"Worse still their knuckle dragging inadequacy to the real challenges introduces the economic retardation of not just uncertain but irrational policy agenda."
That's what happens when you put a knuckle-dragging Kenyan retard in the White House: retardation.
Actually, I'm guessing that if they voted at all, it was for Ron Paul. I highly doubt that any of them voted for either of the two major party candidates.
White people driving pickup tucks with a gun rack in the rear window and a bible in the glove box can do it just as well as anyone else.
I agree with your overall assessment of the economic situation---the foreclosure rate will go back up for a while, for the reasons you mentioned---but I disagree with the implied conclusion that HD sales will suffer because lazy people who are about to be evicted (or just walk away) are not going to "invest" in 2x4's to fix up what is not, never was, never will be, theirs. Yeah, true 'ol Leroy may never be arrested for stealing a hammer but Billy Joe will pick up that house at auction, and HE will put in a few $$ before renting it out. And the more Leroy trsashed the place before he moved out, the more $$ Billy Joe will spend fixing it up.
Just as the retail auto parts companies are doing well as the auto manufacturers are collapsing, so it goes with retail "house parts" in a collapsing housing market. Fear not.