Horrible News For Anti-Obamaniacs. Economy Is Improving!

Devil505 wrote:"This is another step in that (banks) are about to report earnings that are not a disaster and are creeping into the black," said Bruce Zaro, chief technical strategist at Delta Global Advisors in Boston.

I would be in the black too, if someone gave me billions in bailouts.

coaledsweat wrote:

Devil505 wrote:"This is another step in that (banks) are about to report earnings that are not a disaster and are creeping into the black," said Bruce Zaro, chief technical strategist at Delta Global Advisors in Boston.

I would be in the black too, if someone gave me billions in bailouts.

Hmmmm ..I've seen your checkbook coaledsweat.........No you wouldn't!

Devil505 wrote:

av8r wrote:I'm just not willing to be brainwashed by the directed media.

Is the Wall Street Journal part of the "directed media" you worry about??

I don't expect you to get it or admit that you get it.

Devil505 wrote:

Yanche wrote:My daughter is one of those new home buyers. She and her boyfriend are buying a brand new house. First house for her but third one for him. They have put off getting married because being single allows her to qualify for the $8K credit. Thank you tax payers. Can they afford it? Absolutely. Instead of having to spend their $8K on the house they will be spending it on carefully chosen new items for the house. Their own contribution to the economic stimulus. Is all the new printed money going to turn things around? Who knows, but this is the first time a significant government gift has helped anyone I know.

Good for them Yanche!!

Nice to see some of our tax dollars helping someone besides Exxon-Mobil, Haliburton, Blackwater, KBR et al.....for a change!

It's their money in the first place for God's Sake!!

Devil505 wrote:

av8r wrote:I'm just not willing to be brainwashed by the directed media.

Is the Wall Street Journal part of the "directed media" you worry about??

Economists See a Rebound in September
By PHIL IZZO
Economists in the latest Wall Street Journal forecasting survey expect the recession to end in September, though most say it won't be until the second half of 2010 that the economy recovers enough to bring down unemployment.
http://online.wsj.com/article/SB123921340472201877.html

Are these the same experts who claimed the housing bubble wasn't going to pop and were calling bottoms at 10k? Stop talking about the economy Devil. You demonstrated numerous times that you have no grasp on the reality of things.

jpete wrote:Stop talking about the economy Devil.

I'm not talking......I'm letting The Wall Street Journal do my talking. (hardly a Pro-Obama news organization)

Devil505 wrote:

jpete wrote:Stop talking about the economy Devil.

I'm not talking......I'm letting The Wall Street Journal do my talking. (hardly a Pro-Obama news organization)

So these same experts who stomped their feet and held their breath claiming there WAS NO recession. And then when it became painfully obvious that we WERE, had to go back and "revise" their numbers and admit that we have been in a recession for at least a year. Now they are calling for an end to the recession by September and you're all in on that forecast? You might want to find different people to do your talking for you Devil. I might be willing to do it. At least you'd have a little credibility.

People, people, people...

The economy always gets better...eventually. The questions are: How long will it take and by what measures has it improved?

As for the current stock market rally, Soros and others feel this is a sucker's rally. As for banking, money is beginning to move but not much. There are two bubbles breaking now: treasury notes and commercial real estate. One is pushing stocks upward and the other is pushing the balance sheets of banks and corporations down. The result is the stock market sucker's rally and, you can expect further slowdown in the economy.

The banks are showing profits because they have trimmed their expenses through merger and aquisition and some have failed and removed themselves from the playing field. That gives the others better assets and opportunities. Tarp funds have enabled banks to stop selling assets to pay their default obligations. The bleeding has been stopped as a result of Fed and Treasury action under both Bush and Obama.

The problem now is that we may be in a long period of stagnation. There is a lot of overvalued property debt to work off. That will take a considerable amount of time. It will be a drag on the economy for years. There is no way around it. All efforts are to spread it far and wide to lessen its effect and share the costs.

