Mad Scientist
Feels Good!
- Sep 15, 2008
- 24,196
- 5,431
- 270
Oh, so the problem is that the economy is just fine, but that businesses just won't hire anyone? The scary part is that he actually thinks that's how it is.
News Headlines
Obama Administration To Admit Failure Of Mortgage Modification Program
News Headlines
He also had a "new" idea to help home owners:President Obama urged businesses to "step up" and hire workers, pressing banks and other corporations to do more to help an economy that he said would take "several years" to recover fully.
"We've got a lot more work to do to get businesses to invest and to hire," he told the audience in remarks broadcast on Thursday.
"It is time for companies to step up," Obama said.
I seem to recall this was tried already and only 8,00 people got their loans modified. Excuse me, it was only 1,000:Obama said his administration was looking at ways to extend programs to help people struggling with mortgage payments on houses that had lost much of their value. "We're going to continue to work with Congress to see if we can propose more legislation to encourage longer loan modifications," he said. "We are trying to expand the loan modification program to reach more people."
Obama Administration To Admit Failure Of Mortgage Modification Program