Posted on 04/11/2008 5:59:16 AM PDT by King of Florida
Senator John McCain, who drew criticism last month after he warned against broad government intervention to solve the deepening mortgage crisis, pivoted Thursday and called for the federal government to aid some homeowners in danger of losing their homes, by helping them to refinance and get federally guaranteed 30-year mortgages.
“There is nothing more important than keeping alive the American dream to own your home, and priority No. 1 is to keep well-meaning, deserving homeowners who are facing foreclosure in their homes,” Mr. McCain said in a speech on economic themes that he gave at a window company in the Bay Ridge section of Brooklyn.
Mr. McCain, an Arizona Republican, had been painted as uncaring by Democrats, and drew murmurs of concern from some Republicans, after a speech in California last month in which he cautioned that “it is not the duty of government to bail out and reward those who act irresponsibly, whether they are big banks or small borrowers,” and noted that the crisis had been brought on by both lenders and borrowers.
Since then, he has gone out of his way to try to signal that he understands that times are tough and that people are hurting. His speech in Brooklyn — which is to be followed by what aides are billing as a major economic address next week — was a shift in tone, and part of a new effort to communicate that as president he would act to help Americans in financial distress.
“Let me make it clear,” Mr. McCain said, “that in these challenging times, I am committed to using all the resources of this government and great nation to create opportunity and make sure that every deserving American has a good job and can achieve their American dream.”
(Excerpt) Read more at nytimes.com ...
I'm writing in Barry Goldwater. I don't care if he's dead.
As long as he's not offering handouts to undeserving Americans, or non-Americans, this is a good stand. I'm voting for him!
Fixed
I was named after him.You can write me in.:D
My American dream is not paying for every sucker who got a zero-down variable rate loan right at the top of an obvious housing bubble. Can you help me on that, Senator?
“undeserving”
to a leftist (like McCain, Hillary, and Barry)
means “anyone who made the right decisions and sacrifices such that they aren’t sitting in an uncomfortable situation”.
“I’m writing in Barry Goldwater. I don’t care if he’s dead. ‘
Thomas Sowell is alive and extremely well and Goldwater, IMO, would approve.
The essence of “liberalism” -
forcing those who make good decisions pay for the consequences of others’ bad decisions.
Who gets to decide which Americans are deserving and which are not?
He's dead? Damn, maybe he will do better in this election.
“As long as he’s not offering handouts to undeserving Americans, or non-Americans, this is a good stand. I’m voting for him!”
Gee, that makes me feel really good inside. This type of pandering by McCain is the very reason I may NOT vote for him.
The American Taxpayer is overburdened with this Socialist nonsense.
It is BTW distroying our country. And it doesn’t matter if they are giving the money to the undeserving or the deserving, the outcome is the same.
THEY ARE STEALING OUR MONEY TO BUY VOTES!
He’s just showing his liberal colors which he tried to hide.
Anyone that signed one of those mortgage contracts and can’t make the payments should be kicked out and become a renter again, a position they should never have left.
I believe so...it sounds more like a helping hand rather than a handout. The mortgage crisis was brought about mainly by mortgage companies qualifying homebuyers whom, in 9 out of 10 cases, failed to meet even minimum standards--in longstanding proven sound economic principles. We now have plenty of federal help bailing out Baer Stearns, yet I never hear FReeper outrage about the real culprits who cause the mess and nary a whimper when you see their CEOs finally get ousted with multi-million golden parachutes. Why is that?
after being hounded and threatened by a Clinton Admin member, Deval Patrick, over "redlining" and not giving enough loans to [unqualified] minority borrowers.
www.openmarket.org/2007/10/17/deval-patricks-role-in-the-mortgage-crisis/
Yes, Mr. McCain there are in fact a few things that are far more important.
This is why I'll never, ever vote for John McCain, although I may vote for his Vice President, depending whom he chooses and with the caveat that I can secretly hope John is unable to fulfill his term.
John McCain is a pandering traitor, POW status not withstanding.
Cheers,
Lloyd
“I never hear FReeper outrage about the real culprits who cause the mess and nary a whimper when you see their CEOs finally get ousted with multi-million golden parachutes. “
WHAAA! Who are the “real” culprits?
And so what about CEO pay. CEOs are paid buy companies and approved by the OWNERS the shareholders appointed boards.
How can you equate a government handout and CEO pay.
I’m not calling you a socialist but you think like one.
One step forward...
I am committed to using all the resources of this government and great nation...
Two steps back!
"Resources" of the government would be the money stole from the productive members of this great nation. Giving said monies to those that did not earn it, is called wealth redistribution...or communism.
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