HOUSING SALES UP FOR FOURTH MONTH IN ROW

[ivanm]

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Housing sales were up 7.2  percent in July, which is enouraging.  Buyers are coming in to take advantage of a tax credit that is to expire soon and to grab up the foreclosures, which have depressed the  prices substantially.
I think the imprortant message here is there is light at the end of the tunnel of recession.
 
http://www.msnbc.msn.com/id/32505389/ns/business-stocks_and_economy

[Velleity]

Housing sales were up 7.2  percent in July, which is enouraging.  Buyers are coming in to take advantage of a tax credit that is to expire soon and to grab up the foreclosures, which have depressed the  prices substantially.
I think the imprortant message here is there is light at the end of the tunnel of recession.
 
http://www.msnbc.msn.com/id/32505389/ns/business-stocks_and_economy

Of course there is a light at the end of the tunnel. The only questions were: 1) how bad was it going to get? and 2) how long was it going to last for?

The idea of the government spending was simply to make sure that the liquidity trap didn't get too bad and therefore didn't last for a decade. Once we avert the catastrophe, it is time to clean up the mess.

If we get things going in the right direction again what will the right complain about? The only thing that is certain is that they will find something, then another, and when that doesn't work for them another and another.

[ivanm]

Of course there is a light at the end of the tunnel. The only questions were: 1) how bad was it going to get? and 2) how long was it going to last for?

The idea of the government spending was simply to make sure that the liquidity trap didn't get too bad and therefore didn't last for a decade. Once we avert the catastrophe, it is time to clean up the mess.

If we get things going in the right direction again what will the right complain about? The only thing that is certain is that they will find something, then another, and when that doesn't work for them another and another.

I think that the private sector will clean up much of the mess all by itself. Parts of it may need better guidlines to keep it straight but the government doesn't produce much but waste and hot air, so I opt for staying out of it. If the feds cannot help matters then it sure doesn't need to be making it worse.   When an economy is living on handouts there is too little incentve to do better on its own right.

Gingrich and his people would like to use the balance of the stimulus money to give employees and employers a break on payroll taxes.  The idea is that they can then spend or invest this money in a way that will lift the economy.

[Velleity]

I think that the private sector will clean up much of the mess all by itself.

Of course I said that. 

[Observer]

Housing sales were up 7.2  percent in July, which is enouraging.  Buyers are coming in to take advantage of a tax credit that is to expire soon and to grab up the foreclosures, which have depressed the  prices substantially.
I think the imprortant message here is there is light at the end of the tunnel of recession.
 
http://www.msnbc.msn.com/id/32505389/ns/business-stocks_and_economy

Foreclosures and unemployment are also up.

This will end. The question is how much longer will it take because of government interference than it would have if the government had just stayed out of it.

[Michael]

Foreclosures and unemployment are also up.

This will end. The question is how much longer will it take because of government interference than it would have if the government had just stayed out of it.

You mean like the government stayed out of it during the Bush admin.?     That started the mess to begin with?   

[Velleity]

This will end. The question is how much longer will it take because of government interference than it would have if the government had just stayed out of it.

There's no question cockalorum. It's no reach to predict that you will make up a lot of shit to "support" your baseless conclusions. You always do, and then you scoff at those who actually support conclusions that you don't want to hear.

That's your way.

[Observer]

Vel, I am getting really tired of your lies and cheap personal attacks.

I realize you are desperate to prove that everything you know is NOT wrong, but it isn't going to be accomplished with your juvenile and malicious attacks on me. In fact, it isn't going to be accomplished, at all. Everything you think you know IS wrong and has BEEN PROVEN wrong over and over again.

You need to learn to live with it.

Everything Obama has touched since he was elected has turned to shit. We have no effective foreign policy. His stimulus package has done nothing except swell the size of government and the national debt. "Cash fo Clunkers" has been a bust. His health care plan has been rejected by the majority of Americans. His popular support is down to 45% (as per Zogby this morning).

Face it, you may have won the election, but you are definitely losing the war of ideas.

[Velleity]

Vel, I am getting really tired of your lies and cheap personal attacks.

