August 31, 2007
In which two Republicans do something right
Well, at least half right...Bush is proposing expansion of FHA along the same lines we've already discussed. See how smart I am? Not really. Seriously, anyone in banking could have said the same thing. It's unfortunate that our douchebag of a Republican President has a better proposal for dealing with this than our Democratic candidates. Obama the Tard has decided to punish third party originators (known as brokers and small banks) because they are all to blame for the mess, in his ridiculous opinion. Which is really smart and all because these same folks are on a first name basis with tens of millions of voters.
Obama's proposal offers no real solution. Even if you want to collect penalties from brokers (which you can't do because more than 96% of them have never done anything illegal) they don't have the equity to pay the levy.
The only problem I still have with Bush on this issue is broadening the GSE's (Freddie Mac and Fannie Mae) which is something Congress will have to do and shove down his still stupid throat. At least HE got half of it right, unlike our Democratic candidates who flubbed this like a motherfucker.
Yes, there are two Republicans who've done something right. Perry finally gave in and commuted the sentence of Kenneth Foster.
Republicans doing something right... not too impressive when you consider that a broken clock is right at least twice a day.
Posted by mcblogger at August 31, 2007 09:33 AM
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