by John Galt
May 16, 2012 16:30 ET
While the mainstream media engages in P.L.O.P.O.O. (Putting Lipstick on Pig of Obamanomics), the reality of today’s housing numbers are still so bad, they would even embarrass Lyndon Baines Johnson; hell, maybe even Harry Truman!
The Media’s PLOPOO updates look like this:
Based on just this small sampling of headlines, the only thing that has more lipstick than the pig is Obama’s ass.
Here are the charts, they speak for themselves:
(click on thumbnails to enlarge graphs)
APR 2012 PERMITS (ALL)
APR 2012 SINGLE FAMILY PERMITS
APR 2012 HOUSING STARTS
APR 2012 HOUSING UNDER CONSTRUCTION
APR 2012 HOUSING COMPLETIONS