CNN

Every Obama program and initaitive have either not worked (ie the stimulus) or been mismanaged (Cash for Clunkers, the mortgage plan). Are we seriously considering letting this amateur run health care?

And we want this Bozo and his pack of circus clowns to manage healthcare? Come on.....no one's that stupid.

Any good news to help the American people is bad news to Republicans.

We are lucky we have a president with a heart instead of one own by the wall street bankers, the oil companies, the multi-national corporations and the military/industrial complex.

Its ineffective because the senate killed the cram down legislation. This legislation would have incentivized banks to negotiate lower pay or else have a judge settle the matter without foreclosure.

but we need more jobs, mr. pres, more jobs

To the Managers and Producers of CNN and Political Ticker you are getting desperate every day in reporting the news, so now you dig up all stupid remarks of Sarah Palin for news, your network is getting more and more like Fox News. Yet you always report that your network is the world leader in bring the news. Is it all about ratings? Shame on you CNN.start bringing true and real news not gossip. Thanks

He's basically giving money to people who would have qualified for a loan and been able to make the payments anyway. Banks are so tight with their mortgage funds that foreclosed people don't have a prayer of getting their hands on mortgage handouts.

As far as troubled borrowers, they'll either lose the house now or later. Might as well stop the bleeding and let them get foreclosed on.

Wow. Just read the vitriol about the president here. Does anyone take a step back and realize that 360,000 families were able to stay in their home last month becuase of this guy?

Let me say it again: Can anyone here say that tossing more than a quarter million families out into the street make sense? How can any one ever ever EVER think that is the road to recovery that this country needs?

To those who say this is simply rewarding bad behavior with your tax dollars: You have a lot to learn about how the world works. Because if YOUR mortgage rate went up to something untenable, or if YOUR job was cut unexpectedly, or YOUR investment portfolio evapoorated throgh no fault of your own – i'm willing to bet you'd be playing a different tune.

Here's a bit of common sense for you: The tax dollars you pay are the PRICE OF ADMISSION for living in a world where yes, even the irresponsible are cared for in some measure. Those are the facts. Adjust, or you are only part of the problem.

The plan could be far greater in success if you stop banker from picking the winners. People with a mortage should be automatically given an coupon so other banks can compete for their business. If the originator of the loan does not particpate their should be a fines and pass on to another lender who will assist the homeowners.

Obama sucks.....

12% helped with 100% paying the bill!!!

I work in the Mortgage industry and people are not getting help from this plan. They have to jump thru hoop after hoop and this plan is not competent at the moment. Which should scare the heck out of people because the government also wants to take over the American Peoples healthcare and run that. Wake up people the Government is not good at alot of things even with The messiah himself running the show.

12%? Does this include the money that Obama and his merry thieves paid to ACORN or some self proclaimed communist "czar" he admires to administer the program. What a waste of money and effort. I am still out here, playing by the rules, working for the my money to turn over to these morons to waste and I am real tired of it. Dope smokers, get jobs and pay taxes.

At least Presient Obama is helping some....left up to Republicans, nothing would be happening!!!

Making Homes Affordable under the Obama Plan is a joke! The Cram Down Bill need to be passed to give homeowners relief from losing their homes. Chase Bank is playing the paper lost game...big liars...big liars! They are not helping people save their homes. Don't trust these bank their not cracked up to be what they are reporting to the media.

Thats 12% more than 0...its clear that CNN carries water for the Republicans. The number of anti reform ads running on CNN today says it all.

it's still welfare, a very expensive form of welfare. still using my tax dollars... and my children's tax dollars, and my grandchildren's tax dollars, and certainly my great-grandchildren's tax dollars.

Only 12%. Hmmmm!

Why does everyone assume that just because you got behind on your mortgage, you are automatically a deadbeat freeloader? That's an ignorant and closed-minded thing to think. Interestingly enough, those spouting off lines like this are usually the first ones to quote unemployment numbers and whine about the economy–HELLO!! People losing jobs=not having the $$ to pay the bills. It's not their fault if they lost their job due to sucky economy, and it's not their fault if the bank approved them for a sub-prime loan. So get your facts straight and think about what you're saying before you start spouting off nonsense and spreading the idiocy around.
It must really suck to be filled with so much hate and loathing all the time...how do you live like that?

