There is no constitutional right to homeownership! If you borrowed above your means, you've got no right to stability of ownership! The fact that the value of a house dropped below your purchase price is not relevant unless you want to sell - and if you can't afford to sell, then stay put - that is stability!
If you want rules for dealing with this mess, and keep 4 million families from being thrown out on the street (who, by the way, are not all hopelessly helpless to start with), here is a suggestion to Mr. Geithner:
Make the banks take their houses back (let them foreclose) and make them rent to the occupants (for minimum of 1 year, or pick your time frame)!
Then the dumb bankers will have their "fair market equity" and the dumb buyers will have a roof over their heads at "fair market rates"
I do not want my children to pay for all these gifts!
John McCain will do anything to be President. He has traded the Straight Talk Express for the BS Express.
His campaign is run by lobbyists who have worked against the interests of average Americans. His views on what constitutes an appropriate candidate for the Supreme Court mean that he will appoint another Thomas, Scalia, or Alito if given the opportunity. He is a hothead who does not possess the temperament to engage productively with leaders in the world, just at the moment when American unilateralism must give way to cooperation and positive engagement with allies and adversaries. He doesn’t understand why American’s are suffering in this economy and thinks that the solution to our problems are more tax cuts for businesses and individuals, which when enacted will continue to benefit the richest Americans and the largest companies even when they are shipping jobs overseas. Even Alan Greenspan thinks that extending the tax cuts in a way that just piles on more debt is a bad idea.
In every important way, John McCain is the equal to or worse than George W. Bush. Who also would do anything to gain and keep power. John McCain has traded in the Straight Talk Express for a B.S. Express, and we can’t afford 4 more years of the same when we have such tremendous challenges that need to be faced and dealt with.
That's a HUGE contrast between Obama and Palin, or Biden and Palin for that matter.
Palin attended Hawaii Pacific in Honolulu for a semester in 1982, majoring in Business Administration. She transferred in 1983 to North Idaho College. In 1987, Palin received a Bachelor of Science degree in communications-journalism from the University of Idaho, where she also minored in political science.
Obama was the first African-American elected President of the Harvard Law Review!
