Thursday, November 27, 2008


Well there may be some things to be thankful for this Thanksgiving Day.

1)That John (Juan) McCain is not President.

2) That Obama seems to be taking a more centrist position in setting up his administration.

3) That things may be improving in the housing market according to a story in today's Washington Post:
Would-be mortgage borrowers have rushed to refinance their loans and even weighed plans to buy homes following the government's move this week to loosen consumer lending.
With interest rates suddenly plummeting, "the phone is ringing, the e-mails keep coming," said Jennifer Du Plessis, a mortgage adviser at Prosperity Mortgage, the lending arm of Long & Foster. "Real estate agents are hovering outside our office saying: 'I've got another client who wants to refinance.' "

Now if we can only keep Congress and whatever administration from doing something stupid like buying up "toxic assets" aka sub prime loans with good taxpayer money we may actually be seeing light at the end of the tunnel in this economic downturn. This is certainly something to be thankful for.

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