Bits Bucket for October 12, 2012
Post off-topic ideas, links, and Craigslist finds here.
The Housing Bubble
Examining the home price boom and its effect on owners, lenders, regulators, realtors and the economy as a whole.
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Name:Ben Jones
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Greece is likely to adopt austerity measures worth 9 billion euros next year, rather than the 7.8 billion euros it had planned for in the 2013 budget, it has emerged.
Following talks between Finance Ministry officials and the troika on Thursday, it emerged that the Greek side was prepared to agree to its lenders demands for more cuts to be made next year.
The total package for 2013 and 2014 is worth 13.5 billion euros in spending reductions and tax hikes. The mix of the measures in the package is likely to be 11.5 billion euros in spending cuts and 2 billion euros in tax increases.
http://www.ekathimerini.com/4dcgi/_w_articles_wsite1_1_12/10/2012_465799
Unemployment in Greece hit a record 25.1% in July, with the level among young people reaching 54.2%, according to the latest official figures.
Greece’s statistical authority said 1.26 million Greeks were jobless in July, with more than 1,000 jobs lost every day over the past year.
http://www.bbc.co.uk/news/business-19911058
If I was a young Greek, I wouldn’t be in Greece.
Neither will most of the successful businesses. The solution to excess spending by socialist-style governments is always to raise taxes on business and “the wealthy”.
In the news today, Coca-Cola Helenic is LEAVING for Switzerland. That’s right, they’ve had enough.
They want a business-friendly, less taxing country.
And guess what, they are Greece’s biggest company.
Bye. Bye. Taxman.
Where are all the comments on how the %1 are evil at after this comment? Isn’t there a liberal reply to this? Something about how it is for the betterment of all to raise taxes?
Still I’m sure you’ll be rolling back there in your barrel.
“Coca-Cola Helenic is LEAVING for Switzerland. That’s right, they’ve had enough.
They want a business-friendly, less taxing country.
And guess what, they are Greece’s biggest company.
Bye. Bye. Taxman.”
You gotta wonder how many California corporations made similar choices.
California is the Greece of the fifty U.S. states.
Debt reduction could hit growth for years, says Lord Turner
Lord Turner Lord Turner is seen as a front-runner to be the Bank of England’s new governor
The head of the Financial Services Authority has suggested that it may be time for more unconventional policies to revive Britain’s stagnant economy.
Lord Turner said reducing private, business and government debt following the financial crisis could impact economic growth for many years.
http://www.bbc.co.uk/news/business-19917480
To use a Northern term, it appears the citizens of the UK are buggered.
Singapore’s economy contracted in the July to September period, but has narrowly avoided a technical recession.
Gross domestic product shrank 1.5% compared with the previous three months, the Ministry of Trade and Industry said.
However, growth in the April to May quarter was revised from a contraction of 0.7% to slight growth of 0.2%.
Asian countries have seen growth slow as a result of dwindling exports to Europe, the US and China.
http://www.bbc.co.uk/news/business-19920418
Is Singapore in Europe?
The Free Sh*t Army get 3 free hots and a cot:
http://www.sfgate.com/crime/article/SF-housing-protesters-accused-of-burglary-3940759.php
Those Occupiers need to occupy a shower and get a job!
What they need are good haircuts!
Haircuts not enough. Manscaping is the only way to go.
The Unstoppable March Toward National Bankruptcy: Who’s To Blame?
Forbes | 10/12/2012 | Dr. Mark Hendrickson, Grove City College
Today, a mere two decades later, we have quadrupled the national debt again, to $16 trillion. (That figure represents the official national debt, but if you add the many “off-budget” items and all the liabilities that are conveniently omitted from government “accounting,” then it’s multiples of the official number.)
Who is to blame?
Let’s start by picking the low-hanging fruit: “progressives,” a.k.a, Democrats. The Dems always want more federal spending, higher taxes, more government. Indeed, there is no major area of economic activity over which they want less control. Whether it’s food, energy, housing, health care, retirement, finance, transportation, education, etc., they always want to expand the government’s scope and power.
The Democrats have led the way toward bigger government. They always succeed in getting Republicans to blink every time the debt ceiling is reached, because whereas Republicans are ambivalent and divided about Big Government, progressives are united and utterly committed to it. They do not vacillate; the Republicans do, and so they buckle.
Surely, though, now that we are racing toward a jarring fiscal cliff, the government’s credit rating is at risk, and major entitlement programs are on a collision course with insolvency, Democrats will compromise to fix these problems before it’s too late, won’t they?
The short answer, dear reader, is “No.” On the contrary, the threat of insolvency is something that progressives welcome. They view it as a means to an end.
What do you suppose Democrats will propose on the day that funds run dry for Social Security or Medicare? They surely won’t say, “Sorry, folks we’re broke; end of program.” Instead, in the case of Social Security, they will try to use the emergency as the pretext to nationalize private retirement accounts a la Argentina (they’ve already held congressional hearings about taking this step); in the case of Medicare, they will do what many of them already have stated they want to do—nationalize it.
Now for some bipartisanship: The Republicans must share in the blame for the government’s fiscal woes. Other than Ron Paul, what Republican has refused to vote for expansions of government into numerous areas not enumerated in the Constitution? Yes, Republicans generally have wanted to grow government at a slower rate than the Democrats, but they still have supported its continued growth. The most “conservative” long-term fiscal plan that has gained any traction in the Republican Party has been Rep. Paul Ryan’s plan that would increase the national debt by “only” $4 or $5 trillion over the next decade. If that is the most “radical,” “right-wing” “anti-government” plan on the table, then clearly the flood of red ink will continue to swell (that is, until the Federal Reserve Note tanks and the system cracks up).
no major area of economic activity over which they want less control. Whether it’s food
In case you missed this from yesterday:
http://mobile.bloomberg.com/news/2012-10-11/food-sickens-millions-as-industry-paid-inspectors-find-it-safe.html
Let’s eliminate the FDA! There may be sh*t in our food but at least we’ll be able to buy cocaine and morphine over the counter, LOLZ!
Sigh.
It is always the same with liberals
Touch one bloated government program, eliminate one insane government regulation or even suggest reducing the GROWTH of government spending and…
We turn in Somalia overnight. People die in the streets overnight.
Bigger and bigger government is the ONLY answer. Anyone who says no is a racist and wants to starve kids.
From the Washington Post - Officials say they lacked authority over pharmacy involved in meningitis outbreak:
“Federal and Massachusetts officials said Thursday that they lacked clear authority to take action earlier against a now shuttered specialty pharmacy that set off safety alarms at least six years ago and is now at the center of a burgeoning meningitis outbreak.
In a teleconference with reporters, the officials described a murky, archaic regulatory apparatus that hampered their ability to keep pace with the rapid changes in compounding pharmacies.
In 1997, legislation was enacted spelling out the roles of state and federal governments in regulating compounding pharmacies. But the federal role faced court challenges. As a result, it’s “a murky area,” former FDA commissioner David A. Kessler said.”
Really?
There is not ONE law or regulation that says you can NOT produce a product that WILL KILL PEOPLE.
Or maybe it is bureaucrats looking for cover for not doing their jobs.
“…..the Federal role faced court challenges…..”
Anyone want to place any bets on who was challenging Federal regulation?
