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McCain Campaign Seeks Input From Public On "Homeowner Resurgence Plan"
John McCain.com ^ | 10/11/08 | 07Jack

Posted on 10/11/2008 9:26:26 AM PDT by 07Jack

The McCain-Palin website now has a page soliciting "thoughts" on his "Homeowner Resurgence Plan." Here is the link:

http://www.johnmccain.com/involving/petition3.aspx?guid=84a6fec2-583a-47c8-b332-4d2a9c4bd407


TOPICS: Activism/Chapters; Politics/Elections
KEYWORDS: 110th; aliens; amnesty; bailout; bushownershipsociety; homeowner; illegalimmigration; immigration; mccain; mortgage; obama; pandering; resurgenceplan; rino
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I can't stomach the thought that people who were flipping homes and kept borrowing against the increased equity of their homes are now going to be “rewarded” at the expense of taxpayers who chose to live within their means and acted responsibly. This is an opportunity to let The McCain campaign know what you think.
1 posted on 10/11/2008 9:26:26 AM PDT by 07Jack
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To: 07Jack

Dont do anything until you have an investigation...starting now into who started this whole mess and make them pay!!


2 posted on 10/11/2008 9:28:07 AM PDT by Texas4ever (!WHO IS OBAMA?)
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To: 07Jack

McCain is as clueless about this economic mess as Bush and Obama are.


3 posted on 10/11/2008 9:34:59 AM PDT by Onerom99
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To: 07Jack

I posted on his site that he’s just like the socialist libs in the country. Pathetic.


4 posted on 10/11/2008 9:37:52 AM PDT by spacejunkie01
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To: 07Jack
Dear Maverick
Find out what freebee Obambi is offering , then triple it , and say anyone who disagrees is dishonorable . You know , the usual Mav dance .
5 posted on 10/11/2008 9:42:35 AM PDT by kbennkc (For those who have fought for it freedom has a flavor the protected will never know F/8 Cav)
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To: spacejunkie01
Its just stupid. Of course McCain said Obama is a decent man, we shouldn't be afraid of him being President. Some days I think he's the reason why we're poised to elect the most left wing Administration in American history: not McCain but Obama.

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus

6 posted on 10/11/2008 9:43:35 AM PDT by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: 07Jack

The government should stop rewarding the irresponsible and saddling the responsible with the bill.


7 posted on 10/11/2008 9:43:40 AM PDT by popdonnelly (Does Obama know ANYONE who likes America, capitalism, or white people?)
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To: 07Jack
I have one:

If home values are declining, why are my property taxes still going up? And why does the state not down value my home?

Make it a law that if a home has been devalued, property taxes are adjusted accordingly.

8 posted on 10/11/2008 9:45:41 AM PDT by rintense (Chuck Norris wears Sarah Palin pajamas.)
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To: popdonnelly
McCain voted for the socialist bailout. Now he wants to give another $300 billion to those who overpaid for their homes! He's making Obama look like a sober fiscal conservative! I don't get it.

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus

9 posted on 10/11/2008 9:45:55 AM PDT by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: 07Jack

The only housing fix I would be for is taking a portion of the bailout money and offering any soldier who has served or will serve in Iraq or Afganistan a fixed rate 3% - 30 year home loan for their service to our country. That would take homes off the market across the country and aid in stabilizing prices. It would also help the military in their recruiting efforts. I don’t think any patriotic American would be against it.


10 posted on 10/11/2008 9:53:58 AM PDT by anonsquared
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To: 07Jack
McCain better seek something else this election has slipped through his fingers, nice guys finish last, in politics that is.
11 posted on 10/11/2008 9:58:53 AM PDT by boomop1
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To: 07Jack

Admittedly, I was a bit hot ‘n hostile while composing this ‘commentary’ to McLame site ...

Are you just out of your freakin’ maverick mind ???

First you sell us out with the freakin’ Wall Street Bail-out, larded over with Dem/Lib/Lefist pork payoffs to the lamers that got us into this mess in the first place.

Now, you want to pile on another whole $#!T sandwich of bailout for irresponsible lamers who bought in over their heads in a speculative Real Estate bubble in hopes of cashing out big — somehow ! — later before the bubble burst ???

I pay my own way; own my own outcomes; don’t lean on ANYONE or ANYTHING else to make it. I’m solvent but watching my 401k and IRAs melt away because of what you’ve allowed to happen up ‘til now and NOW you want to bury us even deeper in this $#!T storm ???

I STILL HAVE to vote against Obama, but that doesn’t mean you win any beauty constest, lamer !!!

I’ll still be holding your loser feet to the fire from day one, presuming you pull your head out of you @$$ and figure out how to win this thing.

