So, the tax breaks expired at the end of April, and May saw a 33% drop. So, what does that tell people who say that taxes aren't important, that taxes don't effect behavior, that taxes don't effect economic outcomes?

And what does it tell people about the state of the economy, this "economic recovery" that Ben Bernanke and TIMMY kept telling us about -- you know, the one that was "right on track"?

http://finance.yahoo.com/news/New-home-sales-plunge-33-pct-apf-171877315...

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