Tuesday, April 22, 2008

More good economic news

Existing home sales fall in March
By MARTIN CRUTSINGER, AP Economics Writer
Tue Apr 22, 2008
WASHINGTON - Sales of existing homes fell in March, the seventh drop in the past eight months, as the spring sales season got off to a rocky start.

Let's just keep thinking happy thoughts!
Bush: economy not in recession, in slowdown
Tue Apr 22, 2008
NEW ORLEANS (Reuters) - President George W. Bush on Tuesday said the U.S. economy was not in a recession but was experiencing a slowdown.

"We're not in a recession, we're in a slowdown," Bush said at a news conference at the end of a two-day summit with Canadian Prime Minister Stephen Harper and Mexican President Felipe Calderon.
"Don't use the 'R' word! Don't ever use the 'R' word!"

The only problem with drowning out bad news by covering your ears and singing "la-la-la, I can't hear you!" really loudly is that... well, the bad news is still there when you stop singing and uncover your ears.

We failed to implement effective counter-insurgency tactics in Iraq because Rummy decided the enemy weren't "insurgents". Up until late December, W touted the "fundamental strength" of the economy. Now he can't bring himself to say the 'R' word.

Yes, words do matter. If you can't diagnose the illness, you're unlikely to prescribe an effective treatment.

How much longer?

Stop the madness!

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