Thing are always unexpected with the greatest economic recovery since the foundation of the Han dynasty in China. In fact the Obama Boom’s anemic performance is always called unexpected, stubborn or now “worse than expected.” The housing market is undergoing a double dip recession. Prices and sales are declining again after temporarily stabilizing due to the housing tax credit. As always governmnet can only artificially prop up a market. As soon as that artificial demand is gone, teh decline continues and that is what is occuring.
U.S. single-family home prices dropped into double-dip territory in March as the housing market remained bogged down by inventory and weak demand, a closely watched survey said Tuesday.
The S&P/Case Shiller composite index of 20 metropolitan areas declined 0.2 percent in March from February on a seasonally adjusted basis, in line with economists’ expectations.
The price index was below the low seen in April 2009 during the financial crisis. The glut of houses for sale, foreclosures, tight credit and weak demand have kept the housing market on the ropes even as other areas of the economy start to recover.
The 20-city composite index was at 138.16, falling below the 2009 low of 139.26.
Read the rest: ‘Double-Dip’ in Housing Prices Even Worse Than Expected
Worse than expected is the new term. How can anything be expected if there are no good paying jobs being created? People don’t have money to buy homes because they have crappy jobs. With homes values declining, people don’t want to get a depreciating asset. This is all due to one truth, Obama’s presidency is worse than expected!
Update: Now the media is reporting that Consumer Confidence took a surprise drop in May.
U.S. consumer confidence slid in May as consumers turned more pessimistic on the outlook for the labor market and inflation worries rose, according to a private sector report released on Tuesday.
The Conference Board, an industry group, said its index of consumer attitudes fell to 60.8 from a revised 66.0 in April. The reading was below economists’ forecasts for 66.5.
Unexpeted, worse than expected, stubborn and now surprise are the tersm being used for economic reports. Maybe they should realize tha until we get our fiscal house in order, we will not have a good economy.
Tags: Double Dip, Housing Market, Obama Boom, Stagflation, Worse than Expected
no way this guy gets a second term…
“brookly red wrote:
oh and “first!”oh and “first!
brookly red wrote:
Never under estimate the stupidity of the American voter.
Unexpectedly.
@ brookly red:
I hope you’re right, but this guy’s approval stays in the upper 40′s. He should be in the low 30′s.
Speranza wrote:
That’s all you hear with bad economic news.
Rodan wrote:
“Are you better off than you were 4 years ago?” GAME OVER
brookly red wrote:
Unless there’s massive Vote Fraud on the part of the Demo☭rats, the New Negro Panthers, and the left in general.
Buzz Ballad™ at PJM: Let’s Do It!
Mother of ‘Genderless’ Baby Storm Speaks Out
What a nut cake
Macker wrote:
well that is 10% in any election, we figure it in… but statically the fastest growing block of voters is the unemployed that is 14 MILLION votes right there. Do the math, he can’t win.
@ brookly red:
If the Republicans show up for this election. If we run another McCain Obama will win.
brookly red wrote:
18 months out I don’t write anyone off or anyone in. But I do pray
Nevergiveup wrote:
Oh and drink of course
Iron Fist wrote:
Indeed.
Nevergiveup wrote:
add those who pray to the list and we have a majority right their.
@ Nevergiveup:
I say your Africa comments on the last thread!
What’s good my Nubian Brutha in da struggle!
/
Nevergiveup wrote:
Lot’s of drinking I might add…
Surpise failure of the ETS market ?
@ Guggi:
any way you look at it they done run out of other people’s money.
Rush just made an interesting point. This jerk has to spend 1 billion or more in the next year to convince us we need four more years of what accomplishments?
btw, the mfm is going all weepy and pouty because Sarah Palin won’t give them her itinerary. CNN is whining how dangerous it is to try and keep up with her tour bus on the highway. Love it!
@ Rodan:
The lamestream media always has to throw that “unexpected” BS in there because the reality of the economic situation is completely opposite of the crap they’re trying (unsuccessfully) to sell us. Pro-Obama media always shocked by bad economic news
vagabond trader wrote:
MSLSD is whining that Sarah Palin is a no show at a place that MSLSD staked out, which Palin never suggested that she was going to go to.
@ Guggi:
All carbon trading is is a scam. Al Gore thought he was going to get fantabulously rich off of carbon. Thankfully, we aren’t going to do cap and tax.
@ Nevergiveup:
That’s putting it mildly. If it were up to me, Child Protective Services would take custody of those poor kids, and put them in foster care. Then sterilize both the “parents” so they cannot inflict their stupidity on any more offspring.
@ doriangrey:
She is playing them like chumps. Oh wait….
The unstimulated economy
@ huckfunn:
We know that the Fifth Column Treasonous Media is utterly and totally corrupt, the question my friend, is how do we get rid of them? Right now I am looking at Sarah Palins “Restoring America Bus Tour” and thinking, hmmm, maybe Sarah has a plan…
@ vagabond trader:
She lives in their heads!!!
