Hillary Clinton’s Plan To Help The Housing Crisis - with youtube video
Posted by Catherine Morgan on March 25, 2008
Hillary Clinton’s Plan To Help The Housing Crisis — by Catherine Morgan (cross-posted at Care2 Election Blog)
* ALSO SEE: Hillary…Don’t Quit!
Hillary Clinton unveils 4-step plan to help homeowners. Now is the time to help struggling people.
Hillary Clinton unveils 4-step plan to help homeowners. Now is the time to help struggling people.
This is from an article in Business Week…
Even though her proposals would involve tens of billions in government spending, Clinton moved to head off anticipated charges that such measures would constitute a bailout. “To those who object to our government helping middle-class and low-income families devastated by the housing crisis, I say this: We’ve given Bear Stearns a $30 billion lifeline, we’ve given their creditors, their lenders, their customers, and those associated with them the same lifeline,” she said. “How can you tell a family about to lose their home that there’s nothing we can do to help them?”
I think this is a great plan, and it would be much better for the housing market to help people not go into foreclosure. Not only does foreclosure hurt the family that is made homeless, but it hurts the whole neighborhood, by bringing down home values for everyone.
I personally know more than one family who have been struggling for years to pay their mortgages, and now find themselves facing possible foreclosure. These families have already made huge sacrifices to keep paying their mortgages, in hopes to someday have at least a small nest-egg in their homes. But now those homes aren’t even worth what paid for them, and even if they were able to sell their homes (and many can’t even do that), they would lose money. On top of everything else, the cost to heat these homes has skyrocketed, and so has gas, food, healthcare, and just about everything else. Finances have gotten so bad, that these people feel the only solution is to walk away from their homes and their mortgages.
We need to find a way to help people who (up until now) have been struggling each month paying their mortgages, but who now feel their only option is to abandon their American Dream. We need to find a way to throw these families some sort of life-raft and help them get through this crisis with their dignity and hopefully their homes. More foreclosures, more abandoned homes, and more homeless families is only going to prolong this housing crisis.
And the problems facing the middle-class is not limited to the housing crisis. Rising healthcare cost are seriously hurting many families…
This is from The Washington Post…
Recent history has not been kind to working-class Americans, who were down on the economy long before the word recession was uttered.
The main reason: spiraling health-care costs have been whacking away at their wages. Even though workers are producing more, inflation-adjusted median family income has dipped 2.6 percent — or nearly $1,000 annually since 2000.
There is no doubt that we are facing serious economic problems in this county. Since stopping this economic crisis is obviously not going to happen, we need to find the best way to get through it…and it shouldn’t be every man for himself. The more we collectively help Americans that need help, the fast are economy will recover from this crisis. The longterm costs of not helping these families, could end up being even more devastating to our economy.
What do you think?
ALSO SEE: POLITICAL VOICES OF OVER 375 WOMEN WHO BLOG ON POLITICS
March 26, 2008 at 12:41 am
You should realize by now that the American middle class has been destroyed. All the financing scams and mortgage gimmicks that finally blew up can not hide the fact that the American way of Life (live like there is no tomorrow at everybody’s expense) American jobs, American debt, and American credit are financed by foreign countries and foreign resources, (many European banks invested in these American made scams also and lost billions. The entire FINANCIAL HOUSE OF CARDS is built on lies and the entire AMERICAN DEBT PYRAMID including baby boomers retirement, pension plans that are unfunded, interest on the national debt etc will all come CRASHING DOWN hide the facts as long as you may!
March 26, 2008 at 12:48 pm
I’m not one for building castles in air; I believe that we need sound, practical government in order to tackle the country’s problems effectively. To that end, speeches like this one in which Hillary clearly outlines a 4-step plan play much better with me than calls for “hope” and “change”, however valid and inspirational they might be.
I think there is still something to be said for what Obama brings to the table. He is obviously a gifted public official and he has appealed to many people who have grown disenchanted with American politics. I may prefer Hillary as an “in the guts” operator, but I will not join the ranks on both sides of the Obama/Clinton divide that castigate and belittle the opposition. The OPPOSITION, is John McCain, might I remind you.
In my opinion, the best encapsulation of why Hillary is the right choice for America comes in this column which published in the San Jose Mercury News on Super Tuesday. It explains the fundamental difference between Hillary and Obama, not petty issue discrepancies or pastor scandals. It’s really fascinating to read, and it gives you a better idea of what to expect from a seasoned political operator like Hillary Clinton. What can you expect? RESULTS!
March 26, 2008 at 5:53 pm
Thank you for this article and thank you BigRay for the link you provided. It’s too sad that the biased coverage in the mainstream media against Hillary Clinton covers up the remarkable woman and politician that she really is! I hope that people will start looking at her ideas - for every crisis she has a plan and doesn’t just say she has a plan - she spells it out for everyone to read/see/hear. She has answers and solutions. Hillary 08!
