Monday, October 13, 2008

Ben Smith's Blog: Obama's rescue plan [UPDATED] - Politico.com

 

The plan is a striking sign of how far this crisis has moved, and a sign that Obama has shifted toward a more populist approach. In February, after Hillary Clinton proposed a similar foreclosure moratorium, the Los Angeles Times reported that Obama condemned her plan:

In San Antonio on Tuesday, Obama said that Clinton’s foreclosure freeze was potentially “disastrous,” rewarding “people who made this problem worse” by benefiting banks that profit from high mortgage rates.

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