"Compassionate conservatism's" true colors

Paulson: Govt will act to aid markets
By JEANNINE AVERSA, AP Economics Writer
Sun Mar 16, 2008
WASHINGTON - The Bush administration will "do what it takes" to stabilize chaotic markets and minimize the economic damage, Treasury Secretary Henry Paulson said Sunday after a tumultuous week capped by the government rescue of a teetering investment bank.

Recall: this is the same Administration that, with their Republican enablers in Congress, pushed through the typically misnamed

Bankruptcy Abuse Prevention and Consumer Protection Act

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (Pub.L. 109-8, 119 Stat. 23, enacted 2005-04-20), providing for significant changes in bankruptcy in the United States, was passed by the 109th United States Congress on April 14, 2005 and signed into law by President George W. Bush on April 20, 2005. The effective date for most of its provisions apply to cases commenced on or after October 17, 2005. Referred to colloquially as the "New Bankruptcy Law", the Act of Congress attempts to make it more difficult for consumers to discharge debt under Chapter 7...

Ah, yes - bail out the banks, but punish consumers for their financial indiscretions!

Stop the madness!