With Jobs Bill defeated in Congress, Obama begins implementing it by edict anyway

[Little-Acorn]

Apparently President Obama isn't too worried about what those stuffy old dead white guys who wrote and ratified the Constitution thought. The concept of Congress having to approve laws before they go into effect is _so_ 1789. They voted down his Jobs Plan, but he's not going to let that stop him from making it law anyway. He'll just put it in place himself, a piece at a time.

Obama is a liberal. He knows what's best for the country, so he's just going to make it that way. And if the elected Congress objected, well, what do they really matter, anyway? In Obama's opinion, this is far too important to let them have a say in its passage... if their opinion doesn't match his.

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http://www.reuters.com/article/2011/10/24/us-obama-economy-idUSTRE79N0J920111024

Obama to announce actions on housing, student loans

Reuters/Joshua Roberts
WASHINGTON | Mon Oct 24, 2011 8:03am EDT

WASHINGTON (Reuters) - President Barack Obama this week will announce a series of actions to help the economy that will not require congressional approval, including an initiative to make it easier for homeowners to refinance their mortgages, according to a White House official.

The actions come as Obama is facing resistance from Republicans to a $447 billion jobs package he has urged Congress to pass.

The first of the initiatives will be unveiled during Obama's three-day trip to western states beginning Monday.

He will discuss the changes in mortgage rules at a stop in Nevada, which has one of the hardest-hit housing markets in the country.

The Obama administration has been working with the Federal Housing Finance Agency, the regulator for Fannie Mae and Freddie Mac, to find ways to make it easier for borrowers to switch to cheaper loans even if they have little to no equity in their homes.

The FHFA intends to loosen the terms of the two-year-old Home Affordable Refinance Program (HARP), which helps borrowers who have been making mortgage payments on time but who have not been able to refinance as their home values have dropped.

The Wall Street Journal reported that the changes should boost refinancing because they will let banks avoid the risk of any "buy-back" on a HARP mortgage as long as borrowers have made their last six mortgage payments and they prove that they have a job or another source of passive income.

They are also set to reduce loan fees that Fannie and Freddie charge and waive fees on borrowers that refinance into loans with shorter terms, the Journal said.

Pricing details won't be published until mid-November, and lenders could begin refinancing loans under the retooled program as soon as December 1, the newspaper reported, citing federal officials. Loans that exceed the current limit of 125 percent of the property's value won't be able to participate until early next year, the report said.

In Denver Wednesday, Obama will announce a student loan initiative.

"The only way we can truly attack our economic challenges is with bold, bipartisan action in Congress," White House Communications Director Dan Pfeiffer told The New York Times.

"The president will continue to pressure Congressional Republicans to put country before party and pass the American Jobs Act, but he believes we cannot wait, so he will act where they won't."

 

[dogtowner]

So when it comes time to pay for this, where does the money come from ?

 

[Little-Acorn]

So when it comes time to pay for this, where does the money come from ?

It won't have to.

The bill to make this a law, was voted down in the Senate, remember? So it'll never happen.

Will it?

THAT'S the issue.

 

[dogtowner]

It won't have to.

The bill to make this a law, was voted down in the Senate, remember? So it'll never happen.

Will it?

THAT'S the issue.

For reasons I'll never understand, Congress has shown itself content to the assault on the separation of powers from the administration.

 

[Frolicking Dinosaurs]

The obstructionists in Congress now have approval ratings in the single digits in every poll I've seen. Like it or not, the majority of Americans do not share the TeaParty ideas as evidenced by their approval rating - 31%. Obama's rating has been slowly climbing since he quit trying to work with them and started taking action. It is currently 43.8 per RealClear Politics average of major pools.

What does this mean for the GOP's chances in 2012? If they don't come up with a candidate that can appeal to the independents and Democrats who are disappointed in Obama, get ready for 4 more years with a Democratic president who isn't going to let you hamper progress - and possibly one who will have a lot more support in Congress.

 

[Openmind]

The obstructionists in Congress now have approval ratings in the single digits in every poll I've seen. Like it or not, the majority of Americans do not share the TeaParty ideas as evidenced by their approval rating - 31%. Obama's rating has been slowly climbing since he quit trying to work with them and started taking action. It is currently 43.8 per RealClear Politics average of major pools.

What does this mean for the GOP's chances in 2012? If they don't come up with a candidate that can appeal to the independents and Democrats who are disappointed in Obama, get ready for 4 more years with a Democratic president who isn't going to let you hamper progress - and possibly one who will have a lot more support in Congress.

