I can tell how much this good economic news upsets you, Frank. Sorry to ruin your morning.
I don't think 'good' economic news upsets him, and this is not a left right issue as far as im concerned (both sides are to blame here). But you can't tell me that Obama hasn't made the situation a lot worse here by allowing home owners to be able to refinance at lower monthly rates to artificially drive demand for housing higher. There are always small railles before the big drops in stocks, and this statistic is no different. The fundamental problems still linger, and as long as the government tries to infuse demand in our economy, the long term problem will only get worse. This is suppose to be a time of recovery for the United States after the 08 recession. If 15% unemployment (the actual figure), high college loan debt, and these inflated housing numbers are the best we can do during the boom times, what's going to happen when interest rates rise? This kind of inflation that we're seeing cannot be sustained for much longer, I assure you. I promise you, what Obama is doing is making the situation a lot worse, and the reprecussions will be seen in the not too distant future
