Obama Warns Against Re-inflating Housing Bubble

In his latest speech on the U.S. economy, President Barack Obama has outlined steps he says need to be taken to strengthen the U.S. housing market. 

The president flew to Phoenix, which was among American cities that suffered the most from the housing market collapse of 2009, to deliver his latest speech on the economy and his proposals to help extend recovery and help the middle class.

At the beginning of his presidency,  Obama made a speech in Phoenix focusing on the bursting of …

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