U.S. foreclosure filings increased 53 percent in June from a year earlier and bank seizures rose the most on record as deteriorating property values and higher rates on adjustable mortgages forced more people to give up their homes.Scary huh, well that's the purpose, scary headline, much less scary FACTS. Second paragraph, notice how it doesn't seem to match the headline ... one in 501 homes are being foreclosed, that's 0.2% if you can do math, which may not be the case if you recently graduated from government schools.
More than 252,000 properties, or one in 501 U.S. households, entered a stage of the foreclosure process, RealtyTrac Inc., a seller of default data, said today in a statement.
Most don't read past the first paragraph, the propagandist count on that as well.
FACTS -- 0.2% of homes all home loans is being foreclosed, probably loans to unqualified illegal immigrants that should have never been made, people buying up in the bubble, or made to unlucky flippers. Either way, it's surly not the crisis the headline portends.
The issue is one of how propaganda works -- To be effective, you need to divert attention from the real problem, crippling energy costs, to as many fictitious problems as you can dredge up. Even more so, because the real problem, crippling energy costs, is first caused by your Democrat party, and the fix is also blocked by your Democrat party -- It's easy to understand once you figure out the drive-by media is nothing more than the propaganda arm of the DNC.
The real issue with America's soft economy is ENERGY COSTS. The Democrat party has worked for 30 years, using their partners in the environmental Marxist groups, to constraint and constrict energy supplies. No drilling, no refineries, no nuclear power, what did you think would happen to America's growing economy?
Did you know that environmental law suits can only be brought by these environmental Marxist groups, like Friends of the Earth, who were given standing to sue by statue by the Democrats in Congress back in the 70s? Yes that's right, using "standing" the law suits can go forward against any company or land owner the environmental Marxists want, and you can't sue them. Most of these groups are nothing more than front groups for lawyers and tax free fundraising enterprises. How cool a scam is that?
Bay can no longer supply the quantity of You want to fix the economy, fix energy supplies, and I don't mean build windmills. The Alaska pipeline now runs at less than 50% capacity because the wells at Prudhoe Bay can no longer keep it full. Originally they thought that Prudhoe Bay would yield up 10 Billion barrels of crude oil, they have now been able to pump out 15 billion barrels, but the end is in sight. They need to drill about 70 miles away, in that wasteland the Democrats have labeled ANWR, it's a wasteleand, not good for anything including animals. Building the 74 mile connector pipe is said to require about 2 years, easy build, it's flat wasteland.
The mortgage foreclosure lies are being repeated, without the qualifying FACTS, on the radio as well, the hourly news says what the Bloomberg headline above says, with basically no more information provided. It's a very dark picture painted for the uniformed.
Drill here, drill now, pay less -- get America's economy moving. Look here is the Democrat's 2008 election plan in one sentence --- "It's Bush's recession". You buying it?
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