Victoria McGrane,Politico
Obama explains socialism
President Barack Obama will outline his plan to combat foreclosures in a speech Wednesday – eight days after taking heat for not detailing the plan as part of his new financial stability effort.
The White House said the Wednesday speech in Phoenix,Ariz.,did not reflect any change in planning. But earlier in the week,Treasury Secretary Timothy Geithner had said the White House would announce the housing plan “in the next few weeks.”