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Ed Driscoll

In Soviet America, Contract Walks Away From You!

November 8th, 2013 - 1:41 pm

Shot:

MSNBC afternoon host Dylan Ratigan took to the ramparts of The Huffington Post on Thursday and urged home owners to stop paying their mortgages as a leftist protest against a government too cozy with the bankers. The title was “They Keep Stealing — Why Keep Paying?” The crisis was all Wall Street’s fault, and now they’re back to paying themselves bonuses after a federal bailout. So stop paying them. (Notice Ratigan doesn’t suggest you protest Washington and TARP by refusing to pay your taxes.) This piece sounds like a direct-mail letter:

You didn’t cause this mess. They did.

Now you are struggling to make the same payments on this mortgage on your now overpriced home even in light of a crashing economy and massive deflation, all while the government does everything in its power to help Wall St. keep the bonuses coming.

Well, it is becoming time to take matters into your own hands… I suggest that you call your lender and tell them if they don’t lower you mortgage by at least 20%, you are walking away. And if they don’t agree, you need to consider walking away.

It probably doesn’t feel right to you.

That is because you probably are a good person. But your mortgage is a business deal, and it is not immoral to walk away from a business deal unless you went in to the deal with the intention of defaulting.

— Transcription by Tim Graham of Newsbusters, which I linked to in June of 2010, under the headline of “GE Spokesman Says Don’t Pay Your Loan With GE!”, since General Electric, which at the time owned MSNBC, is also in the business of personal and commercial loans, and at least overseas, mortgages as well.

Chaser:

dylan_rattigan_obamacare_victim_11-8-13

I’m sure Mr. Obama doesn’t consider himself immoral for walking away from his repeated promises (aka “effectual truth”) that Americans could keep their contracts with insurance companies, particularly since, as he is wont to say, sin is “Being out of alignment with my values,” and Mr. Obama’s highest value is advancing whatever forms of leftism Mr. Obama values at that current moment.

Or as Allahpundit writes, “Welcome to utopia, Dylan.”

Comments are closed.

All Comments   (8)
All Comments   (8)
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A better protest against both the banks and the government is to simply pay cash to local small businesses. Pay for home repairs, car maintenance, bar tabs, or tip you waiter in cash and neither the credit card company nor the government get to automatically skim off the top. More money stays local rather than feeding our Capitol of Panem.
36 weeks ago
36 weeks ago Link To Comment
While it will take a little time, eventually Leftists will have a talking point that explains how the consequences of ObamaCare are the fault of some opponent. Then they will persecute that opponent into oblivion.

It is impossible for those on The Right to underestimate the ability of those on The Left to ignore reality. Ignoring reality is the fundamental requirement to be on The Left. Anorexics and addicts will not eventually experience so much reality that they change. The most likely outcome is they will ignore reality until the consequences of their plans force us to change.

The Left will simply use more and more coersion as popular support dwindles. They will not change. Stop sitting and waiting, that is how our side contributes to national failure.
36 weeks ago
36 weeks ago Link To Comment
Well, I rather agree with the sentiment because I see the banksters as that big a past, present and future problem. A mass protest of that sort is a POLITICAL act, not an economic one. It might actually work, one way or another. Or not. I would just point out, on the basis of this logic, the first shot was fired by the banksters. It has already happened, it is not hypothetical and it caused damage then and continues to cause damage now. So it is just a question now of whether a return shot would hit the target or not. I have no moral qualms about firing back otherwise.
36 weeks ago
36 weeks ago Link To Comment
He should feel lucky. He can't be denied insurance for his pre-existing condition called Leftism, which is clearly a mental disease.
36 weeks ago
36 weeks ago Link To Comment
Um, Dylan? Dude? You DO know that Dems have been running the gov't for the last 5 years, right? Right? Hello?
36 weeks ago
36 weeks ago Link To Comment
I wish Ratigan's premiums had gone up to $6,000 per month, instead of $600. The leftist's dishonest and deceitful support for Obamacare helped foist it on the rest of us.
36 weeks ago
36 weeks ago Link To Comment
Ratigan a racist 'Bagger? Who knew?
36 weeks ago
36 weeks ago Link To Comment
Who?
36 weeks ago
36 weeks ago Link To Comment
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