I forgot to state our income less than 110k before taxes as a couple.
So stop WHINING an MAN UP

First of all, oligarchy=political, socialism=economic. And I was being sarcastic, well, not really sarcastic, but def not advocating smaller government. The fewer people holding power, the scarier it is in my opinion. Which is why I don't particularly understand everyone screaming for smaller government–that only means that less people have influence over all the decisions being made. Now that's spooky...

I have not had a job for over a year! I m so tried of people whining.
We have always had our budget where if BOTH lost our jobs WE would
still be able to meet our obligations. If you have made bad decisions
that is not my problem that is yours I refuse to be made to pay for
some one being STUPID and UNABLE to manage their money.

Well, well, well! Liberals are now tossing out the "what would McCain do" excuses. Wake up! McCain is NOT the president so the "what would he do?" is a distraction from liberal failure! You own both houses of the Congress and the White House and STILL blaming Palin, Bush, and the GOP for your failures! Not very grown up!

According to the US Census Bureau, in 2007 there were a little over 50,000,000 mortgages in the US. Isn't it more accurate to say about 0.7% of "borrowers" were helped by this plan?

President Obama,

Your speech to the kids yesterday was excellent. Your speech to Americans today, will be the same. How do I know. Because most Americans stand behind you. Most Americans are with you.

Remember:

Don't give away the store, and we'll vote for you in four..... (years).

Obama voter=lazy, dont pay your bill dirtbags. Leave this country and go ruin another one. This country runs off hard work, not fat lazy uneducated ebonics speaking clowns. Sick of paying for you.

The people that DID not factor the risk in purchasing a home, to
put it very plain English are STUPID!
EVERY person knows you have a minim of six months reserve
of money to meet your obligation. Every one knows you read the
contract BEFORE you sign. (if you gamble it is not my responsibility
to bail you out)
If you can not run your on budget that is not my problem!
All the ones who did not factor the risk STOP WHINING, MAN UP,
GROW UP ACCEPT RESPONSIBILITY FOR YOUR MISTAKES.
NO ONE FORCED ANY ONE TO PURCHASED A HOME.

I love this president. He has really done a good job. I will be rooting for him tonight.

His hair is getting a little gray, but yours would too if you had the "Do Nothing Death Eaters" breathing down your neck 24/7. I hope the GOPers take a long walk on a short pier.

Obama/Biden 2012

This is all garbage. Who is going to invest in banks, where there monies are wasted. You cant get a morgage you cant afford. You cant own a building you cant afford to pay for. Bank monies belong to someone else. Not Barack Obama, or the Government...

rewarding bad behavior. my tax dollars at work.

The twelve percent number is about the same for the amount the gov has paid back for clunkers. WooHoo way to go uhbamy.

Reality meets grandiosity

This, along with Cash for Clunkers, should be a wake-up call for those who think a public health care option is the only way to go. If the government runs these small (relative to health care) programs like this, what is going to happen with healthcare? Folks who abdicate authority to the government are just too lazy, dumb, or apathetic to take care of themselves. What a mess this country is in!

Do Nothing and let the country failed has always been GOP motto
along with Tax cuts to the rich and who cares about the little guy.

This president is doing the opposite, now wonder, GOP is getting mad because Obama doesn't follow their principal or believes

Only thing Obama is doing is making the freeloaders even more prosperous. How about the hard working individuals who have always paid their taxes, never accepted welfare, decided to work for a living Why don't you help those individuals when things are down for them??? No it is the same old freeloaders that take advantage of it all!
I see it all around me, good people that are denied because they are not in the lazy, I don't want to work inner circle!!
Please this is just a trumped up welfare system that will only inherit more illegitate babies to feed on welfare!!

Leave the republicans behind and pass healthcare, and all other major bills, without them.
Republicans are worthless liars, and they are shaming our country.

The Banks are not following the rules for this program, And how do you Know there all dead beats what if they lost their Job? or in Medical debt because their Health Insurance company denied them coverage? But then again republicans only think they are Responsible ugh

Another failed program by obama, remember when he lied about the stimulus package keeping unemployment under 8%, believe we are above 9.6% now, what a visionary...

