The Asian Conservative

Rick Santelli, vocal Squawk Box contributor on CNBC, voiced his opinion on the proposed mortgage bailout and it’s grown legs and has been running a marathon around the internet this past week.  Rick brings up some very key points in his “rant” and he speaks for many “in the shadows” and I’m not talking about illegal immigrants.  The biggest key to his argument is fairness.  Fairness, in my opinion, will never exist in a society as diverse as the United States.  Not everyone IS the same and, therefore, not everyone will HAVE the same.  The United States was built on a premise that it rewards it’s citizens for hard work, and it gives EVERYONE a FAIR opportunity to make something of themselves.  It’s the citizen’s self motivation that determines his/her success.  Santelli is voicing his opinion on Obama’s plan to help the “losers” in the mortgage game.  The current administration is planning on giving relief to those that are behind on their mortgages.  Where does this leave the mortgage holder’s that are current?  According to Obama, if we pull the people that are behind out, it will help everyone.  Hmmm… that sounds familiar (do the “Joe the Plumber” comments ring a bell)?  In the end, the bottom line to this whole argument is… Why are we rewarding bad behavior?”  With all these bailout’s there are strings attached.  That’s what the people have to watch for.  Everytime the government gives us a hand-out, the cost is generally a little bit of our freedom.

-CN

Here are the clips in chronological order. As always…Enjoy!




chris Economics, People Fairness, mortgage, mortgage bailout, Pork, rant, Rick Santelli