McCain is a douche

Okay, so while my header is (a bit) childish, read this article and tell me I'm wrong.

McCain faces conservative backlash over mortgage plan

"Fundamentally, the problem is John McCain accepts a lot of liberal notions, unfortunately. There is somewhat of a populist streak," he said. "Most conservatives really did not like the bailout to begin with, and this was really kind of picking at the scab."

It's not just the plan conservatives are unhappy with, but how it was first unveiled as well -- out of the blue at Tuesday's town-hall debate during which Republicans were instead hoping McCain would present a spirited attack on what they view as Obama's overly liberal positions.

"He spent the entire debate assailing massive government spending -- while his featured proposal of the right was to heap on more massive government spending to pursue home ownership retention at all costs," Malkin said.

Under the plan, the government would buy up bad mortgage loans, converting them into low-interest, FHA-insured loans. To qualify, homeowners would have to be delinquent in their payments or be likely to fall behind in the near future.

They also would have to live in the home in question -- no investment properties would be eligible. They would need to have demonstrated their creditworthiness when they purchased the property by making a substantial down payment and by providing documentation of their income and other assets.

But the plan, which the McCain campaign appeared to be finalizing even after the candidate announced it, significantly departs from the Arizona senator's original proposal and has left many conservatives scratching their heads:

"The original plan relied on lenders taking the hit," Holtz-Eakin said on the conference call. "This bypasses that step."

Instead, the estimated $300 billion tab essentially gets transferred to taxpayers, among the funding already provided by the bailout bill -- a proposal that may rile not only fiscal conservatives, but also struggling homeowners who have worked to keep up their mortgage payments.

"The guy who works two jobs and struggles to actually pay his mortgage is penalized. He would be better off under this plan to just quit paying his mortgage," Lewis said. "And this fundamentally goes against a lot of conservative principles and individual responsibility."

What the hell!??