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VVance
6587 Posts |
 Posted - 11/06/2009 : 05:35:03 AM
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Happy Days Are Here Again!!!
http://www.cnbc.com/ |
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darkstar
26249 Posts |
Posted - 11/06/2009 : 05:37:15 AM
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Must be Bush's fault...
Lets see how many are anxious to vote for another TRILLION dollar fiaco with unemployment over 10% going into next yrs elections...Do I hear taps?...
And why focus on job, we have an agenda to push!
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1stintegritymort
1782 Posts |
Posted - 11/06/2009 : 06:02:30 AM
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| Where are the millions of jobs Obama promised would be created from the stimulus bill? |
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darkstar
26249 Posts |
Posted - 11/06/2009 : 06:14:22 AM
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Chart based on Obama admin projection to push stimulus NOW and reality:
http://ronhebron.com/blog/uploaded_images/august2009unempdata-763877.jpg |
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djorge44
3699 Posts |
Posted - 11/06/2009 : 06:14:30 AM
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| Hey that's not fair, he never said WHEN he would create the jobs. Maybe in 2040 he will be a success. |
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CoolMtgGuy
9062 Posts |
Posted - 11/06/2009 : 06:25:30 AM
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| Enjoy yourselves. I expect it to get worse before it starts to get better. Tough times indeed [except for darkstar area where all is well] but it will get better in the months ahead ... then you will be annoyed again. Enjoy the bad news for a while. |
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djorge44
3699 Posts |
Posted - 11/06/2009 : 06:27:19 AM
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| HA that's funny, 200 or so people will get new jobs next year at the expense of the Democrats |
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homer5
2250 Posts |
Posted - 11/06/2009 : 06:31:57 AM
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U-6 comes in at 17.5%!!!
Birth/Death Model creates 86,000 phantom jobs or the report would even be worse. Birth/Death jobs are statistical bs.
The Christmas shopping season is in trouble. |
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homebroker@sbcgl
7361 Posts |
Posted - 11/06/2009 : 07:44:34 AM
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Hey be grateful Vance, that number "could" be 15% if Obama was not president. Don't worry Obama is a man of his word just wait until Obama out-leashes those 3 million jobs from his stimulus? We will see the number drop significantly then. Hallelujah!
Relax, go to orbitz book that European trip ASAP as Obama is at the wheel of this country, and there is nothing to worry about. Obama promises ( with his fingers crossed )!
quote:
Originally posted by VVance
Happy Days Are Here Again!!!
http://www.cnbc.com/
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GetLoans4me
2695 Posts |
Posted - 11/06/2009 : 08:38:12 AM
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Didn't bernanke and bawack said that our economy is sound and getting better/recovery??
folks, we are in a long due of economy hardship for years.. This is a BEGINNING |
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darkstar
26249 Posts |
Posted - 11/06/2009 : 08:44:59 AM
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| Not one bill this year has addressed jobs, just extended benefits for the unempl'd and new taxes for everyone else, where did anyone realistically expect jobs to come from, thin air?(is thin air taxed yet?)... |
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Rene Viloria
2450 Posts |
Posted - 11/06/2009 : 10:13:00 AM
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I think unemployment is way higher and things are worst. For example a lot of self-employed, subcontractors and commission people, are not making money, part-timers and people that gave up looking... Things are bad, I am starting to think, the things to make profits right now are: Nurses, doctors(stress, people getting sick), Anything with groceries(supermarkets), attorneys, Modifications, debt settlement, debt repair, Bails, Realtor for rentals, divorce/bankrupcy attorney, repo man etc... Any business that has to do with other peoples' misery is profitable right now...
Who agrees with me, that the housing problem cause a chain reaction, Obama should have concentrated on a solution to the housing problem, i would have kept fha the way it was and make lenders make harp more accessible...And let mortgage brokers go through some type of modifications licensing/training... |
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homebroker@sbcgl
7361 Posts |
Posted - 11/06/2009 : 10:28:53 AM
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They could have used the Bailout and Stimulus money to directly but down mortgage notes and rates. This money could have been used to entice the lenders to modify loans. But our stupid government clowns instead just wrote blank checks to the banks. This time the bank robbed the people, but no prison sentences will follow.
quote:
Originally posted by Rene Viloria
Who agrees with me, that the housing problem cause a chain reaction, Obama should have concentrated on a solution to the housing problem, i would have kept fha the way it was and make lenders make harp more accessible...And let mortgage brokers go through some type of modifications licensing/training...
