Foreclosures Killing Middle Class Dreams
People in Riverside, California have stopped using electricity and other utilities because they can’t afford the skyrocketing prices. Banks are taking the homes off of the market and then not putting them into their inventory, making it tougher on the people trying to afford their mortgages. According to our guest George Hemminger, 25% of the people in Riverside are squatting in their own houses.
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2012 Republican presidential candidate Mitt Romney is in favor of more people losing their homes because he believes it will help the economy and housing market. The Young Turks host Cenk Uygur explains. Watch more Occupy coverage here: current.com www.theyoungturks.com www.youtube.com The Largest Online New Show in the World. Google+: www.gplus.to Facebook: www.facebook.com Twitter: twitter.com Support TYT for FREE: bit.ly
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49 Responses to “Foreclosures Killing Middle Class Dreams”
this happens because of the fanincial crisis
GOVERNMENT WORKERS SHOULD UNDERSTAND THAT THEY’RE NOT GOING TO CONTINUE LIVING THE HIGH LIFE FOR LONG, ‘CAUSE THE DOLLAR IS GOING DOWN…THIS WHOLE MONETARY SYSTEM IS GOING TO CRASH, & IT AIN’T COMING BACK…THESE GREEDY GOV.’T BASTARDS ARE ONLY HELPING TO PROLONG THE SUFFERING THAT”S GOING TO KEEP PROLIFERATING AS LONG AS THEY CONTINUE HELPING THE “POWERS-THAT-BE” [THEE MOST EVIL A-HOLES, WHO'VE PLANNED ALL THIS TO HAPPEN, SO THAT 90% OF THE REST OF US DIE OFF (THIS INCL. GOV.'T WORKERS)]!!!!!!
I don’t think so, that Obama is helping the homeowners.
gabrielredhead.blogspot.com/
foreclosures aint going away!!! the false american dream is OVER ROVER!!! get a grip on your wreckless spending you fat greedy pigs
People shoud consider the job loss when they buy a home. Houses in the Inland Empire (Riverside County & San Bernardino County) are still overpriced.
Wake up America! It’s time… “THE REVOLUTION HAS STARTED”
Read “Common Sense 3.1″ at ( revolution2.osixs.org )
“Spread the News”
@wc02 Fucking bullshit! George is showing what CNN/ABC/CNBC/FOX does not show. What stocks is he telling me to buy? He and all the other “conspiracy theorists” are telling you NOT to buy stocks and to BUY PHYSICAL GOLD AND SILVER!!
Take your fucking propaganda and shove it up your ass!
Keep up the great work G4T & inflation.us
@wc02 Doesn’t matter where you are, or what industry is your claim (most likely the public sector – SOCIAL SERVANT). When the domino’s come crashing by your home (and they will) you will understand. But for you, it will too late. Post collapse, it would be wise of you not to speak of your past life as it may spur something unexpected.
Solutions exist to change the world, for the better. zeitgeist movement dot com
Double Dip for homes and the stock market. The manipulation is not fooling anyone. We need to let these markets deleverage and stop playing games. The real estate market is still 50% overpriced. The stock market is at a major bubble level. All smoke and mirrors.
FREE FORECLOSURE LISTING FROM ALL OVER THE US stopmyforeclosures.info
How can we have a 1st world nation with 3rd world wages?
How can we have a 1st world nation with 3rd world wages?
How does housing values dropping affect an individual mortgage holder?
Provided you keep your job and are making your payments how do you default?
Foreclosure is bullshit. Foreclosure is bullshit. Foreclosure is bullshit.
G4T is a Scammer in my opinion. Look it up, although he has tried to cover his tracks by deleting videos, and accounts, but there are plenty of vids here on youtube showing G4T for what he is.
This is absurd. RT just can’t find normal people to interview, so they use those idiots.
IMPORTANT!!! Watch “A HOME FIT FOR ROYALTY”
I now live on a 26′ boat. It sucks but it is better than living in a jeep. I paid $3000 for the boat over a year. I pay $250 a month in rent – it is cheaper than a camper/campground. I’ve noticed an increase in my neighborhood, even “rich” people are long faced like me. Americans please recognize before we’re all screwed.
Class warfare is just an empty misdirection to demagogue the poor and promote coercion.
@shrump87
Visionvictory is the same. He blocked my comments
@wc02 you only see what you want.
this man needs to shut up for the middle class huh ride all day its about time you feel what the slaves in america have been putting up with for over 400 yrs and you people expect to come here flip houses shop till you drop and sex like a horny swinging daemon huh time is up for you clean cut clean talking pin instead of the sword fake civilians of pleasure. all need to loose jobs until the last is firs and the first last. i’m tired of never succeeding in a world of middle class bailouts.
@SouthernKudzu my grandmother is being cut of social security that is owed to her and she had one of these so called government jobs working for the schools. it doesn’t matter where you work the government is going to tax you and fuck you. the money they take from you doesn’t help the economy it just disappears.
The Banks love this.
A great American who cares not just about all Americans, but all world citizens. An honest world leader who came from humble beginnings. Nobody is perfect, but Obama is the greatest option in the generation, hands down, no doubt.
THAT ROMMNEY MUST BE KILLED!
Romney is a racist see here
watch?v=RckqB2u9r3k
Huntsman 2012!!
Your donors got their bailouts that’s all that matters its ok that peoples houses were bet against like in a casino or the fraud that went on or that people do not know who owns there mortgage or that they steal from you I will never vote for you work for the banks just like Obama does except you are worse you will never get my vote I am disgusted!
