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More good news on the economic front

Posted: Dec 2, 2010

NEW YORK (Reuters) - Pending home sales unexpectedly surged in October, hinting the economic recovery has legs. Also, the four-week moving average for jobless claims fell to a fresh two-year low, though new claims were higher for the week.

"Fear is evaporating ever so slightly. The economy is not falling off a cliff, giving investors a glimmer of hope," said Kim Caughey Forrest, senior equity research analyst at Fort Pitt Capital Group in Pittsburgh.

;

Yes, but you know they will be taking it, much - like they foisted the blame. nm

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x

Things hopefully will really improve now that Obama - has less control than he did before Nov.nm

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nm

How do you explain the collossal failure prior to Obama? - could not possibly be a policy failure nm

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Which part are you talking about? - I would like specifics

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No message really, just want to know which specific area you are talking about. Not everything he did was a collossal failure. Some things were, like with any president, but just would like to know what specifically you are referring to.

Wall Street is Wall Street... Housing market-Bush warned - the Dems. I am not a Bush fan, but

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Obama has caused more "collosal failure" than he has cured, and the dems spending is out of control completely... thus, the November outcome. At least the majority of Americans showed they woke up!

What is good about job loss claims were higher this week? - sam

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That was in the UNhighlighted part. Pssttt...Republicans wouldn't want to take credit for that. I don't think. lol.

And those investors who have the glimmer of hope? Those are those nasty old rich people you guys want to tax some more. That fear that is evaporating might come back if you go ahead and raise their taxes.

Just sayin.

I know for me personally, I have more hope - sm

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For the first time in 2 years, I finally have a little bit of hope after the elections. I had seen something where the sales were up this year on Black Friday, and I think some dems are trying to take credit for that. Did they ever think that those American's who voted all of the Rebublicans in are a little more confident now? I think a lot of people have had the money to buy things but have been saving it because of fear. I know a lot of people who are really trying to save and really haven't had any changes in income.

I think if I were an investor I would have a glimmer of hope with all of the Republican's voted in.

Agreed! - sam

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I believe you are exactly right. I had not thought of it in exactly that way (spending being up this time as opposed to down last time when the Dem majority was still in) and the only thing that has really changed between then and now is the midterm elections.

Great insight! Thanks for posting.

You bet. Big hedge funds and CEOs have been celebrating. - sm

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Anytime Republicans are in office and they (Wall Street bigshots) have a chance to squeeze the middle class out of a little more money, they throw a party.

I am a middle classer, just as the people I - was speaking of

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And yes, a lot of us middle classers are celebrating too. Sorry, but I have been a tax paying citizen for awhile now, and I personally feel that I have had some pretty good tax cuts with the Rebuplicans. Kind of worried that the dems may try to cut them out in 2 years.

Well, the Dems had it for 2 years ALL to themselves... - sam

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and it has gone from bad to worse. Spend, spend, spend, SPEND, record deficit, just keep spending, tax the rich (and all the rich are not Wall Street bigshots or hdege funds or CEOs as you well know) and spend, spend, spend, then tax the rich some more...same song, second verse.

This is another talking point the republicans will eat your children statement. Newsflash...republicans won't eat your children, and we are not interested in who parties on wall street, we are interested in what you are going to do to fix it that you have NOT done in the 2 years you were in power.

Thank you.

Republican Filibuster, Republican Filibuster, Republican Filibuster, - got that?

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Republicans did not have enough votes the first two years to filibuster.... - sam

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Geeezzzzz lololol.

Fuzzy math again? It takes 60 votes to break filibuster. - sm

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110th Congress (2007-2009)

Majority Party: Democrat (49 seats)

Minority Party: Republican (49 seats)

Other Parties: 1 Independent; 1 Independent Democrat

Total Seats: 100

Note:Senator Joseph Lieberman of Connecticut was reelected in 2006 as an independent candidate, and became an Independent Democrat. Senator Bernard Sanders of Vermont was elected as an Independent.

