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Why the housing market is still dragging down the recovery

Posted on 10 August 2011

Very soon, supposedly, the White House will begin focusing on how to buck up the teetering economy. Infrastructure banks, trade deals, patent reform—they’re all on the rumored wish list. And now add housing.
The Wall Street Journal recently reported that the Obama administration has begun brainstorming ways to bolster the housing market, which is still weak and still bogging down the recovery. “Last year,” the Journal explains, “advisers considered several housing-policy prescriptions but rejected them in favor of letting the market sort things out.” That didn’t work out, so it’s on to Plan B……………………………………….Full Article: Source


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