Arnold Kling wrote the other day that he sees the “stimulus” bill as reparations, or money taken from producers and given to the Democratic Party’s favorite “consumers.” If you thought that might be a bit of a reach, check out what Michelle Malkin found in the “compromise” stimulus bill:
$50 billion more of your money made available to tax cheat/bailout failout architect Treasury Secretary Tim Geithner to force banks to do loan modifications with homeowners deep under water on their mortgages. That’s in addition to the $20 billion already allocated by the House last month for the same purposes.
Yes, my friends, you will be paying the mortgages of those who can’t (or won’t) pay them themselves. Notice that banks are being forced to engage in this fiasco, which is what got us into this pickle in the first place.