R: lets prices become affordable and NOT reward $0 down-payments flippers who can’t/won’t pay their bills
versus
O) tries to reinflate the bubble, increase the cost of living; gives away a half-trillion dollars so house-gamblers can profit sooner
No fucking way would I vote for O. It’s not a “little” guy scenario – underwater homeowners are NOT a special or poor class. Reward the minority of folks (irresponsible and sometimes wealthy) who are victims of their own selfishness? FUCK THAT.
bobwatters<—People like you put everyone into neat, little categories so you don’t have to give it anymore thought. How many of those 4 millions foreclosures were due to our good-paying jobs being outsourced & replaced with low-paying temp jobs??? When I bought my house, I COULD afford the payments. Now my temp job is making it impossible. Mitt doesn’t give a shit…he’s backed by BIG BANKS. So suck it.
Support Ron Paul.
Google “Political positions of Ron Paul” look at the Wiki links or ThePoliticalGuide
Separate congress from big business influence, its time to get this economy back on track.
in some states you must register as a republican weeks ahead of time, check your state for instructions on voting: bluerepublican . org/welcome-to-blue-republican/
if you can afford it please donate at Ronpaul2012 . com or ronpaulbrochure . com
SUPPORT HIM IN THE PRIMARIES AND SPREAD THE MESSAGE
Can’t Trust Newt Gingrich!!! This Is Why!! In 1997 he was fined $300,000 by the US government for ethic violations (1). At one point, he also owed $500,000 to the jerwlery store, Tiffanys (2). Now that we know that he has profited $1.6 million from the very govermental agency he has spoken ill about, Freddie Mac (3). If he is already trying to scam money from the US taxpayers now, can you only imagine the irrefutable harm he would cause this Country if he was elected?
@909investments do research, do yourself a favor. vote ron paul. Mit wants to continue war and execute a preemptive strike on iran…. ron paul is so much more qualified and trustworthy
Mitt Romney runs for president with the eye of a venture capitalist. He sees the profit in certain positions, discards those that are no longer profitable and moves on. He was pro-choice when it did him some good, instituted a health insurance plan that he now denounces and once supported amnesty for some illegal immigrants. Richard III offered his kingdom for a horse. Romney offers his principles for some votes in Iowa.
Romney is right. The government needs to stop tinkering with things they don’t understand and can’t properly manage. He is saying he wants to see who will be paying for the refinances because most likely it will be the taxpayer. Looking forward to a change in leadership…
the problem isnt that houses are bein foreclosed on! its that so many fuckin idiots are tryin to stay in houses they cant afford and obviously never could! god there are people living in houses that haven payed in YEARS! but now they call it home so people get all mushy for them. fuckin kick em out burn em down if you have to fuck the damn bubble get back to reality!
I’m seeing every month just about terrorist attempts. From suspects overseas. Think of how many more businesses and thousands of lives would be lost if these fugitives weren’t caught before it’s too late.
Romney is all for destroying this economy and continuing to give more money to the Rich, why should this guy have the right to be our leader? No wonder the media fucking loves this phony.
I agree 100 % with Mitt Romney
I agree with Mitt Romney.
You don’t know if any of this is accurate to the intended meaning. When you listen to audio clips without the full thought, you have propaganda.
@TheMarksmenCat: All I know is that when some silly mother fucker told me I was stupid not to refiniance after my home was paid off. I still own my home. I saw the housing market I just said NO. Everybody around me refinanced, now they are gone I am still here. THERE IS NO FREE MONEY. Now my problem is should I buy there homes on pennies on their dollars? I am gonna get 2 rich on other people lost. Should I?
@hiiamrick it’s not about healthcare you moron, it’s about the housing market bubble and how to fix it, which is to let it hit the bottom, but of course since you don’t know how this works you chime with your moral bullshit. Btw if there is a cure of course they would release it you idiot it will cost higher than most treatments probably but it will still be released so learn how the free markets work dumbfuck.
@TheMarksmenCat: My clues tell the that the rich few 1 % have over 90% of the wealth. Silly dude check out pure greed at it’s best. Look around you and see all the money that people make off of the treatment of Cancer. What do you think would happen if someone were to find a one shot cure for all kinds of Cancer. They would pay that person with the cure too much money, NOT TO RELEASE IT. So they could continue to make their money. Cancer kills people so what, there is money to be made.
@hiiamrick poor idiot, can’t you see it is the government that got us into this trouble into the first place? of course you don’t kill a sick patient for the hell of it if you can cure him and that’s the solution to the housing bubble, letting it hit rock bottom is the CURE. Fucking liberal jackass in this video doesn’t have a fucking clue how the economy works.
again these stupid idiots that know nothing about fucking economics
that’s what you do in a bubble, you let it deflate before intervening you fucking prick
fucking incompetent well-intentioned liberals that dont know jack shit about economics try to spin it into a banks vs. little people issue
I hope this guy reads about economics before opening his trap and spewing his stupidities to all of the morons listening to him
@TheAparente ROMNEY’S 2012 PLAN CUTS MEDICARE–Ron Paul’s plan cuts $1 trillion the first year and it balances the budget in 3 years. The plan cuts spending – ending the costly foreign wars, and cuts foreign welfare, corporate welfare, and overgrown federal bureaucracy. These cuts are made so that those who are dependent on domestic spending programs such as Medicare aren’t endangered through a sudden change in benefits. Romney’s plan cuts Medicare, on which many elderly Americans rely.
Mitt Romney has raised 13x the amount of money as any other candidate from lobbyists than from the average joe in the country. Do the math. Do you think he’s going to do the bidding of the people or the lobbyists?! Hmm, tough question. I choose …lobbyists! Reason: Because they paid for him to support lobbyist agenda!
Ron Paul on the other hand, is on the other end of the spectrum. He’s raised his money for his campaign from the people. Remember, “By the people, for the people.” (?) Ron Paul!