March 27, 2008 at 1:30 pm
Hallary has a great Plan for housing
WINNER TAKE ALL is the method that was used by Republicans for their primary elections.
That has been the method used by the Democrats in the past. That is the method used in the General Elections since 1776 and is blessed by our forefathers when they wrote the constitution. The current method used by Democrats where proportionate method is being used in a micky mouse fashion is totally illogical and results in infighting and is weakening our party. In addition the Caucus approach causes 2% of the eligible voters (inexperienced voters plus independents + Cross voting by Republicans) to select a winner in a state. For example in Texas, Hillary won by 100000 votes yet Obama got 6 more delegates than Hillary. This kind of approach has never been used in any country throughout history. THUS WE ARE USING A METHOD WORSE THAN ANY BANANA REPUBLIC. The whole world is laughing at us specially the Al Quida and the Iranians who see B. Hussein Obama leading in an
Illegitimate fashion using the results from a faulty election process where Florida & Michigan results will not even be counted. If we had used the WINNER TAKE ALL method , Hillary would have been declared Democrat nominee by now. Let us see whether it is true.
USING THIS METHOD HILLARY WILL HAVE 1427 PLEDGED DELEGATES AND Obama will have 1260 pledged delegates. Hillary has 246 super delegates and Obama has 210 super delegates resulting in 1673 total delegates for Hillary & 1470 for B. Hussein.
Now let us assume that Hillary wins, PA, WV, IN, KY, PR and Obama gets NC, SD, MT and may be OR, and also assume the remaining superdelegates are split in the same manner as upto now, Hillary will have 2234 delegates and B. Hussein will have 1828 total delegates. NOW YOU GUYS & GALS TELL ME WHO SHOULD BE ON TOP OF THE TICKET? Mind you I did not include FL & MI in this calculation otherwise Hillary will be leading B. Hussein by 2501 to 1914.
DNC members and both pledged and super delegates , you can still change your vote based upon the momentum and electability of the candidate . Using any criteria, Hillary should be the nominee and we should have the DREAM TICKET. GOD BLESS AMERICA not a MILLION TIMES BUT HUNDRED BILLION TIMES
March 27, 2008 at 1:31 pm
THIS IS ONLY FAIR
Cuurently Clinton has 267 electoral votes and Obama has 202 electoral votes using the same method as used in the General Election . Assume that Hillary wins PA, WV, Indiana, KY
and Obama gets SD, NC , OR , MT , Clinton will have 318 electoral votes and Obama will have 220 Electoral votes. Let us not include MI & FL for Clinton. Even then Hillary beats B. Hussein by 274 to 220— winning by 25% of the total electoral votes. Do not blame me. Electoral vote method has been used since 1776. It is in the constitution and was designed to eliminate strife at the end of the election. Thus again Hillary will be the winner. Obama thinks by winning 28 small states mostly caucus states , he needs to brag at every rally that he is the presumptive winner because of winning so many states most of which will be won by Republicans in the General Election and ignoring the wishes of people of FL & MI. These phony victories have gone to his head and he has started imagining himself to be the PRESIDENT of this great nation.
LET US WAKE HIM UP IN THE NEXT TWO MONTHS TO SHOW HIM WHO SHOULD BE THE NEXT PRESIDENT OF THE USA.
March 27, 2008 at 1:41 pm
Federal Reserve has spent 800 Billion to rescue bumbling banks and investment banks since August last year and they are giving them money at 2.25%. Spend at least $200 billion for homeowners to refinance their homes at 4% fixed for 10 years both for personal homes and rental properties upto 4 units. No exceptions for poor credit. The credit scores of people has gone down because they are behind payments or they cannot refinace because banks still will not loan them money.With a leverage of 10% down, it will mean we will have actually invested $2 trillion into the housing market The housing problem will be solved in no time as the property values will reflate upwards.The worst danger is deflation and any other solution will have no effect like pushing on a string.They should not worry about the falling dollar as our exports will increase and dollar in 5 years will come roaring back.
It is OK to let the stock market crash a little bit so that money from the stock market comes running back to housing. Increase margins for commodities and stocks to 100% down. All the speculative money going into oil futures and gold and copper futures will go into housing and oil price will crash below $60
WAKE UP FEDERAL RESERVE BANK, HILLARY & OBAMA Have the guts to propose something which will work rather than putting 5 million homes into foreclosure in the next one year
Reducing interest rates for banks is not helping home owners as they are not passing on these reduced rates to the general public.
April 1, 2008 at 10:36 am
WE NEED A BLACK MAN IN OFFICE