Wise up and toss this losing notion !!!

Hope I’m not alone in my sentiments, even if my chosen expression is somewhat over the top.


12 posted on 10/11/2008 10:06:00 AM PDT by 21stCenturion ("It's the Judges, Stupid !")
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To: 07Jack

I want a new car even though I owe more money on the old one than it is worth. Can I restructure my loan so that I only owe what the car is worth now?


13 posted on 10/11/2008 10:06:35 AM PDT by sportutegrl (0bi has been looking a little wan.)
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To: rintense
If home values are declining, why are my property taxes still going up? And why does the state not down value my home?

Who ever said local Governments are not just as corrupt as the Feds. Most of them require the homeowner to take the time and effort to require the new assessed value be considered. The intent is that most people are not aware and their interest is the higher tax. They make it as hard as possible.

14 posted on 10/11/2008 10:09:14 AM PDT by Logical me (Oh, well!!!)
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To: 21stCenturion

Man you expressed my sentiments exactly.


15 posted on 10/11/2008 10:14:14 AM PDT by 07Jack
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To: 07Jack
"McCain Campaign Seeks Input From Public on "Homeowner Resurence Plan".

John, why don't you seek input on HOW TO WIN THIS ELECTION instead of discussing a "Resurgence" plan with the lumpen masses?

Most people don't even know how to pronounce "resurgence" and if they did, they'd think it's what you do when you've had too much to drink.

Oh, we are SO screwed!

Leni

16 posted on 10/11/2008 10:16:14 AM PDT by MinuteGal (Obama's Moose is Cooked!)
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To: anonsquared

“The only housing fix I would be for is taking a portion of the bailout money and offering any soldier who has served or will serve in Iraq or Afganistan a fixed rate 3% - 30 year home loan for their service to our country. That would take homes off the market across the country and aid in stabilizing prices. It would also help the military in their recruiting efforts. I don’t think any patriotic American would be against it.”

Good idea.


17 posted on 10/11/2008 10:28:22 AM PDT by AuntB ( "During times of universal deceit, telling the truth becomes a revolutionary act." - George Orwell)
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To: anonsquared
The only housing fix I would be for is taking a portion of the bailout money and offering any soldier who has served or will serve in Iraq or Afganistan a fixed rate 3% - 30 year home loan for their service to our country. That would take homes off the market across the country and aid in stabilizing prices. It would also help the military in their recruiting efforts. I don’t think any patriotic American would be against it.

Now that's an excellent idea!

18 posted on 10/11/2008 10:31:12 AM PDT by Cementjungle
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To: Onerom99
McCain is as clueless about this economic mess as Bush and Obama are.

But McCain has Carly Fiorina to advise him. (barf)

19 posted on 10/11/2008 10:34:33 AM PDT by Roccus (POLITICIAN.....................A four letter word spelled with ten letters.)
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To: 07Jack
I told him he is nuts, and that attacking the bankers while defending the deadbeats who stiffed them is not helpful.
20 posted on 10/11/2008 10:34:46 AM PDT by JasonC
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To: anonsquared

Smart...send it to the campaign.


21 posted on 10/11/2008 10:35:45 AM PDT by Earthdweller (Socialism makes you feel better about oppressing people.....)
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To: anonsquared

An idea like that would make the bailout more palatable.


22 posted on 10/11/2008 11:10:19 AM PDT by 07Jack
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To: 07Jack
1. Homeowner in default for A$.
2. Homeowner owes on loan B$.
3. Property is now worth C$.
4. Government Buys loan from bank (less penalties) for B$.
5. Government gets preferred stock from Bank (B$-C$).
6. Homeowner must qualify for fixed interest loan of C$.
7. Upon selling house Homeowner owes A$+B$(+interest - principle payments).

Government is secured by loan and preferred bank stock. Government stands to profit from future sale and preferred stock sale. Homeowner must live in home.

Could this work?

23 posted on 10/11/2008 11:26:59 AM PDT by Mike Darancette (Nyet-Bama)
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To: bmwcyle

Ping

I sent the McPain my hell no!


24 posted on 10/11/2008 12:22:51 PM PDT by theKid51
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To: Mike Darancette

Those stipulations would vastly improve what stands on record now in his proposal.
Please submit them to the McCain web site!


25 posted on 10/11/2008 12:26:11 PM PDT by 07Jack
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To: 07Jack
Bump.
There has been alot of strong feelings expressed regarding Senator McCain's Homeowner Resurgence Plan.
Here's an opportunity express your opinion or make suggestions to his campaign.

