Yeah!!! What SHE said…
A great piece by Michelle Malkin. Hat tip to Jay Weber this morning for talking about this.
Here’s a snippet:
I don’t want to hear Republicans recycling the Blame Predatory Lenders rhetoric of Hillary Clinton, John Edwards and Jesse Jackson. Enough with the victim card. Borrowers are not all saints. There’s nothing compassionate about taking money from prudent, frugal families and using it to aid their reckless neighbors and co-workers who moved into McMansions they couldn’t afford or went crazy tapping their home equity and now find themselves underwater.
Economist Tyler Cowen points out the problem of predatory borrowing — something you never hear politicians spotlight. He notes, “As much as 70 percent of recent early payment defaults had fraudulent misrepresentations on their original loan applications,” according to research on more than three million loans done by BasePoint Analytics……….
My candidate is Fred Thompson but he hasn’t gone as far as to say SUCK IT UP to the entitlement crowd.
Sometimes the truth hurts but hey…. Life’s Tough…. Wear A Helmet!!!!
