Foreclosure Fantasy Folderol


The conservative Republican ideology for this 1st decade of the new millennium (during which they led the world into two holy wars, bankrupted a nation and linked radical fundamentalist Christianity to governing) is boiled down to 11 words, “screw you, I got mine, grow up and stop your whining!” is now spinning dangerously out of control.

CNBC’s tone deaf and decaf deprived Mercantile Exchange editor Rick Santelli stood on the trading floor and declared his own Chicago Tea Party, because he was one of the fittest to survive the economic meltdown, railed against the Obama foreclosure bailout program. His right wing bleating ditto heads on talk radio and in the blogosphere dutifully followed and we had 36-hours of true media crazy. I took the kids to the zoo, it was better for everyone’s blood pressure.

A man who earns millions commentating and trading stood there telling those who have experienced the living hell of a property foreclosure and/or bankruptcy to “grow up” because he was part of the 92% that paid his mortgage and why should he or we pay for someone else’s problem!

That is the true American Way I rejected when I left because no one with a shred of common decency ever got the microphone and said, “hey, what are we doing to help our neighbours in need.” Say what you want about regulated and socialistic Europe, but they take care of their own. National healthcare, benefits when down and a safety net when needed. Instead, in the USA, it’s a complete net-free high wire act zone.

This clown would rather have row upon row of empty foreclosed houses next to his destroying his own property’s value to demonstrate how morally disciplined and superior he was to those suffering. The epitome of the last 20 years, get yours at any cost and it made me ill.

I moved to Europe 12-years ago and rebuilt a much simpler life after being shattered by bitter divorce and a foreclosure I should have seen coming (despite dutifully paying $4,000 per month in cash and benefits found it inconceivable the ex would just stop paying the mortgage AND run up $85,000 in credit card debt). What Santelli misses is that behind every one of those foreclosure stories lays a personal tragedy of proportions one cannot imagine. I celebrate the resilience of those who come back. The right just piles on the pain and disdain.

It’s easy to label every person experiencing a foreclosure “lazy, irresponsible or stupid.” That’s also the American Way, opinions are like assholes everybody has one and in true Palinesque fashion, if there is an open microphone, blog comment page or radio call-in – “fire-in-the-hole!”

Name-calling, bloviating, soap box speeches do well Sunday morning at Speaker’s corner in London’s Marble Arch… they fall woefully short though when you are forced to watch people sit at real kitchen table in abject terror trying to figure out what to do when their own American Dream dies.

Suze Orman made it sound all oh sooooo easy on NBC telling everyone to have an emergency fund of at least 8-months salary. That horse has already left the barn yet you make millions on books and commentating (is there a pattern here?) and so it does not touch you directly.

Rick Santelli was your Italian Jewish mother, piling on the guilt and chastising every person who already felt like crap and now forced to live out of car labelling them stupid for “building an extra bathroom!” How many people ended their lives within the hour of this broadcast? Should he not be held criminally responsible for the being the last straw, because he won’t take any moral or personal responsibility for that.

President Obama stepped into a cesspit that war profiteers and orgy traders like Santelli created and ended the party. He is the responsible adult walking into a teenage party filled with alcohol, bongs and kids using every bed upstairs. He sent everyone home in a taxi, calling their parents to meet their kids and talk to them (yesterday he told America’s Mayors that tim Bill money needs to be spent smartly) and is trying to bring order, adult supervision and common sense to end two decades worth of an orgy of greed and avarice. For this these goons have an open licence to incite racial hatred and revolution?

How crazy is crazy?

Republican Governors refuse federal bailout funds depriving their states instead of needed services to make a political ideological point?

Rush Limbaugh is called out by conservative Christian preacher Pat Robertson for hoping President Obama fails?

On the campaign trail McCain supporters at a Sarah Palin rally yell “terrorist” and “kill him” about Obama?

Newly minted Republican National Committee Chairman Michael Steele, facing startling ethics problems and as the only elected leader of the party (funny how he along with one other candidate for the leadership position and two other delegates were the only blacks in the room) will try to re-make the party into a hip-hop style to woo young ethnic voters?

The only person making sense the last 36-hours was former DNC Chairman Howard Dean who said the Republican Party has yet to get the message in Washington that voters sent Barack Obama to Washington because they are tired and want him to change the tone. The reason Republican governors are bucking their party and accepting the Stim Bill is they are accountable and have to get something done beyond fomenting hatred and hot air.

When Alan Keyes, a man who has failed to win any seat in any of the three presidential and two senate races he has run and whom Obama defeated for his Senate seat 70-27% in 2004, now calls President Obama a radical communist who will destroy the country and declares war on behalf the lunatics are truly running this asylum.

Wow, 1-month to the day since he was sworn in. He must really have people scared the party is over. Well done Mr. President!

Denis G Campbell View more

Denis G Campbell
Denis G. Campbell is founder and editor of UK Progressive magazine and co-host of The Three Muckrakers podcast. He is the author of 7 books and provides Americas, EU and Middle Eastern commentary to the BBC, itv, Al Jazeera English, CNN, CRI, MSNBC and others. He is CEO of Monknash Media and a principal with B2E Consulting in London. You can follow him on Twitter @UKProgressive and on Facebook.

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