People who say it cannot be done should not interrupt those who are doing it. Welcome to From On High.

Friday, April 20, 2012

Oh, No!

The North Koreans have warned the U.S. State Department that if we cut off food aid to their starving masses, they are going to stop sending pictures to us of that goofy-looking little fat guy who looks like he needs an enema all the time.


And be very, very afraid.

- - -

Come to think of it, the fearless leader - or whatever he 's calling himself - could stand to go a few months without U.S. food aid, the pudgy little bastard.

Headline of the Day

George Clooney Deigns To Dine With Commoners For Obama.

Quip Of The Day

Obama: 'I can’t believe Romney strapped his dog to the roof of his car. That ruins the flavor.'

When Will This End?

It's interesting - in a perverse sort of way - that it was the housing issue (i.e., the overextended subprime loan market) that precipitated the current recession, and it's the housing situation that continues to vex lo these many years later:
Existing-home sales fall 2.6% in March, adding to downward housing trend
By Ed Morrissey

Yesterday, the Census Bureau showed new-housing starts plummeting 5.8% last month from February, which stunned analysts expecting a slight uptick in the series. Today’s report from the National Association of Realtors shows that it’s not just the new-home market that tanked in March, a result which once again surprised analysts:

Sales of previously owned U.S. homes in March unexpectedly fell for the third time in the last four months, showing an uneven recovery in the housing market.

Purchases dropped 2.6 percent to a 4.48 million annual rate from 4.6 million in February, the National Association of Realtors reported today in Washington. The median forecast of economists in a Bloomberg News survey called for an increase to 4.61 million. In January, sales at a 4.63 million rate were the strongest since May 2010. [link]
Downward ... downward ... ever downward ...

And That Will Lead To This

Solve the housing crisis and this problem will go away:

Weekly jobless claims above 380K for second week

Is this the prelude to that "double-dip we've been warned about?

God, I hope not.