Bush Drops Opposition to Housing Bill

President Bush dropped his opposition Wednesday to legislation aiming to calm the chaotic housing market despite his objections to a $3.9 billion provision.

[Wake up FQQLZ]

Bush needs to be "dropped" on his head again.

[Donna Atlanta GA]

Here ye, here ye... all American taxpayers. Put hand in pocket, take out wallet, remove money, give to government.

Someone explain to me how this country is going to ever come close to paying off all the money that has been doled out over the last 8 years.

[FL_Native]

Once again we are trying to legislate against stupidity, when they should have had laws in place to prevent greedy bankers from making lons to people that had no business buying a home. As far as I am concenred they should let it all colapse. Instead the middle class will once again have to flip the bill for their failure to act proactivly.

[OMG]

how come republicans aren't calling bush a flip-flopper?

[john k]

i'm still waiting to see who is going to jail over this.

[wyojake]

let's see 3.9 billion for the American people 28.9 billion for corporate fannies and freddies. Damn seems fair to me - why fight over a veto?

[Lance Winslow]

wyojake wrote:

let's see 3.9 billion for the American people 28.9 billion for corporate fannies and freddies. Damn seems fair to me - why fight over a veto?

Try $400 billion plus for the Wall Street bros.
And the legislation raises the national debt $800 billion which would buy out the loss of $200K equity of four million US homes...pretty much all of them at risk of default, if the money were spent on taxpayers rather than corporations.

[leo from shanghai]

story out of detroit that home that sold for $110,000.00 three years ago could not get a bid of $5,000.00 at foreclosure auction. the government should buy these homs at 5 cents on the dollar and GIVE the homes people scammed by boiler room tactics and let big lenders drop dead!

[wyojake]

Lance Winslow wrote:

<quoted text>Try $400 billion plus for the Wall Street bros.
And the legislation raises the national debt $800 billion which would buy out the loss of $200K equity of four million US homes...pretty much all of them at risk of default, if the money were spent on taxpayers rather than corporations.

failed attempt at sarcasm my friend. We in a "Republican" free market are supposed to let these outfits fail. Tired of bailouts for these stooges and cronies. Think I would rather the corporations took the hit than add 800 billion more to the deficit in additional business welfare. I also would rather the money be spent on taxpayers.

[Country Club Hills Man]

FL_Native wrote:

Once again we are trying to legislate against stupidity, when they should have had laws in place to prevent greedy bankers from making lons to people that had no business buying a home. As far as I am concenred they should let it all colapse. Instead the middle class will once again have to flip the bill for their failure to act proactivly.

All that talk about how the banks screwed the people. Most of those loans were backed by Freddie Mac and Fannie Mae that let this happen. People were buying homes that they had no business buying and couldn't afford it at a fixed rate. These people that we tax payers are bailing out will still not pay their house payments. This bill is just promoting irresponsible people to take advantage of the government. I see all of these people in Country Club Hill, Il. living in $600,000 homes that are straight from the projects. They don't cut their grass, they use newspaper to cover their windows, and most don't have jobs. If the government wants to give hand-outs to these people, why not put them in a house they can afford. About 50% of these new homes in Country Club Hills, Il. are all in foreclusure.