A Blog Dedicated to Freedom, Liberty and the Rights of Man

What Kind of Idiot Bulldozes His Home?

Apparently, Terry Hoskins does...click the link to see a video of the man bulldozing his home.   Below is my take on this issue.

Hoskins claims that the house is worth $350,000 and is owed $160,000 on his note.  If that was true, he would have been able to sell the house for a profit.  If he couldn't sell it for $350,000, it's not worth $350,000!

He says he had an offer for $170,000, which would have satisfied the note, but the evil bank turned it down, saying they could get more at auction.  The bank is probably right; don't forget, the bank owns the home, by virtue of the lien called the mortgage, which this guy signed.  A deal is a deal.  What happened to honoring contracts?  Is there any evidence that the bank did something wrong?  I didn't see any in that article.  If the bank engaged in predatory, unfair, unethical or illegal practices, that would be a different story.  Most likely, this guy decided not to pay his note.  The bank then foreclosed.  That's the deal.

Now, this fool decides he's going to bulldoze his home, in some sort of scorched earth maneuver.  Congratulations - now, instead of owing the bank $160,000, you're going to owe the amount that they would have gotten at auction! 

Read the fine print of your note and mortgage - you promised not to do anything to damage the premises.  Instead of using a legal maneuver to delay the foreclosure sale, and sell it to recover as much money as possible, this guy decided to destroy something he didn't own...brilliant!

Contract law is such a basic element of society.  If we do not honor our contracts, society is in trouble.  Contract law is so important that our Founding Fathers put the following in the Constitution:

No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility. [emphasis added].

An honorable person lives up to his end of the bargain, or, if he does not, must accept the consequences for the breach, which would be to turn the asset (house) over to the bank.  Congratulations, Terry - you now owe the bank some serious cash.   Maybe you'll get some book deal with a nice advance, which you can use to pay off what you bulldozed.

 

With All Due Respect to Executive Powers...

Let's say, in a perfect world, I'm in charge of teaching our elected officials how they are supposed to perform their duties...The first thing I'd tell a President, such as OBAMA! or G.W. Bush, is that the Executive Order is not to be used to abrogate Congressional or Judicial Authority!  We The People do not elect an all-pwerful dictator for four years.

The President is an executive, similar to a CEO, who is to act on the authority granted to him by Congress.  As we all used to learn back in school, the Congress makes the laws, the President and Executive Branch enforces the laws; and the Judiciary interprets the laws.  All of the branches must operate within the Constitution.  These are the rules that We The People set down.  The People are the sovereign of the Federal Government, not the states, not the cities, not Obama, not Bush, not Clinton.

Now, when someone comes along like President Barack OBAMA! and says "with all due respect to separation of powers..." what he is really saying is, "Piss off, Justices Alito, Thomas, Scalia, Kennedy and Roberts; I want something done my way and to hell with your interpretation, even if my way is unconstitutional."

To hell with the Constitution, right?  Am I overreaction?  Hardly.  OBAMA! is making plans to use executive orders to advance his priorities in energy, fiscal and environmental areas, according to The New York Times .  Where are the checks and balances? 

“We are reviewing a list of presidential executive orders and directives to get the job done across a front of issues,” said Rahm Emmanuel the White House chief of staff.  That's a big F-U to the people - they can't get their legistlation through Congress, so they'll just do it themselves.

I didn't see that in the Constitution.

Bill Clinton Hospitalized

Best wishes to 42...thank God we have such a great private health care system...

SILENCE, TEBOW!

A typical leftist maneuver - rather than counter someone's rational belief with an argument based on facts and reason, they move to silence speech.  It's a good thing that CBS (shockingly) had the good sense to run the Tim and Pam Tebow ad for Focusonthefamily.com. 

If the far left is so opposed to the Tebows' beliefs, they should articulate why their position is superior, or more morally sound...unless that's not possible...

As radio host Michael Savage has so eloquently put it in the past, what happened to the true, classical liberal who would say "I may disagree with what you say, but I will defend your right to say it to the death"?

Now, the mantra of the neo-liberal is "shut up and do as we say."

In truth, the Libertarian is the classical liberal and today's neo-liberal is some derivative of a Marxist/Trotskyite/Statist.