Veto the housing bill

President Bush has threatened to veto the "mortgage relief" bill in the form the House has passed it. It's a bailout of people who made bad judgments (not always their fault but still their responsibility. As this Register editorial argues, he should carry through on his threat. The veto is just about the only thing that makes him relevant these days (though I wouldn't be surprised if he is still accruing executive power quietly). To my way of thinking the "acceptable"Republican compromise is not acceptable either.