Hoping to steal some attention away from arguably the biggest day of the Republican presidential primary season, President Barack Obama held his first press conference in five months today, hitting on two main themes: the housing market and the use of military force.
Obama proposed two new ideas for boosting the housing market in the wake of the foreclosure crisis. One was a reduction in refinancing fees for any loan secured by the Federal Housing Administration. The other was an agreement with banks to review foreclosures of homes previously owned by members of the military since 2006, with an eye towards reimbursing anyone who wrongfully lost their home.
On the other hand, Obama attacked GOP presidential candidates who, he said, had a “casual” view of the use of military force.
What’s said on the campaign trail….those folks don’t have a lot of responsibilities. They aren’t commander in chief.”
Obama also accused them of dancing around the issue of starting a war, saying, “If some of these folks think it’s time to launch a war, they should say that.”
While the housing plans Obama unveiled were relatively low-key — and not as sweeping as those he proposed in his State of the Union address — he appears to have succeeded in siphoning at least a little bit of attention off of Super Tuesday and the Republican candidates. Perhaps more importantly for him, though, he has drawn a clear line between their campaign rhetoric and the realities of being president.
— Benjamin Nanamaker, InvestorPlace Money & Politics Editor
The opinions contained in this column are solely those of the writer.
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