Mortgage Strike To Protest Paulson $700 Billion Theft

One patrick.net reader suggested a simple antidote to Treasury Secretary Paulson’s proposed theft of $700 billion from taxpayers: a mortgage strike. Since Paulson is trying to steal more than $5,000 from every taxpayer and give it to the banks that blew all their money on bad mortgages, the obvious response from each mortgage-holding taxpayer should be a refusal to pay at least $5,000 of their mortgage. Such a mortgage strike should start exactly when Paulson’s $700 billion theft starts, and should continue until his theft is exactly nullified. The banks that wasted their money should fail. Customer accounts should be protected up to the promised FDIC limit of $100,000 per account, but there is no public obligation to protect foolish bankers from their own mistakes. If Paulson’s theft passes Congress in the face of nearly unanimous public shock and disapproval, then it is clear that representative democracy has failed and the strike is justified. Such a failure of representative democracy would also mean that it is time to ammend the Constitution to entirely eliminate our corruptable Congress and establish direct democracy, with web-based, non-anonymous, verifiable voting by the public on all legislation. We do not need representatives who do not represent us. Patrick