We are in a period of over-regulation where demand can't be priced in to valuation models.Watch what happens as Obama nears re-election...corporations are not investing because they are not getting the incentives to invest (that they want or feel they can get) so they are holding out.

Consider the source of the announcement (Obama) Doesn't exactly have a record of truthfulness.

Well I wish you would have posted here BEFORE closing them out.Length of credit history in good standing DOES affect your credit scores.If you have other credit that has a long history it shouldn't affect you that much.If however closing the 3 credit cards with 7 years of history you know only have a few credit lines with only 1 year or 2 of being open that is not great.In the end it shouldn't hurt you too much.When they made the new credit card rules last year or was it the year before credit card companies raised interest rates and annual fees from no fees.So what happened is the great credit people lost benefits because Obama wanted people with bad credit to not be taken advantage of.The credit companies simply restructured to make the same money.So A law passed that had good intentions but was misguided.The government believes when they pass a law people or companies will just take the loss but it never happens.So in the end these laws are just spinning wheels and not doing anything.I know many people who have closed their accounts once interest rates go up or annual fees are imposed.The downside is people want to maintain credit but some credit companies have been closing accounts if you don't use enough and they make a certain amount of interest off of you.It is getting rediculuos.

So now Uncle Sam is your landlord as pointed out above, and let's not forget HARP coming soon, re-fi all your GSE or Non-GSE mortgages at todays rates into a GSE loan.Maybe Obama is actually brilliant ( I think its a sovialist ploy not brilliance but stick with me).

If a republican does win, or Obama stays in office, it could take years for any proposed program to occur like what you are talking about.

Unless the new refi plan the Obama admin is implementing stops the foreclosures.

The S&P was around 680 in March 2009, shortly after Obama took office and now around 1500, or 120% gain over 4 years.

Can someone please explain to this Engineer what this bean counting bureaucracy mumbo jumbo 2012 Obama change means?

Many of my tenants have "free" Obama phones.

With the new Obama care tax I know I'll be screwed tax wise and may find that I'm better off paying the 1% penalty in the coming year.