In Georgia, housing woes a long-term drag on economy
As we claw our way out of this recession, it’s easy to forget where it all started: housing. And while other parts of the economy have begun to recover and show signs of health, the housing situation is actually getting worse by some key standards. The Atlanta Federal Reserve has some interesting data and — oh goody! — charts to explain where we are at the moment.
For example, the number of American households who owe more on their mortgage than the house is worth — known as negative equity — continues to grow in many markets, including Georgia. In fact, in the fourth quarter of 2010, Georgia had the sixth highest rate of negative equity in the nation. Three out of 10 Georgia homeowners owed more in loans on their property than their property was worth, which is a remarkable number.
In the metro Atlanta area, the ratio is even higher. More than one out of three homeowners in this market are “underwater” on their mortgage, making them prime candidates for eventual default or foreclosure. Those who do not default will experience long-term “houselock,” meaning they’re stuck in those homes because they’re unable to sell them for enough to pay off the mortgage. Every monthly mortgage payment they make is another payment in a bad investment, but they make them anyway because that investment is also a home.
That is not a problem that is going away soon, with “soon” defined as anytime in the next five or maybe 10 years. It will continue to be a drag on housing prices and on consumer spending. New-home construction — once the driving force in the metro Atlanta economy — will continue to be more of a boutique business than a thriving industry.
That’s what happens when a bubble pops. That’s what happens when the music stops. Sooner or later, things that are too good to be true always stop being true.
– Jay Bookman
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895 comments Add your comment
AmVet
March 23rd, 2011
9:40 am
Hey Debbie, just for laughs, ask you Auburn boy, or Deep Throat, or Boy George or any of these mystery meat neo-cons to describe in detail what exactly happened leading up to the economic meltdown of September 2008.
It will be the shortest description in history!
I guaran-dam-tee you it wouldn’t even read 20 words long.
They like their “answers” to fit on bumper stickers.
“Barney, Chris and the gang.”
And redact my observation above to read seven words – I left out Mr. Dodd.
MC
March 23rd, 2011
9:40 am
The same people that were blogging in favor of getting involved in this operation are now the ones beating Obama over the head with it. Go figure.
Deep Throat
March 23rd, 2011
9:41 am
First Sergeant, do you support idiots ? Do you agree with every one just because your are an idiot ?
WOW
March 23rd, 2011
9:41 am
“First, the chickenhawks STILL have their heads so far up Dick Cheney’s draft-dodging ___ that they actually equate doing so, with getting thousands of our GI’s slaughtered in Iraq.’
As opposed to Clinton’s ACTUAL draft dodging.
George W
March 23rd, 2011
9:41 am
JAY….That’s what happens when a bubble pops. That’s what happens when the music stops. Sooner or later, things that are too good to be true always stop being true.
Has your bubble popped for Obama yet?
WOW
March 23rd, 2011
9:42 am
“Hey Debbie, just for laughs, ask you Auburn boy, or Deep Throat, or Boy George or any of these mystery meat neo-cons to describe in detail what exactly happened leading up to the economic meltdown of September 2008.”
Don’t have to ask me, just ask Jay. JAY: As we claw our way out of this recession, it’s easy to forget where it all started: housing.
ConnedConsCon
March 23rd, 2011
9:43 am
Who is Sarah more jealous of, Biden for becoming VP or Obama for not quitting after two years. Sarah should pick McCain as her running mate in the next presidential election. That should give Republicans something to really think about. They just have so many options. Another Bush, Barbour, Romney, Palin, McCain, Gingrich, Cain … It’s gonna be tough for them to pick.
ty webb
March 23rd, 2011
9:43 am
“Has your bubble popped for Obama yet?”
Probably not yet, but me thinks the erection is probably slowly subsiding.
WOW
March 23rd, 2011
9:43 am
“They like their “answers” to fit on bumper stickers.”
Conservatives know that putting bumper stickers on their cars will bring down the value. If you want bumper sticker politics, just look for your nearest lib. You’ll find hundreds of “IMPEACH BUSH NOW” stickers all over their crappy used VW jettas.
