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I just popped down to the convenience store for a mid-afternoon snack, and this headline, from today's Washington Times jumped off the newsstand and beat me over the head:
GOP wary of Bush's rate freeze: Foes see 'bailout' for unworthy borrowers.
!!
Now I haven't read the corresponding article, but if I understand the rate freeze proposal correctly (from what I've read in other sources), the rate freeze would only apply to mortgages for people who actually live in the homes covered by the mortgage, and who don't have sufficient income to be able to afford a rate increase. How the heck are these people "unworthy borrowers"? We're talking about middle-class homeowners, trying to pursue the American dream. Talk about kicking people when they're down! How stupid are these politicians? Or, how stupid do they think the voters are?
GOP wary of Bush's rate freeze: Foes see 'bailout' for unworthy borrowers.
!!
Now I haven't read the corresponding article, but if I understand the rate freeze proposal correctly (from what I've read in other sources), the rate freeze would only apply to mortgages for people who actually live in the homes covered by the mortgage, and who don't have sufficient income to be able to afford a rate increase. How the heck are these people "unworthy borrowers"? We're talking about middle-class homeowners, trying to pursue the American dream. Talk about kicking people when they're down! How stupid are these politicians? Or, how stupid do they think the voters are?
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