Home Sales Jump 10.1 Percent in October

Desperation sets in as people scramble for the $8000.00 freebie from the feds for buying a home in uncertain times. This is a nightmare not a dream. It is estimated that foreclosures this winter will outrun all purchases made under the government give away of billions more in tax payer dollars. Tea anyone?

The Obama government spent BILLIONS on cash for clunkers to proclaim GDP was up. The Obama government spent billions more on first time home buyer tax credits to proclaim GDP was up. What were the biggest movers for the new GDP numbers................. why autos and homes.............. Obama BOUGHT favorable GDP numbers last quarter.

With such favorable propaganda available at taxpayer expense Obama EXTENDED the firt time home buyer tax credit into 2010. The new homes sales numbers, up 10% from RECORD LOWS, have 33%, thats 33% of homes sales going to first time homes buyers. Again 33% of the new home sales were BOUGHT with taxpayer money.

With 10.2% unemployment homes sales are up 10%, FROM RECORD LOWS, but 33% of that is at the expense of taxpayers first time homebuyer tax credits. Home sales are still WAY DOWN from the BUSH years.

The PRICE OF GOLD jrotced02, and oil, oil is a dollar based commodity, is WAY UP from the Bush years and is much more reflective of the WORLDS confidence in our fiscal policy, debt, economy and ...........yes...........President.