mortgage

ATLANTA, GA -- “The American people cannot afford to keep bailing out big businesses, lenders, investment bankers, and brokers who made big mistakes,” says Bob Barr.“With bad financial news continuing to pile up, officials at the Treasury Department and the quasi-government companies Fannie Mae and Freddie Mac are talking about a bail-out. We must turn these organizations into true private firms, with no special access to the Treasury,” insists Bob Barr, the Libertarian Party presidential nominee.

ATLANTA, GA -- "When George W. Bush entered the White House in 2001, the federal budget was in balance; no longer. This year the deficit is nearly $500 million – half a trillion dollars -- a record, and roughly three times larger than last year's deficit. Yet, even as the economic downturn is forcing many American families to cut back their spending, Congress just passed and the president is preparing to sign a massive bail-out bill for the housing industry that significantly increases government red ink – raising our national debt to $10.6 trillion," observes Libertarian presidential nominee and former Georgia congressman Bob Barr.

Libertarian candidate for Governor, Andy Horning, writes about today's vote on the improperly named Foreclosure Prevention Act on his blog, We Declare.

FREEDOM, IN -- HR 3221, or the deceitfully named “the American Housing Rescue and Foreclosure Prevention Act of 2008,” which passed through the House of Traitors yesterday, and is on the way to the Traitors’ Senate for a vote tomorrow, is about 600 pages long.

In six hundred pages, you could easily fit the USA Constitution, the Indiana Constitution, the Declaration of Independence and my favorite Robert Heinlein novel.

What’s in all those pages that will be signed into law?

Well, a lot; and none of it is good.

For instance, all credit card transactions will thenceforth be reported to the IRS. Why? Because nobody will stop this.

The national debt ceiling will be increased up to 10.6 trillion dollars. Why? Because nobody will stop this.

WASHINGTON, D.C. -- South Carolina Senator Jim DeMint rips the Freddie Mae bailout and fellow senators. Ready for a seven minute primer on what's wrong with this bailout, check out the video.

EVANSVILLE, IN -- The House of Representatives today decided to ignore the true causes of intense pain in the housing market, and let Freeloading Freddie Mac and Fiendish Fannie Mae get a pass for ripping off American home buyers and the taxpayers. They seldom get it that when any market stumbles and falls, it's because the government pushed them.

It will be very interesting to find out who Leviathan will send to protect the reputations of the federal architects of disaster when the masses gather with pitchforks and torches, thirsty for tax revolt. These taxes will be more than people will be able to dream of paying once the final bill is tallied.

Taxes will be attempt to be raised and even more likely, in an extremely steep way, to pay for the "Banks that Tanked" fiasco. A truly hard lesson learned in just how intensely stupidity can be engineered by Uncle Sam himself and his failed policies of government interference in the housing market.

WASHINGTON, D.C. -- “Both the House and President George W. Bush have surrendered in the battle to protect America’s taxpayers from yet another expensive and unnecessary bailout,” says Bob Barr, the Libertarian Party candidate for president. “The $300 billion measure yesterday approved by the House and endorsed by the White House won’t just pay off improvident borrowers and lenders. It will create yet another piggy-bank for activist groups at public expense. Now it is up to the Senate to say no, though that appears unlikely, given the size of the House majority and President Bush’s promise to sign the bill,” notes Barr.

WASHINGTON, D.C. -- LP candidate Bob Barr speaks to the mortgage crisis on Fox News.