Quote:
Originally Posted by Jim in CT
No one takes any pleasure in watching people file for bankruptcy or get foreclosed on. But a lot of middle class people who live paycheck to paycheck and who do all the right things, are tired of getting punished and being forced to pick up after other people's mistakes. The tea party literally began, when frustrated citizens who didn't make any dumb decisions, and who were struggling through a brutal recession, were told they had to give money to people who freely chose to buy more house than they could afford. They didn't feel obligated to do that. There is some logic to that position.
As usual, you portray your side in an oversimplified way, and demonize everyone on the other side, refuse to concede they may have a point.
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The greatest irony is when you say someone else oversimplifies. It is like your defense mechanism. Talk about oversimplifying... They didn't want to give money to people who choose to buy more house then they could afford is a grand oversimplification. The majority of foreclosures happened when people lost their jobs and/or went to sell their houses and they were worth relatively nothing. 800000 a month loosing their jobs. Giving people the opportunity to refi at lower rates helped save the economy from depression. The net result was more money for every home owner. Those people you are referring to weren't punished, they were protected from having prior systemic mistakes destroy the economy for decades. Then these tea sippers into power people who want to set up the same conditions that allowed it. We will see where we are in five years if numblypeg gets reelected and they continue down this path.
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