Thursday, May 08, 2008

Because if there's one thing this White House hates...

Ok. I don't pretend to understand the housing market. That sort of thing is, if you will, way on the other side of the river from me. So this isn't about that. But take a look at this article, and, well, see if the same thing strikes you as struck me.

The measure would let debt-ridden homeowners refinance into fixed-rate, government-backed mortgages they could afford.

Congressional analysts say it could help as many as 500,000 borrowers and cost $2.7 billion over the next five years.

The White House calls it a burdensome bailout that would open taxpayers to inappropriate risk and reward those who helped cause the housing crisis.

Heckuva job, Bushie.

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