Bravo for Sen. John McCain, who said (via Michelle Malkin):
Let’s start with some straight talk:
I will not play election year politics with the housing crisis. I will evaluate everything in terms of whether it might be harmful or helpful to our effort to deal with the crisis we face now.
I have always been committed to the principle that it is not the duty of government to bail out and reward those who act irresponsibly, whether they are big banks or small borrowers. Government assistance to the banking system should be based solely on preventing systemic risk that would endanger the entire financial system and the economy.
In our effort to help deserving homeowners, no assistance should be given to speculators. Any assistance for borrowers should be focused solely on homeowners, not people who bought houses for speculative purposes, to rent or as second homes. Any assistance must be temporary and must not reward people who were irresponsible at the expense of those who weren’t. I will consider any and all proposals based on their cost and benefits. In this crisis, as in all I may face in the future, I will not allow dogma to override common sense.
When we commit taxpayer dollars as assistance, it should be accompanied by reforms that ensure that we never face this problem again. Central to those reforms should be transparency and accountability.
Exactly. Sorry that you were speculated on a sub-prime variable interest rate and lost. But nobody held a gun to your head and made you sign that loan.
I lost $3k in cash the last time I went to Las Vegas. Not once did it ever occur to me that the government should bail me out from my own greedy gambling.
While this speech from yesterday was good, wait until you hear or read the transcript from the one he gave today.
He must have been reading a speech that John Effing Kerry wrote.
/God Help Us
Left by no2liberals on March 26th, 2008 at 4:03 pm