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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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To: GOPJ

THE ACORN APPARAT (did ACORN and FANNIE MAE have secret equity positions in mortgage transactions?)

http://www.freerepublic.com/focus/f-news/2100369/posts


201 posted on 10/08/2008 7:53:44 AM PDT by Liz (Taxpayer: one who works for the govt but doesn't have to take a civil service test. R. Reagan.)
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To: DemonDeac
How did it get down to these two?

Chiefly by the devoted belief that many people have in the idea that one must choose "the lesser of two evils" and "the one that can win."

That plus the fact that those same people always call candidates who actually make sense "fringe candidates" or, better yet, "kooks." Such people are now getting what they deserve. Unfortunately the rest of us are getting what they deserve right along with them.

202 posted on 10/08/2008 8:21:30 AM PDT by MarcoPolo
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To: The Bronze Titan
He can say whatever he wants, afterall NOBAMA’s doing the same thing. Just as long as NOBAMA doesn’t win in Nov.

This sort of thinking is precisely what emboldens people like McCain to do these sorts of things in the first place. He knows good and well that he can do anything he wants to us (even if everything he does is exactly what the other guy is doing) simply because most of us will vote for him anyway purely because he doesn't have the letter D in front of his name on C-SPAN.

It's disturbing, really.

203 posted on 10/08/2008 8:25:21 AM PDT by MarcoPolo
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To: Loyolas Mattman

It speaks poorly for her that she is on any ticket with McCain. I can’t speak too highly of anyone who would sell out any possibly good principles that she has simply to have a chance at being someone’s VP. Not good, not good at all.


204 posted on 10/08/2008 8:27:48 AM PDT by MarcoPolo
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To: cdchik123
I walked out of the T.V. room when McCain said that...and never went back.

Made me want to cuss!!

205 posted on 10/08/2008 8:29:36 AM PDT by Osage Orange (" I did not have radical relations with that man, William Ayers. " -Barack Hussein Obama)
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To: Puddleglum
Palin, I am so sorry for you being saddled with this man.

She saddled herself with him, so no pity from me I'm afraid.

206 posted on 10/08/2008 8:30:25 AM PDT by MarcoPolo
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To: MarcoPolo

The escape hatch is that they’re a “team of Mavericks” and McCain “didn’t ask her to check her opinions at the door” Who knows what Sarah tells McCain behind closed doors?

Hopefully, she tells him that he is a nitwit who is throwing this election away.


207 posted on 10/08/2008 8:30:35 AM PDT by Loyolas Mattman ("Oh, God Love Ya'...Stand Up for Chuck!!!" - Joe Biden)
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To: BRL
I really cannot think of any other outcome, so maybe it is the grand plan. Maybe it was George Bush’s ultimate master plan. Cut taxes, increase spending start a war and bankrupt the totaly currupt government.

Hahahahahahahahahahahahahahaha! Whoo, that was a good one! Tell me another funny joke. :)

208 posted on 10/08/2008 8:33:35 AM PDT by MarcoPolo
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To: Loyolas Mattman
Hopefully, she tells him that he is a nitwit who is throwing this election away.

My problem is that if she were actually dedicated to any sort of conservative principles she couldn't possibly wish for him to ever become president much less be on a ticket with him to help him become such. I like her in some ways, particularly as a person, but I distrust people who'll back anyone who sells out their supposed "conservative" principles like McCain does on a daily basis.

209 posted on 10/08/2008 8:46:37 AM PDT by MarcoPolo
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To: MarcoPolo
Such people are now getting what they deserve. Unfortunately the rest of us are getting what they deserve right along with them.

Sounds just like the bailout as well.
210 posted on 10/08/2008 9:07:48 AM PDT by af_vet_rr
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To: Loyolas Mattman
The escape hatch is that they’re a “team of Mavericks” and McCain “didn’t ask her to check her opinions at the door” Who knows what Sarah tells McCain behind closed doors?

Now they are our friends - "my friends" replaced "maverick" as the goto phrase of choice (he said "my friends" last night around 20 times).

As far as communication - given that Sarah has learned about a few high-profile changes in McCain's strategy by reading the newspapers, it sounds like they don't communicate very much.
211 posted on 10/08/2008 9:09:39 AM PDT by af_vet_rr
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To: DemonDeac

How we got Obama...

