Will Republicans vote for the Countrywide cronies’ mortgage bailout bill?

By Michelle Malkin  •  June 19, 2008 02:07 PM

For heaven’s sake: NO! NO! NO!

***

Tim Carney: It’s the “Bank of America bill on steriods.”

Posted in: Subprime crisis

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  1. #354442
    On June 19th, 2008 at 2:10 pm, John Ansell said:

    Are there any Republicans left? Really. We now have 2 party system, Democrats (old Republicans) and Enemies of the State (Democrats.)

  2. #354447
    On June 19th, 2008 at 2:13 pm, meatpieandtatters said:

    Everyone in our government is OWNED by the bankers. Heck, the Federal Reserve, which is as Federal (as in part of our government) as Federal Express, is designed to enrich the bankers and banking system at tax payer’s expense. Countrywide is simply another charter member of the “Good ole’ boys club” which literally controls every aspect of the global economy. Party affiliation is moot. The pin-striped suits in Congress owe their allegience not to the Constitution but to the highest bidder.

  3. #354453
    On June 19th, 2008 at 2:18 pm, On-my-soap-box said:

    Will Republicans vote for the Countrywide cronies’ mortgage bailout bill

    I am afraid they are politicians. The Repubs are becoming more liberal by the year so the answer would be:

    YES! YES! YES!

  4. #354456
    On June 19th, 2008 at 2:20 pm, khan said:

    Michelle,

    Just picture Bob Barr wielding veto power, guaranteed to reduce the size and spending of government.

  5. #354473
    On June 19th, 2008 at 2:31 pm, 30 pcs of silver said:

    Wake me up when the nightmare is over. Oy.

  6. #354477
    On June 19th, 2008 at 2:36 pm, cjean said:

    I am disgusted. There is only a few, count em on one hand, in our government that have any concern for the governed.

  7. #354478
    On June 19th, 2008 at 2:36 pm, mike volpe said:

    I don’t know why the politicians are so gung ho to bail out irresponsible borrowers. The reality is that there are a lot more responsible borrowers than irresponsible, and the responsible ones don’t want to foot the bill for the irresponsible ones. This is a bad bill but more than that I believe the politicians are misreading the politics of mortgage bailouts.

  8. #354484
    On June 19th, 2008 at 2:44 pm, Christian Soldier said:

    The politicians KNOW what they are doing because many of THEM are being BAILED!!!

    We’ve been “drinking LOTE” for a very long time.

    LOTE Any One!!!???

  9. #354485
    On June 19th, 2008 at 2:45 pm, John Ansell said:

    For Crying out loud, this is like a bank being robbed and the government is busy making deposits.

  10. #354488
    On June 19th, 2008 at 2:47 pm, Ed Mahmoud abu al-Kahoul said:

    Just picture Bob Barr wielding veto power, guaranteed to reduce the size and spending of government.

    Too bad he bolted for a third party that will be lucky to get 5% of the vote, just enough to possibly tip the election to the Marxist.

    Granted, if he stayed in the GOP, and the five or so conservatives/pseudo-conservatives split the vote of the base, and Giuliani, the other clear RINO, put all his eggs in the Florida basket, McCain still would have had the undivided Democrat cross-over/independent/Northeastern Republican-lite vote, and still won the nomination.

    The Republicans don’t deserve to win this year, but it sure seems like a flat out communist is harsh punishment for this country.

    It’d be nice in future years if the GOP moved a real Republican state like Texas or Oklahoma up in the primary order, to minimize the effect caucus states and Northeast states with questionable conservative bona fides have on the nominating process. New Hampshire used to be a good test, before all the Massachusetts libs moved in and took over.

  11. #354489
    On June 19th, 2008 at 2:49 pm, WarTip said:

    On June 19th, 2008 at 2:31 pm, 30 pcs of silver said:

    Wake me up when the nightmare is over. Oy.

    You are going to have to do a pretty good imitation of Rip Van Winkle to pull that one off.

    Sad

    My guess says that they will indeed vote for this illegal redistribution of funds to bail out corporations they forced into this problem and then try to nationalize the economy (ultimately resulting in the loss of a free market economy.

    Hopefully I am just paranoid and delusional but I doubt it.

