Obama pledges mortgage help with new financial plan | Reuters

“Soon my Treasury secretary, Tim Geithner, will announce a new strategy for reviving our financial system that gets credit flowing to businesses and families,” Obama, a Democrat, said in his weekly radio address.

“We’ll help lower mortgage costs and extend loans to small businesses so they can create jobs.”

How about cutting their taxes and the burden of regulations they have to cope with instead, you socialist nitwit?

Republicans, who opposed the president’s stimulus package of over $800 billion largely because of its spending priorities, suggested mortgage help as well, proposing government-backed 4 percent fixed-rate mortgages for “any credit-worthy borrower,” Senate Republican Leader Mitch McConnell said.

“The availability of these low-interest loans would increase demand for houses significantly and low-interest mortgages would boost household income,” McConnell said in a separate radio address.

Yeah, and watch the dreaded “real estate speculators” provide the obvious unintended consequences.

“Americans know that our economic recovery will take years — not months,” he said. “But they will have little patience if we allow politics to get in the way of action, and our economy continues to slide.”

And if your “solutions” consist of nothing more than mounds of pork, high taxes, high regulations, and every failed nostrum from the entire socialist grab bag, the recovery might take decades.

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