VIDEO ON MSN MONEY
Slow Recovery? What Recovery?
Why not even one mention of globalization?
Why not even one mention of the lack of additional progress in meaningful productivity innovation?
QE is simply providing liquidity, increasing money supply and forcing asset bubbles at the expense of savers and the USD.
This is a managed decline of America, pure and simple.
I wish this wasn't the case, but unlike a politician, I speak with a straight tongue.
You want a recovery? Then vote those crooks out of the House, out of the Senate and by God, out of the White House in 2014 and 2016. Campaign contribution reform and a balanced budget amendment will round out this new dawn.
Fast forward 5 years since the meltdown. Feeble attempts and half **** regulations meant to right the ship that was listing have proved to be less than effective. Census data shows in 2000, 31% of households were paying 30% or more of their income for a house. In the year 2010, that percentage was yup to 52%.
The most expensive purchase most middle class Americans will make in their lifetime consumes 22% more of their income than it did 13 years ago. Remember the good old days when we had money for vacations, golf, evenings out, new cars, health care and so on. No wonder the economic recovery is so slow! This isn't rocket science people. We seem to ( at least the evening news seems to) use housing as a barometer for the recovery. The last thing middle class Americans need is housing to recover to 2008 levels. The 2008 home values were way over inflated. "Recovering" to that level will only result in another disaster. The mortgage industry needs good effective regulations, written by those knowledgeable of the middle class residential housing market. We need stricter recovery methods for the housing market, stricter oversight of our mortgage industry, better appraisers willing to kill a deal that is obviously over priced. The housing market is still a mess and appears to be back on the road to another meltdown if we don't check recent increases in residential housing.
BTW: You forgot to add Real: climate change.
IT WOULD BE FUNNY IF NOT SO PATHETIC HOW MANY MORONS STILL ARE DEFENDING
OBAMA AND DEMONCRATS ON EVERY FAILED POLICY AND SCANDAL THAT IS ALL OUT
THERE BUT OBAMA'S PROGRESSIVE ACTIVIST ARE MASTERS OF MANIPULATION ALONG
WITH THE LEFT WING BIAS MEDIA! AMAZING HOW NOT ONE OF THESE SLUG KISS ****
LIBERAL REPORTERS WILL ACTUALLY REPORT THE TRUTH! OBAMACARE IS A DISASTER
AND EVERYBODY KNOWS IT AND IT HAS DEATH PANELS AND COST ARE SKYROCKETING
AND CARE WILL BE CUT AND IT WILL DESTROY THE HEALTHCARE SYSTEM UNLESS THE
RIGHT CAN WAKE UP LIKE CRUZ AND KICK SOME DEMONCRAT **** AND START YELLING
AND SCREAMING AND STOP LETTING OBAMA AND THE MEDIA PUSH THEM AROUND!
GET BACK THE SENATE AND THEN STOP OBAMACARE AND THE EPA NAZIS AND ALL
THIS WELFARE NANNY STATE SOCIALIST ANTI AMERICAN AGENDA! RANGEL IS ON
RIGHT NOW SAYING JESUS WOULD WANT AMERICA TO BE A NANNY STATE! REALLY?
I THOUGHT THESE LEFT WING ABORTIONIST NO MORAL DEMONCRATS DIDN'T BELIEVE
IN GOD???? ONLY WHEN THEY NEED TO PUT ON A ACT OF SYMPATHY THEY USE THEIR
SO CALLED RELIGION! PELOSI A CATHOLIC? WHAT A FING JOKE! HYPOCRITES! ALL OF
THEM! THE BRAINWASHING OF THE YOUTH IS ONE OF THE BIGGEST ISSUES BUT NOT
ONE FROM THE RIGHT IS TALKING ABOUT IT! THE LAST FEW GENERATIONS KNOW
NOTHING ABOUT REAL AMERICAN HISTORY AND HOW HARD LIFE REALLY IS AND
NOTHING IS FREE OR EASY AND BIG GOVT TAKING YOUR FREEDOM ISN'T FREE!
WHO OTHER THAN OBAMA DEMONCRATS AND THEIR FRIENDS ARE BETTER OFF NOW?
This guy is an idiot. Under Obama the dollar has lost half its value against the Australian Dollar (a commodity driven economy) and a third against China. The Fed's monetary policy is largely responsible for this and is reflected in consumer prices for things like food and gas. What drives the irresponsible Fed policy is Obama's excessive govt spending and trillion dollar deficeits. The top 1 percent have done very well....They now save 37 percent of their income compared to 10 under Bush (who was also bad), And last year they averaged 20% income gains.
The only tight money policy that exists is for the little guy and start up businesses. There is no funding available for new business stat-ups and this is what is causing the ongoing jobs recession. Between 1980 and 2007 virtually 100 percent of net job gains in the USA came from businesses that have existed for five years or less. What we have is the rise of American Fascism...Government of the big by the big and for the big. Big givernment, Big banks, Big bussiness and Big labor....It is frightening.
"The problem is that the Fed is accountable to no one"
Incorrect. It is accountable to me and you. WE are obligated to repay what it creates. I have no intention of doing so and I hope you agree. I want to see the "Fed" come after US. I want to know the financial army that will make me bow to them. I vote for a new currency sans a Federal Reserve with any access to it and a government that asks US how and when to use it. You don't insist on building a new aircraft carrier while forcing people to rely on Dollar Menu items and food stamps because you replace jobs with computers and Founders with college morons whose "talent" is finance bookkeeping and golf.
The democraps are in power, marxist radical whackout illegal regime, filled with pigs hell-bent on destroying a once great nation through fear, lies and control, simple as that, 5yrs of this!! five years of a 'black guy' you guilty white azzholes got tricked into voting for to assuage your guilty conscience that you're 'not raaaaaaaaaacist!' it's all on you azzholes, that's why we're in a financial economic free fall and it's gonna get soooooo much worse when osamacare kicks in, you morons ain't seen a damn thing yet, and remember YOU MADE IT SO!! YOU GOT YOURSELF TRICKED INTO VOTING FOR A BLACK GUY WHO'S CREATED A DISASTER DOMESTICALLY AND INTERNATIONALLY! BEN GHAZI, THE EGYPT DISASTER, ALQAEDA REGROUPING AND WREACKIN' HAVOC ACROSS THE GLOBE, AND IN BOSTON! you stupid moronic ignorant sons' of whores did this, all due to your guilt! feeling good now? (and I don't give a rats azz if anyone is ofeeeeeeeeeeeeeeeended but TRUTH IS TRUTH) you done feelin' guilty? well it's too late now isn't it....it's gonna take soooooo much work to undo your 'black guilt mistake' in the white house! sooooo much work!
We don't have a revenue problem, we have a spending problem.
Santa Claus got outta control and the gimme gimme groups soaked it up.
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[BRIEFING.COM] The S&P 500 (+0.1%) hovers right above its flat line with seven sectors sporting gains.
Market participants received just one economic data point today (June Pending Home Sales -1.1%), but the rest of the week will bring a full slate of data. Tomorrow, the Case-Shiller 20-city Index (Briefing.com consensus 10.0%) will be released at 9:00 ET, while the July Consumer Confidence report (consensus 85.6) will cross the wires at 10:00 ET.
As the week progresses, ... More
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