Want to know why the regulation book is so thick? It’s because of the thousands of loopholes that allowed people to escape fines/jail sentences for selling crappy products.
It’s a Win-win for Republicans/business…….Create and exploit the loopholes, then when the loopholes are exploited, and the public gets robbed/poisoned/killed, complain about “over-regulation” and “out of control government” when the loopholes are closed
So you decry generalization by generalizing?
You’re a logical fallacy with legs.
You’re a logical fallacy with legs.
I have to say, I haven’t heard that one before…
lmao……
What’s odd is that he’s spot on with housing yet commits credibility suicide by using the worn out lame irrationality of the duopoly.
It takes a long time to really extricate yourself from the matrix mindset. I’m still working on it.
“It takes a long time to really extricate yourself from the matrix mindset.”
Still have to keep an eye on the communists and the islamists, they kill real people.
But sometimes they’re just a mirage used to keep you voting against something by voting for the machine-provided alternative rather than voting for a real alternative to the machine itself.
“It takes a long time to really extricate yourself from the matrix mindset.”
It helps to have an IQ above 100 (and fortunately I do!)…
Dead people from willfull negligence is not a political issue. It’s manslaughter.
Response to the Food Safety article above .
Now when you start talking about lack of regulation in the food industry you talking about people getting killed ,as well with Big Pharma .
The Rep’s are big on the idea of self regulation in Industries ,and we know how that turned out with the finance industry .Look what is happening with the break down in other industries ,especially the food industry .
Now the BIg Business food Industry wants to throw GMO foods at you and not label them when they haven’t proven that GMO foods are safe and don’t have long term effects . In Europe GMO foods are labled ,but Americans are not suppose to be able to make choices .Profits over people is the highest goal of a industrial complex take over of big monopoly Corporations .
Regulatory agencies start to serve Big Business rather than
serve the people ,just like what happens with the Politicians who end up getting bribed . Money does talk ,but it shouldn’t .
Big Government isn’t the problem as much as BIG MONOPOLY
CORPORATIONS . Profits over people is their motto . This is what we have to fear today along with a Military complex that could get us into a unwanted war .
This country has been going broke since the day is was founded. (twice within the first 50 years) It makes for a good dog and pony show while the bankers kick us all to the curb.
This country has been going broke since the day is was founded.
How many empires have fallen over the centuries? Why would the US be any different?
Look at population dynamics of species or the laws of thermodynamics and they all point to similar conclusions (albeit in different sciences): infinite growth is an impossibility, whether it be for populations, motion and energy, or economies and empires.
“How many empires have fallen over the centuries? Why would the US be any different? ”
Exactly.
zfacts.com
See who is responsible for the debt.
Even in good times 2b’s party ran up the debt.
Remember Deficits don’t matter Cheney.
Remember “To the victor goes the spoils” Newt
Remember balanced budgets under a Republican congress?
Remember the insane $250 billion yearly deficits of the Bush era? Now they are the “good old days” under the obama $1 Trillion deficits.
Gee, this is fun.
But I have asked this question before. There are some serious budget cutters and deficit hawks in the Republican party. Not a majority but at least they exist. At least there is some hope.
Where are the same in the Democrat Party? Name me a few of them? I do not know of ONE on a Federal Level (White House, Congress or Senate).
http://www.businessinsider.com/who-increased-the-debt-2012-9
It’s amazing. We can take a deep look at any problem facing this country and when you refine it down, you can blame every ill facing this country on either R’s or D’s. Amazing!
A really interesting conversation might include discussing solutions to problems, instead of sitting idly and pointing fingers at everyone else. Unfortunately, this is beyond the capabilities of our political class and consequently why what is coming is inexorable.
It IS there fault. They, after all, ARE THE representatives with the authority, not you or I.
This isn’t a democracy. It’s a republic and it’s their responsibility to make the right decisions.
Of course, an illiterate populace who elects (and re-elects) them doesn’t help either.
At this point it should be clear to you; whether you re-elect one guy or bring in someone new, your results are the same. This is in large part due to campaign financing rules and special interest. At some point, enough people will catch on and realize the only way they will get real, meaningful change is by changing it themselves.
Remember that moxg of the recent deficits are due to
1. Cost of tax cuts
2. Costs of war
3. Costs of medicare prescription drug plan
4. Costs of collapsing credit bubble
All of these things formed well before 2008.
I would disagree with you (cough - entitlements - cough) but let us say you are correct.
Please name the specific things obama and the democrats have done to fix it.
Four years in power. Super majority in the house. Filibuster proof senate.
What have they done to fix “All of these things formed well before 2008″
“Four years in power. Super majority in the house. Filibuster proof senate”
For a few months. You don’t help your case when you exaggerate.
End italics
By admission of Obama’s own guys, approximately $5T was either Obama Policies or related to the economic downturn…so, what was it that started this credit bubble driven mess?
I’d point to 2 things:
1. The push for everyone to have “home ownership” (both D and R responsibility); and
2. The repeal of Glass-Steagall (under Clinton).
http://nvrdc.wordpress.com/2012/10/02/james-kvaal-romneys-misleading-claims-on-the-national-debt/
And H2bH, Obama didn’t have “a few months” in complete power. He had 2 years with complete power, and it was enough time to push through his healthcare plan and Dodd Frank. Both of which have added uncertainty to an already uncertain world.
There. Was. NEVER. A. Supermajority.
And YOU are a pathological liar.
I didn’t say supermajority.
I said he had complete power, which you may quibble with my word “complete”.
It sure seemed “complete” when he pushed through healthcare.
“And YOU are a pathological liar.”
Told ya.
For 2banana, Republicans always get the credit. Democrats always get the blame.
Socks puppets are like that.
“progressives,” a.k.a, Democrats
If I see that “progressives” label in print again, I’m gonna hurl. (Hurry up, Nick — I’m giving you a golden opportunity…)
” in the case of Medicare, they will do what many of them already have stated they want to do—nationalize it.”
Isn’t Medicare already nationalized?
Ok - the VP debate last night.
Biden was rude, bullying and annoying. How many times did he interrupt or laugh out-loud? We all know people like Biden. And we avoid talking to people like Biden.
Biden tired to pin the deficits on “two wars put on the national credit card by Bush” except Biden VOTED FOR BOTH OF THESE WARS. You can’t have it both ways.
Biden believes that life “begins at conception”, but won’t “force” his views on others. So he believes that the unborn child is a human person, but doesn’t lift a finger to protect them from being ripped apart limb from limb. Huh?
Ryan was pretty cool and collective. I wished he said more on cutting the deficit and to stop bailing out wall street. He acted much more professional and cohesive.
VP debates usually don’t change many minds. The one thing everyone silently thinks is that one of these men is a heart beat away from being president.
“I wished he said more on cutting the deficit and to stop bailing out wall street.”
Wish in one hand…
Seriously, you were expecting Ryan to say something about deficit cutting and bailing out Wall Street? Really?
Well, I knew for SURE, that Biden was not going to talk about it.
In fact, Biden BRAGGED about the Stimulus. That it saved us! That he wished he could do more (spending) if only those wacky republicans would get out of the way.
2b
The stimulus didn’t go to banks you are thinking about TARP.
