Dear Poll Maker.............
This is another stupid poll...................
do you really think one project means the recession is over...............
if this is the case then i guess the recession was actually over last week when i had my truck inspected.............
Yeah!!!!!! The illegal alliens are getting thweir jobs back. Whoohooo!!!!
(Detect Sarcasm Here)
How can the recession be over when inside information has it that the two largest banks downtown are still sheding employees? They continue to rid themselves of employees at the rate of 150 per week in order to stay under the SEC radar reporting. As long as this continues, who will be the people with the dollars to buy condo units downtown to fill 51 floors?
All this signals is that the owner has secured new financing as the units were likely not pre-selling as quickly as plannned. Banks do not want any additional real estate so it was in their best interest to work out a new deal with the owner.
As a news media WBT is losing, or has lost its mission. The questions this week are dealing with trivia when there are important questions to be addressed.
Lets deal with 5 legged puppies, aliens, lights in the sky, how much we detest _____(insert your own peeve) etc. Who cares about excess housing no one can afford.
This is far from over. I know too many intellegent, hard working people that work in construction who can't find a job. There are no new projects starting, and people are still being laid off daily.
You people are really idiots. With unemployment at 9.8% nationally which means it is in the teens many places in the country, you have the gall to post this question? Why not post questions about how the members of congress have six figure salaries, get a paid for car, get a paid for credit card for gas in the car plus expenses, and all the other perks plus a pay raise during this time.
Get with it Dorks or get off the air.
The beggining of the end? Well, a little attempt at humor in the morning may be appreciated by some readers/listerners. All the indicators of economic health point in one direction, and it is not in the direction of improvement. Only the Obamacons and the compliant and non-inquisitive media are trying to spin a non-existant recovery. Umemployment is approaching 10%. The number of discouraged workers no longer looking for jobs continues to increase. There are today in America 15 million unemployed, and if you count the under-employed, those working far below their potential (the bank executive working in the garden department at Home Depot, for example, or the small business owner now selling cars), the total unemployed and underemployed are almost 26 million. The trillion dollar stimulus is not working, Obamomics is not working. Why is that? Becasuse you don't create jobs by handing our money to political cornies. The Chicaog political machine does not work well in Chicago and it sure does not work in Washington. It's a grand "experiment" in change, but there are a lot of people suffering, worrying about their future, and there is no good news in sight. A high end condo project gets restarted? Big deal. It does not mean a thing.
In answer to your question, NO, it does NOT mean the recession is over. It simply means an investment group in CHICAGO got it's financial act together. I am in agreement with many above, these questions are getting pretty lame, especially in view of all of the real issues out there.
I don’t believe this single event necessarily means that the recession uptown is over, but it is certainly an encouraging sign. Real estate has stabilized, giving homeowners some sense of security, while the drop in prices and the tax credit for first-time buyers provides great opportunities for those looking for a home. If you are looking for a deal, it’s out there right now.
No it's not over and just because you continue to build means nothing. All it means is some too rich investors realized the end of the year is coming and they need some tax write-offs so they throw their money at it because they know it is indeed a losing propsiton. I agree with someone above. who in the heck is going to buy them? Housing turn around or no, only bank hooty snooties and former NY residents will be able to afford them and would consider it a deal given the price of the same thing in New York City or Pittsburgh, or Washington D.C. That's all we need is more yankees mucking up the South. WE have enough of them already and look what it has gotten us. The uptown crowd and their agendas.
Converting the View into subsidized housing would honor our Dear Leader by spreading the wealth and would possibly encourage other builders to INVEST in uptown Charlotte -- ya think?
It means the developer was forced to pay his bill. They were humiliated, forced to find money to pay the contractors. And that ends the recession? Once the condo's are sold, then do this poll. Otherwise, it doesn't really apply to someone forced to pay his bills.
So, RJ Griffin & Co gets a few months back pay and we are supposed to contemplate whether or not that means the recession is over? Sounds like wishful thinking for a desired outcome.
I find it very interesting how the political left was the first to believe that we were in a recession under Bush, and now the political right is the last to believe we are coming out of a recession. It turns out that the left has been right. Conservatives have always been good about not letting the facts get in the way of their delusions. Regardless of your beliefs, though, the facts are a stubborn thing. They are, by definition, the facts. That said, do I believe the resumption of construction at the Vue means we are coming out of The Second Bush Recession? No! But there are plenty of other signs I pay attention to, and the stock market (my primary indicator) has been very good to me with Obama in office.
I Am Dem: That is not entirely correct. The left was announcing that we were in a recession, but technically we never entered a recession until there were two quarters of negative growth. Also, we have not exited the recession-just because the ecomony in time (x) is better than x+1 or 2 or 3 etc, doesn't mean that we have come out of the recession. The right never said that the economy was in healthy shape-it just never said it we were in a recession until we were actually in one. Get my point?
Though, I admit, had a dem been in office, the Republicans would have done the same thing. It was all politics. Of course the dems had full control of the legislative branch.
The more important econimic indicators (other than stock market) would be as follows: GDP, CPI, NonFarm Payroll Employment, Housing Starts, Retail Sales, Business Inventories, Durable Goods Status, 10 Year Treasury Bonds (yield)and then the S&P 500 Stock Index. I know I have left out something but it should be clear that the stock markets performance since the begining of the year is not a clear indicator of the ending of a recession. The DOW still has a long way to go to regain its all time high of 14000 (under Bush) and that's a stubborn fact. I think that it is the right and the left who are good about not letting facts get in the way of their delusions. The left and the right are only two different sides of the same coin.
