Just when you think that the GOP is getting back on track and growing a pair to actually support their beliefs, Senator McConnell and Senator Ensign declare that what they need to do to back the stimulus is to include a provision for “government backed low interest mortgages at 4%”. WTF people? Seriously, isn’t it the subprime lending and extensive government regulation that led to the current market crisis? So why re-tout the same crap laden plans as the community reinvestment act? Are you afraid of being labeled as obstructionist? 

You have already been re-elected so stop pandering and trying to appear to be non-obstructionist. I say that it is the duty of any elected official to vote the will of the people that appointed them as their representation. That means that it doesn’t matter if you are obstructionist, it only matters if you don’t vote the will of the people.

What will happen if the government gives money to these mortgage companies? The same thing that happened in the first “bankrupt America” bail-out. The money will be distributed to the companies who will use it to cover their liabilities, without providing any of the services required in the bill. In the first bail-out plan, the money was extended to the companies so that they would again grant credit to qualified individuals while loosening their lending practices after all but cutting off their lending. The organizations used the money to cover their losses and continued on, business as usual. Mortgage companies will benefit especially because they will be granted the money to cover their bad debt, owning the properties outright so that they can sell them at full value when the market returns to normal. This is free enterprise and is a brilliant part of our economic system, but free enterprise should not mean that it is funded by the government.

Under no circumstances should the GOP reverse themselves when it comes to their vote on the stimulus. Let the dems fail on their own accord so they can not blame the GOP as they have come to do every chance they get.