kaibab I am guessing you are a youngerguy thathas beenindoctrinated by liberal educators. I wouldask you to step back and consider the following.

I did support the Bush administration. He was not perfect but the idea he was fascist is way out there. It is irresponsible to make such a comment because it diminishes the meaning of what a Facist really is. (Hitler,Jews, ect) Why dont you back the Facist statement for all the dumb paranoid republicans with an example??????

As far as republican ideals messing up the country. Our current situation is a direct result ofthe GSEs Fannie Mae and Freddie Mac. These were started initially by Carter and then drastically expanded by Clinton under the Civilian Reconstruction Act. These Government Sponsored Enterprises were intended to help low income (ie minority) americans purchase homes. They needed to have approx 40% of their loans go to low income buyers. They were given competative advantages over the free market morgage companies and they quickley gained market share due to artifically low borrowing costs. They quickley saturated the market of low income buyers but wanted to continue to expand. In order to expand, they had to get higher risk low income loans in order to meet their quota to go after more of the lower risk morgage market.

These GSEs under the Clinton bill only held 2.5% capital compared to 10% for private morgage companies. That allowed them to leverage themselves at 400% the rate that the private companies did. These loans to non credit worthy buyerscreated a housing bubble, and with only 2.5% capital on hand system failure was almost assurred. Now thanks to liberal democrates all of us will be picking up the tab via the bailout. By the way how many out there know that nearly 60% of the morgages currently in foreclosure are not primary residences. They are investment properties. Kaibab I am sure you will want to deny that liberal democratic policies caused this mess so I am posting a link. This link shows actual house debate with the Republicans trying to regulate Fannie and Freddie and the Democrates saying nothin is wrong and continually hintingof racisim as the republican motive. This is not media bias but their own statements on the floor of the house.

http://www.youtube.com/watch?v=_MGT_cSi7Rs

Now who's ideals messed things up? It should also be noted that Bush sent a letter to the house urging regulation of GSE, as failure was likely back in 2004.

I would add that this bill Obama and democrates just signed will be studied for years to come as exactly the wrong thing to do and will make the situation worse. The idea that "we have to try something" assumes that there is no consequence to policy decisions and is obsurd.

Almost forgot to address this example of ignorace also. Do you realize thatunder the Bush tax code nearly 50% of Americans pay no income tax at all andthe top 10% of americans pay over 70% of all income taxes. The tax system is extremely progressive to the point of being unfair.