In recent days, undoubtedly in response to the outcry of the American people, the Senate Republican leader Mitch McConnell of Kentucky has changed his tune, from first making it clear that the Obama “stimulus” bill will pass the Congress by a mid-February timeline desired by the Democrats, to then suggesting that it may not pass at all, to now suggesting new ideas that will make it “better.” One of these “Republican” ideas indeed is to have the federal government reduce some troubled homeowners’ mortgage interest rates, from whatever they negotiated in the first place to 4%, which naturally is just another form of redistributing wealth.  

A recent Associated Press story remarks as follows about the Republican reaction to the $825 billion “stimulus” package being promoted by President Obama and the Democrat leadership in Congress: “Speaking at the National Press Club…Senator Mitch McConnell of Kentucky, the Republican leader in the Senate, said he believes the measure will clear Congress by the mid-February target date set by Obama and Democrat leaders.” It seems as if Republican capitulation is not only a likely scenario, but an avowed promise.