I did not mean that as if it was not being proposed by democrats – The democrats are generally more inclined to propose welfare-like ideas when it includes individuals – while the republicans generally propose equally welfare-like ideas when it invloves business, farmers, fisherman, etc., – Both parties provide “welfare” at the expense of the average taxpayer, just to different groups depending on who your voter base is. If the Republicans were in power this would be a “we have to save the lenders” proposal instead.
In the context of this proposal, I agree that it is a “Democrat” proposal – but I think that the “poor homebuyer” bit is just window dressing for the politicians to hide behind while they try to prop up the businesses who have given them money. I am guessing there will be a number of Democrats opposed to the idea, just as there will be a number of Republicans in favor of it.
Personally, I think it is a horrible idea for the reasons I posted and while I generally consider myself a democrat, I am not a huge proponent of much of the way we go about welfare in this country. I am all for helping people, I just don’t think we always do it in a very prudent way.
