Obamaconomy - LIVE!!!

In an upper class neighborhod with 2X the states avg income.
He is looking for donors more than voters this trip.
 

"New single-family home sales surged in September to their highest level in nearly 2-1/2 years, further evidence the housing market recovery is gaining steam.

The Commerce Department said on Wednesday sales increased 5.7 percent to a seasonally adjusted 389,000-unit annual rate - the highest level since April 2010, when sales were boosted by a tax credit for first-time homebuyers.

The housing market is on the mend after collapsing in 2006 and dragging the economy through its worst recession since the Great Depression. Home sales are increasing, pushing down the stock of unsold properties, giving a modest lift to house prices and builders' confidence to take on new projects.

However, the housing market recovery lacks the muscle to take the baton from manufacturing as the main driver of the economic recovery."

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"News flash for anyone looking for a house on the cheap: Foreclosed homes probably aren’t the bargain you’re expecting, and certainly not the bargain they were several years ago.

Nationally, the average discount on a foreclosure in September was only about 8 percent below market value, according to an analysis by Zillow. That’s a significant change from the 24 percent average markdown in 2009, during the depths of the housing bust, and another signal that the country’s housing market is inching toward recovery.

“There’s no such thing as a fire sale on a foreclosure right now,” said Marc Joseph, a real estate agent in Fort Myers, Fla., who has carved a profitable niche in recent years selling foreclosures in the Sunshine State. “We’re getting back to that point where if something good hits the markets, we’re getting multiple offers again. That’s been happening the past six months.”

But in many hard-hit markets, particularly ones where home prices fell sharply and investors and buyers have swooped in to buy up foreclosures, discounts have all but vanished. Zillow found that in Las Vegas and Phoenix, there is “no discernible difference” between foreclosure and non-foreclosure sales. Discounts have shrunk to less than 1 percent in Sacramento, 3 percent in the Miami-Fort Lauderdale area and barely 4 percent in Los Angeles."

:eusa_whistle:
 

"Chrysler Group LLC, the U.S. automaker majority owned by Fiat SpA, said on Thursday it will invest $238 million to boost engine and truck production in Michigan and add up to 1,250 jobs to meet new demand.

The company is spending $198 million to make its Pentastar V6 engine at the Mack I Engine Plant, which currently builds a larger engine for the Ram 1500 truck. Production will begin in early 2014 and Chrysler may add up to 250 jobs there, subject to market conditions.

The automaker is spending $40 million to install a flexible production line at its Trenton North plant, which can build both the V-6 engine and the Tigershark four-cylinder engine.

Chrysler also will add 1,000 new jobs on a third shift at its Warren Truck Assembly Plant, which builds the 2013 Ram 1500 truck."

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:udaman:


:woohoo: . :woohoo: . :woohoo: . :woohoo: . :woohoo: . :woohoo: . :woohoo:
 
November 19, 2012

Stock Futures UP

"Stock index futures started a holiday-shortened week higher on Monday, with signs of progress in Washington talks to resolve the fiscal crunch lifting investors' mood.

Leading Democratic and Republican lawmakers expressed confidence on Sunday that they could reach a deal to avert the "fiscal cliff" even as they laid down markers on raising taxes and spending cuts that may make any agreement more difficult. European stocks also reacted by rising from a 3 1/2-month low.

Democratic Senator Dick Durbin said on CNN, "What I hear is a perceptible change in rhetoric from the other side."

Also appearing on CNN, Republican Representative Tom Price said, "Every member of our caucus appreciates that this fiscal crisis, this challenge that we have, is ever closer." Opinion polls show that Republicans would shoulder more of the blame if the country goes over the fiscal cliff."

:clap2: . :clap2: . :clap2: . :clap2: . :clap2: . :clap2: . :clap2:
 

"Shares of homebuilders and home construction supply companies got a lift Tuesday from a report that builders started construction last month on the most homes and apartments since July 2008.

The data from the Commerce Department followed two other positive housing reports on Monday, providing further evidence that the housing recovery is gaining strength.

Persistently low mortgage interest rates and a limited supply of homes in many markets have helped drive sales of new and previously occupied homes on pace to eclipse last year's sales, which sank to the lowest level in decades.

The increased demand for homes has helped fuel new home construction, benefiting homebuilders and the companies that supply everything from lumber to drywall and flooring.

On Tuesday, the Commerce Department said that builders broke ground on homes in October at a seasonally adjusted annual rate of 894,000. That 3.6 percent gain from September was driven by a 10 percent increase in apartment construction."

:party: . :party: . :party: . :party:


:thewave:


:woohoo: . :woohoo: . :woohoo: . :woohoo: . :woohoo: . :woohoo: . :woohoo:
 

"Black Friday retail sales online this year topped $1 billion for the first time ever as more consumers used the Internet do their early holiday shopping, comScore Inc said on Sunday.

