February 1st, 2012
01:25 PM ET
Boehner knocks Obama’s new housing proposal Washington (CNN) – House Speaker John Boehner is expressing skepticism about President Obama’s latest plan to lift the country’s housing market, suggesting government programs designed to help mortgage holders have long proven ineffective. “We've done this at least four times where there's some new government program to help homeowners who have trouble with their mortgages,” Boehner told reporters on Capitol Hill Wednesday. “None of these programs have worked and I don't know why anyone would think that this next idea's going to work and all they've done is delay the clearing of the market. “ The comments came shortly before the president unveiled a new proposal that the administration says would allow millions of homeowners to refinance their mortgages at a lower rate, saving the average family $3,000 a year. Specifically, the president is calling on Congress to pass legislation mandating banks allow homeowners to refinance even if their current home value has fallen below what they owe on their mortgage. Currently, most banks do not permit so-called underwater homeowners to refinance, even if there is a history of good credit and timely payments. The cost of the president’s new proposal is expected to be between $5-$10 billion according to administration estimates. It will be paid for by exacting a fee on the nation’s largest financial institutions – likely a nonstarter with Congressional Republicans who have rejected previous attempts to levy fees on the big banks. “The sooner the market clears and we understand where the prices really are will be the most important thing we can do in order to improve home values around the country,” Boehner said. Speaking at a community center in northern Virginia Wednesday morning, the president directly refuted that notion. “It is wrong for anybody to suggest that the only option for struggling, responsible homeowners is to sit and wait for the housing market to hit bottom,” he said. “I refuse to accept that, and so do the American people.” The new proposal in an extension of efforts the president first announced in 2009 to encourage holders of mortgages originated from government-backed Fannie Mae and Freddie Mac to refinance at lower rates. While the administration had initially projected as many as 5 million households would benefit under those efforts, to date only about 1 million have been helped. “I’ll be honest - the programs that we put forward haven’t worked at the scale that we hoped,” Obama said. “Not as many people have taken advantage of it as we wanted.” The proposal the president announced Wednesday also calls for a “Homeowners Bill of Rights,” which he said would add more transparency to the mortgage process. He also said his administration is looking into ways current foreclosed homes can be converted to rental properties. |
  |
 |
|||
|
|
|
||||
Go cry a river Boehner. You and your posse will be voted out.
While Americans are pinching their pennies, looking for work, watching their home values sink, getting gouged at the market and the pumps ... Michelle Obama goes on a one hour $50,000 shopping spree, for clothes, in New York. Barack squanders FIVE TRILLION of OUR hard earned dollars, in just3 years ... and, now both of the Obama's are campaigning feverishly, for Americans to send them more of OUR money, in order to help the Obama's get reelected.
It's time to kick these self-serving, corrupt hypocrites out of the White House !!!
Copy and paste from Fox News much? Do yourself a favor, get a clue. Attacking a candidates wife won't make your trailer park trash of a life any easier.
Take a break from Fox News and you might actually learn something.
This is a total lie, not just smear, but a dirty lie. No big shopping spree by Michelle. Go look in a rear-view mirror to check why the money was spent, after Bush screwed over the Americans. Are you standing in a soup line along with millions other Americans? Doubt it, maybe not a high-level job you deserve, but at least you're using a computer either you or your boss paid for.
Where do you get your info from? That was so wrong it made you look like a fool.
What a stupid comment.
Howard, wake up and exit your trailler every now and then and you'll see the real world. Typical, low-information, uneducated racist remarks from an obvious pig-in-slop.
Sorta like Romney- not having a job but making $60,000 a day off the companies he destroyed and by hundreds losing their jobs. I can see the similarities.
Stupid people quite often make stupid comments.
@another...hey dope, this was not reported at Fox... three UK papers reported it and it hit the blogs...then the white house denied it and said they would not prove it did not happen. Fox just happens to report SOME news that the other monster medias refuse to report... you have to go to european and asian media for the rest.
Take a break from Fox news.Republicans are as much trash as the democrats are.End of story.
A spokesman for the label told MailOnline: 'Recent claims regarding Michelle Obama and purchases made at an Agent Provocateur boutique are incorrect.
'Agent Provocateur never discusses any of its clientele or their purchases.'
The Obamas are millionaires in their own right. I'm sure the money she spent was her own. As for the President, I challenge you to say ONE thing postive about him.
You all can trash Fox news all you want, and you can smear the person who left the comment as "trailer trash," but the fact about the 5 trillion in new debt is completely true, and not a single one of you cowards addressed that in your rants
After mitt boldly stated he is not concerned about the poor because there is a safety net in place and that safety net if needed can be patched-after that insult to all the Americans; mitt will never serve as Commander-in-Chief at least not in this century-mitt wants to focus on the middle class there is hardly any middle class-what I would like to ask mitt-where was he and all these so called solutions 8yrs when the country was spiraling into a deficit?
I may not agree with everything President Obama brings to the table-but at least President Obama is trying to clean this
mess that was left over. mitt and all the candidates have hidden agendas-they are not concerned about the plight of the
poor/elderly/special needs children. All this campigning is and continues to be negative-their focus and their goal is to
keep President Obama from serving another 4yrs-President Obama has been disrespected/had a person to invade his space pointing her finger in his face/threaten/had/continues his citezenship?/a senator wishes death on President Obama and his family and disrespect to the 1st Lady-thur all of this President Obama has maintained his professional stature/he continue to be humble and hold his peace while GOD fights his battle-Accept/Reject GOD has blessed America with Barack Obama another 4yrs as Commander-in-Chief-GOD's will has been done and can not be changed.
No insult intended-have you taken your meds-because your comments are so out of context-I remember something my
mother drilled to me and my siblings-Looks are somtimes decieving-which means one may appear to be intelligent/up
to date on current events-but as soon as they begin to speak that is when their ignorance comes in to play.
Take this as a lesson-if you can't say anything + about an individual-pls keep your mouth close and pretend to have common sense/mother's wit
IS THIS YOU CALLISTA OR MRS.ROMNEY BECAUSE PICTURES I HAVE SEEN WAS CALLISTA WAS IN NEW YORK SPEND AND ROMNEY IN A AD WITH MONEY IN HIS MOUTH LAUGHING HOW HE HAVE GOT RICH OFF WORKING AMERICA PEOPLES, AND THAT MEAN POOR& MIDDLE CLASS SO GET IT RIGHT.
Ain't gonna happen! Go back to your FOX propaganda mouthpieces.
jerrylax ... The UK papers quoted are owned by Fox you numbskull.
and what are er gonna replace them with?some more big money ,money grubbing corupt people that want to start us over again where bush left off?Romney is like a weather vain.you don't know what direction he's going in till the wind blows.Newt wants to give us some more trickle down ronald regan idea's, santorm he wants to let the church be his advisors.Ron paul wants to cut everything. so out of this bunch which poison do you prefer?
....surprise, another visit from the vapid troll, aka Howard, spewing the usual Faux news stupidity. Hey Howard, at some point, just by shear happenstance or dumb luck in your case, you might just run up on a fact. In the mean, time keep flailing away at it....there might be few of your cro-magnin cave dwellers that, like you, still haven't got the memo that these tired rants are pathetic and useless. Keep trying genius....even a blind squirrel lucks up on a nut every now and then...and you are about as blind and dumb as they come.
It's amazing how people blame the Obama's for everything that goes wrong. It there's a blizzard, it's Obama's fault. If there's a crash, it's Obama's fault. The RNC leader just compared President Obama to the cruise accident in Italy. GIVE ME A BREAK!!! Every since his election, the right wing PSYCHOS have blamed him for everything that's wrong. Maybe you should look at the facts and not the color of his skin! You just don't want to face that fact that he's an intelligent man and if congress quit trying to destroy him just because they don't like him maybe things will get better. You probably need to stop watching FOX news and maybe you will hear the truth. Oh yeah, don't hate on Michelle because she can afford to spend $50,000 it's her money! HATER!!!
Hey jerrylax,
Maybe do some research before you open your mouth. Those UK Newspapers were The Daily Mail, The Sun and the Telegraph which are aimed at women similar to Us Weekly, Star or People (Celeb Gossip Magazines) – Ones that print anything and everything. No Credibility. Like you.
Guess what Howard? When Barack Obama is no longer the president he is still going to get your money – $400,000 a year pension. And whether it is next year or 4 years later he is going to deserve every penny of it for putting up with people like you who regurgetate everything from every right wing source you can find.
