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McCain Did NOT Really Say That, Did He?

BY CHIP HANLON | OCTOBER 09, 2008 | 9:32 AM | 10 COMMENTS

Nearly 3 weeks ago I predicted John McCain's lack of anything resembling an economic philosophy--let alone one related to small government-- would lead to his undoing in the polls.

Ok, that has happened and this election looks to be all but over. In Tuesday's debate, however, McCain took his fiscal silliness to a new level: suggesting that if he were elected, the federal government would buy back any mortgage worth more than its home.

WHAT?!

Why on earth would any current homeowner continue paying his mortgage if he knows taxpayers will take on some of his debt it he stops?

McCain's economic ideas are getting more and more ridiculous. They're no worse than Obama's but they'e no better, either, and he needs to be better-- a defender of free markets and individual liberties, not a statist with a competing set of big government "solutions." Otherwise, he tacitly endorses the New Deal-like legislative agenda we're likely to see next year.

After watching his perfomance in that debate, I've decided there's no way I can vote for John McCain, sad as that is to say. This will mark the second straight Presidential election in which I will not have voted for the Republican candidate, as the GOP continues to betray its own small government principles.



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