Mortgage Bailout

Today, President Obama set forth his proposed bailout for those who overextended themselves when buying a home (Incedentally, this was encouraged by the government since the days of Clinton). It appears the banks will take it on the chin thus negating the loans given by the government a few weeks ago so they will need more loans. The 30% mortgage payment to income ratio will be the stallward of the plan and will allow all taxpayers to participate in paying for other peoples excesses, even those who have bought $1 million dollar homes and own boats, luxury cars, etc.

This is furthering the hold the government has on these people thus moving the USA away from it's Constitutional form of government, a Republic.