It is Bush's fault for this whole mess...
Ya, he has been slipping out at night again and approving sub prime loans for months now... Then he decided to try to get the Democrat controlled congress to make the first vote look like the Republicans seem anti the people too or just plain stupid...
Did Ya know he has more pull that just about anyone alive today... I even heard that he was down at the NASA Houston Space center; and guided Hurricane Katerina into New Orleans a while back, just to prove he could do it...
He sure is one busy Dude... Just think if he had been more in tune with the everyday happening out on the street, poor little dogie, Fifi; would not have been ran over by the mean Ole garbage truck last week...
Ya, we humans think we have more power that is possible... I worked with a guy some years ago, who said it was only a matter of time before humans would be able to control, Volcanoes, earth quakes, and tornados... I think he was smoking too much funny rope myself...
BTW: One of my college Chemistry Profs; told us: " If you do not get anything else out of this Chemical course, remember this; Man can neither create nor destroy matter! "
But some would say this Prof. was dead wrong...
My take is while George W may have done many stupid things in his life {like all of us} he did not create this morgage mess. It something to do with the banks and greed of people to try to make more money... But lets not blame the people who did it, President Bush should have know this was going to happen and done something... HUH!!
You may want to read " The Common Sense Fix" posted on the daveramsey.com site... Here is a better idea of what should be done... The politicians are going to make this a very expensive mess... Here is where the best answer is...
This is another view on the " Wonderful Bailout ".... Read it an weep for the Americain taxpayers...
This is from an investment site...
Now that the bailout is just about wrapped up we can break out the champagne, right? I'm afraid not.
While the Beltway Boys' cronies on Wall Street are being saved with your money, you should be asking...Where's MY golden parachute?
Yes, it's true that the bailout will help stabilize the banking industry. And it is also true that the big paychecks to these failed banking "Big Wigs" will be limited.
What does that have to do with you? Is your mortgage payment going to be lower? Are you going to be compensated for losses in your retirement savings and 401k plan?
I think you know the answer...a big old "No."
But remember it is all Bush's fault!!