Tuesday, July 28, 2009

Home Prices Up

And this news:

"NEW YORK (CNNMoney.com) -- The value of U.S. homes grew on a monthly basis in May for the first time in nearly three years, according to 20-city index released Tuesday."

Since, according to Republican jackasses around the country, Obama is now totally responsible for the economy, I guess he is responsible for this, too.

5 comments:

Derek said...

Obama is responsible for holding back the economy. If it weren't for him, we'd be doing better. (http://www.myuncommonsense.com/?p=257)

The economy was predicted to rebound in mid to late 2009 by economists last October.

Having spent more than $10 trillion, economists are now predicting that the economy will rebound in . . . late 2009, early 2010.

The economy naturally gets better on its own, but it is at what rate and at what cost it gets better that matters. Obama has hindered progressed and wasted trillions of dollars in the process.

If that makes me a jackass, so be it. I always thought that the Democrats' mascot was a jackass.

Green Eagle said...

Derek:

"The economy was predicted to rebound in mid to late 2009 by economists last October."

What economists? I never heard Paul Krugman or Nouriel Roubini say that. In fact, both Obama during the election and many, many economists said not to expect the damage done by Republican cant to be repaired before 2010 at the earliest.

Of course, everything bad that happens is Obama's fault, but things like the 39% raise in the Dow have nothing to do with him.

Now. Derek, if you look up the word "jackass" in the dictionary, you will discover that it can mean two different things. One applies to Democrats, and the other applies to Republicans.

Derek said...

http://www.mlive.com/business/west-michigan/index.ssf/2008/10/comerica_economist_recession_t.html

http://comerica.mediaroom.com/index.php?item=976&s=press_releases

http://www.usatoday.com/money/economy/2008-12-22-economic-outlook-2009_N.htm

http://pittsburgh.bizjournals.com/pittsburgh/stories/2009/01/12/daily31.html

http://www.crainsdetroit.com/article/20081123/SUB01/811240347#

"but things like the 39% raise in the Dow have nothing to do with him."

Well they don't. He predicted unemployment not going above 8%. Where are we now? Well above 9%, heading possibly towards 10%. The economy was supposed to get better, but after spending all this money, we seem to have slowed progress rather than helped it.

The point is, if Obama had been such a moron, the DOW would be higher, unemployment would be lower, and we'd be coming out of this recession.

And it definitely isn't 30%, the DOW is up a little less than 1000 points since he assumed office. 1000/8200 = 0.12 = 12%

You don't like math do you?

"2: a stupid person : fool"

Well, I'm the one doing the math, and correcting your posts. You are the one with your fingers in your ears, eyes wide shut, and going "LALALAOBAMALALALA".

Derek said...

hadn't*

Green Eagle said...

Derek, I'm not going to respond to all of this, but when I say that the Dow is up 39%, I am referring to its low, which occurred about 48 days into Obama's term. I don't think even you will try to blame him for the last month and a half of the Bush Administration collapse that saw the Dow go down from over 13,000 in a couple of years.