White House to bailout underwater mortgages?

    Today’s hot rumor comes from James Pethokoukis: essentially, the White House (which is becoming increasingly frantic about the way that their Super Magical Unicorn Genius economic plans  aren’t working) is scheming to partially bail out people with underwater mortgages.  I know, I know: the government was not supposed to acquire Fannie/Freddie just to completely rewrite their balance sheets, but the existing scheme to let the | Read More »

    White House to bailout underwater mortgages?

    Today’s hot rumor comes from James Pethokoukis: essentially, the White House (which is becoming increasingly frantic about the way that their Super Magical Unicorn Genius economic plans  aren’t working) is scheming to partially bail out people with underwater mortgages.  I know, I know: the government was not supposed to acquire Fannie/Freddie just to completely rewrite their balance sheets, but the existing scheme to let the | Read More »

    No Palin, No base!

    I was aghast last night, listening to Carl Cameron’s report about McCain’s aides bashing of Palin on The O’Reilly Factor. I was seething when more alleged details were leaked anonymously on Thursday. Two points. During his stump speeched, Senator John McCain spoke of his distaste for pork and in particular those who hid behind their earmarks. He said, “I will name names and make them | Read More »