FRB and housing market

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Jul 31, 2005 6:47 pm

Is the FRB messing up with these rate hikes?


Is their a bubble? Local bubbles? 



WOW the dems are not only skum they lie about everything. They could not stress how terrible the economy was until a few months ago. Well damn it looks pretty good. Home ownership is higher then ever. No inflation, little unemployment and great corp profits. One must be a moron to listen to their leaders (Michael Moore and Howard Dean).


Aug 3, 2005 3:52 am
executivejock:

Is the FRB messing up with these rate hikes?



No.

executivejock:

Is their a bubble? Local bubbles? 



Housing prices have almost tripled in some areas in the last 10 years.  If that isn't a bubble I don't know what is.



[quote=executivejock]

WOW the dems are not only skum they lie about everything.


[/quote]

You better believe it!  Democratic voters are the dumbest of the
dumb.  Do you think all those parasites in the public housing
projects are going to investigate anything for themselves?


(Bonus:  what ethnic group consitently votes 80%-90% for
Democrats?  What is their average IQ?  Bonus #2:  why
are Democrats so eager to restore voting rights to convicted felons?)



[quote=executivejock]


They could not stress how terrible the economy was until a few months ago. [/quote]

No, they still stress how bad it is.  In the local paper this week
there were two letters to the editor saying how great the Clinton
economy was and how bad the Bush economy is.


Clinton did NOT have surpluses--only 1 TINY one factoring out the
Social Security revenue which shouldn't be included in the general
budget to begin with.  The INTERNET drove the economy of the
mid-to-late 1990s...NOT BILL CLINTON!!!



[quote=executivejock]

Well damn it looks pretty good. Home ownership is higher then ever.


[/quote]


Not always a good thing.  Some trash (like those that get
government grants to infest the suburbs) don't belong in houses because
they'll only ruin them.

Have you ever seen pictures of Detroit???
executivejock:


 No inflation, little unemployment and great corp profits. One
must be a moron to listen to their leaders (Michael Moore and Howard
Dean).



Yes, they are morons.  All of them. 


"The economy is in shambles," John Kerry said all during the 2004 campaign.


You know what's funny?  Markets all over the world rallied when
it was certain that Bush was re-elected.  As Kerry's poll numbers
went up, the stock market went down!


You know what else is funny?  Air America, the liberal radio network, has terrible ratings!  More liberal failure!!!

Aug 3, 2005 3:59 am

By the way, here's one of my favorite political cartoonists.  He's got a bit of a conservative bent...



http://www.ucomics.com/glennmccoy/



Absolutely brilliant!

Aug 3, 2005 10:41 am

The IQ correlation must be an interesting statistic. The George Bush map is interesting when 98% (counties) of the county voted for Bush.


What concerns me is this BS that educational institutions are teaching our youth! Our armed forces recruiters are being harassed by idiot professors as then enter the school.


Could you imagine that happending during WWII. People would have kicked the hell out of an idiot professor. Most have never served a day.


Could you imagine two lawyers running this country. That is what would have happend is Edwards and Kerry won. Could you imagine each day before the election these skum were cheering for troops to die the econemy to struggle so they could say I told you so.


Thank god we have someone with the knowledge to surround himself with smart people. GO BUSH!!

Aug 3, 2005 10:58 am

You have to love the amazing foreign policy Clinton had. According to all the skum he was so close in Palastine. Close what the hell does that mean? Was he an idiot thinking Saddam paying marters and Arafat stealing billions was going to work. THEY HATED ISREAL AND WOULD NEVER COME TO A DEAL!


The wonderful fake economy. As Janet Reno was flapping her gums to save slick willie the SEC and nation defense was going to hell. Where was the change to be proactive against coruption. Where was the enforcement for those executives who stole billions of dollars.


The most important duty of the president is to protect the country. At best Clinton did a pathetic job. After 30 days on the job the twin towers were attacked. What did he do nothing! After Kobar Towers what was done? After USS Cole what was done? After the embassy attacks around the world what was done? After the threats what was done? After the training camps? After 12 broken UN resolutions what was done? After Saddam was paying the marters what was done? Absolutly nothing!! President Clinton failed!


So now we have a man who says "your either with us or against us." Well in 3 years we have democracy running wild in Afganistan, IRAQ, Lebannon, Lybia, Saudi, Pakistan and Yugoslavia. On top of this our President stated "Social Security is flawed." Bush sticks his neck out for the good of the country not some pole that is conducted by the liberal times!!

Aug 3, 2005 1:16 pm

You are kidding, right?

