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Only ABC continued Wednesday's momentum from the White House, when Barack Obama succeeded in making healthcare reform the Story of the Day. Jake Tapper covered the continuing debate as the lead item on ABC's newscast yet neither NBC nor CBS even mentioned the day's developments. "The President's case was dealt a body blow," Tapper declared as the Congressional Budget Office found no evidence of cost-cutting in the legislation being drafted by Senate committees. The comeback from the White House was that CBO "does not account for the savings that they hope to achieve from Medicare and Medicaid."
Instead of healthcare, CBS and NBC focused on the housing market. CBS' Ben Tracy reminded us of Obama's "highly touted" plan launched in February to slow down the pace of foreclosures. Evictions are expected from 3m homes this year, yet only 325,000 have been helped by the President's plan. On NBC, CNBC's Scott Cohn warned that 22% of homeowners are "under water" on their mortgages, meaning that they owe more than the property is worth. "Some are just walking away." CNBC's Cohn suggested that the next assistance program may prevent evictions by allowing distressed homeowners to convert to tenants. The housing market "just got completely out of balance," Cohn's sources told him.
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