I realize you are desperate to prove that everything you know is NOT wrong, but it isn't going to be accomplished with your juvenile and malicious attacks on me. In fact, it isn't going to be accomplished, at all. Everything you think you know IS wrong and has BEEN PROVEN wrong over and over again.

You need to learn to live with it.

Everything Obama has touched since he was elected has turned to shit. We have no effective foreign policy. His stimulus package has done nothing except swell the size of government and the national debt. "Cash fo Clunkers" has been a bust. His health care plan has been rejected by the majority of Americans. His popular support is down to 45% (as per Zogby this morning).

Face it, you may have won the election, but you are definitely losing the war of ideas.

You have a lot of talk and whining. Where's the walk? I don't see any walk. 

[Velleity]

A lot of you "conservatives" are getting all excited about polls, even though not too long ago you were busy dismissing polls as meaningless. What's the mantra you used over and over and over? Hmmm. Was it "you let polls think for you?" Or some such nonsense?

But we digress.

These polls may not be what you want to think them to be. Witnesseth:


      
Montanans Not Backing Baucus' Work On Health Care

Montanans are not terribly keen on the job that home state Senator Max Baucus is doing on health care reform, according to a new Daily Kos/Research 2000 poll.

Only 42 percent of Montana residents -- and 34 percent of Democrats -- said they favored the work Baucus had done in shepherding health care legislation through the Senate Finance Committee. Forty-four percent of respondents said they disapproved, according to the poll of more than 600 people in the state.

The results may be partially attributable to Baucus's apparent decision to craft legislation without a public option. Within Montana, 47 percent of the public supports creating a "public health insurance option," while 43 percent oppose it. Looking closer at the numbers, slightly less than one-quarter of Republicans (23 percent) support a public plan. Forty-eight percent of independents and 78 percent of Democrats support the provision.

Baucus' role in overseeing health care reform on the critical Senate Finance Committee has caused a great deal of consternation among progressives. The Montana Democrat has been targeted by ads calling into question the millions of dollars in campaign donations he has received from private insurance and health industry interests. His failure to meet a self-imposed August recess deadline for producing legislation -- and his willingness to negotiate away the public plan -- has only infuriated those Democrats more.

That said, a majority of Montanans continue to view Baucus positively, with 50 percent of the Daily Kos/Research 2000 respondents saying they had a favorable view of the Senator compared to the 42 percent who had an unfavorable view. And while the state's residents are supportive of a public plan, most said that Baucus' stance on the provision won't affect their support of him.

Asked how their votes would be affected if Baucus were to oppose "a public health insurance option," 17 percent of respondents said they would be more likely to vote for the Senator, 22 percent said they would be less likely to vote for him. Sixty-one percent said it would have no effect.

Asked how their votes would be affected if Baucus "joined Republican Senators in filibustering and killing a final health care bill because it had a public health insurance option," 27 percent said they would be less likely to vote for him, 15 percent said they would be more likely to vote for him. Fifty-eight percent said it would have no effect.

[Pepsi]

This will end. The question is how much longer will it take because of government interference than it would have if the government had just stayed out of it.

It would be already all over without government interference - good or bad the existing financial system would have collapsed.   

[Velleity]

It would be already all over without government interference - good or bad the existing financial system would have collapsed.   

They let Lehman fail because their ideology required them to show that they could it happen, and then they freaked out (and rightfully so). Good or bad? If Observer were in charge it would have been catastrophic.

He is all talk.

[Observer]

It would be already all over without government interference - good or bad the existing financial system would have collapsed.   

Not according to the CBO and hundreds of others of the world's top economists.

In fact, they believe our recovery would be farther along than it is if the government hadn't meddled.

[Observer]

You have a lot of talk and whining. Where's the walk? I don't see any walk. 

I doubt you can see much of anything with your head stuck so far up your ass.

[Michael]

Not according to the CBO and hundreds of others of the world's top economists.

In fact, they believe our recovery would be farther along than it is if the government hadn't meddled.

Yeah, yeah...everyone believes this or believes that or the other.  So what? 

Again, as usual, you back up your b.s. with beliefs instead of facts.

The FACT is that Obama didn't do anything without the advisement of the top economists.  Or were they illegitimate because they weren't specific/your favorite economists?

More of the usual partisan hack crap from you.  When will it end?