Quote:
Originally Posted by Nails
Guess who controls the house and senate? If you guessed democrats then you won! They are the ones who bailed out bear stearns.
Democrats also pushed thru "Domestic programs included $8.2 billion for Hurricane Katrina and other natural disasters, with $5.8 billion for levees around New Orleans and $348 million for restoration of Mississippi coastal islands."
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Actually, every single bill I listed there was done during a Republican Congress and Republican Presidency. The President, a Republican, signed all of those bills except one (which his Republican members of Congress overturned his veto).
The members of the Federal Reserve are appointed by the President of the United States. President Bush and Treasury Secretary Paulson signed off on the bailout of Bear Stearns and praised the Fed's decision. They are the ones with control over the Federal Reserve.