June 10, 2014

Bits Bucket for June 10, 2014

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




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271 Comments »

Comment by Housing Analyst
2014-06-10 04:06:25

Houses are a loss beginning the day you buy it until the day you’re out from under it.

Comment by Jingle Male
2014-06-10 06:39:53

Not for me. Real estate has been the best investment of all my investments!

Comment by Housing Analyst
2014-06-10 08:34:42

Houses aren’t investments J._Fraud.

 
Comment by "Auntie Fed, why won't you love ME?"
2014-06-10 17:29:08

Let us go then, you and I,
While the prices are spiked up to the sky,
Like a patient etherized upon a table.

 
 
Comment by oxide
2014-06-10 10:13:29

until the day you’re out from under it

Only 21.5 more years to go! :grin:

Comment by Ben Jones
2014-06-10 10:17:38

Only 258 easy monthly payments!

 
Comment by Housing Analyst
2014-06-10 12:07:43

You’re gonna dump that shanty in 21 years? And don’t forget your $400/month in losses to depreciation.

 
Comment by Prime_Is_Contained
2014-06-10 19:24:39

Only 21.5 more years to go! :grin:

It can’t really have been 8.5 yrs already, can it??!?

 
 
Comment by AZtoORtoCOtoOR
2014-06-10 11:09:31

“Houses are a loss beginning the day you buy it until the day you’re out from under it.”

Couldn’t agree more - and I own one free and clear and it still sucks. Things we do for love.

 
Comment by Avocado
2014-06-10 18:06:29

not for the three I owned.

TIMING IS EVERYTHING!!

Comment by Housing Analyst
2014-06-10 18:21:52

Now you’ve backpedalled all the way to “timing”. Gotcha.

Now dump those shanties while you still might limit your losses.

Comment by Avocado
2014-06-10 18:36:57

facts:
bought in 2003 for $310k
sold 2 yrs later exactly for $430k
4 yr old house, no work done. just lived there with 20% down, no PMI. Fair taxes. PITI was sightly less than renting same place. No grass to mow.

that’s just how I played it. not saying you can do it again. YMMV.

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Comment by Avocado
2014-06-10 18:38:50

ps. i currently rent, been on the sidelines since 2009.

not shopping now. No dog in the fight. Sick of getting less than 1% on my abundance of cash though. ;)

 
Comment by Housing Analyst
2014-06-10 18:39:23

Fact: 2003-2005 was an unprecedented economic abberation.

Fact 2: There isn’t a house on the planet that costs more than $150k to build.

 
Comment by Avocado
2014-06-10 18:56:14

I still won, then did it again 2005-2009

 
Comment by Housing Analyst
2014-06-10 19:03:09

Won? lol

Like the blog owner says… it’s the internet.

 
Comment by Ben Jones
2014-06-10 19:17:51

‘2005-2009′

You must think no one is paying attention to the dates.

 
Comment by Prime_Is_Contained
2014-06-10 19:28:24

‘2005-2009′

Everybody is a genius on the way up…

 
Comment by Ben Jones
2014-06-10 19:37:42

Jeebus, that was a period of one of the most significant declines in housing history.

 
Comment by Avocado
2014-06-10 21:05:00

We can start a friendly pool. I say I made over $100k on the 2005-09 purchase. You say I lost.
Pd $300k even FSBO, sold for over $400k (cant remember exact amount) and there was a bonus from a class action suit against Goodyear for their radiant heating…. but that’s a long story. you probably heard of it in Flagstaff as well.

let’s bet.

Like I said, timing was good to me.

 
Comment by Ben Jones
2014-06-10 21:19:26

‘You say I lost’

No, I’d guess you are making the whole thing up. If you get low on cash, you can come wash my Maserati’s when the bikini gals get tired.

 
Comment by rms
2014-06-11 00:22:02

“Sick of getting less than 1% on my abundance of cash though.”

+1 Hear ‘ya loud and clear.

 
Comment by Housing Analyst
2014-06-11 05:11:20

Some are just liars. Avocado, r._fraud and J._Fraud happens to be one of them.

 
 
 
 
 
Comment by goon squad
Comment by goon squad
2014-06-10 06:12:50

Fox News dot com - Vegas police killer decried government on YouTube videos:

“His face painted to look like the comic book villain the Joker, a man who would months later gun down two police officers and a good Samaritan punctuates his political rant with manic glares at the camera. In another online video, Jerad Miller warns that police can’t be trusted.

“What better way to kill and rape, after all, if you’re wearing a badge,” he says. “When law enforcement and government are the criminals, they will fear an armed and educated people.”

Comment by Albuquerquedan
2014-06-10 07:37:40

Look this is just one more example of failed mental health system that makes it too hard to detain people with SMI.

Comment by phony scandals
2014-06-10 08:21:12

“Look this is just one more example of failed mental health system that makes it too hard to detain people with SMI.”

Now you’re getting close.

Why don’t the daily Chicago shootings make the national “news”? They are acts committed by thugs with illegal firearms. What good is that? We already have laws against that.

Do you want me to read the card?

Feinstein’s comments on UCSB shooting
Communities Digital News ^ | May 29, 2014 | Conor Higgins

Posted on Thursday, May 29, 2014 10:44:44 AM by holymoly

In a speech made Sunday shortly following the tragic events in California, the longtime anti-gun senator made a few interesting remarks that bear some analysis.

The Senator had some questions for the public.

“We must ask ourselves if an individual whose family called police with concerns about mental health, who is receiving therapy and who has had several run-ins with police should be allowed to own multiple firearms and hundreds of rounds of ammunition.”

“When anyone, no matter their mental health or history, can so easily obtain any gun they want and as many as they want—we must recognize there is a problem.”

http://www.freerepublic.com/focus/news/3161361/posts - 17k -

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Comment by goon squad
2014-06-10 08:30:25

What it really boils down to is collectivism versus the individual.

Dare to stray off the plantation of Big Daddy Government, and statist terrorist organization the Southern Poverty Law Center will put your name/group on the “list” of officially designated haterz.

Because statists gonna state…

 
Comment by goon squad
2014-06-10 09:55:23

article linked from drudge (it’s the moonie rag washington times, without drudge their traffic would vanish) tries to rein in anti-government sentiments and maintain sufficiently enthusiastic badge-licking:

http://m.washingtontimes.com/news/2014/jun/9/vegas-police-shooting-has-officers-fearing-a-rise-/?page=all#pagebreak

article notes the involvement of the anti-defamation league with police in identifying/tracking ‘hate’ groups

the anti-defamation league is a fascist, zionist terrorist organization. they and the southern poverty law center are the real ‘hate’ groups

and now back to your regularly scheduled badge licking and uniform fetishism, as reported by ‘real journalists’

 
Comment by MightyMike
2014-06-10 10:20:34

Somebody on this blog wrote that the guy in Santa Barbara wasn’t mentally ill, just evil.

 
Comment by MightyMike
2014-06-10 10:27:06

the anti-defamation league is a fascist, zionist terrorist organization. they and the southern poverty law center are the real ‘hate’ groups

Whom do they hate?

 
Comment by goon squad
2014-06-10 10:36:50
 
Comment by Avocado
2014-06-10 18:42:12

Wealthy kid from LA, attending the city college. Living in IV with the UCSB (brighter) kids.

Too bad Oprah doesn’t build a wall on the 101. Keep the kooks from coming north.

 
 
 
Comment by phony scandals
2014-06-10 07:58:47

Coincidence: Las Vegas Shooter Jerad Miller Interviewed by NBC News During Bundy Standoff

Prison Planet.com
June 10, 2014

Imagine that.

Here’s how the clip ran back in April.

Via: NBC:

http://www.prisonplanet.com/…ad-miller-interviewed-by-nbc-news-during-bundy-standoff.html - 63k -

Comment by Guillotine Renovator
2014-06-10 12:03:15

Dead link.

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Comment by phony scandals
2014-06-10 08:28:22

Eric Holder “We Must Brainwash People Against Guns” - YouTube
http://www.youtube.com/watch?v=rY-HdiR5a0g - 272k -

Comment by goon squad
2014-06-10 08:42:01

Eric Holder and Dianne Feinstein are the greatest threats to individual liberty and freedom that this country has ever seen.

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Comment by oxide
2014-06-10 10:28:08

I dunno, Holder seems kinda inept for world domination.

 
Comment by Avocado
2014-06-10 18:09:13

so much fear….

 
 
 
 
 
Comment by Mr. Banker
2014-06-10 05:14:52

Mr. Banker says:

A prole who works at a job and limits his spending to only what he earns will forever remain a prole.

But a prole who is smart enough to leverage his earnings can extend his spending well beyond what he earns and thus can advance his position well beyond being a mere nothing of a prole and instead he can venture into the realm of becoming a very important mogul.

Do limit yourself, visit your local banker today and make it happen!

Comment by Mr. Banker
2014-06-10 05:18:33

Mr. Bankers also says:

When an entire population decides to not limit their spending to only what is earned then this entire population can elevate their status and everyone can live like moguls.

Comment by MacBeth
2014-06-10 06:01:47

How long can one live on borrowed time?

For some, living on borrowed time works great, provided they are early in the game. Their time is lived by borrowing time from others.

The others, who find their own bank of time borrowed by those who came before, discover that they themselves have a greatly diminished ability to borrow time, in turn, from those who come after.

You can speak all you want about the ability to accumulate debt, Mr. Banker. You can find all sorts of new ways to enable people to go into debt. No doubt you can find new ways of persuasion…even, eventually, to force the populace to borrow.

But what you will never be able to do is to print time. Ponzi schemes do have their limits. Your option is to either (a) give up, or (b) force the unborn to assume the personal debt of the parents. Your goal: to help the population believe that option B is good.

Comment by "Auntie Fed, why won't you love ME?"
2014-06-10 17:37:31

And indeed there will be time
For the yellow crater that slides along the street,
Rubbing its back upon the window panes;
There will be time, there will be time
To prepare a face to meet the faces that you meet;
There will be time to murder and create global financial crises …

(stay tuned)

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Comment by jane
2014-06-10 21:55:13

Auntie, seriously - the metadata extractors are going to have a hay day with that. FWIW, I’d recommend knocking off the TS Eliot (?) references. The surveillance goons have 8th grade reading levels and are limited to literal interpretations. They are as wont to deem poetry deranged ideation, as anything else. You are aware that you can be detained indefinitely as a suspected enemy of the state.

 
Comment by jane
2014-06-10 21:56:29

Auntie Fed, you know I admire your breadth as a scientist who also loves Eliot. However, the metadata extractors are likely to focus in on stuff like that. Fer heaven’s sake, pls. find, and then memorize the number of, the best criminal lawyer in town. After first making his or her acquaintance, of course.

 
Comment by jane
2014-06-10 21:57:34

dbl post, apologies.

 
 
 
 
Comment by Mr. Banker
2014-06-10 05:39:47

“Do limit yourself” should read “Don’t limit yourself”.

Mr. Banker says:

If Amy picks out a house for you to buy then you should buy it. If you do not have the money to buy then you should visit your local banker and he will loan you some.

At the very moment you commit to buying a house your house commits itself into launching you into become a somebody - into become a mogul. This transformation is not automatic, rather it requires further action on your part; It requires you to once again pay a visit to your local banker so as you can CASH OUT YOUR EQUITY!

Yes, while you were sleeping your house was increasing in value and this increased value is known as equity and this equity is something you can cash out and buy things with, and when you buy things you HELP THE ECONOMY GROW!

