Posted on 10/07/2008 9:11:25 PM PDT by ari-freedom
Thank you for joining me here today. I just returned from a trip overseas that included assessing the state of affairs in Iraq, the Middle East, and Europe. I will have more to say on those important issues in the days and weeks to come.
While I was traveling overseas, our financial markets experienced another round of upheaval. This market turmoil leaves many Americans feeling both concerned and angry. People see the value of their homes fall at the same time that the price of gasoline and food is rising. Already tight household budgets are getting tighter. A lot of Americans read the headlines about credit crunches and liquidity crises and ask: "How did we get here?" In the end, the motivation and behaviors that caused the current crisis are not terribly complicated, even though the alphabet soup of financial instruments is complex. The past decade witnessed the largest increase in home ownership in the past 50 years. Home ownership is part of the American dream, and we want as many Americans as possible to be able to afford their own home. But in the process of a huge, and largely positive, upturn in home construction and ownership, a housing bubble was created.
(Excerpt) Read more at johnmccain.com ...
i did note the date - the finest campaign tool barack obama has IS john mccain.
THANKS JOHN MCCAIN FOR TURNING OUR DEMORATIC REPRESENTATIVE GOVERNMENT OVER TO MARXISTS. thanks - a whole ton lot.
he’s doing a clinton...but with tax cuts
it’s the kind of thinking that gave us freddie mac. hey it’s a little socialist and a little capitalist...it’s a moderate idea!
freddie would have been a lot better if it was a completely bureaucratic welfare agency instead of this creepy viral garbage producing machine.
And now he wants the tax payer to help pay off Dead Beat’s Mortgages.
on the other hand, many of those ‘dead beats’ are taxpayers. Poor people rent or are in public housing. So this is a ‘struggling’ middle class issue.
If you sign your name to a mortgage that you are not able to pay off or even keep up with the payments, you are a dead beat.
I guess John McCain changed his mind.
ok but it is still a middle class issue. McCain is following the clinton playbook of focusing on the problems and concerns of the middle class and not the very poor or rich.
He is talking to the kitchen table people (mostly women) who actually are interested in the boring details but have no use for sweeping defenses of abstract philosophical ideas or attacks against the other guy.
I did not realize that having the Tax Payers pay off my mortgage was a middle class issue.
it’s not an inner city issue. It’s the kind of issue that Bill Clinton would come up with. He’s speaking to the pumas and potential pumas. They seem to like it.
http://www.hillaryclintonforum.net/discussion/showthread.php?t=34469
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