Housing

Today's report by Derek Kravitz at the Associated Press (also known to yours truly as the Administration's Press) covering the Census Bureau's December and full-year 2011 new-home sales release put a smiley-face on the "worst ever" year (the AP headline's term) in the category. I like the adjective used at Sweetness & Light's related blog post to describe Kravitz's crud: "unfazed." The AP…

A few readers asked me for my reaction to Derek Kravitz's December 23 report at the Associated Press on new-home sales. I thought that it was reasonably good, but felt that his leaving open in readers' minds the idea that this year's sales could conceivably top last year's was in bad form. I was too kind. Based on data available elsewhere, Kravitz should have known (and maybe did) that…

In 1984, an Associated Press writer covering the Democratic primaries wrote that "In a presidential contest dominated by concerns over the economy, inflation, and unemployment, the Democratic candidates have been loath to acknowledge the extent to which Carter administration policies contributed to those problems. Democrats have also controlled Congress for most of the past three decades, which…

Lord have mercy, these people are looking anywhere and everywhere to turn an economic improvement molehill into something that sort of looks like a mountain. Today, the headline to Derek Kravitz's report at the Associated Press ("Rise in home construction suggests a turnaround") reasonably reflected the underlying reality reported by the Census Bureau, but his first six paragraphs most…

George Will on Sunday marvelously told liberal economist Robert Reich something that many conservatives have been dying to say for years. During a fascinating Right vs. Left debate on ABC's This Week, after Reich predictably pined for higher income tax rates to solve all that ails us, Will struck back with the line of the weekend, "You are a pyromaniac in a field of strawmen" (video follows…

No wonder President Obama adopted some of the language of the Occupy movement in his class-warfare speech this week.  It's led by the likes of Alfredo Carrasquillo, a fellow "community organizer" with whom the president perhaps identifies.  Carrasquillo specializes in breaking into foreclosed homes to dole them out to people—beginning with himself—to live in. Chris Hayes gave Carrasquillo a…

For conservatives, one of the bright spots of the Occupy Wall Street protests was when millionaire investor Peter Schiff went down to Zuccotti Park with video camera and a sign reading "I Am The 1% - Let's Talk." On Tuesday, I had the pleasure of speaking with Schiff by telephone in a sweeping interview about his experience at OWS, how the financial media are doing, and ending with his rather…

Anyone who made the easy prediction that the Associated Press would fail to bring up Fannie Mae or Freddie Mac in its fawning tribute to Barney Frank after his retirement announcement yesterday was correct. Anyone making the easy prediction that the AP would lionize him as a "gay pioneer" was also spot-on. Also predictably, the wire service's Bob Salsberg and David Espo failed to mention that…

In a testy interview on Tuesday's NBC Today, fill-in co-host Savannah Guthrie avoided asking retiring Massachusetts Congressman Barney Frank about his role in the collapse of the housing market and yet the liberal Democrat still complained: "You've managed to ask all sort of negative questions.....you're four for four in managing to find a negative approach." Guthrie began the segment by…

“The first line in Barney Frank’s political epitaph,” The Weekly Standard’s Stephen Hayes predicted on Monday’s FNC Special Report upon news the longtime liberal Democratic Congressman won’t seek re-election, will “be the housing crisis.” But that isn’t what those who decide the first draft of history considered relevant. ABC, CBS and NBC didn’t mention Fannie Mae or Freddie Mac as they…

This morning, the Census Bureau told us that 25,000 new homes were sold in October, which, after seasonal adjustment, works out to an annual rate of 307,000. This was up from a seasonally adjusted and downwardly revised (from 313,000) 303,000 in September. According to the first sentence of Derek Kravitz's related report at the Associated Press, this constitutes a "hopeful sign," even though…

The European Union might completely fall apart any day now as the countries in that region implode under their massive debt. Despite this, CNN's Fareed Zakaria offered another America-hating love letter to the struggling continent Sunday actually claiming, "The American dream seems to be thriving in Europe not at home" (video follows with transcript and commentary):

If it's Saturday, I must be pointing out more simply stunning stupidity coming from the mouth of Bill Maher. Never letting me down, the host of HBO's Real Time Friday said the financial crisis was caused by "something new in politics where Wall Street was sort of betting on things to fail as opposed to for things to succeed" (video follows with transcript and commentary):

"We need to re-evaluate what is required in our lives, so that we have a sense of satisfaction.  What really counts?  One friend of mine has reduced it to this: you should get up in the morning and ask 'what do I need,' not just 'what do I want?'" -- Tom Brokaw, Morning Joe 11-1-11. "Of course, one of the reasons I bought it was to be able to get away from the frantic life I lead and to have…