“war” ongoing illegal occupation in Iraq continues to be referred to as the “number one issue” among voters. Oh, really?
Perhaps, the occupation is the number one issue gnawed at by the dog of a corporate media we are confronted with on a daily basis. It is also the top issue “debated” by politicians from both the Demo-cans and Republi-crats. Neither of these conditions elevates the occupation to the most important “kitchen table” issue for average Americans.
I say, it’s the economy.
If you can’t buy groceries or pay your bills because your dollars aren’t worth what they used to be…it’s the economy. If you can’t find a decent job, because your industry of choice has realized they can outsource their jobs to a lower priced workforce…it’s the economy. If you can’t fill your tank with gas, because the oil companies are
encouraged allowed to fleece the consumer with unjustified prices at the pump…it’s the economy. If you can’t make your mortgage payment, because your lender is raising your interest rates at the the behest of the Federal Reserve…it’s the economy.
So, how is this affecting real American’s, people like you, your mom, my cousin, our friends, their neighbors? Let’s see:
June 12 (Bloomberg) — U.S. foreclosure filings surged 90 percent in May from a year earlier as more homeowners fell behind on their monthly mortgage payments, RealtyTrac Inc. said.
There were 176,137 notices of default, scheduled auctions and bank repossessions last month, led by California, Florida and Ohio, the Irvine, California-based seller of foreclosure data said in a report today. The median price for a U.S. home slid 1.8 percent the first three months of 2007 as the housing slump entered its second year, according to the National Association of Realtors. The filings rose 19 percent from April.
A jump in foreclosures at a time of year that traditionally is the busiest for home sales means the slide in prices probably isn’t over, said James Saccacio, chief executive officer of RealtyTrac. Typically, more than half of all home sales occur in the April to June period, according to Freddie Mac, the No. 2 mortgage buyer.
“Such strong activity in the midst of the typical spring buying season could foreshadow even higher foreclosure levels later in the year,” Saccacio said in the report. That will add “to the downward pressure on home prices in many areas.”
I, for one, a ready to change the debate. I’m committed to focusing on the issues which really concern and affect all of us. Issues like the economy, jobs, health care, and education. These are some of the components of A.Citizen’s progressive ideals, which he and I and our friends at Drinking Liberally Oakland discuss on a regular basis. You are welcome to join us.