Obama General Discussion, vol. 4 - Page 2 - U2 Feedback

Go Back   U2 Feedback > Lypton Village > Free Your Mind > Free Your Mind Archive
Click Here to Login
 
 
Thread Tools Search this Thread Display Modes
 
Old 04-19-2012, 07:50 PM   #21
Rock n' Roll Doggie
ALL ACCESS
 
Mrs. Garrison's Avatar
 
Join Date: Nov 2006
Location: pig farming in Bolivia
Posts: 7,325
Local Time: 01:50 PM
Existing-home sales fall 2.6% in March, adding to downward housing trend Hot Air

Quote:
Existing-home sales fall 2.6% in March, adding to downward housing trend


posted at 1:36 pm on April 19, 2012 by Ed Morrissey






Yesterday, the Census Bureau showed new-housing starts plummeting 5.8% last month from February, which stunned analysts expecting a slight uptick in the series. Today’s report from the National Association of Realtors shows that it’s not just the new-home market that tanked in March, a result which once again surprised analysts (via Instapundit):


Sales of previously owned U.S. homes in March unexpectedly fell for the third time in the last four months, showing an uneven recovery in the housing market.

Purchases dropped 2.6 percent to a 4.48 million annual rate from 4.6 million in February, the National Association of Realtors reported today in Washington. The median forecast of economists in a Bloomberg News survey called for an increase to 4.61 million. In January, sales at a 4.63 million rate were the strongest since May 2010.

Ah, yes — unexpectedly. Why such a surprise? Apparently, analysts didn’t figure in the decline in job creation last month:


Residential real estate remains the economy’s soft spot, challenged by stricter lending standards, lower home values and the threat of more foreclosures. An improved labor market and mortgage rates near historic lows have yet to stoke bigger gains in demand.

The description of an “improved labor market” applied more in February than it did in March. Last month, the US only added 120,000 jobs, barely enough to keep up with population growth. Even before that, the previous three months added around 650,000 jobs in the aggregate, which means actual growth above population increase of about 300,000 jobs — which wouldn’t greatly increase demand in the housing market, but shouldn’t result in a decrease in demand. First-time buyers still only account for a third of these purchases, when the normal level is around 40%, according to Bloomberg News. That’s an indication of a lack of confidence among younger adults.

Now that the churn rate on jobs has increased, as evidenced in the rise in weekly initial jobless claims, confidence and demand will likely decline a bit. The soon-to-arrive flood of foreclosures and short sales might stoke demand for bargain hunters who have waited patiently for the settlement to take effect. That may give a false impression of demand, though, as one analyst warns:


Investors accounted for 21 percent of purchases last month, down from 23 percent in February, today’s data showed. Such figures suggest the recovery in housing isn’t broad-based, said Jay McCanless, a housing analyst with Guggenheim Securities LLC in Nashville, Tennessee.

“We’ve seen investors and cash sales continue to be anywhere from 20 percent to 33 percent of monthly sales,” McCanless said. “That may be giving the appearance that there’s more activity, more demand for housing than may actually be the case.”

Cash buyers have been a big factor in the local Twin Cities foreclosure/short sale market for the past year already. That will also likely spike upward when the pent-up foreclosures come to market, but the inventory will allow others to play in the same market, too. We may not get a clear idea of how the resale market looks for several months after the release, so new-home sales and startups might give us a better indicator to watch.
__________________

Mrs. Garrison is offline  
Old 04-19-2012, 07:52 PM   #22
Blue Crack Addict
 
deep's Avatar
 
Join Date: Apr 2002
Location: A far distance down.
Posts: 28,601
Local Time: 10:50 AM
2012 bumper stickers are out
__________________

deep is offline  
Old 04-19-2012, 08:16 PM   #23
Blue Crack Supplier
 
Irvine511's Avatar
 
Join Date: Dec 2003
Location: Washington, DC
Posts: 33,392
Local Time: 02:50 PM
Lets cut taxes for the rich, raise them on the poor, raise defense spending, and bomb Tehran.
Irvine511 is offline  
Old 04-19-2012, 08:34 PM   #24
Rock n' Roll Doggie
Band-aid
 
