The goal of the plan was to keep up to 9 million struggling homeowners in their homes, but its clear now that the program will fall well-short of its objective.
That's because the plan was about as effective as his whopping plan to give us $16 on our paychecks to jumpstart the economy. That's the problem with Obama. He has no clue how the world works. He didn't even own a house until just a few years ago.
The plan to save mortgages was to re-write and bring the mortgages down to 32% of one's income. In a family making $50k a year that is still over $1300 a month which doesn't include taxes and insurance. Another one of Obama's bandaids on a gaping wound.
~~life isn't about how to survive the storm but how to dance in the rain~~
When the character of a man is not clear to you, look at his friends.
Japanese Proverb
