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Thread: Consumer confidence strongest in over five years in May

  1. #61
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    Re: Consumer confidence strongest in over five years in May

    I mean sure, we have the IRS being used to target Americans with opposing political view points, and with direction from the higher ups at the WH.

    The IRS Comissioner didn't go there 118 times in two years to roll Easter Eggs, and we have the head of the DOJ, commiting perjury PLUS Hillary showing just how incompetent she is as a leader and a human being, Lying to the faces of the Parents who lost their sons in Benghazi.

    But the BIG lie is the economy right with Obama supporters trying to capitalize on the first bit of positive information they can get their hands on, as they completely ignore the fact that it's just another scam from a WH and President that is so lacking any integrity he could look Americans in the eye ans Lie...over and over and over.

    I supppose he knows who his followers are, and knows their issues, but we're not all Liberals.

    Some of us realize a economy being held up with perpetual pumping is a economy in dire shape.

    Just one day, a spike in in bond yields or a statement from Bernake that QE is ending and Obama's pretend " recovery " will come crashing down around him as investors bail on falsely overinflated assets and bonds.

    I just don't remember this apocolyptic plan to put a bow on a desperate economy being in his 2008 speeches.

    I remember something about " the Oceans not rising anymore " and free crap for everyone.

  2. #62
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    Re: Consumer confidence strongest in over five years in May

    I mean sure, we have the IRS being used to target Americans with opposing political view points, and with direction from the higher ups at the WH.

    The IRS Comissioner didn't go there 118 times in two years to roll Easter Eggs, and we have the head of the DOJ, commiting perjury PLUS Hillary showing just how incompetent she is as a leader and a human being, Lying to the faces of the Parents who lost their sons in Benghazi.

    But the BIG lie is the economy right now with Obama supporters trying to capitalize on the first bit of positive information they can get their hands on, as they completely ignore the fact that it's just another scam from a WH and President that is so lacking of any integrity he could look Americans in the eye and Lie...over and over and over.

    I supppose he knows who his followers are, and knows their issues, but we're not all Liberals.

    Some of us realize a economy being exclusivelt held up with perpetual pumping is a economy in dire shape.

    Just one day, a spike in in bond yields or a statement from Bernake that QE is ending and Obama's pretend " recovery " will come crashing down around him as investors bail on falsely overinflated assets and bonds.

    I just don't remember this apocolyptic plan to put a bow on a desperate economy being in his 2008 speeches.

    I remember something about " the Oceans not rising anymore " and free crap for everyone.

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    Re: Consumer confidence strongest in over five years in May

    Quote Originally Posted by Paschendale View Post
    And you have evidence that the aggregate effect of the sequester and all other Democratic economic policies is negative? Also, how does blame for the sequester fall entirely on the head of Democrats? All of congress failed to stop it. And they all crafted it in the first place. And wasn't the immediate response to the sequester from Republicans to downplay it as a whole lot of hot air over nothing? And now suddenly it's a big deal?

    But let's go back to your main premise. "You don't need proof." Yes. Yes you do. Stop being part of the problem.
    I'm not blaming the sequester on the Democrats even though it was Obama who suggested it. what im saying is the democrats said if the sequester went through it would tank the economy and it didn't. did it? the opposite happened. so the myth that cutting government spending hurts an economy is just that a myth

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    Re: Consumer confidence strongest in over five years in May

    Quote Originally Posted by iguanaman View Post
    You prefer the housing bubble that Bush tried to boost the economy with? That worked real well.
    I guess 37 of those "jobs" bills must be to repeal Obamacare. LOL
    the housing bubble was caused by democrat policies the fair housing act caused banks to give housing loans to the unqualified

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    Re: Consumer confidence strongest in over five years in May

    Started by Demorats. Cheerfully presided over for 8 years by oblivious Republicans then give back to Democrats to re-stimulate.

    Well, your stimulation is here. House prices are rising although they are a long, long way from 2005 as they should be. We're recovering despite the best efforts of both parties to **** things up as much as possible.

    So, are we bragging or complaining?



    Quote Originally Posted by trfjr View Post
    the housing bubble was caused by democrat policies the fair housing act caused banks to give housing loans to the unqualified

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    Re: Consumer confidence strongest in over five years in May

    Quote Originally Posted by specklebang View Post
    Started by Demorats. Cheerfully presided over for 8 years by oblivious Republicans then give back to Democrats to re-stimulate.

    Well, your stimulation is here. House prices are rising although they are a long, long way from 2005 as they should be. We're recovering despite the best efforts of both parties to **** things up as much as possible.

