"If you cut me, do I not faint?"

I figured I'd keep the misquotes going. My apologies to fans of The Merchant of Venice (as I am one).

By the way, did anyone notice that Obama signed that huge spending bill, "The American Recovery and Reinvestment Act" (also known as the D.O.A Act of 2009), a bill that will probably be the biggest act of his first term, all alone? Usually a major piece of legislation like that is signed with all the principles and coauthors flanking the pen gripped hand of the president, whether in the Rose Garden or elsewhere. Hmmm, just a bit curious to me is all. I can't decide if he wants all the credit, or legislators want none.

While I await Titus' response I caught the housing presser in full. Obama held a big one today, he intends to tackle the housing crisis, implementing new rules 2 weeks from now in his grand new plan to secure "the American dream." Just one more step towards guaranteeing results, versus pursuits. This act requires no new law, and he is perfectly within his right as TARP put all the funds into the Treasury Secretary, and these new "rules" affect any lending house that accesses them. Don't get me wrong, I'm just stating he is acting lawfully (read: in no need of further congressional action), it's still a heaping, steaming pile of hog wash doused excrement, squeezed, grunted and pushed out the bowels of a liberal lower intestine.

The long and short of it is he is going to throw $275,000,000,000 (that's billion with a "b") at "troubled home owners", to shore up their being upside down. The way it works is your lender reduces your debt owed down to the current value of the home, and perhaps your interest rate, you sign that new lease, and then the federal government pays the difference. What the F#!%)*!? It's almost laughable. We, as in tax payers, are going to simply buy up all the toxic portion of some 9 million homes (the amount owed which exceeds the current value in this depressed market), with no return, no nothing. Just poof - gone. That breaks down to about 30g's a household. Also, also, get this - say your lender doesn't want to do business with the fed - you can go to court and request that a judge modify your home loan to a "reasonable rate", namely the current depressed value. This has always been available in business real estate, in order for all parties to at least recoup some losses, but never on primary residences, so that people wouldn't "risk" their home the same way they might an investment, get it? No longer. Damnit - I'm gonna buy a house in 2 weeks and then go to court and say, "yaaa ... your honor, ummm, toke rate is down a tad ... I think 150k is fair, not the 200k I signed for ... everybody cool with that?"

This is in addition to a cadre of new rules and regulations meant to stomp on the throats of all those damned dirty predatory lending houses (thought I was going to say "apes" huh?).

Oh, and that ol' stalwart, that beacon of productivity, that glaring example of economic efficiency, Freddie Mac and Fannie Mae are getting a huge infusion of cash as well.

This is great! Ha! Yes! Finally a risk free society! No consequence, no problems! It's a wonderful life ... teacher says every time a bell rings an angel gets his house payed off .... o' happy day.