Housing Gets Little Mention in Obama SpeechSome listeners criticized President Obama for failing to pay more attention to the housing crisis in Wednesday night’s State of the Union message.
Obama promised to “step up refinancing so that home owners can move into more affordable mortgages,” but he didn’t offer any details. There was no mention at all of addressing falling home values, restoring the mortgage-backed securities markets or shoring up FHA, critics said. Nor did he mention expiring housing tax credits.
Fresno, Calif., Rep. Jim Costa, said, "The president made no mention of the two most serious issues affecting our Valley's economy: water and housing."
According to a survey conducted for Trulia.com and released shortly before the president’s speech, 36 percent of respondents gave the president a passing grade or better for his efforts to improve the housing crisis. A year ago, he got passing grades from 54 percent.
Source: UPI.com, Steve Cook (01/28/2010)
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