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18th February
written by Sean Noble

Obama made a passionate speech in Mesa.  He’s a good speaker, even when what he is saying is very different than what he wants you to think he is saying.

Call me skeptical, but giving more of our nation’s mortgages to Fannie Mae and Freddie Mac, as Obama’s plan does, will not engender much confidence.  These are the very organizations that created this housing crisis.

We never learn.

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  1. Jill

    Is it that people don’t listen to what he is saying because all they pay attention to is his celebrity status and his teleprompter-enabled charisma, or do they really think these are good ideas? I don’t know which scenario is more disturbing.

  2. Carol

    The first half of the speech was predictable, feel-good sentiment. Then when he finally got to the meat and talked about how “we are going to make it possible for deserving people to stay in their homes, while we make sure that the undeserving don’t benefit from this opportunity” he was short on specifics. Separating the wheat from the chaff is harder than it sounds. And I noticed no “dial 1-800-save-my mortgage” number given out. How is this going to be implemented?

  3. Joe

    Notice he is wearing a flag lapel now and that his PR had to come out and make a statement about it after the speech. Seems that they want to confirm that since he has won the presidency he will support the American flag. I agree with you Carol, although the deserving people are ones that are paying down their mortgage and did not get above the 31% ratio he talked about. i know plenty of those that are still struggling due to the loss of a job in the household. What about them? Not that I support this whole thing, but it seems that his legislation so far is in support of those that have mismanaged their money in the first place.

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