Republican stall Dems in House showdown; Bush threatens to veto proposed funding packages

May 8th, 2008 • Related • Filed Under

The Democrats are attempting to push the limits of government assistance with an extensive housing bailout proposal. By which, foreclosed properties and lenders will be aided, or should say completely covered by Federal money (as in $300 billion). Federal money meaning, of course, by tax-payers and with increased government expansion along the way. The move even has President Bush (no stranger to big government) nervous. Additionally, a second package, the war funding bill, is so loaded with domestic projects and election year spending as well as conditions on war policies, that President Bush said he would not even entertain the package’s proposals unless certain measures and spending bills are taken out.

Meanwhile, GOP congressmen attempted several times to stall the proceedings in the House but the Democrat led congress did their best to push the Republicans out of the debate. In other words, the gridlock is firmly in place.

Best quote:

House Minority Whip Roy Blunt, Missouri Republican, said the housing debate has turned into a “one-sided Democratic monologue” about how to reward real-estate speculators, bail out irresponsible lenders and force honest taxpayers to underwrite the reckless actions of others.

“The federal government is already the worst landlord in America, thanks to Democrats,” he said. “It’ll have a chance [now] to be the worst mortgage broker in America as well.”

Your taxes at work.

Worst
Congress
Ever

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