Thursday, January 28, 2010 |
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Some listeners criticized President Obama
for failing to pay more attention to the housing crisis in Wednesday
night’s State of the Union message.
Obama promised to “step up refinancing so
that home owners can move into more affordable mortgages,” but he
didn’t offer any details. There was no mention at all of addressing
falling home values, restoring the mortgage-backed securities markets
or shoring up FHA, critics said. Nor did he mention expiring housing
tax credits.
Fresno, Calif., Rep. Jim Costa, said, "The
president made no mention of the two most serious issues affecting our
Valley's economy: water and housing."
According to a survey conducted for
Trulia.com and released shortly before the president’s speech, 36
percent of respondents gave the president a passing grade or better for
his efforts to improve the housing crisis. A year ago, he got passing
grades from 54 percent.
Source: UPI.com, Steve Cook (01/28/2010) |
Thursday, January 28, 2010 1:55:34 PM (Eastern Standard Time, UTC-05:00) | | Featured
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