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McCain wants to spend $300 billion more to buy up bad mortgages

Posted on by jddqr

I cant underscore enough what a rotten idea John McCains ACORN-like government mortgage buy-up is. I said it during my liveblog. And Ill say it again: HE WANTS TO EXPAND THE BAILOUT. He wants to do what ACORN wants to do. Were 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. Thats 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 well 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 ...

TOPICS:

Constitution/Conservatism

Government

News/Current Events

Politics/Elections

KEYWORDS:

2008debates

backstabber

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mccain

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mortgages

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sorosboy

I'm so incredibly angry about this that I can't see straight.



To: jddqr

Get over it! I don't care what McCain says. He can say whatever he wants, just so long as we keep NOBAMA out of the WH!



To: jddqr

The “healthcare is a right” made me angrier.



To: jddqr

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.



by 4 posted onby Norman Bates (Freepmail me to be part of the McCain List!)

To: The Bronze Titan

Right.



by 5 posted onby unspun (Web search: "Cloward-Piven AND Obama" - get the truth out to all GOP officials & conservative media.)

To: jddqr

Yeah, I’m with you. Is it just me or do we have to chose between two very bad candidates?



by 6 posted onby Islander7 (The only thing Obama has to fear is the truth!)

To: The Bronze Titan

amen. it’s just that obvious.



by 7 posted onby ken21 (people die and you never hear from them again.)

To: jddqr

I forget, which one is the socialist?



To: anniegetyourgun

McCain never said that but Obama did. I’m still waiting for Michelle Malkin to get outraged over Obama.



by 9 posted onby Norman Bates (Freepmail me to be part of the McCain List!)

To: jddqr

Yawn. I would vote for Satan rather than The Empty Maxist Suit.



To: The Bronze Titan

That means YOU TOO, MICHELLE!



To: The Bronze Titan

There ya go! I agree.



by 12 posted onby FlingWingFlyer (If Barack Hussein Obama is the answer, it must have been a pretty dumb question.)

To: Norman Bates; The Bronze Titan

I love you koolaiders. You amuse me. SOCIALISM IS GOOD BECAUSE MCCAIN SAYS SO! RAH RAH RAH!



by 13 posted onby Crazieman (RIP USA. Killed by demonrats and RINOs like McLame. Welcome to the USSA)

To: jddqr

Memo to Michelle Malkin: try attacking the other side. I have become so tired of this woman.



by 14 posted onby Norman Bates (Freepmail me to be part of the McCain List!)

To: anniegetyourgun

That was B.O.’s comment, not McCain’s.



To: Norman Bates

Thank you for making my point.



To: jddqr

This is going to backfire because most Americans have to pay their mortgages and their taxes and only a small percentage of homeowners are in trouble. If it looks like welfare, and it smells like welfare, it's welfare.



This will cost him a couple of points in the polls.



To: jddqr

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.



To: G Larry

Thank you too....for repeating my point.



To: Crazieman

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.



by 20 posted onby Oldexpat (Drill Here, Drill There..we must drill everywhere.)

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