It is widely accepted that for the U.S. economy to recover, reducing the number of home foreclosures is essential. Last Wednesday, President Obama and his economic team unveiled a plan to do just that. Of course, the plan is expensive and has been a source of controversy, and rightly so. However, what struck me most about opposition to Obama's housing plan was an obvious lack of empathy for those in danger of losing their homes.

GOP opposition to the plan was predictable, but Republicans were fortunate that someone else would vocalize their dissent for them this time. Obama's plan to remedy the housing crisis was decried on the floor of the Chicago Mercantile Exchange by Rick Santelli of CNBC. Santelli's "Chicago Tea Party" rant quickly turned viral, which largely absolved the GOP from having to make the argument for themselves.

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