More Of The Same Failed Policies

Well over a year ago, the President rolled out a new $75 billion dollar program to help 9 million homeowners who are underwater on their mortgages. At the time, I said that at best, about 1 million of those homeowners might get some relief (Click to See My Blog Entry of February 2009: The 31 Percent Solution?).

We know, today, that this program did hardly anything to fix the foreclosure problem. In fact, only about 175,000 homeowners got help from Obama's original mortgage relief program. That's quite the shortfall against his original projection that 9 million would be saved from foreclosure. So, once again, Obama is now putting up another $50 billion dollars to abate the estimated 12 million foreclosures that are expected over the next 3 years (Click to See Full Story: Obama orders fresh help for struggling homeowners).

My only comment is that this man knows nothing about almost anything and his programs totally stink. This is the guy who is running around force feeding us the B.S. that his health care system will be so great for America. Nothing that he has promised has ever come true. When is the media and the rest of the Americans who now support Obama going to come to the realization that this man is a complete failure and should never have been President? He was the worst possible choice to help us out of this recession. He just keeps spending billions on top of past billions in trying to solve problems while repeating the same failing solutions over and over again. That to anyone is the pure definition of insanity.