Join Date: Jun 2005
Location: The American Resistance
Posts: 4,754
Local Time: 12:50 PM
Quote:
Originally Posted by Irvine511 View Post
Lets cut taxes for the rich, raise them on the poor, raise defense spending, and bomb Tehran.
Let's protect women from the GOP and pass the Buffett Rule that will fund the federal government for 1 whole day each year.
INDY500 is offline  
Old 04-19-2012, 08:51 PM   #25
Rock n' Roll Doggie
Band-aid
 
Join Date: Jun 2005
Location: The American Resistance
Posts: 4,754
Local Time: 12:50 PM
Quote:
Originally Posted by Canadiens1131 View Post
Debt as a percentage of GOP (IMF, 2010 or 2011 figures)

Sweden 37 %
Denmark 46 %
Germany 81 %
Think you missed a few !!
Quote:
A low debt to GDP ratio means next to nothing. Romania, Oman, and The Republic of Congo have some of the lowest debt to GDP ratios in the world. What's your fucking point?
Good news!! Romania, Oman, and The Republic of Congo can all buy Western debt when China closes their pocketbook.

Quote:
The United States had run a relatively stable budget deficit since the great depression until your exhausted conservative President Reagen was in office, then we decided to start giving handouts to the rich.
Only if by "handout" you mean letting people keep the money they've earned.

(and it's Reagan.)
INDY500 is offline  
Old 04-19-2012, 09:25 PM   #26
Blue Crack Supplier
 
Irvine511's Avatar
 
Join Date: Dec 2003
Location: Washington, DC
Posts: 33,392
Local Time: 02:50 PM
Quote:
Originally Posted by INDY500

Let's protect women from the GOP and pass the Buffett Rule that will fund the federal government for 1 whole day each year.
Empty symbolism is one thing; clearly sated policy is something else entirely.
Irvine511 is offline  
Old 04-19-2012, 09:30 PM   #27
Blue Crack Supplier
 
Irvine511's Avatar
 
Join Date: Dec 2003
Location: Washington, DC
Posts: 33,392
Local Time: 02:50 PM
Quote:
Originally Posted by INDY500

Only if by "handout" you mean letting people keep the money they've earned.

(and it's Reagan.)


If I make more money than you ... does this mean I'm a better, more hardworking, more worthy person than you and entitled to lower taxes than in the booming 1990s even of it means that one bout with breast cancer or a car accident will bankrupt you?



Also, tell the other red states we're sick of subsidizing them.
Irvine511 is offline  
Old 04-19-2012, 09:32 PM   #28
BVS
Blue Crack Supplier
 
BVS's Avatar
 
Join Date: Aug 2002
Location: between my head and heart
Posts: 41,232
Local Time: 01:50 PM
Quote:
Originally Posted by Mrs. Garrison
Let me ask you Garrison, do you really believe this?
BVS is offline  
Old 04-19-2012, 11:04 PM   #29
Forum Moderator
 
yolland's Avatar
 
Join Date: Aug 2004
Posts: 7,471
Local Time: 07:50 PM
Quote:
Originally Posted by Mrs. Garrison View Post
How rude....Why is this tolerated i here?
It isn't, it's a personal attack. So why not report it.
__________________
yolland [at] interference.com


μελετώ αποτυγχάνειν. -- Διογένης της Σινώπης
yolland is offline  
Old 04-19-2012, 11:11 PM   #30
War Child
 
Dfit00's Avatar
 
Join Date: Oct 2009
Location: Palm Beach, FL
Posts: 897
Local Time: 02:50 PM
Quote:
Originally Posted by Irvine511 View Post
If I make more money than you ... does this mean I'm a better, more hardworking, more worthy person than you and entitled to lower taxes than in the booming 1990s even of it means that one bout with breast cancer or a car accident will bankrupt you?



Also, tell the other red states we're sick of subsidizing them.
These kind of ideologies and the overall constant discussion and tiki taka about government and politics wouldn't exist if people started to expect less from the government, especially in the forms of economic benefit.

In summary, people should not expect anything from the government, nor from anyone, including family, parents, spouses or children. Independence is very valuable throughout life, which is a misconception that the majority of people have trouble accepting.
Dfit00 is offline  
Old 04-19-2012, 11:28 PM   #31
ONE
love, blood, life
 
Canadiens1131's Avatar
 
Join Date: Aug 2004
Posts: 10,363
Local Time: 02:50 PM
Quote:
Originally Posted by the iron horse View Post
President Obama, in my opinion, has not
been a very good leader.
I agree with you 100%, despite the poisonous atmosphere in Washington.

