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I wasn't prepared for this...

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May 07, 2008 – Comments (0)

President Bush is doing something somewhat courageous, and quite right: telling bleeding-heart political opportunists like Barney Frank and Chuck Schumer where they can stuff their latest, short-sighted bailout plans.

Bush Says Democrats' Bill
Would Reward SpeculatorsAssociated Press
May 7, 2008 12:42 p.m.

WASHINGTON -- President Bush threatened in brief remarks Wednesday morning to veto Democrats' broad housing rescue package, saying it won't help struggling homeowners.

"We are committed to a good housing bill that will help folks stay in their house, as opposed to a housing bill that will reward speculators and lenders," Mr. Bush said at the White House after meeting with House Republican leaders.

The White House had said late Tuesday that it was planning to veto the bill.

The measure, aimed at preventing foreclosures, would have the government step in to insure up to $300 billion in new mortgages for struggling homeowners...

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