Home sales drop in dec. biggest drop in 40 yrs.

[Dan J 277]

8000.00 bucks is just a new way to screw ppl! Gets em in, but a layoff will ** them! The second Obama CRASH will be coming soon!

I didn't know there was a first one, or is this some of the classic revisionist history to blame everything on someone else?

[alienlovechild 75]

I didn't know there was a first one, or is this some of the classic revisionist history to blame everything on someone else?

It's called a "double-dip" recession after a stock market rally and talk of "green shoots" of future growth in the economy.

[Dan J 277]

It's called a "double-dip" recession after a stock market rally and talk of "green shoots" of future growth in the economy.

You missed it. How can there be a second Obama crash, when there wasn't a first one.

[Gary and Alla 3,694]

Another problem fixed by Obama. 20% unemployment among men, lowest home sales in 40 years, Gitmo still open, MORE troops at war, No health care on the horizon...OMG

Please...HOPE for change. Will he resign soon? NO, please, let Biden resign FIRST...NO, first Hillary, then Biden, then Obama...NO, first Pelosi, then Hillary, then Biden then Obama! Phew.

[Danno 1,228]

Another problem fixed by Obama. 20% unemployment among men, lowest home sales in 40 years, Gitmo still open, MORE troops at war, No health care on the horizon...OMG

Please...HOPE for change. Will he resign soon? NO, please, let Biden resign FIRST...NO, first Hillary, then Biden, then Obama...NO, first Pelosi, then Hillary, then Biden then Obama! Phew.

Thats an interesting thought you threw out there....... would we rather have Biden in the Presidential seat?

That's a tough one. While Biden is not as bad as Obama in some ways... on the international/ war front, I think he would be worse.

[Ali G. 37]

The median sales price was $178,300, up 1.5 percent from a year earlier and the first yearly gain since August 2007. However, some of that increase could be due to a drop-off in purchases from first-time buyers who tend to buy less expensive homes.

Wow. Just read an article that Melbourne's median went up and is well into the $530K range.

The average home price is now between $500,000 to $900,000.

[Ali G. 37]

Another problem fixed by Obama. 20% unemployment among men, lowest home sales in 40 years, Gitmo still open, MORE troops at war, No health care on the horizon...OMG

Please...HOPE for change. Will he resign soon? NO, please, let Biden resign FIRST...NO, first Hillary, then Biden, then Obama...NO, first Pelosi, then Hillary, then Biden then Obama! Phew.

Do you honestly believe that? The economy tanked under Republicans, period. Reaganomics and certain Republican economic ideals no longer apply or work in 2010. China, the absolute opposite extreme of Republican economic ideology has amassed $2,400,000,000,000 USD in cash reserves; something that no republican seems to acknowledge. Same goes with any other nation that is actually beating the US.

Will there ever be a point where repubs admit that the old ways no longer work in 2010? That countries and systems of governments you ridiculed and mocked for decades are now severely thrashing you.

[dalegg 143]

Do you honestly believe that? The economy tanked under Republicans, period. Reaganomics and certain Republican economic ideals no longer apply or work in 2010. China, the absolute opposite extreme of Republican economic ideology has amassed $2,400,000,000,000 USD in cash reserves; something that no republican seems to acknowledge. Same goes with any other nation that is actually beating the US.

Will there ever be a point where repubs admit that the old ways no longer work in 2010? That countries and systems of governments you ridiculed and mocked for decades are now severely thrashing you.

Just to be clear, it didn't tank under RepublicanS. It tanked under A Republican- the President- and DemocratS- because they controlled both houses of congress from the time before and after the recession started. While RepublicanS were in control, the economy was great.

[Ali G. 37]

Just to be clear, it didn't tank under RepublicanS. It tanked under A Republican- the President- and DemocratS- because they controlled both houses of congress from the time before and after the recession started. While RepublicanS were in control, the economy was great.

That is the problem right there. The buck does not stop with anyone. The presidential system of government conveniently allows the responsibility to be shifted back and forth between parties. One thing about the successful parliamentary system is that the buck stops with the prime minister in office, as the only way they can be elected is by their party having the majority in the senate, period. They still need 3/4 votes and so forth to pass legislation (checks and balances), which means they usually have to reach out across the isle, but it does prevent a lot of the US style stalemates. Furthermore, evidently numerous folks here erroneously assume the buck stops with the president (severe lack of civics knowledge), however, without approval from the congress, the president cannot pass squat.

My previous post was regarding ideology in spending and boosting an economy. Cutting taxes does squat in a recession. Cutting back on government investment in a nation also worsens a recession; as it did in the great depression.

Edited January 26, 2010 by Booyah