Job number better, but real estate remains anchor

This whole economic mess has its roots in the real-estate bubble, which was driven by inflated housing values and no-doc, lo-doc, subprime, interest-only and other “creative” mortgages that were packaged by Wall Street into supposedly AAA securities that were then peddled off to investors in what amounted to a giant pyramid scheme.

In the last few months, the economy has shown some halting signs of progress. Job growth remains positive, if barely. Holiday sales seem to be on the upswing. And as Bloomberg reports today:

The number of workers filing first- time claims for unemployment insurance payments fell last week in the U.S., showing the labor market continues to improve.

Applications for jobless benefits decreased to 421,000, less than the median forecast of economists surveyed by Bloomberg News, from a revised 438,000 the prior week, Labor Department figures showed today. The four-week moving average, a less-volatile measure, dropped to the lowest level in more than two years.

However, while all of that’s encouraging, take a look at this. It’s a screen grab of a Google maps feature showing you all the properties in foreclosure in the Atlanta area. The basic fundamental problem isn’t getting a whole lot better; we’ve just become more or less used to it. It’s been absorbed into the New Normal, but at any other moment in our lifetimes, a map like this would be terrifying.

Not to mention impossible to produce because we lacked the technology.

foreclose

The Google ap lets you burrow down to neighborhood, street or even specific property. If you’re curious, go to Google maps. Across the top of the map you’ll see buttons labeled “traffic”, “satellite”, etc. Click on the button labeled “more.”

Then click on “real estate.” Go to the lefthand column and check “foreclosure.” You can now satisfy your morbid curiosity by finding foreclosures anyplace in the country.

UPDATE:

Here’s a slightly modified version of the map above, this time showing only those properties valued at more than $200,000. It too is considerably daunting.

200k

479 comments Add your comment

Hillbilly Deluxe

December 9th, 2010
11:30 am

It long past time for us to quit relying on endless real estate development to sustain our economy.

(My area doesn’t appear in this map but the situation is much the same here.)

larry

December 9th, 2010
11:31 am

And , to think, it is worse in other states than here in Georgia.

ByteMe

December 9th, 2010
11:44 am

@Larry: Not that many other states, actually. We’re in the top 5 or 6.

JKL2

December 9th, 2010
11:46 am

My house in WI has only lost 1/3 of it’s value since I moved here 10 months ago. Foreclosures have killed the market and now I could only rent it for $300/mo less than my mortgage payment.

Common Sense isn't very Common

December 9th, 2010
11:49 am

Ga. has been overbuilding for years. The infrastructure has never caught up with it.

The financials BS in the housing markets are just as bad if not worse than Wall Street

jm

December 9th, 2010
11:49 am

Real estate is a consumption good, not an investment and production good. Yes, the ATL economy needs to become more reliant on innovation and production, not real estate….

Keep up the good fight!

December 9th, 2010
11:53 am

Damn those thousands and thousands of borrowers who being so very dumb that they did not even know how not to overspend on their home managed to outsmart the brilliant banks and smart cream of the crop Wall Street brains. Yes…its not Wall Streets fault. Its got to be the governments.

Keep up the good fight!

December 9th, 2010
11:54 am

Common Sense…dont tell the home builders that they are overbuilding.

Scout

December 9th, 2010
11:55 am

Thank you Dems. but stay with us and we’ll get you out of this mess.

Keep up the good fight!

December 9th, 2010
11:57 am

Why sure Scout… and if I act now, I’ll get the second economy for only $9.95….Operators are waiting. Call now.

RW-(the original)

December 9th, 2010
11:57 am

A mapchartgraph!

Somehow I have a hard time finding 421,000 or more people filing first time unemployment claims every freaking week encouraging.

carlosgvv

December 9th, 2010
12:05 pm

Every day our national debt gets larger and larger as we borrow more and more money. If we continue the Bush tax cuts and extend unemployment benefits, it will only get worse. I have a sinking feeling we are living in a house of cards just waiting to collapse. Terrifying is the right word for this. Before long, the New Normal may look like the good old days.

Common Sense isn't very Common

December 9th, 2010
12:08 pm

RW-(the original)@11:57 am

Somehow I have a hard time finding 421,000 or more people filing first time unemployment claims every freaking week encouraging.
————————————

We’ll call it a holiday then. Because we all know come Feb 1 that the jobs will come trickling down. Oh wait was that jobs?

NO NO the jobs will come raining down and the money will be trickling (why is money yellow and wet?)

