Another thing Obama has NOT done: Obama loan relief plan hits goal early

[Peacetrain]

Just kidding ;)

http://news.yahoo.com/s/ap/20091008/ap_on_bi_ge/us_foreclosure_aid_4




By ALAN ZIBEL, AP Real Estate Writer Alan Zibel, Ap Real Estate Writer – 43 mins ago

WASHINGTON – The Obama administration said Thursday that 500,000 homeowners have had their loans modified under its mortgage relief plan, reaching a goal set over the summer.

The $50 billion program, launched in March, is designed to reduce foreclosures by lowering borrowers' monthly payments to more affordable levels. The program was slow to get going, but officials still believe the program is on track to help between 3 million to 4 million borrowers within three years.

The government has also launched a new effort to streamline the application process and simplified income and documentation requirements. And top administration officials were meeting Thursday with executives at large mortgage servicing companies to discuss their progress under the program.

[dionysus]

1. b-b-b-b-but he hasn't DONE ANYTHING!11!!11 *wail, gnash, soil*

:P

[dmallind]

2. It's just Bush all over again!

DINO's! DLC! Blue Dogs! Conservadems! Help me!!!

[cliffordu]

3. BBBbbuuuut.........HE'S TOTALLY FUCKING WRONG!!!! SERIES!!!!

You must have him confused with some other guy.

[NYC_SKP]

4. Meet the New Boss...

Some *hole said that once.

Maybe it was more than one *hole.

[sandnsea]

5. More Recovery Act targets announced

by Biden.
http://obama-mamas.com/blog/?p=409

Batteries for Vehicle Electrification: By the end of the year, the Department of Energy will have put in place funding for battery manufacturing plants that can power 400,000 plug-in hybrid electric vehicles, each year.
Military Hospitals: The Department of Defense will begin 34 construction and modernization projects at hospitals and medical centers throughout the country over the next 90 days, for a total of 65 hospitals and medical centers with projects under construction since passage of the Act.
National Parks: The Department of Interior will begin on-site construction improvement work in 105 more national parks throughout the country over the next 90 days.
Small Business Assistance: The Small Business Administration will provide and leverage $5 billion in capital to over 12,000 small businesses through two key lending programs (7a and 504) in the next 90 days.
Fuel Efficient Bus Purchases: By the end of the year, the Federal Transit Agency will have awarded enough grants to enable the purchase of approximately 10,000 new transit vehicles across the country.
Housing Loans and Rehabilitation: By the end of the year, the Department of Agriculture and the Housing and Urban Development Department will have provided housing loans and capital funding to finance, build, or renovate over 100,000 households across America.
Renewable Energy: By the end of the year, the Departments of Energy and Treasury will help fund renewable energy projects that will generate enough alternative energy to power 900,000 homes in the United States once completed.
Road Projects: By the end of the year, the Department of Transportation will have obligated enough funds to support 10,000 highway projects.The Recovery Act was signed into law on February 17, 2009 and was designed to create jobs and drive economic growth through a combination of tax relief, economic aid and funding for science, technology and infrastructure projects across the country. The Council of Economic Advisors estimates that the Recovery Act is responsible for approximately 1 million jobs so far.

And a $5 billion investment in biomedical research
http://obama-mamas.com/blog/?p=411

[impik]

6. Naa, he's a sell out

He's worse than Bush AND Nixon combined.

[katandmoon]

7. In the meantime they are letting big banks continue to pull the same crap

That led to this program in the first place.

It's nice for whatever homeowners they say they helped. There is no detail that lets us know whether or not this loan modification actually kept them in their homes or not. "Helping" is a very, very broad term.

[Cha]

11. "They say they help"? Look at you..acting all superior like

you don't believe anything good could come out of this Obama White House.

[scheming daemons]

8. Not that the usual suspects are NOT posting in this thread...

....goes against their "narrative".

[frylock]

9. knr

[Cha]

10. Might as well say "NOT".."Obama hasn't done

anything, etc, he's just like a republican". So now what's he Not done?:)

This sounds good and to be a relief to many homeowners.