Obama to banks: Start cutting mortgage payments

(By Ed Morrissey, Hot Air) - With his economic policies on housing failing for the past year, Barack Obama has decided to double down on postponing the inevitable. In order to stem the coming tide on foreclosures, Obama has come up with the notion that banks should simply stop getting paid for their loans, at least for those people out of work. This child-like solution will mean that Obama will subsidize even more mortgage payments...