Cash for clunkers did a lot to help the auto industry of Japan. It also has greatly increased the cost of used cars for those people who have never been able to afford a new one.
The program did momentarily help local dealers but it will hurt their sales in the long run.
And I don't really like having to pay for someone elses auto with my children's tax dollars.

The current AARP Newsletter explains health care coverage fully. There are absolutely no so-called "death panels" but Palin insists on reiterating and spreading this ridiculous lie. Why do we even bother to pay attention to this "attention seeking" Republican! Palin, please stay home, take care of your children, and go fishing with your husband! You have no business expressing an opinion which does not make sense, but only serves to incite and misinform the public.

12%. Now that is a healthy amount.
As a suffering small business owner I have seen no help or support of any kind from the Obama stimilus.
Under his plan small business loan plans have been setup but no one will make them.
It seems that bringing jobs back to America as a solution is a thought that is beyond the mental capacity of those running our country.

Barack Obama the No-Hitter. No Honour... No Integrity.... No Truth...

For those who say cash for clunkers is a waste, ask US auto industry how it helped save them survive. Think about the population that depend one way or another on the auto industry.

Cash for clunkers allowed the production lines to start moving again and that is a good thing.

I have a clunker but I do not qualify and I still support the program wholehartedly.

God bless Obama and give him the strength, the wisdom and fortitude to keep doing what is right for the country

Amen.

yes, we the people get the peanuts while the Big guys steal the Treasury. Wake Up, America for the 4th Reich is upon us right now. Do not be lulled to sleep by little bribes as the Big Pharma's, Big Agribusiness (Monsanto et al), Big Oily, Big Bankers, Big Wall Street, Big Military-Industril (Blackwater, KBR, GE, Monsanto, Exxon-Mobil, Bit Tobacco, Big Crack et al, etc. The Republicon (neocon) scam is to downsize Government while declaring it is incompetent because these make it as such, bankruptig We The People as they consolidate all of the power. Were we to resist, we will find the WMD's in our face as the barrel (Mao) of the Gun rules supreme, control, power and finally Money creates Big New World Order (IMF, World Bank, WTO) as it continues to steamroll over this world to create the visions their sponsors/teachers (Milton Friedman, Chicago Boys (Klein)) enact the doctrine in waves of destroying the founding fathers dreams for us. Take our the Executive Branch, the Congress (long gone) and finally finish to incremental take-over of the Supreme Court. THIS IS WHAT WE ARE SEEING! Give the people a bone and give the best to the elites. if you think this is anything new, think again and read these books. There are many more! Peace

Nice bail out for people that bit off way more than they could chew. So now lets talk about the legislation put into place to prevent this from happening again. Um, uh, well, we, uh, what exactly did we do to prevent this from happening again?

Tim, you are barking up the wrong tree. Obama can only make the rules for the big dogs to follow but he can't make you refinance your house or get a job. It is up to the people who holds the key to our success. Please people if you use common sense and help the President then you will get the help you need. People just can't keep tearing him down and hope that everything will be alright for them. No it do not work like that. You have to give a little to get something.

Just to correct an error. Unemployment has increased by 7.4 million during the recession to stand at 14.9 million. We do not have 30 million people unemployed. Bloggers just make up crap.

I am wondering just how the idea works where you spend money to get out of debt and borrow money that you don't know where the money will come from to pay back, Debt is a curse which means you are a slave to the lender. There is always a day when it comes due... China anyone? There are so many things wrong with Washington leaders on both sides that need to get a reality check on spending. They are pretending that these numbers on paper are theirs to do with what they want. They need to run it like the average American family does. Don't spend what you don't have. If I don't pay my bills, there are consequences and no one bails me out, but yet my taxes every week are going to a group of spend thrift people who don't know how to run a government for the people. Washington needs to be cleaned out from top to bottom. The Leaders all need to punch a clock take a wage decrease and live there year round and serve the people.

