When is the IDES of MARCH?

JAY LENO: Well, you are by passing congress now and giving these executive orders. THE PRESIDENT: Yeah. JAY LENO: Explain that. Explain that.

“ THE PRESIDENT: Well, look, if Congress is gridlocked, if the Republicans in Congress refuse to act, then there is going to be a limit to some of the things we’d like to do, but there’s still some actions that we can take without waiting for Congress. So yesterday, for example, we announced working with some of the federal housing agencies. Let’s make it easier for people to refinance. A lot of these folks, because their homes are underwater now, their mortgages are higher than what their homes are worth, a lot of them are having trouble getting refinanced by their banks. And so they are locked in at high rates when rates should be a lot lower for them. We’ve said, “Let’s figure out a way to waive some of the fees, waive some of the provisions that are preventing them from being able to refinance.” And that could mean an extra couple thousand bucks in people’s pockets right now. They then have that money to buy a computer for their kid for school or what have you, and that will get the economy going again. So we are going to look for opportunities to do things without Congress. We can’t afford to keep waiting for them if they are not going to do anything. On the other hand, my hope is that, at some point, they start listening to the American people, and we can work with Congress as well. (Applause.) Segue: Obama's Imperial Presidency ”   Marc Miller