Sara Whitman over at Bilerico pointed this out. H/T to Sara.
From the 2008 Republican Party Platform:
Homeownership remains key to creating an opportunity society. We support timely and carefully targeted aid to those hurt by the housing crisis so that affected individuals can have a chance to trade a burdensome mortgage for a manageable loan that reflects their home’s market value. At the same time, government action must not implicitly encourage anyone to borrow more than they can afford to repay. We support energetic federal investigation and, where appropriate, prosecution of criminal wrongdoing in the mortgage industry and investment sector. We do not support government bailouts of private institutions. Government interference in the markets exacerbates problems in the marketplace and causes the free market to take longer to correct itself. We believe in the free market as the best tool to sustained prosperity and opportunity for all. We encourage potential buyers to work in concert with the lending community to educate themselves about the responsibilities of purchasing a home, condo, or land.
Remember that ‘ownership society‘ thing?
Fact Sheet: America’s Ownership Society: Expanding Opportunities
“…if you own something, you have a vital stake in the future of our country. The more ownership there is in America, the more vitality there is in America, and the more people have a vital stake in the future of this country.”
-President George W. Bush, June 17, 2004
Yeh – it looks like we’re all going to have a stake in bailing out your buddies, eh John? So quit pretending that you give a shit people who don’t have spouses who wear $300,000 outfits.