Obama's Promise to Save Homes

Source: Associated Press

In 2009, President Obama signed a law to help homeowners save their homes from foreclosure. Must like other federal programs, the law was meant to help but in facts helps very few people. Worse, it gave hopes to millions of home owners and instead left them hopeless and resentful of the federal government and President Obama.

Here's the facts.

• President Obama promised to save 4 million homes whose home value declined in comparison to the principal of the mortgage.
• Only 449,000 homes have been saved thanks to this problem.
• As of August, 680,000 homeowners were denied new loans. This is a 51% disqualification rate.
• This month, only 18,000 homeowners are bothering to apply. Compare it to the 100,000 applicants in the first month the program was available.

This is just another lesson of how useless it is to count on the government to get the economy going again. They pledge millions of dollars but the requirements are impossible to meet for the average American.

Something else to consider, all this stimulus money is earmarked for government and public works jobs. That means if you want to work, you have to work for the government or for the powerful unions.

Obama's Failed Stimulus Package

When Obama first became president, he created and signed into law the largest spending bill in the nation's history. It in fact doubled the national deficit in one fell swoop.

He made certain promises too. He told us that if we passed this spending bill the nation's unemployment rate would not go above 8%. The current national employment rate is at 9.6%. He also said that it would create jobs.

To my Democrat friends, I have to ask you two questions. The first is, he promised the employment rate would not go above 8%. What happened? Why did it go up? There's only two answers you can give. The first is Obama was wrong. This means that from an economic policy standpoint Obama doesn't know what to do about the economy. The other is that Obama is a liar. He just wants to spend money and will say anything and promise anything to get it. I'll give him the benefit of the doubt and say he's incompetent.

This is why we need to remove Democrats from power, because they have no idea how to get us out of this economic mess. No comes word that he wants to propose another stimulus bill. All they can tell us is that George Bush and the Republicans got us into this mess. Well, they're half right. The economy began to tank in 2007 when the Democrats gain full control of Congress. The problem here is that George W. Bush signed every single spending bill so that he can continue to fight the war in Iraq. To me this will taint my opinion of him. He made the problem by not limiting the Democratic Congress.

This is my second question. Why did the first stimulus bill fail? It's failed because Americans were led to believe that the government would be responsible if they were given billions of dollars. If I gave private industry and government each $1 billion, who would spend it better? If you say the government then you don't know much about the government.

Let's take a look at the city of Los Angeles. According to the International Business Times (and reported nationwide), Los Angeles received $111 million from the 2009 stimulus bill. The money was earmarked to create jobs. Today, the number of jobs it created and saved was 55. That's over $2 million a job. The Los Angeles Department of Public Works received $70 million from the Stimulus Package. They created and save only 45 jobs.

Listen my Democrat friends and please tell me this does not disturb you. I can guarantee that if you gave the "rich" as you call them $181 million, you can damn well be sure they would create more than 100 jobs.

The only response that I hear from Democrats is that the city didn't get the money fast enough or this is George W. Bush's fault. Please someone tell me why they think based on these facts that President Obama knows how to fix the economy.

Mr. President let me tell you how to fix the economy. STOP EFFIN' AROUND WITH THE ECONOMY. That's right stay away. Stop trying to take over Wall Street. Stop trying to tax us for carbon emissions. STAY THE HELL AWAY.

All signs show that the economy is ready to come back. The problem is that no one wants to hire new employees because they don't know how much more money you'll take away because you want to raise taxes on the rich and two, Obamacare is driving up the costs of health care.

I'm just a simple guy and any pragmatic person when given the facts can see that you don't have a clue. We're tired of you blaming Bush. Fix the problem.