Tuesday, September 9, 2008

Change We Can Believe In?

Since the Democrats took over Congress, they have delivered the change they promised.

So what has changed since the Democrats took control of Congress in 2007?

Consumer confidence has dropped from -2 in January, 2007 to to -50 in August, 2008, the lowest in 20 months.

Gasoline prices in January, 2007 were under $2.20 per gallon then peaked at over $4.10 in the summer of 2008, retreating recently to $3.70 per gallon in August; still a 68.18% increase.

Unemployment stood at 4.7% in March of 2007. In September, 2008, the Associated Press reflected America's frustration by reporting, “The nation’s unemployment rate bolted above the psychologically important 6 percent level last month for the first time in five years.”

Home values have dropped. The National Association of Realtors reports in its Median Sales Price of Existing Single-Family Homes for Metropolitan Areas that the average home valued at $221,000.00 in 2006. In 2008 home values dropped to $196,100.00 before recovering some ground to $206,500.00, a 7.02% in drop in what has historically been a safe investment. [source] Bloomberg reported that "Home prices in 20 cities dropped 15.3 percent in April from a year earlier," in June of this year.

Even the World Socialist acknowledged that "Nearly 1.3 million homes—or more than one percent of all US households—were in some phase of foreclosure in 2007." The the paper stopped short of blaming the Democrats' socialist agenda.

RealtyTrac, the Real Estate online-marketer, added that the number of homes receiving default notices, auction sale notices and bank repossessions rose by 75 percent. By the end of 2007 foreclosure filings reaching 215,749, up 97 percent from December, 2006.

Obama says we need more change.

What do you say?

1 comment:

Jonathan Thomas said...

What you fail to understand is that the Dems don't have a veto proof majority. Bush vetoes everything he doesn't agree with so they can't get anything done. The problems with our economy go back further than the last two years. It's been a long time coming. Republican deregulation and corporate greed are to blame for what's going on.

Nice try, but I'm not believing your lies and faulty logic. Neither is the rest of America, thankfully.