Obama Blames Congress over Mortgages
In an attempt to remind election voters again about the economic situation he took over back 2008, President Barack Obama focused his weekly radio address on the ongoing mortgage crisis. He blamed Congress for not doing more to help homeowners to recover.
In February, Obama said he sent a plan to Congress that would give every homeowner who was responsible the opportunity to save close to $3,000 per year on mortgage payments by being able to refinance at lower interest rates.
Obama said in his radio address his plan is supported by nonpartisan leaders and economists throughout the housing industry. However, Congressional Republicans worked to make sure if did not reach a vote and seven months after being presented, it is still waiting to be voted on by Congress.
Obama added that last week the interest rates for mortgages reached all time lows. However, instead of more families being helped to take advantage of the low rates, Congress took a break to campaign, said the president.
Obama did not just target Congress in his address. He took direct aim at Republican presidential nominee Mitt Romney. He said Romney had said that the housing market should be able to bottom out.
Obama said he did not agree with Romney’s point of view and that was why he and the White Administration worked with attorney generals in the states to investigate the way many of the homeowners were treated by banks.
Meanwhile Republicans focused on the economy’s current state in their Saturday address, which was delivered by a Republican candidate in Arizona vying for a seat in the House.
Ewww.... I never vote for Republicans, but I will never support anyone who comes from the Clinton/Obama wing of the ...
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Just another example of why illegals should NOT get amnesty. Those who work illegally and get paid under the ...
President Obama and the Democrats ( with a weak majority and only 42 working days before the Republicans took back the House) managed to add 5.1 million jobs, saved the auto industry and the massive supply chain connected, established 30 months now of consistent economic/job growth and reversed the second great Republican depression. This Congress is on the record for the most obstructionist, “do-nothing” Congress, in U.S.history, spending 17% of their time renaming post offices, passing over 30 anti abortion/health care killing bills they knew would not pass a veto. They have refused to pass relief for veterans families and jobs bills, for the 25,000 vets who need work. The Republican legislators have marched around the country eliminating hundreds of thousands of public jobs. The Republicans met and planned, from the day president Obama was sworn in, to deliberately hurt America just to make the president look bad, that is pure evil.
TO JAMES L…………you seem to be only talking about the Senate LED BY HARRY REID AND THE DEMOCRATS AS THE MAJORITY. THE HOUSE CONTROLLED BY THE REPUBS HAVE BEEN LEGISLATING BUT THE SENATE WON’T EVEN PUT THE BILLS TO A VOTE. AND….OBAMER….TALKS WITH CONGRESS TO TRY TO PASS ANY LEGISLATION THROUGH EITHER HOUSE AND HE JUST WON’T ””LEAD”” OR COMMUNICATE WITH THE CONGRESS. IT IS IMPOSSIBLE TO LEGISLATE ANYTHING IN THIS COUNTRY ..GOOD OR BAD…WITH THE OBSTRUCTIONIST TACTICS THAT THE DEMOCRATS AND THIS WORTHLESS, LEADERLESS, president!!!!!!
You mention the Repubs met the day this pres was elected to…….my gosh man…all this pres and the Dems have done is ‘bad mouth’ and ‘say nasty things’ about anything and everything. The Dems have no answers to the problems of this country and THAT IS THE REASON THEY DO NOTHING BUT BLAME, BLAME, BLAME…THAT IS NOTHING BUT AN EXCUSE..AND TO MAKE EVERYONE LIKE YOU TO SAY..’OH, WHOA IS ME AS THE REPUBS ARE JUST AGAINST EVERYTHING’….YOU LISTEN TO TOO MUCH CNN, MSNBC, ETC…….
We see similar ratios in studies where news people are asked to rate themselves on the left-to-right political spectrum:
In a 1981 study of 240 journalists nationwide, 65% identified themselves as liberals, 17% as conservatives.
In a 1983 study of news reporters, executives, and staffers, 32% identified themselves as liberals, 11% as conservatives.
In a 1992 study of more than 1,400 journalists, 44% identified themselves as liberals, 22% as conservatives.
In a 1996 study of Washington bureau chiefs and congressional correspondents, 61% identified themselves as liberals, 9% as conservatives.
In a 1996 study of 1,037 journalists, the respondents identified themselves as liberals 4 times more frequently than as conservatives. Among journalists working for newspapers with circulations exceeding 50,000, the ratio of liberals to conservatives was 5.4 to 1.
In a 2004 Pew Research Center study of journalists and media executives, the ratio of self-identified liberals to conservatives was 4.9 to 1.
In a 2007 Pew Research Center study of journalists and news executives, the ratio was 4 liberals for each conservative.