|
Cam
What the Dems have to fear is screwing up big time. I can't believe Chris Dodd is still running Banking and Finance.
If you read the papers today you'll agree that the media is trumpeting the end to the recession. Little do they know that our economic quagmire is far from over. Instead of ending, it's spread to much of the developed world.
Consider that an astounding one in nine American homes, that's 14 million houses, sit empty. The December median price of a home sold in Detroit was $7,500. What's more is that 8.3 million homeowners were upside down on their mortgage in the fourth quarter.
Freddie Mac's CEO resigned after six months on the job, the CFO hung himself. What does that tell you?
The projected US $1.75 trillion federal budget deficit is almost four times the nation's previous record-high budget deficit.
The Fed is now buying government debt (no one else will). Essentially ending deflation and fueling inflation.
Where are the newspaper editors? What happened to honesty in reporting? Is this what happens when you let one guy control what we read?
__________________
Tropic Cat
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
|