Obama Calls On Congress To Approve Refinance Plan

By: AP
By: AP

WASHINGTON (AP) -- President Barack Obama is blaming congressional Republicans today for not passing legislation he proposed in February that would lower lending rates for millions of borrowers who have not been able to get out from under burdensome mortgages.

In his weekly media message, Obama cited historically low mortgages and pressed Republicans to back housing policies the White House says would help struggling homeowners refinance their debts and prevent foreclosures.

For the Republicans, Arizona congressional candidate Vernon Parker faulted U.S. corporate tax rates for pushing jobs overseas. He says the country needs "a pro-growth tax code that brings jobs home and keeps jobs here."

He also called for the repeal of Obama's health care law.

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  • by csigrandma Location: Michigan on Oct 1, 2012 at 04:01 AM
    It does not surprise me.. everytime this man has tried to get something done.. The Republicans kick it back. The one thing I am waiting for is the next election.. where we can kick out the Rebulicans in Congress and do a Democrat takeover. Then we will see.
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