October 28, 2011
FAILED PROMISE: Obama OnForeclosures
Obama Fails On Promise He Made Three Years AgoToday To “Stop Foreclosures”
FAILED PROMISE: OBAMA FAILS TO STOP FORECLOSURES
THEN:On October 28, 2008, Obama Ensured His “Financial Rescue Plan” Would“Stop Foreclosures.”
OBAMA: “As President, I will ensure that the financial rescue planhelps stop foreclosures and protects your money instead of enriching CEOs. And I will put inplace the common-sense regulations I've been calling for throughout this campaign so thatWall Street can never cause a crisis like this again. That's the change we need.”
(PresidentBarack Obama,Remarks,Chester, PA, 10/28/08)
NOW:Since President Obama Took Office, Over 7.5 Million Properties HaveReceived Foreclosure Filings.
In 2010, One In Every 45 Housing Units Received A Foreclosure Filing.
PressRelease, “Record 2.9 Million U.S. Properties Receive Foreclosure Filings In 2010 Despite 30-Month Low In December,”RealtyTrac, 1/12/11)
President Obama Promised That His Housing Program Would Prevent 7 To 9Million Families From Foreclosure.
“And we will pursue the housing plan I'm outlining
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