Wednesday, June 23, 2010

Stimulus Fail

The economy is a product of Obama's policies and that ain't pretty.

New-home sales plunge 33 pct with tax credits gone

"We fear that the appetite to buy a home has disappeared alongside the tax credit," Paul Dales, U.S. economist with Capital Economics," wrote in a note. "After all, unemployment remains high, job security is low and credit conditions are tight."

Gee Paul, you think?