Totally agree! I am very glad that Obama has finally given up on trying to compromise or please the extreme Right.

Now, we're talking. . .and there is NOT ONE of the current GOP candidates that can beat him in the general election. . .except MAYBE Romney. . .which is precisely the one the extreme Right doesn't want! Go figure!

 

[dogtowner]

The obstructionists in Congress now have approval ratings in the single digits in every poll I've seen. Like it or not, the majority of Americans do not share the TeaParty ideas as evidenced by their approval rating - 31%. Obama's rating has been slowly climbing since he quit trying to work with them and started taking action. It is currently 43.8 per RealClear Politics average of major pools.

What does this mean for the GOP's chances in 2012? If they don't come up with a candidate that can appeal to the independents and Democrats who are disappointed in Obama, get ready for 4 more years with a Democratic president who isn't going to let you hamper progress - and possibly one who will have a lot more support in Congress.

Has it occurred to you that were it only unhappiness with what you see as Tea Party action that it could not be that low ? Conservatives are unhappy about the dems, liberals are unhappy about the GOP and the mushy middle is just unhappy because nothing much happens.

What the conservatives and an increasing percentage of the middle now realize is that liberal solutions do not work. That always signals a swing of the pendulum. That started in 2010 at historic levels.

 

[Phoenix68]

Apparently President Obama isn't too worried about what those stuffy old dead white guys who wrote and ratified the Constitution thought. The concept of Congress having to approve laws before they go into effect is _so_ 1789. They voted down his Jobs Plan, but he's not going to let that stop him from making it law anyway. He'll just put it in place himself, a piece at a time.

.

.
JOECONOMY!!!!
.​

 

[mark francis]

Apparently President Obama isn't too worried about what those stuffy old dead white guys who wrote and ratified the Constitution thought. The concept of Congress having to approve laws before they go into effect is _so_ 1789. They voted down his Jobs Plan, but he's not going to let that stop him from making it law anyway. He'll just put it in place himself, a piece at a time.

Obama is a liberal. He knows what's best for the country, so he's just going to make it that way. And if the elected Congress objected, well, what do they really matter, anyway? In Obama's opinion, this is far too important to let them have a say in its passage... if their opinion doesn't match his.

---------------------------------------

http://www.reuters.com/article/2011/10/24/us-obama-economy-idUSTRE79N0J920111024

Obama to announce actions on housing, student loans

Reuters/Joshua Roberts
WASHINGTON | Mon Oct 24, 2011 8:03am EDT

WASHINGTON (Reuters) - President Barack Obama this week will announce a series of actions to help the economy that will not require congressional approval, including an initiative to make it easier for homeowners to refinance their mortgages, according to a White House official.

The actions come as Obama is facing resistance from Republicans to a $447 billion jobs package he has urged Congress to pass.

The first of the initiatives will be unveiled during Obama's three-day trip to western states beginning Monday.

He will discuss the changes in mortgage rules at a stop in Nevada, which has one of the hardest-hit housing markets in the country.

The Obama administration has been working with the Federal Housing Finance Agency, the regulator for Fannie Mae and Freddie Mac, to find ways to make it easier for borrowers to switch to cheaper loans even if they have little to no equity in their homes.

The FHFA intends to loosen the terms of the two-year-old Home Affordable Refinance Program (HARP), which helps borrowers who have been making mortgage payments on time but who have not been able to refinance as their home values have dropped.

The Wall Street Journal reported that the changes should boost refinancing because they will let banks avoid the risk of any "buy-back" on a HARP mortgage as long as borrowers have made their last six mortgage payments and they prove that they have a job or another source of passive income.

They are also set to reduce loan fees that Fannie and Freddie charge and waive fees on borrowers that refinance into loans with shorter terms, the Journal said.

Pricing details won't be published until mid-November, and lenders could begin refinancing loans under the retooled program as soon as December 1, the newspaper reported, citing federal officials. Loans that exceed the current limit of 125 percent of the property's value won't be able to participate until early next year, the report said.

In Denver Wednesday, Obama will announce a student loan initiative.

"The only way we can truly attack our economic challenges is with bold, bipartisan action in Congress," White House Communications Director Dan Pfeiffer told The New York Times.

"The president will continue to pressure Congressional Republicans to put country before party and pass the American Jobs Act, but he believes we cannot wait, so he will act where they won't."

Obama was a leader in Democrat rebellion against traditional American laws, views, values, traditions and heritage in open defiance of majority public opinion and legislative rulings.