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	<title>Comments on: Another massive mortgage bailout is on the way; Update: Shouting in the House; Update: $2.7 billion boondoggle passes with 39 Republicans voting yes; roll call vote added</title>
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	<link>http://michellemalkin.com/2008/05/08/another-massive-mortgage-bailout-is-on-the-way/</link>
	<description>news and commentary from a conservative perspective</description>
	<lastBuildDate>Tue, 14 Feb 2012 10:01:40 +0000</lastBuildDate>
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		<title>By: Michelle Malkin &#187; Bush nostalgia: Let&#8217;s not get carried away, ok?</title>
		<link>http://michellemalkin.com/2008/05/08/another-massive-mortgage-bailout-is-on-the-way/comment-page-2/#comment-1196903</link>
		<dc:creator>Michelle Malkin &#187; Bush nostalgia: Let&#8217;s not get carried away, ok?</dc:creator>
		<pubDate>Mon, 12 Sep 2011 13:17:27 +0000</pubDate>
		<guid isPermaLink="false">http://michellemalkin.com/2008/05/08/another-massive-mortgage-bailout-is-on-the-way/#comment-1196903</guid>
		<description>[...] In January 2008, Bush floated another massive housing entitlement package, followed by an economic stimulus plan in excess of $150 billion, and passage of the $2.7 billion Bush housing boondoggle. [...]</description>
		<content:encoded><![CDATA[<p>[...] In January 2008, Bush floated another massive housing entitlement package, followed by an economic stimulus plan in excess of $150 billion, and passage of the $2.7 billion Bush housing boondoggle. [...]</p>
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		<title>By: Google</title>
		<link>http://michellemalkin.com/2008/05/08/another-massive-mortgage-bailout-is-on-the-way/comment-page-2/#comment-1134715</link>
		<dc:creator>Google</dc:creator>
		<pubDate>Wed, 06 Jul 2011 23:34:43 +0000</pubDate>
		<guid isPermaLink="false">http://michellemalkin.com/2008/05/08/another-massive-mortgage-bailout-is-on-the-way/#comment-1134715</guid>
		<description>&lt;strong&gt;The best website…...&lt;/strong&gt;

Hey Websmaster , Awesome blog , if you need backlinks to your website I provide upto 10,000 high quality SEO backlinks for only $5. Check it out here :http://bit.ly/msweL2...</description>
		<content:encoded><![CDATA[<p><strong>The best website…&#8230;</strong></p>
<p>Hey Websmaster , Awesome blog , if you need backlinks to your website I provide upto 10,000 high quality SEO backlinks for only $5. Check it out here :<a href="http://bit.ly/msweL2.." rel="nofollow">http://bit.ly/msweL2..</a>.</p>
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		<title>By: McCotter Edition Of The Real Voting Man &#171; Sago</title>
		<link>http://michellemalkin.com/2008/05/08/another-massive-mortgage-bailout-is-on-the-way/comment-page-2/#comment-1134022</link>
		<dc:creator>McCotter Edition Of The Real Voting Man &#171; Sago</dc:creator>
		<pubDate>Tue, 05 Jul 2011 12:18:31 +0000</pubDate>
		<guid isPermaLink="false">http://michellemalkin.com/2008/05/08/another-massive-mortgage-bailout-is-on-the-way/#comment-1134022</guid>
		<description>[...] in the face, who had paid their mortgages and not bought more then they could truly afford The #2 Reason Not To Support McCotter. Rep. McCotter, was one of 32 Republicans to vote for the bailout of the UAW, you remember that [...]</description>
		<content:encoded><![CDATA[<p>[...] in the face, who had paid their mortgages and not bought more then they could truly afford The #2 Reason Not To Support McCotter. Rep. McCotter, was one of 32 Republicans to vote for the bailout of the UAW, you remember that [...]</p>
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		<title>By: Michelle Malkin &#187; Welcome Back McCotter; Update: A few key votes added</title>
		<link>http://michellemalkin.com/2008/05/08/another-massive-mortgage-bailout-is-on-the-way/comment-page-2/#comment-1133820</link>
		<dc:creator>Michelle Malkin &#187; Welcome Back McCotter; Update: A few key votes added</dc:creator>
		<pubDate>Mon, 04 Jul 2011 02:40:19 +0000</pubDate>
		<guid isPermaLink="false">http://michellemalkin.com/2008/05/08/another-massive-mortgage-bailout-is-on-the-way/#comment-1133820</guid>
		<description>[...] May 8 2008: McCotter was one of the 39 big government Republicans who voted for the Dems&#8217; massive $2.7 billion mortgage bailout bill. [...]</description>
		<content:encoded><![CDATA[<p>[...] May 8 2008: McCotter was one of the 39 big government Republicans who voted for the Dems&#8217; massive $2.7 billion mortgage bailout bill. [...]</p>
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		<title>By: Salt</title>
		<link>http://michellemalkin.com/2008/05/08/another-massive-mortgage-bailout-is-on-the-way/comment-page-2/#comment-316332</link>
		<dc:creator>Salt</dc:creator>
		<pubDate>Fri, 09 May 2008 14:56:36 +0000</pubDate>
		<guid isPermaLink="false">http://michellemalkin.com/2008/05/08/another-massive-mortgage-bailout-is-on-the-way/#comment-316332</guid>
		<description>&lt;blockquote&gt; On May 9th, 2008 at 8:49 am, lgm said:

