PRESIDENT OBAMA’S HOUSING PLAN AND THE AMERICAN CAPITALIST CLASS
February 21st, 2009
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from the WORLD SOCIALIST WEB SITE: Obama’s housing plan and the American ruling class 21 February 2009 US President Barack Obama’s Homeowner Affordability and Stability Plan (HASP), announced Wednesday, will do little to alleviate the enormous financial pressures on working class families caused by plummeting home prices. It does not reduce the outstanding debt, or principal, that homeowners owe the banks, which for millions of Americans now surpasses the value of their home
