By Douglas V. Gibbs
Housing sales in July plunged 25.5 percent below the level of a year ago, according to the National Association of Realtors. The Commerce Department reported that July sales fell 12.4% from June and by 32.4% compared to July 2009. The annual rate of 276,000 new units sold is the lowest since 1963, when government records were first kept.
Apparently, July's numbers received no kick start from the home buyer tax credit.
Liberalism has failed.
Cash for Clunkers was a failed program, American auto sales numbers are plunging, unemployment remains high.
Liberalism has failed.
Government only moves money around. It creates nothing. Government cannot create wealth, jobs in the private industry, or business growth. The best thing government can do to allow the economy to turn around is get out of the way. Cut taxes, and eliminate regulations that stifle growth.
Government spending does not stimulate economic growth. Government spending moves money around, and keeps it from where it is really needed - in the private sector.
Free Market principles is the necessary engine for a flourishing economy.
But as liberalism fails us, and we are at risk of becoming yet another Greece, the liberal left is too stubborn to see the reality of their failure. . .
Or, this destruction of the American Economy is being done on purpose.
How else can they force our system into a Marxist system? Destroy, divide, conquer, and change. . .
-- Political Pistachio Conservative News and Commentary
Housing Market Plunged in July, Fueling Anxiety - New York Times
Liberalism is Failing - Heritage Foundation
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