Keith Olbermann Worst Rick Santelli's Rant
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We artificially rose home prices with the housing bubble because we kept giving more and more low or free houses to poor folks. We encouraged banks and lenders to give out more bad loans, and this only expanded the bubble. But we didn't let the market work.
If we let the market work, there'd be NO bubble! And if there would be, it certainly wouldn't burst with the impact it's had today. It would be a much smaller burst with stabillization not long after. Let home prices rise on their own
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The "projects", short for housing projects, were given to blacks for free, and look where they are now. High crime, rampant drug use, drug dealing, high dropout rates among teenagers, gangs, the works. High out-of-wedlock birth.
When are we gonna wake up and realize public housing IS NOT the answer?? You help these people obtain the incomes necessary to afford a mortgage, a regular one. It's much more efficient. Besides, artificially keeping home values up w/ bailouts is stupid.
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Sam Donovan needs to be fired. All HUD employees should be axed. Abolish that worthless Cabinet agency. It should be the first to go. It's nothing but a waste. Urban renewal is a joke. We shouldn't hand out houses for free. Public housing just leads to poorly kept neighborhoods.
And where was HUD when all these people back in 2005 or 2006 were having their homes taken away for eminent domain abuse? Why didn't ANYONE ever give HUD the teeth to fight those corporate assholes off?
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Keith Olbermann and the left-wingers who think santelli was being "an asshole" need to wake up. Your Infinite Compassion Doctrine for everyone and anyone poor is so absurd. If we question the poor or hold them accountable EVER, you accuse of being "insensitive" and say that we "hate the poor." If we wanna encourage responsibility among the poor, YOU say "No!" You just turn a blind eye to bad behavior if someone's poor. The welfare state is an insult and definitely not a cure for poverty.
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Keith, how about YOU get back in the real world? Even if the housing bailout isn't what Santelli says it is, isn't it still a GOOD idea not to bail out the losers? Isn't it good NOT to bail out and reward bad behavior? You're such a hypocrite, Keith.
Rather than agreeing with him, you play this double standard game. So it's ok to bail out the poor if they act stupid, but bankers should be punished? Let's punish them all! I advocate a true free market, not preferential treatment.
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God I hate Keith Olbermann. And I'm not a right-winger, either! The guy is just annoying. He bashes only conservatives and Republicans all day long (when he gets political) and never once has them on his show to try to challenge them (or challenge himself, better yet). He never confronts the people he attacks. He's just sitting behind his desk like a COWARD!
This guy is not much better than the idiots on Fox. And he has a smugness about him which makes his personality stink.
Is Keith Olbermann really brain dead, or is he just having a bad day?
dkleitsch 3 years ago 5
Keith Olbermann is an idiot. Obama is bailing out the banks!
motina10 3 years ago 5