Congress is in the process of "fixing" the mess it created when it imposed lower lending standards and coerced mortgage lenders to give loans to people who could not afford them.
That is the root cause of the current financial fiasco we face.
Why should the American people expect the same people who screwed up the mortgage industry to somehow fix it?
Does that make sense to anyone?
The ''Fix" that came from the US Senate last night contained earmarks - pork - to the tune of about 112 Billion dollars.
Even when "fixing" a real problem the politicians cannot resist the urge to buy votes. After all, it is an election year. And heaven only knows what the country would do without a federal subsidy for wooden arrows.
Perhaps the House will come to its senses.
But don't count on it!
Thursday, October 2, 2008
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