Lee "The Minuteman" Atwater beat me to this story.

Standing at the ready.

Gee, the Republicans are listening to Obama.
McBush will flip flop two more times on this one issue before the election. Don't worry about what his policies are because they will change by tonight.

Malkin's comments will make for a great Obama commercial.

We've been screwed for the previous eight years. Can the future be less than the present?

The next president may well have the ending of the "Greater" depression as his legacy. He will at least not get the blame for starting it.

"He will at least not get the blame for starting it."

Sure he will...what, you didn't know Obama personally signed for every single Fannie and Freddie Loan? He also forced all those lenders to make 125% LTV loans, interest-only loans, and teaser rate loans, as well as forcing them to repackage and re-rate those loans into CDOs. And he forced them to ignore everything they learned in business school about sensible loans and accounting for risk. It's ALL his fault!

"It's ALL his fault!"

And John McCain and Sarah Palin are actually out on the campaign saying that. Liars who the righties here will choose to believe regardless of how ridiculous their statements become.

Danni,

Of course it's not all his fault.

Nevertheless, the Democratic party squelched multiple efforts made by the Republicans to reign in Fannie and Freddy.

This is documented history.

McCain's plan would never be implemented. He is pandering - had to have something to differentiate himself from Bush or Obammylammydingdong. We are screwed if govt spending is not placed in check.

"McCain hopes plan will resonate with moderate and undecided voters."

If there are any undecideds left, I'd hate to think of a nation left in their hands. It's sort of like finding a Las Vegas jury of folks who never heard of O.J. Simpson. herm

Speaking as an independent voter, i can tell you this plan sucks. it's going in the wrong direction.

I may go along with some device that will allow the mortgage holder to switch a ARM into a fixed rate if they meet the salary requirments of the original contract numbers. If they can realistically expect to be able to make a fixed rate payment, then help them. everybody wins.

the people that took mortgages they couldn't afford and the banks that give them, too bad.

I may go along with some device that will allow the mortgage holder to switch a ARM into a fixed rate if they meet the salary requirments of the original contract numbers. If they can realistically expect to be able to make a fixed rate payment, then help them. everybody wins.

but then that wouldn't cost $700 million.

Lipz,

You are right on the money here.

I hate the thought of having to spend that much money to bail out people for making stupid decisions. People who cant afford a mortgage can always rent. The banks were forced into making stupid loan and people who knew they could not pay it back had no business trying to get these loans.

The Republicans and the Democrats all share the blame for this mess. Even though there are people like Danni who will never see the truth.