antimatter98 (479 posts) Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Thu Apr-09-09 03:58 PM
Original message
Obama pushes Americans to refinance homes
Edited on Thu Apr-09-09 03:59 PM by antimatter98
Source: The Hill
President Obama used his bully pulpit Thursday to encourage Americans to refinance their homes, which could stimulate consumer spending and pump up the economy.
Obama trumpeted programs that have helped drive mortgage rates to their lowest levels in decades, and encouraged home owners to re-finance to put more money in their pockets. He also hawked an administration web site mean to encourage Americans to refinance their homes.
Read more: http://thehill.com/leading-the-news/obama-pushes-americ...
Like when Bush said: "Go Shopping!"
Lots of money in refinancing---fees+bonuses.
He's losing them, slowly but surelyThey still ridicule Bush for encouraging Americans to go out and spend, but at least some of them are calling BS on Dumbama:
pattmarty Donating Member (1000+ posts) Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Thu Apr-09-09 04:13 PM
Response to Original message
7. Isn't this encouraging the same shit that got us into this mess?
I am slowly but surely losing confidence in the Obama administration.
Vidar (1000+ posts) Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Thu Apr-09-09 04:16 PM
Response to Original message
8. Save the banks at all cost. Shame on you, Obama.
acmavm Donating Member (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Thu Apr-09-09 04:25 PM
Response to Original message
12. Well, how about that? I'm behind in my medical bills and I am
trying like hell to refinance my school loans because my house have been cut to the point that I get 30+ hours FOR TWO ****ING WEEKS! I work for a company in the manufacturing industries. I'm getting some hours back but not enough to stay afloat. I got in 4 the other day. This is where all my vacation goes. And then when I run out of vacation hours, I just punt.
How does this guy think those of us who are getting burnt by the bastards crimes on Wall Street are gonna refinance?
Why, it's change you can BELIEVE in, DUmbasses. Remember?
I mean, if Dumbama bows to a king, I imagine he kneels to the guys who runs Citi and JPMorgan.
Maybe his buddy Rahm gets a side-deal from his cronies at Fannie and Freddie, ya think? I'm sure from his Chicago days Dumbama knows a lot of ways to skim the top...
