By Not Challenging the Tea Party, the White House Makes It Stronger

http://smirkingchimp.com/thread/rj-eskow/36829/by-not-challenging-the-tea-party-the-white-house-makes-it-stronger

There's reason to believe that the White House held back on helping struggling homeowners because it was afraid of a Tea Party backlash. That was exactly the wrong response, politically as well as economically. Bolder and more effective action would have weakened the anxiety and frustration driving that movement. By fearing the Tea Party, the Administration has only made it stronger.

Home Alone

There have been more than three million foreclosures since 2008, a figure that may soon reach six million. Real estate has lost nearly $7 trillion in value since 2006. Homeowners owe their banks nearly $1 trillion for real estate value that no longer exists. More than 16 million homes, or 28% of all those with mortgages, are underwater.

And home values keep on falling. As real estate analysis group Case Shiller reports, "National home prices hit a new low" in the first quarter of this year. Housing values are now down to their 2002 levels, which is probably bad news for anyone who's bought their home in the last nine years.

A well-organized relief program for these homeowners could generate billions of dollars in consumer spending - spending that's desperately needed to create jobs and economic growth. It would also slow down the plunge in real estate values that's holding down wages, aggravating the unemployment crisis, and destroying communities across the country.

More at the link --

unbelievably stupid article.

the "Tea/publicans on..."fill in the blank...".