Certainly you can’t deny that the stimulus created jobs and economic activity. And certainly you can’t deny that US interest rates remain very very low. So what’s your point.
Spending nearly $1 Trillion of BORROWED money did create some jobs.
Now pay the money back.
Oh wait - we can’t - without going into a depression.
Great logic and plan.
Now we either have to default or inflate.
Great logic and plan.
And people will wonder how we ended up like Greece.
“Oh wait - we can’t - without going into a depression.”
Well, maybe we could look the other way and encourage banks to make shady loans so that the plebes make money and can pay it back like we did when I got my $300 in the 2000s.
But I agree, at least those guys had a comprehensive plan to cover their shell game.
“Biden……rude……”
Pot, meet kettle.
Pay it back
Step 1 repeal tax cuts for elite. Flat tax for everything over 1 million a year at 40%.
Step 2 Socialize medicine and spend 3500 a year per patient vs 7000 plus like we do in the US. We really don’t need insurance execs making 100,000,000 a year.
Step 3 Roll back the war machine
Step 4 Tax energy do away with payroll taxes. Make labor cheaper and energy more expensive. We need to use more of the one and less of the later.
Step 5 Stop farm subsidies for anyone with income above 1,000,000 who does not live and work on the farm Cap them to small farm size.
Step 6 Do away with carried interest tax deductions.
Step 7 Do away with depreciation of oil that sits underground and other tax gifts to big oil.
That would get us a long way to where we need to be.
Step 3 Roll back the war machine
Big time. I’m simply astonished at how bloodthirsty a good number of my acquaintances are. They are all in for a war with Eye-ran.
Wow - grow government and tax and tax and tax.
Why have we not tried this before????
You are a genius!!!!!!
Yes because we all know that further concentration of wealth and reducing the population to abject poverty will fix the problem.
“Wow - grow government and tax and tax and tax.”
Your recto-cranial-inversion must have prevented you from seeing:
Cut back the military (cut costs)
Cut medical costs
Streamline the tax bureaucracy (cut costs)
End corporate farm subsidizes (cut costs)
…and bascially CUT COSTS.
Now fetch me another drink, cabana boy.
“Biden……rude……”
Pot, meet kettle.
Are the Republicants a bunch of pussies? Why are they constantly licking their wounds over mere political flesh wounds?
“Wow - grow government and tax and tax and tax.
Why have we not tried this before????
You are a genius!!!!!!”
Republicant game plan:
1) Claim to repudiate taxes.
2) Replace The Bernanke with The Hubbard.
3) Encourage The Hubbard to run the printing press amok in lieu of legitimate (above board) taxation.
My nomination for best comment of the day!
BwaHahahahahaahahhahahahahahaaAhahahaaaaaaaaaaaaaaAAAAAAAAAAAAAAAAAAAAAAA!!!!!
Rude? American politics is a time-honored blood sport and the VP debate is its showcase event. We’re SUPPOSED to cringe at the performances, recoil in disgust, and crow in the aftermath, you ninny. Otherwise we’d take it out on our fellow citizens. Biden and Ryan are simply our avitars.
Can’t wait to see the professorial Uncle Rocky take on the Mittster now that he knows what the Murkin public REALLY wants out of him. Thoughtful responses? Gentlemanly sportsmanship? Pah! Bring on the fisticuffs. Better yet, let’s see Michelle and Annie have at it in a mudpit with Jerry Lawler calling the action.
“Biden and Ryan are simply our avitars.”
Beautifully spoken!
I liked how Biden got him on the stimulus money though.
I also liked Ryan’s comeback on the 47% comment.
I thought it was a wash. Ryan held the line and Biden remains a fool.
“Biden remains a fool.”
LOL, my first exposure to Biden was during the Clarence Thomas-Anita Hill SCOTUS confirmation dust-up. Now THERE was a moment, lmao.
Well, for all the noise about how Ryan was going to bring math and numbers and stuff and mop the floor with Biden, I’d say it wasn’t a wash at all. Calling Biden “rude” is a bit of a red-herring.
IMO, objective eyes would say (like what he said or not) that Romney handily won the first debate. And objective eyes would say (like what he said or not) the same for Biden in this one.
I respect Ryan, but he didn’t come off well last night particularly when caught with his hands in the “I hate stimulus but yes I asked for some” cookie jar among others.
I dont know what it is with these pro life people…we need to make abortion FREE and encourage it Why do you want to make thing worse?
Its poor people that have 4 kids by 4 different baby daddies, its poor people that wont have an abortion to keep them from being in the Free S$it army….Why aren’t churches paying to take care of these people instead of spending Millions on new churches?….Oh unless you believe in jeezus we wont help you….
Why do pro lifers want more criminals being born…very few, very few of these people will ever send their kids to an ivy league school.
So pro lifers quit complaining about taxes and crime….you are the cause of them increasing.
Just cut off the money.
As long as you pay people to produce bastards, the bastard army will continue to grow.
Spook my plan is to force them into English and Math classes 25 hours a week..for their EBT card…..1/2 will quit the first month
Just cutting people off is cruel…forcing them to make a personal choice to be ghetto or not….is tough love.
Its not cruel.
In the ghetto, a black person is never more than 3000 feet from a church.
These churchs are ready and willing to help people who need help. They can also teach these tramps and Wh–es to close their GD legs and respect themselves.
Or better yet, its never too late to convert to Islam.
Ain’t nobody bailin my black a$$ out?
Where is my free sh-t?
(((shakin my head)))
“Spook my plan is to force them into English and Math classes 25 hours a week..for their EBT card…..1/2 will quit the first month”
What about those who already know English and math? Not everyone who has an EBT card is uneducated. It would be a waste of money to teach those who already have the skills you propose to teach. And they would not be able to look for work while sitting in a useless class.
Most of your ideas are half baked and rooted in stereotypes defined by your NYC experience.
“They can also teach these tramps and Wh–es to close their GD legs and respect themselves.”
So men have no responsibility to control their behavior?
A womans agency is through her manipulation of men; either directly through her sexuality/fertility or indirectly through feminism/the state…
You broke the patriarchy, you clean up the mess.
either directly through her sexuality/fertility or indirectly through feminism/the state…
So true. Who needs a man if you are married to the state?
Then they go right into job training or a job that fits their resume…
If you are an Unemployed paralegal you work 20 hours at the public defenders office not in the parks dept picking up trash…..
———-What about those who already know English and math? Not everyone who has an EBT card is uneducated.
This one’s for Big V–
What patriarchy? I’m so sick of listening to penis people whine about their waning “superiority” in the face of intellectual reality. It’s sort of like those white supremacists clinging desperately to their guns and their religion as the real world goes on around and past them.
Technology has rendered you unnecessary. Maybe we’ll keep a few of you around for amusement, but face it, that’s all you are at this point. BWA TEEE HEEE HEEEEE
Technology has rendered you unnecessary.
It’ll be amusing to watch that line of thought crumble when it inevitably does…except that it’ll be so painful for all of us. Men will be quite valuable when TSHTF. Which is maybe why some men are so drawn to those scenarios. But yeah, I gotta admit, not so valuable on average right now…except maybe for being able to raise less-feral sons.
