March 24, 2010
— Purple Avenger Hoax and Chains, Whips, and Double Dips!
Last month, we reported in our Q4 Real Estate Market Reports that five of the 143 markets we covered were in the throes of a “double dip,” meaning home values showed sustained monthly increases sometime during the year, but have been falling again, for at least five months in a row, on a month-over-month basis.So, now we see why BofA is trying to forestall strategic defaults with their 30% off principal "deal". How this situation is going to change anytime soon now that ObamaCare's new taxes and increasing HC premium costs are going to be sucking thousand of dollars more per year out of the people who might have been in a position to buy a new place remains a mystery.Some additional markets were on the double-dip watch list. Home values, measured by the Zillow Home Value Index, were falling after earlier increases, but the falls hadn’t yet gone on long enough to constitute a real trend.
One month later, and 12 markets have made it onto the official double-dip list. The Providence, R.I. and Boulder, Colo. metropolitan statistical areas (MSAs) are among them.
The watch list has shrunk a bit, as many markets that were on it last month sunk firmly into double dip territory after January. Ten markets, including the Boston and Denver MSAs, seem poised for a double dip. HereÂ’s the full list
1) Less disposable incomeMaybe we just need sheriff Joe to "fine tune" the specifics of Step 2.
2) ???
3) New house!
Posted by: Purple Avenger at
09:49 PM
| Comments (175)
Post contains 274 words, total size 2 kb.
Posted by: Bruce Springsteen at March 24, 2010 09:56 PM (dNMTO)
Maybe this will be the market correction that has been thirty years in the making. Long term, that could actually be OK for the country.
I feel sorry for everyone with home equity that had other plans for it.
That last part can be personally devastating.
Posted by: Jim in San Diego at March 24, 2010 09:57 PM (F09Uo)
Posted by: Obama at March 24, 2010 09:57 PM (giqNY)
Navin R. Johnson's economic advisors from the movie The Jerk now work for the White House. Here is a transcript of their last meeting with Obama:
Econ Whiz 1: If your initial investment is a half a trillion dollars and your dealerships and banks are up in March, you should have "X" amount of dollars rolling in by the end of this year.
President Obama: Ah, "X" amount. That's very good isn't it?
Econ Whiz 2: Not only that, you can depreciate the entire company for the full amount!
President Obama: Depreciate! Hum, very good. I like that.
Posted by: Obama at March 24, 2010 10:21 PM (giqNY)
Solid B+
It would have been an A, but CASH FOR CLUNKERS cost $24,000.00 per car.
To review. It cost $19,500 for each car that we subsidized.
The customer got $4,500, GOVERNMENT COSTS WERE $19,500 @ CAR.
Lets have GOVERMENT DO...HEALTH CARE FOR CLUNKERS!!!
It will REDUCE THE DEFICIT!!!!! RIGHT??
Posted by: gus at March 24, 2010 10:35 PM (MaqIC)
We have a lot of suffering to do untill November. And even then the joy will be short lived.
Sigh, I'm trusting that Republicans will have the strength to thwart this sustained attack against our country?
What a fucking mess.
Posted by: Naan at March 24, 2010 10:35 PM (j5MTj)
Has anyone read the communist manifesto for kicks?
You'll puke. What is happening right now is exactly what Marx details needs to happen during the 'prolitariate revolution'.. He even explains that during the overthrow of the upper class system (uhh.. the people who run our economy and keep us out of the dark ages), the economic times will seem unreasonable or unsustainable.
Obama is using Marx as a manual. no shit my friends.
Scary thing is, even marx didn't quite understand what exactly would replace the economic engine that it was trying to destroy. This mans writings have caused the deaths of near 100 million. He's no doubt the most overrated person ever. A phoney intelectual who couldn't hold a job himself. Even Marx in his lifetime denounced french workers parties using his writings... calling them 'mindless sloganeers'. I doubt even he could fathom entire countries following him.
It truley is the underwear gnomes system.
1. Destroy our current society
2. ????
3. Utopia!!
Obama is a mindless marxist and is our enemy.
Posted by: Little Orenthal at March 24, 2010 10:46 PM (9vQ7f)
Posted by: Benson at March 24, 2010 10:50 PM (qzcNU)
Posted by: fluffy at March 24, 2010 10:56 PM (SwkdU)
It truley is the underwear gnomes system.
