Obama admn is doing the same thing that caused the bubble and the crash. Just to make it seem like the housing market has improved, but it is just the same game game all over again.
I guess they feel like a Republican will get elected in 2016, and then they can do to that Republican what they did to GW.
The more things change, the more they stay the same.
Mr. Demarco saved the taxpayers billions. He should be praised.He refused to allow democrats write downs of mortgage balances. Now comes a complete hack and it will cost you, your children and their children billions.
Nothing is going to improve until the real unemployment rate is safely below 5%.
The numbers we see on TV are from cooked books.
There is only one number that counts and that is the number that you get when you subtract the number of persons holding jobs from the number of all persons under 65 who are physically and mentally able to work.
And to do that, you have to find out how many of the 8 million people on permanent disability are really disabled.
Also you have to look at how many of the employed are working at a job that is a full time job.
Actually the best number would be hours worked vs. 40 hour week times total number of people under 65 who should be working.
These are not the numbers we see on TV.
So my point is that anything the Marxists do to try to bring back the economy other than creating real jobs that add to the nation’s wealth will only result in either a bubble and/or a total financial crash.