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McCain mortgage buyout too expensive, says Obama

Posted on 09 October 2008

From Topr Realty News: Barack Obama’s campaign on Wednesday rejected John McCain’s plan to buy up 300 billion dollars of bad home loans clogging the US economy as too expensive and an example of “erratic” leadership.

The Republican nominee unveiled the idea in his presidential debate clash with Democratic rival Obama Tuesday, in an attempt to change a trajectory of a race that seems to be sliding away four weeks before the election. At the time, the Obama campaign said the plan was nothing new and argued the Democrat had already suggested something along similar lines….. Full Article: Source


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