July 28, 2008

Is it the 1970's?

Posted by Deborah Kay Corey at 11:14 AM

Mortgages failing, foreclosures, hiring numbers are down, now the clothing industry wants to promote bad clothes?? What next? Bad values? Are we getting a bit melodramatic here by wanting another Jimmy Carter? What did Jimmy Carter offer? Anyways.

The President signed a bailout plan for homeowners in trouble which would allow them to get government backed loan help, so they don't have to have their homes foreclosed on.....

Despite reservations, Bush ready to sign mortgage relief for 400,000 strapped homeowners

WASHINGTON (AP) -- Congress approved mortgage relief for 400,000 struggling homeowners Saturday as part of an election-year housing plan that also aims to calm jittery financial markets and bolster the sagging economy. President Bush said he would sign it promptly, despite reservations.

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