There's been increased "talk" around the net about the President's next "gift" to help the masses and boost the economy. We should call him Santa.
About 20% or 15 million of all mortgages today are "under water". That means the borrowers owe more than the home is worth. Although the numbers are alarmingly high in Florida and Nevada, we could all have a neighbor in this situation.
Santa's new gift will cost We The People about $800 Billion. Maybe since the housing bubble bursting caused this recession, we could have better directed the first stimulus plan?
'til later
Tuesday, August 10, 2010
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