Help save America! Buy a house, cash out your equity, spend what money you have cashed out and keep America strong!

Do it today!

(this has been a public service announcement)

Comment by "Auntie Fed, why won't you love ME?"
2014-06-10 17:39:35

The yellow cheeto dust that rubs its back upon the window-panes,
The yellow crater that rubs its muzzle on the window-panes
Licked its tongue into the corners of the evening,
Lingered upon the pools that stand in drains,
Let fall upon its back the soot that falls from chimneys,
Slipped by the terrace, made a sudden leap,
And seeing that it was a soft October night,
Swallowed the entire house, and fell asleep.

 
 
Comment by "Auntie Fed, why won't you love ME?"
2014-06-10 17:35:01

And time for all the works and days of hands;
That lift and drop a signature on a dotted line.

 
Comment by Avocado
2014-06-10 18:10:43

I bet Elon Musk borrows money, so does Richard Branson…

lesson: be smart

 
 
Comment by Ben Jones
2014-06-10 05:32:59

‘Americans will buy anything, but why not homes?’

‘After years of retrenchment, U.S. consumers are lightening up — but still not buying homes. And their aversion to housing is the gap between the recovery we have and the recovery we want.’

‘So it’s something else. But what — and how can we fix it?’

‘Credit, while getting easier, is still too tight.’

God, what a load of horse-hockey.

Comment by Mr. Banker
2014-06-10 05:45:05

“Americans will buy anything …”

… using money that they do not have.

Visit your local banker today and learn how it is done.

Ask about the dotted-line special.

Comment by "Auntie Fed, why won't you love ME?"
2014-06-10 17:43:49

I grow old … I grow old …
I shall wear my money roll,
And inquire about the senior-citizen discount;
Or perhaps the dotted-line special.

 
 
Comment by goon squad
2014-06-10 05:52:06

Denver Business Journal - Inventory of metro Denver homes rises substantially:

“The inventory issue metro Denver residential real estate brokers have been complaining about for months might actually be easing as the number of homes available for sale here jumped 15 percent from a month earlier and an impressive 39 percent from the same time last year, according to Metrolist Inc’s latest report.

The average sales price, meanwhile, continued its steady march upward, hitting $333,955. That’s a 2 percent increase from April and an 8 percent increase from May 2013’s average of $308,983 — 36 straight months of positive price gains.”

Comment by In Colorado
2014-06-10 08:16:15

The average sales price, meanwhile, continued its steady march upward, hitting $333,955. That’s a 2 percent increase from April and an 8 percent increase from May 2013’s average of $308,983 — 36 straight months of positive price gains.”

Denver is so overpriced. People seem to forget that it’s a cow town in flyover, with mediocre employment opportunities and wages, and they won’t stop moving here.

Comment by goon squad
2014-06-10 08:51:52

The smog of the Inland Empire with the traffic of Atlanta, what’s not to love?

Made the mistake of taking I-70 instead of US-285 back to the city on Sunday, took over an hour to get from Georgetown to C-470.

100 year-old 2BR/1BA crack shacks sell for $250+ per square foot.

There are no economic fundamentals to support these echo bubble prices.

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Comment by Avocado
2014-06-10 18:13:14

except supply and demand…..ooops

 
 
Comment by Guillotine Renovator
2014-06-10 12:11:12

Why is it a nice place for you to live, but not them? I don’t get it. Seems like you are angry about population increases.

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Comment by goon squad
2014-06-10 12:37:16

he is a southern california equity locust (sorry dude) who moved here 20? years ago. i moved from the rental apartment that i lived in during and after grad school in cleveland to a rental apartment here 5 years ago.

and loveland isn’t denver, it’s 50 miles north of here and alot less expensive.

 
Comment by Guillotine Renovator
2014-06-10 12:42:06

It sure smacks of “I got mine, now f*** you all.” Californicating equity locusts are the worst.

 
Comment by In Colorado
2014-06-10 13:05:00

1) I had a whopping 50K equity when we moved out here, so I hardly qualify as an “equity locust”
2) We have have family out here, which was the primary motivation to move here.
3) Whether or not I want people to move here will have no effect on their decision to do so. Fortunately the torrent has slowed. But someday water will become an issue here.

 
Comment by goon squad
2014-06-10 16:09:36

“50K equity”

And what did you pay for your first house here? $125K?

That makes you an equity locust.

And Carl Morris is a carpetbagger from Wyoming.

Nobody is actually from here, we just get to complain about it like we are…

 
Comment by Carl Morris
2014-06-12 23:51:17

And Carl Morris is a carpetbagger from Wyoming.

Hahah! That’s awesome. Never thought of it that way before. I should run for office.

 
Comment by Carl Morris
2014-06-12 23:52:17

Oops…forgot to mention one thing. I was born in Craig. Long story…

 
 
Comment by rms
2014-06-10 17:17:48

“Denver is so overpriced. People seem to forget that it’s a cow town in flyover, with mediocre employment opportunities and wages, and they won’t stop moving here.”

+1 Reminds me of a quote in Cadillac Desert regarding a bow-legged rancher referring to the Bureau of Reclamation as the “Bee-Yer-Oh.”

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Comment by "Auntie Fed, why won't you love ME?"
2014-06-10 17:47:39

In the room the posers come and go,
Talking of Michelangelo.

 
 
 
 
Comment by goon squad
2014-06-10 06:01:52

Denver Post - Buyers jump in as inventory and prices rise in Denver metro area:

“The average sale price for a single-family home in metro Denver hit an all-time record of $371,650 in May, but zooming prices aren’t keeping buyers out of the market, Metrolist CEO Kirby Slunaker said Monday.

The previous record of $369,000 was hit in May 2007, seven months before the official start of the Great Recession.”

Amy was right, when inventory increases that makes sale prices increase, and when interest rates start going up, sale prices will increase even more.

Comment by "Auntie Fed, why won't you love ME?"
2014-06-10 17:49:45

I know the voices dying with a dying fall
Beneath the musical chairs from a farther room.
So how should I presume?

 
 
Comment by FavelaTouro
2014-06-10 06:14:50

We need fog a mirror back. Its that simple. The article explicitly calls for more subprime loans, saying no risk, no reward.

But then it answers its own question why demand has collapsed:

“About a fifth of all homeowners with mortgages owe more than their homes are worth,”

Who ya gonna believe, me or your lyin eyes looking at that worthless piece of cr@p you bought for too much money six years ago?

I have close friends in this situation still. In an underwater house and stuck. I’d be curious to know how many on here actually personally know people who are deep underwater still and have discussed their situation with them.

Comment by Ben Jones
2014-06-10 06:23:45

Market Watch (WSJ) is really on the go-go juice today:

‘Anyone looking to chart the economy’s course in the weeks and months ahead should start with an examination of two of the nation’s biggest and most important industries: autos and housing.’

‘these two industries move together — for better or for worse. This is because they both depend on the same factors: low interest rates, ready availability of money and high levels of confidence on the part of consumers.’

‘As far as housing is concerned, any revival will require easier credit and a working down of some of today’s excess supplies. Until this happens, the economic recovery will remain sluggish.’

See, we just need to buy cars and houses (on credit of course) and all will be fine!

Wait, what about vacations Irwin? That’s what HELOC’s are for I suppose.

Comment by azdude
2014-06-10 07:33:56

the way I look at it money is a way to manage people.

The biggest impact is when working people see non productive people getting all these freebies and loan forgiveness.

It takes the incentive out of working. People want fairness.

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Comment by RioAmericanInBrasil
2014-06-10 07:35:20

No jobs:
It takes the incentive out of working.

 
Comment by In Colorado
2014-06-10 08:20:39

No jobs

There are jobs … just not very good jobs when you consider that a job folding sweaters at The Gap is considered a “good job” and many are held by college grads.

 
Comment by Housing Analyst
2014-06-10 08:41:12

What are you wearing for your webcam shows today Lola?

 
Comment by MightyMike
2014-06-10 11:21:00

folding sweaters at The Gap is considered a “good job”

That sounds like it must be pretty low-stress at least.

 
Comment by In Colorado
2014-06-10 11:36:54

That sounds like it must be pretty low-stress at least.

And low pay too. They won’t be buying a 500K starter home anytime soon.

 
Comment by Guillotine Renovator
2014-06-10 12:15:02

“And low pay too. They won’t be buying a 500K starter home anytime soon.”

The PTB is trying to figure out how to make that work.

$150k in student loans? Check.
$500k starter home? Check.
$10 per hour job? Check.

 
Comment by In Colorado
2014-06-10 13:07:51

The PTB is trying to figure out how to make that work.

Alchemists believed that a Philosopher’s Stone could change lead into gold.

 
Comment by Avocado
2014-06-10 18:16:45

Folding sweaters in CO sounds better than coal mining.

It seems we have many sour grapes on here. How many owners on here agree prices are too high?

 
 
Comment by Arizona Slim
2014-06-10 11:11:57

What is really needed is significant growth. As in, increases in household formation, which, in most cases, is driven by job growth. And not just growth in McJobs.

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Comment by Blue Skye
2014-06-10 11:38:17

One does wonder why growth is “needed”.

 
Comment by Guillotine Renovator
2014-06-10 12:17:39

“One does wonder why growth is “needed”.”

That’s why we are doomed as a species. What we need, and the earth needs, is a massive plague to wipe out 2/3 of all people, and in a quick manner.

 
Comment by goon squad
2014-06-10 12:48:40

gr, hbb poster ‘mathguy’ doesn’t appreciate these opinions, as i was informed last week. he suggested i step in front of a bus to ‘do my part’ to reduce the ecological impact of humanity.

as noble as that would be, my minimal contribution will be to not have kids and to adopt shelter pets (who btw are the only real victims of the foreclosure crisis), and he will use his mad math skillz to build a save-the-world™ machine.

 
Comment by MightyMike
2014-06-10 13:26:30

That would show some commitment to the cause. Be considerate, though, and do it at some time other than the morning rush hour. You wouldn’t want to make people on the bus late for work.

 
 
Comment by "Auntie Fed, why won't you love ME?"
2014-06-10 17:55:17

Time for you and time for me to buy a house,
And time yet for a hundred car payments,
And for a hundred visions and revisions of political history,
Before the taking of a toast and tea.

In the room the brokers come and go
Talking of Michelangelo.

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Comment by rms
2014-06-10 07:25:43

“I have close friends in this situation still. In an underwater house and stuck. I’d be curious to know how many on here actually personally know people who are deep underwater still and have discussed their situation with them.”

+1 FWIW, I’ve discovered that you get more details when the friend’s wife is not part of the discussion nor within earshot.

Comment by Guillotine Renovator
2014-06-10 12:20:08

Funny, I find I get more juicy details from wives than husbands. Seems my friends want to keep a stiff upper lip, but their wives are the ones with loose lips.

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Comment by "Auntie Fed, why won't you love ME?"
2014-06-10 17:52:16

I have heard the loaners moaning, each to each.

I do not think that they will groan to me.

I have seen them riding seaward on the waves
Combing the white hair of the waves blown back
When the wind blows the water white and black.

‘Till human voices wake us, and we drown.

Comment by Blue Skye
2014-06-10 19:28:20

We are awake before the first light,
they cannot drown us yet.

They can’t entreat us
into debt.

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Comment by Blue Skye
2014-06-10 06:29:14

“U.S. consumers are lightening up…”

I wouldn’t call having to put your food and gas on a credit card “lightening up” exactly. Both have tripled. 12 million more people out of the workforce. Is the Fed/Obama policy working yet?

