January Housing Report Best Since 2005...New Starts And Sales

[Cammmpbell]

Stock market best since 2007. Dow 13895.98...S&P above 1500 first time since Bush's recession.

Let's see now.....if the Republican house would actually work with the administration instead of against it we could move into the best economy since the one during the last four Clinton years...you know, generating surpluses, buying back debt, 4% unemployment rate etc.

 

[Stephanie]

well wonderful, I'm sure all them people in the 8% unemployment will be running right out to buy one..

And all the people struggling in dreadful Obama recovery will too they are bringing in loads of money...Hell people are lucky just be able to take care of their families in the ObamaNation

 

[Procrustes Stretched]

Good news 4 America depresses right wingers?

go figure

 

[jwoodie]

Let's see now.....how would you like the Republican House to "work with the administration?" Just give Obama unilateral authority to increase the National Debt and spend trillions of dollars with a Budget? Are you serious?

 

[Stephanie]

good news 4 america depresses right wingers?

Go figure

oh gawd yawn

 

[jwoodie]

I'm all for good news, but artificially low interest rates are not a sound basis for a long term housing recovery. Look at Japan, they have been trying to stimulate their way out of recession for 20 years...

 

[Procrustes Stretched]

Compared to the 2007/2008 economic crisis that scared the shit out of everyone...we are doing fine.

Things will pick up, and have been picking up...slowly

no more quick fixes...no more Reaganomics

 

[chikenwing]

Stock market best since 2007. Dow 13895.98...S&P above 1500 first time since Bush's recession.

Let's see now.....if the Republican house would actually work with the administration instead of against it we could move into the best economy since the one during the last four Clinton years...you know, generating surpluses, buying back debt, 4% unemployment rate etc.

Its great news that people can do better regardless of what the Gov does or doesn't do.

What has ether party and the president done that has caused housing to begin to recover?


Let's see now.....if the Republican house would actually work with the administration instead
of against it we could move into the best economy since the one during the last four Clinton.


One has to wonder if using the same logic,if the Dems had worked with Bush might we not have ever gone into a rescission in the 1st place,but then blind political hackery doesn't produce anything worth while.

 

[Dugdale_Jukes]

It's definitely good news housing starts are up. But only the stupidest people on earth use their house as a bank. Unless that practice ends we are somewhere along a circular path leading back down the drain.

Thirty years of [edited for clarity pursuant to post below] corporation driven government policy caused the "housing" crash, which was basically a combination of currency speculation and real estate speculation in derivatives. Bobblehead Reagan's people ramped up devolution of the regulatory system that prevented bubbles in the period from WWII to 1980. Clinton took ReagaNUT policies to the hoop sending jobs offshore with NAFTA and teeing up China for the WTO. The moron, Junebug Bush cut taxes and invaded foreign countries to break the bank, while Obama is a mixed bag. Obama extended what is still a depression for 33%- 50% of Americans by giving money to the most incredibly incompetent money managers in global history, US state and local governments. That was called "Keynesian" and it was, but so was Reagan's nutty "supply side" bullshit.

My point is both top-down (supply side efforts) failed; putting money into a nation's economic system at the top whether it be private industry or state and local governments is a form of supply side corporate welfare (state and local governments are corporations). Consequently Obama's vaunted Keynesian bogusness was functionally a supply side pissing away of about two trillion dollars.

Instead of kneecapping social security robbing it to give a few dollars a week to build demand for basic stuff at street level, the thing Obama and the 2009 congress should have done was eliminate income taxes for everyone on the first fifty or sixty thousand dollars of earned income. That would have created enough demand for goods to turn things around pretty quick.

Instead here we are up to our asses in debt that in general benefited few citizens but enriched a borderline criminal class of embezzlers from the national treasury, starting with AIG/Goldman and on down to the rest of the financial services sector and then out into state and local government where more cash is spent less wisely than on vice in America.

More problems are definitely ahead; these bailouts got some junk off the books but there is plenty more out there thanks to the moronic financial and deregulators of the last thirty years and thanks to the most corrupt courts, congresses and presidencies since the last quarter of the 19th century. Both parties are to blame, but the people who own most of the blame are the people who re-elected a proven lying scumball, Junebug Bush, in 2004. Anyone who voted for Junebug in 2004 deserves the fucking they got. One hopes karma continues to service them until the lights go out.


Here is where we are: it is so bad there are no good answers.

 

[Cammmpbell]

well wonderful, I'm sure all them people in the 8% unemployment will be running right out to buy one..

And all the people struggling in dreadful Obama recovery will too they are bringing in loads of money...Hell people are lucky just be able to take care of their families in the ObamaNation

And just think.....with all that going on he just gave you folks a good ass kicking.

OBAMA..........332
ROMULUS.......206

 

[chikenwing]

well wonderful, I'm sure all them people in the 8% unemployment will be running right out to buy one..

And all the people struggling in dreadful Obama recovery will too they are bringing in loads of money...Hell people are lucky just be able to take care of their families in the ObamaNation

And just think.....with all that going on he just gave you folks a good ass kicking.

