{"id":33148,"date":"2009-08-06T01:01:01","date_gmt":"2011-05-19T02:05:18","guid":{"rendered":""},"modified":"2011-05-19T02:05:18","modified_gmt":"2011-05-19T02:05:18","slug":"cnn_stumped_by_bad_economy","status":"publish","type":"post","link":"https:\/\/www.rushlimbaugh.com\/daily\/2009\/08\/06\/cnn_stumped_by_bad_economy\/","title":{"rendered":"CNN Stumped by Bad Economy"},"content":{"rendered":"<section>\n<p>RUSH: &#8216;The percentage of US homeowners who owe more than their house is worth will nearly double to 48% in 2011 from 26% at the end of March, tending another blow to the housing market said the experts at Deutsche Bank yesterday.\u2019 The underwater aspect of this&#8230; Folks, if that\u2019s remotely accurate prediction, what recovery? What prosperity? &#8216;Unleash prosperity for everybody, not just the few.\u2019 What prosperity? Your number one asset\u2019s worthless? The guys that are talking about this on CNN, they don\u2019t understand this. They are stumped by the bad economic news and they just&#8230; They\u2019re very upset. Heidi Collins is talking this morning about business correspondent Christine Romans. Heidi Collins, the anchor said this: <\/p>\n<p><BR\/><img loading=\"lazy\" src=\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/01125115.Par.89380.ImageFile.jpg\" width=\"290\" height=\"223\" class=\"alignright\"\/>COLLINS: Is the president doing enough to protect your livelihood and, of course, your life savings. The Obama administration has said the economy is improving, but Deutsche Bank is predicting big trouble in the housing market. CNN\u2019s Christine Romans is here now to explain. How does this affect everybody? <\/line><BR\/> <\/line><BR\/>RUSH: And here\u2019s the CNN economics babe. <\/line><\/p>\n<p><BR\/>ROMANS: We know the economy but many people think the free fall is over, but this report shows you that the value of your house is still a very big question mark. This report shows the number of homes that it expects will be underwater. The number of homeowners underwater on their mortgage by the time there is a recovery. That will be almost half of all mortgage holders, Heidi, will owe more on their home than it\u2019s worth. <\/line><BR\/> <\/line><BR\/>RUSH: By the time there\u2019s a recovery? What recovery, Christine? We\u2019re in big trouble, apparently. CNN, they declared the recession over last week. But now this news is just discombobulated. The anchor, Heidi Collins, was just amazed when she heard it. She said, &#8216;So it\u2019s not getting any better?\u2019 <\/line><\/p>\n<p><BR\/>ROMANS: No, and it seems to be THE problem. The number of foreclosures, people are losing their jobs, and that feeds into the foreclosure crisis. The fact that home prices keep falling and have just now recently shown a little glimmer of stabilization, what this report suggests is that (snicker) recent sign of strength should be taken with a bit of a grain of salt, quite frankly, because we have more tough sledding in the housing market ahead. <\/line><BR\/> <\/line><BR\/>RUSH: But the recession was over last week, she said! We were rescued. Prosperity for all! <\/line><\/p>\n","protected":false},"excerpt":{"rendered":"<p>RUSH: &#8216;The percentage of US homeowners who owe more than their house is worth will nearly double to 48% in 2011 from 26% at the end of March, tending another blow to the housing market said the experts at Deutsche Bank yesterday.\u2019 The underwater aspect of this&#8230; Folks, if that\u2019s remotely accurate prediction, what recovery? [&hellip;]<\/p>\n","protected":false},"author":25,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","ngg_post_thumbnail":0},"categories":[],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CNN Stumped by Bad Economy - The Rush Limbaugh Show<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/admin.rushlimbaugh.com\/daily\/2009\/08\/06\/cnn_stumped_by_bad_economy\/\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:title\" content=\"CNN Stumped by Bad Economy - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"RUSH: &#8216;The percentage of US homeowners who owe more than their house is worth will nearly double to 48% in 2011 from 26% at the end of March, tending another blow to the housing market said the experts at Deutsche Bank yesterday.\u2019 The underwater aspect of this&#8230; Folks, if that\u2019s remotely accurate prediction, what recovery? 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