June 6, 2014

Bits Bucket for June 6, 2014

Post off-topic ideas, links, and Craigslist finds here.




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139 Comments »

Comment by 2banana
2014-06-06 04:39:50

I have said it before:

Conservatives are more than happy to live under the laws they want for everyone else.

Liberals/Socialists expect to be exempted/bailed out from the laws they want for everyone else.

———————————–

Surge in property tax bills spurs push to reform tax appraisal process
Austin American Statesman ^ | 6/5/14 | Lori Hawkins and Shonda Novak

On a recent evening, more than 300 homeowners who are worried about their rising property tax bills filled First Unitarian Universalist Church in North Austin for a town hall meeting. If something doesn’t change, many said, they will soon be priced out of their homes. Two nights later, a similar discussion played out in South Austin, where homeowners gathered at Grace United Methodist Church in Travis Heights to talk about what can be done to slow escalating residential tax values.

“I’m at the breaking point,” said Gretchen Gardner, an Austin artist who bought a 1930s bungalow in the Bouldin neighborhood just south of downtown in 1991 and has watched her property tax bill soar to $8,500 this year.

“It’s not because I don’t like paying taxes,” said Gardner, who attended both meetings. “I have voted for every park, every library, all the school improvements, for light rail, for anything that will make this city better. But now I can’t afford to live here anymore. I’ll protest my appraisal notice, but that’s not enough. Someone needs to step in and address the big picture.”

The arrival of this year’s appraisal notices — which in Travis County showed homes’ average market values jumped 12.6 percent and average taxable values rose 8 percent for 2014 — is sparking a push for reform. Similar jumps have occurred in Williamson and Hays counties.

Comment by FavelaTuro
2014-06-06 06:06:59

They need to close all that nonsense down, parks, light rails, libraries, so they will have more time for free concerts for the Roman Senators in DC.

There is a line in this country. On one side are those invested in the system, profiting from it, doing well and wanting to keep it all afloat. On the other side is everyone else.

What income level do you think that line is at?

What wealth level?

 
Comment by Housing CEO
2014-06-06 06:13:41

Conservatives are more than happy to live under the laws they want for everyone else.

Would you be happy to live under Afghani and Iraqi invasions of US?

Thought so.

Comment by FavelaTuro
2014-06-06 06:25:14

Could i bring right thinking Americans rather than crazy tribal peasants?

 
Comment by Michael Viking
2014-06-06 07:27:55

Would you be happy to live under Afghani and Iraqi invasions of US?

Thought so.

Can you come up with something reasonable rather than a black and white alternative that’s beyond absurd?

Thought not.

Comment by Housing CEO
2014-06-06 07:36:24

So called conservatives are whining about black and white now?

LOL

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Comment by MacBeth
2014-06-06 07:56:26

Agreed.

Concurrently, can you come up with something reasonable other than the black and white alternative below?

“I have voted for every park, every library, all the school improvements, for light rail, for anything that will make this city better. But now I can’t afford to live here anymore. I’ll protest my appraisal notice, but that’s not enough. Someone needs to step in and address the big picture.”

This is as black and white as that which you are rightfully railing against.

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Comment by Michael Viking
2014-06-06 08:11:48

I’m not sure what you’re asking this of me, but I can think of nothing other than the guy is an idiot. I distill his message down to “At every chance I got I voted to increase my taxes. Now I can’t afford my taxes. Help me!”

Doof bleibt doof, da helfen keine Pillen

 
 
 
 
Comment by oxide
2014-06-06 07:10:26

two banana,

I AGREE WITH YOU.

This expansion is ridiculous.

The original notice in the Federal Register, which includes a summary of what would be collected: https://www.federalregister.gov/articles/2014/04/16/2014-08566/privacy-act-of-1974-system-of-records

“Records in the system may include without limitation: (1) Borrower/co-borrower information (name, address, zip code, telephone numbers, date of birth, race/ethnicity, gender, language, religion, social security number, education records, military status/records, employment status/records); (2) Financial Information (account number, financial events in the last few years, life events in the last few years, other assets/wealth); (3) Mortgage Information (current balance, current monthly payment, delinquency grid, monthly payment, refinanced amount, bankruptcy information); (4) Credit card/other loan information (account type, credit amount, account balance amount, account past due amount, account minimum payment amount, account actual payment amount, account high balance amount, account charge off amount, second mortgage); (5) Household composition (single male, single female, etc., presence of children by various age categories, number of wage earners in household, household income, credit score(s) of borrower/co-borrower at origination (Vantage Score), deceased indicator, marital status); (6) Property Attributes (property type, number of bedrooms and bathrooms, square footage, lot size, year built/age of structure, units in structure, most recent assessed value (per tax roll), year of most recent assessed value, effective age of structure, assessor’s parcel number, neighborhood name, and project name); (7) Real Estate Transaction Attributes (sales price, down payment, occupancy status (own, rent), new versus existing home, county, census tract/block, latitude/longitude and date purchased); (8) Mortgage Characteristics Attributes (mortgage product and purpose, origination date, acquisition date, amount of mortgage, refinanced amount, amount of down payment, term of mortgage, interest rate of mortgage, source of mortgage/mortgage channel, mortgage insurance type, loan to value at origination, origination amount/credit limit, originator, current servicer, debt to income ratio at origination, number of borrowers, number of units in mortgage, presence of prepayment penalty, origination points paid by borrower, discount points paid by borrower, balloon payment date/amount, percent of down payment, secondary market indicator); and (9) information collected from consumers as part of surveys, randomized controlled trials, or through other mechanisms.”

In other words, everything.

Comment by oxide
2014-06-06 07:37:36

Sorry, this comment should be in the mortgage database thread. And the next comment will be in the wrong thread too.

 
 
Comment by Rental Watch
2014-06-06 09:20:15

“I have said it before:

Conservatives are more than happy to live under the laws they want for everyone else.

Liberals/Socialists expect to be exempted/bailed out from the laws they want for everyone else.”

If I were running for president, my platform would be:

“The day I take the oath of office, I will sign an executive order requiring all members of the Senate and House to do their own taxes, by hand. They must show their work.”

That should get tax reform underway…

 
Comment by Bill, Just south of Irvine
2014-06-06 19:28:21

Conservatives are more than happy to live under the laws they want for everyone else.

Many conservatives are for the war on drugs. Many conservatives are for censorship. Many conservatives are for laws against prostitution. And I sort of remember Daniel Ellsberg seemed to be the Snowden of the 70s and was hated by conservatives.

I would not want to live under Sharia / Jerry Fallwell law.

 
 
Comment by 2banana
2014-06-06 04:48:47

1. According to liberals on this board - there is no right to privacy in America. So all this is OK and fine.

2. When you do your census forms - make sure to check a minority box so you get your share of the wealth.

————————————

Why Is Obama Stockpiling Your Personal Financial Records?
Investors.com | June 5, 2014 | IBD Editorial

In an unprecedented federal intrusion, the president’s most radical financial regulators — Mel Watt of the Federal Housing Finance Agency and Richard Cordray of the Consumer Financial Protection Bureau — are creating a massive discrimination database on as many as 230 million Americans.

It will encompass a mortgage holder’s entire credit history — including credit scores and account balances — and all credit lines, from credit cards to student and car loans.

“Why are we collecting this amount of data on this many individuals?” asked GOP Rep. Randy Neugebauer of the House banking panel.

