Michelle Malkin this morning,points to the Democrat screaming for some kind of loan relief, and says:
Insane: Take from responsible taxpayers and give to homeowners who made bad investments and are up to their eyeballs in debt.
True enough. But as I remarked elsewhere, let’s remember the involvement of the government enforcing the banks into those loans in the first place in the name of “equal opportunity” shall we? They were the ones responsible for creating this situation and the first place. And let’s remember that it was people like John Edwards who were most profiting by these loans existing in the first place…. To the tune of millions of dollars, in the case of Edwards.
Now that their money is made, there are asking for government to bail out the people who couldn’t pay the bill. Essentially, what we have here is a guaranteed income for people like John Edwards. At the expense, of course, of the taxpayer.
Now, perhaps, you begin to understand why the press was all fired up about the mortgage “crisis” that I still maintain exists only in the myths of the left and the otherwise mindless. It is part of the consistent effort exhibited of late on the part of the left to convince the American voter that the American economy is in the crapper.
And why would they do that? Fine, I’ll spell it out for you:
What has been, thus far the one unassailable success during the Bush administration? The economy.
Now… Tell me, what happens in November of next year?
