America Quote by Rick Santelli
“The government is promoting bad behavior... do we really want to subsidize the losers' mortgages... This is America! How many of you people want to pay for your neighbor's mortgage? President Obama are you listening? How about we all stop paying our mortgage! It's a moral hazard”
About This Quote
He criticizes government subsidies for mortgages, calling it a moral hazard and urging people to stop paying.
In simple terms: He sees mortgage subsidies as unfair and risky.
Question the fairness of public bailouts.
Themes
Mood
Type
When to use this quote
- political commentary
- public discourse
- policy debate
Key Concepts
Questions to Reflect On
- How do subsidies affect market behavior?
- What alternatives exist for helping homeowners?
May ignore systemic housing issues.