Worst July in decades for housing sales and the Obama folks "saw it coming." Things are going as planned - is that the conclusion?

July Existing-Home Sales Fall as Expected but Prices Rise — Existing-home sales were sharply lower in July following expiration of the home buyer tax credit but home prices continued to gain, according to the National Association of Realtors®. — Existing-home sales1 . . . . .

Editor's notes: now, they are really getting disparate. These Bama Economists actually forecasted the worst July in housing modern day history. Is that what these Desperadoes are trying to tell us? Take a look at this chart. See that bar on the far right - the little tiny bar on the far end ?? Well, that is the July housing sales - down a scary 27% and the genius's who are running the economy (into the ground) are telling us, "Oh yes, we saw this coming. It was EXPECTED. "

Point of post: just to let you know that the Obama economic strategy is apparently working as planned. As Rush says, "We are all so screwed !!"
jds.