Recovery?

Tear down all these houses and start over.. Great for jobs. I'm sure we'll find enough foreigners to lend us the money.

After all, we now have a black president and they all think he's cool. Whoops! My bad! Not supposed to say that, sorry. (NOT.)

I made 20 bucks on my retirement this year. Walmart, though, gave me $400. I'm going whoring. (Heh heh)  At this rate we'll be gardening and fishing to eat.

Along with a million or so other broke dicks.

In July, Tampa officials bought the home from Bay Holdings Inc. for $28,800, roughly $110,000 less than the previous owner paid for it three years ago, and sent in the bulldozers.

The demolition marked the beginning of Tampa's new program to buy foreclosed and abandoned homes in neighborhoods hardest hit by the nationwide mortgage crisis.

Eventually, a single-family home will be built on the property.

Money to buy the properties is coming from Tampa's $13.6 million share of funds from the U.S. Department of Housing and Urban Development's $3.92 billion Neighborhood Stabilization Program, an emergency response to escalating foreclosures nationwide.

Mayor Pam Iorio's plan calls for buying about 80 foreclosed homes to fix up to be sold or torn down. An additional 30 foreclosed properties will be bought and rehabilitated as rental properties. Both of these steps are requirements of the federal program.

Sulfur Springs, North Tampa and West Tampa have been identified as target areas, based on the high rates of subprime mortgages, mortgage defaults and delinquencies.

The city plans to work with local nonprofit groups and charities to find eligible buyers. The money will not be available to homeowners currently facing foreclosure.