End the unemployment benefits extension nonsense

Definition.of.Insanity | Dec 27, 2012 10:33 AM ET "End the unemployment benefits extension nonsense" and mortgage relief. If you can`t afford your home, you need to rent for awhile. A lot of good people are renting.

JDQuadRider | Dec 27, 2012 10:36 AM ET Sid may be buying into this fool`s gold but I`m not. The big banks are propping up home prices by withholding billions of dollars in foreclosed or soon-to-be-foreclosed property. If they were to dump that inventory into the market today, home prices would fall through the floor. "Full" employment is a fallacy today because so many have given up looking for work and their unemployment benefits have expired. One just needs to look at the employment (not unemployment) rate to see this story. The BLS also admits that some undocumented workers may be included in the employment surveys. This is a recovery??

mtnr | Dec 27, 2012 11:27 AM ET At least they are using different sources than the NAR whose forecasts and objective analysis come from their commissioned sales fees they get from sellers, not much different than a used car salesman really. Same misleading data though realtytrac does not see a bottom in home prices yet. Millions of distressed properties NAR reps pretend to know nothing about will hit the market driving prices downward. You never hear about all those people who went out 4 years ago buying houses to take advantage of the home tax credit. Many of those people are also underwater now along with 25% of all mortgages in this country today

bananas_foster | Dec 27, 2012 11:36 AM ET So, when consumers feel bad they buy houses? Hahaha!

beachguy2424 | Dec 27, 2012 11:42 AM ET Probably fueled by Chinese and foreign purchasing. Gotta love outsiders stealing our tangible property from us.

We.are.being.played | Dec 27, 2012 12:01 PM ET @sidfeinberg | Dec 27, 2012 10:06 AM ET Hey Side .... Is it true that you work for the Democrats and have been assigned to CNBC to support the Banksters and Wall Street Mafiosi?

enigmatrader | Dec 27, 2012 12:58 PM ET beachguy2424, no `Probably` to it.

one_plus_one_still_equals_two | Dec 27, 2012 01:22 PM ET Does one not smell a rat here?

Ghost_of_Xmas_Future | Dec 27, 2012 01:47 PM ET It is probable that homebuilding is improving, as much of the supply has been converted to rentals, either by investors or people who are upside down and can`t sell. Home builders see fewer houses on market, they could care less why, and start building. Nothing wrong with that, it does create some jobs. The consumer is by and large uneducated to the real plight the politicians have put our country in with unsustainable spending, entitlements, wars, government size / union pensions and benefits. As soon as the terms "fiscal cliff" drift out of the headlines their collective confidence will improve. But if they really understood how bad things are we would see a national riot. Fortunately the liberal traitor media is here to prevent that from happening.

Earth_Scientist | Dec 27, 2012 02:07 PM ET The big causes of the deficits are: - Bush Tax Cuts ($450 billion/year) - Bush Wars ($250 B/yr) - MC Part C MedicareAdvantage ($150B/yr) - MC Part D Prescription Drugs ($100B/yr) All of the above are UNFUNDED. Aggravating the problem are: - Payroll tax holiday ($120B/yr) - Extended UE ($30B/yr) These are both scheduled to expire in 4 days, and they should expire. If you add up all of the above, you get $1.1 trillion, which is more than last year`s deficit of $1.09 trillion. It`s all there. On the other hand, SS does not add to the deficit: SS IS IN SURPLUS BIG-TIME AND HAS A HUGE TRUST FUND: ssa.gov/oact/STATS/table4a1.html MC Part A is also very healthy, and it has a 12-year trust fund. MC Part B is optional and mostly-funded, you only






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End the unemployment benefits extension nonsense

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