Home

Google

Web Capitol Hill Blue

 
October 11, 2008 - 9:18am.

It's pretty bad when the people who originally backed you are now trashing your best laid plans that is suppose to convince the general public you know what you are talking about. Apparently McCain was correct when he said "Economics is just not my thing."

'Economists For McCain' Trash McCain's New Mortgage Plan

Many of the professional economists who formally endorsed John McCain's economic plan are expressing bewilderment with his most recent proposal to rectify the home mortgage crisis.

...roughly a dozen of McCain's economist supporters said they disagreed with the Senator's recent proposal -- for the government to buy distressed mortgages at face value from banks and renegotiate them with homeowners. Several viewed it as a gimmick, driven mostly by political circumstance. Only one pro-McCain economist spoke up in favor of the plan.

"This is just political gamesmanship," said Robert H. Heidt, a professor at the Indiana University School of Law. "The bill is wildly over-ambitious in trying to rescue home buyers from the downturn in real estate appreciation. It's costs would never end."

IT'S COSTS WOULD NEVER END!

Isn't this the same guy who just said a couple of weeks ago, that government should get out of BIG business because the economy was fundamentally sound?

Now he is politicizing another issue just like he did with his VP pick and look where that got him. It got him off message with a VP who broke the law. Finally, we found something that makes Palin qualified to be POTUS...she knows how to abuse power.

Technorati Tags:
»

Capitol Hill Blue's columnists, blogs and reader comments

Capitol Hill Blue is an independent, non-partisan news site that belongs to no political party and subscribes to no political or philosophical point-of-view. Our columnists are welcome to their opinions but readers should understand that their views do not necessarily reflect the editorial policies of this web site. We also welcome comments to selected opinion columns and in our popular ReaderRant discussion forum. Please remember, however, that we believe in civility on this web site and comments may be reviewed, moderated or removed if we feel they contain obscenities, racism, bigotry, anti-Semitic remarks or attack other posters. Our goal is reasoned discussion on issues facing this nation and we do not feel that goal is served by personal attacks and by seeing how many cute adjectives you can attach to an elected official or politician's name.

Copyright © 2008 Capitol Hill Blue

Sign up for Capitol Hill Blue's email newsletter
Get our headlines each morning.

Email:

Syndicate

Syndicate content

User login