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The failed presidency of Barack Obama

46 comments

The failed presidency of Barack Obama

POSTED: Monday, February 23, 2009, 7:18 PM

That's what Rick Santelli and his friends keep telling me. Meanwhile, in the reality-based world:

As President Obama prepares to address a joint session of Congress tomorrow night, he receives strong grades for his first full month in office, as large majorities of Americans support his $787 billion economic stimulus package and the recently unveiled $75 billion plan for stemming mortgage foreclosures, according to a new Washington Post-ABC News poll.

Nearly seven in 10 believe Obama is delivering on his pledge to bring needed change to Washington, the poll found, and about eight in 10 say he is meeting or exceeding their expectations. At the same time, however, the bipartisan support he enjoyed as he prepared to take office has eroded substantially.

Will Bunch @ 7:18 PM Permalink | 46 comments

46 comments

Comments (46)

0 like this / 0 don't • Posted 7:29 AM, 02/25/2009

Ok, I over generalized. But, it does hold true that the value of property is one of the surest investments that will make you money. No one held a gun to anyone's head; but, when you are told by a professional that something like home ownership is possible, why wouldnt you believe them? If faced with the choice of renting an apartment in a run down part of the city or having a shot of buying a home in the suburbs, that THE bank says you can afford, which are you going to do? Like I said before, I am not going to give you examples of hard working people that were lied to, that bought into the American dream with those same lies. You obviously just want to blame the homeowner and that is fine. I, personally, have no problem helping out the type of people that Obama has spelled out in his plan. You, genius, and others point out people Obama says he has no plan on helping. Those that tried to beat the system, speculators, etc. A writer for the DN offered a sane solution to this problem -- refinance all mortgages that are in trouble at a fixed rate, or the rate of the original mortgage, thus making the banks have to take these mortgages and some responsibility; but, to make homeowners shoulder some of it too, make the mortgages for 40 years. So people get to keep their homes, banks can still make a bit of a profit, and everyone should be happy.

— Master Dreamz

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Will Bunch, a senior writer at the Philadelphia Daily News, blogs about his obsessions, including national and local politics and world affairs, the media, pop music, the Philadelphia Phillies, soccer and other sports, not necessarily in that order.

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