Friday, February 19, 2010

Another Bad Idea

The President is announcing another assault on the taxpayers' wallets today. He is tossing $ 1.5 billion of taxpayer money into a program to help homeowners who are the most underwater on their mortgages. Only a handful of states will qualify, mostly states where bubblemania was out of control, fed by bad behavior by Fannie, Freddie, and Wall Street.

This continues the trend. Locate those folks who have been the most irresponsible and transfer funds from taxpayer who were responsible to those who were most irresponsible. That's the Obama way. Too bad if you were responsible and took out a mortgage you could afford. You get to pay higher taxes to support the profligate. Standard Obama fare.