See if you can fill in the blank for the following headline:
“Homebuilder Confidence in U.S. BLANK Fell in February”
Having trouble? Try again with the first sentence
“Confidence among U.S. homebuilders BLANK dropped in February from a more than six-year high, a sign the real-estate market will take time to accelerate.”
If you’ve been reading Instapundit for any length of time, you know exactly what the word replaced with BLANK is. And that word is “unexpectedly.”
Gee, how could anyone possibly have seen that continued high unemployment and an economy that is shrinking might negatively impact the housing market? (And of course, when the economy shrank, the shrinkage happened “unexpectedly.”)
Obama and friends keep trying and trying neo-Keynesian pump-priming and keep getting the same results: economic stagnation. While trying the same thing over and over again and expecting different results is the definition of madness, that doesn’t matter to them, since it allows them to continue the payoffs to cronies and interest groups that keep the Big Government Class in power (and rolling in taxpayer dough). Germany and Estonia performed no or minimal “stimulus” deficit spending and their economies are growing again. Obama and congressional Democrats have taken the opposite tack: Keep pouring money down the big government rathole and hope that results this year won’t be identical to the last four. My prediction: higher deficits, continued high unemployment and continued economic stagnation.
And each and every negative economic indicator the media will report as arriving “unexpectedly.”