I am glad Sen. Obama is flexible to reconsider ......

I was pleasantly surprised to see the "90-day moratorium on foreclosures" included in Sen. Obamas's proposal to fix the sub prime problem. He shows flexibility and is prepared to accept an idea which he rejected before. Pragmatism is a very important quality for a good leader.  

For those who may not know what I am talking about here is some context: This is from LA times FEB 21 2008


Clinton's solution is a 90-day moratorium for foreclosures on sub-prime occupied homes, and a five-year rate freeze on sub-prime adjustable rate mortgages. The Bush administration has already responded with a 30-day cooling period on foreclosures; Clinton and her aides insist a longer freeze is essential for stabilizing a precarious situation for homeowners.

But according to some economists and officials grappling with the crisis, her proposal, which also offers a $30-billion foreclosure fund that is triple the size of Obama's, might only prolong the agony for homeowners.

"A 90-day freeze is fine for what it is, but what happens on the 91st day?" Rokakis asked. "Why not a year? Or longer?"

In San Antonio on Tuesday, Obama said that Clinton's foreclosure freeze was potentially "disastrous," rewarding "people who made this problem worse" by benefiting banks that profit from high mortgage rates.

A "blanket freeze," Obama added, might "drive rates through the roof for those trying to buy or refinance. Experts say the value of homes will fall even more, and even more families could face foreclosure."

http://articles.latimes.com/2008/feb/21/ nation/na-foreclosures21

Tags: obama (all tags)

Comments

40 Comments

This doesn't "fix" anything

What it does is apply a bandaid, and if it had been done in February it would now be over. At this point 90 days takes us to a new administration.

by Travis Stark 2008-10-14 01:32PM | 0 recs
Re: This doesn't "fix" anything

EXACTLY. This provides a bridge to a point when a new plan could be passed on the very first day. It buys time to decide what can be done. And it occurs at one of the most vulnerable times for a lot of people.

by vcalzone 2008-10-14 01:40PM | 0 recs
Really had to dig in the archives for that one?

http://www.infoplease.com/dictionary/bre wers/damn-with-faint-praise.html

Nicely measured, SEEMINGLY to be pro-Obama, put really just more of a typical Indy Clinton worship post.

I give a 6 out of 10, only because compared to your last diary, this one is less a concern troll then a backhanded compliment.

So, which blog dug this gem from February out, NoQuarters?  Texas Darklink's obamaISaTerrorist.com?

by WashStateBlue 2008-10-14 01:35PM | 0 recs
by indydem99 2008-10-14 01:43PM | 0 recs
Re: You never replied to this

Yeah, but you never really answered my first question, if you have your diary called

"Hillary would have won by EVEN MORE!" ready to go for Nov 5th?

Still counting on YOU to be the first troll to land that turd on us...

Listen, Indy, as soon as you do about 10,000 mea-culpas for all the rants you did about how Obama was going to get slaughtered, that Michigan and Florida would punish him for the unforgivable sin of disenfrachisment...

Remember those golden days? All the rest of us do...

Until then, expect the reaction you get here, which you of course know is coming from all of us who have you pegged dead to rights.

And as soon as you say YOU WILL vote for Obama instead of "I COULD HOLD MY NOSE and vote for Obama", We might consider you not just another refugee troll from NoQuarters-ville....

But, then, what would they say about you over in Bitterville if you announced on MyDD you were going to vote for Obama?

by WashStateBlue 2008-10-14 02:08PM | 0 recs
Re: You never replied to this

But, then, what would they say about you over in Bitterville if you announced on MyDD you were going to vote for Obama?

What gave you the idea that I care? Did you notice that I got only 7 replies
when I wrote some thing nice about Obama where as I get tons of replies when ever I criticize him! Go figure!
by indydem99 2008-10-14 02:42PM | 0 recs
Nice dodge on the question...

So here let me answer you Indy Style:

Well we COULD if we had wanted to, have posted on your complimentary thread...

Just like you COULD vote for Obama, cause you don't care what your buds at No Quarters think of you.

Could'a, would'a, should'a....

