When Hillary Clinton proposed a moratorium on mortgage foreclosures, Barack Obama called her plan disastrous. Now he’s come out with a plan that’s eerily similar to Hillary’s proposal.
The plan includes helping out states and localities, allowing people to cash out part of their retirement savings without tax penalties, and an arrangement with banks that would include a 90-day moratorium on foreclosures for many homeowners.
The plan is a striking sign of how far this crisis has moved, and a sign that Obama has shifted toward a more populist approach. In February, after Hillary Clinton proposed a similar foreclosure moratorium, the Los Angeles Times reported that Obama condemned her plan. Read full article.
At the time Obama found Hillary’s (and now his own) plan disastrous he said he didn’t want to bail out those greedy banks. It reminds one of when he said he would have to think twice about his “tax the rich” economic plan because it would hurt the economy. Lately he’s back to “taxing the rich” and “spreading the wealth.”
In summary, according to Barack Obama, his own economic plans are disatrous and will hurt the economy. Change you can believe in. Or is it “change we need?” I can’t keep up anymore!
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And of course Hillary will come right out and holler foul about Dyn-O-Bama stealing her thunder, right? Not!
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