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Bush to outline 5-year rate freeze plan: sources

Posted by "Pat Buchanan, Jr." on December 05, 2007 at 02:32 PM

So now we’re going to do a government bailout for all those people who leveraged their homes, used them as ATMs and then went out and bought SUVs, boats, went on vacations, etc. So people who were irresponsible and entered into loans they had no ability to repay and buy homes that were 8-12 times their income levels will be rewarded. The tax payers now will have to bailout their neighbors who lived high on the hog for the past 7 years. Unreal. Those people who knew the housing market was overheated and homes were just too pricy to buy in this market will now sufer even more. I guess this is the legacy GWB wants, just as his dad gave was the ADA which provided 25 handicapped parking spots at your local Safeway, which 99% are empty. And for some reason I thought I voted Republican in both those elections. Good job guys.

Bush Bailout:

Tags: GeorgeWBush, MortgageBailout, RINOs
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