Are you saying that wimmins can’t shoot fer sheet, rustle horses, brew bio-fuels, barter for food, reload cartridges, build a shelter, dig a well, tack up some solar panels, defend the family ’shine? ‘Cause’n you’d be wrong, son.
But like I said, you guys can be great for laffs.
Hugs,
a
“This one’s for Big V–”
Where is she? Been missing her posts…
Are you saying that wimmins can’t shoot fer sheet, rustle horses, brew bio-fuels, barter for food, reload cartridges, build a shelter, dig a well, tack up some solar panels, defend the family ’shine? ‘Cause’n you’d be wrong, son.
You’ll still find men valuable in spite of all that. Even if you can do anything, you can’t do everything. Sometimes you need someone who is good at the hard dirty stuff AND is biologically more expendable.
There’s a place called the third world that you need to visit Spook. Poverty and a Huge army of babies being born everyday.
Free Birthcontrol is a no brainer for the tax payer and should be a no brainer for those who say they are against abortion. This kind of data shows that they are not concerned about the fetus just imposing their morals on others and keeping women barefoot and preg in the kitchen.
Oh an of course they are interested in it to get people to vote against their own economic interests.
But we need kids and more kids so that we can kick the can even more.
Of the Anchor Baby variety since Whitey isn’t breeding.
I did what I could…
Neither candidate wants to change a thing - it was just a question of who would sell out his church’s teachings more blatantly. And of course, the older pol obliged.
The moderator deliberately threw that in as a wedge issue, knowing Ryan would take the bait. But nobody really cares.
“So he believes that the unborn child is a human person, but doesn’t lift a finger to protect them from being ripped apart limb from limb. Huh?”
When one invokes sanctimonious junk like this, all credibility is lost.
PW,
And you visualize the act of abortion, “being ripped apart limb from limb” and act sanctimonious yourself. He is speaking about a tough subject in a national forum before millions of people. What more do you expect him to do?
Why not go back to your real name? We all know who you are.
Lip
Does this username ease your anxiety?
Realtors Are Liars® was better.
Or this one?
But which is the real one? Or were there 6 others using the same name? I really don’t know.
Well….. we used this name too back in 2005.
Will the real ? please stand up.
Is Exeter = RAL, PW?
Man, you used to be a hardcore Dem not long ago. What happened?
An epiphany? The realization the office of the presidency is accountable to someone beside U.S. Citizens? The discovery of the truth that the legislative branch is nothing more than a bribery machine? The reality that the left/right bull$hit posted here and on every media outlet is a means to distract from the scam that is Federal Reserve Moneychangers?
Can you not see these truths??
A blastocyst is no more a baby to be “torn limb from limb” than is the tooth pulp of a root canal– which is also theoretically capable of becoming a human being.
You don’t have a uterus, you don’t get a vote. So STFU, thanks.
“You don’t have a uterus, you don’t get a vote. So STFU, thanks.”
You’re right. I don’t have either. And I’ll be happy to STFU about my wifes uterus. Why? Because I don’t have a uterus.
Real Clear Politics Topic Headings Split
Many journalists thought Biden won and just as many thought Ryan won.
Which one attracted more independents to their side???
“Cool and collective” eh? Nice.
Funny how last week you told us the same behavior in the Republican candidate was “decisive….”
JOBS! JOBS! JOBS!
Two stories from the Denver Post:
Vestas Wind Systems trims about 200 more Colorado jobs
“Wind turbine manufacturer Vestas Wind Systems made its largest Colorado job cut Thursday, laying off about 200 workers at its Windsor blade plant.
The cuts represent about 29 percent of the plant’s workforce. Vestas had also laid off workers at plants in Brighton and Pueblo.
Vestas cited a decrease in wind turbine orders stemming from the looming December expiration of a federal tax credit on electricity generated from wind.”
Dish hiring 430 employees at customer service centers in Denver area
“The company said it is hiring 350 service representatives in Thornton and Littleton and 80 customer resolution specialists in Littleton.
Dish said customer service representatives can earn $11 an hour and customer resolution specialists can earn $13.10 an hour, plus up to a 35 percent bonus potential.”
They’ll be snapping up houses by the barrel-full on those wages, LOLZ!
When you base your entire business plan on a massive federal subsidy - you eventually go bankrupt.
And yes - there are MANY other industries based on the same model.
Vestas cited a decrease in wind turbine orders stemming from the looming December expiration of a federal tax credit on electricity generated from wind.
What’s taking the defense industry so long?
Because they are such a pro lifers…them gosta kill some brown people.
You are on a roll today!
Killin’ brown peoples is different than killiin’ a fetus. Get yo’ facts straight!
And how much is big oil subsidized
W massive tax breaks that allow Exxon to pay no taxes. W massive military protection. W Federal Land leases for pennies on the dollar. W US geologic survey benefits. W pollution left for others to deal with.
W has been gone for 4 years.
Now what is your excuse for obama?
Super majority in the house. Filibuster proof senate. The most liberal President we have ever had.
And all you got was obamacare, islamic extremists taking over the middle east, a dead ambassador and a bailout of the UAW.
Four more years! Four more years!
You don’t fix 8 years of disaster is 4 years.
It’s always easier to destroy something than to build it.
And let’s not forget that for the first 2 years, Obama had NO control over the budget. The budget that was finalized by… Bush.
Now, about the 7.8% UE, record corporate and Wall St profits, troops withdrawal from Iraq and Afghanistan, and 13,000 DOW…
‘about the 7.8% UE, record corporate and Wall St profits, troops withdrawal from Iraq and Afghanistan, and 13,000 DOW’
You mean the 20% real unemployment? The current Commander in Chief is sending more troops into Iraq as I type. (I bet most of you reading this don’t know that. Interesting in itself, isn’t it?) And last I heard there is still a war in Afghanistan.
Most S&P corps are reporting lower earnings, and we’re headed back into recession. But you’re right, Goldman Sachs and JP Morgan are doing great selling mortgage debt, without taking any risk either.
I wonder if the record number of poor in the US have any Dow stocks?
Tax cuts are an article of faith for the Republicans.
Protecting and nurturing the financial sector at all costs is an article of faith for the Fed and the Treasury department.
You don’t fix 8 years of disaster is 4 years.
Fair enough. Would you estimate from our current trajectory that it will be fixed in 8? I would not. But at the same time I question Romney’s ability to improve it. It may be impossible to improve without taking on the system that has brought both of them to this point…
The real problems are
1. Loss of jobs and earning power to technology and overseas slave labor.
2. Deflation of the credit bubble 20 years in the making.
Tell us wise ones how these things can be corrected in 4 years. You are lying to yourself if you think it can be done. We have a couple decades of deflationary forces if Japan’s history is an example. Growth has to rise more to offset job losses due to technology. It isn’t possible.
Tell us which of the candidates is more likely to wind down our wars and go after WS.
1. The guy who says he wants to ramp up military spending and says we aren’t aggressive enough and the guy who made his living on WS and has to get elected again.
vs
2. The guy who has wound down military operations and won’t have to be re elected. (I’ll admit he’s been too soft on WS to date)
Stop drinking the liberal kool-aid.
2. The guy who has wound down military operations and won’t have to be re elected. (I’ll admit he’s been too soft on WS to date)
Obama wound down the war EXACTLY as planned under Bush.
Obama added 30,000 troops to Afghanistan ALL BY HIMSELF.
