I could hardly believe my ears during that debate when McCain said he wanted to prop up the real estate bubble! What effect will over-inflated real estate prices have on first time homebuyers for many years to come?

You also raise an important isssue that is often overlooked:

Why should ANYONE pay their mortgage when their neighbor across the street may get a bailout, have their interest rates reduced, and their principle lowered? Everyone will be motivated to stop paying their mortgages and join the big government bandwagon!

Article 1.10.1 (the contract clause) of the Constitution guarantees that existing contracts will be honored and supported. Why would ANYONE consider putting up money for an investment in a mortgage when they know the government may take over and change the terms of that agreement at any time? Many investors, including myself, have exited the markets because constant, daily government meddling has made the financial markets so chaotifc that we don't dare invest.

By abandoning this principle (the contract clause of the Constitution), we once again drive a nail in the coffin of time-honored correct principles, and instead, lead ourselves foolishly down a rat (rabbit) hole of uncharted territory. We think we have greater wisdom than the time-proven principles that made this the most prosperous nation in world history.

I hope that generations from now, our descendants won't look back at us as the generation that destroyed our civilization thinking that we knew better, but didn't! But that appears to be the direction we're headed!