An August Surprise from Obama?

Supposedly done to help families who are underwater in their mortgages. An obvious political move to save the House and Senate in November. Article states that the political gamble is that more grateful voters will go to the polls and vote dem than outraged voters who will vote for our CONSTITUTION AND COUNTRY!

And if the obama administration wants to help people with mortgages, etc., then CUT TAXES and grow the economy; put people back to work. Quit taking OUR money, sending it to Washington, then back to the states, counties, cities. We send up one dollar and get back ten cents.

Silent No More. Remember in November. Recycle Government.
The survival of our Nation depends upon YOU.

An August Surprise from Obama?
Aug 5, 2010 00:26 EDT
James Pethokoukis, Reuters

Main Street may be about to get its own gigantic bailout. Rumors are running wild from Washington to Wall Street that the Obama administration is about to order government-controlled lenders Fannie Mae and Freddie Mac to forgive a portion of the mortgage debt of millions of Americans who owe more than what their homes are worth. An estimated 15 million U.S. mortgages – one in five – are underwater with negative equity of some $800 billion. Recall that on Christmas Eve 2009, the Treasury Department waived a $400 billion limit on financial assistance to Fannie and Freddie, pledging unlimited help. The actual vehicle for the bailout could be the Bush-era Home Affordable Refinance Program, or HARP, a sister program to Obama’s loan modification effort. HARP was just extended through June 30, 2011.

Hey Where's My Bailout.wmv