What a disgrace from the chimpster....
George Bush, May 2006:
Owning a home is an important part of the American dream. During National Homeownership Month, we raise awareness of homeownership and encourage more Americans to consider the benefits of owning their own home.Nearly 70 percent of Americans enjoy the satisfaction of owning their own home, and my Administration continues to promote an ownership society where the promise of America reaches all our citizens.
But just because he says something doesn't mean it's true. George Bush's America, December 2006 via Reuters:
A mortgage survey due on Wednesday is expected to show that more and more Americans are in danger of losing their homes. The quarterly report from the Mortgage Bankers Association is also expected to show that the same mortgage products that helped send the housing market into the stratosphere are now weighing homeowners down.In a hint at Wednesday's data, October saw more foreclosure actions than any other month this year according to RealtyTrac, an online marketplace for foreclosure properties.
What happens when a dream deferred? Does it dry up like a raisin in the sun?....
---an excerpt poem of Raisin in the Sun by Lorraine Hansbury
2 comments:
Yes new home sales are dropping rapidly, which means construction jobs, jobs for suppliers on construction equipment, tools, supplies,etc. and all jobs associated with such, title companies, realators, the domino effect...
Yup, and the Gerbil has dismantled the word: American Dream. It is frightening numbers of people whose homes are foreclosed...
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