Tuesday, February 19, 2008

Sen. Obama floored me on the way home tonight...

in a good way. I just heard a blip during a top of the hour radio news broadcast so there might be more but I suspect it came from this:

...Obama called Clinton’s proposal to freeze mortgage rates “disastrous”.

“She says we need to freeze the monthly rate on existing adjustable rate mortgages for at least five years,” Obama said.

That will reward folks who made this problem worse [emph. mine] and it will also reward folks who are wealthy and don’t need it - but it won’t target the struggling homeowners who need help most.”

Ok, kudos for the first part but reward the "wealthy?" What wealthy "folks" are opting for these silly adjustable rates? At least arguably, those who need help most are those that made the problem worse but still, I want to give credit where it's due.

The radio blip only covered the the "disastrous" and "made this problem worse" comments. I actually exclaimed aloud (again, in a good way) on the way home.

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