The key data that the agencies plan to collect involve “household demographics” — namely, “race/ethnicity.” The database will be used to compare the credit outcomes of minority vs. white borrowers. Any statistical disparities will be used to make “disparate impact” bias cases against private creditors in a vast redistribution scheme.

The agencies even allude to this in their proposed rule, recently posted in the Federal Register and opened to public comment for just 30 days, half the normal time.

The FHFA and CFPB explain that they’re going to use all these intimate details on families and their financial lives to “conduct research, performance modeling and examination monitoring.” They’re also going to share it with Attorney General Eric Holder, as well as state attorneys general and trial lawyers, to aid in their “investigations” of, and “litigation” against, the financial industry, which they’ve already shaken down for an estimated $100 billion since the mortgage crisis. Apparently, they’re just getting started.

Then there are the privacy concerns.

Comment by FavelaTuro
2014-06-06 06:18:15

Abortion on demand depends on the right to privacy. I’m pretty sure liberals want that.

The cops can now and always have been able to rifle through your most private of places, your underwear drawer, the drawers of the nightstand next to your bed, anywhere and everywhere in your house on a pretty low showing. The neutral magistrate is almost a rubber stamp in many places.

Phones are kind of the same as cars now. Driving on the public roads opens you up to a lot. Any cop worth his salt can LEGALLY pull you over pretty much whenever. All they need to do is follow you for about 5 minutes and you will certainly commit a traffic violation giving them that power. It has always been this way and always will be this way. The system does not work without giving the cops a huge amount of discretion.

I dont like what has happened with the modern militarization and hero worship of cops. Its all a stupid union boondoggle now.

Comment by Ben Jones
2014-06-06 06:27:24

‘It has always been this way and always will be this way’

It hasn’t “always been this way” because I can remember when it wasn’t. Get your head out of your ass and stand up to these bastards when they bully you. It’s all this “they’re all powerful, mommie help” BS that empowers these ass-holes.

Comment by FavelaTuro
2014-06-06 06:42:37

Ben,
I’m with you on the encroachment occurring and the warrantless NSA spying. But a cop could always get a warrant easily to search criminal’s homes. Nothing has changed.

I part company with people on the privacy issues. I think there are a lot of false expectations, people with things to hide, and dope smoking hippy types driving it.

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Comment by "Auntie Fed, why won't you love ME?"
2014-06-06 15:01:25

But now they can get secret warrants, or somehow justify doing it without a warrant at all. They can also break your door in unannounced and kill you. All they have to say is that they felt scared when they were busting in. Like your left eye twitched, so you might have been equipped with an eyelid-powered death ray, so they had to shoot you in the head. It’s all the legal defense they need.

It has not always been that way.

 
Comment by FavelaTuro
2014-06-06 17:12:26

Nothing has changed except for the tech available and the militarization. Even then, the War on Drugs has been around for 30 years. A cop could always kick in your door and lie afterwards, if they wanted. They also don’t have to knock if there is potential danger, and they could lie about that also I guess.

My big gripe is this unreasonable paranoia being fueled by all these internet stories that don’t hold up upon closer examination. No one is looking at you even if they could. They don’t care about another piece of hay in the haystack when they are looking for needles. And there are far too many needles.

As for the secret warrants, when was the FISA court established? I know it will drive Lola bonkers, but it wasn’t under Bush or Reagan.

 
 
Comment by the golden goon
2014-06-06 06:44:11

I think 9/11 was responsible for the increase in badge licking uniform fetishism in this country. Remember how popular those FDNY hats were after the towers came down?

I appreciate you allowing people to post articles from infowars dot com here. They are the only major website that covers police brutality, no-knock raids, the arming of civilian police departments with surplus military hardware, et cetera.

Dianne Feinstein’s “real journalists” don’t touch these topics, unless the victim of police brutality is a member of a designated victim class.

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Comment by FavelaTuro
2014-06-06 07:24:49

That post 9/11 goodwill was quickly capitalized on by both the unions and the management to rob the fisc blind.

I go back and forth between feeling utterly hopeless that it could ever change and thinking I am wasting time even caring about that cause I gotta get mines.

And all this is just a drop in the bucket to what the 1 percent stole over the last 10 years.

 
Comment by RioAmericanInBrasil
2014-06-06 08:17:13

I think 9/11 was responsible for the increase in badge licking uniform fetishism in this country.

It goes back farther than that. And it’s related to America transforming itself into a prison nation/police state at the same time we began our SupplySide boot-licking of the rich and corporations. Gotta protect the “private property” you know. Check out the chart. Coincidence?

http://en.wikipedia.org/wiki/Incarceration_in_the_United_States#mediaviewer/File:US_incarceration_timeline-clean-fixed-timescale.svg

 
 
Comment by oxide
2014-06-06 07:47:49

I think the desire has always been there, but the technology is recent. And much of the data itself is very recent — like buying little stuff with credit cards instead of with untraced cash.

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Comment by FavelaTuro
2014-06-06 17:25:14

Credit cards recent? Cell phones are somewhat recent, but they are voluntary and you are voluntarily broadcasting all sorts of info to the phone companies and other tech companies with them. The government has been able to get that info, without a warrant, for decades. Same with your bank info. Most of your supposed privacy you voluntarily give away just like putting your trash out on the street.

I’m not saying the NSA stuff is not severely overreaching, especially as it is far from clear exactly what they are doing, but all this black helicopter stuff takes the focus off of the real overreaching.

 
 
Comment by RioAmericanInBrasil
2014-06-06 08:11:52

stand up to these bastards when they bully you.

I try. But most “conservatives” don’t. Most “conservatives” don’t even see the big picture. IMO, most “conservatives” who will read this will just mumble something incoherent about guns or taxes. And yes, it hasn’t “always been this way”

Corporate tyranny rules the global economy

http://www.mycentraljersey.com/story/opinion/readers/2014/05/11/corporate-tyranny-rules-the-global-economy/8907699/

The French economist Thomas Piketty’s popular new book, “Capital in the Twenty-First Century,” identifies how public wealth is being systematically transferred into the hands of the super-rich, who have effectively usurped democracy and captured the political process.

Consequently, any additional revenue generated by our country’s current economic upturn cannot be deployed to support decimated public services, but must be funnelled up into the Great Casino of financial markets to be gambled away.

The dependence of universities on corporate patronage means education has become more about product development and marketable skills than independent research or critical reflection.

The humanities are being downgraded and history removed as a core subject, inducing a cultural amnesia that leaves our young people more susceptible to manipulation and demagoguery in the corporate media. Their labor is already shamelessly exploited through unpaid internships and low-paid employment schemes.

Workers’ rights are being eroded as big business demands a flexible and cheap workforce. It would appear that as a nation, we are sleepwalking our way into a thinly disguised slave camp, run by, and for, the wealthiest people in the world.

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Comment by tj
2014-06-06 09:16:05

Workers’ rights are being eroded as big business demands a flexible and cheap workforce.

strait from marx, eh comrade?

It would appear that as a nation, we are sleepwalking our way into a thinly disguised slave camp, run by, and for, the wealthiest people in the world.

yea, soros and gates are out there forcing people at gunpoint to do their bidding..

oops.. sorry. i guess it’s just unconstitutional government power that’s being bought.

you voted for this, comrade. you wanted it.

 
 
 
 
Comment by oxide
2014-06-06 07:35:43

A bit more information:

The government will have access to ALL the identifiers, but they promise to scrub the identifying information when they compile the data for public reports.

