[LA_Renter]

I enjoyed this Op-ed piece on Obama by David Brooks in the NY Times, the two Obamas

My favorite quote was

“But he’s been giving us an education, for anybody who cares to pay attention. Just try to imagine Mister Rogers playing the agent Ari in “Entourage” and it all falls into place.”

Point being don’t underestimate this guy, you are talking about somebody who beat the Clintons at the inside game.

Here is my biggest concern about our politicians big promises going forward

“To which the folks who monitor the nation’s financial situation can only say: Good luck. Because, back in Washington, tax collections are slowing, the budget deficit is rising, and the national debt is approaching $10 trillion. Whoever wins the White House this fall, fiscal experts say, is likely to have a tough time enacting expensive new initiatives, be they tax cuts or health care reform.

Economists expect the deficit to top $400 billion when the fiscal year ends Sept. 30, rivaling the all-time high of $413 billion set in 2004. Meanwhile, Congress recently adopted a spending plan that projects a $340 billion deficit in 2009 — a number likely to grow, lawmakers say, as the cost of the Iraq war rises, the economy weakens and the flow of revenue slows.”

http://www.washingtonpost.com/wp-dyn/content/article/2008/06/20/AR2008062002889.html?hpid=topnews

I want to hear somebody talk about a balanced budget.

[LA_Renter]

I enjoyed this Op-ed piece on Obama by David Brooks in the NY Times, the two Obamas

My favorite quote was

“But he’s been giving us an education, for anybody who cares to pay attention. Just try to imagine Mister Rogers playing the agent Ari in “Entourage” and it all falls into place.”

Point being don’t underestimate this guy, you are talking about somebody who beat the Clintons at the inside game.

Here is my biggest concern about our politicians big promises going forward

“To which the folks who monitor the nation’s financial situation can only say: Good luck. Because, back in Washington, tax collections are slowing, the budget deficit is rising, and the national debt is approaching $10 trillion. Whoever wins the White House this fall, fiscal experts say, is likely to have a tough time enacting expensive new initiatives, be they tax cuts or health care reform.

Economists expect the deficit to top $400 billion when the fiscal year ends Sept. 30, rivaling the all-time high of $413 billion set in 2004. Meanwhile, Congress recently adopted a spending plan that projects a $340 billion deficit in 2009 — a number likely to grow, lawmakers say, as the cost of the Iraq war rises, the economy weakens and the flow of revenue slows.”

http://www.washingtonpost.com/wp-dyn/content/article/2008/06/20/AR2008062002889.html?hpid=topnews

I want to hear somebody talk about a balanced budget.

[LA_Renter]

I enjoyed this Op-ed piece on Obama by David Brooks in the NY Times, the two Obamas

My favorite quote was

“But he’s been giving us an education, for anybody who cares to pay attention. Just try to imagine Mister Rogers playing the agent Ari in “Entourage” and it all falls into place.”

Point being don’t underestimate this guy, you are talking about somebody who beat the Clintons at the inside game.

Here is my biggest concern about our politicians big promises going forward

“To which the folks who monitor the nation’s financial situation can only say: Good luck. Because, back in Washington, tax collections are slowing, the budget deficit is rising, and the national debt is approaching $10 trillion. Whoever wins the White House this fall, fiscal experts say, is likely to have a tough time enacting expensive new initiatives, be they tax cuts or health care reform.

Economists expect the deficit to top $400 billion when the fiscal year ends Sept. 30, rivaling the all-time high of $413 billion set in 2004. Meanwhile, Congress recently adopted a spending plan that projects a $340 billion deficit in 2009 — a number likely to grow, lawmakers say, as the cost of the Iraq war rises, the economy weakens and the flow of revenue slows.”

http://www.washingtonpost.com/wp-dyn/content/article/2008/06/20/AR2008062002889.html?hpid=topnews

I want to hear somebody talk about a balanced budget.

[LA_Renter]

I enjoyed this Op-ed piece on Obama by David Brooks in the NY Times, the two Obamas

My favorite quote was

“But he’s been giving us an education, for anybody who cares to pay attention. Just try to imagine Mister Rogers playing the agent Ari in “Entourage” and it all falls into place.”

