Posts Tagged ‘new home sales’

What Does God Damn America Look Like? It Looks Like A Housing Market Collapse, And Food, Fuel Prices Out Of Control

March 24, 2011

Well, in Barack Obama’s defense, he did promise us “change.”

For most Americans, homes are THE most important purchase and investment that they will ever make in thier lives.

And in “God damn America” – the God damn America that Democrats cursed this nation with by voting for Jeremiah Wright’s wicked disciple – that’s just gone along with the American Dream that Obama has despised his for at least his entire adult life.

We are now well into the third year of Obama’s presidency.  We are going on the third year of abject failure from a man whose only real experience had been in community agitating.

They have answers at all because they’re entire economic and moral philosophies are depraved and false.  All they have is blaming Bush.  Because Obama isn’t responsible for his presidency.  In fact, we should re-elect Obama so we can have another five plus years of abject failure that we can hold Bush responsible for.

If you’re not that stupid and that depraved, recognize that this was all very clearly seen by people who understood that Obama’s policies would not only fail but massively fail.

New home sales slowest in at least a half-century
DEREK KRAVITZDEREK KRAVITZ, AP Real Estate Writer 

WASHINGTON (AP) — Home construction in the United States is all but coming to a halt.

Americans are on track to buy fewer new homes than in any year since the government began keeping data almost a half-century ago. Sales are now just half the pace of 1963 — even though there are 120 million more people in the United States now.

Here’s another reality in God damn America: food prices skyrocketing out of control.  That’s “change,” too.  From the LA Times:

On Wednesday, the U.S. Labor Department reported that wholesale food prices jumped 3.9% in February over January, the highest monthly increase in 37 years. Economists expect to see a similar uptick in what consumers are paying for food at retail when the Labor Department releases its consumer price index Thursday.

“Food prices have been rising a lot faster, because underlying costs have really shot up. You’re seeing some ingredients up 40%, 50%, 60% over last year,” said Ephraim Leibtag, a U.S. Department of Agriculture economist. “When you see wheat prices close to 80% up, that’s going to ripple out to the public.”

Then there’s the skyrocketing gasoline and fuel prices which are just crushing Americans.  Which, by the way, are likely to hit $5 a gallon before summer.  I hope you agree with Obama and Democrats that it’s better that your children suffer than that we harness our own massive oil potential.

Thanks, Barry Hussein.  We should all be chanting with your spiritual mentor for 23 years: “No, no, no!  Not God bless America!  God damn America!”

You wanted it.  You got it.

It’s a good thing we spent an entire year passing ObamaCare.  Because who really needs an economic base?  And so what if it’s profoundly unconstitutional?  And so what if the economy goes straight down to hell where one day Democrats will be spending eternity for murdering 53 million innocent human beings.

This is Obama’s God damn America.

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April 8 CNNMoney Headline: ‘Jobless Claims Soar’

April 9, 2010

Let’s see: new home sales plunge to their lowest levels since 1963, while jobless claims soared to the highest levels seen since December 2008 (when Obama was routinely comparing the economy to the Great Depression).

Clearly, everything is just going swimmingly under Barry Hussein.

Jobless claims soar
By Chavon Sutton, staff reporterApril 8, 2010: 11:59 AM ET

NEW YORK (CNNMoney.com) — The number of Americans filing for unemployment insurance for the first time jumped last week, according to government data released Thursday.

There were 460,000 initial jobless claims filed in the week ended April 3, up 18,000 from an upwardly revised 442,000 the previous week, according to the Labor Department’s weekly report. […]

The report also said that 4,550,000 people filed continuing claims in the week ended March 27, the most recent data available. That figure, the lowest level since Dec. 20, 2008, was down 131,000 from the preceding week’s 4,681,000 claims, and below the 4.63 million economists expected, according to Briefing.com.

The 4-week moving average for continuing claims was 4,648,250, a decrease of 36,000 from the preceding week’s revised average of 4,684,250.

Continuing claims data exclude people whose benefits expired or those who have moved to state or federal extensions. It reflects those filing each week after their initial claim until the end of their standard benefits, which usually last 26 weeks.