I don’t trust them.

That database could be hacked, reverse engineered, or Snowdened to the public.

There were VERY FEW comments on this proposed rulemaking:

https://www.fhfa.gov/SupervisionRegulation/Rules/Pages/Comment-List.aspx?RuleID=482

Consumers Union (Consumer Reports): They LOVE that the database will include Student Loan Data with the rest of the financial data. Consumers Union REALLY wants the gov to publish reports on how young people are or are not paying loans, in order to increase “public outreach.” Yeah, sounds like they want to sell some financial services, even without identifiers, ya think?

National Association of Federal Credit Unions: They have significant privacy concerns for their customers, but they are kinda weak on that point. They just want to make sure that the gov does a good job of trending data. Oh, and they don’t like the regulatory time burden of fishing out these records and providing them.

Mortgage Bankers Assocation and National Association of Home Builders: Thank you so much for filling in gaps in our market research on the public dime! Hey, can we have ALL that data too, not just the compiled reports? We promise to not reverse engineer the data. Cross our heart and hope to die.

[b@stards]

US Chamber of Commerce: They state that they have significant privacy concerns, and the gov never gave much description to begin with. They ask where the legislative authority is, and think there should be much more public comment. Good for them.

Jeb Hensarling and Mike Crapo: Excellent letter outlining the issue and the privacy concerns. If you want to read the letter, go here and click on the PDF:

https://www.fhfa.gov//SupervisionRegulation/Rules/Pages/Comment-Detail.aspx?CommentId=11172

 
Comment by In Colorado
2014-06-06 08:44:48

1. According to liberals on this board - there is no right to privacy in America. So all this is OK and fine.

Uh … who championed the Patriot Act?

Don’t delude yourself, BananaBoy. Both parties are working to enslave us.

Comment by 2banana
2014-06-06 08:50:18

Funny how both parties and evil and wrong when democrats are in power. So why change or even bother to vote?

Funny how ALL was the fault of Bush and the republicans six years ago and they had to be removed immediately…

 
Comment by oxide
2014-06-06 11:41:39

And I recall a whole lot of “I got nuthin’ to hide” coming from the don’t-read-on-me end of the spectrum. And it was the commie public librarians who fought off the thugs coming for checkout records.

 
 
Comment by "Auntie Fed, why won't you love ME?"
2014-06-06 14:57:40

“According to liberals on this board …”

Do you even bother to read the comments?

 
Comment by Whac-A-Bubble™
2014-06-06 23:34:25

“In an unprecedented federal intrusion, the president’s most radical financial regulators — Mel Watt of the Federal Housing Finance Agency and Richard Cordray of the Consumer Financial Protection Bureau — are creating a massive discrimination database on as many as 230 million Americans.”

That sounds like an awesome first step to showing just how badly so-called ‘affordable housing policy’ harmed the household finances of American minorities. It should get pretty interesting at the point when some conservative economist gets their hands on this data through a FOIA. I’m personally rooting for Thomas Sowell to take this on!

 
 
Comment by 2banana
2014-06-06 04:57:01

Hope and change….

Forward…

Yes, we can….

Just not for Americans.

————-

Illegal Immigrant: Reports in Central America Encourage Trek North
KRGV | Jun 3, 2014 | KRGV

McALLEN - Central Americans say news reports in their countries are encouraging them to make the journey north to the United States.

A mother and child told CHANNEL 5 NEWS that the message being disseminated in their country is, “go to America with your child, you won’t be turned away.”

The woman, Nora Griselda Bercian Diaz, from Guatemala, said she endured threats from the Zetas and extortion from corrupt Mexican police. She eventually crossed the Rio Grande with her 6-year-old Delmi Griselda Paul Bercian by her side.

The woman said she wants a U.S. education for her daughter.

Bercian Diaz said she has no family in the United States. Her hope of staying here relies on her little girl. She said the message in her country is that America’s borders are open to all families.

“I said, ‘I need to act right now, because this will end and my girl won’t have a future,’” Bercian Diaz said.

Comment by the golden goon
2014-06-06 05:58:27

Permanent Democrat Supermajority

Comment by FavelaTuro
2014-06-06 06:33:29

If both sides want shamnesty, why doesnt it happen? This ORCHESTRATED migration of children is actually bad news for the shamnesty advocates at least short to mid term. It means they know they cant get it done by changing the laws to allow actual legalization and voting.

Comment by 2banana
2014-06-06 06:47:43

It doesn’t happen because a thin line republicans/tea party folks in the House stand in the way.

Think about that for a moment.

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Comment by FavelaTuro
2014-06-06 07:30:29

That is the answer. But i think that line is a lot thicker than many shamnesty advocates would like. Most people aint for letting Mexico (and the other countries below it) entirely get over entirely on us by mass unregulated migration. I’m pretty sure the blue collar guys don’t want that competition, but their leaders are different.

At some point someone might propose that if we get all of Mexico’s problems, we might as well get all the benefits and resources also.

 
 
Comment by AbsoluteBeginner
2014-06-06 07:38:29
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Comment by Housing CEO
2014-06-06 06:27:31

I would not be suprised to hear the democratic party and the chamber of commerce are directly funding this mass exodus.

Comment by FavelaTuro
2014-06-06 07:32:04

ORCHESTRATED. 100,000 people plus dont just start walking all of a sudden.

Comment by Oddfellow
2014-06-06 14:37:14

¨100,000 people plus dont just start walking all of a sudden¨

Where did you get that number? It wasn’t in the news piece. In fact, the entire story is based on the word of one woman, who just sneaked over the border and is clearly freaked out. There is no video of people marching or of anything broadcast in Guatemala saying to bring your family to the US. Weŕe shown an empty bus that weŕe told was near the border and later left full,but they didn’t seem to film that part. And weŕe told that the border guards busted another group of people right after they picked up the mother in the story, but they apparently didn’t film that either. A truly,truly terrible piece of reporting.

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Comment by Albuquerquedan
Comment by Blackhawk
2014-06-06 11:57:40

Agreed.

How about environmentalists vs. unions?

The Republicans should come up with a plan to flip the unions. The Dem’s have abused them for years. They’ll bend over for Steyer because they know the unions aren’t going anywhere.

 
Comment by Cactus
2014-06-06 12:27:33

The suit contends that present state laws so protect bad teachers — and so damage the mostly Latino students who end up being taught by them — that they amount to a civil rights violation. ‘

They get harder and harder to teach if the parents are not on board when the kids go home.

Instead they complain the kids have too much home work and are not learning anything all in the same sentence.

 
 
Comment by 2banana
2014-06-06 05:09:39

You are a debt slave for life. Get used to it.

—————–

What Happens If I Ignore My Student Loans?
Credit.com
By Gerri Detweiler June 5, 2014

By some estimates, nearly one in three student loan borrowers in repayment are behind on their payments. Some of those borrowers may be paying as much as they can, when they can, but others may feel their debt is hopeless and are taking the ostrich approach instead.

Others, like Credit.com blog reader Laurie, aren’t even sure about the status of their loans. She wrote: ”I am working toward my master’s and the loans I have used are deferred. I took one year off school and didn’t realize I was delinquent on my loans.”

But what does happen if you ignore your student loans?

You’ll get deeper in debt. Interest will continue to accrue and your balances that seem so daunting now will get even larger. Loans that go to collections will incur additional collection costs of up to 25%. Ouch! (State law may limit collection costs.)