WONDERFUL! I've been renting a cramped little apartment for the last several years trying to do the RESPONSIBLE thing and save up a substantial down payment before I sprung for a house. Now I find out that I could have been in a house a few years ago–an EXPENSIVE HOUSE–and when I got into trouble with the payments, I could have just sat back and let the governement and my fellow consumers and taxpayers pick up my slack. Serves me right for trying to be responsible and do the right thing.

AMERICA......LAND OF THE FREE-LOADER.......HOME OF THE BRAZEN.

Right on President Obama! Your plan of action is begining to work. Righties will pee in their tidy whities.

Great Job President Obama! Your plans for our recovery are slowing taking hold and improving our economy and our confiidence in the future. The housing assistance is just one of many very successful programs that have helped millions.

Thank you for pushing so hard for programs that help the average American. You are the People's President and truly care and understand what we must deal with in our daily lives.
We are behind you on healthcare reform and hope Congress will grow a spine and pass the legislation we need.

Shame on Republicans for doing NOTHING this entire year except telling lies, spreading fear, spreading hate, and only showing concern for the large corporations and insurance companies who pay them to continue to destroy the lives of Americans. The Party of NO is dishonorable and clueless on the reality of life in America.

I understand the need to bring reality back into the housing market. Prices were hugely overinflated and that needs to be brought in line. 'We can debate forever who's fault it is but seriously? i don't care. We need it fixed. There is another side, however. Banks are coming down hard on the people who have paid their bills. Pulling back equity lines regardless of loan to value ratios. In my case they insisted on a 54% loan to value ratio to retain my equity line. This pulls back funds that could be available to keep the economy going. This problem is also affecting many Seniors who are living off of reverse mortgages. I"m hoping someone is trying to keep tabs on these banks and their methods to stay solvent. Punishing those who have played by the rules seems counter productive, but banks aren't behaving rationally these days. In fact, i've seriously lost faith in banks entirely. I don't think they have any idea what they are doing.

And if McCain were president ... ?

Good one Laura, Oligarchy is better than socialism?

If 12% = 360.165 eligible slackers then 100% = 3,001,375 total eligible loans!!! Holy cow people get your life together and stop spending more then you can afford! We share a big portion of blame for this economy.

With the glowing success of this, wait until they bring you health care.

CNN, why no story about the cloture vote coming on Cass Sunstein today. Is he not as important as Sarah Palin, or are you cloaking that story at the administration's behest?

In this case, "borrower" is a another word for an irresponsible spendthrift with a warped sense of self-entitlement....like the hispanic woman school bus driver in New Jersey who bought the $800,000 house–a house that us taxpayers and consumers are probably now paying to keep her in. The overwhelming majority of these people are in the mess they are in due to their own GREED and STUPIDITY. Just another example of the federal government rewarding bad behavior-at the expense of the rest of us. LET THESE PEOPLE GET THROWN OUT IN THE STREET!

The initial bad/toxic loans were allowed and loaned to people who flat out could not afford them. It was a scam by lenders to line their pockets. Then when the banks began to fail it was Paulson that gave the money. So I don't blame Obama this all was allowed and went down under the Bush Administration. Lesson learned... Don't trust banks, insurance companies, or auto makers.

That's 12% more than would have been helped by John "Let them eat cake" McCain.

I love the fact that people think that a major program like this can be put into place, and just run perfectly from day one. Major programs, whether initiated by the government, or in private corporations, rarely run smoothly from day one. There are always fits and starts, and problems to be dealt with. If the program is properly administered, it will run better and better as time goes on.

I got your back Mr. President. Keep up the good work! Most Americans have common sense. The other 30% well you know..You hear them on TV..

Obama and his administration have pulled us out of a recession and he isn't even on pace to run up the national debt as much as Bushie did. By this time in Bushies administration, we had been attacked on American soil and were poised to get bogged down in a quagmire of a war. What do you want from Obama? So, I say to all the Right Wing loonies, shut it!

Reinflating that bubble.

