Foreclosures at an all-time high in August, and poverty rate highest since 1994

[nick1985]

U.S. Homes Lost to Foreclosure Up 25 Percent

LOS ANGELES -- Lenders took back more homes in August than in any month since the start of the U.S. mortgage crisis.

The increase in home repossessions came even as the number of properties entering the foreclosure process slowed for the seventh month in a row, foreclosure listing firm RealtyTrac Inc. said Thursday.

In all, banks repossessed 95,364 properties last month, up 3 percent from July and an increase of 25 percent from August 2009, RealtyTrac said.

August makes the ninth month in a row that the pace of homes lost to foreclosure has increased on an annual basis. The previous high was in May.

http://www.foxnews.com/us/2010/09/16/homes-lost-foreclosure-percent/



U.S. poverty rate jumps highest since 1994

WASHINGTON — The number of people living in poverty has climbed to 14.3 percent of Americans, the highest rate since 1994.

The Census Bureau said in a statement on its website that about 43.6 million people, or 1 in 7, were in poverty last year.

That's up from 39.8 million, or 13.2 percent, in 2008, in the third consecutive annual increase.

http://www.msnbc.msn.com/id/39211644/ns/us_news-life/




Summer of Recovery :thumbsup:

 

[Fingolfin269]

1 in 7 people in poverty? Wtf is considered poverty here? Food, shelter but no hdtv?

 

[Homerboy]

1 in 7 people in poverty? Wtf is considered poverty here? Food, shelter but no hdtv?

http://aspe.hhs.gov/poverty/10poverty.shtmlhttp://aspe.hhs.gov/poverty/09poverty.shtml

 

[umbrella39]

I can almost hear the America haters high fiving in the distance... in addition today they came out with American's uninsured went from 47 to over 50 million, too. That's a big problem we seldom hear about any more.

It's time to get the people who got us into this mess back into power to clean things up and get everyone employed and insured again! I am eager to hear how doing the same thing this time around will produce different results... The Summer of Short Selective Memory.

 

[EXman]

Yes we Can Yes we Can!

mmmm kool aid

Don't worry as CycloWizard and I quote says

"Only because you think your money belongs to you. Until you wrap your head around the fact that he has just as much a right to everything you make as you do"

I'll just harder to give more to the yes we can crowd.

 

[Homerboy]

Yes we Can Yes we Can!

mmmm kool aid

Don't worry as CycloWizard and I quote says

"Only because you think your money belongs to you. Until you wrap your head around the fact that he has just as much a right to everything you make as you do"

I'll just harder to give more to the yes we can crowd.

Bob the Buiulder fans?
I still can't believe nobody realized Obama stole the "Yes we can!" from Bob the Builder.

 

[GoPackGo]

I can almost hear the America haters high fiving in the distance... in addition today they came out with American's uninsured went from 47 to over 50 million, too. That's a big problem we seldom hear about any more.

It's time to get the people who got us into this mess back into power to clean things up and get everyone employed and insured again! I am eager to hear how doing the same thing this time around will produce different results... The Summer of Short Selective Memory.

Don't you know...they passed Health Care...you won't hear about it.

 

[umbrella39]

Yes we Can Yes we Can!

mmmm kool aid

Don't worry as CycloWizard and I quote says

"Only because you think your money belongs to you. Until you wrap your head around the fact that he has just as much a right to everything you make as you do"

I'll just harder to give more to the yes we can crowd.

LOL it should be interesting to see how the Tea Party kool-aid tastes any different than it did when it was called neocon kool-aid. My prediction is that it might sound and look a little different but at the end of the day it is exactly the same.

 

[BoberFett]

LOL it should be interesting to see how the Tea Party kool-aid tastes any different than it did when it was called neocon kool-aid. My prediction is that it might sound and look a little different but at the end of the day it is exactly the same.

Yep, and it's funny just how much the Tea Party koolaid and Republican koolaid also taste just like the Democrat koolaid. It's almost like it's all coming from the same jug...

 

[spidey07]

You're doing a heck of a job Barry.

 

[zsdersw]

Summer of Recovery :thumbsup:

You never believed it was the summer of recovery, so why are you feigning that you did and are shocked to see that it isn't?

 

[Cerpin Taxt]

You're doing a heck of a job Barry.