Go figure indeed!

by WashStateBlue 2008-10-14 02:46PM | 0 recs
Re: You never replied to this
What gave you the idea that I care? Did you notice that I got only 7 replies
when I wrote some thing nice about Obama where as I get tons of replies when ever I criticize him! Go figure!

Now I understand!  You're not interested in actual conversation, just in getting more attention for yourself.  Would it help if, when you wrote something that made sense, everyone who agreed chimed in with a "me too?"
by failsafe 2008-10-14 06:16PM | 0 recs
Re: I am glad

I want to apologize for something. Every time I see a new diary by by indydem99, I throw up a little in my mouth and wish he was dead. That isn't the right thing to do. It's a reflex reaction that I am ashamed of. Please keep posting your crappy diaries at least until I get a handle on this....

by QTG 2008-10-14 01:45PM | 0 recs
Hopefully you would choke on it ........

by indydem99 2008-10-14 01:54PM | 0 recs
Wait, I thought you wanted

Obama to include some of HRC's proposals? Now I'm confused.

Will you criticize him if he advocates mandated health coverage too?

Good grief.

by Neef 2008-10-14 01:46PM | 0 recs
I did not criticize him at all

Do you ever read a post?

by indydem99 2008-10-14 01:48PM | 0 recs
Please don't be insulting

it's quite obvious what this post is.

by Neef 2008-10-14 01:51PM | 0 recs
I guess you need remedial reading lessons!

by indydem99 2008-10-14 01:58PM | 0 recs
Re: I guess you need remedial reading lessons!

We're not idiots - we know your posting history.  But you're an idiot for thinking we'd fall for this.  Don't you have a birth certificate story to push?  Or maybe some ACORN bullshit?

by NewOaklandDem 2008-10-14 02:01PM | 0 recs
If Obama can change his mind I could change my

mind too! You have problems with that?

by indydem99 2008-10-14 02:23PM | 0 recs
Re: If Obama can change his mind I could change my

So you've voting for Obama? That's fantastic.  We knew you'd come around eventually.  Can I send you a bumper sticker?

by NewOaklandDem 2008-10-14 02:28PM | 0 recs
I always said I would vote for him

that does not mean I should not criticize him!

by indydem99 2008-10-14 02:46PM | 0 recs
You may think that you are not an idiot but you

sound like one.

by indydem99 2008-10-14 02:25PM | 0 recs
Anyway

Indy, I could not possibly care less.  I mostly just like to mock you for your unintentional hilarity.  Which is often on display.  You're not quite an engles yet, but with practice, you might get there.

by NewOaklandDem 2008-10-14 02:31PM | 0 recs
Re: Anyway

Calling Indy not quite Teh Engels is like saying The Captain and Tennille were not quite the Beatles....

by WashStateBlue 2008-10-14 02:33PM | 0 recs
Ohhhh, dangit

now I have an endless loop of "Muskrat Love" running in my head!

by Neef 2008-10-14 02:37PM | 0 recs
Matter of fact I like that song

If I remeber right tennille had big knockers

by indydem99 2008-10-14 02:57PM | 0 recs
Yo Neef!

As I told NOD earlier.

Would love to see you chill at the Moose some time.

Your brand of humor is especially welcome!

Peace!

by spacemanspiff 2008-10-14 04:51PM | 0 recs
You think Barack likes Beatles???

I do not think so! I think he hates them because they are boomers! ROFLMAO!

by indydem99 2008-10-14 02:52PM | 0 recs
BACK AWAY FROM THE HUMOR!

WOW, that really should be left to the folks that have a sense of irony, Indy?

You could blow out a neural pathway trying to be "funny" as we in the liberal lefty world call it...

by WashStateBlue 2008-10-14 02:56PM | 0 recs
You could not possibly to the left of me!

I think barack is a closet centrist.

by indydem99 2008-10-14 03:00PM | 0 recs
Re: You could not possibly to the left of me!

You are as silly as you are illogical.

Indy, you worship the ground the Clintons walk on.

Now, no matter WHERE you think Obama falls on the old fault lines of Centerists vs Liberal, ANYONE that tells me the Clinton's are true hard lefties is bananas...

DLC mean anything to you?  

Personally, I don't care to compare progressive bonafides with you, since you are packing ZERO credibility by carrying your primary grudge out this long.

