Barack Obama actually said...

"It is wrong for anyone to suggest that the only option for struggling, responsible homeowners is to sit and wait for the housing market to hit bottom."

"I'll be the first to admit it didn't help as many folks as we'd hoped."

"That's why I'm going to keep up the pressure on Congress to do the right thing."

"President Obama announced his intent to nominate the following individual to a key Administration post: Jeremiah O. Norton."