@ huckfunn:
like I said no way this guy gets a second term.
@ Guggi:
How could the collapse of a Ponzi scheme possibly ever be a surprise?
vagabond trader wrote:
Doesn’t surprise me one bit. Considering how hostile they have been to her in the past, why should she make their lives easier?
Speranza wrote:
And the lies and/or manipulation of the media.
doriangrey wrote:
How do we get rid of them? EASY! Cancel your cable & your subscriptions, don’t click their sites, and support better sources.
Iron Fist wrote:
Not just rent free either, she is forcing them to pay her to live there, and she is eating all of their fancy food, drinking all of their fancy drinks and forcing them to pay her to do it. Oh yes, she soooo is the next POTUS… Palin/West 2012…
doriangrey wrote:
Waaaa, she’s not playing fair!
/msm mode off
Reminds me of what Yeshua said, ‘We played the flute for you, and you did not dance; we sang a dirge, and you did not mourn.’
brookly red wrote:
Well said! And I have been there for 10 years. No cable, no satellite TV, no newspaper subscriptions, and the only magazines are hobby-related. And I don’t go to movies, either.
@ huckfunn:
I did a headline on that very subject.
brookly red wrote:
That only works in really lame B rate movies. In real life, the Fifth Column Treasonous Media is funded by the Democrat/Marxist party. Hell George Soro’s pays Media Matters 15+ million dollars a year and the site only gets around 600,000 hit’s a month. HotAir get’s that before noon on a Sunday. The Blogmocracy probably get that many hit’s a month. NPR and PBS would have gone under 40 years ago if it wasn’t for the Dems.
doriangrey wrote:
you make a good point, it is all about numbers so let Soros spend his money… no one is listening. and btw does anyone else find it creepy that Soros spelled backwards is Soros?
@ brookly red:
That isn’t as creepy as the Name of Blasphemy tattooed on his forehead
Rodan wrote:
Iron Fist wrote:
I never got close enough to read it, how did yo… never mind I so do not want to know.
@ Iron Fist:
and btw I missed you too.
@ lobo91:
@ Rodan:
I’m pretty sure Obama has every issue of that comic book…
brookly red wrote:
Yep. I just watched a documentary about the dramatic rise of impoverished elderly all over Europe and the CO2 scam is part of the problem:
One comment:
brookly red wrote:
heh
@ brookly red:
Thanx! Glad you are freed from the bondage that is the new LGF. Chuckles sure screwed the pooch on that.
doriangrey wrote:
I’m doing my part. I won’t buy a newspaper or magazine, and I won’t watch any alphabet network crap unless it’s football. The print media is awash in red ink and their days are numbered.
Rodan wrote:
Oops! Sorry, I missed it.
Military Commission to Review List of Charges Against 9/11 Suspec
Read more: http://www.foxnews.com/politics/2011/05/31/mlitary-commission-review-list-charges-11-suspects/#ixzz1NxhJT7s9
OK but get this:As the lengthy legal process unfolds, two sources familiar with the case add that with the month of Ramadan falling on Aug. 1-30 this year, it may not be possible to arraign the men before the 10th anniversary of the Sept. 11 attacks.
Because ya know they are so sensitive to our religious customs????????
@ Guggi:
I would upding that if I could
Iron Fist wrote:
darn skippy! I wonder how many people went there just to argue w/me LOL
@ Nevergiveup:
Hang the fuckers during Ramadan. Thatll show them proper respect for their Death Cult …
@ Nevergiveup:
last I saw Justice was holding a scale not wearing a burka.
huckfunn wrote:
Same here. I was hoping the transition from people relying on the Old Stream Media would have occurred by now, but it’s gonna take more time. After all, the advent of the internet, as we know it, has only been about 20 years.
Iron Fist wrote:
He did the whole Pound.
Iron Fist wrote:
now, now… we just can’t go around hanging people. lawyers need to eat too.
I am hungry… I need to grab a slice. bbiab
brookly red wrote:
it’s a palindrome. heh-heh.
brookly red wrote:
Why?
here we go again!
Economic problems stubbornly linger
@ huckfunn:
See 63, here we go again!
@ Rodan:
Hey I actually took in some money today. My creditors will be happy
Nevergiveup wrote:
I wish I could say that…
Nevergiveup wrote:
i should have wrapped my cranium with duck-tape before i read that
lobo91 wrote:
I wish I didn’t owe so much money
@ coldwarrior:
There is one bit of good news on the sharia front.
Wow…Boehner actually did something right for once:
Nevergiveup wrote:
I’m on a break – eff my creditors.
@ lobo91:
police chief haddad…interesting last name. lebanese christian in origin.
you think HE wold have known better.
coldwarrior wrote:
I think he realizes when he’s outnumbered…
@ Kirly:
touche!
@ Mike C.:
I am not ignoring you… I just don’t have an answer.
