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Message Subject The United States is not facing bankruptcy, it is bankrupt.
Poster Handle Anonymous Coward
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from the comment section at the same article:

"John Crudele of the New York Post: "I also wanted to mention a funny thing that happened yesterday: The Commerce Department made a substantial downward correction to its new home sales figure for September. That original estimate was released right before the election. (Let’s see how many more economic numbers get revised downward now that the Obama administration isn’t seeking votes.)"



Read more: [link to www.americanthinker.com]
 Quoting: davvi


New home sales is about the LEAST important number. It's perverse if we're still building new houses, while a large inventory of foreclosures and likely foreclosures still exists.

It was hard for me to understand the "recovery" of new house construction just before the election. This correction should happen automatically. The price of new houses should fall to the point that it's uneconomic to build them.

Anyway, house construction employs largely illegal immigrant labor, so its benefits come at a significant cost to the rest of the economy. While commercial construction, and building things like roads, bridges and hospitals, employs Americans. Maybe that's why Obama had said in a weird speech that the rest of the economy was "fine" but that we needed to stimulate just one industry: new house construction.

Maybe, just maybe, he was pulling a fast one on his base there, getting the illegals and other sketchy sorts who are the modern frame construction industry out to vote, while actually it was just a fudged number. So now, having voted, they're free to self-deport.
 
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