this time, taking aim at housing. something he details just moments ago. chief white house correspondent ed henry is traveling with the president. reporter: business is starting to boom on the las vegas strip. a dozen miles away at the neighborhood of underwater homes the economy is in terrible shape to people like teresa cabrera. the 43-year-old customer service rep at auto glass store believes obama is trying but not delivering. has he done enough to deal with foreclosures? i don t think so. he went to down here and it s been hard for everyone. the president came to cabrera s neighborhood to prod congressional republicans with a new message. we can t wait. reporter: and unveil a new housing plan that bypasses congress. executive action that will allow people with underwater mortgages to refinance to lower costs. if they are current on payments and have loans backed by fannie and freddie. consumers save money, the families save money.