Common Sense isn't very Common

December 9th, 2010
12:10 pm

300,000 H1bs can’t be wrong to come here, Can they?

larry

December 9th, 2010
12:11 pm

NO NO the jobs will come raining down and the money will be trickling (why is money yellow and wet?)

It will be trickling and tickling……………….

Equality 7-2521

December 9th, 2010
12:12 pm

For a true picture of the economy subtract the losses in housing this year (1.7 trillion) from the GDP number (14.75 trillion) and you have 13.05 trillion.

Wealth destruction is ok for Obama if redistribution is not an option.

Doggone/GA

December 9th, 2010
12:12 pm

“Somehow I have a hard time finding 421,000 or more people filing first time unemployment claims every freaking week encouraging.”

You’re just looking at it the wrong way. Just think how high it would be if we didn’t have all those jobs that tax cuts for the wealthy created.

larry

December 9th, 2010
12:13 pm

but stay with us and we’ll get you out of this mess.

Yep, and we’ll put you in a worse mess than we have now.

RW-(the original)

December 9th, 2010
12:14 pm

We don’t have a wealth tax so it would be hard to cut.

Guess I better hit the forest.

Later

Keep up the good fight!

December 9th, 2010
12:15 pm

Why I thought the wealth destruction was in 2008…. But glad you found a way to blame it on Obama.

Redneck Convert (R--and proud of it)

December 9th, 2010
12:16 pm

Well, I got one word for all you gripers out there—-trailer. It don’t cost as much as a house, don’t loose value, and when you move you can take it with you. It don’t cost much to heat and you don’t need to worry about keeping up with the neighbors because they live in one too. Well, maybe the folks that live in double-wides look down their nose at the rest of us a little. And you’re always safe because the cops come to trailer parks day and night. Just about any time you can look and see blue lights flashing.

As for the jobs, they’ll pick up when we get this illegal Kenyan out of the White House and put a Conservative Republican in there. Course, we might need to fight a couple more wars when that happens but there’ll be so many tax breaks for businesses that they’ll be begging folks to come work for them.

Have a good p.m. everybody.

TaxPayer

December 9th, 2010
12:17 pm

If all those houses eventually get filled with people, we’re gonna need water and lots of it.

RB from Gwinnett

December 9th, 2010
12:18 pm

“Somehow I have a hard time finding 421,000 or more people filing first time unemployment claims every freaking week encouraging.”

Same here, but you have to consider the AJC is bound by the DNC to report all economic news as positive as long as there is a “D” in the white house. Those exact same statistics would be presented as a complete disaster if an “R” were in the house.

Jefferson

December 9th, 2010
12:18 pm

If the Fed would raise rates and quit propping up high priced homes, things would normalize. If you paid too much or are underwater, the bankers should ( I SAID SHOULD) be the ones on the hook.

You can hire workers or see your unemployment insurance rates skyrocket. The t-reps sure are doing a good job on spending. Give a rich man a tax breaks and it don’t matter what you spent, this is the GOP.

Paulo977

December 9th, 2010
12:19 pm

Common
sense isn’t
very common
@12:10pm
At least they HAVE H1 visas , unlike those who snuck in in 1620 and soon stole what they needed … it’s the af things “what goes around comes around “!!! just saying

jm

December 9th, 2010
12:23 pm

“Not to mention impossible to produce because we lacked the technology.”

Hallelieua innovation and profits.

RB from Gwinnett

December 9th, 2010
12:26 pm

“tax cuts for the wealthy”

The tax cuts Bush enacted nearly 10 years ago were for EVERYBODY, so are you referring to something new Obama and the democrat led house and senate have enacted with some sort of dollar limit on it or what?

Just curious… Who exactly was it Obama made these tax deals with that so many Dems are so mad about? And where were Reid and Pelosi while these deals were being made? They are still in control aren’t they?

jm

December 9th, 2010
12:26 pm

Um, RB, that was a Bloomberg report….. just sayin

Adam

December 9th, 2010
12:26 pm

That map is depressing….

professional skeptic

December 9th, 2010
12:26 pm

Interesting Google Map feature, Jay. I pulled up the map of the Oaky Woods tract (link at http://www.saveoakywoods.com/about-oaky-woods) and turned on the foreclosure feature.

There are foreclosures at all points of the compass surrounding this tract of land — Perry, Hawkinsville, Bonaire, Kathleen, Cochran — yet amazingly, the value of the Oaky Woods tract, ostensibly held for residential development, has doubled since the land was last purchased in 2004.

