Reply #11: It's actually the opposite [View All]

[sandnsea]

I don't even want to get into the upside down thinking of the left at times, but billion dollar programs that "help people stay in their homes" is nothing more than a multi-billion dollar bail out for the mortgage companies. Understanding his approach to the economy is to look at it from the bottom up, not the top down method of the economic elites.

Obama does offer real assistance. He calls for a change in the bankruptcy law so that the court can modify mortgage payments, which they can't do now. He'll create a fund to help homeowners avoid foreclosure, and to help homeowners sell their homes if they need to. He also has a variety of legislation to regulate the industry, some of which he first introduced back in 2006. The $500 refundable tax credit is just something to help working class families, something he has included in every economic plan so far.

http://www.barackobama.com/issues/family/