Quote:
Originally Posted by JonoBN41
From the transcript...
KING: The Federal Reserve just announced today, they're cutting Federal fund rate by a half a point, lowering it to one point. Any comment?
MCCAIN: Yes. I think it's probably necessary. I think it's necessary, and we need -- but could I finally say -- the most important thing is to get a floor on these housing -- on housing.
It was the housing crisis that got us into it. Go out, but these mortgages, give people a new mortgage at a payment level they can afford and reverse this alarming trend in decreasing value of homes. Let people realize the American Dream and stay in their homes. That's what we've got to do. And I'm very disappointed in the administration for not doing it. They had the FDIC recently was critical of the administration. Get those mortgages bought up, keep people in their homes.
McCain thinks the American Dream means buying a house? I was under the impression it's much more than just buying a house. No? Maybe I should Google it again.
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I think owning your own home is considered by many a component of the American Dream.
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