Create a foreclosure prevention fund for homeowners
The implosion of the subprime lending industry threatens to bring foreclosure to over two million households nationwide, and is spreading devastating impacts to the economy as a whole. Barack Obama recognizes that the real victims in the subprime mortgage crisis are not the lenders, butthe millions of borrowers who followed the rules and whose only crime was taking out mortgages that lenders told them they could afford. Normally, these borrowers could avoid foreclosure by refinancing their mortgages or selling their homes. Too many families are unable to refinance because no one will lend to them, and they are unable to sell their homes because the housing market has fallen. Aspresident, Obama will fight to ensure more Americans can achieve and protect the dream of home ownership.
By providing incentives to both lenders and borrowers, Obama’s plan allows some homeowners to refinance loans.
"The plan I’m announcing focuses on rescuing families who have played by the rules and acted responsibly," Obama said. "It will give millions of families resigned to financial ruina chance to rebuild. "
By putting $75 billion toward the program, Obama exceeded the terms of his campaign promise. Promise Kept.
Create a National Health Insurance Exchange
Over 45 million Americans—including over 8 million children—lack health insurance. Eighty percent of the uninsured are in working families. Barack believe he must redesign the health system to reduce inefficiency andwaste and improve health care quality, which will drive down costs for families and individuals. The Obama-Biden plan will improve efficiency and lower costs in the health care system by: (1) adopting state-of-the-art health information technology systems; (2) ensuring that patients receive and providers deliver the best possible care, including prevention and chronic disease management services;(3) reforming the market structure to increase competition; and offering federal reinsurance to employers to help ensure that unexpected or catastrophic illnesses do not make health insurance unaffordable or out of reach for businesses and their employees.
Obama sets date for withdrawal of troops from Iraq
"Barack Obama will work with military commanders on the ground in Iraq and inconsultation with the Iraqi government to end the war safely and responsibly within 16 months."
"Today, I have come to speak to you about how the war in Iraq will end," President Obama said in a formal announcement of a new Iraq strategy at Camp Lejeune, a Marine Corps base in North Carolina, on Feb. 27.
There are currently about 142,000 U.S. military personnel in Iraq, according to the DefenseDepartment. Under terms of an agreement reached with Iraqi leaders last year, the U.S. must remove troops from Iraqi cities by the end of June and, as the Obama plan reinforces, withdraw its forces altogether by the end of 2011.
Close the Guantanamo Bay Detention Center
A campaign fact sheet on counter-terrorism said this about Obama's promise to close the detention facility at Guantanamo:"Guantanamo has become a recruiting tool for our enemies. The legal framework behind Guantanamo has failed completely, resulting in only one conviction. President Bush's own Secretary of Defense, Robert Gates, wants to close it. Former Secretary of State Colin Powell, wants to close it. The first step to reclaiming America's standing in the world has to be closing this facility. As president, BarackObama will close the detention facility at Guantanamo."
Just five months ago, Democratic leader Harry Reid had softer words for Obama's executive order, saying that, at first blush, it appeared "to lay out a responsible and careful path that maintains every effective tool needed to defeat terrorists. In fact, I am convinced these changes will strengthen and enhance our counterterrorism...