Guess What You Paid For - The Final Frontier

With none of the fanfare that usually attends a landmark bill becoming law, President Bush signed the huge housing rescue bill just after 7 a.m. Wednesday.

With none of the fanfare that usually attends a landmark bill becoming law, President Bush signed the huge housing rescue bill just after 7 a.m. Wednesday, shortly after he arrived in the Oval Office.

Only a few aides and administration officials were present, including Secretary of Housing and Urban Development Steve Preston and James B. Lockhart III, the director of the Federal Housing Finance Agency.

The White House announced the signing by e-mail moments later.
The bill, the biggest overhaul of housing law in decades, provides a lifeline for an estimated 400,000 homeowners facing foreclosure, and provides assurances to the mortgage giants Fannie Mae and Freddie Mac, whose books are loaded with bad mortgages.

$300 BILLION dollars.  That's what this is going to cost.  There's about 300 million people in this country.  That's about $1,000 for every man, woman, and child in America.

This could have been a sound defeat for Democrats, but Bush decides to go down the path of least resistance, and make people like you and me pay dearly for it.

Remember when I was talking about "teaching a man to fish"?  This isn't it.  This is "giving a man a fish", on a GRAND scale.

So, when you read about how the "economy's in bad shape" it's because of people that don't take responsibility, and the enabler politicians who bail them out at the expense of hard working Americans.

If Republicans get destroyed in the elections this year, you can point to examples like this as being one of the main reasons for it.

 

Travis

travis@rightwinglunatic.com