April 18, 2008, - 6:22 am

Bush’s Giant Mortgage Bail-Out Program . . . FOR PALESTINIANS!

By Debbie Schlussel
Remember George W. Bush’s big lie in a 2000 debate against Al Gore, when he said he opposed “nation-building”?
Well, as we know, while oil gushes daily in Iraq, WE–not the Iraqi oil profits–continue to pay for the Iraqi welfare state. Now, this ethos has extended to propping up the de facto Palestinian terrorist state.
With Americans hurting all over, getting evicted from their homes, and struggling in a recessed economy, President Bush has decided to form and bankroll a corporation to fund mortgages for new homes . . . for PALESTINIANS. Even worse, it’s in addition to hundreds of millions which American taxpayers already sent to pay for new businesses for Palestinians:


Father AND Funder of Palestinian Terrorist Welfare State

The Palestinian West Bank . . . got a boost on Monday: the announcement of a plan, led by the American government, to help tens of thousands of people buy homes.
The plan, which establishes a $500 million mortgage company, aims to build 10 new neighborhoods over the next five years and, in the process, create thousands of jobs in construction and real estate. In doing so, it could improve the depressed local economy and the political prospects of the Palestinian president, Mahmoud Abbas, of the relatively pro-West Fatah party. . . .
A secondary aim of the housing program is to send a message to the Gaza Strip, run by the Islamist party Hamas, that its citizens, too, could benefit from international generosity and economic progress if they restore Fatah’s authority, overturned by Hamas forces in a battle last June.
The new company’s name, Affordable Mortgage and Loan Company, yields the acronym AMAL, an Arabic word meaning hope. . . . The new plan will make mortgages available for about 30,000 apartments. . . .
Half of the money for the new mortgage company, $250 million, will come from the United States through the Overseas Private Investment Corporation. . . . . At a ceremony in Ramallah, Tony Blair, the former British prime minister who is representing the international community in helping the Palestinian Authority build institutions, called the plan “a major step forward for ordinary Palestinians.”
This is the second major international initiative of its kind in the West Bank. Last summer, $230 million was pledged for a similar program for small- and medium-size businesses in the area.
Robert Mosbacher Jr. [DS: Another rich, preppy Bush friend of Daddy], the president of the Overseas Private Investment Corporation, which was also involved in that endeavor, said about half a dozen loans had been made so far in that program. He said he hoped that the first construction in the housing plan would start this year.
“Our role is to deploy private capital as a soft power tool,” Mr. Mosbacher, a businessman from Texas, said after the ceremony held to announce the program.

Nauseating. Not only are you financing new homes for terrorists and their supporters in the Palestinian population, but the whole aim of this absurd program will fail. HAMAS is already in control of significant parts of the so-called West Bank, and it will take over, probably sooner than later.
Yup, American taxpayers financing homes and businesses for “poor” Palestinians who now support Fatah terrorists against Israel and will soon support HAMAS terrorists against Israel.
Your tax dollars “at work” for terrorism.
Well, I guess, technically, Bush didn’t lie when he said he opposed “nation-building.” He’s actually more into Terrorist State Building.
Would John Kerry and Al Gore have been any different on this issue? Would they really have been worse? Or just the same.

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11 Responses

I think the idea of financing Palestinian terror organizations is institutionalized in the Republican and Democratic parties. I’m not aware of any major candidate speaking out against it. With the depravity of the Bush/Rice policy, I’m not even sure that Fatah has to be in charge for Gaza to get money. I think they are all scrambling around trying to find some under-the-table way to include Hamas in the giveaway. After all, they are appeasing Iran & No. Korea, why not Hamas?

c f on April 18, 2008 at 6:58 am

Given Bush is and always was in wahhabbi pockets, this was only expected. Look out for more dances to Riyadh’s tunes by US ‘president/commander-in-chief’.