The numbers forced the Associated Press to trot out their favorite Obama-apologist adverb.  They said “jobless claims increased ‘unexpectedly.’

Last week Obama was trumpeting government unemployment numbers that did not budge the 9.7% unemployment rate as if all his asinine policies had somehow been vindicated:

“Today is a promising day,” Mr. Obama told workers assembled inside Celgard LLC, the Charlotte, N.C.-based company that makes parts for high-tech batteries. “We are beginning to turn around. More Americans are now getting up, getting dressed and going to work.”

But however the government did its calculations, private payrolls actually fell in March.

The illusory numbers Obama trumpeted were front-page headlines for the major media.  But then the usual “unexpected” revisions come, and the liberal propaganda machine suddenly loses interest in the story.

Meanwhile, underemployment, which many economists view as the “real” unemployment measure, increased to 20.3%.  When people give up looking for work, or finally give up and settle for a job far beneath their potential, they “fall” off the jobless rolls.  We could actually have Great Depression unemployment levels, and still show artificially low unemployment numbers. Discouraged workers who give up are not counted in official unemployment statistics, and over a million unemployed workers aren’t being counted.

The fact is that a total of 6,130,000 workers had been unemployed for 27 weeks or more in December 2009, the most ever since the data were first collected in 1948, and more than double the 2,612,000 unemployed for a similar length of time only a year ago.  Does that sound like Obama is succeeding???

People said of the Great Depression: “It wasn’t so bad if you had a job.”  FDR kept optimistically promising that relief was just around the corner.  Meanwhile, his policies prolonged the depression by seven years until finally even his own Treasury Secretary said:

“We have tried spending money. We are spending more than we have ever spent before and it does not work. And I have just one interest, and if I am wrong… somebody else can have my job. I want to see this country prosperous. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promises… I say after eight years of this Administration we have just as much unemployment as when we started… And an enormous debt to boot!” – Henry Morganthau, FDR’s Treasury Secretary, May 1939

In April 1939 unemployment was 20.7%.

Obama keeps telling us how magnificently we are recovering, and the dinosaur lamestream media keeps reporting it as if it were true.

Meanwhile he keeps piling on shocking and totally unsustainable deficit levels that will ultimately implode the U.S. into a Great Depression unlike anything we have ever seen.

But under Obama, unsustainable is the new normal.

When we  finally awaken to our sobering senses, we will find we have been led by the nose and duped by lies.

Obama Continues To Resort To Fabrication To Pimp His Porkulus

October 30, 2009

It would be nice if the Obama administration got its narrative straight.  Christine Romer, the chair of Obama’s Council of Economic Advisers, says that the stimulus pretty much had all the effect it’s going to have.  And while she’s saying that, Treasury Secretary Timothy Geithner is proclaiming that the stimulus was designed with a two-year horizon and that “half that effect is still ahead of us.”  Maybe they could get together and cook their story.

It wouldn’t hurt if the White House got its basic facts straight, while they were at it.

From the AP, in an article entitled, “Stimulus Watch: Stimulus Jobs Overstated In Report”:

WASHINGTON – The White House is promising that new figures being released Friday will be a more accurate showing of progress in President Barack Obama’s economic recovery plan. It aggressively defended an earlier, faulty count that overstated by thousands the jobs created or saved so far.

Ed DeSeve, serving as Obama’s stimulus overseer, said the administration has been working for weeks to correct mistakes in early counts that identified more than 30,000 jobs paid for with stimulus money. He said a new stimulus report Friday should correct many mistakes an Associated Press review found that showed the earlier report overstated thousands of stimulus jobs.

“I think you’ll see a pretty good degree of accuracy,” DeSeve said in an interview.

White House spokesman Robert Gibbs downplayed errors in job counts identified by the AP’s review, telling reporters, “We’re talking about 4,000, or a 5,000 error.”

The AP reviewed a sample of federal contracts, not all 9,000 reported to date, and discovered errors in one in six jobs credited to the $787 billion stimulus program — or 5,000 of the 30,000 jobs claimed so far.