The REAL Clinton supporters got over it, along with Senator Clinton and even Bill at this point.

All that matters, all that CAN matters is, we need a Democrat in the WH to work with Congress and get us out of this ditch.

It's too important to my kid and all the kids to carry a grudge out this far.

If you want to spend the next 4 years fixing what you think are the sins of the Democratic party, be my guest.

But, its PAST TIME TO MAN UP and join the rest of us, in beating John McCain and Sara Palin.

Only you folks, who SO actualized their own lives into some weird symbotic relationship with Senator Clinton's candidacy are still in some death struggle with Obama...

All you have to do is change COULD to Will, and you prove to me you're a real democrat, no matter where you sit in the ideologic spectrum.

by WashStateBlue 2008-10-14 03:10PM | 0 recs
Your smackdowns are epic.

I don't post as much but you're one of the reasons I lurk here.

Major kudos.

I'm putting this turd sandwich (props to thatpurplestuff for the name) of a diary to good use and inviting you to check out the Moose.

You have a knack for stirring up some cool debate so we'd love to have you over!

Peace!

by spacemanspiff 2008-10-14 04:54PM | 0 recs
Re: You could not possibly to the left of me!

You have broken trust with us.

We will vote for Obama.

Some of us will be happy about it some won't.

But you don't unbreak trust.

Trivialize it as you wish but this won't be going away in 2 or 4 or 8 or 12 years.

by dtaylor2 2008-10-14 05:00PM | 0 recs
Re: You could not possibly to the left of me!

If Obama is a closet centrist I could be a big fan.
If Obama is really pragmatic I could be a big fan.

If Obama is the second coming of Bill Clinton rather than Kennedy or Carter I could be a big fan.

But if Obama is the new Carter to Palin's new Reagan and he gets her elected I won't view him any higher than Nader.

by dtaylor2 2008-10-14 04:51PM | 0 recs
Where is teh engels!?!?!?!?!?!?!

You're very annoying and not fun to mock at all ( heh).

by spacemanspiff 2008-10-14 04:56PM | 0 recs
Re: Where is teh engels!?!?!?!?!?!?!

That's because you are dogmatic and intolerant.

Basically everything a liberal isn't.

by dtaylor2 2008-10-14 04:57PM | 0 recs
A very boring and subpar troll you have become. nt

by spacemanspiff 2008-10-14 05:22PM | 0 recs
You mentioned the beloved teh engels!

Dude I've enjoyed your posts for some time now.

Let me put this troll diary to good use and personally (it was really sricki's idea) invite you to come chill at the Moose with the peeps some time.

Hard to find 3 of my fave commenters on one diary so I'll make the best of this turd sandwich.

by spacemanspiff 2008-10-14 04:47PM | 0 recs
Re: I guess you need remedial reading lessons!

Yeah, people will believe this is praise if you just stay in character.

Really.

by Neef 2008-10-14 02:05PM | 0 recs
Re: I am glad

and I'm glad to see a post dripping with delicious sarcasm.  Mmmmmmm.

by NewOaklandDem 2008-10-14 01:53PM | 0 recs
Just for the Record

You may notice that Obama's proposal does not include a five-year sub-prime rate freeze, as Hillary's did, and is conditionally applied only to 'good faith' mortgagees.  Additionally it is coupled with the same bankruptcy reform proposals which Obama vigorously supported as an alternative to Hillary's 90-day 'freeze' at the time, and which probably have more impact on individual borrowers long-term financial viability but which are not likely as politically attractive to the electorate.

Additionally, as pointed out above, this 90-day period would carry over into the first months of the Obama administration which, with a Democratic majority in Congress, will hopefully be able to provide a more comprehensive solution.  Hillary's moratorium would have expired months ago.

by Shaun Appleby 2008-10-14 02:41PM | 0 recs
Can I rec this diary?

Seriously. For old times sake. The last gasp of the concern troll. Kind of sad really. It's the last of a dying breed...

On the other hand - it's rather fun too

by brit 2008-10-14 03:04PM | 0 recs
You will never match teh engels! n.t.

by spacemanspiff 2008-10-14 04:40PM | 0 recs

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