What bothers me is to read comments made by people who supports the likes of Bachman, Palin, Romney, Newt, lets look at this picture. The old saying is like minds runs togather. You have lying, not so brite, out of touch and a crook runing as republican. The sad things is my back ground is some college 6 years military Army and Airforce and I consider myself as an average verse american. I can see through the bull that these people are trying to pull, if the supporters don't then shame on them. Here is a little history lesson, before Barrack took office president bush which was a pupet for cheny and crew, has us in two wars ran the dept of our country up without a clew how to pay as you go. I saw with my own eyes my co workers laid off due to down sizing, housing including my own property value discrease from a modest 210.000 to 170,000 in months, I have never been late on a payment but would love to get my value back with any program the president can come up with. It is not our fault the banking system failed us. You really need to look at the facts and stop repeating stupid stuff that you hear. When our leaders in congress said that they will not support the president in any of his inititives because they would rather see him fail, did you ever think that if our president fails all americans fail. So when you get done with prejuduce thoughts (call it what it is) we as a nation can only be the best when we all pull togather. So you do not have to understand what I have just stated it is okay Bachman, Palin, Mitt or Newt whould not understand either. I would like to see each republican presidet who in our past has been war crazy because they make thier millions on it, we make a law that thier sons and daughters be the first to serve, if you have not served I will not respect any negitive comments. I have two sons and two daughters I have raised them to be leaders not followers and I gurantee they will never be easily be fooled on the bull the republicans are selling.
When there are those that will do anything just to prove that their hate for President Obama will keep him from another 4yrs-then the people that follow them are weak/unable to think on their own/racist thur past generations/believe in their own hate and have learned behavior that racism is right-No one but GOD can change their toxic/impure hearts & minds. If mc cain/palin had won it would be business as usual-what needs to be understood here is the opposition never believed that Barack Obama would defeat them and he did thur the power of prayer-if the opposition had known that they would not win- what is happening now would have happened then.
Upon making his loser speech mccain had a look of "is this real" on his face-GOD heard the cry from his people; the op
position made it known that they would do everything at any cost(even selling their souls) to block President Obama fro
m a second term. They have proved that this is not about making America better; their goal is to discredit President Ob
ama so they can regain the corruption/division/unequal tax collection and control and racism. But they have destoryed
themselves-Thur all the hate/lies/threat-President Obama is still standing he is humble and most of all he has never atte
mpt to discredit his opposition-That is why GOD has blessed America with another term with Barack Obama 2012-2016
President of USA.
I agree.
Obama has been getting a Foregin Tax Credit for his investments Overseas. see the link for his tax reurns.
http://www.taxhistory.org/www/website.nsf/web/presidentialtaxreturns
Souldn't the president keep his money in the US? And not investong it overseas and getting a credit on it.
Something wrong with that picture and yet noone is reporting on that.
They probably will not publish my response, in a pro Obama news Site
I get a kick out of reading these type posts. True colors are displayed which show greed, stupidity, ignorance, ego and a great opinion of how America thinks and acts. Republicans want to get richer by depriving Democats (and 75% of most americans) an opportunity to refinance their mortgage due to Bush tax cuts and funding two wars which created the bottom to fall out of the American Economy. Folks who purchased in 2007/08 when the Market was at an extreme HIGH are screwed now. Try and refinance your 5% rate to the current 3-4% and the bank will laugh at you because you, like many other homeowners, are too far upside down. I think all politicians should get fired personnally. Not right what they get away with!
so mr speaker – you are always so negative about anything the president tries to do but if you think you can come up with something positive, then lets hear it, until then keep your negative thoughts to yourself.
thanks
NOW THAT"S A GREAT IDEAL.
When will this President quit wasting my tax dollars. Another useless program by Obama, just like all his other programs.
Nov can not come soon enough, so this country can vote Obama out,
Your tax dollars pay the obstructionist republicans to do nothing while collecting the best pay and benefits available. I hope your proud of yourself, you're the reason the system is so screwed up, now that they've brainwashed enough people like yourself. Another Scott Walker.
Very proud, its a shame you fall for Obama Lies. Of course you sound like one of them raving Liberals
Thanks John Rommney for your eloquent plagarism. Looks like you and Mitt are smoking the same whacky weed and drinking the same cheap whiskey.
Mormons don't drink.
But it was OK to fund 2 wars, and give tax cuts a the same time. So there was a money tree in the last whitehouse? I am having a hard time with that math problem, and I majored in economics.
I don't think it was ok to fund 2 wars at the same time tax cuts were put in place. Additionally, I think Obama's plan is stupid because it forces us as taxpayers to bail out people who made bad investments.
I promise you that it is ok to evaluate ideas individually.
@ Replacement Level,
Actually it would be good for the economy. These people that are struggling to keep their home, would now have 3k a year to spend. Spending money helps circulate the money in the economy. Circulation of money is absolutely necessary. And lastly, it is bad to assume 5 million people made bad investments. Assumptions in general are bad.
The direct effects on the economy of this program would be almost zero.
On the positive side, let's assume that the expanded HARP/HAMP programs double the number of borrowers that are already in the programs, which is incredibly optimistic. This means an additional 2 mil borrowers would save $3k per year, for an aggregate savings of $6 bil. $6 bil is about 0.04% of our GDP. This has almost ZERO impact - I don't understand how so many people think this is such a magical program when simple arithmetic proves otherwise.
Furthermore, I think these same borrowers could save much more than 3k/year if they rented instead, especially in the coastal areas. What is so wrong with renting?
And more importantly, why not let those who chose to not own a house to be rewarded for their decision? I am finally close to having enough savings to buy a house. Just a few % cheaper and I'll finally be there! Why is it fair that home prices are being defended so that a modest home is still just out of reach?
And 5 million people can certainly make bad investments at the same time. Remember the dot.com bubble? Or just recently, Fannie/Freddie stock?
@ replacement level...
I've enjoyed reading your logical (and policy based) posts...generally agree with you. One piece you are missing on the $6B is the multiplier effect, so the actual impact SHOULD be greater than just the $6B by simple math. Remember, they use this "multiplier" effect when talking about job creation as well...if a company locates and brings in 500 specific jobs, the income they generate creates a need for addtional goods/services in the community which provides a net effect beyond the 500 the company provides.
Your other point, though, is SPOT ON! propping up housing prices is hurting the lower and lower-middle class who's hope of returning to homeownership will remain just out of reach while the housing prices remain artificially inflated. So these liberal policies are HINDERING those they are supposedly they are trying to help.
Just another example of DC keeping the populace down to maintain control over our lives under the guise of "assistance".
Sorry, Scooter. It's not in the cards this year. Obama/Biden 2012!
Lets’ kick those struggling kids and families to the curb. They can live off the streets. They don’t deserve a home. That’s the implication of what Boehner is saying.
Well middle class Republican families who are struggling to stay in your homes (I am sure there are lots of you out there), you need to decide if to vote for a Party whose policies will get you no help and ultimately get you kicked out of your home. To me, it’s a simple decision. If you still decide to vote Republican, you have no one to blame but yourself. You will get no sympathy from me because by voting Republican, you agree to be kicked out of your home. You have a choice so choose wisely.
Wonderfull coment and I agree with you. If Republicans/Tea bags win all I want is to see those middle class republicans lossing not only their home also their job, insurance then ask them if what their vote worth. I cant wait Nov. to cast my first vote in life to all Democrat even so I do not agree om everything.
Scott
Scott u are a moron educate your self before u talk these 2 wars by your president bush made this country poor Obama is trying to fix the economy while people like u object about everything
Hey, Scott you have heard-You and others that are anti Obama which is your choice are going to be very disappointed 11/12-well GOD has blessed America with 4yrs more with Barack Obama as Commander-in-Chief-No weapons that is formed against President Obama will ever prosper-2012 is the yr of jubilation/equality for everyone that pay taxes-GOD continues to reverse all harm that is meant towards the President and blesses him and guides him to be successful as Commander-in-Chief of USA.
Hey scott your comment hold no water , I know three famlies who are hard working people who got into trouble with their motogage because their property taxes(town property taxes for a new school) increased by $7000(PA) a year. It was not because they purchase to much house or they could not affort the house it was the new taxes and the level they push the new taxes. But to get back to my point they (3) applied to President Obama programs and was accepted and is doing just fine and still live(4years under the program) into their home that they purchase over 12 years ago. In the future scott ckeck your information before your made such a statement about the President because it made you look like a dumb ass who have no clue what you talking about. The President is doing something to improve the middle-class life instead of sitting on his ass mading statements "let them go into foreclosure and then we can kick them out and put renter into the home"/Mitt Romney.
hey Scott, I need to let you in on a little some....since you obviously are not the sharpest pen in the box, ...But you don't pay enough in taxes to actually tell the president nor the rest of the country, how to spend your meager amount of tax dollars. My guess is when Dubya was blowing through the surplus, and right into plunging this country into what is now about $4 trillion worth of debt, you were as silent as a church mouse peeing on cotton....am I right? That money was spent on re-building Iraq, giving money to their citizens for shredding their country on a personal vindetta. Also, about 1/2 went for trying to stabilize Afghanistan, after your hero, cowboy George, let Osama Bin Laden slip in to Pakistan for safe haven at his mansion/getway. Hey Scott ...that's where your tax dollars are going cause those two adventures...weren't budgeted...duh!!! Were you outside the Dubya's Crawford ranch complaining about giving money to the Iraqi people and the Afghan people? of course not! But now President Obama wants to help your fellow americans...you have a problem with your tax dollars being spent for that purpose???? In that context, you would have to be both un-american and patently stupid.
