McCain proposes a housing bailout, but funds may be spent by Inauguration Day

Thursday, October 09, 2008

In his answer to the first question of Tuesday’s presidential debate, John McCain proposed using the funds from the bailout package to help Americans struggling to pay their mortgages. The Obama camp says the proposal would mean losses for taxpayers. It may not matter — the bailout is already in high gear, and the money may well be spent by the time either of them is in office.
Guest: Brian Wingfield, Forbes.com Washington bureau chief

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