And Obama decided to kill American without trial ALL BY HIMSELF with his very OWN KILL LIST.
But he won the Nobel Peace Prize!
————–
All US Forces were mandated to withdraw from Iraqi territory by 31 December 2011 under the terms of a bilateral agreement signed in 2008 by President Bush.
http://en.wikipedia.org/wiki/Withdrawal_of_U.S._troops_from_Iraq
—————————
Obama’s surge in Afghanistan ends
Defense Secretary Leon Panetta said today that 33,000 troops have been withdrawn,
http://www.usatoday.com/story/theoval/2012/09/21/obamas-surge-in-afghanistan-ends/1584647/
————————–
“You mean the 20% real unemployment?”
The U6? OK. No problem. That number was +/-24% under Bush.
Next?
Actually, that hyperbole.
Here’s the numbers:
http://www.csmonitor.com/Business/Paper-Economy/2012/0203/Unemployment-rate-drops-to-8.3-percent
Based on all of the angst over the upcoming fiscal cliff, I see no political will anywhere for cutting the deficit.
‘Tell us wise ones how these things can be corrected in 4 years’
Step one: stop digging. We’ve got four more years of digging to undo.
“The current Commander in Chief is sending more troops into Iraq as I type. (I bet most of you reading this don’t know that. Interesting in itself, isn’t it?)”
True dat. Which MSM news source divulges such info?
“Stop drinking the liberal kool-aid.”
And fawk your liberal name calling. Who pays you to post your conservative papa gander drivel here, anyways?
You gotta pay for that shiny new NW Portland headquarters somehow!
I mean, other than the city coughing up subsidies to renovate a building for them in the highest rent district in town…while many other sites languish vacant around town in areas that could surely use the pass-through business.
Librul commie talk!
That’s his forte. Serves it up here night and day!
From the WSJ - Younger Chinese Get Feel For Debt:
“Consumption loans in China, including mortgages, advances on credit cards, and car and consumer loans, totalled 8.5 trillion yuan ($1.35 trillion) last year, up nearly 27% from 2010, according to data from Boston Consulting Group. Credit card lending rose 81% to 813 billion yuan, while consumer loans rose 17% to 232 billion yuan. Meanwhile, the number of credit cards issued in China rose 24% last year to 285 million, according to the China Banking Association.
Long a nation that preferred cash to credit cards, China is taking on an increasing amount of debt and opening its market to more lenders.
Financial industry participants say younger people these days are more willing to spend and to take on debt.”
Game over. The bankers have won. Now they too can experience the joys of Corporate Communist Capitalism. (instead of communist corporate capitalism)
No Banker left behind!
It’s GOOD to be the Banksta!
It’s GOOD to be the Banksta!
From Bloomberg:
“Charges against William Bryan Jennings, the Morgan Stanley U.S. bond underwriting chief accused of stabbing a New York cab driver over a fare, will be dropped, according to Connecticut police.
Jennings was accused of attacking the driver, Mohamed Ammar, on Dec. 22 with a 2 1/2 inch blade after a 40 mile ride from New York to the banker’s home in Darien.”
I wonder how much he paid?
The bigger questions is was he on bath salt? May be he’s just too rich for that kind of stuff.
Indeed it is good to be the Banksta. Thus speaketh that troublemaker, David Dayen:
Housing Has “Turned the Corner” – For Banks
Key point, with boldface added by Yours Truly:
[L]et’s focus on this claim that housing “turned the corner.” When a banker says that, he’s very specifically talking about how housing works for banks, not how housing works for the public as a whole. JPMorgan Chase originated $47 billion in home loans and refinancing in the quarter, an increase of 29% year-over-year. Mortgage unit earnings climbed 57%. That’s about depressed interest rates for mortgages and funneling into refinancing, both of which generates large profits for banks. Refinancing creates pure profit in closing fees, and on underwater loans through HAMP 2.0, as the lack of competition means banks can charge artificially higher interest rates to borrowers with nowhere else to turn. On mortgage purchases, the spread between the cost banks charge to borrowers and the cost banks pay to sell to the secondary market is now so high, profits on the average mortgage has hit a record.
No banker left behind!
Slightly off-topic…
Anyone listen to NPR this morning? Heard an interesting bit on scientists having come up with a way to test whether our reality is in fact a simulation (think The Matrix). Anyone experience deja vu recently? No worries… it’s just a glitch.
I know wearing a tin foil hat is really a stupid idea, but I also know that wearing it will prevent THEM from controlling my thoughts.
Come to think of it I did see a black cat with a weird stutter step yesterday…
I’m mortally afraid of black cats. We have a large feral black cat who hangs around work looking for unsuspecting wabbits…I always shudder when I see it on the prowl.
It’s deja vu all over again!
- Yogi Bera
The concept is related to the philosophical school known as “solipsism.”
http://en.wikipedia.org/wiki/Solipsism
Speaking of off-topic, thank you for the Gunz advice last week. We are going to the Tanner Gun Show in Denver this weekend to equip the rest of the Wolverines for a real life re-enactment of critically acclaimed film Red Dawn.
Why can’t they cut Military spending .I just don’t get that one . After 10 years of war isn’t this enough with screwing with religions we can’t change .Now this talk about the USA being THIRD WORLD WAR ready because IRAN might get the BIG BOMB in four or five years .
You have to ask what is the Military protecting these days and is that
really a valid policy overall . Can we really afford to be the big Military power on the block ?
They will cut military spending. It will not be enough.
Entitlement spending is 55% of the federal budget and growing
Defense spending is 19% of the federal budget and stable/shirking
Interest on the debt is 6% and growing
The Federal Government borrows 40 cents of every dollar it spends.
http://en.wikipedia.org/wiki/United_States_federal_budget
Forget the budget. Why not proactively cut military further? How about we at least try it? Pull every last person out of the ME (and then Germany and Italy and Japan). Let’s just see if, after doing so, they still “hate us for our freedoms.”
What I want to know with all our bases how many countries are paying for us to be there? We could put our troops on the mehikan border and at least their paychecks will be spent at home…helping our economy….right?
all your base are belong to us.
9000?!
I ran that idea past my border-patrolling, hater-of-spending-since-January-2009, friend about 6 months ago. For some reason that escapes me he wasn’t on board…
Okay, I’m being cheeky. He’s just fine with government spending money on him and his well-being…and then continuing to do so after he retires with full benefits at the age of 50.
Why can’t they cut Military spending
Cuz some people are making bank on it? Duh!
FYI, our contractor is hiring. JOBS! JOBS! JOBS!
what kind of jobs ….truck drivers?
On a related note: In last night’s debate, Paul Ryan took flak on his answers realated to Afghanistan and the timeline set for withdrawal in 2014. Ryan stated that he had a problem with removing the surge troops prior to snows setting in, which I don’t think many understood.
In my opinion, what he was trying to say was that we are putting the remainder of the guys on the ground at greater risk because the mission doesn’t change without the surge troops there. Biden made the statement that the Afghanis are supposed to jump in and take over. I could tell that Ryan bit his tongue to stop from telling the American viewers the truth about that situation.
http://www.michaelyon-online.com/stuck-in-the-mud/page-2.htm
Read these two letters included in Michael Yon’s latest dispatch. Further, if you want to know what is really happening there, read more of his dispatches.
