90.9 WBUR - Boston's NPR news station
Top Stories:
PLEDGE NOW
Here and Now with Robin Young
Public radio's live
midday news program
With sponsorship from
Mathworks - Accelerating the pace of engineering and science
Accelerating the pace
of engineering and science
Tuesday, August 21, 2012

Obama Allies Criticize President’s Efforts On Foreclosure

(AP)

Are President Obama’s decisions on the foreclosure crisis hurting his re-election chances?

The administration has tackled the foreclosure crisis with what New York Times reporter Binyamin Appelbaum calls a limited aid program:

He tried to finesse the cleanup of the housing crash, rejecting unpopular proposals for a broad bailout of homeowners facing foreclosure in favor of a limited aid program — and a bet that a recovering economy would take care of the rest.

During his first two years in office, Mr. Obama and his advisers repeatedly affirmed this carefully calibrated strategy, leaving unspent hundreds of billions of dollars that Congress had allocated to buy mortgage loans, even as millions of people lost their homes and the economic recovery stalled somewhere between crisis and prosperity.

Political allies of the President are saying that President Obama’s decision not to do more to help struggling homeowners may have been the administration’s most serious mistake.

California Democratic Representative Zoe Lofgren told the New York Times that the administration was simply “not aggressive enough .. and as a consequence they did not interrupt the catastrophic spiral downward in our economy.”

Administration officials say they did what was possible, and that it would have been difficult to do more given how the mortgage and banking industry is set up. And they point out that there was a tremendous amount of political opposition to more aggressive measures.

Guest:

  • Binyamin Appelbaum, Washington correspondent for the New York Times

Please follow our community rules when engaging in comment discussion on this site.
Robin and Jeremy

Robin Young and Jeremy Hobson host Here & Now, a live two-hour production of NPR and WBUR Boston.

October 30 2 Comments

How Athletes Are Getting ‘Faster, Higher, Stronger’

Mark McClusky says for elite athletes today, pushing boundaries and breaking records is all about "the aggregation of marginal gains."

October 30 12 Comments

A Computer Model Forecasts Ebola’s Future Path

With the virus in Africa, the U.S. and Europe, experts have created a computer model to predict where it could go next.

October 29 Comment

Reporter Crosses Into Syria To Tell Stories Of Fighters

Holly Williams of CBS discusses some of the people she's interviewed, including women soldiers on the frontlines.

October 29 9 Comments

How Far Have We Come Since The Financial Crisis?

Or are we already going backwards? We ask Michael Lewis, author of books including "Flash Boys" and "Liar's Poker."