McCain Endorses Price Fixing - The American Spectator | USA News and Politics
McCain Endorses Price Fixing

In the same answer in which he says we need to limit spending and fight the $10 trillion debt, McCain argues that we have to do something about declining home values and proposes spending money to buy distressed mortgages and then renegotiate mortgage contracts, acknowledging that it would cost a lot of money. Does he propose this on top of the bailout or as part of the bailout? Besides, wasn’t it inflated home values that helped create this mess in the first place?

UPDATE: In his subsequent answer, McCain acknowledges that the bailout isn’t enough, and that he supports further action to stabilize home values.

Sign Up to receive Our Latest Updates! Register

Notice to Readers: The American Spectator and Spectator World are marks used by independent publishing companies that are not affiliated in any way. If you are looking for The Spectator World please click on the following link:

Be a Free Market Loving Patriot. Subscribe Today!