1. Destroy our current society
2. ????
3. Utopia!!
Obama is a mindless marxist and is our enemy.
Posted by: Little Orenthal at March 25, 2010 02:46 AM (9vQ7f)
What you don't know really can hurt you.Democratic Socialists of America Link
Q: How many members of the 111th U.S. Congress are also members of the DSA?
A: Seventy!
DSA
Obama was part of what was called the New Party
"New Party members won three other primaries this Spring in Chicago: Barack Obama (State Senate), Michael Chandler (Democratic Party Committee) and Patricia Martin (Cook County Judiciary). The paper quoted Obama saying "these victories prove that small 'd' democracy can work."
The New Party was a radical left organization, established in 1992, to amalgamate far left groups and push the United States into socialism by forcing the Democratic Party to the left. It was an attempt to regroup the forces on the left in a new strategy to take power, burrowing from within. The party only lasted until 1998, when its strategy of "fusion" failed to withstand a Supreme Court ruling.
Posted by: sharrukin at March 24, 2010 11:00 PM (593B8)
Posted by: 4thGenerationBuck at March 24, 2010 11:26 PM (uUoN/)
Posted by: politicalmuse at March 25, 2010 12:10 AM (kLKnf)
Posted by: Sometimes Malvert Pee Red at March 25, 2010 12:23 AM (oY0GL)
Posted by: Sometimes Malvert Pee Red at March 25, 2010 12:32 AM (oY0GL)
Posted by: Comrade Arthur at March 25, 2010 12:34 AM (7aq/K)
Posted by: Bill H at March 25, 2010 12:53 AM (q8CmE)
Posted by: Flavius Julius at March 25, 2010 01:44 AM (IrdrP)
Investment strategies that might work:
1. Send letters to Nigeria
2. Buy land in Utah, salt with gold flakes - syndicate
3. Ponzi scheme involving carbon tax credits
4. Online diploma mill for physicians assistants to meet diversity quotas
5. Piracy, if it works in the Gulf of Aden - why not the Caribbean?
6. Open a "community" bank, file for bailout
Posted by: Jean at March 25, 2010 01:48 AM (CPefM)
Posted by: John S at March 25, 2010 02:21 AM (ooFtI)
"Rules Committee Chairwoman Louise Slaughter (D-N.Y.) received a message saying snipers were being deployed to kill children of those who voted for health care overhaul."
What gives with the FBI in closed door meeting with the Congressional Democrats, as if the Congressional Republicans are the enemy?
Posted by: maverick muse at March 25, 2010 02:51 AM (H+LJc)
She get that message from the same people that shouted racial epithets and spit on the black congresscritters? I'm calling bullshit until I see verifiable proof of this. I don't take any one of those bastards in congresses word for anything. Especially shit like this.
Posted by: Unclefacts, Purveyor of Fine Meteors at March 25, 2010 03:02 AM (erIg9)
The only double dippin' I'm doing is on this upcoming November 2 nd at about 10 PM when Brian Williams says we threw a tantrum.
Posted by: Knaws at March 25, 2010 03:09 AM (87inA)
Posted by: Buffalo geriatric wearing her sisters dentures at March 25, 2010 03:18 AM (4Kl5M)
There is a huge difference for everyone between having home prices stabilize and remain that way for a long time, compared to having a massive sunk cost get turned into vapor. Not everyone bought their house with disaster prone 0% down loan. Honest people who worked hard to establish good credit and save up a substantial sum for the down are getting hit pretty hard. They can live without having any profit potential in their home but having the value drop well below what you've already spent and still owing plenty more is a bitter thing to taste.
OTOH, I'm amazed at the number of whiners who bought during a ridiculously inflated market instead of biding their time, renting something smallish while saving up money for a serious down payment when the market corrected.
Posted by: epobirs at March 25, 2010 03:28 AM (Bk4z/)
The government spent decades trying to make housing affordable, which made the housing market unaffordable. Now that the market is trying to make housing affordable, the government is trying desperately to keep it unaffordable.
Posted by: Deadalus Mugged at March 25, 2010 03:41 AM (78Fe/)
Similar to what Oboz is now doing, as Dingell said "to control the people".
