January Surprise: Is Obama preparing a trillion-dollar, mass refinancing of mortgages? « The Enterprise Blog
Bottom line: Talk about a political and economic game changer in this presidential election year. Obama could offer a trillion-dollar stimulus — as measured over a decade –that would directly and immediately impact tens of millions of Americans suffering from the housing depression.
Cash in their pockets.
Imagine the electoral impact on key states, such as Florida, suffering from both high unemployment and devastated housing markets.
And the beauty part for Obama?
He wouldn’t need approval from Congress to do it
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