February 18th, 2009
12:52 PM ET
9 years ago

Republicans, analysts question Obama's foreclosure plan

President Obama's $75 billion home foreclosure plan would benefit 9 million borrowers.

President Obama's $75 billion home foreclosure plan would benefit 9 million borrowers.

WASHINGTON (CNN) - Even before President Obama unveiled his home foreclosure plan Wednesday afternoon, some Republicans and political commentators questioned how exactly it would work to stave off a crisis plaguing the country.

House Republican Whip Eric Cantor, R-Virginia, along with Minority Leader John Boehner, R-Ohio, sent a letter Wednesday to the president "seeking clarification on six important questions about [Obama's] broad housing proposal," according to a press release from Cantor's office.

Obama unveiled his $75 billion multipronged plan in Phoenix, Arizona, that seeks to help up to 9 million borrowers suffering from falling home prices and unaffordable monthly payments.

But there could be fierce resistance among Republicans and some conservative Democrats on Capitol Hill.

Already, top Republicans want several questions answered, an early sign that Obama may once again face stiff opposition to the plan when it comes before Congress. Last week, not one House Republican voted for his economic stimulus package, and only three GOP senators voted for the bill.

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Filed under: President Obama
soundoff (139 Responses)
  1. gl, Pittsburgh

    Debby February 18th, 2009 3:26 pm ET

    Republicans did come up with a plan, its called cutting corporate taxes, payroll taxes and capital gains tax.

    Debby and it didn't for for 8 years. So we are trying something new!

    February 18, 2009 04:20 pm at 4:20 pm |
  2. Minnesotan

    Republicans don't even bother to read or research things before they start to whine. These are the guys who caused the whole problem and all they're doing is putting more stumbling blocks in the way. Republicans: Lead, Follow, or get the Heck out of the Way! You've already proven you can't lead, you're currently proving that you can't follow, so please, just get the heck out of the way and stop being such a bunch of whiners.

    February 18, 2009 04:21 pm at 4:21 pm |
  3. Sniffit

    @ LEFT out in the cold, who said "JP…what CAN repubs do against the 'party that won'? Nothing. "The party that won" put them in a corner, told them to turn their heads into the corner and come out when they are called. …except for three that played well with them."

    What's the problem? What you describe is a perfectly reasonable response when the GOP says "we're not budging...we want you to do everything the exact way we tell you to (tax cuts), because there is only one right way, which is our way, so you must keep repeating the mistakes we've made despite all the evidence or we're going to do every5thing we can to block you from doing anything."

    February 18, 2009 04:21 pm at 4:21 pm |
  4. godblessusa

    Of course, Republicans question the plan. And they will oppose it, as well, in lock-step. The GOP is not a party of conservatives, or even moderates. They have become the very definition of reactionary. If Obama supports, they oppose, period. They will also oppose – unanimously – initiatives on health care, banking and energy.

    The GOP is no longer a party of ideas. They have become a party of talking-points. And I speak as a former Republican.

    February 18, 2009 04:22 pm at 4:22 pm |
  5. Brian

    Republican's plan: Wait for Obama to try and come up with a plan. When he does: whine, cry and just say no. If these people who got us into this are not going to help find solutions or propose anything better, then please JUST SHUT UP! Come on voters, only 2 more Dem Senators (I was dumb enough to hope against a 60 Dem supermajority because I was scared of that much power being in one party's hands) and we'll have our filibuster proof majority! 2010 can't come soon enough. These reps for the GOP make the whole party look weak, dumb and ignorant. Moderate GOPers are probably shaking their heads in disgust like the rest of us. Resistance and making the President accountable are one thing, just saying no to everything and continuing to embrace failed ideology is quite another. What a shame, the country really needs all the good ideas it can get right now. 😦

    February 18, 2009 04:24 pm at 4:24 pm |
  6. Sniffit

    Yeah, Boehner and Cantor...the Dynamic Duo of Do-Nothing Dribble.

    February 18, 2009 04:25 pm at 4:25 pm |
  7. Darrel from Denver

    Republicans are doing everything they can to help ...... NOT

    What a bunch of weasels

    February 18, 2009 04:31 pm at 4:31 pm |
  8. CC from Chicago

    It's great to hear all the great suggestions that are coming out of the Republicans. Oh no wait, all I've heard are criticisms of what this or that bill doesn't have in it. To be a real party they will eventually have to come up with some alternatives, other than taking their ball and going home because they don't want to play.

    February 18, 2009 04:33 pm at 4:33 pm |
  9. R in Maine

    Republicans would rather do nothing in hopes that the economy will fail and give them an issue that will allow them to take over. The American Way, not a chance.

    February 18, 2009 04:33 pm at 4:33 pm |
  10. wycky

    i will rather listen to someone doing something than empty talks from republicans

    February 18, 2009 04:34 pm at 4:34 pm |
  11. Willy Brown

    #44 wants tax payes to pay for the people who should have no got home loans in th efirst place. It's callede socialism comrades

    February 18, 2009 04:35 pm at 4:35 pm |
  12. WhoCares?


    Yes, we get it. You post on here everyday about the idiocy of liberals and Democrats.

    You're a true Dittohead.....We get it.

    Now sit down in a corner somewhere and let the adults fix the problems that YOUR Republicans both created and are now refusing to even help fix.

    I think we should label you our own CNN "Cantor" since all you do is moan and whine like a 5 year old schoolgirl.

    Oh...Nice approval ratings you Republicans just got. Please continue your obstructionist ways and we might actually get all of you out of politics and really fix this nation.

    February 18, 2009 04:35 pm at 4:35 pm |
  13. danny

    Is there anything else these rethugs can do? other than opposing, questioning?

