hypocritexposer
Well-known member
Reader, any idea what happens to all these home sales when the inflation/interest rates you just posted about in another thread kick in?
reader (the Second) said:aplusmnt said:Things are looking a little better for the short term. Ever since Obama started facing strong opposition the markets have rallied some.
You see when it looked like Obama would get what he wanted with no answering to anyone the Markets went down and sideways. Now that the Crap has hit the fan and the town halls have been a thorn in his side and the Democrats had to put off a vote for Health Care reform the markets have been going up!
To accurately comment about the Stock Market you have to have some basic knowledge of what makes it tick, otherwise you are just a kool-aid drinking cut and paster! :wink:
You all predicted disaster back in December and January. Market reaching 5000. Just admit you were wrong and don't make excuses.
I think we will see the market go back down again. My point is that it's not all doom and gloom.
I am sure that we agree about wanting an economically healthy stable United States. We may have disagreed about the stimulus package. We may disagree about whether we need a healthcare plan or not, but we do agree about wanting the United States to reverse the path of being indebted to China and running a huge deficit.
As you know, we went into the Bush administration in much better shape than we were at the end of his administration. That you have to admit.
I think however that don is correct that the U.S. needs to consider its longterm plan to change how it runs its and allows the stock markets and financial community to affect it.
Why the Stimulus Flopped
Under Obama, nothing is certain but death panels and taxes.
By Mark Steyn
The other day, wending my way from Woodsville, N.H., 40 miles south to Plymouth, I came across several “stimulus” projects — every few miles, and heralded by a two-tone sign, a hitherto rare sight on Granite State highways. The orange strip at the top said “PUTTING AMERICA BACK TO WORK” with a silhouette of a man with a shovel, and the green part underneath informed you that what you were about to see was a “PROJECT FUNDED BY THE AMERICAN RECOVERY AND REINVESTMENT ACT.” There then followed a few yards of desolate, abandoned, scarified pavement, followed by an “END OF ROAD WORKS” sign, until the next “stimulus” project a couple of bends down a quiet rural blacktop.
I don’t know why one of the least fiscally debauched states in the Union needs funds from “the American Recovery and Reinvestment Act” to repair random stretches of highway, especially stretches that were perfectly fine until someone came along to dig them up in order to access “stimulus” funding. I would have asked one of those men with a shovel, as depicted on the sign, but there were none to be found. Usually in New Hampshire, they dig up the road, and re-grade or repave it, while the flagmen stand guard until it’s all done. But here a certain federal torpor seemed to hang in the eerie silence.
Still, what do I know? Evidently, it’s stimulated the sign-making industry, putting America back to work by putting up “PUTTING AMERICA BACK TO WORK” signs every 200 yards across the land. And at 300 bucks a pop, the signage alone should be enough to launch an era of unparalleled prosperity, assuming America’s gilded sign magnates don’t spend their newfound wealth on Bahamian vacations and European imports. Perhaps if the president were to have his All-Seeing O logo lovingly hand-painted onto each sign, it would stimulate the economy even more, if only when they were taken down and auctioned on eBay.
Meanwhile, in Brazil, India, China, Japan, and much of continental Europe the recession has ended. In the second quarter this year, both the French and German economies grew by 0.3 percent, while the U.S. economy shrank by 1 percent. How can that be? Unlike America, France and Germany had no government stimulus worth speaking of, the Germans declining to go the Obama route on the quaint grounds that they couldn’t afford it. They did not invest in the critical signage-in-front-of-holes-in-the-road sector. And yet their recession has gone away. Of the world’s biggest economies, only the U.S., Britain, and Italy are still contracting. All three are big stimulators, though Gordon Brown and Silvio Berlusconi can’t compete with Obama’s $800 billion porkapalooza. The president has borrowed more money to spend to less effect than anybody on the planet.
Actually, when I say “to less effect,” that’s not strictly true: Thanks to Obama, one of the least indebted developed nations is now one of the most indebted — and getting ever more so. We’ve become the third most debt-ridden country after Japan and Italy. According to last month’s IMF report, general government debt as a percentage of GDP will rise from 63 percent in 2007 to 88.8 percent this year and to 99.8 percent of GDP next year.
Of course, the president retains his formidable political skills, artfully distracting attention from his stimulus debacle with his health-care debacle. But there are diminishing returns to his serial thousand-page trillion-dollar boondoggles. They may be too long for your representatives to bother reading before passing into law, but, whatever the intricacies of Section 417(a) xii on page 938, people are beginning to spot what all this stuff has in common: He’s spending your future. And by “future” I don’t mean 2070, 2060, 2040, but the day after tomorrow. Democrats can talk about only raising taxes on “the rich,” but more and more Americans are beginning to figure out what percentage of them will wind up in “the richest 5 percent” before this binge is over. According to Gallup, nearly 70 percent of Americans now expect higher taxes under Obama.
But the silver-tongued salesman sails on. Why be scared of a government health program? After all, says the president, “Medicare is a government program that works really well,” and if “we’re able to get something right like Medicare,” we should have more “confidence” about being able to do it for everyone.
On the other hand, says the president, Medicare is “unsustainable” and “running out of money.”
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http://article.nationalreview.com/?q=NTVlMjkwZmNlNDNhZGYxMDFjMDkyZDRiNDY1ZmQzZWI=