Monday, January 16, 2012

Who will get the ‘Recovery Presidency’?

So Bush and his Republican henchmen trash the economy (4Q2008GDP = NEGATIVE 8.9%, with 700,000 job losses per month in his last month), Obama does a decent job turning it around, but the GOP blames him anyway, then Romney wins because a bunch of liberals and Paulistas think there's no difference between Obama and Romney, and then Romney gets credit for the recovery. Just great.--SS

Julie Schmit reports that the housing market is at, or very near, its bottom. After falling by 9 percent last year, single-family housing starts are expected to jump by 37 percent in 2012. Prices could still fall a bit, but by 2013, we should be in a real housing recovery.

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