David
March 23rd, 2011
9:44 am
As one of the Georgia Homeowners who is underwater, yeah it sucks. Yes I can pay my mortgage. Yes I would benifit from a lower intrest rate though refinance. No I am not allowed to refinance becuase I am underwater. However I do not see my monthy payment as a BAD INVESTMENT. This is my house. This is my home. This is where I raise my family. I can’t put a price tag on that. Until we get out of the mindset that Housing for EVERYONE is an investment the problem will not be fixed. If you are buying a place to fix it up and “flip” it, you are investing. If you are buying a place solely to rent it out for income, you are investing. If you are buying a home to be your primary residence, it is NOT an Investment.
Keep Up the Good Fight!
March 23rd, 2011
9:44 am
Housing…. simple one word answers to complex situations are never correct except to simpletons
WOW
March 23rd, 2011
9:45 am
“Who is Sarah more jealous of, Biden for becoming VP or Obama for not quitting after two years.”
And right on cue, the left starts harping about a woman who isn’t even in office. Yet.
MC
March 23rd, 2011
9:45 am
Then watch the same ones scream if he ends our involvement. Then it’ll be that he ran away and left Sarkozy as the new leader of the free world (as some moron did the other day). It’s lose lose AmVet but in the case of Sarkozy, it’s about damn time the rest of the world does some heavy lifting. Look at their defense budgets as compared to ours. They don’t have to spend on defense because we keep not only defending them, but defending THEIR interests too.
Peadawg
March 23rd, 2011
9:45 am
“will find the use of force not only necessary but morally justified.”
So it’s morally justified for Obama to bomb Libya in order to spread Democracy? But it wasn’t ok for Bush to do the same to Iraq? What were you saying, Doggone, about “double standards” in the previous thread this morning?
WOW
March 23rd, 2011
9:46 am
“Housing…. simple one word answers to complex situations are never correct except to simpletons”
Then again, you talk in unicorn poop speak.
Deep Throat
March 23rd, 2011
9:46 am
Amvet what exactly happened in 2008 ? You spoiled it , you gave the answers, we could elaborate but we would not want to tire you out, we know you need your naps.
Jefferson
March 23rd, 2011
9:46 am
Only a fool would lend money to someone who can’t pay it back (unless its a relative, they almost always have a story to tell).
Only a fool thinks someone can make you lend money.
Paying commissions to bankers to loan money, turns out to be a bad idea.
ty webb
March 23rd, 2011
9:46 am
“Housing…. simple one word answers to complex situations are never correct except to simpletons”
“Hope”? or “Change”?
WOW
March 23rd, 2011
9:46 am
“So it’s morally justified for Obama to bomb Libya in order to spread Democracy? But it wasn’t ok for Bush to do the same to Iraq?”
No dawg, it’s not. Cause it has to be a lib that takes us to war, not a Repub.
Remember the lib mantra: Do as I say, not as I do.
Paul
March 23rd, 2011
9:47 am
Being underwater on a mortgage means thousands of dollars owed in excess of market value. But the homeowners still owes. So dollars owed (even on a long contract) means less available for a new washer and dryer, or a car, or vacation or tv or bedroom furniture or whatever. Owe $40,000 more than it’s worth? That’s $40,000 not spent on other stuff, and that drags the economy. Less people to buy what your company may be making.
People also stay in their houses longer. Don’t trade up as the kids grow. Or downsize when they leave. Yeah, 6 or 7 years to work thru this seems optimistic.
Peadawg
March 23rd, 2011
9:48 am
“Remember the lib mantra: ” – I was thinking more of the IOKIYAD.
Paul
March 23rd, 2011
9:49 am
AmVet
“Hey Debbie, just for laughs, ask you Auburn boy, or Deep Throat, or Boy George ”
No need to impugn Boy George’s character that way! Sure, there may be a similarity in that he did jail time, but hey, Karma Chameleon was a great song!
DebbieDoRight
March 23rd, 2011
9:50 am
cmac22 when have you ever heard a
liberalrepublican accept responsibility, they can only whine and cry for moreentitlementstax cuts for the already rich and it’s always the other guy’s faultThere! Fixed it for ya!
Bosch
March 23rd, 2011
9:52 am
‘But it wasn’t ok for Bush to do the same to Iraq?”
No, Peadawg it wasn’t because the reasons we went into Iraq were lies, and then afterwards the reasons changed.
WOW
March 23rd, 2011
9:53 am
German forces pull out of NATO, Libyan coalition crumbling……………..
Gee, I wonder why?
AmVet
March 23rd, 2011
9:53 am
Morning, brother Bosch!
I have a very different and adamant view about this matter.
