Thursday, April 15, 2010

Make Your Blood Boil? Well, I Should Say

Banking executives told Congress yesterday that it would be "unfair" to reduce the mortgages of borrowers facing foreclosure. Of course, none of those bankers thought it in the least bit unfair for those very borrowers, who are also taxpayers, to bail out the chicanery and mismanagement of the banking and finance complex. And just what did they mean when they claimed that helping borrowers "could be harmful to consumers, investors and future mortgage market conditions"? I'm reminded of Monty Python: Making it worse? How could it be worse?

Look, I 'm not in any danger of losing my home, so I suppose that I'm one of those people to whom helping a few people out would be unfair. The thing is, though, it wouldn't be unfair: The value of my home has dropped because of the mortgage meltdown and it continues to drop every time there's bad news. But that doesn't matter to Rep. Spencer Bachus (R-AL):
The market needs to find its own footing free of government intervention and manipulation so we can revive our economy and get on with a full housing market recovery.
Sure, Spence, but what does "its own footing" mean? The footing my house value found when borrowers were protected by the Glass-Steagall Act is a lot different than the one its found in the tender embrace of Gramm-Leach-Blilely, which you sponsored after pocketing nearly $4,000,000 in "contributions" from the finance, insurance, and real estate businesses. See what I mean? A taxpayer might wonder just whose interests you have in mind.

The article goes on to state that, and I quote, "Republicans say the Obama administration should abandon the effort and focus on creating jobs." Of course, the Republicans have done their best to stymie and delay any piece of job legislation that has come before them...

An Oklahoma teabagger wants to establish a state militia to protect the state against the imprecations of the federal government. "Is it scary? It sure is," said Al Gerhart, the middle-aged 'bagger who would never actually have to shoulder a rifle, but when do states stop rolling over for the federal government?" Gerhart has a point: The federal government has already made it possible for 639,000 Oklahomans to obtain health insurance. Who knows what nefarious scheme it's even now plotting to force on the Sooner State. Oklahoma State Senator Randy Brogdon, a Republican candidate for governor whose Constitutional expertise derives from his success as "a business owner for over 30 years in the Air Conditioning industry" argues that the intent of the Second Amendment is to enable efforts like Gerhart's. Doesn't it occur to any of these morons that if a projected state militia actually engaged the United States Army, the results would be a bloody version of the Norman (OK) High Tigers taking on the New Orleans Saints?...

I got all the f***ing work I need...

Lunch...

The tall one, the broad one, and the Siamese cat...

7 comments:

Sylvia K said...

And just when you think it can't get any worse! Everytime I check out the news for the day I end up frothing at the mouth! Do you think that maybe assholes reproduce themselves??? How else could there be so many of them??? Great post as always.

Have a great weekend -- well, try anyway!

Sylvia

K. said...

If you want to know what it would be like to have right-wing Alabamans and Oklahomans running the country, just remember how good we had it when Texans George Bush, Tom Delay, Dick Armey, and Phil Gramm had their hands on the tiller. Armey's the man behind the teabagger curtain: I looked up that wacko Gerhart's blog/website, and it's hosted by the umbrella group that Armey runs.

Roy said...

Unfortunately your Monty Python link doesn't work. And I think you meant to make a link of "The tall one, the broad one, and the Siamese cat..." The phrase intrigued me enough to do a Google search and I found the blog post you were referencing here. I suspect some of these people like Pat Robertson and James Dobson must have fallen on their heads as well.

Oh good, that's all we need - more hysterical Oklahomans with guns!

Love the Music Man clip. Perfect Republican strategy - create a straw man and run with it!

Jerry Critter said...

I heard today on the radio that a bankruptcy judge cannot reduce the balance of the mortgage on your primary residence, but if you have a second home, like a vacation home, he can reduce the mortgage on that one.

Sounds like laws benefiting the rich written by the rich.

K. said...

Sylvia: I know what you mean. I shouldn't read this stuff, just in the interest of my blood pressure.

Roy: Link fixed! Enjoy one of the funniest Monty Python scenes ever.

Jerry: In this country? No way. Thanks for stopping by and commenting.

Renegade Eye said...

I don't think the Republicans, whether disguised as Teabaggers, or any other manner, are going to make inroads. They lack a program, anyone would rally around. Protest alone is not enough.

The Republican Party was at one time the party of Lincoln, the party that united the country. They have become amazingly revisionist about the Civil War, slavery and states rights. If a militia is formed for secession, it should be smashed by the Federal Government.

Obama shouldn't be given a pass. He wasn't elected to expand the military budget to levels Bush could only dream of, or to move the Supreme Court to the right, to not upset Republicans.

nursemyra said...

thanks for the link