GOP Nightmare: Obama fixes the economy

[cally]

This is a fascinating proposal to refinance mortgages. If a green building retrofit requirement was required to accept the new lower mortgage rate, we could significantly reduce carbon emissions.

http://www.salon.com/2012/01/06/gop_nightmare_obama_fixes_the_economy/

President Obama’s bold decision to ignore GOP obstructionism and make recess appointments at the Consumer Financial Protection Bureau and the National Labor Relations Board started off 2012 with a bang, inspiring long-deferred jubilation among liberals and paroxysms of outrage from conservatives. There’s an enormous irony here: After three ridiculous years in which conservatives unfairly and absurdly attacked Obama for impersonating a socialist tyrant, the president is suddenly acting like an actual leader — and now the right is really freaking out.

Here’s the nightmare scenario: What if Obama runs totally wild and uses his executive powers to fix the economy? He might, gasp, win reelection!

Sounds crazy, I know. But that’s exactly the sense of panic that emerges from American Enterprise Institute blogger James Pethokoukis’ excited-to-the-point-of-stark-terror post “January Surprise: Is Obama preparing a trillion-dollar, mass refinancing of mortgages?”

[NYC_SKP]

1. Recommended.

[cally]

2. how are you doing?

strange to see you on DU3

[NYC_SKP]

5. I feel naked without my avatar.

And a bit pissed that a couple members managed to get theirs added to the folder of choices but others who spent a lot of time keeping things sane don't get the same kindness.



I'll come over after they fix that little detail.

Happy New Year!

[NNN0LHI]

7. ALERT! No whining allowed here

You know I am joking around.

Nice to see you again.



Don

[NYC_SKP]

10. I stand by my rights!

Lets take this to the JURY (except #5, who is nutcase).

!!!!also joking!!!!

Nice to be here a bit...

[deacon]

3. Rush 'we need obama to fail'. n/t

[unionworks]

4. K&R

Oh PLEASE let this be true....

[HughBeaumont]

6. Pethokoukis is a CNBC regular.

Easy to see why. AEI . . .

[Motown_Johnny]

8. politics aside....

This would require people who are having trouble affording their home to put more money into their home (the retrofit) so that they can have a chance to keep their home?


These people would be required to do so even if they already owe more than the home is worth?


We are already so deep into this housing problem that I assume most people who could have refinanced already have. Those who remain are going to be the ones in the worst trouble (for context I lost a home 2 years ago).


These loans will also go right back to the same banks that has been screwing the pooch to begin with?


I'm not completely against the idea but I am going to need to see some details before I can get on board.

[cally]

9. The retrofit idea was added by me

d and their are many ways to finance needed retrofits that just need some minor policy changes.

[Scurrilous]

11. Heh.

[Ecumenist]

12. Ain't that a Bitch, LOL!!

their boy lost jobs EVERY quarter and our is putting them back, albeit slly.

[Quantess]

13. I sure hope so!