Comment by scdave
2014-06-10 06:53:07

12 million more people out of the workforce. Is the Fed/Obama policy working yet ??

If Romney was President you would be cheering this economic comeback…

Comment by Blue Skye
2014-06-10 07:05:13

Oh Sorry….Thank you Mr. Obama!

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Comment by Ben Jones
2014-06-10 07:10:21

‘If Romney was President you would be cheering this economic comeback’

Only politics is like this. If I go out to eat and the food’s no good, do I take it to the guy who wanted to buy the restaurant but didn’t?

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Comment by azdude
2014-06-10 07:50:09

how long are the working people sit around and watch the non working collect all these freebies?

I guess they have two choices. Grin and bare it or get on the gravy train themselves.

 
Comment by Whac-A-Bubble™
2014-06-10 07:53:14

“how long are the working people sit around and watch the non working collect all these freebies?”

There is no time to sit around and watch, as those who still have jobs have the same amount of work on their plates as was there before workforce shrinkage, and fewer workers to do it.

 
Comment by oxide
2014-06-10 10:21:55

Only politics is like this.

No, not really…

This KFC sucks!
Told ya we should have gone to Taco Bell.
Taco Bell chicken would have sucked even worse!
Yeah whatever, they’re all owned by the same PTB anyway.

 
Comment by Housing Analyst
2014-06-10 12:15:57

But you bow to him anyway. Silly donkey.

 
Comment by RioAmericanInBrasil
2014-06-10 13:53:37

This KFC sucks! Told ya we should have gone to Taco Bell. ..they’re all owned by the same PTB

I can walk to a KFC but there is not one Taco Bell in Brazil that I know of. I’d go to a Taco Bell here if I could - but not for their chicken.

 
 
Comment by azdude
2014-06-10 07:16:03

12 million out of the workforce?

Those numbers seem way off.

The labor force participation rate is at 62.8 %.

“In May, according to BLS, the nation’s civilian noninstitutional population, consisting of all people 16 or older who were not in the military or an institution, hit 247,622,000. Of those, 155,613,000 participated in the labor force by either holding a job or actively seeking one.”

I think it’s more like 247622000- 155613000 or 92,009,000 million people out of work. 37.2% of workers not working.

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Comment by Blue Skye
2014-06-10 07:35:42

Oxy you are not quoting me properly. The word “more” is missing. There are 12 millions more not in the workforce.

 
Comment by Blue Skye
2014-06-10 08:37:18

Apparently I mistook a dude for an Ox.

 
Comment by polly
2014-06-10 10:52:42

“92,009,000 million people out of work. 37.2% of workers not working”

Because all those high school juniors should quit school and get a job?

 
Comment by taxpayers
2014-06-10 11:03:34

not everyone can work for the gov. Greece got to 30% then poof

 
Comment by MightyMike
2014-06-10 11:23:49

Because all those high school juniors should quit school and get a job?

This has come up before. “All people 16 or older” also includes people in their 80s and 90s.

 
Comment by In Colorado
2014-06-10 11:34:35

The author laments that job growth is weak for young people, and then in the next breath he lectures young people to “man up.”

The fact is that there is a global jobs crisis. Not even China, “the world’s factory” is able to provide full employment for its citizens, even though they build ghost cities.

And from what I read some time ago, the problem is getting worse.

 
Comment by Guillotine Renovator
2014-06-10 12:27:34

“The fact is that there is a global jobs crisis. Not even China, “the world’s factory” is able to provide full employment for its citizens, even though they build ghost cities.

And from what I read some time ago, the problem is getting worse.”

Between outsourcing and automation, job destruction is at the highest rate ever. Decades ago, these production advances were sold as a benefit to the working man, for he would no longer have to slave away for long hours, and would have more time for leisure. What wasn’t discussed was that his pay would shrink dramatically as well, possibly even stop, and the wealth would go straight into the PTB’s pockets. SUCKA!

 
Comment by RioAmericanInBrasil
2014-06-10 12:43:11

advances were sold as a benefit to the working man, for he would no longer have to slave away for long hours, and would have more time for leisure. What wasn’t discussed was that his pay would shrink dramatically as well, possibly even stop, and the wealth would go straight into the PTB’s pockets.

That manner of thinking was when capitalism was a system to serve us and not vice-versa - when equal percentages of created wealth passed to the demand side of the formula and not only to the supply.

Now the system so stacked in favor of the SupplySide that the Demand (workers) can’t even work?

 
Comment by FavelaTouro
2014-06-10 19:46:22

Lola,

Didn’t you line your pockets with capitalism? I thought you said you were an employer of many and a high net worth individual. What wasnyou business? How did you make that high net worth if not thru capitalism?

Now you are for redistribution? What about yours?

 
 
Comment by Albuquerquedan
2014-06-10 07:21:13

2% growth is not an economic comeback especially since even that low growth is the result of accumulating even more debt. You need 2% growth just to keep up with population growth, it will not result in any improvement in the standard of living. This is the weakest recovery in modern history and that is due to the failed policies of Obama.

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Comment by RioAmericanInBrasil
2014-06-10 07:34:19

This is the weakest recovery in modern history and that is due to the failed policies of the 34 years of SupplySideTrickleDown experiment.

Hint:
When you warp an economy to only benefit the rich, that’s what it does.

People saw this coming for decades. It should not surprise anyone objective.

 
Comment by azdude
2014-06-10 07:36:20

there is 0% growth overall. Certain sectors with pricing power are growing. I dont think the healthcare industry or insurance sector are hurting.

 
Comment by Albuquerquedan
2014-06-10 07:48:43

People saw this coming for decades. It should not surprise anyone objective.

When you start admitting that Obama is one of the worse presidents we ever had, I would consider you objective. Since you only post talking points of the Democrats you should not even discuss objectivity.

 
Comment by RioAmericanInBrasil
2014-06-10 08:00:11

Since you only post talking points of the Democrats you should not even discuss objectivity.

Wrong. I’m not a Democrat and never have been a member. I post many things against the Dem platform. I just posted one today from the WSJ on Gladstonian Republicanism reducing the size of government and making it better.

I go against the Dems on aspects of major issues such as guns, immigration, God, banks, etc etc.

Obama is one of the worse presidents we ever had

This shows you are not objective and have no sense of American history.

 
Comment by Tenacious D.
2014-06-10 08:05:20

This is how I saw the last election:

Two guys running to man the wheel of the American economy.

Romney: The only way to fix this leaky ship is to steer a course right back into the field of icebergs that damaged it before.

Obama: I’m blind and have no idea how to steer a ship, but, if you return the wheel to me, I’ll do my best to avoid icebergs.

So, I voted for Obama.

 
Comment by Blue Skye
2014-06-10 16:30:58

Is that like dumb choosing between deaf and blind?

 
Comment by "Auntie Fed, why won't you love ME?"
2014-06-10 18:02:46

We have lingered in the chambers of the mainstream media;
By journalists wreathed with press passes and salaries from Rupert Murdoch.

 
 
 
Comment by In Colorado
2014-06-10 08:21:54

Is the Fed/Obama policy working yet?

If the goal is to decimate the middle class, then yes, it’s working just fine.

Comment by goon squad
2014-06-10 08:57:42

Has it ever been about anything other than the 0.1% ???

And when this country completes its transition into a third world sh*thole, be sure to acknowledge the “bipartisan” effort that brought it there 8)

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Comment by RioAmericanInBrasil
2014-06-10 09:13:24

Has it ever been about anything other than the 0.1% ???

Yes. Actually most of America’s history of striving for egalitarianism (equality of opportunity not outcome) has been about much more than the .1%. That’s why people died to go to America.

The recent mollycoddling of the .1% is a gross bastardization of the goals of our Republic.

And this gross bastardization of our Republic was caused by an orchestrated effort to redefine the goals and workings of capitalism.

Capitalism is our own invention to serve us. We were not invented to serve capitalism. And America was founded with a main goal to serve all Americans. We’ve strayed from our mission statement the past 40 years.

We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defence,[note 1] promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.

 
 
 
 
Comment by oxide
2014-06-10 06:32:27

The author laments that job growth is weak for young people, and then in the next breath he lectures young people to “man up.”

Such blatent and arrogant hypocrisy is sure to generate a flurry of Shares and Comment and Clicks and Unlikes — among the “key demographic” of young people, of course. In fact I’m convinced that’s why he wrote it. Come on, what else do you expect from Yahoo.

Comment by Ben Jones
2014-06-10 06:43:01

‘what else do you expect from Yahoo’

To tell us what Warren Buffet thinks is the “next big thing”?

Comment by Cactus
2014-06-10 08:56:17

That’s funny- from yahoo another useless article

Warren Buffett briefly lost track of how many billions of dollars his Berkshire Hathaway Inc. (BRK/A) is spending to build wind and solar power in the U.S. That didn’t stop him from vowing to double the outlay.

Describing the company’s increasing investment in renewable energy at the Edison Electric Institute’s annual convention in Las Vegas yesterday, Buffett had to rely on a deputy, Greg Abel, to remind him just how much they’d committed: $15 billion.

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Comment by Whac-A-Bubble™
2014-06-10 07:50:23

It’s amazing to see subprime lending get trotted out as a potential remedy so soon after it brought the world financial system to the point of collapse.

Comment by "Auntie Fed, why won't you love ME?"
2014-06-10 18:04:57

Shall I say, I have gone at dusk through narrow streets
And watched the smoke that rises from the pipes
Of rentier men in shirt-sleeves, leaning out of windows?

 
 
Comment by Housing Analyst
2014-06-10 08:38:40

With housing demand at 19 year lows and inventory at a record high 25 million excess empty houses, do you think current massively inflated housing prices that are 300% higher than long term trend has anything to do with it?

 
Comment by "Auntie Fed, why won't you love ME?"
2014-06-10 17:41:47

But as if a crystal ball threw the nerves in patterns on a screen:
Would it have been worth while
If one, settling a pillow or throwing off a shawl,
And turning toward the window, should say:
“We are underwater now,
We are bankrupt and foreclosed.”

 
Comment by Whac-A-Bubble™
2014-06-10 22:11:28

Mo credik
Mo credik
Mo credik

 
 
Comment by azdude
2014-06-10 05:44:44

buying house will make you eligible for a lot of free cheese.

Comment by RioAmericanInBrasil
2014-06-10 07:29:53

buying house will make you eligible for a lot of free cheese.

Especially if you’re rich.

In Search of Gladstonian Republicans
The liberalism of Britain’s great 19th-century prime minister is a model for the next conservative revolution.

http://online.wsj.com/articles/john-micklethwait-and-adrian-woolridge-in-search-of-gladstonian-republicans-1401490517

Gladstone would concentrate money on the poor, targeting the welfare state for the rich. More money goes to the top 5% in mortgage-interest deduction than to the bottom 50% in social housing. He would set about reforming entitlements to make sure that they are fundable, for example raising the retirement age to 70 in line with life expectancy (as other countries like Sweden have done).

………Fourth, take the state seriously. This is the tea party’s great shortcoming. The Victorians believed in “reform” as well as “retrenchment.” It was precisely because they wanted the state to be as small as possible that they put so much effort into making it work as well as possible. They introduced competitive exams for civil servants, rewarding the good ones with money and honors while sacking the bad ones. Gladstone would have approved of Singapore, where the state is tiny but the top civil servants get paid $2 million a year. The best way for the U.S. to avoid disasters like the current one in the Department of Veterans Affairs is to do a better job of hiring—and firing.

