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Wednesday, February 18, 2009

Super ‘Bama

You have to give President Obama credit for tackling the immediate problems of our nations economy head on and one by one. It’s almost like he has a play book and the toughest issues are at the top of the list of plays. The stimulus plan for the people and getting the jobs back is now in place to start rebuilding our infrastructure with some states receiving from $6 Billion or more over the next two years to rebuild roads, bridges and more.

President Obama is now tackling the home foreclosure problem and according to this report in the New York Times he doesn’t need the Congress to get this mega issue in the “Done” column of his to do list. As a moderate voter, I’m loving his style and desire to fix this nation pronto!

Obama Unveils $75 Billion Plan to Fight Home Foreclosures

Published: February 18, 2009

MESA, Ariz. — President Obama pledged on Wednesday to help as many as nine million American homeowners refinance their mortgages or avert foreclosure, an initiative he said would shore up distressed housing prices, stabilize neighborhoods and slow a downward spiral that he said was “unraveling homeownership, the middle class, and the American Dream itself.”

Mortgage Rate Snippet

“It will not help speculators who took risky bets on a rising market and bought homes not to live in but to sell,” he said, adding, “And it will not reward folks who bought homes they knew from the beginning they would never be able to afford.”

The plan will take effect March 4, when the administration publishes detailed rules explaining it. Most of the plan can be enacted by Mr. Obama though his executive powers, although part of it — including changing the bankruptcy laws to allow homeowners to seek changes to their mortgages through bankruptcy proceedings — will require legislation. Mr. Geithner said the administration was already in discussions with lawmakers on how to proceed.
- New York Times

Not since the days of Ronald Reagan and FDR have we seen a President so intent on tackling the problems of our nation with such vigor and vigilance. Mark your calendars and note that I will proudly predict that President Obama will turn this economy around in two years by being proactive and over zealous in his mission. And if he can rescue six million home owners from loosing their homes, he will have a built in re-election vote built into the process. MSNBC has this to say in this news video...

Video Link

If there are 120 million home owners and 6 million of them benefit from his mortgage crisis plan then that is five percent of all homeowners that can thank President Barack Obama for saving their family homestead. Add that total to the number of small business owners that just benefited from the tax cuts in the stimulus package and you have a growing base of voters that will no longer look at the President as the Anti Christ Democrat in the White House.

No matter what angle you look at it, Super ‘Bama is playing the political game of chess like a true leader and his actions are not pissing off his base in any form or sense of the word. Republicans on the other hand have a President that is and will make them look like fools for voting “NO” on every proposal he offers to get America back on track. Republicans will have to explain the actions they took against the President that worked to save jobs, homes and all the rest of the Super 'Bama initiatives at the polls in the next election cycle.

*****Yahoo News has linked in on Business Blogged

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Anonymous Frodo, the leaper of faith said...

From your mouth to the ears of God.

9:27 AM  
Blogger Papamoka said...

I can only wish my friend!

9:56 PM  

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