It sounds like the lesson here is that if you’re working your butt off and you still having trouble making those mortgage payments, you should lose your job — that way you’ll be able to keep your house (because everything’s ass-backwards in Obamaland):
The Obama administration said Thursday it would require lenders to allow unemployed homeowners to delay their monthly payments for up to a year without threat of foreclosure.
The announcement came a day after the president made a rare admission of a policy misstep, acknowledging that his policies have failed to provide enough support to struggling homeowners and recognize the scope of the nation’s housing crisis.
So true to form, their “solution” to this problem will do nothing but create more of the problem, and maybe that’s the whole point.
Notice that Obama’s only admission of a mistake isn’t for the Democrats’ policies that have crippled the economy, but only for forgetting to bring enough shammies to clean up the “unexpected” bloody aftermath from the victims of those policies. Truly amazing.
If Obama wants to admit a mistake, it should be for the cause, not his reaction to the effect.