It appears that the conservative wing of the Republican Party (remember them?) are none too pleased with the Senator's idea to buy up all the bad mortgages in America and renegotiate homeowners' payment plans.
That's the problem with springing surprise programs during a debate: you never know how they're going to play. In this case: not so well.
According to CNN.com:
"John McCain is facing a fresh round of anger from members of his own party deeply opposed to the Arizona senator's proposal for the federal government to purchase troubled mortgage loans."
Oh, come on. How bad could it be?
"In a sharply worded editorial on its Web site Thursday, the editors of The National Review -- an influential bastion of conservative thought -- derided the plan as "creating a level of moral hazard that is unacceptable" and called it a "gift to lenders who abandoned any sense of prudence during the boom years."
Well, that's not good but it's not so ba--
"Prominent conservative blogger Michelle Malkin went one step further, calling the plan "rotten" and declaring on her blog, "We're Screwed '08."
Oh, dear.
And:
"In a sharply worded editorial on its Web site Thursday, the editors of The National Review -- an influential bastion of conservative thought -- derided the plan as "creating a level of moral hazard that is unacceptable."
Yeesh. When you've got Hugh Hewitt's website pissed at you, you know you fucked up.
1 comment:
But then it's okay to throw money at bankers and Wall Streeters who are being rewarded for their own bad management. I'm so very tired of the pot calling the kettle black.
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