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obama: Hope for Homeowners - 03/29/10 03:42 AM
Hope for Homeowners program was enacted to assist homeowners either in default or at risk of foreclosure. It began in October of 2008 and will end on September 30, 2011. Those eligible for the program will be provided a new 30-year, fixed-rate FHA-insured mortgage. For homeowners finding it hard to pay their existing mortgages, this may provide an avenue to refinance their current mortgage into one that they can afford.

Both lender and homeowner must formally agree to participate before a new mortgage can be approved.

Some of the program requirements are as follows:

* Your home … (1 comments)

obama: Stimulating the Economic Numbers - 11/23/09 01:18 AM
Statistics can be tricky. It all depends on who is doing the math and for what purpose. The latest report on how many jobs can be attributed to the workings of the stimulus package is a perfect case in point. The Obama Administration came out at the end of October with the announcement that the stimulus package has created 650,000 jobs.

To give the government credit, it didn't just pull that number out of a hat. The Recovery, Accountability, and Transparency Board (RATB) is an independent entity that has tracked the money being spent for the Recovery Act. Every dollar … (0 comments)

obama: Is the President's Economic Plan Just Stimulating Conversation? - 06/20/09 12:57 AM
Somewhere, somehow 600,000 jobs are going to be created and/or saved by the end of summer. In fact, the White House announced recently that 150,000 jobs have been saved in the last few months. Maybe it was yours; maybe it was mine. The problem is that all this job saving is a little difficult to pin down.

President Obama announced recently that this summer will see a ramping up of spending from the $787 billion stimulus fund and create or save 600,000 jobs. According to the Associated Press, the President spoke to his cabinet about "modest progress" in the economy. … (0 comments)

obama: When Will the Economy Turnaround? - 02/16/09 08:30 PM
Is the worst still to come? That is the $789 billion dollar question. Or in the case of Treasury Secretary Timothy Geithner, the 2.5 trillion dollar question. Despite Congress getting ready to vote on the stimulus bill compromise, the Treasury Department getting back to work on the banking system and President Obama's declarations that swift action will avert disaster, Americans seem short on hope and long on financial worries. Are bad economies like bad marriages--throwing money at them doesn't necessarily solve the problem?

It is now largely believed that the recession began in the fall of 2007, although Central Texans … (8 comments)

obama: Obama's Economic Recovery Plan - 01/10/09 02:13 AM
The outlook is grim and the solution is costly. President-elect Barack Obama didn't have much in the way of positive news to give on the American economy in his recent speech at George Mason University. "In short, a bad situation could become dramatically worse," he said as he outlined the numbers on unemployment, falling revenues and the mind-boggling national deficit.

However, the future president was not without hope. "I don't believe it's too late to change course, but it will be if we don't take dramatic action as soon as possible," Obama said. That dramatic action comes with a $775 … (2 comments)

obama: Obama's Public Works Project - 12/21/08 02:51 AM
The economic news continues to herald even more horrible times up ahead. If only January were here, already! If President-elect Barack Obama manages to pull off the public works improvements he is proposing, maybe blue skies are on the horizon.

On January 6, Obama laid out his expansive plan to revive the economy through a job-creating public works project on a scale not seen since the building of the interstate highway system in the 1950s. According to the plan, millions of jobs will be created across a wide range of sectors, from construction jobs working on the improvement of … (1 comments)

obama: Registered Voters Take Advantage of Early Voting In Travis County - 11/04/08 04:05 AM
Early voting began on Monday, October 20th and ran until Friday, October 31st. Travis County alone is expected to see nearly 450,000 people take advantage of casting their ballot early.
In the last presidential election, about 62% of registered voters in Travis County voted early. At the time this was a near record turnout since early voting began in Travis County in 1988. The expectation is that this years numbers will be much higher than 2004. Why? The primary had a 51% turnout which was well above the average of 35% that we tend to see for primaries and gubernatorial … (0 comments)

obama: Is the Democratic Primary Destroying the Democrats? - 03/19/08 01:30 AM
I usually write about real estate. But every so often I like to throw in something completely different. So now for something different
Two months ago the Democrats were looking at numerous positive signals for their chances in the November election. First the polls of a generic Democrat versus a generic Republican showed Democrats leading by a spread of over 10 points. The leader of the Democratic field, Barack Obama, enjoyed a substantial lead over the presumptive Republican nominee John McCain.
To make matters better for the Democrats the Republicans were going through an ideological schism. The conservative wing … (2 comments)

obama: Hillary and Obama: Where Are The Issues? - 03/06/08 04:24 PM
Recent elections have rarely been as heated as the '08 race for the Democratic nomination between freshman Illinois Senator Barack Obama and New York Senator Hillary Clinton. From the televised bickering of their national debates to the recent jabs over NAFTA, the fight has hung on tiny margins several times throughout their respective campaigns. March 4 was a significant day for the primary candidates because Hillary Clinton managed to, for at least the second time, defy the odds and win the key states of Ohio and Texas, taking the less important Rhode Island to boot.
While Barack Obama still holds … (2 comments)

 

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