The Obama campaign is coming out against McCain’s new plan to buy up Americans’ mortgages, my colleague Carrie Budoff Brown reports.
The campaign is citing the burden it would place on taxpayers — the issue that has made the overall bailout unpopular in the polls.
Suddenly, Mr Rescue cares about taxpayers!
We PUMAs were rejoicing and appreciating McCain’s nod to us,
Ahem. Anyway — I think McCain is risking the Choir by preaching to the Heathens (that’s us, Folks. Us Heathen Racist Pumas!). He’s taking his base for granted and conceding the voters of Obama Nation.
McCain even credited Hillary with the idea
The mortgage renewal idea actually originated with Senator Hillary Rodham Clinton, said Charlie Black, a senior adviser to Mr. McCain.
and Obama didn’t disappoint…
Voting for McCain becames an easier choice every day!
Update
As madamab at the Confluence noted
Seems that Obama was for it before he was against it only hours earlier:
The campaign of Senator Barack Obama quickly countered by saying that the financial rescue plan that President Bush signed into law last week already gave the treasury secretary such power. And, his advisers noted, Mr. Obama recommended such a step in a news conference nearly two weeks ago.
That’s one fast flip-flop!
It’s obvious that his first reaction was to take credit for it. Then his Wall street owners weighted in and he reversed himself. A sample of Obama’s “presidenting” if I ever saw one!
Update
More on it here
Helping strapped homeowners get back on track to pay their mortgages is in everyone’s best interest. It’s not a Republican or Democrat thing. It’s the *right* thing.
So, it seems like renegotiating the terms of these loans would be a very good idea for taxpayers who now have a stake in the banks who have been subsumed.
Not Your Sweetie 
19 comments
October 8, 2008 at 4:50 pm
NewOrleansPuma
And Hillary will still support this fraud. Obimbo wants foreclosures and those on verge to be bundled and dumped into the pot for the higher up security fraud mongers. He is an absolute puppet for the very financiers who are responsible for this problem, as well as the Dems in Congress who for 12 years did nothing to avert this from happening.
October 8, 2008 at 4:53 pm
Woman Voter
McCain is looking like Hillary and Obama is the NEW BUSH?!? I am getting confused about this NEW DEMOCRATIC PARTY under the leadership of Pelosi, DEAN and Donna Brazile (Floridians equal 1/2 a vote) and Axelrod (we aren’t certain Obama knew Ayers or when he knew about Ayers, but knew Ayers, back when they knew each other, but not really).
October 8, 2008 at 5:30 pm
BA
Good. You caught it. I think McCain is right on this one too. The money would be available to people without falsifications and with a downpaynent and only for their principal residence.
October 8, 2008 at 5:30 pm
The flip flop list - Going further right « Not Your Sweetie
[…] HILLARY’S HOLC PROGRAM In a matter of hours Obama went from taking credit for it to opposing it (a proposition of keeping the people threatened with evictions in their homes) […]
October 8, 2008 at 6:36 pm
Grail Guardian
The Idiot’s Guide to Barack Obama states in Chapter 4: Understanding teh Precious’ Stance on Issues
“If it benefits typical Americans in any way whatsoever, Obama will oppose it (but only after he supports it once in order to win votes, then he’ll abandon it and hope no one notices). If it benefits Corporate America in any way, Obama will trip over Chris Dodd on the way to the trough.”
copyright 2008 Fourth Reich Press
October 8, 2008 at 6:38 pm
edgeoforever
Grail
You nailed it!
October 8, 2008 at 6:42 pm
insightanalytical
When does McCain go after this????
PLEAASEEEE…hammer Obama…!!!
October 8, 2008 at 7:40 pm
Oregon4Obama
Im for Obama but I think HIllary, Bill, McCain and Obama have supported the same idea…..
Plus, this idea is not new….we did it in the depression……this is not a finger pointing issue….
I support Obama and even I know that, Bill Burton, Obamas spokesperson ragged on McCain for no reason…….but there has been so much mud slinging that they dont even know they support or have supported the issues they attack on……
Stick to the Basics, both of you….stick to the issues……its my plan vs your plan…..
October 8, 2008 at 7:55 pm
Scott Ferrarello
Even Cindy McCain trashed the card board Dictator today.
It’s on now.
October 8, 2008 at 8:06 pm
edgeoforever
Oregon4 Obama
Your candidate did support it in the morning – and took credit for it. By afternoon he was opposing it.
McCain actually credited Hillary with it. And yes, it has been used during the depression as Hillary herself had said – she thought of adapting it to today’s needs. For that, she should be credited. Obama never does this.
