Skip to main content

Candidate Huckabee on the... (Mortgage Industry)

If I were to vote for a Republican, which would be a far cry from possible to begin with, my support wouldn't be for Mike Huckabee. Ironically, it wouldn't have anything to do with religion. It's the mortgage issue.

Now, he says in response to a question about how we can help solve this mortage/foreclosure situation - solution isn't to "bail out" anyone. I agree. That shouldn't be. But he says "the market will correct itself." So, therefore we don't need any more regulation. Top that point with not helping "bail anyone out," and his suggestion to support President Bush's move to prolong terms so people can pay their own mortgages by refinancing. He tries to push this whole thing off on the idea that "people who go through painless foreclosures weren't smart about their decisions and it's not anyone else's fault." You know - give the guy without a job more time to not have the money to pay off his mortgage. It's the welfare argument - "you, responsible, mortgage-paying homeowner shouldn't have to pay for your own house and the one owned by the guy down the street who bought a too big house and couldn't afford it.

"Are you kidding? We need to make lenders educate homebuyers and at least do an honest job in selling mortgages and helping buyers understand the full real-world picture of taxes and what they can afford. Unfortunately, it's our job to do this. But most don't. And the lenders and builders have the flexibility to exploit that for more money in their own pockets. That's where the government must come in. Regulate this industry, so that if they deviate they get hit where it hurts - in the pocketbook. Educating homebuyers is a good thing all around, for communities, the economy, the builders and lenders who need future business.Huckabee, I feel you're off on this one. Can't say anything else about your campaign or views, but this one is just offbase. Maybe he doesn't understand the issue, and is only addressing the broad, overview question of "bailing out." Regardless, the response just makes me uneasy, and just doesn't cut it. Not close. Sorry, bud. You lose in my book on this one.

Comments

Popular posts from this blog

Welcome to the End of the World?

Well, did anyone think this is what 2020 would look like? Global pandemic and worldwide public health emergency, everything shutting down and a potential economic collapse on the horizon. Holy fuck. ' A "Pandemic (in Quarantine) Playlist on my Spotify is now a thing, and my own remote worklife now in its 8th year has taken on an eeerie new spin. As are my watchlists full of dystopian and post-apocalyptic TVs and movies for streaming in these strange times. All of my work travel and conferences for the spring have been nixed, and we're all watching closely to see what the impact may be for summer events. What about my "underlying health condition" that is type 1 diabetes? So far, so good. No signs of anything astray. As I've shared over on DiabetesMine, I have been using the Tandem t:slim X2 device since mid-October 2019. That followed three-and-a-half years of Multiple Daily Dosing with pens and Afrezza inhaled insulin insulin. I starte...

A Writer's Pen

A writer carries a pen. That is the way it is. For as long as I recall, that's how it has been. Moments have appeared, of course, where that vow failed. Where I did not have a pen to write with. Where the pen was in my hand, but it didn't write. Moments in history are marked by the written word. Journalists know and live this truth*.... ( yes, truth matters. Facts matter. Alternate versions of both do not **.) ... [ the fact that we have to emphasize this in 2020-21 is ridiculous, but the reality exists ]. I carry a pen. Because I'm a writer. Because the written word matters. Because facts and details matter. Context is everything. Painting a picture with my words is what I've done, professionally and personally, for so long. Words have painted a picture, opened a portal into the heart and mind. I've read what others have written with their own pens, even if those pens aren't physical but mental and those words have materialized from digital tools. The idea of w...

Flapping the Gums

No time for my chatty-typing fingers to engage you today. I'm off to the dentist's office for a dreaded appointment. Thanks to the wonders of D-enduced periodontal disease, this should be a visit full of poking, prodding, pain, and likely some bleeding. Great times. Not looking forward to this visit. Or the next more painful one. I see soup in my future. Maybe Easy Mac. But, I digress. That's all fodder for a future blog post. In the meantime today, talk amongst yourselves. Flap those online gums in the blogging world. And remember to brush and floss.