What a windfall for the Oaky Woods investors! However, at $28 million, this seems like a raw Deal for Georgians. Not surprisingly, Gov. Sonny Perdue has his hands all over this one. See details at Political Insider:

http://blogs.ajc.com/political-insider-jim-galloway/2010/12/08/oaky-woods-at-double-the-price-in-a-down-market/

Keep up the good fight!

December 9th, 2010
12:28 pm

Skeptic….wait to you see the miracles Deal will achieve.

jm

December 9th, 2010
12:28 pm

Adam, map reminds me of the line from the computer in Austin Powers: Evacuation…. complete.

Fred

December 9th, 2010
12:29 pm

Scout

December 9th, 2010
11:55 am

Thank you Dems. but stay with us and we’ll get you out of this mess.

Crap. It’s the cut tax and spend republicans that CAUSED this mess in the first place.

jm

December 9th, 2010
12:30 pm

ps – we need a Michael Bloomberg

Union

December 9th, 2010
12:30 pm

for sale.. three rental homes.. good price.. owner financing available.. low low low interest rates.. :)

Adam

December 9th, 2010
12:31 pm

stands for decibels

December 9th, 2010
12:31 pm

Thanks for pointing out this (new? new-ish?) Google maps option, Jay.

Fewer foreclosures than I thought in my own neighborhood, although given that I am fairly well acquainted with the erstwhile resident of one of them, no less sobering to see.

Doggone/GA

December 9th, 2010
12:33 pm

“The tax cuts Bush enacted nearly 10 years ago were for EVERYBODY, so are you referring to something new Obama and the democrat led house and senate have enacted with some sort of dollar limit on it or what? ”

Well, that’s what we keep hearing…that tax cuts for the WEALTHY will create more jobs. So, you see the results…the jobless rate is lower than it would be if those wealthy people had NOT had their tax cuts for the last 10 years.

No one has EVER said that the tax cuts for everyone else would produce jobs, only those for the wealthy. Or, as it asked, have you ever gotten a job from a poor person?

As I said, you’re just looking at it wrong.

Scooter (The Original)

December 9th, 2010
12:34 pm

Typical that there is no mention of Fannie and Freddie, who are obligated to pursue the mission of H.U.D., in your “analysis” of how the creative mortgages were securitized, bundled and SOLD to Wall Street as AAA. While Fannie and Freddie aren’t solely to blame it has to hurt to know the feel good policies of politicians, manifested through H.U.D. and the GSE’s, created a financial meltdown for the world. Dern unintended consequences.

jm

December 9th, 2010
12:35 pm

I hate subsidized industries (like solar power). But I find this interesting.

http://www.greentechmedia.com/articles/read/suntech-predicts-50-percent-groth-in-shipments-in-2011/

stands for decibels

December 9th, 2010
12:35 pm

Hallelieua innovation and profits.

The revolution will not be televised. It will be Google-mapped.

professional skeptic

December 9th, 2010
12:36 pm

Keep up the good fight!
December 9th, 2010
12:28 pm

I’d get some popcorn ready to sit back and watch the show (”Let’s Make a Deal” – the Georgia Chronicles) but corruption and fraud committed by elected officials with taxpayer dollars tends to turn my stomach.

Peadawg

December 9th, 2010
12:38 pm

Nothing that a good ‘ol stimulus spending package won’t fix!!! Right Dems?

Adam

December 9th, 2010
12:40 pm

Doggone: I only have one thing to add. Trickle down economics by any other name is still bullsh*t.

@@

December 9th, 2010
12:42 pm

Interesting contrast between the first and second. The first is heavily loaded south of Atlanta. Not so much when $200,000 and up is figured in.

Shady Dale looks like the place where I wanna be. There or South Alabama. It’ll never happen though…my husband is now anchored to rental properties in Clayton County. Life is what it is. I’ve got over three acres and good neighbors with that much and more.

USinUK:

You’re likely gone, but I love animals. If I had to add up all the strays I’ve taken in during my adult life, I’m betting they’d far outnumber those you’ve given shelter to. I’m the grateful owner of a rescue mutt now. He’s getting on in years. My heart will break when he goes, but until then he’s my best Buddy (his name).

Taxpayer:

I didn’t know that I wasn’t allowed to give my opinion on abortion. If I can’t give an opinion, what’s the point of coming here?

It’s back to the laundry room where a major project is underway. Working around the washer and dryer is a pain in the butt.

RB from Gwinnett

December 9th, 2010
12:44 pm

“Well, that’s what we keep hearing…that tax cuts for the WEALTHY will create more jobs…”

That’s what YOU keep hearing because YOU keep listening to the same people who keep lying to YOU.

