Barack Obama: Ending the Mortgage Crisis w/Shaun Donovan


In his Weekly Address, President-elect Barack Obama focused on a key component of getting our economy back on track: ending the mortgage crisis.  He has selected Shaun Donovan to be his Secretary of Housing and Urban Development. Please view the information in the video above, and here is a link to the text of this Weekly Address statement.


With experience that stretches from the public sector to the private sector to academia, Shaun will bring to this important post fresh thinking, unencumbered by old ideology and outdated ideas. He understands that we need to move past the stale arguments that say low-income Americans shouldn’t even try to own a home or that our mortgage crisis is due solely to a few greedy lenders. He knows that we can put the dream of owning a home within reach for more families, so long as we’re making loans in the right way, and so long as those who buy a home are prepared for the responsibilities of homeownership.

In the end, expanding access to affordable housing isn’t just about caring for the least fortunate among us and strengthening our middle class — it’s about ending our housing mess, climbing out of our financial crisis, and putting our economy on the path to long-term growth and prosperity. And that is what Shaun and I will work to do together when I am President of the United States.

Personally, I like the fact that Obama speaks to us as adults and gives us the information we need to become partners in fixing things in this country.

About Red Vixen