The only ones talking aren’t funded by wall street that’s why.
CNBC-
There has been plenty of political talk about the economy this week, but precious few words about one of the biggest drags on the economy: housing.
[…]
Michigan and Ohio also rank in the top ten highest foreclosure rates, and their underwater borrower rate is also well above the national average. Neither Governor Romney nor President Obama have targeted any housing policy action at either of these states of late.
While many have criticized the Obama administration’s housing bailout, calling it too little and too complicated, the Romney camp has offered nothing other than to criticize the president’s home buyer tax credit that ended in 2010.
Last year, when asked about his plan to fix housing, Romney said, “Don’t try to stop the foreclosure process, let it run its course and hit the bottom.” Later he suggested that the housing market was unlikely to “cure” itself.
[CNBC]
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What was complicated about Tim Geithner’s “foaming” of the victims?
It was a screw job for the benefit of Banksters.
It’s an interesting point because if you look at basic numbers, 16,000,000 under water homes, (2.6 voting residents per home), 40,000,000 people living underwater, that’s a very powerful voting block. If that many people lived in 22 States they would have 44 senators.
Yet, it is still the unspoken $5 Trillion Dollar ‘F’ Word.
The least they could do is insinuate it’s time to return home from the shelters, but Perhaps not, and like Europe, home ownership will soon be an elitist sport.