Any way you look at this ridiculous bill, it’s a bunch of horse crap. Why in the world should the taxpayer’s of the USA bail out people who bought a home and it didn’t turn out the way they expected? There is no precedent for passing this bill. Other than bleeding-heart idiots like Barney Frank (who couldn’t hit himself in the butt with both hands) and his socialist cohorts who are pushing this legislation, what kind of responsible politician would vote for this foolishness? I don’t personally know one person who is for this bill. At least Bush (whom I have little regard for) has come out against it and says that he will veto the bill. Whether he will follow through with his threat is another matter. I don’t think the bleeding-heart, giveaway artists in Congress can muster enough votes to override a Bush veto…….but who knows? It IS an election year and that can make politicians act dumber than they normally act.
If this passes, many of the people that get rescued will still default because their houses will continue to go down in value for several more years and probably not recover any appreciation for another 12-20 years. And thanks to Barney & Friends, the taxpayer will foot the bill because the Federal Govt is going to guarantee the loans. This is our government at it’s worst and the poster child for irresponsibility.
