US home foreclosures on the rise
The number of homes in some stage of being repossessed more than doubled in the three months to June, a report shows.
The number of US homes in some stage of foreclosure more than doubled between April and June from the previous year.THE WAY THE BBC/MSM REPORTS ON IT, YOU'D THINK THERE WAS A MORTGAGE CRISIS.
Figures from research firm RealtyTrac showed that one in every 171 US households was in the process of losing their home - up 121% on last year.
But, er um... thats up a "whopping" 0.58% of all mortgaged homes. LESS THAN 1%.
Some housing crisis!
Why does the MSM call it a housing crisis!?
Because the GOP has the White House, and they want the Dems to take it.
DON'T BE FOOLED.
The housing BOOM is being corrected - as it must be. It is not a crisis. This correction is long overdue, and much complicated by terrible mortgage practices by the financial community which is making the correction a little tougher.
The economy will rebound. If the USA doesn't elect Obama. If the USA elects Obama, then he will raise taxes and the economy will then go into a recession. One the MSM will blame on Bush.
IF YOU WANT THE USA TO GAIN ENERGY INDEPENDENCE AND STAY OUT OF RECESSION THEN YOU CANNOT VOTE DEMOCRAT.
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