Wednesday, October 08, 2008

A Couple Of Questions Mr. Senator

Sen. McCain, a couple of things you mentioned during last night's debate got me wondering:

1) You plan to buy up mortgages that are in default & refinance them at fixed rates based on the actual value of the home at this time? Doesn't that reward the property owners who bought way more than they could afford (once values go up again they can profit handily from their foibles) and penalize those who acted responsibly with loans within their means? And what is to stop a homeowner declaring themselves unable to pay their loan merely to take advantage of your amazing offer? How do you plan to vet every applicant for this program without it taking longer than some of the loans issued?

2) Drill Baby Drill! Your battle cry for domestic production with which you plan to give American's "relief at the pump." This all sounds well and good but wouldn't oil sourced in ANWAR, the continental shelf or anywhere else in the US still be subject to world oil prices? Or are you suggesting that say, oil on the spot is selling for $110 a barrel but US domestic oil would be held artificially low at $75 a barrel (or some other pre-determined amount)?

And I thought you were for less government? You sly old maverick you, getting harder to pin down every minute aren't you?

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