Posted by: bill-tb at March 25, 2010 03:43 AM (y+QfZ)
Posted by: RM at March 25, 2010 03:53 AM (1kwr2)
It is getting more and more disapointing to watch CNBC, I mean when something is logical and makes sense and you deny it, then what does that say about you and your channel?
McCain going to be on Squawk box at 8:30 to discuss the "political fight of his life">
Posted by: curious at March 25, 2010 04:00 AM (p302b)
They can live without having any profit potential in their home but having the value drop well below what you've already spent and still owing plenty more is a bitter thing to taste.
Well, they have to live somewhere, and they'll likely have more living space and quiet than in a similarly priced (in terms of monthly payment) apartment.
And if BoA is their mortgage holder, they can knock off 30% on their principal. Bonus!
Posted by: I R A Darth Aggie at March 25, 2010 04:01 AM (kay6f)
Posted by: RobD at March 25, 2010 04:03 AM (wGIVf)
now the thug is on his way to iowa
why is he spending our money “campaigning”? ’cause this is nothing but a campaign tour….
i woul wear t-shirts that say: no means noÂ…
you raped the constitutionÂ…pay the price
Posted by: FLGirl at March 25, 2010 04:03 AM (sunrw)
Posted by: kill the bill at March 25, 2010 04:06 AM (ucq49)
Interesting news. I so hate interesting news these days...
So, soon it will be campaign season. It is possible that after campaign season we could find the R's presiding over this mess, at least in the legislative branch. My question is, aside from taking advantage of the fact that the D's have gone full-retard, what are our guys proposing to support private industry/business and spur job growth? Do any of the leaders have an alternate program that makes any sense? Or are they planning to watch in silent horror, maintaining some kind of status quo, as things continue to swirl down the toilet?
Deficit reduction is vital, and I hope they can manage it, but it is NOT a cure all. It doesn't bring companies back to the US, and while it will slow the destruction of American business, it will not automatically start to restore it.
Do they have any clear plans to destroy the idea of cap and trade, and expand energy production? Do they plan to remove barriers to manufacturing production? Rein in the EPA? What about the currency manipulation and export subsidies of our so-called trade partners? How about sealing the borders and exporting our illegal excess low-skill labor capacity back to its point of origin? How about slowing remittances by foreigners working in the US, which drains our economy of 30 billion+ dollars per year plus the loss of the multiplier effect of those billions?
In short, do our guys have a plan? Or will they go back to their standard tactic of sitting around with their thumbs up their asses?
Posted by: Reactionary at March 25, 2010 04:08 AM (xUM1Q)
Posted by: UGrev at March 25, 2010 04:11 AM (862vz)
Posted by: CDR M at March 25, 2010 04:13 AM (cvmTR)
Posted by: the artist formerly known as dr kill at March 25, 2010 04:14 AM (w9bVp)
Posted by: CDR M at March 25, 2010 04:14 AM (cvmTR)
Posted by: Gromit at March 25, 2010 04:15 AM (43zb6)
Posted by: dr kill at March 25, 2010 04:16 AM (w9bVp)
50 I call BS on that Slaughter threat. Most whack jobs are not going to say "we are deploying snipers". They are more likely to say I have a rifle and I am going to shoot you.
Agreed. If she got an e-mail or voice mail with that threat, let her produce it. It wouldn't be hard to fake either, but since she didn't produce the evidence of this threat with her initial claim, than I call BS too.
Posted by: Kratos (missing from the side of Mt Olympus) at March 25, 2010 04:16 AM (9hSKh)
Posted by: CDR M at March 25, 2010 08:13 AM (cvmTR)
Or say nothing at all and just do it. Like they say - watch out for the dog that doesn't bark. I'm not going to endorse lawbreaking, but in cases like this I'm not going to go out of my way to watch and report, either. I have no pity for traitors, nor any enmity toward those who bring traitors down.
Posted by: Reactionary at March 25, 2010 04:16 AM (xUM1Q)
Posted by: rapid deployment striper sniper at March 25, 2010 04:18 AM (4Kl5M)
Posted by: CDR M at March 25, 2010 04:18 AM (cvmTR)
Posted by: CDR M at March 25, 2010 04:19 AM (cvmTR)
Posted by: FLGirl at March 25, 2010 04:20 AM (sunrw)
Where's the Flamer Skull?!?!?!?
the Republicans are forcing another vote!!!
