Michelle Malkin has been a consistent cheerleader for the McCain/Palin campaign, but it appears that even she has had enough:
I can’t underscore enough what a rotten idea John McCain’s ACORN-like government mortgage buy-up is. … We’re Screwed ‘08.
This was his supposed “game-changer.” This was the very first thing out of his mouth during the debate tonight — his big pitch right off the bat.
He spent the entire debate assailing massive government spending — while his featured proposal of the night was to heap on more massive government spending to pursue home ownership/retention at all costs. If Obama had proposed this, the Right would be screaming bloody murder about this socialist grab to have the Treasury Department renegotiate individual home loans and become chief principal write-down agents for the nation.
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The flaw in the McCain proposal is that it doesn’t benefit homeowners, it benefits mortgage givers. It guarantees them the inflated price of the house will stick and the mortgage will be paid off in full. How? With our money, of course. It’s sick.
Another one siding with the home team, at least for now. 50 bucks for whoever can do this to Bay Buchanan.