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111th Congress (2009-2011)
Majority Party: Democrat (57 seats)
Minority Party: Republican (41 seats)
Other Parties: 1 Independent; 1 Independent Democrat
Total Seats: 100
Note: Senator Arlen Specter was reelected in 2004 as a Republican, and became a Democrat on April 30, 2009. Senator Joseph Lieberman of Connecticut was reelected in 2006 as an independent candidate, and became an Independent Democrat. Senator Bernard Sanders of Vermont was elected in 2006 as an Independent.

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When I am wrong, I say I am wrong. I was wrong. - sam

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You are correct. However, let's tell the whole story while we are telling it.

The filibuster is a quintessentially Senatorial invention. Unlike the House, the Senate has traditionally been a body where partisanship came second and the Senate came first. Friendships crossed party lines and the members of the Senate treated it almost as if it were a club rather than a parliamentary body. Thus, for the first few decades, there was no need for a cloture mechanism or any other kind of protections for the minority because the Senate was not the partisan body it is today. Things happened through unanimous consent agreements - agreements worked out between the party leadership to ensure that both sides got a chance to provide meaningful debate and meaningful amendments. Even during some of the toughest periods in the Senate â�� the 1850 debates between Calhoun, Webster and Clay, the 1910 fights between President Wilson, Senator Lodge and the rest of the Republican â��Old Guardâ��, and even during the recent unpleasantness of the Clinton impeachment â�� the Senate still worked basically by unanimous consent. Why? Because at the end of the day, the Senators tended to put politics second and their personal relationships first.

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As the modern Senate has evolved, especially in the last decade, the partisan rancor that has infected the country infected the Senate. This was especially true once Harry Reid came to power in 2006. Unlike prior Majority Leaders, Reid wasnâ��t willing to sit down with Senator McConnell and hammer out a unanimous consent agreement that ensured that Republicans had a chance to provide meaningful input to the process and to make amendments on major legislation or for important Presidential appointments. Instead, he simply files cloture motion after cloture motion. Under Rule XXII of the Senate, if 16 Senators agree to sign a cloture motion, they can force an end to debate (by limiting it to 30 hours maximum). Notice I didnâ��t say â��end a filibuster.â�� In the past, cloture was used to end filibusters. Today, under the Reid regime, cloture is simply a part of the procedural process to get a bill that has even a hint of controversy attached to it passed. This was a conscious decision on his part, not the result of Republican stalling.

.

But that hasnâ��t stopped the media and the liberal blogosphere from running with the obstruction story. They simply take the number of cloture petitions filed (71 so far in the 111th Congress alone â�� and 27 of those motions ended up being withdrawn with unanimous consent) and label them Republican â��filibusters.â�� The number of actual filibuster threats made by the Republican leadership is miniscule.

.

Why has Reid abandoned over a hundred years of Senate comity and tradition by only sporadically using unanimous consent agreements for major legislation? I can only speculate, but it does make sense, in a cynical partisan way. Reid has always had a chip on his shoulder when it comes to the Republicans in the Senate and he seems to take it personally when we manage to use the Senate rules against him. So being unwilling to bargain is par for the course with him. Using the cloture mechanism also feeds into the storyline the Democrats have been weaving since 2006 â�� namely, that the Republican party is the â��party of noâ�� and all we want is to obstruct Senate business. This is especially hypocritical coming from Reid, who led the Democratâ��s effort to keep over a dozen Bush Administration judicial appointees from ever reaching a vote in the Senate. And, lastly, the number of cloture petitions also has a non-partisan aspect to it. In recent years, many Senate Majority Leaders (Lott and Frist on the Republican side, Reid on the Democratic) have used cloture as a way of getting an accurate whip count on bills â�� a way of counting heads to ensure they have the votes to pass the underlying legislation. That is another unfortunate fact of the modern Senate â�� today, relationships have so broken down that itâ��s almost impossible for the Leaders to accurately poll both their own parties as well as the opposition.

.

