On Sun, 16 Oct 2011 14:03:25 -0700 (PDT), Elfin Tyusis
wrote:

With approximately 2-million additional foreclosed or soon-to-be
foreclosed houses in the nation's dysfunctional housing system, it
might be a decade or more before this industry makes any sort of
comeback.

Meanwhile, how will this affect the national unemployment rate?

With the exception of the small number of construction workers who
build houses and the materials that go into them,
Unemployment affects the housing market and not the other way around.
Real estate prices are as low as they can be to attract buyers. Now
they need jobs or they can't afford the house at any price. Neither
the goverment or the president has any effect on employment. Only
employers create jobs. The US government used to be the largest
employer in the world. Due to the wishes of the people, the
government now employs a minimum of employees and will continue to
employ less not more.

If we move to China or India we can go right to work. We won't earn
much but we'll have a job.