For two years I've blogged that the economy wasn't going to be able to recover because the housing problem that started this mess wasn't fixed by Democrats' "bailouts" and "fixes". Check it out:
http://www.msnbc.msn.com/id/43222187/
I've said all along that those properties purchased with unaffordable mortgages were still out there AND that a second (and possibly worse) hit was coming when Democrats' economic bandaids wore off. They didn't cure the underlying disease. Those unaffordable mortgages were NEVER magically eliminated; they're just not as visible because banks and other lenders partitioned them off by 'clever' accounting/investing in a way that those mortgages no longer 'look' bad on their bottom line. What Democrats did may have helped people get by with unaffordable mortgages for a while but it didn't fix the underlying problem.
Don't you even wonder whether these people in DC have a clue about anything?
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