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Thursday, April 10, 2008

McCain mortgage miasma

Here's the transcript of John McCain's mortgage speech today. I agree with those who find it lame. Straight talk would've involved saying the government shouldn't go around rewriting contracts when market conditions become unfavorable, because doing so creates new risks and costs, and if done often enough leads to stifling government domination of the economy. Disappointing. I say bring back the old John McCain of about two weeks ago.

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