The Hillary Experience

[Ghoulish Delight]

"To those who object to our government helping middle-class and low-income families devastated by the housing crisis, I say this: We've given Bear Stearns a $30 billion lifeline, we've given their creditors, their lenders, their customers, and those associated with them the same lifeline," she said. "How can you tell a family about to lose their home that there's nothing we can do to help them?"

Umm, how is following one bad idea with another a good idea? I'm not happy about the Bear Stearns buyout, but that doesn't mean I'm okay with doing something equally stupid to "balance it out". I do think something needs to be done to rectify things, but I'm not really onboard with wholesale buyout proposals.

I can't find it right now, but a few days ago Hillary proposed some sort of committee to work out a plan to go forward. All well and good, though Obama proposed nearly the same thing one year ago. And, oh by the way, his proposal included leaders from the consumer side of the market, while Hillary proposed getting just the leaders within the mortgage industry together. Yeah, that bunch really did well thinking up the concept of sub-prime mortgages, I'm sure they'll continue to make excellent decisions together.