  12. #354492
    On June 19th, 2008 at 2:54 pm, nyc123me said:

    It is all too clear just how deep the corruption goes in the US government. Much like Russia, you can’t do anything about it when the only people who could help you are in it up to their necks as well.

  13. #354495
    On June 19th, 2008 at 2:57 pm, maine yankee said:

    Ron Paul is looking less crazy every day !!!

  14. #354498
    On June 19th, 2008 at 2:58 pm, Southpaw said:

    The Washington Cleptocrats (both Dem and Repub) are sooo behind the curve on whats going on with the current economy, it doesn’t matter what they try to do. They’ll throw another couple hundred billion dollars trying to fix something they don’t understand and can’t control.

    Hey Congress: If you people are so smart, how come none of you saw the mortgage crisis coming (as many people did)? Do us Americans a favor, get out of the way and let us fix the problems. Go back to your VIP sweetheart deals, your pandering, your cleptocracy, and leave us the heck alone.

  15. #354503
    On June 19th, 2008 at 3:03 pm, txvet2 said:

    It’d be nice in future years if the GOP moved a real Republican state like Texas or Oklahoma up in the primary order,

    Appreciate the thought, but have to remind you that we saddled the country this the Bushes.

  16. #354504
    On June 19th, 2008 at 3:04 pm, txvet2 said:

    Make that “with” the Bushes. I know better than to send without proofing.

  17. #354510
    On June 19th, 2008 at 3:10 pm, Ed Mahmoud abu al-Kahoul said:

    Ron Paul is looking less crazy every day !!!

    Re: Ron Paul and Bob Barr

    I assumed about eight years ago, when the Dem leadership was cheerefully guiding their ship over the Niagara Falls of Marxism, that the Dems would be the party to splinter, with the more normal Dems saying “enough!”. It didn’t happen, I guess because the more reasonable Dems (going back to the 1960s, but including Ronald Reagan, Bill Bennett, Jeane Kirkpatrick, Zel Miller) had already left the party.

    Instead the Repubs are the party splintering, with a strong subset of the party, with McCain and Graham leading the way, wanting to occupy the role of the old Democrat Party before the infiltration by Soviet agents took full effect.

    BTW, I accused somebody of being a Moby before, and he probably isn’t. I can understand the frustration when the party goes chasing liberal voters by latching onto ANWR and global warming hysteria. Clue to John McCain- you can’t out-liberal Obama, and will only lose votes from the base if you try.

    Maybe that explains McCain’s flip-flop on offshore drilling- he finally realizes he can’t outlib the Marxist.

    Again, I agree McCain doesn’t deserve to win, but I don’t think the country deserves four years of a radical Marxist with terrorist friends who may be sympathetic to Islamic terrorists, who was raised as a Muslim himself by his Muslim stepfather, be given whatever he asks for by a Congress fully controlled by communists.

    But revulsion to the RINO tendencies of McCain is far from proof of being an Obama Moby.

    If Obama wasn’t so bad, voting third party to express displeasure with the GOP wouldn’t be a bad idea. But in this case, we have an old Harry S Truman Democrat running against a Henry Wallace Progressive (pro-Soviet) Democrat, and it is important the communist doesn’t win.

  18. #354512
    On June 19th, 2008 at 3:11 pm, babbledabble said:

    #9 Maybe if ALL the primaries were on the same day there’d be some better choices!

  19. #354514
    On June 19th, 2008 at 3:12 pm, b4lucy said:

    The simple answer to every “crisis” manufactured or created by these vermin is DO NOT VOTE FOR ANY INCUMBENT!!!! This completely changes the House and enough Senators to shake them right down to their sleazy VIP status…It does not matter one bean whether the result is a democrat government or a republican government, at the very least we will have cleaner representation while they are learning to become “replaceable incumbents”…think it over…

  20. #354515
    On June 19th, 2008 at 3:12 pm, Ed Mahmoud abu al-Kahoul said:

    Too bad Jeb wasn’t the Bush that ran for President. I’d heard 10 years ago he was smarter, and more conservative, than GWB, but GWB was the eldest son, and GWB has ruined the running of a Bush for office, at least until Jeb’s son, the one in the Navy, is old enough to run for office.

