Today CNBC's Rick Santelli had some strong words about President Obama's new housing plan. Santelli suggested creating a Web site to let Americans vote on the plan and here was his idea:
"...to have people vote on the internet as a referendum to see if we really want to subsidize the loser's mortgages or would we like to at least buy cars and buy houses in foreclosure and give them to people that might have a chance to actually prosper down the road and reward people that can carry the water instead of drink the water…"
Broadcasting from a trading floor in Chicago, most traders around Santelli cheered.
While Rick will be on our show live Friday morning to further discuss, we asked the question "Is the government promoting bad behavior?"on Twitter and here are a few responses:
@mommyswishlist: @todayshow YES. that is like giving your toddler a cookie for whackin' his brother over the head with his sippee cup.
@alstevens: @todayshow You have to wonder if there isn't a fringe group of people who will fail just to get the help, so yes.
@sglane: @todayshow the gov't has promoted bad behavior on Wall Street already with deregulation over the years. Why stop there?
@kevinpious: @todayshow I don't know if it's promoting bad behavior, but it is reducing the consequences of it. Frustrates someone who pays their bills
@pieceofschmidt: @todayshow I totally agree with Mr. Santelli - it's irresponsible to condone and encourage the behaviors that got us into this mess...
No comments:
Post a Comment