I liked Obama better when he was putting his foot in his mouth in January and February. Now, to try to counter that, he is telling outrageous lies that are causing foolish investors to but into the market thinking that the recession is almost over. Take todays references to the 22% rise in housing starts. Once that was announced and ballyhooed, the market took off. I keep on telling you guys that there are no data to indicate that the degree of the fall in the economy is abating. In fact, it appears to be getting worse. I warn people that the DOW might see numbers below 4000 in just a few months. I feel sorry for those who are buying in on this suckers rally spured by the Obama administration. Here is the truth from a news article on the "rise in housing starts." "But despite February's gain, housing starts are down 47% from a year ago, and are down 74% from the peak in early 2006. Permits are down 44% in the past year." ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Here are some numbers to look over. The norm is about 1.1 MILLION housing starts every month. In 2007, we were seeing reports of 1,300,000 housing starts in October or thereabouts. Well, the economy started to fall and here are the numbers for mid 2008 to the present. Housing Starts: June 1,066,000 July 965,000 Aug 895,000 Sep 828,000 Oct 791,000 Nov 625,000 Feb 583,000 The overall trend is strongly down. A momentary blip from one month to another is insignificant, especially when the degree of accuracy is plus or minus 14% which is the case in housing starts.