I must have missed this story earlier…what an idea!!
Under a McCain administration, if you’re in a financial bind because you can’t pay your mortgage, the government would buy it and then give you something more affordable. Huh?
Apparently it’s true.
WASHINGTON (oct. 8th, 2008) — Scrambling to repair his image on economic issues, Senator John McCain proposed during Tuesday night’s debate a $300 billion plan authorizing the treasury secretary to buy the mortgages of homeowners in financial trouble and replace them with more affordable loans
Read the rest of the story in The New York Times.
Next thing you know they’ll be giving everyone health insurance. What is the capitalist world coming to?
