Tuesday, May 31, 2011

Economic Insult of Day

Actually, there are a couple of them: 

"The desire to own your own home, long a bedrock of the American Dream, is fast becoming a casualty of the worst housing downturn since the Great Depression....  

That is why history (and historians, smile) will record it as the GRAND DEPRESSION!!!

“They’re happy renting because they’re scared.’’  

Dear readers, are you EVER HAPPY when you are SCARED? 

We are not talking about watching a movie scared, we are talking about REAL-LIFE ANXIETY SCARED!  

Yeah, the ELITIST INSULTS are why I have basically STOPPED READING the SECOND SECTION of the Globe. 

Hell, I can barely finish the first these days.   

--more--"  

Then it ain't gainin'!!  Not for me and you, 'murkn.

Also see: New names join ranks of New England’s top brands

Yeah, right, recession over.

"Many struggling amid recovery; ‘Imbalances’ persist as state outpaces US" May 27, 2011|By Megan Woolhouse, Globe Staff

A key element of the state’s recovery has been a rise in exports to Germany, China, India, and other countries, largely due to a relatively weak dollar, the report said.  

Face it America, you are the third-world labor market now.

A weaker dollar makes US products cheaper in many foreign markets.  

Yeah, and it makes THEIR PRODUCTS MORE EXPENSIVE over here! 

THAT is why PRICES are SHOOTING THROUGH the ROOF, Americans!! 

The Fed flooding of printed loot to buy back the mortgage-backed securities s*** has DESTROYED YOUR PURCHASING POWER!

“Overall, it’s good news,’’ said a University of Massachusetts Dartmouth public policy professor, Michael Goodman. He is co-editor of MassBenchmarks, the UMass journal that released the analysis....

But a consumer confidence survey found that more Massachusetts residents expect business conditions to worsen over the next six months. Consumer confidence in Massachusetts fell for the first time since July as households worried about the strength of the recovery, Mass Insight, a Boston research firm, reported yesterday....  

Or the LACK OF ONE as I have testified to on these very pages!

Still, the state’s economy appears to be improving.... 

Related: Boston Globe Business Pages Are Nothing But Bulls***!

Boston Globe Giving You the Business    

Are they ever! 

Must get it from above:

Also yesterday, the Labor Department said that first-time claims for unemployment benefits unexpectedly rose....  

Seriously, have you HAD ENOUGH INSULTS? 

I HAVE!

--more--"   

Let's add some injury:

Related: Rich splurging, others scrimping, report says

That's all good to the newspaper.

"US housing program squanders millions" May 16, 2011|Washington Post

WASHINGTON — The federal government’s largest housing construction program for the poor has squandered hundreds of millions of dollars on stalled or abandoned projects and routinely failed to crack down on delinquent developers or the local housing agencies that funded them.

Squandered or stole, you pick the term.

Nationwide, nearly 700 projects that were awarded $400 million have been idling for years, a Washington Post investigation found. Some have languished for a decade or longer, even as much of the country struggles with record-high foreclosures and a dramatic loss of affordable housing....

You know, if I were a terrorist....

A yearlong Post investigation uncovered a dysfunctional system that delivers billions of dollars to local housing agencies with few rules, safeguards, or even a reliable way to track projects....  

I believe it is called looting.

--more--"

Is it ANY WONDER I am so anti-tax, readers? 

The government CAN'T EVEN GET HOUSING RIGHT! 

And who are the recipients of the loot?

"Honors for a developer spur protests; Firm is planning to end rent aid" by Meghan E. Irons, Globe Staff  / May 31, 2011

Several housing advocacy groups and tenants of apartments owned by First Realty Management Corp. are protesting a plan to honor the company’s president for championing affordable housing in the region.

The nonprofit B’nai B’rith Housing New England is planning to honor William Kargman, First Realty president, at a ceremony Monday.

First Realty, which has been repeatedly cited as a premier developer of affordable housing, was among dozens of private developers that participated in a 40-year federal program offering low interest rates in exchange for providing Section 8 and low- and moderate-income housing.

But those deals are expiring, and First Realty, which owns five Boston properties, has come under fire in Roslindale and the Fenway for moving to end rent subsidies. At Burbank Apartments in the Fenway, tenants and advocates have filed suit alleging that the decision to end subsidies discriminates against low-income tenants.

Some now say B’nai B’rith should rescind the award or press him to do more to help tenants at the Boston properties.

The Kargmans have contended that they are keeping the Burbank units affordable by offering tenants enhanced vouchers to continue living there at reduced rates. But tenants argue that once they move out of Burbank, the affordability of their apartments will be lost for good.

“He doesn’t deserve the award,’’ said Burbank tenant Conrad Ciszek. “He’s phasing out affordable housing, not just here but at other properties.’’

B’nai B’rith Housing, which works with cities and towns for affordable housing and is affiliated with the antidiscrimination humanitarian group B’nai B’rith International, defended the award, hailing the Kargman family’s company as a pioneer in affordable housing for more than 40 years and praising its patriarch, Max Kargman, who grew up poor in the Jewish tenements of Chicago.

“We have been wanting to honor the Kargmans since before Max Kargman died in 2005, and we decided to do it months ago,’’ said Susan Gittelman, executive director of B’nai B’rith Housing New England, which works with cities and towns for affordable housing....  

Yeah, that's about the third time you told me that.

--more--"  

Related: 

"Jewish agencies such as nursing homes and community centers take in an estimated $10 billion each year from government sources — some 10 times the amount these agencies raise from the public. Most of the $10 billion is directed through state governments that are struggling mightily to stay afloat in the current economic downturn."  

That's where the tax dough is going?

Also see: Beneath Jerusalem, a city of the past grows

Did I mention how tired I was of Zionist Khazar forgeries and lies?