Our friend George Bush is at it again.
It seems that he is going to help out those poor people who willingly took out sub-prime mortgages, several years ago.
His plan is to freeze their current sub-prime rates for up to another 7 years.
Now…..I have 14 years left on my mortgage at a particular interest rate that many of the sub-primes would top out at. And, my wife and I, despite financial mistakes early in our marriage, worked very hard to get.
In my financial opinion, if they can’t afford 8%, then they shouldn’t have been given the money to begin with, and do not belong having a mortgage.
So, I want either a lower interest rate, without going through the expense of refinancing, or tell the sub-primers, who have been sucking on the teat of cheap money for 7 years, to start looking for rentals.
It’s just like this dumb ass government to screw the middle class, either by handing welfare to the poor bastards who want a free or cheap ride, or the rich SOB’s who get all the damn tax breaks, just so they can throw a few bucks at a charity.
And, where do the Democrats stand on this?
(The sound of crickets chirping)
That’s your answer.