Here! Here! Let’s have George Bush (or Alberto Gonzalez or somebody) take personal responsibility for the US Attorney firings. Let’s have someone take personal responsibility for the WMD fiasco or the lack troops in Iraq that allowed chaos to develop.

It’s the responsibility of the boss — that’s George Bush.
&lt;/blockquote&gt;

Let&#039;s take personal responsibility for staying on topic.</description>
		<content:encoded><![CDATA[<blockquote><p> On May 9th, 2008 at 8:49 am, lgm said:</p>
<p>Here! Here! Let’s have George Bush (or Alberto Gonzalez or somebody) take personal responsibility for the US Attorney firings. Let’s have someone take personal responsibility for the WMD fiasco or the lack troops in Iraq that allowed chaos to develop.</p>
<p>It’s the responsibility of the boss — that’s George Bush.
</p></blockquote>
<p>Let&#8217;s take personal responsibility for staying on topic.</p>
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		<title>By: Michelle Malkin &#187; Time for responsible Americans to speak up: Say no to the $300 billion housing bailout</title>
		<link>http://michellemalkin.com/2008/05/08/another-massive-mortgage-bailout-is-on-the-way/comment-page-2/#comment-316272</link>
		<dc:creator>Michelle Malkin &#187; Time for responsible Americans to speak up: Say no to the $300 billion housing bailout</dc:creator>
		<pubDate>Fri, 09 May 2008 14:21:01 +0000</pubDate>
		<guid isPermaLink="false">http://michellemalkin.com/2008/05/08/another-massive-mortgage-bailout-is-on-the-way/#comment-316272</guid>
		<description>[...] died and made Barney Frank the nation&#8217;s lending [...]</description>
		<content:encoded><![CDATA[<p>[...] died and made Barney Frank the nation&#8217;s lending [...]</p>
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		<title>By: changer1701</title>
		<link>http://michellemalkin.com/2008/05/08/another-massive-mortgage-bailout-is-on-the-way/comment-page-2/#comment-316219</link>
		<dc:creator>changer1701</dc:creator>
		<pubDate>Fri, 09 May 2008 13:45:24 +0000</pubDate>
		<guid isPermaLink="false">http://michellemalkin.com/2008/05/08/another-massive-mortgage-bailout-is-on-the-way/#comment-316219</guid>
		<description>lgm:

Why not take your left-wing rantings to MoveON.org&#039;s site? The attorney firings, are you kidding me?  We&#039;re still on THAT non-story? The fact you and your Dim friends made such hay out of it tells us all we need to know about your ability to govern. Pelosi and company ride into Congress promising all these wonderful things...what happened? How much has gas gone up since THEY took over? How many hearings have been held trying to score political points when they could&#039;ve been addressing the major issues that face this country? No, we&#039;re not going to address drilling for oil or changes to the FISA law or anything of importance...instead, we&#039;re going to pound our gavels and pontificate for the cameras and do everything we can to make mountains out of molehills. 