Fuck you, Democrats --- you baby-killing cockticklers!
Posted by: This is Candygram...Plumber...Landshark at March 25, 2010 04:20 AM (197O/)
Posted by: Rahm Emanuel, White House Strategist at March 25, 2010 04:21 AM (GwPRU)
Just got a contract on my house this am - WOOT!
I have equity, which is going into gun, gold, and seeds!
Posted by: blaster at March 25, 2010 04:21 AM (su3hy)
59 I think Slaughter has been watching too much TV. Deploying snipers my ass.
Or she's been playing an RTS game where there's a command to "deploy snipers".
/Any chance she'll be voted out this November?
Posted by: Kratos (missing from the side of Mt Olympus) at March 25, 2010 04:21 AM (9hSKh)
Warning: Fox News
Posted by: rapid deployment striper sniper at March 25, 2010 08:18 AM
(4Kl5M)
Gracias Amigo!
Posted by: CDR M at March 25, 2010 04:21 AM (cvmTR)
Morons, assemble!
Call all the Republicans, pretend you're moonbats, and call them PLANET-KILLERS!!!
Posted by: This is Candygram...Plumber...Landshark at March 25, 2010 04:22 AM (197O/)
/Any chance she'll be voted out this November?
Posted by: Kratos (missing from the side of Mt Olympus) at March 25,
2010 08:21 AM (9hSKh)
She should be safe in NY but if the Health Care bill starts to kill more jobs in NY, maybe not.
Posted by: CDR M at March 25, 2010 04:22 AM (cvmTR)
Posted by: This is Candygram...Plumber...Landshark at March 25, 2010 04:26 AM (197O/)
Fucking Al Qaeda gets better press coverage than the Tea Partys. So she knows she can spout any nonsense and it will be reported as fact.
Posted by: Mal at March 25, 2010 04:27 AM (Z+qzA)
Posted by: CDR M at March 25, 2010 04:27 AM (cvmTR)
Posted by: This is Candygram...Plumber...Landshark at March 25, 2010 04:30 AM (197O/)
Posted by: CDR M at March 25, 2010 04:32 AM (cvmTR)
Obama Aides Meet With Senate Dems to Map April Strategy for Climate Bill
The assault on the economy goes on!
Posted by: this is a big fucking deal at March 25, 2010 04:32 AM (ucq49)
Posted by: This is Candygram...Plumber...Landshark at March 25, 2010 04:35 AM (197O/)
Posted by: Russ DeKuyper, deployed sniper at March 25, 2010 04:36 AM (4Kl5M)
So much country to destroy so little time.
Posted by: Mal at March 25, 2010 04:36 AM (Z+qzA)
Posted by: Quilly Mammoth at March 25, 2010 04:37 AM (KNbkf)
Posted by: This is Candygram...Plumber...Landshark at March 25, 2010 04:37 AM (197O/)
442,000 down 14,0000
four week moving average lowest since September 2008
down 11,000 to 453, 750
4.648M VS. 4.702M Prior week
They are going to start counting the census workers this month
Posted by: curious at March 25, 2010 04:41 AM (p302b)
James Cameron said he wants to shoot global-warming deniers in the street.
Time and place bitch.
Posted by: Unclefacts, Purveyor of Fine Meteors at March 25, 2010 04:41 AM (erIg9)
Posted by: robtr at March 25, 2010 04:43 AM (fwSHf)
Posted by: ford at March 25, 2010 04:45 AM (Ki7fm)
It's pretty funny when Hollywood pussies talk tough.
Posted by: Mal at March 25, 2010 04:45 AM (Z+qzA)
Posted by: dagny at March 25, 2010 04:46 AM (ClTG+)
It's pretty funny when Hollywood pussies talk tough.
...and are never held accountable or apologize.
But if I leave an angy non-threatening message on a Democrat's voicemail...
Posted by: This is Candygram...Plumber...Landshark at March 25, 2010 04:48 AM (197O/)
Posted by: dagny at March 25, 2010 04:48 AM (ClTG+)
Posted by: Jean at March 25, 2010 04:48 AM (OlnxK)
Bueller...?
