Wednesday, June 16, 2010

Steve Kagen Wrong On Economy Again

Number are out for housing starts in the month of May. Here's what I wrote yesterday

"Lets look at housing starts in 2010. The housing report is due out Wednesday morning and expectations are

"650,000 units in May"

In January 2006 it was at 2.273 million starts. I'll take 2006." Berry Laker

Since Steve Kagen thinks today is better for the people of Wisconsin with him in office then back in 2006. Mr Kagen can you explain today's housing numbers.

Again, wall street predicted 650,000 starts. Drum roll please. From Bloomberg.

"Housing starts fell 10 percent to a 593,000 annual rate last month, the lowest level this year, from a revised 659,000 pace in April that was less than previously estimated, Commerce Department figures showed today in Washington. Building permits, a sign of future construction, unexpectedly declined to a one- year low. Single-family home starts suffered the biggest drop since 1991. " Housing Starts in U.S. Declined to 593,000 Annual Pace in May -

Thank You Steve Kagen for your policy's, your votes and your leadership.

Maybe if Kagen could think on his own and not be Pelosi's puppet, something positive could happen. Steve Kagen needs to be sent back home in November.

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