When John McCain announced he wanted to buy homes, did Ronald Reagan roll over in his grave?

I'm a McCain supporter but this buy homes thing, no wayWhen John McCain announced he wanted to buy homes, did Ronald Reagan roll over in his grave?
Just another knee jerk reaction of McCain鈥檚 鈥?Like his cutting ALL spending except鈥?or suspending his campaign for a photo op and choosing Palin as his running mate in an attempt to win over disgruntled Hillary supporters.When John McCain announced he wanted to buy homes, did Ronald Reagan roll over in his grave?
Too many stunts in too many elections can bite ya in the ***.





Thanks for the pints bro... :)

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Actually this is the best answer out there bar none. There is no way you can trust people at this time with anything but their most valued possession. There are more dollars collectively in those homes than their are in any other business. People can make their payments if they are not saddled with something completely unreasonable. It may be the banks screwed the whole thing up but this does two things. Frees money to begin flowing again AND provides the capitol the banks need to operate under. Its not the most savory plan in the world but the banks won't do it and didn't. There aren't any other good choices. Supplementing the banks thus far really hasn't worked out. Think of it. Last year the DOW was at an all time high. But that's when momentum really began to build on people losing their homes left and right. No matter the candidate this is the right way to go.
That one was interesting. I can see it possibly being applied in the regions hardest hit, but the problem is it could be punitive to those who have been sacrificing to fulfill their contracts. As a personal example, the Florida RE market tanked 2 years ago, and the banks have been holding fire sales. People are choosing to walk away from their loans because the property values have gone down while their payments have gone up. My parents have gone back to work to make the payments on their properties. If you go in and artificially ';stabilize'; the market there, this hurts people like my parents. Who should the government help? People walking away from their loans or people staying the course?





I agree with Joe that the banks should have been doing this on their own. Instead of foreclosing and then turning around and marketing the properties for pennies on the dollar. How punitive the banks have been in these cases, and then the government uses our money to bail them out.





In a true conservative sense, none of these banks or people should be bailed out.