The economy is booming, wages continue to rise, unemployment is very low and our standard of living continues upward.We continue to kick butt in Iraq with zero soldier deaths last week. How about that? What more do you want?
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John Adams “The moment the idea is admitted into society that property is not as sacred as the laws of God, and that there is not a force of law and public justice to protect it, anarchy and tyranny commence.”
Ronald Reagan: 'Everybody that is for abortion has already been born'
"I never said I was worth it. I only said I wouldn't do it for less " William F. Buckley Jr.
The economy is booming, wages continue to rise, unemployment is very low and our standard of living continues upward.We continue to kick butt in Iraq with zero soldier deaths last week. How about that? What more do you want?
Well, what part of those facts are you having trouble with? It's funny, when you stick to the main stream press you get none of this information reported on or you must look real hard but that facts are the facts. We are booming right now.
This so called housing crises is being worked out by the private sector. LA times did a write up on this. They are working out payments and resetting interest rates for those who are in good standing but got caught up in this so called crises. The other idiots who were too stupid to know what they were getting into willl just go back to the rental market. Your real concern should be with the zoning laws that continue to hamper construction. Did you know, I believe it was Berkley, Ca introduce a reguirement for Global Warming study before construction can be done? Yeah that will make housing cheaper.
The oil issue can be laid right at the feet of the Dems in congress. They block more drilling everytime. This last energy bill they presented had NO plans for new drilling and exploration. Guess what, so dems don't feel you pay enough for your gas today. Some are calling for over a 30 cent a gallon increase.
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John Adams “The moment the idea is admitted into society that property is not as sacred as the laws of God, and that there is not a force of law and public justice to protect it, anarchy and tyranny commence.”
Ronald Reagan: 'Everybody that is for abortion has already been born'
"I never said I was worth it. I only said I wouldn't do it for less " William F. Buckley Jr.
Do you really call an annual growth rate of 3% booming?
1.6 trillion dollars spent on two wars ?
War with Iran is next.
I understand in your world China does not exist , but here in the real world China has huge economic, social & Nuclear intentions that will have an impact on American's for a very long time.
Do you really call an annual growth rate of 3% booming?
Yes, that's the targeted growth rate the Fed has on the books. Anything above that and they believe that's an over heated economy and we would be in for a very hard landing.
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1.6 trillion dollars spent on two wars ?
Wasn't that the estimated cost over all after it's said and done? Still very cheap when compared to other wars. We are currently spending around 1% of our GDP fighting these wars. I want to say WW2 cost around 10% of our GDP. I'm sure I'm wrong on that figure but someone out there will correct it.
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War with Iran is next.
No, I don't believe war with Iran is on the horizon. I believe bombing will happen however it's not a for gone conclusion. You will see a lot of saber rattling but for a reason to get others to step up and end it before it comes to bombing. Time will tell. I believe GW will take action before he leaves office.
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I understand in your world China does not exist , but here in the real world China has huge economic, social & Nuclear intentions that will have an impact on American's for a very long time.
What do you mean my world China doesn't exist? They do exist but I don't loose sleep over them everyday. They aren't on the same level as us by any strech of the imagination. They will change as time progresses. They can't continue to keep the status quo forever. They need us as much as we need to continue to import their cheap goods. No matter what you think, they aren't as productive as we are and do not have the engine we have.
However, we got side tracked. The question was:
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Oil is at $92 a barrel,dollar just hit an all time low, and the housing market is in the crapper?
Your thoughts?
__________________
John Adams “The moment the idea is admitted into society that property is not as sacred as the laws of God, and that there is not a force of law and public justice to protect it, anarchy and tyranny commence.”
Ronald Reagan: 'Everybody that is for abortion has already been born'
"I never said I was worth it. I only said I wouldn't do it for less " William F. Buckley Jr.
I'm a little confused by the whole real estate thing. I know that we had a major boom that folks were predicting would end soon. Now that it has happened is it a matter of the bottom totally falling out, or just a return to trends similar the pre-boom times?
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"Shoot him again....his soul is still dancing"
Oil is at $92 a barrel,dollar just hit an all time low, and the housing market is in the crapper?
Your thoughts?
Oil is is $ 92.00 a barrel because of the demand from China!
And since we decided that Americans don't need to produce any of the products that we use in day to day life ,the housing market& construction was the only driving force behind our sluggish economy. Now that the effects of out sourcing our every day livelihoods is coming around and biting us on the posterior.
I am sure you will find fault with my reasoning but if you check withthe majorityAmericans you will find most are not happy with the direction our country is heading.
What do you think??