Our tax dollars at work.
Beyond disgraceful.
Yahoo Finance Headline
2 Debates and No Mention of the Fed: How Is that Possible?
I didn’t watch debates and I don’t plan to watch any of them. This is very curious, isn’t it? Nobody talked about the Fed in 3 or 4 hours of political debates. What happened to RMoney? He was talking tough not long ago…..IMO campaigning against the Fed is sure winner for him.
Hmmmm….
It’s not on the list of approved topics?
The moderator was a friend of obama?
Obama did attend her wedding.
Obama wasn’t even born when Kate and Jim got married.
hehehe……
Got a call from a job placement company yesterday…….seems that my resume floated across their desk.
The job? Customer Service Rep, traveling to local doctor’s offices, hospitals and clinics to fix medical devices. They need someone who knows how to troubleshoot and fix electronics, hydraulics and mechanical systems, or all of the above. Needs to have “customer service skills”, as you will be dealing with customers. Travel is of course, mandatory. Didn’t say if you got a company vehicle, or if you had to drive yourself.
Starting pay? $20K a year. Plus a 401K, if you can manage somehow to set aside some of your SNAP money.
Wait a minute. You’re an aircraft guy. Engines and power systems, right?
WTF is this job placement outfit thinking? That medical devices can take off and fly? And land successfully?
The basic skill set is the same, or close to it.
Lots of A&Ps are working in industries other than aviation. The railroads and medical fields are just two of them. Anything using digital/analog electronics to controll or monitor mechanical, hydraulic, or pneumatic devices.
This shows desperation and incompetence on the part of the job placement company.
Job placement companies aren’t known for their brilliance.
No, it clearly demonstrates that the race to the bottom is in full swing! They are trolling for bottom-feeders, people who are so desperate for work that they will take anything no matter how little the pay (for a position that requires advanced technical skills). And when they do find somebody, this “resets the comps,” so to speak, and further justifies and empowers the PTB that they have found another ingenious way to cut costs.
I have seen this over and over again over the past few years. We no longer seem to place any value on technical skills (with few exceptions such as the still-hot software development arena) or good craftsmanship and everything is about minimizing (initial) cost. Auto mechanics are in the same boat - they are expected to work on today’s highly-sophisticated cars for not more than a first-line manager at a fast food restaurant gets.
That’s a good observation, redmondjp. I think you have nailed it.
I love how the “free market” never seems to work for labor.
The Masters of the Universe somehow have it stuck in their minds that one J6P is just like the other, and none of them are worth more than $12/hour. So that’s the number they use to do their budgets.
And if they can’t get help hired at their budget number, do they reevaluate their budget? Nope, they start whining stuff like “shortage of trained workers”, and lobby the government to flood the market with trained workers, or bring in more H-1Bs.
Or they work the loopholes to lower the qualification/skill standards.
By your OWN definition - the free market would work except for massive government intervention.
Where have I seen that before?
You hate government interference, except when it is of benefit to the “producers”.
The “producers” are even more socialist that the wretched refuse, when you compare dollars to dollars.
Someone took me to task yesterday, saying I’m giving Solyndra a pass, since none of the banksters have been put in jail.
All I’m saying is that in the bigger scheme of things, Solyndra is a rounding error. And that if you take care of the “big problems” like the Wall Street/Bankster class criminals, the “little problems” like solyndra tend to take care of themselves…..assuming of course that there was something criminal going on at Solyndra.
Making a big deal out of Solyndra, as the Republicans are dedicated to doing, is like writing parking tickets to cab drivers, while the Bankster class is hauling off all of the gold in Fort Knox.
Small corruption schemes are OK with you but big ones are not.
“To blame the poor for subsisting on welfare has no justice unless we are also willing to judge every rich member of society by how productive he or she is. Taken individual by individual, it is likely that there’s more idleness and abuse of government favors among the economically privileged than among the ranks of the disadvantaged.” -Norman Mailer, author (1923-2007)
Lets’ start with the big corruption, and work our way down the list.
If Hi-Z were in charge of my current project……
“Lets see, we can work either the major structural repair on the cabin, the airframe corrosion issues, and landing gear 72 month inspection, or we can have six people cleaning Coke out of seat tracks, and service the toilet……..”
Look,food stamps are a supplement for business so they can pay lower wages . Not enforcing our borders was a supplement for business so they could get cheap illegal labor and pass the welfare/health costs on to the Government . Medicare was a supplement to the Big
medical Insurance Companies so Big Insurance business didn’t have to pay for older people’s claims ( they refused to insure older people like they were refusing pre-existing conditions ) . So many of the so-called welfare acts has been so BIG BUSINESS could make more profit . In fact BIG BUSINESS really likes a lot of these welfare programs . Big Pharma has had a field day with the Government paying for retail Pharma cost ,to the point that the increase in
prescriptions written is becoming questionable .
So ,one has to look to what entities really benefit from any Government programs . The Financial Industry is being bailed out and propped up ,and Government is trying to
prop up real estate ,or they are getting the losses dumped on them. The Feds no doubt are working for the financial
industry that messed up the financial markets with unsustainable debt ( that benefited business ) and their
Fraudlent lending and securities rating Ponzi scheme .
So they give some welfare to welfare queens and a large
part goes back immediately into the cash flow that benefits business . I don’t agree with these welfare programs that encourage people having more kids and
this has backfired .
But ,is the issue that we no longer have jobs for about 70 million people now ,and they will never come back ,and giving tax breaks to the rich aren’t going to bring those jobs back either ? Every Country seems to be having the problem of high unemployment rates .Without changing whatever systems brought all this job loss ,how can the
economy be healed ? What about the prices of things not
tracking with wages ? How many people in our population
are going to be thrown under the bus in favor of the NEW WORLD ORDER ? Recent history is showing where the profits and money flows are going ,and it aint increasing the wealth of the majority popultion working stiff who can’t really afford the medical costs anymore ,or real estate ,or many other costs . The luxury market is doing good and that shows you who is getting the money .
Maybe you should take out $50K of student loans and go back to school to retrain for the Jobs Of The Future.
Or start your own Candle Shop. Or Pirate Store.
Quit bellyaching and get bootstrapping already.
(smacks head with open palm)
Damn! Good idea!
Better yet, go back and get an MBA, so I can manage my Pirate Candle shop.
Pirate Shop + Candle Shop = Synergy, baby…..
Better yet…….open a chain of “Bootstrap” shops, if Romney is elected.
Hey, I started that meme on this blog. You aren’t quite there.
It is, “Ye Olde Candle Shoppe and Pirate Emporium.”
Thank you, and “Arrhh.”
who gets the booty?
“arrrhhh”
You could sell bootstrap extenders that will make it easier to walk upright while pulling.
Starting pay? $20K a year.
This is why I laugh at people who think life is SO much better in flyover country. The people on the coasts don’t have a CLUE of how low pay is in flyover.
Of course they do. Outside of few pockets of areas, incomes are lower everywhere.