Point being don’t underestimate this guy, you are talking about somebody who beat the Clintons at the inside game.

Here is my biggest concern about our politicians big promises going forward

“To which the folks who monitor the nation’s financial situation can only say: Good luck. Because, back in Washington, tax collections are slowing, the budget deficit is rising, and the national debt is approaching $10 trillion. Whoever wins the White House this fall, fiscal experts say, is likely to have a tough time enacting expensive new initiatives, be they tax cuts or health care reform.

Economists expect the deficit to top $400 billion when the fiscal year ends Sept. 30, rivaling the all-time high of $413 billion set in 2004. Meanwhile, Congress recently adopted a spending plan that projects a $340 billion deficit in 2009 — a number likely to grow, lawmakers say, as the cost of the Iraq war rises, the economy weakens and the flow of revenue slows.”

http://www.washingtonpost.com/wp-dyn/content/article/2008/06/20/AR2008062002889.html?hpid=topnews

I want to hear somebody talk about a balanced budget.

[LA_Renter]

I enjoyed this Op-ed piece on Obama by David Brooks in the NY Times, the two Obamas

My favorite quote was

“But he’s been giving us an education, for anybody who cares to pay attention. Just try to imagine Mister Rogers playing the agent Ari in “Entourage” and it all falls into place.”

Point being don’t underestimate this guy, you are talking about somebody who beat the Clintons at the inside game.

Here is my biggest concern about our politicians big promises going forward

“To which the folks who monitor the nation’s financial situation can only say: Good luck. Because, back in Washington, tax collections are slowing, the budget deficit is rising, and the national debt is approaching $10 trillion. Whoever wins the White House this fall, fiscal experts say, is likely to have a tough time enacting expensive new initiatives, be they tax cuts or health care reform.

Economists expect the deficit to top $400 billion when the fiscal year ends Sept. 30, rivaling the all-time high of $413 billion set in 2004. Meanwhile, Congress recently adopted a spending plan that projects a $340 billion deficit in 2009 — a number likely to grow, lawmakers say, as the cost of the Iraq war rises, the economy weakens and the flow of revenue slows.”

http://www.washingtonpost.com/wp-dyn/content/article/2008/06/20/AR2008062002889.html?hpid=topnews

I want to hear somebody talk about a balanced budget.

[LA_Renter]

I think that this election is Obama’s to lose. And I think Obama has enough vulnerabilities where that is a distinct possibility. I don’t think you can look at this election through the lens of 2000 or 2004. The composite of the electorate is the wild card in this election. I wouldn’t put too much stock in the polls this year due to pollsters probably not weighting the demographics correctly. Right now I would say that plays to Obama’s favor. You could take Virginia as an example. This has been a reliable Republican state for decades but maybe not this year. You have a large African American population and the growing suburbs of N. Va which lean left. This is where all the energy and activism lies. Turnout among these voters will more than likely be historic, enough to flip Va blue. But there is enough controversy in Obama’s past that could really galvanize the middle part of the electorate to vote on culture and national security issues which would benefit McCain. Right now given the state of the economy (housing bust, ongoing credit crisis, oil) and the fact that recently McCain has come cross as a creepy Mr. McGoo I would guess that Obama will win. My gut tells me he won’t close the deal. JMHO.

[LA_Renter]

I think that this election is Obama’s to lose. And I think Obama has enough vulnerabilities where that is a distinct possibility. I don’t think you can look at this election through the lens of 2000 or 2004. The composite of the electorate is the wild card in this election. I wouldn’t put too much stock in the polls this year due to pollsters probably not weighting the demographics correctly. Right now I would say that plays to Obama’s favor. You could take Virginia as an example. This has been a reliable Republican state for decades but maybe not this year. You have a large African American population and the growing suburbs of N. Va which lean left. This is where all the energy and activism lies. Turnout among these voters will more than likely be historic, enough to flip Va blue. But there is enough controversy in Obama’s past that could really galvanize the middle part of the electorate to vote on culture and national security issues which would benefit McCain. Right now given the state of the economy (housing bust, ongoing credit crisis, oil) and the fact that recently McCain has come cross as a creepy Mr. McGoo I would guess that Obama will win. My gut tells me he won’t close the deal. JMHO.

