YouTube: Obama Tells La Raza He Can't Change Laws 'On His Own'

Barack Obama this week will announce a series of actions to help the economy that will not require congressional approval,” Reuters reports, “including an initiative to make it easier for homeowners to refinance their mortgages, according to a White House official.

The Obama administration has been working with the Federal Housing Finance Agency, the regulator for Fannie Mae and Freddie Mac, to find ways to make it easier for borrowers to switch to cheaper loans even if they have little to no equity in their homes.

The FHFA intends to loosen the terms of the two-year-old Home Affordable Refinance Program (HARP), which helps borrowers who have been making mortgage payments on time but who have not been able to refinance as their home values have dropped.  They are also set to reduce loan fees that Fannie and Freddie charge and waive fees on borrowers that refinance into loans with shorter terms.

In Denver Today, Obama will announce a student loan initiative.

In September, Obama told the Congressional Hispanic Caucus Institute that “There are times where — until Nancy Pelosi is speaker again — I’d like to work my way around Congress.”

YouTube Obama Tells La Raza He Can't Change Laws 'On His Own':

Obama will use a new catchphrase to try to push Republicans into action: “We can’t wait.” It’s his latest in a string of slogans aimed at placing blame on Republicans for lack of action on the economy.

Obama and the Democrats controlled everything for two years.  It got us high unemployment and an astronomical deficit.  “We can’t wait” until we get the Democrats including Obama out of control.

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