June 23, 2010

Bad Mortgages And Socialist Presidents


Obama’s home loan modification program was talked up by the bailout-friendly news media as a potential “ray of light” for struggling homeowners.

But on June 21, Associated Press reported the mortgage assistance program is “falling flat.”

The broadcast networks supported the mortgage modification and housing bailout when Obama launched it in 2009, after criticizing Treasury Secretary Henry Paulson’s plan for not doing “enough” to fix the problem. ABC, CBS and NBC haven’t mentioned the new figures since AP reported them.

“More than a third of the 1.24 million borrowers who have enrolled in the $75 billion mortgage modification program have dropped out,” AP said. “That exceeds the number of people who have managed to have their loan payments reduced to help them keep their homes.”

Not surprising; It seems that the “progressive” elements within the government are so wrapped up in their other-wordly reality that true reality eludes them. So they create a mostly wasted program that benefits only a few of those interested or in need of such a venue, then, together with their tame mainstream media, announce the sheer brilliance, greatness and necessity of the waste of time and allocated treasure.

The “ambitious” Home Affordable Modification Program was supposed to help 3-4 million people. As of last month the number of dropouts (436,000) exceeded the permanent modifications by almost 100,000 (340,000).

This was part of the same housing bailout Rick Santelli condemned on CNBC saying “the government is promoting bad behavior.” Santelli’s rant against the housing bailout helped inspire thousands of Americans to protest bailouts and runaway government spending at Tea Parties around the country in 2009 and 2010.

But Santelli’s opposition to a bailout was an exception among the pro-bailout news media. As recently as Feb. 18, 2010 ABC’s Robin Roberts was praising the program as “what may be a ray of light for the millions of homeowners struggling to hold on to their piece of the American dream.”

The rest of the article.

Most Americans don’t want what the Obama Administration and the far-left run House and Senate are hanging on us. That’s why there were so many intraparty shake-ups during recent primaries and why the Tea Party, despite the belittlement, courtesy of the leftist mainstream media, that no one took much notice of once it became obvious that the Fourth Estate and the Alphabet networks were shilling for anything that was “progressive” out of pure party politics rather than any attempt at responsible reporting. What’s new, right?

I’ve had more than one fellow conservative tell me that they are actually glad that Obama got elected.


Because as president, his agenda has served to wake up millions of sleepy, daydreaming, uninformed and otherwise unaware Americans to the reality of socialist doctrine the far left, through their dominance within the Democratic Party, has been stealthily forcing upon us and in so doing, activate that good old spirit of liberty that defines us as a people; defines our heritage and our way of life and as a result, We, The People are now united and, eyes wide open to the threat among us, fighting back.

That “American Dream” cannot be provided by government programs, government spending and government regulation, it must be worked hard for by people who cherish their freedom and want to build a good life wherein they are independent and beholden to no parentally structured political body for what they have.

by @ 5:48 pm. Filed under The Fact Of The Matter...
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