Conservative Backlash over McCain's Mortgage Plan

"... the estimated $300 billion tab essentially gets transferred to taxpayers, among the funding already provided by the bailout bill -- a proposal that may rile not only fiscal conservatives, but also struggling homeowners who have worked to keep up their mortgage payments.

"The guy who works two jobs and struggles to actually pay his mortgage is penalized. He would be better off under this plan to just quit paying his mortgage," Lewis said. "And this fundamentally goes against a lot of conservative principles and individual responsibility." 

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But it remains to be seen if the Arizona senator's latest roll of the dice will pay off.

"Liberals who might actually be inclined to support a welfare check such as this are already going to vote for Barack Obama, and conservatives, who view this as irresponsible and even apostasy, are turned off by it," Lewis said. "This is both bad policy and bad politics."