A repository for Marcospinelli's comments and essays published at other websites.

Short Sales Sweep The Nation: Troubled Homeowners Walk Away With Less

Sunday, September 26, 2010


Those of us on the left predicted this more than 2 years ago, and described that in spite of rosy pictures painted by politicians, what was coming were waves of job losses followed by home foreclosures, causing more job losses and more home foreclosures, interspersed with businesses closing and bankruptcies and commercial real estate foreclosures, rinse and repeat, more of the same, for years.

What was needed to stop and reverse it was a massive stimulus, with money going for jobs, infrastructure projects, a 'Manhattan Project'-style effort on clean & green sustainable energy (something else that Obama talked about during the 2008 campaign that went by the wayside as soon as he got into the White House), and real healthcare reform (lowering costs while getting medical care for all, which is not at all what ObamaCare does, along with educational expansion and job training for the increased medical needs of a nation being 'Spersed with toxic chemicals by Big Corporations around the nation).  

None of it has happened.

Candidate Obama remains MIA, presumably counting his unspent political capital from the 2008, wondering how it's shrinking when he hasn't used a dime of it to fulfill his campaign promises.  
Read the Article at HuffingtonPost

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