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2006-10-27 Home Front Economy

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Posted by Steve White 2006-10-27 00:06|| || Front Page|| [2 views since 2007-05-07] Top

#1 Stock markets are up, but house sales are down. How secure do people feel about their jobs? And does the economy trump the War on Terror, which we've been reminded of repeatedly lately -- the 9/11 remembrances, the 10-airplane hijack plot out of London, both Democrat and Republican party campaign ads?

Posted by trailing wife 2006-10-27 09:43|| 2006-10-27 09:43|| Front Page Top

#2 Housing "starts" are off almost 30% in Colorado Springs, but there are more houses on the market than ever before. Houses last year were seldom on the market for more than two weeks. This year, the average is over five weeks (still pretty good - in 1993, a "downturn" year, houses were on the market an average of seven MONTHS). Housing prices are holding steady. With a total of 14,000 additional military personnel supposed to move into the area within the next four years, I don't see a great slump in the housing market, even with the amount of overbuilding that has occurred.

Stock prices are up, interest rates are holding steady, gross income is up, taxes are down, take-home pay is up, employment is up, unemployment is down, 4.1 million new jobs since 2001 - lots of good economic news that the lamestream media has deliberately "missed". If it really is "the economy, stupid", the Donks should LOSE 30 seats.

Posted by Old Patriot">Old Patriot 2006-10-27 23:28|| http://oldpatriot.blogspot.com/]">[http://oldpatriot.blogspot.com/] 2006-10-27 23:28|| Front Page Top

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