Scott-Did you ask the corrupted admin-why there was so much waste with tax payers money for 8yrs? Did you ask the former president and his cronies why so many Americans lives were taken in a war that could have been prevented? D
id you ever demand that former president wanna be to make tax equal for all?
Bush raised the Debt limit 7 times in 8 years, Obama has raised it 5 times in 3 years. Obama bad for this country, bad for America.
you realize that the great recession is the biggest reason for all the debt. Go tell so more to idiots that don't know whats going on around them.
Yes Bush raised the debt ceiling 7 times in 8 yrs. He had no bussiness with raising the debt ceiling. He was left a surplus by Clinton. He reduced it to zero in 4 yrs then raised the dbet ceiling 7 times in his next 4 yrs. If he had been prudent, there was no reason to borrow money at all; not to talk of raising the ceiling. Obama has slowed down the rate of the debt; that is a miracle considering where the country was headed before he took office.
Bush went from a surplus to a deficit, 2 wars unfounded, prescrpition drug legislation unfunded – you republicans are idiots guess thats why you Mewt running for your new master
Another tea bagger throwing out Fox News false propaganda one liners, do you really think anyone besides your own brainwashed uneducated bunch will take you even remotely seriously? Please stop posting your moronic filth and let the adults discuss this one, another words please go back to fox news where they'll hollar and applaud you as the hero. Don't you like it over there, what are you even doing here? Arn't you scared you might actually learn something, it's CNN, communist news network and all that BS you hillbilly's love to spew..
The tea baggers are scrambling, sounds like they're wondering what happened to their lime-light. It's gone and good riddance, because of them we lost our good credit rating.
Scott –
The Debt Ceiling Limit was raised 87 times since the end of WWII. Plus, I can guarantee you never heard of a Debt Ceiling Limit until Fox News tried to blame it all on the current administration.
Hey Scott, Your hero Bush, "Put a horrible,unnessary 1 Trillion dollar war in Iraq on your Credit Card Dude???? How do ya like them apples??? LOL
Hey Scott-do you need a class on how not to ignorant?
It is so sad that a few non-thinkers like you get just enough information to really show that you don't understand squat.....Ok quick lesson in Civics/Poli-Sci. The president DOES NOT control the spending, that would be congress. That said, Bush came in with a surplus. So the United States credit credit card had credit available. But your hero, cut taxes and launch two wars, without funding any of it. Thus, even though we had a credit Dubya had to raise the debt ceiling. ...Now, this is where it get's a little more complex and tricky for you Faux News mouth breathers....Obama came with the economy near collapsing into a 2nd great depression. Therefore to save it president used Keynesian spending to drive demand and keep some americans employed (i.e. the stimulus act, bailout of the auto industry), The debt that Bush accumulated, Obama is now presiding over. Again for you not so smart people...the $4 trillion that Bush ran up on the debt WAS APPROVED BY THE PREVIOUS CONGRESS AND HAD TO BE PAID....but now the credit card is maxed out, meaning that Obama had to request the raising of the debt ceiling to pay for the ALREADY Congress APPROVED / ACCUMULATED DEBT FROM HIS PREDECESSOR ...G.W. Bush. If you don't pay your debts, you lose your credit rating and money gets more expensive to borrow – right? So Obama did what any responsible President would do; asked congress to approve a raising of the ceiling so we could pay THE DEBTS ALREADY PREVIOUSLY ACCUMULATED. If Obama was only paying for what he spent, $1.5 Trillion, he wouldn't have needed the debt ceiling raised.
Ok...now go back to your basement,find your binky and lay down, sport...let people that know what they're talking about do the posting, while you actually learn what it is you are talking about – OK????
Its a shame all you liberals were braniwashed by Obama. OF course you believe what CNN says. Makes no difference Romney will be the President in 2012. Oh in case you care i am no fan of Bush, I am an independent and voted for Obama in 2008. Biggest mistake of my life. Before you liberals talk trash like a bunch of radical morons fact check your stuff.
Just like his so called green plicies epic fail, Now Tracie go back to your hole in the wall and play with your dolls and . and opo your binky back into your mouth.
why doesnt anyone ask obaham about the Georgia Eligibility Ruling?
Stop changing your name Scott. You're not fooling anyone.
aclearcutsign on August 30, 2011 I like that I can boucne back (maybe not quickly, but definitely in a short time) from bad situations. My bf and I broke up after 7.5 years, and while i was so devastated, my mindset now has been more about taking this opportunity for new beginnings and that excites me and usually gets me out of my funk.
Let's see considering the Occupy Wallstreet vmneoemt is being backed and recieving supplies and manpower from the American Nazi party and the Communist Party of America No. I will not support the Occupy Wallstreet Movement. Let's see, considering the Occupy Oakland vmneoemt has commited to blocking the port there leading to resource logistics being hindered for various businesses which now threaten to have forloughs on employed workers with days without pay No. I will not support the Occupy Oakland vmneoemt for hurting people's jobs dependent on resources being transported out of Oakland's port hubs. Let's see, the Democrat party is bankrolled by a large group of Wallstreet firms and donors. The Occupy Wallstreet vmneoemt has been nudged to aggressively assault various Wallstreet groups that did not back the Democrats with money donations in 2010 or 2008. This is the same Democrat party who claimed that the T.E.A. Party was a racist, homophobic and violent group since its formation in 2009. So no, I will not support a violent and bloody group that is the Occupy Wallstreet that has a current running track of racism, anti-jewish, violent, drug consumption, aggressive people who violate City ordances for obtaining Rally permits for their sessions and disobey City Law by attacking police and various citizens and residents (aka blood and urine being thrown at food vendors in most recent stance of protest )Reply
He was elected the President 3 years ago. Grow up. Get over it.
Because not everybody is a teabagger, nor does evrybody support the teabaggers.
Because Federal Law says sitting Presidents DO NOT HAVE TO until they are out of office. Now, come 2016, let's talk.
Because it's one of the most idiotic things I've ever heard. The Supreme Court has already refused to accept challenges to Obama's citizenship on the basis that there is NO valid evidence that he is not a citizen. Now, some redneck judge in Georgia decides that his opinion is more important that that of the Supreme Court. Let's see how far this goes, other than proving how stupid even some judges are.
Boehner's ideas are to do nothing to help anyone because it may involve a slight cost to his sponsors in the Financial community. You know, the ones who perpetrated the Housing collapse in the first place. He's a horror show and will give the gavel back to Speaker Pelosi in November.
I'm not sure my heart could take the shock of the Republican party ever said "Yes, good idea...let's give it a try" when the Democrats proposed something!!.....In fact, I don't think in three to four years we have EVER heard this said .!!! ...........BY THE WAY..........."SCOTT" NEEDS TO DO A LITTLE READING AND LESS TALKING!!!!
Yes it's a dumb article. What did people expect Boehner to say? Yes this is a great idea the president has proposed! He has the support of congress!
Have you ever heard of disagreeing with someones policies Norma? The Dems did it all the time when Bush was in office. In 1995 after the Republicans took controll of Congress, Bill Clinton turned on a dime and decided he had to compromise where he had to and fight where he could in order to get re-elected. There were big fights but by working with the republicans he got re-elected and wound up presiding over a good economy in his second term. Obama has not shown any such tendancies and we are experiencing the fall out of a horrible recovery helped by Obama's failed policies and no real improvement in sight. President Obama is failing us therefore he will not be re-elected.
Nov. 6 can't come fast enough.
Please go and read, election is not Nov 6. google first. is that what FOX news is telling you?
Wasn't allowing homeowners/purchasers to finance above 100% one of the major contributors to the housing bubble to begin with?
turning forclosed home into rental properties–wasn't that another factor (individuals buying up real estate as rentals and then not being able to make ends meet later)?
Oh, I get it...this is a Government solution, so it must work.
This govt solution, as you label it, is for the responsible homeowners who qualified for their loans and made their payments on time every month....on one home (the one they live in) not some flippers quest. The housing bubble caused the value of their home to be way less than what they owe on their mortgage. They did nothing to cause the bubble but are paying the price for others stupidity. Banks refuse to approve refinancing homes for these people. The GOP's idea of letting the market clear out will only make the situation worse for these people. Got a better idea than what the president has proposed?
"They did nothing to cause the bubble but are paying the price for others stupidity."
This sentiment baffles me. "They" clearly contributed to the bubble since they bought a house. And I think you could very easily say the stupidity is theirs as well, as they decided to invest in real estate when prices had been increasing at absurd rates. "They" made a terrible investment. This is not my fault, and I am confused why I should bail them out. I have owned many stocks that have gone down in value over the years - where's my bailout for making a bad investment?
