“When Liberalism Doesn’t Work It Discredits Liberalism”

Conn Carroll /

This past Friday the Associated Press reported:

Nearly half of the 1.3 million homeowners who enrolled in the Obama administration’s flagship mortgage-relief program have fallen out.

The program is intended to help those at risk of foreclosure by lowering their monthly mortgage payments. Friday’s report from the Treasury Department suggests the $75 billion government effort is failing to slow the tide of foreclosures in the United States, economists say.

Faced with this reality, Media Matters fellow Duncan Black blogged: (more…)