Obama’s Debt to New Orleans”
In August 2005 the Democratic Party had no clear leader, no identifiable platform, no winning national coalition and little political courage.
Over the course of the past three-years, Southern Louisiana has endured the wrath of Hurricanes Katrina, Rita, Gustav and Ike. Middle and Northern Louisiana, like much of America, has coped with high foreclosure and unemployment rates. Louisianans, however, are resilient. Through each difficulty, we have persevered. We have done so, however with the help of the American people and the American government. For instance, our fledgling hurricane recovery has only progressed because of America’s support.
President Obama’s Homeowner Affordability and Stability Plan is a huge improvement over prior Bush policy in addressing America’s foreclosure crisis. However, it stops short of fully addressing the problem. The plan is designed to exclusively assist employed homeowners in danger of foreclosure.
As Yale awaits the arrival of James Perry, the Yale Daily News has written several articles in anticipation of his Master’s Tea talk.