So Barack Obama has decided that he does not like John McCain’s plan to buy mortgages and help homeowners stay in their homes. Guess what? Americans like it. According to Rasmussen Reports:
52% Favor McCain’s Mortgage Bailout Plan
A majority of voters (52%) favor John McCain’s plan for the federal government to buy up distressed mortgages and refinance them so homeowners can stay in their homes, according to a new Rasmussen Reports national telephone survey. Thirty-five percent (35%) oppose the plan.
Democrats like McCain’s plan more than Republicans, even though Barack Obama opposes it. Fifty-nine percent (59%) of Democratic voters think it’s a good idea, compared to 47% of Republicans – and 49% of unaffiliated voters.
Seventy percent (70%) of African-American voters favor McCain’s plan, as do 50% of white voters.
McCain says his plan, first proposed at Tuesday night’s presidential debate, will cost up to $300 billion, with the money coming out of the recently adopted $700-billion economic rescue plan. Obama says McCain’s plan is bad for taxpayers and benefits irresponsible financial institutions.
On one hand we have Obama’s rhetoric of change with no nuts and bolts plan elements and then we have the McCain/Palin ticket talking about a plan that was first put forward by Hillary Clinton. We also have John McCain talking about changing the 401k rules so that seniors do not get hammered by this market loss. (Look for an upcoming post on that).
Who are you going to vote for?
Why are we still having this conversation?