KatR:
Let's start with this paragraph:
Specifically, the president is calling on Congress to pass legislation mandating banks allow homeowners to refinance even if their current home value has fallen below what they owe on their mortgage. Currently, most banks do not permit so-called underwater homeowners to refinance, even if there is a history of good credit and timely payments.
and point out that most of the "mandated" 125% LTV mortages were FHA/Fannie/Freddie products during the "housing bubble."
To coddify that Obama gave us Housing bail out #1 and 2 (and maybe 3...) to which
“I’ll be honest – the programs that we put forward haven’t worked at the scale that we hoped,” Obama said. “Not as many people have taken advantage of it as we wanted.”
Why weren't "responsible" homeowners the original targets for the gov't bailout? Why was it first all those who were already in forclosure?
But THIS TIME it's going to work??? And guess who gets left holding the bag (again). Joe taxpayer.
I'll give you some insight KatR...if you force banks to so-called comply with this, it will still wash itself out in the markets. If a bank has to refinance a high risk loan (over 100% LTV), at a lower rate, it's new homebuyer rate is going to go up to compensate for the portfolio risk. They can no longer package that risk (thankfully). So you are going to push new home sale prices down to compensate for the higher interest rates, keeping house prices suppressed for much longer.
Some things to remember about gov't–
1. They are the only entity we entrust to solve the very problems they created
2. They do nothing with their own money...everything they financially back from money siphoned out of the economy and their overhead is taken out first.
3. Gov't departments are rewarded for SPENDING money, no matter how friviously. Any savings by a department goes to the coffers of another department rather than refunded to the taxpayers, and the dept that saved it is then forced to meet it's lowered budget the following years–NO incentive for increased effeciency.
4. If an employee feels their employer is making too much more than they are and decides to take a little extra off the top, they go to prison...if the gov't does it and calls it tax, they ask for re-election
5. If a company is corrupt, they go out of business as we take our purchasing power elsewhere, a corrupt gov't threatens you with prison if you don't comply with their forced payments for use.
Gov't does have some useful functions, to be sure, but as either Thomas Jefferson or Benjamin Franklin said, a gov't should not be involved in affairs that are more efficiently handled in the private market. The buying, selling, and financing of personal property certainly falls in the latter category.
I guess you republicans just want someone that will make programs and give help to those that are rich and have power. Or worse a president that will do nothing at all. Are you not reading the same article? Congress just wants to let us fall and then push aside the remains. Oh well in the end people with the same mind set as Obama are the majority 99% and there will be riots if a rethug wins which only would indicate fraud to win the presidency.
The main problem in the economy is not jobs. It's housing, especially the new rules affecting appraisals of homes. It's become a death spiral. John Boener, the market has been "cleared" for quite a while. What's happening now is most mortgages are under water because of unrealistically low appraisals; a situation the fed govt could fix for little or no cost. Restore confidence in home values and the market will correct itself. Many appraisals ae below replacement cost. The current government a nd bank policies are just fueling the apartment boom at the expense of homeowners and would be homeowners.
I cannot stand Boehner, he is a crybaby, hippocrit and just in general, a terrible person. It really hurts me to say that I have to agree with him on this one. NO more programs, let the chips fall where they may. I am still going to vote for Obama even though I dont care for a lot of his actions, but he is the lesser of the evils.
Wow,good post. I agree with you about letting the chips fall because it will quickly stabalize the markets and allow it to rebound naturally. Withouit calling anyone names, more Govt programs to fix old failed Govt programs is no way to solve problems. And, taxing the "Large Banks" to pay for this will only make it worse.
You could have agreed with Boener without calling him names and still express that you will vote for Obama. That would seperate from most idiotic people who post on these sites.
Cigarman:
Out of curiosity, if you don't much care for Obama, but he's "the lesser of two evils," who, in your mind, would be a good candidate? Obviously none of the GOP candidates float your boat, so what are you looking for? Serious question, as I think a lot of Americans have a similar sentiment, and I'd like to know what others are looking for these days as it seems "lesser of two evils" is paving the slow path to H3ll.
BTW, to give you an idea of my personal idea of who I'd like to see (but probably never will) would be the likes of a General Powell or Petraeus. We need leadership back in the whitehouse, not these continued politicians.
Emily I am in the green group right? I have two emails besuace when I first registered I picked the wrong one blue . I visited Sam's sight seriously you two are so amazing. I can't wait to have my printer working so I can print off some worsheets. love shelby
I just wnder if president gets second term are the repiblicans still going to fight everything the president tries to do. They cant say then the want to make him a one term presidetn.
I had the same thought. Since they have been trying everything to prevent the recovery to try to get him defeated, would they still do it when he can't run again? My guess is they will still be obstructionists to try to help get a GOP president after Obama. It is truly sickning how much politics have taken over for good sense. Boehner needs to get a big boil on his butt every time he opens his evil mouth.
The democrates are taking over the House and Senate too! Repubs won,t be able to stop the President!! Go Elizabeth Warren!!! Obama-Biden 2012! Clinton-Warren 2016!! Thats what its all about! No more Gop!
HEY BOEHNER: "LAND OF THE LOST" CALLED. THEY'RE MISSING A SLEESTAK SO THEY WANT YOU BACK ON THE SET.
Preventing homeowners from saving their homes would benefit the GOP. Thus, GOP obstructionist strategy of could allow them to shift blame for a struggling economy on President Obama and the Democrats, given then a good chance to retake the White House. Their calculus, however, remains a risky strategy, because if the Democrats can validate their obstructionism the effect on their Party will not be inconsequential.
It is clear, however, that government support for homeowners in distress will augment the property value of all homeowners. The Great Recession adversely affected the balance sheets of many Americans; therefore, it is unlikely that without assistance and aggressive expansion of credit the housing market will clear in the near future. Boehner and Romney are day dreaming if they think that the housing market will clear in the absence of demand.
I think the big question on peoples minds is how does Boehner get the pronunciation "Bainer" out of his name's spelling?
What I can't believe that John Boehner and the Republican don't like something President Obama want to pass. Like this Is the first time. John Boehner either say that President Isn't doing anything and than when He does do something he all way Complain about It and Refuse to do anything about It. He has no plan to work with the President on anything at all.It just a lot more of the do NOTHING CONGRESS lead by this IDIOT.
I hope Obama learned his lesson about Boehner after the debt ceiling debacle. The two of them were "this close" to a compromise deal when the TP made Boehner back out. After that, he lost what little credibility he had with me. It was clear that he had no real interest in helping our country recover.
Maybe the President should initiate a bill to increase democrats salaries $1.000 per year every time the Republican Congress just says no.
Let the foreclosures runs its course – wouldn't that mean who knows how many more homes on the market, further driving down the prices on homes which are already underwater, folks not being able to sale their homes without incurring a tremendous loss (thereby preventing them from putting a down payment on another home), having rental properties charge $1500 for a one bedroom apartment/condo/whatever. Who can afford that making $8/hour? I'm just not sure how that is a good thing. Why not work with people so they can keep their homes especially if they have a history of good credit. It is not their fault their homes are underwater. And good luck trying to get a bank to take care of the foreclosed homes they own-they let it sit there and rot further deteriorating communities. And why not charge a fee on the too-big-to fail banks, maybe then they wouldn't be so reckless. They have done nothing to help in the foreclosure crisis, which they help cause. As usual, it is the middle class that has to suffer. AND I am so tired of hearing Republicans say no, no, no.
The problem with the government banking programs out there right now are the banks aren't informing us about them. Did you know that in the stimulus package that bailed out the banks are clauses where they are to give us 5 options (you can mix the options if needed) and help us out of foreclosure. NO. I didn't either. when you call a bank do they offer you assistance and give you all the information. NO. Obama made it very clear he would not bail them out without protecting the citizens... they still have hidden the choices from us. Now, we have the protection when he appointed Condray as the House has been on a 2 year vacation. The only time Boehner shows up is cause fights and then he goes back on vacation... nothing gets done. I think they all should be removed from office. Republican voting straight Dem ticket 2012.
Sooo.... nothing is going to work and we should just stop trying? Just wait for it to hit bottom? Great plan.
Yes, apparently doing nothing IS the new plan for some members of our Congress.
And Boner demands Obama to work together with him and the Congress?!
Boner and the Congress is never going to work together with Obama!
Boehner is horrible. He's "led" the House to the lowest Congressional approval rating in US history (now less popular than the BP oil spill and al Qaeda!). The only good thing about him is that he's helping Obama get reelected with his petulance, incompetence and pathological anti-American partisanship. Otherwise he sucks.
Apparently Ebeneezer Boehner didn't listen to the "99" ghosts of Christmas present. "Let em lose their homes and decrease the surplus ownership population." We're not talking about "the deadbeats of sub-prime" any more, so he doesn't have that excuse. The crisis is well into "A" paper affecting people who are and will continue to be good credit risks.
