Congress finally sticks around for a weekend and does this?!

While most Americans were enjoying a summer Saturday Congress went to work for a change. Unfortunately for the American people that's rarely good news. "Were they voting on allowing drilling in ANWR and off the Outer Continental Shelf?" you ask. Nope. "Did they meet to force Nancy Pelosi to step down as Speaker of the House?" As if we could be so fortunate.

Today, Saturday July 26, 2008 Congress met to pass a bill bailing out 400,000 of our fellow Americans who took out mortgages they couldn't afford. Yep, it's true and President Bush is going to sign this awful bill into law. He must not have gotten the memo about how out of control spending cost Republicans the House and the Senate not too long ago.

In short, nearly half a million Americans bought homes they could not afford. These people cannot afford to pay their mortgages. So what does this bill do? This bill will allow these delinquent borrows to refinance with new mortgages backed by....you guessed it...the American taxpayer. There's also some money thrown in for Fannie Mae and Freddie Mac. We can't let them go under, now can we?

Keep in mind, Congress does not make any money to add to the budget, all they do is spend it. The President does not generate income to add to the budget, he just signs the spending bills sent to him by Congress. This is not their money, this is our money. Our money is now being used to guarantee the mortgages of people who don't pay their bills.

Well, that's not really true either. It's more like our kids and grand kids money. We're already trillions of dollars in debt. Maybe we can send the Chosen One-the Messiah Obama go on another fundraising swing through Europe, so the Europeans can bail us out. They sort of owe us anyway, so why not?

If you would like some insight into how we got into this mess in the first place (no, it wasn't Bush's fault) check out Thomas Sowell's column in Investors Business Daily from earlier this week.

Absolute Must Read of the Day

From the Times Online (UK)

He ventured forth to bring light to the world-The anointed one's pilgrimage to the Holy Land is a miracle in action - and a blessing to all his faithful followers

And it came to pass, in the eighth year of the reign of the evil Bush the Younger (The Ignorant), when the whole land from the Arabian desert to the shores of the Great Lakes had been laid barren, that a Child appeared in the wilderness.

The Child was blessed in looks and intellect. Scion of a simple family, offspring of a miraculous union, grandson of a typical white person and an African peasant. And yea, as he grew, the Child walked in the path of righteousness, with only the occasional detour into the odd weed and a little blow.

When he was twelve years old, they found him in the temple in the City of Chicago, arguing the finer points of community organisation with the Prophet Jeremiah and the Elders.

Read the full article. This is priceless.

An Invitation for Disappointment

While Obama's adoring European fans are waiting for his Berlin speech with baited breath, European leaders are not jumping on the Obama bandwagon. Why is this not surprising? According to Reuters:

His appearance at the "Victory Column" in Berlin's central Tiergarten park is expected to draw huge crowds and is being likened in advance to former president John F. Kennedy's celebrated "Ich bin ein Berliner" performance of 1963.

But in the German Chancellery a few hundred meters away there is unease with the Illinois senator's cult-like following and skepticism about whether he can live up to the hype.

"There is a sort of Obama-mania in Germany right now, but I think a lot of people will have their illusions shattered if he does become president," an official in Chancellor Angela Merkel's office told Reuters, requesting anonymity.

They certainly can't be blamed for their angst at the thought of an Obama presidency. With his shifting positions, voting record and naivete they should be downright scared. Barack Obama is trying to portray himself as some sort of world leader when he's not even half way through his first term as junior senator from Illinois. Who is he kidding? Eckart von Klaeden summed it up quite nicely when he said "Euphoria in politics is an invitation for disappointment."