THE NEW OBAMA FORCLOSURE PLAN

Obama has come out with his new foreclosure plan today and you can read more about it here. It seems that whatever he does doesn't work and there is no reason to believe this will be any different.

Until the economy is turned around (and he certainly is not doing it), how is this problem really going to be solved? No amount of government help is going to dig these people out of the housing nightmare they find themselves in.

Many of these more than 15 million homeowners that can't afford their mortgages don't have jobs or have no way to continue to pay their monthly minimum. The price of their homes has plummeted and now they owe more on their homes than they are worth.

We need jobs (and lots of them) and to get the economy going again so that people are willing to start spending. Until home prices start to go up and people start to get good jobs again, no Obama forclosure plan or Obama stimulus grants are going to do the trick. These things that Obama proposes are only temporary band aids and they don't solve the problem.

We have seen and it looks like we will continue to see Obama throw more and more money at every problem he faces. How long can this continue to go on? Until we are all bankrupt and China or Japan owns every industry in our country?

The new Obama home forclosure plan is more of the same old stuff that never addresses the real problem. Just like their new health care plan that doesn't address anything that really needs fixing like tort reform to prevent doctors from always getting sued.