There appears to be little interest in Bush’s bailout plan from an Internet search standpoint. No surge in keywords and no major search data was seen. Is it that few people care? Or has the holiday season taken the focus off of the issue while people are busy? Many are saying the mortgage industry should take the heat. The Bush administration’s plan calling for the mortgage industry itself to stem the tide of rising home foreclosures has won praise from Congressman Paul Kanjorski, D-11, who opposes a government bailout.

“What you really have is the private sector coming to fix the problem,” said Kanjorski, whose district includes Monroe County. He added that lenders and investors knowingly took a risk for profit. “The last time I heard, that’s what we call capitalism — at your own risk. They weren’t going to give us any of the profits on the transactions.”

In a recent test search engine programmers monitored the following terms related to the issue and discovered little or no interest:
ARM increase freeze
Bush and Paulson rescue plan
Bush expansion plan
avoid preventable foreclosures
five year freeze on subprime interest rates
five-year freeze on subprime interest rates
freeze interest rates
frozen teaser rates
lender bailout
lenders modify mortgages
mortgage industry bailout
mortgage lender bailout
mortgage loan modifications
mortgage rate freeze
mortgage rate freeze plan
mortgage-rate freeze plan
saving homeowners
subprime adjustable-rate mortgage Bush
subprime government intervention
subprime plan
subprime rate freeze plan
subprime rescue plan
Hope Now Alliance
House Financial Services Committee
OCC vs New York
false wealth
manufactured wealth
mortgage relief
subprime bail out
subprime bailout

Little or no interest is either good or bad for President Bush depending on how one looks at it, but the issue is bad for lenders and investors regardless.