But, fundamentally, Reid isnâ��t filing more cloture petitions because he has to. Heâ��s filing them because he wants to. Because it feeds into the Democratic talking points or it makes his job of herding cats slightly easier. Given the level of rhetoric, youâ��d think that not a single piece of legislation would have been passed in the Senate because of our â��obstructionism.â�� But that ignores that fact that the 111th Congress has enacted 127 laws (with the Presidentâ��s signature) since last January. If all we say is no, how did any of these laws get passed? How did the stimulus get passed? Or Obamaâ��s $410 billion earmark laden budget? The fact is, when Democrats are willing to water down their bills just enough to win moderate Republican support, they always get what they want. But thatâ��s not good enough for Reid or the President.

.

Those who argue that Republicans are obstructing business in the Senate are unwilling to recognize that the Democrats have it within their power to end the obstructionism â�� they simply need to be willing to negotiate with the Republican leadership in the Senate in good faith. Instead, Reid has used the Senate rules to fuel the Democratic PR machine. Itâ��s wrong and itâ��s time for Republicans to start fighting back against this nonsensical â��obstructionistâ�� fabrication.

.

The bottom line for Senate Democrats and the President is the same as it has always been â�� if you are forthright and willing to compromise and negotiate with Republicans, there is no reason why there canâ��t be meaningful legislation passed to benefit the American people. It takes two to tango, and you canâ��t have partisan rancor without two parties. Both Democrats and Republicans are to blame for the current state of our politics. But until Democratic actions back up their rhetoric, things are never going to change. A good first step would be ending the constant vilification of Republicans, including those in the Senate, that seems to be the message du jour of Democrats and their surrogates in the media.

See how Republicans have more than doubled the filibuster? - see nice simple chart

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Did you read the article? If you did, you would understand... - sam

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your simple little poster really means.
G'night.

Not interested - in

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reading lengthy posts which contain information of which I am already apprised obviously posted in a desperate attempt to save face, or moniker as it were.

I know you are not interested in the truth. - sam

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Patently obvious. Can hear the "la la la la I can't hear you" from here.

The best you can do is condescending prattle. And you are so good at it. Do you practice in front of the mirror?

Go ahead, take the last shot. I know you are frothing at the mouth with your hand on the trigger.

beating, dead horse, done.

There's that word - again

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truth. No one has said anything isn't the truth since the mistake was made...the "when I'm wrong" post. That's when the horse died.

And you were so gracious about that weren't you....? - sam

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I said I was wrong about Republicans not having filibuster power, but you will never admit you were wrong about how they used it and the 127 pieces of legislation that were passed including Obamacare. Yeah, those obstructionist Republicans kept ANYTHING from being done.

There is not an ounce of humility in your body is there? Nevermind, I know the answer to that.

You really are a SORE loser aren't ya?
You ought to look into a copy of How to Win Friends and Influence People. Your technique kinda...well it isn't all that great.

I'm done now, but please, continue mocking me with the condescending prattle. I know it makes your day.

Your post is - about

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you and fits very well. As usual.

Typical liberal response...."I might possibly be bad... - but YOU are worse!" pout pout

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;)

Typical sam response - wink

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and all the rest of the uninformed rubbish.

Exactly. Liberals are so blind its unbelievable.nm - GetReal

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nm

I used to be a liberal until realized I was hurting my - own country's independence!!.nm

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nm

This information is from before the election - so what is your rationale again?

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I believe someone was saying a while back that the economy was improving because their mother did her Christmas shopping in July. I guess Obama will never be able to get even the tiniest scrap of credit.

Black Friday in July?? - sm

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It had been talked about where sales were up on Black Friday, that people were actually out buying things for themselves again. There again, if you are a hard-core democrat, it will be hard for you to understand the hope that I was talking about that some of us have now. So, I'm probably not going to be able to give you any rationale there.

I didn't want the complicated math stuff - to confuse you, but

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since you asked, a moving average is a measurement of momentum. Definition: A moving average is a method for smoothing time series by averaging (with or without weights) a fixed number of consecutive terms.

Economists generally recognize momentum as being more signifcant than one day on a chart.