[LA_Renter]

I think that this election is Obama’s to lose. And I think Obama has enough vulnerabilities where that is a distinct possibility. I don’t think you can look at this election through the lens of 2000 or 2004. The composite of the electorate is the wild card in this election. I wouldn’t put too much stock in the polls this year due to pollsters probably not weighting the demographics correctly. Right now I would say that plays to Obama’s favor. You could take Virginia as an example. This has been a reliable Republican state for decades but maybe not this year. You have a large African American population and the growing suburbs of N. Va which lean left. This is where all the energy and activism lies. Turnout among these voters will more than likely be historic, enough to flip Va blue. But there is enough controversy in Obama’s past that could really galvanize the middle part of the electorate to vote on culture and national security issues which would benefit McCain. Right now given the state of the economy (housing bust, ongoing credit crisis, oil) and the fact that recently McCain has come cross as a creepy Mr. McGoo I would guess that Obama will win. My gut tells me he won’t close the deal. JMHO.

[LA_Renter]

I think that this election is Obama’s to lose. And I think Obama has enough vulnerabilities where that is a distinct possibility. I don’t think you can look at this election through the lens of 2000 or 2004. The composite of the electorate is the wild card in this election. I wouldn’t put too much stock in the polls this year due to pollsters probably not weighting the demographics correctly. Right now I would say that plays to Obama’s favor. You could take Virginia as an example. This has been a reliable Republican state for decades but maybe not this year. You have a large African American population and the growing suburbs of N. Va which lean left. This is where all the energy and activism lies. Turnout among these voters will more than likely be historic, enough to flip Va blue. But there is enough controversy in Obama’s past that could really galvanize the middle part of the electorate to vote on culture and national security issues which would benefit McCain. Right now given the state of the economy (housing bust, ongoing credit crisis, oil) and the fact that recently McCain has come cross as a creepy Mr. McGoo I would guess that Obama will win. My gut tells me he won’t close the deal. JMHO.

[LA_Renter]

I think that this election is Obama’s to lose. And I think Obama has enough vulnerabilities where that is a distinct possibility. I don’t think you can look at this election through the lens of 2000 or 2004. The composite of the electorate is the wild card in this election. I wouldn’t put too much stock in the polls this year due to pollsters probably not weighting the demographics correctly. Right now I would say that plays to Obama’s favor. You could take Virginia as an example. This has been a reliable Republican state for decades but maybe not this year. You have a large African American population and the growing suburbs of N. Va which lean left. This is where all the energy and activism lies. Turnout among these voters will more than likely be historic, enough to flip Va blue. But there is enough controversy in Obama’s past that could really galvanize the middle part of the electorate to vote on culture and national security issues which would benefit McCain. Right now given the state of the economy (housing bust, ongoing credit crisis, oil) and the fact that recently McCain has come cross as a creepy Mr. McGoo I would guess that Obama will win. My gut tells me he won’t close the deal. JMHO.

[LA_Renter]

“I read all your comments and am reminded of the stock market blogs…much speculation and little fundamentals.”

This is a first for Piggington. What gave rise to this blog was its emphasis on the fundamentals. This blog and many like it accurately called the housing boom what it actually was…..a housing bubble. That was long before it was popular to say so.

PQ Kid, read the “Bubble Primer” to get a better understanding of the context of the discussions on this blog. Of course there is speculation about how this will unfold but most of the arguments on this blog are deeply rooted in data. You left one thing out of your analysis on why now is the best time to buy, here is a quote from Rich’s “May Resale Housing Data Rodeo”

“I myself don’t see much of an aggregate bottom coming anytime soon while foreclosures continue to pile up at such record-shattering rates. The 1990s bust saw prices fall for 6 years in the face of a foreclosure rate that was barely more than 1/3 what we are seeing now. The pickup in sales is certainly a candle in the dark, but it just doesn’t mean all that much when those sales continue to be overwhelmed by a torrent of new foreclosures.”

