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Bush Angling to Help Fannie and Freddie

Posted on Jul 15, 2008
AP photo / Ron Edmonds

President Bush is still insisting that the U.S. economy is in generally good shape, even as he asks Congress to support legislation to help Fannie Mae and Freddie Mac, while insisting in the same breath that he’s not proposing a “bailout” for the ailing mortgage companies. Hmmm.

AP via

President Bush urged lawmakers on Tuesday to move quickly in putting into force legislation designed to help prop up mortgage giants Fannie Mae and Freddie Mac while declaring the nation’s financial system to be “basically sound.”

Bush said the two troubled mortgage companies play a central role in the nation’s housing-finance system and that government action to help them were not bailouts, since the two would remain shareholder-owned companies.

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By troublesum, July 15, 2008 at 7:23 pm Link to this comment

Bush is so already gone.  We want to kick Obama around.  Bush is boring.

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By Washington Bubble, July 15, 2008 at 5:58 pm Link to this comment
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I find it amazing at this point that there is anyone left that defends this guy and his policies.  Does he take a look at the news? Read a paper?  This guy and his band of merrymen (and women) have successfully_trainwrecked_a_country yet in his world he thinks things are doing o.k. and this is a small bump on the economic highway, (Reminds me of Monthy Python ” It’s just a fleshwound”). Bush has an issue with the goverment getting involved? He certainly didn’t mind back in the day of the Savings & Loan bailout that they helped out, surely he can remember that,(I know my kids will..). I’m not suggesting that the goverment, with all it’s wisdom, jump in at every issue. More pointing out Bush’s selective memory. What’s interesting is that at this point while Rome burns he is pushing for a war with Iran. What will be even more interesting is when that occurs, (sadly not “if”), how that will be sold to the US public while we are knee deep into an unpopular war in Iraq, heavily in debt, economy heading the wrong way.  What would it take to get the US public to back a war in Iran at that point?  Having seen what this administration has done in the past to sell policies I’m afraid to see what they may come up with.

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By mackTN, July 15, 2008 at 3:13 pm Link to this comment
(Unregistered commenter)

Somebody tells him what to do; I don’t believe he thinks up these inane things himself.  I bet even his family think he’s dumb.

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amunaor's avatar

By amunaor, July 15, 2008 at 12:39 pm Link to this comment

In 1913, when Congress turned over its Constitutionally delegated responsibility for gaurding the coin of the realm, to the ‘for-profit’ corporation of the Federal Reserve, the terminology of that time described this centralizaion of the money-power, as being handed over to a den of vipers and confindance men.

That’s what they are today - con artists, leaches and thieves.

Thank you Congress!

Peace, Best Wishes and Hope

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By hippy pam, July 15, 2008 at 12:25 pm Link to this comment


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By GW=MCHammered, July 15, 2008 at 12:19 pm Link to this comment
(Unregistered commenter)

heads of state who ride and wrangle,
who look at your face from more than one angle,
can cut you from their bloated budgets,
like sharpened knives through chicken mcNuggets.

shut the fuck up.
shut the fuck up.
learn to buck up.
shut the fuck up.
learn to buck up.

(Nugget by Cake)

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By Sol, July 15, 2008 at 12:15 pm Link to this comment

I have no doubts now that this man is not only dangerous but he is fully retarded. I cannot wait for November to arrive.

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By samosamo, July 15, 2008 at 10:49 am Link to this comment

Sound economy for the top 1% of the money grabbers. I think if obama becomes president he had better be conferring right now with some people about how correct this bushmess. And I am not talking about benacke whoever either. I am talking about fiscally sound and responsible people.

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By webbedouin, July 15, 2008 at 8:55 am Link to this comment

“you have even less of a conscience, than Nixon.”

Now that’s easier said than done.  Attaboy W!

I know that there is some kind of religious belief in the strength of all mighty dollar, but i can’t help but wonder what do ya do when the dollar is as worthless as it’s backing?

The dollar’s backing, otherwise known as the full faith & credit of the US government.

We’re freakin’ doomed…

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By Sang Ze, July 15, 2008 at 8:34 am Link to this comment
(Unregistered commenter)

Let them eat cake.

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By G.Anderson, July 15, 2008 at 8:26 am Link to this comment

At this point Mr. Bush you have some serious credibility problems.

Since you are the one who created this mess, with your deluded conservative views of the economy, the odds are infintesimal that the same delusions will correct things

The facts speak for themselves. Today the dollar hit an all time low. Millions of American’s are loosing their homes. Gas prices are at an all time high.
Banks are failing just like the great depression.

At least Nixon resigned.  All that means is that you have even less of a conscience, than Nixon.

If you really want to fix things Mr. President then for the good of the country resign. Let us all breath a little easier for the next six months without having to worry about what other plans are hatching in the dim recessess of your so called brain.

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By Jim Yell, July 15, 2008 at 8:16 am Link to this comment
(Unregistered commenter)

The news is “why is this incompetent still in office?” “Why are even the opposition political people turning to validation of the lawlessness of this man/child?”

Why does the Republican Party and its supporters hate America and Democracy? Now that is news.

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