Voters Back McCain Mortgage Plan

It has been reported in the Phoenix Business Journal that most US voters favor John McCain's mortgage rescue plan.

With the countdown to the Presidential election well under way, Senator McCain will be pleased about this support. The state of the economy is now the major issue, not only in American politics but also throughout the world.

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It seems that Senator Obama is still the front-runner, but in the final run up to the election it is all very much to play for.

An extract from the Phoenix Business Journal is reproduced below:

"A majority of U.S. voters back a mortgage bailout plan forwarded by U.S. Sen. John McCain, R-Ariz., that would have the federal government buy distressed and upside down mortgages and refinance them so homeowners can avoid foreclosures and keep their homes.

A new poll by Rasmussen Reports shows 52 percent of those surveyed support McCain’s $300 billion plan, while 35 percent oppose it. Presidential rival U.S. Sen. Barack Obama, D-Ill., also opposes McCain’s mortgage plan.

Support for the plan crosses party lines with more Democrats backing McCain’s idea than Republicans, according to the Rasmussen poll. McCain unveiled the plan Tuesday at the second presidential debate in Nashville, Tenn."

Please Click Here to read the complete story Majority backs McCain’s $300B mortgage plan.

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Majority Back McCain Mortgage Plan
Majority Back McCain Mortgage Plan