There was a guy in the office that said "there goes half of you income"
when Bill Clinton got elected, it didn't work out that way.

Republicans don't lie? Where are thoes WMDs? Oh yeah our partner Pakistan was selling nuke technology.

The terrorist connect to Iraq? Well there is one now.

Democracy in 3 years? Kinda like things will settle down when we get
rid of the dead enders, who have been in their last throws for how long
now?

And now we have that gem of a diplomat John Bolton.

Ones opinion is not the only view: whether you, me, or Bush.

Ask the American Indians how good is was to have democracy brought to them.

Aug 3, 2005 1:32 pm

And this has to do with the Rookies and Trainees forum how??

Aug 3, 2005 5:00 pm

Well the dems like to hear professional BS's.

Example Kennedy, Dean and Kerry who change their view daily.


I love how dems say one liners like WMD.. Well two DC snipers had 50 million americans freaking out. If Saddam was left his sons would have taken over. His only goal in life was to attack America.


The UN needs reform so send someone who is supported by the president not Kerry, Reid, Peluci and Kennedy. The UN is good, but corrupt.

If the dems were so great then why are they loseing every election. The house, senete and local governments are ruled by everything but democrats. So maybe you are right they are the answer, but few agree with you here.

Aug 3, 2005 5:36 pm

  If you think that the economy is better off with Bush as opposed to clinton, how the heck did you ever pass the series seven. I will put it in easy terms. Surplus good and deficit bad.

Aug 3, 2005 5:37 pm

Come to Illinois - Republicans are a complete joke in this state all the way up the ladder.


Alan Keyes anyone - cmon even republicans would not have voted for this guy


As for one liners - you have Arnold as governor of california and if that is not enough listen to any of Bush's speeches.  WMD, terrorists, freedom, etc.



Saddam hated America but his biggest concern was Iran - attacking the US was never really an option for Saddam but Iran was.

Aug 3, 2005 6:54 pm
executivejock:

The IQ correlation must be an interesting
statistic. The George Bush map is interesting when 98%
(counties) of the county voted for Bush.



The people who WORK and pay taxes vote Republican. 


How many republicans do you think you'll find in the public housing projects?

executivejock:

What concerns me is this BS that educational institutions are
teaching our youth! Our armed forces recruiters are being harassed by
idiot professors as then enter the school.



What bothers me even more is when a *&^%%$# Senator says that we
are Nazis because we shut off the air conditioning for a terrorist--WHO
LIVES IN THE DESERT!!!  Idiots.


executivejock:



Could you imagine that happending during WWII. People would have kicked
the hell out of an idiot professor. Most have never served a day.



During WWII people--rich, poor, famous celebrities even, VOLUNTEERED to
fight.  Jimmy Stewart, remember him?  He was a bomber pilot
who flew high risk missions and enlisted after he was already a famous
actor.


It's like night and day now.  We have one group of people who do nothing but whine and cry about everything.


Democrats:  The military supported BUSH by a huge margin. 
You do not represent the views of the military.  So stop using the
soldiers to further your anti-American opposition to everything America
does.

executivejock:

Could you imagine two lawyers running this country. That is what
would have happend is Edwards and Kerry won. Could you imagine each day
before the election these skum were cheering for troops to die the
econemy to struggle so they could say I told you so.



John Kerry was a two-faced liar.  He lied about everything. 
He played both sides of every issue thinking that we voters were too
stupid to realize how full of crap he was.


John Edwards was an ambulance chaser who made MILLIONS suing good,
honest, hard-working doctors with bogus claims that their incompetence
caused babies to have cerebral palsy.  Oh yeah, and Edwards tried
to say that he "fought for the people".  Bullsh*t.  He fights
for the people by charging them 40% of the settlement???


Both were typical, yet disgusting examples of the elitist,
you-need-me-to-help-you attitude that permeates the modern Democratic
party.

executivejock:

Thank god we have someone with the knowledge to surround himself with smart people. GO BUSH!!





Remember that all during the 2001 and 2002 economic downturn Democrats
fought to RAISE taxes.  I always like to ask Democrats how raising
taxes helps the economy and helps create jobs.  But they never
answer!

Aug 3, 2005 6:57 pm
executivejock:

The most important duty of the president is to
protect the country. At best Clinton did a pathetic job. After 30 days
on the job the twin towers were attacked. What did he do nothing! After
Kobar Towers what was done? After USS Cole what was done? After the
embassy attacks around the world what was done? After the threats what
was done? After the training camps? After 12 broken UN resolutions what
was done? After Saddam was paying the marters what was done? Absolutly
nothing!! President Clinton failed!

