By Dirty Dan
This is an interesting, brief article, and accompanying video clip. It shows just how bad it hasn’t even gotten out there. What’s sad about this ‘recession’ is that the government has known about all of these red flags for decades, but nobody did anything about it because you can’t get elected by speaking reality. Nobody wants to hear how they’ve been spending too much money that they don’t have.
In order to get elected, you have to please the masses, which, in this case, are people who are in more debt than they can handle. So, in essence, the government is currently in the process of trying to make it less painful in the near term by forgoing economic prosperity in the future.
The latest round of government spending is a $250 billion dollar effort to slow the process of home foreclosures. What NEEDS to happen is the price of the average home has to come down to an affordable level. But that would hurt a bunch of people idiots who have invested too much in their homes (many of whom were hoping to flip them right as the housing market turned).