Upcoming Foreclosures

Why is Obama having a job fair and helping people with foreclosures?

He will promote green jobs as they are advertising in the states to get Al Gores goal taken care of. As far as the foreclosures go those people were given loans way out of their wage earnings and that is their fault and the banks or organizations where they got their monies. He is just giving our monies away and not thinking like a President should when the economy is bad. Obama is making America go down fast.

Public Comments

1. ?? Obummer ? Yep. He's turning the U.S. into another Titanic and he's the iceburg...
2. Because his party is responsible for the entire mess.
3. Funny...people on here cry that he does nothing to help forestall foreclosures and get people back to work, but when something does get done, someone complains. It is generally conceded that one of the fastest growing areas for jobs in the future will be green, whether or not the government promotes them. Therefore, it makes sense to promote placing unemployed people into jobs in an expanding part of the economy - jobs that will be stable and less likely to be lost as the economy changes. And while you are correct that many people overbought, many people also were harmed by the economy (job loss, hours cut, salaries/wages cut) through no fault of their own. The housing market is already weighted down by foreclosures (sales and prices down tremendously) and future foreclosures will just harm the market even more, Since the banks had a hand in creating this disaster, it is only right that the President should use the bully pulpit and whatever economic leverage he may have to get the banks to correct the situation.
4. Grow up.
5. Mr. Obama has to appease his Left Wing Base, hence his promotion of "Green" jobs. However the jobs he is promoting, wind and solar, are at this time economically infeasible. They aren't efficient enough to significantly refuse the use of foreign oil. They Can be of assistance but to become "Energy" independent, we need to use our own fossil fuel resources. However that means getting by the N.I.M.B.Y.s. The Housing Bubble which is responsible for this current economic mess is the result of several Federal Government programs that interfered with the free market system. First was the Community Re-investment Act sponsored by Rep. Barney Frank (D-MA) and Sen. Chris Dodd (D-CT). This act FORCED banks to make loans to people that they otherwise would have turned down. Then there's the fact that Barney Frank made it appear as the Government would secure those loans via Freddie and Fannie. Add the Federal Reserve has been keeping interest rates at a artificially low point and there you go. Obama as a Senator and campaigning for president voted for the bank bail outs (T.A.R.P. toxic asset recovery program). Bush was forced to sign the legislation and when Obama took office 01/20/09, he then used the money for TARP and his Stimulus Plan to further the Left Wing by increasing the size of government and not actually help the part of the economy that causes it to grow and that is employment. If he had helped small business' with tax cuts and incentives to invest their capitol into their business', unemployment would/could have stayed below 10%. Instead, because he has increased the size of government and demonized investment banking and has threatened to take over still more pieces of the banking industry along with prosecuting the investment side, no one will loan money. Obama's policies are also keeping the housing market unnaturally high after it's bubble burst by guaranteeing these home loans and stopping foreclosures. By letting the housing make to reach true bottom and by keeping government completely out of it, the economy would have righted itself and we would have started to see real growth. We have no recovery and won't have one until jobs in the private sector are created. When people have jobs and reasonable security that their jobs will remain, they will spend money. Money that will be used to further increase the private sector workforce and further increasing spending. GDP and GNP will rise at a standardized and predictable rate, interest will rise to what it truly needs to be without causing inflation and then all will be well. But since the Liberals are in charge of the current reigning party, this will never happen. They will spend, spend and spend and when they run out of OPM (Other People's Money), they'll just run the presses faster and longer and soon it'll cost you $1,000,000.00 just to buy a loaf of bread. You'll need a wheel barrow just to buy gas. Don't believe me, look up Wiemar Republic in Germany right after WWI and just before Hitler.
6. all politicians *promise* things~but in the end that is an empty *promise*