Also see: Fannie Mae and Freddie Mac Bailout on its Way
"Senate passes rescue package for US housing; Bush to sign measure; analysts say it's not enough" by Lori Montgomery and Paul Kane, Washington Post | July 27, 2008
WASHINGTON - Consumer advocates and other analysts said the package of programs for cash-strapped homeowners and shaken mortgage lenders is unlikely to relieve the foreclosure crisis that is driving the nation toward recession.
An estimated 8,500 families a day are falling into foreclosure and that one in every eight homes is projected to enter foreclosure over the next five years.--MORE--"
Meanwhile, the banks are going to get an $800 BILLION government bailout, folks!
At the same time, this Congress is going to block what public opinion (however manipulated) demands!
"Speaker Nancy Pelosi, Democrat of California, is vehemently against letting the House vote on offshore drilling. She and Senate Democratic leaders also have shut down normal summer work on spending bills to prevent offshore drilling from getting a legislative footing in the appropriations committees."
That's AmeriKan DEMOCRACY for you!
Of course, when it WAR MONEY or MONEY for ISRAEL it sails right through!!!!
"Senate Republicans block heating aid bill" by Matt Yancey, Associated Press | July 27, 2008
WASHINGTON - Republicans blocked the Senate yesterday from considering a bill next week that would nearly double federal aid to help the poor pay heating and air-conditioning bills.
Although a dozen Senate Republicans support the measure, most voted with GOP leaders who would rather spend the time trumpeting their call to expand offshore oil drilling before Congress takes six weeks off for vacation and the presidential nominating conventions.
Democrats needed 60 votes to substitute the measure on heating and air-conditioning aid in place of the debate on an expansion of offshore drilling championed by President Bush and GOP presidential candidate John McCain. They got 50 votes yesterday, with 35 Republicans voting against changing the topic.
Speaker Nancy Pelosi, Democrat of California, is vehemently against letting the House vote on offshore drilling. She and Senate Democratic leaders also have shut down normal summer work on spending bills to prevent offshore drilling from getting a legislative footing in the appropriations committees.
Oh, I see!
We are FOR IMPEACHMENT, and that's off the table!!
We are AGAINST the WARS and the SPYING, but that SAILS RIGHT THROUGH!
Now we want the oil drilled for, and she is BLOCKING THAT!!!
How about BLOCKING the WAR MONEY, beee-aaach?!?
Time to IMPEACH PELOSI, too!!!!!!!
