The bottom line is we don’t think the government should get in using taxpayers’ dollars to bail a large number of people out for decisions that they made on their own and contracts that they signed.
-Representative Tim Walberg (R-Mich), whose state ranks among the top 10 for mortgage foreclosures.
Could be one of the last brave Congressmen left…
Source:
“Lawmakers, White House push for home help plan”
Associated Press, March 29, 2008
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March 31st, 2008 at 9:31 am
Today the Bush administration is making huge financial regulation overhauls to “help” the recession/our shitty economy. What I see is more big government (which is opposite of what republicans like, which is interesting?) and more regulation by big government (again in opposite of traditional republican thinking). These changes almost smell like another (unpatriotic) Patriot Act, which will impede free trade and free enterprise in this country….adding another big brother agency to take away further Constitutional rights….
What about instead letting the people, the financial institutions and the investment firms that perpetuated this sub-prime mortgage mess pay the price; instead of spending more tax money (that truely is not available anyway) to create regulating governmental agnencies to regulate the finanancial industry?
March 31st, 2008 at 4:26 pm
Thanks for the comment Marci.
“What I see is more big government (which is opposite of what republicans like, which is interesting?)”
Which is, the irony of it all. There are a number of Republican supporters that are going absolutely bonkers today, I assure you.
By the way, does Judy know you’re writing such “subversive material” on my blog (yes, it’s that Chris)?
April 1st, 2008 at 12:00 pm
I just assumed that this means we’ll have to take off our shoes and submit to panty inspection when we go to see whats left of our 401k.
April 1st, 2008 at 10:07 pm
Thanks for the comment Gibbon1. Panty inspection— too funny.