How does that &quot;feed the children&quot;, lgm?</description>
		<content:encoded><![CDATA[<p>lgm:</p>
<p>Why not take your left-wing rantings to MoveON.org&#8217;s site? The attorney firings, are you kidding me?  We&#8217;re still on THAT non-story? The fact you and your Dim friends made such hay out of it tells us all we need to know about your ability to govern. Pelosi and company ride into Congress promising all these wonderful things&#8230;what happened? How much has gas gone up since THEY took over? How many hearings have been held trying to score political points when they could&#8217;ve been addressing the major issues that face this country? No, we&#8217;re not going to address drilling for oil or changes to the FISA law or anything of importance&#8230;instead, we&#8217;re going to pound our gavels and pontificate for the cameras and do everything we can to make mountains out of molehills. </p>
<p>How does that &#8220;feed the children&#8221;, lgm?</p>
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		<title>By: Outlander</title>
		<link>http://michellemalkin.com/2008/05/08/another-massive-mortgage-bailout-is-on-the-way/comment-page-2/#comment-316193</link>
		<dc:creator>Outlander</dc:creator>
		<pubDate>Fri, 09 May 2008 13:24:09 +0000</pubDate>
		<guid isPermaLink="false">http://michellemalkin.com/2008/05/08/another-massive-mortgage-bailout-is-on-the-way/#comment-316193</guid>
		<description>&lt;blockquote&gt;As to bail outs in principal, they make my blood boil. My mom was dumb enough to have two homes with ARMs and when she was complaining about the subprime bit I said “You have a masters degree, your partner has a PHD. You should have known better. Suck. It. Up.”&lt;/blockquote&gt;

I was once a die-hard &quot;Suck. It. Upper&quot; on the theory that people freely entered into these loan agreements and need to face the consequences of defaults.  And, as a lawyer who does a fair bit of (commercial) creditor&#039;s rights work, my ingrained sympathies do lie with financial institutions on these deals.  

But facts are facts.  When the housing market &quot;crashes,&quot; that crash causes significant ripple effects that affect the quality of life of all the people who DID &quot;play by the rules.&quot;  When six homes on your street are in foreclosure or are being short-sold or deed-in-lieued, that causes a panic that can crater home values, cause blights in neighborhoods, and take a tremendous amount of wealth out of the economy.  I hate government intervention as a general principle, but if the government has $15 billion burning a hole in its pocket, I&#039;d rather that money go to &quot;softening&quot; the landing of the housing market than to more agricultural subsidies or something.</description>
		<content:encoded><![CDATA[<blockquote><p>As to bail outs in principal, they make my blood boil. My mom was dumb enough to have two homes with ARMs and when she was complaining about the subprime bit I said “You have a masters degree, your partner has a PHD. You should have known better. Suck. It. Up.”</p></blockquote>
<p>I was once a die-hard &#8220;Suck. It. Upper&#8221; on the theory that people freely entered into these loan agreements and need to face the consequences of defaults.  And, as a lawyer who does a fair bit of (commercial) creditor&#8217;s rights work, my ingrained sympathies do lie with financial institutions on these deals.  </p>
<p>But facts are facts.  When the housing market &#8220;crashes,&#8221; that crash causes significant ripple effects that affect the quality of life of all the people who DID &#8220;play by the rules.&#8221;  When six homes on your street are in foreclosure or are being short-sold or deed-in-lieued, that causes a panic that can crater home values, cause blights in neighborhoods, and take a tremendous amount of wealth out of the economy.  I hate government intervention as a general principle, but if the government has $15 billion burning a hole in its pocket, I&#8217;d rather that money go to &#8220;softening&#8221; the landing of the housing market than to more agricultural subsidies or something.</p>
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		<title>By: lgm</title>
		<link>http://michellemalkin.com/2008/05/08/another-massive-mortgage-bailout-is-on-the-way/comment-page-1/#comment-316152</link>
		<dc:creator>lgm</dc:creator>
		<pubDate>Fri, 09 May 2008 12:49:29 +0000</pubDate>
		<guid isPermaLink="false">http://michellemalkin.com/2008/05/08/another-massive-mortgage-bailout-is-on-the-way/#comment-316152</guid>
		<description>&lt;strong&gt;dj&lt;/strong&gt; said (#87):

&lt;blockquote&gt;This is so ridiculous, what happened to personal responsibility?&lt;/blockquote&gt;

Here! Here!  Let&#039;s have George Bush (or Alberto Gonzalez or &lt;em&gt;somebody&lt;/em&gt;) take personal responsibility for the US Attorney firings.  Let&#039;s have someone take personal responsibility for the WMD fiasco or the lack troops in Iraq that allowed chaos to develop.  

