Another $50 billion down the rat hole!
Ξ July 18th, 2009 | → | ∇ corruption, demwits, duh, economy, oh shit, personal, politics, work |
The Obama administration’s $50 billion program to curb foreclosures isn’t working, and the White House knows it.
Administration officials blame the mortgage servicers charged with carrying out the mortgage modifications and refinancing under the federal program. Many of their Democratic allies on Capitol Hill back them up, but others are criticizing the White House for fumbling the execution. Whatever the reason, the program hasn’t stopped the rising tide of foreclosures: Experts predict that at least another 2 million homes will be lost this year, and the administration’s plan has so far reached only about 160,000 of the 3 million to 4 million homes it was supposed to protect over the next three years.
That’s bad news for the economy — and bad news for the Democrats.
Yea blame somebody, ANYBODY … the tooth fairy for christ sakes BUT don’t take credit for ANY failures (which are mounting by the day).
It won’t be long Obami will have tossed more down rathole socialist programs than Bush did in all of his 8 years. WAIT Obami already has or will have if Obamicare passes!
But really $50 bil is chump change compared to what he has pissed off and will in the future.
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