Here’s the first of many signs that show that the bailouts are not working: More than half of delinquent homeowners whose mortgages were modified earlier this year ended up re defaulting within six months.
Some 53% of borrowers with loans modified in the first three months of 2008 and 51% of those with loans modified [...]
There’s no doubt that the economy is facing hard economic times (as spewed forth by the liberal biased media). There are thousands of stores closing across the nation. What the media fails to mention is the growth and openings of new retailers. Yes, the economy may be undue pressure on certain retailers [...]
As if the recent $8 Trillion in bailouts is not enough to screw over the American people, the Treasury Department has the gall to consider a lobbied plan that would systematically have mortgage rates reduced to 4.5% or lower. ARE THEY INSANE???
Lobbyists are pushing the Treasury Department to consider a plan to purchase mortgage-backed [...]
The Big Three automakers (GM, Ford, and Chrysler) are whining to the government that they need money too, in the amount of $34 Billion. Heck, what’s a few billion here and there. It’s less than a penny when you look at the whole bailout package totaling nearly $8 TRILLION dollars. Can you [...]
The liberal media ALWAYS has an excuse for bad times to try an make it NOT the Democrats fault. This time, they are trying the push the blame on President George W. Bush for not 1, but 2 recessions during his 8 years as president (neither of which actually happened).
Adding to the gloom, the [...]