Democrats oppose discomfort

I don’t know why I still find myself astounded at the lengths to which they’ll go to make sure no one — well, except the rich — experiences any discomfort, any at all, in this life:

The administration’s new push also seeks to more aggressively help borrowers who owe more on their mortgages than their properties are worth, offering financial incentives for the first time to lenders to cut the loan balances of such distressed homeowners. Those who are still current on their mortgages could get the chance to refinance on better terms into loans backed by the Federal Housing Administration.

The problem of “underwater” borrowers has bedeviled earlier administration efforts to address the mortgage crisis as home prices plunged.

Officials said the new initiatives will take effect over the next six months and be funded out of $50 billion previously allocated for foreclosure relief in the emergency bailout program for the financial system. No new taxpayer funds will be needed, the officials said.

“Cut the balances,” huh? This really is a wonderful, revolutionary concept. I can get just about everything I own for free, after the fact, retroactively, if I’m as smart about it as Obama.

I’ll start with the 4Runner we bought two years ago for $22,000. We owe $13-14,000 on that, but according to Edmunds.com, I’m “underwater” because its current market value is about $12,700. Don’t you think I deserve that difference back from Toyota? Because if no one in America should owe more for their homes than they’re worth, shouldn’t no one in America owe more than their cars are worth? Perhaps I can rinse and repeat and get away with this every six months until I get it most of my money back from those usurious capitalist bastards who sold it to me — knowing full well it was going to decrease in value, too! Oh, the humanity!

Why should I owe them what the car used to be worth when I signed that contract — “contract”: just another nefarious, rightwinger concept! — two years ago, if the Kelly Blue Book value today is far lower?

All this seems perfectly fair to me — which, according to the left, is what this life is all about: fairness defined down to mean never having to experience so much as a modicum of discomfort or stress from either (1) the consequences of your own poor decision-making or (2) the fact that sometimes things work out nicely and sometimes they simply don’t.

Advertisements
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: