Uncertainty in where this government is headed with what are perceived and projected to be a disastrous outcome for the nation. The two elephants in the room are the healthcare bill and the global warming treaty, which is the basis for Cap in Trade legislation. With those guys in the room everyone else is leaving and the party is over until the gas clears from all the manure, but by then you’ll never get the carpet clean.
The Unemployment and the resulting Foreclosure rates are critical and still rising, mainly caused by businesses anticipation and preparation for the impending taxation herd above. Pull out the elephant gun and drop those two beasts and we have a chance of rebuilding.
For shot number three it is imperative to stop the foreclosure storm, via executive order in necessary and take some pressure off the American Family. Foreclosures now are not what the banks complained about any longer, with being forced to accept “bad borrowers’ to get the TARP funds.
Banks are now focusing and foreclosing on long time paying home owners that now, through no fault of their own, find themselves unemployed and no longer able to maintain their mortgages as they had been under normal circumstances. With very few jobs available, unemployment benefits woefully inadequate and running out, foreclosures in year 2010 will outpace 2009 by a factor of at least two and foreclosure numbers in 2009 are at record levels.
What was your question?
Sorry I was rambling as I was cleaning the elephant gun.