Oblivious: Washington DC Ignoring The Biggest Economic Transformation Of Our Lifetimes

Townhall.com ^ | September 22, 2013 | Austin Hill

[Tupelo]

Barack Obama, Harry Reid, Mitch McConnell, Nancy Pelosi or John Boehner
These are the leaders of two of the three branches of the Almighty Government and not one of them has ever been self employed, much less created a job. Little Miss Plasticface may be the closest to a job creator since she married well.
They have all been government employees since they got out of school, but THEY are the experts in job creation.
If we do not start electing people to REPRESENT us instead of themselves and their friends we are in the immortal word of William Wallace as portrayed by Mel Gibson, FOOKED/

[kitkat]

Your Town Hall articles which you re-produce here are PRICELESS. Thank you.

[Kaslin]

You’re welcome :)

[wintertime]

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Don’t expect Barack Obama, Harry Reid, Mitch McConnell, Nancy Pelosi or John Boehner to understand the real dynamics of the labor markets any time soon.

They understand it. They are deliberately wrecking the economy for Cloward-Piven reasons.

[OftheOhio]

“Do gooder democrats.
They are the cause of the 2008 bump in the road. Their main slum media carried every story back then to beat the current administration over the head. Bush’s fault vote for change?¿.The economic system was purposely poisoned for their political gain. Five years latter and things are worse. The only difference is the polarity of their lies..”

This sums it up very well. In 1988 there was an erisa ruling changing pension vesting from 10 years to 5 years. I remember thinking this was not going to go over well and I was right. I worked in a plant with 20,000 strong and within 5 years there was 8,000 left. This ruling absolutely destroyed manufacturing in this country. The biggest employer in my county is a university and the second is a hospital, whats that say about one of the strongest manufacturing areas in history being destroyed by democrats lording it over industry.

[ronnie raygun]

And the media spin this week was the turnaround in the housing market......where? They are lying lying lying hoping that we will eat it sit back and go to sleep. These diabolical bastards are setting us up

[thirst4truth]

And the media spin this week was the turnaround in the housing market.

It is not spin, I am a Realtor in Oregon, work in a very small rural town and to prove my point in my area here are the brief stats put out by our RMLS, the multiple listing service for all Realtors in my area. I would not say it has fully recovered, but it is roaring back, not certain for how much longer, but tons of people are getting off the pot and buying, it has been busy for about the last 12 months. See that last stat? Closed sales up 18% over last year same month!! Median sales price up 11.5% from last year.

Year to Date Summary

The 1,499 new listings represent a 4.7% increase over the 1,432 entered by this time in 2012. There have been 830 accepted offers in 2013, up 15.4% from 719 pending sales during the same period in 2012. Closed sales have numbered 761 so far in 2013, an increase of 18.0% over the 645 posted this time in 2012.

[Right Brother]

I would not say it has fully recovered, but it is roaring back, not certain for how much longer, but tons of people are getting off the pot and buying, it has been busy for about the last 12 months. See that last stat? Closed sales up 18% over last year same month!! Median sales price up 11.5% from last year.

Who are buying all these homes? Middle class? I doubt it. More likely investors. I read somewhwere that a large number of current home sales are cash sales. Those aren't blue collar buyers.

[usconservative]

Joseph Goebbels would love these DC liars, ya think?

I think he'd hate them .... the professional liars in DC put everything he did to shame!

Think about it: Goebbels had to force, cajole, etc.. the media in Germany to do his bidding. In modern day United States, the liberal lamestream media doesn't have to be forced to do the liberal fascist DemoKKKrats bidding - the liberal lamestream media does their bidding, spreading their propaganda not only willingly, but seemingly HAPPILY SO!

This is why I always say that the first casualty of the next revolution here in the U.S. must be the media. That'll be the only way the TRUTH of the revolution actually gets out.

[thirst4truth]

Many first time buyers, below middle class, some investors buying ranches and apartments on 1031 exchanges as they finally got the investment property in CA sold. Many new residents mostly vets coming here for our VA hospital, grandparents moving in or out to be closer to their grandchildren. Many middle income people finally able to sell their home that was too big or too small and downsizing or going bigger due to a new family member.

The frenzy has slowed a little since the interest rate recently went from mid 3% to mid 4%. Last January I sold a Freddie Mac home to a disabled vet on a 3.1% mortgage rate, 30 year fixed it was $150,000 cheaper than its last sale. Low interest rates, coupled with crashed home prices got many buyers sitting on the sidelines to jump in.