More Economic GOOD NEWS: New Home Sales Up 27%....largest jump in 47 years

[rightwinger]

Thank goodness for hard working Americans who decided to sell more homes but Obama still hasn't done shit. He hasn't sold a home, made a home, or even bought a home so what credit does he deserve for this? Was their a law mandating people buy homes? In fact, Obama has created less jobs than the private sector which means he sucks big time. Thank goodness for hard working Americans trying to make it out of this recession.

Hmmmmm
You have half the posters claiming home sales are up only because of Obamas incentives and good ole Ihopeobamafails claiming Obama hasn't done shit

Is there a common theme here?

 

[Vast LWC]

More good news!

Right-wing partisans can keep on denying the economic upswing, but it's here, and it seems to be getting stronger.

 

[rightwinger]

More good news!

Right-wing partisans can keep on denying the economic upswing, but it's here, and it seems to be getting stronger.

Now they get to change their tune to

"It would have happened faster without Obama"

 

[Vast LWC]

Now they get to change their tune to

"It would have happened faster without Obama"

No doubt.

FDR took this country from the worst economy we have ever experienced to the best economy in the world.

And he used Socialism to do it, taking control of the means of production throughout WWII.

But according to Conservative partisans, they "would have done it better".

Got to love the Coulterite revisionist history school of thought.

Now, I myself am not a "Socialist", but it's ironic that the exact other end of the spectrum from the Conservative "Free Market" system was the basis for the greatest economic growth in US history.

 

[rightwinger]

Now they get to change their tune to

"It would have happened faster without Obama"

No doubt.

FDR took this country from the worst economy we have ever experienced to the best economy in the world.

And he used Socialism to do it, taking control of the means of production throughout WWII.

But according to Conservative partisans, they "would have done it better".

Got to love the Coulterite revisionist history school of thought.

Now, I myself am not a "Socialist", but it's ironic that the exact other end of the spectrum from the Conservative "Free Market" system was the basis for the greatest economic growth in US history.

Fact is FDR turned the US into a modern society and built us into a Superpower

The republicans of the day prefered isolationism and "Prosperity is just around the corner"

 

[Dont Taz Me Bro]

I am not a fan of this administrations policies. But I can live with them as this is America at work; regardless of my own ideology.

But their lack of repsect of the intelligence of the American People is very disturbing.

The fact that Obama got elected and Bush got reelected tell me that the American people aren't that intelligent.

 

[Dont Taz Me Bro]

FDR took this country from the worst economy we have ever experienced to the best economy in the world.

And he used Socialism to do it, taking control of the means of production throughout WWII.

But according to Conservative partisans, they "would have done it better".

Got to love the Coulterite revisionist history school of thought.

Now, I myself am not a "Socialist", but it's ironic that the exact other end of the spectrum from the Conservative "Free Market" system was the basis for the greatest economic growth in US history.

FDR did no such thing. His policies, which were really nothing more than an extrapolation of Hoover's, were what dragged the Depression on for another seven years after he took office. It was WWII that pulled us out of it and the destruction of Europe that carried us for almost two decades to follow.

And who are you to refer to somebody else as partisan?

 

[The Rabbi]

FDR took this country from the worst economy we have ever experienced to the best economy in the world.

And he used Socialism to do it, taking control of the means of production throughout WWII.

But according to Conservative partisans, they "would have done it better".

Got to love the Coulterite revisionist history school of thought.

Now, I myself am not a "Socialist", but it's ironic that the exact other end of the spectrum from the Conservative "Free Market" system was the basis for the greatest economic growth in US history.

FDR did no such thing. His policies, which were really nothing more than an extrapolation of Hoover's, were what dragged the Depression on for another seven years after he took office. It was WWII that pulled us out of it and the destruction of Europe that carried us for almost two decades to follow.

And who are you to refer to somebody else as partisan?

The myth that FDR saved us fro the Great Depression, despite evidence he furthered and deepened it, is one that dies hard.

 

[boedicca]

The myth that FDR saved us fro the Great Depression, despite evidence he furthered and deepened it, is one that dies hard.

It's a total myth. As Burt Folsom notes, tax cuts, not the New Deal or WWII, caused the post war boom.

What about World War II? We need to understand that the near-full employment during the conflict was temporary. Ten million to 12 million soldiers overseas and another 10 million to 15 million people making tanks, bullets and war materiel do not a lasting recovery make. The country essentially traded temporary jobs for a skyrocketing national debt. Many of those jobs had little or no value after the war.

