I've been a staunch Bush boy all the way.... but now... my respect is waning... Not because of anything the shortsighted socialists complain about... It's the completely crazy thing with the housing bill and the push from the Treasury Dept to 'takeover' the free market and nationalize it!!! THIS IS WRONG! This is the most SOCIALIST/COMMUNIST action ever taken by our government next to the 'New Deal'!
The government is rewarding bad behavior and penalizing good behavior!
Here's the scene: a Corporation loans money to people who have no business in a loan... they don't have the 'score' they don't have the means.. they don't have the discipline... BAD BEHAVIOR on the Corporation's part... bad behavior on the borrower's part and the government is going to pass the consequences of these BAD BEHAVIORS to who?... Those who have BEHAVED... The responsible middle class tax payer...and remember the presentation on government spending from the 7/1/08 post. Why won't they just let the market purge bad behavior! Weak, Weak those who should not be.
We should storm the Capital building and dismiss them handily.