    February 18, 2009 04:37 pm at 4:37 pm |
  14. Glenn; North Carolina

    You know... The era of the "Great Decider" is over. He flushed our country down the toilet, took care of his Saudi buddies, and fattened everyone on his executive staff's walets and purses. How he survived 8 years alive still amazes me!

    Now you Rush Limbaugh dittoheads and you Ann Coulter diva wanna be's, sit down and shut up! It's time for us to clean your republican mess up again! You had your 8 years, and look what you did for us!

    Be proud... as another american family tries to figure out where their next meal is going to come from. Your party sickens me.

    February 18, 2009 04:38 pm at 4:38 pm |
  15. American

    Republicans are now a REGIONAL PARTY with very small popular support on national level .. who cares what they say anymore.

    February 18, 2009 04:40 pm at 4:40 pm |
  16. Mary

    They can ask as many questions as they want, but they should try to read the plan first and understand it (if there is any intelliegence left in the Republican parties these days other than saying NO), then ask clarifying questions. If they have any issue (not related to their ideology, but really with the plan), then they should come up with some suggestions or proposal to address those concerns.


    I don't think that's the goal of Republicans in the house or Senates though. They just want to stick to their OLD ideology, and putting people second. Come up with new ideas and show some sign of team work.

    February 18, 2009 04:42 pm at 4:42 pm |
  17. Marilyn

    I pay my mortgage and my other bills on time and in full. DO NOT ask me to pay yours also! You people who would not live within your means are the only ones responsible for the mess you are in. Deal with it.

    February 18, 2009 04:44 pm at 4:44 pm |
  18. Irony

    Republicans are going to question, if not outright obstruct anything PRESIDENT Obama attempts regardless to it's potential to help the USA.

    Yes, I said PRESIDENT, I'm tired of everone just saying "Obama" I've heard talking heads say "Former President Bush" and "Obama" in the same sentence. It is either "Mr. President" or "President Obama" not just "Obama" and not "Mr. Obama"

    February 18, 2009 04:46 pm at 4:46 pm |
  19. Debby

    gl Pittsburgh,

    We had a great economy and the stock market was booming. The problem arose when Fanny and Freddy were giving out mortgages left and right which was run by Barney Frank and other liberal Dems. to people who couldn't afford them. Bill Clinton was so successful because he cut taxes coming in and raised them when the economy got strong. His stimulous package came the last 4 years he was in office after the economy was on the rise. The Dem. congress has done zip in the 4 years they have taken over. Their approval rating is lower than Bush's.

    February 18, 2009 04:46 pm at 4:46 pm |
  20. Ryan

    Rob, you are an idiot! What do you call the last 8 years that has doubled the debt? Were you worried about your children paying for that run up? I highly doubt it you hypocrite.

    I have one question that no republican can answer. After eight years of tax cuts, If tax cuts work, why are we in this recession? Let me repeat that Biden style. If tax cuts work, why are we in a recession?

    Any republicans care to answer?

    February 18, 2009 04:46 pm at 4:46 pm |
  21. Sniffit

    I can't wait for what Obama does to work, so the GOP can say "no it didn't" despite all the evidence. You see, the difference between the GOP and Obama is that the GOP thinks they can come up with an ideology and make reality follow suit, so when confronted with facts contrary to their ideology, they just deny those facts exist and make up new stuff. Obama is actually looking at the evidence...his plan is partially based on something that is having some success already in PA.

    February 18, 2009 04:48 pm at 4:48 pm |
  22. Donna from Colorado Springs

    The republicans would question ANYTHING that President Obama does! They are so jealous and resentful that he beat McCain that they will find fault with and something wrong with everything and anything he does.Even if it benefits and helps the American people, they don't care! They are incredibly selfish and I don't think that they care one bit if this country goes under! They dance to whatever tune Rush Limbaugh is singing to them at the moment. That proves to me that they aren't too smart! They are so stubborn in California, that they would rather see that state go under than give the governor the ONE VOTE BY A REPUBLICAN that they need! They justify their actions by reciting what Ronald Reagan thought and said as gospel, and refuse to change their thinking with the times. They need to realize that they aren't in charge anymore and that we're in the mess we're in largely because of them!

    February 18, 2009 04:49 pm at 4:49 pm |
  23. Jeff

    The questions the Republicans senators are asking are good and fair questions that warrant a clear and direct response. However, if their overall objective is to continue a Republican obstructionist stance, then here are some good questions. Where is their plan? And where was their foresight and plan when this crisis began to unfold during their majority leadership under instituted deregulation? Offer solutions or you will be ignored and eventually voted out.

    February 18, 2009 04:49 pm at 4:49 pm |
  24. debbie

    There is nothing wrong with questioning,, in the sense of "seeking to understand". But the GOP's idea of questioning is taking potshots. Challenging is ok too...often the best solutions come from heated discussions where both sides negotiate and an "ah-ha!" moment yields something good. President Obama wants those dialogs to take place, but the GOP for so long has relied on rhetoric, initimidation and strong-arming, I don't think they know how to be part of a solution.

    February 18, 2009 04:50 pm at 4:50 pm |
  25. Sniffit

    @ Willy Brown

    LIAR. This plan will help a great many people who are suffering foreclosure, etc., because they lost their jobs or had their hours reduced as a result of the GOP reuining the economy. Repeating falsehoods does not make them truths "my friend," no matter how much baseless anger and resentment you manage to stir up. The GOP might get people to believe that what they say is the truth, but that doesn't change the fact that if and when it's not, reality has a very mean way of punishing us for it.

    February 18, 2009 04:50 pm at 4:50 pm |
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