Losers

I know I'm late to the game on this. Sue me. :-) I've been sick.

Anyway, caught this the other morning on the news.


The guy brings up some good points, not the least of which underscores the main reason Socialism doesn't work in the long run. It rewards bad behavior.

I noticed he used the word "losers" to describe people who took out mortgages that were over their heads. As he's describing an aggregate, he's probably right. I, for one, did not take out a mortgage that was even twice our annual household income, much less three or four or more. And I did that for a reason. For me to be subsidizing with the money I saved by being conservative -- someone else's extravagance in poor judgement... doesn't settle well with me. See, this also punishes good behavior.

At any rate, if it hasn't been done already, the press will now trot out examples of middle class families we can all identify with ... knowing that they aren't typical examples of what's going on ... to promote the idea that it's "just folks" and that we should get on board (see Bernie Goldberg's BIAS)

Well we don't have much choice thanks to the America voting the Socialists in.

Hang on, folks, it's going to be a bumpy ride. I just hope this isn't the endgame for America.