Posted in the Blairsville Forum
#1 Apr 11, 2013
The recent economic news is cause for celebration:
- The government's revenue rose as more people got jobs and received income. This pushed receipts up to $2.449 trillion in 2012, up 6.4 percent from last year, according to the Treasury Department.
The 2009 ended up at a record $1.41 trillion, due, to higher government spending to fight the worst recession since the Great Depression, tax cuts 2001 and 2003 tax cuts, and wars in Iraq, Afghanistan, and Pakistan.
The Congressional Budget Office (CBO) projects the 2013 âbaselineâ federal budget deficit will be $845 billion.
The annual Budget Deficit has been cut from $1.4 Trillion to $845 Billion - a savings of $555 Billion a year - and as the country recovers from the Bush Recession it is expected to drop even further.
#2 Apr 11, 2013
Stock Market Hits All-Time High
Both the Dow Jones Industrial Average and S&P 500 ended at historic highs with the S&P finally surging above 1576, the previous record set in October 2007.
Gains were broad, with all but two of the S&P 500's 10 primary sectors up more than 1 percent. More than three-fourths of stocks traded on the Nasdaq ended higher, while 73 percent of New York Stock Exchange-listed shares advanced.
#3 Apr 11, 2013
Refinance and Mortgage Rates Today:
Standard 30 year FRMs have been listed at 3.500% with an APR of 3.672% today.
Shorter term 15 year fixed rate mortgage interest rates are being offered for 2.750% yielding an APR of 3.056%.
10 year loans have been published at 2.690% today with an APR of 3.135%.
The best 20 year loan interest rates are published at 3.375% today yielding an APR of 3.615%.
#4 Apr 11, 2013
More interesting news for Liberals:
MORE than half of Justin Bieber's Twitter followers are fake, according to social media analytics experts Socialbakers.
The Canadian teenager was crowned the King of Twitter earlier this year when he overtook Lady Gaga's follower count.
But it would appear the award was bogus as the study reveals Gaga has in fact got more real followers.
Justin, 19, leads the top ten Twitter accounts for fake fans with around 45 per cent of his following believed to be completely phony.
This means Justin actually has around 17.8 million followers compared to Gaga's 19 million. The only other person with thousands of fake followers is President Obama giving Beiber and the leader of the free world something in common.
#5 Apr 11, 2013
I thought Michael Jackson was dead and we didn't have to worry about grown men and their obsession with young male performers - but here we are again.
Don't worry - my kids tell me "Justin" is an adult - so you can obsess about him all you want - and when gay marriage is legal - you can make an honest man out of him.
Good luck !
Meanwhile, while you emailing your heartthrob, I'm gonna post some more positive news to cheer us all up.
#6 Apr 11, 2013
Please do that Maybe you can cheer up the 90,000,000 people out of work. All Bush's fault, of course. Hey!! I know!! How about a gigantic soul concert for all of the people without jobs?
#7 Apr 11, 2013
Boo Hoo, Boo Hoo,
it's not the White House anymore.
#8 Apr 11, 2013
Your right- let's not blame Bush and the Right Wing Wackos because they destroyed the economy and debated the country over 4 years ago. That ancient history to a Right Wing Wacko - after all - the Earth is only 6,000 years old.
4 years - who could possibly expect those already overwhelmed by the intellectual challenges posed by microwave popcorn to be history experts - my goodness - it over four whole years ago.
But those of us who can actually spell "history" - we remember :
- Clinton leaving us with a balanced budget and Bush leaving us with a $1.4 Trillion Dollar annual budget deficit;
- The Great Banking Disaster that Bush left that required $700 Billion to repair;
- The three wars costing $1.6 Trillion a year and $5.6 Trillion on total, that were not paid for Bush and his Right Wing Wackos left us;
- The national debt that Clinton was paying down, and Bush and his Right Wing Wacko "economists" left us -doubled;
Yep, imagine the talk in Germany after WW II when Europe was being rebuilt :
Right Wing Wacko : "how long you gonna blame the Nazis - why that was over 4 years ago - those bombed out buildings and those millions dead - that's ancient history - blame whoever is trying to pay to repair the disaster - I know - let's re-elect those guys we had back in '39 - they'd fix this place up in a minute.
#9 Apr 11, 2013
The economy is cyclical. The banks/mortgage brokers, etc. failed because the Liberals required them to give unmerited loans to people that couldn't repay them. To keep from going broke, the banks had to mix some of those bad loans with good loans to resell them and spread out the risks. The Liberals are again forcing the banks, etc., to give bad loans.
That was a result of the Republicans pushing for a balanced budget and Clinton playing as a team member, unlike the current regime with it's Chicago tactics.
We've covered that above.
And the current regime is paying for all of its trillions spent? LOL.
#10 Apr 11, 2013
And Obama's account is run by the Organizing for Action staff,
a non-partisan, not-for-profit group that isn't overly concerned if you didn't notice the transition.
Really? a non-partisan group.
#12 Apr 11, 2013
The White House Office of Management and Budget (OMB) released figures with President Barack Obamas 2014 budget that reveal he will become the first president in U.S. history to spend $4 trillion in a single year.
In fiscal 2016, the OMB says Obama will spent $4.0898 trillion and $4.2474 trillion in fiscal 2017. Obama will vacate the Office of President four months into fiscal 2017 on January 20, 2017.
OMB projections indicate the budget will never balance under Obamas budget plan.
#13 Apr 11, 2013
Please - Right Wing Wacko Bush supporters who lavished praise on the cowardly war criminal as he turned a budget surplus into a $1.4 Trillion Dollar deficit - are hardly credible economic critics.
#14 Apr 11, 2013
Consumer spending rose 0.7 percent in February, picking up at the fastest clip in five months. The growth was higher than many analystsâ forecast and further evidence that the US economy is continuing its slow but steady recovery.
