No Free Houses for Deadbeats

Both McCain and Obama want to give away free houses to deadbeats who won't pay their mortgage in a crazy attempt to prop up house prices. Not only is this unfair, it can't work. House prices must be in line with what people can afford.

What's the "War on Savings?"

The "Stimulus Package", the Wall Street Bailout, and lower interest rates are simply a tax on the few-percentage of Americans who have saved money! We're rewarding borrowing and spending and the expense of saving and investing.

The War on Savings will destroy the United States of America.

McCain Bucks

The California Republican Party made up some "Obama Bucks". The bill purported to be a foodstamp and contained pictures of fried chicken and watermelon.

Here at the War On Savings we made up some McCain Bailout Bucks. (Note! We believe that both candidates will be a disaster for the economy, but feel that Obama's plan to tax small businesses will cause double-digit unemployment)

In the second presidential debate, McCain--in a desperate attempt to buy votes in Florida--said that he'll buy out bad loans from "retirees" and cram down the principal. Remember all those folks who were telling you about how rich they're getting from their Florida condos? That's right: McCain wants to shovel money on these greedy get-rich-quickers who made stupid investments.

There's an old Groucho Marx joke from the movie The Cocoanuts. This movie was made in the aftermath of a previous Florida real-estate bubble. (Jokes about "swampland in Florida" are still in our national conscience.) Groucho was pitching condos:

You can have any kind of a home you want. You can even get stucco. Oh, how you can get stucco.

Unlike the 20s, the speculators of the 00's won't "get stucco." They'll get handouts from John McCain! And you and I: the minority of Americans who pay taxes and save money will pick up the tab.

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