saveliberty
Diamond Member
- Oct 12, 2009
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Foreclosures hit record in third quarter 2009 - Oct. 15, 2009
......from the article...............
No end in sight
The foreclosure crisis may not diminish anytime soon. "The fastest growing area is in the 180 days late-plus category, the most seriously delinquent borrowers," Sharga said. "It's going to be a lingering problem."
Plus, the RealtyTrac statistics may understate the depth of the foreclosure mess because lender and government actions have delayed many filings. As a result, some delinquencies have not been counted on the foreclosure tallies. That means the crisis may not end quickly.
When your economic policies are geared towards "Trickle Up Poverty"..........this is what you get: staggerring unemployment...........staggerring deficits...........anti-business taxation and flat growth rates............and evidently, massive increase in foreclosures.
How much fun is it going to be checking out the daily Presidential Tracking Poll in these coming months?????
The American People stated their opinion as to who was at fault in the current economic debacle in 2008. President Obama has been dealing with the failures of the eight years of incompetance and corruption that preceded his administration for less than a year. 2010 will tell if his policies are having positive results. Until then, you are just bleating about the failures of the Bush administration.
A little over half of Americans voted for Obama because they like him, wanted transparency, wanted an end to pork barrel spending, or wanted out of Afghanistan and Iraq. Currently the President is failing on all counts. As for the mortgage crisis, that is squarely on the shoulders of Democrats, in particular, Barney Franks.