A group calling themselves the National Center for Policy Analysis reprints the findings of a study that “undoes” the “assumptions” that led to the government-led bailout situation. If you’ve any reason to doubt why Liberals hate the financial conservative types extra-extra, especially the Wall Street Journal, check out this douchebag statement:
DISSECTING THE BAILOUT PLAN | Daily Policy Digest | NCPA
Falling home prices in many areas provide a powerful incentive to default on the loan, live rent-free for many months, and then hand the keys to the bank.
O.I.C.
So that’s what everybody’s doing then, is it? People bought homes they couldn’t afford, waited for the prices to drop, and are now living the good life, rent-free, until the ride is over?
Conservatives see “welfare mamas” everywhere the eye can see. But I don’t want to hear about what you think is happening, I want you to bring me the chicken-wing eatin’, crack smokin’, fat ass welfare mama that’s living in a $150,000 home rent free and loving it. Prove she exists. Bring her by the house, could ya?
What is particularly vexing about the outrage that seems to be moving though certain quarters of the Conservative financial community is that there really isn’t any reason they need be concerned: the government is not handing out loans or bailing out the banks. The president’s Treasury Dept. actually did what an executive branch department is supposed to do: it got the principle players together to work out a solution to their own problems.
