After the initial melt down the Government tried to sell the bailout as a investment whereby the Feds could make money on the 700 Billion dollar loan.
Even if the Gov’t made a profit they’d find some dumbass new entitlement in order to fritter away whatever profit they might gain from it.
These people are monumentally stupid. It’s painful and embarrassing to hear many of these “Leaders” speak from the floor. You want to grab a pitchfork and storm the Bastille. Well trained 15 year-olds could out think these morons.
And one more thing …
Never was it more clearly seen that ideas have consequences then this whole fiasco. All of this was set up by the irrational push of egalitarianism. We must put minorities who can’t afford homes into homes they can’t pay for (sub-prime mortgages).
For the Democrats it was just a more sophisticated way to shake down whitey. It was reparations dressed up as a three bedroom house and a two car garage.
For the Republicans, led by Rove and Bush it was a decision to try and make the minorities instantly equal and instantly Republican and so they did all they could to illegitimately jam them in those houses theorizing that home ownership turns one into a voting Republican.
These people belong in the kind of pit that they threw Edmund Dantes in.
To expect these idiots to fix the situation is like giving a license and a bottle to the Captain of the Exxon Valdez while telling him to have another go at that harbor.
The supposed profit the government was going to make is a ruse. No one in Congress knew what the portfolio of the proposed “assets” was made of. So how could they know if in fact they could’ve even made a profit? You don’t buy something without researching what it is first.
Plus, we are now supposed to believe the government is smarter and wiser than entrepreneurs who wouldn’t buy the stuff at the government’s proposed prices?
Spot On Joshua!