My latest from BlownMortgage (with charts and facts and everything!):
Popular opinion has it that Barack Obama won because he took some red states away from John McCain. Nonsense. Obama won all the red states. And McCain won all the black states. But this has nothing to do with that stupid red state/blue state dichotomy. This is about the much more tangible difference between red (ink) states vs. black (ink) states.
As this chart from the Wall Street Journal shows, Obama carried 18 of the 20 states where housing prices have dipped into the red – according to the Office of Federal Housing Enterprise Oversight house price index for the second quarter. Those two that went for McCain? Arizona and Alaska – which makes their anomalous standing understandable.