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This is my first post for AOL Real Estate. I am honored to be part of the new AOL.
But if this is AOL Real Estate, why then am I writing about jobs? Because employment growth is key to ending the real estate depression (yes, depression) we have all been suffering through for more than a year. The key to real estate recovery is more jobs, simple as that. And unfortunately, according to my friends who attended this week's White House Jobs Summit, we can expect little to no real help on jobs from the Obama Administration.
This White House event was a sham, a photo opp meant solely to influence public opinion without actually doing anything, according to attendees. This can be seen, for example, in the coverage by USA Today, which proudly quoted statements by the President about what had been accomplished in the sessions, yet USA Today said their interview took place two hours before the event even started.
How could Obama know in advance what would be accomplished?
According to people who were there (and spoke to me anonymously because they want to be invited back) the President reportedly made no real connection with people in the room. He knew at least half of them personally, yet addressed them in the small space reading from a teleprompter. In the private breakout sessions he breezed through, Obama said there was no federal money to help jobs, not much anyway. That's hardly what he said in his public remarks, which were much more upbeat.
Which position is the truth?
Nobody I talked to from the meeting came away with a sense of optimism, that anything of substance had been accomplished or even set in motion. They felt used.
This doesn't bode well for a real housing recovery that can be sustained after the first-time home buyer tax credits finally expire next year.
And it may seem a small point, but why did the Administration invite all these leaders to meet for six hours (it was scheduled from 11:30-5:30 and ended on-time) yet offer them no breaks and nothing to eat or drink, not even a bottle of water? Attendees are treated better than that each weekend in the Avoiding Foreclosure seminars down at the Holiday Inn. Couldn't Obama have hired a couple of caterers?
That would have been two jobs down, 10 million to go.
We have a pretender in the White House who's only objective is to get as much crap rushed thriu teh Democrat Congres, and passed without likely having been even read, before next November's mid term elections so as to make it almost impossible for the people to dig themselves out from under the deluge of debt it represents. I went from earning $97K prior to being laid off in Oct. 2008, to earning a meager $8k plus a session and a half of unemployment benefits this year, under what I consider is likely to be a real close version of what I envision Obama care to be like after the Trillions he is spending for (non) health care reform. The Congeress is secretly gutting Medicaire, reducing tax breaks (de facto tax hikes in my opinion)in the medical expense accounts that were enacted just a few years back and that seem to work. AARP is the real culprit in this scam as their insurance plans will be tnh edirect beneficiary of these changes, while increased premiums and lowered access si the expected outcome for many seniors who have foxed income levels. Add to this the captive 33 million in new insurance needers who will have to pny up premiums after the mandates go thru to the greedy insurancc companies liking their chops in anticipation of this windfall godsend. That Senators in LA, Maine, and Ark had to be bought off and thus openly bribed for this crap legislation to even see the light of day is unpardonable and will cost these three their jobs next November. Sen.s Dodd, Frank, Reid, maybe SOH Pelosi, Boxer and many more of the ringleaders who have come to the conclusion that the wishes of the people come second when it concerns party politics, can all wave goodbye because they are done. The current Obama administration will go down in history, after only single term, as one of the most decietful and disingenuous in our nations history. One day the folks saddled with all the debt the Democrats have signed off on will curse the naive youth in this country today, that were so thoroughly bamboozled by climate scares and visions of student loan modifications and free stuff coming their way, and thought it wouldn't cost them anything. Blacks, who are in thne 90 percentile of agreement with this fiscal madness, will be politically set back for generations after the utter embicility of Obama (in both domestic and foreign policy) is fully scutinized, and the total level of mismanagement and do nothing attitude its made up of, is shown to be the reckless stupidity it truly is. Their happy and smiling at this moment but the tables are about to be turned,