Debating Obama's Home Mortgage Bailout Plan: Video NBC: Brian Williams Interviews Santelli and Liesman
This is an interesting 6 minute clip from Friday morning's Today Show. NBC's Brian Williams makes a rare morning appearance as host of the deabte. This is the 4th of our series of videos chronicling the rise of a taxpayer revolution. The issue being debated is Obama's proposal to bailout struggling homeowners at the expense of everyone else, including renters who made a conscious choice NOT to participate in the real estate bubble game, yet now are being asked to subsidize the mistakes of those who did.
It strikes at the core of who we are as Americans. For most taxpayers, the ongoing bank and auto bailouts, though more costly and extremely un-popular, do not resonate personally. But bailing out an irresponsible neighbor, who purchased more house than he could afford, is understood by everyone. I noted this peculiarity previously in our story on Citi and Bank of America, advantage commode.
Reader Comments (6)
I am still waiting for the rational arguments in support of the bailouts and stimulus. Anyone supporting them always fall back to "it is better to do something than nothing" when they realize they are grasping at straws. Really? Evidence please. Do any of them have the credibility and expertise to even analyze the pool of possible actions or inaction and consequences thereof? Oh wait, there is no time for that because we must act now for the world ends tomorrow - damn the consequences.
http://watchingmarcitz.com/2009/02/22/obama-hurts-100-million-to-help-9-million/