How do you give the 47% of Americans who already don’t pay federal taxes a “cut” anyway? Wouldn’t any reductions in the tax rate automatically only apply to those with above average incomes?

Do you ever take a moment to think?….

Ever?

Adam

December 9th, 2010
12:45 pm

How do you give the 47% of Americans who already don’t pay federal taxes <— False number

RB from Gwinnett

December 9th, 2010
12:49 pm

Adam, if it’s false, Jay will surely jump in and correct it, but I do believe he has published that number in this blog before as being the correct figure.

If you have a different number and facts to back it up, please do. Otherwise….

Lil' Barry Bailout

December 9th, 2010
12:49 pm

Job number better?

I always thought 9.8% was more than 9.6%. I guess Jay is counting on his “regulars” who are mostly publicly educated to not notice his “error”.

@@

December 9th, 2010
12:51 pm

About the animals, I forgot to add…

if failing to buy coats to cover their (the animals’) coats makes me less of an animal lover, then so be it.

I’ll buy coats for less-fortunate humans. As far as outlay goes, it seems more worthwhile.

jm

December 9th, 2010
12:53 pm

Jay, you should also know that probably more than 2/3 of all real estate properties for sale don’t even make it onto Google’s maps. So actual inventory is probably 3x as high.

Lil' Barry Bailout

December 9th, 2010
12:53 pm

Nearly half of US households escape fed income tax

Stephen Ohlemacher, Associated Press Writer, On Wednesday April 7, 2010, 5:38 pm EDT
WASHINGTON (AP) — Tax Day is a dreaded deadline for millions, but for nearly half of U.S. households it’s simply somebody else’s problem.

About 47 percent will pay no federal income taxes at all for 2009.

http://finance.yahoo.com/news/Nearly-half-of-US-households-apf-1105567323.html?x=0&.v=1

Oopsies!

Tommy Maddox

December 9th, 2010
12:54 pm

Wrong Fred: this disaster was brought about by the following:

1. Slack lending standards [Freddie & Fannie];
2. Wide-eyed buyers thinking they could afford a $400K home on a $45K annual salary;
3. The bundling and selling of securities based upon the loans obtained by those folks in No. 2;
4. The investment managers who thought it a great idea to invest retirement plans etc. in those securities mentioned in No. 3.

When all those No. 2s failed to pay their loans, they lost their house – then there was no value in the securities [No. 3] – then all those investment and retirement plans went bust – and the house of cards collapsed.

I suppose it was the geniuses who bundled the loans to begin were the folks who made money in all this.

Mick

December 9th, 2010
12:54 pm

**Do you ever take a moment to think?….**

On the flip side of your statement, how would it hurt the top two percent to pay an extra three percent in taxes? They damn well can afford it and what about the deficit?

Del

December 9th, 2010
12:57 pm

At 9.8% unemployment and a meager 2.5 % growth rate the economy has flat lined and could slip back into recession. I’m afraid Jay’s charts don’t dispute that unfortunate reality.

George W

December 9th, 2010
12:58 pm

Jobs numbers are NOT better. Unemployement actually rose last month. Where are you getting your numbers?

George W

December 9th, 2010
12:58 pm

Jobs numbers are NOT better. Unemployement actually rose last month. Where are you getting your numbers?

Lil' Barry Bailout

December 9th, 2010
12:58 pm

Unless you’re among the top two percent, what the top two percent pays in taxes really isn’t any of your business.

fsio

December 9th, 2010
12:58 pm

Although it’s a tragedy, I’m glad to finally this reality reflected in the public square. Neither the Fed, nor the Obama administration, nor the mainstream media have leveled with the American public. http://bit.ly/eS0l6E

Doggone/GA

December 9th, 2010
12:58 pm

“2. Wide-eyed buyers thinking they could afford a $400K home on a $45K annual salary”

But no blame for all the wide-eyed lenders who apparently ALSO thought someone with a 45k salary could afford a 400k house?

jm

December 9th, 2010
12:59 pm

Mick – people will only be ok with tax increases IF everyone’s taxes go up together. We’re either in this together or we’re not. Soaking the rich will not fix the deficit. The only way to close the deficit through tax increases are tax increases on the middle class.

Pick you poison. Middle class tax increases or spending cuts.

Tom Petty will now spend his money more effectively than Rangel

December 9th, 2010
1:01 pm

Those who are willing to trade their comman sense and economic liberty to government sanctioned credit ratings, GSE’s, and Wallstreet,

for a false sense of security,

deserve neither.

