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They just can’t leave CNBC’s Rick Santelli alone, can they?

At today’s Senate Banking Committee hearing, Ben Bernanke answered Senator Evan Bayh’s (D. In.) reference to Rick Santelli’s criticism of this bailout package rewarding bad behavior, with the following parable about “Fire, and saving the neighborhood”…

“If you lived in a closely grouped neighborhood of wood houses… and your neighbor fell asleep while smoking, and burned down his house… would you not want the fire department to come and put out the fire, so your house doesn’t burn down too?”

That’s not a legitimate comparison.

What this bailout and stimulus package is doing, is this…

It’s sending the fire department to put out the fire, but then raising your property taxes to pay for rebuilding and remodeling your neighbor’s burned out house …then giving him a stimulus check so he can buy more cigarette’s… and then offering him a “success fee” of $1000 per year, for the next five years… if he doesn’t do it again.

Now that’s a legitimate comparison.

And that, just like this stimulus and bailout package, is rewarding bad behavior.

Some truth did come out of today’s Senate Committee hearing. Senator Bob Corker (R Tn.) figured out all of Bernanke’s smoke & mirror double speak and spoke the truth…

“This is a policy of creeping nationalization… where we’re creating dead man walking… zombie banks.”

Finally, someone gets it and is willing to tell the American people the truth!

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