October 8, 2008 at 8:18 pm
RIChris
Oregon4Obama;
This is more than plan vs. plan or policy vs. policy. This is Obama vs. America.
October 8, 2008 at 9:20 pm
Janet
Hillary had asked for a freeze on home mortgages that were in jeopardy and to re-negotiate them, last spring. She even warned about a mortgage debacle in March 07. And the DNC “annoints” Obama the nomination. Is she still on the stump campaigning for Obama? Or is she done with her penance for having the “audacity” to round up 18 million votes during the primaries.
Actually, McCain and Hillary are close friends, that’s why they have never trashed each other.
In response to Woman Voter, questioning when Obama knew Ayres was a terrrorist; Robert Gibbs acknowledged this week, in an interview with Mark Halperin, that Obama knew Ayres was a terrorist when he sat on the Board with him. I’m assuming Gibbs is referring to the Woods Fund, 1993 – 2002. However, Gibbs gave the impression it was only a short period of time (yeah, right). Or maybe it was during the Annenberg Challenge. Who knows?
It’s hard for me to believe an egomaniac such as Ayers wasn’t boasting to Obama about his terrorist escapades probably early on in their relationship. Which may actually go back to Occidental College, since Obama was a member of the SDS (Tom Hayden) which had connections to the Weather Underground.
Also, I heard Jerome Corsi today, shortly after he arrived in London from Kenya. He said he has proof that Obama was in constant contact with Raihl Odinga during Odinga’s run for the Presidency of Kenya. Corsi has Obama’s emails from his US Senate office computer, giving Odinga instructions on how to run his election. Corsi was given these emails from members of Odinga’s former campaign. He’ll be back in the US on Saturday and be on the Hannity & Coombs Show Monday night.
October 8, 2008 at 11:30 pm
edgeoforever
Janet
I remember during the debates that Hillary wanted the rates on mortgages capped and Obama opposed it. It’s obviously his owners don’t have the homeowners interests at heart.
October 9, 2008 at 2:08 am
iusbvision
Hillary is a mixed bag on this. Hillary should have supported S.190 and the other attempts to fix the mortgage industry. So she dropped the ball there.
On the other hand, since the government strong armed the banks into making so many high risk loans, the government, as much as it stinks, has to step up and buy up these high risk mortgages.
I just wish we could do it in a way that didnt enrich these Wall Street people who knew what was going on and piled it on willingly.
At least McCain was right on this issue early, but the obamamessiah press isnt fact checking anything. I mean even the Bush Administration warned Congress ovber 20 times to fix this.
I hope the PUMA’s and other traditional Democrats are serious about taking the party back from the far left and the corruption that has been going on. It will take more than defeating Obama, but also Barney Frank and Chris Dodd; wow did they make a mess of things.
I would also look to see what Republicans in the House voted no on mortgage reform and if they took money from these people, they should be booted too.
Either way we need a total ethics and procedural overhaul in Congress. Starting with a rule that you cannot take donations from anyone you oversee on a committee you serve on as long as you are in office.
Chuck
October 9, 2008 at 2:10 am
iusbvision
Edgeofforever – good point on capping the rates, because many of these bad mortgages had a “teaser rate” for a few years and than a big balloon increase that sent your payment way high.
All the best,
Chuck
October 9, 2008 at 7:22 am
Stray Yellar Dawg
This PUMA is serious! About taking back her party.
And, as for the HOLC… I see a difference between buying up bad mortgages, to keep people in their homes…. and giving the banks a bailout so they can do who knows what with it.
On the surface, these programs may appear similar. But they are not. McCain is taking the more Clintonian approach, IMO.
October 9, 2008 at 7:27 am
Grail Guardian
iusbvision,
The point is that Hillary and McCain have been consistently telling America that there was going to be a crisis, while the rest of Congress and the media adamantly denied it and went on with the party.
No, Hillary’s not perfect. No one is, especially no politician. But she has consistently paid attention to and at least attempted to solve the issues that affect most Americans at the gut level. That is why she had such widespread support, despite the rapid CDS running through the media and both major political parties.
The point is, Obama is out to screw us for every dime he can squeeze out, then he’ll socialize us and the entire country will be one big concentration/re-education camp. Zeig Heil, comrades!
October 9, 2008 at 8:01 am
Hiding Obama’s mortgage flip-flop, media invents McCain’s « Not Your Sweetie
[…] Not Your Sweeties speech – Amy Siskind – May 31 ← Obama opposes Hillary’s HOLC that McCain adopted – fast flip-flop […]
October 9, 2008 at 10:33 am
tony smith
Here’s an essay on it: http://dissentingjustice.blogspot.com/2008/10/obama-housing-flip-flop-rejects-mccains.html