On the impending homeowner financial relief from Obama...

There's much talk about the mortgage relief program announced by Obama. For some people, the relief is yet to come.

I have always marveled at how quick and easy an entitlement mentality sets in. Obama's mortgage relief program will probably benefit the most, those who are in the deepest sh*t now, and who shouldn't have been a homeowner in the first place. For the rest of us homeowners, we're pretty much on our own. We pay our bills, we act responsibly, and we are left to fend for ourselves. That's the way it's always been, I suppose.

Why, then, would people think it's so different this time, that the government should come to our rescue, simply because we lose our jobs and can't pay our bills? I know I sound cold-hearted. There's a human dimension to it, that every lost home comes with a story and faces behind it, that should be examined on a case-by-case basis, so that I shouldn't have made blanket statement like that. Yet, I still wonder.

In a way, I can understand some of the arguments, that since Washington is willing to open taxpayers' wallets (*our wallets*!!!) to bail out the bad banks, insurance companies and automakers who made stupid mistakes for a very very long time, so every other guy/gal on the street should be entitled to a bailout too, one way or the other.

Do I blame them? Sure, I blame the clueless banks, myopic CEOs, reckless insurance companies, complacent automakers, even union-at-all-cost labor unions. But I blame those who are expecting handouts too. In a way, the bear-it-out generations who bear the blunt of the Great Depression, and those who hold it together after World War II, are the ones whose self-reliance and resourcefulness deserve honor and respect. I'm not sure if I can say the same to alot of those who's complaining now.

Like the woman in the article, who should have had a remaining mortgage loan balance of $77k, but piled on to it until it's doubled that size during the boom time. Now in her 60s, she's laid off, couldn't make the loan payment, and she's complaining the bank refuses to modify her loan??? Ok, let's say, her loan is modified, she's bailed out this time. Economy turns around, and property prices rise again. People like this woman is going to it all over again, because you know what, the next Obama, is going to be there to bail them again. That's the kind of slippery slope you're facing now.