I guess the taxpayers and the banks will be funding people’s houses now. If you can’t afford your payment, never fear, Barack is here! He’ll force banks to refi the loan to your terms. To put it simply, that’s socialized housing.

Let’s see. I want a Rolls Royce. Maybe if I go to Barack he’ll force the bank to forgive the depreciation, forego the down payment, charge little or no interest, and then I’ll be able to decide how much my payment will be! That’s exactly what he’s attempting to do with housing. Tried that and it failed (Community Housing and Redevelopment Act). That’s what caused the markets to crash in ’08.

The Obama administration has signaled to allies that it will take a more aggressive role this year in protecting homeowners from foreclosure, a posture that fits with Obama’s populist campaign stance.

Housing is poised to become a significant issue in the 2012 campaign season and President Obama’s allies acknowledge the administration’s efforts to help homeowners, while well intentioned, have fallen short.

There are votes to be had by pandering to the deadbeats that can’t pay their bills, Obama’s base in other words. Gotta shore it up and throw the losers a bone!

He gets a win-win out of it. Buying votes and socialized housing! Fits his Bolshevik ideology perfectly.