OBAMA..........332
ROMULUS.......206

This is the problem simple minded dumb fucks that think they won.

 

[Rozman]

well wonderful, I'm sure all them people in the 8% unemployment will be running right out to buy one..

And all the people struggling in dreadful Obama recovery will too they are bringing in loads of money...Hell people are lucky just be able to take care of their families in the ObamaNation

And just think.....with all that going on he just gave you folks a good ass kicking.

OBAMA..........332
ROMULUS.......206

This is the problem simple minded dumb fucks that think they won.

Shows you right there what the Democrat party is all about...
The election wasn't about helping Americans.
It was all about winning.

 

[Toddsterpatriot]

Stock market best since 2007. Dow 13895.98...S&P above 1500 first time since Bush's recession.

Let's see now.....if the Republican house would actually work with the administration instead of against it we could move into the best economy since the one during the last four Clinton years...you know, generating surpluses, buying back debt, 4% unemployment rate etc.

if the Republican house would actually work with the administration instead of against it we could move into the best economy since the one during the last four Clinton years

If working with the administration means more spending, more taxes and more stupid regulations, why do you feel that would move us into a better economy?

 

[Procrustes Stretched]

What is good for America seems to be bad for conservatives and the GOP

 

[jwoodie]

It's definitely good news housing starts are up. But only the stupidest people on earth use their house as a bank. Unless that practice ends we are somewhere along a circular path leading back down the drain.

Thirty years of corporate governance caused the "housing" crash, which was basically a combination of currency speculation and real estate speculation in dervatives. Bobblehead Reagan's people ramped up devolution of the regulatory system that prevented bubbles in the period from WWII to 1980. Clinton took ReagaNUT policies to the hoop sending jobs offshore with NAFTA and teeing up China for the WTO. The moron, Junebug Bush cut taxes and invaded foreign countries to break the bank, while Obama is a mixed bag. Obama extended what is still a depression for 33%- 50% of Americans by giving money to the most incredibly incompetent money managers in global history, US state and local governments. That was called "Keynesian" and it was, but so was Reagan's nutty "supply side" bullshit.

My point is both top-down (supply side efforts) failed; putting money into a nation's economic system at the top whether it be private industry or state and local governments is a form of supply side corporate welfare (state and local governments are corporations). Consequently Obama's vaunted Keynesian bogusness was functionally a supply side pissing away of about two trillion dollars.

Instead of kneecapping social security robbing it to give a few dollars a week to build demand for basic stuff at street level, the thing Obama and the 2009 congress should have done was eliminate income taxes for everyone on the first fifty or sixty thousand dollars of earned income. That would have created enough demand for goods to turn things around pretty quick.

Instead here we are up to our asses in debt that in general benefited few citizens but enriched a borderline criminal class of embezzlers from the national treasury, starting with AIG/Goldman and on down to the rest of the financial services sector and then out into state and local government where more cash is spent less wisely than on vice in America.

More problems are definitely ahead; these bailouts got some junk off the books but there is plenty more out there thanks to the moronic financial and deregulators of the last thirty years and thanks to the most corrupt courts, congresses and presidencies since the last quarter of the 19th century. Both parties are to blame, but the people who own most of the blame are the people who re-elected a proven lying scumball, Junebug Bush, in 2004. Anyone who voted for Junebug in 2004 deserves the fucking they got. One hopes karma continues to service them until the lights go out.


Here is where we are: it is so bad there are no good answers.

I agree with most of what you say, expect for blaming the housing crash on "corporate governance." There are MANY reforms to be made in this area, including executive compensation/interlocking boards, but the steep run up and crash of mortgage securities was the direct result of government policy. Incredibly, Fannie and Freddie executives were paid bonuses based on total volume of loans processed, regardless of quality.

 

[PredFan]

That's good news! Thank God for the Republican governors!

 

[Procrustes Stretched]

Good news for Obama is bad news for GOP

 

[Dugdale_Jukes]

It's definitely good news housing starts are up. But only the stupidest people on earth use their house as a bank. Unless that practice ends we are somewhere along a circular path leading back down the drain.

Thirty years of corporate governance caused the "housing" crash, which was basically a combination of currency speculation and real estate speculation in dervatives. Bobblehead Reagan's people ramped up devolution of the regulatory system that prevented bubbles in the period from WWII to 1980. Clinton took ReagaNUT policies to the hoop sending jobs offshore with NAFTA and teeing up China for the WTO. The moron, Junebug Bush cut taxes and invaded foreign countries to break the bank, while Obama is a mixed bag. Obama extended what is still a depression for 33%- 50% of Americans by giving money to the most incredibly incompetent money managers in global history, US state and local governments. That was called "Keynesian" and it was, but so was Reagan's nutty "supply side" bullshit.

My point is both top-down (supply side efforts) failed; putting money into a nation's economic system at the top whether it be private industry or state and local governments is a form of supply side corporate welfare (state and local governments are corporations). Consequently Obama's vaunted Keynesian bogusness was functionally a supply side pissing away of about two trillion dollars.

