Friday, July 25, 2008

MORE "SKY-IS-FALLING" ECONOMIC NEWS FROM MSM

AMERICAS

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.

BBC: US home foreclosures on the rise
The number of US homes in some stage of foreclosure more than doubled between April and June from the previous year.

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.
THE WAY THE BBC/MSM REPORTS ON IT, YOU'D THINK THERE WAS A MORTGAGE CRISIS.

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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