http://www.moneymorning.com/2008/12/17/obama-housing-plan/ Investment News Provider Fri, 06 Nov 2009 11:54:40 -0600 http://wordpress.org/?v=2.8.4 hourly 1 http://www.moneymorning.com/2008/12/17/obama-housing-plan/comment-page-1/#comment-19463 If Holiday Retail Stats Don't Have Economists Saying "Humbug," Tuesday's GDP Report Certainly Will Wed, 08 Apr 2009 18:50:23 +0000 http://www.moneymorning.com/?p=3835#comment-19463 [...] data of the week revealed that his package can not arrive soon enough.  Housing starts fell by 18.9%, to a record low, and declining building permits did not offer much promise for future [...] [...] data of the week revealed that his package can not arrive soon enough.  Housing starts fell by 18.9%, to a record low, and declining building permits did not offer much promise for future [...]

]]> http://www.moneymorning.com/2008/12/17/obama-housing-plan/comment-page-1/#comment-13427 CSC Wed, 17 Dec 2008 22:05:16 +0000 http://www.moneymorning.com/?p=3835#comment-13427 An economy based on acquiring more debt is doomed to fail. Consumers were admonished for having so much debt and now are basically being told to spend, to save the economy. People are tapped out, housing is still too high compared to incomes, and with so many jobs disappearing or going overseas, people are justifiably reluctant to make major purchases, even if they could qualify for normal loans. People have also learned that many loans are predatory, even fraudulent. They don't want to get caught up in that mess when they see so many problems with it, nor do they want to bring on more debt and make things worse. These industries all need to get a clue, and more importantly, the govt needs to stop selling out to corporate special interests who got us into this mess. An economy based on acquiring more debt is doomed to fail. Consumers were admonished for having so much debt and now are basically being told to spend, to save the economy. People are tapped out, housing is still too high compared to incomes, and with so many jobs disappearing or going overseas, people are justifiably reluctant to make major purchases, even if they could qualify for normal loans. People have also learned that many loans are predatory, even fraudulent. They don’t want to get caught up in that mess when they see so many problems with it, nor do they want to bring on more debt and make things worse. These industries all need to get a clue, and more importantly, the govt needs to stop selling out to corporate special interests who got us into this mess.

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