As if they don't have enough problems, Republicans in Congress are caught between principles and politics in the housing crisis, with a big decision coming in just a couple of weeks.
The sparring among presidential candidates over housing this week will hit the rest of
The bill is anathema to McCain and other laissez-faire Republicans who say the federal government shouldn't bail out people who made bad decisions. They'd rather wait for the stimulus and the markets to work through the problem.
But will GOP members of Congress say no in an election year? Especially after the Federal Reserve and the Treasury effectively bailed out Wall Street this month. Many Republicans didn't like that move, either, and they don't believe two wrongs make a right. But will they risk appearing insensitive to voters struggling through a recession? We'll find out soon.