Pretend it's a hypothetical question, so
you won't grow even more depressed.
Nothing too fancy or hard to understand here... from the Just-released Case-Shiller index, it's clear that the housing double dip is here.
The chart (below) depicts the annual returns of the U.S. National, the 10-City Composite and the 20-City Composite Home Price Indices. The S&P/Case-Shiller U.S. National Home Price Index, which covers all nine U.S. census divisions, recorded a 1.5% decline in the third quarter of 2010 over the third quarter of 2009...
One question remains: how will Pelosi, Reid and Obama blame Bush for the continued destruction of the private sector?
Or, in the case of the
whack-job lefty bloggers, how will they blame Dick Cheney?
Hat tip: Dennis.
It is rather painful to see.
ReplyDeleteThank you Democratic Party!
And yet, even today we watched Nancy Pelosi sitting at the President's table...
Until we defeat the Democratic Party, look for more of this folly.
Since the biggest dip occurs from 2006 to 2008, before the current democrat got into the White house, you might have to explain a little history to your readers to explain why the Democrats get blamed for this huge decrease in home price indices.
ReplyDelete@Phil,
ReplyDeleteNancy Pelosi took the reins of the House over in January 2007. She has added $5 trillion to the national debt since then (more than 50% increase).
The House controls the federal budget.
The Republicans haven't been wonderful, but they're not Alinksy-ites bent on destruction of America.
That would be the modern Democrat Party in action.