So now we have a man who says "your either with us or against us."
Well in 3 years we have democracy running wild in Afganistan,
IRAQ, Lebannon, Lybia, Saudi, Pakistan and Yugoslavia. On top of this
our President stated "Social Security is flawed." Bush sticks his neck
out for the good of the country not some pole that is conducted by the
liberal times!!





Bill Clinton was SLIME.  Nothing more.  He lies, he cheats,
he pretends to be somethine he's not.  He says whatever he has to
say to appeal to his particular audience.



Clinon was a typical-lawyer type (have you ever noticed that the
Democratic party is chock full of lawyers???).  The Clinton
administration insisted that acts of terrorism be prosecuted as simple
crimes, akin to shoplifting, instead of acts of war that they are.



The first World Trade Center attack in 1993 was designed to take the
building down.  Had that happened, 10,000 people could have been
killed, according to what I read.



Be nice to those terrorists!  The Democrats insist that they be treated well!!!

Aug 3, 2005 7:11 pm
justaguy:

You are kidding, right?

There was a guy in the office that said "there goes half of you income"
when Bill Clinton got elected, it didn't work out that way.



If you look at historical economic activity, you'll see plenty of peaks
and valleys.  Without coincidence, these peaks tend to occur after
the advent of new technology.



The railroad, automobile, etc.  Now, what major innovation
occurred during the 1990s?  What major technical innovation--that
Clinton had NOTHING to do with--drove major investment in new equipment
and support staff creating thousands, if not millions, of new jobs?



HOW DOES RAISING TAXES HELP STIMULATE THE ECONOMY AND CREATE JOBS? 



(Honestly.  What do you Democrats say to your clients?  "I
think this is a good strategy that will help you have consistent income
with enough growth to stay ahead of inflation, but it won't matter
because I'm supporting the candidate who plans to raise your taxes and
steal it all away from you"?)



The fact that the advent of the INTERNET offset Clinton's tax increases
and other economic incompetence does not mean what you think it
means.  (Who fought hard against Welfare Reform?  Clinton and
the Democrats.  They need to give out free cash to buy votes,
don't you know???)


justaguy:



Republicans don't lie? Where are thoes WMDs?



Let's ask Bill Clinton:



(remove spaces put in link by message board)



http://www.cnn.com/ALLPOLITICS/stories/1998/12/16/transcri pts/clinton.html



Bill Clinton:



"Earlier today, I ordered America's armed forces to strike
military and security targets in Iraq. They are joined by
British forces. Their mission is to attack Iraq's nuclear,
chemical and biological weapons programs and its military
capacity to threaten its neighbors."



Where are those WMDs, Bill?  Why did you lie, Bill?  Why did
you CON the Bush administration into believing Iraq had WMDs and was
working to obtain nukes???



Perhaps, just perhaps, BOTH presidents, Democrat AND Republican had probable reason to believe that Iraq had WMDs?


justaguy:



Oh yeah our partner Pakistan was selling nuke technology.



I thought it was just a rouge nuclear scientist and not the government itself...


justaguy:



The terrorist connect to Iraq? Well there is one now.

Democracy in 3 years? Kinda like things will settle down when we get
rid of the dead enders, who have been in their last throws for how long
now?

And now we have that gem of a diplomat John Bolton.

Ones opinion is not the only view: whether you, me, or Bush.

Ask the American Indians how good is was to have democracy brought to them.



John Bolton--he bullies his subordinates.  Hahahaha.  I'm
sorry.  But the UN is CORRUPT.  Kofi Annan's own SON has been
implicating in the oil-for-food scandal.  That last thing we need
to do is send an ambassador to the UN who's going to follow the status
quo.


Aug 3, 2005 7:26 pm
Cruiser:

  If you think that the economy is better off with
Bush as opposed to clinton, how the heck did you ever pass the series
seven. I will put it in easy terms. Surplus good and deficit bad.





Easy.  The economy today is REAL.



The economy of the 1990s was pumped up by FRAUD.  Accounting fraud
by corporations and fraud by senior executives in this very industry!



Enron--should not have had thousands of employees because they never
had the money to fund them.  Enron, Worldcom, and others made
acquisition after acquisition based on fradulent financials.



Same goes for numerous other companies.



By the way, do you really think that a company with NO profitability,
little revenue, and little probability for profitability should be
worth $5 billion?  Honestly?



