[mrmargaritaville]

take away the mortgage interest deduction for the recipients of the coming “mortgage bailout”-if osamaobama pushes this through the R’s should hold out for such a provision.

[Myrddin]

"there are no 'flippers,' investor-owners or scammers that are eligible for this program."

How many "stated income" liars and illegal aliens are on the list of those to be helped? How many "no doc" loans were made to wholly unqualified borrowers? These people should not be bailed out. It's time for them to be out of the market. It's NOT time for their stupidity to be rescued by laying the burden on taxpayers.

[lafroste]

And more than anything, we're targeting the folks who are playing by the rules,"

Boy that sounds like the truth!

[Glorious Liberty]

The Revolt of the Kulaks Has Begun

The beginning of a protest movement against Barack Obama's redistributive policies is underway. Though still small, every movement starts somewhere. While called the "Tea Party" after the Boston Tea Party, this movement is similar to movements throughout history where the producers of society refuse to have their property and income confiscated.

This movement can succeed if it does not stop at protest and includes changes in economic behavior...

History tells us, however, that economic redistribution plans fail because the producers of society would rather not produce, than have the fruits of their production taken away and given to others. Obama can raise the tax rates on income, but he cannot force people to generate income to be taxed. People may just say "no." This resistance will not come from evading taxes, but from evading taxable income. In the end, as must all economic redistributors, Obama either will have to resort to repressive measures, or he will have to abandon his redistributive plans.

The best example of this phenomenon is the forced collectivization of farms in the Soviet Union. At the time of the Revolution, Russia was a largely agrarian society which allowed more productive farmers (so-called "kulaks") to prosper. Since the kulaks represented a political threat to communism...

In addition to protest, supporters of the Tea Party would do well to change their economic behavior to deprive Obama of what he wants most, your tax dollars. Invest in municipal bonds, carefully manage your investments to minimize taxable income, do everything possible and legal to insulate yourself from creating taxable income. In so doing, you will doom Obama's plans because the inability to raise tax revenues will cause Obama to move to more confiscatory tactics, and then the political revolt really will begin, as it has throughout history.

[spectre]

""We're going check everybody's income when they come into this program. We're going to make sure that people are paying their bills. And more than anything, we're targeting the folks who are playing by the rules,"

Liars.

[Doogle]

he ain’t seen nothing yet

[AD from SpringBay]

"We're going check everybody's income when they come into this program...."

What a Clintonesque statement. I'm sure they will check incomes and those who actually work will be put on the bottom of the list.

[Jet Jaguar]

BTTT

[GBA]

The messiah is in panic mode??? Sure he is. He and all of his radical friends and mentor are eating this up. They couldn’t be happier.

[Think free or die]

I hope he’s feeling the pressure - the more the better.

[Star Traveler]

Hey, I know some people have seen this, but it’s so funny that I have to post it wherever I can. I couldn’t stop laughing... LOL...

Hitler’s experience with the housing bubble and government bailouts...

http://www.youtube.com/watch?v=bNmcf4Y3lGM

[elpadre]

does anyone know what is actually in the bill, including the fine print??

with all the differing statements - I think not!

[usconservative]

"We're going check everybody's income when they come into this program.

This is the Government deciding who the "winners" are and who the "losers" are.

If you're the white guy making $50k/year and on the virge of going under, even though you've played by the rules, you're out.

If you're the non-white guy making $20k a year sitting in a $600k home with never a hope of being able to afford that house, you're "in."

Reparations by any other name, is still reparations. Stealth or not.

[I_Like_Spam]

What does “playing by the rules” supposed to mean?

If someone committed actual fraud against a financial institution or someone else, they ought to be prosecuted- not just denied a bailout.

[keepitreal]

Investors and flippers are really bad people, much worse than those who lied to get their mortgages.

[kcvl]

"We're going check everybody's income when they come into this program. We're going to make sure that people are paying their bills. And more than anything, we're targeting the folks who are playing by the rules," Donovan said.

"WE" are going to what?! How does he think they are going to do that when they can't even check their own appointees' backgrounds and whether they 'played by the rules' like PAYING THEIR TAXES?!

[goodnesswins]

Yeah...like RUBIN? BAAWWWWAHHHHHHHHHHH....sorry....I know Rubin isn’t in foreclosure, but, I’ll betcha this will REALLY HELP HIM!

[garjog]

Means test: did they donate to Obama?

[lawnguy]

"We're going check everybody's income when they come into this program. We're going to make sure that people are paying their bills. And more than anything, we're targeting the folks who are playing by the rules

The little detail that's missing here is who exactly the "we" is. The "we" is the army of ACORN moonbats who will be populating these agencies.

Their battle cry will be "affordable housing for all".

[longtermmemmory]

The comment on chris wallace was EXACTLY that the white house is in full on panic mode.

Obama has only been in 4 weeks and he is already falling appart.