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How much is this plan going to cost?

It's no surprise that the gop can't put a price tag to their plan because they are clueless. They want to appear knowledgeable but America is not being fooled; they are all for themselves.

Wait, isn't this rewarding bad behavior? Giving a tax credit to people who couldn't afford the homes? Giving tax credits to mortgage lenders who signed off on these loans? I lived right, made the right choices, didn't live beyond my means. Where's my bailout?

Ohh, that's only if a democrat had proposed this. My bad, carry on......

This is what puzzles me. We have morons like Begala that want everyone to believe the GOP has no ideas but they do and they look better than the garbage being spewed upon us now. I am independent and believe that this two party system is a scam but I will go with whoever is driving us toward the cliff at 35 mph instead of 65 mph! Better yet, we need a viable third party to save us from this punch and judy scam going on.

GOP leaders were unable to provide an estimate of how much their proposed plan would cost.

Really? Big surprise! They're still trying to "Bushwhack" and "Reaganomic" us like they did for the last eight years!

"GOP leaders were unable to provide an estimate of how much their proposed plan would cost."

Yeah I bet they weren't because it just all talk no substance. They had all this time to come up with something and when they do they don't even say how much there plan will cost.

This is a joke!

The GOP's new plan...let me guess....tax cuts!
Wow what a new, exciting, innovative idea, now why havent we tried this before??

I know what the GOP plan is. Tax cuts for the rich. I am sure that will cure everything.

A $5,000 tax credit to help some refinance and to help them stay in their homes? Is this joke by the repulican party? I mean honestly. The closing costs alone of refinancing can be $2-5,000 depending on the state. How does that help someone refinance if they don't have the equity in their home? The 5k after closing costs will do little to their balance and little at improving the home owner's equity in the home. People are upside down on their mortgages and getting $5,000 wont' help them refi, it won't help forclosures which in turn won't help with dropping home prices. All they're doing is waiving $5000 grand in front of people to get them excited but not telling them the odds are they won't be able to qualify for it because it's not enough money to "bail them out". Keep trying repubs.

am ashamed of Jhindal and Thompson we Americans haev elected our Presedent and we stand behind him no matter what I'm sure they did the same with Bush and we all see where that lead us, but none the less he was our commander and chief so we carried his torch I cannot believe that these two have turned their back on the will of the American people just so they try and further their own polical ambitions. The future of this country is obviously not their first priority, I'll bet they were also pals with Madof and AIG too.

I want the numbers!!! How much will this cost?

Won't this increase the deficit? How will they pay for this?

Can't get excited about this plan because its very vague. How much of a tax credit will these mortgage companies (the same companies that received bailout money) receive? The Presidents tax credit for home buyers i believe was $7K, which now the Republicans are offering 15K. Then you have $5K credit for home refinancing...I'm sorry but the tag looks about the same...

The Presidents plan was a refi at a lower rate but the owners had to purchase PMI insurance for 10 years. So how is either plan not costing the tax payers and at the same time ensuring that the foreclosures rate will slow down? Seems like the sameole' to me just different label.

it seems the GOP is forming a new party after all, it's called we want america to fail, headed by limbaugh, jindal, and thompson, these people are unamerican, go away republicans, you are a disgrace to AMERICA.

First of all, it is apparent that these guys have not watched the news in the past two weeks. The housing market has seen 3 reports of improving health during this time. This was reported by CNN and was conjectured as one reason the stock market has rallied. Second of all, obama's housing plan was described over a MONTH ago. What exactly took so long to develop this alternative? Third, what exactly is the criticism of Obama's plan? They said it "doesn't make much sense." What exactly doesn't make sense? Details, please. And last, but certainly not least, how in the world can you present what you call a better alternative if you can't even estimate its cost? This is nothing more than a pitiful example of blind criticism against Obama without a sensible alternative solution. I was waiting over a month to hear what republicans would say about his housing plan. I am very disappointed.

"GOP leaders were unable to provide an estimate of how much their proposed plan would cost."

Un-Freakin'-believable

More tax cuts to mortgage lenders? Why does the GOP think that tax cuts to big business will somehow help middle America? It was these types of policies that got us into this mess. And no price tag? I bet they can't even figure out how much it would cost. Do your homework and come back with a real plan GOP.

This is too funny, their answer is Tax Credits.

So after all this criticizing that the best they cam up with?

Wow, just WOW!

GOP leaders were unable to provide an estimate of how much their proposed plan would cost.-

hehe...that's funny.

What I don't understand is why so many people are so much bothered by he election of Mr. obama!

A plan with no cost. The exact kind of plan I would expect from the GOP. Thanks but no thanks Cantor. Too little too late.

From what I've heard I guess I'm the only person to be turned down for a home loan in the last 5 years. I still can't believe my luck.

"Tax Credits", who knew the repubs would think so out of the box!

Hey Begala!

This is another plan that you missed. See, the Republicans do have a plan. Obama received the Republican stimulus plan in person from Boehner and Cantor.

Here is another plan, and I bet it is better than what the statists you endorse have come up with.

It must be horrid for you chasing imaginary shadows.

A $15,000.00 tax credit for those purchasing a house with only 5% down????? How about buying a smaller, less expensive home and the same amount of money would be 10% down and taxpayers don't need to supplement private ownership.

Sounds like more socialism to me!!!!

lol!

Glad to see the Republicans bringing good ideas into the debate!

Any solution to the housing debacle must help ALL American homeowners... not just the irresponsible ones who bought more than they could afford.

Incentives for new home purchases and refinanced loans gives opportunity to existing and will spur economic growth!

Now watch Nancy, Harry, and Obama ignore these good ideas and steamroll their way to a completely partisan bill – wasting $10 Trillion over the next 9 years.

Lol "GOP leaders were unable to provide an estimate of how much their proposed plan would cost"

That means it's expensive and they won't have a clue on how to pay for it, like they did with every other plan under Bush. Maybe they can sneak a couple of tax cuts in there for the rich while we're at it so we can go further into debt.

Color me shocked. Another GOP plan to help those who need it least, and throw the middle and low income worker under the tent in a city park. Nice. Their exile is going to be very, very long indeed.

You have a plan but it sounds a bit socialist? You are giving money away to citizens, the same as President Obama to help them out? And by the way GOP where will the average citizen get money to put down on a home when they don't have jobs. I don't think you get it.

We know the lib housing plan. It was summed up by that Democrat woman who claimed she was so happy Obama is now president and she is glad that she doesn't have to pay her mortgage. Libs are happy that they now can steal money from honest Americans to pay for the homes that libs never could or were going to pay for in the first place. Republicans want to help out honest Americans, libs want wealth distribution to satisfy greedy taker libs and punish those who play by the rules. The comments here tell you which side each poster is on.