Posted on 09/25/2008 7:21:27 PM PDT by KCengineer
Sweet!! Can I borrow that?
Yeah, did you hear the “neutron bombs” aired on Limbaugh? Too funny!
Well, I didn't see these other threads so I appreciate KCengineer posting this one.
I’m not really surprised. They get bolder and bolder. Government has grown so massive and entrenched over the last century. I mean look at where we are. We’re talking about bailing out companies with $700B paid with either tax payer dollars or printing money.
Lindsey Graham was on Fox with Greta and said there will be no deal with Acorn getting money in the original proposal. We will fight against that.
To hell with that!!!
ACORN is a criminal enterprise! ACORN had better not get one dime!
I had feared this proposal. The rats are trying to destroy the mortgage market. If lenders cannot be assured about loan collaterol, the lending market will collapse. Perhaps that is the goal of the rats. They want to control the mortgage market just like the student loan market.
The two markets are looking very similar. Students get subsidized loans. Interest is subsidized until graduation and then kept artificially low. After graduation, payment schedules are contingent upon earning capacity. Government employees can get their student loan debt forgiven after 10 years. With the bailout bill passed in July, first time home buyers qualify for a $7,500 refundable tax credit. The credit is an interest free loan payable over 15 years. Now the rats want to allow anyone to get their home loan renegotiated by the courts.
No bailout is better than a bailout with these terms. This bill will be the end of the mortgage market as we know it.
THIS IS CRAZY!
If we DON'T, THE WHEELS ARE REALLY GONNA COME OFF!!
BLOOD IN THE STREETS, VULTURES TEARING OUR CHILLUNS' FLESH!!
What's a few billion to ACORN matter as long as we DODGE THE CATASTROPHE!!!
/sarc
I heard that- I’m still jaw-dropped.
Acorn. ACORN. WTH???????
LINDSEY: He’s working the phones tyring to find a way forward that would protect the taxpayer...and this deal that’s on the table now is not a very good deal...20% of the money that should go to retired debt that will be created to solve this problem winds up in the housing organization called ACORN that is an absolute ill-run enterprise. And I can’t believe that we would take money away from debt retirement to put it in a housing program that doesn’t work.
Certainly. Use it. Spread it. The truth belongs to no single person.
We get the government we deserve. Sucks don’t it?
Revolution.
Me too. And I mean it literally as well.
“Why are the Democrats so fond of the Marxists at ACORN?”
ACORN is a group of “community organizers”, so they get extra respect. They are sort of like governors, but with no schedule or accountability.
Haha I guarantee that will be the reaction of some.
Housing Bailout Bill Includes Millions for ACORN, National Council of La Raza
The housing package signed into law by President Bush extends an unlimited line of credit to troubled mortgage giants Freddie Mac and Fannie Mae and rescues homeowners near or in foreclosure. The measure also increases the federal debt limit by another $800 billion and sends millions of dollars in aid to [the National Council of La Raza] and the Association of Community Organizations for Reform Now, or ACORN.
Representative Michele Bachmann (R-Minnesota), a member of the House Financial Services Committee, says she finds it unconscionable that the legislation included funding for the two groups, which serve as political action arms of the Democratic Party.
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