On Fri, 30 Nov 2012 21:19:05 -0500, BeamMeUpScotty
Post by BeamMeUpScottyPost by GOP_Decline_and_FallOn Wed, 28 Nov 2012 14:04:29 -0500, BeamMeUpScotty
Post by BeamMeUpScottyPost by Sid Sucks 9 DicksMore Bad News For America
Obozo's Four Years Of Failure
New Home Sales Fall And Cast Shadow On Recovery
CNBC: New U.S. single-family home sales fell slightly in October and
the government revised sharply lower its estimate for the prior
month's sales
http://www.cnbc.com/id/49993293
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How's That Hopey-Changey Thing Working Out For You?
It was all smoke and mirrors before an election... Obama opened the
welfare snack box and the Liberals all started drooling and salivating
at the prospect of more welfare. Then they responded as they have
been trained to do, they pulled the lever to vote for Obama and more
welfare. Obama is the FOOD STAMP PRESIDENT.
Obama's mandate is to fight for more welfare to ease the addiction pains
of those on welfare and to expand welfare for those that are addicted to
the high they get from spending money to feel good like a shopping
addiction. They all have a welfare addiction.
The housing market is doing just fine recovering from GOP
mismanagement.
The only addiction is Tea Party whores' desperate addiction to lying
and trying to talk down America.
Pending home sales rise, beating expectations
http://www.reuters.com/article/2012/11/29/us-usa-economy-homes-idUSBRE8AS0RT20121129
WRAPUP 4-U.S. housing starts hit four-year high in October
Tue, Nov 20 2012
WASHINGTON | Thu Nov 29, 2012 10:10am EST
(Reuters) - Contracts to buy previously owned U.S. homes rose more
than expected in October, a sign the housing market recovery advanced
into the fourth quarter despite a mammoth storm and concerns over
looming tax hikes.
The National Association of Realtors said on Thursday its Pending Home
Sales Index, based on contracts signed in October, gained 5.2 percent
to 104.8.
The housing market is steadily healing after collapsing in 2006,
supported by modest job gains, increased job security and record low
mortgage rates.
Home prices are now back to where they were in early 2003, before the
housing bubble inflated over the next three years before bursting
http://money.cnn.com/2012/11/27/real_estate/home-prices/index.html
NEW YORK (CNNMoney) -- In another sign of a housing market rebound,
home prices posted the biggest percentage gain in more than two years
in the third quarter, according to the closely followed
S&P/Case-Shiller index.
The 3.6% increase from a year earlier is more than three times the
rise in the previous quarter and was the biggest jump in prices since
the second quarter of 2010.
This latest rise comes as the housing market has shown numerous other
signs of recovery in recent months. The rebound is spurred by a
combination of record low mortgage rates, an improving jobs market and
a drop in foreclosures to a five-year low, reducing the supply of
distressed homes available.
--
"It has always struck me as odd, even perverse, that former Marxists
have been permitted, yes invited, to play such a leading role in the
Conservative movement of the twentieth century.
It is splendid when the town whore gets religion and joins the church.
Now and then she makes a good choir director, but when she begins to
tell the minister what he ought to say in his Sunday sermons, matters
have been carried too far."
Stephen Tonsor
OK we all see you are an idiot.... thanks for confirming that.
The housing market is doing just fine and, like the economy in
general, now that the threat of an impending Romney looting has been
swept into the garbage can of history will do much much better.
Shame about the permanent and terminal damage done to the GOP but keep
on doubling down, it's all good.
America knows who is to blame.
If Congress doesn't act, middle-class families will see their income
taxes go up on January 1st. The typical middle-class family will see
their taxes go up by $2,200 next year, negatively impacting businesses
and retailers across the nation.
http://www.whitehouse.gov/the-press-office/2012/11/26/cyber-monday-white-house-releases-new-report-impact-middle-class-tax-cut
The President has called on Congress to take action and stop holding
the middle class and our economy hostage over a disagreement on tax
cuts for households with incomes over $250,000 per year.
Summary of White House Report: The Middle-Class Tax Cuts Impact on
Consumer Spending and Retailers
President Obama is committed to growing our economy from the middle
out by ensuring a strong, secure, and thriving middle-class. Thats
why his top priority is promoting jobs and growth while reducing our
deficit in a balanced and responsible way.
Since taking office, President Obama has repeatedly cut taxes for
middle-class families to make it easier for them to make ends meet. A
typical family making $50,000 a year has received tax cuts totaling
$3,600 over the past four years more if it was putting a child
through college.
Now we face a deadline that requires action on jobs, taxes and
deficits by the end of the year. If Congress fails to act, every
American familys taxes will automatically go up - including the 98
percent of Americans who make less than $250,000 a year and the 97
percent of small businesses that earn less than $250,000 a year. A
typical middle-class family of four would see its taxes rise by
$2,200.
While the President is committed to working with Congress to reach
compromises on areas of disagreement, there is no reason to delay
acting where everyone agrees: extending tax cuts for the middle-class.
There is no reason to hold the middle-class hostage while we debate
tax cuts for the highest income earners.
Our economy cant afford that right now. New analysis by the
Presidents Council of Economic Advisers (CEA) finds that:
Allowing the middle-class tax rates to rise and failing to patch
the Alternative Minimum Tax (AMT) could cut the growth of real
consumer spending by 1.7 percentage points in 2013. This sharp rise
in middle-class taxes and the resulting decline in consumption could
slow the growth of real GDP by 1.4 percentage points, which is
consistent with recently published estimates from the Congressional
Budget Office.
Faced with these tax hikes, the CEA estimates that consumers could
spend nearly $200 billion less than they otherwise would have in 2013
just because of higher taxes. This reduction of $200 billion is
approximately four times the total amount that 226 million shoppers
spent on Black Friday weekend last year. As Figure 5 shows, this $200
billion reduction would likely be spread across all areas of consumer
spending.
American consumers are the bedrock of our economy, driving more than
two-thirds of the overall rise in real GDP over 13 consecutive
quarters of economic recovery since the middle of 2009. And as we
approach the holiday season, which accounts for close to one-fifth of
industry sales, retailers cant afford the threat of tax increases on
middle-class families.
President Obama and Congressional Democrats have proposed to extend
all the income tax cuts that benefit families who make less than
$250,000 per year.
The President has called on Congress to act now on extending all
income tax cuts for 98 percent of American families and not to hold
the middle-class and our economy hostage over a disagreement on tax
cuts for households with incomes over $250,000 per year. The Senate
has passed this bill and the President is ready to sign it.
