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Byline: Barack Obama, President of the United States
The President unveiled his homeowner rescue plan in Arizona, one of the states hardest hit by the home value downturn, with Phoenix down 43% since 2006.
I'm here today to talk about a crisis unlike we've ever known - but one that you know very well here in Mesa, and throughout the Valley. In Phoenix and its surrounding suburbs, the American dream is being tested by a home mortgage crisis that not only threatens the stability of our economy, but also the stability of families and neighborhoods. It's a crisis that strikes at the heart of the middle class: the homes in which we invest our savings and ...