New Democrat Position on Economy

Apparently Dems have a new reason that the economy is horrible - just look at the housing market. I was waiting for this one and I've already heard it twice this morning, once from Frank Pallone (D-NJ). The housing market is terrible because prices are declining and therefore it's bad for the average consumer.

Hmm...I have to laugh at this. We just had the greatest housing boom of my lifetime, where prices doubled in 4-5 years and ownership has been at all-time highs. You know they're reaching on this one, but still the media believes it.