Fraud by Wall Street is responsible for much of the economic activity
of the 1990s.  They pumped junk.  They encouraged clients to
invest in crap.  A lot of companies went belly up and they never
should have went public.  That's a lot of employees losing their
jobs--jobs they never should have had in the first place.



Of the tech companies that survived the bubble (Yahoo, Amazon and others), most are still down 60-80% off their bubble highs.



Speaking of passing the S7, what happens to all the capital gains tax
revenue when the market tanks?  What happens to future tax
revenues because of all the tax loss carryforwards?



The capital gains tax cuts caused the market to rally.  Bush's tax
cuts caused a huge jump in economic growth immediately following. 
You cannot argue that.



Also, I think you should look up the "natural rate of
unemployment".  A 4.3% unemployment rate is not natural and
unsustainable in the long run.  Take a look at the historical
unemployment rate of the United States and you'll find that it is
normally 5% - 6%--right where it is now.  Right where it should be.



One more thing:  Bill Clinton NEVER had surplusses!!!  This
is just more lies that the gullible believe when spoon-fed from their
Democrat leaders.



Factoring out social security revenues, Clinton had ONE surplus of $87
billion (or so).  That's factoring in many billions of capital
gains tax revenues that disappeared after the bubble burst.  Not
surplusses like you people consistently lie about!!!



Let us not forget that all that "buy Amazon it's going to $400" bs generated a lot of capital gains tax revenue.



You want to cut the deficit.  Easy:  cut welfare.  Watch
all those Democrat voters whine and cry because they have to get
jobs. 




Aug 3, 2005 7:33 pm
Juiced6:

Come to Illinois - Republicans are a complete joke in this state all the way up the ladder.


Yeah, let's go to Illinois.  Home of rampant corruption.  Ahhh, you've got to love those Daly fellows, don't you?


Mile after mile of public housing projects were built by the
Democrats that did nothing but attract trash from out of state. 
Trash that just happens to be loyally Democratic-voting.  All part
of the plan, wasn't it?


Look at how the IL counties voted.  Almost the entire state
leaned Republican, except for a few areas.  Look at
welfare-dependent Chicago.  70% Democrat.


http://www.cnn.com/ELECTION/2004/pages/results/states/IL/P/0 0/index.html


What's the crime like in Chicago?


http://www.chicagocrime.org/


Must be nice on a pleasant summer evening to sit by an open window and listen to the sound of gunfire every night.


Aug 3, 2005 8:11 pm

ah yes someone telling me how this state is who probably hasnt visited it


see unions also vote democrat and well there is a lot of manufacturing that goes on as well - probably more people employed at these jobs then on welfare


yes i have seen the map but Princton actually revised that map based on the number of voters and well most of illinois was purple not red.


Purple being the mix of democrats and republicans



Im not saying democrats are perfect here in fact they are just as bad as republicans however, it is the democrats who run this state and it is run from chicago - the rest of the state is screwed.


All a politician has to do is promise jobs for Rockford, Aurora, Naperville, and East St Louis promote corn and coal for the rest of the state, and the rest is Chicago and they will win.

Aug 3, 2005 8:12 pm

And another thing - when half of the country does not vote in the first place - does that mean that Bush was elected by 25% of the people?



Now that is a sad sad case right there.

Aug 3, 2005 8:17 pm

WW2 - lets see Germany, Italy, and Japan united and going to war with the world.


Japan bombs us as it plans to invade us.


US finally enters war after years of neutrality. 


Iraq and Afghanistan war - no ties to any attacks on US soil.


US goes to war on what seems to be lies right now.


In one case - we needed to defend this country.  The other is well shaded and truth is now starting to peak through.


Makes you rethink Vietnam now too.

Aug 3, 2005 8:29 pm

Where are those WMDs, Bill?  Why did you lie, Bill?  Why did you CON the Bush administration into believing Iraq had WMDs and was working to obtain nukes???


Good question both Colin Powell and Condi Rice both said Iraq did not have WMDs from July 01


Then what a year later he had them? 


So let me get this straight - Bill said he had them and he didnt - okay he lied.   Then in 01 under Bush - two of his top advisors are on the news saying Iraq did not have WMDs - they are correct.  Then magically after all this tough terror talk he has them - now Bush lied.


And in the end those weapons never did turn up.  See Bill might have lied but he never acted on it because he was going to let inpsectors do their job - Bush wanted in Iraq whether for oil, revenge whatever.


There is no two ways around that.


And no Im not a Liberal democrat either.

