WH Office Hours with Brian Deese 10/25

Brian Deese, Deputy Director of the National Economic Council, answers questions on why we can't wait for Congress to pass the American Jobs Act and a series of executive actions to put pressure on Congress, including steps to make it easier for homeowners to refinance their mortgages.

  1. #WeCantWait for today's Office Hours: Obama's econ advisor Brian Deese answers your ?s @ 4ET via Twitter. Ask w #WHChat http://ow.ly/78hdH
  2. #WHChat What is the White House's estimated cost to the GSE's from reduced loan principle under the HARP expansion?
  3. .@apumich We don't make those estimates for the GSEs, but by reducing default risk, refinancing can be win-win for GSEs & borrowers #WHChat
  4. #WHChat Student debt set to hit $1 trillion, what kinds of debt-management solutions (post-grad) can you propose for this tough job climate?
  5. .@jspriggs Stay tuned -- the President will announce tomorrow steps to help reduce debt burden for graduates http://www.whitehouse.gov/blog/2011/10/24/we-cant-wait #WHChat
  6. @whlive How much of the jobs bill does POTUS hope to achieve through executive action? What level of precedent is there? #whchat
  7. .@brettdjackson Exec actions can't replace Congress acting; but there are things we can do w/o them to help, like more refinancing #WHChat
  8. #whchat Since businesses think in the long run, will short-term tax cuts on the employer side do anything to increase hiring?
  9. .@DPMansdoerfer many small biz can't get credit. Cutting their payroll taxes next yr provides capital to spend on jobs, investments #WHChat
  10. #WHChat What are you going to do about businesses blacklisting the unemployed? Why is it legal to discriminate against the unemployed?
  11. .@cachexxii The President thinks it should be stopped. Jobs Act would forbid companies from discriminating against the unemployed #WHChat
  12. @WHLive What about manufacturing - connecting jobs w/ skilled workers and returning veterans? #WHChat
  13. .@TheMfgSummit It's a good idea, one we're working on. For example, see here: http://www.whitehouse.gov/the-press-office/2011/06/08/president-obama-and-skills-americas-future-partners-announce-initiatives #WHChat
  14. Brian the public understands Public sector jobs are as important as private sector jobs why can't Republicans understand that #WHchat
  15. .@garak99 Disappointing that Senate Rs last week blocked a step to prevent up to 280k teachers from losing jobs. We'll keep pushing #WHChat
  16. @WHLive #whchat only tax cuts for consumers will boost short term spending, therefore business profits, et al.
  17. .@John_Franti President's Jobs Act would cut in half payroll tax for every working American. $1,500 for typical family. #WHChat
  18. @WHLive Do the new guidelines allow, or better yet, call for principal reductions in refinancing underwater mortgages? #WHChat
  19. .@Only4RM Yesterday's changes focus on refinancing, but borrowers who participate can get subsequent loan modifications if eligible. #WHChat
  20. @whitehouse @whlive My gf has been unemployed for a good long time. How can she utilize the act? I'm editing her resume BTW. #WHCHAT
  21. .@han4yu3 Bill would give employers a $4,000 tax credit for hiring those unemployed for 6+ months. She's likely eligible. #WHChat
  22. @WHLive #WHChat What incentive do banks have 2 refi mortgs? Major issue banks led ppl on 4 1-2 yrs w/promise 2 refi/modify then 4closed.
  23. .@VCSP8 Refi changes unlock competition where now none. When banks compete for current borrowers it means lower rates for consumers #WHChat
  24. @JonasBlane Why is the #jobs bill BAD? The ppl unempl w/NOT agree & most othrs do NOT agree w/u. #WHCHAT

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