Will someone please explain to me why the government should fund a bailout for people who made stupid financial decisions?  Why should I have to pay?

When I saw that Hilary Clinton was proposing such a move, I added to my long list of “Despite Wanting a Woman To Be President, Here Are My Reasons I Would Never Vote For Hilary.”

But now Bush is going to announce an agreement to freeze rates for 5 years?  Are that Republicans that worried about the next round of elections?

Here’s the breaking news update I just got from WSJ:

The Bush administration is expected to announce Thursday an agreement with the mortgage industry to freeze interest rates for certain subprime mortgages for five years. In addition, the plan includes a provision to fast track some borrowers toward refinanced loans and allow state and local governments to use more tax-exempt bond programs to fund refinancings. The plan comes amid concerns about rising home-foreclosure rates.

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