Posted by: nickless at March 25, 2010 04:49 AM (MMC8r)
Posted by: CDR M at March 25, 2010 04:49 AM (cvmTR)
Posted by: This is Candygram...Plumber...Landshark at March 25, 2010 04:51 AM (197O/)
Bueller...?
Posted by: nickless at March 25, 2010 08:49 AM (MMC8r)
Nope, the media narrative is those evil Republicans are delaying the fixes to the Health Care bill and denying poor kids a chance at a overpriced college education. Nevermind that social security is in the red THIS YEAR but let's go ahead with this health care bill.
Posted by: CDR M at March 25, 2010 04:51 AM (cvmTR)
Posted by: ford at March 25, 2010 04:52 AM (Ki7fm)
79 James Cameron said he wants to shoot global-warming deniers in the street.
Hollywood tough-guy. And typical liberal - he hates any points of view but his own.
Posted by: Kratos (missing from the side of Mt Olympus) at March 25, 2010 04:52 AM (9hSKh)
now the thug is on his way to iowa
why is he spending our money “campaigning”? ’cause this is nothing but a campaign tour….
i woul wear t-shirts that say: no means noÂ…
you raped the constitutionÂ…pay the price
You won't get within miles of his little preplanned photo op rally I'm quite certain. No, they'll do this the same way they've handled all of these little trips of late, the only people there will be there on an invite only basis.
If your not a Democratic party supporter or an SEIU member they bussed in from the 6th circle of Hell (or whereever it is they seem to bus these people in from) then your not getting anywhere near this rally, and even if you do get an extremely sizeable protest you won't get an ounce of news coverage for it, because as the lame stream media will tell you everyone who matters just loves ObamaCare and anyone who doesn't is just a racist malcontent.
Posted by: StuckOnStupid at March 25, 2010 04:52 AM (e8T35)
Posted by: curious at March 25, 2010 08:41 AM (p302b)
What census workers? All I got was a multiple choice test and a postcard.
Posted by: CDR M at March 25, 2010 04:53 AM (cvmTR)
Just got a contract on my house this am - WOOT!
I have equity, which is going into gun, gold, and seeds!
Posted by: blaster at March 25, 2010 08:21 AM (su3hy)"
The only way you can truly celebrate is if they are paying cash. Otherwise, if they need a mortgage then you need to worry about the appraisal and if they can get a mortgage. The rules of the game have changed. Know lots of people with good credit who would have gotten a mortgage two years ago who are having enormous trouble getting a mortgage now.
Posted by: curious at March 25, 2010 04:53 AM (p302b)
Posted by: Dan Rather State Trooper at March 25, 2010 04:54 AM (6SGWt)
Sex offenders get Viaga under this health care plan. DemonRATS defeated Coburn's attempt to repeal this inclusion.
Question: Why do Democrats want sex offenders to have Viaga?
Posted by: torabora at March 25, 2010 04:54 AM (zMVot)
Posted by: ford at March 25, 2010 04:55 AM (Ki7fm)
The only way you can truly
celebrate is if they are paying cash. Otherwise, if they need a
mortgage then you need to worry about the appraisal and if they can get a
mortgage. The rules of the game have changed. Know lots of people
with good credit who would have gotten a mortgage two years ago who are
having enormous trouble getting a mortgage now.
Posted by: curious at March 25, 2010 08:53 AM (p302b)
Yeah, I'm sweating my appraisal right now. Day 3 of waiting for the results. Good news is my neighbor sold his a few houses down from me and it sold for more per sqaure feet than mine did.
Posted by: CDR M at March 25, 2010 04:56 AM (cvmTR)
"Question: Why do Democrats want sex offenders to have Viaga?"
They don't want to be the only ones committing rape-rape
Posted by: Whoopi at March 25, 2010 04:56 AM (ucq49)
James Cameron said he wants to shoot global-warming deniers in the street.
Won't gunning down millions of people in the street cause a lot of harmful carbon dioxide to be released into the air and just exacerbate the problem? ROTFL.. man, what an idiot this guy is. Maybe he should head down to Venezuela and hang out with Chavez and Sean Penn.
That way he could actually make buddies with Chavez, who I'm sure would be more than happy to execute a few guys for him for denying global warming, just as he's been more than happy to execute reporters who point out he's a thug and a dictator rather than a democratically elected leader of anything.
