Politics and Culture

Wow, McCain hasn't fired me up this much since...well not for a long time. I was hoping to hear something like this. It cuts through the mindless conformity now prevailing in Washington. It draws good contrast with both McCain and Bush. By the way, praising Bush for lower gas prices and then attacking this bill gives McCain credibility.

Link.

Americans should be outraged at the latest sweetheart deal in Washington. Congress will put U.S. taxpayers on the hook for potentially hundreds of billions of dollars to bail out Fannie Mae and Freddie Mac. It's a tribute to what these two institutions — which most Americans have never heard of — have bought with more than $170-million worth of lobbyists in the past decade.

With combined obligations of roughly $5-trillion, the rapid failure of Fannie and Freddie would be a threat to mortgage markets and financial markets as a whole. Because of that threat, I support taking the unfortunate but necessary steps needed to keep the financial troubles at these two companies from further squeezing American families. But let us not forget that the threat that Fannie Mae and Freddie Mac pose to financial markets is a tribute to crony capitalism that reflects the power of the Washington establishment

.