What happened to all of the doom and gloom economic threads?

[readyforfun]

Frisco you are fresco and verdad hoy !

 

[Saint Peter]

...smells like bullshit...

 

[Frisco_Slug_Esq]

Frisco you are fresco and verdad hoy !

Fresh Truth of Bel Air...

 

[Ulaven_Demorte]

That's not bullshit.

Those banks were under increasing pressure to make affirmative-action loans to protect themselves from the race industry, something that BOTH Obama and ACORN were part of and were aided in by the hapless Bush who doesn't get nearly enough credit for his endless outreach programs aimed at Democrat voters...

So, they made the loans because they could turn around and "sell" them to the Democrat-controlled (via Harvard) Freddie and Fannie with zero scrutinization over the actual validity of the loans.

When a low percentage of blacks own homes, the only answer to the Left is institutionalized racism and they worked diligently to discern and destroy all vestiges of this "racism" in the industry and it was easier to make bad loans than to confront the force and weight of the Federal government.

More bullshit.

The majority of the sub-primes that failed were not held by Freddie and Fannie. In fact their record was much better than the norm for those they did hold. Which is to say that less of those held by Freddie and Fannie actually lapsed into foreclosure.

Nobody forced a single bank to write loans to people who couldn't repay them. The banks were doing so KNOWING that the mortgagees would likely default when their ultra-low teaser rate expired which would foreclose on the property that had appreciated in value (thanks to artificially inflated real estate values) and do the whole thing all over again. At least until the entire affair reached the tipping point and real estate values crumbled under their own weight.

To try to blame this all on a program that had operated for 30 years before the collapse rather than the deregulation that took effect in 1999 is disingenuous at best, an outright lie at worst. Nothing that I don't expect from the "right". When your policies result in catastrophe try to pin the blame on a social program.

 

[Beco]

When the Obamas get back from vacation....maybe look into job creation

Contrary to mainstream economists' projections, housing has not stabilized this year. Far from it, in fact. Last month alone, 325,299 properties across the US received a notice of default, auction or bank repossession, according to RealtyTrac. That's one in 387 households. It was the 17th consecutive month notices exceeded the 300,000 mark. Although down 10% year-on-year, the expiration of various governmental stimulus measures saw July's number jump 4% from the previous month. Lenders seized 92,858 properties in July, the second-highest monthly tally since RealtyTrac began keeping records in January 2005.

"The numbers are exploding due to unemployment and economic displacement," said Rick Sharga, senior vice president of marketing at RealtyTrac. "We will see them get a lot worse unless we see some job creation."

 

[Beco]

Initial jobless claims last week rose a fraction to 484,000, the highest in six months, according to the Labor Department.

"This is simply awful," The Daily Reckoning's favorite economist, David Rosenberg, wrote in a note this week. "If claims [go] back up above 500k, for at least a few weeks, double-dip risks will rise materially...

"...98% of the time when Household employment contracts three months in a row, we are already in a recession or about to head into one," Rosenberg continued. "Who knows? Maybe we'll be lucky and this will be the other 2% this time around."

Currently, more than 4.4 million people are collecting unemployment benefits nationwide, while an additional 5.3 million are receiving emergency and extended payments.

 

[Slowlane]

Initial jobless claims last week rose a fraction to 484,000, the highest in six months, according to the Labor Department.

"This is simply awful," The Daily Reckoning's favorite economist, David Rosenberg, wrote in a note this week. "If claims [go] back up above 500k, for at least a few weeks, double-dip risks will rise materially...

"...98% of the time when Household employment contracts three months in a row, we are already in a recession or about to head into one," Rosenberg continued. "Who knows? Maybe we'll be lucky and this will be the other 2% this time around."

Currently, more than 4.4 million people are collecting unemployment benefits nationwide, while an additional 5.3 million are receiving emergency and extended payments.

I keep hoping things will turn around. And they should, if Obama & Co. stop "helping". All they're doing so far is prolonging the agony.

 

[Frisco_Slug_Esq]

THE MARKET'S UP!
THE MARKET'S UP!
THE MARKET'S UP!
THE MARKET'S UP!
THE MARKET'S UP!

OH HAPPY DAY!!!

The doom and gloom is OVER! Bankruptcies are a leading indicator!

When they peak, we're BACK from the brink!



http://www.infowars.com/the-ecstasy-of-empire/

 

[Saint Peter]

Get the shovel. Dig up them Mason jars.

 

[Frisco_Slug_Esq]

You should get thee hence back to the blow job thread...





Assure dolf she does NOT look silly.

 

[Saint Peter]

You should get thee hence back to the blow job thread...





Assure dolf she does NOT look silly.

She looks scared. It may not be what she wants to hear but it is the truth. Just like tarballs on the Gulf's floor.

Honesty is the best policy.

 

[Beco]

I keep hoping things will turn around. And they should, if Obama & Co. stop "helping". All they're doing so far is prolonging the agony.

I haven't really heard anyone, dem or rep, putting out a plan to create jobs.

So, I'm looking for answers...

 

[unregistered]

 

[Ulaven_Demorte]

Open this, got to Table Of Contents, for answers:

http://thf_media.s3.amazonaws.com/2010/pdf/SolutionsForAmerica.pdf

The Heritage Foundation?

Nothing new in there at all Cap'n.

The same tired old "solutions".. Cut social programs, increase military spending, regulate congress but deregulate businesses, cut taxes, repeal health reform and financial reforms.

My favorite though was abolishing federal education standards and tests, cut federal education spending, then divert someof what federal education spending remains to private schools, further strangling our public school system.. Brilliant!

 

[unregistered]

 

[Ulaven_Demorte]

Yeah right, they don't know anything right? Only the left has the answers.

Education has gone downhill since the institution of the Department of Education. It ought to be abolished. Your government school system, under the complete control of the American left, is already in failure mode. Check out the LA Times investigation currently underway.

I didn't say they knew nothing, but that they apparently, based on that article, know nothing new.

The entire report linked by the Cap'n is nothing but a rehash of the same old bullshit that the right has been pushing for a decade. Some of it ev en longer than that.

Today's GOP, yesterdays ideas.

 

[mercury14]

Yeah right, they don't know anything right? Only the left has the answers.

Education has gone downhill since the institution of the Department of Education. It ought to be abolished. Your government school system, under the complete control of the American left, is already in failure mode. Check out the LA Times investigation currently underway.

Confusing correlation for causality again?

BTW, gotta love how the Republican No Child Left Behind initiative represented a massive increase in federal control over education. But instead, you blame the left for the federal control of education.

 

[unregistered]

 

[busybody..]

what will UD say now?

 

[unregistered]

 

[Ulaven_Demorte]

Today's Democrat Party, failed ideas.

From -6% growth to +3% growth in a year and a half.. Health reform, campaign finance reform, finance reform..

What a failure?

 

[busybody..]

^^^ DUMMY!

 

[unregistered]

 

[Luk]

*walks through thread, checks bottom line, walks out of thread whistling*

 

[Sean Renaud]

Not that I don't think our education system is all tha great but by what standard are we considering it a failure? What are we measuring against?