Well here you have it folks, George W. Bush will go down in history as the most socialist president in our history, and that includes Lyndon B Johnson! He almost admitted this morning that he made the biggest mistake in presidential history! I'm now sorry I voted for the guy two times. At least now we'd be looking at the end of John Kerry's first term and figuring out which REAL conservative was going to replace him in the white house.
Why the harsh words from a former Bush supporter. Because the guy simply doesn't care anymore! There were a number of other ways to help the situation with the banks, but he caved in to the Democrat rush to save the banks. Banks fail and new banks take their place, it's the way of the world. But now we're on the verge of socializing our entire banking system. Just give it 8 years with Obama folks and a Democrat congress and we'll all be good socialists!
But saving Fannie and Freddie is a good thing isn't it. I'm not so sure. I think there were other ways to perserve Fannie and Freddie without federally guaranteeing their survival. Fannie and Freddie are more then capable of borrowering from the government and I'm not sure that process was fully reviewed. The easy solution is to heap it on the backs of the American citizens and then run for cover when they start complaining about their ridiculous tax burden.
Furthermore there were some other bone headed idea's, like getting rid of down payment assistance. You can tell that the democrat's are up to their eyeballs with bank lobbyist cash. The Republicans might be in bed with the oil company's, but the Democrats are partying hard with the banks!
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