I have to admit when I heard McCain spout his line of political pandering during Tuesday night’s debate, I did a double take. And, apparently, so did many in his own party.
Editors of the conservative National Review – an influential bastion of conservative thought – trashed the plan as “creating a level of moral hazard that is unacceptable” and called it a “gift to lenders who abandoned any sense of prudence during the boom years.”
Michelle Malkin, the shrieking conservative blog mistress, went one step further, calling the plan “rotten” and declaring on her blog, “We’re Screwed ’08.”
But Conservatives are upset about more than just the “plan.” It was the way in which McCain opened his mouth and inserted his foot. As McCain wandered around the stage trying to think of something in response to a question, he threw out the idea that the government should step in and buy back bad mortgages in order to restructure them and institute lower interest rates.
Photo credit: CNN Politics
I guess it isn’t enough that the government just voted to bail out a bunch of mismanaged corporate hotshots, now McCain wants to use more taxpayer funds to bail out homeowners who got in over their heads. He has become one loose cannon, and I bet those in his party are wondering just what he will say or do next to try to buy off the American voting public.