Jun 19, 2009 5
Mortgage Rates Up, Foreclosures Up, Unemployment Up - Has Obama Done Anything?
Since taking over as the President of the United States, President Obama as seen average mortgage rates rise, foreclosures continue higher and the unemployment is trending towards 10% nationally. All of these statistics have seemed to skyrocket since Obama took office. There is no doubt that former President Bush has a lot to do with these scenarios, but shouldn’t we start to see some type of improvement. Not only have we NOT seen improvement, we have seen the downward trend in the economy accelerate.
We keep hearing that things are getting better but what has changed? Are their more jobs out there? Are home prices increasing? Are foreclosures slowing down? No, No, and definitely No! All the government plans to assist in these areas have yet to take effect. We have spent BILLIONS of dollars to try to make things better and it seems they aren’t helping at all. I realize that it will take time and I am going to give that to our president, but right now I am very skeptical.