No. Instead, we have December home sales down 17%, mostly because the government tax credit giveaway was set to expire November 30, so many who were gonna buy did so during November. Cash for Clunkers had a similar effect.

Expect Obama to tell us we are recovering, just like we were in May 2008, December 2008, January 2009, March 2009, April 2009, May 2009, July 2009, and August 2009. Remember those good old days of 2008, when they told us that we weren’t officially in a recession yet?

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