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John Thomas Financial CEO Thomas Belesis on realities of the economy compared with the perceptions.
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But it's not all bad news of the White House more people are feeling good or at least better consumer confidence rises -- level we've seen since February.
But people still dealing a lot worse than they did just a few years ago.
-- housing digs are better but still by and large bad home prices in July rising by more than a percent compared to last year.
But my own house for example is still -- valuation of a cheap stuff he's on -- not be thought.
About 30%.
Below its peak.
Wall Street doctor -- -- things are so bad we are interpreted otherwise bad news as good.
Just because it gets better.
By the way -- Tom also -- Romney super delegate very well connected so.
We know your favorite right -- I agree with you on that I think that we've gotten used to getting shellacked in these numbers and were pleasantly surprised when we're not getting somewhat.
-- factually correct -- -- -- the American people are so you still I -- economy.
That any type of improvement in the numbers that you just so.
-- convincing the American people that things are getting better.
But you know when you look at the reality of how things up vs -- where we have a move -- -- -- here's your brilliant point well.
Pointed that if you've -- -- -- years -- really crappy data.
And now you look on these sites like zillow -- you go look at your 41 -- statement.
And you're no longer losing money hand over fist -- your house is worth at least -- -- -- rubles and it was.
Few months ago a year ago.
You really do think Europe to the race I know -- this -- -- if you step back it's -- what -- what -- -- about -- but that could be the one that the president's back.
You know what I mean if you look at all the data now that's gonna come in fun of us over the next few months I think that's gonna give a huge signal that we have not moved forward along with the was aborted the data like today -- consumer confidence ever rose to a multiyear high it.
We see housing and percolate a little better -- -- you know I think ultimately it's gonna come down -- you know who is gonna be better for the economy moving forward I mean yes corrected.
The indexes -- almost at all -- That's that looks great when you get your statements but how much -- -- would have we didn't.
If you know we had a -- business in -- is that regardless it ever does see that's the thing you have to channel joins I didn't wanna get your reaction is Joseph Biden -- he was commenting about where we've Comverse is where we -- -- this -- from Vice President Biden.
They act like somehow in September of 2008 all of a sudden the recession fell from the sky yeah.
How did this happen.
How did this happen.
As my number three granddaughter number four granddaughter would say not wasted pop did Casper the friendly -- do it.
-- happen.
Wouldn't that -- I mean.
You know it's all politics I mean you know he has to go out get -- pitch.
To the American people that their policies -- what -- the economy -- well that's another a humorous attempt to -- look at we inherited right that's correct I mean and you know what it's kind of like saying you know what is the -- -- blaming bush ultra.
You don't in the next ten years that you keep blaming bush what happened you know 300 -- -- Grover Cleveland -- That is right but I'll tell you -- still I mean.
-- it's gonna come down to.
The numbers and who is best suited to move this economy forward and you know what in my opinion not just -- -- from Wall Street you look at the middle class the middle class has a move forward at all.
You know I mean people may think because you know what the markets -- people do much better about all -- they're not doing that I mean if you look at the Reagan Reagan inherited a recession.
-- a -- what's ten point 2%.
In 37 months he gave all those jobs back and create an additional 79 now with 38 want it to this recovery.
And this president and this administration was -- to -- four million jobs.
So what does that tell you that all of us policy that he's put forth have not worked.
But it all hinges on the debates from Enron plan.
I agree that the debate so really gonna gotta say with the same -- you just it.
Yet what you just said yes and you know he should say the words I don't know if he can say what you did the -- it's all about you know his passion and in convincing.
The voters that are on the sidelines that his plane is gonna -- for America.
And that I think what's gonna be the tipping point of having him -- into the race come November.
You should not politics in America but I don't even on as a socialist who could run as a Communist is I -- we're gonna say wow.
And -- well we'll tell -- whether I would try to get over to Tom -- is John Thomas finance.