I"m voting for Obama because I like getting things for free. Who needs work?
Ladies and Gentlemen – I present to you the Republican Low Information Base
Hey Lefty!! Right winger zealot, "We got ya"!!! Go get your Ged, it,s easy man, Try it?? What a Man!!!!!!
What are you taking about? I seriously doubt you make more than $250,000 a year, so you have been duped by propaganda into voting against your own interests. If you are middle class, you'd be an idiot to vote Republican. Wake up.
LoL! If you don't understand the program, how can you criticize it? Simply refinancing homes at much lower rates will free up real cash for homeowners. That cash will be spent on other things, hence a faster economic recovery. What the heck is wrong with that? LoL! C'mon folks.
I'll tell you why its a bad idea. The program will cost 10 to 15 billion that Obama wants to pass it on (tax) to a select group of "Big" banks". So the banks will have increased costs to pass on to us and they will be forced to take on increased risk, again passing the costs or making fewer loans. President Obama is pandering big time. The stimulative effect will be short lived and not as big as he suggests. Most people will try to pay down the motgages instead of spending in other areas because they are still under water. It will prolong the time when the housing market will rebound. New Govt programs to punish banks and pander to voters and has NO chance of passing congress is no way to govern. Govt does not create prosperity, our free market capitalist system with less Govt intervention is all we need grow our way out of the problems we have. Its time to give someone else a chance to lead, 4 years of the Dems is enough.
Nov 6 can't come fast enough
Surprise! Boehner says bad idea. Really, how is this news? If he would have suggested that Congress might work together on this, now that would be a surprise and real news. Maybe Mr. Boehner needs to go out and recheck the polls. Last time I looked, citizens were not thinking highly of Congress.
I can't believe they come out and straight say to let the foreclosure go through, really? I am thinking he would feel differently if it was his home. I use to be republican and I have to say that if those middle income people like me and those with lower incomes would start listing to what these people are really saying instead of the crap Fox throws at them or the stuff they get from their friends and family falsely claim ing it's the truth when forwarding an email that takes about a whole second to look up to see its bull, they wouldn't get but 1% percent of the vote. The ultra rich.
surprise! surprise! where's Boehner's recall!?
What a great website! I just want to make sure I'm neadirg the chart correctly so I sign up for the right color. I am in Greenville/Spartanburg area of SC. I believe I am in the Green which would be May 6th??
The problem GOP voters have is that they are blinded by the president's skin color that they have forgotten to question Rick Santorum's natural born status since i mean his parents were immigrants when he was born.
"Boehner knocks Obama’s new BLAH-BLAH-BLAH proposal" - No! Seriously? What a surprise!
“None of these programs have worked and I don't know why anyone would think that this next idea's going to work and all they've done is delay the clearing of the market. “.....Well, I guess we should just give up, right John?? Lord knows you weren't electted to try and find solutions to problems....
Boehner's proposal to let banks foreclose so we can see where housing prices have landed is heartless. Would he recommend delaying help to the victims of the Katrina disaster until we are sure another hurricane isn't on the way? This man isn't a problem-solver - he's a pessimistic bureaucrat who has forgotten who he works for.
THIS AINT BEAN BAG!
We've listening to this fool for years. Nothing that comes out of his mouth makes any sense. His tired refrain, cut taxes for the rich, get rid of regulations, start another war, end Medicare, kill health care reform, blah, blah, blah.
The GOP = GREEDY OPPOSITION PARTY's clown car is full of these corporate lackeys.
What really cheeses me is that the politicians offer up rebuttals BEFORE the statements by the President!
Boehner here, the response to the SOTU address, so many times They didn't even watch it or wait for it to happen before they have drawn their negative obstructionist position. The SOTU response was so off base, it didn't even address President Obama's speech.
Can't wait for November, sweep Boehner, McConnell, Cantor out, out, OUT!
Lets’ kick those struggling kids and families to the curb. They can live off the streets. They don’t deserve a home. That’s the implication of what Boehner is saying.
Well middle class Republican families who are struggling to stay in your homes (I am sure there are lots of you out there), you need to decide if to vote for a Party whose policies will get you no help and ultimately get you kicked out of your home. To me, it’s a simple decision. If you still decide to vote Republican, you have no one to blame but yourself. You will get no sympathy from me because by voting Republican, you agree to be kicked out of your home. You have a choice so choose wisely.
More heart-wrenching but false testimony from a liberal. Just because you lose your home does not make you homeless, in most cases it makes you a RENTER. But maybe my definition of homeless isn't as socialist as yours.
What about those people that lost your job and don't have money to pay rent. I guess you would call those people millionaires. For people like you, the only way you can understand empathy is to live in those people shoe. I hope you lose your job and get kicked out of your house or apartment. We will talk then.
What about the people who lost both their home AND their job? You imply they should rent a place to live. Where will they get the money to do that w/o a job?
Well KatR, let's see, there is 99 weeks of unemployment benefits now (2 years basically), welfare, Section 8 and other subsidized (read tax payer funded), family, friends, etc, etc, etc. that will put a roof over the heads of the vast majority of these people and food in their bellies. Not to mention personal savings...oh, no that's right, they have none because their "rides" and big screen tv's and $100 shoes and $400 cell phones with $200 monthly charges were more important to them.
I challenge you to go to a section 8 housing project and see what the value of some of the vehicles are, how many have cable/satelite walking around with iphones. We are not subisdizing their housing, we are subsidizing these extravigances. At no time should your phone bills or car payments exceed the amount of your housing if you are on the taxpayer's dime.
I know for some these "conditions" are not ideal, but for those who are industrious it's temporary. Eliminate the fleecing of these programs, rather than encouraging it, and you'll have more than enough money to help those who truly need it.
So, as I said before, this bleeding heart liberal lie (or at best, half-truth) of "homelessness" has to be called to task.
Well Dave, I'm sorry you feel that way. Personally I do understand empathy, "homelessness" jobless, etc. as our home has been a revolving door for many family and friends who have run on tough times. We've opened our pockets to the same to help them get on their feet. And you know what? Those who have the gumption to do have, those who don't, continue to struggle, and have been cut from the teet.
My hope is that those who struggle, but have the gumption get the help they need and find jobs and the ability to buy a home (again). The help these indiviuals/families should be receiving is being siphoned from those who play the system.
Of course, it's telling that you wish misfortune on the successful rather than opportunity for the downtrodden.
Why ... why ... why... is there ALWAYS a follow up from Boehner knocking every single plan that the President proposes? Why?
How about he's a racist pig for 1 thing.
Actually it appears by your comments that you are the racist.
Mr. Boehner, I would be willing to bet my salary against yours that putting $3000 dollars a year into the pockets of middle class Americans will help the economy (and the deficit) more than any of your tax cuts will. It will even help more than laying off thousands of government employees!
Obviously most of the bloggers here are part of the liberal entitlement generation that thinks that they shouldn't have to take responsibility for their decisions and financial states and that the government and the rest of the American taxpayers somehow owe it to them to finance their house payments, write off their debt, freeby after freeby, etc., etc., get rid of Obummer and let the nations economy correct itself without government interference and these struggling families will have a better chance at moving forward. Some people will need special assistance, some will get hurt, but the nation will turn around.
@Howard and Truth,your Repub candidates and Bonehead are so out to lunch,ideas like let the housing market tank ,typical response from Mittins.Then you big corporations buy them after everyone is THROWN OUT at pennies on the dollar,then back banks who screwed people in the first place to finance them.What an original concept,banks in next door to 7-11s and Subways,real promising..POTUS and his wife can do what they want,my memory serves me Newty and his 1/2 million dollar credit line at jewlery stores,multimillion dollar homes all over the world,multiple secret accounts worldwide..Get off your high horses Beavis and Butthead,you anal retentives watching FOX again , do some READING,RESEARCH,your sounding real stupid AS USUAL....
Aw Humm,
I seem to remember that Lawyer translating the facts to me when we bought a house some time ago. YOU DON'T PAY, YOU DON'T STAY. But some people still buy that Obama Big Liberal Snake Oil. So be it.
I can only imagine how devastating it would be to lose my home. I can only imagine because we skrimped & saved for years to make our downpayment on a small, but adequate home. During the good years, we saved and invested our money to prepare for "rainy days". Well, the "rainy days" are here. I'm getting tired of being asked to bail out people for "sef-inflicted injuries." Why should we, yet again, be asked to bailout people who failed to live within their means?
...well, if you consider we essentially gave the Afghan and Iraqi people $4 trillion dollars for the mess we made of their country...on a chinese credit card no less....is it such a bad idea to help out fellow americans? Also, if your neighbor is foreclosed, your house loses value...so it really doesn't matter if you want to be selfish about it and say you did the right thing and you don't want to help bail out someone that made a bad decision. You can pay to bail them out through taxes over a longer period of time for less money, or lose the value on your home which means tens of thousands right away...But you will be losing something.
