As I sit back with a cocky smirk getting ready to say the words the left hates with a passion. “I told you so!” This is just the beginning, the first post today dealing with Obama’s wonderful economic policies that never worked, and I said would never work. Doesn’t that just piss you off Mr. and Mrs. Progressive Fool? You people must be constitutionally incapable of common sense and logic. You embrace failure and say, “it’ll be different this time,” and it never is. No wonder you’re so bitter and hate filled.
Seems to me I did mention this was going to happen a few years ago when Obama launched his failed policies. So tell me Lefty, how does it feel to be wrong all the time? I would imagine it kinda sucks.
via CNBC:
It’s official: The housing crisis that began in 2006 and has recently entered a double dip is now worse than the Great Depression.
Prices have fallen some 33 percent since the market began its collapse, greater than the 31 percent fall that began in the late 1920s and culminated in the early 1930s, according to Case-Shiller data.
The news comes as the Federal Reserve considers whether the economy has regained enough strength to stand on its own and as unemployment remains at a still-elevated 9.1 percent, throwing into question whether the recovery is real.
Throwing into question whether the recovery is real? Recovery? What recovery? How long have I been saying we aren’t in any recovery and things will get worse? Regular readers know it’s been a few years… since the invention of Obamanomics. Who’s right again? Thank me very much!
“The sharp fall in house prices in the first quarter provided further confirmation that this housing crash has been larger and faster than the one during the Great Depression,” Paul Dales, senior economist at Capital Economics in Toronto, wrote in research for clients.
According to Case-Shiller, which provides the most closely followed housing industry data, prices dropped 1.9 percent in the first quarter, a move that the firm interpreted as a clear double dip in prices.
And now for some really great news (I say sarcastically):
Moreover, Dales said prices likely have not completed their downturn.
So, ya really want another 4 years of this nonsense? Oh you do? By all means, reelect Obama.