We don’t just have *some* Rinos in the republican party anymore. The whole party is RINO.

From Reuters…

The U.S. Senate on Thursday voted overwhelmingly to approve a $15 billion bill tackling the nation’s housing market crisis with tax breaks for corporations and some assistance for distressed homeowners.

…

the Senate bill would give a $6 billion tax break to home builders by temporarily extending a rule that lets businesses count current losses against taxes from prior profitable years. The National Association of Home Builders in January took the unusual step of halting all congressional campaign contributions after a tax break like the one in the new housing bill was dropped from an earlier economic stimulus package.

Transparent, isn’t it? No campaign contributions… oh let’s have a law that gives them a lot in tax-breaks, even though home builders have been profitable for beyond 4 years… so this means they would be able to get more tax money back.

This is criminal, and this should be the focus of your posting Michelle. Do these blatent “steal from the taxpayer give to the corporation” provisions stay in the bill.

GREAT post, thank you for inserting some compassion and intelligence into this thread.

The Washington politicians get billions of dollars in pork barrel projects inserted into bills that will only benefit their consitutuents but not the American public at large. Where’s the money from the general fund that was supposed to go to Social Security and other social entitlement programs?

When will Americans stop going to greedy politicians whining for help when they were the ones that made the bad choices, along with the mortgage, banking, construction, and real estate industries, to begin with? When Obummer says that McCain is just a continuation of “you’re on your own” policies I just want to scream.

If you’re a responsible, sensible, financially solvent taxpayer, yeah, you’re on your own. You’ll be the one who pays for this housing boondoggle so that irresponsible whiners (such as those who could never have payed off their mortgages) get a free ride. If Americans want this, we’re in more trouble then we thought.

Welcome to George Soros’ version of a socialist paradise. Me and mine get to earn a living so that dirty state and federal politicians and their constitutents get to take away my success, accomplishments, and say over how I spend my money. How fair is that? What about us? What did we do to deserve this?

I hear there are some trailers in Hope, Arkansas where some of these whiners can make a brand new start out of bankruptcy…

On April 10th, 2008 at 8:02 pm, Regulus said:

I’m paying for things like Social Security, Medicare and Medicaid taxes because of the failure or inability of many people to adequately prepare for their retirement or to provide for their own health care…like welfare and food stamps and methadone treatments at homeless shelters because of the failure or inability of some people to prepare themselves to make it own their own in the free market, or because they made idiotic decisions.

We haven’t seen anything yet if the Socialists come to power and saddle us with _irreversible_ social programs (operative word here, folks — it’d be something no next term Conservative Prez or whoever will EVER get rid of!). Here in Jamaica Queens, the largest black community outside Washington D.C., you cannot believe the sentiment for _free universal housing_ on top of food. Forget killing a sense of self-reliance, this will also sap the incentive of black youth to work much less excell at school. But the Socialists know (sadly) black Americans will overwhelmingly eat this notion up. If you don’t care about your wallets and want to promote such a wish one day, just help the Socialists into office. There’s no if-ands-buts or stuck-up pride crap here. Look, I’m a hardcore Thompson guy but my man flunked out, but I damn sure aren’t going to help put the Socialists on the throne to raise Cain with my taxes and lower this country’s general sense of worth and self-esteem.

James Greenidge
Queens NY

We are in big trouble.

I was kinda shuddering to actually have to check out the NYT.

On April 10th, 2008 at 3:51 pm, Romeo13 said:

Hmmm… not so sure I have a problem with this one..

It does NOT give money to banks, or builders, or even people who got a bad loan…

Its more like a VHA loan refinance… they will still have to get a new loan, and ensure they can pay it. Just gonna help with those ballooning interest rates by giving them a bit more leverage to get a fixed rate loan.

Of all the plans so far, this is the least objectionable by far.

The problem is simple actually. Do we want the government re-writing private contracts? I don’t. Two private entities wrote a contract (maybe flawed – maybe quite flawed but still a private contract). Now because the private contract didn’t go well, the politicians (very few of whom actually know anything about economics – they are lawyers mostly) want to step in and re-write the contract. That is BAD POLICY.

Remember – these are the same politicians who want to know things like if the mars rover will drive past the flag left on the moon.

If you want to see how well this bailout will work, just look at Katrina. Or more currently – look at how well they are doing in the air passenger market. Completely unrelated events – but still government handled.