The residential housing market has collapsed (again) because….there are no jobs.  The White House’s big idea of a solution has not been to remove Red Barry’s boot from the private sector’s throat via repeal of Obamanomics and, say, permanently extend ALL the Bush tax cuts, but instead offer a temporary homebuyer tax credit last fall, and another one this past spring.  Neither did jack to revive the housing market, the housing market crashed (again) after each one expired, and the second one had less artificial goosing effect than the first.