I don't want to confuse you either, so I will make it simple.... - sam

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You had it for 2 years with majority in both houses all to yourself. The economy went from bad to worse. If jobs held steady for 3 weeks then suddenly dipped, that tells me something is wrong now that wasn't wrong in the 3 months preceding.

Why don't you do yourself a favor, since you feel you are so much more intelligent than I am and you have to force yourself to get down on my level (typical look-down-the-nose liberal tactic), get out there on the internet and read all the economists' forecasts over the last 2 years and tell me how many have been proven right.

You are still laboring under the misconception that people will accept what you say for face value because you are so obviously more informed than we the hovering masses.

You didn't get the midterms either did ya? LOL.

I am sorry for your self-esteem issues - I don't look down my nose at you.

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I am sure it is not your fault.

Take that last typical personal shot when you... - sam

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can't defend the indefensible. Oh but I am sure that's not YOUR fault. Bush made you do it, didn't he?? lol.

Go ahead and take the last word, show me some more of that Democratic character. I'm done with ya. :-)

Actually, I practically am never the last poster on a subject - But I notice you get into it all the time

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as I look at the posts below. I really don't care.

She is debating, so yeah, she gets into it. nm - Gee

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nm

If you don't care... - see message

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I disagree with you. I do think you care because you took the time to post. That's okay of course.

However, if you looked at the posts below you will see people felt the need to have the last word in as they took pot-shots at sam. That is if you looked at the posts below.

This is almost funny. Try living in reality. I dont care - who says what, its what I see

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with my own eyes, and in my state, nothing is better, nothing! Obamas policies, if anything, delayed the recovery, and he also seems to have not gotten the message from the latest election. I would actually have some respect for him if he would admit we need to change course.

Not saying it won't take a lot more time to recover from the Bush years. - sm

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The point is that it is improving.

When all else fails, blame it on Bush.... - sam

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however, as we all know and the Dems keep forgetting, our present financial crisis can be traced back to Barney Frank. Most people don't believe it was all Bush's fault anymore. We know better. We have seen it on You Tube. "Fannie and Freddie won't fail, and if they do, we aren't bailing them out." Ahem.

We have had people on unemployment for TWO YEARS (there is that pesky 2 years again). We lost jobs again last month, more filed for unemployment, and those economists who always get it right were "surprised" by that.

It is not getting better. And it will not until we get people back to work. You do that by stopping squeezing the jobmakers, cut spending back, and Democrats start acting like adults instead of a 16-year-old with daddy's credit card.

When in doubt, blame it on Frank. - nm

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You must be the only one still in doubt. I'm sure. - sam

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He told me himself. And the rest of the world. On You Tube. Dead horse, beating, stopping. lol.

I will blame most on Obama, the most clueless (never run - ANY business) president.. ughh.nm

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nm

that mantra is more than old. Blame Bush, heck, at - this point, I would take Bush back!.nm

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nm

Okay, I keep hearing about the Bush years - Calgon take me away

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There are certain things of the Bush years that I do not want to think of such as the terrorist attacks, but otherwise, let's go back to the days when Bush was in and the republicans were controlling congress. Maybe they were a terrible financial time for you, but they weren't for a lot. You could have told us then what it would be like today, and we would have never believed it. I think Bush has had to take the heat for a democratic congress in his last term.

What? What part of massive foreclosures do you not remember? - Huh?

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What part of 99 weeks unemployment--do the math--do you not remember? What part of diminishing 401Ks and not being able to retire do you not remember?

How about you go back in a time machine and have Bush as Prez. I'll stay here and count my money in my 401K.

What part of Barney Frank do you not understand? - sam

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In his own words, when the Republicans were trying to get legislation passed to regulate the very entities whose failure caused this mess:

Hearing from September 2003 on an administration proposal to alter the regulation of GSEs like Fannie Mae and Freddie Mac. See Congressman Barney Frank's opening statement, which begins at 4:40. It's rather amusing. Here's an excerpt of his opening statement:
I want to begin by saying that I am glad to consider the legislation, but I do not think we are facing any kind of a crisis. That is, in my view, the two government sponsored enterprises we are talking about here, Fannie Mae and Freddie Mac, are not in a crisis. We have recently had an accounting problem with Freddie Mac that has led to people being dismissed, as appears to be appropriate. I do not think at this point there is a problem with a threat to the Treasury.

