The editorial I have chosen to critic is, “Struggling with Mortgage? “Sorry”, says Obama Administration,” by Adrianne Strohmann. I thought her editorial was well written and quite informative. She took the time to research her information and used reputable sources such as MSNBC and the New York Times. The editorial provides a lot of facts and figures and is worth reading. The topic of her editorial is relevant to everyone. The economy’s well being is important to us all. Adrianne herself wrote that we all know someone affected by the mortgage struggle. Her opinion of disappointment of the Obama administration was made very clear. I agree that HARP was mismanaged just like so may other programs. What I really liked about the editorial is that it encourages the reader to get involved. The author encourages the reader to contact their representative. She even goes as far as to provide a link.
I agree with the author that the Obama Administration has not lived up to its promises. I feel a more aggressive and time effective plan was needed for the mortgage crises. The regulation of the banks by the administration was awful. The variable interest rates should have never climbed as high as they did. The banks should have been monitored more closely. Although many were able to stay in their homes so many more homes were foreclosed. Helping 70,000 families is a good start but letting 2.5 million homeowners foreclose is a shame. How is the economy supposed to improve? On the other hand how does one stop the snowball effect? Is four years long enough for any administration to rectify so may wrongs? Was the public’s expectation too high? I hope Congress listens to the American public. I hope that everyone will not make the same mistakes twice.
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