Alert on April 18, 2008 at 7:36 am

When you sell your soul, nothing is beyond you.

samurai on April 18, 2008 at 9:45 am

Strange how everyone bellyaches about Iraq and the Palestinians. We have been supporting Puerto Rico infrastructure for years with little in return. I see no difference between Puerto Rico and other nations.

illiac on April 18, 2008 at 11:33 am

Gov. Bush’s statement against “nation building” applied to using the U.S. ARMED FORCES for that purpose.
OK… so what are we supposed to do about this? I’m open to recommendations.
Do we have ANY leaders running for the White House who have genuine courage to fight terror?
I want to also take this opportunity to say that I agree with the comment posted by “Alert”. George Bush’s poor leadership peformance on national energy policy is also driven by the Saudi Petrochemical lobby (which now seeks to discredit ethanol production long championed by Democrats like Sen. Dick Durbin I might add.)
Overall Debbie, I think this article combines with a long list of articles you’ve written demonstrating (beyond reasonable doubt) that George Bush’s “war on terra” lacks sincerety, leadership, competence and moral clarity. As such, I greatly appreciate your reporting this news.
The strategic path to winning the war against Islamist terror is the elimination of petroleum as the prime mover of our nation’s transportation system. On that front, I have some good news: technology exists which may advance that goal significantly. Take some time and google “Tesla Roadster” to find out about an all-electric sports car that is quickly grabbing public attention. Oh! And allow me to brag just a little bit: one of Tesla Motors’ executives is a University of Illinois Engineering graduate.
Take care and Happy Pesach.
TINSC (aka There is NO Santa Claus)

There is NO Santa Claus on April 18, 2008 at 12:54 pm

Pesach sameach Debbie!

Miluimnik on April 18, 2008 at 2:37 pm

Why you are so angry, guys?
He has never been “our” president – he is their president.
Bad is a mother who feed the other kids while her own are hungry.
We shall repay them by the same coin.
This country turned its back to our grief – we must turn our backs to this country. Not as terrorists, of course – there are thousand ways to turn our backs without any act of violence whatsoever, but in such a manner, that THEY will feel it keenly.

DonParry on April 19, 2008 at 1:37 am

OK… so what are we supposed to do about this? I’m open to recommendations.
Posted by: There is NO Santa Claus at April 18, 2008 12:54 PM
Start at the root. Impeaching / trying traitors.

Alert on April 19, 2008 at 9:11 am

This is yet another example of our leaders, in Congress and numerous Presidents that completely ignore the rule of law and our founding document, The Constitution.
Foreign Aid is unconstitutional, yet Congress passes out our tax dollars in every conceivable way forcing the American Public at gunpoint to support these causes despite the fact they are illegal.
This is Tyranny, something most Americans never learned or could care less about even though this nation was founded on the rule of law.
Consider this exchange between George W Bush and Congressional leaders in late 2004:
Last month, Republican Congressional leaders filed into the Oval Office to meet with President George W. Bush and talk about renewing the controversial USA Patriot Act, writes Doug Thompson for Capitol Hill Blue.GOP leaders told Bush that his hardcore push to renew the more onerous provisions of the act could further alienate conservatives still mad at the President from his botched attempt to nominate White House Counsel Harriet Miers to the Supreme Court. Thompson reports the following exchange:
“I donÔø?t give a goddamn,” Bush retorted. “I’m the President and the Commander-in-Chief. Do it my way.”
“Mr. President,” one aide in the meeting said. “There is a valid case that the provisions in this law undermine the Constitution.”
“Stop throwing the Constitution in my face,” Bush screamed back. “It’s just a goddamned piece of paper!”
After GWB was elected to president, he took an oath of office with his hand on the bible and swore to; “uphold and defend the Constitution of the United States.”
We no longer live in a Constitutional Republic where Tyranny is running rampant.
This is why a sitting President can give our Enemy $500 million to provide housing for terrorists while outsourcing and in-sourcing American jobs destroying the middle class.

ScottyDog on April 19, 2008 at 4:33 pm

What Americans do not realize is that Bush was corrupt and spoilt. Well, there is a price to pay for electing a corrupt, incompetent president/commander-in-chief. Resuls? We see every day.
Solution? Impeach the corrupt traitor.
Do Americans have the will to punish a traitor?

Alert on April 19, 2008 at 10:51 pm

I have found several great new friends using public vent website. Hope to see you there.

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