Your credit scores will suffer. Late payments will appear on your credit reports and your credit scores will go down. Negative information may be reported for up to seven years, and for many graduates their credit scores are more important than their college GPAs when it comes to real life.

You will eventually go into default. Most federal loans are considered to be in default when a payment has not been made for 270 days. Once you are in default, the government has “extraordinary powers” to collect, as we’ll describe in a moment.

“When it comes to private student loan debt, the one axiom people need to remember is doing nothing will generally leave you really, really screwed,” says Steve Rhode, founder of GetOutofDebt.org.

You may have to kiss your tax refund goodbye. Expecting a tax refund? If you have a federal student loan in default, the federal government may intercept it. Married filing jointly? Your spouse’s portion of the refund may be at risk too, and they may have to file an injured spouse claim to recover it after the fact. (Private student loan lenders cannot intercept tax refunds.)

Your wages may be garnished. Normally, a creditor must successfully sue you in court in order to garnish your wages, and even if they are successful, there may be state limits on whether and how much income can be taken. But if you are in default with a federal student loan, the government may garnish up to 15% of your disposable pay. You may be able to challenge the garnishment under certain circumstances, but in the meantime, do you really want your employer to know you are in serious trouble with your loans?

Any co-borrowers are in as much trouble as you are. Anyone who co-signed a student loan for you is on the hook 100% for the balance. It doesn’t matter if it was your 80-year-old grandmother who co-signed for you; she is going to be pressured to pay and may be at risk for the same consequences you face.

You’ll be haunted by this debt until you die. It may sound blunt, but it’s the reality. Student loan debt will not go away if you ignore it. There is no statute of limitations on federal loans, which means there is no limit on how long you can be sued. State statute of limitations do apply to private student loans, however, limiting the amount of time they have to sue to collect. But it doesn’t stop them from trying to collect from you — and if you don’t know your rights it may go on indefinitely.

Comment by Mr. Banker
2014-06-06 05:56:38

“You are a debt slave for life. Get used to it.”

Or to sum it up in just one word:

GOTCHA!

(May I please help the next person in line?)

Comment by azdude
2014-06-06 05:59:57

most people have to take on debt to feel like there in the american dream game.

Comment by the golden goon
2014-06-06 06:03:08

“the american dream game”

Heads, Mr. Banker wins.

Tails, Mr. Banker wins.

Game over :(

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Comment by Housing CEO
2014-06-06 06:19:48

American dream is still possible but you have to leave America.

LOL

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Comment by RioAmericanInBrasil
2014-06-06 08:59:52

American dream is still possible but you have to leave America.

In the modern day of very real corporate tyranny, it takes strong public policy to maintain the middle class and to provide the base of “The American Dream”. You know……..what Koch Inc. calls “Socialism“. Our grandfathers did not die in Normandy 70 years ago today for the crap TrickleDown system we are living today.

The United States is “behind many countries in Europe in terms of the ability of every kid in America to get ahead.”

http://www.politifact.com/punditfact/statements/2013/dec/19/steven-rattner/it-easier-obtain-american-dream-europe/

Middle-class economic growth is stunted compared to other parts of the developed world, and it’s hard for people to work their way out of poverty, said Steven Rattner, a Morning Joe economic analyst and former Treasury Department official who oversaw the restructuring of the auto industry under President Barack Obama.

“We have fallen way back,” Rattner said. “We’re behind many countries in Europe in terms of the ability of every kid in America to get ahead. It’s a real problem.”

…”In fact, statistics show not only that our levels of income inequality rank near countries like Jamaica and Argentina, but that it is harder today for a child born here in America to improve her station in life than it is for children in most of our wealthy allies, countries like Canada or Germany or France,” Obama said. “They have greater mobility than we do, not less.”

Alan Krueger, former chairman of the president’s Council of Economic Advisers, explained the connection between economic mobility and income as the “Great Gatsby Curve,” named after the novel about Prohibition-era upper-class excess by F. Scott Fitzgerald.

Families at all earning levels were growing together after World War II but have been growing apart since in the decades since, Krueger wrote. The country’s top earners have pulled a lot further ahead than the middle and lower class, he said, and the trend line suggests the future earnings of today’s children will be tied more and more to the income level of their parents.

“Not since the Roaring 20s has the share of income going to the very top reached such high levels,” Krueger said, according to prepared remarks.

 
Comment by tj
2014-06-06 09:48:51

corporate tyranny = big government

 
 
 
Comment by j-j-j-joe
2014-06-06 10:36:33

Nah. PAYE/IBR take care of this problem. The payments are based on income and capped at 10% (under PAYE) or 15% (under IBR). PAYE lasts for 20 years, IBR lasts for 25.

The real solution, of course, is go to a school with really good financial aid and job prospects (there are maybe 25 of these) or have well-heeled parents. Or both.

What is really shocking and sad is that in America in the 21st century, there are still a lot of people whose families never accumulated anything, never invested anything, etc. Even if your family has only been in the US for 2 or 3 generations, it’s absurd if you can’t just write checks for normal, predictable expenses like paying for college or buying a car.

Comment by MightyMike
2014-06-06 11:37:27

Even if your family has only been in the US for 2 or 3 generations, it’s absurd if you can’t just write checks for normal, predictable expenses like paying for college or buying a car.

It must be more difficult than you think it is. The South is still the poorest region in the country and many of the families who live there have probably been in the country for 10 generations or more.

Then, of course, you have to consider poverty among American Indians, who have been on the continent for over 100 generations.

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Comment by j-j-j-joe
2014-06-06 11:54:44

The native americans I definitely understand — their land and resources were stolen.

The south I don’t think has an excuse. They lost a war but I think the bigger issue is that they lost culturally. The still have crap demographics bc of retiree migration, illegal immigration, and flunkies who move to “start over in a low cost area”.

 
Comment by MightyMike
2014-06-06 13:10:45

The still have crap demographics bc of retiree migration, illegal immigration, and flunkies who move to “start over in a low cost area”.

That doesn’t apply to the people I was talking about, whose families have been in America for 10 generations or more.

Also, you have to realize that the poverty of such people contributes to your own prosperity. When it’s freezing in Baltimore in January, you can have a nice vacation in the Florida Keys because the people who work in restaurants and hotels down there live in poverty. If your wife decides that she wants to replace all of the linens in your house, that could be done cheaply because bed sheets and bath towels are produced in the Carolinas by people also living in poverty or on the edge of poverty.

 
Comment by j-j-j-joe
2014-06-06 13:22:22

You make some good points. On a side note, I don’t think many towels or sheets are made in NC anymore. I could be wrong, but I believe it’s almost all made overseas.

 
Comment by Oddfellow
2014-06-06 15:06:51

The Indians’ land and resources were stolen many generations ago, centuries ago, but blacks were being ripped off until just a couple generations ago. Is black poverty even more understandable?

 
 
 
 
Comment by the golden goon
2014-06-06 06:00:51

Cueing the realtor shills to crow about “pent-up demand”

What those kidz need are $500,000 starter homes!

Comment by 2banana
2014-06-06 06:14:36

What those kidz need are $500,000 starter homes!

And illegal Guatemalan mothers and their kids coming to America for their right to a free education…

 
 
Comment by oxide
2014-06-06 06:40:05

“I am working toward my master’s and the loans I have used are deferred. I took one year off school and didn’t realize I was delinquent on my loans.”

