Michelle Malkin on Should the Federal Government assist mortgage defaulters?

Against Bailouts

I knew I should have withheld comment. Last month, I said something nice about John McCain’s tough-sounding stand against federal housing bailouts. Should have known better.

And later...

Bottom line cost to the taxpayers: At least $3 to $10 billion.

At least.

As for this statement– “There is nothing more important than keeping alive the American dream to own your home”–I can think of a few things more important:

Rewarding thrift. Getting government out of the business of shielding individuals and corporations from the consequences of their actions. Refraining from interventions that will only encourage mortgage defaults.

For starters.

Michelle Malkin's Blog

Posted on 4/10/2008 11:16:33 PM by PeteforAmericaApproved 4/14/2008 1:39 PM