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Obama Criticizes Congress on Housing Market

  • VOA News

U.S. President Barack Obama has called out the Congress, especially Republicans, for not acting on proposals aimed at saving homeowners thousands of dollars.

During Saturday’s weekly address, Obama said Congress has delayed taking action on a plan he sent them in February that he says would save homeowners $3,000 a year by refinancing their mortgages at a lower interest rate.

President Obama says the housing market is “healing” from the housing crisis of 2007 and 2008, and he is encouraging citizens to contact their representatives and urge them to take action when they return from their break in November.

Watch President Obama's weekly address:

In the Republican address, congressional candidate Vernon Parker of Arizona pushed repealing Obama’s health care law and touted his party’s plan for creating jobs.

Parker also advocated reforming the tax code, saying the Obama administration’s economic policies have made it difficult for small businesses to add new jobs.

President Obama and Republican presidential candidate Mitt Romney face off Wednesday in the first of three debates ahead of elections on November 6.