It looks like the stock market isn’t the only market suffering under President Bush’s economic stewardship:
Harvard University’s Joint Center for Housing Studies painted a bleak picture of the housing downturn, pegging it as possibly being “the worst in a generation” in its “The State of the Nation’s Housing 2008” report.
The study noted that housing starts, new-home sales and existing-home sales are at all-time lows since after World War II, while price declines and mortgage defaults are the worst on record.
I’m just sayin’.