Pot o’gold at the end of the rainbow.
Seriously, what if his stimulus plan works and the economy recovers? What will the nay sayers say then?
Housing is up almost 20% today, and the industry is attributing some of it to the stimulus package.
I hope the economy recovers…if it does it will be in spite of the package.
The reason housing was so up was because of all the apartment complexes being built, plus the winter can have wide swings due to weather…Lets be patient. The market would have to increase 100% just to get us even with Nov of 2007.
I hope the economy recovers…if it does it will be in spite of the package.
Not sure how you can make this statement. Even if you don’t think the stimulus package was the best way to jump start the economy, the fact that you are already discounting any benefit from it is pathetically partisan.
Instead of just taking what Team Obama sends out to you and the rest of the marching minions, you may want to actually read what is behind the numbers.
http://www.housingwire.com/2009/03/17/housing-starts-surge-22/
Maybe after that Obama will defy gravity.
It’s not as simple as just pushing a button and then it is fixed. What’s so hard to understand that the United States as a country has MAJOR economic problems that go above and beyond what a President can control? Obama can’t fix that and I don’t blame him for not fixing it. But his policies are making matters much worse for the US, the USD/Treasury market, and the country and future generations.
The US has a
- production problem
- (over) spending problem
and the way Obama wants to solve the problem is by
- supporting companies that do not make financial sense
- taxing productivity more
- increasing lending to non-qualified borrowers
I need another Irish Beer, otherwise I kick O’Bama’s ass because his policies upset me.
Edit: And what will happen in the future when the Trasury/USD market falls apart and we experience hyperinflation? Wait, I’m making too much sense for the long term…nobody could see that one coming, just like nobody could recognize the overpriced stock market and see how the RE market was a bubble.
I said another Beer!
stop it, you are making too much sense. Didn’t you see that PeckerHead called you pretty much pathetically partisan?
So should we celebrate the new low in the stock market because volume was up? LOL!
I am just wondering where all you economic geniuses were the last few years.
PH,
Many of us have been saying for years that things are a mess: we spend too much. Money is too cheap. Housing is still overpriced. That last years stimulus was a joke. Mito has been at the forefront of this - have you not noticed his signiture line.
Now back to the latest package: Explain to me how it could possible work for us? It is a benefits package with unintended results - such as the provision to not limit bonuses on bailout companies. We are a $14T that still has a housing bubble…how is this package going to make any difference in the long term? Short term?
Many economists have been saying the recovery will start by the end of the year, this was both before, and since, the “stimulus” package. By devaluing the dollar, what the package will probably do is stunt the recovery, at the very least slow it. Given the wild swings we’ve had, a slow steady recovery may be preferable though.