Even though his Jobs Act was voted down by Congress, Obama continues to try to address the housing, education and economic problems that exist in the country.
According to an article in the New York Times, Obama will kick off his new action plan in Las Vegas “by promoting new rules for federally guaranteed mortgages so that more homeowners, those with little or no equity in their homes, can refinance and avert foreclosure.” Obama will also be traveling to Denver, Colorado to address the policy changes made for college graduates. The changes will seek to ease graduate’s repayment of federal loans so students entering into college now will not be held back or deterred by financial worries.
While he pushes his new policies and rules, Obama will also be holding fundraising events in each city – Las Vegas and Denver – since both are crucial cities to the election. Obama is calling his efforts the “We Can’t Wait” campaign and comes after his failed attempt to get his Jobs Act passed. Last week, a unanimous vote by Senate Republicans blocked his plan and House Republicans refuse to put the measure to a vote.
“The only way we can truly attack our economic challenges is with bold, bipartisan action in Congress,” said Dan Pfeiffer, Mr. Obama’s communications director in The New York Times. “The president will continue to pressure Congressional Republicans to put country before party and pass the American Jobs Act, but he believes we cannot wait, so he will act where they won’t.”
SOURCE: The New York Times