Monday, October 13, 2008

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


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.

Click here to read the entire article.

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