Everyone knows that the housing crisis is the Genesis of the current economic crisis we are in. Recently there has been some good news coming out with sales actually increasing in December 2008 (without any bailout or stimulus shenanigans). You may not find this news anywhere else but COMMON CENTS, as always, is on the lookout for good news.WASHINGTON (AP) — Pending U.S. home sales rebounded in December, as buyers snapped up properties at deep discounts, especially in the South and Midwest. The National Association of Realtors said Tuesday its seasonally adjusted index of pending sales for preowned homes for December rose 6.3% to 87.7 from an upwardly revised November reading of 82.5. That's better than the 82.3 reading economists expected, according to a survey by Thomson Reuters. The reading also was up 2.1% from December 2007. Red the entire story here.NEW YORK (CNNMoney.com) - The number of existing homes sold in December rose 6.5% from the previous month, according to a report released Monday, as bargain hunters took advantage of plummeting prices. The National Association of Realtors said that home sales increased to a seasonally-adjusted, annualized rate of 4.74 million units. That's up from a revised pace of 4.45 million units sold in November and more than the rate of 4.4 million units projected by a consensus of industry analysts as reported by Briefing.com. Read the story here.
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Hothouse in the White House?
A current radio commercial features a dad erupting in rage and demanding to know, “Who turned the heat up to 58??” Those of us doing our bit to conserve both oil and wallets get no empathy from Obama who apparently basks in a semi-tropical White House.
President Jimmy Carter advised us to follow his lead in the seventies during that decade’s oil crisis and wear a sweater (or two) at home. President Barack Obama has a better idea. He would rather say, “Do as I say, dammit, not as I do!”
Consider the following:
“We can’t drive our SUVs and eat as much as we want and keep our homes on 72 degrees at all times… and then just expect that other countries are going to say ‘OK.’ … That’s not leadership. That’s not going to happen.”–Obama campaigning, May 2008, and,
“President Obama was photographed in the Oval Office without his suit jacket. There was, however, a logical explanation: Mr. Obama, who hates the cold, had cranked up the thermostat. “He’s from Hawaii, O.K.?”. . . He likes it warm. You could grow orchids in there.”– Obama Senior Advisor, David Axelrod, January 2009: http://foxforum.blogs.foxnews.com/2009/01/30/milloy_obama/.
Aside from the fact orchids can thrive in temperatures ranging from 55-80 degrees F, it seems as if Barack likes it hot, hot, hot! At taxpayers’ expense and despite his admonitions to lower our thermostats.
Incidentally, Barry’s stimulus bill includes billions for electric “smart meters” which would allow power companies to rein in our profligate use of juice to allow us commoners relative comfort in our homes, as if many commoners could afford his hothouse White House temps.
One poor guy, WWII vet Marvin Schur, was recently found frozen to death in Michigan compliments of his power company’s “limiter device” which malfunctioned and killed him. (That was the same war in which Obama said his great uncle had helped liberate Auschwitz, which was a baldfaced lie, unless he was a Russkie back then: http://newsbusters.org/blogs/noel-sheppard/2008/05/27/will-media-report-obamas-claim-his-uncle-helped-liberate-auschwitz.)
I guess we’d best get used to lies and hypocrisy. The good news? There’s a mere 206 weeks to go before Obamaland fades into oblivion. It may be a warm oblivion, but still oblivion.
(http://genelalor.com/)
Sure, I'll linky loo with you. Nice blog.
Nice to read that report about home sells are going up again (without any of Obama's stimulus pork) as we are planning on selling ours in the next few months. If only they could leave everything alone & stop mucking with it all.
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