Newsweek's online blog posted an interesting article yesterday, Stop the Panic it's not 2008. The economy isn't as bad as you think. But higher taxes are our best hope. Interesting article. It addresses the the opposing political positions to the bush tax cuts. What do you think?
No matter what you think, their is little doubt that the current state of the national budget is beating consumer confidence into a hole. Unfortunately for housing, increased consumer confidence is absolutely crucial to a stable market.