Common Sense Capitalism
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- Mar 14, 2010
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The Associated Press (Borrowers exit troubled Obama mortgage program - Yahoo! Finance) has reported that homeowners are fleeing the Obama Housing (also known as mortgage welfare) program.
Why is this?
The Obama Administration claims that homeowners will "get help in other ways."
That does not answer the question, however.
The labor markets are not improving, and I can't imagine people getting Census jobs and automatically feeling secure about paying their mortgages.
What's your theory?
Why is this?
The Obama Administration claims that homeowners will "get help in other ways."
That does not answer the question, however.
The labor markets are not improving, and I can't imagine people getting Census jobs and automatically feeling secure about paying their mortgages.
What's your theory?