Government to Refinance Your Mortgage?

http://www.dailyfinance.com/2011/08/25/will-obama-refinance-your-mortgage/

How come So late. This was needed back when all of this mess happen.
Why do they always wait till after everyone has lost their home. Makes a lot of since. Everything to late.
The ones that have already lost their homes have also lost their credit rating. This has taken them out of 2 markets. Housing market, and the loan business.
Why do the ones in charge never see what is in need.
The housing market will not come back till the Bankrupts, Foreclosures, and bad loan record comes off of their records and a return of American Jobs to our soil. The type of Jobs need to be long term with benefits and enough pay they can live on with out help.
It was asked to a person that was fussing about welfare. Ask if he was willing to pay a person adequate amount of money they did not need welfare. He never answered.