How Low Can It Go?

Damn I wanted riots in the streets and Obama's head on a stick. For the record I said 6000 as well.

since you cant reach it, ill pat you on the back :)

Damn I wanted riots in the streets and Obama's head on a stick. For the record I said 6000 as well.
Come on, he's only been in for 7 months, give him time - geez ;)

Damn I wanted riots in the streets and Obama's head on a stick. For the record I said 6000 as well.
Patience.........there is still time. The health care bill must still be haggled out.........

The high income earners are so far outnumbered they have little to no chance to win at the ballot box.

I think that's the way democracy is supposed to work.

I just wished that ever American had to sit down at the end of the month and write out a check to the federal and state to pay their taxes. This way its not hidden in each paycheck and people had to actually write out the amount and withdraw it over and over again from their check book. Now the goverment has the employeer do their dirty work and most people have no clue what they pay in taxes. All they care about is how much of a refund will they get at the end of the year. If they had to actually pay these taxes those refund checks they receive would start to look kind of small. I love when someone making 60,000 grand a year gets all excited at getting back $500 to $1,200 like they hit the jack pot. When I hear someone like that I look at them and ask them how much they paid in taxes. They usually get this dumb look on their face and say "I don't know". So who here knows what they pay in taxes each year without looking at you taxes or pay stub?

$20K federal and $400 state for 2008.

I think that's the way democracy is supposed to work.

James Madison would argue it isn't. His argument is that a federalist democracy, our basic founding structure, protects the minority from the "tyranny of the majority" at a national level. Basically a collection of mostly self-governing states would prevent a national majority from expropriating the minority since states rights would provide protection from such occurrences. Of course we long ago ceased actually having a true federalist structure (if we ever did) and more and more of our federalist principles seep away every day.

New-Home Sales Jumped 11% in June From May - WSJ.com (http://sbk.online.wsj.com/article/SB124870175008183715.html)

good news

Talking to a friend who is a real estate agent, the market for >$ 300K homes in our area has almost returned to normal, + $ 300K is still very slow.


Gotcha, i think you meant less than $300k is getting better. Yeah, if you are over $300k it's very sluggish. It's still very sluggish under $300k but at least it's getting better. We're a long ways from being in a normal market but at least I think we've hit a bottom or we're at the bottom.

I'm a mortgage lender. It's been an extremely busy year w/ refi's and some purchases. It's seemed to have tapered off w/ increases in mortgage rates since the end of May.

The DOW is back up to 10K. Praises be Lord Obama.