It&#039;s the responsibility of the boss -- that&#039;s George Bush.</description>
		<content:encoded><![CDATA[<p><strong>dj</strong> said (#87):</p>
<blockquote><p>This is so ridiculous, what happened to personal responsibility?</p></blockquote>
<p>Here! Here!  Let&#8217;s have George Bush (or Alberto Gonzalez or <em>somebody</em>) take personal responsibility for the US Attorney firings.  Let&#8217;s have someone take personal responsibility for the WMD fiasco or the lack troops in Iraq that allowed chaos to develop.  </p>
<p>It&#8217;s the responsibility of the boss &#8212; that&#8217;s George Bush.</p>
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		<title>By: mbviews</title>
		<link>http://michellemalkin.com/2008/05/08/another-massive-mortgage-bailout-is-on-the-way/comment-page-1/#comment-316149</link>
		<dc:creator>mbviews</dc:creator>
		<pubDate>Fri, 09 May 2008 12:47:20 +0000</pubDate>
		<guid isPermaLink="false">http://michellemalkin.com/2008/05/08/another-massive-mortgage-bailout-is-on-the-way/#comment-316149</guid>
		<description>I REPEAT

If Pelosi and company weren’t RUNNING the House than you wouldn’t even have a bill that looks like this.

Malkin is part genius (marketing, new media) and PART BIG-TIME IDIOT (politics, and frankly media savvy).

when it comes to politics, Malkin believes a solid Republican Party with 40 votes in the Senate is the way to go. This way we can guarantee to have a 100% unified party, all the time, to veto socialist bills. (I prefer before, having 55 votes, designing the bills, getting a lot of them passed, and OCCASIONALLY losing a few when 6 or so Republicans cave for some reason or another). 

Regarding media savvy, here is how it works. 1) AP and NY Times journalists write an article about how some Republican broke ranks. 2) Forward article to Malkin or wait until she finds it. 3) Count to 3 and click refresh to see Malkin foaming at the mouth to get said Republican out of Congress. 4) Repeat. 

How about egging on the folks that CRAFTED the bill in the first place. How about trying to get THEM out?</description>
		<content:encoded><![CDATA[<p>I REPEAT</p>
<p>If Pelosi and company weren’t RUNNING the House than you wouldn’t even have a bill that looks like this.</p>
<p>Malkin is part genius (marketing, new media) and PART BIG-TIME IDIOT (politics, and frankly media savvy).</p>
<p>when it comes to politics, Malkin believes a solid Republican Party with 40 votes in the Senate is the way to go. This way we can guarantee to have a 100% unified party, all the time, to veto socialist bills. (I prefer before, having 55 votes, designing the bills, getting a lot of them passed, and OCCASIONALLY losing a few when 6 or so Republicans cave for some reason or another). </p>
<p>Regarding media savvy, here is how it works. 1) AP and NY Times journalists write an article about how some Republican broke ranks. 2) Forward article to Malkin or wait until she finds it. 3) Count to 3 and click refresh to see Malkin foaming at the mouth to get said Republican out of Congress. 4) Repeat. </p>
<p>How about egging on the folks that CRAFTED the bill in the first place. How about trying to get THEM out?</p>
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		<title>By: mbviews</title>
		<link>http://michellemalkin.com/2008/05/08/another-massive-mortgage-bailout-is-on-the-way/comment-page-1/#comment-316146</link>
		<dc:creator>mbviews</dc:creator>
		<pubDate>Fri, 09 May 2008 12:45:10 +0000</pubDate>
		<guid isPermaLink="false">http://michellemalkin.com/2008/05/08/another-massive-mortgage-bailout-is-on-the-way/#comment-316146</guid>
		<description>If Pelosi and company weren&#039;t RUNNING the House than you wouldn&#039;t even have a bill that looks like this.

