Friday, March 26, 2010

Irresponsibility pays!

If you are the type of person who is careful about debt and saves for a rainy day, then the Obama administration has two words for you: tough luck. You are going to pay for those who spend freely, buy houses they cannot afford, and do not save for rainy days. The Washington Post reports:
The Obama administration plans to overhaul how it is tackling the foreclosure crisis, in part by requiring lenders to temporarily slash or eliminate monthly mortgage payments for many borrowers who are unemployed, senior officials said Thursday.
Welcome to the new world order. (Hat tip: Gateway Pundit)

The above sign was from San Francisco's April 15, 2009, tea party as was this one:

PREVIOUSLY on the subject of Obamanomics:
Obamanomics prolonging the recession
Moody's: US Aaa bond rating threatened by Obama's budget
Obamanomics illustrated II
How Dems are prolonging the recession
How Obamanomics destroys jobs
Obamanomics illustrated
Deficits: Obama goes where no man has gone before (illustration)
How to raise the standard of living
Obama's anti-intellectual economic theory
Obamanomics and the test of science
Obamacare may raise insurance costs by 54%
Harvard economist explains why Obamacare will raise premiums
HHS says Obamacare will cause costs to go up and cause employers to drop coverage

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