Obama proposed lower lending rates for millions of borrowers

This Morning, Republican Presidential Candidate Mitt Romney will give the commencement address at Liberty University in Lynchburg, Virginia. Liberty has become a frequent louis vuitton shoes stop for Republican Candidates. Michele Bachmann, Rick Perry and Sarah Palin have visited the campus in the past year. In excerpts released by the Romney campaign, the former Governor will stay away from religious themes. Instead he talks about family and urges graduates not to get discouraged by the current economy. “America needs your talent and your energy, all the more now that our country’s in a tough spot. For you and so many young Americans, our current troubles can be discouraging. You are ready for jobs that were supposed to be ready for you. Millions wait on the day when there are jobs for everyone willing to work, and opportunities to match your hopes and your goals. But don’t lose heart, because that day is coming” The University estimates 34,000 people will hear Romney’s message. The ceremony will be held at Arthur Williams Stadium in Lynchburg, Virginia. President Barack Obama and rival Mitt Romney campaigned in two key states and tried to put aside politically risky talk of gay rights Friday and return to Americans' top worry: the economy. Obama discussed how to help homeowners avoid foreclosure in Nevada, while Romney focused on jobs in North Carolina -- more evidence that each views the sluggish economic recovery as the key issue in November's election. For both, it was a day to move past the week's back-and-forth on gay marriage, punctuated by Obama's announcement that he supports it. Romney, who repeatedly reiterated his opposition to same-sex marriage, was distracted by a news report that led him to apologize for decades ago mistreating a high school classmate who was gay. "There are things that we can do right now to help louis vuitton earrings create jobs, to help restore some of the financial security that so many families have lost," Obama told Nevada voters after he met with struggling homeowners. "But I have to say that there are a few too many Republicans in Congress who don't seem to be as optimistic as we are." Obama also drew a contrast with Romney's plan for the nation's struggling housing market. While never mentioning Romney by name, the president criticized his rival and others in the GOP for saying the government should allow the housing market to "hit bottom and hope for the best." Romney will give the commencement address today at an evangelical university in Virginia, a speech designed to help him reconcile with religious conservatives nervous about his record on social issues. The presumptive Republican nominee planned to blend social and economic themes by telling Liberty University's graduates that strong families are central to a strong economy. "America needs your talent and your energy, all the more now that our country's in a tough spot," he said in prepared remarks for his speech at the school founded by the late Rev. Jerry Falwell. "In the most practical, everyday terms, the best cultural assets are values as basic as personal responsibility, the dignity of hard work, and, above all, the commitments of family." GOP leaders are warning conservative activists against making the gay marriage issue more prominent than Obama's stewardship of the economy. "I'm gonna stay focused on jobs, thanks," House burberry handbags outlet Speaker John Boehner said the day after Obama's pronouncement on gay marriage. "The president can talk about it all he wants." Romney took a similar approach Friday in Charlotte, N.C., avoiding even mentioning social issues, even though North Carolina voters on Tuesday strengthened the state's ban on same-sex marriages. Instead, he focused his remarks on Obama and the slow speed of economic recovery. Obama, meanwhile, focused on foreclosures. He spoke in Reno, Nev., on Friday, pushing Congress to approve mortgage refinancing legislation. For contrast, his campaign pointed to Romney's past assertion that the solution to the foreclosure crisis was to let the housing market hit bottom. Earlier this year, Obama proposed lower lending rates for millions of borrowers who haven't been able to get out from under burdensome mortgages. Obama would cover the estimated $5-billion to $10-billion cost with a fee on large banks. But that plan faces an uphill fight in Congress. The White House said it would not insist on the bank fees to finance the plan. In choosing Nevada, Obama focused on a state burberry watches that he won in 2008, but whose economic struggles have been among the worst. Nevada's unemployment rate was 12% in March -- the highest in the nation. The state's foreclosure rates are second highest in the country, behind only Arizona.