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

[koalabear]

Thank Bam for keeping oil prices down.

"The report was negative from just about every angle of approach," energy consultant The Schork Group said in a report. "That's hardly what you would expect in the second year of an alleged economic recovery."

http://money.msn.com/business-news/article.aspx?feed=AP&date=20110711&id=13918483

 

[busybody..]

INSANITY

Here is why the housing mkt WONT get better

BUT

Will get worse

Holder To Launch Crackdown On “Racist” Banks, Force Them To Lend To Minorities With Weak Credit…


Because it worked so well the first time we tried this with Fannie and Freddie . . . no, wait?

(IBD) — In what could be a repeat of the easy-lending cycle that led to the housing crisis, the Justice Department has asked several banks to relax their mortgage underwriting standards and approve loans for minorities with poor credit as part of a new crackdown on alleged discrimination, according to court documents reviewed by IBD.

Prosecutions have already generated more than $20 million in loan set-asides and other subsidies from banks that have settled out of court rather than battle the federal government and risk being branded racist. An additional 60 banks are under investigation, a DOJ spokeswoman says.

Settlements include setting aside prime-rate mortgages for low-income blacks and Hispanics with blemished credit and even counting “public assistance” as valid income in mortgage applications.

In several cases, the government has ordered bank defendants to post in all their branches and marketing materials a notice informing minority customers that they cannot be turned down for credit because they receive public aid, such as unemployment benefits, welfare payments or food stamps.

Among other remedies: favorable interest rates and down-payment assistance for minority borrowers with weak credit.

For example, the government has ordered Midwest BankCentre to set aside almost $1 million in “special financing” for residents living in predominantly black areas of St. Louis. The program includes originating conventional home loans at fixed prime rates for African-American borrowers “who would ordinarily not qualify for such rates for reasons including the lack of required credit quality, income or down payment.”

 

[unregistered]

 

[moman75]

Obama and the Democrats are at war with the free enterprise system.

But they're smarter than the average bears...just axe them!

 

[busybody..]

But they're smarter than the average bears...just axe them!

ax????????????

you stealing my LINES????????????????

 

[busybody..]

Simle question to teh Obama supporters

I dont expect an answer

6 months ago, he said RAISING TAXES would KILL JOBS

Now he says he wants a massive TAX INCREASE in '13 and '14

Would you vote for him now that you know he is for killing jobs?

or

Was he wrong when he said what he said 6 months ago?

GAFFE-O-MATIC: Video: President Obama Promises “Massive Job-Killing Taxes” If Re-Elected.



Its OK

I'll wait

 

[moman75]

ax????????????

you stealing my LINES????????????????

Never! Just trying to add a little "color" to the discussion. I may have to consider moving to the land of fruits and nuts so my kids can get some ebonics and gay history in their curriculum. After all, why the antiquated focus on the three R's?

 

[busybody..]

Nope, straight from the Fed (which AJ quoted), Moody's, CBO, Global Insight, and Macroeconomic Advisors. Don't believe what the WH says, go look for independent analysis. I hear the WH saying crap all the time under every administration, but it's not objective since they have an agenda. Therefore you'll never see me quoting them.
?

PUTZ LOON

In case you are hard of seeing

where is teh fucking LNKS to this BULLSHIT?

 

[busybody..]

PUTZ LOON

In case you are hard of seeing

where is teh fucking LNKS to this BULLSHIT?

I think POON PUTZ is scrared to show the links cause they dont exist or will be shown to be BULLSHIT

Am I right, POON PUTZ?

 

[moman75]

ax????????????

you stealing my LINES????????????????

Never! Just trying to add a little "color" to the discussion. I may have to consider moving to the land of fruits and nuts so my kids can get some ebonics and gay history in their curriculum. After all, why the antiquated focus on the three R's?

 

[busybody..]

Never! Just trying to add a little "color" to the discussion. I may have to consider moving to the land of fruits and nuts so my kids can get some ebonics and gay history in their curriculum. After all, why the antiquated focus on the three R's?

you think this was so damn good

you posted it twice?

answer me

Im AXIN you a question!

 

[mercury14]

It makes exactly no sense. You appear to be saying that the backlog of homes is causing employment difficulties. You do realize that the opposite is true, correct? That if people can't find jobs, they can't buy homes...right?

Yes, building houses puts people to work. But you have supply and demand mixed up, and you greatly overestimate the proportion of the work force that is employed by the housing industry. Further, you're confusing future homes--i.e., those yet to be built--with existing homes yet to be bought.

What propotion of the 9.2% unemployed would you say normally work in fields related to homebuilding?

Sonny, the home buiding industry is only a small part of what I'm talking about. What I'm more talking about is the consumption and demand created by both building a new home and filling it with everything that people have in their house. When s 23 year-old couple gets married and buys a house, they buy a ton of stuff. Far more than if they rent an existing apartment.

I'm not really here to argue with you that low demand for housing hampers employment levels. It's common knowledge. Go write Bloomburg or Forbes an email.

 

[mercury14]

PUTZ LOON

In case you are hard of seeing

where is teh fucking LNKS to this BULLSHIT?

They're already linked in this very thread. You even replied to them.

 

[busybody..]

