More Recovery Summer Results

Yikes.
From Randall Hoven.
                                   
                               

"The end of lucrative tax credits in April took their toll on housing, sending existing-home sales in July to their lowest level in more than a decade...  The number was supposed to be weak. It was just worse than anyone expected. Paul Dale, a U.S. economist for Capital Economics, called the report ‘eye-wateringly weak.'"  MSN, Aug. 24, 2010.

And today the GDP numbers come out, and while I am not a big fan of CNBC's Jim Cramer, he may be right about mass panic, when more recovery summer stats are released.

Stimulus fail.
Housing fail.
Economy fail.
Government fail.
Obama failed miserably......

And for more good news, even Obama's supporters are jumping ship......