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More good news......

by JP Bill / November 19, 2012 5:50 AM PST
Steady US housing recovery is boosting economy

Helping drive the housing rebound is growing confidence among builders. An index of builder sentiment compiled by the National Association of Home Builders/Wells Fargo builder rose to 46 this month, up from 41 in October. It was the highest reading since May 2006, just before the housing bubble burst.

Readings below 50 signal negative sentiment about the housing market. The index last reached that level in April 2006. Still, the index has been rising since October 2011, when it was 17. It's surged 27 points in the past 12 months, the sharpest annual increase on record.

A second report Monday said sales of previously occupied homes are near five-year highs, excluding temporary spikes in 2009 and 2010 when a homebuyer tax credit boosted purchases. Sales rose 2.1 percent in October to a seasonally adjusted annual rate of 4.79 million, the National Association of Realtors said.
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Hah, take that Rush Limbaugh and all the other looneys.
by Ziks511 / November 19, 2012 12:04 PM PST
In reply to: More good news......

John Boehner, whose name isn't pronounced Bayner except by him, and Mitch McConnell and every other Republican extremist. So glad, because housing really is the foundation of the economy, and its key indicator. I'm glad because it means that this agony for the people thrown out of work by Republican policies have a chance to try to pick up the pieces of their lives.

Gee, Obama's economics are clearly working, but if Romney had won, you'd all be praising him to the skies as the saviour of the American Economy.

It's Okay, I'll wait for you to take a drink of water and brush your teeth before you say, "We were all wrong and things really are improving." I know it's an effort to reverse course, and come to the realization that everything you believed was wrong, and admitting wrong is very difficult and distasteful, but it is necessary if you're going to move on.



There is a new book, released this month, about the Conservative Takeover of the Republican Party. Sadly, I can't find the review I read yesterday. It's very frustrating because it looks like a very good book, and it was a very good review.


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how interesting
by James Denison / November 24, 2012 9:50 PM PST

You have a problem with a well known German name like Boehner, but seemingly not for the three names Barack Hussein Obama. After all, we all know it should really be pronounced Bar - echhk, Huss - Seen (like a fishnet), Oh - Bamma (like in Alabama). But then, it doesn't bother us so much if Obama doesn't want to Americanize his name either.

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Do you not think there would have been any
by Steven Haninger / November 24, 2012 10:36 PM PST

improvement without Obama in the White House? Personally, I have more confidence in the resilience of the American people than that. Improvement was inevitable. What we cannot know the improvement is what, if any, leadership had on timing, depth or durability of any recovery.

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(NT) Like there still wouldn't be slaves without Lincoln?
by Diana Forum moderator / November 24, 2012 11:00 PM PST
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Lincoln was anything but alone in that regard but
by Steven Haninger / November 24, 2012 11:34 PM PST

your comparison isn't a good one. It would be like saying slavery was a cyclical process with surges and ebbs...that it could come back at any time. Right now, you could start praying to some sun god with guaranteed results that days will begin to get longer a month from now. All you'd need to do to reach shaman status is convince your friends and neighbors that your actions were the cause.

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There is still slavery in the world
by Diana Forum moderator / November 26, 2012 6:37 AM PST

even in this country. Just because it's illegal doesn't mean it doesn't happen.


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Slavery in this country is due to
by Steven Haninger / November 26, 2012 7:16 AM PST

government dependency and not forced servitude. Keep in mind that slave owners did all they could to make sure their "property" could not achieve independence. Today, dependency is on government assistance and "dependents" are growing in numbers. That's not good for people or our economy. Who do you think is best equipped to tackle that problem after decades of costly and unproductive programs have only made things worse? What we do know about our efforts is that, so far, nothing has worked. Sounds like time to change the plan to me.

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by TONI H / November 26, 2012 8:35 AM PST

doing the same thing over and over and expecting different results.......however, in the liberal Dems world, they are getting the results they want so they continue to do the same thing over and over, and the number of depends that keep growing keep depending on the government, and the more votes the Dems keep getting. Their base just keeps getting bigger........but soon there won't be anybody to take money from in order to keep spreading the wealth around.......and we are Greece, et al with riots in the streets when cuts have to happen.

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I wasn't even talking about entitlements
by Diana Forum moderator / November 26, 2012 8:44 AM PST

I was talking about people (esp. women and kids) brought to this country and becoming sex slaves and sold to wealthy people to keep as domestic workers and not letting them out. There are still people that do share cropping that might as well be slaves - remember the sold I owe my soul to the company store? It still goes on. I have relatives in Arkansas that still thought of their workers as owning them.


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I didn't start with that either
by Steven Haninger / November 26, 2012 9:12 AM PST

I had asked if a member was suggesting that, without Obama, economic improvement would not have happened. You brought Lincoln and slavery into the picture. My comment back to you was that the two subjects did not compare well...that I was talking about cyclical changes and not the passing of individual laws. You remained on the subject of slavery. My mistake was to not redirect you back again to the original topic which was that of giving credit to Obama for economic improvement. I followed your change in direction. Again, my mistake.

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I was just explaining my concept of slavery
by Diana Forum moderator / November 26, 2012 9:15 AM PST

You thought it was about keeping people dependent on the government through entitlements. I was just explaining that it wasn't. I was talking about real slavery.


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And my reply was to your remark that
by Steven Haninger / November 26, 2012 10:01 AM PST

there is still slavery in the world and "...even in this country".

I suggested that the type we have now is based on economic dependency. I'll also suggest that earlier US slavery and today's form still has a component of fear. The fear that is instilled during election campaigns is that voting for the wrong party could cut off their funds. A sense of dependency coupled with a fear of abandonment are a replacement form of slavery, IMO.

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It's going to tank again
by TONI H / November 24, 2012 11:03 PM PST

This is a spurt, not a beginning of recovery.......at 3+% interest, still little to no down payment required, and the FHA looking for its own bailout BECAUSE of those low interest rates and down payments, it's just a matter of another year or two and we'll be looking at more foreclosures again. The Feds are not allowing the market to follow its natural course and is still trying to force it. Won't happen.

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