When You're Gone

For a while crap can build up in your email inbox. In the e-world things do not have texture or scent. This, however, has all the indicators of stinking like shit.  From the White House

Hey all --

Owning a home is at the very heart of middle-class security. It means a lifetime of memories -- of family dinners, basketball in the driveway, cookouts in the backyard, and watching your children grow up.

Your home is also a tangible connection to your community -- a critical part of the American identity. That's why having a home you can call your own is a cornerstone of what it means to have a middle-class life.

Today, President Obama will return to Phoenix to talk about the progress we need to build on in the housing market -- higher home values and helping millions refinance -- and the opportunities still before us.

President Obama has a plan to build a more secure foundation for responsible home ownership. Check it out and forward it on so that others can get the facts, too.

It's time to help hard-working folks fulfill their dream of buying their first home. We can help responsible homeowners refinance their mortgage, and make sure middle-class families and all of those working to get into the middle class are never again on the hook to bailout certain mortgage lenders for irresponsibility and bad loans.

And that's just what President Obama outlined in Phoenix: commonsense steps that will help protect the middle class and everyone working to join it. So even as Washington gets bogged down by endless distractions and political game-playing, the President is focusing on what really matters.

But in the weeks and months ahead, we'll need your help getting the message out.

We put together a graphic that helps explain the President's plan for a more secure foundation for middle-class home ownership.

Thanks!

David Simas

I did correct what I consider to be two spelling errors, but who knows, maybe the President has intimidated the Webster's Dictionary people into creating a new word called "homeownership"  If wrong please advise in comment.  
The POTUS administration has created a situation that makes it preferable for institutions to divert cheap money into the stock markets rather than mortgage investment.  Money is cheap because the Fed has been restraining the discount rate while new money is being printed at an historically disproportionately high rate. In effect our government is inflating the dollar while under reporting price inflation.  I've never been able to time the stock market, it has bubbled up again and overdue to pop.  
Back to topic, the above suggests the everybody is going to get the opportunity to purchase a home.  Between the lines, that means poor people who cannot afford to own homes will be purchasing homes with government support, support that comes from taxes collected and money printed which undermines saving and investment by individuals.  
Besides, don't these dumb bastards remember what happened in 2007-8, cheap money flowing into the housing market, cause inflated prices, a bubble popped and millions were suddenly up side down in loans because home values reached proper equilibrium with wages.   

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