Comment by Cactus
2014-06-10 08:58:25

They introduced competitive exams for civil servants, rewarding the good ones with money and honors while sacking the bad ones.”

somehow I think that would end up racist .. I remember my ATC days after the big sack but that’s another story

 
 
Comment by In Colorado
2014-06-10 08:24:05

buying house will make you eligible for a lot of free cheese.

Other than the MID, what free cheese might this be?

Comment by In Colorado
2014-06-10 08:25:24

Actually “buying a house” in and of itself doesn’t get you the MID, only paying a boat load of mortgage interest will get you that.

 
Comment by Tenacious D.
2014-06-10 08:29:50

You mean other than the entire economic intervention of 2008-09 that was designed to prop up housing prices? You mean other than the billions of dollars in monthly MBS purchases by the Fed from the banks? If you mean anything outside the greatest bailout in American history, then, yes, there is no cheese for homeowners.

Comment by In Colorado
2014-06-10 11:29:33

Everything you mentioned above happened in order to help banks, not homeowners.

A few years ago the cry of “cramdowns are coming” was repeated often on this blog, yet it never happened.

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Comment by Albuquerquedan
2014-06-10 05:46:02

This is huge and Goon it does impact housing since when J6P cannot put gasoline in his truck he cannot drive until he can buy. As I predicted in my New Year’s prediction Iraq is coming apart. The insurgents are capturing major cities. The Iraqi army appears to be very similar to the South Vietnamese army just before South Vietnam fell. The options are ugly: 1. The U.S. could send back combat forces and take heavy losses (2). Iran could intervene but that is likely to cause a regional war (3) Do nothing a watch forces inspired by Osama consolidate their hold on all the Sunni areas and then move into the oil rich areas in the Shiite controlled south. The northern pipeline is already off-line so there is not an immediate move in oil.

https://uk.news.yahoo.com/sunni-insurgents-capture-most-iraqs-second-largest-city-112611507.html#3o3L0uu

Comment by Blue Skye
2014-06-10 06:43:04

(4) We could pretend we were at war and just focus on using less oil in the US, without the bloodshed.

Comment by Albuquerquedan
2014-06-10 06:53:55

If using less oil doubles your energy bill and you still have to pay much higher oil prices which causes you to go into a recession how is that a good option?

Comment by Blue Skye
2014-06-10 06:58:49

You would prefer to kill my children to maintain your lifestyle?

What kind of logic lets you believe that if we drastically reduce oil consumption our energy bills will double?

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Comment by Albuquerquedan
2014-06-10 07:15:28

The fact that all the alternative sources costs much more than the consumption of oil or they would not need government subsidies. Kill your children? That rhetoric is so over the top is idiotic. Maybe you want to kill children but encouraging cars that use lithium for batteries which will be deadly if it gets into the food chain?

 
Comment by RioAmericanInBrasil
2014-06-10 07:41:25

What kind of logic lets you believe that if we drastically reduce oil consumption our energy bills will double?

Junk logic. Conserving oil does not have to mean buying cars that use lithium for batteries.

Bad logic and subjectively bad math.

 
Comment by Blue Skye
2014-06-10 07:44:29

My rhetoric is not idiotic. I have had as many as three in the service at once. I do not want to send them to die in the sand over oil so that we all can drive, drive, drive. This is pretty simple.

I think you have fallen into the trap of “our lifestyle must stay the same”. I ride my bike to get groceries. This will not poison the planet. I would take the train or bus up to the city, if passenger service was once again available. This will reduce oil consumption. Stopping the crazy ethanol mandate would immediately reduce oil consumption. We have a coal fired generation plant in my town that is idle. Obama doesn’t want us to burn our own coal. If we did though, we could run a lot of things on the electricity instead of oil/gas. This stuff is not rocket science, it is politics and resolve.

 
Comment by Albuquerquedan
2014-06-10 07:54:18

Blue Skye we do not have a draft and even if we did not import a drop of oil, the Globalists that run this country would still send troops over to the Middle East to protect the world’s economy. I only referred to any attempt to state I am trying to kill your children as idiotic. Certainly, I agree with you on coal and I want NGVs. I want energy independence but don’t believe if we had it we still would not be attempting to influence the middle east as long as our country is run by globalist bankers, that view is naïve.

I have to run for the day.

 
Comment by goon squad
2014-06-10 07:54:38

warmists gonna warm

 
Comment by Blue Skye
2014-06-10 08:16:39

Whether or not we have an official draft, I can tell you that for a young man faced with the responsibilities of a family and the job prospects of a high school grad these days, there is a very strong draft toward the salary and benefits of the military.

 
Comment by iftheshoefits
2014-06-10 08:20:43

Getting rid of all the phony Keynesian and monetary ’stimuli’ would be the single best thing we could ever do to reduce carbon emissions. If would reduce wasteful consumption spending by at least 15-20% and would have immediate (like next day) effect.

Why are all the ‘progressive’ AGW people so wedded to their economic interventionism that they are blind to this?

 
Comment by RioAmericanInBrasil
2014-06-10 08:29:49

Getting rid of all the phony Keynesian and monetary ’stimuli’ would be the single best thing we could ever do to reduce carbon emissions…reduce wasteful consumption spending by at least 15-20% and would have immediate (like next day) effect.

That’s basically saying a global depression much more serious than the one we are emerging from now would be the best thing we could ever do to reduce carbon emissions.

It might be partially true on the surface, but it’s like saying the best thing a fat person could do to lose weight is to starve.

 
Comment by Blue Skye
2014-06-10 08:36:01

“AGW people so wedded…”

I have the idea that economic interventionism has its own rewards for the masters of the universe. AGW is just a convenient tool. Other tools will be used when that one gets a dull edge.

 
Comment by iftheshoefits
2014-06-10 08:57:36

It’s not ‘partially true on the surface’, it’s totally true. I’m not saying it’s not without it’s secondary consequences.

On the other hand many of those secondary consequences, the first most obvious ones being collapsing energy, housing, and other asset prices, would also be very good.

Yes the collapsing leveraged debt mess that would result would have to be unwound. This all could have been done 5 years ago, when progressives had no re-election pressures, and we (and they) would be reaping the benefits now, but it wasn’t done.

Anyway my main point is that the worldwide environmental side effects of our endless subsidized consumption binge, in the name of ‘recovery’, should at least give some progressives a wee bit of pause every now and then. Sadly, it does not.

The fat boy could use a little starvation now and then.

 
Comment by RioAmericanInBrasil
2014-06-10 09:24:40

many of those secondary consequences, the first most obvious ones being collapsing energy, housing, and other asset prices, would also be very good.

Many of those secondary consequences would also be horrendous if I read what you said and are assuming correctly.

Getting rid of all the phony Keynesian and monetary ’stimuli’ would be the single best thing…

I assume you are referring to every major nation doing the same thing at the same time and I assume you assume most of the Reserve Banks money stimuli as “phony”.

In that case, It’s my opinion that the world economy would crash hard and the problems that that would cause would make high home and fuel costs look like a joke compared to the resultant carnage, geopolitical conflicts and starvation.

I think the world has to wean itself off the easy money but no way do I think we can do it in a cold-turkey manner.

 
Comment by RioAmericanInBrasil
2014-06-10 09:40:48

the worldwide environmental side effects of our endless subsidized consumption binge, in the name of ‘recovery’, should at least give some progressives a wee bit of pause every now and then.

I agree and I think it does. Many progressives argue for much less consumption as do some real conservatives. But when progressives try to hit that issue from any angle they are portrayed as “commies”.

But you make an interesting point. Maybe the progressives should join in with far-right to slam phony money printing stimuli with the goal to wage a stealth battle over overconsumption/carbon emissions. But would that be “dirty pool”?

 
Comment by iftheshoefits
2014-06-10 09:48:02

Fair enough. Just don’t hit me over the head when I’m skeptical that AGW is pushing us all over the edge in the next couple years or whatever. (Wasn’t it 2013 at one point?).

Because if it really were, we would be pulling out all the stops, including winding down consumption stimuli as fast as we thought we could bear. Instead, there is not even the slightest mention of contemplating doing so, from those that lecture me endlessly about environmental catastrophe.

OK maybe James Howard Kunstler is an exception on that point. But he is hardly representative of the current PTB, he just shares common roots with them way back.

 
Comment by jane
2014-06-10 22:51:51

Blue Skye, I completely agree with you, about the military being at first perceived, and then embraced, by young people faced with a dearth of job prospects.

I witnessed this with my own older son, having gotten out of college with a STEM B.S. in the teeth of the recession. It was not much better when he got out, but he had the maturity and perseverance to look at facts straight in the eye, and to take a different strategy.

He admits that his military experience changed him for the better, although it was a daily challenge - even though he was not getting shot at.

 
 
 
 
Comment by scdave
2014-06-10 07:00:54

Iraq is coming apart. The insurgents are capturing major cities ??

Nice experiment in Nation Building George…Maybe you can paint some pictures of the soldiers and families that you sacrificed with your war games…

Comment by Albuquerquedan
2014-06-10 07:33:25

Still blaming GB almost six years after he left office but not finding any fault will Obama’s foreign policy, you define the term ideologue.

Comment by RioAmericanInBrasil
2014-06-10 07:49:28

Still blaming GB almost six years after he left office

I have no idea why anyone would blame GW Bush for invading Iraq and the subsequent problems it has caused.

I have no idea why anyone would blame GW’s Bush’sTaxCutsForTheRich at the same time of embarking on two major wars for gutting our finances and revenues.

I have no idea why anyone would blame Reagan for fostering a potentially violent culture hate towards our own government and many of our minorities.

I have no idea why anyone would blame 34 years of TrickleDown’s goals of only benefiting the rich for only benefiting the rich.

Thanks Obama.

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Comment by Rental Watch
2014-06-10 22:41:40

How about blaming Obama for passing a massive and complicated law that affected every aspect of capital markets immediately after the greatest financial panic in 80 years? And then wondering why job creation has been crappy (yes, investment of capital is needed to create and grow business)…

As of June 2014, nearly 4 years following Dodd Frank’s passage:

208 Rules have been finalized
42 Rules have missed the deadline (and haven’t even been proposed)
85 Rules have been proposed, but missed the deadline
54 Rules have a future deadline, but haven’t been proposed
9 Rules have a future deadline and have been proposed

People still don’t fully understand how Dodd Frank will affect them–and the complexity of the law favors the largest financial institutions, since the cost of compliance makes it difficult or impossible for smaller organizations to survive.

The US now has the smallest number of banks since the Great Depression. MORE power is in the hands of the largest banks.

And the most important rules, the ones that are actually targeted toward fixing the problems that caused the crash (QRM/Risk Retention Rules and Volcker Rule), have been neutered through the rulemaking process. This is in large part because the politicians who wrote the law didn’t get specific (guess that would be too risky politically–or too much work), but left the details up to someone else (who could be lobbied).

It passed with 3 Republican Senators and 3 Republican Members of the House. There was nothing bipartisan about the law.

When Dodd and Frank were criticized that they left too much to the regulators to write, Dodd said:

“What do they expect me to write, a 100,000-page bill? This is far beyond the capacity, the expertise, the knowledge of a Congress”

Exactly.

And he thinks the regulators are going to do better writing this morass of rules?

Glass Steagall was 34 pages.

Thanks Obama.