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GetLoans4me
2695 Posts |
Posted - 11/06/2009 : 10:33:42 AM
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I agree that the un employment numbers are way higher than gobberment stats. We are entering in the confusion stage oh how to resolve this economy crisis since repshyt and demshyt cannot get their head out of their azzes.
quote:
Originally posted by Rene Viloria
I think unemployment is way higher and things are worst. For example a lot of self-employed, subcontractors and commission people, are not making money, part-timers and people that gave up looking... Things are bad, I am starting to think, the things to make profits right now are: Nurses, doctors(stress, people getting sick), Anything with groceries(supermarkets), attorneys, Modifications, debt settlement, debt repair, Bails, Realtor for rentals, divorce/bankrupcy attorney, repo man etc... Any business that has to do with other peoples' misery is profitable right now...
Who agrees with me, that the housing problem cause a chain reaction, Obama should have concentrated on a solution to the housing problem, i would have kept fha the way it was and make lenders make harp more accessible...And let mortgage brokers go through some type of modifications licensing/training...
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Oracles
450 Posts |
Posted - 11/06/2009 : 12:41:46 PM
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| I wonder when will we realize that both dems and reps are same.. Both of them dont give a rats ass about us and they have proven this time and again. Yet most of us still play Dems and Reps games as if one is better then other. |
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GetLoans4me
2695 Posts |
Posted - 11/06/2009 : 12:51:41 PM
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Oracles, that's what I have been telling repshyt and demshyt people! They're soo brain washed that they think this country falls on either the lefist or righist side which will never happen.
Bawack said that he promised he will NOT rest until our economy recovers... That's 3 yrs egg head |
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CoolMtgGuy
9062 Posts |
Posted - 11/06/2009 : 12:55:19 PM
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... so your solution is???
quote:
Originally posted by Oracles
I wonder when will we realize that both dems and reps are same.. Both of them dont give a rats ass about us and they have proven this time and again. Yet most of us still play Dems and Reps games as if one is better then other.
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VVance
6587 Posts |
Posted - 11/06/2009 : 1:14:55 PM
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Millions of people are innocent victims of a terrible economy. To add salt to their wounds, they then hear the administration talk of how things are better or things could have been worse.
But those unemployed need not worry. Health Care and Cap and Trade will fix everything.
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darkstar
26249 Posts |
Posted - 11/06/2009 : 1:16:37 PM
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quote:
Originally posted by CoolMtgGuy
... so your solution is???
A leader that does for the people, someone that could bring change, know anyone?... |
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homebroker@sbcgl
7361 Posts |
Posted - 11/06/2009 : 1:49:16 PM
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Maybe to not vote for Republicans and Democrats anymore.
quote:
Originally posted by CoolMtgGuy
... so your solution is???
quote:
Originally posted by Oracles
I wonder when will we realize that both dems and reps are same.. Both of them dont give a rats ass about us and they have proven this time and again. Yet most of us still play Dems and Reps games as if one is better then other.
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Rick_Santelli
264 Posts |
Posted - 11/06/2009 : 1:57:34 PM
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VVANCE,
I know you are not Big on Facts, but you might want to look at the statistics:
November 2008 Job Losses = The economy lost 533,000 jobs in November 2008 (George Bush President of the United States)
October 2009 Job Losses -190,000 (President Obama)
Those pesky facts......
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CoolMtgGuy
9062 Posts |
Posted - 11/06/2009 : 2:02:15 PM
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That's it? The solution to all of our problems? Now that you have revealed the answer to one-half of the "solution", who pray tell doe we vote FOR?
quote:
Originally posted by homebroker@sbcglobal.net
Maybe to not vote for Republicans and Democrats anymore.
quote:
Originally posted by CoolMtgGuy
... so your solution is???
quote:
Originally posted by Oracles
I wonder when will we realize that both dems and reps are same.. Both of them dont give a rats ass about us and they have proven this time and again. Yet most of us still play Dems and Reps games as if one is better then other.
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darkstar
26249 Posts |
Posted - 11/06/2009 : 2:05:21 PM
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quote:
Originally posted by Rick_Santelli
VVANCE,
I know you are not Big on Facts, but you might want to look at the statistics:
November 2008 Job Losses = The economy lost 533,000 jobs in November 2008 (George Bush President of the United States)
October 2009 Job Losses -190,000 (President Obama)
Those pesky facts......
