Critics also say the plan inadequately addressed job losses and a distressed housing market --problems that underlie current economic weakness.
The housing market was a bubble. No question in my mind. So why don't reporters say the housing market is being corrected? When stocks fall after a bubble, it's a correction. When housing prices plummet, it's "distress".
Congressmen: Do not, under any means, artificially prop up home values. Please.
1 comment:
I agree - and I've even got one of those.
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