unimpressedpragmatist

Foreclosures a Bigger Political Issue Than You Think [Housing Tracker]

This subject is becoming more political but not in the way framed by this article. Those who entered into mortgages they knew they could not afford and, eventually, would lose their new homes, have lost the sympathy of the American taxpayer and the electorate. This became the situation when Congress, in its infinite stupidity and propensity to pander in an election year, decided to interfere in the dynamics of the market, and use taxpayer money to bailout these morons and deadbeats.

If the issue is political, it is the negative reaction to the bailout, using the fiscally responsible taxpayers’ and homeowners’ money to pimp for votes. Although, the people of this nation may feel a modicum of sorrow for those losing their ill-gotten homes, they realize that these irresponsible, looking for something for nothing, temporary homeowners would, eventually, lose them through their inability to control their spending far beyond their means.

This ill-advised and useless spending of the taxpayers’ money has exacerbated the anger of the electorate toward Washington. Therefore, there will be a backlash in November but not because of foreclosures. It will result from the anger of the electorate against the clowns who believe they are capable of performing the duties of members of Congress.