As a fiscal conservative, I have to say Rick Santelli’s rant on CNBC was one of the more entertaining rants I have seen in a while. Of course, he will be demonized, made fun of, and otherwise marginalized in the national media for days. Some may question his methods, or disagree with his message, but you have to admire the guy for speaking his mind – something not enough people do these days.
There are a number of posts floating around on the stimulus package – I mean the latest one. Sad that we have to now identify which billion-dollar stimulus package we are referring to. Are you referring to the $700 billion bank bailout? No. Was it the $787 billion “stimulus” bill rammed through Congress? No, not that one either. Oh, you mean the latest $85 billion mortgage bailout? Geez. This is getting ridiculous. OK, enough of that. Any more and this will turn into a rant, too! Here are a few “stimulating” articles to check out.
- Obama’s Foreclosure Bailout Plan: Should There Be Help For Homeowners? Yes, there should be help for homeowners. It should come in the form of a moratorium on income taxes to put more money in the pocket of the homeowner so they can afford to catch up on their mortgage. I have no faith in a government-led plan to spend their way out of this. (@The Digerati Life)
- Economic Stimulus Plan: How Will It Help Your Personal Finances? “Most people will start to see around $13 a week in their paychecks as part of the new tax credit.” Yes! That extra $52 a month will definitely solve everyone’s debt and mortgage problems. Too bad my kids and grandkids will be paying it back the rest of their lives. (@Yielding Wealth)
- Summary Text Of Final Stimulus Appropriations Package I had to include this one because the source David quoted finished off its reporting on the stimulus package with, “There are no earmarks in this bill.” Ha! Did they not get past the cover page? (@My Two Dollars)