Source: Christian Science Monitor

After the Senate blocked consideration last week of Mr. Obama’s jobs proposal, the administration has moved to Plan B: bypass Congress and enact change via executive-branch measures. On Monday, the federal government announced new rules for some “underwater” homeowners, to make them eligible for lower interest rates.

The president will discuss the new program in a speech in Las Vegas Monday at 5:30 p.m., Eastern time. Nevada has both the highest unemployment (13.4 percent) and foreclosure rates in the United States, and it’s a crucial swing state in next year’s presidential election.

In the “We can’t wait” initiative, the administration is “taking and highlighting a series of executive actions to show that we’re doing everything we can do to get the economy moving to help middle-class families and create jobs,” said Dan Pfeiffer, White House communications director, in a call with reporters.

At the same time, Mr. Pfeiffer said, the administration will continue to pressure congressional Republicans to pass the president’s $447 billion jobs bill, the American Jobs Act, either in its entirety or piece by piece.


Read more: http://www.csmonitor.com/USA/Politics/2011...

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I think Republicans may argue that the American people spoke forcefully in 2010 to reject calls for regulation and to instead demand lower taxes for the rich, er job creators, and less regulation and unions. Indeed, Darrell Issa and the House Republicans will probably call this effort to help home owners and students an impeachment worthy effort to bypass Congress and the will of the American people. Afterall, if the American people did not want tax cuts for the rich, less regulation, and less unions, why would they elect Republicans and Tea Partiers to the House?

Indeed, if you watch Fox News enough, you may even start to believe these RW talking points.