Friday, 20 November 2009
How bad is the Economy under Obama?
It's so bad that the Home Builders Association of Greater Chicago Friday filed Chapter 11 bankruptcy in U.S. Bankruptcy Court in Chicago today.
Among the reasons listed:
- a 90 percent decline in building permits within the Chicagoland area
- an unprecedented credit crisis have made it impossible to support our current debt
Builders can't build because the banks won't loan money, So building permits are down, which means builders go out of business which means they drop out of the HBA membership which means HBAGC goes bankrupt.
Obama fail on housing starts and construction jobs. Obama win on saving banks.
so much for hope.
as always Mr. Obama... keep the change.
Technorati Tags: obama bailout fail housing construction chicago bankruptcy
Posted by at 5:59 PM in Obama Administration Economy
