Sense on Cents

Thank you to our friends at 12th Street Capital for sharing a sneak peek of Uncle Sam’s release of his new “Socialized Housing Manifesto.” (Click on the image to access pdf document.)

What is the one word that Uncle Sam is clearly trying to emphasize throughout the 4-page release? Responsible. Who the hell is Uncle Sam to define who and what is responsible or not? How can one irresponsible entity, that being the federal government, deign to define a measurement of responsibility for American citizens?

Rest assured, the unintended consequences of this program will guarantee that our sluggish and declining home values will exacerbate in the process. Why? This program will change the behaviors of untold numbers of American citizens, but Uncle Sam will discount that. He’s too stupid, and too much of a liar, to know otherwise.

Make no mistake, this mortgage principal reduction program is nothing more than another step in Obama’s MASSIVE goal to redistribute wealth.

What’s next on the redistribution agenda? Watch out for your retirement accounts. Don’t think for a second that Uncle Sam will not take a run at those. Watch out folks . . . the slippery slope is getting steeper and more treacherous by the day!

Comments, questions, and constructive criticisms, especially from those who disagree, are encouraged and appreciated.

LD

Please subscribe to all my work via e-mail, an RSS feed, on Twitter, or Facebook.  Thanks.

This entry was posted on Friday, March 26th, 2010 at 10:36 AM and is filed under General, Housing Crisis, Moral Hazard, Mortgage Cram-Down, Mortgage Crisis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.