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All administrations tax, borrow, and spend. The differences between Dems and Reps is who they tax, how they borrow, and what they spend it on. We elected Obama because we trust him to decide the who, how, and what. To say that he "swindled his way into office on promises he never intends to deliver" unfairly and offhandedly questions his integrity even as he has proven over and over again that he says what he means and means what he says. It is also shockingly sad that your excitement has so easily been diminished only to be replaced with cynicism when he hasn't even done anything yet as president since he has not even been sworn in yet.
I understand that Obama pins a lot on this idea of "post-partisanship", but if the GOP won't play the same game, will he cave, or push forward?
They must stop their party, ego first mentality and and for once put our country first. It is our survival.
Bush, Cheney, Rumsfeld, Gonzalez, Rove; all of them and anyone else who profited at the expense of all the rest of us should be tried and prosecuted at the very least.
Jan. 8 (Bloomberg) -- As the U.S. housing recession enters its fourth year, there’s no sign of a recovery because speculators account for most of the rise in sales.
While the purchases are trimming the inventory of unsold properties, most of those bought by speculators will likely return to the market when prices rise again, hampering any recovery, said Nobel laureate economist Joseph Stiglitz and Yale University Professor Robert Shiller in interviews.
“We’re creating a shadow inventory of homes that will be right back on the market as soon as the economy and the housing market begin to improve,” said Stiglitz, a Columbia University professor of economics. “We could see a double-dip in the housing recession if that happens.”
Banks owned a record $11.5 billion of repossessed homes in the U.S. at the end of the third quarter, according to the Federal Deposit Insurance Corp. Foreclosures accounted for almost half of all U.S. purchases in November and homes in default helped increase sales 83 percent in California.
There were an average 3,100 foreclosures per day in the U.S. in November, according to RealtyTrac Inc., an Irvine, California real estate data company. That’s triple the 1,000 per day average in 1933, the worst year of the Great Depression, according to the Federal Reserve Bank of St. Louis. The repossessed properties offer opportunities for investors, who typically buy homes at auction and rent them out until prices increase and they can sell.
‘Flippers’ Rule
“You don’t have it in strong hands, you have flippers,” said Shiller, who helped create the S&P/Case Shiller real estate price indexes. “These speculators are preventing the market from crashing now, and when they get out it could fall again.”
http://thesebastards.blogspot.com/
Good stewards??? Which party got us 1.2 trillion in the hole ears you brain-dead moron? The people are coming, Mitch, and they aren't gonna take your crap anymore.
Will someone please call me when the "change" starts?
Krugman called this right almost two months ago:
http://www.nytimes.com/2007/11/16/opinion/16kru...
We have been so had.
And nothing, no one, is as bad as a republican. Ever.
To say the Democrats had control is ridiculous when the republicans would not join them to override the numerous vetoes.
Wake up, the Democrats did not have control. And policies that have created the deficit have been occurring over these last EIGHT years, certainly not the last two.