Home prices drop, consumers turn gloomier. Under the genius-in-chief and his no-Keystone cops, the economy has made a complete turn-around: it’s headed back down again. The Obama Revolution is the one water makes when it circles the drain.
This post was last modified on January 26, 2021
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Let those prices keep falling. Soon I might be able to actually afford a home.
Unless you are indipendently wealthy you would never qualify for a loan!
That is what happens when you have more product than demand. Value plummets. It works the same way with the money supply.
During the Christmas shopping season, the MSM regalled us nightly on the increase in spending, and how it was evidence of the turn around in the economy. Stories out yesterday showed that overall personal income rose 0.5% but that everyone held on to it, and DIDN"T increase their spending. They can't even keep their own stories straight.
But "Dear Leader" and the rest of his Merry Men in the MSM have declared that everything is rosy again. Instead of worrying about buying groceries and home heating oil, we need to be patriotic and buy a new house, and a new car!!!
Yea, everything is rosy. Gas prices are soaring again, food prices are continuing their climb, and Obama once again claims there is no inflation!
I guess when you don't have to pay for it, it doesn't count.
I have to laugh or cry at the opening line in the story: Home prices fell more steeply than expected in November.....
More than expected? The only thing unexpected is when the economy improves under President Send-me-your-resume.
Big day for democrats!!! Holder has solved Fast and Furious, and obutthead says as result of the stimulus we are now experiencing a very robust recovery. Overheard in a conversation, Obutt to holder, "geez, now I can take moo and her new lingerie collection away for a long awaited weekend of unbridled animal ...." EEEEEEEWWWWW only a democrat
The unemployment rate is really over 10%....but the ball washers in the LameStream are telling us that a recovery has started. We'll hear more and more about "green shoots".
Total crap.
Welcome to a fundamentally changed America, thank you president 0bama!!