U.S. New Home Sales Jump 9.6%, Most in Four Years

[Wapasha]

Originally Posted by LordBalfor

Did I vote for Bush?
No.
Did I think he was an idiot?
Yes.

Did I sock money into my 401K with the expectation that the economy would do OK and my 401K would grow?

Yes I did - even through BOTH recessions of his time in office.

Ken

So the answer to my question "Were you really this upbeat and optimistic about jobs and economy during the Bush years?" is a resounding "No".

[LordBalfor]

Originally Posted by Wapasha

So the answer to my question "Were you really this upbeat and optimistic about jobs and economy during the Bush years?" is a resounding "No".

You clearly need to improve your comprehension if you got a "no" out of my reply.

I was upbeat enough to keep pouring money into the market all through his Presidency - and boy did I PAY for it - with not ONE recession, but TWO - and a stock market LOWER 8 years later than it was when he came into office. Over that whole time I could have got a better return by putting my money under my mattress. The last 18 months of "Juniors'" reign my 401K took a POUNDING - but I kept putting money in anyway. Finally in mid-November I threw in the towel and put my money on the sidelines while I waited for things to calm down a bit, then in mid-March (a couple of days after the upturn) I jumped back and was able to catch the market on the way up (after having bought my way in at a lower price than sold out at).

The result is that even though the markets are not back to where there were in October of 07 (their peak), I pretty much am. If I had not been so "upbeat" back in the last 18 months of Bush's time in office and had jumped out to the sidelines THEN instead of holding on - I'd have made a REAL killing when the market went back up.

So yeah, I WAS that upbeat under Bush - even though I knew he was an idiot.
Silly me!

Ken

[Hombre57]

Originally Posted by Dukester

Aug. 26 (Bloomberg) -- Purchases of new homes in the U.S. jumped more than forecast
in July, adding to signs that the economy is rebounding from the worst recession since the 1930s.

Sales increased 9.6 percent, the most since February 2005, to a 433,000 annual pace, figures
from the Commerce Department showed today in Washington. The number of houses on the
market dropped to the lowest level in 16 years.

U.S. New Home Sales Jump 9.6%, Most in Four Years (Update2) - Bloomberg.com

Isn't that great news? Of course, the Republican party planned this way ahead of time so as to take credit for it, after all, we democrats know how irresponsible we are!