Posted on 03/01/2012 4:10:36 AM PST by Kaslin
Well, you're quite right, and I think he is in trouble -- with the 53% or whatever it is who haven't been bought yet. (And I don't know if the "bought" voters will stay bought: some 60's history from Louisiana elections suggest maybe they won't, if the social issues are on the GOP's side.)
But there is a residual benefit from nonstop, organized, edited-and-concordance-tested Big Lying, and that is that, the voter may decide that it's all lies, but still be demoralized by the thought that masses of other people believe it. Now there is your propagandist's true art, methinks, and the true inducement for JournoList-type lying.
The so-called surpluses were based on projected(bogus)returns on over-inflated values on just about everything....except reality.
The slick one was a fraud-master, but the current WH resident makes him look like an amateur.
I'm no fan of GW Bush, but am sick of hearing the "poor Obama inherited this mess"...blah blah garbage.
Using that twisted logic then...Bush inherited Clinton's mess....9/11(when was the FIRST attack on the Trade Center?), and the bursting of all the criminally engineered/inflated bubbles/ponzi schemes(perps more than likely Clinton cronies....for the most part).
Frankly I don't think the Clintons gave two shtz if Bush ate the eventual collapse, or Gore.
Obama's so-called "improving economy" is based on similar rigged data....while printing trillions to bail out old Clinton crooks, union hacks and Soros investments.
The bank robbery of the United States didn't start with the Clintons, but they accelerated it, now it's been put into high gear.
“Possibly what’s at issue here are the “leading economic indicators” — the signs of economic health that point to recovery even before new jobs become more available.”
I understand how that works, but with this latest round we have a “jobless recovery”, and there was no reason to believe the same wouldn’t happen 20 years ago.
“the voter may decide that it’s all lies, but still be demoralized by the thought that masses of other people believe it.”
An electorate that was desperate enough to elect Obama will be desperate enough to get rid of him; any Repub challenger should trounce him, nad he seems to know it (so they threw out the red herring of Repubs opposing contraception on principle, etc.). He has governed for 3 years with contempt for the average Joe, and now he thinks he’ll play catch-up - but he has a LONG way to go.
When I say that the economy was picking up right before GHW Bush reelection bid, I mean that my business(the homebuilding market) was picking up. The homebuilding market has always been a leading indicator and precurser to the general economy picking up. It was back then and it is RIGHT NOW. Right now is the time to buy a house if you can.
After four plus years of doing nothing, building is picking up. Available new homes are at the lowest volume and the most affordable they have ever been. No matter what you hear from all the naysayers on this site who let politics cloud their judgement, the economy is getting better. This does not mean that Phoenix, Detroit and CA real estate are going to the moon. However, I can tell you from personal experience that a lot of markets are much better(TX, ND, SD MN, NH, MA , GA , WA ,IA, AL, CT, KY, NC, VA ,MD , LA , OR ,IN)
We sell into all these markets and their business is much better than last year and increasing.
Building might be picking up, but that doesn’t necessarily mean the “housing market”; I believe a growing number of people who don’t think they can afford children sure as heck aren’t going to commit to a 30 year mortgage just to watch the government let their neighborhood become Tijuana North to prevent de-population.
A lot of young people will never be caught in the mortgage/property tax mire they see around them (if they’d even be lucky enough to qualify for a mortgage, or get a job). Make sure you can differentiate between a temporary “bump” and demographic trends at work for decades.
The demographic trends you are talking about are resulting in a higher percentage of multifamily housing than in the past 20 years. This is also a result of the aging of our population. However, these are still housing starts. We have 300 million people in our country. Our population continues to increase. All those people have to live somewhere.
You are correct in that a lot of people can not qualify to buy a home. That is why they are moving into apartments. Investors are building apt complexes to satisfy this increase in demand. Young people will change their mind about signing for a mortgage when the fear that the price is going up enters into the market.
Fear and greed drive all markets. People have been afraid that if they invest their money in real estate they will lose it. A lot of them got caught up in the last bubble and lost their shirt. They are gun shy. They bought high and sold low. The sheeple will be back when it is running up. The smart money is buying now. They are making offers when the banks are vulnerable and want to remove these bad assets from their balance sheets. I think we already saw a bottom in the market here in NH over this winter. The cheap house are selling fast, usually within 2 months. Some of the Fannie Mae opwned houses are selling as soon as they hit the market. Please remember that all real estate is local. What is happening in NH, ND or Houston may have nothing to do with what is happening in your local area. I have the benefit because of my business of seeing more of a national view.
Always fun debating with another FReeper :)
I always learn from these discussions.
As less people can (at least in their opinion) 1) afford children, or 2) bank on their job or field still providing a living for 30 years, there is simply no incentive to buy a home. Much of the growth in the areas doing well is the result of the wholesale abandonment of other areas by corporate America, and the best off are the unattached (in terms of family & mortgage) who can follow their jobs south. Here in NJ if you were given a house outright, you’d be coughing up nearly $1K per month (in some neighborhoods far more) just for your tax bill; this has resulted in people unable to retire until they can unload their heavily taxed homes on people who are hesitant to buy - the jobs that had made that acceptable in the past have left NJ (with the exception of cops & teachers, and even these are only safe if you’ve got seniority).
People have learned a lot in the past few years, and it would be difficult to convince them that they’ll ever be “safe” in financial terms (relatively speaking).
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