Do you think Barack Obama's policies have caused these circumstances, have merely failed to alleviate them, or have perhaps exacerbated them even if not being their root cause?

 

[spidey07]

Do you think Barack Obama's policies have caused these circumstances, have merely failed to alleviate them, or have perhaps exacerbated them even if not being their root cause?

I firmly believe his polices and legislation is making any recovery extremely difficult. Businesses are very concerned about these policies and the uncertainty of his words and actions. People as well. Both business and consumers are holding onto their money. So over all he's made it much, much worse.

 

[CycloWizard]

Yes we Can Yes we Can!

mmmm kool aid

Don't worry as CycloWizard and I quote says

"Only because you think your money belongs to you. Until you wrap your head around the fact that he has just as much a right to everything you make as you do"

I'll just harder to give more to the yes we can crowd.

Really? You cut your quote half a sentence short, thereby completely changing its meaning. Now I do regret sharing any opinions with you.

 

[First]

I firmly believe his polices and legislation is making any recovery extremely difficult. Businesses are very concerned about these policies and the uncertainty of his words and actions. People as well. Both business and consumers are holding onto their money. So over all he's made it much, much worse.

He asked what was the case that can be confirmed in reality, not the thoughts in your head. Nothing substantial out there says any significant portion of businesses think like this. Not polls, not surveys.

 

[spidey07]

He asked what was the case that can be confirmed in reality, not the thoughts in your head. Nothing substantial out there says any significant portion of businesses think like this. Not polls, not surveys.

You have got to be kidding me. There have been countless stories about how business is nervous because of all the uncertainty of some of the laws passed, especially healthcare.

Throw in a marxist bad mouthing business and you're surprised at the result?

 

[IGBT]

this shouldn't surprise anyone. your obama is the least experienced man in any room he walks into. how could a retrograde lecture-er who never met a payroll or for that matter never had a real job, no executive experience. His only claim to fame is a community agitator who only believes in his own magnificence and nothing else. You guys that voted for him..when you believe in nothing you'll fall for any shuck and jive action line that sucks up to your agenda.

 

[PokerGuy]

Sure am glad we brought in hope and change to fix all this, see? It's all so much better now. Or, wait, it's not. Good thing we get a chance in november to start fixing the problem.

 

[CrackRabbit]

this shouldn't surprise anyone. your obama is the least experienced man in any room he walks into. how could a retrograde lecture-er who never met a payroll or for that matter never had a real job, no executive experience. His only claim to fame is a community agitator who only believes in his own magnificence and nothing else. You guys that voted for him..when you believe in nothing you'll fall for any shuck and jive action line that sucks up to your agenda.

When the other choice was an old fart from Arizona who changes direction every time the wind blows paired with an idiot who would of been better as a HEE-HAW cast member one could understand voting for Obama.

 

[Pens1566]

You have got to be kidding me. There have been countless stories about how business is nervous because of all the uncertainty of some of the laws passed, especially healthcare.

Throw in a marxist bad mouthing business and you're surprised at the result?

Wait, I thought he was a socialist ...

 

[First]

You have got to be kidding me. There have been countless stories about how business is nervous because of all the uncertainty of some of the laws passed, especially healthcare.

Throw in a marxist bad mouthing business and you're surprised at the result?

Links to polls, numbers, data, anything? Nope.

 

[spidey07]

Wait, I thought he was a socialist ...

Get with the times, man. He's an anticolonialist marxist statist socialist fuckstain.

 

[theeedude]

Poverty at all time hight? Time to cut services to the poor and give more tax breaks to hedge fund managers.

 

[child of wonder]

I firmly believe his polices and legislation is making any recovery extremely difficult. Businesses are very concerned about these policies and the uncertainty of his words and actions. People as well. Both business and consumers are holding onto their money. So over all he's made it much, much worse.

In the 20 months he's been in office what would have been your recommendations he do to end the worst economic slowdown since the Great Depression?

 

[spidey07]

In the 20 months he's been in office what would have been your recommendations he do to end the worst economic slowdown since the Great Depression?

Slash taxes for everybody, try to incent production, let bankruptcy do what it does best, make speeches about how American greatness and hard work will pull us through, actually listen to business leaders, surround myself with capitalists, not academics with zero experience, etc.

Basically anything and everything the exact opposite of chief fuckstain.