The more people, in my judgment, exaggerate a threat of safety and soundness, the more people conjure up the possibility of serious financial losses to the Treasury, which I do not see. I think we see entities that are fundamentally sound financially and withstand some of the disastrous scenarios. And even if there were a problem, the Federal Government doesn't bail them out. But the more pressure there is there, then the less I think we see in terms of affordable housing.

The Republicans had it right on that one, big time. But in his arrogance and speed to trot out more entitlements to people he KNEW could not afford to pay them back, with the adjustable rate mortgages, no credit checks et al...and we are STILL suffering the effects.

So please, stop the Blame Bush for this. It just sounds petty and ridiculous, when you HAVE to know it is a lie. So just stop spreading it and enjoy your 401K.

My 401K has recovered and I\'m looking at being able to retire again. - I'm doing well

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I was convinced I would be working for another decade. The stock market's been going like gangbusters lately. And ANYONE can invest; you don't have to be rich.

Thanks, Mr. Obama. It's obvious Wall Street has had confidence in you for many months now.

An army of one. But good for you. Glad your 401K has recovered. - sam

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I am glad for anyone who is doing decently in this economy, seriously.

However, those who have been (2-3 million they say) who have been on unemployment for 2 years might not be as eager to thank the President.

But...all that talk about Wall Street and anyone can invest you don't have to be rich to invest...be careful, you are starting to sound like a free market capitalist. ;)

Good for you!

I thought the Republican talking points was ... - me

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...we don't need to extend unemployment benefits 'cuz it's only lazy moochers who prefer to rely on the government that are the 99-week unemployed. At least that what I remember ol' Rushbo saying.

I wish you guys would get it together and drink the same kool-aid.

She flip flops faster than an Asian Carp - sm

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She thinks Barney is responsible for the collapse of the free world when he was one congressman out of 535 legislators under a Republican president. Then she does not know what side of the fence she is on regarding unemployment. Should be an interesting day.

And the pack behavior begins. If this poster.... - sam

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would do "her" research, she would know that the "legislation" never got out of the committee that Barney Frank chaired, so the 535 legislators never got a shot at it. If she did research "she" would also know that the Republican president sent someone to testify before that committee telling them what could happen (and what eventually DID happen). It is all on You Tube, "she" could hear it for herself, if "she" could drag herself out of the indoctrination long enough to look.

I do know which side I fall on the side of unemployment. I was stating a fact, as you well know, no changing sides. Have there, or have there not, been people on unemployment for over 2 years? Yes. Do I think it should be extended without a spending cut to compensate? No, I don't. But the truth rarely comes into hit posts like this "Poster."

Going to be the same old kind of day...hunt out the person who exposes us and attack like a pack.

Woof, woof. Sic'her! LOL. Sooo transparent. Go ahead. I have broad shoulders. Get your daily dose.

Not as fast as Obama though...ban earmarks, no wait... - reform earmarks.

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Examine all spending programs and eliminate those that don't work..oh wait, I can't cut spending, I'm a Democrat.

LOL!

AWK! A Dem who admits to listening to Old Rushbo... - alert the media! lol

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nm

You should listen to the other member of your pack who.... - sam

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said David Corn did not speak for Democrats. Ol' Rushbo as you call him does not speak for all conservatives. What I said was I did not think the unemployment should be extended without a spending cut to pay for it and I still say that. And why the Democrats just absolutely bow up their necks at spending cuts like it is going to make the free world as we know it explode, I don't know. Perhaps you can explain that one to me.

You guys are not staying on message. The DNC will be coming around to slap your hands. lol.

Why do you say such things? - You

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call her a pack member. Nasty.

