Wednesday, November 28, 2007

Home sales drop for eighth straight month

Sales volume off 1.2 percent from a year ago; more notably, average price is down 5.1 percent.

Again, that’s pretty much the sound of silence you hear from presidential candidates discussing the economy.

I think I have yet to hear a candidate from either party mention the “r” word. Short of a recession, most of the reforms in the housing industry that Democrats are talking about don’t get to more root issues, such as an economy hugely dependent on spending by consumers already stretched to the limit.

Well and good for Hillary Clinton to be decried over NAFTA and WTO support, but what do other candidates propose today to address root causes?