No one knew this more than FDR himself. His key advisers were frantic at the possibility of the Great Depression's return when the war ended and the soldiers came home. The president believed a New Deal revival was the answer—and on Oct. 28, 1944, about six months before his death, he spelled out his vision for a postwar America. It included government-subsidized housing, federal involvement in health care, more TVA projects, and the "right to a useful and remunerative job" provided by the federal government if necessary.

Roosevelt died before the war ended and before he could implement his New Deal revival. His successor, Harry Truman, in a 16,000 word message on Sept. 6, 1945, urged Congress to enact FDR's ideas as the best way to achieve full employment after the war.

Congress—both chambers with Democratic majorities—responded by just saying "no." No to the whole New Deal revival: no federal program for health care, no full-employment act, only limited federal housing, and no increase in minimum wage or Social Security benefits.

Instead, Congress reduced taxes. Income tax rates were cut across the board. FDR's top marginal rate, 94% on all income over $200,000, was cut to 86.45%. The lowest rate was cut to 19% from 23%, and with a change in the amount of income exempt from taxation an estimated 12 million Americans were eliminated from the tax rolls entirely.

Corporate tax rates were trimmed and FDR's "excess profits" tax was repealed, which meant that top marginal corporate tax rates effectively went to 38% from 90% after 1945.

Georgia Sen. Walter George, chairman of the Senate Finance Committee, defended the Revenue Act of 1945 with arguments that today we would call "supply-side economics." If the tax bill "has the effect which it is hoped it will have," George said, "it will so stimulate the expansion of business as to bring in a greater total revenue."

He was prophetic. By the late 1940s, a revived economy was generating more annual federal revenue than the U.S. had received during the war years, when tax rates were higher. Price controls from the war were also eliminated by the end of 1946. The U.S. began running budget surpluses.




Burt Folsom: Did FDR End the Depression? - WSJ.com

 

[skookerasbil]

Sales of new homes surged 27% last month, bouncing off the previous month's record low...

From record low, up 27%. With tax incentives. Nice(r) weather though.

Now this...

Foreclosure filings in the U.S. rose 16 percent in the first quarter from a year earlier and bank seizures hit a record as lenders stepped up action against delinquent homeowners, according to RealtyTrac Inc.

U.S. Foreclosure Filings Rise 16% as Bank Seizures Set Record

Exactly..........and like Hillary Clinton did in late '92, made millions before the humongous taxes of '93 hit. She was no dope............just like those with some $$ today.............want to get stuff while the getting is good. Because next year, the Obama sledgehammer taxes begin. Of course, we're going to see some growth now!!!

 

[Samson]

Yes it IS terrible to have government forking out collected tax dollars in a program like that... even if I can benefit from it, it does not make it proper for our government to do

That money or break GIVEN by the government did not appear out of thin air... are you seriously suggesting it is a savings to give money or allowance in this break by funding it with more taxes that the government has collected and run thru the wasteful red tape machine??
THAT is what is

You have to understand people.......giving tax incentives to mega corporations that allow them to make more profits is just plain ....GOOD BUSINESS

Giving tax incentives to struggling Americans so they can buy their first home is......SOCIALISM

Nope... giving tax incentives is not inherently a good thing, whether it be to a set of individuals or a set of corporations... but nice try, moonbat

See... some of us are for equal treatment by government... not selective equality...

BAH.

I'm a homeowner, and I want the property to appreciate.

Whether or not gubment incentives or the free market makes it happen, I couldn't give a shit.

 

[GWV5903]

New-home sales jump 27%, biggest gain in 47 years - USATODAY.com

WASHINGTON — Sales of new homes surged 27% last month, bouncing off the previous month's record low and blowing past expectations as better weather and government incentives boosted sales.
The Commerce Department said Friday that new-home sales rose in March to a seasonally adjusted annual sales pace of 411,000. It was the strongest month since last July and the biggest monthly increase in 47 years.

Economists surveyed by Thomson Reuters had expected a sales pace of 330,000. February's results were revised upward to 324,000, but remained an all-time low. Sales had been especially weak over the winter, partly due to bad weather in much of the country.

The median sales price was $214,000, up more than 4% from a year earlier but down more than 3% from February.

Speaking as an industry insider, we will know how the housing market is really doing in 60 to 90 days from the end of April. Based on our current unemployment figures it does not appear promising, job growth is the number one fuel for housing......

The $8,000 or $6,500 Tax Credit is responsible for this spike, like most things, people wait until the last minute, nothing like an urgency to get $8K free.....

Also, based on the current administrations ability to make the Carter Administration look Great, we are probably in for a long road to recovery, housing has a very broad brush for jobs......