People really need to put pressure on these congressional "Puppets". I make my house payments now, but it would be very helpful if I could get into a 4% loan. I guess I should do something more meaningful, like become a" lobiest" or run for "congress" or something.
It is time that both the cnrtouies America and China built into blue sheet of power that is of the merger of two lands into one with the separating lines clearly defined where governance of the two cnrtouies sees itself into one for global peace basically with understanding first that is of subtle friendship for sharing common interests as President Hu has indicated.Individual cultures do offer ways to adopt at the same goal where perceptions land based or regional of nature come in for minds to agree or agree to disagree and that is where President Obama has meant to convey ?spirit of cooperation that is also friendly competition?. Obviously his well guarded statement refers to the shortcomings that are meant to be screened for transcendence of its gross formulations that time had provided for all growing nations of the world in the past.Anything perceptibly good offers change as the Lady Michelle Obama has come to highlight on the sidelines and hopefully it should satisfy the esteemed guest of America on America?s move with a change ?defining gesture?.Frankly speaking Higher Nature of life has brought through its Live play over life in the past the Higher Power of gradual evolution that had earlier at the unconscious level of lower life in the past had acted to absorb or arrest the gross of lower life in governance for giving its lower nature of lower life a governing platform as ground that now stands of its unconscious state of Higher Power for the governing heads of lands to absorb with change and that change should be considered inherently by all the wise as new light for life with a beginning.This concludes the essence of my comment for both the host and the guest with all greetings of perceptions through the Higher Power.Ravi.
I can't even believe Boehner thinks it is better for people to wait for the "market" to level out so "we understand where the prices really are". That is pure nonsense. We have been waiting far too long!!! It is unfair to ask us to wait any further. We are hurting out here!! We need help!! Many of us got our mortgages when we could afford them, and many of us still can afford our homes but barely. We make our payments faithfully EVERY SINGLE MONTH, even though we know we are being ripped off by these banks that refuse to refinance us because our homes have gone underwater through no fault of our own!! It is just not fair and for the speaker to say we just wait until the markets decide on whats going on is ridiculous. He is so out of touch with what we really need. He doesn't get it and frankly I don't think Congress does either! I pray to God they will look beyond their noses and pass this bill, we need it!! I thank God that I can still make my payments but that is because I am still working, there are many people who are not working, who have lost their jobs and their houses are underwater and they are not able to make their payments. Mr. Boehner please open your eyes!!!
“I refuse to accept that, and so do the American people.” Just one question: Since when does this president give a hoot about the opinions of the America people?
He's been going at IT "solo" for so long he is delusional. He's really NOT counting on Democratic or Republican legislators to support his moronic agenda. Besides vacationing, traveling all over the world and golfing; where has he been for the last 3+ years?
Now that the 2012 election is around the corner, he wants to appear to be doing something constructive and that he cares about what we Americans think.
America,dont be fooled, AGAIN!!!
"Obviously most of the bloggers here are part of the liberal entitlement generation that thinks that they shouldn't have to take responsibility for their decisions and financial states" – from Gee
Such statements show the depth of the utter ignorance among some Americans: 1) the PUBLIC did not cause the housing mortgage debacle (deregulation started, encouraged and promoted it); 2) the concept helps ONLY homeowners who have been "making" their payments ON TIME.
Geez....Gee and others of a similar ignorant slant often ignore the facts when spewing their "parrot-like" regurgitations of "party" (neo-cons, of whom most are card-carrying KKK members) rhetoric. They need to get a life...and a clue...and stop being the biggest part of USA's problems.
Soon-to-be House minority John Boehner. I'm so assured that you do NOT remember "trying this before"..................................... because, if you were correct then you would remember that Congress voted in 2007 (September) to help homeowners, got the vote passed then G.W. Bushit administrations said that they weren't "going to do it that way" instead they decided to bail out banks believing that would help homeowners. I will be sooooooooooooooooooooooooooo happy when they (the American people) FIRE this wicked LIER.
Of course the republicans don't want to help the people they should be serving. It's more profitable to screw them over, then kick them out of there house and then sell it to there venture capitalest friends for deflated prices.
This is not news. If a Republican actually said something nice or thoughtful or true about President Obama, that would be news. Second, nobody cares what Boehner thinks. And why do you only take comments from the hysterical Right about Obama? I have yet to see you ask Democrats what they think of the neo-Racist Right and their pandering to crazies. I am sure there are a lot of Democrats, beside Nancy Pelosi, who would like to tell what they think of the Republican Candidates. I think you are trying to help the GOP stay alive, but the crazier and meaner their tone gets, the more people will move away from them.
NEWS FLASH! Most Americans care nothing about what obama says...they have had it with his slick stiff marxist diatribe.
Since you really could never speak for "most American's" it might be better for you (at least you wont appear so darn ignorent) to say "........most non educated American don't care". Really dude!
Wow, Maxist... This is what is wrong with your the GOP. Helping Americans and governing through democracy, is not Marxist. Doing nothing to help people is unethical, and that is what the Republicans are. I really wish republicans would dial down the hysteria over having a Mixed Race President and think logically for a moment. You really are showing the world how backwards, uneducated and ugly the Republican brand of politics is today.
America has been through many many real-estate ups and downs, interest rate fluctuations too. We don't need for the govt to rip off the taxpayer to pay for votes!
The CBO came out yesterday with the numbers folks. 10% real unemployment and the economy will not per for well for at least 6 more years. The recession ended June 2009. The higher tax rates (are coming) and will further damage the economy as will the heavy govt debt. Home prices are continuing to fall also.
obama is trying very hard to make you feel as though he has answers...however, he had fumbled the ball and created much of this mess. The only hope we have for property in the future is JOBS in the private sector. You can't expect a career politician/community organizer to know how to help business create jobs...obama has proven HE IS ANTI BUSINESS unless you are a govt favored industry (green)... We need ADULT LEADERSHIP.. NObama 2012!
sorry about the typos... hahaha
Don't worry about the typo it's least of your problem. You need to get your head fixed up and stop watching FUX news channel.
"adult leadership" like GW Bushit.........................who lead you and the entire World to the gateway of H.E.hockiepuck hockiepuk and from the sounds of things you were right at home with all that fire and brimstone. WTHE dude!
gow up black man...and act like a man...please.
jerrylax's post is filled with the facts presented to us by the CBO and you people respond with name calling, blaming Bush and blaming "FUX" news for telling the truth about our current situation. Beautifull.
With all due respect, President Obama and the Dems in congress have made things worse with their policies. I know he inherited it, and it would have been a catastrophy if "Nothing were done" but something would have been done. Just not what Nancy Pelosi, Harry Reid and President Obama have done. The rep congress and the candidates have all proposed plans to take us out of our longterm problems. You may not agree with them but what is President Obama's plan, or a budget from the senate spelling out what Harry Reid and the Dems longterm solutions? They have not passed a budget in almost 3 years. There is no leadership from the Dems, only more Govt.
I just love it when these morons ditz Fox news. I have to go europe and middleeastern sites to get news that none of the domestic sources provide. Fox just happend to report many stories the others won't. Fox is not at all fair and balanced...but they are much better in that regard than the others...unless of course you a far left wing crazy that don't mind having your brainwashed by the media.
If you wish to learn to think for yourself you have got to quit allowing the media to feed and manipulate you...along with the politicians.. there is hope if you get up off your hind ends and learn to think for yourself. Here is an example: obamas mortgage talk today...many of you have no idea how stupid this was..none! Your so illiterate and inclined to go with your feel good feelings that all this guy has to do is tell you what you want to hear...even if it is an impossible lie...obama already did this mortgage thing he is propossing and it failed, home ownership numbers are the lowest it has been for 70 years(CBO report)...so wake up!
John Boehner is the worst politician in Washington today and thats hard to be. He won't bring a vote on anything that actually benefits the American people, especially the 99%. How the people in Ohio ever elected this arrogant, love the face in the mirror, pompas jerk is a question that needs to be answered. If he is re-elected the voters in Ohio should have their heads examined by the little green men he and Newt want to befriend up on the moon or Mars.
you are correct, because john boehner havn't okay anything in the last soon to be 4 year's because he has been trying to complete rehah.
The wars bush put on were nessessary but expensive but just more friggin housing programs dont help at all. they just spend more money they dont have. i didnt get a penny of help from the dems when i lost my house in 2010. although i think boner is wrong letting people lose their homes sucks. What they need to do is make the banks let them refinance but they shouldnt waste billions of dollars for a good for nothing stimulus like no-bama already did.
Looks like a nerve was hit on the lefties, they're out in full force here today. Name calling and spreading hate, the very same things they accuse others of doing.
Thats what the left always does, and the liberal media never calls them on it. The Dems are already calling Romney a smear artist because of his attacks on Newt. Just wait for the BILLION $ smear campaign coming in the general election. The dems are going to pull out all stops.
