Hypocrisy Alert! Remember How Republicans Supported John McCain's Foreclosure Plan?

[Median Democrat]

These same Republicans are now attacking Obama's plan even though it is much more stringent, and requires less taxpayer dollars, than McCain's plan which required the government to eat the full costs of the decline in home values. Yet, even Fox News sees the similarities between the Obama mortgage plan and the McCain mortgage plan, except that Obama's plan is tougher on lenders. Ironically, the same Republicans who supported McCain's plan are criticizing Obama's plan.

Also, notice how McCain's former economic advisor can't help but try to take some credit for Obama's mortgage plan notwithstanding the modifications?

http://www.foxnews.com/politics/first100days/2009/02/19/obamas-housing-bailout-draws-comparisons-mccains-plan/

/snip

President Obama, in rejecting GOP alternatives to his massive economic stimulus plan, cited his electoral victory over John McCain in November as proof that Americans wanted change.

But Obama's $275 billion housing bailout plan, aimed at halting mortgage foreclosures, is drawing comparisons to a proposal championed last year by John McCain.

"I hope they took the best ideas wherever they found them. And, certainly, Senator McCain campaigned for a long time on this proposal," said Douglas Holtz Eakin, former economic adviser to McCain and author of McCain's plan.

/snip

[northernlights]

1. you don't get it...

"except that Obama's plan is tougher on lenders."

But bankruptcies aren't the poor widdle lenders' faults, so why should they be punished. It's those stupid, lazy, irresponsible poor people who didn't understand the fraud written into their contracts and bought houses with no money down that they should have known they couldn't afford. :sarcasm:

[Median Democrat]

2. The Bankruptcy Modification Makes The Most Sense, But Is Most Controversial

I can see the Republicans filibustering this with some support from the Dinos.