Obama has been in office for just over a month and has already blown close to one trillion dollars. He continues to favor the "victims" of society over the taxpayers. This recent sub-prime bailout is another stimulus joke. At least 50% to 60% of these mortgage holders will default. It makes no sense delaying the inevitable. Pouring billions into this problem for people who have no money is like shopping for new furniture while your house is burning to the ground. 

Taxpayers are getting tired of these sub-prime losers on TV crying the blues over their plight. The taxpayers who did it the right way, by putting 20% down, telling the truth on their mortgage application, and  having 6 months pay put aside for an emergency are now being asked to bail out tens of thousands of  people who put nothing down on their homes, lied on their mortgage applications, and have no money in the bank. American taxpayers, welcome to Obama's VICTIM SOCIETY, a typical liberal con job. 

Rick Santelli, CNBC's "bond guru" spoke for many Americans on Thursday when he made an impassioned plea on the Chicago Mercantile Exchange. In his two minute argument, he implored Obama to stop rewarding bad behavior by bailing out people who can't afford to live in their homes any more.

In this frantic attempt to "save" people from foreclosure, these liberals seem to forget when these people "lose" their homes they should have never bought in the first place, they will not be homeless. They will just join the one-third of the American population that is currently renting. 

A message to all you liberal loons out there -- no amount of government intervention will stop the downward spiral of housing prices. Housing prices will eventually settle to market levels where people can once again afford to own them.  Thousands of the current sub-prime home owners will become renters, and thousands of the current renters will replace them as homeowners. It really is that simple.

Will there be pain? Yes. But there is pain with or without a federal bailout. Let's save a few billion dollars and stop trying to delay the inevitable.  Let the free market work. There is no law that says we have to reward individual recklessness.

What's next, a 401K bailout? Now that's an idea the taxpayers will listen to!