Forbes: Obama Oversells His Mortgage ‘Rescue’

By: Brian Faughnan (Diary) | March 11th at 09:52 AM |

According to Forbes Magazine, the Obama administration is overestimating the number of homeowners who will be helped by their mortgage plan. Instead of helping 9 million homeowners as Obama claims, the greatest number that could be helped is closer to 5 million: President Barack Obama plans to spend $275.0 billion to rework or modify up to 9.0 million troubled American mortgages, but his program isn’t | Read More »

Tags: debt, liberal hypocrisy, mortgage plan, Spending

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Forbes: Obama Oversells His Mortgage ‘Rescue’

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