Should the federal government bail out homeowners facing foreclosure?
by Tom BishopLink to article
The following is an excerpt from an article on Helium by Tom Bishop, UP member. Click on the link to read entire article.
“Struggling homeowners should not get a bailout just because everybody else has. Instead, struggling homeowners should be the first to be bailed out, even if they are the only ones.
The discussion over the mortgage bailout is just the latest surfacing of America’s ongoing class war, and the very wealthy have been winning it. They have devastated the working class, impoverished consumers, and robbed small shareholders. They provide most of the reelection funds for politicians, define mainstream political thought, and pick the winners in every policy debate. …”
Tags: Helium.com, mortgage bailout, Tom Bishop
February 28th, 2009 at 5:13 pm
Tom,
Loved your article–not sure I love the Helium platform after my first visit. ;-)
I am so glad you bring up the concept of punishing people for having hope. It seems that taken to the extreme (and I am not sure we aren’t there already) we are berating people for buying homes with the HOPE of keeping their jobs or even getting promoted. We are negative towards those who took out loans for college with the HOPE of landing a career position so they could pay them back. The media is now bashing people who have the nerve to HOPE the new President will succeed. Perhaps our core problem is spiritual and not financial?
March 2nd, 2009 at 8:06 am
Tom — I absolutely agree with your general thrust. But some of that optimism was delusional — and pumped up, for example, by books like “The Secret” and prosperity preachers like Osteen, Dollar, etc, all saying that you deserve to have whatever you want. Our whole debt-based economy depended on baseless optimism about the future.