The idea that President Barack Obama is a socialist is popular among many conservatives; all of us have seen automobiles sporting the bumper sticker reading, Don’t Blame Me; I Didn’t Vote For the Socialist — obviously referring to Obama. Not so fast, says, of all people, Ron Paul (R-Texas).

According to RealtyTrac, nearly 3 million foreclosures were filed in 2009. And with almost 10 percent of all mortgages now delinquent nationally, those homeowners are faced with a painful decision: Continue to make payments even if they are underwater, or do a “strategic default.” 

unemploymentAccording to the U.S. Labor Department, the economy added 162,000 jobs in March, the most since the beginning of the worst recession since the 1930s. This was below expectations that predicted 190,000 jobs.

model houseThe Federal Reserve ended its largest intervention in the housing market on April 1, ceasing its purchase of Mortgage-Backed Securities (MBS) that began in September of 2008 in order to keep the housing market from imploding.

Voice of America on April 1 quoted U.S. Treasury Secretary Timothy Geithner’s statement that the U.S. jobless rate will be "unacceptably high" for a long time.