Posted on 09/14/2009 6:16:07 AM PDT by Lazamataz
What happened to all the green shoots?
Funny, nothing mentioned about the total lack of ability, talent, and IQ amongst our “leaders” in DC.
” ‘Death by a Thousand Cuts’ “
Companies are cutting workforce, consumers are cutting spending - but the Gummint grimly refuses to consider cutting *anything*...
We can survive the first two, but our ‘death’ will come from the un-cuts of the third.....
The True Cause......
.....and another symptom of the disease....people flee( like cancer victims to quacks ) to bamboozlers...
A double-dip recession implies some sort of an initial pseudo-recovery.
Except for the fraud in the stock market producing a recovery in the indices, where’s the overall recovery? Unemployment continues to rise, spending continues to fall.
President "Round-Up" Obama
I’m just glad Obama brought us back from the brink. Man, we are lucky we elected him! Just imagine what a catastrophe it would have been if he hadn’t managed to save all those jobs. Unemployment would be at 20% if if wasn’t for Obama. Just imagine if we didn’t have Obama to steer us away from free market capitalism! /s
Something I don't understand: Here in MA, people are leaving the state (well, I do understand that), so our population is dropping, meanwhile, there are lots of houses on th market, with drastically reduced prices, but they aren't selling. So here's what I don't understand: There's a tremendous amount of home construction going on.
Makes no sense to me. Where's the demand???
where are all the jobs....with all the other problems why is congress trying to ram a job defeating healthcare program down our throats.
Gee...I heard Obama take credit for saving the economy...for bringing it back from the brink.
>>>> 1,000 financial institutions could fail.... housing prices are likely to fall another 12 percent in the next year... commercial real estate market.... Allowing forbearance ... will mask underlying problems <<<<
Can’t say I disagree with any of that.
The junk (mostly from real estate speculation) needs to be wrung out of the financial system to the greatest degree possible.
Letting commericial real estate speculators off the hook will leave us in the same position as Japan, with 20 years of stagnation because we can’t or won’t face reality.
(BTW, nothing against speculators, but when you lose, you lose.)
The Great Downturn of 2010 will be *ahem* tied directly to George W. Bush, and will result in big electoral gains for Democrats in the mid-term elections.
Whatever that means, I see that it's from the CNBC original. Guess the copy desk hasn't gotten to work yet.
Well....of COURSE Obama will accept no blame for any of what he is allowing...BUT....the American people are waking up and I think the Dems will lose BIG-time!
It was an improvement from this, the original copy: "We already were in the middle of a very severe crisis. Smash cop grab dog drug import ticket car, coup frank barrel, is nonsense," he said. "Whacked environment bank cloud street mix busted are parolees."
But if we wake up that Weds and find that the Dems have actually picked up seats in both houses, well ... I'll see you on Lexington Green.
Massachusetts population has been under pressure for decades. Basically, the state is becoming elderly. Young families flee. The largest influx has been poor, uneducated, welfare consuming illegals. See Holyoak, Lowell, Lawrence, Springfield.
Shelter of all types does decay. It is often cheaper to build new, then remodel. Further older decaying structures are usually in poor, undesired towns and cities.
Another thing that is going on is due to the nature of getting a paycheck as a builder. No buildee da houses, no paycheck. Lots of builders get a bank note to build a house, because they need the money NOW, not when the house is sold. Heck, let the bank have it back. These builders are on fumes and desperate. They are like farmers who have gone on two years of drought crop losses but somehow get credit for seed for one more last planting.
I work in a working class saloon. I’d say about half of non welfare/working class/tradesmen types are either out of work, living off unemployment or working part time.
This is going to be a desastrious Christmas for retailers and hard all around. A lot of people’s nearly year long unemployment is going to be exhausted this winter.
So, housing price averages continue down. More upside down mortgages, more foreclosures, more unemployment( at a slower rate ), more people totally off unemployment insurance. Credit cards shut off for most people, people not using it anyways. Car sales post heroin addiction finance party C4C grinding to a stop. Taxes, fines, fees, permits, all going up. Dollar going down, commodity metals going up, Obama blathering, RINO limp wrist boil suckers ‘leading’ (HA!) the Great Elderly Party, Socialist/Commies pouring it on, smelling blood.
Yeah. It’s all good.
A LOT of people are praying and working for this. ;-)
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