Watching and listening to the market news from yesterday and what is going on today, whew! The family or individuals who are actually paying their mortgages, made legitimate and affordable loans, will be carrying the weight of those who messed up. Did they not read the fine print? Did they have such a skilled, silver-tongued sales person urging them to buy beyond their means? Was the mindset one of "deserving" more bedrooms and bathrooms? Keeping up with the Joneses???? Or, was it caused by job loss and work stoppage perhaps...
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On the trading floor in Chicago Thursday, a reporter for CNBC, not a right-wing news station, Rick Santelli, just went ballistic about the very suggestion of being coerced into paying the bad debts someone else incurred, "rewarding their bad behavior". He had the traders who were in the room during his report marching around with pitch forks and spears, encouraging him to speak up on behalf of reason and capitalism. Even the traders see the fallacy of "co-opting", taking on the expense of those who messed up royally.
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Recently I was having a conversation with someone about the joys of my heated car seats. It seems those up north where heated seats would be ideal, it is not a popular option, but here in the South, it is valued. Some say the "cold" is different, but that is beside the point. I made the foolish statement that I could "never live without heated car seats"....
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It occurred to me what a truly ridiculous thing this is to say! How do I know that I cannot live without heated seats, or a rear window defroster, or intermittent wipers? How about call waiting? How about Internet connection?Is that not just way too much to declare I cannot live without it??!!! It seems that is the mindset of people now, that once we have had something, especially if was given to us, we do not want to NOT have it. Things have value to us, often, when they are taken away. Like air from my tire! When I had air in my tire, I took it for granted-----now that I had a flat, I no longer simply assume there will be air in my tires! The same goes for accountability, if you do not have to be accountable for awhile, you will certainly get used to be not accountable!
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My understanding is that there is a groundswell forming, other than the traders on the floor in Chicago, where folks are rallying to reclaim our nation, our freedoms. There was a commercial on TV the other night featuring a convertible car, cannot recall the brand, where the ad touted the fact that "America loves freedom", being free to ride with the top down....I nearly choked on my chocolate-coated popcorn. (A gift, not a foolish purchase...)What a ridiculous statement to make in the same week that the humongous government spending bill was endorsed! Supposedly the nation has 'elected' to "mortgage" our freedoms, liberties, independence for generations to come in order to get our shorter-term bills paid (or be the ones paying the bills!!!) by a no longer government of the people!!!
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Anyone????