Hey, remember the subprime mortgage crisis? You know, that thing where thousands of ordinary Americans were facing foreclosure after big banks sold them mortgages they knew they couldn't afford and then bet against them, and Republicans blamed irresponsible Americans for buying stuff they couldn't afford and refused to support the bailout and boo socialism?*
Yeah, Republicans don't either…
The debt-plagued Republican Party of Minnesota is getting kicked out of its party headquarters near the state Capitol. Massachusetts-based Hub Properties Trust filed paperwork in Ramsey County on Wednesday to evict the state GOP for failing to pay more than $96,000 in rent over the last year.
The eviction action follows a series of revelations last winter regarding debts accrued by the party during the reign of former RPM Chairman Tony Sutton. In December, an internal review of finances revealed that the party owes $1.23 million to creditors, plus more than $700,000 in legal fees accrued during the 2010 gubernatorial recount.
Whoops! I guess Minnesota Republicans forgot to read that important pamphlet, "Don't Buy Stuff You Can't Afford" by John Q. Obvious, Ph.D. Well, at least they won't go hungry. They've got more than enough crow to eat.
If nothing else, perhaps this incident will give the state GOP some perspective on the suffering of middle-class Americans who were duped into losing their homes and savings by Wall Street banks. Haha, nope! They're just going to keep on screwing us all over to lower taxes for the rich.
* Note: This may not be an accurate description of the subprime mortgage crisis. The Wikipedia entry was very long and I fell asleep reading it.
Tags: Debt, Economy, Minnesota, Money, Republicans