McCain's Housing Proposal Confounds, Well, Just About Everybody

John McCain and his advisers think his new housing plan is a winner. But they appear to be in a minority.

McCain's surprise housing announcement at the debate Tuesday night is not winning hearts and minds. In fact, it's looking more and more like a loser.

But judge for yourself. Here's a report on McCain's dud from Politico:

John McCain’s surprise policy offering Tuesday night to have the government buy bad mortgages is bold, sweeping and, well, a bit perplexing to nearly everyone.

From economic experts to political pundits, from liberals to conservatives, the proposal has been greeted with a collective sense of puzzlement that is raising questions not only about the substance of the plan, but of the seeming hastiness surrounding its rollout.

The few details available about McCain’s American Homeownership Resurgence Plan give the impression the plan is “half-baked,” according to Larry Sabato, director of the University of Virginia’s Center for Politics.

“If you’re launching a major new initiative, usually you blitz the cable networks and really try to penetrate the public consciousness. I didn’t see that today,” he said Wednesday.