Summer of Recovery?

Statistics are passionless little beasts, but sometimes, they hide cruel stories.

Take these statistics from the newspapers: last quarter foreclosures rose 38 percent — to 269,952 foreclosures, which is 10 times higher than the last housing bust. And existing home sales dropped 27 percent last month, the largest drop in forty years.

That’s a lot of bad news, but unless you’re trying to sell your home to avoid a foreclosure, you may just read these statistics in the newspapers and yawn. But there is a terrible story unfolding behind these dry, stale numbers. The biggest investment most of our families ever make is our home.

Owning a home has been the bedrock of American Middle Class economic security. And today, that security is vanishing in front of our eyes. The consequence of a 27 percent ‘drop in sales’ means your home, which you’ve worked and struggled 30 years to pay for, is suddenly worth a lot less. And that is the price middle class Americans are paying for President Obama’s failed ‘Stimulus Plans’ and trillion-dollar deficits.

And it’s one reason Obama’s heralded ‘Summer of Recovery’ has become a ‘Summer of Disaster’ for the middle class.

Politicians like my opponent, Bob Etheridge, vote for Obama-nomics and boast they’re for ‘jobs, jobs, jobs,’ but the story these statistics tell is that Obama’s state-run economics has turned out to be a yoke around the neck of middle class Americans.

And there’s one other story: it’s time to change Washington.