Today's Washington Post reveals that Obama Administration officials knew about the problems with illegal foreclosure but felt they couldn't do much about it. What? Couldn't do much about it? The Making Homes Affordable Program is a good idea. The problem with the Obama Administration isn't the ideas. It's the lousy implementation of those ideas.
And it seems too often that President Obama is worried about the elite running the banks and ready to sacrifice the people whose money is in those same financial institutions. You know, the people who voted for him in the first place?
You cannot run a large organization by waiving your hands and announcing a grand policy. Without good implementation your policy will be words only. The entire fiscal crisis that Bush got us into has been dealt with by protecting the banks first and the depositors second.
There would be no mortgage crisis if people had jobs.