They're already linked in this very thread. You even replied to them.

dont gimme that BULLSHIT, POON

link me to each and every single one, IF YOU DARE

the Fed (which AJ quoted), Moody's, CBO, Global Insight, and Macroeconomic Advisors.

show me

IM 100000% none of em say what you LIED about they said

LINK ME, I DARE YOU, POON PUTZ

Im guessing you wont LINK em all cause none of em say what you say they say

 

[Sonny Limatina]

Sonny, the home buiding industry is only a small part of what I'm talking about. What I'm more talking about is the consumption and demand created by both building a new home and filling it with everything that people have in their house. When s 23 year-old couple gets married and buys a house, they buy a ton of stuff. Far more than if they rent an existing apartment.

I'm not really here to argue with you that low demand for housing hampers employment levels. It's common knowledge. Go write Bloomburg or Forbes an email.

You're name-checking Forbes and Bloomberg without providing any information from them. Is there a reason for that?

Your initial point was about the backlog of existing homes caused by the mortgage crisis. Then it was new home construction in particular. Now it appears to be new home construction and first-time buyers in particular. As your sample pool is shrinking, you're making some significant claims about economic cause and effect relevant to that pool. Instead of telling me to write to Bloomberg, why not back up those claims when they're called into question?

What percentage of all home sales would you say are new construction? Of those, what percentage are sold to first-time buyers?

You do realize that for the cause and effect chain you're proposing to be correct, all we would need to do is let lots and lots of unqualified first-time buyers get into new houses, and the rest of the economy would straighten itself out.

Uh-oh. Sound at all familiar?

 

[mercury14]

dont gimme that BULLSHIT, POON

link me to each and every single one, IF YOU DARE

the Fed (which AJ quoted), Moody's, CBO, Global Insight, and Macroeconomic Advisors.

show me

IM 100000% none of em say what you LIED about they said

LINK ME, I DARE YOU, POON PUTZ

Im guessing you wont LINK em all cause none of em say what you say they say

Why should I link them again? How many times do I need to link them?

 

[busybody..]

Why should I link them again? How many times do I need to link them?

You WONT link them

Cause it will show you to be A LIAR

So LINK THEM

PROVE ME WRONG!

 

[mercury14]

You WONT link them

Cause it will show you to be A LIAR

So LINK THEM

PROVE ME WRONG!

It just took me 3 seconds to find the links. Forum search is your friend.

 

[busybody..]

It just took me 3 seconds to find the links. Forum search is your friend.

you cant spare 3 seconds?

I AM CALLING YOU A DELIBERATE LIAR!

Prove me WRONG!

I DARE YOU!

 

[busybody..]

It just took me 3 seconds to find the links. Forum search is your friend.

while YOu are at it

answer THIS

I DARE YOU

Simple question to teh Obama supporters

I dont expect an answer

6 months ago, he said RAISING TAXES would KILL JOBS

Now he says he wants a massive TAX INCREASE in '13 and '14

Would you vote for him now that you know he is for killing jobs?

or

Was he wrong when he said what he said 6 months ago?

GAFFE-O-MATIC: Video: President Obama Promises “Massive Job-Killing Taxes” If Re-Elected.



Its OK

I'll wait



dont GIMME da shit by 13 and 14 the economy will be humming and a tax increase wont hurt, cause we know its BULLSHIT

 

[busybody..]

During another exchange, Republicans were going through proposed tax increases as bad for jobs.

“C’mon, man!” Vice President Biden exclaimed, “let’s get real!”


The Vice President argued that their opposition isn’t economic, it’s ideological, that no real economist thinks they’re “job killers.”

Uncle Joe might have a pretty skewed definition of who qualifies as a “real economist,” but that simply isn’t true. Furthermore, here is what President Obama had to say in August 2009 defending his own opposition to raising taxes during a recession: “[T]he last thing you want to do is raise taxes in the middle of a recession because that would just suck up – take more demand out of the economy and put business further in a hole.”

ASSHOLE LOSER FUCKING LIAR!

 

[busybody..]

So PUTZ LOON

3 fucking seconds

Cant spare 3 fucking seconds?

Where are teh LINKS?

IM CALLING YOU A LIAR!!!!!!!!!!!!!!!!!!!!

A deliberate LIAR

here is your chance to prtend

"You are crazy, BB, Im gonna IGGY YOU, and I dont give a shit what you say!"

Its BEEN done, PUTZ LOON

SHOW ME TEH FUCKING LINKS!!!!!!!!!!!!!!!!!!!!!

 

[mercury14]

Busybody just threatened to iggy me.

 

[busybody..]

Busybody just threatened to iggy me.

you misread it PUTZ LOON

you cant produce the link, can you?

Im sure you can, you wont, cause then you will be shown yet again

as

a

LIAR!

 

[mercury14]

Look, you prove on a consistent basis that your "research" is driven by the blogosphere...

Nope I read no blogs, left or right wing. None see my browser, ever, save the ones you C&P. You've never, ever seen me link one and just to be clear I'll use this space to denounce left wing blogs as opinion and spin just as I do the right.

As you've plainly observed, my "research" on things like the stimulus is simply a reference to the business community's assessment of it. I wanted to find a nonpartisan assessment of the stimulus so I just looked it up. Now you're stuck doing your best to tar and feather the business community as being Obama-lovers... Yes, the same business community that you say Obama hates and wants to see destroyed or whatever paranoid bullshit you're peddling right now. It's really hard to believe ho poorly you've thought this through.

You realize that you sound just a wee bit hypocritical being Lit's Blog King and then attacking people for reading blogs, right?