Skip to main content

View Diary: Jobless rate hits 8.2%. 'Missing workers' make the situation look better than it is (349 comments)

Comment Preferences

  •  The answer is construction and mortgages (2+ / 0-)
    Recommended by:
    Medium Head Boy, antirove

    Housing values are still going down and a tremendous number of homes are under water.  This means that there is no activity in that sector and certainly no new housing being built.  So construction jobs were down by 26,000.  

    The best thing the president can do is fire the jerk who heads the agency overseeing Freddie and Fannie, and put someone in there who will write down the federally held mortgages.  No legislation needed.  The current guy refuses to do this.  If people feel they can sell their homes without still owing money, transactions will increase, people will feel a little "wealthier," they'll start spending some money and the cycle will pick up.  Maybe they'll even start building some new houses too.

    And it's not too late to do this for the November election.

Subscribe or Donate to support Daily Kos.

  • Recommended (145)
  • Community (55)
  • Baltimore (38)
  • Civil Rights (36)
  • Bernie Sanders (32)
  • Economy (28)
  • Culture (28)
  • Elections (28)
  • Law (24)
  • Texas (23)
  • 2016 (20)
  • Environment (19)
  • Labor (19)
  • Rescued (19)
  • Hillary Clinton (18)
  • Education (18)
  • Media (16)
  • Racism (16)
  • Politics (16)
  • Barack Obama (16)
  • Click here for the mobile view of the site