Wednesday, June 23, 2010

Home Sales Down. Obama Surprised. I Wasn't.

Sales of new homes were down 33% from April to May. Sales of existing homes were also down. Your government said this was "unexpected."

That is because your government is stupid. The false-hope giving tax credit to first time home buyers ended in May. So all we had was a false picture of improved home sales based on government interference while the credit was in effect.

Whenever a government interferes with the unseen hand of the market, we the public suffer. Government cannot solve problems, it can only help ferment solutions.

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