You forgot the other possibility. Everyone will be broke. A system that supports losers (assume the use of that as valuefree as possible), has to take from winners. When winning provides less reward and losing provides more reward (per unit of effort) that is when socialistic policies start to come apart. You get people trying to default so they can defer their mortgage costs onto the "public", which is really, their neighbors. This causes class warfare, bad relations, and the neighbors who are forced literally at gunpoint to subsidize their less financially responsible neighbors will eventually give in and try to get a bailout too.I don't like what's happening either. And yes the age of no accountability needs to stop, but look at it this way, at this point, either way we're going to be supporting their asses.
As long as we believe that bailouts one way or another are inevitable, then the age of no accountability will continue to pick up steam.
That's just insults, not an argument. You're trying to attack his character instead of his position.Rick Santelli is a complete moron and has no idea what homeowners on Main Street are going through. He is a fucken derivatives trader in Chicago and one couldn't be more disconnected from Main Streets reality than that.
There are many excellent analysis on the bill available at YouTube. I have yet to see one that disproves Santelli's position. Have you read the bill? It was obvious Obama's press secretary had not even though he claimed he had.I suspect many who love Rick and his f'd up views are also JUST HAS disconnected from reality and have no idea what the Obama stimulus bill says and or what is really happening with homeowners. RIGHT?
This is the most fascist thing I have read on this forum. Congrats Hitler. No one in the media should say anything contrary to public opinion, they should be fired for being anti-American. Anyone who speaks out against killing Jews is anti-German.Differences in viewpoints are healthy for consumers of the media. However, Santelli is, in my humble opinion, way out of line. Should we label so-called banking experts that chopped up mortgages in to derivatives impossible to track as losers? Should we call the executives of companies that take government money and pay hundreds of millions in bonuses losers? Who knows…what I do know is that Santelli should be fired. Referring to American homeowners in distress as losers is not only detrimental to public debate, it’s patently un-American.
Sounds like something the neocons would say when someone would argue against spending a trillion dollars on a losing war in Iraq, and spilling the blood of innocents. It's unAmerican to question Bush as he destroys the world.
In your entire post, you didn't ONCE provide any proof that Santelli said anything incorrect.