"What [Obama] spoke about [last week] was tweaking the student loan program, which he now controls. ... [I]t turns out what he is offering the students is between $4.50 and $7.70 a month of relief. ... If his audience had known how minuscule is the benefit, he would have been laughed out of that auditorium." --columnist Charles Krauthammer
"President Obama made new rules to lower student loan payments which don't apply to delinquent borrowers. The program is only open to people who are current on their payments. Helping people who aren't in financial trouble is what he accused Bush of doing." --comedian Argus Hamilton
These are important steps that will help more homeowners refinance at lower rates, save consumers money and help get folks spending again,” the President said in remarks to the press in Las Vegas.WHAT HE DIDN'T SAY: Your ability to take advantage of HARP will depend on payment history and other factors including credit score, the structure of the current home financing and specific lender guidelines.
“This is an appropriate balancing of risk that’s being borne by Fannie and Freddie, and hence the American taxpayer. (Yep, we're still paying. SEE ABOVE PICTURE) This will make HARP more available.”(FHFA’s acting director, Edward DeMarco, ) Wonder if he is one of those who got a million dollar bonus for "trying".
Redistribution of wealth:(SEE ABOVE PICTURE FOR EXAMPLE) "The middle class and those who aspire to it have been sacrificing for the better part of 30 years right now and have seen their income go down and the share of taxes that they pay has been significant and so I think that right now what we need to create fairness [and] ask those who have benefited so much from things that we have all paid for -- for roads and the education of their workers and all the things that we all pay for -- I think it's time for them to pay their fair share. This isn't about revenge. This isn't about punishment. This is just about fairness." --Rep. Jan Schakowsky (D-IL)
HAT TIP : PATRIOT POST