Clinton has proposed the government help people who are struggling to keep their homes by freezing foreclosures, guaranteeing new loans and possibly acting as a temporary purchaser of mortgages. McCain today warned against this kind of action saying, "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."
Clinton bashed him for those remarks, which were read to her by a reporter.
"It sounds remarkably like Herbert Hoover,” she said, “and I don't think that's good economic policy. You know, we have a framework of regulation. It needs to be updated and modernized. The government has a number of tools at its disposal that are well-suited for just this situation, and I think that inaction has contributed to the problems we face today, and I believe further inaction would exacerbate those problems."
I don't think anything could illustrate more the difference in how people like Hillary think. Why don't we just pay off all the cars that have been re-possessed as well? Just because you and I buy a car that we can afford and pay the notes doesn't mean that EVERYONE has to! Let's just use our hard earned tax money to pay off their car loans. Why not?
Tuesday, March 25, 2008
Posted by RightwingSparkle at 11:13 PM