The elements of the package, as described by the campaign are listed below. In looking at the list, I couldn’t help but think of the proverbial plantation. Look at the entitlements:
What is an unnecessary foreclosure? More public housing?
Michigan already provides this:
The Home Heating Credit (HHC) is designed to assist low income families living in Michigan with the cost of heating their homes. The HHC is federally funded through the Low Income Home Energy Assistance Program (LIHEAP), U.S. Department of Health and Human Services. Under provisions set forth in the State Income Tax Act, the Department of Human Services (DHS) administers Michigan’s Energy Assistance programs, and the Michigan Department of Treasury processes the Home Heating Credit claim and issues payments. For further information, please refer to the LIHEAP website.
Isn’t this The Energy Policy Act of 2005 ? That expired on January 31, 2007. Is she asking that it be extended?
Isn’t this the same thing as the $8 billion 13 week extension program that went into effect in 2002? Let’s talk about those struggling to find work. My sister runs a temp agency and is struggling to find qualified workers. By qualified, I mean that they must be able to pass a drug test, or the Social Security card that they present must be their own. A qualified worker must show up for their scheduled shift, not when they feel like it.
This is pandering with a twist. There isn’t anything new to the plan. Bryan brought up another troubling aspect of Hillary’s knack to say ‘just the right thing’:
Hillary plays gender politics with illegal immigration: “No woman is illegal,” Clinton said, to cheers.
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All they ned is some HOT AIR from AL GORE to keep them warm all winter:-j
Here’s a better plan. Tell lenders that they are on their own. Tell them to work it out with the homeowners or eat the properties which will only plummet in value if the number of foreclosures goes up. Banks are profit driven, that’s what got them into this mess in the first place. If the home owner could afford the payment at a lower rate, simply rewrite the loan fixed at the lower rate. To recoup some of the lost interest, rewrite it for a full 30 years. Do NOT make any more idiotic interest only, or 40 year mortgages. Honestly some of these lenders have been VERY unscrupulous. I received a good faith estimate on an ARm, that I almost laughed at. I emailed my mortgage broker and asked if he thought I was @#$%^& stupid enough to agree to such an idiotic loan. Apparently he did, because it was the only offer he presented. I think his other lenders went south on him because this happened just about the time that a lot of lenders folded due to the bad loans they were writing.