You can only defer your loans if you are actively enrolled in classes. I had to go to the registrar’s office, get a form letter which said I was fully registered and paid for that semester, attach that to loan deferment form, and mail it in. Every single semester.

Comment by Housing CEO
2014-06-06 08:07:07

Mr Banker loves you.

 
 
Comment by "Auntie Fed, why won't you love ME?"
2014-06-06 14:53:12

THIS IS NOT NEW INFORMATION!

 
 
Comment by Mr. Banker
2014-06-06 05:33:54

Here’s a hit piece that rips up my man, Timothy Geithner.

http://www.zerohedge.com/news/2014-06-05/stress-test-reviewed-tim-geithner-grifter-petty-con-artist

Read it and weep.

Comment by Housing CEO
2014-06-06 06:16:28

Same can be said about so many people in power.

What did Bush Jr. do to deserve a presidency?
What did Obama do do deserve a presidency?

They were all “selected” just like Timmy.

Comment by phony scandals
2014-06-06 06:40:06

Hillary Clinton: Warmonger for the Bankster Elite

Next president owned by the same banks and corporations as Obama and Bush

by Kurt Nimmo | Infowars.com | June 5, 2014

Unfortunately, it takes the media mouthpiece of the Russian government to tell the truth about Hillary Clinton and the War Party.

You’ll never get the truth from the U.S. government’s media mouthpiece who self-righteously and disingenuously claim they are independent and “fair and balanced” (cue laugh track).

Clinton, of course, is no different than your garden variety Republican, including the any number of neocons. All of them are propped up by the military-industrial-intelligence complex and the banksters who run the show and who laughingly pretend we all live in a pluralistic democracy. Of course, anybody who has more than two brain cells to rub together and is not in serious denial knows we live in an authoritarian plutocracy run for the sake of a small clique of mega-rich and powerful global internationalists.

Clinton will be the Democrat contender for the position of teleprompter reader. Jeb Bush will probably be the Republican choice to play the political equivalent of musical chairs. The ruling elite has decided it wants to stick with the Bush-Clinton dynasty for the foreseeable future.

Hillary is preferable because the elite are keen on making sure all criticism and political activism is either marginalized or written off as hatred and thus not only dismissible, but worthy of a violent response by government. Criticism of Hillary will be deemed sexist the same way serious criticism of Obama is now considered racist.

In addition, Hillary’s confrontational and ugly personality will be described as an admirable attribute indicative of a strong leader the same way the psychopathic personalities of her male counterparts are described as the attribute of masters of statecraft (the word is synonymous with bombing small helpless nations and bailing out transnational banks).

It really is too bad RT had to run this piece. The Russian government, of course, is as authoritarian and violent, and in some instance more so, than the government ruling the United States. Anti-Russian propaganda disseminated by alphabet networks owned and operated by an interlocking directorship dominated banks and transnational corporations point out Russia’s flaws on a daily basis.

Everything we see on television, an increasingly on the internet, “often surpasses expectations of media subservience to government propaganda,” as Edward S. Herman noted nearly two decades ago. Only the alternative media, which naturally suffers from its own flaws, is free to tell the truth.

As an arm of the state, RT has its own propaganda agenda. Part of that agenda is pointing out the indisputable fact the U.S. government is owned and operated by banks and large corporations. For pointing out what the corporate media in this country is forbidden to mention, we can be thankful. On the other hand, we should be wary and mistrustful of RT and any other propaganda organ of the state.

 
 
Comment by j-j-j-joe
2014-06-06 11:38:14

I never realized Geithner went to SAIS. I would’ve thought KSG.

 
 
Comment by Combotechie
2014-06-06 05:50:14

IMO what we have here is a controlled depression:

http://www.zerohedge.com/news/2014-06-05/half-country-makes-less-27520-year-and-15-other-signs-middle-class-dying

Controlled is the sense that its effects are metered.

Comment by azdude
2014-06-06 05:58:38

yeah after paying rent and a car payment and some food your broke. most people are wage slaves for their whole lives.

Comment by AbsoluteBeginner
2014-06-06 08:01:56

‘yeah after paying rent and a car payment and some food your broke. most people are wage slaves for their whole lives.’

Heed my warning people of HBB. The more stuff you acquire, the less mobile you are and the more you tithe to a lifestyle load. My biggest regrets list? Other than not inventing Facebook, is having too much stuff that keeps my mobility limited.

Having cash in the bank and a 401K and a toothbrush is optimum.

I’d be outta Maine this summer if I did not have too much stuff to hold me back from just picking up and going. You better believe it.

Comment by oxide
2014-06-06 11:50:55

Why can’t you get rid of the stuff? Is it family stuff?

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Comment by Blackhawk
2014-06-06 12:00:06

Where would you go and why?

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Comment by AbsoluteBeginner
2014-06-06 16:30:44

In the process of trying to sell stiff on Ebay and CL. Furniture is the white elephant. Bulky and heavy and non-conducive to mobility.

I’d want to go somewhere where the jobs are and the outdoor activities availability good, things like hiking, biking,camping, etc. Don’t need the ocean so much for kicks. I’ve thought about CO and plan B places like Virginia.

 
 
 
 
Comment by 2banana
2014-06-06 06:16:02

Bigger and bigger government with more and more regulations and higher and higher taxes will solve this problem…

Comment by Housing CEO
2014-06-06 06:28:53

Bank bailouts will solve this. Where is republican leadership when we need them?

Comment by 2banana
2014-06-06 06:32:29

Next time they control the white house, have a super majority in the house and a filibuster-proof majority in the Senate (all the things obama had)…

I will let you know.

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Comment by FavelaTuro
2014-06-06 07:37:46

I’m starting to beleive that this ORCHESTRATED mass exodus is a sign that the Ds have already written November off. Are we at a point now past the primaries in most states where they can pretty much predict it will be an R control of the Senate but no chance of winning 60? So there’d be no downside to further pissing off the electorate by acts designed for the Legacy and to get the rage spent well before 2016?

 
Comment by 2banana
2014-06-06 08:31:41

It really doesn’t matter if the R’s get 60 in the senate.

There is no hope of getting any sane legislation past an obama White House.

A simple majority will control the Senate nomination processes and committees.

And they can always continue the “nuclear” option of Harry Reid…

 
Comment by RioAmericanInBrasil
2014-06-06 09:08:35

filibuster-proof majority in the Senate (all the things obama had)…

Yea, for about 72 non-consecutive, politically odd days.

Republicans have magically, mystically turned 72 days into two full years.

http://sandiegofreepress.org/2012/09/the-myth-of-the-filibuster-proof-democratic-senate/#.U5HmP4WK3P8

…… The claim that Obama ruled like a monarch over Congress for two years — endlessly intoned as a talking point by Republicans — is more than just a misremembering of recent history or excited overstatement. It’s a lie.

It’s meant to represent that Obama’s had his chance to try out his ideas, and to obscure and deny the relentless GOP obstructionism and Democratic factionalism he’s encountered since Day One.

They seem to figure if they repeat this often enough, you’ll believe it.

Seventy-two days. That’s it. That’s the entirety of absolute Democratic control of the United States Senate in 2009 and 2010. And yet Republicans want America to believe that Obama and the Democrats ruled with a tyrannical zeal to pass every piece of frivolous legislation they could conjure up. They think that the voters are dumb enough to believe it.

 
Comment by RioAmericanInBrasil
2014-06-06 09:10:09

There is no hope of getting any (In)sane legislation past an obama White House.

