Why are people assuming that the funding for the Housing plan requires another stimulus?

Posted on time June 25th, 2009 by user pcgumban

mr_cj_jr asked:

In actuality, the funding is coming from money allocated back in the fall.

From the article:

Headlining Obama’s plan is a $75 billion Homeowner Stability Initiative, which would provide a set of incentives to mortgage lenders in an effort to convince them to help up to 4 million borrowers on the verge of foreclosure. The goal: cut monthly mortgage payments to sustainable levels, defined as no more than 31 percent of a homeowners income. Funding would come from the $700 billion financial industry bailout passed by Congress last fall.

People are so quick to jump on Obama’s case.
Why do people fail to inform themselves?

Thoughts?
http://news.yahoo.com/s/ap/20090218/ap_on_go_pr_wh/obama_home_foreclosures

Harley

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tag Tags: Actuality, Congress

4 Responses to “Why are people assuming that the funding for the Housing plan requires another stimulus?”

Bad Squirrel Says:
June 28th, 2009 at 5:25 am

My mortgage for me im tired of being responsible for my mortgage for my mortgage for me im tired of being responsible for me im.

© 2009 by Jeff ® Says:
June 28th, 2009 at 9:46 am

It’s more fun to beyoch.

caldude1010101 Says:
June 30th, 2009 at 4:55 pm

The morons on talk radio and tv that they fail to look this stuff up for themselves it is bad side effect of our failing public education system.
The morons on talk radio and tv that they fail to look this stuff up for themselves it is bad side effect of our.
For themselves it is bad side effect of our failing public education system.

David S Says:
July 3rd, 2009 at 5:59 am

Before you can call something another stimulus there has to be a first one.