FamGuyToday by Aunty Fox

exposing Bullshit Mountain Propaganda, and preserving memories, for the 'Rocking Chair Days'.

Thursday, July 16, 2009

Is this possible?

The evening news, tonight, says that 22% of US homeowners are 'under water', that is, they owe more than their home is worth. This is a HUGE snowball rolling downhill, and gaining momentum. There is nothing like the housing industry, to create jobs, and that industry is dead in the water. Even around here, where the values are holding up, there is no new construction. The stimulus package is based on road building, and, compared to home building, that is NOTHING, as for creating new jobs. I just don't see an end in sight. Pretty scary....


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