As a "compassionate conservative," President Bush's "deal" (about home loans) may reflect compassion, but it abandons conservative free market principles. There may be "no perfect solution," but we can do better than this precedent-setting deal.

We should seek a solution that minimizes the negative impact while maintaining responsibility where it belongs. Perhaps offer homeowners an option: Accept the interest and payment adjustments as scheduled or allow the interest to adjust as scheduled but temporarily postpone scheduled payment adjustments, adding the difference to the loan balance, then reamortizing the loan when the payment adjustment can be afforded. This solution could even be offered to more homeowners than the proposed "deal."

Jeffrey Morrow

Salt Lake City