Thursday, September 18, 2008

Enlightenment: Obahma/McCain

Mc Cain's perspective comes from a pre-Enlightenment point of view where money equalls power. Obama comes from an Enlightenment poit of view where the common man has equal power in the issue of housing,

Mc Cain :"Initially opposed large-scale federal assistance But more recently called for the government to help qualified homeowners with subprime mortgages refinance and get federally guaranteed 30-year mortgages; opposes lower down payment on F.H.A. mortgages; Justice Department should investigate lenders".

Obama:"Create new F.H.A. program to make it easier to convert subprime loans to fixed-rate, 30-year loans; create a fund to help people avoid foreclosures; require better disclosure from lenders".

http://elections.nytimes.com/2008/president/housing.hthml

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