Skip to comments.McCain wants to spend $300 billion more to buy up bad mortgages
Posted on 10/07/2008 9:04:34 PM PDT by jddqr
I cant underscore enough what a rotten idea John McCains ACORN-like government mortgage buy-up is. I said it during my liveblog. And Ill say it again: HE WANTS TO EXPAND THE BAILOUT. He wants to do what ACORN wants to do. Were Screwed 08.
This was his supposed game-changer. This was the very first thing out of his mouth during the debate tonight his big pitch right off the bat. The McCain campaign immediately sent out this fact sheet on the proposal, which will cost at least $300 billion. The proposal involves directing the Treasury Secretary to purchase mortgages directly from homeowners and mortgage servicers. Thats on top of the trillion-dollar crap sandwich, the $85 billion to AIG, the $25 billion to automakers, the $200 billion in capital and credit lines to Fannie and Freddie, and who knows what else well be forking over to California, Massachusetts, etc., etc., etc.
He spent the entire debate assailing massive government spending while his featured proposal of the night was to heap on more massive government spending to pursue home ownership/retention at all costs. If Obama had proposed this, the Right would be screaming bloody murder about this socialist grab.
(Excerpt) Read more at michellemalkin.com ...
The “healthcare is a right” made me angrier.
Why don’t you wait and here what the plan is first? McCain said he will have freezes, cuts, and his budgets with be revenue neutral. Give the man a chance.
Yeah, I’m with you.
Is it just me or do we have to chose between two very bad candidates?
it’s just that obvious.
I forget, which one is the socialist?
McCain never said that but Obama did. I’m still waiting for Michelle Malkin to get outraged over Obama.
Yawn. I would vote for Satan rather than The Empty Maxist Suit.
There ya go! I agree.
I love you koolaiders. You amuse me. SOCIALISM IS GOOD BECAUSE MCCAIN SAYS SO! RAH RAH RAH!
Memo to Michelle Malkin: try attacking the other side.
I have become so tired of this woman.
That was B.O.’s comment, not McCain’s.
Thank you for making my point.
That made me apoplectic. Talk about frigging socialism and right after this bailout monstrosity that he suspended his campaign to help push through. How in the world did this guy become the standard bearer of our nominally “conservative” party? He is a BIG GOVERNMENT LIBERAL. Is he as bad as Obama? Of course not but he is the ultimate proof that we are left with two liberal parties in the US. We have no national conservative party. We have the democrat party and the democrat-light party.
Thank you too....for repeating my point.
It just depends on what the guidelines for the buy are, but right now..I have to go the same way our COMRADES on the other side. Whatever it takes to defeat Obama..we can deal with the details with McCain the White House, and Palin swinging the gavel in the SEnate..sorry Harry, but she is the President.
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