Home prices continue to rise steadily: The S&P/Case-Shiller 20-city home price Index rose 1.02 percent in January from December, which also saw an upwardly revised increase of 0.92 percent.âNone of this means housing is back to normal,â writes Brian Westbury, chief economist at research firm First Trust, in an e-mailed analysis.âItâs still got a long way to go, but it appears to be solidly on its way. We expect more big gains ahead.â
The Reuters/University of Michigan Consumer Sentiment Index saw an unexpected increase in consumer confidence for March, reporting that this monthâs lower gas prices, stock market highs, and housing recovery allayed concerns over federal spending cuts.
GDP a slow but pleasant surprise: The US Commerce Department revised estimates of 2012 fourth-quarter economic growth upward. The 0.4 percent annualized growth rate was the slowest since 2011, but higher than what analysts had originally predicted.
#16 Apr 11, 2013
It's been 4 years for Obama to get the country off the mat, so far the country is still punch drunk thanks to Obama.
Libtards keep saying it's Bush's fault, but yet claim Obama is doing the best he can.
Well, 4 years the libtards have been saying it's getting better, and one of these days it might just get better seeing as how it can either go up or go down. If it goes down again, the screaming meenies will say it's Bush's fault.
We know Obama has done his best to make it go down and keep it there. but Obama has lost some of his magic and is not able to hold the country to the mat for long. Business is bound to get off the mat and have a comeback sooner or later. Of course when it happens, the libtards will be saying "I told you so."
I can say we're going to get rain and a lot of it, or the earth is heating up, or the earth might get cooler.
One of these days I would be right, and that is the philosophy of the Libtards, "one of these days."
#17 Apr 12, 2013
More great news !
April 11, 2013
The Price of Gold
The New York Times reported today, has fallen 17 percent since late 2011. Just on Wednesday, the price of bullion dropped $28, to $1,558 an ounce.
Gold-focused mutual funds, which reached a peak value of $26.3 billion in April of 2011, have lost half of their value since then.
The explanation for this decline is fairly simple: Despite what the Ron Pauls of the world have been insisting for years, the Federal Reserveâs loose monetary policy has not led to rampant inflation. The inflation rate was 1.6 percent in January and 2 percent in February.
#18 Apr 12, 2013
I like Soul Music, but first how about we look at some facts:
Surprise! Obama Is Creating More New Jobs Than George W. Bush
January 4, 2013
(Tony Gutierrez/AP; Charles Dharapak/AP)
Obama's job tally beats his predecessor's.
Obama can now boast that more jobs have been created during his first term than during that of his predecessor George W. Bush.
When Bush began his first term in January 2001, total nonfarm employment was 132.47 million. When his second term began four years later, it was 132.45 million, or effectively zero job growth.
From February 2001 to February 2005, the economy created 164,000 jobs, for a 0.1 percent gain during Bush's first term. From February 2009 through December 2012, the economy created nearly 1.2 million jobs, a 0.9 percent improvement.
Obama took office during the worst financial crisis since the Depression, as companies were laying off workers by the thousands. His first priority was stabilizing the banking system to prevent another depression.
During Obama's very first month in office, employers shed 800,000 jobs.
The recession Obama inherited was more than a year old when he took office, and it officially ended five months later. It took considerably longer for the job market to bottom out.
Since February 2010 about 4.8 million net new jobs have been created, an average of about 140,000 per month.
Job growth has now ticked up to about 150,000 per month. If that pace continues, the economy will end up creating more jobs under Obama in four-and-a-half years than it created under Bush in a full 8 years.
#19 Apr 12, 2013
The "jobs" created were Federal Government jobs. They are a drain on the country.
#20 Apr 12, 2013
You need to get a better source than the editorial pages of the New York Times and its Juliet Lapidos. Juliet is also on the staff of Slate Magazine, where nearly every employee is a pawn of Obama, 96% of staff said they were going to vote for Obama against McCain. In Juliet's own words, "I'm a big-government liberal ..."
#21 Apr 12, 2013
Stiglitz Says More Fiscal Stimulus Needed in U.S.: Tom Keene
By Jeanna Smialek - Apr 9, 2013 11:20 AM ET
The U.S. economy needs more fiscal stimulus because monetary policy has little traction and government spending cuts threaten the expansion, Nobel Prize- winning economist Joseph Stiglitz said.
What we need now is another round of stimulus to get out of the doldrums, Stiglitz, a Columbia University professor, said today on the Bloomberg Surveillance television program with Tom Keene and Sara Eisen.We cant rely on exports given the weaknesses in Europe.
Without President Barack Obamas 2009 stimulus package, unemployment would have peaked at more than 12 percent instead of the 10 percent high it hit in October of that year, Stiglitz said. Now, he said America is undergoing austerity by a slightly different name with public-sector job losses that could undermine growth.
Since the latest recession began in December 2007, public payrolls have dropped by 511,000, according to Bureau of Labor Statistics data compiled by Bloomberg. The jobless rate was 7.6 percent in March and the economy added 88,000 jobs, the smallest gain in nine months and less than the lowest economist estimate in a Bloomberg survey.
To bolster growth, the U.S. must use fiscal policy because the central banks efforts have very little effect, at present, Stiglitz said. The Federal Reserve has been buying $85 billion in Treasuries and mortgage-backed securities each month in an effort to spur economic improvement....
#22 Apr 12, 2013
And has failed miserably. Also NO ONE else would buy the sorry debt!
Obama's legacy will be,
SPEND! SPEND! SPEND!
Thanks for the info, although I believe you thought it would serve
the purpose of making people believe Obama is a great president when the opposite is true.
Keep up the good work, with every post you make, you put another nail in Obamas coffin.
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