Rovingpatrol's Blog

Zero Gets Zero Credit

Posted in politics by roving on March 14, 2009

There are signs that the housing market may have hit bottom. Listening to the radio I heard reports of houses being built all over. Now is the time to buy because of low interest rates. Here in my city, they are still building. I seen a new apartment building being put up. Also a brand new Walgreens. New businesses are still opening.

I bought a new car because the deals are to good to pass up. There is a big demand for used cars but not enough to go around. The dealer gave me $2000 over blue book for my used car. I asked him how many cars they sell a month. He said between 70-75. Lately its been mostly used cars but last month they sold more new then used. 75 cars for the size of my city is very good. While at  the dealership, all the salesmen were busy.  So if anyone is in the market for a new car, now is the time to get a good deal.

The problem is, the media and Obama are going to get the credit when the economy turns around. Just like he is trying to take credit for Iraq. Obama has done nothing to help the economy or Iraq.

The other problem is  the economy will crash again when his socialist programs kick in. Obama wanted the economy to fail. Every time he opened his mouth I lost money in my 401k because the stock market would tank. Obama isnt the smartest bulb in the room but he had to of seen what would happen every time he said anything. So did he change the way he would talk? No. Because he needs the economy in the tank so he can push in his own programs.

How Obama thinks all the coming tax increases are going to help is beyond me.

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One Response

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  1. pobept said, on March 15, 2009 at 3:32 pm

    I don’t know where you live but in Oklahoma the housing bubble is not re-inflating! Values continue to drop.
    Yes houses are still under construction, but that is due to obligations occurred when these construction loans were contracted. Some as much as 5 years ago.
    Commercial property is showing signs of collapse. Things are not looking up here, at least not yet. I fear it will be 2012 to 2015 before the market bottoms out and another 5 to 10 years before we show real signs of recovery.

    The bright side of all this is John Q Public will be forced to live within his means. Sub prime loans will die from starvation and credit card debt and out ragouts interest rates and bank trickery will be brought under control.


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