Feds plan market earthquake

...and government intervention in the market will once again rear its ugly head.

AP: "The mortgage aid plan would let the Federal Housing Administration back $300 billion in new, cheaper home loans for an estimated 400,000 distressed borrowers who otherwise would be considered too financially risky to qualify for government-insured, fixed-rate loans.

In 83-9 vote puts the plan on track for Senate passage as early as Wednesday, but President Bush is threatening a veto, and Democrats are fighting each other over key details. Those challenges will probably delay any final deal until mid-July."



Democrats, you procede down the path of Marxism.
Republicans, I will not forget this. I can't work up my ire today, the world is to great a place for that. But this will come back to haunt us.

And with exciting stuff like this happening around us in america, who really has cause to complain about the economy? Heck, we have cheap food, low cost energy, the internet, we're surrounded by items that would astound even those of a hundred years ago, freedom to speak and worship as we please, and right to a trial by our peers.