Quote:
Originally Posted by INDY500 View Post
Only if by "handout" you mean letting people keep the money they've earned.

(and it's Reagan.)
A flat tax disproportionately affects the poor. If I make 500,000 $ a year after taxes, my household spending choices will never come down to meds for my uninsured children or a semi-decent dinner on the table 7 nights a week. Even if the government takes 75 % of my 500 K earnings, I have the basic necessities while many of my countrymen do not.

You see the situation as "letting [well off, in this context] people keep the money they've earned". I see it as the fact that we no longer live in the Gilded Age and should not have to rely on huge, sweeping acts of charity from the ultra-rich to help out the poor or infirm.
Canadiens1131 is offline  
Old 04-20-2012, 12:43 AM   #32
Blue Crack Addict
 
Moonlit_Angel's Avatar
 
Join Date: Jul 2002
Location: In a dimension known as the Twilight Zone...do de doo doo, do de doo doo...
Posts: 20,715
Local Time: 01:50 PM
So, all the conservatives bitching about Obama's lack of leadership and his inabillity to get anything done he promised-first off, whoa, a president went back on some of their campaign ideas?!?! Call the presses, we've got a real breaking news story here!

Second, and more seriously...are any of those conservatives aware that they are part of the reason WHY Obama can't get shit done? The minute he supports an idea that a Republican originally supported (see Romneycare, which turned into Obamacare), the Republicans stopped supporting it. They fillibuster like crazy. They drum up insane scare tactics-death panels! Socialist/communist overthrow! No more guns!-that for some reason work on people in this country and make them turn against ideas that are quite good and that don't have squat to do with the horrorland the Republicans have come up with. They help many bills die before they even reach Obama's desk. And so on. Yes, Obama shoulders some of the blame. He needs to get tougher. He needs to find a better strategy to outline why his ideas will be good for us. He needs to rally the Democrats (and independents) to help gain support for his ideas.

But for the Republicans to sit there and complain about a situation they've had a big hand in creating within the last four years is hilarious.

Also, Mrs Garrison, excellent rant about Afghanistan, you get no argument from me on that one. Particularly the bit about spending so much money to make their country stronger and get those people better jobs and better living conditions and such when we can't even seem to do that here in our own country.

But I think Diemen raises a good point, too. The "you break it, you bought it" strategy makes sense-if we're willing to go into other countries, patronize their citizens, disregard any way of life they seem perfectly happy with to try and enforce ours onto them, and destroy their nation and kill their people in the process...yeah, we should probably find some way to clean up that massive mess.

Quote:
The tip off should have been Barack Obama's "gaffe" (Michael Kinsley's definition of a gaffe made by a politician is when he tells us how he truly thinks by accident) back in 2008 when he derisively described people who live in small-towns as bitter people who "cling to guns or religion or antipathy to people who aren't like them."
...yeah, I've lived in those rural areas. I remember people making a big stinking outrage over that quote.

And then I remember many of those very same people turning around and proving that quote to be true. Look at how gun sales have risen since Obama became president, because of some bizarre fear that he'll take away the guns these people supposedly don't cling to. Look at how obsessive people about what religion Obama REALLY is.

There is some very strong truth to that quote. Believe me.

Quote:
Originally Posted by INDY500 View Post
Let's protect women from the GOP
Yes, please, can we?
Moonlit_Angel is offline  
Old 04-20-2012, 11:28 AM   #33
Resident Photo Buff
Forum Moderator
 
Diemen's Avatar
 
Join Date: Sep 2000
Location: Somewhere in middle America
Posts: 13,663
Local Time: 01:50 PM
Quote:
Originally Posted by Mrs. Garrison View Post
Mitt "I'm against what I just said" Romney is the last man who should be making the case that Obama lies too much, but I'd love to see him try.
Diemen is offline  
Old 04-20-2012, 01:12 PM   #34
Blue Crack Supplier
 
Irvine511's Avatar
 
Join Date: Dec 2003
Location: Washington, DC
Posts: 33,392
Local Time: 02:50 PM
Quote:
Originally Posted by Dfit00 View Post
In summary, people should not expect anything from the government, nor from anyone, including family, parents, spouses or children. Independence is very valuable throughout life, which is a misconception that the majority of people have trouble accepting.


you're right.

build your own damn roads, schools, hospitals, fire departments, police departments, pay for your medicines at cost, pay the actual price of an MRI or colonoscopy.

