Congress vs Obama

ROUND 2

FIGHT!

Where we last left off:
April 22, 2011
The Week of Spring 2011 Finals.

"Pack your belongings... Get out of the house now or I will arrest you!" yelled the man with the badge, directly at my 4'10'' mom.

With his hand ready to draw.

This is what I came home too
Rushing from my first final.

=->flashforward=->

President Obama's new plan to help home owners out of this restate crisis of the century and students with loans.

"Obama tried a new catchphrase — "We can't wait" — to highlight his administrative initiatives and to shift blame to congressional Republicans for lack of action to boost employment and stimulate an economic recovery.
Later in the week, Obama plans to announce measures to make it easier for college graduates to pay back federal loans. Such execCutive action allows Obama to address economic ills and other domestic challenges in spite of Republican opposition to most of his proposals.

Under Obama's proposal, homeowners who are still current on their mortgages would be able to refinance no matter how much their home value has dropped below what they still owe.
"Now, over the past two years, we've already taken some steps to help folks refinance their mortgages," Obama said, listing a series of measures. "But we can do more."

At the same time, Obama acknowledged that his latest proposal will not do all that's not needed to get the housing market back on its feet. "Given the magnitude of the housing bubble, and the huge inventory of unsold homes in places like Nevada, it will take time to solve these challenges," he said.
In spelling out the plan to homeowners in a diverse, working-class Las Vegas neighborhood, Obama chose a state that provides the starkest example of the toll the housing crisis has exacted from Americans. One in every 118 homes in the state of Nevada received a foreclosure notice in September, the highest ratio in the country, according to the foreclosure listing firm RealtyTrac" (Yahoo news.)CON