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McCain would buy bad homeowner mortgages
AP ^ | Oct. 7, 2008

Posted on 10/07/2008 8:14:19 PM PDT by cdchik123

WASHINGTON (AP) - Republican presidential candidate John McCain is proposing a $300 billion program for the federal government to buy up bad home mortgages and allow homeowners to keep their houses.

(Excerpt) Read more at apnews.myway.com ...


TOPICS: Business/Economy; Front Page News; Politics/Elections
KEYWORDS: 2008; aliens; bailout; bankinglist; debates; economicpolicy; elections; financelist; financialcrisis; housingbubble; illegals; mcain; mcbama; mccaintruthfile; mcqueeg; mcshamnesty; moneylist; rino
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boo.
1 posted on 10/07/2008 8:14:19 PM PDT by cdchik123
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To: cdchik123

What the hell are we doing with the 700 billion? I thought that is what the government was already doing.


2 posted on 10/07/2008 8:16:17 PM PDT by FlingWingFlyer (If Barack Hussein Obama is the answer, it must have been a pretty dumb question.)
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To: cdchik123

Boo. But, Mac did steel the headline :)


3 posted on 10/07/2008 8:16:27 PM PDT by Blogger
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To: cdchik123

He can say whatever he wants, afterall NOBAMA’s doing the same thing. Just as long as NOBAMA doesn’t win in Nov.


4 posted on 10/07/2008 8:16:42 PM PDT by The Bronze Titan
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To: cdchik123

Dear God that sucks.

I’m a renter because I knew this crap was overpriced, even though I could afford it... I guess I was a sucker for not buying anyway?


5 posted on 10/07/2008 8:16:42 PM PDT by Chet 99 (Vote McCain/Palin, or this will be our future: http://www.youtube.com/watch?v=QTb5EFZmgbs)
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To: cdchik123

He is going to lose by 15% points and may lose by 200 EVs. This man is a conservative?


6 posted on 10/07/2008 8:16:54 PM PDT by Tennessean4Bush (An optimist believes we live in the best of all possible worlds. A pessimist fears this is true.)
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To: cdchik123

Everytime I think McCain might start making a run at this thing, he pulls something dumb out of his butt. For someone to prattle on about big government spending and then say something like that takes a lot of something, and it ain’t good.


7 posted on 10/07/2008 8:17:10 PM PDT by GnL
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To: cdchik123

How did it get down to these two?


8 posted on 10/07/2008 8:17:23 PM PDT by DemonDeac
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To: cdchik123

That’s about where I threw my remote at the TV and turned it off.

Got an absentee ballot sitting on my desk right now and half tempted to go down the capital steps tomorrow and burn it instead of voting.

The Republican candidate suggesting bailing out individual home owners. The REPUBLICAN.

I need a drink...


9 posted on 10/07/2008 8:17:31 PM PDT by Domandred (McWhathisname / Palin - 2008)
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To: cdchik123

I guess he is trying to lose my vote. I’m glad I didn’t contribute to his campaign. I have given to conservative Senate candidates and for the House elections.


10 posted on 10/07/2008 8:17:39 PM PDT by ChessExpert (If it had been up to Hussein Obama, Saddam Hussein would still be in power)
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To: cdchik123

Why did he announce this during this debate. Ugh,,, more spending. I’m concerned.


11 posted on 10/07/2008 8:17:41 PM PDT by phill413
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To: cdchik123

Way to go McCain, welcome to entitlement housing.


12 posted on 10/07/2008 8:17:52 PM PDT by Tublecane
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To: cdchik123

Didn’t Biden say the same thing about renegotiating mortgages? I knew this had been in the original Paulson bill, but had been stripped out by the House Republicans.

What a BAD idea!!!!


13 posted on 10/07/2008 8:17:55 PM PDT by Dawn531
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To: FlingWingFlyer

Obama; McCain
ketchup; catsup
stupid; dumb
communism; socialism

oh well!


14 posted on 10/07/2008 8:18:07 PM PDT by Billg64 (LOL ROFL Senator Mccain for what????)
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To: cdchik123

That ain’t conservatism. I’m a little too jaded now to comment further.


15 posted on 10/07/2008 8:18:11 PM PDT by mysterio
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To: cdchik123

Hope he buys mine....


16 posted on 10/07/2008 8:18:21 PM PDT by freebilly
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To: cdchik123

AND Obama says healthcare is a right! I must have missed that in the Bill of Rights.


17 posted on 10/07/2008 8:18:25 PM PDT by KansasGirl (READ MY LIPSTICK, OBAMA IS JUST CREEPY!)
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To: Domandred
That’s about where I threw my remote at the TV and turned it off.

