Is Obama preparing a trillion-dollar, mass refinancing of mortgages?

read this article on realclearpolitics.com earlier today and thought the same thing.

 

Why is that? Seems just like any other bailout but it's aimed directly at homeowners. Just another way to print money and put us in debt except for the fact that this debt can be hidden much better than treasury notes, SS obligations, etc due to the valuation and artificially low interest rates. Am I understanding correctly?

 

Irresponsible voters (Democrats) will love it! Anything to shift blame and responsibility to others will carry a lot of weight with many of their supporters.

After all...anything and everything bad is a result of someone else. Accept NO accountability or responsibility and vote for Obama! :dis:

Auto bailout...check
Housing...check
Student Loans...check
Unemployment...check
Illegal status...check
Poverty...check

Remember...IT'S NOT YOUR FAULT! DON'T LOOK IN THE MIRROR! ALL YOUR PROBLEMS ARE DUE TO THE MAN AND THE SYSTEM!

Real "Hope & Change" means taking what you want! Get rid of the word "Earn" from your vocabulary!

 

Most economists, regardless of political affiliation, agree that the housing market is the biggest impediment to a more robust economic recovery. While I agree with you that there were some people who irresponsibly took on more house than they could afford the banks also share equal responsibility for lending money to people who were not credit worthy. I am not one of those people who subscribe to the notion that everyone is entitled to owning a home; it is a privilege that should be EARNED. This being said, our economy could recover quicker if such steps were to be taken.

What is it about this that is so appalling to you that it is worth stalling OUR economy further than it already is? Are you pulling for us to get out of this thing or do we need to have a Republican President before it's okay? I don't get you man. Do you love this country or not? Because if you do then you should be rooting for us ALL to recover.

I am a small business owner and a veteran and regardless of which party holds office I root for the good of our country. I guess you probably have an angry reason for why the unemployment rate fell to 8.5% today also?

Listen, I don't think Obama is the second coming or anything and I have plenty of issues with chit that's happening in this country but we should all be excited when we get good news because it's been a long damn time since we've had much of it.

 

If the housing market is so important, why not make ALL mortgage payments tax deductible? And, the government wouldn't have to spend one cent of OUR money to do it.

 

I would be open to anything that can put the housing recovery on a faster track. I am no expert and have never claimed to be so I don't hold a silver bullet (if one even exists). My larger point is that we need to move the ball forward......if your idea works better than the next guys then so be it, I'm all for it.

 

This article is no doubt filled with speculation and I agree that this is probably more "Boo!" from political opponents. That said, I disagree with you that Obama wouldn't propose such a thing during an election year. I think people are fed up with doing nothing at all. Maybe I'm all wrong but I think voters would reward him for moving the ball forward. Interested to hear why you think Obama wouldn't do such a thing....