CHESSNOID

Now this video of Elizabeth Warren, chair of the Congressional Oversight Panel,explains the truth of why even if we are officially finished with a recession why mainstream America will still be living in the recession. She touches on the origin of the recession which is the housing bust. She recognizes that the forecast of 10-12 Million homes which includes the prime market will severely impact our economy in a negative way.

I like the fact she is not a politician trying to spin the truth. She lived in a similar situation in Texas during the 1980s with an oil bubble bust,  S&L crisis, and was trying to sell her house with 2 foreclosures on her street. That gives her a real life and not just an academic’s perspective on the economy. She also recognizes that the Obama administration and its economic advisers are Failing in their attempts to shore up this economy.

Watch the video and see an honest assessment of our general economy. Chances are you see the reality of foreclosures in your neighborhood no matter which state you live in the US.