Except from 1994 through 2006, both Houses of Congress were controlled by our party. Yes, I recognize that we lacked the votes to defeat a filibuster in the Senate, but that should not have stopped the House from passing reform legislation and the President from using the bully pulpit to pressure the Senate to act. As conservatives, we often preach the importance of taking responsibility for our own behavior. In this particular situation, our Rebublican representatives in Washington are as guilty as the RATS. No wonder they have a 9% approval rating.
THe real heart of the issue isn’t bailing out the little guys who have mortgages on homes that were overpriced to begin with and now can’t make the payments. Apparently the legislation that provided 300 billion for this has already passed months ago. Now they want us to bail out the folks who bought the risk from the banks and were “so smart” because they got such a great return on their investment for what they “wink wink nod nod” thought was a no risk bet because Uncle Sam would stand behing those loans. Yeah the Repubs didn’t even try to stop this and many got sucked along with the “now everyone can own their own home” (I distinctly remember even Bush saying this early on and yeah Repubs occaisionally get sucked up in the Global warming crapola as well but it was Clinton and the libs that insisted that all the laws that required banks to make these bad loans be made. The banks may have thought they were being pretty shrewd selling these “complicated tools” in getting rid of the risk but what they sold were bets and now the folks who made those bets have lost. Sorry, that is just the way I see it. There should be a lot of nice homes in the Hamptons and great deals on yachts in the near future. Good. I will be damned if I see my good tax dollars going to keep some “Really Smart Guy” in his mansion and yacht and I will join the pitchforks and rope crew to host politicians who think they can pull these shenanigans