Well it's all official now, U.S. Taxpayers. We're all co-partners in the 2008 banking industry meltdown, and our supposedly "recovering" alcoholic president just issued the Treasury Department and the Federal Reserve (U.S. Bankers' Union) a blank U.S. Treasury check by quietly signing the Fannie/Freddie bailout bill into law this morning. Here's the gist, from the ever-reliable Raw Story website (Don't forget to read the reader comments):
In a seeming effort to blunt attention to the fact he was signing a bill he once rebuked as socialistic, President George W. Bush quietly approved a massive mortgage rescue bill shortly after 7 a.m. in the Oval Office and announced his signature by email.And no... we're not about to completely blame the approval of this bill on the current pack of Congressional democRATS who ushered this bill through a compliant Congress without amendments.
"Only a few aides and administration officials were present, including Secretary of Housing and Urban Development Steve Preston and James B. Lockhart III, the Director of the Office of Federal Housing Enterprise Oversight (OFHEO)," Politico's Mike Allen remarked. "The White House announced the signing by e-mail moments later."
A senior Bush official told Allen the Administration had no desire to herald the Democrats who shepherded the bill through their congressional committees, Sen. Christopher Dodd (D-CT) and Rep. Barney Frank (D-MA).
This nitwit neoCON Bush had a hand in it too.
Yes. It's the Republicans in Congress who allowed the "mortgage problem" to fester during their inattentive watch.
But it's the recently elected congressional democRAT majority who adopted the "socialist solution" -- with the help of our neoCON president, of course...
Food for thought for our gentle readers, as the congressional Demos usher in a new era of American high taxes and hyper-inflation.
Having said this... we hope our gentle readers won't let their cat get their tongues.
