Upcoming Foreclosures

I thought Obama said things were getting better?

The housing market is still slow, with a record number of foreclosure filings posted in July. There were more than 360,000 properties with foreclosure filings -- including default notices, scheduled auctions and bank repossessions. That's an increase of 7 percent from June, according to RealtyTrac, an online marketer of foreclosed homes. One in every 355 U.S. homes had at least one filing during July.

Public Comments

1. well he wouldn't say it is getting worse, he is trying to be optimistic i hope this helps
2. I guess you could say that it's a BOUNCY recovery!
3. Obama says a lot of things that don't come true. Edit- The bailouts speak for it self. He has done "nothing" to help this country but bring it to the ground. If I'm incorrect, please state "one" thing that he has done that has helped this country without any serious consequences.
4. It is. The economy has to pick up a little before new jobs will be created and mortgages slow down. I would like to see another moratorium on foreclosures (90 days) and more emphasis put on trying to rework some of the loans though. That would help people and the economy, not just wall street.
5. Obama, alias The "Manchurian Teleprompter" is nothing but an incompetent dweeb. He is a Marxist who wishes to control every aspect of your life.
6. Funny how the MSM will say home buyers are increasing, but fail to compare it to the number of forclusures that are happening. It's also predicted that roughly half the homeowners in this country will be under water by the end of 2010 due to the last flow of Subprime mortgage rates going up. Obama also didn't take into consideration the number of people who are forced to work part time, and also the number of people who have given up all together in trying to find work.
7. The president doesn't have much impact on the economy. He ends up being more of a figurehead and scapegoat on that front. He has a little power with laws (veto or pass) but even then the check and balance system ensures it's more of a 2 out of 3 vote. If the president vetos a law it can still be passed. That's the power of the system. It's more the people and retailers that run the economy. The housing market is slow because people can't afford to get out of their homes and into new ones. If anything many people are downsizing. Obama cannot possibly fix everything, much less in the short term he's been in office. Guess what, there is no quick fix. It's going to take time and effort from the people.
8. Obama said things were getting better for himself and the rest of his administration~~and he asked them~and they said YES ~we can
9. Hussein doesn't know what he's doing!
10. Now you have ranted in this public forum about you thoughts, but what is your question? ?