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Economy: Housing Crisis & Utility Price Hike. How will it affect you?

June 16, 2008 -- Posted by Catherine Morgan

It's costing American's more and more money just to get by these days. The dollar is down, gas prices are up, and the cost of just about everything we buy is increasing. How did we get here? What's next? When will it end?

I wish I had the answers. And I wish I could predict that all would be well very soon. Unfortunately, I cant.

How did we get here? For many people it was the housing bubble that pulled the rug out from under them. Here is an interesting clip I found on CNN today...

What Caused the Housing Bubble?



What's next? Here is more troubling economic news...

Expect to see a sharp increase in your utility bill this summer.



What is causing electricity to go up in price?



Has the housing crisis affected you or someone you know? Are you concerned that your utility bill may increase by 29%?

Here is a link to a Care2 petition

2 Comments   add a comment >>
D. H.
Wednesday June 18, 2008, 4:50 AM


The "housing bubble," like the spike in oil prices, was caused by the never-elected thief removing regulations on "day trader" stock speculators. Chicken George and his buddies are hell-bent on stealing every last million they can borrow before they skip the country one step ahead of being executed for war crimes, and China is laughing and raking it in while America burns.

The idiots who voted for the nose-picking cocaine-snorting wartime deserter are entirely to blame, and when the food and water riots start, remember that it was exactly the month after the Supreme Whores treasonously appointed the drunk liar and his dickless handler that oil company profits started setting records -- and their taxes went DOWN, while everyone making less than a million a year saw our taxes -- and costs -- go UP.

Geoffrey Cook
Tuesday June 17, 2008, 4:45 PM


I & my wife are trying to buy a house as disablied people. I is vey Hard!


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