Sad huh?

 
Comment by reedalberger
2014-06-07 02:28:43

I am pretty sure rio is a progressive bot or PBOT, not a real person.

 
 
 
 
Comment by Housing CEO
2014-06-06 06:18:22

controlled depression

Finally someone gets it. I have been saying that for years.

More cheap money and negative interest rate will fix it.
LOL…XoXo

 
Comment by MacBeth
2014-06-06 06:58:17

I think you’re right.

 
Comment by MightyMike
2014-06-06 11:55:19

That’s a pretty odd list. Some of the points are important and on target, others are nonsense or irrelevant.

for example:

#2 More Americans than ever believe that homeownership is not a key to long-term wealth and prosperity…

This is probably a good thing. Americans have been overly obsessed with building equity in RE for a long time.

#3 Overall, the rate of homeownership in the United States has fallen for eight years in a row, and it has now dropped to the lowest level in 19 years.

This is not necessarily a bad thing. The homeownership rate is much lower in Germany and it doesn’t appear to cause any problems there.

#6 Right now, approximately one out of every six men in the United States that are in their prime working years (25 to 54) do not have a job.

This, on the other hand, is valid and quite shocking. I’m a guy in that age range and I marvel at this statistic. Who are all of these people and how do they spend their days?

#9 According to the government’s own numbers, about 20 percent of the families in the entire country do not have a single member that is employed at this point.

This, on the other hand, is useless because no attempt is made to exclude senior citizens.

#13 It is hard to believe, but more than one out of every five children in the United States is living in poverty in 2014.

#15 Overall, the U.S. poverty rate is up more than 30 percent since 1966. It looks like LBJ’s war on poverty didn’t work out too well after all.

These two are interesting. Item #13 tells us that are children are disproportionately poor. The link supplied for item #15 takes us to an article that only considers people between the ages of 18 and 64. That must exclude about a third of the population. It’s pretty well know that much of the war on poverty included programs that were specifically for kids or the elderly.

 
 
Comment by FavelaTuro
2014-06-06 06:02:29

Jobs report meets expectations. Everything pretty much just stays the same. Kick the can another month. Keep on keepin on. Extend and pretend. Strok, stroke, stroke …

Comment by the golden goon
2014-06-06 06:09:39

And tens of millions of Americans who are *not* on Obamacare will continue to see their health insurance premiums rise at double digit increases every year, combined with stagnant wages = welcome to the recoveryless recovery 8)

Comment by the golden goon
2014-06-06 06:21:09

Taxing the middle class to death to give more free sh*t to the free sh*t army and futher enrich insurance industry CEOs

“The CBO/JCT also expect people earning more than 400 percent of the federal poverty level — the cut-off point for federal tax credits to purchase coverage on Obamacare exchanges — will pay the greatest share of the penalty in 2016.”

(graph in article notes that this income range will amount to 31% of the share of “penalty” payers and will pay 61% of the share of “penalty” payments)

http://www.washingtonpost.com/blogs/wonkblog/wp/2014/06/05/just-13-percent-of-uninsured-people-will-pay-the-obamacare-penalty-report-says/

Comment by Housing CEO
2014-06-06 06:23:46

Taxing the middle class to death to give more free sh*t to the free sh*t army and futher enrich insurance industry CEOs

Welcome to the civilization, my friend.
Now, bend over!

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Comment by In Colorado
2014-06-06 08:40:49

Taxing the middle class to death to give more free sh*t to the free sh*t army and futher enrich insurance industry CEOs

What is this taxed middle class you speak of? I ask because all I see is government borrowing and deficit spending up the wazoo. And not just in the land of the free, either. All industrialized nations are up to their eyeballs in debt (it’s a Stanley Johnson world), and even emerging nations are borrowing like there is no tomorrow.

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Comment by RioAmericanInBrasil
2014-06-06 09:17:46

Taxing the middle class to death to give tax breaks for the rich….

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Comment by tj
2014-06-06 10:13:19

my comrade.. champion of the middle class! :)

 
Comment by Cactus
2014-06-06 12:37:40

Taxing the middle class to death to give tax breaks for the rich….”

working for wages versus capital gains

 
 
 
 
 
Comment by oxide
2014-06-06 06:17:14

In the past 60 days, inventory in my zip code has doubled.
About 20% of that is under contract.

Comment by the golden goon
2014-06-06 06:27:33

And 100% of them will be underwater by tens or hundreds of thousands of dollars by the end of the year.

Comment by Housing CEO
2014-06-06 06:30:21

Only 100%? I think 150% will be underwater.

Comment by In Colorado
2014-06-06 08:32:26

The percentage will be incalculable.

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Comment by phony scandals
2014-06-06 06:27:55

“Let me issue and control a nation’s money and I care not who writes the laws.” Mayer Amschel Rothschild (1744-1812), founder of the House of Rothschild.

Despite these warnings, Woodrow Wilson signed the 1913 Federal Reserve Act. A few years later he wrote: I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men. -Woodrow Wilson

Years later, reflecting on the major banks’ control in Washington, President Franklin Roosevelt paid this indirect praise to his distant predecessor President Andrew Jackson, who had “killed” the 2nd Bank of the US (an earlier type of the Federal Reserve System). After Jackson’s administration the bankers’ influence was gradually restored and increased, culminating in the passage of the Federal Reserve Act of 1913. Roosevelt knew this history.

The real truth of the matter is,as you and I know, that a financial
element in the large centers has owned the government ever since
the days of Andrew Jackson… -Franklin D. Roosevelt
(in a letter to Colonel House, dated November 21, 1933)

http://www.themoneymasters.com/the-money-masters/famous-quotations-on-banking/ - 31k -

Comment by jose canusi
2014-06-06 06:55:46

Yeah, every time I read that pathetic quote by Woodrow Wilson I have to reach for a barf bag. What kind of an a-hole does the deed and then sits back and wrings his hands? Why didn’t he DO something about it? Executive orders or something? After all, Obama flouts the law and goes back on what he’s done, constantly.

Y’know, there’s something a bit sick about these prezzys getting all sad about what they’ve done or failed to do. They could at least abdicate their position.

“oh oh oh, I’ve enslaved you to the bankers, oh oh oh, mea culpa, I’m so sorry.” puke.

Comment by MacBeth
2014-06-06 07:07:26

Wilson knew exactly what he was doing.

It’s why he did it.

 
 
Comment by MacBeth
2014-06-06 07:04:51

Remember that Kennedy went after the Fed.

Remember that he was assassinated.

Don’t know if the two are related. Maybe. Maybe not.

Comment by In Colorado
2014-06-06 08:36:07

Don’t know if the two are related. Maybe. Maybe not.

Who knows? But I’m inclined to think that it was.

Comment by jose canusi
2014-06-06 08:49:42

I’m inclined to think so, too.

Well, there ARE ways to handle these things. People just won’t do them. They’re conditioned to being “good citizens”.

When dealing with criminals, the person who “plays by the rules” is at a disadvantage. In fact the “rules” are sort of like gun control. Criminals will have the guns and their victims are disarmed.

Banksters and corpcrims demand others play by the rules, when they don’t.

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Comment by "Auntie Fed, why won't you love ME?"
2014-06-06 14:48:39

Wait. I thought it was because he wanted to get out of Vietnam. I’m confused.

