New Home Sales Rise 4.4%; Consumer Confidence Plunges

sidfeinberg | Dec 27, 2012 10:06 AM ET The economy continues to roar as Obama is fixing the Regan Bush mess one brick at a time. Housing is freakin BOOMING, up 16% this year alone. I don`t believe the consumer headline as every mall is packed and holiday shopping was up 13% over last year Unemployment is way down and we are nearing full employment Extended unemployment and disability is helping fuel the economy as well, by adding more money to consumers pockets It`s like 1928 and we are roaring ahead to a prosperous time

PATRIOT316 | Dec 27, 2012 10:07 AM ET Who could be confident with Tax rates going up because of ObamaCare and the "fiscal cliff" fiasco. But dont worry folks, the govt will continue to create those economy spurring jobs while the private sector is forced to ship jobs elsewhere. Revolution is nearing.

jasonbaz77 | Dec 27, 2012 10:10 AM ET LOL@ Obama fixing anything. Hey Sid....you sould like an F-ing retard.

JohnnyOxygen | Dec 27, 2012 10:12 AM ET "New Home Sales Hit 377,000 in November; Consumer Confidence Plunges" What is wrong with this statement? Hmmmm.

Zootopia3000 | Dec 27, 2012 10:14 AM ET Confidence will grow once Congress, Inc. agrees to reduce the deficits from an annual $1.2 trillion down to $1 trillion for the next year, maybe two.

redneckbluedog | Dec 27, 2012 10:20 AM ET Strap those belts tight on your 401ks, inbreds.......You asked for it, you got it...!!!!!! Dumb white guys, defense contractors, small businesses, racist voters, and spite voters.....Hope those votes were worth it...!!!! You want to make the President looks as bad as GW....thing is, Democrats will control the House in 2014 and pretty much thereafter...!!!!!!

redneckbluedog | Dec 27, 2012 10:21 AM ET The economy continues to roar as Obama is fixing the Regan Bush mess one brick at a time. Housing is freakin BOOMING, up 16% this year alone. I don`t believe the consumer headline as every mall is packed and holiday shopping was up 13% over last year Unemployment is way down and we are nearing full employment Extended unemployment and disability is helping fuel the economy as well, by adding more money to consumers pockets It`s like 1928 and we are roaring ahead to a prosperous time.. ========================= This will be true in 2014...after the PERMANENT DEMOCRATIC MAJORITY...!!!

Scaggs | Dec 27, 2012 10:25 AM ET I appreciate everyone`s tongue-in-cheek humor this morning, but on a serious note: does anyone have a viable solution to this problem? Even if Bush tax cust expire, the revenue generated will only reduce the deficit by $200 billion at most next year, and more likely only 100 billion if kept in place for $250K and below. We will still overspend by 800-900 billion next year, adding that amount to the $16 trillion national debt. Overall economic growth will help to generate more income for the treasury through additional tax revenue, but our economy cannot grow fast enough to keep pace with the growth of the national debt. All kidding and hate-mongering aside, does anyone have a workable plan to get us out of this????

Definition.of.Insanity | Dec 27, 2012 10:31 AM ET " Even if Bush tax cust expire, the revenue generated will only reduce the deficit by $200 billion at most next year, and more likely only 100 billion if kept in place for $250K and below." Are you kidding me? We have had the Bush tax cuts for 10 years now. If he had never lowered them, over the years we would not have been in the mess we are in. Raising taxes may not fix the problem immediately, but we need to start somewhere, and taxes need to go up for everybody (even the 98%). What a bunch of whiny crybabies in this country. We want our infrastructure, but we don`t want to pay for it. Raise taxes already, and screw the service based economy (the service based economy I also knew wouldn`t work). Also, bring all troops home from overseas now. Stop

TEA_BAGGING_IDIOT | Dec 27, 2012 10:31 AM ET @Scaggs | Dec 27, 2012 10:25 AM ET I think it`s possible to meet in the middle. Raise $500B in revenue, and cut $500B in spending NEXT YEAR and have a 2013 balanced budget: -Raise the top two marginal tax brackets by 1% each -Get rid of the mortgage deduction -Raise social security max benefit age per Simpson-Bowles plan (out to 2050) -Cut defense budget by 10% -Increase the gas tax by 10% -Severely audit and trim the social security disability roll -Apply payroll tax to income up to $250K -Apply more strict means testing to Medicare premiums -Increase the long-term capital gains tax rate and dividend tax rate to 20% -Allow corporations to onshore foreign earned cash at a flat 15% tax rate -End the unemployment benefits extension nonsense






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New Home Sales Rise 4.4%; Consumer Confidence Plunges

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