McCain’s “Simple Mistake” Reverses Entire Mortgage Plan

By Justin Gardner | Related entries in 2008 Election, Economy, Housing, McCain

When you miss a detail as big as this, you have to wonder if the hand at the tiller is all that steady.

This phrase was originally in McCain’s plan: “Lenders in these cases must recognize the loss that they’ve already suffered.”

Well, that was wrong. Lenders won’t be suffering any losses at all. Instead, McCain’s plan calls for the government to buy up the mortgages at their current value and pass any losses onto the taxpayer.

A campaign official characterized the mistake as such…

“That language was mistakenly included in the initial draft and it’s been corrected. It doesn’t reflect the intentions of the initiative, which necessitated the correction and the removal of the sentence. A simple mistake.”

A simple mistake? Hardly. A simple mistake would be a few typos or the addition of the word “not” in an inappropriate place. This was an entire sentence that completely changed the intentions of the plan.

Big mistake folks, and it’s troubling to say the very least.

Moving on…

This entry was posted on Thursday, October 9th, 2008 and is filed under 2008 Election, Economy, Housing, McCain. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “McCain’s “Simple Mistake” Reverses Entire Mortgage Plan”

  1. permial Says:

    This was not a typo, it reflected the intent of the good McSame vs the bad McSame (originally known as John). there have been so many reversals, corrections, lies and outright slander during this campaign by Geezer/Beauty Queen that I’ve lost count. My link for factcheck.org has now been so exhausted that it refuses to work, says it’ll vote (on my behalf) for Nixon/Agnew during this election. I do believe that the McSheeple will prevail with a stolen election if “The Shrub” doesn’t invoke the War Powers act (which has already been put in motion by DHS by declaring a state of emergency for Anthrax warnings dated 10/01/2008. Good luck. I’m going to be a Canadian by this time next year.

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