Live from a white spot in a purple nation on a blue planet...

John McCain likes to spend money.  Unfortunately, this isn't his wife's money. This latest spending spree is going to be bankrolled by you, the American taxpayer.

The government-chartered companies, which own or guarantee about half the $12 trillion of U.S. mortgages, can count on a federal lifeline, said Republican Senator John McCain, of Arizona, and Democratic Senator Charles Schumer, of New York.

The remarks by the presumptive Republican presidential candidate and the head of the congressional Joint Economic Committee followed a slide in the firms' shares to the lowest level since 1991. They indicate Congress would push the administration to use government funds to prevent the companies from failing and threatening a deeper housing recession.

``They must not fail,'' McCain said today during a campaign stop in Belleville, Michigan. Fannie Mae and Freddie Mac ``are vital to Americans' ability to own their own homes,'' he said at an earlier stop in the state, one of the worst affected by the surge in foreclosures. (Source)

That's right, kids!  You're gonna get to buy out the Maes and Macs.  You bought out Bear Stearns, but this is going to be so much bigger.  This is going to cost multiples of the current national deficit before it is all over.  Someone stop McCain before he bails these crooks out again!