The World Newser
World News' Daily Blog

« Previous | Main | Next »

McCain Rebuked for Comparing Mortgage Plan to Clinton

October 09, 2008 2:15 PM

ABC News' Teddy Davis and Arnab Datta Report:  John McCain was rebuked by an aide to Hillary Clinton on Thursday for inaccurately comparing his mortgage buy-up plan to one proposed earlier this year by the former first lady.

"It's wrong to suggest the new McCain plan is what Senator Clinton proposed ," said Clinton spokesperson Kathleen Strand. "She and Senator Obama are focused on helping struggling homeowners and holding bank lenders responsible. . . Senator McCain's new plan calls for bailing out and rewarding irresponsible bank and mortgage lenders, while sticking taxpayers with the bill."

While discussing his mortgage buy-up plan in an interview with ABC News' Charlie Gibson, McCain said, "in fact, Sen. Clinton has recommended this."

While Clinton has proposed directly helping homeowners by having the government buy and resell mortgages that are in danger of foreclosure, her proposal would force financial institutions to take a loss.

The McCain proposal, by contrast, is more generous to financial institutions and more costly for taxpayers.

The Arizona senator would have the government pay face value for home mortgages, ensuring that financial institutions avoid a loss.

October 9, 2008 in Political Radar | Permalink | Share | User Comments (49)

User Comments

Feed You can follow this conversation by subscribing to the comment feed for this post.

stop lying mccain, sorry McCain your no hillary and neither are your proposals.

Posted by: rachel | Oct 9, 2008 2:23:36 PM

ARRRRRRRRRRRRRRGH!!!

Every thing I try DOESN'T WORK!!!!!

My Fellow Prisoners,

Start pouring the dirt on me. I'm a POLITICAL DEAD MAN DROOOLING!

John McChicken McCain

POTUS OBAMA - IT'S A LOCK!!

Posted by: Nat Turner | Oct 9, 2008 2:28:47 PM

No, I think McCain proposes to renegotiate the house price, which means, the institution will take some loss, and home owner will pay a lower mortgage rate, it's a pretty nice compromise.

Posted by: golfgirlusa | Oct 9, 2008 2:30:00 PM

Ahhh....Hillary...she's brialliant and she would be able to get us out of this mess. That other one, he'll give us a long and boring speech.

Posted by: Emma | Oct 9, 2008 2:32:38 PM

I too thought McCain honorable for years. But he truly seems to have sold his soul to his party's rabid, right wing and which appears Christian only in their church attendance.

In the past couple months I've watched him wither before my eyes. Now he is just an old, tottering shell of his former self, filled with small minded smears. Instead of "Love of County" he now seems driven by blind ambition (pushed by his handlers and power brokers of the West Wing who do NOT want to lose their power).

I'm 62 and a curmudgeon but that doesn't mean I want a President like me or the beer swilling hoardes.

Posted by: Bad Buoy | Oct 9, 2008 2:33:18 PM

I'm with you Nat, McCain has become "dead man politicking". Do you think the campaign has been too much for the old man or was he always this shallow? No wonder that Palin refers to the campaign as Palin/McCain, she must be wondering what she got herself into, then again, I'm assuming she can think.

Posted by: JR | Oct 9, 2008 2:34:54 PM

What a shock McShame lied!

Posted by: jim | Oct 9, 2008 2:35:59 PM

McCain is questioning other people's candor and he is a flat out lair.

What a jerk.

Hillary Clinton wouldn't come up with a half-baked idea to bail out banks.

Hillary 2012.

Never McCain-Palin!!!!!

Posted by: jerk | Oct 9, 2008 2:41:30 PM

Sen McCain just tried to tie himself to Sen. Clinton? Better not tell Sean Hannity about this.

Posted by: B. Bear | Oct 9, 2008 2:45:48 PM

The game isn't over until the forth quarter, but seriously, this has gotten rediculous.

We are now seeing the "I'll say anything, regardless of the truth, to get someone to listen to me"

I really hope McCain and Parrot keep talking about Ayres.

Obama and Biden are telling people how they will help this nation. They are presenting a plan for the future. They are leading.

McCain/Parrot are just smearing. They offer nothing. They have no plan.

Last week Obama had 36% negative ads. McCain had 100%. That says it all. They can't win on policy, they can only try to tear Obama down.

Judging by the polls, it's not working.

Americans need a leader. They need a vision. They NEED a change.

Obama/Biden are the ONLY team offering hope for Americans!

(And can someone please explain how $300 Bilion in tax dollars fits into McCain's "spending freeze"? )

Posted by: Obama/Biden - the positive choice! | Oct 9, 2008 2:48:45 PM

Hillary and Bill Clinton will be campaigning with Joe Biden in Pennsylvania on Sunday. I am absolutely sure that Hillary will BLAST McCain's HORRIBLE Mortgate bailout plan.

