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Bloomberg/Business Week: “Obama Uses Housing as Foil to Romney’s ‘Hit Bottom’ Strategy.” “Opponents said the president’s plan, announced yesterday, was as much about politics as the policy goal of easing access to refinancing for homeowners with negative equity. It helps the White House frame differences with Republican presidential candidates and with Congress, which for two straight years has rejected a bank tax that he said would be used to finance the program.”
National Journal: “President Obama’s housing proposal reflects campaign strategy more than a viable policy agenda, as the administration tries to flip the struggling housing market from economic liability to political asset with a long-shot plan that Chicago can argue is better than the GOP alternative: no plan at all.”
The Washington Post: “The United States hopes to end its combat mission in Afghanistan by the middle of next year, more than a year earlier than scheduled, Defense Secretary Leon E. Panetta said Wednesday. His remarks reflected a growing sentiment within the Obama administration that its approach to Iraq, where the official end of U.S. combat operations came 16 months before the final U.S. troop withdrawal in December, may provide a useful model for winding down operations in Afghanistan.”
“President Barack Obama attends the National Prayer Breakfast this morning in Washington, along with the first lady and Vice President Joe Biden,” the AP writes.
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Thank you President Obama! I feel that a plan to help home owners is truly needed. Your first plan helped people keep their home and we are grateful!!
President Obama 2012
We are just thankful that President Obama is unlike the tea/gop camdidate willard who simply is not concerned about the poor = you know, those American Citizens in need.
The GOP-TEA people may not be concerned, but at least our President is, and is doing something about it! Now if only we can stop the roadblocks and obstructionism of the lazy Congress, America can once again start to prosper as we did in the last century...
He quietly achieved the homeowner friendly refinancing at low interest of Fannie May mortgage loans and, according to my banker, it will soon apply to Freddie Mac loans as well. Consistency is not political unless it is an election year. He owes it to Americans to inform them about what his administration is accomplishing, especially now. Is it political? Yes. It is also more than a promise to get votes. It is to clear the record of Republican false accusations and use words to demonstrate actions, not to make false promises.
So the Government is now going to purchase bad loans and upside down homes...
Obama doubling down on failure, as usual.
The previous government attempts to "assist" were a disaster.
But as along as the government meddles in the private sector , the leftists are on board. Never met a governmenr progam they didn't worship.