Now you know the rest of the story
POSTED: Monday, January 27, 2014 - 1:23pm
UPDATED: Sunday, April 13, 2014 - 1:54pm
Tyler, Texas (KETK) — I found some interesting numbers Monday at RightScoop.com from writer Joe Guest.
It looks as if the mainstream media is reporting happy days are here again, financially. New Home Sales, the selling of newly built single-family homes in the US, is a small percent of the overall housing market but nonetheless it's important enough that it generates monthly and annual numbers which at times move Wall Street.
In "Obama's economy is great world" of 2013, only 428,000 new homes were sold.
How bad is it?
In "Oh my gosh the world is collapsing, save us from Bush world" in 2008, the number was 485,000.
But of course, reports in media say that 2013 numbers are "the best in five years," hiding the fact that Obama's economy is actually worse than Bush's in 2008.
The numbers are worse when you look at the 51-year history of these records. Five of the six worst years of New Home Sales, on record, took place on Obama's watch:
412K in 1982
375K in 2009
323K in 2010
306K in 2011
368K in 2012
- 428K in 2013
Indeed, things "are turning around," but after trillions in federal spending and trillions more spending by the feds, we are worse off than 2008.
That's sounds like the full story.
That's my point of view, what's yours?
You can e-mail me at firstname.lastname@example.org or Facebook me at KETK Neal Barton.
window.parent.CKEDITOR._["contentDomReadyedit-body"]( window );