Has Barack Obama done anything for you?

@mommaj (22709)
United States
April 20, 2009 1:04pm CST
Has Barack Obama done anything for you? I know he helped us if what is supposed to happen happens. We were going to lose our house because my husband lost his job and couldn't find another one in the same area that paid enough to pay for the house. Hopefully, because our area is high in foreclosures, the banks are going to work with us through forced mediation by a judge. All these banks received bail out money and are sitting on the money. Hopefully with the judges saying mediation the banks will have to work with people. Before all this happened to us, our credit scores were over 700, now we will be lucky if they are 500 combined! Has any of President Obama's plans helped you out?
5 people like this
13 responses
@inertia4 (27599)
• United States
7 Jan 16
Lets see, the economy at the time of this post was ruined by the Bush administration. So, they did not seem to care about the american people at all. The banks got greedy, gave mortgages with a dream and screwed people in the end. The banks deserved to go bankrupt. And should have. Screw them. They created this mess in the first place.
2 people like this
@mommaj (22709)
• United States
7 Jan 16
I didn't appreciate the bailout because the banks didn't help anyone that was in foreclosure. Our area was devastated because I live near the Space Center and everyone was laid off.
3 people like this
@inertia4 (27599)
• United States
8 Jan 16
@mommaj Well, then, maybe Bush should not have bothered with the bailout to begin with. But being the puppet he was, he did it anyway. I never would have helped the banks. I would have let them suffer.
2 people like this
@mommaj (22709)
• United States
8 Jan 16
@inertia4 I think if the government was really that concerned all that money should have went to the citizens. Why? Because, most people would have spent it. When they spend it, more jobs, more products sold, more taxes coming in. I just don't think anyone thinks past the simple problem. Sure the banks were going to go under. Maybe with that money though people would have purchased homes or bought cars and needed loans. Not to mention if people were buying homes, the foreclosures might have been purchased. I think the banks get too many write-offs especially for the foreclosures.
2 people like this
@vandana7 (63568)
• India
12 Feb 16
So how is the situation for you now?
2 people like this
@vandana7 (63568)
• India
12 Feb 16
@mommaj ..Glad to know things are working you sweetie..hugs.
1 person likes this
@pgiblett (6595)
• Canada
26 Mar 16
@vandana7 What has he done for you? Come on he must have done something?
1 person likes this
@vandana7 (63568)
• India
27 Mar 16
@pgiblett -- I thought for long, and thought really hard. I came up with this. He came up with a bailout package for his banks. Indian bankers realized that they can do so something like what the US banks did and the government will step in to help. So they gave a lot of money to guys like Vijay Mallya. And now they are getting bailouts from the government. Guess who can't be a loser come what may (psst I own a few shares in Indian banks)?
1 person likes this
@PrarieStyle (2495)
• United States
20 Apr 09
He's raised my blood pressure. You might have gained by keeping your house, but my grandchildren will have to pay for it. When I lost my job, I lost my apartment. No one bailed me out or helped me. I moved on, got another job and another apartment. Obama signed the bill to give the banks the bail out money, not me...
1 person likes this
@mommaj (22709)
• United States
20 Apr 09
You are an idiot if you think the bail out money is helping me to keep my house. I still have the same principalloan balance on my house that I will be paying off. You lost your apartment because you didn't have a mortgage that you could work with someone on. I personally don't agree with the bail out money because it doesn't do anything especially not what you obviously think it is to be doing. The bail out money was for the banks to LEND money on NEW LOANS because they were crying poverty. Thanks for your response and sorry for your troubles.
@gewcew23 (8011)
• United States
20 Apr 09
Hold on there just a minute Prarie is the idiot, let us see you are the one that had 80K in the bank but cannot pay your bills. Sounds like you are the idiot.
1 person likes this
• United States
20 Apr 09
everyone is blaming obama for signing the bank bill out but thats not completley true bush signed them the first time when he billed out the car dealers , has anyone read the complete bank bail out bill the banks have to pay the money back it says it clearly on the bill , .the bail out startded before obama got into office.
1 person likes this
@gewcew23 (8011)
• United States
20 Apr 09
No and I do not want any government help, but instead of thanking Obama maybe you should thank every American taxpayer because not one dime of those bank bailouts came out of his pocket. So yes you still have a house and it only cost America two trillion dollars to do it. So you are welcome!
