Wednesday, February 01, 2012

AMERICA - Housing and 2012 Election

"How the Housing Market Could Shape the 2012 Election" PBS Newshour 1/31/2012

Excerpt

JEFFREY BROWN (Newshour): Florida may be known as the Sunshine State, but like much of the country, conditions remain poor when it comes to the housing market.

A national report out today, the so-called Case-Shiller index, shows U.S. home prices fell for a third straight month in major metropolitan markets, including Miami and Tampa. In Florida, home values have dropped by 40 percent or more in some areas since the housing bust. Nationwide, prices have dropped by more than a third.

And the foreclosure crisis continues, with nearly 2.7 million foreclosure filings last year. Several states have been particularly hard-hit, including California, Nevada, Arizona, and indeed the site of today's primary election, Florida.

Some voters in Tampa today said they wanted the candidates to offer more solutions to the problem.

SHARRY STEINER, Florida voter: I'm not thrilled with the reactions from them talking about it. I think they have kind of just gone past it. I really don't think they want to talk about it.



IMO if the American voter continues to put the Tea Party (aka Republican Party) in control, things WILL get worst.

No matter the revisionist-history of the party, Republicans were in full control 2000-2008 and look at what they did to our economy. Anyone who wants to continue to keep them in control is ignoring reality.

The other reality is that our present economic situation cannot be solved quickly no matter who is in control.

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