Debate Fall Out: Lots of ideological Conservatives screaming their asses off over McCain's intention to support housing prices. As usual they are full of shit. His proposal is to support mortgage payments or prices. Again, home prices MUST be stabilized, they represent 75% of the net worth of the USA. What Malkin and the rest would do is wipe out the entire home ownership class of the USA. And then???? This is the most serious financial situation in my lifetime, and most likely yours as well. Difference between now and 1932? We know what can happen and we have tools and experience to deal with this.....maybe. Remember this is NOT like 1929, this is a different country. However Chris Cox is still at SEC and that asshole will NOT repeal the shorting rule because he hasn't a clue and Cox is the worst possible person for the job right now. And Bush? This from his Wonderfulness back in '04

"One other thing I've done, is I've called on private sector mortgage banks and banks to be more aggressive about lending money to first-time home buyers. And the response has been really good. There's a lot of people in this -- our communities around the country that deeply care about the issue of homeownership, and they've been responsive."

This was a cheap shot; taking a speech out of context before reading it. An emailer directed me to my own link and I read the speech and the occasion. It was a part of a tribute to home builders, carpenters, and some business owners in AZ and was a blow for decency. A salute to some volunteers who help people who cannot read well to understand contracts and so on. Beat me, hurt me, make me write bad checks.