Here is Obama calling people who get behind on their mortgages, “Deadbeats.”
Well I know lots of deadbeats! And Obama is creating these slackers at a frantic pace.
According to Think Progress:
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Nearly half of the mortgages modified in the Home Affordable Modification Program (HAMP) program, the Obama administrations main program meant to prevent foreclosures, are back in default, according to a report released Wednesday from the Special Inspector General for the Troubled Asset Relief Program. The program was started in 2009 to give struggling homeowners loan modifications and help them avoid foreclosure.
The program has helped about 865,100 homeowners avoid foreclosure through permanent modifications since it began, yet 306,000 have redefaulted as of the end of April, according to the report. Of those with permanent modifications, about 10 percent have missed one to two monthly payments and “are at risk of continuing the default trend,” according to Reuters.
Liberals create deadbeats, then look the other way. Even a 3rd-grader can connect the dots on how this all started, with Liberal do-gooders mucking up the system. THEN when Lefties claim to fix it, better keep your eyes on the money.
Barack Obama has some nerve. He has lead America into the Greater Depression, and hasn’t a care in the world. Let’s see what he has to say about those who don’t pay their bills when the American taxpayers takes away his checkbook.
File this under “Obama is a Fraud.”