Wednesday, October 08, 2008

On housing, McCain now likes big government - Oct. 8, 2008

This will be bailout 3.0 -- err -- the Third Bailout.
On housing, McCain now likes big government - Oct. 8, 2008: "WASHINGTON (Fortune) -- Minutes into last night's presidential debate, the already listing ship of free-market Republicanism groaned, keeled over and began a long journey to the bottom of the political seas.

John McCain told us he wants the federal government to nationalize much of the home mortgage industry, buying up loans from strained homeowners and renegotiating new, more affordable terms.
The first one's won't work.

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