The Republican talking points were... - sam

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let's not extend the unemployment benefits without cutting a cost somewhere to pay for them. Last time I looked old Rushbo was not in Congress and can flap his jaws all he wants to, he has no vote.

Love the koolaid remark. That's what I like about Republicans. THey don't all say the same thing all the time and yeah, they get off message. Quite unlike the other party. If one of you does get off message the rest of the party jumps on (DINOs, caving) and makes them PAY for getting off message.

Given that, I have to give the Republicans and the DINO cavers (God bless them!) the higher ground on that one too.

And I did not name them the DINO cavers...another Democrat did that. ;)

More than one in that Army - The economy improving with no help from 'pubs

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ROFL. That's a good one. Now pull the other leg. - LOL

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nm

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Total nonfarm payroll employment declined by 125,000 in June, and theunemployment rate edged down to 9.5 percent, the U.S. Bureau of LaborStatistics reported today. The decline in payroll employment reflected a decrease (-225,000) in the number of temporary employees working on Census 2010. Private-sector payroll employment edged up by 83,000.In June, the number of long-term unemployed (those jobless for 27weeks and over) was unchanged at 6.8 million. These individuals madeup 45.5 percent of u ...

Jun 03, 2012
Health care employment continued to increase in May (+33,000). Within the industry,employment in ambulatory health care services, which includes offices of physiciansand outpatient care centers, rose by 23,000 over the month. Over the year, health careemployment has risen by 340,000. The Negative Nellies will not like this, but too bad. More health care employment, more jobs for us, more people getting needed health care. ...

Oct 05, 2012
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Nov 07, 2013
The question was, would angry Democratic voters turn out for a midterm election? The GOP was betting it all that they wouldn't. Well, angry black voters did. Approximately 10% of the population, they were 20% of the voters who said Get Lost to Governor McDonnell and his would-be successor Ken Cuccinelli. Even more specifically, angry black women voters turned out. 91% of them voted for McAuliffe/against McDonnell. I'm sorry to say white women actually cut strongly for McDonnell, ...

Dec 08, 2016
Like the MSM is not really reporting news, they are in the propaganda business. ...

Nov 28, 2011
by digby The good news is that Alabama is equal opportunity xenophobic. The bad news is that they aren't really supposed to be: A German manager with Mercedes-Benz is free after being arrested for not having a driver's license with him under Alabama's new law targeting illegal immigrants, authorities said Friday, in an otherwise routine case that drew the attention of Gov. Robert Bentley. Tuscaloosa Police Chief Steven Anderson told The Associated Press an officer sto ...

Jul 11, 2010
But I'm a little freaked out, and the first available appointment with the glaucoma specialist isn't until August 31, so I have some time to continue freaking out.I went to the optometrist for what I thought was a routine visit and refraction update. He was alarmed at how much worse my right eye had gotten in 2 years, and suspected a cataract.A cataract? At my age? I'm only 54! But yes... I am developing a cataract in my right eye. Not only that, my pressure is up, and they would ...

Aug 16, 2012
This is definitely not going to make the Democrats happy. ...

Dec 20, 2013
"Economists at Jefferies & Co. expect the economy to grow 3.3% next year. That would be the biggest level of annual growth in ten years. They also expect the job market to finally replace all the private sector jobs lost in the recession." Even though this spike isn't expected to be a constant, things continue to trend in the right direction. Good news for all Americans. :D ...

Jan 23, 2014
The 2016 primaries will be quite entertaining for the dems. http://www.freerepublic.com/focus/f-news/3114194/posts Quinnipiac 2016 National GOP Poll Quinnipiac ^ | 01-21-2014 | Quinnipiac University Posted on Tuesday, January 21, 2014 9:57:37 PM by PaulCruz2016 January 15-19, 2014 833 Republicans +/-3.4% Rand Paul: 13% Paul Ryan: 13% Chris Christie: 12% Jeb Bush: 11% Ted Cruz: 9% Marco Rubio: 8% Scott Walker: 6% Bobby Jindal: 3% John Kasich: 2% And I found this (more good news for dems): ...