  21. #354524
    On June 19th, 2008 at 3:21 pm, Ed Mahmoud abu al-Kahoul said:

    Nah, I like a drawn out Belmont Stakes kind of primary, that gives candidates a chance to stumble and show their flaws early. Just that the arrangement this year, with open primaries early, gave too much momentum to the RINO.

    BTW, if all the primaries were the same day, and you had two RINOs, Giuliani and McCain, (at least Giuliani was kind of philisophically consistent, although his multiple donations to Planned Parenthood made him a complete non-starter) splitting that vote, and the religious social values con but economic and foreign policy lib Hucklberry, the experienced and good on all the issues but with a less than perfect past as Guv of MA Romney (also hurt by anti-Mormon prejudice), real conservatives like Tancredo and Hunter, Fred Thompson, who may have been a real conservative, fiscal conservative but doesn’t work well with others and aligned with 9/11 conspiracy nuts Ron Paul, all attracting some segment of the base vote, you might still wind up with the RINO as nominee.

  22. #354526
    On June 19th, 2008 at 3:23 pm, Boomer said:

    I guess the sweat heart deals some of our Congress critters received are going to pay off big time to the irresponsible lending industry. The founding fathers have to be spinning so fast in their graves that you could hook up an electrical generator to them. I will be voting to oust every incumbent in office I see on my ballot in November provided I can afford the fuel to drive to the local polling place, it really is time to throw the bums out.

  23. #354528
    On June 19th, 2008 at 3:24 pm, Ed Mahmoud abu al-Kahoul said:

    Completely misleading and biased story from San Francisco

    McCain’s support among GOP women shows cracks

    aka, for California ‘Republican’ women whose number one issue is abortion, Obama is their man.

  24. #354532
    On June 19th, 2008 at 3:30 pm, khan said:

    #17:

    Good thing it’s up to the states to decide when they hold their elections. I mean, if you appreciate the Constitution, that is.

  25. #354533
    On June 19th, 2008 at 3:31 pm, Drained Brain said:

    McCain’s support among GOP women shows cracks

    An unfortunate choice of words, especially when emanating from San Francisco…

  26. #354544
    On June 19th, 2008 at 3:47 pm, Concerned Citizen said:

    It doesn’t matter if the Republicans vote for it or not. If they vote for the bailout, the Dems just use it to point out how Reps are helping out their buddies in big corporations and if they vote against it, they just want to screw over the little guy. Either way, without an unbiased media, we lose.

  27. #354555
    On June 19th, 2008 at 3:58 pm, Ron Rockstar said:

    On June 19th, 2008 at 3:30 pm, khan said:
    #17:

    Good thing it’s up to the states to decide when they hold their elections. I mean, if you appreciate the Constitution, that is.

    I’ll disagree with that. The states of Florida and Michigan tried to control their destiny and look what happened.

  28. #354562
    On June 19th, 2008 at 4:03 pm, Ahh a Lion! said:

    Of course Republicans will vote for this bill. There is no difference between the (R) and (D)’s. Plus with all the fun privacy invading legislation packed into that bill, how could any of them resist?

    Bailouts! Check
    Privacy Invasion! Check
    More Bureaucracy! Check
    Enhanced Government Power! Check

    So tasty…
    My favorite part? The bit about all mortgage brokers having to register their fingerprints with the Federal Government. Well, that might be trumped by the new bit about every transfer of money, be it Credit/Debit Card, Paypal, google checkout, etc. must be given to the Federal Government. Talk about Orgasmic!

    In all seriousness, why would the GOP vote against this. Just mention ‘National Security” and they will fall all over themselves to forsake everything they are supposed to stand for to vote for whatever horrible bill is currently in front of them.

  29. #354563
    On June 19th, 2008 at 4:06 pm, babbledabble said:

    #22 yeah great, so by the time it got to my state – the only one left was McCain. UGH. One of the least of my choices – if I’d had one.

  30. #354568
    On June 19th, 2008 at 4:15 pm, max said:

    A house is not a home. Happens to be one of those cliches that are true (i guess like all cliches that’s what makes them cliches, but i digress)

    A house is not a home, so if the bank forecloses because you (and your family) couldn’t afford the mortgage, then MOVE OUT and rent a cheaper apartment for God’s sake!

    Go to Craigslist, it’s FULL of apartmenets for rent…. save up and somedayt move to the palace you stupidly took out a loan you coudn’t afford on…

    freakin entitled society….

