Government could reward me by spending tax dollars responsibly and returning the unused portion back to me. I don't expect a handout, I expect leadership in Washington, but we won't see that until barry is voted out of office in 2012. He WILL be a one term President just like Carter was. The stock market hasn't been this low since the last time a democrat was in charge.

It boggles the mind at how Nancy Pelosi and her minions (barry and Harry) can take our tax dollars and hand them out in the form of welfare checks to people that don't pay Federal taxes and then with a straight face refer to it as a tax cut. They must think that we're stupid.

At least more of us are stupid than smart. They actually were able to do a headcount in November - it was called the election. The results speak for themselves as we watch this tool of a President being controlled by the Socialists who are determined to bury big business (and will take small business with them) and recreate the Soviet Union right here. Watching the exit interviews at the polls only reinforced that the stupid among us are really, really stupid - not just a little stupid.

Sure he will be a one-termer, but he has shown an incredible talent for destroying things quickly. In 30 days he has ruined thousands if not millions of retirement funds and caused millions to lose their jobs. He knows that tax cuts would get us going again, but that is not what his socialist puppet masters want. They want to destroy capitalism and grow government.

Still a non-believer? Next step censorship of of talk radio. After that seizing your 401k and rolling it into social security. After that - who knows?

Leadership apparently means to you: no taxes only.

But more than likely not spending any of them on others.

For you to blame the administration who has been in power for 30 days with the stock market problems, tells me that you accept no arguments from those who are of a different persuasion than you.

So I won't argue.

No nit, it means good stewardship of citizen's tax dollars - something that President Bush failed miserably at.

It means that we expect our leaders to admit that there is pork in the largest spending bill in history, and not try to deceive the ignorant masses by saying that there are no earmarks.

We expect them to admit that there is very little stimulus in this spending monstrosity, and there is very little in it to stimulate the economy.

We expect President Pelosi and her minions Harry and barry to admit that their goal is to grow government and make people dependent on government for the sole purpose of retaining their power over them.

Persuasion? Typical of libs like you to throw out the race card when people disagree. Dems are known for using the race card or calling people Nazi's if they don't like their opinions.

The United States of America
July 4, 1776 - Jan 20, 2009
Rest in Peace

Bush and McCain to the rescue! As Paul Harvey says here is the rest of the story:

Bush and McCain supported legislation called the Federal Housing Enterprise Regulatory Reform Act of 2005. What happened to it?

On Jul 28, 2005, (when the Republicans controlled 55 seats in the Senate) Richard Shelby, Chairman of the Committee on Banking, Housing, and Urban Affairs, confined the bill to his committee and refused to allow it to come to the floor for a vote.

Why don't you explain the purpose of the Legislation?

The Federal Housing Enterprise Regulatory Reform Act of 2005 would have established oversight of the Department of Housing and Urban Development (HUD), and created an independent Federal Housing Enterprise Regulatory Agency which would have authority over the Federal Home Loan Bank Finance Corporation, the Federal Home Loan Banks, the Federal National Mortgage Association (Fannie Mae), and the Federal Home Loan Mortgage Corporation (Freddie Mac).

It was actually Chuck Hagel's bill.

I see it discussed in the right wing blogs saying it was killed by House Democrats. Left unmentioned is the fact that they dropped it after Shelby killed it in the Senate and passed another regulatory bill the next session. The FHERRA of 2005 was followed up by the Federal Housing Finance Reform Act (H.R. 1461) which passed the Democrat controlled House 331 to 90 only to again die in the Republican controlled Senate.

Republican Michael G. Oxley, Chairman of the House Financial Services Committee, blasted the Senate for this in the WSJ back in 2006:

Fannie Mae Bill: We Invite the Senate to Act

None of this legislation was necessary although it would have been nice to pass it into law to force the Bush administrations hand. Here's what (Republican) Oxley wrote agreeing with the Wall Street Journal's editorial taking that position:

“I concur that the administration possesses the full authority necessary to move forward. There is no need for congressional approval. If administration officials believe that the systemic risk is so great that the Treasury should limit debt issuance and therefore portfolio size, I see nothing that prevents them from doing so. If that is their firm belief, then it is also their responsibility to protect the taxpayers and the housing finance system. “

The purpose was to bring inner city residents out to the "Burbs".. The program "GAVE" mortgages to people, qualified or not, homes..
I saw people making $12-15 dollars an hour buying homes in the $300's..
They paid a graduated payment up to year 3 when the total payment came crashing home..
Without a change of attitude and responcibility the Program was destined to fail.. and Fail it did.... however the banks were not allowed to foreclose.. Fannie Mae and Mac had guranteed the loans.. so they just rolled them over.. One bad loan led to another and another..