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Thursday, October 09, 2008

This Hurts, Explaining McCain's Housing Plan

Posted by: Amanda Carpenter at 3:56 PM

Townhall readers know I am not a fan of McCain's new housing plan, but I ended up having to defend it a bit on MSNBC today because Barack Obama's mischaracterizing it so badly on the campaign trail.

Yes, it hurts.

Obama keeps saying McCain is handing over a new $300 billion to the banks, screwing the taxpayer etc. According to the McCain plan, McCain isn't asking for any "new" money. That $300 billion is taken as a carve-out of the $700 billion already passed by Congress--WHICH OBAMA VOTED FOR--and will be used to buy failed mortgages and negotiate the rates at market value.

Obama already signed off on this money. Not new. He already screwed the taxpayer.

If he wants to take issue with the spending, he shouldn't have voted for it. I personally wish neither of them had voted for this thing, but they did. It's just really dishonest of Obama to try to act like the fiscal conservative who cares so much about this money after he voted for all this spending.

There's lots of things to quibble with about McCain's plan as I have done here at Townhall. But Obama has never had any problem with the redistribution of wealth until McCain proposed this plan. Quite frankly, I'm surprised Obama didn't propose something along these lines himself. And besides, shouldn't Obama be happy McCain wants this money to be directly transferred to homeowners and not the Wall Street fact cats?

Again, I really detest the notion of any of this income redistribution but it is helpful when people at least know what the other is really talking about. Then I could proceed to actually talk about the things I think are important (the problems with this plan) rather than having to make sure everyone understands what the dang thing is.

At the very least, McCain presented a plan. What's Obama got? Talking points. "McCain is more of the same." Now Obama's criticizing spending he's already signed off on. It doesn't make any sense on his part.

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Virginia Patriot writes:	Thursday, October, 09, 2008 9:14 PM
No Taxpayer Money For Bad Decisions
Period.
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Shannon writes:	Thursday, October, 09, 2008 6:55 PM
Troll infested
This site used to be a place for debate and discussion, but now is just a troll dumping ground. Regarding the housing plan; I think Obama is still pissy his homeys at ACORN did not get their share in the bailout. Perhaps he is feeling the heat from ACRON now for not making it happen. I don't know, and really don't care what Obama is whining about today.
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sara writes:	Thursday, October, 09, 2008 5:04 PM
McCain's plan is problematic
McCain's proposal is extremely troubling. I am a McCain supporter, but this has me very concerned. It supports his critics' position that he lacks focus. Now, even I question what Senator McCain stands for. I believe in his integrity and courage, but what happened to the conservative values and principles of small government and personal responsibility? What happened to some straight talk? Clarity is essential always, but now more than ever. Sarah Palin was very clear during her debate about personal responsiblity. What was Senator McCain thinking? Why turn off the conservative base at this point in the election and why propose something that flies in the face of everything you claim you stand for? I don't get it.
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NeroDavola writes:	Thursday, October, 09, 2008 4:56 PM
McNuts
http://www.mcclatchydc.com/homepage/story/53670.html?mi_ema il=McClatchy%20Washington%20Bureau_DC+Newsletter
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NeroDavola writes:	Thursday, October, 09, 2008 4:11 PM
Poor Amandahannity
Go back to your ACORN and Ayers whinefest. It suits you better than trying to placate the minions regarding Grampy's missteps.
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