October 10th, 2008
08:08 AM ET
6 years ago

McCain faces conservative backlash over mortgage plan

Sen. McCain is facing criticism over his mortgage plan.
Sen. McCain is facing criticism over his mortgage plan.

(CNN) – John McCain is facing a fresh round of anger from members of his own party deeply opposed to the Arizona senator's proposal for the federal government to purchase troubled mortgage loans.

he pointed backlash from several economic conservatives - many of whom already distrust McCain's commitment to free-market principles - couldn't come at a worse time for the Republican presidential nominee less than four weeks before Election Day as he stares at a significant deficit in national and state polls.

Watch: McCain mortgage plan has liberal roots

But at a time when McCain can't afford to worry about a lack of support from his party's base, several conservatives are openly criticizing the plan as a flagrant reward for reckless behavior among lenders.

Watch: Families react to McCain mortgage proposal

In a sharply worded editorial on its Web site Thursday, the editors of The National Review - an influential bastion of conservative thought - derided the plan as "creating a level of moral hazard that is unacceptable" and called it a "gift to lenders who abandoned any sense of prudence during the boom years."

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Filed under: John McCain
soundoff (164 Responses)
  1. tina

    Sorry if he can fix everthing then give everyone the plan. If he can catch Bin Laden then tell your loving friend Petraues how.......He is finished with a capital F.......He can't even bend his arms to put on deodorant...I hate to think what else his wife has to help him do.

    October 10, 2008 10:37 am at 10:37 am |
  2. Vinson

    McCain is receiving backlash from his own party for his socialist views regarding how to handle this mortgage crisis!!! LOL!!!

    Yeah – what a maverick -puh-leeze!!!!

    McCain/Palin – THE TICKET FOR LOSERS

    October 10, 2008 10:37 am at 10:37 am |
  3. CindyN--PA

    Hey McCain and Palin-
    Keep talking your hate filled message to your lynch mob crowds.

    Is that what you Republicans are these days?

    A crowd of Lynch Mobs? Is that what we Americans would have to look foward to, if you were to win??

    Think about that - Republican voters.

    Is this what you want leading your party??

    We have an economic crisis.

    Your Candidates offer nothing, but hate filled speeches that incite violence.

    Do you really want a country that supports Lynch Mob Crowds???

    October 10, 2008 10:37 am at 10:37 am |
  4. jfs Memhis, Tn

    He's so busy being NEGATIVE about unimportant issues....I doubt he evens realizes what his Party is trying to tell him. HE NEEDS TO ACT LIKE A PERSON WITH 26 YEARS EXPERIENCE.....AND.....MOST OF ALL A "MAVERICK".

    October 10, 2008 10:37 am at 10:37 am |
  5. Rashawn

    And they say the Democratic party wasn't unified! I love it

    October 10, 2008 10:37 am at 10:37 am |
  6. NC Mom

    Who is McCain??? Maverick ,no.....loose cannon, yes!

    He'll say anything to get elected, and who knows WHAT he'll DO if he's elected?

    October 10, 2008 10:38 am at 10:38 am |
  7. D&D

    If there are still people out there who think that McCain is the man for the Job, then America has a bigger problen than I thought!

    October 10, 2008 10:38 am at 10:38 am |
  8. Stacey M.

    Now, now everyone. We shouldn't be so negative about McCain. I think we should all encourage him. So lets all cheer when he says something unintelligent, or throws out an idea that did orginally come from a Demo. We should applaud. After all the whole he is digging is his grave, not ours.

    October 10, 2008 10:39 am at 10:39 am |
  9. Peter of Oregon

    What do you expect? McCain's a Maverick! Not only do the Democrats and Independants not like his ideas and brand of politics, but the Republicans don't care for them much either. The only people that support him are the ones that focus on his POW experience, or ignore his actual policies in support of the "McCain persona" his campaign has carefully crafted.

    October 10, 2008 10:39 am at 10:39 am |
  10. arc, Lugano CH

    John McCain and Palin are surviving because of the ignorance, isolationism, and prejudices of many within their electorate.

    His campaign events are starting to resemble more and more the KKK rallies of the 1940-50s.

    John McCain and Sarah Palin are going to get someone killed.

    October 10, 2008 10:40 am at 10:40 am |
  11. Lily

    FLUSH THE JOHN IN NOVEMBER!!!!!!!!!!!!!!!!!!

    October 10, 2008 10:41 am at 10:41 am |
  12. TONY

    MCCAIN IS DROWNING.

    HE IS STANDING IN A POOL OF QUICKSAND AND PALIN IS THE ANCHOR HE IS HOLDING!

    THE VAST MAJORITY OF THE AMERICAN PEOPLE HAVE SAID NO MORE!

    THE END OF THE REPUBLICAN DICTATORSHIP IS OVER IN 26 DAYS!

    October 10, 2008 10:41 am at 10:41 am |
  13. Laughing all the way to a Democratic LANDSLIDE

    VOTE
    YOU CAN MAKE A DIFFERENCE.
    OBAMA / BIDEN “08”

    October 10, 2008 10:42 am at 10:42 am |
  14. Tom

    Maverick? HA...more like TRAIN WRECK.

    October 10, 2008 10:43 am at 10:43 am |
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