Yet Another Blatant Lie From John McCain!
Written by: Kim Sawyer
At the debate, John McCain promised that, if elected, he would direct the government to buy up bad home mortgages, allowing strapped people to keep their property. He called this plan the American Homeownership Resurgence Plan. McCain said his plan would allow homeowners to basically refinance their home at the current value, with the financial institutions eating the loss. Well, on Wednesday, he published documentation on how his plan would work and guess what? McCain’s plan would actually be more generous to financial institutions and more costly for taxpayer! When confronted with this obvious lie, McCain’s camp said that making financial institutions accept refinances at a loss was not “the intentions of the initiative.” The way I see it, his camp is really telling Americans that they are really stupid if they honestly believe McCain would help them save their home! According to McCain’s camp, it was just a simple mistake on McCain’s part to say this.
Tags: 2008 Presidential Election, Homeownership Resurgence Plan, McCain, Preside
October 9th, 2008 at 8:57 am
At least it seems that he has no chance at becoming the next president of the U.S.
Work from Homes last blog post..Resolution is Non-Rational
October 11th, 2008 at 8:05 am
Do you really think he has no chance? After Bush was re-elected, I think anything can happen.
October 26th, 2008 at 2:15 am
Someone misunderstood McCain, from the beginning he said he would pay the banks so that the values of the property didn’t drop, thus saving the neighbors of those that didn’t pay from the drop in property values, never did he say it the other way. This is why the Republicans are pissed at him, for bailing out the banks, again! They don’t want him to bail out anybody, nor do I! Bailing them out just prolongs the inevitable and makes it worse!
CarpetGuys last blog post..Opinionated Book Review: Ted Nugent- Ted, White, and Blue
November 29th, 2008 at 3:06 pm
I really like what you had to say here! It\’s about time! Would you mind if I placed a link back from my blog?
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March 9th, 2010 at 3:23 pm
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