@mommaj (22709)
• United States
20 Apr 09
Oh good an intelligent answer! I am an American too who pays my taxes. Why don't you thank past Presidents that you have what you have. Do you own your own home? You have a good job to pay all the bills? You better pray to God you don't get fired and have to take a lesser paying job. Until the last years of the Bush administration I had over $80,000 in the bank. So you can imagine how much in taxes I was paying. If you need to cut someone down so you can feel more important or better than everyone else then thank you for paying your taxes too. FEEL BETTER?
@gewcew23 (8011)
• United States
20 Apr 09
WOW you make more than me, you probably have a nicer house than me, yet I am the one that does not have my hand out asking for government aid. So yes I am intelligent, so intelligent that I do not depend on the election of a politician to stay in my house. So thank you for the complement.
• United States
20 Apr 09
I don't even own a house. I don't ever expect to either. I could have gotten a loan years ago. But I knew I couldn't afford it. How nice that you make that much money and I have to help you pay for your house yet I'll never own one of my own. I see why you like the Obama administration so much...
1 person likes this
• United States
20 Apr 09
barack obama is in the process of doing something for me along with a million other parents he os sighning a bill to let the parentes make the choice of what school there kids go to insted of the goverment which is something i been waiting for because i been having a problem with that so i guess you can say he is doing something for me . as far as the bank bail outs go the banks i deal with never got a bail out and are going strong infact my house payment went down because the bank we went with is doing good it only went down by $10 but hey thats $10 in my pocket.
@mommaj (22709)
• United States
20 Apr 09
Our county is still zoned for which school your child will go to based on where you live. I think this is wrong because different schools have different programs that may be beneficial to other kids than just those living in the area. Our area is actually looking at schools closing because of the costs. This doesn't make me happy at all.
• United States
20 Apr 09
it's like that here as well but he is going to be signing a bill to change that , and i can't wait because i been fighting with people for alomat 2 years because my son needs a special class room and his home school don;t have it so i am fighting to get him into a great school that does so when he signs the bill then i wont have to fight anymore.
• United States
21 Apr 09
You might want to check on that bill again psychotaz. I saw a report on FOX news where they passed a bill ending the voucher program at least in DC. http://www.youtube.com/watch?v=JPMt9n8E6gY
@Guardian208 (1095)
• United States
21 Apr 09
Immensely! I work in the financial planning industry. We do not invest in any stocks, bonds or equities. Our clients have not lost one penny in this crazy economy. Every time President Obama or Mr. Geitner speak publicly on the economy the market takes a dive. People are flocking to our company because they want to get their money out of the system and into something safe and guaranteed. Considering how the Dow Jones has averaged a little more than 5% since inception and we can guarantee 7% with no downside risk, out business has never been better. So yes, President Obama's reckless economic policies have created fear and trembling in the markets and have driven my business to levels I couldn't have imagined before.
@mommaj (22709)
• United States
21 Apr 09
A financial planning industry certainly isn't a bank so I guess you guys would be doing good. It almost sounds like one of those life insurance companies that give dividends. I wish I would be in shape to need something like that.
• India
21 Apr 09
No, even I don't feel anything special about him. Even i don't think that my life will be affected by him in near future. He is also same as traditional president as other.
@mommaj (22709)
• United States
21 Apr 09
I don't think he has changed the way American views the economy or the world but the economic crisis certainly has changed Americans. The world watches and waits. I hope his change is for the better.
@irishidid (8523)
• United States
20 Apr 09
From what I understand it is much harder to buy a house as a first time home buyer even with the $8,000 carrot on a stick and refinancing your mortgage is also much harder. My credit score is higher than it was a year ago, but that was my hard work.
@mommaj (22709)
• United States
20 Apr 09
Credit score doesn't matter unless it is in the high 700s or 800s which is perfect credit. Banks aren't lending money because with the economy who is going to be able to prove their job is secure. Loans are going to require at least 20% down now instead of all the non-conforming loans that were given out. Our credit score was so good we didn't ever have to put money down for a loan. Now that is a thing of the past... Congratulations on raising your credit score over the past year. Keep doing what ever you are doing "just in case". The credit system as we have known it may be a thing of the past.
@missybal (4492)
• United States
20 Apr 09
Well I hope that you get help although I doubt in the end it will work out as you may hope, but no nothing Obama has done is going to help me. We don't even get to prosper from the tax cuts since we were already exempt from federal taxes due to my husband being overseas and actually even if we did get it I would be more than happy to give it back if our government would use it responsibly. The printing of money is only causing the U.S. dollar to loose value overseas where my husband is so that everything costs so much more that it's actually cheaper for me to buy canned and boxed goods and ship it overseas to him, which is what I've been doing to save as much as possible. We worked hard and got ourselves debt free and even know we don't have to be so careful anymore I'm not about to slack off because I wish to be as prepared as possible for hard times.
@meandmy3 (2229)
• United States
20 Apr 09
How has he helped me, he has not helped me he has hurt me, his lack of compassion for special needs children, cuts in special needs projects at schools and therapy provide by the schools is hurting me and my family and his changes in insurance is going to hurt us even more. I will have to change therapist, from the ones that have been with my kids for 3.5 years now, we will take more than a few steps back when we have to start over with a new one. oh and please thank obama for the banks bail out, that happened under the Bush administration, remember and oh yea thank me while you are at it, more important thank our children as they are the ones that will pay for these tax breaks etc for years to come.
@mommaj (22709)
• United States
20 Apr 09
I am going to have to look into the new insurance proposals you speak of because I haven't heard of these yet. Our schools hasn't cut special needs yet and hopefully they won't since my son is taking advantage of the public programs. Of course I am sure there are some people on here who aren't happy that schools exist because taxpayers pay for them and oh my let's not mention the fact that there are special needs programs. My son will be in a special ed class until he goes to kindergarten. I will look into Obama's health plans and if you are correct I am sure my senator will hear from me yet again!
• United States
20 Apr 09
Nope. But they (Obama and Congress)have hurt us. We are going to be paying for all this wasteful spending for a long time.
@mommaj (22709)
• United States
20 Apr 09
You are definitely right about Americans paying for bail out money and all the other wasteful spending. It's a shame no one has figured out the answer to the economic problem yet. I feel the bail outs just added to the problem. Quite honestly all the regulations that were made around the bail outs would have worked with out giving money to the banks. Unfortunately the government didn't want to own all the banks through the FDIC.
@xfahctor (14128)
• Lancaster, New Hampshire
20 Apr 09
I have to ask you, do you genuinly base your vote on how someone is going to help you in your personal life? If this is the case, then you are doomed to fall for every rainbow promising shyster that comes along. Would you have accepted that help if it came with freedom restricting strings? Would you be willing to sacrifice your freedoms for that extra financial security? Would you be willing to trade the prinicpals of our constitution, for monetary gain? If you voted for Obama, or any other president, based on those promises, than you did EXACTLY that. May I respectfully ask if you tried negotiating with your mortgage company before the mandated court mediations went in to effect? Many will, it is in their own best interests to keep people in houses rather than forclose, it is simply just good business sense so many will in fact negotiate on their own if you contact them. I am dirt poor, I was under clinton, I was under Bush and I am now under Obama. NO U.S. president or government body has power over our personal lives, none have any power to effect change in our own personal living circumstances, the only ones whith that amount of influence or authority is US. We can look to the government for the answers to all our problems, but bear in mind, with those answers, comes hefty personal and principal sacrifice. I should at this point note I am NOT a republican, I don't vote for republicans, I don't support them and I don't belong to the party. No, Obama has not done anything for me, nor do I expect or want him to. The ONLY thing I expect of President obama is to uphold and stick to the limited duties prescribed in the constitution, PERIOD, and so far, he has not done so in any way, he is as bad as, if not worse than Bush.
@mommaj (22709)
• United States
20 Apr 09
Thank you for your comment. Yes I tried negotiating with the banks and you are right about it being in their best interest to negotiate. Unfortunately they do not. If you want to know the truth of the matter they get write offs for the foreclosures. It is actually beneficial to them to foreclose on you writing off a loss and to reclaim their loss by resaling the property once the values go up. They won't receive more than what you owe on the house but they will make a little from the write offs the government allows. Banks are businesses and run as such. As for the mediation they have been around longer than what I have been alive. However, federal laws helped make mediation a little more common. That's all I meant.
@orderfox (231)
• China
21 Apr 09
Because I am not in your country. Obama relief so i do not have any plans to help.