I would love to hear the conservatives in this thread tell us why they object to president Obama's proposed mortgage re-finance proposal,
with specifics as to how this would make things worse, and not better.
Yeah simple!
This is Obama simply doing more wealth distribution. He isn't letting people keep more of what they earn. This is promising people (like me) who's houses are underwater (THANKS TO THE DEMOCRATS IN THE FIRST PLACE) that he is going to force banks to refinance.
Seems to me THAT'S HOW WE GOT INTO THIS! Democrats forcing banks to give out loans to people who could not possible PAY THEM BACK!
So, yeah, I am very MUCH against this idea. It's just a vote buying scheme.