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Let’s compare the U.S. Government to a multi-millionaire with multiple assets who becomes broke. What does he do? He sells his assets to satisfy his debts. The U.S. taxpayers own untold millions of acres of federal land. They should sell enough of this asset to get out of this financial mess! They should overrule the eco-terrorists and do something that will benefit U.S. citizens including allowing drilling for our oil wherever it is located. The government calls this a bailout. I call it nationalizing. What is next?
The Democrats, Barney Frank, Chuck Schumer and others, are pointing their finger at the Bush administration who in 2003 tried to get a reform bill through congress, but it was defeated by Barney and Chuck and their Democratic allies. If they want to blame someone, just look in the mirror.
The root of this disaster started with the Carter administration with a federal law forcing banks and other lending institutions to provide loans for affordable housing, that was later labeled sub prime loans. The loans went to people who could not afford the payments and everyone knew it. If Obama is elected president, before his term expires, the United States of America will be changed to The United Socialist States of America (USSA).