Saturday, October 04, 2008

The 700 Billion Dollar Cr@p Sandwich

John Boehner had it right when he called the bailout a cr@p sandwich, and Conan O'brien ('s writers) had even more right when he called it a cr@p sandwich with cheese. Let's look at this for a second, and without the liberal blinders on. This problem started in earnest in 1992 when Mister Clinton had the great idea to sell houses to low-income voters who couldn't afford them. The records are there. Here are a few links that show just what I'm talking about:

From The New York Times in 1999: Fannie Mae Eases Credit To Aid Mortgage Lending (http://query.nytimes.com/gst/fullpage.html?res=9c0DE7DB153EF933A0575AC0A96F958260&sec=&spon=&pagewanted=all) "Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people..."

From the New York Post: Alarms and Denial (http://www.nypost.com/php/pfriendly/print.php?url=http://www.nypost.com/seven/09262008/postopinion/opedcolumnists/alarms__denial_130763.htm)

Bloomberg Financial News: "How the Democrats Created the Financial Crisis" (http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aSKSoiNbnQY0)

YouTube: Democrats in their own words (http://www.youtube.com/watch?v=_MGT_cSi7Rs)

YouTube: Burning Down the House (http://www.youtube.com/watch?v=1RZVw3no2A4&feature=iv&annotation_id=event_597487)

YouTube: Obama Ranks Second In Freddie/Fannie Contributions (http://www.youtube.com/watch?v=H-_HlpZ8azA&feature=related)


I'm curious as to why Brian Williams, Charlie Gibson, and Katie Couric aren't talking about this, but I'm really angry that McCain isn't talking about it. I understand that sticking to his word (unlike Mister Obama) means he doesn't have unlimited funds for unlimited commercials, but unless he is waiting for an October surprise, he is sitting on something that could not only spread a little truth on the campaign (and make a few bitter, aged, liberal mouthpieces even more bitter), but keep a very bad man out of a position of power we can't afford to give to him. It was the clumsy hand of government that got us into this mess (not an opinion, a fact), and the clumsy hand of government is not going to get us out. The clumsy hand of government has never done us a favor. They turned victory into defeat in Vietnam. They convinced the Soviets to go into Afghanistan, resulting in the Taliban and a country-sized safe haven for Al Qaeda. They pulled troops back when we were on the verge of catching Bin Laden in the Tora Bora mountains. They failed to put adequate troops into Iraq when the military knew what was needed. Now they're going to put $700 billion of our money into a broken system and hope that it works. Of course, they say that taxpayers actually have a chance to make money on the deal. As if they're actually going to cut us a check if this scheme turns a profit. That was the best laugh I've had in a long time. But at the same time I'm really insulted by this piece of BS handed to us by the drive-by media, the minions of the liberal elite. The most feared words in the American lexicon are "We're from the government and we're here to help*, and that fact has never been more true. This cr@p sandwich with cheese is going to cost us more, I think, (in money, anyway), than the Iraq war, and the best anyone can say is "we hope it works". So if it doesn't, who will be grilled by a committee? Who gets to explain why to the American people? Who gets fired? The fact is, all of you place-holders on Capitol Hill, there is a limit to how much money we'll give you to further screw up our country. Unless you forgot, you are actually our employees, and at some point we're going to get sick of you bungling job after job after job. I know of no other profession (aside from maybe meteorologist) that allows you to be wrong so consistently and still call yourself an expert. There is no question that George W Bush has historically bad approval ratings, but he doesn't come close to the pathetic ratings that Congress has earned.




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