Tuesday, September 30, 2008

John Boehner is a whiney little bitch!! Hmmm....This turned into quite the little rant!

Had to include that clip because he cries! There's no crying on the House Floor!!!!!!!!

I am sick of hearing that partisan politics (Wikipedia defines: Devoted to or biased in support of a party, group, or cause.) has ruined things in Congress. In the US government this IS THE STANDARD! If an agreement on a particular bill can't be reached, then the presenting faction is to blame for not having compromised in favor of the other party's interests. In the case that the executive branch hands down a bill to congress, it must take both parties' needs into account in order to pass it. These are the fundamentals of our government's system of checks and balances!

If Nancy Pelosi's speech today changed any representative's vote on the economic bailout proposal, then those who changed their minds should not hold the positions they do! A responsible politician should leave his/her feelings at the door, and focus on the situation at-hand. However scathing and ill-advised that speech may have been, it had nothing to do with what was written into the bailout proposal! Either these representatives were looking for some excuse not to vote for it, or they didn't understand its importance. Get it together you fucking crybabies!!

I would like to note that I do not support any "bailout" of these failing finance companies by American tax-payers this includes Fannie Mae, Freddie Mac, Bear Stearn, etc... I think the market will correct itself regardless of any funding by the federal government. The bailout will only prolongue the inevitable bottoming-out of the finance and housing markets. The lesson to be learned is that risky lending is exactly what it sounds like. Lenders have created this crisis by lending to high-risk borrowers whose credit ratings were such that the FHA deemed them uninsurable. Now, these already over-extended borrowers are having trouble paying their bills, and in turn the lenders' credit scores have begun to drop as premiums fail to be paid. All the while, housing prices have continued to inflate to the point where the average person can't possibly afford a home without entering into a high-risk, adjustable-rate, piece-of-crap loan. If it sounds too good to be true, then it probably is too good to be true! The lesson: Don't live beyond your means!!!

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