 
Comment by tj
2014-06-06 15:48:07

Don’t know if the two are related. Maybe. Maybe not.

maybe. maybe not. true. it could have been a part of the reason, but i think his philandering is what enabled him to get killed.

he never wanted johnson (serial killer) on the ticket. but it’s rumored that j. edgar blackmailed him into accepting johnson. i don’t remember the reasons j. edgar wanted johnson. might have been a partnership with the ‘non-existent’ mob.

johnson was about to be indicted. his only way out was to ascend to the presidency. on top of that he didn’t like JFK and hated RFK.

only johnson could have turned every investigation the way he wanted it. and he apparently did. many things indicated that he knew of the assassination plans ahead of time.

jackie said in her secret tapes that she believed johnson had killed both jack and robert.

then there is the fingerprint in the book depository that was only recently identified to be that of johnson’s alleged hit man, mac wallace.

i never believed it was johnson until that print was identified. of course the government denies it’s a match.

way too much to go into on this forum, but for me, johnson really does emerge as the best suspect. who knows, someday some irrefutable evidence may be found.

johnson was more of a snake than i thought it was possible for a president to be.

 
 
 
Comment by the golden goon
2014-06-06 06:34:51

Of the 0.1%, by the 0.1%, for the 0.1%

Wall Street Journal subscriber paywall article - Americans’ Wealth Hits Record as Rich Get Richer

“Americans’ wealth hit a fresh record in the first quarter amid a rise in home values and stock prices, a trajectory poised to continue as U.S. markets push higher but one that doesn’t necessarily figure to rev up the sluggish recovery.”

Washington DC and the Wall Street pigmen are recovering quite nicely, thank you.

But for the vast majority of Americans, this country is in a stagflationary depression.

Comment by 2banana
2014-06-06 06:38:46

Bigger and bigger government with more and more regulations and higher and higher taxes will solve this.

Note 1: Why is John Corzine NOT in jail????

Note 2: Taxes and laws don’t apply to the 0.01% and FOO (friends of obama)

Comment by Housing CEO
2014-06-06 06:49:12

Note 1: Why is John Corzine NOT in jail????

If he squeals, say adios to your free market system.

Note 2: Taxes and laws don’t apply to the 0.01% and FOO (friends of obama)

Neither did to FOB.

Comment by 2banana
2014-06-06 06:56:32

Neither did to FOB.

I remember 1500 bankers going to jail in the S&L crisis…

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Comment by Housing CEO
2014-06-06 07:34:29

Banksters bailout is all I remember.

 
 
 
 
Comment by In Colorado
2014-06-06 08:34:53

But for the vast majority of Americans, this country is in a stagflationary depression.

Welcome to the new normal. It’s like you say, in a few decades the middle class will be relic of the past, with only a small minority of Americans being able to cling to it.

Comment by 2banana
2014-06-06 08:54:38

Only bigger and bigger government can save us!

Comment by In Colorado
2014-06-06 09:57:01

Nothing can save us.

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Comment by the golden goon
2014-06-06 12:06:21

+1

Save yourself, which we will do by Going Our Own Way and adhering to the Bill, just south of Irvine™ lifestyle…

 
Comment by AmazingRuss
2014-06-06 12:39:58

Not even shrieking tree monkeys?

 
Comment by Bill, Just south of Irvine
2014-06-06 18:46:03

“Nothing can save us.”

Ignore the state as much as possible. Withdraw as much consent as possible. The act of voting sanctions the very broken system we have. I know over half you HBBers will vote as if it is meaningful. It never is.

 
 
 
 
 
Comment by 2banana
2014-06-06 06:43:07

70th Anniversary of D-DAY is today.

How many of those who fought, were wounded and died did so for:

Abortion on demand?
Higher and higher taxes?
Having their guns taken away?
Gay Marriage?
Insane public unions bankrupting their cities/states?
Illegal immigrants pouring into the country with the approval of government?
Secret wait lists for VA care?
Being regulated to death?
The IRS used to destroy political enemies?
Voter fraud on a massive level?

etc.

Comment by FavelaTuro
2014-06-06 07:40:50

You forgot Benghazi.

Comment by MightyMike
2014-06-06 13:19:41

and teleprompters

 
 
Comment by Housing CEO
2014-06-06 07:52:57

They died so that every banksters/ceo’s/politicians can sleep a little better at night.

Mission Accomplished.

 
Comment by X-GSfixr
2014-06-06 10:27:35

Some of them also thought they were fighting for:

-Segregation/Jim Crow

-Keeping the little ladies in the kitchen.

-Keeping gays in the closet

-A paternalistic society run by White Protestant males.

Everyone who thinks they are fighting for the status quo is almost always disappointed.

Comment by 2banana
2014-06-06 11:15:33

They were fighting for freedom and liberty.

Their OWN freedom and liberty. The kind their parents kept for them and the kind they wanted to pass to their children.

They kind they personally knew of and lived under.

These are now strange concepts to anyone under 40 in the age of obama.

It is almost a joke now.

Privacy?
Keeping arms?
Massive voter fraud?
Speech Codes? Thought crimes?
Presidents ignoring laws on the book at a whim?
Presidents making up their own laws at a whim?
Presidents ignoring the US Constitution?
The Attorney General not enforcing laws if they are FOO (friend of obama)
etc.
People in power bribing the free sh*t army to stay in power. Even if it means national bankruptcy.

And we wonder why Rome fell.

Comment by "Auntie Fed, why won't you love ME?"
2014-06-06 14:44:27

What does any of this have to do with Rome?

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Comment by "Auntie Fed, why won't you love ME?"
2014-06-06 14:42:07

I guess it was the majority of them, since we live in a REPRESENTATIVE DEMOCRACY. And what is “abortion on demand”? Like I am supposed to ask 2brony whether or not I can have an abortion?

 
 
Comment by Northeastener
2014-06-06 06:47:53

This is for goon from yesterday. You can build a decent AR for $650. You can buy a decent AR from a well-respected manufacturer like Smith & Wesson for about the same. There is a ton of pricing pressure right now as sales have slowed dramatically. Lowers are pretty much all the same. The value is in the upper: barrel, bolt carrier group, rail/hand guard and muzzle brake.

My recommendation would be to pick up a stripped lower, lower parts kit, and stock kit for around $175 and assemble it yourself. Then, go to Bravo Company online and buy a complete new “blemished” upper receiver for $500 and call it good. BCM has these uppers on sale for 40% off and they are top quality. You will have a new $1100 AR for about $700… of course you won’t actually be saving any money as you’ll probably want a decemt optic which can easily cost as much as the rifle.

Comment by the golden goon
2014-06-06 07:19:54

Thanks.

I like the idea of building my own and not being put on “the list”, that same dude who sells to the Tanner Gun Show was telling me that the 10 round magazine limit law is easily skirted by selling unassembled 30 round magazines as “repair kits” and that there is no enforcement against that.

 
Comment by FavelaTuro
2014-06-06 07:45:47

This makes me think that after a person has a few weapons and a decent supply of ammo, they should plunk down the money for a 3D printer and obtain some blueprints/plans. Give a man a fish, teach a man to fish….

Comment by AmazingRuss
2014-06-06 12:42:10

I would only fire a 3d printed gun if I felt I had too many fingers.

Comment by FavelaTuro
2014-06-06 19:47:30

Nice try Mikey Bloomberg.