[LA_Renter]

“I read all your comments and am reminded of the stock market blogs…much speculation and little fundamentals.”

This is a first for Piggington. What gave rise to this blog was its emphasis on the fundamentals. This blog and many like it accurately called the housing boom what it actually was…..a housing bubble. That was long before it was popular to say so.

PQ Kid, read the “Bubble Primer” to get a better understanding of the context of the discussions on this blog. Of course there is speculation about how this will unfold but most of the arguments on this blog are deeply rooted in data. You left one thing out of your analysis on why now is the best time to buy, here is a quote from Rich’s “May Resale Housing Data Rodeo”

“I myself don’t see much of an aggregate bottom coming anytime soon while foreclosures continue to pile up at such record-shattering rates. The 1990s bust saw prices fall for 6 years in the face of a foreclosure rate that was barely more than 1/3 what we are seeing now. The pickup in sales is certainly a candle in the dark, but it just doesn’t mean all that much when those sales continue to be overwhelmed by a torrent of new foreclosures.”

[LA_Renter]

“I read all your comments and am reminded of the stock market blogs…much speculation and little fundamentals.”

This is a first for Piggington. What gave rise to this blog was its emphasis on the fundamentals. This blog and many like it accurately called the housing boom what it actually was…..a housing bubble. That was long before it was popular to say so.

PQ Kid, read the “Bubble Primer” to get a better understanding of the context of the discussions on this blog. Of course there is speculation about how this will unfold but most of the arguments on this blog are deeply rooted in data. You left one thing out of your analysis on why now is the best time to buy, here is a quote from Rich’s “May Resale Housing Data Rodeo”

“I myself don’t see much of an aggregate bottom coming anytime soon while foreclosures continue to pile up at such record-shattering rates. The 1990s bust saw prices fall for 6 years in the face of a foreclosure rate that was barely more than 1/3 what we are seeing now. The pickup in sales is certainly a candle in the dark, but it just doesn’t mean all that much when those sales continue to be overwhelmed by a torrent of new foreclosures.”

[LA_Renter]

“I read all your comments and am reminded of the stock market blogs…much speculation and little fundamentals.”

This is a first for Piggington. What gave rise to this blog was its emphasis on the fundamentals. This blog and many like it accurately called the housing boom what it actually was…..a housing bubble. That was long before it was popular to say so.

PQ Kid, read the “Bubble Primer” to get a better understanding of the context of the discussions on this blog. Of course there is speculation about how this will unfold but most of the arguments on this blog are deeply rooted in data. You left one thing out of your analysis on why now is the best time to buy, here is a quote from Rich’s “May Resale Housing Data Rodeo”

“I myself don’t see much of an aggregate bottom coming anytime soon while foreclosures continue to pile up at such record-shattering rates. The 1990s bust saw prices fall for 6 years in the face of a foreclosure rate that was barely more than 1/3 what we are seeing now. The pickup in sales is certainly a candle in the dark, but it just doesn’t mean all that much when those sales continue to be overwhelmed by a torrent of new foreclosures.”

[LA_Renter]

“I read all your comments and am reminded of the stock market blogs…much speculation and little fundamentals.”

This is a first for Piggington. What gave rise to this blog was its emphasis on the fundamentals. This blog and many like it accurately called the housing boom what it actually was…..a housing bubble. That was long before it was popular to say so.

PQ Kid, read the “Bubble Primer” to get a better understanding of the context of the discussions on this blog. Of course there is speculation about how this will unfold but most of the arguments on this blog are deeply rooted in data. You left one thing out of your analysis on why now is the best time to buy, here is a quote from Rich’s “May Resale Housing Data Rodeo”

“I myself don’t see much of an aggregate bottom coming anytime soon while foreclosures continue to pile up at such record-shattering rates. The 1990s bust saw prices fall for 6 years in the face of a foreclosure rate that was barely more than 1/3 what we are seeing now. The pickup in sales is certainly a candle in the dark, but it just doesn’t mean all that much when those sales continue to be overwhelmed by a torrent of new foreclosures.”

[Author]

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