The AP’s
story on housing prices is 180 degrees from where it needs to
be:
The number of buyers who signed contracts to purchase homes
dropped in May to the lowest level on record, a sign the
housing recovery can’t survive without government
incentives.
No, home prices dropped to a record low because of
government incentives. The AP’s ignorance here is shocking. Let
me just reproduce the graph:
The home buyer’s tax credit expired in April, which created a
government incentive for people to shift their home purchases
ahead of schedule.
Monty.Crisco| 7.1.10 @ 3:50PM
Wow, the media carrying Obama's water. Kind of like a story about a plane that lands safely - so common as to be invisible. Now where is purpledick to post that this is why the Dodd-Frank bill is so vital and more government overregulation of the economy necessary to recovery - or some other such economic illiteracy?
SoCon| 7.1.10 @ 4:26PM
As usual, the Leftist AP is "unexpectedly" wrong.
PCC| 7.1.10 @ 7:05PM
The AP and the blog contributor are equally wrong or, equally right, if you prefer.