Posted by: StuckOnStupid at March 25, 2010 04:57 AM (e8T35)
Posted by: halfdeadhuman at March 25, 2010 04:57 AM (8gp01)
Clyburn....the Republicans are the NEW terrorists!!!
Ok, but if were all terrorist now does that mean we all get free legal representation and big screen TV's? Don't have much use for a copy of the Quran myself...
Posted by: StuckOnStupid at March 25, 2010 04:58 AM (e8T35)
Posted by: Maureen Dowd at March 25, 2010 04:59 AM (Ki7fm)
Posted by: curious at March 25, 2010 04:59 AM (p302b)
95 I missed why it is going back to the house. What amendment did they get passed?
If they didn't pass no viagra, I can't figure out what they would pass.
Posted by: dagny at March 25, 2010 04:59 AM (ClTG+)
Posted by: Russ DeKuyper, deployed sniper at March 25, 2010 04:59 AM (4Kl5M)
Clyburn....the Republicans are the NEW terrorists!!!
Ok, but if were all terrorist now does that mean we all get free legal representation and big screen TV's? Don't have much use for a copy of the Quran myself...
Posted by: StuckOnStupid at March 25, 2010 08:58 AM (e8T35)
I could use one- the Sears catalog in the outhouse is almost gone.
Posted by: Nighthawk at March 25, 2010 05:00 AM (OtQXp)
Yet I don't remember any laws saying you couldn't criticize them and my friend is saying there are new laws saying you can criticize them or take their pictures.
Yeah, a new law. We borrowed the language from the soviets er chinese er north koreans
Posted by: dagny at March 25, 2010 05:01 AM (ClTG+)
Posted by: crystal grannie at March 25, 2010 05:01 AM (Ki7fm)
Posted by: CDR M at March 25, 2010 05:01 AM (cvmTR)
Posted by: Jean at March 25, 2010 05:02 AM (7K04W)
I could use one- the Sears catalog
in the outhouse is almost gone.
Posted by: Nighthawk at March 25, 2010 09:00 AM (OtQXp)
Let me guess, the bra and panty pages are the ones that are left!
Posted by: CDR M at March 25, 2010 05:03 AM (cvmTR)
Posted by: Russ DeKuyper, deployable sniper at March 25, 2010 05:03 AM (4Kl5M)
The sex offenders are unionized and Democrats need their votes.
Posted by: Bruce Springsteen at March 25, 2010 05:03 AM (NA96o)
Posted by: BlackOrchid at March 25, 2010 05:04 AM (SB0V2)
Posted by: crystal grannie at March 25, 2010 05:05 AM (Ki7fm)
Posted by: Jean at March 25, 2010 05:05 AM (7K04W)
Posted by: Andy Rand at March 25, 2010 08:49 AM (mhD2v)
I hear your short bus beepin'
Posted by: Unclefacts, Purveyor of Fine Meteors at March 25, 2010 05:05 AM (erIg9)
Posted by: Jean at March 25, 2010 05:06 AM (pIKTP)
Posted by: biscuiteater at March 25, 2010 05:06 AM (8gp01)
Posted by: crystal grannie at March 25, 2010 05:07 AM (Ki7fm)
Posted by: BlackOrchid at March 25, 2010 05:07 AM (SB0V2)
Yet I don't remember any laws saying you couldn't criticize them
Well, there was that whole McCain-Feingold thing that made it illegal for non-LSM folk to criticize McCain and his friends (other incumbents) 60 days from an election. To be fair, though, I don't think they used fabricated death threats as a reason to get that passed. They just didn't like criticism from the unwashed if it could hurt their re-election chances.
Posted by: Cautiously Pessimistic at March 25, 2010 05:07 AM (pZEar)
Where was this crazy person when I was trying to unload my phat Wellington crib and lost a bundle.
Posted by: Bruce Springsteen at March 25, 2010 05:07 AM (NA96o)
Posted by: Russ DeKuyper, dead eye sniper at March 25, 2010 05:07 AM (4Kl5M)
Make your house mo expensive, put you in a higher tax bracket, and fuck up the value of your retirement savings.
It the plan, live with it.
