Tag Archives: housing

Obama’s Housing Clunker Crashes

Right on schedule as the Housing Clunker tax credit expires, we learn that new home sales have plummeted to a record low. New home sales declined 32.7% to a seasonally adjusted annual rate of 300,000 last month, down from an downwardly revised 446,000 in April, the Commerce Department reported Wednesday. Sales year-over-year fell 18.3%. This [...]
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Obama’s Housing Clunker

Joy Tiz ©2010  The antiquated media would have you believe that an increase in home sales in April is a signal that the Obama economy is in recovery.  Not only are they wrong;  the worst hasn’t even hit yet.  The recent uptick in sales was caused not by a better economy, but by the homebuyers’ tax credit which  [...]
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Obama Goes Back on the Campaign Trail to Play Make Believe

After a brief time out, the president is back out campaigning for the job he already has.  Obama is tormenting residents of Allentown, Pennsylvania with outlandish fabrications about the economy.  His warped analysis of the housing crisis is especially duplicitous.  Obama dilligently avoids mention of the roles played by ACORN, Fannie and Freddie under the splendid oversight [...]
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