Skip to comments.Obama Executive Order - Housing Crisis
Posted on 12/07/2011 6:07:31 AM PST by TheDailyChange
"The Occupy Wall Street protests are moving into the neighborhood. Finding it increasingly difficult to camp in public spaces, Occupy protesters across the country are reclaiming foreclosed homes and boarded-up properties, signaling a tactical shift for the movement against wealth inequality."
If the so-called president of the US really wanted to do something productive with the stroke of his Executive Order pin he could mandate that all homes in the US be priced at current market values and set 30 year fixed at 4.50 %. Then start a PRO MANUFACTURING-AMERICAN initiative to build products in America where someone earning $8-9 dollars an hour could afford a home. Then terminate NAFTA and get the he!! out of the "GLOBAL ECONOMY" What about the greatest country on Earth, America?
What happens to your freakin "Global Economy" then when America fails?
Whilst I agree with your concerns, the president setting a price for houses and a set interest rate is just as logical as the Cretin-in-Cbief declaring pi to be equal to exactly 3.0.
Squatting has been going on in the urban areas and in Europe and the UK for a long time. Here, it just isn’t publicized or, if something happens to make it visible, it is down played in the media.
It has a lot less to do with home affordability than with arrogant, aggressive anarchists itching for a fight in the name of their *needs*.
We got into this mess with Presidents and Congress mandating mortgages to anyone who wanted one and the privatizing the losses to make the banks whole.
Just roust them out and most of all: ignore them.
Did you write this drivel?
Or are you just posting it?
You didn’t really comment on it.
Not the job of the President!
Instead our politicians are deeply involved in investments that involve housing, Instead our politicians are deeply involved in attempting to inflate the prices of houses to provide a bigger taxable property values. My friend the deep reality is politicians, government, bankers, real estate agencies, lawyers involved in housing, (to name a few)are not your friends, their rooted business it to inflate the prices of housing so they can unrighteous take money out of your pocket and put it in their pockets, deregulate, deregulate, deregulate.
That's my two cents on the whole mess.
How about bull-dozing every foreclosed property that the US taxpayers guarantee loans for?
Not FREAKIN’ legal!!!!!
Uhhh, no he couldn't (legally at least). All that a president can use an executive order for is to direct a executive branch agency to act in a certain way when the federal law on the particular issue is vague or nonexistent. Like for the recent executive order directing INS to not deport illegal alien without a criminal record. He was basically telling them how to prioritize deportations.
Besides, if the Government said you had to sell your house at a fixed amount and told lenders they had to lend at 4.5%, the only result would be people would stop selling homes and lenders would stop lending.
You vote Republican? Your house value? $5.00
Stroke of the pen, law of the land. It’s kind of cool...
Agree, but let's wait until after the OWS people move in.
I was just thinking that since he can’t accomplish any freaking thing apparently without the executive order as of late, maybe it might help. Sure as he!! could not hurt.
What do you want, 4 more years of 0 so you can buy a 2500 sq ft home for $500? And work for the Chinese?