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Wednesday, March 30, 2011

GOP House members want to cut HAMP but, prefer to not to answer 'Were are the Jobs?'

Judy BiggertImage via Wikipedia
Congresswoman Judy Biggert (R-IL)
engaging in GOP double speak
wants Democrats to stop asking
 "Were are the Jobs" but want
to cut the HAMP program
at the same time.


An Reach Out Job Search Op/Ed

The Home Affordable Modification Program known as HAMP, as not been one of our favorites but it is not because of the original intent of the legislation. 


Originally designed during President Barback Obama’s American Recovery & Reinvestment Act (ARRA) of 2008, the program was to allow homeowners to stay within their personal properly, until a modification of the mortgage could be performed by banking institutions.

To say that HAMP has been largely ineffective would be an understatement. The program has lagged far behind President Obama's stated target of reducing mortgage payments for 3 to 4 million struggling homeowners.

Republicans recited the program's January 2011 statistics in the House March 29th, during the floor debate prior to voting 252-170, in favor of ending HAMP. Since the program launched in early 2009, fewer than 600,000 homeowners are in permanent modifications as of February of this year. Another 800,000 homeowners have had their modifications complete canceled in the three years of the program, by banking institutions.

One would be wise to remember, that these are the same banking institutions --Bank of America, Citi-Bank, Wells-Fargo and many others -- whom received a tax-payer funded bailout with ARRA to the tune of $7 Trillion dollars.

Another point behind funding ARRA in 2008, that Republicans have been critical on enough to turn-over many state legislative bodies a GOP super-majority –including Michigan, Ohio, Wisconsin, Florida, Maine and others—is President Obama’s promise that the program would create jobs. That is until today.

Jobs generation is suddenly now, not so much, a important talking point for the GOP majority in the House. At least not if the opinion of Judy Biggert (R-IL) is taken with a similar grain of salt, she poured with her words on the House floor, the nations’ 30 million job seekers open wounds trying to find employment.

Congresswoman Biggert took to the floor to respond to Democrats questions on Were are the Jobs?” which included Representative Keith Ellison (D-MN), Sheila Jackson-Lee (D-TX) and Carolyn Maloney (D-NY).

First, Biggert attacked the HAMP program, urging her colleagues to end it. Then, Rep. Biggert signaled that she would oppose any Democratic amendments to the GOP’s bill for ending the mortgage modification program. Next, she disbelievingly told her colleagues, stop talking about jobs and focus rather on the substance of the amendments, reported on Think Progress.
“I would urge my colleagues to support — oppose this amendment. And stop talking about jobs, let’s focus on the substance of these amendments”, Biggert stated.
Talking about “Flip-Flop"! That same Congresswoman Biggert remarkably asked at a hearing on February 25, 2010, “Where are the jobs?” Watch both statements, just over one year apart, for yourself.

Representative Biggert (R-IL) statement on GOP Job Creation on March 29th via Think Progress




Representative Biggert (R-IL) statement on Democrat Job Creation on February 25th, 2010 via Think Progress






Wonder what Republican Governors -- Rick Snyder of Michigan, Scott Walker of Wisconsin and Rick Scott of Florida--who are threating or either have gut programs to assist regular working citizens, will stay in the next year when joblessness is still high in their states?

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