 
 
 
Comment by phony scandals
2014-06-10 07:42:38

Meet Neocon “Doughnut Dolly” Victoria Nuland

Wayne MADSEN | 18.12.2013 | 00:00

http://www.strategic-culture.org/…/12/18/meet-neocon-doughnut-dolly-victoria-nuland.html - 146k

Comment by MightyMike
2014-06-10 08:03:51

Where do you find these websites? Spending a minute on this strategic culture leads me to believe it’s some sort of anti-Ukrainian website run by the Russian government.

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Comment by phony scandals
2014-06-10 08:46:07

Meet Neocon “Doughnut Dolly” Victoria Nuland
Wayne MADSEN | 18.12.2013 | 00:00

During America’s many overseas wars, volunteer women of the United Services Organization (USO), a group designed to boost the morale of U.S. troops in combat zones, served coffee and doughnuts to American soldiers. These women, called “doughnut dollies,” were on the scene in the South Pacific, Korea, and Vietnam.

The U.S. Assistant Secretary of State for European and Eurasian Affairs, Victoria Nuland, has reprised the role of the “Doughnut Dolly” by distributing snacks to anti-government protesters on Maidan square in central Kyiv. Armed with a white plastic shopping bag full of biscuits, Nuland was trying to boost the morale of the protesters in what has become a virtual proxy war between the United States and Russia. Control of Ukraine by NATO has long been a gleam in the eye of American neo-conservative war hawks like Arizona Republican Senator John McCain who followed Nuland by a day among the Maidan protesters.

Following the election of Barack Obama to the presidency in 2008, many Americans believed that the age of the neo-cons was over. Neo-cons, nostalgic for the Cold War, put their own imprimatur on the George W. Bush presidency by having it adopt all the principles of neocon policy dogma, most notably a document known as the Project for the New American Century or “PNAC.” With fresh policy guidance from within the neo-con policymaking lairs of the American Enterprise Institute, Heritage Foundation, Hudson Institute, and the Jewish Institute for National Security Affairs, neocons like Dick Cheney, Donald Rumsfeld, Richard Perle, Douglas Feith, Scooter Libby, and Robert Kagan set about to plunge the United States into senseless wars in Iraq, Afghanistan, and beyond in a never-ending “global war on terrorism.”

Kagan, although not as well-known as the others, continues to steer America into foreign policy fiascos such as U.S. involvement in the domestic affairs of Ukraine. Kagan has an ace-in-the-hole in stirring up tensions in Ukraine because his wife is none other than Victoria Nuland…

Nuland’s career has been one of ensuring that the underpinnings of the Cold War never completely died out in Europe. Her State Department career began as the chief of staff to President Bill Clinton’s Deputy Secretary of State and close friend, Strobe Talbott. It was under Talbott that Nuland helped completely fracture Yugoslavia and ensured that the U.S. slanted against the interests of Russia’s ally, Serbia. After helping to lord over the final end of Yugoslavia, Nuland moved to develop U.S. foreign policy for the former Soviet Union. Ukraine landed right in the middle of Nuland’s target scope.

After the Clinton administration, Nuland went on to become Vice President Dick Cheney’s principal foreign policy adviser. Impressed with her anti-Russian and neo-con stance, Cheney recommended Nuland to be the U.S. ambassador to NATO. After the Bush administration, Nuland ensured that the neo-con apparatchiks continued to have a say in the new president’s foreign policy. Nuland was appointed as the special envoy for Conventional Armed Forces in Europe in a further bid to confront Russia. Secretary of State Hillary Clinton appointed Nuland as her press spokesman after Philip J. Crowley was forced to resign after he publicly complained about the military prison treatment of Army Private Bradley Manning, arrested and jailed for releasing classified State Department cables to WikiLeaks. Nuland, unlike Crowley, would ensure that neo-con swagger would dominate Mrs. Clinton’s State Department. That swagger became abundantly clear in the CIA’s coup against President Manuel Zelaya in Honduras, the U.S.-led overthrow of Muammar Qaddafi in Libya, and U.S. support for uprisings in Egypt and Tunisia.

Nuland would survive the controversy over the October 2012 attack on the U.S. diplomatic mission/CIA facility in Benghazi, Libya. Initially, many conservative Republicans criticized Nuland for her role in providing ambassador to the UN Susan Rice with “talking points” explaining away the failure of the U.S. to protect the compound from an attack that killed U.S. ambassador Christopher Stevens and three other U.S. personnel. All it took was a tap on the shoulder from Nuland’s husband Kagan and his influential friends in the neo-con hierarchy for the criticism of his wife to stop. And stop it did as Nuland was confirmed, without Republican opposition, to be the new Assistant Secretary of State for European and Eurasian Affairs, a portfolio that gave her a clear mandate to interfere in the domestic policies of Ukraine and other countries, including Russia itself.

Kagan began laying the groundwork for his wife’s continued presence in a Democratic administration when, in 2007, he switched sides from the Republicans and aligned with the Democrats. This was in the waning days of the Bush administration and, true to form, neo-cons, who politically and family-wise hail from Trotskyite chameleons, saw the opportunity to continue their influence over U.S. foreign policy.

With the election of Obama in 2008, Kagan was able to maintain a PNAC presence, through his wife, inside the State Department. Kagan, a co-founder of PNAC, monitors his wife’s activities from his perch at the influential Brookings Institution. And it was no surprise that McCain followed Nuland to Maidan Square. Kagan was one of McCain’s top foreign policy advisers in the 2008 campaign, even though he publicly switched to the Democrats the year before. Kagan ensured that he kept a foot in both parties. Although McCain was defeated by Obama in 2008, Kagan’s influence was preserved when his wife became a top foreign policy adviser to Obama. The root of this control by neo-cons of the two major U.S. political parties is the powerful Israel Lobby and is the reason why in excess of 95 percent of neo-cons are also committed Zionists.

Kagan’s writings and pronouncements from Brookings have had a common thread: anti-Vladimir Putin rhetoric and a strong desire to see Ukraine and Georgia in NATO, Bashar al Assad falling in Syria and thus eliminating a Russian ally, no further expansion of Shanghai Cooperation Organization membership and the eventual collapse of the counter-NATO organization, and the destabilization of Russia’s southern border region by radical Salafists and Wahhabists funded by Saudi Arabia and Qatar. Qatar, not coincidentally, hosts a Brookings Institution office that advises the Qatari government.

But dominance of U.S. foreign policy does not end with Nuland and her husband. Kagan’s brother, Fred Kagan, is another neo-con foreign policy launderer. Residing at the American Enterprise Institute, Fred Kagan was an “anti-corruption” adviser to General David Petraeus. Kagan held this job even as Petraeus was engaged in an extra-marital affair, which he corruptly covered up. Fred Kagan’s wife is Kimberly Kagan. She has been involved in helping to formulate disastrous U.S. policies for the military occupations of Iraq and Afghanistan. Fred and Kimberly have also worked on U.S. covert operations to overthrow the government of Iran. No family in the history of the United States, with the possible exception of John Foster and Allen Dulles, has had more blood on its hands than have the Kagans. And it is this family that is today helping to ratchet up the Cold War on the streets of Kyiv.

Victoria Nuland is, indeed, the proper “Doughnut Dolly” for the paid George Soros, U.S. Agency for International Development, National Endowment for Democracy, and Freedom House provocateurs on Maidan Square. Political prostitutes representing so many causes, from nationalistic Ukrainian fascists to pro-EU globalists, require a symbol. There is no better symbol for the foreign-made “Orange Revolution II” than the biscuit-distributing Victoria Nuland. Her unleavened biscuits have found the hungry mouths of America’s “Three Stooges” of ex-boxer and political opportunist Vitaly Klitschko, globalist Arseny Yatsenyuk, and neo-Nazi Oleg Tyagnibok.

 
Comment by MightyMike
2014-06-10 09:40:10

Well, they stumbled on to a truth there. When it comes to foreign policy, there is little difference between the two parties. But the focus on this one woman is a strange distraction.

 
Comment by RioAmericanInBrasil
2014-06-10 09:56:17

Following the election of Barack Obama to the presidency in 2008, many Americans believed that the age of the neo-cons was over.

No. It is more correct to say following the election of Barack Obama to the presidency in 2008, many Americans believed that the age of the neo-cons would begin to wane. American Foreign policy should generally not turn on a dime if we want to maintain influence and credibility.

When it comes to foreign policy, there is little difference between the two parties.

It is a matter of great degrees. There is a big difference of engaging in 2 major wars compared to meddling in the affairs of a country (Ukraine) who’s majority wants to align more closely with Europe and has only recently gained its “independence”.

And it’s also hypocritical to see the Right criticize Obama on promoting Ukraine’s greater alliance with Europe only a couple months after saying Palin was right about Putin’s danger in coveting more territory.

 
Comment by Ben Jones
2014-06-10 10:29:24

The above is a good example of the absurdity of seeing everything in right versus left.

‘How John McCain came to pick Sarah Palin’

The neocons “picked” Palin. The neocons always wanted to carve off Ukraine. NATO is the army of the Empire. EU membership puts them in NATO.

So here we see a neocon straight out doing what the neocons want, and we’re supposed to believe there is any body but neocons running things?

BTW, I don’t think the neocons run the Empire. They are just little tag-alongers hoping to advance their agenda.

 
Comment by RioAmericanInBrasil
2014-06-10 10:38:31

a good example of the absurdity of seeing everything in right versus left.

That’s why I wrote “American Foreign policy should generally not turn on a dime if we want to maintain influence and credibility.”
Which is the antithesis of seeing everything in right versus left in the context of the new Democratic administration’s policies vs the prior Republican administration.

 
Comment by MightyMike
2014-06-10 11:10:35

Rio, consider this quote from Jimmy Carter:

Let our position be absolutely clear: An attempt by any outside force to gain control of the Persian Gulf region will be regarded as an assault on the vital interests of the United States of America, and such an assault will be repelled by any means necessary, including military force.

http://en.wikipedia.org/wiki/Carter_Doctrine

Consider also the “no fly zone” and the sanctions on Iraq that were enforced during the Clinton administration. These had a devastaing effect on the life of ordinary Iraqis.

Now, try to imagine what would have happened if Al Gore had been president on September 11, 2001. I think that he would probably have decided to invade Afghanistan.

Regarding Iraq, it’s likely that a fuss would have been made about Saddam and his alleged links to al-Qaeda and WMDs. It’s possible that Gore would have responded just with bombs and missiles. (Of course, some of these, as always, would miss their targets and kill inncoent civilians.) On the other hand, it’s possible that he would fell the need as a Democrat to show his toughnness and invade just like Bush did.

 
Comment by RioAmericanInBrasil
2014-06-10 11:34:38

An attempt by any outside force to gain control of the Persian Gulf region will be regarded as an assault on the vital interests of the United States of America,

What was false about that view? At that time the USA was heavily dependent on Gulf oil and had been crippled by our dependence on it. We had a The 1967 Oil Embargo, The 1973 oil crisis and the The 1979 energy crisis. We were also in a Cold War with USSR eyeballing the Gulf. There ARE such things as national interest. And Carter wanted the USA to become much more energy independent, which would have lessened the role of the neocon. America and Reagan/Bush would have none of it.

I seriously doubt Al Gore would have invaded Iraq. They didn’t try to assassinate his father.

Consider also the “no fly zone” and the sanctions on Iraq that were enforced during the Clinton administration.

See above on being still dependent on Gulf Oil, The region being destabilized, Kuwait having been invaded, our vital national interests being affected by the lack of being energy independent causing a situation which made a Neocon policy acceptable to America.

