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You do realize that Democrats AND "Republicans" were equally guilty in the passing of this Leninist bill?
I applaud this non-RINO conservative and lament the McCain and Obama backing apologists as they provide their dodgy excuses as to why Fannie and Freddie need to be bailed out.
People use scare tactics like "we NEEEEEEEEED secondary markets for mortgages or else people will riot, resort to cannibalism and the world will come to an end"
You do realize that Democrats AND "Republicans" were equally guilty in the passing of this Leninist bill?
I applaud this non-RINO conservative and lament the McCain and Obama backing apologists as they provide their dodgy excuses as to why Fannie and Freddie need to be bailed out.
People use scare tactics like "we NEEEEEEEEED secondary markets for mortgages or else people will riot, resort to cannibalism and the world will come to an end"
The US is a 2 party nation. NOT! More like one party to me. If ever there was a time for a new party with a plan, not smoke and mirrors, now is the time to lead.
The US is a 2 party nation. NOT! More like one party to me. If ever there was a time for a new party with a plan, not smoke and mirrors, now is the time to lead.
America is made up of the socialist Republicrat party with two colluding subparties, and a few dozen people in both houses who actually get it.
That's not all. House Financial Services Committee (http://www.house.gov/apps/list/press/financialsvcs_dem/press072308.shtml - broken link)
Quote:
The cost of the bill (except for the Fannie Mae/Freddie Mac provisions) is fully offset with a tax compliance provision from the President’s Budget (requiring credit card companies to report more information to the IRS about credit card transactions) and by delaying the effective date of a tax benefit for multinational companies that has not yet taken effect.
How is the cost of this bill fully offset with a tax compliance provision? It forces credit card companies to report all transactions to the IRS. If you buy something on eBay, the IRS will know. They'll also know who you bought it from and what taxes they are liable for. Now isn't that a neat way to pay for this piece of crap legislation?
People need to get more involved with what congress is doing.
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