McCain: “Homeowners in crisis need relief now”
Posted on October 8th, 2008 at 6:37 pm by PD AdministratorThe following is an email sent out by the McCain campaign. Your mission, should you choose to accept it is as follows:
1. Read the email.
2. Discuss.
This message will self destruct…
My Friends,
Millions of Americans on Main Street are feeling the effects of our current economic crisis largely brought on by corruption and greed at Fannie Mae, Freddie Mac and Wall Street. Our next president must come into office with a plan to address the very root the failing housing market.
Last night, during my debate with Senator Obama, I announced my plan to fix the root of our problem and I’d like to share a little more with you today.
If elected president, I will direct my Treasury Secretary to implement an American Homeownership Resurgence Plan to keep families in their homes, avoid foreclosures, save failing neighborhoods, stabilize the housing market and attack the roots of our financial crisis.
America’s families are bearing a heavy burden from falling housing prices, mortgage delinquencies, foreclosures, and a weak economy. It is important that those families who have worked hard enough to finance homeownership not have that dream crushed under the weight of the wrong mortgage.
For those that cannot make inflated payments or their mortgage exceeds the value of their home, mortgages must be re-structured to put losses on the books and put homeowners in manageable mortgages.
This Resurgence Plan would purchase mortgages directly from homeowners and mortgage servicers, and replace them with manageable, fixed-rate mortgages that will keep families in their homes.
By purchasing the existing, failing mortgages the resurgence plan will eliminate uncertainty over defaults, support the value of mortgage-backed derivatives and alleviate risks that are freezing financial markets.
I am ready to lead our country out of this financial crisis and I am ready to work with anyone and everyone who will help. Together, I know we can work together to find solutions for these challenging times. Please do your part today and spread the word about my new plan by forwarding this email on to your neighbors, friends, family and coworkers. Thank you for your time and support.
Sincerely,
John McCain
P.S. Homeownership represents the very core of our American economic system. This is not the time for politics. We must move aggressively to provide relief and stability for all Americans.
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Wow.
He comes pretty darn close to calling home ownership a “right”.
And of course there’s the whole flipping off every fiscal conservative.
Ladies and gentlemen, we have achieved full-blown Bob Dole status.
“It is important that those families who have worked hard enough to finance homeownership not have that dream crushed under the weight of the wrong mortgage.”
Man they had to work SO HARD to finance their homes. They had to go online to lendingtree.com and put in their information and stuff and then click the submit button to get a new mortgage and then they had to wait for their cash-out check from their refi to come in the mail so they could buy a boat, car, take a vacation, etc.
Yup, they had to work REAL HARD to get that giant mortgage on their house and now I have to work REAL HARD to pay my taxes to bail these idiots out.
The lesson I’ve learned? Always get into as much mortgage debt as possible in an election year by taking out as much home equity (up to 110% in some programs) in a refi deal, then buy myself some toys and pray the taxpayers will be stupid enough to elect John McCain so I don’t have to pay back the money - yet still get to keep my house.
P.S.S. I am really not pan handling for votes - honest. I just know that “That One” is tossing promises like, well like a politician on election day, so I figured 2 can play that game. Does mean, Virginia and N Carolina, you’ll come back to me…please?
OK, all the diehards…can you really support this guy? I’m pretty much locked into 3rd party since i cannot defend mccain against most obama supporters so it is, ‘oh yeah, well your candidate is worse’. Tired of it. (Plus i have the added benefit of living in illinois so my vote for pres really does not matter since we will overwhelming go for obama) Not sure which 3rd party. Any of you want to be a write in?
ME! ME! ME!
Funny, because my state will no doubt be McCain. We’ve been red for over 50 years. Too bad we don’t have many electoral votes.
How about you write me in, I’ll write you in…. In fact, we should pick one person from PD and all vote for him/her.
Bob Barr
And there goes free market capitalism as we know it…
However, I’m still voting for him because he is the lesser of 2 evils. I’d be all about the vote in, but it’d never work.
I think it should read: “This country will self destruct.”
I’m glad I’m not the only one who gasped at McCain’s statements about mortgages at the so-called debate.
Will someone tell me when McCain stopped being a fiscal conservative?
Can we hold another convention and nominate Huckabee instead?
So we need to decide whether to write-in RedStateEddio or Jason Wright…would either of you keep Palin as VP?
We could settle it the most scientific way I can think of:
paper, rock, scissors - best of 99!
Jason Wright has presidential hair. His hair looks even better in real life. My wife met him the other day and on the way home she said, “If you had hair as nice as Jason’s, you could be somebody.” I’m still not sure what she meant by that, but I picked up a bottle of Rogaine the next day.
Yes, hair does matter in the race for President. That’s why I was surprised that Mitt Romney didn’t get the nomination. I always vote based on hair.
Shawn - Now, I’m no George Clooney, but I think I have a pretty nice rug upstairs also. I think I can give our Beloved Editor (may he live forever!) a run for his money on that one.
I worked radio for a couple of years, but that’s not due to the hair!
This new policy has sealed an Obama victory. The only chance McCain had was to remain fiscally conservative. He’s toast. Barr will get a lot of the former Red votes and Obama will begin introducing socialism to the USSA.
I’m going to have to side with the Wall Street Journal Editorial Board on this particular issue. Empahsis is mine:
Sorry, Gabriel. Huck is the reason we’re in this mess.
I’d be curious as to why you say that. The only reason I can think is that if Huckabee had not been in the race, Romney might be the nominee?
But I know for sure that Huckabee is strongly opposed to the bailout mentality into which both parties have been snookered.
That’s precisely what I think. Let’s get one thing clear - Huck was in the race for Huck and nobody else. His self centered sorry excuse for an identity-based campaign drove a wedge right through the republican base and created just enough of an opening for JMac to back into the nomination.
What did Huck’s presence in the race get us? Not a [expletive deleted] thing. But it did get Huck his own show on Fox. America will pay a very high price for that show.
C - Now don’t hold back; tell us how you really feel…
I’m not sure Huck was as big a factor as perceived. Yeah, he siphoned votes away from Mittens, but that’s cause Mittens had Q’s to begin with before Huck got the mo going. I’m not convinced that with Huck out of it, Mittens would have garnered those votes. He stuggled in some key areas that people weren’t settled on, and Mac moved on ahead because of it.
He also should not have thrown in the towel as quickly as he did. He could have pulled a Hillary and made a better case for being an economic alternative to Mac, or even the top VP choice.
The only reason I can think that he caved that quickly was because he saw the Ob-wan ground campaign, read some tea leaves, and decided to wait till 2012 and try again. He’d be on the short list by then, and he’d have a chance to set the record straight and clear up the Q’s.
I don’t know what they’ve been smoking over at McCain HQ the past few weeks, but this took what little cake I had left.
Even hardworking Americnans get the fuzzy end of the lolly pop sometimes, and that’s just part of life. I just don’t understand why the government has this “no one is allowed to fail” mentality right now?? Seriously, if John McCain woud have stuck to any idea remotely conservative he’s be doing better…..like I said, I don’t know what they’re smoking down there at McCain HQ, but I’m sure the surgeon general would put a warning lable on it.
I think they’re just playing politics. If this weren’t an election year, I don’t think they would care one bit about the people with their bad mortgages. It’s just a way to get votes. And McCain camp is trying to play catch up it seems- grasping at straws. Doing the one thing that Palin claims they don’t do- play politics.
I don’t have any issues. My ARM was renewed at the original interest rate by Countrywide. That is all that needed to be done. I’m in the process of selling the house anyway.
I would be in radio right now if the pay was good. I’d much perfer it over what I do now.