 
Comment by phony scandals
2014-06-10 14:36:39

“Well, they stumbled on to a truth there. When it comes to foreign policy, there is little difference between the two parties. But the focus on this one woman is a strange distraction.”

7 February 2014

Ukraine crisis: Transcript of leaked Nuland-Pyatt call

Nuland: [Breaks in] I think Yats is the guy who’s got the economic experience, the governing experience. He’s the… what he needs is Klitsch and Tyahnybok on the outside. He needs to be talking to them four times a week, you know. I just think Klitsch going in… he’s going to be at that level working for Yatseniuk, it’s just not going to work.

Pyatt: Yeah, no, I think that’s right. OK. Good. Do you want us to set up a call with him as the next step?

Nuland: My understanding from that call - but you tell me - was that the big three were going into their own meeting and that Yats was going to offer in that context a… three-plus-one conversation or three-plus-two with you. Is that not how you understood it?

Pyatt: No. I think… I mean that’s what he proposed but I think, just knowing the dynamic that’s been with them where Klitschko has been the top dog, he’s going to take a while to show up for whatever meeting they’ve got and he’s probably talking to his guys at this point, so I think you reaching out directly to him helps with the personality management among the three and it gives you also a chance to move fast on all this stuff and put us behind it before they all sit down and he explains why he doesn’t like it.

Nuland: OK, good. I’m happy. Why don’t you reach out to him and see if he wants to talk before or after.

Pyatt: OK, will do. Thanks.

Nuland: OK… one more wrinkle for you Geoff. [A click can be heard] I can’t remember if I told you this, or if I only told Washington this, that when I talked to Jeff Feltman [United Nations Under-Secretary-General for Political Affairs] this morning, he had a new name for the UN guy Robert Serry did I write you that this morning?

Jonathan Marcus: An intriguing insight into the foreign policy process with work going on at a number of levels: Various officials attempting to marshal the Ukrainian opposition; efforts to get the UN to play an active role in bolstering a deal; and (as you can see below) the big guns waiting in the wings - US Vice-President Joe Biden clearly being lined up to give private words of encouragement at the appropriate moment.

Pyatt: Yeah I saw that.

Nuland: OK. He’s now gotten both Serry and [UN Secretary General] Ban Ki-moon to agree that Serry could come in Monday or Tuesday. So that would be great, I think, to help glue this thing and to have the UN help glue it and, you know, Fuck the EU.

Jonathan Marcus: Not for the first time in an international crisis, the US expresses frustration at the EU’s efforts. Washington and Brussels have not been completely in step during the Ukraine crisis. The EU is divided and to some extent hesitant about picking a fight with Moscow. It certainly cannot win a short-term battle for Ukraine’s affections with Moscow - it just does not have the cash inducements available. The EU has sought to play a longer game; banking on its attraction over time. But the US clearly is determined to take a much more activist role.

Pyatt: No, exactly. And I think we’ve got to do something to make it stick together because you can be pretty sure that if it does start to gain altitude, that the Russians will be working behind the scenes to try to torpedo it. And again the fact that this is out there right now, I’m still trying to figure out in my mind why Yanukovych (garbled) that. In the meantime there’s a Party of Regions faction meeting going on right now and I’m sure there’s a lively argument going on in that group at this point. But anyway we could land jelly side up on this one if we move fast. So let me work on Klitschko and if you can just keep… we want to try to get somebody with an international personality to come out here and help to midwife this thing. The other issue is some kind of outreach to Yanukovych but we probably regroup on that tomorrow as we see how things start to fall into place.

Nuland: So on that piece Geoff, when I wrote the note [US vice-president's national security adviser Jake] Sullivan’s come back to me VFR [direct to me], saying you need [US Vice-President Joe] Biden and I said probably tomorrow for an atta-boy and to get the deets [details] to stick. So Biden’s willing.

Pyatt: OK. Great. Thanks.

http://www.bbc.com/news/world-europe-26079957 - 116k -

President Obama Meets with Prime Minister Yatsenyuk of Ukraine

Megan Slack
March 12, 2014
07:21 PM EDT

Today, President Obama held a bilateral meeting with Prime Minister Arseniy Yatsenyuk of Ukraine.

In their meeting, the President and Prime Minister Yatsenyuk discussed how to find a peaceful resolution to Russia’s ongoing military intervention in Crimea that would respect Ukrainian sovereignty and territorial integrity. They also discussed support the international community can provide to help Ukraine confront its economic challenges, and the importance of uniting Ukraine and working to fulfill the aspirations of the Ukrainian people as they prepare for May presidential elections.

http://www.whitehouse.gov/…/03/12/president-obama-meets-prime-minister-yatsenyuk-ukraine - 67k -

G7 promises to ‘move swiftly’ with sanctions against Russia

By Laura Smith-Spark, Gul Tuysuz and Victoria Butenko,

CNN
Fri April 25, 2014

Ukrainian Prime Minister Arseniy Yatsenyuk accused Russia of aiming to occupy his country “militarily and politically,” claiming that Russia wants to start a third world war.

http://www.cnn.com/2014/04/25/world/europe/ukraine-crisis/ -

Biden son’s appointment to Ukraine gas company raises no conflict of interest, White House says

REUTERS / Wednesday, May 14, 2014, 8:33 AM

http://www.nydailynews.com/…/white-house-denies-conflict-hunter-biden-article-1.1791465 -

 
Comment by MightyMike
2014-06-10 16:30:03

Rio,

At this point, we don’t get much oil from the Middle East. There a number of countries much closer that provide most of what import. That was probably also the case during the Clinton Administration.

More importantly, the Persian Gulf is not our gulf. It’s not our job to police it. Think about it this way. The US and Canada are major exporters of wheat. It’s in the vital national interests of many countries around the world that we produce and export lots of wheat. What would we think if some foreign navy decided to control the waters off our coasts to make sure that the shipments of wheat keep moving? How about a foreign power making threats to impose regime change on us if they didn’t like something our government did?

 
Comment by "Auntie Fed, why won't you love ME?"
2014-06-10 18:10:56

Let us go, through certain half-deserted streets,
The muttering retreats
Of realtoRs in one-night cheap hotels
And sawdust restaurants with oyster-shells:
Streets that follow like a tedious argument
Of the seller’s intent
To lead you to an overwhelming question….

 
Comment by RioAmericanInBrasil
2014-06-10 18:14:25

there a number of countries much closer that provide most of what import. That was probably also the case during the Clinton Administration.

Actually, distance is mostly irrelevant to the global price of oil’s affect on America’s national interest in light of boycotts from the world’s largest oil producer. Oil is fungible.

What would we think if some foreign navy decided to control the waters off our coasts to make sure that the shipments of wheat keep moving?

Apples and oranges in light of the West’s role in MidEast oil capacity development. Foreign powers have not had decades long deals and not spent billions of dollars and lost thousands of lives for almost a century developing USA wheat. Like it or not, that is what position we are in, the deals made and the history. A lot of what we did is dirty, but less dirty than what they attempt to do to us sometimes and to their own people all the time (especially their women) imo.

How about a foreign power making threats to impose regime change on us if they didn’t like something our government did?

Well if they had close to the power to do it that we do, and it was to change something we did approaching the MidEast’s spitting on democracy, free-speech, the treatment of their women and their total lack of development outside of our technology to develop their oil, I would not know what to think.

 
 
 
 
 
Comment by Blackhawk
2014-06-10 05:55:29

Economist: U.S. Banks Preparing to Charge Customers For Deposits
Negative interest rates coming to USA

“Banks will most likely pass these negative interest rates on to consumers, or at least try to. They may try to do so not by explicitly charging a negative interest rate, but by paying no interest and charging a fee for account maintenance,” he writes.

What about Americans? Will they also soon be charged by the bank simply for depositing their own money? Yes, according to economist Martin Armstrong.

Armstrong, who is noted for calling the 1987 economic crash to the very day, warns that U.S. banks are preparing a raft of new account fees that will serve as a de facto negative interest rate.

http://www.infowars.com/economist-u-s-banks-preparing-to-charge-customers-for-deposits/

Comment by MacBeth
2014-06-10 06:37:28

I truly don’t understand what the big deal is.

Your government does this and that’s been deemed acceptable by the masses, including many on this board who believe ObamaCare and/or nationalized healthcare is a good idea.

As it stands, tens of millions get to pay a 1% tax to the government for something they don’t use. Many here seem to have no issue with that - largely because they aren’t being subjected to the same.

Now, many here will get to join the club to which tens of millions already belong via ObamaCare. Welcome!

That banks will be doing this to you rather than the federal government does not matter. They are one and the same.

Unlike ObamaCare, at least you aren’t forced to keep your money in a bank, or to do business with them. Perhaps that will change. Perhaps soon you will be forced to keep money in a bank at a net loss to yourself…or else pay a fine made payable to the banks.

Comment by Blue Skye
2014-06-10 06:45:11

The Federal Reserve taxes your dollar holdings constantly, and has done so for a century.

Comment by Whac-A-Bubble™
2014-06-10 07:55:30

It is somehow more tolerable when the taxation is through the stealth mechanism of inflation rather than the explicit mechanism of negative interest rates.

But maybe it is hard to create inflation when there is so much excess capacity in the global economy?

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Comment by In Colorado
2014-06-10 08:35:29

As it stands, tens of millions get to pay a 1% tax to the government for something they don’t use. Many here seem to have no issue with that - largely because they aren’t being subjected to the same.

The overwhelming majority isn’t “being subjected to the same” because they have some form of insurance.

But if banks start with negative interest, the majority will be affected. And they will be displeased. Though I suspect that if individuals were to move their savings to Credit Unions or their mattress, that the Banking Clan would just yawn. In fact, I wouldn’t be surprised if banks are doing this on purpose, to get rid of individual depositors. Who needs them when you can borrow all you need from the FedRes?

Comment by Blue Skye
2014-06-10 12:34:29

I won’t be affected. My cookie jar is not going to charge me for deposits.

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Comment by Tenacious D.
2014-06-10 08:25:47

Oh, the horror!

You are hard-pressed to find a bank that doesn’t do this already. That’s why I bank online with my insurer. Haven’t paid a fee in a decade.

 
Comment by In Colorado
2014-06-10 08:27:10

Economist: U.S. Banks Preparing to Charge Customers For Deposits
Negative interest rates coming to USA

Time to switch to a credit union?

 
 
Comment by j-j-j-joe
2014-06-10 06:07:06

Interesting graph of school ratings by state:

http://places.findthebest.com/v/1404/States-by-School-Rating-SAT-ACT-AP-NAEP

2Ban would be proud.

Comment by Albuquerquedan
2014-06-10 06:49:51

Joe, do you really think that political ideology really creates this map? I would like you to overlay on this map the minority populations of each state. I think you will find almost perfect correlation between the size of the minority populations and the results. If you went beyond state data and did it town by town, you would find many towns in Texas that had high scores but they would also be towns where the white and/or northern Asian populations were high. We cannot solve a problem that it is too politically incorrect even to talk about.

Comment by scdave
2014-06-10 07:10:00

you would find many towns in Texas that had high scores ??

Ditto with California…

 
Comment by j-j-j-joe
2014-06-10 07:17:53

Probably more to do with income and parental education levels. It’s silly to act like all whites are equal, for example. It’s also silly to act like the highest-achieving states like New Jersey, Maryland, and Connecticut are bastions of whiteness. They are anything but.

