McCain has pundits 'scratching' heads
Politico reports "Conservative pundits and bloggers expressed outrage Wednesday over John McCain’s plan for the federal government to spend $300 billion to buy up troubled mortgages, announced during his debate with Barack Obama Tuesday night. . . . former Arkansas Gov. Mike Huckabee said on Fox News. “Conservatives are scratching their heads today and saying, ‘What happened?’” "What on earth is that about?" Huckabee asked. “Then you got to ask, which houses? . . .
When introducing his plan during the debate, McCain acknowledged that it carried a high price tag.“Is it expensive? Yes,” McCain said. “But we all know, my friends, until we stabilize home values in America, we're never going to start turning around and creating jobs and fixing our economy. And we've got to give some trust and confidence back to America.” Conservative financial scholar Alex J. Pollock of the American Enterprise Institute said he understands why conservatives are upset, but he sided with McCain nonetheless. “Nobody who understands the power of free markets likes bailouts, but it is a phase we go through again and again,” Pollock said. “These are not things you’d like to do, but you’re addressing the crisis, so you do it.”hr />
Tags: conservatives, John McCain, Election 2008, Mike Huckabee, mortgages, troubled mortgages, Politico To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
When introducing his plan during the debate, McCain acknowledged that it carried a high price tag.“Is it expensive? Yes,” McCain said. “But we all know, my friends, until we stabilize home values in America, we're never going to start turning around and creating jobs and fixing our economy. And we've got to give some trust and confidence back to America.” Conservative financial scholar Alex J. Pollock of the American Enterprise Institute said he understands why conservatives are upset, but he sided with McCain nonetheless. “Nobody who understands the power of free markets likes bailouts, but it is a phase we go through again and again,” Pollock said. “These are not things you’d like to do, but you’re addressing the crisis, so you do it.”hr />
Tags: conservatives, John McCain, Election 2008, Mike Huckabee, mortgages, troubled mortgages, Politico To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
Posted by Bill Smith at 5:28 PM - Post Link
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