Yesterday was the day wished forgotten by that misbegotten collection of pseudo-economists we elected to congress and the Presidency.

Yes, in 2003,  Bush signed the bill overwhelmingly passed by Congress.

Greenspan cut interest rates to 1% to stimulate home ownership.

Amazing! That worked so well in the past five years, we’re going to do it again.

Whorehouse Harry Reid and his House Madam, Pelosi just pimped up another massive Viagra Bill for housing and Bush, on his spavined nag, signed it, as he rides off to Crawford.

Bernanke dropped rates to 1% again.

On Tuesday, we have an avowed communist (in his own words, he redistributed candy in first grade) who doesn’t know the difference between a dividend and a doughnut and someone who wasn’t smart enough to steer clear of the S&L debacle.

Did someone forget to change the reel in this movie?

Congress depleted this weekend administering anesthesia to the taxpayers; the actual fiscal bailout device is a suppository wrapped in #60 grit sandpaper.

Please use these to prevent severe lower back injury from sudden attempt to stand erect. Secure wrists and ankles before BAILOUT is administered!

No irritation protection necessary, this will take your mind off the insertion!

For this, what do we get? Bad paper, paper the banks don’t want and no ONE can sell. What anchors this paper? Foreclosed houses, which cannot be sold now, will not be sold in the near future and after standing empty, become even more desirable, correct.
Has anyone ever seen abandoned or closed government property? Slums have higher resale value. What do you think a stripped house is worth as collateral to John D. Taxpayer?
This is what your collateral will look like, euphemistically called a “fixer-upper” by your friendly Realtor.

Imagine a $400,000 mortgage securing this wonderful three story country farmhouse with mountain views on a country lane.

Listen to Chris Dodd or Barney Frank, or your congressman/woman entertain you with caring tales of past sensitivity to taxpayer plight. In a pig’s brown eye they do. Paulson certainly doesn’t. Bush read his idea of a good deal off the teleprompter. Bail out my buds and all is swell. (Paulson’s idea of getting along)
However the mushwits in DC tell us we need to jumpstart the housing industry, get them going to put the economy “back on track.”

” HUH?” What are they smoking?

Call your congress critter; tell him/her to be generous. Let the banks and Wall Street keep their great deals for themselves. We need this crash to get people off this insane living on this house of credit cards. Credit tightens up, people drive beaters (just like the Jones’) and they’ll take jobs the illegals won’t do.
Let Paul pay for his sins now. Leave Peter’s pockets alone.