Comments on: Obama's $1.5 Billion Housing Crisis Hush Money Plan http://www.thelendingedge.com/obamas-1-5-billion-housing-crisis-hush-money-plan/ Michigan Mortgage Experts Tue, 13 Sep 2011 17:05:41 +0000 hourly 1 http://wordpress.org/?v=3.3 By: drewsygit http://www.thelendingedge.com/obamas-1-5-billion-housing-crisis-hush-money-plan/comment-page-1/#comment-179 drewsygit Sat, 06 Mar 2010 20:36:27 +0000 http://www.drewsygit.com/?p=420#comment-179 Thanks for posting an opposing view Malcolm! You make some great points, but I still believe Obama only did this to quell negative public opinion polls. There's so much more he could do that wouldn't require money. THanks for following my blog:) Thanks for posting an opposing view Malcolm! You make some great points, but I still believe Obama only did this to quell negative public opinion polls. There’s so much more he could do that wouldn’t require money.

THanks for following my blog:)

]]> By: Malcolm Turner http://www.thelendingedge.com/obamas-1-5-billion-housing-crisis-hush-money-plan/comment-page-1/#comment-178 Malcolm Turner Mon, 01 Mar 2010 00:26:45 +0000 http://www.drewsygit.com/?p=420#comment-178 Drew, I must respectfully disagree with your key premise. This is "hush money" because the need is greater than the money provided? 1) Most government programs are not funded to solve the majority of the problem they were created to address. 2) If this program were funded to meet the total need then we would be looking at another trillion dollar program and no one is ok with that. 3) If three of the states have no plan for their present allocation then why should they get more? Let them design an effective plan of implementation and if they are successful then they can get more dollars. I believe that every little bit helps. There is no silver bullet to get us out of this crisis. It will be a combination of things. Any plan Obama comes up with must be modest in scope given the public's disdain for bailouts. To characterize this program as hush money is a stretch which you cannot prove. Let us stick to the facts. FYI, I am 100% in agreement with your previous post regarding loan modifications. Drew,
I must respectfully disagree with your key premise. This is “hush money” because the need is greater than the money provided? 1) Most government programs are not funded to solve the majority of the problem they were created to address. 2) If this program were funded to meet the total need then we would be looking at another trillion dollar program and no one is ok with that. 3) If three of the states have no plan for their present allocation then why should they get more? Let them design an effective plan of implementation and if they are successful then they can get more dollars. I believe that every little bit helps. There is no silver bullet to get us out of this crisis. It will be a combination of things. Any plan Obama comes up with must be modest in scope given the public’s disdain for bailouts. To characterize this program as hush money is a stretch which you cannot prove. Let us stick to the facts. FYI, I am 100% in agreement with your previous post regarding loan modifications.

]]>