Hello Fall, Goodbye Recovery
Do you remember the Obama administration's festive "Recovery Summer" events of the past few months? Well, summer is over now and so is the recovery.
Unemployment, as measured by Gallup without seasonal adjustment, increased to 10.1% in September -- up sharply from 9.3% in August and 8.9% in July. Much of this increase came during the second half of the month -- the unemployment rate was 9.4% in mid-September -- and therefore is unlikely to be picked up in the government's unemployment report on Friday.
Nothing like the new certainty of higher tax rates in January--Harry Reid had time enough to push the DREAM Act, but not to consider tax relief for, well, for anybody--combined with crushing uncertainty about coming healthcare costs, cap and trade, and whatever else the President has planned for 2011.
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Jul '10
Re: Hello Fall, Goodbye Recovery
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Jul '10
Re: Hello Fall, Goodbye Recovery
But, George, it could have been 14 or 15 percent!
You should be thanking our President.
Or is this, um....a race thing?
May '10
Re: Hello Fall, Goodbye Recovery
You want to really feel good about 2011? Check out what this guy has to say about the impending mortgage crisis. Apparently all the time we bought since the election all runs out next year.
http://www.businessinsider.com/chris-whalens-foreclosure-crisis-2010-10
Re: Hello Fall, Goodbye Recovery
Trace, my own experience tells me that something is going on--bankers certainly don't want to write loans. I am trying to refinance my mortgage, with the existing lender, at a lower interest rate, and a lower principal amount. I've banked with the same institution for 15 years, and the current eight-year-old loan has nary a late payment. Slam dunk, right?
Not so fast. So far my $600 fee--commission-based mortgages are illegal in the Age of Obama--has bought me two months of progressively more bizarre income documentation requests. How about this one from today: produce a year-to-date profit/loss statement from a twelve year old venture capital limited partnership in which I am an LP with a 0.94% share of the total equity--and my capital account is worth a whopping $3,000. Or the tax returns I have had to submit, then sign and resubmit, and now need to re-sign, re-date and re-resubmit.
If you need to borrow money, don't even bother.
Re: Hello Fall, Goodbye Recovery
Someone help me. I'm beginning to turn into a Conspiracy Nut. More people than ever on Unemployment? More people than ever on Food Stamps? GM Employees dependent on government bailout? More people soon forced to accept government supplied medical care? (Unless it gets defunded, etc.) And an administration not doing one thing to stop it, except create more subsidies. I'm beginning to see this as one big plan to keep the Dems in power forever. Have I lost my mind? Or am I just too sane.
Edited on Oct 7, 2010 at 8:18pmJul '10
Re: Hello Fall, Goodbye Recovery
Denise Moss: Someone help me. I'm beginning to turn into a Conspiracy Nut. More people than ever on Unemployment? More people than ever on Food Stamps? GM Employees dependent on government bailout? More people soon forced to accept government supplied medical care? (Unless it gets defunded, etc.) And an administration not doing one thing to stop it, except create more subsidies. I'm beginning to see this as one big plan to keep the Dems in power forever. Have I lost my mind? Or am I just too sane. · Oct 7 at 8:15pm
Edited on Oct 07 at 08:18 pm
Two words: Cloward-Piven.
That's not a conspiracy theory, it's a clearly-enunciated strategy.
Jul '10
Re: Hello Fall, Goodbye Recovery
Denise Moss: . Have I lost my mind? Or am I just too sane. · Oct 7 at 8:15pm
Edited on Oct 07 at 08:18 pm
Ask Wally.
Jul '10
Re: Hello Fall, Goodbye Recovery
Jimmy Carter
Denise Moss: . Have I lost my mind? Or am I just too sane. · Oct 7 at 8:15pm
Edited on Oct 07 at 08:18 pm
Ask Wally. · Oct 7 at 8:31pm
Wally is too busy trying to figure out how she's going to pay her share of the national debt.
Jul '10
Re: Hello Fall, Goodbye Recovery
Kenneth
Jimmy Carter
Denise Moss: . Have I lost my mind? Or am I just too sane. · Oct 7 at 8:15pm
Edited on Oct 07 at 08:18 pm
Ask Wally. · Oct 7 at 8:31pm
Wally is too busy trying to figure out how she's going to pay her share of the national debt. · Oct 7 at 8:55pm
Nothing like a "Sweet 16" bankruptcy party.
May '10
Re: Hello Fall, Goodbye Recovery
Kenneth
Two words: Cloward-Piven.
That's not a conspiracy theory, it's a clearly-enunciated strategy. · Oct 7 at 8:24pm
So much I learn from you Kenneth... some of which I would rather not have learned.
Edited on Oct 7, 2010 at 9:02pmJul '10
Re: Hello Fall, Goodbye Recovery
Trace Urdan
Kenneth
Two words: Cloward-Piven.
That's not a conspiracy theory, it's a clearly-enunciated strategy. · Oct 7 at 8:24pm
So much I learn from you Kenneth... some of which I would rather not have learned. · Oct 7 at 9:02pm
Edited on Oct 07 at 09:02 pm
Thanks, Trace...I think.
I scour the bowels of the web so you don't have to.
Jun '10
Re: Hello Fall, Goodbye Recovery
There's only one thing that Barack Obama doesn't waste like a bulimic fashion model wastes rich food (or like he wastes tax revenue and jet fuel) and that's a crisis. And if there's no crisis handy, he'll create one.
Edited on Oct 7, 2010 at 10:11pmRe: Hello Fall, Goodbye Recovery
Here's Glenn Beck, with a pretty good explanation of Cloward Piven. (I know, I know: but it's actually pretty solid...)
And here's the Cloward Piven entry in Wikipedia.
So two odd things have happened this morning in Paris, where I am. One, I've actually posted a Glenn Beck clip. And Two, I'm saying something I never thought I'd say: Kenneth, you're not crazy.