Thursday, October 21, 2010

Foreclosures hit 10,000 for the Year

On the heels of a very bad job report, The Warren Group today announced that more than 10,000 homes have been seized by foreclosure this year in Massachusetts.
Though Governor Patrick and Lieutenant Governor Murray would have you believe that Massachusetts’ economy is recovering at a rapid rate, they’d prefer you not pay attention to facts.

Here are the facts: 21,000 jobs lost in September, 10,000 foreclosures in Massachusetts this year, a $2.5 billion structural deficit going into FY12, hundreds of millions of dollars in local aid cuts and more than $1 billion in new taxes.

Anyone, other than those wearing rose colored glasses, think those facts indicate economic recovery?