The Manhattan ZIP Code 10021, on the Upper East Side is home to more than 100,000 people and has a per capita income of over $90,000.[124] It is one of the largest concentrations of extreme wealth in the United States. Most Manhattan neighborhoods are not as wealthy. The median income for a household in the county was $47,030, and the median income for a family was $50,229. Males had a median income of $51,856 versus $45,712 for females. The per capita income for the county was $42,922. About 17.6% of families and 20% of the population were below the poverty line, including 31.8% of those under age 18 and 18.9% of those age 65 or over.[125]
20K?
HAHAHAHAHAHAHAHAHAHAHAHAHAAHAHAHA
I sincerely hope you had suitable retort. Something at least involving donkeys and their mothers.
I’d like to see a Payroll-to-Population and a Payroll-to-Workforce number in order to gauge the status of unemployment.
Likewise, I’d like to see an indicator which shows the level of government intervention in the housing and MBS markets. Right now, the government is the overwhelming driver of the MBS markets, which then influences the price of the asset itself.
I keep hearing, everyday, multiple times a day, the mantra that “Housing has turned the corner.” Well, without understanding how much of that activity is driven by government intervention, and how much is driven by market forces, it’s impossible to say whether housing has recovered and whether that recovery is durable.
Better yet, an “employable” population to workforce number.
From the general population, start screening by….
-High school dropouts, then
-Drug users/abusers
-Clean arrest records
-clean credit reports
-ability to get a security/TSA clearance.
-decent work history (as in track record of showing up on time, no excessive absences)
-some job aptitude
-some related job experience
-enough people skill so as to avoid pizzing off your customers.
When you start culling the herd like this, the pool of prospective job candidates starts getting smaller, quickly.
The problem is that the employee doesn’t get paid much of a premium (at least in the civilian market) for the ability to jump thru all of these hoops.
My prediction is all of the MOTU who were throwing people under the bus right and left when the job market was tight are going to have a real retention problem if the job market nationwide ever stages a recovery.
This will be made worse (IMO) if any kind of single payer health insurance program is ever enacted. If Republicans wanted to kick start new business formation (which they aren’t), that would be the first place to start. All kinds of people are tied to their current jobs, due to medical insurance considerations and pre-existing conditions. I think a lot of employers recognize that, and use it to increase “Insurance serfdom” and suppress payscales.
This will be made worse (IMO) if any kind of single payer health insurance program is ever enacted. If Republicans wanted to kick start new business formation (which they aren’t), that would be the first place to start. All kinds of people are tied to their current jobs, due to medical insurance considerations and pre-existing conditions. I think a lot of employers recognize that, and use it to increase “Insurance serfdom” and suppress payscales.
Which is why I keep saying that, when single payer comes, our National Anthem will temporarily change to “Take This Job And Shove It.” I’m especially fond of the Johnny Paycheck version.
Commie talk!
If it is ever passed, that low rumble you hear will be the sound of millions of J6Ps walking/running away from their current jobs, for greener pastures elsewhere.
Or reducing their hours, or quitting altogether…….a lot of people only work to get health insurance coverage. Or so the spouse can go off an be an entrepeneur/independent businessman.
(Which is why a bunch of small businessmen are whining about it. Those that don’t offer health insurance have been getting an indirect subsidy from the companies that do, either by hiring people that get coverage elsewhere, or by only hiring part-time workers).
Anyone who thinks the “free market” is the answer to the health insurance problem has never been over 40, looking for free market health insurance.
Anybody who think the free market is the answer to ANYTHING is a very naive moron or a liar and thief.
Hi HBBer’s!!
Curtsey~
Hubby and I are comfy on our 18 acres, postcard beautiful home here in the gorgeous Wisconsin bluffs.
We planted a 4 acre orchard fruit tree haven, built a HUGE (40 x 60) mancave, er…outbuilding, and bless my soul, adopted THREE kitty cats in the last year.
Shew!
We were looking to purchase a side-by-side duplex in Madison for the off-spring, but that’s tabled for now. Ya know, people are crazy bidding things like rentals up up up and away. Lawd.
The economy is, well, dismal in many places…as is here, but for some reason this state truly acts as if it’s different here…sound familiar? LOL.
One measurand I (admittedly anecdotal) watch amusingly when out shopping, my favorite activity, is the shopping cart phenomenon.
It’s fun, and everyone can play!!!
Look at the carts…what’s in them? Not a whole heck of a lot I’ll tell ya. (But I do my part to contribute to the CPI…wink).
I’m wondering, out loud, what kind of holiday shopping season this will be. Yes, I know, we all have too much stuff…just sayin.
Best always,
Leigh
Yes, I know, we all have too much stuff…just sayin
Preposterous! I don’t have too much stuff.
Im a wonderin 2 are people all of a sudden getting credit increase limits without even asking?
That would pile on a good stimU lose for the holidaze
Thing that make ya go hmmmm…dj!!
The Christmas stuff is out, but I don’t see much of it flying out the doors…save for what my grubby little fingers pile on!
Ben, there’s a weekend topic - seasonal shopping/hiring?
Best always,
Leigh
“…what kind of holiday shopping season this will be….”
Bird netting, and plenty of it.
You heard it here first. It’s over for the Bamster.
Lindsay Lohan Endorses RMoney.
Another reason to vote RMoney.
To stop Madonna from stripping n@ked.
Who wants to see her n@ked, seriously? On top of that, I have no more energy. I am all emptied out in Junior high when her “S3X” book came out.
What if you had a choice of madonna or rosie o’donnell?
You are evil…..You ruined my day.
And you HAD to make a decision or your mother would die…
It turns out I love my mom.
Roseanne Barr is on the presidential ballot here in Florida.
And here in CA, with Cindy Sheehan. Don’t laff, Congress certainly wouldn’t for long….
I’m highly tempted…
…and I positively LOATH Roseanne’s public persona…
Lindsay Lohan Endorses RMoney.
What about the Snooky vote?
She’s undecided leaning RMoney……
NOOOOOOOOOOOOOOOOOOOOOOO!!!!!!!!
I saw an article
2 debates and yet no discussion of FED.
Is there anydoubt who controls this country. It certainly isn’t the people.
Like I said, it’s not on the list of approved topics.
The moderator was a friend of obama. Obama attended her wedding.
Do you really think she was going to ask a question that would embarrass obama?
You really are a parrot.
Yes because BB was appointed by , oh wait?
It wasn’t discussed in the prior debate either.
Maybe that will help you get the issue.
Appoint by Bush
Reappointed by obama.
Go ahead and keep blaming Bush for obama’s inactions and mistakes.
This was hope and change???
This was yes we can???
Note to Tuban
Your armadillo helmet fell off again.
ROTFL, Gulfie. Ouch.
Having an IQ under 100 makes two-ti-fruity’s posts more palatable, I’m sure!
First rule of FED Club. Nobody talks about FED Club.
Corporations are (the) people.
When did Romney say he was getting rid of the FEDS? Wasn’t it Ron Paul that wanted to get rid of the FED and he is the one trying to expose that racket .
No, RMoney only said he would get rid of the BernaQE.
Let all the Countries that want to control Countries that have oil under them with weird religions pay their fair share to control .The USA cannot afford a Military Budget like this . In fact ,why don’t we just become energy independant ? Further, why don’t we address our need for new intrastructure here at home .
The priority has been making things good for Big Business ,which includes the Financial industry and Wall Street.
You only have to look where the money went and were the profits went ,while you observe what ended up in ruin to know what the priorities have been .
