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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: John Vosilla who wrote (123680)5/17/2008 6:08:42 PM
From: Jim McMannisRead Replies (2) of 306849
 
Democrats Face Rescue Backlash

online.wsj.com

Democrats may be risking a backlash at the polls in November by pushing hard to use taxpayer money to rescue homeowners who can no longer afford their mortgages in the face of stiff resistance from President Bush and many other Republicans.

The Democrats in Congress and the party's presidential candidates frame the issue as doing at least as much for beleaguered homeowners as the government is doing for Wall Street. The White house and most House Republicans counter this amounts to using taxpayer money to reward bad behavior.

The Republican protests are striking a chord with some Americans who are ...
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