Biden discusses need to rebuild America's economic strength

[1corona4u]

Des Moines, IA (December 21, 2007) – Today, at stops in Iowa, Sen. Joe Biden discussed his plan to help the more than 2 million families caught in the subprime mortgage crisis. Sen. Biden called for immediate action to shore up the housing sector and keep people from losing their homes.

"President Bush's first reaction to the subprime crisis wasn't to help families who might lose their homes, it was to create a $100 billion bailout fund for financial institutions that made bad bets," said Sen. Biden. "Protecting people's investments in their homes should come before insuring executives on Wall Street. Short-term patches and half measures that just help a tiny fraction of people just aren't good enough."

Noting that a strong housing market is fundamental to our economy, Sen. Biden called for a comprehensive plan to keep people from losing their homes by: cracking down on lenders who lure people into loans they cannot afford; modifying existing loans instead of racing to foreclosure; allowing bankruptcy courts to make changes in loans; helping families refinance by expanding access to counseling and affordable federally backed mortgages; and preserving access to credit by stabilizing the mortgage market.

"In a Biden administration, families will come first," said Sen. Biden. "I won't turn my back while people struggle to keep their homes. I would take four steps immediately to restore our economic strength: end the war in Iraq; deal with the crisis in the housing market; get health care costs under control by providing catastrophic coverage and invest in education."

http://www.iowapolitics.com/index.iml?Article=113892

[WheelWalker]

1. Joe Biden recognizes

the complex interconnectivity of every solution. Slogans don't cut it when you need results. No wonder this candidate is growing on me.

[Think82]

2. kick

[kad7777]

3. The time is now for BIDEN

http://www.youtube.com/watch?v=OtGCaqOdIJ4

[Kat45]

4. Biden comes up with a multi-faceted plan for every issue.

:kick:

[K Gardner]

5. He really does have it covered on all fronts, foreign and domestic. n/t

[jillan]

6. Bingo - ------ >

President Bush's first reaction to the subprime crisis wasn't to help families who might lose their homes, it was to create a $100 billion bailout fund for financial institutions that made bad bets,"

You got that right Joe!

[1corona4u]

8. Yeah....

Joe's Right.

[PatSeg]

10. That seems to be his answer for every problem

Pour money on the top, and in his case its LOTS of money every time. I've never seen such reckless spending in my lifetime.

[gateley]

7. As always, he cites the steps he would take. Not all the candidates are so specific. nt

[skipos]

9. On point. As usual. nt

[medicswife]

11. God I wish I had family

who could stay with my kids so I could go to Iowa and push for Joe before the Caucus!