That maptochart is a perfect example of the end product of corruptocorpo-plutocracy. (statism).

Don’t forget in 2012, every good citizen will have a choice. R or D.

Tommy Maddox

December 9th, 2010
1:02 pm

Hey Doggone – you’re right. That goes back to the slack standards referenced in No. 1.

jm

December 9th, 2010
1:03 pm

House Democrats defy Obama on tax cut bill

http://www.cnn.com/2010/POLITICS/12/09/tax.plan/index.html?hpt=T1

Well, if all the taxes go up Jan 1, then we can blame the dems for a double dip recession. Thanks dumb-a$$ liberals.

jm

December 9th, 2010
1:04 pm

If Democrats let taxes go up, there may not be any Dems left after November 2012.

jm

December 9th, 2010
1:04 pm

Democrats should be summarily fired for playing roulette with the economy.

jm

December 9th, 2010
1:05 pm

Jefferson

December 9th, 2010
1:06 pm

This tax bill is a back door stimulas, the GOP is hot air. Financed by the Chinese agains. Liars.

Mick

December 9th, 2010
1:06 pm

jm

I already have stated that we should let them all go back to pre-bush tax levels. On that point I can agree, everybody in, everybody pay, then get the frick out of ALL wars poste haste…

Sam

December 9th, 2010
1:06 pm

The housing bubble was created by the Federal Reserve under Alan Greenspan. Everything you mentioned was subsequent to his setting interest rates at 1% for a full year and is an offshoot of this action.

The fact that you did not mention this demonstrates that you don’t really know what’s going on and are just another “opinion author” like the rest of these journalism school hacks you call editorialists.

jm

December 9th, 2010
1:07 pm

Mick fine by me. We will have another recession though. Just be aware.

rightwingextreme

December 9th, 2010
1:08 pm

jay…wait…it can’t be….the economic mess we’re in is a result of the housing market….not bush’s tax cuts?? tax cuts for the wealth?? you’re slipping. you didn’t attack bush one time in this article.

i guess tax cuts are ok now that bammie is saying not raising taxes will help create new jobs!

Jefferson

December 9th, 2010
1:09 pm

No way to prove we would have another recession, again fear mongering.

jm

December 9th, 2010
1:10 pm

Jefferson – well, in theory true. Just highly, highly likely. I’d give it a good 70% chance.

Mick

December 9th, 2010
1:11 pm

jm

Economic conundrums aside, here’s a story with a happy ending in florida no less…
http://www.huffingtonpost.com/2010/12/09/charlie-crist-wins-pardon_n_794410.html

jm

December 9th, 2010
1:13 pm

interesting choice of words: “happy ending”

Dave

December 9th, 2010
1:16 pm

“House Democrats voted Thursday to reject President Barack Obama’s tax deal with Republicans in its current form, but it was unclear how significantly the package might need to be changed.”

Who’s the “party of no” now??

Mick

December 9th, 2010
1:16 pm

jm

I know people that were there, he did not expose himself but he was a drunken fool who ruined the event. As in politics, some people will see and hear what they want to see and hear, smoky mirrors..

Will

December 9th, 2010
1:18 pm

Sorry folks but to those of you who think the unemployment rate is 9.8% are sadly mistaken. It’s more like 20%.

The Thin Guy

December 9th, 2010
1:18 pm

Don’t know anymore about economics than JB does about climatology. But why is it that you can’t sell your current house for what you even paid for it, but the cost of new houses are so steep that they are affordable by only rich democrats? And if times are so tough, why does everyone have a cell phone that connects to the internet, GPS satellites, a 12 Megapixel camera, and makes pancakes and Blue Tooth so that you don’t have to take your hands off the wheel of the pickup? Real hard times were known by my grandfather who used the same coffee grounds so many times you could read a newspaper on the other side of his coffee mug. But I’m cutting back; no 3D tv for me.

Mick

December 9th, 2010
1:21 pm

will

I think you are correct and that is a tragic reality, so much pain..

Erich

December 9th, 2010
1:22 pm

Two things
1. Go see the movie “Inside Job” clear picture of how we got here and who the players are.
2. HHF= Hardest Hit Fund is a fund to assist people who are unemployed, recently laid-off, to help pay there mortgage for up to 2 years or bring it current. Several states are using it and making a huge dent in there foreclosures and property values. Call your congressman, state rep, the Governor’s office, the Georgia Dept of Community Affairs and inquire why they have yet to release this money for Georgians who are struggleing

[...] Original Post By Google News Click Here For The Entire Article [...]