@ lobo91:
it really is a major blow, not sexy, juicy news, but important still.
Rush has been saying for awhile (if no one has mentioned this) that Obama will be campaigning against Bush again in 2012.
He’ll say “We had NO IDEA how bad things were (due to Bush)” so “We need longer to fix it!”
It’s a pile of dog droppings, of course.
Obama is wrecking things.
Checking out for 24 hours – I’m on the road!
See you tomorrow night!
Kirly wrote:
Forward or backwards, he is still blofeld to me.
@ Eliana:
How mysterious.
Eliana wrote:
Seems to me he’s employing the Vietnam strategy:
“We had to destroy the country in order to save it.”
@ lobo91:
kewl
@ vagabond trader:
I’m heading for an appointment in Washington DC!
Seriously!
@ citizen_q:
Indeed.
Eliana wrote:
Good luck! I leave nearby DC, but hardly ever go there.
Eliana wrote:
Good, we desperately need a Truth Czar.
TSA tests new “pre-crime” screening system, straight out of Minority Report:
@ citizen_q:
It’s just a personal visit – nothing earth-shaking.
I’m flying in, then I’m flying out after a visit with some people I know.
song_and_dance_man wrote:
Sorry that position has already been created and filled.
citizen_q wrote:
I don’t live near DC, but I can smell it from here.
@ lobo91:
They need to use that puppy for candidates. Especially those on the Left.
@ Eliana:
Be prepared for the heat! You’ll be swvizten from the pitzen!
A “friend” and patient called me this AM to talk about a Medical condition he had and he told me he had his license suspend for drunk driving. He said he was at a Corp. Party and when he left he took a u-turn but hit a standing ambulance? Shit the only thing worse than that would be to hit a Nun?
Well one thing is sure, Obama and the commie chickenshit Democrats are not hideing the ball/balls, they have none to hide.
As the shit gets deeper. Lies and Fraud grow and grow.
Things like this.
http://www.cis.org/stopping-release-of-criminal-aliens
Not just open borders, but open season on all of U.S..
4,000 a year released to rape/kill/rob/molest U.S. all.
Rodan wrote:
Heh. That danged “unexpected” thing is so stubborn.
I hate this economy. I see it hurting directly the very people that the Democrats claim to care about: The regular working folks and lower middle-class. My nurses and CNAs and other support staff are paying huge fuel prices to get to work for the the same wages they made last year. Even still, I have increased overall payroll by 7% over last year, yet our reimburements from medicare and medicaid has either stayed the same (medicare) or dropped by 5% (medicaid). the margins are thinner and thinner each year. Today’s successful business men are smarter and wiser than ever before in history. The people I talk to that are Democrats are deluded or racist. Obama’s support is based on his color and the novelty of his rise to power.
@ Eliana:
Safe trip!
Allen West: U.S. needs more, not less, military spending
Nevergiveup wrote:
look at the bright side, if not for the ambulance he might have made the Parkway…
New Buzz Ballad™ at PJM: That Weiner Wood.
brookly red wrote:
Yup.
@ buzzsawmonkey:
**giggle**
More like a splinter than “wood.”
Guggi wrote:
He’s damn right and they oughta use some of that money to hire back some experienced Senior Enlisted types ( hint hint)
@ vagabond trader:
Thanks!
buzzsawmonkey wrote:
it is sooo much better when it’s local
@ citizen_q:
@ Nevergiveup:
I was hoping for more of these… http://www.latimes.com/business/la-fi-mini-drones-20110531,0,5569311.story
Guggi wrote:
This recovery is not a recovery. I guess it is the first recovery in history that has made a country poorer and more vulnerable. No matter how bad the economy tanks, the MSM will still call it a recovery.
When Obama tries to make a miracle, he turns the water directly to vinegar, totally skipping the wine part . . . and it is called a great miracle with an unexpected poor result.
father_of_10 wrote:
no one want to go there so I might as well… I think this is all deliberate with aforethought & malice.
@ brookly red:
Of course it is.
The alternative would require a level of incompetence so great that they wouldn’t be able to find their own desks…
@ brookly red:
If he were trying to destroy the country, what would he be doing differently? Exploding debt, aimless wars, weak foreign policy, weak domestic policy, and on and on. I think he has all the bases covered.
Nevergiveup wrote:
Couldn’t agree more
Iron Fist wrote:
well you left out open borders a total disregard for the law.
Guggi wrote:
While it’s a nice thought, it’s never going to happen.
Surprised they didn’t dump this on Friday.Big loss for Al Bama and Holders peeps.
Pakistan forms commission to probe U.S. raid that killed bin Laden (AP)
Ah probe this!
Nevergiveup wrote:
A rectal thermometer probe is recommended.
Iron Fist wrote:
Give him another term and as the song goes “You ain’t seen nothing yet, B-b-baby you just ain’t seen nothing yet”.