Question for Mortgage owners

Suppose you have a 750 FICO. You're been prudent with your money all you life. You have never had a late bill. You live within your means. When you bought a house , you got a fixed rate mortgage at say, 6.15%. You also bought a house you could comfortably afford. You could have afforded more, but you bought wih an eye on not spending every penny you make on a house.

Your neighbor has a 550 FICO. He has been a deadbeat all his life, never pays bills on time. Collection agencies know him quite well. He got an adjustable mortgage with an intro at 2.9% which will reset to 9% in 2 years. He bought a better nicer house than you since at 2.9% he can afford more. He knew fully well he could never afford the 9% reset but didn't care. Remember, for him not paying his bills comes as second nature. And during those two years with the extra money, he went out and bought a new boat and a new Hummer.

Now thanks to the Worst President Ever, your neighbor gets a better mortgage rate than you for the life of the loan. Jorge's bailout (which he swore up and down would not take place in August) now sets the 2.9% rate for life. And yes it is for the life. This 5 year freeze is a load of shit. What does Jorge think will happen in 5 years from now? The deadbeats that can't afford the payment today will magically be able to afford it? Yeah right. Try again Jorge. In 5 years President Hillary will extend the 5 years for another 5 years. And 10 years from now President Hillary will extend it again. No I didn't do the math wrong, President Hillary will be around for a looooong time. Why should she worry about a pesky think like the 22nd Amendment. Remember in the view of leftists the constitution is evolving all the time and obviously it will need to evolve so she can reign for decades. But I digress....

The Worst President Ever has just rewarded your neighbor for being a deadbeat with a lower mortgage rate than yours. This is new America. An American where being considered subprime is now a good thing. An America where a subprime bailout is cheered as compassionate conservatism.

The new America where:

white is black,

up is down,

illegal alien is undocumented victim,

and now,

deadbeats get lower mortgage rates than those with stellar credit.

So my question to those of you who fall into the non-deadbeat category is this: does it hurt in the morning? If you aren't angry you aren't paying attention.