It didn't have to be this way but the Republican congress thought that if billions of dollars were thrown out there, somehow, someway, if government looked the other way it would all just work out and everything would be OK. Uh huh, interesting theory. We are now seeing more results that are courtesy of the past GOP, do-nothing Congress. Whether it's the tanking real estate market or the tainted food that is killing Americans, the results of GOP-preferred self regulation are in and they aren't a pretty sight.
- Bubble state foreclosures up 47%
- National existing home sales drop 8.4%, largest since 1989