The McCain-Palin website now has a page soliciting “thoughts” on his “Homeowner Resurgence Plan.” Here is the link:

http://www.johnmccain.com/involving/petition3.aspx?guid=84a6fec2-583a-47c8-b332-4d2a9c4bd407

26 posted on 10/11/2008 2:58:11 PM PDT by 07Jack
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To: 07Jack; All; everyone

Reader:

Yes, you!

Please watch this video and then send this link on McCain’s Web page!

http://www.freerepublic.com/focus/f-news/2103357/posts

Also, call your GOP Congressional and Campaign offices. Tell them what you are sending them — then send them the link!

Do it ASAP. Call the Campaign offices tonight!

http://www.freerepublic.com/focus/f-news/2103357/posts


27 posted on 10/11/2008 4:09:17 PM PDT by unspun (At least it's Mike Huckabee vs. Ms. Piven, at this point. Pray for his safety.)
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To: 07Jack
I let him know how I feel. I told him I sent him $200 and am beginning to want my money back.

It's true btw.

28 posted on 10/11/2008 6:28:25 PM PDT by hinckley buzzard
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To: anonsquared
Way too rational. First law of politics: When you come up with a profoundly good idea, expect the entire goobermint to run for the outhouse.
29 posted on 10/11/2008 6:30:52 PM PDT by hinckley buzzard
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To: Roccus
But McCain has Carly Fiorina to advise him. (barf)

And we saw what a great job she did at Hewlett Packard.

30 posted on 10/11/2008 6:33:24 PM PDT by hinckley buzzard
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To: 07Jack
KILL THE BAILOUT
31 posted on 10/11/2008 6:42:59 PM PDT by TADSLOS (Put Palin in the White House. Send McCain to Sun City, AZ)
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To: Texas4ever; All

Geeeeee .. if anybody could bother to watch FOX - they have been running a documentary on who exactly created this mess .. and it names names, lots of democrat names.

It also shows that both Bush and McCain tried to stop the train wreck but the “ruling party” kept voting everything down.

The way to make THE DEMOCRATS PAY - vote those idiots out of office.


32 posted on 10/12/2008 12:40:23 AM PDT by CyberAnt (Michael Yon: "The U.S. military is the most respected institution in Iraq.")
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To: Texas4ever

Heard this on Fox.

Give every citizen a million dollars!

That’s half of the $700,000,000,000 ‘rescue’ plan.


33 posted on 10/12/2008 2:09:21 AM PDT by Islander7 (This Atlas is shrugging!)
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To: Islander7

Hey I already sent in that idea to all my congressmen telling them that if they were dead set on spending that much taxpayer money then the taxpayers should be the ones to get the most benefit out of it.

My suggestion was that they could save half of their proposed expenditure for the bailout by sending every citizen a million dollars with the stipulation that the funds first had to be used to pay off their existing mortgages and debts, with the remaining funds to be placed on deposit with a bank or investment firm, or to buy stock but the funds could not be touched for at least 5 years. That would have shored up the banks, eliminated the need for bailing out Wall street, and made credit and capital available to individuals and business. Those that did not already own a home could use up to half of the money to buy real estate once they had paid off their debts, but the remaining funds had to be placed on depost with a bank or investment firm.

The second part of my idea was that they immediately change the laws to requre lending instututions to verify income of all loan applicants, require down payments on all future mortgages of at least 5% of the purchase price of the home and no mortgages could not exceed 95% of the homes market value. Borrowers would also be required to have good credit history once again.

While my suggestion was admittedly tongue in cheek, it certainly would have made much more sense than the bill they actually did pass!


34 posted on 10/12/2008 2:58:06 AM PDT by Flamenco Lady (Proud to be a pitbull that wears lipstick too!)
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To: 07Jack; BufordP; GunsareOK

McKook strikes again!


35 posted on 10/12/2008 3:16:40 AM PDT by Tolerance Sucks Rocks (Drill Here! Drill Now! Pay Less! Sign the petition at http://www.americansolutions.com/)
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I sent the RINO a piece of my mind! (Using house as an ATM, only 4% of mortgages in default, where is my interest rate break, etc., etc.). BTW, $1 million to every U.S. Citizen (305,392,631 of them, maybe 290,000,000 legal?) would equal $290 Trillion not $290 Billion.

http://www.jimloy.com/math/billion.htm

36 posted on 10/12/2008 3:24:43 AM PDT by Drago
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To: Flamenco Lady

The only thing I’d change is that the down payment should be at least 15 percent.


37 posted on 10/12/2008 3:25:11 AM PDT by Tolerance Sucks Rocks (Drill Here! Drill Now! Pay Less! Sign the petition at http://www.americansolutions.com/)
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To: Tolerance Sucks Rocks

I debated on the percentage of the downpayment myself. I would have liked to make it about 20%, but since so many people have gotten used to no down payment I thought that might be stretching it at this point in time. LOL!