There are some "repeat commenters" on here that blow my mind. They obviously don't know how to fact check-you really should learn! Bonehead has let the t'baggers ruin what was left of his career. Guess we should thank them!!
Not sure I fully understand the reasoning behind letting people lose their home. Economics wasn't my favorite subject!
Growing up in the South I learned at an early age what racism looks like-I see it in a lot of posts. I hope to live long enough to see it end. Our president is working very hard and doesn't deserve the disrespect he is receiving.
OBAMA/BIDEN 2012/ WARREN-SOON
You apparently can't say anything wrong or negative about this current president because you will be labeled a racist. Common that's actually embarrassing when people use that card. This "poor me" attitude is typical of liberals,
I've finally figured it out! The right wing thinks that if they keep bashing us with tea bags, eventually we'll get so beaten down we'll be as stupid as they are! Well, I have some bad news for them, it ain't going to happen.
Those who keep blaming Bush for today's dilemma need to stop. Obama created the stagnatation of today by trying to use a half decent monetary policy then colliding it up against his slam through mandates and out of touch policies. It was Obama that went to Bush in December of 2008n and begged Bush to release stimulus money before he took office so it wouldn't all show on his tenure. Bush wasn't great but at least the misery index was lower than it is now. Obama preaches, never teaches. He points his fingers at everyone but himself. If he wasn't so narrow minded and unwilling to broaden his advisory team he'd realize that just because he has let himself be brainwashed his whole life and tries to rule under the Jeremiah Wright philosophy, it just doesn't blend with what is real. The man cannot control himself and that's a pity. Yes, we are suppose to spend in America the tax revenue we collect. But going after those who are no burden to society and pay millions into society's collection system just pushes them away from here, not closer. Crap if I paid 8into the federal tax system the millions Romney did, I'd be demanding to allocate my way not the government's way. And that should be a law. You wanna go after the millionaires, let them tell YOU the government how they want their millions used in America. That's fair. If you love Obama, good for you. I'm sure you must have your reasons. If you really believe the heart and soul of our country is full of goodwill and warmth and things feel better, great for you. But I think he has created chaos, trouble, and ill will both here and abroad. And I am very glad there are some people in our government who represent my views and will do whatever it takes to stop this President from tryng to slam through any nmore of his radical poisonous tactics.
I know by the way you are posting that you are trying to avoid any conflict, but I MUST point out that your views are corrupt because you refuse to hold accountable those who in fact are a burdon to society. Yes wealthy people pay a higher sum in their taxes than average citizen. But is it so wrong to ask them to give up the SAME percentage of their gains as the average workers? This isnt punishment (as so many narrow minded people see it), it's just being fair. If you cannot comprehend what Im saying, then I truly feel bad for you; you do not represent the rest of our country (not even close to half).
Watching Mitt say "the poor people are fine, they have a safety net" really saddens me to see how out of touch he is with them–it is definitely not okay to be poor and struggling.
Hearing John Boner say "let the chips fall" referring to the people struggling to hold on to their houses also saddens me. It shows what true division really is.
If these two refuse to help citizens, then what are we paying them for?
They are getting taxed the same. That money has already been taxed as it is money made from investments so it's subject to an additional capital gains tax of 15 percent. What will be the incentive for people to invest if you are going to be taxed even more than that?
I know by the way you are posting that you are trying to avoid any conflict, but I MUST point out that your views are corrupt because you refuse to hold accountable those who in fact are a burdon to society. Yes wealthy people pay a higher sum in their taxes than average citizen. But is it so wrong to ask them to give up the SAME percentage of their gains as the average workers? This isnt punishment (as so many narrow minded people see it), it's just being fair. If you cannot comprehend what Im saying, then I truly feel bad for you; you do not represent the rest of our country (not even close to half).
Watching Mitt say "the poor people are fine, they have a safety net" really saddens me to see how out of touch he is with them–it is definitely not okay to be poor and struggling.
Hearing John Bonehead say "let the chips fall" referring to the people struggling to hold on to their houses also saddens me. It shows what true division really is.
If these two refuse to help citizens, then what are we paying them for?
John Boehner Admits That Keystone XL Won’t Create 100,000 Jobs
John Boehner must resign from Congress because of his conflicting interests regarding the Keystone XL Pipeline. In 2010 he invested between $15,001-50,000 in Canadian Natural Resources, Ltd, a tar sands oil company. He is poised to reap financial gain if the pipeline gets built. Tell Congress to pressure him for his resignation!
John Boehner has invested a lot of money in Canadian Oil Companies and is pushing to pass the Keystone XL Pipeline at any cost, including tying it to the next payroll tax cut extension. He has invested $365,000 in seven companies that would benefit from the Keystone Pipeline approval, setting himself up to reap great financial rewards from his investment. We are calling for his resignation.
if you think John is bad try Pelosi and Reid...but then...they are dems...right? If you would just study this pipeline thing you would know this was hard ball poltics.....to save obamas job...obama has to get his base under him...he has an impossible job to get relected as it is..in short...OBAMA SOLD YOU OUT!
Woah you made little to no sense at all. Obama has always been an environmentalist, so this was a no-brainer and had nothing to do with his base. How does refusing the pipeline equate to him selling us out?
Risky..do you know how to think?
This is the main reason Americans are fed up with Washington! Instead of Bonehead complaining he should have been offering up a different solution!
Refusing to help struggling homeowners shows what real division is. I dont understand how you people could constantly call out "omg divider-in-chief." And what is so wrong with helping people that are struggling? They would be saving 3k a year, which would definitely help out the economy should they have some spending money left. I've been saying this for a while now, MONEY NEEDS TO CIRCULATE. Raising the debt ceiling was necessary and spending it on programs also necessary. Why? Because at some point the money stopped circulating. Where did it go? Ask the rich people that have so much money, they would never be able to spend it all in their entire life time.
howard is a jerk no truth to the story he related.But then he probably reads the murdoc rag. Ex lax should try discussing the artical instead of having diarhea of the mouth. Orangeman has not shown approval for anything the president suggest. I think they could work togeather but any compromise and the tea party goes after him. Thats ok he only has a short time left. The pipe line was a joke no big job numbers the fuel was getting shipped over seas and the canadians make money and don't screw up their enviorment. Such a deal Why don't the repos do their homwork instead of listening to the faux news.?
weak..George.....very weak. your light is going out my friend...on the obama presidency/experiment. haha
Watching Mitt say "the poor people are fine, they have a safety net" really saddens me to see how out of touch he is with them–it is definitely not okay to be poor and struggling.
Hearing John Bonehead say "let the chips fall" referring to the people struggling to hold on to their houses also saddens me. It shows what true division really is.
boy...you know I just don't know any starving people in this country... and I know a lot of people and do much volunteer work helping those who need help. You might find some help for yourself...it is free,
So taxes may be going to go up again due to one of Obama's famous bailouts? I like how it says the financial institutions will pay the tax, give me a break... That "fee" will be redirected right back to the citizens, and he knows that. How is it fair that government can tell us where we have to spend our money? This isn't fair to me. I'm middle class and not having mortgage problems, where does this leave me? Take a look at the constitution, this wasn't how America was supposed to operate. What our forefathers fought for, our liberty, is slowly being strangled away by our own government.
Boehner is getting boring. Really!? What is up with Ohio? Why do you keep this guy around? This guy just voted to remove programs for the disabled and seniors. Are there no disabled or seniors in Ohio? Maybe not, maybe Ohio just sends them to institutions to die.
How many mortgage solutions has Obama tried? The only solution Obama has is spending more and more taxpayer money. Time for Obama to go.
This is almost exactly like what Roosevelt did during the Great Depression, trying to stimulate the housing industry. Where it went wrong was that no administration attempted to stop these programs AFTER a recession because during a boom, there's no need for heavy stimuli in spending.
Roosevelt's policies were failing... he pushed us into war and after the war through the Bretton Woods agreement made the dollar dominate in world trade...JFK and LBJ then continued liberal ideology i.e....grew the govt and social programs...the Vietnam war resulting in huge debt we could not print enough money to fund...Nixon then HAD to take us off the gold standard and the beginning of the end began...now, the dollar is devalued (because of our increasing debt) and will soon be replaced... obama's goal seems to be to make America just another county among other insignificant countries/economies.
This is news? Once again this bunch blocks anything this President tries to do for the PEOPLE! When are folks going to get tired of their antics?
firtst off it is not Boehner knocking anything down, he is too stupid, his words come from his masters, Boehner is just the DOG
At one time neighbors and families got together and weathered the storm. Now we are so used to being hand fed by the government we forgot how to think for ourselves. No one is entitled to a house! No one to include me! Under Clinton banks were forced to lower lending standards and the result was a mess. That mess has not yet cleared and now the proposal is to force banks to lower standards again!
