Posted on 03/29/2014 6:01:46 AM PDT by Kaslin
The cheerleader know nothings on CNBC were all beating the recovery drums yesterday.
I find even a 3.2% growth to be abysmal, considering that GDP includes government spending.
Economists have a way of "letting the cat out of the bag" when they make statements like this. In a normal, well-functioning economy, why would there be any urgency in restoring housing prices to "pre-recession levels" that were grossly inflated to begin with?
The answer is that there's absolutely no good reason to monkey around with "housing prices" in a sound economy. The reason housing prices are so important here in the U.S. is that our economy is constructed around massive debt, and high housing prices are a boon for the banking industry.
Especially considering the tens of billions in printing and bond buying the Fed is doing to prop up the economy.
I think a lot of the weaker minded public is FINALLY starting to realize the MSM blows smokescreens and distributes the outright lies put otu by the 0 administration from conversation with some younger people lately. Sadly they had to become his victims before they “got” it (no jobs and the reality of what 0’Care really means when it comes to their dwindling paycheck which isn’t enough to live on by your own even with another additional income anymore. Thanks to Obamacare.
Add that government changed the way the GDP is calculated, and they still aren’t fooling everyone, just Democrat supporters.
High oil prices, gross uncertainty caused by gov’t meddling/dithering/selective enforcement, 0bamaCare.
The current issue of Forbes is all about global billionaires. Alongside each name is a little icon. A triangular green icon points up . A triangular red icon points down.
There are lots, perhaps moredown pointing red icons......
Lesson........ it’s bad all over
Hubby and I were going to buy a house, but not now.
The inflation rate is calculated without the increase in food or energy prices. WTF? Sure, lets quick chalk the books so the average person can’t see the truth.
I don’t believe even that growth percentage—given how we undercount inflation.
Like most numbers generated by these guys they are suspect at best. They use all kinds of manipulations to make themselves look better. This is but another example, reality, where we all live, leads us to other conclusions.
Correct. The GDP reminds me of BMI when evaluating obesity. BMI does not factor in things like muscle weight, bone density, etc. It is a seriously flawed measurement. Likewise, so is GDP, when inflation and government spending is not factored in.
It never ceases to amaze me that the liberal press can hammer a GWB 24/7 and tout low approval numbers but when they prop up a complete incompetent like Obama, 24/7, and his numbers dip as low they can only lie and make excuses.
I have an atty friend in the islands. He works full time and his gorgeous wife stays home. He is on a fixed and moderate salary for an attorney. He is also a cancer survivor and she has a myriad of problems. Both are around sixty.
Their insurance just went from a tough but affordable $600.00 per month to a disastrous $1,600.00 per month with much higher co pays.
They quite literally cannot afford to go out on Friday night for a beer thanks to o care. Multiply that story by millions like it and you have a fairly clear picture of the problem Dems have in November only I am not sure yet that some of them “get it”. They seem like lambs being led to the slaughter.
Anyway, my friends hate for Dems is white hot (no republican voted for o care) and they quite literally, no exaggeration, would not vote for a Dem for DOG CATCHER and they are pretty liberal. Neither EVER voted for zero.
The author apparently does not understand that the Great Recession was created by low rates which created a grossly inflated housing bubble which had to crash. The main effect of low rates is to discourage long term investment in favor of short term speculation. Most of the low rate money has gone into carry trades which create booms and busts in the rest of the world and destroy those economies and then ours. It is a giveaway to the big banks who do the carry trading. Most of the rest goes into funding political pork projects. We are literally printing money and giving it to politicians to spend. Most of those projects do not help long term economic growth but rather use up resources that are needed by the private sector.
I deal with these struggling young people everyday. I am a landlord of $525 a month apartments. Recently I lost a renter due to the government garnishing 75% of his full time wages( one of the few that have a job)so he could not pay his rent.
We tried to work out a payment plan but in the end he did not have enough money for life after the government seized 75% of his paycheck!! He and his wife and child are now on the streets.
> Dems have in November only I am not sure yet that some of them “get it”. They seem like lambs being led to the slaughter.
I hope it is an epic slaughter come November. We are going to post people at the polls to watch or illegal voter activity to document it and take notes. I recommend that every polling place has voting integrity checkers come November.
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