The Staggering Cost of Foreclosed Home to us (homeowners, mortgage lenders, local governments and neighborhoods) »
Posted By altnrg 8 months, 3 weeks ago in NewsFor each one of the millions of foreclosed homes across the nation, investors have lost a total of $151,000 excluding the costs of productivity losses, federal income tax losses and the psychological costs of loss of homes and evictions.
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CHAM8 months, 3 weeks ago
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altnrg. Good Post. You might look at my comments on other posts today. I have been mentioning that $151,000 figure.
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All I did was divide the Trillions allocated for bailouts by the number of families in the United States. 93% has been allocated by Bush.
But that wasn't all I did. I also added on the Short term national debt which doesn't include the bailouts, plus I added in the long term liabilities amount of increase during the Bush Administration, and lo and behold , each family in the United States is now in hock to the tune of approximately one Million dollars. More the 95% of it is due to the Bush Administration.
Listen!! Hear those bellowing's? That's the Republican faithful screaming and hollering trying to convince that this is all Obama's fault, the liberals fault, or the devil made em do it, anything, anybody, except themselves, the Republicans fault. And many Republicans go on to say they want the Obama Administration to fail. That would mean America would fail.
The Republicans want back at the slop trough. They sucked up more financial goodies from the American people than all the previous Administrations combined in the History of the United States.
Naturally they want to blame the Democrats. But under the microscope, they and they alone, caused all this.
That's why I call for the demise of the Republican Party. They are not worthy of our trust. I will never for for a Republican candidate again.-
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b-happy8 months, 2 weeks ago
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How come the Democrat's didn't do anything about it? How come Fannie Mae was paying off Obama to push for minority home ownership that these people couldn't afford.
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I blame the Republicans too but I would be an idiot to say that the Dems. don't have any fault in this. THey were all sucking money from our pockets. Seriously, I don't remember any Democrat or Republican saying that we need to stop this careless spending and investment.
I'm going independent. Republicans and Democrats are the biggest mob in our country today. All getting rich while we suffer.
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GehlLady8 months, 2 weeks ago
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b-happy
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"I'm going independent. Republicans and Democrats are the biggest mob in our country today. All getting rich while we suffer."
If more of us don't go Independent, (as I have) this country will fail, no matter which half of the one party system holds the White House.
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