If you haven't noticed lately, con talk radio has tried to quietly sneak past the problem of finding a solution for the economic crisis. Their main tactic has been to continue denying that there is a major crisis. You can listen to it for hours on end and hear no serious solution or plan of action, but plenty of frothing at the mouth over spending and bailouts. They are terrified that some irresponsible home"owner"s will receive what they don't deserve.
Press secretary Gibbs offers a great refutation to these arguments. There is no doubt in my mind that *some* irresponsible people will be bailed out no matter how great a plan might be to avoid it. But consider that letting people foreclose not only lowers the average price of the houses on that block 9% ($20,000 on average) but sends us even further away from solving this mess since nothing can recover until housing recovers. The naysayers will be paying for it one way or another. Therefore, I don't see any reason for so much bluster from the right other than to demonize the Democrats. If they had some sort of viable solution it would be another matter, but all they do is complain and bury their heads in the sand. It's as if they don't mind going into a great depression as long as not a single person is unfairly bailed out. I don't buy it at all. I think the Santelli thing was scripted and rigged as a distraction from reality- something the Obama haters are really good at. It would trouble them deeply if the Obama plan were to succeed. And unless we are all walking on air in two months they will consider the plan to have failed.
I guess I missed this. Sure looks like Obama picked the right guy. Love it!