While I didn't feel this was the right approach, it will work...eventually. I preferred the crash and burn method. It would have delivered swifter justice to those who caused the problems. Under the Obama plan, everyone pays. The government could have spent its money restoring those who were innocent but received collateral damage. Instead, we saved the problem children and let the economy sink.

I would submit that the numbers are misleading. The Trillions in stimulus money being spent, will cause an uptick in all the economic indicators......until the money runs out. Then, I predict , we're in for it. Remember, Government doesn't create wealth,private industry does. In order to have a true economic recovery, the government needs to cut personal and corporate taxes, and let the system do what it does. The more government interference there is the worse they'll make things.

THIS IS *R E A L L Y* , *R E A L L Y * S I C K

Firstly, BARAMA could not be expected to turn around the economy in only THREE months!!!

THEN

When there is a upward blip YEAH BARAMA "YOU"RE OUR MAN!" WAY TO GO, You've fixed everything !

In the meantime He's been stumbling through the MID-EAST showing the distinct lack of Social Acumen to be expected of a Highly Educated Boy from the HOOD

And of course housing sales are up because people are gravitating to the home they can NOW afford.
These sales also include foreclosures, and short sales (sellers that are "upside-down")
A change in the "economy" DICTATES a change in residence...Duh !


Bob

just wish the color coordinator had kacki umbrellas

mikeandgerry wrote:People, people, people...

The economy always gets better...eventually. The questions are: How long will it take and by what measures has it improved?

As for the current stock market rally, Soros and others feel this is a sucker's rally. As for banking, money is beginning to move but not much. There are two bubbles breaking now: treasury notes and commercial real estate. One is pushing stocks upward and the other is pushing the balance sheets of banks and corporations down. The result is the stock market sucker's rally and, you can expect further slowdown in the economy.

The banks are showing profits because they have trimmed their expenses through merger and aquisition and some have failed and removed themselves from the playing field. That gives the others better assets and opportunities. Tarp funds have enabled banks to stop selling assets to pay their default obligations. The bleeding has been stopped as a result of Fed and Treasury action under both Bush and Obama.

The problem now is that we may be in a long period of stagnation. There is a lot of overvalued property debt to work off. That will take a considerable amount of time. It will be a drag on the economy for years. There is no way around it. All efforts are to spread it far and wide to lessen its effect and share the costs.

While I didn't feel this was the right approach, it will work...eventually. I preferred the crash and burn method. It would have delivered swifter justice to those who caused the problems. Under the Obama plan, everyone pays. The government could have spent its money restoring those who were innocent but received collateral damage. Instead, we saved the problem children and let the economy sink.

What they've done is prolonged and augmented the agony. We desperately needed a major reset. Problem is...the folks that allowed this to happen...that ignored the facts or were just too stupid to realize what was happening, are now the same people that millions are trusting to fix it. WTF...over? Common sense tells us that if you hire someone to run your business and the run it into the ground that you do not look to that person to bring you back to solvency. The foundation is so broken that it's just a matter of time before the whole house comes tumbling down. It is inevitable.

"Obama adviser sees additional job losses"

http://apnews.myway.com/article/20090414/D97I7AMG0.html

"Bankruptcies surge despite law meant to curb them"

http://apnews.myway.com/article/20090413/D97HRTNG2.html

I see in Spain they did a study, for every 1 green job created, they lost 2.2 jobs in another sector. In addition, over 80% of the green jobs turned out to be temporary at that. Sorry, no link, it was on TV last night.

coaledsweat wrote:I see in Spain they did a study, for every 1 green job created, they lost 2.2 jobs in another sector. In addition, over 80% of the green jobs turned out to be temporary at that. Sorry, no link, it was on TV last night.

WOW!! there is a big surprise. It doesnt take a genius to figure that out. No one wants this green *censored*. Only the liberal politicians who still believe in global warming. Shouldnt they be on to the next ice age freak soon anyway