I understand well, the argument about humanitarian support for oppressed people. And part of me supports that position. I supported Clinton’s masterful moves in Bosnia. Apparently it takes a Democrat to keep from getting thousands and thousands of our troops from being KIA’d needlessly.
It was a slam dunk.
Another part of me believes it is an endless excuse to bomb people in conflicts that have almost nothing to do with us.
If there were agents in Libya who were getting ready to come here and kill Americans, fine. Send a whole bunch of them to Allah – in very small pieces.
Short of that, I think most of this crap is just contrived warmongering, disguised under that now throw away term – national security – to justify bumping up the profit margins of the DoD contractors.
We just lost an F-15 over there, but thank god, the air crew survived and was rescued.
The bottom line to me? Given the current state of affairs, that situation is not worth one American life.
Not one.
Del
March 23rd, 2011
9:53 am
“things that are too good to be true always stop being true.”
Just like deficit spending
WOW
March 23rd, 2011
9:53 am
“No, Peadawg it wasn’t because the reasons we went into Iraq were lies, and then afterwards the reasons changed.’
LOL!!!!! And right on cue, ANOTHER lib catchphrase!!!!!!
George W
March 23rd, 2011
9:53 am
Jay you are right…..it is all the “Houses” fault. It has nothing to do with the morons that make $20k per year and bought a $550K house!…….Very nice.
Soothsayer
March 23rd, 2011
9:53 am
Coalition shows first cracks as Qaddafi digs in for guerrilla war
You won’t see this on Focked News or MSNBC. Worth the read.
WOW
March 23rd, 2011
9:54 am
“Apparently it takes a Democrat to keep from getting thousands and thousands of our troops from being KIA’d needlessly.”
Guess Vet missed Vietnam.
George W
March 23rd, 2011
9:54 am
Bosch….so the demoncrats were lying as well when they voted to go into Iraq?
Deep Throat
March 23rd, 2011
9:54 am
Debbie, I’m not for tax cut for anyone , I am for FAIR TAX. We ALL should pay.
WOW
March 23rd, 2011
9:55 am
“Another part of me believes it is an endless excuse to bomb people in conflicts that have almost nothing to do with us.’
And yet…….we’re still in Iraq.
JKL2
March 23rd, 2011
9:55 am
AmVet- Secondly, this president has lived up exactly to my predictions – he’s little more than another corporate-owned flunky kneeling before his paymasters in the military industrial complex.
Just another crook from Chicago. Should be in jail with the rest of them.
WOW
March 23rd, 2011
9:55 am
“Bosch….so the demoncrats were lying as well when they voted to go into Iraq?’
But….but……they were for the war before they were against it.
Soothsayer
March 23rd, 2011
9:56 am
It appears that Ghaddafi is going to be a tougher nut to crack than originally expected.
DebbieDoRight
March 23rd, 2011
9:56 am
AmVet: Hey Debbie, just for laughs, ask you Auburn boy, or Deep Throat, or Boy George or any of these mystery meat neo-cons to describe in detail what exactly happened leading up to the economic meltdown of September 2008.
Morning AmVet!! I would ask them, but I’d have to wait until they check with Rush or Beck Oh and Ann the Man first. You know they can’t speak unless those three tell them what to say.
Paul: No need to impugn Boy George’s character that way! Sure, there may be a similarity in that he did jail time, but hey, Karma Chameleon was a great song!
Too funny!!!
Peadawg
March 23rd, 2011
9:57 am
“No, Peadawg it wasn’t because the reasons we went into Iraq were lies, and then afterwards the reasons changed.”
How many times has Obama flip-flopped on why were in Libya just in the past week? We’re not trying to oust Gadafi. We are trying to oust him. Oh wait, no we aren’t…nevermind. We are bombing Libya to protect the citizens. Oh wait, we’re bombing Libya in order to spread Democracy. And don’t forgot not getting Congress’s approval.
Your stance on this would be funny if it was so pathetic, biased, and overall just plain sad.
WOW
March 23rd, 2011
9:57 am
“Just another crook from Chicago. Should be in jail with the rest of them.’
Crooks in Chicago don’t go to jail. SEE: Blago.
A private sector employee
March 23rd, 2011
9:58 am
Actually, the problem with the housing sector now is that we have returned to sanity. You need at least a 700 FICO score and 20% down to get a home. That means that to purchase one of the thousands of $200k homes around,you are going to need a great credit score and a down payment of more than $40k. 5 years ago, you could have qualified with a 650 FICO and $10k down.