Clinton's ambition was to put more unqualified people into homeownership, thus putting more votes in the lefts coffers, now we have Obama, Reid & Pelosi trying to give amnesty to illegals (probably the only chance they have in the mid terms), sad really sad.....

What a vicious cycle, ask yourself this question Liberals, when you act like you care about the poor and innocent (BTW you don't give much to charity), yet all this cycle does is make the rich, richer........how do you not recognize the conservative movement is geared to putting the responsibility in the hands of individuals, not the governments......

 

[rightwinger]

I am not a fan of this administrations policies. But I can live with them as this is America at work; regardless of my own ideology.

But their lack of repsect of the intelligence of the American People is very disturbing.

The fact that Obama got elected and Bush got reelected tell me that the American people aren't that intelligent.

Who would you have preferred get elected? Name a person who we would have been intelligent to elect

 

[rightwinger]

FDR took this country from the worst economy we have ever experienced to the best economy in the world.

And he used Socialism to do it, taking control of the means of production throughout WWII.

But according to Conservative partisans, they "would have done it better".

Got to love the Coulterite revisionist history school of thought.

Now, I myself am not a "Socialist", but it's ironic that the exact other end of the spectrum from the Conservative "Free Market" system was the basis for the greatest economic growth in US history.

FDR did no such thing. His policies, which were really nothing more than an extrapolation of Hoover's, were what dragged the Depression on for another seven years after he took office. It was WWII that pulled us out of it and the destruction of Europe that carried us for almost two decades to follow.

And who are you to refer to somebody else as partisan?

The myth that FDR saved us fro the Great Depression, despite evidence he furthered and deepened it, is one that dies hard.

More right wing revisionist history. Rabbi worships Herbert Hoover.......He actually believes "Prosperity was just around the corner"

Fact is....Republicans fucked up big time and paid the price by not being allowed to run the country for 20 years.

Same as the Bush Recession

 

[skookerasbil]

FDR did no such thing. His policies, which were really nothing more than an extrapolation of Hoover's, were what dragged the Depression on for another seven years after he took office. It was WWII that pulled us out of it and the destruction of Europe that carried us for almost two decades to follow.

And who are you to refer to somebody else as partisan?

The myth that FDR saved us fro the Great Depression, despite evidence he furthered and deepened it, is one that dies hard.

More right wing revisionist history. Rabbi worships Herbert Hoover.......He actually believes "Prosperity was just around the corner"

Fact is....Republicans fucked up big time and paid the price by not being allowed to run the country for 20 years.

Same as the Bush Recession

Republicans Threatening Congressional Seats Long Held by Democrats | TheLedger.com



OooooooooooooooopS!!!!!!!!!!!!!!!!


Rightwinger................does it not suck to be pwned so early on a Sunday morning. This last post here was particularly incoherent. s0n..........its not 2008 anymore............hate to break it to you but everywhere you look, you and the other internet k00ks and their absurd ideology is being slaughtered with humongous doses of epic fail. Dont take my word for it
s0n.............go check ANY poll from ANY pollster organization. The majority is saying FCUKK YOU to all this radical sh!t going on.

 

[rightwinger]

FDR took this country from the worst economy we have ever experienced to the best economy in the world.

And he used Socialism to do it, taking control of the means of production throughout WWII.

But according to Conservative partisans, they "would have done it better".

Got to love the Coulterite revisionist history school of thought.

Now, I myself am not a "Socialist", but it's ironic that the exact other end of the spectrum from the Conservative "Free Market" system was the basis for the greatest economic growth in US history.

FDR did no such thing. His policies, which were really nothing more than an extrapolation of Hoover's, were what dragged the Depression on for another seven years after he took office. It was WWII that pulled us out of it and the destruction of Europe that carried us for almost two decades to follow.

And who are you to refer to somebody else as partisan?

Same as the "Obama is the same as Bush" bullshit

FDR turned the US into a modern democracy. He dragged us out of our isolationist shell and turned us into a superpower both economcally and militarily

 

[skookerasbil]

FDR took this country from the worst economy we have ever experienced to the best economy in the world.

And he used Socialism to do it, taking control of the means of production throughout WWII.

But according to Conservative partisans, they "would have done it better".

Got to love the Coulterite revisionist history school of thought.

Now, I myself am not a "Socialist", but it's ironic that the exact other end of the spectrum from the Conservative "Free Market" system was the basis for the greatest economic growth in US history.

FDR did no such thing. His policies, which were really nothing more than an extrapolation of Hoover's, were what dragged the Depression on for another seven years after he took office. It was WWII that pulled us out of it and the destruction of Europe that carried us for almost two decades to follow.