Nothing wrong with apartments, I lived in them before and would do so again! Pride keeps folks from acting smart! Don't get me wrong the banks have acted stupid too! At one time we helped solve our own problems! Loks like those days are gone!
I know there are some who have divorced, lost their jobs, got ill, etc. Happened to a family member. I made my place avaialble without government intervention!! I know many here will disagree with me, I have no problem with that!
I do know wealth redistribution (call it income inequality or whatever) has been in the fore front of this administration from the begining!
I said before the government should be in the business of creating a climate so people can earn!
Steveo
At one time neighbors and families got together and weathered the storm. Now we are so used to being hand fed by the government we forgot how to think for ourselves. No one is ent-itled to a house! No one to include me! Under Clinton banks were forced to lower lending standards and the result was a mess. That mess has not yet cleared and now the proposal is to force banks to lower standards again!
Nothing wrong with apartments, I lived in them before and would do so again! Pride keeps folks from acting smart! Don't get me wrong the banks have acted stupid too! At one time we helped solve our own problems! Loks like those days are gone!
I know there are some who have divorced, lost their jobs, got ill, etc. Happened to a family member. I made my place avaialble without government intervention!! I know many here will disagree with me, I have no problem with that!
I do know wealth redistribution (call it income inequality or whatever) has been in the fore front of this administration from the begining!
I said before the government should be in the business of creating a climate so people can earn!
bravo!
See AMERICA, that's what you get for giving these retarded, dirty TEABAGGERS power in Congress. Before this Boehner bonehead became House Speaker, he spent more time (and probably still do) on the golf course instead of helping the president with the country. I guess it was easy for him and his party.....vote NO to anything no matter if it
helps the country or falls within our republican "beliefs". He spent more time golfing than Bush spent time fishing at
Camp David. They got that little power in 2010 with ONE agenda...See that this president FAIL (even had the guts to do it on the Senate & House floors). Well now that plan has backfired because most Americans with common sense see that these Republicans don't care about fixing the country ( they don't have a plan like 2008 campaign filled with "Obama associates with Terrorists"). And now they hope to that folks are still blind about their POOOORRR efforts (except for
people who vote for these BIGOTS). TEA BAGGER CONGRESS APPROVAL RATING 9% WORST OF ALL TIME!!!!!!
When ignorant people finally get rid of the Tea Parties of the country, churches and etc... You eon't have an America. History is full of fools like you, who are just simply ignorant and no not what they do. God help you.
Once Boehner comes up with ways of dealing with an issue, someone might listen. Until then, his "employment" with the government has been a waste of taxpayer dollars.
just another campaign promise that wont be kept.
NO he will keep it...but you won't get what he leads you to think...there will be a big price for this...as in obamacare. He is a collectivist to the bone..and well Marxism just don't work. This is easily proven...just read the history of the Roman Empire..
Yea keep talking bingo the clown , your days are numbered you 2 face speaker of the tea baggers and the the rest of the gop clowns
See AMERICA, that's what you get for giving these retarded, dirty Tea Chumps power in Congress. Before this Boehner bonehead became House Speaker, he spent more time (and probably still do) on the golf course instead of helping the president with the country. I guess it was easy for him and his party.....vote NO to anything no matter if it
helps the country or falls within our republican "beliefs". He spent more time golfing than Bush spent time fishing at
Camp David. They got that little power in 2010 with ONE agenda...See that this president FAIL (even had the guts to do it on the Senate & House floors). Well now that plan has backfired because most Americans with common sense see that these Republicans don't care about fixing the country ( they don't have a plan like 2008 campaign filled with "Obama associates with Terrorists"). And now they hope to that folks are still blind about their POOOORRR efforts (except for
people who vote for these BIGOTS). TEA PARTY CONGRESS APPROVAL RATING 9% WORST OF ALL TIME!!!!!!
There would be good points to a plan like this. I personally know a few people who would like to refinance and take advantage of the lower rates, but because they don't have enough equity in the house or the price has dipped, the banks won't even talk to them. They're all employed, pay their mortgage every month, and are not at risk of foreclosure. A bill like this would help them out, and put a little more money in their pocket each month. I think it could also help people who are teetering on the edge of falling behind and starting foreclosure.
But what I don't understand why the bill would cost so much. Why would it take $5-10 billion to do this? At least they have a plan to pay for it, but it seems pricey.
Not that it matters – Obama could propose the most perfect plan in the history of the US government, and Republicans would reject it. Both parties are too concerned with their own agendas and self preservation to actually do something good for the American people.
@tim12- Obama HAS kept most of his campaign promises.. Do some research other than listening to Faux news
this is another scam to buy votes...obama already failed the mortgage crisis. We have always had fluctuations in interest rates and real-estate prices...and always just sat it out...took the responsibility for our financial decisions.
Be very leary of a politician that offers what obama does in this mortgage issue... he is bent for election to take down this country...and the proof is all around you IF YOU WILL LOOK!
Mr. President: I DO NOT NEED A REFINANCE!!! Neither do any of my friends here in Las Vegas that are underwater. We have great fixed 30 years rates, we can pay our bills. But thanks to the government and banks ,most of our houses are 100-300K underwater. You cant fix that with a refinance.
Tell you what...BUY MY HOUSE for what I owe and then you deal with it.
"“It is wrong for anybody to suggest that the only option for struggling, responsible homeowners is to sit and wait for the housing market to hit bottom,” he said. “I refuse to accept that, and so do the American people.”
WHY NOT?
We have already been doing that for 5 years? House values where I live are below what they were14 years ago. And that was back when Vegas was severely undervalued. The only thing that will help Vegas is once ALL and I mean ALL of the houses have undegone foreclosure, are under new ownership and have new principal loans. Until then you can do all the programs you want and it will not help. You could make my payment 1/2 of what it is and it still means I cannot sell this dang house for 10 years or more and I have to move before then for work. Why did banks allow thousands of unqualified buyers and investors to buy houses like skittle? We saw people buying 10 homes at a time in a week and being approved selling these homes before they were built! The houses in my neighborhood went up $50K a week in price and banks thought that was fine!
Since the banks caused the problem, how about they eat the problem? Smash principals down and make banks eat the difference
why not suggest what will work? instead of telling us the same thing each time President Obama tried to do something must they remain uncivilised in their response?
If the republicans had been re-elected after Bush, we would be $10 trillion more in debt, the auto industry would be nonexistent and we would be in a depression. How about trying some new ideas that will help the country instead of dismissing them so you Republicans can get back in power?
Matt:
Can you quote President Bush's deficit at the end of 2008 of 10.7 trillion by December 2008. Considering the rich tax cuts, two wars, housing collapse, bank's failing, car manufactures going down the tube I can't complain about President Obama's time in office. No other president ever had to take on a mess like the above.
this is just another campaign promise that will not be kept.
Hopefully The tanning tub ,cigar smoking and other questionable bad habits will get kicked out of office in November and then the country can go back to just a half Crooked house of represenatives. This loser boehner has been a complete disaster in that position. he is a disgrace to even crooked politicians.
Looks like Obama is re-embracing the Bill Clinton concept.
That is what got the country in to the whole mess in the 1st place.
Give people loans that cannot afford them.
Which lead to the financial institution melt down.
Instead of touting this ridicules pal maybe he should pay his own far share of taxes.
Obama has been getting a Foreign Tax Credit for his investments Overseas. see the link for his tax returns.
http://www.taxhistory.org/www/website.nsf/web/presidentialtaxreturns
Shouldn’t the president keep his money in the US? And not investing it overseas and getting a credit on it.
Something wrong with that picture and yet no one is reporting on that.
People are corporations, my friend. When one loses the ability to feel compassion for another, and when one simply seeks to recognize how another's circumstances affects the bottom line, people become corporations. Fiscal responsibility must be balanced with compassion.
My guess is that HIllary's pnirtag words will be the following Carole King song. Stayed in bed all morning just to pass the timeThere's something wrong hereThere can be no denyingOne of us is changingOr maybe we've just stopped tryingAnd it's too late baby, now it's too lateThough we really did try to make itSomething inside has died and I can't hideAnd I just can't fake itIt used to be so easy living here with youYou were light and breezyAnd I knew just what to doNow you look so unhappyAnd I feel like a foolAnd it's too late baby, now it's too lateThough we really did try to make itSomething inside has diedand I can't hide itAnd I just can't fake itThere'll be good times again for me and youBut we just can't stay togetherDon't you feel it tooStill I'm glad for what we hadAnd how I once loved youBut it's too late baby, now it's too lateThough we really did try to make itSomething inside has died and I can't hideAnd I just can't fake itDon't you know that I I just can't fake itOh it's too late my babyToo late my babyYou knowIt's too late my baby
I don't even know how I finished up here, but I assumed this publish was once great. I don't realize who you are but certainly you're going to a famous blogger should you are not already. Cheers!
You could certainly see your skills within the paintings you write. The arena hopes for more passionate writers such as you who aren't afraid to say how they believe. All the time follow your heart.