McCain Sanity????

[ronpaulforprez2008]

Now, before I make the following post I want to reassert my commitment to small Gov't that does not interfere with market forces, especially by leveraging fiat money to bailout certain preferred Parties. However, given the mess that we are in, created in a large part by a debt based monetary system and socialized Gov't, I actually think something positive could come out of McCain's latest economic sound-bites:

The Politics and Policy of McCain's New Mortgage Proposal (http://blog.newsweek.com/blogs/stumper/archive/2008/10/08/the-politics-and-policy-of-mccain-s-new-mortgage-proposal.aspx)

From what I hear, McCain's announced a plan for dealing with the crash that sounded a lot like what LaRouche has been suggesting. Namely, he's talking about re-invoking the depression era homeowners protection act and separating out saving real assets and dumping bogus ("illiquid") assets.

If this is accurate, then I see these as very positive steps in the short term. It keeps people from being dislocated out of their homes, which should make it easier for them to remain productive and actually pay-back those loans. Secondly, it helps exhaust the bad debt from the system without entangling savings, which is what is happening right now as high-risk investment banks are buying up solid consumer banks loaded with people's savings, putting even more people at risk.

Now, while I'm not interested in being extorted at the of a gun to bailout high-risk homeowners, I would think there is a way to structure this deal as debt so that the Gov't can recoup its principle with an interest rate hopefully close to CPI.

This ain't perfect, that's for sure, and it sure isn't Ron's way of moving forward, but it sure as heck beats the Obama-nation Globalist plan.

[D.H.]

From what I understand McCain wants to purchase the mortgages at full price, not punish the bankers with a loss and the taxpayers will have to absorb the difference.

http://blogs.abcnews.com/politicalradar/2008/10/obama-attacks-m.html

[BarryDonegan]

allowing someone to keep their house, but making it impossible for them to afford a gallon of milk, is not bailing them out.

[hillbilly123069]

MCPain is not insane,he just has a touch of dementia.

[libertarian4321]

McCain's proposal was so absurd, that I assumed it was just another one of his "senior moments" where he got confused.

Or maybe McCain is just that stupid...

[bojo68]

I thought that it was ironic that after all the neocon cranks did to Ron Paul, their anointed one gets up on wolrdwide tv and springs one of the most socialist inspired ideas/conjobs to ever grace the world stage.
Whatadork, of bunch of them as the case may be.

[Highland]

yeah send the bankers on a million dollar vacation to rest up from all the bailout excitement.

[kahless]

Even though I am voting 3rd party with an unlikely chance of winning I was hoping the outcome in that event would be McCain beating Obama.

But this latest proposal and his dismissive comments to Obama on nuclear safety were the tipping point for me where I do care if Obama wins and almost welcome it. McCain is far too dangerous to be allowed to destroy the party over the next 4 years with no chance for CFL recovering it.

[werdd]

Mccain just has no understanding of economics and surrounds himself with keysnians. With the possible exception of Luskin.

He is competing with obama about who is the most socialistic. The people are eating it up, the MSM could shove elephant shit down their throats and tell them it was cream pie at this point.

Then poll them about the taste, and frank luntz would collectively convince everyone it actually tasted good with his magical graphs of atari knobness mind controll machine.

Michelob is treating me well tonight

Marzen oktoberfest style
Pale ale
And amber bock

w00t!

[Sic Semper Tyrannis]

McBama what?