Tonight we look at three guarantees...
Earlier this week, President Bush issued a statement which guaranteed aid to the troubled nation of Georgia. In case you hadn't heard, we will be providing $1 billion to the Georgian government to assist mostly with reconstruction and humanitarian aid. In doing this, we continue to challenge the manhood of Russia with President Medvedev and Prime Minister Putin. They have and will continue to call the bluffs of the U.S. and the European Union as they control a large volume of the energy supply - particularly for Europe. We've discussed this issue before, and I still have not reached my conclusions. But, at what point do we say that we don't care. At what point do we say that it is OK that South Ossetia and Abkhazia wish to become independent. We recognized Kosovo. I'm currently reading up on my history of the first half of the 1900's, and, not to be an alarmist, but there are some similarities to this situation and the events which led to two world wars.
Earlier today, the U.S. Treasury with its Federal Housing Finance Agency bailed out troubled mortgage giants Fannie Mae and Freddie Mac. This made good on their earlier guarantee that the two GSEs were too big to fail. I plan to write a lot more about this as the week progresses. This will cost taxpayers billions of dollars. The big question is whether or not this was the best choice available.
Finally, Ron Paul (R-TX) announced a press conference in Washington which is scheduled this week. This comes on the heels of the Rally for the Republic which celebrated the "Ron Paul Revolution". His Campaign for Liberty sponsored the event which coincided with the Republican National Convention in Minneapolis. It appears that both Chuck Baldwin and Bob Barr will be joining him for the press conference. There has been no guarantee made regarding the announcement; however, I guarantee that I am interested!
Go Bears... way to beat the Colts.
Goodnight.
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