Bush Joins Congress In Screwing American Taxpayers

J.J. Jackson* | July 24, 2008 

Once again President Bush has sided with liberals in Congress who think that they can spend taxpayer dollars on anything they want:

WASHINGTON (AP) — President Bush dropped his opposition Wednesday to legislation aiming to calm the chaotic housing market despite his objections to a $3.9 billion provision. The House was expected to vote on the bill Wednesday, and it could become law as early as this week.

Under the bill, the government would help struggling homeowners get new, cheaper loans and would be allowed to offer troubled mortgage giants Fannie Mae and Freddie Mac a cash infusion.

The Bush administration and lawmakers in both parties teamed to negotiate the measure, which pairs Democrats’ top priorities — federal help for homeowners facing foreclosure and $3.9 billion for neighborhoods hit hardest by the housing crisis — with Republicans’ goal of reining in mortgage giants Fannie Mae and Freddie Mac while reassuring financial markets of their stability.

Let this be a lesson to you. Be responsible, pay your taxes, and don’t take out loans you don’t want to take the risk of not being able to pay back and you get to pay the freight for those that get themselves in trouble taking risks they cannot afford to take.

It’s liberalism wonderful? Now pay up.


Contributor's website: http://www.libertyreborn.com




*Content posted by a user may not be completely written by that user. Content from another source is cited in either block quotes, with quotes or with a link to the original material. Content from other sites is posted for commentary and news purposes under fair use. Each user is responsible for their own postings and a particular posting should not be construed as being endorsed by this site or it's owner.

Leave a Reply




By posting a comment you agree to abide by the rules of this site.

American Conservative Daily is owned and operated by J.J. Jackson, President of Land of the Free Studios, Inc.