Las Vegas (ap)-President barack Obama on Monday to provide mortgage relief of hundreds of thousands of americans, his latest try, to ease the housing crisis he, as the purpose of his second term economic and political consequences.
"I'm here to say, we can't wait for an increasingly disorders of the congress to finish its work, the chairman declared outside, check redeem and unemployment in Las Vegas, the epicenter of the family." "There they will not take action, I will."
Making his policies and new efforts, to circumvent the republican senators proposed barricades, Obama also proposed a theme for a second term, said there is "no excuses, all the stagnation of the game, we have seen in Washington."
"In the people here don't have a lot of time or that nonsense, has been in Washington's some great patience," he said.
The federal loan guarantees the new rules represent a sense that the government has taken housing has no job, as expected measures.
His employment legislation through congress struggle, Obama tried to a new slogan-" we can't wait "to highlight his administrative measures, and put the responsibility on the republicans in congress lack of action to promote employment and an economic recovery.
Obama plan later this week announced measures, make college graduates, to repay the federal loans more easily. Such administrative measures, make Obama to solve economic ills and other domestic challenge, although the republicans against most of his advice.
Although Obama has proposed to a prototype of a cut in wages tax and economic and increased public spending and engineering to countries to provide aid and he also did not provide wholesale national housing plan maintenance. Economists say the real estate bubble of the 2008 financial crisis behind the main culprit. At the same time, unemployment, depressed wages and mortgages exceed house value of the union, continue to put the pressure on the economy.
Although the White House tried to avoid predicting how many homeowners will benefit from the new refinancing plan, the federal housing finance bureau estimated increase of 100 million will be eligible. Moody's said analysis, the figure could be as high as 16000.
According to the Obama proposal, and is still on their mortgages to refinance homeowners will be without much of their houses value has less than they owe declines.
Obama said, "now, in the past two years, we have taken measures to help folks their mortgage refinancing, listed a series of measures." But, we can do more. "
At the same time, Obama admitted that his latest Suggestions won't do that does not need to get to stand up the housing market. "As a real estate bubble and in Nevada such a place of great houses of unsold inventory of the amplitude, it needs time to deal with these challenges," he said.
Spelling out in the plan, in a diverse, working-class near Las Vegas homeowners, Obama to select a national housing crisis has from the americans pay fee, provide a prominent example. In Nevada every 118 families in the September check for notice, the highest percentage in the country, according to RealtyTrac for listed companies.
Obama visit SAN jose and family BoNi Lissette leah, and two grocery store workers is according to the economic stimulus plan in 2009 the program of the renovation of the house payment. The purpose of the program is stable for abandoned or suffer from the community. Lissette and leah said, she told the President, not his economic stimulus plan, her family of five members will still be living in a bedroom apartment.
President spokesman jay karni criticized republican presidential candidate mitt romney proposed last week, and in Las Vegas, the government will not intervene check for salvation. "Don't try to stop check for the program," romney said of Las Vegas review journal. "Let it run its course see bottom."
"This is not a solution," karni "air force one" told reporters. He said, Mr Romney will tell the owner, "you your own, tough luck."
Bush also use his visit to Las Vegas, promote the $15 billion neighborhood revitalization plan, his present job advice, this will help rebuild abandoned and check for property and stability of the affected in the neighborhood.
Nevada standing is the western country a three day visit first stop, he is with the positive economic hunting movement of the cash spacing in harmony.
From Nevada, Obama head charm and Hollywood star Melanie Griffith and Antonio and producer James he Lassiter some high fundraising $home. Last Tuesday, he will be with Jay Leno tape "tonight show" appearance. He will also improve in San Francisco and Denver's money.
Former President to his mortgage refinancing plan, he took part in the fundraising in the Bellagio hotel luxurious, provide the sharp contrast between good encourages his campaign, and hope to benefit from his policy of troubled homeowners.
By the federal housing finance agency mortgage assistance plan will help little or no equity in their homes, many of them for 6 or 7% of the mortgage interest rates the borrower, seek refinancing, and take advantage of the lower interest rates. FHFA plan, delete allow homeowners to refinance only when they owe 25% more than their homes are worth the upper limit.
Refinancing plan been extended until the end of 2013. Was scheduled in June 2012 over.
The government of incremental steps to help homeowners, a hint, even the President's Allies, request the more positive action.
Congressman Dennis Cardoza, moderate Democrats, from California in housing aspects of the democratic voice of frustrations, he announced last week that he decided not to seek re-election, accused the Obama government is not the solution to the crisis.
"Cardoza said:" I feel disappointed, the government's not understand, and effective to solve the current housing check for the crisis, in a statement aroused widespread concern. "The house is being destroyed communities and for crushing our economic, political and mansion of inaction is an angry."
Obama's new "we can't wait for the slogan of" "he is in a string the residual speech avoid, he hopes will pressure republicans opposed his $44.7 billion package of new employment. He initially told a bill through congress. "Then demand" I want to come back,"




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