He is feeling the pain. His new idea is to rescue people who are underwater with their mortgage. Announced in Nevada, he is apparently trying to help Harry.
Anyway, two guys buy houses next door to each other. Same house and they pay the same price. The only difference is that one guy (Mr. Ant) puts down 50% and the other guy (Mr. Grasshopper) gets a 100% mortgage and puts down no money at all. The prices fall and Mr. Grasshopper is underwater; Mr. Ant isn't. Our President's plan would help Mr. Grasshopper but not Mr. Ant. This is a clear display of the Administration's grasp of economics, fairness and knowledge of Aesop's fables. They know nothing about any of them.