38 posted on 10/12/2008 3:38:50 AM PDT by Flamenco Lady (Proud to be a pitbull that wears lipstick too!)
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To: 07Jack

I gave him my opinion. He probably won’t like it. In short, I asked him why the taxpayers have to continually bail out the deadbeats that obviously bought more house than they could afford. I’m sick of this welfare state.


39 posted on 10/12/2008 3:44:13 AM PDT by meyer (Go, Sarah, Go!!)
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To: Flamenco Lady

You didn’t actually expect any of the Ruling class to listen to your plan, did you?

I mean, you are just some kook in fly over country.

Now pay your taxes and shut up.

/s


40 posted on 10/12/2008 3:54:04 AM PDT by Islander7 (This Atlas is shrugging!)
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To: Tolerance Sucks Rocks
20% down for average to good credit rating, 10% down for excellent credit rating. Sliding scale between the two. Must be employed, and payments, including property taxes, must be no more than 28% of gross income (wages, tips, salaries, etc - welfare and food stamps are NOT acceptable income). Mortgage insurance required with less than those down-payment amounts.

No mortgage or combination of loans secured by the property may total more than 95% of the property's market value, which will be the smaller of 1 - selling price of similar homes in the nearby area, or 2 - the appraised value of the home as agreed upon by the local taxing jurisdiction and a certified appraising agency.

41 posted on 10/12/2008 3:56:11 AM PDT by meyer (Go, Sarah, Go!!)
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To: Mike Darancette
“Could this work?”

No, throw the property squatters out in the street!

A home isn't a right, it's a privilege to be paid for and not by government!

42 posted on 10/12/2008 4:11:59 AM PDT by dalereed
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To: 07Jack

This makes me ****ing sick. God forbid any of these politicans (including McCain) read and abide by the Constitution!


43 posted on 10/12/2008 4:30:06 AM PDT by dinodino
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To: Islander7
Well their job is to represent their constituents, but unfortunately very few if any do represent them any more.
44 posted on 10/12/2008 4:32:32 AM PDT by Flamenco Lady (Proud to be a pitbull that wears lipstick too!)
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To: Flamenco Lady

“...Well their job is to represent their constituents, but unfortunately very few if any do represent them any more...”

You have got it all wrong. Their job to get reelected!


45 posted on 10/12/2008 4:34:00 AM PDT by Islander7 (This Atlas is shrugging!)
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To: Islander7

No kidding. Term limits are looking better to me all the time. We need to get rid of lots of these career politicians, and get some new blood in there that might actually start representing the citizens.


46 posted on 10/12/2008 4:39:20 AM PDT by Flamenco Lady (Proud to be a pitbull that wears lipstick too!)
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To: Roccus

But McCain has Carly Fiorina to advise him. (barf)

Lou Dobbs would be a better choice. Or maybe Malcolm Forbes, depending on what he says on the talk show today.


47 posted on 10/12/2008 4:45:42 AM PDT by IM2MAD
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To: hinckley buzzard
And we saw what a great job she [Carly Fiorina] did at Hewlett Packard.

And what she did to Lucent (potentially one of the most innovative companies in the world) before that.

Fiorina is a looser. In that respect, I suppose it's logical that she would be one of McCain's top advisers.

48 posted on 10/12/2008 6:48:49 AM PDT by upchuck (Law of Logical Argument: Anything's possible if you don't know what you're talking about. => nObama))
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To: 07Jack; AuntB; Cementjungle; Earthdweller; hinckley buzzard

I did send this idea along to the campaign, but whether or not someone will read it and pass it up the chain of command is another story. Maybe we should start calling into all the talk shows this week to demand vouchers for low cost home loans for our troops be a part of the bailout package. After all, any money set aside for that is less money government has to do mischief with!

Or maybe McCain should try this...

“Vote for McCain/Palin and we guarantee that the moonbats and minorities will burn down large swathes of American cities thereby removing many abodes from the marketplace and shoring up the real estate market. We can then start the campaign to relocate the socialists in the cities to suburban and rural parts of America where their reeducation in the joys of personal responsibility can commence in earnest.”


49 posted on 10/12/2008 7:22:48 AM PDT by anonsquared
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To: dalereed

What part of qualify for a fixes interest loan do you not understand? If they can make the payments then they are not squatters. Do you just want to punish people is that what being a conservative means to you?

If this property is not occupied and the bad loans removed from the bank’s books then the problem will not be cleared up.

Obama’s idea will be to give the money to ACORN which will make the payments for the defaulted homes (after getting their cut of course).


50 posted on 10/12/2008 7:51:13 AM PDT by Mike Darancette (Nyet-Bama)
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