Obama to push lenders to give home loans to weak credit scores

[Dave_L]

REALLY?! I thought this was bad? No, now its good? This hurts my brain. Who's ready for round 2?

http://www.washingtonpost.com/busine...755_story.html

[Mazin]

Yea because the first time around didn't jack us up enough.

[ColoradoMike]

Whatever happened to COMMON SENSE?

My parents always told me that "You SHOULDN'T buy anything unless you have the money or means to pay for it!"

Served me well over the years!

[nynco]

Are you surprised? This is what politicians do when they are trying to cover up the failures of supply side economics. Obama is just re-inflating the bubble to cover up for the fact that the middle class has over the last 30 + only gained 50$ in average income. Heck over the last 5 years 95% of all income growth went to the 1%. Washington is doing this because there is no other way. Well there is, but you guys won't like that answer even more.

[Dave_L]

Reply from a dem friend of mine...

"That's good! I think that will help spur the economy back into gear some more..."

[ChuckNorris]

Holy crap!
I can't keep up with all of the stupid stuff coming out this week!
Pinch me - I HAVE to be dreaming!

[griebel303]

I mean what could go bad there? Obama probably doesn't think the people with bad credit are at fault for their scores. Rather then introduce a program to help people manage debt and better there credit, he just takes the incentives and gives them to them before. no reason to improve yourself. Guess we can expect another surge of foreclosures next year

[HBARleatherneck]

"gee whiz, i know who i am voting for when he runs for a third term....uncle obama. he gave me an obama phone, "free" healthcare, lots of other programs that they advertise on tv for me and now I get to buy a house again. Even though i screwed it up last time, spending all my money on crack instead of mortgage payments."

[brutal]

I mean what could go bad there? Obama probably doesn't think the people with bad credit are at fault for their scores. Rather then introduce a program to help people manage debt and better there credit, he just takes the incentives and gives them to them before. no reason to improve yourself. Guess we can expect another surge of foreclosures next year

Don't you know it's the Credit Reporting companies that are at fault, not the nitwit borrower?

[nynco]

The only way to fix the economy is to bring back the tariff system first created by Alexander Hamilton. That would help pay down the debt too. In addition to that put the min wage a what it was in 1960 adjusted for inflation. The only real way to stimulate an economy is to create situations where people have the money to spend. Anything short of that and you are playing musical chairs of debt and destruction.