I Haven’t Even Received My Rebate Yet And Democrats Have a Second One Ready
By Duane Lester • May 7th, 2008Nancy Pelosi says that George Bush is in denial and that the American people need another handout. This bill is twice and big as the first one, but the check is for only about 2 million Americans:
As Democrats push for a more activist government response to the flagging economy, Pelosi hosted a group of like-minded economists and officials, including former Treasury Secretary Lawrence Summers, at a policy forum.
Afterward, standing beside Pelosi, Massachusetts Democratic Rep. Barney Frank said a major package of housing legislation will be brought to the House floor on Wednesday.
“We will pass a bill tomorrow,” said Frank, chairman of the House Financial Services committee. The legislation written by Frank’s committee would authorize the government to finance $300 billion in distressed mortgages to help some 2 million American homeowners hit by the housing crisis.
$300 million to help 2 million people who bought bigger than they could afford, or signed an agreement they didn’t understand! $300 million to loaning institutions that made risky loans with the hope of a big payday!
No risk, no reward? How about all the risk you want and the government, meaning you and me, will pick up the pieces, and the check?