RC, those are also important, but the "average" American pays little attention to them. The reason I prefer the stock market is that it is forward-looking. You are correct that it was under Bush that the stock market took a major dive from it's highs. Compare that to Clinton's accomplishment in the 90s. Those were the days!
Will, partisan politics are great. I have no idea why anybody want's bipartisanship. We never had it - why start now.
I love how you guys go Right/Left politics on all of the surveys here. Will, you make a good point though and that is "it is all politics". I remember the early 80's recession and the 2 quarters that followed 9/11. Just as the long debated "solutions" to the downturns were about to be enacted, amazingly enough it was a little late. The American spirit already had the country on the recovery course. The folks at GovCo took credit after the fact for the turn around when their programs meant squat. If we all weren't so me, me, and now now, this one may have gotten stalled before it even started. People buying homes they couldn't afford, conspicuous spending on all kinds of "gotta haves" and so on. Now where are we, we are begging for help getting out of something we caused. If they held people responsible for their own actions and people realized it, I don't feel it would have been as badly felt. Hopefully all the "wannahaves" and "wannabe's" will learn from this and it won't repeat itself again. I am not holding my beath on that one. Won't happen as long as we have the "protoect me, from me, in spite of me" mentality and GovCo des or tries to. It is the same theory used to justify OSHA and Workers Comp Insurance.
Yes, it is all politics-AND I LOVE IT!! A TRUE American pastime.
I.M.DEM, the items I mentioned are the leading economic indicators whether the average American pays attention to them or not. That's what I mean when I say that left or right, facts are ignored by both. You also ignored what I actually said about the stock market under Bush and twisted what I really said to suit your leftist views. Granted they fell under Bush but, they fell from an all time high. Your emphasis is on the fall, not the all time high. You just want to play the Democrat/Rebublican game. I could care less and am neither.
You also sound like Rush in your statement to Will about partisan politics because he says the exact same thing. I assume you are a big fan of Mr. Limbaugh?
Once more this morning, Al Gardner distributes his opinions as fact, when he said "65% of us want a public option". Really Al? So, you are saying you want a public option? You did not say 65% of Americans want a public option. And where did you get those majority numbers? Because I have seen polls that showed just the opposite. It sounds like...if you're actually a news program...and you do call your program Charlotte's Morning News...what you should have said was..."According to an XYZ Poll, 65% of Americans want a Public Option." Of course, only a person giving an unbiased report would make that effort. Again...it's no longer Charlotte's Morning News...it's Al's Morning Opinion.
Sorry I'm late guys...I've been listening to 1600 America's Morning News...WBT is rapidly becoming the "Charlotte Observer" of the radio waves...their constant use of CNN and CBS as their reporting staff for national news means if you listen to WBT you are not going to get hard news coverage...for example...where are the stories of the czars in the Obama administration...who they are and what their background is....we've not heard that....where are the stories of what the strategy is for the passage of the healthcare bill out of committee and to the floor of the Senate as an amendment so that it can avoid Constitutional infractions....they story has not been reported....where is hard coverage of the Afghanistan war...what missions our forces have been on and what the results are...what rules of engagement have been put in place and why....these stories have not been fully reported....where are the studies of how bad the economy of our state and country are...we've got record unemployment in many counties...where is the in depth reporting on the unemployment rates and discussions with economist about why the stimulus has not worked and what does work...the story has been ignored....and of course...WBT has ignored in depth coverage of the truth about socialized medicine...there have been no reports before 9:00am on WBT about poor healthcare in countries that have socialized medicine...this type of non-coverage of critical issues is why I'm now listening to America's Morning News...
Will and Jim, there is something on which we agree. It is all politics, and it's great fun.
RC, how are GDP, CPI, NonFarm Payroll Employment, Housing Starts, Retail Sales, Business Inventories, Durable Goods Status leading indicators? The value of a stock is the discounted value of all future dividends plus the discounted value of appreciation. Clearly that looks toward the future. GDP measures what was produced in the past. CPI is the current consumer price index. Payroll is current employment. Retail Sales are past sales. Business inventories and durable goods sales, I grant you, are somewhat leading, but not like stocks.
Mike, you should feel quite comfortable here and on WBT. It looks like you drink the same flavor of Kool-aid.
Jason, I agree that the source of the poll should always be mentioned. Here it is: http://www.nytimes.com/imagepages/2009/09/25/us/politics/25pollgrx.html
RC, I love Rush. I don't agree with him very often, but I envy him for his abilities and love his methods and techniques. Now, he is not a William F. Buckley Jr. or Irving Kristol, two people who I admire for their intellect, but Rush knows how to push all the right primal buttons in people. In that sense he is the opposite of an intellectual, but I can respect that.
I.M.DEM, Examples of leading indicators include production workweek, building permits, unemployment insurance claims, money supply, inventory changes, and stock prices. The Fed watches many of these indicators as it decides what to do about interest rates. I wish it were as simple as just watching the stock market for a few months at a time.
I am not suprised at your love of the intellectuals, and I think Rush would agree with you that he is the opposite of them as well.
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