The Democrat Party activists are to the extreme left of the party in general, which is left of the nation. They like radical communists. We never did find out why Bill Clinton went to visit the Soviet Union, did we?

How we got McCain...

The Democrats picked McCain as their ringer candidate. He is their insurance policy against their communist candidate not winning. The Democrats got McCain elected by the MSM promoted McCain heavily while many Democrats voted for McCain in “open” primary elections. Without Democrat interference, I think we would have got Romney or someone besides McCain. McCain got off to a slow start because Republicans didn’t want him. I hate to call “conspiracy” so call it an active plan to try to get McCain nominated so even if they lost the election to the Republicans, they still had a president who was fairly liberal, and could be counted on to give them most of what they wanted.

Now you know the rest of the story.


212 posted on 10/08/2008 11:54:00 AM PDT by Freedom_Is_Not_Free
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To: Tennessean4Bush

McCain is much like Bush, which means he is a Socialist plain and simple.

Only says he’s conservative for the rubes, much like Bushosocialist.


213 posted on 10/08/2008 12:04:07 PM PDT by stockpirate (US Congress just created the right to own slaves, problem is, we are the slaves.)
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To: FlingWingFlyer

I know nothing about him. Being another Goldman Sachs alumnus, we can be sure that he thinks just like Paulson and will be boxed into the investment banker mentality. We can also be sure he will tend to do what is best for GS and the investment banks. I’m not even saying he will do this intentionally, but this will be the outcome. Once a Goldman Sachs investment banker, always a Goldman Sach investment banker.

So no, I can’t give you any insight into his qualifications or expected actions. Nor do I care. This thing is out of control and in the short term, I doubt any of these moves will work to reflate the bubble.


214 posted on 10/08/2008 12:24:08 PM PDT by Freedom_Is_Not_Free
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To: NVDave

Bazooka and Chopper are trying to backstop the world, insuring their plan won’t work, but insuring there will be a heavy price to pay for it in inflation.

I have long been struggling to understand how the printing presses could possibly be on the order of magnitude of the collapse in debt, so I have felt that deflation is the ultimate end and that can’t lead to severe inflation. Now I am seeing how honest Chopper was when he said he would literally drop money from helicopters. I think they just may be able to print money fast enough to cause a return to severe double-digit inflation. I think the inflationistas are going to turn out to be right.

Thanks for the link. Good read.


215 posted on 10/08/2008 12:29:46 PM PDT by Freedom_Is_Not_Free
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To: NVDave

Bingo.


216 posted on 10/08/2008 12:31:20 PM PDT by Freedom_Is_Not_Free
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To: supercat

It always does. You always get more of what you subsidize.


217 posted on 10/08/2008 12:32:10 PM PDT by Freedom_Is_Not_Free
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To: Wolfie

Wrong. Palin is an national phenomenon. Republicans, independent Conservative and Reagan Democrats all want her badly. She will run in 2012 and I expect her to win. If the MSM could have found real dirt on her they would have found it by now. People feel she is a breath of fresh air, and they will be very sick of politics as usual, especially after the coming long, deep recession. The economy won’t be booming by 2012, so President Osama will not be able to run on that. The extreme pro-abortionists alone won’t be enough to prevent her election.

I’m not even saying Palin will be a great president or a die-hard conservative. Well I remember, “never fall in love with a politician as they will break your heart every time.” But she will run and she will win. She is not going to disappear. And you can bet that every move she makes for the next 4 years as Governor of Alaska will be done with an eye toward that goal.


218 posted on 10/08/2008 12:39:08 PM PDT by Freedom_Is_Not_Free
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To: Freedom_Is_Not_Free

It also helped that he was in a 100 man primary. 70% of folks could have hated him and he’d have still won.


219 posted on 10/08/2008 12:48:32 PM PDT by DemonDeac
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To: cdchik123

Apparently, McCain or some of his advisers, believes he might earn some votes from the foreclosed sub-prime crowd with this socialistic gesture. I calculate that probability at about a million to one. All this proposal did was to rattle the cages of true conservatives who are already PO’d with some of his absurd reaches across the aisle toward socialism.


220 posted on 10/08/2008 12:53:27 PM PDT by takenoprisoner (Audit & Investigate ACORN and all it's associates NOW!)
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