Awhile back I read a comment on a diary calling the pushers of the 'Green Shoots' myth contemptible.
It's easy to agree with that commenter.
Notice how the publicly trumpeted attempt to keep homeowners in their homes was really designed to fail to work. Read this from the Huffington Post.
To top Kuttner's article, I've read articles and watched TV segments of banks blaming 'disorganization' for stalling people who were current on their mortgages but 'in trouble' until they were late on their mortgages and thus now beyond 'help'.
So far everything coming out of Washington,DC has been pretty contemptible. And the DC Dipshits have no reason to expect to have a pumped up electorate to keep them in office next year.
RMD