Sep 30 2008
Thank God California Placed Nancy Pelosi in Office!
Acting as “Majority Speaker for Congress”, Nancy Pelosi was probably single handidly responsible for the defeat of the “Emergency Economic Stabilization Act”, since she siezed the opportunity to rail Republicans before the vote.
That original bill was not only rushed to vote prematurely, but it was stuffed with generous “earmarks” supporting organizations that were at the heart of the current mortgage default crisis including ACORN.
What are you trying to do to us? What are you trying to do to America? You Californians are at the epicenter of this whole mortgage problem anyway, asking the rest of the nation’s taxpayers to bail you out of idiotic speculation that has driven housing prices there to $600+ per sq/ft.
Many investers there are on the sideline, just waiting to buy in when and if housing prices fall below a half million for a 1200sq/ft starter shack. There’s plenty of investment money setting on the sideline there waiting for “reasonable” housing prices.
There is no reason for American taxpayers to artificially prop up bad investments in California or anywhere else. There is no real mortgage crisis there that the rest of the nation needs to bail you out from.
The only problem you have is over-speculation and second mortgaged beamers setting in your driveways.
The rest of the nation can’t pay for that!
Fire Nancy Pelosi this election year and maybe we can hear you then.
Engineer2