Jackie

December 9th, 2010
1:23 pm

Wonder of wonders, the so-called conservatives worrying about another downturn in the economy because the Dems do not support a budget-busting, deficit-raising spending spree where unemployment compensation of Americans is being held hostage by the Repubs.

Did this “concern” come to the fore during the years of the Bush Administration who gave us 2 tax cuts and had a record of 2 million new jobs being created in the 8 years in office?

If tax cuts are such a good stimulator of the economy, why aren’t there more jobs? After all, we live and work under the tax rules of the Bush Administration.

Ace

December 9th, 2010
1:26 pm

Banks made money when the economy was good and they got bailed out when the economy went south and their one of the few that are still making money. Here is the game in a nutshell: bank loans money to borrower (any borrower, no money down, shady credit-no problem) They didn’t care because they didn’t hold on to the loan or “service” the loan. They (the banks) immediately sold the loan to Fannie and Freddie who then become responsible for the loan (Hence, this led to Fannie’s massive problems) This system was set up this way to fuel the housing market. You had commissioned sales people making loans to anyone with a pulse so they could get their 6% and move on to the next one and, of course, home values “always” went up, so their was no problem for the borrower. Just a giant castle made of sand…

Jefferson

December 9th, 2010
1:31 pm

70% made up.

SVG

December 9th, 2010
1:34 pm

There are many, many people who put more than 20% down on their homes, have paid for years and lost their jobs. Don’t think this is all about the free-wheeling bad bank loans that represent all those people losing their homes. It could happen to you too.

itpdude

December 9th, 2010
1:35 pm

This is mean, but I hope those foreclosures are McCain/Palin voters.

jewcowboy

December 9th, 2010
1:35 pm

Lil’ Barry Bailout,

“I guess Jay is counting on his “regulars” who are mostly publicly educated to not notice his “error”.”

Actually, for Atlanta, the job market and economy has most definitely turned a corner and is slowly swinging back up.
http://cmpgnr.com/app/campaigner/trk/trk3.jsp?cid=1665292&rid=1663951&ctd=588567411&ltp=1&lid=91898317&gmu=http%3a%2f%2fatlantaregional.com%2fFile%2520Library%2fInfo%2520Center%2fNewsletters%2fThe%2520Quarter%2fquarter3_nov10.pdf&gen=0&flinkid=91898320

Hillbilly Deluxe

December 9th, 2010
1:36 pm

Ace

Not a bad summation. Lots of times that commission was more than 6%, though.

jewcowboy

December 9th, 2010
1:38 pm

Housing prices in Atlanta were unsustainable, and I view this a market correction. Certainly, it is bad news for people who chose to make their homes into a bank account, but in reality…prices have moved to where they realistically should be.

Bubba (not Bob)

December 9th, 2010
1:39 pm

Jay, those Google maps make my head ache.

jm

December 9th, 2010
1:40 pm

Housing problem? Open the border to Mexico, no problem. Just kidding.

Soothsayer

December 9th, 2010
1:41 pm

jewcowboy

December 9th, 2010
1:41 pm

jm,

“Democrats should be summarily fired for playing roulette with the economy.”

Yeah…because Republicans were not playing roulette when they threatened to let all Bush-era tax cuts expire as well as long-term unemployment insurance if the top wage earners did not continue to get a tax break on all of their income.

Guy Incognito

December 9th, 2010
1:44 pm

itpdude……not the ones inside the perimeter, or from I-20 to the P’tree-McD line. Keep hope alive tho’

jm

December 9th, 2010
1:46 pm

Congressional dems are throwing Obama under the bus. Congrats. You’re screwing your own 2012 presidential nominee. You’re improving Republican odds. Goody you.

http://online.wsj.com/article/SB10001424052748703493504576007462890735264.html

jm

December 9th, 2010
1:47 pm

jewcowboy – they came to an agreement with a Democrat President. That’s compromise. What the Dems are now engaged in is not compromise. I’m an R now in 2012.

The Dems have showed their true extreme stripes and can now equally be labeled the “party of no”.

jm

December 9th, 2010
1:49 pm

DEMS VOTE NO FOR:
1. Economic Growth
2. Bipartisan compromise.
3. Sanity
4. A democrat for President in 2012

When Dems throw their own President under the bus, its pretty clear to me whats going on. The party is insane.

jm

December 9th, 2010
1:50 pm

Oh yes, the Dems are also voting NO for jobs.