It used to be that people who wanted to move would sell their home, and take the amount from the sale to put a down payment on their next home.
People who are underwater face two things: 1) they can’t sell their house for what they owe and 2) they have to come up with 20% down on their next house because there are insufficient proceeds from the previous sale.
That “rollover” down payment money vanished… never to return. This is going to impede sales for at least 10 and maybe 20 years more. Until people are able to build up enough equity in the home they have (thus the 20 years) or to put savings in the bank, they will be unable to move to their next house.
WOW
March 23rd, 2011
9:58 am
“Morning AmVet!! I would ask them, but I’d have to wait until they check with Rush or Beck Oh and Ann the Man first. You know they can’t speak unless those three tell them what to say. ‘
The left is so scared of Rush and Beck.
Paul
March 23rd, 2011
9:58 am
WOW
“As opposed to Clinton’s ACTUAL draft dodging.”
Well, you’ve shown you either didn’t live it, or if you did, your mind has rewritten history.
One more time (not for you, ’cause this line gets repeated in various forms)
During Vietnam we had a draft. Army and Marines. Draftees went to ‘Nam. If you didn’t want to get drafted and if you had the means, you went to college and got a deferment.
If you couldn’t go to college and get a deferment you avoided combat by joining the Navy or Air Force (unless you were nuts, then you joined the Navy and volunteered for combat in one of the highest-casualty rate units of the entire war. You can ask Sen Kerry for more details).
If you couldn’t continue a deferment AND IF you had connections, you got into a Guard or Reserve unit. Such people were generally envied. Guard and Reserve units hardly ever activated and went to ‘Nam.
But if you were a poor, no connections, didn’t have the opportunities slob you got drafted and were generally pitied by the rest of your peers, ’cause you were headed for ‘Nam.
And just joining? It was not considered honorable. It was not considered doing your duty or supporting your country. There was no talk about ’supporting the troops’.
You dodged the draft and dodged combat by joining the Air Force, Navy, Guard, Reserves or going to college. And you were considered smart for doing so.
Deep Throat
March 23rd, 2011
9:58 am
George W, don’t forget all those shiny new Escapade’s with those shiny chrome spinners they bought with those to much house for their budgets.
George W
March 23rd, 2011
9:59 am
Even the left is calling Obama (Bush’s third term)….THIS IS GREAT!!!
http://www.cnn.com/2011/OPINION/03/23/avlon.left.obama/index.html?hpt=C2
WOW
March 23rd, 2011
9:59 am
Peadawg
RIGHT ON RIGHT ON RIGHT ON!!!!!!!!!!!!
George W
March 23rd, 2011
10:00 am
Deep Throat….Amen.
WOW
March 23rd, 2011
10:00 am
“Well, you’ve shown you either didn’t live it, or if you did, your mind has rewritten history.”
ANOTHER lib catch phrase!!!!!!!!!!!! Thanks Paul!!!!!! You guys/gals just keep it up with the left wing catch phrases.
ConnedConsCon
March 23rd, 2011
10:00 am
And right on cue, the left starts harping about a woman who isn’t even in office. Yet
And right on cue, WOW expresses his beliefs that she has a chance.
Bosch
March 23rd, 2011
10:00 am
“Bosch….so the demoncrats were lying as well when they voted to go into Iraq?”
The members of Congress who voted for war — Republicans and Democrats did so based on the wrong information given to them. So, none of them lied. Although I do hold all who voted to go into Iraq just as accountable as I do Bush.
You have the misguided assumption that I am blinded by party politics, which, if you read my posts close enough, nothing could be further from the truth.
The lies came from a certain CIC at the time who refused to believe the reports there were no WMD, and guess what? It turns out there wasn’t, we were never in imminent danger of being attacked by Iraq.
AmVet
March 23rd, 2011
10:01 am
Paul, LOL.
I’m referring to Ms. Tucker’s permanently banned, non-reformed, non-apologetic, racist/bigot who now blogs here.
And take a gander at the sophistry in response to my challenge to describe those events.
One Clinton, one deflection to a one-word answer, and a complete fabrication at 9:46 – “…we could elaborate…”
I’m a bit surprised that kid (and his pocket gerbil?) can even spell elaborate.
