Rush Limbaugh's Morning Update: Relax
From Rush Limbaugh: Say, folks, lost amongst all the State-Controlled Media reports celebrating the economic "recovery" is news about the real estate market; apparently nobody told unemployed homeowners that Obama's recession is over.
There's an ongoing flood of home foreclosures, up more than five percent from summer to fall. Homeowners who lost their jobs, and have no prospects of finding work in our "recovered" economy, are losing their shirts -- and losing their homes in record numbers.
So far this year, foreclosure filings are on pace to hit the 3.5 million mark, up from last year's 2.3 million -- even with some mortgage companies willing to allow unemployed homeowners to defer three to six months of payments.
In other news, banking regulators are warning anyone who will listen that we are approaching a crisis with commercial real estate loans. Nearly half a trillion dollars worth of those loans are expected to come due annually over the next several years. Many of the developers who took those loans are sitting on empty buildings because, in Obama's recovery and America, there aren't any jobs, and no jobs means nobody to put butts in office buildings.
But be of good cheer, folks, because Obama and the Democrats fixed the foreclosure problem months ago. Obama was on TV; he told everybody to go to one of his special websites and get their home loans modified, remember that? So it's not really a problem. Same with commercial loans. We're in a recovery! We saved 30,000 jobs! So go relax! Go watch some football!
Read the Background Material on the Morning Update...
• AP: Foreclosures rise 5 percent from summer to fall
• AP: Bank regulators -- Real estate loans biggest concern
There's an ongoing flood of home foreclosures, up more than five percent from summer to fall. Homeowners who lost their jobs, and have no prospects of finding work in our "recovered" economy, are losing their shirts -- and losing their homes in record numbers.
So far this year, foreclosure filings are on pace to hit the 3.5 million mark, up from last year's 2.3 million -- even with some mortgage companies willing to allow unemployed homeowners to defer three to six months of payments.
In other news, banking regulators are warning anyone who will listen that we are approaching a crisis with commercial real estate loans. Nearly half a trillion dollars worth of those loans are expected to come due annually over the next several years. Many of the developers who took those loans are sitting on empty buildings because, in Obama's recovery and America, there aren't any jobs, and no jobs means nobody to put butts in office buildings.
But be of good cheer, folks, because Obama and the Democrats fixed the foreclosure problem months ago. Obama was on TV; he told everybody to go to one of his special websites and get their home loans modified, remember that? So it's not really a problem. Same with commercial loans. We're in a recovery! We saved 30,000 jobs! So go relax! Go watch some football!
Read the Background Material on the Morning Update...
• AP: Foreclosures rise 5 percent from summer to fall
• AP: Bank regulators -- Real estate loans biggest concern
posted by Andy W. Rogers | 7:36 AM
2 Comments:
It seems to me that all the negative vibes this blowhard (Rush Hudson Limbaugh A.KA. Jeff Christie) has been spewing over these many years has come back to blow back on his face (A classic “Blow Back”). He always tries to give off the airs that he can have anything he wants but as we all witness those with more money and more influence tossed him aside like sack of potatoes and the ultimate insult was that it was done in public (money don’t buy you everything butterball).
Now of course he blames everyone else (Michael J. Fox, Perez Hilton, Al Sharpton, Jesse Jackson, Obama, Oprah Winfrey, Sonia Sotomayor, Hillary Clinton, Olympia Snowe, ESPN, NFL, the media, basically people of color, the handicapped, women and gays) when of course all you have to do is listen to his show and plainly hear his daily prejudices filled sermons. So NFL, I salute you decision, job well done. And to the whaling cry baby perched on his self made pedestal, quit your whining it was your own fault. He is reaping what he has sowed, KARMA, "palin and simple" like his followers. Don’t we all feel better?
http://www.chasingevil.org/2009/10/rush-limbaugh-in-his-own-words.html
Paul, I can tell you are letting your Rush hatred consume you. Chill out... I can tell that you've never listened to his show on any kind of consistant basis. You're letting others tell you what Rush believes & says, and I'm willing to bet they haven't heard Rush either.
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