McCain's Economic Adviser on McCain's Mortgage Proposal and Free Markets - The American Spectator | USA News and Politics
McCain’s Economic Adviser on McCain’s Mortgage Proposal and Free Markets

In the spin room following the debate, I caught up with Doug Holtz-Eakin, and asked him about an issue of concern for a lot of conservatives. How can he reconcile McCain’s advocacy of a free market approach to issues such as health care with his proposal to support government-engineered refinancing of mortgages to avert forclosures?

He replied:

“He’s looking for the most effective way to stabilize the housing market — this happens to be it. Letting 14 million mortgages fail is going to be disastrous for the population as a whole. So it’s borne of the circumstances. It’s not something he would have liked to have had to do. It is not something he is going to let us be put in the position of having to do again.”

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!

Stop the Inflation Grinch From Stealing Christmas!

That’s right, the Grinch (Joe Biden) is coming for your pocketbooks this Christmas season with record inflation. Just to recap, here is a list of items that have gone up during his reign. 

Gas: 40%+
Beef: 20%+
Used Cars: 20%+
Lodging: 17%
Eggs: 13%

What hasn’t increased? The cost to subscribe to The American Spectator! For a limited time, we are offering our popular yearly subscription for only $49.99. Lock in the lowest price of the year by subscribing today

The Grinch Stole Christmas Sale
Commander-in-chief of Christmas inflation