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Thread: Obama announces his Candidacy for 2012.

  1. #1051
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    Re: Obama announces his Candidacy for 2012.

    today: Home sales fall to 2011 low; few 1st-time buyers - Yahoo! Finance

    sales of existing homes down 3.1%, lowest this year

    selling at an annual rate of 4.8 million, 6 million being normal

    4.9 mil moved last year, fewest in 13 years

    first time buyers are 35% of the market, they're usually half

    student loan and higher pre quals are part of their problem

    first timers are uplifting cuz they go to lowes and they move up

    instead, there are foreclosures

    pre existing homes avg value is 166K, new units 220

    the 31% markup, new homes versus pre owned, is double the normal margin

    cuzza the glut of shorts and foreclosures

    the inventory of foreclosures is 9 months

    but there's the shadow inventory too, houses we know are under but which banks or judges have so far kept off the market

    fyi

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    Re: Obama announces his Candidacy for 2012.

    We did our part. Found a home appraised at $230K bought it for $180K....We close on the 15th.


    Yeah!


    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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    Re: Obama announces his Candidacy for 2012.


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    Re: Obama announces his Candidacy for 2012.

    today: CNBC: Jobs Picture Remains Ugly As Weekly Claims Still High

    428000

    12 straight weeks over 400K, "the level that is usually associated with a stable labor market"

    recovery summer, anyone?
    Last edited by The Prof; 06-30-11 at 02:28 PM.

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    Re: Obama announces his Candidacy for 2012.

    Quote Originally Posted by Jetboogieman View Post
    'twas expected.

    Can't say I'm surprised.

    He does not have my support, unless the republican candidate is unbelievably vile, I'll be choosing the best of the worst this election season, can't wait.

    Gonna be exciting.
    You know the republican candidate will be unbelievably vile... look at the last election. My God, where have the true conservatives gone? Regardless, I predict that Obama is in trouble if anyone semi-legitamate opposses him... (No Michelle, you do not fit under that description). Pawlenty will probably get my vote in the primary if he's still around. I swear to God if the elephants put forth some middle-of-the-road candidate on the ticket I will vote for Obama just to prove a point. This election will truly be the test of "What have the Republicans learned in the past twelve years?" If they are still as asinine as they were in '08- I'm leaving the party.

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    Re: Obama announces his Candidacy for 2012.

    The report was written by the White House’s Council of Economic Advisors, a group of three economists who were all handpicked by Obama, and it chronicles the alleged success of the “stimulus” in adding or saving jobs. The council reports that, using “mainstream estimates of economic multipliers for the effects of fiscal stimulus” (which it describes as a “natural way to estimate the effects of” the legislation), the “stimulus” has added or saved just under 2.4 million jobs — whether private or public — at a cost (to date) of $666 billion. That’s a cost to taxpayers of $278,000 per job.

    Furthermore, the council reports that, as of two quarters ago, the “stimulus” had added or saved just under 2.7 million jobs — or 288,000 more than it has now. In other words, over the past six months, the economy would have added or saved more jobs without the “stimulus” than it has with it. In comparison to how things would otherwise have been, the “stimulus” has been working in reverse over the past six months, causing the economy to shed jobs.
    Obama's Economists: Stimulus Jobs $278,000 Per

    seeya at the polls, progressives

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    Re: Obama announces his Candidacy for 2012.

    Quote Originally Posted by The Prof View Post
    Obama's Economists: Stimulus Jobs $278,000 Per

    seeya at the polls, progressives
    Good luck getting an Obama supporter to even acknowledge this report released by the WH Council of Economic Advisors. BLS is reporting 2.4 million reduction in the labor force today vs. when Obama took office and 2.1 million more unemployed with total unemployment at 15.8% but apparently Obama supporters continue to buy the rhetoric and ignore the results. It will be the Obama record on the ballot in Nov. 2012, not his smile or his rhetoric. No wonder Obama supporters run from his record.

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    Re: Obama announces his Candidacy for 2012.

    Quote Originally Posted by The Prof View Post
    Obama's Economists: Stimulus Jobs $278,000 Per

    seeya at the polls, progressives
    Use the same type of calculation with Bush's tax cuts and see what you come up with.

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    Re: Obama announces his Candidacy for 2012.

    Quote Originally Posted by pbrauer View Post
    Use the same type of calculation with Bush's tax cuts and see what you come up with.
    Since the Bush tax cuts aren't a line item expense that wouldn't be relevant. How do you explain tax revenue going up from 2003-2007 AFTER the tax cuts and after the end of the recession and paying for 9/11?

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    Re: Obama announces his Candidacy for 2012.

    Quote Originally Posted by pbrauer View Post
    Use the same type of calculation with Bush's tax cuts and see what you come up with.
    What are you doing here? You're interrupting their circle jerk.

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