Economy is turning! Obama will win this election...

[clinton4life2011]

Finally, some good economic news. Housing starts were up BIG TIME. We have one year to go and things are looking up...

http://www.breakingeconomics.com/2011/10/september-housing-starts-up-15-over.html

[MH1]

1. if true, republicans will be having nightmares

the last thing they want is for the economy to improve.

[still_one]

2. Obama may win, but it won't be because of the economy, it will be in spite of it, and only because

the repukes have mostly batshit crazy nominees

[OffWithTheirHeads]

Mostly? They're all fucking nuts! All of them.

[coalition_unwilling]

15. Well Romeny iw a cold-blooded disgusting specimen of a human

being, but he seems semi-rational.

[Tarheel_Dem]

3. A good sign indeed. Question is, what will the GOP do to screw it up?

[JuniperLea]

5. You beat me to it...

They will either sabotage it or frame it as something bad.

[mercuryblues]

6. They

will approve a home buyers tax for homes under $200,000 and give that tax to the rich to offset their cost on their new home, you know because it takes more people to build a mansion than is does to build a 1,400 sq. ft home.

[MannyGoldstein]

4. I hope that you're right, but...

http://forecastchart.com/graph-housing-starts.html

[JDPriestly]

7. The housing "boom" is due to increased demand for rentals.

This is Romney's dream.

And the end of the American dream.

We need home ownership for Americans, not rentals owned by huge corporations including many foreign shareholders.

This is not good news even if it does mean that there will be a few more low-wage, depression-era jobs in the construction trades.

[Viking12]

8. That's a pretty mixed message; housing starts up, new permits down.

Will you share your rose colored glasses with the rest of us?

[clinton4life2011]

9. Look at all the numbers that are coming out...

Of course you can't look at one number in isolation. But it's one number in a long line of numbers that have been pointing up. Look all over. Coca-Cola sales are up near 50%. Wal-Mart is reporting strong demand. Commodities are surging. Industrial production up 5.1%. Producer prices are up. Of course, we'll have to deal with an inflation problem in the future, but that's beside the point. In one year, this economy could be strong enough to put Obama in for another term. That's the point.

[coalition_unwilling]

16. Your posts remind me of Mark Twain's aphorism that ther are

"lies, damned lies and statistics."

Here's a statistic you should ponder: unemployment rate in January 2009: 7.6%. Unemployment rate in September 2011: 9.1%.

[clinton4life2011]

10. Oh, and the Eurozone circus for the insane is winding down...

All good news.

[leftstreet]

20. Winding down how?

:shrug:

[enlightenment]

25. Yeah - I want some of whatever the OP is smokin' . . .

or a source citation, at least.

Crimey.

[FarCenter]

11. Looks like starts defered from August in the East and Midwest

Multifamily is coming back in the South and West, but not single family.

http://www.census.gov/const/newresconst.pdf

[sad sally]

12. Multiple family housing - apartments.

Guess this is excellent news to investors.

[ixion]

13. The original problem has not been solved

hence there is no 'turning'.

[kenny blankenship]

21. But the Official Cover-Up is nearly in place - Gobama!

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=433x801485

[coalition_unwilling]

14. The economy is turning towards a double-dip recession. Wait

until the effect of all the state and local budget cuts hits and watch unemployment increase beyond the 10% mark. Macroeconomics 101.

[jeff47]

17. Don't repeat the error of "Recovery Summer" (nt)

[girl gone mad]

27. Green shoots!

Ugh.

[pampango]

18. We all hope you're right for the sake of the people and of our party, but I wouldn't be too sure

based on that.

[xchrom]

19. ...

:rofl:

[alcibiades_mystery]

22. You can't state that anything is working on this forum

It disturbs the pleasure people get from gloom and doom.

[Number23]

26. Damn, you got that right

[girl gone mad]

28. Shitty comment.

I sincerely doubt anybody derives pleasure in pointing out how much the average person is struggling.

You should apologize for this statement and also apologize for being wrong about the state of the economy over the past few years. The "doom and gloomers" got it absolutely right.

[flamingdem]

23. Cain / Perry 2012 !!!11

that would rock

[Still Blue in PDX]

24. Purely anecdotal, but 66% of the people living in my home are newly unemployed.

I'm the 33% that is working, and I work two jobs.

Disclaimer: I know, I know . . . doesn't mean anything. I'm just depressed today and taking any good news with several grains of salt.

I WANT to believe. Honest!

Edited to add disclaimer.

[eridani]

29. Statistics on "the economy" are having less and less conection with peoples' lived reality

http://www.thestreet.com/story/11281505/1/food-shelter-data-worse-than-in-recession.html?puc=unitedonli&cm_ven=UNITEDONLI

Households are having more trouble paying for basic necessities now than during the recession, one study shows, offering further proof the economic recovery has been anything but for many Americans.

Fewer Americans had enough money to pay for food and shelter in September of this year than the same month in 2008, according to Gallup's monthly survey of more than 29,000 adults. Just 80.1% of those surveyed could afford to buy food for their family last month and 89.8% could afford housing, both of which were down 1 percentage point from September 2008, in the middle of the recession.

Meanwhile, the percentage of Americans with access to basic medical health care has declined at an even faster rate. Some 78.3% of those surveyed had a personal doctor last month and only 64% had visited a dentist in the previous year, down by 4.2 percentage points and 2.6 percentage points, respectively. This is likely due to dwindling funds for many households, combined with the fact that the percentage of Americans with health insurance has dropped by 3.6 percentage points.

On the whole, Gallup's Basic Access Index, which factors in these and other criteria, stood at 81.4 in September. That's roughly on par with what the index was in February 2009 when the unemployment rate first jumped above 8% and continued to skyrocket throughout the year.

"Although the vast majority of Americans still report that they are not having trouble accessing basic necessities, the trend is currently going in the wrong direction," Gallup writes in its report.

The numbers show just how much the fiscal lives of Americans have worsened since the recession ended even as the economy as a whole was supposed to have improved. As Gallup points out, much of this is due to the fact that incomes are falling and unemployment is stuck above 9%, driving more households into poverty.