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Should this surprise anybody? He's been borrowing money to buy votes since he got into office. Listen to the exchanges he has at his town halls with people (plants?) asking for student loan forgiveness and high-paying jobs that don't exist. Can you say p-o-p-u-l-i-s-m?
It happens in every third-world shithole run by a two-bit dictator (no I am not saying Obama is a dictator). The people are usually very poor and ignorant, and have no conception about how govt can serve them beyond the primitive instincts to rape, pillage, and "redistribute" from other people. Folks throw support behind a panderer who can at least partially-deliver, but are always discarded afterward.
God forbid anyone didn't gamble in the housing market, milk the overinflated house values, and spend fecklessly to help the economy look better. They are the Old America and must be punished for their lack of over-consumption.
I don't think this would play out in Obama's favor. We're still a wealthy nation with a high standard of living and a decently-educated populace. Selfish and unprincipled, but relatively fat and happy. Plus, you're talking about giving a trillion dollars a minority of dumbass homeowners. Who would NOT be outraged by that?
This country was bought and sold a long time ago. Obama's just the latest peddler to pick the bones while delivering a "fuck you" to those who live responsibly. After the last ten years, nothing surprises me other than the public's continual acquiescence.
P.S. Don't believe anything Larry Kudlow says.
Reported on Kudlow today, January 5, 2012.
What is this all about? It does not sound good at all.
Apparently the idea is for the taxpayer(renters) to pay off homeowners bad debts.
#politics