Politicians Are Retarded

The Bush administration asked Congress on Saturday for the power to buy $700 billion in toxic assets clogging the financial system and threatening the economy as negotiations began on the largest bailout since the Great Depression.

The rescue plan would give Washington broad authority to purchase bad mortgage-related assets from U.S. financial institutions for the next two years. It does not specify which institutions qualify or what, if anything, the government would get in return for the unprecedented infusion.

Democrats are pressing to require that the plan help more strapped borrowers stay in their homes and to condition the bailout on new limits on executive compensation.

Congressional aides and administration officials are working through the weekend to fill in the details of the proposal. The White House hoped for a deal with Congress by the time markets opened Monday; top lawmakers say they would push to enact the plan as early as the coming week.

"We're going to work with Congress to get a bill done quickly," President Bush said at the White House. Without discussing specifics, he said, "This is a big package because it was a big problem."

The proposal is a mere three pages long, but it gives sweeping powers to the government to dispense gigantic sums of taxpayer dollars in a program that would be sheltered from court review.

"It's a rather brief bill with a lot of money," said Sen. Chris Dodd, D-Conn., the Banking Committee chairman. "We understand the importance of the anticipation in the markets, but we also know that what we're doing is going to have consequences for decades to come. There's not a second act to this—we've got to get this right."

Lawmakers digesting the eye-popping cost and searching for specifics voiced concerns that the proposal offers no help for struggling homeowners or safeguards for taxpayers' money.

The government must bail out the financial system "because if we don't, it will have a tremendous impact on American consumers, homeowners, taxpayers and the rest," House Speaker Nancy Pelosi, D-Calif., said in San Francisco.

But, she added, "We cannot deal with this unless this bailout helps families stay in their homes."

They don't deserve to stay in their FUCKING HOMES NANCY!  Jesus you are one of the dumbest politicians I have every seen in my entire life.  You want the government to bail these companies out?  Fine, but I want assets for my money.  I want people to either pay their mortgage, like the promised when they bought the place, or I want to become part owner of the home I'M PAYING FOR!

$700 billion dollars is $2,300 for every man, woman, and child in America.  Can any of you afford an additional $200 a month in expenses per person in your home?

Let these people fail.  Let these people who bought homes sell them and move out into an apartment.  This is a bullshit idea, and it's only a bandaid for a bigger problem.  What are we getting for our money?  What consequences are these lenders and homeowners facing for their bad business decisions?  "Too big to fail" means "too big to exist".  I'm sick of paying for everyone else.  I pay my fair share, plus more.  I pay taxes that some of you may never pay.  I pay more in taxes then my neighbor makes in a year.  Where's my "bail out"?

When is Nancy going to care about making MY MORTGAGE PAYMENT?  Heads up politicians:  Every, single one of you that votes for this is going to be publicly outed by me and I will vote against any one who votes for this.  You vote for this, you obviously have no brain in your head and you are not fit to lead.

We'll start at the top:  Nancy Pelosi, Harry Reid, and anyone, including Republicans, else.

 

Travis

travis@rightwinglunatic.com