Just re-posting from my inbox...
Friend
--
Now that each and every Senate Republican has vowed to block measures
that would create jobs, President Obama is not going to wait for them to rebuild
the economy and bring financial security back to the middle class.
Today,
he announced new rules on federal mortgages to prevent more families from losing
their homes to foreclosure. And that's just the beginning -- the President said
he would continue to make the changes he can by executive action, while
continuing to urge Congress to act on legislation to strengthen the economy and
create jobs.
If Congress doesn't act, he will -- because millions of
Americans can't just wait for Congress to do their jobs. That's why thousands of
you have been calling and tweeting your representatives over the past month,
joining the President in sending a message to lawmakers in Washington that they
need to act now.
We're not just going to continue to wait -- and
we'll be keeping up the pressure by making sure they're hearing from folks
across the country every day about why they need to act.
Will
you share your story -- and join President Obama in telling Congress that we
can't and won't wait?
Republicans in Congress have
repeatedly filibustered the President's ideas to create jobs now -- ideas that
until recently were supported by Republicans.
The President's action
today also stands in stark contrast to the positions of the Republicans running
for president. Mitt Romney even told a newspaper last week that we actually
shouldn't act; we should let the housing crisis "run its course" and "hit the
bottom" so that "investors" can come in and buy up these homes at cheap prices.
He's saying to homeowners that they are on their own, forcing thousands of
families to explain to their kids why they have to give up their
homes.
Doing nothing while families struggle: that's the opposite of what
this president and this campaign stand for. President Obama isn't going to let
Congress' inaction stop him from doing what he can right now.
So here's
what the President's announcement means:
-- More families whose homes
are under water will get help and save money on their monthly mortgage payment
through the Home Affordable Refinance Programs.
-- If the value of
your mortgage is $100,000 and your house is valued at $75,000, you previously
weren't able to refinance to save your home -- forcing many families to pay
higher interest rates. As a result of today's announcement, many more
responsible homeowners will be able to lower their rates and pay their debts.
-- And this is just one of the incremental changes to come. Next,
the President will announce new steps to help young people manage their federal
student loan debt while they look for a job and get on their feet. He'll also
take action to help small businesses and entrepreneurs, spur the engines of job
growth, create new jobs, and assist veterans in finding them.
These
measures alone are not a comprehensive solution to the economic challenges we
face. That needs to come out of Congress -- and if they're going to finally put
party aside, they're going to need to keep hearing from us. President Obama is
stepping up the pressure, and he's counting on us to keep going, too.
Get the President's back and keep the heat on Congress -- tell
your story of why we can't wait any longer:
http://my.barackobama.com/We-Cant-Wait
Thanks,
James
James
Kvaal
Policy Director
Obama for America
