Politics more important than homeowners: Obama running out of options to aid housing market | Reuters

Read the whole article then come and comment on whether you disagree or agree.

EDITOR NOTE: Once again the admnistration is proving what Americans have known for about 20 years. POLITICAL MATTERS MORE THAN THE PEOPLE. I think there will be backlash from those that see that the government is siding with banks, covering up fraud and the political fall out will not be pretty. Although many are still asleep at the wheel, many Americans are getting fed up. hence a 70% disapproval rating. Maybe instead of foreclosing on the house, Americans will foreclose on Political Leaders. Silent on housing - while millions are foreclosed on hmmmmmmmm

Analysis: Obama running out of options to aid housing market | Reuters: "But any major push, such as the wholesale forgiveness of a homeowner's principal debt, is unlikely to find support among policymakers, both because of the cost and the big potential for a political backlash from any move that was seen as possibly rewarding reckless behavior by banks and borrowers.

With the November 2 elections fast approaching, President Barack Obama next week will unveil a number of steps aimed at helping the overall economy.

While he has pointed toward a number of possible options, including more tax cuts for businesses to encourage hiring, Obama and other officials have been silent on housing.

The administration has 'very few options' left to address housing directly, said Howard Glaser, a consultant to mortgage lenders and a former housing official in the Clinton administration.

MICRO SOLUTION TO MACRO PROBLEM

The government is already lending the sector extraordinary support.

More than 80 percent of new mortgage originations in the three months through June were directly or indirectly backed by the government, including loans backed by the Federal Housing" >>>>>>READ ENTIRE ARTICLE

Please retweet this blogpost if you find it helpful in learning about government mortgage homeownership and bank loan modifications

Please retweet this blogpost if you find it helpful in learning about government mortgage homeownership and bank loan modifications

Survey: Mortgage closing costs 37% higher Updated 9h 33m ago |

By Stephanie Armour, USA TODAY A new federal rule this year requiring mortgage lenders to give borrowers reliable estimates of closing costs appears to be working — whether it's also costing borrowers more money is uncertain. A recent survey by Bankrate.com found that, on average, origination and third-party fees on a $200,000 purchase mortgage added up to $3,741 — a 37% jump over last year's average of $2,739. >>>>>FULL ARTICLE

Debate and TAXES

Two things they say are inevitable. Death and TAXES. I don't mind realistic taxes but Obama just doesn't seem to get it. He will be causes hardship on many Americans who are working hard to succeed, while incurring debt to do so, and planning on not only paying of that debt but enriching others by spending our hard earned income on luxuries like HELP. In other words I am not $227,000 today but ext year I might be. And next year the government will take 1/2 of that if Obama has his way.

As he said he wants to spread the wealth around. WELL when was the last time that ANY government agency did a better job of managing stuff than Joe Blow American.

The glibness of which he brushed off Joe the Plumber (shame on you Biden) is astounding. Has he just been in a bubble of wealth for too long to realize that small business makes JOBS not government and that it takes positive cash flow not taxes to do that????

Lets put it this way. You are a plumbeer and work really hard and exceed the 125,000-160,00 mark with your business. You hire your kid as apprentice and he is working his butt off too and now you are able to work a little harder and make it to the 185,000 - 190,000 mark after paying the kid. Meanwhile the spouse had to get a job to make ends meet and is earning 40,000 on the job plus 12,000 selling online. You are now magically (choke - try work butt off) in the range for 55-60% taxes depending on which model Obama finally settles on out of his vast array of models.

THIS BOTHERS me on so many levels I can't even figure out why my democratic friends haven't figure out the Robin- hood mentality that is being spoken out loud by OBAMA. Listen to the words. I don't' want to be indentured to the government.

Joe the Plumber is no laughing matter and the fact that Obama and Biden can't relate to him without the sneer is a sign of what we might be in for.

I think McCain did okay until the end. I don't' think he sold himself as well in closing as O did... but then do I want a used car salesman selling me the presidency or do I want to go by actions and plans. ?

WATCH THE DEBATES - then check the facts.

WATCH FREE VIDEOS ONLINE


Well some of you know my views. But almost as important as voting is watching the debate and if possible the after debate information by FACT CHECK.com etc.

Getting the information you need and taking time to research on the internet is important. Media is fairly biased. and if you don't believe there is a bias just watch THE VIEW and the way the handle a disagreement.

At any rate you have to find information nowadays seeming on your own. Fact check and other gruops are dedicated to being non partisan.

If you have time you can check things out before the debate here are a few thoughts. Things have changed in the last month. Just look at some of the ideas I've pulled from one of my other post sites. (neowide.com) and (ehow.com). My pen name is Alrady

THE DEBATE IS TUES. OCTOBER 7th. 9pm eastern, 6pm pacific

Last month you would not have the hot topics of the NYT report on Obama and AYERS and O's launching his campaign from Ayers home. Or the political ad that Obama is running about the Keating 5 and McCain.

Would you have thought last week that you would be reading about the LA chapter of NOW's head Shelly Mandell that Shelly (individually) would lend support to PALIN. She recognizes that Palin cares about equal pay, children, women's lives etc. Look up her video.

Would you have two months ago had such topics as the economic bailout and the response of not only wall street losing 800 today (thank goodness they gained back 500) but markets WORLDWIDE being so negatively impacted by what is happening JUST THIS WEEKEND?

Would you have thought that WORLD CONTROL of financial markets is being considered?

Well there you have it enough material to write 500 articles and gain a few hundred dollars... Now If we all just had more hours in the day!

THE DEBATE IS TUES. OCTOBER 7th. 9pm eastern, 6pm pacific: CBS, NBC, ABC, and FOX. . If you have cable/satellite: Fox News, CNN, MSNBC,