While many taxpayers and federal officials have called for the government to wind down its spending on its various federal bailout programs, the Obama administration has just announced a new housing bailout to help fix the housing market. The plan would be geared to assist state and local housing finance agencies.
These agencies help first-time and lower-income homebuyers to secure a mortgage and also help to develop or renovate rental properties. Obama administration officials have not yet placed a price tag on the program but have also assured that none of the money spent on the program will come from the …read more

Earlier today, the Obama administration announced plans to expand the help available for those affected by the housing crisis. During the housing boom, many mortgage lenders offered second loans to potential homebuyers so that they’d be able to purchase real estate even without a down payment. Obama’s new plan would offer incentives to lenders to help consumers dealing with these piggyback loans.
Second loans are affecting about half of all homeowners struggling with ther mortgages. Unfortunately, homeowners who are trying to refinance for a lower monthly payment need permission from the company holding the second mortgage, and this a roadblock for …read more

The headline of the Philippine Daily Inquirer (5 June 2008) proclaims: Obama makes history. In his drive towards the Presidency of the United States, the GOP management of the US economy is going to provide ample grist for the Obama campaign mill. In addition, there are the casualties in the Iraq war which directly hit voters’ hearts.
A New York Times / CBS News Poll of 1368 respondents (1,196 registered voters, 510 Democratic Primary Voters, 323 Republican Primary Voters) conducted from 28 March through 2 April 2008, on issues related to the US Economy, shows Americans’ dissatisfaction about the …read more

A New York Times / CBS News Poll of 1368 respondents (1,196 registered voters, 510 Democratic Primary Voters, 323 Republican Primary Voters) conducted from 28 March through 2 April 2008, on issues related to the US Economy, shows Americans’ dissatisfaction about the state of the nation:

Will this Report Card have an effect on the presidential elections?
from http://www.nytimes.com/ref/us/polls_index.html
image from Microsoft Clipart