Whenever I'm discouraged about our country's back a few years aga, I remember Ronald Reagan. He was a tragedy, a train wreck with retarded theories, such as Trickle Down economics, which almost wrecked our nation. I remember Bush, the worst President in all of history. And then I look how far we came in such a short time, electing one of the greatest presidents of all time, Obama. He considers america's best interests, rather then how to kill some foreign people or how to keep the rich rich and the poor holding their hands open waiting for something to trickle down. I also recall the years of Clinton, while not perfect, far better then any term any republican ever served with the exception of Lincoln (The republicans one and only great president, and a great one he was!).

Nowithstanding the Reagan/Bush/Bush "interludes," WE WILL CONTINUE THIS MOMENTUM!

I just know it! We are America — the GREATEST experiment in democracy ever!

God bless America!

It's nice to know that by me paying my mortgage payments on time and the taxes that come with working and paying that over 360,000 idiots have been helped. Wonder when their cash for clunker deals will start to fall through.......I guess I'll be there to support the same 360,000 for their new cars as well. Then we can move on to me paying for their health care and who knows , maybe the government will decide that everyone deserves a new boat, jet ski, and a vacation in Tahiti too !!!!!

Yes, indeed...of course there isn't a single Republican who bought a house they couldn't afford. Just like there are only uninsured Democrats and not a single Conservative is on welfare. God probably pays their rent and sends them their junk food stamps. It's only them 'Lazy Socialist Liberals' who are bleedin’ the system. Aaaargh!

Smaller government means fewer people making all the decisions that affect your lives and your freedoms...

Yes, indeed...or course there isn't a single Republican who bought a house they couldn't afford. Just like there are only uninsured Democrats and not a single Conservative is on welfare. God probably pays their rent and mails them their junk food stamps. It's only them 'Lazy Socialist Liberals' who are bleedin’ the system. Aaaargh!

Palin sounds great.. just like a candidate ready to address the nations needs... but one question must be answered... why do we non Alaskan residents that dont receive any type of government kick backs have to give up half of their pay check to be able to receive medical coverage.. Why is it that the upper class residents don't have to pay the same portions as we the lower class... sorry we just dont qualify as middle class anymore.. by the way who is paying for your healthcare... are you under cobra or do you have room for one more person on your band wagon so that I can get free healthcare or priced reduced healthcare? The only reason that you gave up your position as governor is to be able to make more money working as a lobbyist for the republican party.. little woman with a big mouth.. who could stop that ... no body.. who could hear the voices of the poor if you are talking for the rich ... your employers... great job.. keep it up..

Here come the "hands-out" Republicans, do-nothing-but-criticize-EVERYTHING-idiots:" Waaah, waaah! ONLY 12%??! Waaah, Waaah! My lil' granny is losing her home tomorrow! You gotta do more NOW, FASTER for us non-contributors-to- helping- America- out-of-the-crapper!!!

Meanwhile they will swear on their firstborn that President Obama has done nothing to help the taxpayers. Hypocrites, and opportunists these are your modern day Republicans. They will take what you've got, and claim you gave them nothing.

What is the government going to do to make sure these deadbeats finally pay on time, or move back to a rental apartment?

What a bunch of mooches. Why should my tax dollars go to support a bunch of non-working, crystal meth smoking, NASCAR watching welfare cases. They should get a job like us hard working real Americans. Have a nice day!

I currently have a Freddy Mac loan with Aurora Loan Services. I have contacted them since April trying to refinance because my house does not apraize for what I paid. They have yet to finalize the Freddy Mac loan modifications or refinance. Its great that Obama wants to help the people, but you have companies that have yet to do anything about it. They have had the money since March. What are they doing with it?

12%, huh? WOW. You should be VERY proud, Mr. Prez. Last time anyone I know got 12% correct on a test was thrown out of school.

How's that hope and change, suckers?

I know the banks are just stalling so they can make a fortune when they foreclose, plus they want the mortgage rates up and they get the money from Obama. I wish Obama would force them to comply.

Foreclosures will continue GOING THROUGH THE ROOF!!

When the government rewards bad behavior (giving free money to people who bought they couldn't afford).... those SAME irresponsible individuals will surely stop paying anything towards the mortgage in hopes of getting a government hand-out.

It's called GAMING THE SYSTEM.

Thanks Barack. Thanks for taking OUR tax-dollars and throwing it into the fire.

This REPUBLICAN like the rest are not worth a comment, bye.