Skip to comments.Obama housing plan more of what's failed
Posted on 02/11/2012 1:27:16 AM PST by Mark Landsbaum
President Barack Obama, whose economic acumen was shaped by left-wing, Big Government ideologues, wants to fix the housing market mess that government, in large part, is responsible for creating.
His plan to tax big banks to raise money to guarantee refinanced loans for existing homeowners to lower their monthly payments is fundamentally flawed, almost certainly won't pass Congress, but it is political pandering of the first order.
In an election year, is anyone surprised he would push something he knows won't happen while positioning himself as Rescuer-in-Chief? He can always blame Congress when it doesn't come to pass. The rest of us ought to thank Congress when it doesn't...
(Excerpt) Read more at ocregister.com ...
Grim proving ground for Obama's housing policy 2008 Boston Globe
"About 99 of the units are vacant, many rendered uninhabitable by unfixed problems, such as collapsed roofs and fire damage. Mice scamper through the halls. Battered mailboxes hang open. Sewage backs up into kitchen sinks. In 2006, federal inspectors graded the condition of the complex an 11 on a 100-point scale - a score so bad the buildings now face demolition."
Having an identity crisis?
This is more of Obama running against the House. If he can get the House to vote down this piece of legislation, he’s got a campaign issue.
When it doesn't what?