I don't respect my Congressman. Don't like him, either. He's one of those hacked-up former state pols who slithered into a largely red district, but was never ready for prime time on the Hill.
Yesterday's Wall Street Journal named him- Leonard Lance, R-NJ, as a signatory to a letter from Bill Posey, R-FL, asking to raise Fannie's and Freddie's maximum loan limits again.
This is the sort of boneheaded crony capitalism about which Paul Ryan spoke in a speech referenced in Peggy Noonan's weekend column in the Journal. About which more later this week.
I wish I could have voted for someone more conservative and less, well, hacked-up than Lance in 2010. He's an embarrassment to the GOP. His 'finest' moment had to be when he had question time in front of Ben Bernanke, and all he could manage was to stumble through the script written by his aides, which contained no questions, but, rather, video/sound bites for Lance's next campaign.
Disgusting.
So is Lance's empty-headed agreement to give two GSEs which have cost taxpayers $142B in losses more lending authority. I liked the Journal's comparison of Posey's claim that the amendment won't cost taxpayers "one dime," so reminiscent of Bubba Clinton's promise, in 1995, that doing the same back then wouldn't "cost the taxpayers on extra cent?"
Yeah. Right.
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