Sense of something wrong

[Effective Demand]

[quote=jeeman]Obama has increased our debt in 2 years more than Bush did in all 8 of his years![/quote]

This is absolutely true but people don’t look at why it is the case.

Tax revenue dropped because of the recession and “transfer payments” (things like unemployment insurance) spiked.

You can see the Unemployment Insurance spiking here, the spike starts mid-2008:
http://research.stlouisfed.org/fred2/series/B223RC1?cid=110

You see increases in Medicaid and Social Security because of the recession as well.. this is all baked into the cake no matter who is in office.

Then you look at receipts, tax receipts dropped tremendously because of both the lower tax receipts caused by fewer employed and lower tax rate (some of the lowest in history) because of the ARRA.

I would love to see anyones projections of how the budget would be different under anyones else administration. The vast majority of this was already baked into the cake before whoever came into office in 2009 was sworn in. Anyone believing any different is just believing political rhetoric instead of looking at the data.

As to the original posters post, I actually see many signs of things getting better (total auto sales, weekly unemployment claims, ISM, and just a guess.. todays NFP report). Not necessarily in the commercial RE space but I can tell more people have jobs (more people in stores both working and buying). Things are by no means rosey but I do not believe things are getting worse by any stretch of the imagination.

[sdrealtor]

If you cant see signs of improvements you have your eyes closed and are unwilling to open them. People are spending again. The major driver of the market is consumer spending which in turn is driven by psychology which was improved. People have been hurt and are concerned about what is going on but they see hope and signs of progress. Stopping the freefall in consumer sentiment was the key to this all and they have. People are spending again albeit carefully and while incurring less debt. While raging good times are not on the horizon, fear of systemic collapse has passed. A continued sense of fear is paralyzing for many, I hope they can get past it.

[sdrealtor]

If you cant see signs of improvements you have your eyes closed and are unwilling to open them. People are spending again. The major driver of the market is consumer spending which in turn is driven by psychology which was improved. People have been hurt and are concerned about what is going on but they see hope and signs of progress. Stopping the freefall in consumer sentiment was the key to this all and they have. People are spending again albeit carefully and while incurring less debt. While raging good times are not on the horizon, fear of systemic collapse has passed. A continued sense of fear is paralyzing for many, I hope they can get past it.

[sdrealtor]

If you cant see signs of improvements you have your eyes closed and are unwilling to open them. People are spending again. The major driver of the market is consumer spending which in turn is driven by psychology which was improved. People have been hurt and are concerned about what is going on but they see hope and signs of progress. Stopping the freefall in consumer sentiment was the key to this all and they have. People are spending again albeit carefully and while incurring less debt. While raging good times are not on the horizon, fear of systemic collapse has passed. A continued sense of fear is paralyzing for many, I hope they can get past it.

[sdrealtor]

If you cant see signs of improvements you have your eyes closed and are unwilling to open them. People are spending again. The major driver of the market is consumer spending which in turn is driven by psychology which was improved. People have been hurt and are concerned about what is going on but they see hope and signs of progress. Stopping the freefall in consumer sentiment was the key to this all and they have. People are spending again albeit carefully and while incurring less debt. While raging good times are not on the horizon, fear of systemic collapse has passed. A continued sense of fear is paralyzing for many, I hope they can get past it.

[sdrealtor]

If you cant see signs of improvements you have your eyes closed and are unwilling to open them. People are spending again. The major driver of the market is consumer spending which in turn is driven by psychology which was improved. People have been hurt and are concerned about what is going on but they see hope and signs of progress. Stopping the freefall in consumer sentiment was the key to this all and they have. People are spending again albeit carefully and while incurring less debt. While raging good times are not on the horizon, fear of systemic collapse has passed. A continued sense of fear is paralyzing for many, I hope they can get past it.

[Arraya]

I would say, a “sense of something wrong” is probably a sign of healthy instincts.

[Arraya]

I would say, a “sense of something wrong” is probably a sign of healthy instincts.

[Arraya]

I would say, a “sense of something wrong” is probably a sign of healthy instincts.

[Arraya]

I would say, a “sense of something wrong” is probably a sign of healthy instincts.

[Arraya]

I would say, a “sense of something wrong” is probably a sign of healthy instincts.

[NotCranky]

Hooray the squirrel wheel is spinning again!

[NotCranky]

Hooray the squirrel wheel is spinning again!

[NotCranky]

Hooray the squirrel wheel is spinning again!

[NotCranky]

Hooray the squirrel wheel is spinning again!

[Author]

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