Search This Blog

Friday, August 20, 2010

Another big success for Obama

The main program established by the Obamacrats to help those in danger of losing their homes has just passed a major milestone. The program has now lost 50% of all its participants without providing them any help. The idea of the program was to enable those on shaky ground to renegotiate their mortgages and reduce their payments. Only a small portion of all those who could lose their homes qualified for the program, and total enrollment was just over 2 million people. Only about a third of those people have received any benefit from the program, however. About a half of them were just dropped from the program by the government. The remaining sixth are still being processed. So the obamacrats pass this program with a great cheer about how they will be helping all those who might lose their homes. In reality, though, less than ten percent of those who were in danger got any help at all. A few more "successes" like this, and the country can declare bankruptcy.

No comments: