David “Bagdhad Bob” Lereah actually tried to get some of his credibility back and says “these are not good numbers and there is no way to make them look like good numbers.” He blames sub-prime and does throw in that the pacific northwest is holding up. He looks like he’s starting to spin for a sub prime bailout.
Toward the end of the 4 min clip from cnbc they flash a graphic that says “san Diego” is one of four biggest losers. Funny, the other three did have bad weather but we didn’t.