Online sales jumped 26 percent on Black Friday to $1.04 billion from sales of $816 million on the corresponding day last year, according to comScore data."

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November 25, 2012

2013;
U.S. Looks BE$T
!!

"Here's a fairly safe bet for uncertain times: the U.S. economy will once again show the euro zone and Japan a clean pair of heels next year.

Forecasts for 2013 that are now landing thick and fast show Federal Reserve Chairman Ben Bernanke is not alone in believing it could be a very good year for America if politicians can avoid tumbling off the so-called fiscal cliff.

Updated gross domestic product figures due on Thursday are likely to show the U.S. economy was already doing quite a bit better than first thought last quarter.

According to 60 economists polled by Reuters, the initial estimate of 2.0 percent growth at an annualized rate is likely to be revised up to 2.8 percent."

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:udaman:


:eusa_dance: . :eusa_dance: . :eusa_dance: . :eusa_dance: . :eusa_dance: . :eusa_dance:


:thewave:
 
You can tell BUSHCO's GONE!!!

*​


"In the early days of the Obama administration, I sat in a Capitol Hill hearing room and listened to Harry Markopolos, the whistle-blower in the Bernie Madoff scandal, bemoan the toothless Securities and Exchange Commission.

The SEC, which ignored his warnings about Madoff, is “captive to the industry it regulates, and it is afraid of bringing big cases against the largest, most powerful firms,” he said. “The SEC continues to roar like a mouse and fight like a flea. . . . I gift-wrapped and delivered the largest Ponzi scheme in history to them, and somehow they couldn’t be bothered to conduct a thorough and proper investigation.”

But since then, the private investigator has come upon a rather different trail of evidence. “There’s a total sea change at the agency Markopolos told me Tuesday. “They are aggressive. There’s no more free passes on Wall Street. They eagerly seek out big cases. . . . They used to be industry’s lapdog and now they’re actually an investor’s watchdog

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November 30, 2012

UNIONS; Gettin' It DONE!!

"This waiver of the four-quarter requirement is made in recognition of the tremendous contribution you have all made to the performance of our facilities and to the revival of Chrysler," Chief Executive Sergio Marchionne said in a letter to employees.

According to the agreement, Chrysler said UAW members were to receive the bonus in two equal payments with the initial piece paid upon ratification followed by the second payment if certain financial goals were met for four consecutive quarters.

Chrysler said about 26,200 hourly workers represented by the UAW are eligible for the payment. The payment is in addition to the $500 quality-related bonus that will be paid on December 7."

:thewave:
"Republicans & Teabaggers SUCK!!!"
 
December 1, 2012

CAPE WIND!!

"We are now seeing the beginning of tangible evidence of our successful election. This is a win-win situation; for the environment, for jobs and for energy independence."

:woohoo: . :woohoo: . :woohoo: . :woohoo: . :woohoo: . :woohoo: . :woohoo:
 
If the economy keeps improving, the 'Conservative' are going to have a heart attack. If fact, their only hope at present is to run us off a 'fiscal cliff'. And that might turn out to be a real loser for them. For the majority of Americans realize by now that the present GOP cares nothing about the average citizen, only about the 1%.

Should the GOP choose the 'Fiscal Cliff', they may find an 'Election cliff' in 2014.
 

Yep. Every time we get good economic news, the 'Conservatives' just come on with that 'Well, that just proves things are getting worse' line. Europe choose the path the 'Conservatives' are recommending for the US, and they are lagging far behind us in recovery.

I expect that the next four years will see a good recovery, and that we will see new jobs in technological sectors that we have previously lagged in. And the whole time the 'Conservatives' will be moaning about buggy whip manufactures going out of business.
 

Yep. Every time we get good economic news, the 'Conservatives' just come on with that 'Well, that just proves things are getting worse' line. Europe choose the path the 'Conservatives' are recommending for the US, and they are lagging far behind us in recovery.

I expect that the next four years will see a good recovery, and that we will see new jobs in technological sectors that we have previously lagged in. And the whole time the 'Conservatives' will be moaning about buggy whip manufactures going out of business.

oh YAWN
 

Yep. Every time we get good economic news, the 'Conservatives' just come on with that 'Well, that just proves things are getting worse' line. Europe choose the path the 'Conservatives' are recommending for the US, and they are lagging far behind us in recovery.

I expect that the next four years will see a good recovery, and that we will see new jobs in technological sectors that we have previously lagged in. And the whole time the 'Conservatives' will be moaning about buggy whip manufactures going out of business.

oh YAWN
Oh, hell, Stephanie. Go ahead. Post some con dogma. Plenty of it out there. Throw in some hate. It will make you feel so much more alive.
 

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