As Democrats push for a more activist government response to the flagging economy, Pelosi hosted a group of like-minded economists and officials, including former Treasury Secretary Lawrence Summers, at a policy forum.

Afterward, standing beside Pelosi, Massachusetts Democratic Rep. Barney Frank said a major package of housing legislation will be brought to the House floor on Wednesday.

“We will pass a bill tomorrow,” said Frank, chairman of the House Financial Services committee. The legislation written by Frank’s committee would authorize the government to finance $300 billion in distressed mortgages to help some 2 million American homeowners hit by the housing crisis.

So now the nation is rewarding failure.

That’s $150,000 per person.  What a fraud!