Reply #13: Um, apparently THIS doesn't

[zipplewrath]

I hope this has some positive effect. Krugman is more positive than I, and he admits that he hasn't really looked at the details and he isn't yet endorsing it. But if it actually DOES work, one would be moved to ask why they heck he waited 2.5 years + to get around to it. This is especially true considering that by now, many folks have decided to default on these mortgages and won't qualify for the help. I know 3 people who quit waiting for this kind of program and have moved on to default.

I hope his works better than past efforts. But it is proof positive that Obama hasn't had to "wait" for congress to act and in fact that he has CHOSEN to wait on congress.