McFLIP-FLOP SURFACES AGAIN

UPDATE: Michelle Malkin is pissed off!
UPDATE II: The NYT gets it - "McCain Reverses Himself on Mortgage Position"
UPDATE III: The WaPo doesn't get it - "McCain Refines Plan for Homeowners"

McClatchy notes that McWAR has flip-flopped, AGAIN - will the rest of the media catch on to this?

McCain reverses himself and calls for helping homeowners
By Matt Stearns McClatchy Newspapers
Posted on Thursday, April 10, 2008


WASHINGTON — Changing a course he set two weeks ago, Sen. John McCain called for federal aid to distressed homeowners Thursday, saying, "There is nothing more important than keeping alive the American dream to own your own home."

Under McCain's plan, homeowners facing foreclosure could apply for federal assistance, and the government would help them get new, affordable loans. Homes would have to be owners' primary residences, and owners would have to prove that they could afford the new loans, which would be 30-year, fixed-rate mortgages.

The plan represents a change of heart for McCain. In a high-profile economic speech in late March, McCain said he saw little federal role for helping homeowners at risk of foreclosure. ... Last month's tough-love message was reinforced by McCain's chief economic adviser, Doug Holtz-Eakin, who told reporters that "as harsh as it may sound, (foreclosure) may be an appropriate outcome in some cases."

Now, however, in offering federal guarantees for new mortgages and assistance to homeowners, McCain is essentially embracing what many Democrats on Capitol Hill have been demanding.