Aug 3, 2005 10:38 pm

Okay, now you've done it.  I can't take any more of this bleeding heart liberal logic that is so freaking flawed that I can't believe that the people who repeat what they've heard on TV actually believe what they are saying.  Let's take a little walk back through history.  Remember 1990 and 1991?  The first Gulf War?  Remember that little weasel Peter Arnett from CNN giving us his live broadcasts from the rooftops of Tel Aviv?  What was he wearing, Democrats?  A MOPP suit and a gas mask!  That's what he was wearing.  And, video tape doesn't lie! Why?  Because he, along with everyone else, including all of the "Where's the WMDs, You said there were WMDs, You have never found any WMDs" in the media, believed Saddam had WMDs.  If they didn't think he had them, then why wasn't brave little Peter standing out there with a polo shirt and baseball cap?  Because he was sh*tting his pants, that's why.  Everytime Saddam launched another SCUD missile towards Israel or Saudi Arabia, the biggest fear was that it would contain a chemical or biological agent.  


Okay, now Democrats, follow the bouncing ball.  We knew Saddam had SCUDs (delivery system or mechanism).  And, we knew he had gassed the Kurds. (Chemcial Weapons for those keeping score at home.)  Delivery system + chemical weapon = Weapon of Mass Destruction.  Questions, class?  Now, once again, this was all back in 1991.  So, therefore, is it reasonable to guess or speculate that Saddam had furthered his capabilities in the ensuing 13 years as he steadfastly refused to submit to the UN inspections that he had agreed to as a condition of surrender? 


The other empty argument I can't stand is: "Iraq didn't have anything to do with 9/11.  They were just minding their own business, and then George Bush decided to steal their oil."  Bullsh*t!  Again, most of the Democratic history buffs can't remember as far back as 1991.  Iraq was not minding their own business.  In fact, they invaded another sovereign nations solely for the purpose of stealing that country's oil and considerable wealth that was wisely invested throughtout the West (mostly in the UK and US).  For more than four months, Bush Senior cleverly assembled the largest military force possessing more firepower than had ever been known in the history of man.  Even more than on D-Day.  The request was simple.  Leave Kuwait or you will removed from Kuwait.  We even gave Hussein a final deadline or "drop dead" date.  He beat his chest and dared us and the rest of the world to take him on.  Everyone knows what happened after that.  He and his troops received a swift, thorough ass-kicking from US led forces.  (Remember how that experienced, battle-hardened Republican Guard was going to make quick work of our wet-behind-the-ears volunteer forces?  CNN analysis).  I was serving at the time, and we couldn't wait to unleash the power and technology of the US Army for all the idiots at CNN and the rest of the world to see.  Anyway, back on message.


History has remained constant in one area of warfare.  If you start a war, and then lose that war, the victor will determine the spoils of that war.  In the case of Iraq, the spoils were:  Agreeing to UN weapons inspections, and the enforcement of the "no-fly" zones.  I think it is important to point out here that only two countries provided the airmen, the aircraft, the jet fuel, and the logistical know-how to patrol the no-fly zones.  And, those two countries were the US and the UK.  Not Germany.  Not France.  Not Russia.  Not China.  Not Italy.  Not anybody else.  And what did we get for our efforts?  Shot at!  Repeatedly.  Over and over.  That, in and of itself, boys and girls, is a clear and deliberate act of war.  It is in direct defiance of the agreed spoils of the previous war when we so graciously called off the dogs and stopped short of a march to Bagdhad.  So, from my standpoint, I don't give a rat's ass if Saddam Hussein never possessed so much as a smokebomb.  His repeated engagement of our airmen and aircraft was reason enough for the US and UK to forcibly remove him from power--without asking for permission from Germany, France, Russia, China, or anybody else. 


You see, I served.  I don't measure the cost of war in the ongoing body count that the press seems to be obsessed with keeping track of.  I always view the losses as a very human cost.  Every soldier that dies is somebody's son, somebody's father, somebody's brother.  And those guys were being fired at by Iraqi forces without provocation.  Those were American airmen.  Our best and brightest who attended our military acadamies and finest colleges.  Guys who forewent the big money to serve their nation with honor.  So, don't tell me Iraq was minding their own business.  They started a war, they lost the war, they agreed to a cease fire with certain conditions, and then they repeatedly never met those conditions.  Not only did they fail to meet them, they very deliberately and brashly sabotaged and mocked those conditions.  It was time to enforce the conditions of surrender, and stand up for our airmen who were being fired at in such a cowardly way.  Think about it Democrats.  What if that was your brother, your Dad, your husband up their enforcing those no-fly zones and getting his ass shot off for it.  Would you need any more reason?