Barack Obama actually said...

"It will not help speculators who took risky bets on a rising market and bought homes not to live in but to sell. And it will not reward folks who bought homes they knew from the beginning they would n..."

"We will make it possible for an estimated four to five million currently ineligible homeowners who receive their mortgages through Fannie Mae or Freddie Mac to refinance their mortgages at a lower rat..."

"We know that, if we do not act, a bad situation will become dramatically worse. Crisis could turn into catastrophe for families and businesses across the country."

"Jim, the Head of Caterpillar said that if Congress passes our plan, this company will be able to rehire some of the folks who were just laid off. And that's a story I'm confident will be repeated at c..."