Any “assistance” to homeowners ultimately ends up helping the banks and new home builders sitting on inventory. I venture that’s esmith’s thinking.
However Obama’s newly unveiled plan is even worse. Not in the amount, but in the implications.
Eventually the Gov’t will realize these caused more harm than good by strapping homeowners to mortgages they still can’t afford, preventing them from spending money anywhere else in this consumer economy.
It’s not a Republican problem anymore than it’s a Democrat problem, the media just chooses to demonize Republicans as the enemy, because apparently they like dulling society into complacency with handouts for stupidity and laziness.