How's That Recovery Comin?

[randallscott35]

Duh.

House prices find lower lows.

http://online.wsj.com/article/SB1000...425058088.html

Food stamp usage at all time highs.

http://www.zerohedge.com/sites/defau...d%20Stamps.png

That's ok though. Obama likes Guinness. And the Bachelorette is on Mondays so we'll be ok. Hugs.

[Antitrust32]

dont you understand that George Bush singlehandidly ruined the world and Obama has almost completely fixed it?

[somerfrost]

Originally Posted by Antitrust32

dont you understand that George Bush singlehandidly ruined the world and Obama has almost completely fixed it?

Do you understand that no single President is completely to blame and no single President is totally without fault? My problem with the "Obama hate" is that folks seem to think everything was fine until Obama took office. Feel lucky that you are locked into a political ideology that has a say in government, being a far leftist, all I get to do is sit and watch.

[Antitrust32]

Originally Posted by somerfrost

Do you understand that no single President is completely to blame and no single President is totally without fault? My problem with the "Obama hate" is that folks seem to think everything was fine until Obama took office. Feel lucky that you are locked into a political ideology that has a say in government, being a far leftist, all I get to do is sit and watch.

I'm probably less locked into any certain political ideology than anyone who posts in this whole section.

But I have pretty easily come to the conclusion that Obama is just 4 more years of GW Bush.

and besides, the number one reason the economy collapsed is because the American people lived way outside their means. But nobody wants to take any personal responsibility, so it was Bushes fault.

Its not the person who bought a 400k house and could only afford a 150k house fault, its the bank's fault for providing the loan

Zero personal responsibility in this overly spoiled country that I love.

[Riot]

Originally Posted by Antitrust32

and besides, the number one reason the economy collapsed is because the American people lived way outside their means. But nobody wants to take any personal responsibility, so it was Bushes fault.

You might enjoy this book, you can get it for 10 bucks paperback on Amazon

Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System---and Themselves
Andrew Ross Sorkin

[randallscott35]

No, but maybe continuing the failed policies of Bush and keeping people in positions of power and hiring an inept Eric Holder who has prosecuted no one and so on and so on should count for something....B/c of the importance of the times we live in, I can only say Obama is the single worst president in our history.

[ateamstupid]

Originally Posted by Antitrust32

I'm probably less locked into any certain political ideology than anyone who posts in this whole section.

But I have pretty easily come to the conclusion that Obama is just 4 more years of GW Bush.

and besides, the number one reason the economy collapsed is because the American people lived way outside their means. But nobody wants to take any personal responsibility, so it was Bushes fault.

Its not the person who bought a 400k house and could only afford a 150k house fault, its the bank's fault for providing the loan

Zero personal responsibility in this overly spoiled country that I love.

I really can't believe that there are still people who buy this bullshit. I'm guessing you also believe oil prices are high because of SUVs, right?

[Antitrust32]

Originally Posted by ateamstupid

I really can't believe that there are still people who buy this bullshit. I'm guessing you also believe oil prices are high because of SUVs, right?

yeah the government and wallstreet collapsed the entire economy

as I said, nobody accepts any personal responsibility.

max out 10 credit cards and its the credit companys fault, right?

[Antitrust32]

Originally Posted by ateamstupid

I really can't believe that there are still people who buy this bullshit. I'm guessing you also believe oil prices are high because of SUVs, right?

just an FYI, gas prices are not high in America.

[dalakhani]

Originally Posted by Antitrust32

I'm probably less locked into any certain political ideology than anyone who posts in this whole section.

But I have pretty easily come to the conclusion that Obama is just 4 more years of GW Bush.

and besides, the number one reason the economy collapsed is because the American people lived way outside their means. But nobody wants to take any personal responsibility, so it was Bushes fault.

Its not the person who bought a 400k house and could only afford a 150k house fault, its the bank's fault for providing the loan

Zero personal responsibility in this overly spoiled country that I love.

