here is another sobering statistic:
americans lost 1.3 trillion dollars of wealth in the first quarter of this year.
Household Wealth in U.S. Decreased by $1.3 Trillion (Update1) - Bloomberg.com
as housing prices continue to fall, we have this little gem out of washington:
http://www.bloomberg.com/apps/news?p...d=aI3l8W6tflrg
i guess if an 8,000 housing credit does not work, make it 15,000 dollars. the problem with these proposals is that they create a temporary boon, effectively raising the value by 15,000, but only short term until the credit is over. you have to address the underlying problem, which is the loss of jobs and manufacturing in this country!