Obama Drops Jobs Push, Switches to More Mortgage Meddling
From the Washington Examiner. It’s a story here by Conn Carroll. “Last week, it was a bus tour in North Carolina and Virginia specifically pushing the aid-to-states portion of his second stimulus at the same time that Democrats were pushing for a vote in the Senate. That failed. This week, while Senate Dems push the infrastructure portion of his jobs plan, Obama will ignore Congress and launch a ‘We can’t wait’ campaign highlighting executive orders he is making to turn the economy around.” So basically Obama has abandoned his jobs push now, since the Democrats in the Senate wouldn’t vote for it. He’s abandoned that.
Now he’s moving on to the infrastructure portion, and he’s out there telling people on the stump, “You know what? Congress won’t do it, I’ll just do it myself, we’ll just do it with executive orders.” Examiner: “Today, in Las Vegas, Obama will focus on new rules he is initiating, that will make it easier for homeowners with little to negative equity in their homes to refinance through Fannie Mae and Freddie Mac. Then, after fundraisers in Las Vegas, Los Angeles, San Francisco, and Denver, Obama will make a second speech in Colorado announcing a program that will make it easier for borrowers to pay off their student loans. In the weeks thereafter, the White House plans to announce one new initiative a week.