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Obama's Housing Plan: Just the Facts

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Uploaded by on Mar 4, 2009

The Obama administration kicked off a new program Wednesday that's designed to help up to 9 million borrowers stay in their homes through refinanced mortgages or loans that are modified to lower monthly payments. (March 4)

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Top Comments

  • Where is he getting this money if we owe 77 Trillion dollars...?

    My guess would be printing it, which makes our dollar worth less since it's not backed by gold.

    And why wouldn't he pull out of Iraq? BILLIONS would be saved every day if he did... we're going broke and I don't think he's helping.

  • A freaking peso is going to be worth more than a US dollar after this guy gets through with this.

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  • Fix Housing First. We need fixed mortgage rates to be 2.5 % or less. Fix Housing and you fix the economy.

  • Barry Sotoro is the worst thing that ever had to America.

  • No one who comments on these AP feeds regarding the stimulus bill, the housing bailout, any of it.. none of us knows if this is going to work or not. And that includes me. Even the people who wrote the legislation have no idea if its going to work or not. Nothing like this has ever been done on this scale, and there are too many factors involved. The best anyone can do is guess.

  • I'm not trying to argue, but in my limited experience of a few economics/trade/finance courses, economics often doesn't seem to follow the dictates of common sense.

  • Enough with this home crap, let's go back to migratory life, living like nomads off the fat of the land! Anyway I'm going, and if I see a politician anywhere near my camp they're getting a spear through the heart.

  • Too little, way too late. We baliout the banksters with hundreds of billions of taxpayer money, so that they can foreclose on people's homes. Something's wrong with that picture.

  • Obama...good call fellow citizens. If you didn't like Bush wait until this one gets done. The rich get richer...

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