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Comment by the golden goon
2014-06-06 07:10:16

Dianne Feinstein is a totalitarian fascist

Bloomberg - Feinstein Seeks Changes to House Bill Curbing NSA Spying

“The chairman of the U.S. Senate’s intelligence committee said she wants to make changes to a bill passed by the House of Representatives to further narrow the scope of National Security Agency surveillance practices.

U.S. Deputy Attorney General James Cole said during the hearing the government doesn’t believe the House bill would permit bulk data collection, such as gathering records from an entire zip code.”

The “most transparent administration in history” picking up where the KGB and Stasi left off

Obama = One Big A$$ Mistake America

Comment by 2banana
2014-06-06 07:47:12

Was this reported by “real journalists?”

Comment by the golden goon
2014-06-06 08:11:00

I think you misunderstand my criticism of journalism in general.

The Drudge Report posts a lot of low hanging fruit, criticisms of Obama and the progressive fascists that need to be reported, but many of the sources feel dumbed down, and 100% of which are militantly pro-Israel.

More Pat Buchanan, and less William Kristol, please.

The New York Times and the Washington Post are official Obama progressive fascist mouthpieces, that only reluctantly report the countless criminal actions of his administration, until they can concoct the next “racist” scandal to sweep the Obama story under the rug.

I don’t really watch TV, but what I’ve seen of Fox News is so intellectually weak it’s unbearable to watch. The “liberal” TV networks are 100% straight out of the Saul Alinsky playbook.

And I think Rush Limbaugh is absolutely brilliant, yes he is a showman, but a genius at what he does.

Regarding this source (Bloomberg), I try to separate the news organization (which has filed more Freedom of Information Act requests about the bank bailouts and the Federal Reserve than any other news organization I’m aware of) from the man who founded it, who is a gun-grabbing statist, one who sadly found out that his carpetbagging billions can’t buy our local elections when we booted two of the grabbers out of our State Senate last year.

 
 
 
Comment by Neuromance
2014-06-06 09:40:25

A part of bubble thinking is that a can’t-lose way to get free money exists via the bubble.

However, in a recent poll by the MacArthur Foundation found that, in addition to 52% of Americans having to make sacrifices to keep paying their mortgage:

“The American people believe that the country’s housing environment is changing. While most non-owners (70%) aspire to own a home someday, homeownership is not viewed as the vehicle to building wealth that it once was, and the public believes that renting has grown in appeal while owning has declined. Two-thirds of the public (64%) believes it is less likely today than 20 or 30 years ago, for a family to build equity and wealth through homeownership. The public is divided on whether homeownership continues to be an excellent long-term investment (50%) or whether this is no longer the case today (43%). Half of all adults (54%) believe that owning a home has become less appealing in the current environment, while a similar proportion of adults (51%) believe that renting has become more appealing. Today, nearly 6 in 10 adults (58%) believe renters can be just as successful as owners in achieving the American Dream.”

http://www.macfound.org/press/press-releases/housing-challenges-real-many-americans-finds-2014-how-housing-matters-survey/

Comment by iftheshoefits
2014-06-06 13:08:35

‘Two-thirds of the public (64%) believes it is less likely today than 20 or 30 years ago, for a family to build equity and wealth through homeownership. ‘

Wow. On an economic matter of vital importance to the well-being of most Americans, two-thirds of the public now believe something that is essentially, er… true. How often does something like this occur?

Now if that same two-thirds or greater ever gets its arms around the major reasons why this is the case, then the lending and real estate industries would cease to exist in their present forms overnight.

 
 
Comment by 2banana
2014-06-06 10:13:32

Yes we can

Forward

Hope and Change

Pray for the families of these future dead Americans…

——————-

Freed Taliban Commander Tells Relative He’ll Fight Americans Again
NBC News | 06/06/2014 | Mushtaq Yusufzai

ESHAWAR, Pakistan - One of the five Taliban leaders freed from Guantanamo Bay in return for Sgt. Bowe Bergdahl’s release has pledged to return to fight Americans in Afghanistan, according to a fellow militant and a relative.

“After arriving in Qatar, Noorullah Noori kept insisting he would go to Afghanistan and fight American forces there,” a Taliban commander told NBC News via telephone from Afghanistan.

 
Comment by X-GSfixr
2014-06-06 10:14:26

As the Bergdahl story continues, I can only ask myself, “Where are the Tony Herberts, when we really need them?”

“……you don’t understand. You send me out there, and I’ll desert.’

“No you won’t, because out there ain’t back here. You leave the guys out there, and you are on your own……but listen, I’ll tell you what I’ll do. You go AWOL out there, and make it back here and I’ll give you a Bronze Star, and even if you don’t, I’ll see to it that you get a Purple Heart. Out there baby, when you are on your own, you’re anybody and everybodys meat. If the VC and NVA don’t get you, the locals will. You are money and they are all bounty hunters”.

On the US Army’s “Teeth to tail” ratio:

“We fielded less than 800 out of 10,000 troops in the Brigade. On a countrywide level, it meant that out of the 500,000 men we had there at the peak of our involvement, less than 50,000 were engaged in the business of fighting in the field - and that figure applies only if all of the other outfits were doing as well as the 173rd.”

On government statistics:

“It was a separate column on the daily strength report sheet and it was one more of the big lies we were telling each other. Long ago, when the Pharohs called their soothsayers for a look at tomorrow, the pattern has been pretty consistent: If the soothsayer came up with a sooth that said the Pharaoh was going to have seven or eight bad years, and cap them off by getting murdered, the Pharoah would generally get himself a new soothsayer, a man who could be counted on to say some optimistic sooths. Over the years, very little has changed, except the names. Now we call them statisticians……”

On the tendancy of the US to “supply both sides” during a conflict:

“So we gave the grenades to Nim, he gave them to his troops, they divvied them up between their relatives and friends, and what didn’t continue on to the VC the kids brought back to us at $30 apiece. John Q Citizen had bought them twice.”

On a “professional” Army:

“We had gone into World War I, World War II, and Korea with a Reserve and a National Guard. They were non-professionals……If someone wrote them up, or gave them an ass-chewing, who cared? They were going to be civilians again. But in Vietnam, it was different. We went in with a completely professional officer corps- careerists, men with investments……..One bad report out of Vietnam, and there would be no promotion……out with less than 20 years, with retirement slipping down the drain. So the name of the game became “Don’t make Waves”.

On warfare: (and in my opinion, society itself)

“I don’t think we have to be conditioned to kill. We need no training to destroy; we’re built for that. Killing comes easy. Establish no rules, and leave a vacuum, and what you come up with are My Lai and Cu Loi. The absence of policy and a mission was a policy in itself.”

 
Comment by "Auntie Fed, why won't you love ME?"
2014-06-06 16:04:56

I want housing inventory in Phoenix to keep going up, but it is going down now. This bothers me alot. It’s too hot for people to buy houses. Maybe the sellers are just temporarily delisting.

Comment by azdude
2014-06-06 18:10:11

Is FED policy purposely leading the sheep into risky assets to enrich wall street and providing another reason to print some cash in the next crash?

 
Comment by FavelaTuro
2014-06-06 19:49:32

Source?

 
 
Comment by northeastener
2014-06-06 18:49:45

It’s all good, the entire world will forget their problems for a while, starting in 6 days…

What’s this you ask? World Cup Soccer baby!

 
Comment by AbsoluteBeginner
Comment by Bill, just South of Irvine, CA
2014-06-06 21:10:45

I will lend the illiterate solicitor one penny. No more. And that person must send a SSAE to me to get that penny, along with 2 pennies.

 
 
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