Tuesday, March 29, 2011

About that "waiting for housing prices to rebound" excuse

Today’s release of the S&P/Case-Shiller (CSI) home price indices for January reported that the non-seasonally adjusted Composite-10 price index declined a notable 0.90% since December indicating that housing is continuing slump into a double-dip.

"Yeah, but it would be worse if we hadn't withheld a lot of houses from the market and let them got to pot and become criminal havens, and destroyed a lot of them, after throwing all those families onto the street, and if we hadn't given trillions of bucks to the British oligarchy. So our economic policy is working."