Monday, October 24, 2011

Mortgage Relief Monday-Obama offers mortgage relief on Western trip

Obama also plans to announce measures to make it easier for college graduates to pay back federal loans. 

President Barack Obama offered mortgage relief on Monday to hundreds of thousands of Americans, his latest attempt to ease the economic and political fallout of a housing crisis that has bedeviled him as he seeks a second term."I'm here to say that we can't wait for an increasingly dysfunctional Congress to do its job," the president declared outside a family home in Las Vegas, the epicenter of foreclosures and joblessness. "Where they won't act, I will."
Making a case for his policies and a new effort to circumvent roadblocks put up by Republican lawmakers, Obama also laid out a theme for his re-election, saying that there's "no excuse for all the games and the gridlock that we've been seeing in Washington."

"People out here don't have a lot of time or a lot of patience for some of that nonsense that's been going on in Washington," he said.
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