On Monday, President Obama will start a new strategy to address some of the problems America is facing in light of an unresponsive Congress. The President will begin by issuing executive orders on a regular basis to fix regulations on college loans, housing, and economic issues. The New York Times reports:
According to an administration official, Mr. Obama will kick off his new offensive in Las Vegas, ground zero of the housing bust, 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.
And Wednesday in Denver, the official said, Mr. Obama will announce policy changes to ease college graduates’ repayment of federal loans, seeking to alleviate the financial concerns of students considering college at a time when states are raising tuition.
In the face of the monumental economic and political challenges facing our country, taking these common-sense steps to help the people needing aid at this time is a bold, decisive move from our President.
UPDATED: Check out The White House’s Blog for more information on Monday’s announcement.