Sales of both new and existing homes took a surprising stumble.
I'm really getting tired of this "unexpected" and "surprising" bullshit.
The economy's in the tank, and probably isn't going to be that much better for another five or ten years. Maybe longer. How's that?
For Obama to fully realize his socialist dreams, he must first tear down what is in the way - Capitalism.
I wish there was some way this guy could be impeached before he has a chance to do any further damage.
Man, well, I guess I shouldn’t have taken out another $250,000 in high-interest, high-risk loans, on the news that recovery was underway and the best days of my life were just around the corner!
(just kidding, btw)
Until Obongo is out of the WH, no matter what they do, there will be no real recovery. Consumer confidence is the lowest I have ever seen in my life and they ALL mention Obongo. He’s scaring the sh*t out of people and they are hunkering down and not spending. Their mindset makes people not spend, even if they have the money to spend. Bottom line is he and his thugs are freaking people out. They don’t feel their country is safe, therefore they don’t feel safe. When he’s gone in 2012, mark my words, spending will begin again.
Things are very bad out there, I got laid off over a year ago, but since I was close to retirement age I decided to buy some nice garden tractors and start up a little yard care and light dirt work business rather then go looking for another job. Lol, mistake, I now have 3 very nice John Deere 318’s with nothing to do. Got a 60inch mowing deck on one and a front end loader on another and one as a spare. But like I said can’t find any work, seems lots of folks decided to make a little extra money mowing lawns too. Oh well, mice and men, but the good news is that JD318s have jut about doubled in value since I bought mine so my 5k investment is worth 10k now.
In our area there was a wave of private sector layoffs last year which has slowed, however with the NY going bankrupt we are now experiencing a wave of public sector layoffs.
All these people have mortgages and car payments like everyone else.
I pray the election in Nov. turns things around.