"I think that dissatisfaction is cyclical, and if the economy snaps back into shape Americans will happily go back to being myopic consumers maxxing out our credit cards and ignoring DC and the rest of the world as much as possible." - RCade
I disagree, as the government is requesting more and more control and becomes more intrusive in our lives the more we will care about what happens in DC. From housing, education and healthcare....
When I read the following article, I was not surprised but saddened by the intrusion of the government when people asked for help. Ignore the Obama bashing, but understand, if this is a true situation. It is facist in nature. It also explains why so many people have refused these "loans", they don't want the government intruding into thier lives.
"I figured that I'd go ahead and get the Obama loan'" Dave told me as he explained the difficulty he had with his mortgage. By "Obama loan," he was referring to the "Making Home Affordable" program, the Obama Administration's effort to prevent home foreclosures and to "help" those who have difficulty keeping up with their loan payments.
The program enabled Dave to get his house re-financed, which in turn lowered his monthly payment amount. But for all the good that the program provided, there were strings attached.
Dave's credit score was dramatically lowered in the process. Then, because of his lower credit score, two of his charge card accounts were cancelled. And now, so Dave told me, "the feds" (I presume by this he meant employees of the U.S. Department of the Treasury) monitor his checking and savings accounts, to make sure that he maintains a certain "minimum balance," while also ensuring that he does not exceed a certain "maximum balance."
townhall.com