First 100 Days: Housing/stimulus news

The Boston Globe on the home-foreclosure plan President Obama unveiled yesterday: "Warning that doing nothing would cost all Americans, Obama presented a three-part plan that contains $75 billion to help modify loans for as many as 4 million struggling homeowners, a change in mortgage rules to help as many as 5 million homeowners refinance into lower-cost loans, and a pledge of $200 billion to bolster mortgage giants Fannie Mae and Freddie Mac.”    The Globe puts together an FAQ on the housing program. The New York Times : “The plan, which was more ambitious and expensive than many housing analysts had expected, drew praise from consumer advocates as well as the financial industry.” The Times’ Zeleny makes this smart point about all of Obama’s travel so far as president -- it’s been to presidential battleground states (CO, FL, IN, OH, VA) that went from red to blue in November. “The president deviated from his pattern for the first time on Wednesday, appearing in Arizona to ... (link)