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Old 08-13-2009, 06:30 AM
 
1,352 posts, read 1,674,708 times
Reputation: 499

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How's all that hope and change working out for you....

Foreclosures rise 7 percent in July from June - Yahoo! Finance (http://finance.yahoo.com/news/Foreclosures-rise-7-percent-apf-1977849903.html?x=0&sec=topStories&pos=main&asset= &ccode - broken link)=
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Old 08-13-2009, 06:31 AM
 
Location: Raleigh, NC
9,043 posts, read 11,327,015 times
Reputation: 1383
Quote:
Originally Posted by tonyandclaire89 View Post
How's all that hope and change working out for you....

Foreclosures rise 7 percent in July from June - Yahoo! Finance (http://finance.yahoo.com/news/Foreclosures-rise-7-percent-apf-1977849903.html?x=0&sec=topStories&pos=main&asset= &ccode - broken link)=
Bush's fault
Obama inherited this mess
Give it time to work
Stop being racist
GOP is blocking everything
People still like him

Did I cover all the bases?
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Old 08-13-2009, 06:37 AM
 
11,145 posts, read 13,535,459 times
Reputation: 4209
Quote:
Originally Posted by ViewFromThePeak View Post
Bush's fault
Obama inherited this mess
Give it time to work
Stop being racist
GOP is blocking everything
People still like him

Did I cover all the bases?
I see you're learning how the world actually works, View! Congratulations.


I worry that the dodos in charge of Congress are holding the money back so the benefits coincide better with their re-election campaigns.

Pretty disgusting if they are. I just don't get why that stimulus money is being withheld. Very frustrating. The whole point is to just give people work until the market recovers and to rebuild infrastructure and such.

At least the economy looks to be on its way up.
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Old 08-13-2009, 06:39 AM
 
34,990 posts, read 33,866,355 times
Reputation: 6156
White House officials estimate that the stimulus program pumped about $100 billion into the economy through June. That was only a small share of the total projected spending, and much of the first wave came in the form of tax cuts, tax rebates and higher spending on safety-net programs like unemployment benefits and health care.

Private analysts say they think it added at least 1 percentage point to economic growth in the second quarter. That was not enough to prevent the economy from shrinking and joblessness from rising, but the pace of the decline slowed substantially compared with the first quarter.
***
But direct government spending on infrastructure projects and other programs that create jobs immediately is only beginning to get under way. Much of the money so far has gone to people in the form of tax cuts and tax rebates, and consumers have tended to save that money rather than spend it.

Though it makes sense for people to increase their savings during times of heightened insecurity — especially for people who have lost large amounts of wealth as a result of falling home prices and falling stock prices — the heightened saving reduced the immediate impact of the tax cuts on economic growth.
http://www.nytimes.com/2009/08/07/bu...7stimulus.html
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Old 08-13-2009, 06:41 AM
 
1,352 posts, read 1,674,708 times
Reputation: 499
Bush's fault
Obama inherited this mess
Quote:
Give it time to work
Stop being racist
GOP is blocking everything
People still like him

Did I cover all the bases?
1. Bush fault...to a point your right...but Obama is making it worse...

2. Calling me a racist without knowing me is just complete stupidity...but then again i shouldn't be surprised..

3. The GOP can't block anything...Democrats control both houses...
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Old 08-13-2009, 06:42 AM
 
34,990 posts, read 33,866,355 times
Reputation: 6156
Quote:
Originally Posted by tonyandclaire89 View Post
Bush's fault
Obama inherited this mess


1. Bush fault...to a point your right...but Obama is making it worse...

2. Calling me a racist without knowing me is just complete stupidity...but then again i shouldn't be surprised..

3. The GOP can't block anything...Democrats control both houses...
um....
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Old 08-13-2009, 06:43 AM
 
5,165 posts, read 5,170,630 times
Reputation: 1064
Quote:
Originally Posted by tonyandclaire89 View Post
Bush's fault
Obama inherited this mess


1. Bush fault...to a point your right...but Obama is making it worse...

2. Calling me a racist without knowing me is just complete stupidity...but then again i shouldn't be surprised..

3. The GOP can't block anything...Democrats control both houses...
the poster was being sarcastic.
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Old 08-13-2009, 08:08 AM
 
Location: North Cackelacky....in the hills.
19,556 posts, read 18,742,485 times
Reputation: 2496
Foreclosures up...

Unemployment up...

Bankruptcies up...

at least some things are going up.

Of course retail sales are dropping too..

It is all good,think happy thoughts and praise Obama.
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Old 08-13-2009, 08:12 AM
 
1,352 posts, read 1,674,708 times
Reputation: 499
Jobless claims up, retail sales dip unexpectedly...
things are looking up...

Jobless claims up, retail sales dip unexpectedly - Yahoo! Finance (http://finance.yahoo.com/news/Jobless-claims-up-retail-apf-1948834182.html?x=0&sec=topStories&pos=main&asset= &ccode - broken link)=
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Old 08-13-2009, 08:14 AM
 
Location: Idaho Falls
5,029 posts, read 5,406,519 times
Reputation: 1479
I remember when people posting bad news about Iraq were accused of wanting the terrorists to win.

I guess that no longer applies to those always hyping bad news about our economy.
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