    So, are we bragging or complaining?
    The Republicans were NOT oblivious, Bush and Republican Politicians tried to enact legislation and new reforms on the bloated and corrupt GSEs as early as 2001 and continued through 2008 with the Democrats fighting them the whole way.





    And AGAIN, the only thing spurring the housing industry are record low interest rates kept low through unprecedented QE . The cure is worse than the disease as Obama's entire economy is held up with unprecedented printing and monetizing of our debt.

    It's just ANOTHER lie.
    The New Democratic Party Slogan :

    " Return to Power By Any Means Necessary "

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    Re: Consumer confidence strongest in over five years in May

    Quote Originally Posted by trfjr View Post
    the housing bubble was caused by democrat policies the fair housing act caused banks to give housing loans to the unqualified
    The fact that the entire thing happened while the Republicans were in total control is just a coincidence? Do tell.

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    Re: Consumer confidence strongest in over five years in May

    Quote Originally Posted by Fenton View Post
    The Republicans were NOT oblivious, Bush and Republican Politicians tried to enact legislation and new reforms on the bloated and corrupt GSEs as early as 2001 and continued through 2008 with the Democrats fighting them the whole way.





    And AGAIN, the only thing spurring the housing industry are record low interest rates kept low through unprecedented QE . The cure is worse than the disease as Obama's entire economy is held up with unprecedented printing and monetizing of our debt.

    It's just ANOTHER lie.
    The Bush Adminstration and the rubber stamp congress he had did everything they could to inflate the bubble and protect the banks from any interference in their scheme. From kicking it off in 2002 with Bush's Minority Housing Initiative" where he sold $440 billion in subprime loans to Fannie Mae... to using Federal Power to stop the States Attorney's from using their own predatory lending laws to regulate the subprime mortgages GW supported the bankers and their scam all the way to the end. Nothiing you can say will change those facts as bad as they make your side look. No matter how you try I won't believe the GW Bush had Barney Franks hand up his ass while he was saying this in June 2002 .......although I bet his voice was pretty squeaky. It just not something Republicans say EVER.
    And so, therefore, I've called -- yesterday, I called upon the private sector to help us and help the home buyers. We need more capital in the private markets for first-time, low-income buyers. And I'm proud to report that Fannie Mae has heard the call and, as I understand, it's about $440 billion over a period of time. They've used their influence to create that much capital available for the type of home buyer we're talking about here. It's in their charter; it now needs to be implemented. Freddie Mac is interested in helping. I appreciate both of those agencies providing the underpinnings of good capital.

    HUD Archives: President George W. Bush Speaks to HUD Employees on National Homeownership Month (6/18/02)
    Eliot Spitzer - Predatory Lenders' Partner in Crime
    Last edited by iguanaman; 05-29-13 at 12:21 AM.

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    Re: Consumer confidence strongest in over five years in May

    Quote Originally Posted by iguanaman View Post
    The Conference Board, an industry group, said its index of consumer attitudes jumped to 76.2 from an upwardly revised 69 in April, topping economists' expectations for 71. It was the best level since February 2008.

    Consumer confidence strongest in over five years in May | Reuters

    More bad news for Republicans but GREAT news for the rest of us. Consumer spending makes up 75% of our economy.

    It took long enough for crying out loud.

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    Re: Consumer confidence strongest in over five years in May

    I'm sorry but you are wrong about this. It wasn't that long ago. I watched this going on and nobody spoke up even when it became absurd and obviously bound to fail. Collusive Capitalism at its finest.
    ]The Republicans were NOT oblivious, Bush and Republican Politicians tried to enact legislation and new reforms on the bloated and corrupt GSEs as early as 2001 and continued through 2008 with the Democrats fighting them the whole way.
    The reason interest rays are so low is that we owe too much money to support higher rates. At 5%, servicing the debt would be $850billion a year. The reason housing is rising is investors who, slightly belatedly, have realized that housing is a bargain for the buck. The banks have slowed their repo rate and inventory is tight. So, it isn't connected to interest rates (although it should be). I'm not sure what can be learned from the stock market.
    And AGAIN, the only thing spurring the housing industry are record low interest rates kept low through unprecedented QE . The cure is worse than the disease as Obama's entire economy is held up with unprecedented printing and monetizing of our debt.

    Quote Originally Posted by Fenton View Post
    The Republicans were NOT oblivious, Bush and Republican Politicians tried to enact legislation and new reforms on the bloated and corrupt GSEs as early as 2001 and continued through 2008 with the Democrats fighting them the whole way.





    And AGAIN, the only thing spurring the housing industry are record low interest rates kept low through unprecedented QE . The cure is worse than the disease as Obama's entire economy is held up with unprecedented printing and monetizing of our debt.

    It's just ANOTHER lie.

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