Behind the Smoke & Mirrors of O's Plans,...

No Jobs, No Housing, No Bull
by Robert X. Cringely

This is my first post for AOL Real Estate. I am honored to be part of the new AOL.

But if this is AOL Real Estate, why then am I writing about jobs? Because employment growth is key to ending the real estate depression (yes, depression) we have all been suffering through for more than a year. The key to real estate recovery is more jobs, simple as that. And unfortunately, according to my friends who attended this week's White House Jobs Summit, we can expect little to no real help on jobs from the Obama Administration.

This White House event was a sham, a photo opp meant solely to influence public opinion without actually doing anything, according to attendees. This can be seen, for example, in the coverage by USA Today, which proudly quoted statements by the President about what had been accomplished in the sessions, yet USA Today said their interview took place two hours before the event even started.


Read on, folks,..it gets better (or worse!)