Oh Boy Obama!

The American Dream is to be a home owner. To stimulate the Economy I would recommend that the banks give an automatic fixed 30 or 15 year 4% entrance rate to all homeowners on their 1st mortgage. If under a variable that variable rate should remain in effect for another 5 years and ounce it reaches that five year mark that loan shoud encrease only by 2%. All Americans are getting hit in the pocket. Families are loosing their homes because of high entrance rates. It takes double income to pay a mortgage. Americans have went from double income to single income and from single income to none. Giving us low entrance rates on $30,000.00 vehicles is not going to help the economy. We need that low entrance rate on $200k to $500k mortgages. The banks are still getting rich during these tough times. Foreclose homes are being purchase by investors. Investors are renting these homes until the Economy is back on it's feet. They will then sale to the highest bidder and banks will give high entrance loans to those who cannot afford them. We will be back in another recession. This cycle will continue until we are no longer a super power in the United Nations. We all are making sacrifices except for the banks. Why are we protecting the banks who are robbing us? If we fix the banks we fix the economy. That's my recommendation/opinion.