OBAMA HOUSING PROGRAM IN CRISIS MODE

More than a third of the 1.24 million borrowers who have enrolled in the $75 billion mortgage modification program have dropped out. That number exceeds the number of people who managed to have their loan payments reduced to help them keep their homes. 436,000 have dropped out because 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. Many borrowers complained that the banks had lost their documents while the industry said borrowers weren't sending back the necessary paperwork.

COMMENTS:

So, now we have spent billions of dollars trying to keep people in their homes and we are ending up with the homes in foreclosure anyway. Great move, Obama. Don’t say I never warned you.

TODAY’S QUERIES & ANSWERS:

Q. Now that some time has passed, do you think it’s safe to buy a Toyota? (Marina ~ Elk Grove, CA)
A. I’d wait two years. They had so many problems in so many models that it indicates to me a systemic problem in the management ranks. They always had a good product before, and hopefully will again, but now is not the time.

Q. With the oil leak and summer being here, why aren’t the prices of gas going up? (Marlene ~ Weed, CA)
A. Because it’s an election year and Obama doesn’t want them to go up. Yeah, I know…Let’s have elections every year.

Q. Will General McChrystal get fired by Obama? (Lanny ~ Helena, MT)
A. If he has any guts, he’ll tell the Prez to “Take this job and shove it.”

TODAY’S QUOTE:

"Daddy, daddy, did you shake down BP yet, daddy?” ~ Rush Limbaugh

TODAY’S VIDEO:

http://www.mediaite.com/tv/white-house-says-pres-obama-golfing-does-us-all-good-as-american-citizens/

THE OBAMA TERRORIST TRIALS - DAY 220: