PoliticalChic
Diamond Member
Well, would you look at that! Folks back in 2007 didnt think that Senator Obama has what it takes to become President! I wonder what they think about having been persuaded otherwise
CBS Poll: Lack Of Experience Hurts Obama
More than half of voters (51 percent) think Obama, a first-term U.S. senator from Illinois, does not have the right kind of experience to be a good president, compared with 29 percent who think he does.
On the other hand, 59 percent of voters think Clinton, the former first lady and a two-term senator from New York, has the right experience, while 35 percent think she does not.
CBS Poll: Lack Of Experience Hurts Obama - CBS News
Lets see the difference between good intentions and actual competence to do the job:
Then-
Obama unveils $75B mortgage relief plan [February 2009]
Much-anticipated housing plan aims to help as many as 9 million families
PHOENIX - Seeking to tackle a crisis unlike any weve ever known, President Barack Obama unveiled an ambitious $75 billion plan Wednesday to keep as many as 9 million Americans from losing their homes to foreclosure.
More expensive than expected, Obamas plan aims to keep between 7 million and 9 million people from foreclosure. Of the nearly 52 million U.S. homeowners with a mortgage, about 13.8 million, or nearly 27 percent, owe more on their mortgage than their house is now worth, according to Moodys Economy.com.
Headlining Obamas plan is a $75 billion Homeowner Stability Initiative, which would provide a set of incentives to mortgage lenders in an effort to convince them to help up to 4 million borrowers on the verge of foreclosure. The goal: cut monthly mortgage payments to sustainable levels, defined as no more than 31 percent of a homeowners income. Funding would come from the $700 billion financial industry bailout passed by Congress last fall.
Obama unveils $75B mortgage relief plan - Mortgage Mess- msnbc.com
And now-
U.S. Loan Effort Is Seen as Adding to Housing Woes [January 2010]
The Obama administrations $75 billion program to protect homeowners from foreclosure has been widely pronounced a disappointment, and some economists and real estate experts now contend it has done more harm than good.
Some experts argue the program has impeded economic recovery by delaying a wrenching yet cleansing process through which borrowers give up unaffordable homes and banks fully reckon with their disastrous bets on real estate, enabling money to flow more freely through the financial system.
Mortgage Modifications Are Seen as Adding to Housing Woes - NYTimes.com
CBS Poll: Lack Of Experience Hurts Obama
More than half of voters (51 percent) think Obama, a first-term U.S. senator from Illinois, does not have the right kind of experience to be a good president, compared with 29 percent who think he does.
On the other hand, 59 percent of voters think Clinton, the former first lady and a two-term senator from New York, has the right experience, while 35 percent think she does not.
CBS Poll: Lack Of Experience Hurts Obama - CBS News
Lets see the difference between good intentions and actual competence to do the job:
Then-
Obama unveils $75B mortgage relief plan [February 2009]
Much-anticipated housing plan aims to help as many as 9 million families
PHOENIX - Seeking to tackle a crisis unlike any weve ever known, President Barack Obama unveiled an ambitious $75 billion plan Wednesday to keep as many as 9 million Americans from losing their homes to foreclosure.
More expensive than expected, Obamas plan aims to keep between 7 million and 9 million people from foreclosure. Of the nearly 52 million U.S. homeowners with a mortgage, about 13.8 million, or nearly 27 percent, owe more on their mortgage than their house is now worth, according to Moodys Economy.com.
Headlining Obamas plan is a $75 billion Homeowner Stability Initiative, which would provide a set of incentives to mortgage lenders in an effort to convince them to help up to 4 million borrowers on the verge of foreclosure. The goal: cut monthly mortgage payments to sustainable levels, defined as no more than 31 percent of a homeowners income. Funding would come from the $700 billion financial industry bailout passed by Congress last fall.
Obama unveils $75B mortgage relief plan - Mortgage Mess- msnbc.com
And now-
U.S. Loan Effort Is Seen as Adding to Housing Woes [January 2010]
The Obama administrations $75 billion program to protect homeowners from foreclosure has been widely pronounced a disappointment, and some economists and real estate experts now contend it has done more harm than good.
Some experts argue the program has impeded economic recovery by delaying a wrenching yet cleansing process through which borrowers give up unaffordable homes and banks fully reckon with their disastrous bets on real estate, enabling money to flow more freely through the financial system.
Mortgage Modifications Are Seen as Adding to Housing Woes - NYTimes.com