Just when we thought we’d heard it all – Obama threw us another insult along with a potential chance of creating a second housing bubble and placing a hefty charge on taxpayer’s tab. Obviously Obama is showing his muscle and taking advantage of taxpayers one more time.
He’s announced today that he’s going to come to the rescue of homeowners, doesn’t that sort of remind you of the first big bubble we’re still in due to the Government insisting that Freddie & Fannie finance mortgages to people who weren’t qualified to own a home.
Duh, is he mentally challenged?
Now Obama is in the process of doing a “pay back” to the Republicans, because they won’t pass his jobs plan – Reid couldn’t get it passed through the Senate, let’s be honest about the story and keep the facts straight. Obama has lost so much Democratic support that even the Senate refused to pass his jobs plan.
He has plans of one payback after another in the next 13 months and you can take this to the bank – the National Deficit will take the first hit and then it will trickle down to the taxpayers. This newest Obama scheme has the ear markings of a redistribution specialist, not a commander in chief. The bottom line is this, he didn’t get his second stimulus package passed so he’s throwing an Obama tantrum and doing paybacks that will harm all Americans.
Basically homeowners who are current on their mortgage payment can refinance their homes even if they’re under water, which they are and will remain that way for years. Saving 25 or 30 dollars a month isn’t even a lick and promise.
Same problems are eminent just like they were in 2009 – many of these homeowners have friends, family, parents helping them with their financial obligations and that’s only short lived. Secondly, since Obama refuses to free up businesses so they can create jobs – we will have more people laid off in the next 13 months and guess who will be left around to pick up the pieces when homeowners starting defaulting on their mortgage payments. Our Government will run to the taxpayers and insist that we assume responsibility for Obama’s screw ups one more time.
It’s not just old; it seems criminal that Barack Obama can continue placing more and more financial burden on our shoulders. One would think that our Constitution would have laws in place where Americans can control this dismal, blood sucking Obama Administration. Where have American’s Freedoms and Rights disappeared?
(The Hill) House Democrats say House Democrats Hammer New Obama Mortgage Crisis Response As Insufficient.”
To emphasize again why this Obama “Can’t Wait Plan” is a wolf in sheep’s’ clothing please listen to the comments coming from the Democrats. They don’t know how many might qualify for his scheme, nor do they know if it will cut mortgage payments 26 per month or maybe a little bit more. The Democrats don’t have a clue if this plan would even work let alone stimulate our economy.
The first housing relief program of Obama’s called the HAMP was a total flop just like this one will be and the taxpayer’s lost 50 billion in the first plan and who knows what the “Can’t Wait Program” will cost.
Obama doesn’t care if the “Can’t Wait Program” will work – it’s just new ammo for his 2012 campaign. Like his “Hope and Change,” Americans will tire of his political rhetoric about his “just can’t wait” plan.
Americans are engaged now and much more savvy than they were in 2009 – the proof of this is his jobs plan didn’t pan out well for him in his recent campaign trips for his approval ratings just keeps taking a hit. Americans smelled a rat in their icebox when Democrats refused to pass his jobs plan!
May God Bless America