John McCain’s laissez-faire tendencies
Wednesday, March 26th, 2008
In “McCain Warns Against Hasty Mortgage Bailout ” the heir apparent to the Republican Presidency said:
“It is not the duty of government to bail out and reward those who act irresponsibly, whether they are big banks or small borrowers.” … “Government assistance to the banking system should be based solely on preventing systemic risk that would endanger the entire financial system and the economy,” … “Some Americans bought homes they couldn’t afford, betting that rising prices would make it easier to refinance later at more affordable rates.”
Mr. McCain argued that even during the ongoing crisis, the vast majority of mortgage holders continued to make their payments.
(more…)
In her column in today’s New York Times, 2/23/08, “A Bad Year to be a Mallard,” Gail Collins quotes several of the current and former candidates regarding their liking for hunting: