Watchdog Group Declares Obama's Mortgage Plans A Bust!

Money and a little liberal action will fix anything right? There's nothing that the Obama-Man can't plan...

The AP Reports:

Watchdog doubts goals of Obama loan relief plan

WASHINGTON — The Obama administration's effort to help homeowners avoid foreclosure may not achieve its goal of helping 3 million to 4 million borrowers and may simply delay mortgage defaults for many, a government watchdog group says.

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Politics AP reports:

Watchdog: Obama's mortgage relief efforts aren't good enough

WASHINGTON -- The Obama administration's efforts to force the modifications of distressed mortgages, while laudable, is likely to fall far short because the foreclosure crisis has grown and threatens to dwarf government efforts to relieve it, a special congressional watchdog panel warned in a report released Friday.

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But gee whiz. Isn't he just GREAT for trying? Riiiiigggght...
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