Posted by: Bernie" Madoff" Bernanke at March 25, 2010 05:08 AM (2+9Yx)
Quite literally, that is all he knows. He's always hung around radical Leftists who do the actual work. Obama is the "articulate" front man to put a smiley face on Marxism. The nation is finally waking up to the undeniable.
Posted by: AnonymousDrivel at March 25, 2010 05:08 AM (vkD1G)
Posted by: Jean at March 25, 2010 05:09 AM (7K04W)
Used toilet paper gets more scrutiny than this clusterfuck did.
Posted by: Purple Avenger at March 25, 2010 05:10 AM (NA96o)
Comrades all is well with the economy
March 25 (Bloomberg) -- Initial jobless claims fell to the lowest level in six weeks as the rebound in the economy encourages companies to make fewer cuts in payrolls.
First-time jobless applications declined by 14,000 to 442,000 in the week ended March 20, lower than anticipated, Labor Department figures showed today in Washington. The number of people receiving unemployment increase decreased, and those getting extended benefits also fell.
See comrades, there are less of you to lay off and more of you have run out of benefits so all is well with the economy all thanks to Comrade Chairman Obama.
Posted by: TheQuietMan at March 25, 2010 05:10 AM (1Jaio)
Posters here caught that immediately.
He had passed the "all children get health coverage bill" and then he passed this and then....people found out about the 2014 for pre existing conditions and asked "wait aren't ALL kids covered under that bill he passed at the very beginning?" Seems both bills missed the mark completely.
Posted by: curious at March 25, 2010 05:10 AM (p302b)
Posted by: Russ DeKuyper, marquis sniper at March 25, 2010 05:11 AM (4Kl5M)
Posted by: BlackOrchid at March 25, 2010 05:11 AM (SB0V2)
Let me guess, the bra and panty pages are the ones that are left!
Posted by: CDR M at March 25, 2010 09:03 AM (cvmTR)
if the kid next door hasn't gotten to 'em yet!
order 15 cents worth of parts from Mouser, Digikey, and McMaster they mail you three 500pg catalogs ea, a month, for the rest of your life.
Posted by: Jean at March 25, 2010 09:05 AM (7K04W)
That's how I heat my house!
Posted by: Nighthawk at March 25, 2010 05:12 AM (OtQXp)
Posted by: Jean at March 25, 2010 05:15 AM (tpEh1)
Posted by: curious at March 25, 2010 05:15 AM (p302b)
Control the House and you control the financing. Control of that spigot would be HUGE right now. That would provide great relief to our economy and the remaining capitalists. It could halt the Obamanation in its tracks. From there the conservatives could start choking Obama's progressivism until reinforcements arrive in 2012.
Posted by: AnonymousDrivel at March 25, 2010 05:16 AM (vkD1G)
Posted by: Purple Avenger at March 25, 2010 05:18 AM (NA96o)
Posted by: BlackOrchid at March 25, 2010 05:18 AM (SB0V2)
Posted by: beerologist at March 25, 2010 05:21 AM (tgXx6)
Citigroup Inc. plans to let homeowners on the verge of foreclosure stay in their homes for six months - if they turn over the deed to their property.
Borrowers in Citi's program will still need to pay their utility bills. But Citi will pay at least $1,000 in relocation costs and will consider helping out with other expenses. Citi also plans to provide relocation counseling.
Posted by: Warden at March 25, 2010 05:25 AM (TIGTh)
There's "I-Bonds".
They are still selling them, but there's an extremely low $5,000 total limit on how much you could buy in a year. Gee, why might that be?
Posted by: Purple Avenger at March 25, 2010 05:25 AM (NA96o)
Posted by: curious at March 25, 2010 09:15 AM (p302b)
B+rry's crew brags on their recidivism rate. Unlike Commiefornia's (which has the world's worst) this relapse leads to dead American GI's. These people running this show are traitors.
Posted by: torabora at March 25, 2010 05:25 AM (zMVot)
Posted by: Jean at March 25, 2010 05:30 AM (tpEh1)
Posted by: Jean at March 25, 2010 05:33 AM (tJF9l)
PA, I didn't know that you were an old Martin Mull fan!
Posted by: TexasJew at March 25, 2010 05:35 AM (sRMIs)
Posted by: BlackOrchid at March 25, 2010 05:35 AM (SB0V2)
Don't know. I never bother looking at them until recently.
