Senator McCain made a grave mistake in the debate tonight as he talked about the housing crisis and how to move forward from here. He basically said that the government needs to buy up the bad mortgages and work to re-negotiate them.
That is not a solution Senator McCain. That is what got us into this problem with corrupt democrats forcing lenders to give homes to those who can't afford them. I guess you could say the noble liberal experiment of homes for those who cannot afford them has failed just like "great society" to alleviate poverty. This is how the housing crisis evolved. Fannie May and Freddie Mac were essentially government agencies that bought up a bunch of these worthless mortgages and lo and behold collapsed.
Funneling them into the already bloated Treasury Department will not serve the country well. That will continue to force responsible Americans to pay for the actions of the un-responsible.
Where is the "personal responsibility" concept that brought me into the republican party to begin with!?
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