Our guest blogger is James Kvaal, Domestic Policy Advisor at the Center for American Progress Action Fund.
It’s hard to know whether McCain supports the Democratic plan to help struggling homeowners by guaranteeing more affordable, refinanced mortgages against default.
Two weeks ago, McCain economic advisor Douglas Holtz-Eakin derided the idea as “throwing money at problems” and said it had “the potential to do more harm than good.”
Last week Holtz-Eakin reversed himself, saying that the proposal reflected McCain’s principles and McCain might support it.
But yesterday McCain said he does not support the bill after all, according to Laura Meckler of the Wall Street Journal.
Am I the only one confused?
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