From BLS:
http://www.bls.gov/news.release/empsit.nr0.htm
Household Survey Data
In October(09), the number of unemployed persons increased by 558,000 to 15.7
million.
The -190K refers to nonfarm payroll employment...Looks like 558,000 new people lost jobs...Did I read that wrong?... |
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Rick_Santelli
264 Posts |
Posted - 11/06/2009 : 2:14:09 PM
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LMAO, I guess if you do not like the data just switch the entire sample used....
My data was Bush NFP versus Obama NFP......
"from BLS:
http://www.bls.gov/news.release/empsit.nr0.htm
Household Survey Data
"In October(09), the number of unemployed persons increased by 558,000 to 15.7
million.
The -190K refers to nonfarm payroll employment...Looks like 558,000 new people lost jobs...Did I read that wrong?..."
If you do not want to use the NFP as I did, then what was the Household Survey in November 2008? |
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darkstar
26249 Posts |
Posted - 11/06/2009 : 2:20:59 PM
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quote:
Originally posted by Rick_Santelli
LMAO, I guess if you do not like the data just switch the entire sample used....
My data was Bush NFP versus Obama NFP......
"from BLS:
http://www.bls.gov/news.release/empsit.nr0.htm
Household Survey Data
"In October(09), the number of unemployed persons increased by 558,000 to 15.7
million.
The -190K refers to nonfarm payroll employment...Looks like 558,000 new people lost jobs...Did I read that wrong?..."
If you do not want to use the NFP as I did, then what was the Household Survey in November 2008?
Doh, my bad...Bush sucked! |
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Rick_Santelli
264 Posts |
Posted - 11/06/2009 : 2:26:52 PM
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"Doh, my bad...Bush sucked!"
You are the one who changed comparing NFP versus NFP...to comparing the Household Survey this month to the November 2008 NFP..
I cannot find the Household survey for November 2008 (With 500K NFP Job Losses in 11/08 I would love to see the Household Survey). Pleas post it if you find it.
Gotta give you an "A" for effort in trying to compare an NFP number to a Household Survey.
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Jonas
1217 Posts |
Posted - 11/06/2009 : 2:31:30 PM
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| How is a bad jobs number ultimately the Govt's fault? Get off your a'ss and find work. |
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assassin17
7833 Posts |
Posted - 11/06/2009 : 2:32:54 PM
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You guys keep spouting off about this Rep and Dem being the same stuff. They are not even close to being the same.
They might both spend money, but they operate under two completely opposite philosophies. It's HOW they spend it that is different and they also do much more than just spend money.
Reps would have approached this recession in a completely different manner by using proven methods of easing taxation and imposing tariffs to make up for it. Reps focus on cash-flow, while Dems focus on cash-rationing. Both would try the stimulus as a stopgap for unemployment, but it would be spent in completely different manners.
It has always been this way. Just because two women wear the same dress doesn't mean they'll order the same food. |
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homer5
2250 Posts |
Posted - 11/06/2009 : 2:57:10 PM
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quote:
Originally posted by Jonas
How is a bad jobs number ultimately the Govt's fault? Get off your a'ss and find work.
Yeah it is the government's fault. They are responsible for allowing the banks go unregulated and that led to risky lending and that led to a real estate bubble and that led to the bubble popping which led to the banking industry's demise. Which of course led to no lending and a deleveraging of the economy which of course led to layoffs and job loss.
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darkstar
26249 Posts |
Posted - 11/06/2009 : 3:05:19 PM
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quote:
Originally posted by Rick_Santelli
"Doh, my bad...Bush sucked!"
You are the one who changed comparing NFP versus NFP...to comparing the Household Survey this month to the November 2008 NFP..
I cannot find the Household survey for November 2008 (With 500K NFP Job Losses in 11/08 I would love to see the Household Survey). Pleas post it if you find it.
Gotta give you an "A" for effort in trying to compare an NFP number to a Household Survey.