There is some truth to what you say. But...

How about the family that had no choice to buy a 400k house because the market inflated to a point where it was next to impossible to find a decent place for what they could afford? I am not saying that this was the case all of the time but there is certainly a large portion of the problem loans out there where this was indeed the case.

I think the bank does have a level of responsibility as does the borrower. The types of loans that were being pedaled were just irresponsible on so many levels especially the alt a and subprime that were pushed by the investment banks.

Mortgage rates are close to the lows of last year again and arm products are lower in many cases.

If investors want yield, they are going to have to lend money. Its as simple as that. That is why we are seeing Mbs and Cmbs offerings that we didn't see even last fall...and there is more to come.

Don't fight the fed Randall.

[Antitrust32]

Originally Posted by dalakhani

There is some truth to what you say. But...

How about the family that had no choice to buy a 400k house because the market inflated to a point where it was next to impossible to find a decent place for what they could afford? I am not saying that this was the case all of the time but there is certainly a large portion of the problem loans out there where this was indeed the case.

I think the bank does have a level of responsibility as does the borrower. The types of loans that were being pedaled were just irresponsible on so many levels especially the alt a and subprime that were pushed by the investment banks.

Mortgage rates are close to the lows of last year again and arm products are lower in many cases.

If investors want yield, they are going to have to lend money. Its as simple as that. That is why we are seeing Mbs and Cmbs offerings that we didn't see even last fall...and there is more to come.

Don't fight the fed Randall.

in my opinion, if a person is going to buy a house they should be educated enough on what they can spend. Just because lenders are like used car salesmen, they still dont force you to sign on the line.

The family that spent 400k had options. Shoot, renting is a better option than buying a house that is 200k more than you can pay for and you will get forclosed on.

[joeydb]

Originally Posted by Antitrust32

dont you understand that George Bush singlehandidly ruined the world and Obama has almost completely fixed it?

LOL - that's funny if you believe it.

Well the market is off. Of course it's fantasy land on Wall St. so I'm sure it'll be back up by Friday.

The writing is on the wall. Not even close to adding 150,000 jobs a month.

He can always take a day off from golfing and hit the teleprompter up to remind people Bush did it. Which is loser speak for "I ain't gone do s.hit, cuz. Bush done f.ucked it all up."

[randallscott35]

Oops. I'm sure they will find a nice birth/death number to help the McJobs number for Friday. I looked at Job ads for fun last weekend. Couldn't believe how little is available and just how many are borderline Subway wages. There is 0 recovery as in none.

We've got a 21st century Caligula in charge.

You have to be insane to campaign on promises of change and then golf every other week on average.

He is a con artist.

[randallscott35]

From CNBC or CNBS no less.

"What we’ve got right now is almost near panic going on with money managers and people who are responsible for money," he said. "They can not find a yield and you just don’t want to be putting your money into commodities or things that are punts that might work out or they might not depending on what happens with the economy.

"We need to find real yield and real returns on these assets. You see bad data, you see Treasurys rally, you see all bonds and all fixed-income rally and then the people who are betting against the U.S. economy start getting bearish on stocks. That’s a huge mistake."

Stocks extended losses after the manufacturing fell below expectations in May and the private sector added only 38,000 jobs during the month.

"Interest rates are amazingly low and that, thanks to Ben Bernanke, is driving everything," Yastrow said. "We’re on the verge of a great, great depression. The [Federal Reserve] knows it.

No sh.it you as.sholes

Yeah but he also says to keep stocks because of the dividends.


It's f.ucking madness.

This is definitely a libtard board. If this s.hit was happening with a Republican president the thread would be 5 pages by now.

[Antitrust32]

Originally Posted by Coach Pants

This is definitely a libtard board. If this s.hit was happening with a Republican president the thread would be 5 pages by now.

its about 75% liberals and 80% idiots.