Even in its limited review, the AP found job counts that were more than 10 times as high as the actual number of paid positions; jobs credited to the stimulus program that were counted two and sometimes more than four times; and other jobs that were credited to stimulus spending when none was produced.

For example:

• Some recipients of stimulus money used the cash to give existing employees pay raises, but each reported saving dozens of jobs with the money, including one Florida day care that claimed 129 jobs saved.

• A Texas contractor whose business kept 22 employees to handle stimulus contracts saw its job count inflated to 88 because the same workers were counted four times.

• The water department in Palm Beach County, Fla., hired 57 meter readers, customer service representatives and other positions to handle two water projects. But their total job count was incorrectly doubled to 114.

Those errors were included in an early progress report on the stimulus released two weeks ago that featured numerous mistakes, including a Colorado business’ claim that its stimulus contract created more than 4,200 jobs. TeleTech Government Solutions actually hired 4,231 temporary workers for its stimulus project, but most of them worked for five weeks or less and the others no more than five months, company president Mariano Tan said.

The short-term positions should have been reported as 635 full-time, 40-hour-a-week jobs under the government’s method of calculating stimulus work, Tan said.

Now, first of all, stop and contemplate the farce that is going on here.  We have lost 3 million jobs since Obama bluffed and pandered his generational theft act through Congress.  And they are touting 30,000 jobs as a success?  I mean, 30,000 jobs created or saved is a massive failure on its face.  And then it turns out that even many of those 30,000 jobs are bogus.

Obama promised his Wreckovery Act would create 3 million new jobs.  The fact that he now has to play games to create the illusion that he “saved” or created a minuscule 30 thousand jobs is a screaming testimony to what a failure Obama has truly been.

The White House, according to media reports, is blasting the Associated Press for exposing this new Obama administration fabrication.  I guess they’re not a “legitimate news agency,” either.

The Obama administration has been pumping sunshine (a polite synonym for “lying”) practically since the day their porkulus generational theft act was passed back in February.  That was when Obama officials falsely promised the country that they would be able to keep unemployment below 8% if we gave them their stimulus.  Even liberals are increasingly acknowledging that Obama has been a total bust at job creation.

Obama now has a documented history of fallacious expectations and highly selective cherry-picking of “facts”.  It is par for the course for a president who only knows how to campaign, rather than to lead or to actually solve problems.

And nothing has been more completely fraudulent that their repeated attempts to argue that their Wreckovery Act created jobs.

The reality is that the European leaders who predicted government stimulus would fail to improve the economy were right, and Obama was wrong.  There is a clear correlation between stimulus money and unemployment, but it isn’t the kind of correlation Obama wanted: the more spending by government, the higher the unemployment rate.

We’re told that the economy grew by an annual rate of 3.5% last quarter, and that this signals the recession may be over.  But there’s a little factoid that needs to be understood, namely:

Economists forecast the nation’s total output grew at an annual rate of 3.3 percent between July and September, after contracting for a record four straight quarters. That growth has been fueled by a huge influx of government cash, including a temporary tax credit for first-time homeowners and a $1.25 trillion Federal Reserve program to keep mortgage rates low.

In other words, the GDP grew, my hind end.  Rather, the government spent a ton of money, the result of which was to artificially pump up the economy.  It’s the equivalent of borrowing a ton of money you don’t have to buy a car you can’t afford in order to impress your neighbors.  Only it’s Obama instead of you, and it’s trillions of dollars rather than thousands.

As a result of this fraud, the administration can pump up a number.  But the reality is very different.  Consumer confidence “unexpectedly” dropped in October just as we’re entering the critical Holiday shopping season, meaning the American people aren’t falling for the ruse.  And new home sales took an “unexpected” dump into the toilet to throw a bucketful of cold water into the face of anyone naive enough to buy the myth that we’re going to rise above our housing market woes.

As a result of too many partisan political shenanigans over too long a time, most Americans – by a solid 52% to 36% majority – believe that Obama has the country on the wrong track.

I would submit that a little more honesty, and a lot less bullpuckey, would go a long way.