Yeah yeah, I know "Obama is the devil" is the only type of rhetoric that gets your stamp of approval and anything else is "drinking the kool aid". The only thing is I can back up what I said...
The Obama campaign's initial reaction was a version of "me, too," and his press aides circulated a quote from last month when Obama had floated a similar idea while stopping short of formally proposing it.
"We could consider giving the government the authority to purchase mortgages directly instead of simply purchasing mortgage-backed securities," said Obama while campaigning in Clearwater, Fla., on Sept. 23. "In the past, such an approach has allowed taxpayers to profit as the housing market recovered. But, this is not simply a question of looking out for homeowners, it's doubtful that the economy as a whole can recover without the restoration of our housing sector, including a rebound in the home values that have suffered dramatically in recent months."
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And I don't think it's the party line to say that both were guilty of political manuevering. Neither can walk on water BSAMS.
