Beltway Snark

So why is he claiming it as his own now?

Democrat Barack Obama proposed more immediate steps Monday to heal the nation’s ailing economy, including a 90-day moratorium on home foreclosures at some banks and a two-year tax break for businesses that create new jobs…

…Obama proposed Monday that banks participating in the federal bailout should temporarily postpone foreclosures for families making good-faith efforts to pay their mortgage.

“We need to give people the breathing room they need to get back on their feet,” he said, adding that families living beyond their means share some of the responsibility.

“Part of the reason this crisis occurred, if we’re honest with ourselves, is that everyone was living beyond their means — from Wall Street to Washington to even some on Main Street,” Obama said.

McCain opposes a temporary foreclosure moratorium and instead wants to focus on policies that would keep homeowners from ever facing foreclosure, said economic adviser Douglas Holtz-Eakin.

I seem to remember Obama scoffing at the idea when Hillary put it out there in January. Let me guess, his position now is more nuanced.

For the record, Obama was right the first time around; what’s letting the people stay in their house 90 days longer going to help? If they were able to raise the kind of money they need to get themselves out of foreclosure in three months I would assume they would have already did it.