Tuesday, October 7, 2008
Mortgage That, John McCain!
This is my house. I am very happy to hear that John McCain is planning to get the federal government into the mortgage business. Since I'm not entirely sure what will happen with my employment next year, I think it would make good economic sense for the government to buy up my mortgage, too, and refinance it at an affordable zero percent interest.
Geez louise! Did anyone besides me wonder what it would cost for the feds to buy up all the iffy mortgages? And did anyone else weigh that against the cost of simply allowing judges to locally renegotiate or rewrite the terms of predatory loans?
McCain is obviously getting desperate. This isn't policy; it's populist pandering. And it's almost as erratic and bizarre as his reference to Obama as "that one."
(Video clip via Andrew Sullivan's Daily Dish)
What did you all think of the debate?