Instead of kneecapping social security robbing it to give a few dollars a week to build demand for basic stuff at street level, the thing Obama and the 2009 congress should have done was eliminate income taxes for everyone on the first fifty or sixty thousand dollars of earned income. That would have created enough demand for goods to turn things around pretty quick.

Instead here we are up to our asses in debt that in general benefited few citizens but enriched a borderline criminal class of embezzlers from the national treasury, starting with AIG/Goldman and on down to the rest of the financial services sector and then out into state and local government where more cash is spent less wisely than on vice in America.

More problems are definitely ahead; these bailouts got some junk off the books but there is plenty more out there thanks to the moronic financial and deregulators of the last thirty years and thanks to the most corrupt courts, congresses and presidencies since the last quarter of the 19th century. Both parties are to blame, but the people who own most of the blame are the people who re-elected a proven lying scumball, Junebug Bush, in 2004. Anyone who voted for Junebug in 2004 deserves the fucking they got. One hopes karma continues to service them until the lights go out.


Here is where we are: it is so bad there are no good answers.

I agree with most of what you say, expect for blaming the housing crash on "corporate governance." There are MANY reforms to be made in this area, including executive compensation/interlocking boards, but the steep run up and crash of mortgage securities was the direct result of government policy. Incredibly, Fannie and Freddie executives were paid bonuses based on total volume of loans processed, regardless of quality.

My bad. Original post edited for clarity. What I meant is "corporate government" or government by corporations. Corporations wrote the policies that directly caused the crash. Corporations continue to write law keeping lobbyists in touch with future hires currently working as congressional assistants.

Every American school child should be required to carry the statement the steep run up and crash of mortgage securities was the direct result of government policy with them for at least twelve years. Along with copies of the legal bills taxpayers paid for executives in Fannie and Freddie. The only funny thing about it is that Neut Gingerish was one of the movers/shakers behind those deals and some fake-liberal-borderline-fascist numbnut, Frank, I think it is, is hogging all the blame.



Something else to consider: housing may have been a big problem, but when the truth is known, US housing will be the tinder that blew up the gashouse, not the whole problem of 2008. There may have been as many as US$300kkk (trillion) in currency derivatives outstanding the day Allan Greenspan, Reagan, Clinton, Junebug Bush and FriedmaNUTism as rational economic policy were undone beyond a shadow of a doubt.

While Junebug is by every single hard measure the lowest performing (aka, "worst") president in US history, in re the crash of 2008, the halfwit inheritor was just another victim being manipulated in one area by neocons and in other areas by Goldman/AIG.

 

[Cammmpbell]

And just think.....with all that going on he just gave you folks a good ass kicking.

OBAMA..........332
ROMULUS.......206

This is the problem simple minded dumb fucks that think they won.

Shows you right there what the Democrat party is all about...
The election wasn't about helping Americans.
It was all about winning.

You damn right it was. I've already had a belly full of the Republicans shoving everything to the top in the form of tax cuts and debt:

Total U S Debt


09/30/2009 $11,909,829,003,511.75(80% Of All Debt Across 232 Years Borrowed By Reagan And Bushes)

09/30/2008 $10,024,724,896,912.49(Times Square Debt Clock Modified To Accomodate Tens of Trillions)

09/30/2007 $9,007,653,372,262.48
09/30/2006 $8,506,973,899,215.23
09/30/2005 $7,932,709,661,723.50
09/30/2004 $7,379,052,696,330.32

09/30/2003 $6,783,231,062,743.62(Second Bush Tax Cuts Enacted Using Reconciliation)


09/30/2002 $6,228,235,965,597.16

09/30/2001 $5,807,463,412,200.06(First Bush Tax Cuts Enacted Using Reconciliation)


09/30/2000 $5,674,178,209,886.86(Administration And Congress Arguing About How To Use Surplus)

09/30/1999 $5,656,270,901,615.43(First Surplus Generated...On Track To Pay Off Debt By 2012)

09/30/1998 $5,526,193,008,897.62
09/30/1997 $5,413,146,011,397.34
09/30/1996 $5,224,810,939,135.73
09/29/1995 $4,973,982,900,709.39
09/30/1994 $4,692,749,910,013.32

09/30/1993 $4,411,488,883,139.38(Debt Quadrupled By Reagan/Bush41)

09/30/1992 $4,064,620,655,521.66
09/30/1991 $3,665,303,351,697.03
09/28/1990 $3,233,313,451,777.25
09/29/1989 $2,857,430,960,187.32
09/30/1988 $2,602,337,712,041.16
09/30/1987 $2,350,276,890,953.00
09/30/1986 $2,125,302,616,658.42
09/30/1985 $1,823,103,000,000.00
09/30/1984 $1,572,266,000,000.00
09/30/1983 $1,377,210,000,000.00

09/30/1982 $1,142,034,000,000.00(Total Debt Passes $1 Trillion)

09/30/1981 $997,855,000,000.00