And it was only like the second question!

18 posted on 10/07/2008 8:18:34 PM PDT by Domandred (McWhathisname / Palin - 2008)
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To: cdchik123

Too late. The Dodd bailout already bought them


19 posted on 10/07/2008 8:18:38 PM PDT by realcleanguy ("I have not yet begun to fight")
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To: Chet 99

Yep, should have slipped into your big fat house while the getting was good—then just hung on for the rescue!


20 posted on 10/07/2008 8:18:51 PM PDT by 9YearLurker
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To: freebilly

If he’s offering. Just sayin’....


21 posted on 10/07/2008 8:19:10 PM PDT by freebilly
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To: cdchik123

Does that mean the government is going to pay off my mortgage? Too bad I didn’t buy a bigger house a few months ago. Darn!


22 posted on 10/07/2008 8:19:56 PM PDT by jeepers creepers
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To: cdchik123

if they did this,

it would have to be done before the inauguration

in order to be effective.


23 posted on 10/07/2008 8:20:23 PM PDT by ken21 (people die and you never hear from them again.)
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To: Tennessean4Bush

He did propose a spending freeze on government agencies.


24 posted on 10/07/2008 8:20:53 PM PDT by Maelstorm (This country was not founded with the battle cry "Give me liberty or give me a government check!")
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To: cdchik123

Let he and Cindy refinance bad loans and take the hit.


25 posted on 10/07/2008 8:21:08 PM PDT by cw35
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To: cdchik123
What burns me is that Sarah is going to have to go out tomorrow and defend this idiocy. Romney will be chomping at the bit to hang it around her neck in 2012 when it inevitably fails.

Sarah is an all-pro player on a 3-13 ball club. She's only the veep candidate - she can't be expected to carry McCain to a win, but it looks like she's going to have to because McCain is simply unable to do it for himself...

26 posted on 10/07/2008 8:21:33 PM PDT by Loyolas Mattman ("Oh, God Love Ya'...Stand Up for Chuck!!!" - Joe Biden)
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To: Maelstorm

Yes, except for the critical mortgage-buying agency.


27 posted on 10/07/2008 8:21:47 PM PDT by 9YearLurker
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To: GnL

I feel like he was trying to be populist but this will come off as really dumb imo.


28 posted on 10/07/2008 8:21:55 PM PDT by cdchik123
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To: DemonDeac

“How did it get down to these two?”

Exactly the question I’ve been asking myself.


29 posted on 10/07/2008 8:22:05 PM PDT by showpromid
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To: FlingWingFlyer
What the hell are we doing with the 700 billion? I thought that is what the government was already doing.

That's what I thought. I guess I''m confused.

30 posted on 10/07/2008 8:22:24 PM PDT by SandyInSeattle (Go, Sonics! And take the Mariners with you.)
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To: ken21

Atlas needs to shrug, and fricking fast. before it is too late.


31 posted on 10/07/2008 8:22:29 PM PDT by Pantera
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To: Domandred

McCain did advocate a spending freeze. I think the mortgage Idea is stupid. He can’t out do Obama.


32 posted on 10/07/2008 8:22:33 PM PDT by Maelstorm (This country was not founded with the battle cry "Give me liberty or give me a government check!")
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To: cdchik123; MaggieCarta; jddqr; indylindy; roamer_1; calcowgirl; djsherin; Sunnyflorida; ...

WASHINGTON (AP) - Republican presidential candidate John McCain is proposing a $300 billion program for the federal government to buy up bad home mortgages and allow homeowners to keep their houses.

More, and more, and more, he says!

The Juan McCain Truth File.

"I have great respect for Al Gore."
—John McCain, October 2, 2008

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33 posted on 10/07/2008 8:22:50 PM PDT by rabscuttle385 (Baldwin/Castle 2008 - Gilmore for Senator from Virginia 2008)
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To: Loyolas Mattman

Yup, she’s a gamer, but her teammate has pretty much left her stranded here.


34 posted on 10/07/2008 8:23:08 PM PDT by 9YearLurker
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To: cdchik123

That was a bill that has already passed before the bailout bill, McCain just didn’t explain that part. I’ll bet most people watching didn’t even catch that.


35 posted on 10/07/2008 8:23:17 PM PDT by YellowRoseofTx (Evil is not the opposite of God; it's the absence of God)
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To: cdchik123

Like my mom told me when I was a kid-”don’t worry honey it’s not real, it’s just television”.


36 posted on 10/07/2008 8:23:21 PM PDT by sierrahome (I am pro choice on light bulbs)
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To: cdchik123

I was hesitant to put the McCain yard signs up in the first place. I guess I’ll take them down.


