Summary: We're still fucked. At least the job market recovered. :MARIS61: http://www.ft.com/cms/s/0/cd7760f8-8b80-11e0-8c09-00144feab49a.html
The government is trying to keep people in their homes rather than allowing the market to clear. It's forestalling a real recovery because investors in real estate still don't think we've hit bottom.
Obama made a speech in Europe last week. It was expected, and it was news. I guess lefties don't understand news as well as economics.
Most people aren't aware of almost 2 million homes that are in the process of foreclosure and still have not hit the market. This isn't going to get any better soon because the average foreclosure takes almost a year and a half to be completed.
I was just talking about the average consumer who also hears all the BS coming from the NAR and Lawrence Yun which is then picked up by CNBC
Obama should be voted out if he can't get this ship righted by election time. My problem, as i'm sure is the problem with many Americans, is that there really isn't much better out there to choose from. I'd like to give Romney a chance for sure, but the Republican track record on cutting spending while in office is terrible. They do better while out of office, honestly. I'd also be scared shitless if a new Republican administration became as neo-con as the Bush/Cheney admin. War in Iran, North Korea, Libya, Iraq, Afghanistan doesn't sound very nice. As for the Economy though, I simply don't think Obama has done a good job. Reminds me of the South Park episode of the Giant Douche vs the Turd Sandwich.
President is a figure head. Get that nutbag Bernanke outta there. Green energy isn't the future. His stimulus plan was bullshit. Fuck it all.
