The Man Who Called Urgent
So, Obama cried “urgent!” and railroaded through a “stimulus” plan that has worked wonderfully to fix the economy.
(Just ask the more than 1 million Americans who lost their jobs in just the past two weeks.)
Then Obama called “Urgent!!” and pushed through the outright theft of two American automobile companies and gifted the ill-gotten gains to his union supporters.
(The June sales figures report GM and Chrysler down 33% and 42%, respectively.)
Then Obama called “URGENT!!!” and pushed to have his “Salvation for All People in Foreclosure Act” passed.
How’s that working out?
Um, well, not really well at all.
The Obama administration’s $50 billion program to curb foreclosures isn’t working, and the White House knows it.
Administration officials blame the mortgage servicers charged with carrying out the mortgage modifications and refinancing
under the federal program. Many of their Democratic allies on Capitol Hill back them up, but others are criticizing the White House for fumbling the execution. Whatever the reason, the program hasn’t stopped the rising tide of foreclosures: Experts predict that at least another 2 million homes will be lost this year, and the administration’s plan has so far reached only about 160,000 of the 3 million to 4 million homes it was supposed to protect over the next three years.
That’s bad news for the economy – and bad news for the Democrats.
The Democrats’ political and policy fortunes rest on their ability to persuade voters that they’re fixing the economy. But experts say that rising foreclosures will only exacerbate the nation’s economic woes, pushing down home prices, slashing state and local tax revenues and imperiling consumer confidence.
In fact, there are 1.5 million homes that went into foreclosure this year.
Into this record of urgent success – or lack thereof - Obama is now pulling out all the stops to shout “UURRGGEENNTT!!!!!!!!!!!!!!” about passing his health care “reform”.
Gee, with a record like that I feel really confident in how effective the latest “urgent” measure will be. Don’t you?
Obama is attacking Democrats who are not toeing the line right now. (Yeah, it is the DNC, yeah it is done through proxies, but is anyone really stupid enough to think that the attacks are not directed from the White House itself?)
They are desperate. The “urgency” is a sign of just how weak they are right now. Passing another urgent demand from Obama right now is suicidal, given the results of his past urgencies.





