src: WSJ (click pic)
After looking at this graph, I have to say that part of the problem has to be the apparent ineffectiveness of the "Hope Now Alliance".
Of course, just as with the Iraq war, the Bush Administration didn't take up any benchmarks for performance for this program (that I know). We again rely on Inspector General or something, in order to get any real information about what is going on.
So, how is the program working? How many people have found "new hope"? How much worse would these statistics be without it?
Given that we are now in "crisis management" mode, Hillary's idea of a six month moratorium on foreclosures doesn't look so bad, if it buys some time to figure out how to 'work out' some of the problem.
Tuesday, September 23, 2008
Diagnosis: The "Hope Now Alliance" - is it failing miserably?
