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83 Senators Reach Out To Deadbeat Borrowers

June 24th, 2008 by sepierce and tagged , , ,

Drudge has a large and ominous headline, “$300B Rescue: Housing Bill Clears Hurdle.” The AP story begins:

WASHINGTON (AP) - A massive foreclosure rescue bill cleared a key Senate test Tuesday by an overwhelming margin, with Democrats and Republicans both eager to claim election-year credit for helping hard-pressed homeowners.

The mortgage aid plan would let the Federal Housing Administration back $300 billion in new, cheaper home loans for an estimated 400,000 distressed borrowers who otherwise would be considered too financially risky to qualify for government-insured, fixed-rate loans.

An 83-9 vote put the plan on track for Senate passage as early as Wednesday, but President Bush is threatening a veto, and Democrats are fighting each other over key details. Those challenges will probably delay any final deal until mid-July.

Tell me this nation isn’t ripe for Obamunism. 83% of the United States Senate believes in putting up 300 billion dollars of magic money (magic, because apparently Chris Dodd pulled a magic wand out of Rep. Barney Frank’s closet and created the money with one swish) to support the bad decisions of people that signed for loans they could not afford. I haven’t checked but I would be shocked if my senator (I’m not proud of it,) Barry “The Dope of Hope” Obama even voted on this measure. Obama is only in the senate after all, to enable his presidential run. He can’t be bothered by trivial matters such as performing the duties of a senator. Don’t fret, drooling libiots rooting for an Obamanation, this is right up your alley!

Any time taxpayer dollars can be pledged and government can be grown, the Obamunists win. The government is the daddy of the nation, it says so in the Constitution (read in Obamunist version.) The protective embrace of the benevolent Big Brother will shield us from ourselves as we are incompetent. I don’t understand how the electorate could be trusted to vote for elected officials, given our gross incompetence. If the average citizen is incapable of making a decision and coping with the consequences, I don’t see how he would be capable of making a decision on election day.

I have a solution for coping with the incompetence of the common man. It is really quite simple. Cut to the chase! Stop having elections! The people in power should make the decisions so I suggest that Chicago mob boss, I mean Mayor Daley choose the next president. The chosen president can then determine the proper governmental structure best suited for hopeful change and bureaucratic control.

The solution is beautiful in its simplicity and we, as substandard beings, require simplicity. We would have the benefits of government generated wealth to be evenly dispersed (well, not evenly because obviously the ruling class has finer tastes and more expensive needs) to cover our basic needs. With our basic needs met, we should want no more. Our basic needs will continue to be met because once the government runs everything… everything will run with the non-incentive based efficiency of any government agency!

I can almost taste the government cheese already. I only hope Barack’s senate (if he chooses to have a senate, if not Chris Dodd may need to refinance his sweetheart deal from Countrywide)  gives us comfortable shoes since standing in line for food could be hard on a man’s feet.

Posted in Libiocracy, Libiot Candidates, Marx Worshipping Libiots, Socialist Libiots |



3 Responses to “83 Senators Reach Out To Deadbeat Borrowers”

  1.   pragmaticallypolitical Says:

    I completely agree. Government-created moral hazards are far too prevalent.

  2.   house pa us Says:

    [...] [...]

  3.   sepierce Says:

    “Government-created moral hazards are far too prevalent.”

    And each one sets a precedent and makes the subsequent moral hazards more acceptable… to those that don’t pay attention.

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