Talk about pouring gas on a fire.
Free government money buys votes for socialist parasites.
So, 2.4 trillion more.
Let's see.
When Bush came into office, the Federal Government's budget was 2 trillion per year.
It's three trillion now, and is going to get to be at least 3.4 trillion per year when they're done with the bailout. More if this Pelosi thing goes through.
Does nobody get the sense something is horribly, horribly wrong?
Yeah ... Bush ran as a republican and governed as a democrat ......
Man, the Dems just love this one they snuck into this bill, too. Michelle Malkin did a great job breaking it down on her blog.
ADDITIONAL CONTRACTING REQUIREMENTS.In any solicitation or contract where the Secretary has, pursuant to subsection (a), waived any provision of the Federal Acquisition Regulation pertaining to minority contracting, the Secretary shall develop and implement standards and procedures to ensure, to the maximum extent practicable, the inclusion and utilization of minorities (as such term is defined in section 1204(c) of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (12 U.S.C. 1811 note)) and women, and minority and women-owned businesses (as such terms are defined in section 21A(r)(4) of the Federal Home Loan Bank Act (12 U.S.C. 1441a(r)(4)), in that solicitation or contract, including contracts to asset managers, servicers, property managers, and other service providers or expert consultants.
As for the government stepping in to re-negotiate rates, other sections seem to imply that if you paid a point to lock in a certain rate, your neighbor who got an ARM or interest-only NINJA loan might now, in fact, get a rate lower than yours.
Enjoy, America!
Man, the Dems just love this one they snuck into this bill, too. Michelle Malkin did a great job breaking it down on her blog.
ADDITIONAL CONTRACTING REQUIREMENTS.In any solicitation or contract where the Secretary has, pursuant to subsection (a), waived any provision of the Federal Acquisition Regulation pertaining to minority contracting, the Secretary shall develop and implement standards and procedures to ensure, to the maximum extent practicable, the inclusion and utilization of minorities (as such term is defined in section 1204(c) of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (12 U.S.C. 1811 note)) and women, and minority and women-owned businesses (as such terms are defined in section 21A(r)(4) of the Federal Home Loan Bank Act (12 U.S.C. 1441a(r)(4)), in that solicitation or contract, including contracts to asset managers, servicers, property managers, and other service providers or expert consultants.
As for the government stepping in to re-negotiate rates, other sections seem to imply that if you paid a point to lock in a certain rate, your neighbor who got an ARM or interest-only NINJA loan might now, in fact, get a rate lower than yours.
Enjoy, America!
Ah, how typical of the Democrats. Although, the phrase "to the maximum extent practicable" is so vague that the Secretary can probably do whatever he wants with this.
You're not hearing anything in the press but from what I am hearing our elected officials are in the middle of howling voter storm. People are livid at the concept of a bailout and are letting their DC employees hear of it. I suspect we will see some unpredicted seat changes in November due to what happens with the bailout.
Indeed. I was fortunate enough to watch the Pelosi-Reid-Frank-Dodd press conference last night, they certainly took a very odd position of claiming credit for the bill and getting it workable, despite also claiming that it was a Republican bill that had nothing to do with them but had been transmitted from the President.
Though this was perhaps less odd than Dodd claiming the reason we were in this mess was because of a lack of oversight.