Liberty Reborn

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.

This entry was posted on Thursday, July 24th, 2008 at 7:08 am and is filed under J.J. Jackson's Daily Opinion. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.