State of the Union

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CrackAddict

Trad climber

Canoga Park, CA

Jan 25, 2012 - 08:25pm PT

What happens when all the bankers would actually have to write down ALL the property they hold? Releasing them properties would bankrupt the nation, and the bankers know this as well as anybody. They don't WANT those houses released, it would bankrupt them, too.

This is true, but instead of clarifying on ownership, the Government (ironically through Fannie and Freddie, the Agencies created by the government to facilitate securitization!) uses the ambiguity to sue the big banks for tens of billions. It is perfectly legal to reconstruct county records from MERS docs, but it is very time intensive. Naturally, banks have employed "Robosigners" to facilitate the process, which has led to lawsuits.

Of course none of this is about unwarranted foreclosures, simply about paperwork, but you would never hear that from the current administration. Not a very populist message.

CrackAddict

Trad climber

Canoga Park, CA

Jan 25, 2012 - 08:28pm PT

Crack wrote: Instead of playing this stupid game that goes back all the way to George Washington, why don't we look at the state of the country when a president comes into office and the state of the country 4 years later? That is about all we can know.

OK...come back in a year comparing apples to apples.

GDP projections for 2012 don't help Obama's case. 2% growth, not enough to even create enough jobs to keep up with population growth.

philo

Trad climber

Somewhere halfway over the rainbow

Jan 25, 2012 - 08:40pm PT

The DOW hits an 8 month high as the GOP chants Obama is making it worse.

Yes he just won't let the country fail.
Bummer.

Norwegian

Trad climber

Placerville, California

Jan 25, 2012 - 08:44pm PT

home sales up, too.

obama is a patient man,
not frantic and idiotic like many of his
colleagues.
his demeanor suggests wisdom,
his prose highlights his interpersonal skills.

lasting change takes slow making.

all the haste and drama in the republican arena
is nothing more than tits and ass.

philo

Trad climber

Somewhere halfway over the rainbow

Jan 25, 2012 - 08:46pm PT

AND
KISSERS

philo

Trad climber

Somewhere halfway over the rainbow

Jan 25, 2012 - 09:04pm PT

Does it matter where it was or where it ended?

philo

Trad climber

Somewhere halfway over the rainbow

Jan 25, 2012 - 09:10pm PT

And where did it close yesterday? And the day before that?

StahlBro

Trad climber

San Diego, CA

Jan 25, 2012 - 09:10pm PT

Fatty,

I guess I missed all the republican legislation that was put forward to improve higher education. Please enlighten me.

philo

Trad climber

Somewhere halfway over the rainbow

Jan 25, 2012 - 09:13pm PT

Carefull, don't let him use LEB bulbs. Ask Russ, much too dim.

StahlBro

Trad climber

San Diego, CA

Jan 25, 2012 - 09:18pm PT

Nice, but does not seem like a long term solution.

Maybe Mitt and Newt will unveil their grand strategy soon.

philo

Trad climber

Somewhere halfway over the rainbow

Jan 25, 2012 - 09:20pm PT

Yes StahlBro it will be to close the Dept. of Education and Teacher's Unions.
That'll learn em.

philo

Trad climber

Somewhere halfway over the rainbow

Jan 25, 2012 - 09:29pm PT

Compare Bush & Obama Stock Market Indexes At The Same Point In Their Terms
The following spreadsheet compares the performance of the Dow Jones Industrial Average, NASDAQ and S & P 500 at the same point during the presidencies of George W Bush and Barrack Obama. The data is accurate as of the close of business yesterday and the comparable close of eight years ago.

http://caseagainstbush.blogspot.com/2011/08/compare-bush-obama-stock-market-indexes.html

Even when the Dow closed at the all time high of 14,000.41 on July 17, 2007, under George W Bush, that was still only a 32.23% increase from the 10,587.59 when Bush took office; which is worse than the current Dow performance under Obama at +37%, as of this posting.

End-of Presidency
Job Approval Ratings
ABC News Data
Bill Clinton (2001) 65%
Ronald Reagan (1989) 64%
John F. Kennedy (1963) 63%
Dwight Eisenhower (1961) 59%
George H W Bush (1993) 56%
Gerald Ford (1977) 53%
Lyndon Johnson (1969) 49%
Jimmy Carter (1981) 34%
George W Bush (2009) 33%
Richard Nixon (1974) 24%

OK CrackerHack, let's talk.

Bob D'A

Trad climber

Taos, NM

Jan 25, 2012 - 09:32pm PT

"President Bush will leave office as one of the most unpopular departing presidents in history, according to a new CBS News/New York Times poll showing Mr. Bush's final approval rating at 22 percent.

Seventy-three percent say they disapprove of the way Mr. Bush has handled his job as president over the last eight years.

Mr. Bush's final approval rating is the lowest final rating for an outgoing president since Gallup began asking about presidential approval more than 70 years ago."

philo

Trad climber

Somewhere halfway over the rainbow

Jan 25, 2012 - 09:33pm PT

Well at least he was finally good at something.

Norton

Social climber

the Wastelands

Jan 25, 2012 - 09:37pm PT

Within 60 days of Obama taking office, and right after the Stimulus Bill is passed, the stock market bottoms and begins it rise.

And today it closed above 12,700.

The fastest, most sustained bull market immediately after a President took office, EVER.

I hate facts.

Mtnmun

Trad climber

Top of the Mountain Mun

Jan 25, 2012 - 09:38pm PT

I couldn't believe Bush was elected for a second term. Creepy.

philo

Trad climber

Somewhere halfway over the rainbow

Jan 25, 2012 - 09:40pm PT

He WASN"T elected for a second term. He WASN"T elected for a first term either. Both those elections were stolen.

Kalimon

Trad climber

Ridgway, CO

Jan 25, 2012 - 09:53pm PT

Yes Philo . . . it is funny how soon everyone forgets! The eight years of "W" precipitated everything "O" has had to deal with in his first term. It is difficult to get the train back on the track once it has carelessly been derailed.