ByronBlog

Byron Matthews, a sociologist retired from the University of Maryland Baltimore County and a partner in an educational software company, lives near Santa Fe, NM.

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Location: New Mexico, United States

Friday, May 27, 2011

Obamanomics plunges along

The US economy is in the best of hands:

Pending Home Sales Plunge, Reaching Seven-Month Low...

Pending sales of existing U.S. homes dropped far more than expected in April to touch a seven-month low, a trade group said on Friday, dealing a blow to hopes of a recovery in the housing market.

The National Association of Realtors Pending Home Sales Index dropped 11.6 percent to 81.9 in April, the lowest since September.

Economists polled by Reuters had expected pending home sales to fall 1.0 percent.


Gee, and here I always thought Spring was when more homes got sold, not fewer. Obviously I don't fully understand Obamanomics...

Today's Quiz:

Who would you rather have as president: (a) someone with everyday experience and a modicum of common sense, or (b) an arrogant, Harvard-educated political theorist with a left-wing agenda?

Which do you think would make the better president: (a) Obama, or (b) a person picked at random from the Fort Worth Business Directory?

The correct answers are (a) and (b).

Byron

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