Posted by: Purple Avenger at March 25, 2010 05:35 AM (NA96o)
What......?
Posted by: buster mcdissenter at March 25, 2010 05:35 AM (SIeSs)
Posted by: Jean at March 25, 2010 09:33 AM (tJF9l)
Probably the banks know if they can forclose they can sell it for more than what is owed when inflation kicks in. It's not much of a gamble when you factor in the B+rry Bucks. Plus, the banksters can sit on the loans while they get TARP money....a program that is now permanent. Crony capitalism at its finest. Bush had nothing on these people.
Posted by: torabora at March 25, 2010 05:37 AM (zMVot)
Posted by: flavius at March 25, 2010 05:42 AM (URROE)
Posted by: palin steele at March 25, 2010 05:44 AM (bN5ZU)
The call is coming from inside the house!
Posted by: AmishDude at March 25, 2010 05:47 AM (T0NGe)
Posted by: palin steele at March 25, 2010 09:44 AM (bN5ZU)
Dummy? Are you really back? My favorite troll punching bag!
Posted by: Unclefacts, Purveyor of Fine Meteors at March 25, 2010 05:47 AM (erIg9)
Well, cardboard boxes under a bridge certainly are "affordable". I'll give you that.
Posted by: Purple Avenger at March 25, 2010 05:53 AM (NA96o)
Posted by: fluffy aluminum at March 25, 2010 05:57 AM (4Kl5M)
Posted by: volfan at March 25, 2010 06:01 AM (47eG6)
Posted by: Deathknyte at March 25, 2010 06:05 AM (n7wSO)
Posted by: Jean at March 25, 2010 06:10 AM (OlnxK)
With people paying less for healthcare and being more productive at work because they're not sick and money going into their pockets instead of fat cat bankers dont you think affordable housing with be within reach of all??!??!
Rotflmao - Ok, where do you even start with this lunacy? Well, first of all this monstrosity will most definately not have people paying less for healthcare. When you increase taxes on medical equipment that means hospital costs go up, no down. If hospital costs go up, they in turn charge more for their services, not less. If hospitals charge more, they pass that cost along to the insurance companies, who in turn raise their rates.
It's simple math their genius. Now add to that the fact that insurance companies will have to start issuing polices to people after they find out that they already have a huge, costly, expensive medical condition and guess what, insurance prices go up even more.
And blaming the "fat cat bankers" for the housing crisis is astoundingly ignorant. Think about it einstien. If you own a bank, would you loan money to someone who you were pretty sure wouldn't be able to pay it back? Of course not, that would be stupid. So, the only way you'd loan somebody like that money is if the government forced you to, citing some idiotic notion of social justice.
Now that your stuck with all this bad paper, you can either eat the cost yourself or try to sell it off. Most decided to try to sell it off and minimize their losses. Shazam.. a few years of this nonsense and you have the housing crisis, thanks almost entirely to Barney Frank and his fellow Dem's providing all sorts of cover for Freddie and Fanny and their ridiculously dangerous business practices.
So, do the world a favor, pull your head out of your ass, move out of your mom's basement and get a real job. Then after a few years of paying outrageous amounts of the tax burden you might actually be somewhat qualified to speak on the subject.
If your that worried about someone else's healthcare or housing situation then crack open your own wallet and give them your own money for a change. Keep your filthy mitts off of mine.
Posted by: StuckOnStupid at March 25, 2010 06:29 AM (e8T35)
Market was overvalued for decades, this is just a necessary correction, no need worry, hey, look over there! It's an American Idol/ Dancing with the Stars contestant!
Posted by: shibumi at March 25, 2010 07:14 AM (OKZrE)
Posted by: Tattoo De Plane at March 25, 2010 07:27 AM (mHQ7T)
Ace,
You're missing the discussion about the upcoming peak in Alt-A and Option ARM loan rate resets that are going to cause a new peak in foreclosures like the sub-prime rate resets did. These two loans are similar to subprimes and take advantage of people with poor income and credit. If you're interested here is an article talking about it.
Posted by: Draki at March 25, 2010 09:03 AM (qMy25)
Posted by: orjin yüzbakým seti at March 05, 2011 10:54 AM (q3Ici)
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Posted by: Joey Hair Plugs at March 24, 2010 09:50 PM (tOzKE)