My response was in jest, I misread the original post...It wasn't a shot at bush... |
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Gabriels
339 Posts |
Posted - 11/06/2009 : 3:13:54 PM
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| The number is 10.2. Spin it all you want, it's still bad. Blame Bush, blame G. Washinton, It's Obama's watch. |
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Mandyvilla
6392 Posts |
Posted - 11/06/2009 : 3:22:04 PM
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quote:
Originally posted by assassin17
Just because two women wear the same dress doesn't mean they'll order the same food.
Forgive me, but at the rate we are going, we WILL be all be wearing the same dress AND be eating the same food. |
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darkstar
26249 Posts |
Posted - 11/06/2009 : 3:29:20 PM
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quote:
Originally posted by Mandyvilla
quote:
Originally posted by assassin17
Just because two women wear the same dress doesn't mean they'll order the same food.
Forgive me, but at the rate we are going, we WILL be all be wearing the same dress AND be eating the same food.
Oh hell no, I look terrible in a dress! |
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Mandyvilla
6392 Posts |
Posted - 11/06/2009 : 3:36:57 PM
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It's the hairy legs.
quote:
Originally posted by darkstar
quote:
Originally posted by Mandyvilla
quote:
Originally posted by assassin17
Just because two women wear the same dress doesn't mean they'll order the same food.
Forgive me, but at the rate we are going, we WILL be all be wearing the same dress AND be eating the same food.
Oh hell no, I look terrible in a dress!
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paulsof1
258 Posts |
Posted - 11/06/2009 : 3:50:27 PM
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quote:
Originally posted by Rick_Santelli
VVANCE,
I know you are not Big on Facts, but you might want to look at the statistics:
November 2008 Job Losses = The economy lost 533,000 jobs in November 2008 (George Bush President of the United States)
October 2009 Job Losses -190,000 (President Obama)
Pesky facts....Obama said that if the stimulus didn't get passed unemployment would go over 9%. Well that garbage bill got passed...By his estimates, we would have been better off not having the bill passed.
Those pesky facts......
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GetLoans4me
2695 Posts |
Posted - 11/06/2009 : 4:28:16 PM
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Once China takes over this country, you won't look bad in dress at all.
quote:
Originally posted by darkstar
quote:
Originally posted by Mandyvilla
quote:
Originally posted by assassin17
Just because two women wear the same dress doesn't mean they'll order the same food.
Forgive me, but at the rate we are going, we WILL be all be wearing the same dress AND be eating the same food.
Oh hell no, I look terrible in a dress!
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Jonas
1217 Posts |
Posted - 11/06/2009 : 4:28:34 PM
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I agree, pure capitalism is a bad thing. Good call.
I think Americans could do with a bit more personal responsibility. Lose you banking job? Back to school!
quote:
Originally posted by homer5
quote:
Originally posted by Jonas
How is a bad jobs number ultimately the Govt's fault? Get off your a'ss and find work.
Yeah it is the government's fault. They are responsible for allowing the banks go unregulated and that led to risky lending and that led to a real estate bubble and that led to the bubble popping which led to the banking industry's demise. Which of course led to no lending and a deleveraging of the economy which of course led to layoffs and job loss.
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GetLoans4me
2695 Posts |
Posted - 11/06/2009 : 4:33:48 PM
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Solutions:
shut down fed reserves
file BK
cut congress pensions and freeze pay raise
and tax the hell out of tariffs!! |
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homebroker@sbcgl
7361 Posts |
Posted - 11/06/2009 : 4:37:09 PM
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I like it, but the criminals in D.C will never do it!
quote:
Originally posted by GetLoans4me
Solutions:
shut down fed reserves
file BK
cut congress pensions and freeze pay raise
and tax the hell out of tariffs!!
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GetLoans4me
2695 Posts |
Posted - 11/06/2009 : 5:23:26 PM
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It's called, repshyt and demshyt with no brains!
quote:
Originally posted by homebroker@sbcglobal.net
I like it, but the criminals in D.C will never do it!
quote:
Originally posted by GetLoans4me
Solutions:
shut down fed reserves
file BK
cut congress pensions and freeze pay raise
and tax the hell out of tariffs!!
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khoiey
2966 Posts |
Posted - 11/06/2009 : 5:56:12 PM
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| Those who think 10.2% isn't big... Try 15 million of Americans. |
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GetLoans4me
2695 Posts |
Posted - 11/06/2009 : 6:09:46 PM
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much higher than that..
quote:
Originally posted by khoiey
Those who think 10.2% isn't big... Try 15 million of Americans.
