Upside Down

Isn't this the kind of thing that Republicans typically accuse Democrats of doing?

Today's Housing Bubble Post - Bailout With Taxpayer Dollars

Have you been responsibly managing your debt? Have you been sacrificing so you don't get in over your head? Saving instead of borrowing? Accepting lower returns on your money rather than getting greedy and taking on high risk for higher yields? Sucker. Bush announced "home loan relief" today. What does this mean? In short, a huge taxpayer transfer to the rich. Partly by moving [...]

Steve Soto writes that, yes, it is a Democratic-style idea, but he likes it --

For Once, Doing The Right Thing

Sure, he's stealing Democratic proposals and packaging them as an administration initiative, but I applaud Bush for getting involved in the mortage meltdown and putting forward an agenda to help homeowners keep their homes. When you are president, you have the luxury of [...]

Tags: Mortgage Bailout, Housing Bubble

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