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.