You and I both know any cogent analysis of that matter, coming from a far right partisan, is gonna happen the day a 16 seed wins the NCAA tournament…
godless heathen
March 23rd, 2011
10:01 am
“Apparently it takes a Democrat to keep from getting thousands and thousands of our troops from being KIA’d needlessly.”
AmVet, you of all people should remember JFK and LBJ on this one.
WOW
March 23rd, 2011
10:01 am
“And right on cue, WOW expresses his beliefs that she has a chance.’
Then again, I wasn’t the one who brought her up.
WOW
March 23rd, 2011
10:01 am
“I’m referring to Ms. Tucker’s permanently banned, non-reformed, non-apologetic, racist/bigot who now blogs here.”
ANOTHER LIB CATCH PHRASE!!!!!!!!!!!!!!!!
Midori
March 23rd, 2011
10:02 am
Paul is a “lib”???
I think anyone who displays common sense and tries to correct all the ignorant talking points wind up with that label.
ConnedConsCon
March 23rd, 2011
10:02 am
I noticed a lot of former Republicans had put Bush stickers on their cars before they were repossessed and sold to saavy Democrat shoppers that promptly placed Impeach Bush stickers over the Bush stickers.
WOW
March 23rd, 2011
10:02 am
“AmVet, you of all people should remember JFK and LBJ on this one.”
But….but……YOU NEOCON CHICKHAWK RACIST BIGOT!!!!!
There, got that out of the way for Vet.
JKL2
March 23rd, 2011
10:02 am
“Its a coordinated no fly zone to protect civilians
So what happens when the rebels start losing? We’re arleady shooting tanks. Last I checked, they don’t fly very well.
Can we lob a few tomahawks into your neighborhood to let you decide if it should be called an “act of war” or not?
Bosch
March 23rd, 2011
10:03 am
“How many times has Obama flip-flopped on why were in Libya just in the past week?’
Um, zero. The reason has always been to cripple Gadaffi’s forces.
MiltonMan
March 23rd, 2011
10:03 am
Liberals blaming the repubs in this state for thie mess??? Obozo was supposed to solve this with his home owner protection effort. Also, look who is standing in the long lines seeking relief with their mortgages in this state – Democrats!
WOW
March 23rd, 2011
10:03 am
“noticed a lot of former Republicans had put Bush stickers on their cars before they were repossessed and sold to saavy Democrat shoppers that promptly placed Impeach Bush stickers over the Bush stickers.”
The only way Democrats can afford cars is by cash for clunkers.
ConnedConsCon
March 23rd, 2011
10:03 am
ANOTHER LIB CATCH PHRASE!!!!!!!!!!!!!!!!
So WOW is a lib today.
TnGelding
March 23rd, 2011
10:04 am
Did it start with housing or high gas prices?
As the chart shows, it didn’t have to happen. Looks like some states actually took their regulation duties seriously.
If you’re underwater and like your home and neighborhood, ride it out. Five years will go by swiftly.
WOW
March 23rd, 2011
10:04 am
“The members of Congress who voted for war — Republicans and Democrats did so based on the wrong information given to them.
LOL!!!!!!!!!!!
AmVet
March 23rd, 2011
10:04 am
“Should be in jail with the rest of them.”
The best irony of all would be if he was in the 8 X 12 next to your heroes who preceded him.
I presume you called long and loud for their impeachment?
LOL…
DebbieDoRight
March 23rd, 2011
10:04 am
MC: They don’t have to spend on defense because we keep not only defending them, but defending THEIR interests too.
Real Talk.
Peadawg: So it’s morally justified for Obama to bomb Libya in order to spread Democracy?
Although I am against any involvement in Libya, I am inclined to ask you this simple question……”What part of NATO led coalition do you not understand?” Just asking……….
Joe the Plumber Too
March 23rd, 2011
10:04 am
Deep: debbiedonothing and the other libs won’t discuss The Fair Tax, because they know inside that if it passed they would lose their voting base. They proclaim to want everything fair in this country, except for who pays the taxes. They believe that those of us who have worked hard and done the right things should support the lazy scum that have nothing better to do than lay on their backs and download future dimocrap voters.
George W
March 23rd, 2011
10:04 am
Bosch…when you bow to Obama do you face Mecca?
Ragnar Danneskjöld
March 23rd, 2011
10:04 am
Good morning all. I register my dissent. The collapse in housing did not cause the economic woes – the economic woes caused the collapse in housing. similarly, housing woes are not a long-term drag on the economy, the economy is a long-term drag on housing.
While we all remember the housing collapse in September 2008 that led to the misguided rescue of Goldman Sachs – “TARP” – we tend to forget that non-government employment crested in Jan 2008. Employers were laying off people before housing prices started their plummet.
The Jan 2008-and-onward employers were recognizing and reacting to the immediate effects of the misguided increase in the minimum wage by the democrat congress, and the prospective effects of the long-threatened cap-and-tax and the promise of the end of the Bush tax cuts. As unemployment began its slow rise, the housing market – already a bubble- softened precipitously. Autumn, usually the time of the annual slow-down in housing, featured perhaps its greatest collapse in history in 2008, due to the softening employment numbers.
Similarly, today, housing is not a drag on the future; the future – under the weight of manic Federal spending and massive new regulation over the past two years – is a drag on housing. Until our national legislature recognizes the true causation of the problem, there is no hope for remedy.
Keep Up the Good Fight!
March 23rd, 2011
10:04 am
The left is so scared of Rush and Beck
The mantra of those who have reached the limits of their abilities.
Del
March 23rd, 2011
10:05 am
I wonder when it comes time to put a security force on the ground in Libya, who’ll be called on to pony up?
WOW
March 23rd, 2011
10:05 am
“Can we lob a few tomahawks into your neighborhood to let you decide if it should be called an “act of war” or not?”
Let’s hope that Obama won’t lob any baseballs to Libya because he might just hit Spain.
Bosch
March 23rd, 2011
10:05 am
George,
Do you have anything else to say or just lame bumper sticker talk?
WOW
March 23rd, 2011
10:06 am
“The best irony of all would be if he was in the 8 X 12 next to your heroes who preceded him.”
Guess Vet didn’t read the rest of the sentence.
WOW
March 23rd, 2011
10:06 am
“Do you have anything else to say or just lame bumper sticker talk?’
You mean like HOPE and CHANGE?
WOW
March 23rd, 2011
10:06 am
“The mantra of those who have reached the limits of their abilities.”
Says the guy who poops skittles.
ConnedConsCon
March 23rd, 2011
10:07 am
The only way Democrats can afford cars is by cash for clunkers.
The saavy shopper lets the Republican buy it new, only to find out later that a passing grade in grade school math would have been sufficient to deter him/her from signing a loan document that was well beyond his/her McDonalds pay scale means, and then sweeps in for the repossessed deal proclaiming that half the purchase price is more than reasonable given the devaluation associated with the Vote Bush sticker on the bumper.
mmm, mmm, mmm, Barack the Liar Obama - BEND OVER, Here comes the CHANGE!
March 23rd, 2011
10:07 am
So much for your man, NObama and the economy has turned around…..You can LAUGH now.
ConnedConsCon
March 23rd, 2011
10:08 am
The only way Democrats can afford cars is by cash for clunkers
I didn’t know @@ was a Democrat.
Paul
March 23rd, 2011
10:08 am
WOW
““Well, you’ve shown you either didn’t live it, or if you did, your mind has rewritten history.”
“ANOTHER lib catch phrase!!!!!!!!!!!! Thanks Paul!!!!!! You guys/gals just keep it up with the left wing catch phrases.”
Seeing’s how I think I’m the only one who used it, it obviously isn’t a catch phrase.
But seriously, I’d advise thinking about it before using it, else you may embarrass yourself.
Now, do you want to have another go at it as to how what Clinton did was held in low esteem by his contemporaries?
C’mon, just one teeny tiny bit of analysis…. just once?
WOW
March 23rd, 2011
10:09 am
“well beyond his/her McDonalds pay scale means”
LOL!!!! The last time I went to a McDonald’s the guy who could barely put a sentence together had an Obama pin on his vest. Try again.
kayaker 71
March 23rd, 2011
10:09 am
Prediction:
The airstrikes will continue and Gaffadi will continue to dig in. As it becomes apparent that he will be a harder nut to crack than previously expected, the French will pull out and the UK and the US will be left holding the bag. Airstrikes will continue….. a few planes will be lost along with their crews. Then we will consider sending in “advisers” who will “just be there to bolster the revolt”. Public opinion will well up against further involvement although pulling out at this stage will make Bozo look like the dupe that he is, so he will “elect” to stay the course. The rest you can figure out.
Peadawg
March 23rd, 2011
10:10 am
”What part of NATO led coalition do you not understand? – The part where 90% of the planes/missles are ours.
WOW
March 23rd, 2011
10:10 am
“Seeing’s how I think I’m the only one who used it, it obviously isn’t a catch phrase.”
“Rewriting history” is often used by the left in an attempt to cover up their failed policies, presidencies etc.
Bottom line: Clinton was a draft dodger.
AmVet
March 23rd, 2011
10:10 am
heathen, since I’m not a memory/fact averse neo-con, of course I flamed that Texas scumbag and the second worse SecState ever – McNamara – for their deadly roles in that jungle clusterf&ck.
But it is now fashionable to put things in historical context.
i.e. forgiving the Foundling Fathers for having slaves, etc.
The problem with the industrial strength f&ckups of 2000 – 2008, is that they chose to ignore every single lesson from that recent debacle.
Likely, the result of your Hero of the Texas ANG not going there, but instead hiding out in Alabama, and stumping for some no-name Republican hack…
First Sergeant
March 23rd, 2011
10:10 am
Deep Throat
March 23rd, 2011
9:04 am
Obama with all the BILLIONS of $ you have spent on stimulus packages, all these shovel ready projects, the illegal aliens are recovering fairly well . Have you driven by all these road projects, sidewalks to no where and seen all those illegals ?
Why don’t you pose that question to your state leadership, fool?
TnGelding
March 23rd, 2011
10:11 am
Joe the Plumber Too (Shouldn’t that be Plumber’s apprentice?)
March 23rd, 2011
10:04
We dismiss the “Fair Tax” because well….it’s unfair. Simple, yes. Fair, no.
WOW
March 23rd, 2011
10:11 am
“But seriously, I’d advise thinking about it before using it, else you may embarrass yourself.
Paul, you have me confused with someone who cares about what you think about me.
Del
March 23rd, 2011
10:11 am
Ragnar@10:04, well stated and true.
ConnedConsCon
March 23rd, 2011
10:11 am
Liberals blaming the repubs in this state for thie mess??? Obozo was supposed to solve this with his home owner protection effort. Also, look who is standing in the long lines seeking relief with their mortgages in this state – Democrats!
Actually it was Isakson that offered up the plan that was supposed to fix the housing problem that his cohorts created.
WOW
March 23rd, 2011
10:12 am
“i.e. forgiving the Foundling Fathers for having slaves, etc.”
How about the Africans that sold their people into slavery? Forgive them?
Ragnar Danneskjöld
March 23rd, 2011
10:12 am
As I traded a clunker for a Prius, I wish to thank the other taxpayers for subsidizing my wishes.
WOW
March 23rd, 2011
10:12 am
“We dismiss the “Fair Tax” because well….it’s unfair. Simple, yes. Fair, no.”
Do you have multiple personalities?
@@
March 23rd, 2011
10:12 am
According to the 2010 Census, urban living is on the decline. Suburbs are preferred.
Not what you were hoping for, was it jay?
City of Atlanta….where did it go?
One of the most startling Georgia numbers to come out the U.S. Census Bureau data dump last week was the 120,000 people who suddenly went missing in the city of Atlanta.
Kinda puts the squeeze on revenue.
Ragnar Danneskjöld
March 23rd, 2011
10:12 am
Thanks Del @ 10:11.
WOW
March 23rd, 2011
10:13 am
“Why don’t you pose that question to your state leadership, fool?”
Cause……the state leadership doesn’t run the country.
ConnedConsCon
March 23rd, 2011
10:13 am
LOL!!!! The last time I went to a McDonald’s the guy who could barely put a sentence together had an Obama pin on his vest. Try again.
Sure he did. I’ll bet that McDonalds, like most other businesses, do not allow employees to display their political preferences during work hours. Try again.
Peadawg
March 23rd, 2011
10:14 am
“We dismiss the “Fair Tax” because well….it’s unfair.”
How is EVERYONE paying the same 23% tax or whatever not fair?
WOW
March 23rd, 2011
10:14 am
”What part of NATO led coalition do you not understand?
The part where Germany and others are dropping out.
WOW
March 23rd, 2011
10:15 am
“I’ll bet that McDonalds, like most other businesses, do not allow employees to display their political preferences during work hours.’
They do in urban areas, Con.