Comments on: White House Report: Recovery Act Saved Millions of Jobs, Boosted Economic Growth

By: CD

CD — Fri, 16 Jul 2010 04:23:22 +0000

Some of you seem like fairly intelligent people. I just can’t believe what I’m reading. How’s that change working out for you now? At what point does one start taking accountability and making change that is actually good for Americans? When does the corruption stop? Will the politicians join hands and minds and start working for the good of this wonderful country? For freedom? For American values? For the future of our children? Let’s all commit to make change in our own hearts first, pray for change that will truly help save our country. Let’s all start making a personal impact. That’s the only way.Learn from mistakes of the past, correct and forge forward for a better tomorrow.

By: Mary

Mary — Thu, 15 Jul 2010 18:23:43 +0000

From Reuters (July 15, 2010):
Banks repossessed a record number of U.S. homes in the second quarter, but slowed new foreclosure notices to manage distressed properties on the market, real estate data company RealtyTrac said on Thursday.
The root problems of job losses and wage cuts persist, making a sustained U.S. housing recovery elusive.
Banks took control of 269,962 properties in the second quarter, up 5 percent from the prior quarter and a 38 percent spike from the second quarter of last year, RealtyTrac said in its midyear 2010 foreclosure report.
Repossessions will likely top 1 million this year.
“The underlying conditions haven’t improved,” RealtyTrac senior vice president Rick Sharga said in an interview.
The housing market still grapples with “unemployment, economic displacement in general, and still sits on over 5 million seriously delinquent loans that in all likelihood will at some point go into foreclosure,” he said.
———-
So foreclosures are WAY up this year compared to last year, and it’s primarily due to job losses. The Obama administration didn’t mention this. Weird.

By: Noz

Noz — Thu, 15 Jul 2010 16:07:35 +0000

“check out yesterday’s testimony to Congress” – green.goddess
Oh, did someone from the administration use a higher jobs saved spin figure than the 3 million yesterday?
If so good for them.
10 million sounds a lot better than 3 million.

By: green.goddess

green.goddess — Thu, 15 Jul 2010 15:51:15 +0000

Noz | Jul 15, 2010 10:35:43 AM posted “I
have no idea…”
check out yesterday’s testimony to Congress, “An Assessment of the American Recovery and Reinvestment Act.”

By: Lizzie

Lizzie — Thu, 15 Jul 2010 15:33:32 +0000

“President Obama’s spending very likely saved the country and possibly the world from a complete economic breakdown.Posted by: kramer | Jul 14, 2010 4:56:28 PM”
Bush initiated the TARP, to stabilize the banks, Pres. Obama stimulus was nothing but a payoff to his supporters and states that voted him into office. Pres. Obama quadruplet the debt of ALL Presidents in just 18 months, just wait and see what he can do in 4 years????? Bankruptcy or inflation here we come. Which do you think will be better????????

By: Noz

Noz — Thu, 15 Jul 2010 14:35:43 +0000

I have no idea why this administration is stuck on this 3 million jobs saved figure.
What’s wrong with 6, 7 or even 10 million jobs saved?
Why low ball the spin?
It makes no sense.

By: tjp612

tjp612 — Thu, 15 Jul 2010 04:54:25 +0000

“Why do right wingers think its ok to deny someone a loan based on their skin color or neighborhood versus their individual credit worthiness?”
Why do left wingers think it is ok to distort the truth?

By: tjp612

tjp612 — Thu, 15 Jul 2010 04:52:47 +0000

So if I decide not to spend $1,000,000 that I do not have, do I get credit for “saving” $1,000,000?
If I decide not to eat 2 Big Macs every day for 2 months, do I get credit for “saving” 10 pounds of fat I otherwise would have gained?
This administration is ridiculous. And dangerously (intentionally?) incompetent.

By: Quo Warranto?

Quo Warranto? — Thu, 15 Jul 2010 02:02:32 +0000

Any Republican president trying to take credit for “jobs saved” would be rightly roundly panned in the media… Why should Mr. Obama receive special license?

By: Ryan C

Ryan C — Wed, 14 Jul 2010 22:16:08 +0000

“Why, he was actively working with ACORN to push banks to…gasp…engage in more SUBPRIME lending to minorities!”
Why do right wingers think its ok to deny someone a loan based on their skin color or neighborhood versus their individual credit worthiness?