And who are you to refer to somebody else as partisan?

Same as the "Obama is the same as Bush" bullshit

FDR turned the US into a modern democracy. He dragged us out of our isolationist shell and turned us into a superpower both economcally and militarily

yeah.............but nobody thinks that. Perhaps 20% of the population might have that sentiment but very few others.

 

[rightwinger]

More good news!

Right-wing partisans can keep on denying the economic upswing, but it's here, and it seems to be getting stronger.

Its all going to come into play in the next two election cycles. America will be asked.....Are you better off than you were four years ago? The numbers don't lie.

Republicans are going to be asked...What did you do to help the recovery?

We voted NO....is not the answer

 

[The T]

The myth that FDR saved us fro the Great Depression, despite evidence he furthered and deepened it, is one that dies hard.

It's a total myth. As Burt Folsom notes, tax cuts, not the New Deal or WWII, caused the post war boom.

What about World War II? We need to understand that the near-full employment during the conflict was temporary. Ten million to 12 million soldiers overseas and another 10 million to 15 million people making tanks, bullets and war materiel do not a lasting recovery make. The country essentially traded temporary jobs for a skyrocketing national debt. Many of those jobs had little or no value after the war.

No one knew this more than FDR himself. His key advisers were frantic at the possibility of the Great Depression's return when the war ended and the soldiers came home. The president believed a New Deal revival was the answer—and on Oct. 28, 1944, about six months before his death, he spelled out his vision for a postwar America. It included government-subsidized housing, federal involvement in health care, more TVA projects, and the "right to a useful and remunerative job" provided by the federal government if necessary.

Roosevelt died before the war ended and before he could implement his New Deal revival. His successor, Harry Truman, in a 16,000 word message on Sept. 6, 1945, urged Congress to enact FDR's ideas as the best way to achieve full employment after the war.

Congress—both chambers with Democratic majorities—responded by just saying "no." No to the whole New Deal revival: no federal program for health care, no full-employment act, only limited federal housing, and no increase in minimum wage or Social Security benefits.

Instead, Congress reduced taxes. Income tax rates were cut across the board. FDR's top marginal rate, 94% on all income over $200,000, was cut to 86.45%. The lowest rate was cut to 19% from 23%, and with a change in the amount of income exempt from taxation an estimated 12 million Americans were eliminated from the tax rolls entirely.

Corporate tax rates were trimmed and FDR's "excess profits" tax was repealed, which meant that top marginal corporate tax rates effectively went to 38% from 90% after 1945.

Georgia Sen. Walter George, chairman of the Senate Finance Committee, defended the Revenue Act of 1945 with arguments that today we would call "supply-side economics." If the tax bill "has the effect which it is hoped it will have," George said, "it will so stimulate the expansion of business as to bring in a greater total revenue."

He was prophetic. By the late 1940s, a revived economy was generating more annual federal revenue than the U.S. had received during the war years, when tax rates were higher. Price controls from the war were also eliminated by the end of 1946. The U.S. began running budget surpluses.




Burt Folsom: Did FDR End the Depression? - WSJ.com

Yep. And Truman wanted to continue FDR's agenda.

Read about it HERE

 

[Vast LWC]

FDR did no such thing. His policies, which were really nothing more than an extrapolation of Hoover's, were what dragged the Depression on for another seven years after he took office. It was WWII that pulled us out of it and the destruction of Europe that carried us for almost two decades to follow.

Really? Let me ask you this:

What policies, specifically, during WWII helped make the US an economic powerhouse?
Was it:

-"Hands off" free capitalism?
or
-Near complete government control of the means of production?

Think a while before you answer that. And, while you're at it, ask yourself this:

Why did the economy not have a similar rise during Vietnam, or the Iraq/Afghanistan war?

Now, I am NOT saying that we should now become a Socialist state on the level of WWII America, I am just pointing out the fact that Roosevelt did indeed bring us from the lowest point in our economy to become a powerhouse, and Socialist behavior was a major part of this.

And who are you to refer to somebody else as partisan?

I'm someone who is admittedly left-wing in their ideals, but listens to ideas put forth by the opposition with a semi-open, though admittedly biased, mind.

A true partisan is someone that blindly listens to the talking points of the extreme of one side or the other, and creates an opinion based completely on that.

Their arguments often consist of just talking points from propaganda, and often do not address the point at hand, consisting of hyperbole and rhetoric only.

There are in fact many on the left who are true partisans, just as there are many on the right. Personally I don't believe that I am one of these, but I guess we all have our opinions.