Sunday, August 2, 2009

Sunday Globe Insults: The Recession Never Happened

" A “safe zone’’ that covers a long swath of middle America, from the Great Plains south to Texas.... protected.... 10 states from the recession’s chokehold"

It was JUST a FIGMENT of your IMAGINATION, s***-eating Amurkns!!!!

And then you find out it was a S*** SURVEY!

"Because of their small size, the AP index lacks foreclosure data for about half of the 200 counties that made up the safe zone in June; those with a population under 25,000 were assigned a foreclosure rate of zero. But there is widespread anecdotal evidence"

That's what the WHOLE PAPER IS: a ZIONIST ANECDOTE!!!!!!

Seriously, America, how many lying insults are enough?


"'Rural Plains communities avoiding recession’s worst" by Ben Neary and Mike Schneider, Associated Press | August 2, 2009

TORRINGTON, Wyo. - Carl Rupp and his neighbors follow the old rancher’s creed: “Keep your money in your pocket.’’

That prudent financial bent, matched with the high prices paid for crops and energy in the past few years, has largely protected Goshen County and a core group of several hundred other counties in 10 states from the recession’s chokehold. The Associated Press Economic Stress Index shows they make up a “safe zone’’ that covers a long swath of middle America, from the Great Plains south to Texas.

Update: Shuttered factories, shattered lives in US rust belt

The lies never stop, do they?

But the safe zone is shrinking. Energy production and prices are sliding, especially for coal and natural gas. Crop prices are dropping, too, as there’s less demand in Asia for American wheat, corn, and soybeans....

Meanwhile, Americans are starving.

Then again, I wouldn't expect the agenda-pushing globalist paper to clue you in on the population-reduction scheme; however, this is part of it.

SCREW GLOBALISM!! The MORE LOCAL the BETTER in ALL THINGS!!!!!!

“To say that you’re doing pretty well is just to say that it’s the best-looking puppy in a pretty ugly litter,’’ said Wyoming Governor Dave Freudenthal, who recently imposed a 10 percent budget cut across his state’s government in response to falling tax revenue from the energy sector.

The contiguous counties in the safe zone start in Montana and North Dakota, and cascade into Wyoming, South Dakota, Nebraska, Iowa, Kansas, and Oklahoma, and end in northern Texas and eastern New Mexico. Those in the safe zone had an AP Economic Stress score under 5 in June, making them the economically healthiest in the United States.

The AP calculates a score from 1 to 100 based on each county’s unemployment, foreclosure and bankruptcy rates. The higher the score, the higher the economic stress. As the rest of the nation was riding the mortgage bubble, many farmers and ranchers in the safe zone who suffered through the agriculture crisis of the 1980s took on comparatively little debt. And when the recession hit, it didn’t dampen demand for the row crops grown on the Great Plains.

Consumption of food and feed grains has increased 3 to 4 percent annually in recent years, while a federal mandate that gasoline contain certain levels of ethanol has also kept demand for corn and soybeans high.

Related: U.S. Wants to Starve You and Ruin Your Car Engine at the Same Time

“The last few years, ag has been pretty good,’’ said Rupp....

Elsewhere in the safe zone, the business is energy, and the recession is starting to take a toll....

That's weird because the TONE of this AGENDA-PUSHING ARTICLE is the TOTAL OPPOSITE!

Because of their small size, the AP index lacks foreclosure data for about half of the 200 counties that made up the safe zone in June; those with a population under 25,000 were assigned a foreclosure rate of zero. But there is widespread anecdotal evidence that real estate is an anchor in a place where many families proudly trace their land titles to homesteading ancestors.

PFFFFFFFFFTTTTTTTTT!!!!!!!!

Aided by low interest rates, the value of farm and ranch land has grown by double digits this decade. Unlike California or Florida, there was no largely speculative housing bubble here.

Mike Daly started First State Bank of Wheatland in 1981, first setting up shop in a mobile home in a southeastern Wyoming town surrounded by lush farmland.

The jewspaper chooses a banker as the success story, huh?

Will the INSULTS EVER END?

His bank, which now has several branches, never got into the subprime mortgage market, and he said his customers prefer the traditional fixed-rate, 30-year home loans.

Yeah, like MOST SMALL and LOCAL BANKS that are now being BENT OVER by Wall Street!

Related: Small Banks to Bailout Wall Street

“The vast majority of our borrowers have had a pretty good run.... they’ve paid down debt, and they’re in a position, for the most part, to weather the storm.’’

Then I'll stop blogging about economic matters, 'kay, 'murkn s***-eaters?

--more--"

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