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Bush signs housing bill to provide mortgage relief

This is great! Now government can use my tax money to bail out the poor decisions of a small percentage of my fellow Americans. Maybe next they can pass a bill to pay for gas for everyone driving an SUV (I can ill-afford to drive mine anymore). Why we are on our way to a socialized system, lets get national health care and more federal intervention in the school systems.
Shame on President Bush and his fellow conservatives in whom I try to maintain some degree of hope and respect.

I'm so disappointed George.

It's an election year. "Do nothing" is not an option, even though it should be the solution. Since Democrats are always willing to intervene (and believe that intervention is always the solution), and Republicans can't appear as the "did nothing" party because that would be too much election season fodder for Democrats, we have massive government intervention pushed through as a "compromise" by both parties. The result we will get is the government doing something that the market should do, but the government will do it much worse. Have we not seen this in every other government program? They always have good intentions, but the unintended consequences always end up being much worse. The most galling aspect of the package is the $4 billion going to cities to buy up distressed homes and then resell them at what they believe are affordable prices. Why should we assume that cities have to fill this function using our tax dollars? Why do we assume that there are no entrepreneurs that would step in and use their own money to buy distressed properties, fix them, and sell them? Oh, that's right, because we think the government should do everything for us.

This country was started because of a George (King George); it's first president was a George; perhaps it is destined to be finished off by some Georges (George Sr and George Jr). He (George, Jr) is sure doing his part. Make no mistake, he is a globalist/socialist (like his father) dressed up like a conservative. In country terms: wolf dressed up like a sheep.

Today, ladies and gentlemen, we learned that Merrill Lynch wrote off $5.7 billion in bad mortgage debt. That brings a total loss at Merrill Lynch since last June to more than $46 billion. Boy, I'll tell you, those predatory lenders really cleaned up, didn't they? They got whacked, $46 billion in assets, a pile of money all but impossible to visualize, up in smoke, while they're described as predatory lenders. They may be idiots, but they're not predatory lenders, and they may not have had any choice given the hot air breathing down their necks from Congress demanding they make these stupid loans. So they ghave to take the hit at Merrill Lynch, pay the price, tighten their belts -- have to rebuild while everybody is wondering, "Will they make it?" and confidence is low. Unlike bureaucracies, however, their bad decisions, their bad laws, their bad regulations, they don't have to do anything, just find a scapegoat and raise taxes. All you class-envy Americans out there feel better. Only the rich are going to be taxed.

Logic says you tax those who have money. Thus we tax the rich. Then we tax the middle class. Taxing the poor makes no sense at all.

Bush had to sign the bill because we are looking into the economic abyss, and it is scary. Bush knows it. He will moan, groan, gripe, complain, rubs his palms together... but he won't tell us the truth: we are close to the economic abyss and I thought it might be good to tie a rope to a tree and tie one end of it to us!!! That is all he did by signing the bill.

we are closer to falling than to rising up and stepping back.

Hurry Obama, we need yah man.

If you were homeless, would you want an advocate for your circumstance? Those advocates never tried to get them out of their circumstances. They just exploited them and gave them a shopping dart and then they realized some shopping carts have trouble at curbs. So residents of New York city, productive that own property, are taxed at a higher rate than the socialists in the EU charge, and the governor of New York is now saying it's not enough. It's not enough. The evidence for what happens with high taxes and large welfare states is all over the world to see. New York, the latest example of it, and yet the Democrat Party has announced, they've nominated a candidate who wants to do as much as he can to replicate the budgetary and tax policies of New York state into the federal government. Obama wants to do is raise our taxes, he even has a bill out there that they're working on that's called the Global Poverty Act, which would raise our taxes to wipe out poverty around the world?.

After 2008, when Obama don't get elected, and we all know he won't, his wife will pout and say husband loses his job, an earthquake turns grocery stores to rubble, or market prices well too much for the family to afford now, will this housing bill to provide mortgage relief help out this slum-lord to?.

Boo. He caved into democrats. He should have stuck to his guns and vetoed the bill.

There are a million creative ways to help those who gambled with their home loans. Throwing money at the problem is the worst solution.