Obama nod to mortgage relief targets root of woes
Ah, yes. That will definitely get to the root of things. It’s sort of like getting to the root cause of crime by setting up an academy where young kids can be abused and tormented into becoming sociopaths, as well as instructed in the finer points of lawbreaking. That would be targetting the root cause of crime.
By Mark Felsenthal
WASHINGTON (Reuters) – President Barack Obama’s pledge to help housing with a new financial plan spotlights the root cause of the deep U.S. recession and may earn public goodwill as he balances massive bank bailouts with help for homeowners.
Obama promised on Saturday to lower mortgage costs as part of a financial rescue effort he is unveiling soon to boost the battered economy, which has been slammed by the worst financial crisis since the Great Depression, the harshest decline in growth in more than 20 years and the deepest slump in employment since 1945.
Well, at least the writer is honest enough not to say it’s going to do anything to remove the root cause of the problem.