Disposable income, or the money left over after taxes, dropped 4 percent after adjusting for inflation, the biggest plunge since monthly records began in 1959.
Just keep saying to yourself over and over again, “It’s a recovery, it’s a recovery, it’s a recovery.” Then click your heels 3 times and you’ll still be in the Land of Hope and Change, where there’s no hope for change until 2016.
In June 2010 ~ David Axelrod was quoted at Politico:
"This summer will be the most active Recovery Act season yet, with thousands of highly-visible road, bridge, water and other infrastructure projects breaking ground across the country, giving the American people a first-hand look at the Recovery Act in their own backyards..."
Two years later, The Axe denied ever touting a "recovery summer" -- and shortly thereafter, his guy was re-elected.
If ever we needed ruby red slippers, it is now.
If no one minds, though, I rather prefer the original ~- "There's no place like home, there's no place like home, there's no place like home..."
FORECLOSURE SALES AND SHORT SALES
ACCOUNT FOR 43% OF U.S. RESIDENTIAL SALES
Posted by: Brian - Martin & Co Canterbury | Friday, 24 May 2013 at 12:02 PM