Comment by Ben Jones
2014-06-10 07:25:25

‘It’s silly to act like all whites are equal’

Always dicing and slicing.

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Comment by j-j-j-joe
2014-06-10 08:34:59

Re slicing and dicing —

My point is at some point it comes down to individuals and communities, not race or even the racial makeup of those communities. Resources and systems play a big role in forming the minds of kids of any race and obviously that includes white kids.

 
Comment by Housing CEO
2014-06-10 09:51:16

What’s the point of high scores anyway if the kids will become bankers, lawyers and politicians?

 
Comment by "Auntie Fed, why won't you love ME?"
2014-06-10 18:16:46

And the afternoon, the evening, mocks the homemoaners with its Mariachi band.
Prodded by pointed fingers,
Asleep … tired … or the stench malingers.

 
 
Comment by Albuquerquedan
2014-06-10 07:31:23

Joe even among your cherry picked states Connecticut is more white than the nation as a whole. I do not have time to check the other two but Maryland would clearly benefit from the federal government hiring employees and attracting higher IQ people. Clearly, not all whites are equal. However, my main point is valid and you know it despite trying to dance around it and trying to find exceptions to the rule. We spend 2 to 3 times the amount of money on education that we did in the 1970’s even after adjustment for inflation but we have seen no rise in test scores in fact by some measurements they have dropped. The changing demographics explains this drop and throwing money at the problem will not solve it. However, it will result in the high tax rates of the states controlled by the Democrats and their unions.

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Comment by oxide
2014-06-10 09:36:59

but Maryland would clearly benefit from the federal government hiring employees and attracting higher IQ people.

I can’t get to the graph, but A-dan are you being sarcastic?

 
 
 
Comment by RioAmericanInBrasil
2014-06-10 07:55:06

I would like you to overlay on this map the minority populations of each state.

We get it already. You think your white race is superior to black people.

We cannot solve a problem that it is too politically incorrect even to talk about.

That’s why I have the guts to point out that you think you are superior to black people. See? I am talking about it.

Comment by goon squad
2014-06-10 09:04:17

The black people living in my building who were born in Nigeria and Sudan are superior to the black people living in my building who were born in USA.

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Comment by MightyMike
2014-06-10 09:28:30

Dan would say that you need to test them before coming to that conclusion. Have you done that?

 
Comment by RioAmericanInBrasil
2014-06-10 09:31:55

The black people living in my building who were born in Nigeria and Sudan are superior to the black people living in my building who were born in USA.

Apparently they are not superior economically if they are all living in your same building.

 
Comment by goon squad
2014-06-10 09:35:38

Maybe I’m just an African-African supremacist who is continentalist against African-Americans.

 
Comment by MightyMike
2014-06-10 09:45:59

When those African immigrants get their citizenship they’ll be African-Americans.

 
Comment by oxide
2014-06-10 10:42:31

Apparently they are not superior economically if they are all living in your same building.

Not necessarily. Some might have low pay jobs who are stretching to live in the building; while others may have high pay jobs who are living well below their means. The second group is economically superior.

As for “testing,” everybody does that to everybody, every day, just in casual conversation. For example, the moment I posted that I had bought a house, this blog tested me and found me economically inferior. :razz:

 
Comment by Housing CEO
2014-06-10 10:43:41

When those African immigrants get their citizenship they’ll be African-Americans.

Not true. A guy at work calls himself Nigerian American.

 
Comment by RioAmericanInBrasil
2014-06-10 11:03:14

The second group is economically superior.

I thought of that but the variables can go on forever.

And I doubt the black people living in his building who were born in Nigeria and Sudan have a superior stance on women’s rights or women’s place in society.

 
Comment by oxide
2014-06-10 12:18:03

MightyMike would say that you would have to test the Nigerians and Sudanese in order to come to that conclusion.

Yeah, this can go on forever…

 
Comment by MightyMike
2014-06-10 13:22:00

I was referring to Dan’s fascination with IQ tests.

 
 
 
 
Comment by 2banana
2014-06-10 08:49:34

Government schools…

In democrat, public union goon controlled areas…

And unions are the top political contributors of ALL TIME…

That is how it adds up

——————–

Chicago Public Schools prom slogan: ‘This Is Are Story’
EAGnews.com | June 10, 2014 | Hilary Gowins

It’s hard to deny just how poorly Chicago’s public schools are performing when it hits you in the face. Such is the case with Paul Robeson High School’s 2014 prom theme: “This is Are Story.”

That image came from veteran investigative reporter Chuck Goudie, who posted this image on his Facebook page.

Some people might enjoy mocking the irony of the gross misuse of vocabulary.

Paul Robeson High School is located in the Englewood neighborhood on Chicago’s South Side, one of the poorest and most dangerous neighborhoods in the city. The high school also is part of the failing Chicago Public Schools, or CPS, system.

Four out of 10 CPS freshmen do not graduate.

If they do graduate, 91 percent have to take remediation courses in college because they do not know how to do basic math and school work. Just 26 percent of CPS high school students are college-ready, according to the ACT subject matter tests.

But while CPS students get left behind, their teachers receive generous compensation.

The average CPS teacher salary is $76,000. The last contract negotiations in 2012 gave CPS teachers 17 percent raises over three years.

The median household income in Chicago is just $47,408. The disparity is worse in Englewood, a neighborhood where 23.6 percent of residents are unemployed and the average per capita income is $12,255.

Something’s not adding up.

Students can’t spell. They can’t do math. They aren’t graduating. And they’re not being set up to succeed in the real world.

So why should CPS teachers be rewarded with raises?

 
 
Comment by taxpayers
2014-06-10 06:09:17

get a gov job and quit paying your student loan=sweet

Comment by j-j-j-joe
2014-06-10 06:18:50

You can put your loan on PAYE and then have it forgiven in 10 years under PSLF.

But if you stop paying your student loan entirely while working for the gov’t, they will just take the money from your paychecks and tax returns.

PSLF really is a good deal though.

 
 
Comment by j-j-j-joe
2014-06-10 06:12:23

Wall Street Journal published a predictable screed against Obama’s expansion of the PAYE student loan repayment program.
—————
(excerpt)

The Latest Student-Loan Charade

Having induced $1 trillion in debt, Democrats now want to write it off.

The taxpayer losses will come on some other President’s watch.

Specifically, Mr. Obama announced an expansion of the burgeoning disaster known as his Pay As You Earn program. This gift from taxpayers caps monthly student-loan payments at 10% of a borrower’s discretionary income, regardless of how much the borrower owes. Even better, the borrowers have their debts entirely forgiven after 20 years—or merely 10 years if they work in government or nonprofits. Those who work outside the profit-making economy don’t even have to report the forgiven loans as income.

http://online.wsj.com/articles/the-latest-student-loan-charade-1402356675

Comment by 2banana
2014-06-10 06:38:18

Bankers are happy.

They get ALL their money back, with interest, from the US Government.

No matter how insane their loans are.

Universities are happy - they can keep raising tuition rates way above the inflation rate without consequences.

Students are happy - they can keep borrowing without consequence.

Democrats are happy - obama can just make up laws without consequences.

So who loses?

What are the REAL consequences…???

Comment by Albuquerquedan
2014-06-10 06:52:02

The people that are most happy are those professors teaching GBLT studies.

 
Comment by Mr. Banker
2014-06-10 06:52:28

“Bankers are happy”

Always.

Comment by Mr. Banker
2014-06-10 06:56:29

Heads I win, tails I … well ain’t that sumtin’, if it’s tails I still get to win!

Bahahahahahahahahahahahahahahaha

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Comment by Mr. Banker
2014-06-10 07:00:34

The only way to win against Mr. Banker is to not play his game.

But because people are told that they are smart they will forever continue to play.

You can’t lose with the stuff I use.

 
Comment by "Auntie Fed, why won't you love ME?"
2014-06-10 18:19:28

I am giving you a dreidel for Christmas, Mr. B.

 
 
 
Comment by Avocado
2014-06-10 18:18:40

What plan does the GOP have? History shows us what they do when they have full control…..spend, spend, spend…… *Bush.

right…..nada….

they just whine….

 
 
 
Comment by Sean
2014-06-10 07:15:02

I can’t find a single house or townhouse for sale in my area (suburban MD) that had any gains in the past several years. You’d have to go back to 2003 or earlier to see any profit. Whether it was sold in 2007 or 2011 or 2013 all of them had a previous sale price higher than the current listing price.

I really like one house, but the current owners put in an in ground pool which took up about 80 percent of the back yard. With maintenance costs, insurance costs and having little kids I just don’t want that, and it seems most don’t care for it either. It’s been on the market (short sale) for $400,000 for about six months now. It sold for $540,000 in 2007.

Comment by Housing Analyst
2014-06-10 12:21:28

Sounds like a $115k house… no?

 
Comment by "Auntie Fed, why won't you love ME?"
2014-06-10 18:21:54

No! I am not the Wolf of Wall Street, nor was meant to be;
Am an attendant tenant, one that will do
To swell a progress, start a scene or two,
Advise the internet; no doubt, an easy tool,
Deferential, glad to be of use,
Politic, cautious, and meticulous;
Full of high sentence, but a bit obese;
At times, indeed, almost ridiculous—
Almost, at times, the Greater Fool, BUT NOT QUITE.

 
 
Comment by rms
Comment by "Auntie Fed, why won't you love ME?"
2014-06-10 18:24:08

I like picture #14. With the classy toilet paper roll.

 
 
Comment by Ben Jones
2014-06-10 08:09:18

From the “it had to happen eventually” file:

‘Woman Robs Bank While Chatting on Cell Phone’

Comment by RioAmericanInBrasil
2014-06-10 08:18:32

Authorities describe her as in her early 20s, 5-foot-4 to 5-foot-6, with a skinny build.

And with a pocket full of cash. Sounds like a fun date.

Comment by In Colorado
2014-06-10 08:28:53

I’m certain that money has already gone up her nose.

Comment by goon squad
2014-06-10 15:45:58

In her arm, dude. This is 2014.

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Comment by AbsoluteBeginner
2014-06-10 08:32:36

You know what freedom is? It is your 15 year old car passing inspection. Another year of freedom from getting potentially pulled over with an out-of-date inspection sticker. In my world, the more I stay off the radar, the more I can ignore the drama of the world.

Comment by 2banana
2014-06-10 08:44:47

The NSA has noted your opinion…

 
 
Comment by 2banana
2014-06-10 08:54:52

Carl’s Jr CEO Explains Why Nobody Is Hiring Young People
Zero Hedge | 06/10/2014 | Tyler Durden

In February the Bureau of Labor Statistics (BLS) recorded the lowest percentage of 16- to 19-year-olds working or actively looking for work (32.9%) since the bureau started tracking the data in 1948…

Over the past two years, the BLS has recorded some of the worst labor participation rates for 20- to 24-year-olds since 1973…

Looking at the seasonally unadjusted data—which is what the BLS makes publicly available—for 25- to 29-year-olds, the April 2014 labor-participation rate was the lowest the BLS has recorded since it started tracking the data in 1982

Nonetheless, various states and municipalities have increased their minimum wage, thereby increasing the cost of employing inexperienced workers. Minimum-wage jobs have always been a gateway to better opportunities. ..

The bottom line on labor: Make something less expensive and businesses will use more of it. Make something more expensive and businesses will use less of it. The Congressional Budget Office has forecast a loss of 500,000 jobs should the president’s proposal to increase the federal minimum wage to $10.10 an hour become law.

