Monday, September 29, 2008

Bailout Bust: Disaster Overted for One More Day


Just a quick note to say that the bailout failed to pass the house with the help of 90 Democrats. This is a great day. I know that I said I wouldn't be listening to the Radio, but today has really been worth it. I listened to Rush and Hannity play clips from a 2004 congressional hearing in which Democrats, such as Barney Frank and Maxine Waters, defended Freddie Mac and Fannie Mae as being financially sound firms with wonderful leadership. One Democrat went as far as to say that the hearing was a "lynching" of the Freddie Mac CEO, playing the race card. The Republicans called for regulation and oversight and were very alarmed at the future. This has been and will be swept under the rug. Listening to Barney Frank praise Freddie and Fannie should be enough to send him packing, but it won't.

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