Americans now know that housing prices can go down and they can go down by 10, 20, 30, and in some cases, 40 or 50 percent. We know they can go down. But five years ago, we thought they could only go up.

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When regulations on the housing industry are reasonable, the cost of housing goes down. Regulatory relief is needed to make housing more affordable to more Americans.

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Housing has led our nation's economic expansion over the past few years, accounting for 16 percent of our Gross Domestic Product. New housing starts and home sales hit record levels from 2003 through 2005.

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William Baldwin

A strong economy causes an increase in the demand for housing; the increased demand for housing drives real-estate prices and rentals through the roof. And then affordable housing becomes completely inaccessible.

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We have by far the most expensive health system in the world. We spend 50 percent more per person than the next most costly nation. Americans spend more on health care than housing or food.

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As you know, in this country Anglo-Americans are about 75 to 76 percent home ownership in this country, where Hispanics, African Americans are less than 50 percent.

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African Americans make up about 13 percent of the U.S. population but comprise 32 percent of patients treated for kidney failure, giving them a kidney failure rate that is 4.2 times greater than that of white Americans.

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In 1973, America imported 30 percent of its crude oil needs. Today, that number has doubled to more than 60 percent. Gas prices are as high as they are now in part because we've had no comprehensive national energy policy for the past few decades.

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One poll shows that by 61 percent to 29 percent Americans under 40 say that Social Security needs to be fixed.

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About 60 percent of the oil consumed daily by Americans is used for transportation, and about 45 percent is used for passenger cars and light trucks.

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Lily Tomlin

Ninety eight percent of the adults in this country are decent, hardworking, honest Americans. It's the other lousy two percent that get all the publicity. But then, we elected them.

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One survey found that ten percent of Americans thought Joan of Arc was Noah's wife....

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Global fuel and consumption, however, is projected to increase by 100 to 150 percent over the next 20 years, driven largely by the rapidly growing Chinese and Indian economies; and this growth and this increase in demand will force prices even higher.

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Spam & Eggs?

Middle class are now social dregs
Using food stamps instead of cash
Give up steak for spam & eggs
Soon may forage dumpster trash

ROTMS

Huffington Post

10/22/2010

“Lillie Gonzales does whatever it takes to provide for three ravenous sons who live under her roof. She grows her own vegetables at home on Kauai, runs her own small business and like a record 42 million other Americans, she relies on food stamps.
With more than 1 in 8 Americans now on food stamps, participation in the program has jumped about 70 percent from 26 million in May 2007, while the nation's unemployment rate rose from 4.3 percent to 9.2 percent through September of this year.
'We've seen a huge increase in participation due to the economic downturn, ' said Jean Daniel, a spokeswoman for the USDA's Food and Nutrition Service. 'That's the way this program was designed.'

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We believe you will not have to pay more than the current rate structure proposes - which is, for 50 percent of the public, nothing; for another 25 percent, only a 10 percent increase; and for the remaining 25 percent, a 34 percent increase.

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However, the Administration's plan to privatize Social Security will undermine retirement security for all Americans by cutting guaranteed benefits by more than 40 percent, and risky private accounts won't make up for the loss of benefits for millions of Americans.

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Although housing sales and starts have cooled to more typical levels, the housing market remains strong and sound. Without the expansion of homeownership and the strength of our housing market, our nation would not have the economic growth we are experiencing today.

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In Washington State, the immigrant population has grown by 42 percent in the five years between 2000 and 2005 - which is an increase from 8 percent to 10.6 percent of the overall population - and the jobless rate in the state has hit a 6 year low.

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Mr. Obama plans to boost federal spending 25 percent while nearly tripling the national debt over 10 years. Americans know that this kind of spending will have economic consequences, including new taxes being imposed by the new progressives.

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According to the Gallup Poll, 24 percent of American adults exercised regularly in 1961, and 50 percent after 1968. The peak was 59 percent in 1984, dropping off to 51 percent last September.

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The increase in inequality in income is a longtime trend, but the pressure on middle- and low-income workers is going up rapidly. Especially if they live in an area where there are high housing and gas prices, like California.

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