Malkin is part genius (marketing, new media) and PART BIG-TIME IDIOT (politics, and frankly media savvy).

when it comes to politics, Malkin believes a solid Republican Party with 40 votes in the Senate is the way to go. This way we can guarantee to have a 100% unified party, all the time, to veto socialist bills. (I prefer before, having 55 votes, designing the bills, getting a lot of them passed, and OCCASIONALLY losing a few when 6 or so Republicans cave for some reason or another). 

Regarding media savvy, here is how it works. 1) AP and NY Times journalists write an article about how some Republican broke ranks. 2) Forward article to Malkin or wait until she finds it. 3) Count to 3 and click refresh to see Malkin foaming at the mouth to get said Republican out of Congress. 4) Repeat. 

How about egging on the folks that CRAFTED the bill in the first place. How about trying to get THEM out?</description>
		<content:encoded><![CDATA[<p>If Pelosi and company weren&#8217;t RUNNING the House than you wouldn&#8217;t even have a bill that looks like this.</p>
<p>Malkin is part genius (marketing, new media) and PART BIG-TIME IDIOT (politics, and frankly media savvy).</p>
<p>when it comes to politics, Malkin believes a solid Republican Party with 40 votes in the Senate is the way to go. This way we can guarantee to have a 100% unified party, all the time, to veto socialist bills. (I prefer before, having 55 votes, designing the bills, getting a lot of them passed, and OCCASIONALLY losing a few when 6 or so Republicans cave for some reason or another). </p>
<p>Regarding media savvy, here is how it works. 1) AP and NY Times journalists write an article about how some Republican broke ranks. 2) Forward article to Malkin or wait until she finds it. 3) Count to 3 and click refresh to see Malkin foaming at the mouth to get said Republican out of Congress. 4) Repeat. </p>
<p>How about egging on the folks that CRAFTED the bill in the first place. How about trying to get THEM out?</p>
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		<title>By: The_Livewire</title>
		<link>http://michellemalkin.com/2008/05/08/another-massive-mortgage-bailout-is-on-the-way/comment-page-1/#comment-316132</link>
		<dc:creator>The_Livewire</dc:creator>
		<pubDate>Fri, 09 May 2008 12:33:48 +0000</pubDate>
		<guid isPermaLink="false">http://michellemalkin.com/2008/05/08/another-massive-mortgage-bailout-is-on-the-way/#comment-316132</guid>
		<description>I&#039;m disappointed in Deb Pryce.  I expect better of her.

As to bail outs in principal, they make my blood boil.  My mom was dumb enough to have two homes with ARMs and when she was complaining about the subprime bit I said &quot;You have a masters degree, your partner has a PHD.  You should have known better.  Suck. It. Up.&quot;

I just bought a condo, will be able to pay roughly 13 payments a year.  In addition I&#039;m paying roughly 16 payments a year on my student loans and am paying down some bad decisions with credit cards.  So I&#039;ve no sympathy for people who make bad choices.

Democrats opposing the bail out is like Chavez supporting a free press, or Castro supporting free markets.</description>
		<content:encoded><![CDATA[<p>I&#8217;m disappointed in Deb Pryce.  I expect better of her.</p>
<p>As to bail outs in principal, they make my blood boil.  My mom was dumb enough to have two homes with ARMs and when she was complaining about the subprime bit I said &#8220;You have a masters degree, your partner has a PHD.  You should have known better.  Suck. It. Up.&#8221;</p>
<p>I just bought a condo, will be able to pay roughly 13 payments a year.  In addition I&#8217;m paying roughly 16 payments a year on my student loans and am paying down some bad decisions with credit cards.  So I&#8217;ve no sympathy for people who make bad choices.</p>
<p>Democrats opposing the bail out is like Chavez supporting a free press, or Castro supporting free markets.</p>
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		<title>By: secondsight</title>
		<link>http://michellemalkin.com/2008/05/08/another-massive-mortgage-bailout-is-on-the-way/comment-page-1/#comment-316097</link>
		<dc:creator>secondsight</dc:creator>
		<pubDate>Fri, 09 May 2008 11:00:16 +0000</pubDate>
		<guid isPermaLink="false">http://michellemalkin.com/2008/05/08/another-massive-mortgage-bailout-is-on-the-way/#comment-316097</guid>
		<description>ps student loans are next</description>
		<content:encoded><![CDATA[<p>ps student loans are next</p>
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		<title>By: secondsight</title>
		<link>http://michellemalkin.com/2008/05/08/another-massive-mortgage-bailout-is-on-the-way/comment-page-1/#comment-316095</link>
		<dc:creator>secondsight</dc:creator>
		<pubDate>Fri, 09 May 2008 10:51:56 +0000</pubDate>
		<guid isPermaLink="false">http://michellemalkin.com/2008/05/08/another-massive-mortgage-bailout-is-on-the-way/#comment-316095</guid>
		<description>Check it out: &lt;strong&gt;The mortgage crisis is a Democrat crisis.&lt;/strong&gt;

