NY Times;

After a plunge lasting three years houses have become cheap enough to lure buyers. That, in turn, is generating hope that the market is beginning to recover. Eight cities showed price increases in May, up four from April. [Many] Other cities like NY, Charlotte, etc. are still flat. Since the first time since 2007, composite indices of 20 major cities were flat not down. 'We've found the bottom' said Flemming of CoreLogic. Standard and Poors, the industry standard, compiled data from Chase-Shiller reporting home sales rose last month...'All these improvements are tentative.' the report concludes. Others say [this tentative improvement] is a lull before the market falls again and that much of the market life is fueled by market speculators. Even the most enthusiastic analysts acknowledge that rising unemployment, a leap in foreclosures, and interest rate hikes could snuff out progress. However, others like Silvia, chief economist at Wells Fargo believes the recession 'is over'...

Chase-Shiller released figures Tuesday that showed May prices were down 17.1 percent compared to that of May 2008; the fourth consecutive month declining prices slowed. A step in the right direction but certainly not cause for widespread celebration. More attention has been focused on a 0.5 % percent gain in May in contrast to April's price indices in 2008 for 20 major cities...

Communities with high foreclosure rates are not showing any improvement says Chase-Shiller. All this [market] uncertainty is breeding hesitancy that seems to show up at every sale, especially at the higher end of the market, real estate agents agree.

Ok, here's the rub; Contradictory to Obama in the video, according NYT, the market may, may have reached the bottom. That's not recovery by any stretch of the imagination. Obama touts that we have lost a quarter less jobs than in 2008. What he should be saying is this is how many jobs we have created. Nonetheless, that figure puts the US at appx. 500,000 jobs still being shed every month since Obama took office in January and unemployment is up over and extra 4.5 percentage points higher than when Bush and the Republican Caucus held power across the board. National unemployment is now edging on double digits while more than 15 states are experiencing more than 12 percent unemployment, and over 25 percent in Michigan. Yet he continues to piss and whine, 'I didn't do this, I inherited this.' He's been in office 8 months and not one single tax rate has been slashed nor has one single private sector job been created.

To add insult to injury, none of the sources in the NY Times article are in agreement nor is Obama on the same page with the NY Times. It's psychological economic snake oil perfect for those who live in a utopian fantasy world of their own mind's making.

And why hasn't Obama touted how many jobs he's created and released a jobs figures report? Because the figures are anemic and embarassing for a President who's been in office for nearly a year and has yet to create any substantial private sector job figures. And what about the Congressional Budget Office? They've been awefully quiet after Obama pulled the CBO director in for a closed-door meeting.

52.7 percent of America, that is 63 million voters bought it and now every single American citizen has to deal with the consequences of the poor decision-making skills of little over half the people who voted, who, by the way, also happen to represent half of the entire US population.

Broken promises and hope don't pay the bills.