dagblog - Comments for "Government announces new program to help ‘underwater’ homeowners"

Obama sets rules for student

artappraiser — Thu, 27 Oct 2011 14:40:22 +0000

In reply to Government announces new program to help ‘underwater’ homeowners

Obama sets rules for student loan payments
USA Today, Oct 26, 2011

....As he has on other items this week, Obama said he is issuing executive orders because congressional Republicans are blocking his proposed $447 billion jobs plan....

...."I've told my administration, we're going to look every single day to figure out what we can do without Congress," Obama told the supportive crowd. "What can we do without them?"....

So far it suggests a

artappraiser — Mon, 24 Oct 2011 22:09:05 +0000

In reply to "We can't wait" is official

So far it suggests a counterattack to this:

Karl Rove’s Blueprint for Stopping a Jobs Bill
By Jonathan Chait, Daily Intel @ New York Magazine, 10/24/11 at 4:51 PM

Karl Rove’s organization American Crossroads, which functions as a kind of privately run Republican Party organization, has a memo laying out how the party ought to oppose President Obama’s jobs bill. It’s a telling window into the contours of the jobs debate....

in that it appears it might be a tactical plan to address economic problem points one-by-one in more "understandable" bites. And then later say, "we wanted to do bigger on all these things, but they blocked us."

Edit to add: the opener of Al Sharpton's show today certainly seems to confirm this. He showed Mitch McConnell talking about policemen and fireman (along the lines of Rove's instructions above,) and he said next Obama plans to do student loans and then small business (?) loan assistance. Sharpton is also playing up Romney's statement about letting foreclosures run their course.

"We can't wait" is official

artappraiser — Mon, 24 Oct 2011 21:13:04 +0000

In reply to Obama: 'We Can't Wait' for

"We can't wait" is official White House messaging; from whitehouse.gov:

The White House Blog: We Can't Wait
Posted by Dan Pfeiffer on October 24, 2011 at 12:05 PM EDT
Communications Director Dan Pfeiffer explains the new series of executive actions planned by the President to boost the economy.

http://www.whitehouse.gov/blog/2011/10/24/we-cant-wait

The White House Blog: We Can't Wait To Help Homeowners Refinance Their Mortgages
Posted by Matt Compton on October 24, 2011 at 02:04 PM EDT
President Obama is taking action today

http://www.whitehouse.gov/blog/2011/10/24/we-cant-wait-help-homeowners-r...

Obama: 'We Can't Wait' for

artappraiser — Mon, 24 Oct 2011 20:58:54 +0000

In reply to Government announces new program to help ‘underwater’ homeowners

Obama: 'We Can't Wait' for Housing Help
By George E. Condon Jr., National Journal via Atlantic.com, Oct 24 2011, 2:01 PM ET

The president unveils his new mantra, seeking to circumvent congressional Republicans with executive action on mortgages

When President Obama on Monday offers more assistance to homeowners who are under water on their mortgages, he will cloak it in a shot at the Republican House, declaring "we can't wait" for Congress to address the nation's housing crisis. That is the mantra being unveiled by the White House for a planned series of announcements to demonstrate that the president is ready to use executive actions wherever he can to make up for congressional inaction.

But for many members of his own party, anger is also directed at the administration and the latest actions being announced on Monday fall far short of what they are demanding. Some of that anger surfaced last week when Rep. Dennis Cardoza (D-Calif.) took the unusual step of blasting the president's housing policies in his announcement that he is retiring from Congress. "I am dismayed by the administration's failure to understand and effectively address the current housing foreclosure crisis," said Cardoza, whose district includes three cities particularly hard-hit by foreclosures - Modesto, Stockton and Merced. "Home foreclosures are destroying communities and crushing our economy and the administration's inaction is infuriating," he said.

In his speech in Nevada, the president hopes to rebut this charge....

UDPATE: Obama Administration

artappraiser — Mon, 24 Oct 2011 19:40:35 +0000

In reply to Government announces new program to help ‘underwater’ homeowners

UDPATE: Obama Administration Unveils New Refinancing Program
By Nick Timiraos and Alan Zibel, Dow Jones Newswire, Oct. 24, 12:36pm

--Refinancing program to be extended through 2013

--Cap of 125% of home value to be eliminated

--Officials seek to encourage shorter-term mortgages (to increase equity)....