Weblog Commenting and Trackback by HaloScan.com The Barnyard: The Bailout Boondoggle

Saturday, September 27, 2008

The Bailout Boondoggle

This is what I have been able to figure out so far. The Democrats are trying to lard it up with massive handouts to some of their special interest groups like ACORN, La Raza, trial lawyers and big labor, basically poison pills to GOP support. Why are they doing this? Basically teh Democrats want the markets to crash so they can then blame the GOP for not supporting the bailout. The thing is Nancy Pelosi can pass this thing out of the House without any Republican support and Harry Reid can likely get the votes he needs in the Senate to send it on to the President.

Why won't they? Nancy Pelosi and Harry Reid don't want the Democrats left holding this hot potato with sole responsibility for it. They don't want to be seen as bailing out the Wall Street fat cats they love to rail against without Republican cover. The GOP wants a clean bill that has taxpayer protections in it and they do understand the seriousness of the credit crunch though some don't believe it is as bad as being touted by some, like the global warming thing.

Apparently it is only a few really big mortgage houses that are in trouble larrgely from buying weak or bad paper that lenders that were forced to write by Democrats seeking to increase homeownership in poorer markets. Watch the two videos in the post below this one for a better understanding of that. The smaller local and regional banks are in fine shape because they maintained standards of lending credibility.

I don't know enough about financial markets to know if this bailout is needed or not but if it is I sure don't want millions or even billions of dollars flowing into the coffers of the voting and mortgage fraud specialists , ACORN, and illegal immigrant race baiters, La Raza. Michelle Malkin has outlined how La Raza got many of these lending houses to write mortgages for illegal immigrants often with fraudulent documents, that is unacceptable and should not be allowed to continue.

What I want to know is why are the two Democrats most responsible for this mess even being allowed to negotiate the solution, Barney Frank and Chris Dodd? They should be locked up along with Franklin Raines, Jim Johnson and Jamie Gorelick, all Clinton offials, for this massive fraud pulled on the American people that we may very well end up paying for.

5 comments:

Anonymous said...

If the Democrats really wanted to help innocent "victims", surely they could have devised something else than helping their "victimizers".

BA

Goat said...

BA, that's the thing they don't want to help the masses they want to control them through socialist policies. They don't care about the poor, they only care about their votes to keep them in power. You have been reading me long enough to know that.

PS: Please put in your initials for your posts instead of anon.

Critical Thinker said...

Goat,

Had a puter malfunction, not sure if the last comment went through. If it did just delete this one. Anyways, House Repubs at least seemed to have stopped the funneling of money to ACORN. I have not confirmed it but it shouldn't be to hard to follow up on. Here is the link.

http://edgeoforever.wordpress.com/2008/09/28/bailout-deal-riched-acorn-boon-removed/

Happy hunting ladies and gentlemen.

s.b. said...

http://newsbusters.org/

This just in. Family of Ryan Jopek told obama to stop wearing the bracelet and stop using their son's name.

They support the war in Iraq and John McCain.

Bryan said...

send them a pink slip...let them see the outrage in full color!

www.sendpinkslips.com