The BASE in his FACE: "McCain faces conservative backlash over mortgage plan"

[Amerigo Vespucci]

McCain faces conservative backlash over mortgage plan

http://www.cnn.com/2008/POLITICS/10/10/mccain.mortgages/index.html?iref=topnews



(CNN) -- John McCain is facing a fresh round of anger from members of his own party deeply opposed to the Arizona senator's proposal for the federal government to purchase troubled mortgage loans.

The pointed backlash from several economic conservatives -- many of whom already distrust McCain's commitment to free-market principles -- couldn't come at a worse time for the Republican presidential nominee less than four weeks before Election Day as he stares at a significant deficit in national and state polls.

But at a time when McCain can't afford to worry about a lack of support from his party's base, several conservatives are openly criticizing the plan as a flagrant reward for reckless behavior among lenders.

In a sharply worded editorial on its Web site Thursday, the editors of The National Review -- an influential bastion of conservative thought -- derided the plan as "creating a level of moral hazard that is unacceptable" and called it a "gift to lenders who abandoned any sense of prudence during the boom years."

Prominent conservative blogger Michelle Malkin went one step further, calling the plan "rotten" and declaring on her blog, "We're Screwed '08."

[TwilightGardener]

1. Obama has a really powerful ad opportunity here--this would be the nail

in McStupid's coffin, if Obama made an ad calling McCain's mortgage plan a reckless waste of taxpayer money--make MCCAIN the socialist big spender.

[LibraLiz1973]

2. So many nails so little time

[Juche]

4. He did

I can't find the ad on youtube, but he made one within a day or so, it talks about how McCain's plan would overcharge taxpayers. So done and done.

[TwilightGardener]

5. Good! I haven't heard of it, but he should have it rotated heavily.

[The Velveteen Ocelot]

3. His lame attempt to pander

to worried voters just blew up in his face like an exploding cigar.

Good.

[demokatgurrl]

6. Has anyone heard Obama's response to this?

I'm pleasantly surprised to see it backfiring, I was honestly a bit nervous that it might help him with the "low information voter" and Obama would be called out on the issue.

And I just have to gratuitously point out that Malkin is a self-absorbed bitch.