Aren’t Democrats SUPPOSED to be FOR the common man, the “average taxpayer?”
Yeah, I thought so too. After all they say that ALL the time!
Well, here’s proof that “IRONY can get pretty ironic sometimes.”
See, Barney Frank and his House Financial Services Committee and Christopher Dodd and his Senate Banking Committee have proposed legislation that would move most of the “bad paper” risks FROM the lending banks TO the American taxpayer!
Yeah, “Power to the peop-”
Wait a minute, that doesn’t seem all that appropriate.
The problem with the currently suggested “Mortgage Bailout,” is that all such things have long-term unintended consequences.
OK, some, in this case, like the government (I mean taxpayers) taking on nearly $30 BILLION in bad loans in the Bear-Stearns deal are quite “intended.”
Others, like ordinary citizens who’ve paid their mortgages seeking to get the same kinds of deals offered to their defaulting neighbors, are quite “unintended” and thus incalculable in terms of their potential future economic impact.
Now, how come when some “evil Republican” does something that benefits business at taxpayer expense they get excoriated, but when Liberals like Barney Frank and Chris Dodd do it, nobody pays attention?
I know, that’s a pretty good question, isn’t it?!
Yeah, I thought so too. After all they say that ALL the time!
Well, here’s proof that “IRONY can get pretty ironic sometimes.”
See, Barney Frank and his House Financial Services Committee and Christopher Dodd and his Senate Banking Committee have proposed legislation that would move most of the “bad paper” risks FROM the lending banks TO the American taxpayer!
Yeah, “Power to the peop-”
Wait a minute, that doesn’t seem all that appropriate.
The problem with the currently suggested “Mortgage Bailout,” is that all such things have long-term unintended consequences.
OK, some, in this case, like the government (I mean taxpayers) taking on nearly $30 BILLION in bad loans in the Bear-Stearns deal are quite “intended.”
Others, like ordinary citizens who’ve paid their mortgages seeking to get the same kinds of deals offered to their defaulting neighbors, are quite “unintended” and thus incalculable in terms of their potential future economic impact.
Now, how come when some “evil Republican” does something that benefits business at taxpayer expense they get excoriated, but when Liberals like Barney Frank and Chris Dodd do it, nobody pays attention?
I know, that’s a pretty good question, isn’t it?!
