"Analysts still expect that third-quarter earnings for companies in the S&P 500 will shrink for the first time since 2009."
http://www.philly.com/philly/business/20121018
With the current level of unemployment, the current levels of those who quit looking for jobs, and the increased in the numbers of people of government assistance, unless the government enters the housing business, like the current administration did in shoring up "electric cars," there will be additional EMPTY housing on the market that cannot be sold or rented.
Folks in the housing business, single-family or multi-family, having to keep "starting" jobs to cover their obligations left over from the last jobs. It's "borrowing from Peter to pay Paul." As a consequence the "starters" are to convince a lender to provide interim financing to cover overhead, some, if not most, of which had been created by failing to pay the bills from the last jobs that were "finished" ... The builders are living out of their interim financing. Ultimately those "new" units have to be completed and sold out of their inventory. It's a bubble, that bursts, when the balloon at the end comes due.
We haven't even gotten close to the end of the foreclosures that are not even on the market yet.
Obaminable followers are grasping at straws.
He's lost the economic argument... the polls are running 60% Romney and 30% Obaminable from LIKELY voters for handling the economy.
Foreign policy ... ala Libya is coming up like a freight train. He knows it.