It seems like most of Europe is broke ,so why would they want War ?
I don’t think the USA people really want War if a poll was taken .
What I think is destructive is that because we have been the only Country that actually set off the BIG BOMBS in World War 2 , this set up a arms race that everybody else wanted one also . So, now we have to be the big cops of the World . So, if nobody really wants
a BIG BOMB WAR ,than everybody should pay their fair share to prevent that if that is the real issue . WE CANT AFFORD TO BE BIG
COP ANYMORE ,and the issue is in large part the oil agenda anyway
and the protection of Multi-national Corporations ,that don’t even benefit the American people anyway anymore .
Gambling and debt are very similar. Both prey on weaknesses of people, and both are very profitable for the “House”. And both have societal consequences.
Debt should be as highly regulated as gambling. Because of the societal consequences. Not because of any nanny state concerns. If I am forced to pay off my neighbor’s bad debt, I want to have some say in whether he’s allowed to take it on the first place.
What if you are not forced to pay off your neighbor’s bad debt (ie. we REALLY get rid of TBTF)?
I can see the argument that we will never avoid having government provide handouts to the people that keep them in a job, but I’m just curious if you think there is a way to minimize government involvement in financial markets.
A good first step would be to reinstate Glass-Steagall. I haven’t given enough thought to the “abolish the Fed” perspective to have an opinion as to whether that is a good second step.
http://www.cnbc.com/id/49389214
“The Federal Reserve can’t spark a recovery in the housing market by itself because mortgage rates don’t predict where home prices are going, economist Robert Shiller told CNBC’s “Squawk on the Street” on Friday.”
and
“But Shiller, a Yale professor who helped create the widely watched Case-Shiller home price index, said Fed Chairman Ben Bernanke only has one policy tool and “doesn’t have a way of changing the ‘animal spirits’” that a full-fledged housing recovery will depend on.”
Ha! Movement on the horizon. It only took four years to happen:
SYRACUSE, N.Y. — City tax officials plan to send letters next month to the owners of 3,900 tax-delinquent properties, warning them about a new program to seize such properties if the owners don’t pay up.
The letters are intended as a wake-up call to tax scofflaws who may have grown accustomed to withholding taxes without risking loss of their property. Some property owners have multiple properties with several years worth of unpaid taxes. This is the first time in a decade the city has threatened widespread property seizures to compel payment of overdue taxes.
http://www.syracuse.com/news/index.ssf/2012/10/syracuse_to_warn_city_tax_deli.html#incart_river_default
will ohbewanna stop at nothing to win?
ATF Whistleblower Fired in Denny’s Parking Lot For Exposing Corruption
http://townhall.com/tipsheet/katiepavlich/2012/10/12/atf_whistleblower_fired_in_dennys_parking_lot
Comment by nickpapageorgio
2012-10-11 21:20:26
“Mr. Potato head…The tea party is not anti-government”
http://www.teapartypatriots.org/about/
“The American people make this country great, not our government.”
LMFAO <— This
… Both our people and our government make this country great.
I was out of all my RE back in 7/2005 just because it seemed crazy how much owning a home would cost someone who was purchasing compared to rents at the time were very low. I found this blog back in 11/2005 and read almost every day up until mid 2009. I then started to purchase property (south Florida and just west of Boston. The main reason is that it was just so much cheap to own then rent (w/5% down and ins/RE taxes). I have several rentals and they treat me well.
The point I would like to make is that being negative on RE is just not in the cards at this time. Society for the most part wants to be home ownership and when that force changes fully and have the capacity of obtaining mortgages, prices will quickly move up. I agree we still have shadow inventory but most of it will not get foreclosed on and will be sold via short sales.
I’m just a small investor, but we have large investors that are grabbing these houses up. If you want to buy and can afford too it is not the time to sit on your hands as the tide has changed.
Why buy when prices and interest rates are falling? Buy later after prices crater for 65% less.
all markets are different, the markets i watch have certainly have changed, one of those markets being South Florida. Waiting for 65% less at this point just would not sound correct. Housing is not over priced based on rental value.
I can now get a 30yr fixed at 3.25%, they might go down a bit more but they have not changed much in the last 12 months only about a 1/2 percent.
“all markets are different”
Yes… the housing market is different than the stock market. Unlike stocks, houses go negative.
“…all markets are different…”
Have you read this great book?
All Real Estate is Local
Used copies available from $0.01…
‘most of it will not get foreclosed on and will be sold via short sales’
Have you tried a short sale? Having your teeth fall out one by one would be easier and takes less time. Anyway, what difference is there to supply?
‘Society for the most part wants to be home ownership’
Yeah, with 20% unemployment, record poverty, recession setting in. Society is set to buy in droves.
‘being negative on RE is just not in the cards’
The thing that gets me when someone says this; why would you want to share a good thing? Keep quiet and buy everything up before us bitter renters get wise.
‘prices will quickly move up’
Oh, I see. Never mind, carry on.
short sales are a nightmare for buyers.
Yes i’ve purchased a short sale. offer accpted by seller in 10/11 and closed on 2/12. The note was owned by B of A and was very easy process.
And your losses are just beginning.
“Yeah, with 20% unemployment, record poverty, recession setting in. Society is set to buy in droves.”
Certainly you didn’t miss the memo on the all-cash foreign investor?
“The thing that gets me when someone says this; why would you want to share a good thing? Keep quiet and buy everything up before us bitter renters get wise.”
Great deals have already ben taken Ben. Anyone who has watched this closely over the last 6 years can see the change.
I have one more property to purchase and i’m done as I have enough rentals in 3 quality markets.
BTW Ben if you can look at my e-mail address you will see my old post back then and how negative I was on housing.
M.I.T. Brainchild A123 Battery: Chinese Billionaire Buying Another Failed Obama Greentech Company American’s Lose $240M
http://www.freedumbnation.com/?p=4910&doing_wp_cron=1350091142.5895700454711914062500
Ok ,I just heard that a lot of big companies plan on cutting hours
to 28 hours a week to avoid the requirements of the HEALTH CARE ACT to provide insurance .
This is one of the problems with having a health care system that is tied to employment and private insurance companies .The employers can’t afford ,or don’t want to, provide medical insurance ,no doubt because it has gotten so expensive .So some price fixing monopolies are cracking the back of other price fixing monopolies .
So ,the health care situation was directly tied into the changing
tides with the job givers moving away from this obligation that
they provided before .
If the Government lets employers out of the Health care contribution than what are employers going to give employees in
return for them letting go of yet another benefit for employees ?
It just seems like all the monopolies want their cake and eat it to ,and either the Government or the people should pay .
When people think that Big Business doesn’t like BIG GOVERNMENT ,I think they are wrong . They like big government from the standpoint of taking care of obligations that increase their profit margins .
I am convinced that Big Business/Monopolies like Big Government from the standpoint of transfer of costs they don’t want to pay .
If we didn’t have all these government programs it would be more
clear just how much Big Business today is getting to much profit and not making enough contribution to tax revenue .
The only part about BIG GOVERNMENT that BIG BUSINESS doesn’t like is the regulation part ,they don’t like any regulations .
Regulations = reduced profits. And if a lack of regs results in severe external damage due to unregulated activities, so be it.