Obama Pledges Mortgage Help With New Financial Plan.

[elleng]

Source: Reuters/NYTimes

'President Barack Obama promised on Saturday to help lower Americans' mortgage costs with a new plan, coming soon, that would revive the financial system and "get credit flowing again.". . .

"Soon my Treasury secretary, Tim Geithner, will announce a new strategy for reviving our financial system that gets credit flowing to businesses and families," Obama, a Democrat, said in his weekly radio address.

"We'll help lower mortgage costs and extend loans to small businesses so they can create jobs."'



Read more: http://nytimes.com/reuters/2009/01/31/news/news-us-obama.html

[high density]

1. How about lowering my rent, too?

Or am I supposed to go out and buy a house that I know I can't afford?

[closeupready]

4. We get $500.

That's our own money coming back to us. Meanwhile, we have to subsidize Citibank and all the rest of them (who destroyed their own businesses) to the tune of tens of thousands of dollars for each taxpayer. :mad:

[terisan]

2. This is shameless bs-crumbs to the people in distress so long as we agree to billions for banks

[InkAddict]

3. If he doesn't stop the job hemorrhage, this won't matter at all.

BRING BACK AMERICAN JOBS!