Modeling Journey

When running against the hapless Senator John McCain, Obama pooh poohed McCain's policy of giving homeowners who were underwater some relief reducing their amount they owed on their mortgages, in recognition of the drop in home prices after the financial meltdown of 2008.

Now it seems that the same problem is even bigger, and the president is faced with doing exactly what McCain proposed, because Obama's first stab at the problem has been unsuccessful.


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Does that startle you? It should.

Does that perturb you? It should.

And at the same time, many are still engaged in 'bubble borrowing':
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