Obama To Give State Of The Union Address Jan. 27
The President will address a joint session of Congress, beginning at 9 p.m. EST. 1/27/2010.
The speech will be broadcast live on national television and streamed on the White House Web site.
This will be eagerly waited by all of the economic forecasters and the public. The impact of what the President says can enhance the feeling that we are coming out of the economic recession and as a result reinforce the positive consumer confidence. This in turn leads to more spending as people are more confident about their future..this creates more jobs to create products that feed the new demand...and then the big ticket items start to see sales increase...then...homes start to sell quickly again!
The potential downside is the the President may urge too much caution and people will sit on the fence again waiting for the right time to buy. Hopefully, most people will realize that the historically low interest rates and reduced list prices on homes for sale, that now is the time to be buying real estate!
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