  31. #354579
    On June 19th, 2008 at 4:38 pm, riplag said:

    I cannot believe that MY senator, Shelby, is so stupid as to put his name to this abomination. I have lost all respect for him and will not vote fo him again!

  32. #354583
    On June 19th, 2008 at 4:43 pm, karenhasfreedom said:

    This bill is even worse than we first believed. Did you guys now that THIS WEEK, it was inserted into this bill that EVERY credit card or paypal transaction will be reported to the government? In this day of ID theft, giving the government all that data with no plans to safeguard the data is a very sobering idea. In addition, what the hell are they going to do with all that data? This is like giving the government the ability to give ALL of us rectal exams, it is so invasive. Check out this report on this bill here

  33. #354584
    On June 19th, 2008 at 4:45 pm, karenhasfreedom said:

    Here is the link. I guess I don’t know how to use the link button here.

    http://www.freedomworks.org/newsroom/press_template.php?press_id=2571

    The report is titled:

    Senate Housing Bill Requires eBay, Amazon, Google, and All Credit Card Companies to Report Transactions to the Government
    Broad, invasive provision touches nearly every aspect of American commerce.

  34. #354585
    On June 19th, 2008 at 4:46 pm, khan said:

    #25:

    disagree with it all you want, but states are sovereign and they get to set election dates, not political parties. the parties do, however, get to decide how to award their own delegates. no political party can dictate when a state can hold an election.

  35. #354629
    On June 19th, 2008 at 5:49 pm, bluedog said:

    I know it shouldn’t, but it amazes me the flowery language used on the committee’s website for this bill. Part of the bill is the HOPE(!) act:

    The HOPE for Homeowners Act: Creates an initiative within the Federal Housing Administration (FHA) to prevent foreclosures for hundreds of thousands of families at no estimated cost to American taxpayers.

    Congressional legislation that doesn’t cost taxpayers anything? They must have followed that rainbow over D.C. yesterday and found the leprechaun with the pot of gold!

  36. #354637
    On June 19th, 2008 at 5:56 pm, zorro said:

    And the dumbfounded republicans will wonder why their numbers will be less than 40 senators in the next Congress. Spineless bed-wetters. All of them. They have earned their minority status.

  37. #354682
    On June 19th, 2008 at 6:47 pm, graysonret said:

    The seed of an uncontrolled national government was planted many years ago, and now it is maturing. The American people have seen fit to remove all the safeguards against tyranny, and now the government runs amok. The sad part is that there are many people cheering. I’m reminded of a quote by Franklin to a lady after the Convention, who asked if they had a monarchy or republic, “A republic, ma’am, if you can keep it.” Sorry, Ben, we couldn’t keep it.

  38. #354699
    On June 19th, 2008 at 7:17 pm, terrig said:

    Good God, I certainly hope not but I don’t have much faith in any of them sitting up in DC.

  39. #354700
    On June 19th, 2008 at 7:17 pm, terrig said:

    Good God, I certainly hope not but I don’t have much faith in any of them sitting up in DC.

  40. #354701
    On June 19th, 2008 at 7:17 pm, terrig said:

    Yikes, sorry for the double post.

  41. #354720
    On June 19th, 2008 at 7:58 pm, love2rumba said:

    Ed Mahmoud abu al-Kahoul said

    It’d be nice in future years if the GOP moved a real Republican state like Texas or Oklahoma up in the primary order, to minimize the effect caucus states and Northeast states with questionable conservative bona fides have on the nominating process. New Hampshire used to be a good test, before all the Massachusetts libs moved in and took over.

    You said it Ed.

    By the way I’m having second thoughts about my opposition to McCain. Stay tuned.

  42. #355273
    On June 20th, 2008 at 9:56 am, pueblo1032 said:

    Yeah, right, BAIL THEM OUT!!! News this AM here in PHOENIX. 27 indicted for FRAUDULENT home mortgage schemes in AZ. Could get up to 30 years and fined as much as $1,000,000.00. Gee, PHOENIX, where housing prices in 2005 increased 55% in one year. This should be interesting to watch. Oh, and contact your ELECTED OFFICIAL and put this BOONDOGGLE to BED, where it belongs…

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