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EScroogeJr (< 20)

McCain warns against homeowner bailouts

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March 25, 2008 – Comments (6)

This is the first honest statement from a candidate during this campaign. Sadly, it also means that McCain has no hope in hell of getting elected.

McCain warns against homeowner bailouts

By Andrew Ward in WashingtonTuesday Mar 25 2008 17:25

John McCain has promised to consider all options to ease the crisis in the US credit markets but warned that the government should not bail out homeowners or lenders who acted irresponsibly.

The Republican presidential candidate said assistance to the financial sector should be based solely on tackling systemic risks and that speculators and second homeowners should be excluded from any aid to homeowners.

"I will not play election-year politics with the housing crisis," said Mr McCain. "It's not the job of government to bail out and reward those who act irresponsibly, whether they're big banks or small borrowers."

6 Comments – Post Your Own

#1) On March 25, 2008 at 10:09 PM, abitare (99.38) wrote:

McCain is a dangerous, nutty moron....

McCain vs SC Teen 

 

McCain dumb and dangerous on Iraq 

 

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#2) On March 25, 2008 at 10:12 PM, abitare (99.38) wrote:

McCain wants to put Alan Greenspan back in the FED:

 

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#3) On March 25, 2008 at 10:35 PM, EScroogeJr (< 20) wrote:

I would echo your statement if McCain were running against Thomas Jefferson and Andrew Jackson and we could choose between the three. But the grim reality is that we'll be choosing between McCain, Obama and Billary.

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#4) On March 25, 2008 at 10:59 PM, abitare (99.38) wrote:

The lessor of evils is still evil. I will write in Dr Paul.

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#5) On March 26, 2008 at 9:46 AM, redearth329 (99.84) wrote:

McCain is right. If you lent money to someone, and they can't pay you: you're screwed. If you borrowed money and can't pay it back, you're screwed, too. What is so hard to see about that? The rest of us who are responsible with our money are paying enough for your misdeeds by suffering through the stock market downturn. We don't need to actually pay you back for being an idiot. Remember, when someone says 'government bailout', it means taxpayers' money... those of us who still have some, anyway.

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#6) On March 26, 2008 at 10:56 AM, charlesblazer (99.34) wrote:

I too was pleasantly surprised to hear this from a presidential candidate.  But I guess that's his thing.  He takes positions that, although they are right, are harsh or unpopular and seem like political suicide.  It boggles my mind to think that he made it this far.

I find it invigorating.  Thrilling, really.  Finally someone who tells it like it is, instead of a rosy spinmaster.  That, to me, is real Change™.  I wish he stood a chance of winning.

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