Posted on 07/30/2008 9:03:32 AM PDT by djsherin
WASHINGTON -- President George W. Bush early Wednesday signed into law the government's most aggressive effort to combat the country's housing crisis, ending months of sometimes bitter fighting over the best way to curb foreclosures and calm financial markets.
The White House announced in a statement that Mr. Bush has signed the sweeping housing package, making it law with none of the pomp customary for significant legislation. Spokesman Tony Fratto said the bill was signed in the Oval Office at 7 a.m. EDT as Treasury Secretary Henry Paulson and five of the administration's top economic officials looked on.
(Excerpt) Read more at online.wsj.com ...
How’s he going to pay for this bailout?
I wish he had held onto his veto threat!
So he IS a Socialist. Just like all others.
I have suspected it for some time, now.
Carolyn
By devaluing the currency even further.
“signed the sweeping housing package, making it law with none of the pomp customary for significant legislation.”
Nis name is still on it, as are all the rinos that voted for it.
There we have it, the free market at work from this great free trade/free market president.
How many free traders in Congress voted for this? Let the free market work, they always say.
Ok, I have not seen or read the details of this bill. What exactly does it do? I am trying to be fair, but something tells me that once learning all the details I am going to be overwhelmed by the stink.
What free market?
“What free market?”
The free market that all too many Republican presidents and members of Congress have pretended there existed here, there and everywhere. And they’ve based far too many policy on their pretend free markets over the years.
Why do we even still pretend that this is a free market economy?
We criticize and ridicule the socialist economies of Europe yet we are not much better.
All hail socialism!!!!
The same people will default because they do not have the money.
The only difference is that now my children and grandchildren will have to pay for someone else's idiocy.
Good Grief!
It’s open ended. He doesn’t even care how much it will be, let alone how to pay for it.
Even so how is a person who owes $500K on a $300K house going to get a loan or refinance it? This money is all going to disappear, and no one will benefit except the criminals in DC. I guess we are getting the government ready for Obama's reign of socialism.
“DUMBASS” Bailout Bill!
LLS
There we have it, the free market at work from this great free trade/free market president.
How many free traders in Congress voted for this? Let the free market work, they always say. - Will88
The market is only “free” until the taxpayers have to bail it out
I find, that, those who talk free trade/free market are the ones who have no real understanding of such....and are the quickest to call on taxpayers to bail it out
I don't know what it is going to do, but Rush said in reading through it, it will not bail out near as many people who thought it would.
“That speaks volumes about it.”
Reminds me of his cowardice when he signed the McCain’s CFR bill. What a disgrace both of them are.
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