Nothing To Do, Nowhere To Go 0
The Republican campaign strategy continues:
Stocks slumped and Treasury securities rose as the figures, combined with a drop in new-home sales, showed the recovery was struggling to gain momentum. Bernanke said yesterday that joblessness above 9 percent and weakness in housing show the economy’s “headwinds” may be stronger than Fed policy makers initially estimated.
(snip)
Purchases of new homes dropped 2.1 percent in May to a 319,000 annual rate, figures from the Commerce Department showed today in Washington. The median price of new properties sold declined from a year earlier.
Congressional Democrats seem to have become vertebrates; they’ve called out the Republican strategy:
We’ll see how long that lasts.
Also, what Atrios said.
