At least Republicans are consistently horrible

“The theme for his mortgage speech this week was basically McCain to Homeowners: Drop Dead. It was, he said sternly, “not the duty of the government to bail out and reward those who act irresponsibly.” The good news, he noted, was that out of 80 million American homeowners, only 4 million are in the tank, while everybody else is “working a second job, skipping a vacation and managing their budgets” the way Countrywide Financial intended them to.

He did, however, leave the door open for some vague, amorphous, undefined aid to good homeowners, as opposed to irresponsible ones who … did something irresponsible. Like taking that vacation.

McCain then suggested that the federal government ought to do something about getting regulations off the back of the financial markets and concluded with a call to reduce the corporate tax rate. It was not exactly a rallying cry for the masses.”

“And at bottom, his economic vision makes absolutely no sense whatsoever. He’s going to keep the Bush tax cuts, continue our $3-trillion-and-counting war in Iraq and decrease corporate taxes. And how is he going to pay for it? By getting rid of pork-barrel earmarks. And I am planning to remodel my house by purchasing a tube of Elmer’s glue.

But give the man credit for telling it like he thinks it is. So far, he’s only alienated the homeowners, retirees and vacation-takers.”

{NYT – read more}


9 responses to “At least Republicans are consistently horrible

  1. i hate mccain, but “lose your home” < “drop dead.” Bush caused this mortgage problem by suggesting every American should own a home, and then banks gave away seemingly free credit, hoping for a bailout. There will always be people who rent apartments. The people who bought homes they could not pay for don’t deserve now to keep them. They can move. I think the investment banks should go down for their risks. It would teach them a lesson.

  2. I agree on every point – most of those in trouble were either under-qualified for homeownership or over-leveraged their houses to buy unnecessary shit. The problem now isn’t about rewarding the undeserving poor, it’s preventing further economic turmoil. If that means relaxing interest rates a bit or preventing a few bubble case foreclosures, I’m all for it.

    The real point isn’t about homeowners at all. Read between the lines and you’ll see McCain’s stance is purely to maintain bank profits. His “deregulation” talk produces some huge boners on Wall Street, and those are the people he needs now as he starts the big fundraising push. He cares about banks, not people. Reward the banks for taking people over the coals. Again.

    Also, Obama doesn’t plan on doing anything either. He wants to “nudge” the banks to do the right thing. Translation: nothing.

  3. Better yet, I’d like to see the fat cats who sit on the boards of the banks that lent the money to people clearly not able to afford the repayments and who have lost what little savings they had, taken outside and tied to lamposts and beaten with motorcycle chains.

    I just hate the way how the corporate system is set up so there is no personal responsibility for the decisions made by the souless bastards who run these companies.

  4. Razz, I’d say you have a populist streak. Or a violent streak.

    The corporation is the most brilliant system ever: deeds that go unseen provide massive profits for individuals. When they are finally caught, the punishment falls to the “corporation”, and you’re lucky to see one or two individuals given a slap on the wrist. Re-organize under a different name, different corporate charter, and you’re back in business. Great system.

    What I don’t understand is how so many people think that complete deregulation is the way to solve every problem. Yes, the government is often corrupt, co-opted and conned, but it at least operates under the premise of being “for the people”. The business world is corrupt, co-opted and conniving, but they’re honest about being after nothing but profit. How would giving them the keys to car be anything other than suicide?

    At least politicians can be recalled.

  5. I think we’re missing a big point, and that is the fact that we live in a corporatist society. Citizens blame government, believing it to be something, but corporations laugh at government, knowing it to be nothing at all. The banks will profit no matter what happens in the election. The corporations rely on government regulation and legislators turning a blind eye to monopoly, so that they can maintain power with advantages over upstart competition. The legislators rely heavily on corporate media and financing to get and keep their positions, so they sort of “owe” the big corporations. The idea that “politicians can be recalled” is technically true, but most voters will vote the way that corporate media tells them to vote.

  6. I know. It’s depressing to remember that becoming president is a.) a meaningless position, and b.) ridiculously expensive to make happen. So everyone is beholden to the money that got them there.

    Nothing will really change. I’m painfully aware of that. I do like your quote about corporations “knowing it to be nothing at all.”

    I’m moving to France.

  7. >I’m moving to France.

    France has it’s issues as well (as I’m sure you are well aware) but it is a great place and I love the French people. They generally have such a great attitude about how to live and it’s a great place to hitch hike.

    On a tangent to the post above and only vaguely relevant to this discussion.

    All French children get taught some philosophy at school. I think that might go some way to explaining why the average French person is someone who can exchange ideas with other people with different world views without getting bent out of shape.

    I’m pretty sure that the average person in French would think the whole “if your not with us, then you’re agin’ us”, stance is ridiculous.

    I noticed that when I was in the US about a year ago, debate didn’t seem to be happening and the country seemed to have split into two entrenched and intransigent camps. The same thing was starting to happen over here in Australia as well.

    Both our countries could learn a few things from the French.

  8. The USA, inc., has the most whacked priorities. Nobody cares about what you live for, just how well and how luxurious your surroundings can be. It’s a culture obsessed with celebrity, luxury, and youth.

    The French (and other europeans) seem to find value in human connections, in time spent enjoying life and not chasing the next big SUV or 4000 sq ft house.

    We americans are, for the most part, pretty firm in our beliefs. They are drilled in at an early age: more is better. We believe in x, y, z, and anyone who disagrees is just wrong.

    Perhaps I’m equally guilty – I’ve all but given up on the conservatives here. So selfish, so self-obsessed, so sad.

  9. French students are taught analytical and critical thinking from a young age.
    For example, a history test can consist of commentating on a political speech. You have to situate the discourse in its historical context, then evaluate its content in view of what was actually happening during those times. As a result, you learn early on that politicians are full of shit. It helps.
    Also, most French people travel regularly to other countries with very different cultures than their own. It makes them more acceptant of other views. Of course the 39 yearly vacation days vs. our 12 help in the discovery of other territories…
    2 excellent books on the French: “Sixty Million Frenchmen Can’t Be Wrong” by Nadeau and Barlow (serious), and “A Year in the Merde” by Stephen Clarke (funny)

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