Bush/McCain economics continue to hit housing

There are now 1,100,000 homes in foreclosure in the US. Even as a percentage of the overall number of home loans the number is going up. No matter what McCain's economic brain Phil Gramm tries to say for his big bank clients, these are terrible numbers that are directly tied to the banks that gambled with the futures of middle class Americans. Digging out of this hole won't be fast or easy but it will take even longer if we continue rewarding shameful, if not criminal, behavior of the banking industry. Who really believes McCain and Gramm would do anything but what the banks want?