Wednesday, February 18, 2009

Fleeced: The Truth Behind Obama’s Housing Entitlement Campaign & ACORN’s Civil Disobedience Mob

Granted, people losing homes is sad, but at what cost to the taxpayers? Why are the responsible being held accountable for the irresponsible?
Home ownership is not a right or guarantee -- the opportunity for fiscally responsible people to finance a mortgage is the right.
This still reeks of socialism to me; if the government, in essence owns a part of your home, Big Brother essentially owns a part of you. That's scares me.

  • The Obama administration, seeking to combat the most serious housing downturn in generations, on Wednesday unveiled an effort to deal with mortgage foreclosures to go along with housing support included in the $787 billion economic stimulus program. But analysts said they still do not expect a turnaround in housing until late this year at the earliest.

  • The administration's new foreclosure relief plan will spend $75 billion in an effort to prevent up to 9 million Americans from losing their homes. The plan also will double the size of the lifeline the government is providing Fannie Mae and Freddie Mac to $200 billion each as a way of reassuring financial markets of the viability of both mortgage finance giants.

Michelle Malkin wrote a great piece today in her column. She explains, yet again, that things are not as they seem in Obamaland.

Fresh off the trillion-dollar porkulus bill signing in Denver, President Obama immediately launched into his next New Raw Deal expansion: A massive mortgage entitlement program forcing lenders to refinance at an initial cost of $50 billion to $100 billion. That’s in addition to the bipartisan-supported $50 billion in the “stimulus” bill to bail out homeowners underwater on their mortgages and the $2 billion in “neighborhood stabilization” funds to alleviate the foreclosure crisis.

In tandem with the White House Bad Borrowers Bailout, Obama’s old friends at the Association of Community Organizations for Reform Now (ACORN) are launching a new campaign of their own: the “Home Savers” campaign. What a coinky-dinky, huh? As with most of the bully tactics of the radical left-wing wing group, it ain’t gonna be pretty. They are the shock troops on the streets doing the dirty work while the Community Organizer-in-Chief keeps his delicate hands clean.

Trumpets ACORN: “On Feb. 19, ACORN members will launch a new tactic in fighting foreclosures: civil disobedience. Participants in the ACORN Home Savers campaign nationwide will simply refuse to move out of foreclosed homes, or in some cases, will move back in. ACORN homesteaders intend to squat in their homes until a comprehensive, federal solution for people facing foreclosure is put in place.”

ACORN’s foot soldiers, funded with your tax dollars, will scream, pound their fists, chain themselves to buildings, padlock the doors, and engage in illegal behavior until they get what they want. It’s a recipe for anarchy. Threatens Baltimore ACORN’s Louis Beverly, who calls himself a “Foreclosure Fighter:”

“After you’ve used all your legal options, your last resort is civil disobedience. We’re talking about families who have been in their homes 20 or 30 years. People who are assets in the community, who look out for the elderly, who have community associations, and these are the people being kicked out of the community.”

We can all sympathize with good folks who can’t pay their bills. But as I’ve said repeatedly in my criticism of the mortgage entitlement mentality embraced by both parties in Washington, home ownership is not a civil right — and neither is home retention. Artificially propping up the housing market will only result in more of the same costly borrow-spend-panic-repeat cycles that got us into this mess in the first place. Failing corporations need to fail. So do failing home borrowers. This is borrowing from frugal renter Peter to pay profligate Paul’s home loan.

The Community Organizer In Chief is and will continue to use his "army" to force-feed America his radical socialist agenda.

All your housing entitlement questions and answers here.

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  1. Wow, great column by Malkin. She nailed it.

  2. Yeah, once again Malkin says it better than I ever could.

    It is quite frightening what is going on here. Don't be fooled, yet again this is another power grab.