Saturday, July 18, 2009

Another Obama failure

The problem is when a man sets himself up to be a god and a savior to the American people, he must damn well be able to pull it off. As a candidate, Barack Obama told this entire country he had the answers to all of their problems. He could fix the gas prices, their mortgages, get them high paying jobs, educate their children, give them free health care and make the rainbows dance and the seas part. Some suckers in this country actually believed him.

When it came time to deliver, turns out Barack Obama is actually a man, not a god.

Another day, another of President Obama's programs are exposed as a failure:


The Obama administration’s $50 billion program to curb foreclosures isn’t working, and the White House knows it.

Administration officials blame the mortgage servicers charged with carrying out the mortgage modifications and refinancing under the federal program. Many of their Democratic allies on Capitol Hill back them up, but others are criticizing the White House for fumbling the execution. Whatever the reason, the program hasn’t stopped the rising tide of foreclosures: Experts predict that at least another 2 million homes will be lost this year, and the administration’s plan has so far reached only about 160,000 of the 3 million to 4 million homes it was supposed to protect over the next three years.

That’s bad news for the economy — and bad news for the Democrats.


No comments: