Saturday, January 21, 2017
Friday, January 20, 2017
Revolutionary Communist Party protests outside pro-Trump DeploraBall, gets pepper-sprayed
Refuse Fascism dot org is a project of the Revolutionary Communist Party, initiated by people like Bill Ayers, Carl Dix, Niles Eldridge and Cornel West.
Labels:
anti-capitalism,
Bill Ayers,
communist,
Cornel West,
Donald Trump 2017,
fascist,
Mao,
revolution
Thursday, January 19, 2017
Middle class brick wall: Obama ends his presidency with new housing starts down 34% overall compared with 1959-2008
Not seasonally adjusted, new housing starts averaged 1.28 million per year from 1959-2008, but under Obama they averaged just 0.84 million per year, according to the December data out today, completing his eight year record down 34% from the post-war average.
The monthly average for 2016 annualized is 1.17 million starts, which will end up being Obama's best year but only just above the post-war average cyclical low of 1.13 million per year.
So under Obama all we have done is climb back to the average cyclical low point for new housing starts.
Housing booms have been marked by an average cyclical high of 1.97 million new starts per year in the post-war, but Obama's best performance in 2016 is over 40% off that average high.
2009 marked the low point since 1959, with just 0.55 million new starts, sliding all the way down from the 2005 cyclical high of 2.07 million, a collapse of over 73% for the new housing industry.
Since September 2008 through November 2016 there have been approximately 6.5 million completed foreclosures according to Corelogic here. That means that over 16 million people have been displaced from their homes during the Obama era based on the average household size of 2.5 people.
The homeownership rate in the second quarter of 2016 fell to its lowest point in five decades at 62.9%, the same rate which prevailed in 1965.
Pew reported in December 2015 that after more than four decades as the economic majority in the United States, the middle class had become out-numbered by the combined number of the rich and the poor. Pew reports that in 1971 middle class adults were 61% of their fellows vs. only 50% in 2015. The underclass has grown by 25% while the richest tranche has grown by 125%.
At least some of the decline in the relative size of the middle class has to do with the enormous number of illegal aliens flooding the country since Bill Clinton was elected in 1992, and with a large number of Baby Boomers moving on up in an era of credentialism while eschewing larger families for themselves than they came from.
Births per 1,000 women fell to their lowest point since 1909 in the first quarter of 2016 at 59.8. The rate was 122.9 in 1957.
You can't have a decent country unless you give birth to it.
Labels:
Baby Boom,
Barack Obama,
Bill Clinton,
births,
class,
CoreLogic,
homeownership,
illegal aliens,
Statista,
stlouisfed
Laugh of the Day: Jake Novak at CNBC says Obama helped us emotionally recover from the Great Recession
Sure he did, Jake, sure he did.
Here:
"President Obama's cheerleading for the economy did help people recover emotionally from the Great Recession."
Wednesday, January 18, 2017
In case you didn't get it the first time, Vladimir Putin thinks the CIA behind the Trump smear . . .
. . . is the same CIA which overthrew the democratically elected but pro-Russian Viktor Yanukovych, president of Ukraine, in 2014.
Not coincidentally, John McCain was the US point man in the overthrow effort: "John McCain backs opposition leaders telling Ukraine protesters: 'America stands with you - Ukraine will make Europe better'".
Democracy is only OK if it's pro-Western, you see.
Obviously, if Snowden had really wanted a pass from President Obama . . .
. . . he should have changed genders.
Too late now bro!
Joe Biden wants to plunge Europe into war if dictator Erdogan's TURKEY is attacked
The dangerous illogic of NATO overreach is completely lost on Joe Biden, here:
At a time when Trump and his advisors are talking about shaking up NATO, Biden said, we must "support our NATO allies. An attack on one is an attack on all, that can never be placed in question." ... "We need to tap into the big heartedness [and raise taxes on the 1%]," Biden said. "This is a moment to lead boldly."
Then why didn't you run, Joe?
Some leader.
Liberal progressives. All talk. No action.
Liberal progressives. All talk. No action.
Labels:
CNBC,
dictator,
Donald Trump 2017,
Joe Biden 2017,
Recep Tayyip ErdoÄŸan
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