Record Number Of Americans Lost Homes in '07

Remeber the info-mercials? What was it ... "How to become a millionaire in real estate without using your own money."

That's how we got here. The house of cards is "adjusting downward".

I wonder how many of them knew they couldn't afford the McMansion, but figured they could "flip" them for a huge and easy profit in two years?

Does anyone know the last time Bush used the "American Homeownership is at an all-time high" line? Just curious.

The record breaking bush administration does it again from Smashing Buildings with Americans still working in them -(no problem today all those people would be safely unemploied) to 4 dollar a gallion gas! The, stuff of derams, dreams I tell you (if you own oil stock like bush).

Thanks again President Cheney & Rove!!!
Well, so much for experience in politics as the litmus test for excellence huh?

The cost for the war in Iraq is our economic security.

The Soviet Union held its own during the cold war, until they ventured into Afghanistan and a financialy unsustainable war there.

The Soviets war in Afghanistan brought about the end of the Soviet Union and Communism in Russia.

Will the U.S.'s war in Iraq bring about the end of democracy in America?

A record number of homeowners lost their homes


They lost their houses? It must be the iraian's fault or maybe Al Queda or better yet that dictator Chavez. Ya, we can use it as an excuse to start another war, and enrich ourselves some more. You see there's always a siver lining.

Time to turn this ship around......

http://pacificgatepost.blogspot.com/2008/02/rebounding-us-economy.html

...From the ground up.

It sure is convenient that this recession can be blamed on "sub-prime borrowers." Gosh, this economy would be just SWELL if it weren't for those borrowers that defaulted on their Sears card.

I hope most of those closures were in Ohio.

Until everyone feels the pinch a recession won't happen, there are to many people that are doing just fine and not hurting one bit almost unaware of the trouble some are in, until everyone feels it its business as usual to many have's not enough have nots.

Carlyle Group down 60% and defaulting on Margin calls.......... WOE AS US....TISK TISK TISK.
That's the James Baker, Bush "hedge fund" as it were...... What about them apples? Turns out Carlyle was leveraged out the ol' wazoo, for every one dollar of real assets, they controlled $28 in leverage...... that gets to be tough nuggies in times of market melt down .... now don't cha' just suppose it does!

Just the beginning people ...

The economy is now entering negative growth for everyone, not just the middle, working and poor classes. Of course the bottom 60% have been in recession since 2001.

Peak Oil has finally reared its' ugly head and the way forward is increasing volatility but always ending up lower overall.

What a goofy story. It starts out trumpeting a "record number" and then never tells the number except in percentages.

This is true slacker reporting and editing, failing clearly to answer the first question you raise.

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And Our President dances on. . .

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