Monday, February 23, 2009

Left Right and Center

I posted my first comment on Left Right and Center blog about Bob Scheer's incessant point about "keeping homeowners in their homes." Each week, Bob goes off on how unjust it is to bail out Wall Street at the expense of homeowners who are losing their homes - that we need to put a freeze on forclosures and make sure people don't get kicked out of their homes.

But what Bob never seems to take into account is a simple fact: the "homeowners" he is referring to CAN'T AFFORD THEIR HOME.

Since when has this become a faux paux? It's so simple and obvious, it shouldn't need to be stated.

We could argue forever about whose fault it is - lenders/borrowers/politicians whatever - but the point doesn't change a thing - you can't afford the mortgage, you can't afford the home. Real simple. What is the government going to do? Keep paying the mortgage for them? Pay it off for them? Mystically raise the value of the home to allow for further leverage? I don't understand how you "keep people in their homes?" Why not while we're at it, why not just forgive all the student loans and debt? And why not give everyone a high paying job for the government to do whatever they please? And pay off everyone's credit cards. Sounds like a great society. I want to live there.

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