if you can't afford it, fuck off. is that right?
Irvine511 is offline  
Old 04-20-2012, 01:53 PM   #35
Rock n' Roll Doggie
 
BonosSaint's Avatar
 
Join Date: Aug 2004
Posts: 3,566
Local Time: 02:50 PM
[QUOTEThe tip off should have been Barack Obama's "gaffe" (Michael Kinsley's definition of a gaffe made by a politician is when he tells us how he truly thinks by accident) back in 2008 when he derisively described people who live in small-towns as bitter people who "cling to guns or religion or antipathy to people who aren't like them." ][/QUOTE]

Said during the primaries. Kind of theorizing why people might be voting for, say, Hillary instead of him if I recall correctly.

And if I recall correctly, a lot of those states that voted for Hillary in the primaries voted for Obama in the general.

Not that I am bitter.
BonosSaint is offline  
Old 04-20-2012, 06:06 PM   #36
War Child
 
Dfit00's Avatar
 
Join Date: Oct 2009
Location: Palm Beach, FL
Posts: 897
Local Time: 02:50 PM
Quote:
Originally Posted by Irvine511 View Post
you're right.

build your own damn roads, schools, hospitals, fire departments, police departments, pay for your medicines at cost, pay the actual price of an MRI or colonoscopy.

if you can't afford it, fuck off. is that right?
Who's gonna hand you the cash to you as a freebie for any of those things?

The government?

Or yourself?
Dfit00 is offline  
Old 04-20-2012, 07:32 PM   #37
BVS
Blue Crack Supplier
 
BVS's Avatar
 
Join Date: Aug 2002
Location: between my head and heart
Posts: 41,232
Local Time: 01:50 PM
You're gonna buy a highway and a police department?
BVS is offline  
Old 04-21-2012, 01:53 AM   #38
Paper Gods
Forum Administrator
 
KhanadaRhodes's Avatar
 
Join Date: Jun 2001
Location: a vampire in the limousine
Posts: 60,684
Local Time: 01:50 PM
Quote:
Originally Posted by BVS View Post
You're gonna buy a highway and a police department?
and how would it work? you build yourself a highway that only you can use. now what? i sure hope it's in a convenient spot for you, since it'd have to go in a place where there wasn't already an existing road another private citizen put their own highway on. let's say you luck out and it just so happens to get you to and from work. what about any other places you need to go? do you trade with other people? if i use your road, you can use mine? wait, that's starting to sound an awful lot like...the system we already have in place now.

if anyone out there wants to completely pay their own way for everything and not rely on a government for anything, fine. move to a private island and start your own country. but to expect everyone to go back to how things were back when this country was in its infancy just can't happen. it's impossible. and it's not that some people can do it and some can't, it's got to be all or nothing: you either have a welfare state and federal departments and budgets paying for things or you don't, and on the other hand you can't go off the grid with the handouts but say it's cool for others not to do the same.
__________________
KhanadaRhodes is offline  
Old 04-21-2012, 07:13 AM   #39
Blue Crack Addict
 
MrsSpringsteen's Avatar
 
Join Date: Nov 2002
Posts: 28,170
Local Time: 02:50 PM
I went to the 100th birthday game at Fenway Park yesterday. Obama recorded a video birthday message for the videoboard and was roundly, severely booed. Far worse than the usual standard booing of AFraud that took place. And Bill Buckner got a standing ovation. Obama didn't even give up five home runs like someone else did.

Very small sample size obviously, compared to the population of MA. But I was still surprised, and that might be a bad omen. He might really be in trouble. Don't think Romney could beat him in MA but you never know. Stranger things have happened. MA is also doing better economically than most of the country, and still such anti-Obama sentiment.
MrsSpringsteen is offline  
Old 04-21-2012, 07:50 AM   #40
ONE
love, blood, life
 
digitize's Avatar
 
Join Date: Jun 2007
Location: New York / Dallas / Austin
Posts: 14,076
Local Time: 12:50 PM
Quote:
Originally Posted by INDY500
Good news!! Romania, Oman, and The Republic of Congo can all buy Western debt when China closes their pocketbook.
http://www.bbc.co.uk/news/business-17737572
__________________

digitize is offline  
 

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



All times are GMT -5. The time now is 01:50 PM.


Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2021, vBulletin Solutions, Inc.
Design, images and all things inclusive copyright © Interference.com
×