John McCain: Is He Still A Republican?

     I watched last night's debate, and a few minutes into it, I was shocked.  John McCain, the guy who criticizes Barack Obama's spending, proposed an idea that only a progressive Democrat could love.  Here's the quote from todays's Providence Journal:


"I would order the secretary of the Treasury to immediately buy up the bad home loan mortgages in America and renegotiate at the new value of those homes - at the diminished value of those homes and let people be able to make those - be able to make those payments and stay in their homes."

   
     So, let's get this straight: The leader of the Straight Talk Express wants to buy the worst, most delinquent loans that banks have, greatly reduce the principal owed, and I would imagine, the interest rate.  That means banks who made bad loans are rescued from their greed and borrowers who bought houses they couldn't afford are saved from their stupidity.  It doesn't seem  fair to tell someone with a $300,000 mortgage at 10% that we are going to forgive a large portion of that, and now they only owe $140,000 at 6%.  Where is the fairness?  If you don't pay your bills, you're given a gift, if you do pay your bills, you need to keep paying yours and someone else's.

     As I stated before, John McCain was not my first choice to be the Republican nominee.  Actually, he wasn't my second choice either.  John McCain will still get my vote, but it is not a vote for him as much as it is a vote against Barack Obama.  McCain is bad, but Obama is worse.

 

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