Is Obama just flat effing stupid, or actively malicious?
A major reason so many have fallen out of the program is the Obama administration initially pressured banks to sign up borrowers without insisting first on proof of their income. When banks later moved to collect the information, many troubled homeowners were disqualified or dropped out.
Telling a bank to not bother checking on a borrowers income BEFORE you actually sign papers...
President Obama will likely discuss setting caps on the utility sector when he meets with senators this week, White House Chief of Staff Rahm Emanuel told the Wall Street Journal on Friday.
A: This is bullshit to start with.
B: Even if it wasn't bullshit, it will slam the economy. Remember Californicated a few years back? Price controls on energy? Blackouts and brownouts and a recalled governor? Think of that idiocy on a national scale.
Personally, at this point I see it as actively trying to damage or destroy the economy so they can try to rebuild things on their Progressive Model. And they have no damned care at all for the people who'll be destroyed, or their oath of office, because those things get in their way.
Kind of an interesting choice: tar, feathers and rail or just move straight on to the noose?