Here&#039;s a set of Red/Blue States maps:
http://en.wikipedia.org/wiki/Red_states

I like the purple version best...

Then take a look at Bernanke&#039;s heat maps:
http://matrix.millersamuel.com/?p=1565

Notice in particular the map of the delinquency since 2004 map (Figure 3) and piggyback loans (Figure 7).

Then lastly, here&#039;s the Democrat schedule of pain:
http://blog.metro-real-estate.com/?%20p=304

Acton pointed out the problem with democracy was the tyranny of the majority. 

Particularly when the Democrats have decided that they want the high life on your dollar.</description>
		<content:encoded><![CDATA[<p>Check it out: <strong>The mortgage crisis is a Democrat crisis.</strong></p>
<p>Here&#8217;s a set of Red/Blue States maps:<br />
<a href="http://en.wikipedia.org/wiki/Red_states" rel="nofollow">http://en.wikipedia.org/wiki/Red_states</a></p>
<p>I like the purple version best&#8230;</p>
<p>Then take a look at Bernanke&#8217;s heat maps:<br />
<a href="http://matrix.millersamuel.com/?p=1565" rel="nofollow">http://matrix.millersamuel.com/?p=1565</a></p>
<p>Notice in particular the map of the delinquency since 2004 map (Figure 3) and piggyback loans (Figure 7).</p>
<p>Then lastly, here&#8217;s the Democrat schedule of pain:<br />
<a href="http://blog.metro-real-estate.com/?%20p=304" rel="nofollow">http://blog.metro-real-estate.com/?%20p=304</a></p>
<p>Acton pointed out the problem with democracy was the tyranny of the majority. </p>
<p>Particularly when the Democrats have decided that they want the high life on your dollar.</p>
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		<title>By: graysonret</title>
		<link>http://michellemalkin.com/2008/05/08/another-massive-mortgage-bailout-is-on-the-way/comment-page-1/#comment-316061</link>
		<dc:creator>graysonret</dc:creator>
		<pubDate>Fri, 09 May 2008 07:20:16 +0000</pubDate>
		<guid isPermaLink="false">http://michellemalkin.com/2008/05/08/another-massive-mortgage-bailout-is-on-the-way/#comment-316061</guid>
		<description>Well, one thing I can now say, with confidence...I&#039;m a victim. I&#039;m a victim of a tyrannical government and I want my &quot;fair share&quot;.  I have to drive 52 miles RT to work and home.  With gas prices the way they are, I want a bailout too.  My fair share.  Food prices have gone up and I want a bailout on that, too.  My fair share.  I think I&#039;ll form a group...Code Chartruese...and go to Richmond, dressed as warlocks.  Credit card interest is high. I want a bailout.  My fair share.</description>
		<content:encoded><![CDATA[<p>Well, one thing I can now say, with confidence&#8230;I&#8217;m a victim. I&#8217;m a victim of a tyrannical government and I want my &#8220;fair share&#8221;.  I have to drive 52 miles RT to work and home.  With gas prices the way they are, I want a bailout too.  My fair share.  Food prices have gone up and I want a bailout on that, too.  My fair share.  I think I&#8217;ll form a group&#8230;Code Chartruese&#8230;and go to Richmond, dressed as warlocks.  Credit card interest is high. I want a bailout.  My fair share.</p>
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