Look, I will be the last insufferable bastard in the blogosphere to offer a solution to the foreclosure crisis in America, but I'm tired of the GOP and certain media personalities (most notably, CNBC's Joe Kernan, Michelle Caruso-Cabrera and Rick Santelli [and his bond-trading lemmings on the floor]) criticizing President Obama's foreclosure-prevention plan. Where was their honorable outrage in October 2008 when the carnival kicked off with the $700 billion bailout of the American financial system?
Oh, and in case you missed it, earlier this week our government bailed out AIG for the FOURTH time with a check for $30 billion – the mega insurer has received over $170 billion from Uncle Sam.
And don't forget General Motors. It has received nearly $14 billion and more is on the way. Last month the corporation asked for $16.6 billion and last week it reported a loss of $31 billion in 2008. "Please, sir, may I have some more?"
Don't forget Citigroup. And Fannie Mae and Freddie Mac.
But when President Obama proposes a bailout that will directly impact the average, Main Street American that these CNBC schmucks constantly discuss (but do you really think these talking heads know anyone like you or me?), it's a travesty, a moral hazard. Give me a fucking break.
Look, this country finds itself on the cusp of the abyss because we the people entrusted (as if we had a choice) a mass collection of elected officials and Ivy League-educated CEOs to do one simple thing: the right thing. And guess what? They didn't do it, so now you, your mother, your father, your neighbor and millions of people you will never meet are paying the price for their ineptitude. What is their punishment? The bastards pick your pocket and call it a "bailout." What a fucking joke.
President Obama's $75 billion foreclosure plan will help as many as 9 million Americans stay in their homes by allowing them to rework their mortgages into more affordable monthly payments.
Only in America – Capitalism's shining beacon – is a plan to help millions of Main Street Americans keep their homes viewed as junk legislation, while trillions of dollars in corporate bailouts isn't seen as optional, but necessary, vital to the function of not just our economy, but the global economy.
God ble$$ America.
xx
Now, watch this great piece of tragic comedy from The Daily Show.
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