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homer5
2250 Posts |
Posted - 11/06/2009 : 6:54:16 PM
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quote:
Originally posted by Jonas
I agree, pure capitalism is a bad thing. Good call.
I think Americans could do with a bit more personal responsibility. Lose you banking job? Back to school!
quote:
Originally posted by homer5
quote:
Originally posted by Jonas
How is a bad jobs number ultimately the Govt's fault? Get off your a'ss and find work.
Yeah it is the government's fault. They are responsible for allowing the banks go unregulated and that led to risky lending and that led to a real estate bubble and that led to the bubble popping which led to the banking industry's demise. Which of course led to no lending and a deleveraging of the economy which of course led to layoffs and job loss.
You're not serious, are you? |
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Mandyvilla
6392 Posts |
Posted - 11/07/2009 : 05:36:38 AM
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| Does anyone think that Fannie would become a landlord in a great economy? They are said to be signing one year leases. Does anyone really think all will be hunky dory in one year? I guess it really depends upon what you are drinking. |
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CoolMtgGuy
9062 Posts |
Posted - 11/07/2009 : 05:58:52 AM
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| I am still waiting to see better ideas expressed instead of more "NO" to others' efforts to do something constructive. I guess saying NO is the limit of capability for many. |
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VVance
6587 Posts |
Posted - 11/07/2009 : 05:59:45 AM
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quote:
Originally posted by Mandyvilla
Does anyone think that Fannie would become a landlord in a great economy? They are said to be signing one year leases. Does anyone really think all will be hunky dory in one year? I guess it really depends upon what you are drinking.
There is a provision at the end of the lease to go month to month.
But, I agree with your thought. If Government truly thought that the housing market crash was behind us, neither Fannie or Freddie would be going into the rental business.
http://www.brokeroutpost.com/loans/brokers/forum/topic.asp?TOPIC_ID=280775 |
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homebroker@sbcgl
7361 Posts |
Posted - 11/07/2009 : 08:13:19 AM
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Things will not be well in one decade, look at Japan.
quote:
Originally posted by Mandyvilla
Does anyone think that Fannie would become a landlord in a great economy? They are said to be signing one year leases. Does anyone really think all will be hunky dory in one year? I guess it really depends upon what you are drinking.
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homer5
2250 Posts |
Posted - 11/07/2009 : 09:02:57 AM
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quote:
Originally posted by CoolMtgGuy
I am still waiting to see better ideas expressed instead of more "NO" to others' efforts to do something constructive. I guess saying NO is the limit of capability for many.
No is the best way because it allows capitalism to work unfettered without socialistic initiatives.
Let capitalism work. Let the failed fail. Let the dead die. This will free up economic resources for the healthy and living. Just like it always has.
Allowing the zombies to exist, at the cost of limited economic resources that would be aiding the healthy and living, is the wrong thing to do. Yet that is exactly what we are doing. |
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darkstar
26249 Posts |
Posted - 11/07/2009 : 09:31:13 AM
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Capitalism didn't fail, it can't as it's just a vehicle that 'people' drive...Greed went out of control, not capitalism...
Which economic system is more likely to drive people out of poverty, one with a slogan of "from rags to riches" or one that aims to help the poor via government bureaucracy?... |
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homer5
2250 Posts |
Posted - 11/07/2009 : 09:45:16 AM
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You're right capitalism didn't fail. What failed is the socialization of capitalism.
Things like social security (broke and going broker) and bailouts to banks and other companies are failing and causing the system to fail.
Pure capitalism isn't without regulation. Every game needs it's rules and to have those rules followed.
Like the rule when you're assets are deficient to meet your liabilities, you're broke, bankrupt and out of business. Not oh here's more assets so you can limp along and damage the economic system as a whole.
Any failure linked to capitalism is directly linked to anti capitalistic policy. Which isn't a condemnation of capitalism. To the contrary, it's a condemnation of socialistic policy applied to capitalism. |
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assassin17
7833 Posts |
Posted - 11/07/2009 : 11:55:46 AM
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quote:
Originally posted by Jonas
I think Americans could do with a bit more personal responsibility. Lose you banking job? Back to school!
If I recall correctly, school didn't pay the bills. It's a lot easier if you don't have a family to support and can live in Mom's basement, but it don't pay the bills for me.
I went to school already and this is the result. Why would I pay to do it again? |
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