If your head is up your ass you will drown in waist deep water

A news story yesterday about The ONE's nearly $80 Billion plan to help homeowners stave off foreclosure focused on the ironic situation of Susan Orb, a California woman whose job it is to serve notices of eviction and is about to lose her own home. Central to the article were these facts: the home she purchased has declined in value by nearly half since it was mortgaged, her mortgage payment is increasing to a point where she can't make the monthly nut and she owes more on the house than it could be sold for. According to Barack Obama, this woman is like many thousands of others who are "underwater" in their mortgages. Not everyone surfed along on a wave of generosity from lenders.

The core of this newest of government incursion is help for these drowning homeowners in the form of a scuba tank full of money. Judges will be able to mandate mortgage holders refinance these at risk loans much like Neptune determines the rising of the tides. If the receding tide of investments on Wall Street is any indication, schools of financiers believe we are treading in unsafe waters. I agree.

Look at the premise of helping Ms.Orb mentioned above. What at all does it matter that the value of her house has declined by half? Does she need to sell it? The mortgage she signed was set to increase regardless of the fact the value of her abode has sunk deeper than the lost and recently found city of Atlantis. My question is, "What the hell was she doing taking a mortgage that she couldn't afford to pay?" The next is, "Why the hell do I want to use taxpayer money in the form of a government bailout to reward her water on the brain stupidity?"

Not all of homes in foreclosure are in such a state because of poor decisions by the owners. Some people do lose their jobs or are forced to move to keep or take a new job and must sell a house that they owe more on than they can sell it for. Let's help them. I think there are programs to do this already but I am not opposed to investigating some help for those who are swimming upstream to catch their paddless canoes.

This is the problem with the whole direction our country has been taking and has accelerated in since the First African American President of the United States has climbed to the lifeguard tower of government security. We are rewarding foolishness, stupidity, risky behavior and investments and failure is not an option. Perhaps in the calm Utopian waters of a communist or socialist state there is no failure other than the communist or socialist state but here in the good Ole' U S of A we as individuals are free to sink or swim. Well, we were.

S2