Foreclosure Connections Blog

Bush Blaming Congress On The Foreclosure Crisis? What About the War?

On Tuesday the President Bush blamed the Democratic-led Congress for not passing the foreclosure bills. According to the President, the Democratic-let Congress is blocking proposals that could help the sagging economy and the real estate crisis. The President said he is opened to help on the crisis but he is not getting Bills that he can sign.

Bush called on Congress to act more on laws that can address and help the housing issue, to make more student loans available and to help homeowners facing foreclosure, but throughout the year, The President has tried to convince the American people that the recession can be avoided. The problem is that the latest statistics are showing something different, and his attemp to convince Americans are not sounding as strong as it was at the beginning of the year. According to Rick Sharga from RealtyTrac almost 650,000 households received some sort of home foreclosures notice in the first quarter of the year, which shows that the foreclosure crisis is far from ending.

With the real estate crisis, the gas crisis, the rising prices, inflation and all economical problems faced by the United States at the present moment, is it really a good time to spend so much money on the war? When will american soldiers return?