Saturday, June 26, 2010

And they tell us the housing situation is improving...

image
graph from americanthinker

And May’s new home sales plunged to 300,000, the lowest level in four decades. Why?
1. Homebuyer credit has been in the running for Washington’s worst tax policy idea. 
2. Homebuyer credit fraud where ripping off federal taxpayers appears to be about as common as shuffleboard.