Epic fail. That describes the Obama presidency. Along with total disaster. His approval rating is worse than Jimmy Carter’s, he added 5 plus trillion dollars to the debt, trillion and a half budget deficits every year in office, lost our AAA credit rating, unemployment at 9% (actually the real number is 12%, and it would be counted as 12% under the old system which was in place as recently as 20 years ago), and now another new record low. New home sales.

WASHINGTON (AP) — Americans bought slightly more new homes in November, but 2011 will likely end up as the worst year for sales in history.

The Commerce Department says new-home sales rose 1.6 percent last month to a seasonally adjusted annual rate of 315,000. That’s less than half the 700,000 new homes that economists say should be sold to sustain a healthy housing market.

It’s also below the 323,000 homes sold last year – the worst year for sales on records dating back to 1963….

New homes account for less than 10 percent of the housing market. But they have a big impact on the economy. Each new home built creates roughly three jobs for a year and generates about $90,000 in taxes, according to the National Association of Home Builders.

Economists note that housing is a long way from fully recovering and that many people are opting to rent because they can’t afford to buy or don’t feel a home is a wise investment right now.

Four more years? No, I don’t think so. This experiment in socialism has ended the way it always ends. In complete failure.