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	Name:	Talullahhound -
	Subject:	No
	Date:	11/4/2008 2:56:55 PM

Okay -

Housing crisis. As I understand it, John McCain wants to spend $300B for the govenment to buy bad mortgages and renegotiate them at a reduced price. As I understand it, Barrack Obama wants to put a 90 freeze on some foreclosures. I am not in favor of the govenment buying back mortgages and reissuing them at a more favorable interest rate.
As to who created it? I don't think there is a simple answer. I've heard as many theories as there are out there. I'm not sure I even understand it all. In a nutshell I think it had to do with bad assumptions on the market regulating itself, was fueled by greed of the financial institutions and Wall Street, and unrealistic expectations of people who felt that they should be able to buy a house whether or not they could afford it. When it was made clear that there was a problem, lawmakers who could have acted did not act. Everyone kind of sat on their hands and hoped what they were being told wasn't true.
To tell you the truth, I'm not really in favor of either candidates solution. I don't know what the right solution is, but I see Obama's solution as just punting and John McCain's solution is rewarding those who don't deserve it. And where will the $300 B come from?

Health care -- I actually agree with Obama's proposal to come up with a plan like the Federal Employees have. I don't see any reason why that wouldn't be doable. I think there should be mandatory coverage for children. I don't know how one would enforce mandatory health care unless they made it mandatory deduction like medicare and SS. I'm concerned that under McCain's plan I will lose my health insurance as it stands and be forced to pay a lot more for the same coverage.

Taxes - I'm not sure where John McCain stands on taxes beyond extending the Bush tax credits. Obama wants to raise the taxes on those who earn over $250K a year. I no longer earn over $250K a year, so that doesn't bother me. I wish whoever gets in would close the tax loopholes for the wealthiest. If they could do that, they probably wouldn't need to increase taxes. I'm not a tax lawyer or even a CPA, so to say with any certainty that one will be better than another -- I don't see it. In fact, of all the issues, I trust candidates less on taxes than any other issue.