According to the Commerce Department sales of new homes dropped by 8.3 percent in August from July to a seasonally adjusted annual rate of 795,000 homes, the lowest level since June 2000.

With the credit problems, the sub-prime lending fiasco, loss of jobs in the construction market, plummeting value of the dollar fueled by a bailout of the largest financial institutions coupled with a seemingly reckless half point drop by the Federal Reserve which seems designed only to bolster the stock market, record crude oil prices, and a plethora of presidential candidates already bought by special interests, 2008 looks like a good year for a recession. It also looks like a good year for Democrats to win the White House. They don't fix recessions; they ride them out and then take credit, but that's just good politics.