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Government Loses Big in Home Market

Burning Giraffe

Burning Giraffe

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USA TODAY

The nation's teetering economy has Uncle Sam playing a growing role in neighborhoods across the country — as a homeowner.

The combination of a deep recession and a foundering housing market has left the government with more than 50,000 houses on its hands — enough homes to fill a city the size of Riverside, Calif., or Miami. Now federal records show it's struggling to unload the houses and facing billions of dollars in losses.

"Everybody's in this market together," says Bill Apgar, a senior adviser to Housing Secretary Shaun Donovan. "Obviously, this is not the best time to be a home seller."

In many ways, the government's situation parallels what thousands of other homeowners are confronting: The houses it owns are harder to sell, they typically sit empty longer, and in many cases, their values cratered as the real estate market collapsed.
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Buy further tying the United States Federal Government to the US economy, we have further decreased the economic sustainability of our government. The Corporatist policies of the past set the stage for economic collapse during the Clinton and Bush years, but now we are seeing an increased centralization of power, finances, and capital as the government invests more and more of its own resources in private American industries. Instead of establishing an efficient and efficacious federal government with balanced budgets and sound economic policies, we are instead unloading onto it all the burdens of our Corporatist past. The result, will be a weaker government and a weaker economy, in the long run.
 
What is it with some of you people with your idea of a past being only 20 years ago. Twenty years is nothing, and corporations have existed for hundreds of years. Get a perspective will you?
 
The real scandle here is people buying into the notion that the private sector failed by it's own incompetance rather then being forced by the Government to make really bad decisions and encouraged to abuse the system. The very people who pushed for "afforadable housing" for poltiical gain and demanded lenders give more and more to risky clients instead of making smart financial decisions... are the same ones now pushing for these idiotic solutions to the problems THEY CREATED.


And so many people buy into the lie it was the "corperations" that caused this. No, Washington did, and now Washington is going to "fix it".

There are times one wonders as to the over all IQ of the American people.
 
More accurately, they're saying it's a "failure of capitalism" in the same way that someone driving recklessly and crashing into a tree is a "failure of the highway system."
 
Burning Giraffe said:
USA TODAY



Buy further tying the United States Federal Government to the US economy, we have further decreased the economic sustainability of our government. The Corporatist policies of the past set the stage for economic collapse during the Clinton and Bush years, but now we are seeing an increased centralization of power, finances, and capital as the government invests more and more of its own resources in private American industries. Instead of establishing an efficient and efficacious federal government with balanced budgets and sound economic policies, we are instead unloading onto it all the burdens of our Corporatist past. The result, will be a weaker government and a weaker economy, in the long run.
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Don't blame me, I didn't vote for the morons. :cool:

By the way, where are all these millions of jobs we are supposed to be seeing? Let's see, Obama promised 5,000,000 NEW jobs and since he took office we have lost 2,000,000; that means that in order to meet his campaign promise we are now at 7,000,000 jobs needed.

I wonder how many jobs will be created next month? :roll:
 
Truth Detector said:
Don't blame me, I didn't vote for the morons. :cool:

By the way, where are all these millions of jobs we are supposed to be seeing? Let's see, Obama promised 5,000,000 NEW jobs and since he took office we have lost 2,000,000; that means that in order to meet his campaign promise we are now at 7,000,000 jobs needed.

I wonder how many jobs will be created next month? :roll:
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*shrugs* Maybe people should have asked themselves HOW Obama's Marxist ideology would function in a capitalist economy, and if you punish or remove the productive principles of the economy, how will jobs be created? nah... why ask questions. Ignorance is bliss.
 
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