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The facts are that with unemployment rising, this foreclosure crisis will continue to spiral out of control. They go hand and hand. This is not rocket science. This is Junior High School economics 101.
Obama has not provided the relief he promised to Main Street during his campaign. From foreclosures to jobs, he has not kept his word to the American people.
As I have stated many times before, we are heading into an inevitable depression here in the US. I feel that it is planned and by design in order to flush out the current economy of all bad assets, bad actors and bring down property values to historical lows so that people are buying and selling again.
Please understand that a depression is centered around joblessness and the 25% plus people in America WILL be unemployed in the coming years are the ones who will be most impacted by a Depression. Make sure that you are not one of the 25% without a job by educating yourself on new endeavors, opportunities and maybe starting your own business.
From the San Francisco Gate:
A report released Sunday says two of five working-age Californians do not have a job, underscoring the challenges in one of the toughest job markets in decades. A new study has found that the last time employment levels among this group were this low was February 1977.