Posted by: Carrie | Oct 9, 2008 2:48:46 PM

It seems that no one is paying any attention at all to the overly aggressive McCain, Palin, and their surrogate hacks. The media and the voters seem tired of hearing their nonsensical negative crap. Hillary tried the kitchen-sink negative strategy against Obama and it clearly did not work. What did work well for Hillary, late in her campaign, was when she became newly likable and appealing to average people, more friendly and optimistic, some say the real Hillary. She stopped the angry and bitter attacks that no one liked to hear. McCain's stepped-up angry, snarky behavior will not win him the White House. He desperately needs to attempt to do what Hillary did toward the end of the democratic primary- morph into the most attractive and friendly candidate that one can be. If he can't make himself more appealing to voters as a person, he will lose in a major electoral landslide. McCain's using loser's tactics right now, and will end up switching to the Hillary model, but too late to make a difference in the election outcome.

Posted by: Jennifer | Oct 9, 2008 2:51:46 PM

If Hillary were the nominee she would have taken care of this mess and especially when she became President. America will suffer without her in the White House. We need a intelligent, hard worker and tough President to get us out of this mess.

Posted by: basil | Oct 9, 2008 2:54:14 PM

McCain doesn't seem to get it. He did not learn anything from Hillary's model of positive imagery towards the end of her democratic primary, that almost turned it around for her. Angry, bitter, frustrated people don't win elections- ever!

Posted by: John | Oct 9, 2008 2:56:00 PM

golfgirlusa,

Sorry but you are incorrect.

McCain's campaign put out a set of talking points after the last debate that called for a negotiated price, but the next day (!) McCain and company REVERSED THEMSELVES on this critical point, retracting the offending sentence from their statement and confirming in person that McCain's plan now calls for buying mortgages at FACE VALUE, even if the market value of the property is much less.

Let's put it this way. John McCain needs ANOTHER Hail-Mary pass (Palin is now a negative for McCain) so he has volunteered to BUY YOU A HOUSE or at least pay off perhaps half your mortgage in exchange for your vote.

With tax payer's money.

Are you for sale?

Posted by: John McCain's conscience | Oct 9, 2008 3:02:44 PM

If John McCain isnt lying he just wanders around drooling.

At the debate he said he sang "bomb bomb Iran" in a private setting with a friend when I knew at the time that was a lie. He did it in front of a crowd.

Every word he says is a lie.

Posted by: memyself | Oct 9, 2008 3:09:02 PM

Basil

My mother was a Hillary state delegate in Spokane, WA. My dad was an Obama state delegate there. Phone calls in the primary were always fun.

Both are Reagan Republicans that are completely disgusted with what has happened to their former party.

I know mom will be furious when she hears that McCain compared himself to Hillary!

Unfortunately, VP has to play "yes man/woman" most of the time. That never seemed like Hillary Clinton to me.

But you know Hillary made Obama offer her a position in gov't that is more influential than VP. I have no proof of that, but just wait and see.

Hillary is too shrewd and intellegent not to move up. She probably enjoyed making Obama squirm a little to get her support.

Posted by: Just a thought? | Oct 9, 2008 3:10:20 PM

I will cook you breakfast for a week, I will wash your cars. Just vote for me damn it!

I'm a POW for Christ's sake!

I know how to fix the economy.
I know how to fix health care
I know how to reach across the table
I know how to win the wars
I know how to solve every problem

I'm just not telling you how. Because that's just what THEY'RE expecting me to do. And I'm a Maverick.

What if I give you a back rub?

Posted by: Last Gasps | Oct 9, 2008 3:15:56 PM

McCain = DISHONORABLE; Palin = SCARY!!!

Posted by: Howard Gallas | Oct 9, 2008 3:23:59 PM

You jokers over at ABCnews are so pathetically obvious in your attempts to slant this issue toward Obama. And you are bungling those attempts so badly.

When McCain first made the proposal at the debate, in yout spin coverage right afterwards, you and Donna Brazil said there was nothing even new about the proposal because it was already in the bail out package.

Obviously, you and Brazil were foolishly wrong on that assertion. You were so foolishly wrong on it that you never mentioned that criticism of it again. Of course, neither did you ever point out that your criticism of it was wrong and thast it wasn't already in the bailout bill as you and Brazil so proudly proclaimed.

And now you are once again trying to throw out incorrect criticism of it. This proposal of McCain is basically what Hillary Clinton proposed. There is no getting around it that basic sameness. Of course, as with any complex policy there are some minor differences in the details of the plans proposed by the two senators. But the essence of what Clinton proposed is the same as what McCain has proposed.

No amount of silly spinning by you and Donna Brazil will change the truth of that.

Posted by: Jake Long | Oct 9, 2008 3:32:33 PM

Post a comment