37 posted on 10/07/2008 8:23:36 PM PDT by sbhitchc
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To: cdchik123

My house is paid for. Can he pay for my truck?


38 posted on 10/07/2008 8:23:42 PM PDT by arichtaxpayer (We will not tire, we will not falter, and we will not fail.)
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To: Loyolas Mattman

romney was also for the bailout. get em all out of here


39 posted on 10/07/2008 8:23:49 PM PDT by ari-freedom (Betcha they're good. Why shouldn't they be? Their one mistake was giving up me!)
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To: cdchik123
I threw up in my mouth . . .

Again.

Has McCain had a stroke or something?

What is this dude smoking?

40 posted on 10/07/2008 8:23:54 PM PDT by atc23 (Community Organizer? You mean Street Hustler?)
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To: DemonDeac
"How did it get down to these two?"

I too wonder the same. Out of this entire great nation of ours, how in the hell are we left with THESE two people to choose from to lead us.

If 0bama wasn't so bad, I'd write in "none of the above".

41 posted on 10/07/2008 8:24:19 PM PDT by KoRn ("Change": Come Help A Nitwit Get Elected)
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To: freebilly

Is it too late to go out and buy a ritzy place on a variable-rate loan and get it re-financed AND the principal whitled down by Uncle Sam aka The Monopoly Man Guy? HE has a top hat, a moustache, and ccasionally a monocle. If he is wheelin’ and dealing to bail out the stupid at the expense of the responsible, maybe it’s time to switch to stupid.

Yep, two hours later, and I’m still steamed. Palin, I am so sorry for you being saddled with this man.


42 posted on 10/07/2008 8:24:37 PM PDT by Puddleglum
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To: Domandred

Yep. This is a disaster. And his advocacy of cutting Social Security benefits. Uncle Sam is going to own your mortgage Sheesh!


43 posted on 10/07/2008 8:24:50 PM PDT by sonofdob
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To: PAR35; TigerLikesRooster; bamahead; AndyJackson; Thane_Banquo; nicksaunt; MadLibDisease; ...

Aw, shucks.

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44 posted on 10/07/2008 8:24:58 PM PDT by rabscuttle385 (Baldwin/Castle 2008 - Gilmore for Senator from Virginia 2008)
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To: Maelstorm

Boy, McCain had better clarify this, and quick. This is really trying to out-liberal Obama. This was the one big glaring mistake McCain made tonight. This was awful, just awful.

Let’s just try to keep a reliable filibuster in the senate. Please.


45 posted on 10/07/2008 8:25:00 PM PDT by St. Louis Conservative
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To: Dawn531

I think it’s in there now permitting the renegotiations to be done. But there’s a big difference between that and telling 75 million—or however many there are—homeowners tonight that if they stop paying there mortgage and can demonstrate that they’re underwater on it, Uncle Sam is gonna be their sugar daddy!


46 posted on 10/07/2008 8:25:10 PM PDT by 9YearLurker
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To: jeepers creepers
If you're a freeper, you're probably a responsible person, therefore -- no soup for you!!

This $300B gift that McCain is planning is strictly to reward people who engage in irresponsible behavior.

47 posted on 10/07/2008 8:25:31 PM PDT by ClearCase_guy (I ain't gonna quit until I'm laid in my tomb and even then they better shut it tight.)
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To: cdchik123

John, John, John, when will you learn that you can’t possibly out-liberal a true-to-the-rotten-core MEGA-LIBERAL?

Please try to not totally turn off your base - it would be nice if some of us showed up and voted in 4 weeks...

If you think that the impact of attracting a few more so-called undecided moderates/liberals through Evita-like displays of charity at the public trough is worth more than your entire conservative base, you are into super-denial and delusion.

DON’T TOTALLY BLOW IT!


48 posted on 10/07/2008 8:25:42 PM PDT by JustTheTruth (Say "NO!" to Socialism in America!)
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To: 9YearLurker

Yeah that part really sucked. Who ever the hell came up with that idea needs to be fired. It was stupid. McCain giving lip service to Kennedy and Democrats needs to stop. Doesn’t he realize what the lay of the ground is out here? I’m going to take a deep breath and leave it as is.


49 posted on 10/07/2008 8:25:44 PM PDT by Maelstorm (This country was not founded with the battle cry "Give me liberty or give me a government check!")
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To: St. Louis Conservative

Somehow I don’t think the ‘senior moment’ card is going to work here.


50 posted on 10/07/2008 8:26:15 PM PDT by 9YearLurker
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