ObamaCare is also increasing the cost of hiring inexperienced workers. The health-care law requires that businesses with more than 50 full-time employees offer medical insurance to employees working 30 or more hours a week. The administration knows that the employer mandate will kill jobs and has twice delayed implementing it. With an election on the horizon, American businesses know that these delays were political and that the mandate’s economically damaging impact is in the pipeline, coming their way.

Comment by Avocado
2014-06-10 18:20:43

Romneycare is not working out for the USA. Darn him!

 
 
Comment by 2banana
2014-06-10 08:56:38

Harry Reid Sells House And Literal Gold Mine To Move To Las Vegas
KITCO.COM | 6/9/14 | upi

Senate Majority Leader Harry Reid is selling his Nevada estate and its mining claims to move closer to his family in Las Vegas.

Located in Reid’s hometown of Searchlight , the 110 acre property and its eight mining claims were sold to Nevada Milling and Mining for $1.7 million to build a gold-mining operation.

 
Comment by RioAmericanInBrasil
2014-06-10 10:14:12

Come on Americans. Knock it off! You’re starting to make us look like a bunch of nuts. Take up a hobby or read a book.

Shooter and 1 Student at Portland, Oregon, High School Confirmed Dead: Police
NBCNews.com - ‎3 minutes ago‎

A shooter fatally shot one student at a suburban Portland, Oregon, high school Tuesday morning, authorities said. The gunman is also dead.

Comment by 2banana
2014-06-10 10:29:42

List of countries by intentional homicide rate

Honduras 91.6 Americas Central America
Venezuela 79.0[10] Americas South America
El Salvador 69.2 Americas Central America
Ivory Coast 56.9 Africa Western Africa
Belize 41.4 Americas Central America
Jamaica 40.9 Americas Caribbean
U.S. Virgin Islands 39.2 Americas Caribbean
Guatemala 38.5 Americas Central America
Saint Kitts and Nevis 38.2 Americas Caribbean
Zambia 38.0 Africa Eastern Africa
Bahamas 36.6 Americas Caribbean
Uganda 36.3 Africa Eastern Africa
Malawi 36.0 Africa Eastern Africa
Lesotho 35.2 Africa Southern Africa
South Africa 31.8 Africa Southern Africa
Trinidad and Tobago Americas Caribbean
Congo 30.8 Africa Middle Africa
Colombia 30.8 Americas South America

Brazil 21.8 Americas South America

United States 4.8 Americas Northern America

http://en.wikipedia.org/wiki/List_of_countries_by_intentional_homicide_rate

Comment by RioAmericanInBrasil
2014-06-10 10:44:11

List of countries by intentional homicide rate

Brazil 21.8 Americas South America

United States 4.8 Americas Northern America

And Brazil only has 15 million guns vs USA’s estimated 300 million. So it’s not the number of guns.

But USA has like 20 school shootings of innocent kids compared to every one Brazil has. And way more serial killers, And workplace killings.

The difference on perception on this killing thing is that the world knows Brazil is dangerous but the world thinks America is nuts.

Comment by "Auntie Fed, why won't you love ME?"
2014-06-10 18:26:47

Do kids go to school in Brazil mostly?

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Comment by FavelaTouro
2014-06-10 19:51:13

Lola runs a school for orphans, giving back his riches to the poor.

 
 
 
 
 
Comment by Blue Skye
2014-06-10 10:30:49

My employer’s fiscal year starts next month so it is open enrollment time for the employer group health insurance plan. The cost to my employer jumped about $5,000 per employee.

Comment by 2banana
2014-06-10 10:38:42

Hope and change…

Someone has to pay for the free health care of all the illegals coming to America

If you complain - you are a racist.

Comment by Avocado
2014-06-10 18:23:02

I wonder why congress doesnt do anything to fix this “problem.”

health care costs has been an issue for 40 yrs.

 
 
Comment by Housing CEO
2014-06-10 10:46:14

A small admission fee into civilizations.

 
Comment by goon squad
2014-06-10 10:51:59

Obama = One Big A$$ Mistake America

Comment by Avocado
2014-06-10 18:24:23

What did Obama do? Any details?

 
 
Comment by 2banana
2014-06-10 10:56:29

Your price as “Obamacare makes us more civilized”

 
Comment by AZtoORtoCOtoOR
2014-06-10 11:12:48

Sure would be nice if all those young people that voted him in would start paying for their healthcare.

I envy the young folks today. Free healthcare and now almost free money for school - especially if you don’t have a job. I have to re-think what I have been teaching my kids all these years. Fortunately, they are young enough to take full advantage of all the freebies being offered by the President.

Comment by MightyMike
2014-06-10 11:25:29

Don’t forget the free K-12 education.

 
Comment by "Auntie Fed, why won't you love ME?"
2014-06-10 18:28:21

The point of Obamacare is to make young people subsidize old people, not the other way around. Same with offshoring, social security, and selling government bonds.

 
Comment by Avocado
2014-06-10 18:28:51

We had free health care before for illegals and poor people - they called it the emergency room. The insurance co’s run the show and ream us all, ahead of them are attorneys!!! Doctors are so scared of malpractice, the order all kinds of unnecessary test. I know, I am married to one.

what changed? nada!

Obamacare had the life sucked out of it by congress. The need to keep working on it, stop being quitters who do nothing.
VoTE THEM ALL OUT!

How come other countries can do it better?

 
 
Comment by In Colorado
2014-06-10 11:25:04

The cost to my employer jumped about $5,000 per employee.

Mine was unchanged.

Comment by Blue Skye
2014-06-10 12:55:40

Colorado,

Did your employer state that their costs for same coverage is/will be unchanged? Mine was also unchanged until today!

 
 
 
Comment by RioAmericanInBrasil
2014-06-10 11:10:57

The cost to my employer jumped about $5,000 per employee.

Either you’re talking jive, your employer is talking jive or your insurance was/is jive. Maybe your employer should get on the ObamaExchangeTrain.

Obamacare Sticker Shock? Unlikely For Most In 2015
5/25/2014

http://www.forbes.com/sites/brucejapsen/2014/05/25/obamacare-sticker-shock-unlikely-for-most-in-2015/

Forbes:
As health plans begin next month to submit their 2015 rate increases for Americans buying private coverage under the Affordable Care Act, it’s unlikely most of these individuals will have sticker shock, several reports and statements from health insurance executives indicate.

The Urban Institute, which has been closely tracking the rollout of the health law, just last week threw cold water on the prospect of “skyrocketing premiums.”

The Institute’s report, linked here, said “surprisingly low” premiums this year would continue, particularly in areas where there has been more competition. Meanwhile, there have been several companies including UnitedHealth Group (UNH) and a host of Blue Cross and Blue Shield plans say they are looking at expanding to new markets, which could create even more competition. No major carriers have said they would pull out of any markets.

“Fears of skyrocketing premiums in 2015 may be unfounded as marketplace enrollment continues to grow and insurance companies vie to remain competitive,” John Holahan of the Urban Institute wrote in a report linked here, said. “While there may be reasons to believe that premiums will increase substantially, particularly in less competitive markets, there are even stronger reasons to believe that premium increases will be moderate, and in line with underlying cost growth.”

Comment by goon squad
2014-06-10 11:24:55

7 million people get Obamacare, and 100+ million with employer provided coverage get double digit premium increases

Obama = One Big A$$ Mistake America

Comment by RioAmericanInBrasil
2014-06-10 11:43:27

7 million people get Obamacare, and 100+ million with employer provided coverage get double digit premium increases

Your cause and effect math assumption has no basis in reality.

7 million being newly insured can not be the cause for 100+ with employer provided coverage to “get double digit premium increases”.

How could they? Because part of those 7 million newly insured have pre-existing conditions? This would not matter too much. Because 10’s of millions of those 100+ with employer provided coverage have pre-existing conditions too. You know employer based coverage cannot deny for pre-existing conditions right?

Your math is wrong.

 
 
Comment by 2banana
2014-06-10 11:41:04

Obamacare makes us more civilized

Comment by RioAmericanInBrasil
2014-06-10 12:37:14

Obamacare makes us more civilized

And Civilization is not free. It never has been and never will be.

The Price of a Civilized Society for Workers
Americans should let corporations know we’re willing to pay to help workers

http://www.northwestern.edu/newscenter/stories/2012/12/opinion-nielsen-huffington-post.html

…….It is time for Americans to let the corporations we patronize and depend upon know that many of us want all workers — especially low-wage workers — to have civilized working conditions and access to health care. And we are willing to pay.

Demonizing Obamacare and the low-wage workers who will benefit from it underestimates Americans’ commitment to a social safety net. Most Americans are with workers because most Americans are workers. We are willing to pay a small charge for our Papa John’s pizza and wait a day to shop so our friends and neighbors can enjoy a civilized life where everyone is able to enjoy family holidays and access health care when they (or their children) are ill.

Most Americans, I presume, are happy to pay to help protect the real job creators: our waiter at Denny’s, our cashier at Walmart and the guy who bakes our Ding Dongs.

In October of 2011, in the absence of Obamacare, the rising cost of providing health insurance forced Walmart to cut back on modest health insurance benefits they provide to some of their employees. In fact, employees who work fewer than 24 hours per week are no longer eligible and full-time workers began having to pay more to keep their benefits, shifting uncovered workers onto Medicare if they needed health insurance.

When workers at companies like these are not receiving health care, the price of our flapjacks and household goods were artificially underpriced. It’s time for Americans to pay up and Obamacare is an inexpensive way to do it.

….When all workers have decent working conditions and universal health care, we become a more civilized society. And if our pancakes, pizza or household goods cost a few cents more, many of us are happy to pay. Certainly some Americans will say it is up to the individual to pay for his or her own health care, but in the absence of affordable individual coverage for low-wage workers, a small tax on business is an efficient and fair way to guarantee civilized working conditions for all workers.

- Laura Beth Nielson is associate professor of sociology and director of the Center for Legal Studies at Northwestern University.

Comment by Blue Skye
2014-06-10 15:21:34

We hear that Rio is an open cesspool.

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Comment by Avocado
2014-06-10 18:30:36

Like RomneyCare did for MA. ;)

 
 
 
Comment by RioAmericanInBrasil
2014-06-10 11:18:39

“Obamacare makes us more civilized”

Totally. And here’s a good example on how ObamaCare makes USA more civilized.

“Just Let ‘em Die.”

http://www.youtube.com/watch?v=yva0VSN1_T4

Teapartiers shout out “yeah!” when Wolf Blitzer asks Ron Paul if society should just let an uninsured person who needs long-term care die.

Comment by goon squad
2014-06-10 15:16:31

baggers gonna bag

and obamacare isn’t ’socialized medicine’, it’s corporate welfare for the insurance industry

Comment by Avocado
2014-06-10 18:32:05

+1, the attorneys win again!

Pass TORT REFORM, what prices drop. But…. our country is run by attorneys…. we lose.

 
 
 
Comment by phony scandals
2014-06-10 15:38:14

Now thought crime is terror in U.S.

by Greg Corombos | WND | June 9, 2014

The Justice Department is resurrecting a program designed to thwart domestic threats to the United States, and Attorney General Eric Holder says those threats include individuals the government deems anti-government or racially prejudiced.

The Domestic Terrorism Executive Committee was created in the wake of the 1995 Oklahoma City bombing but was scrapped soon after the 2001 terrorist attacks as intelligence and law enforcement officials shifted their focus to threats from outside the country. The committee will be comprised of figures from the FBI, the National Security Division of the Justice Department and the Attorney General’s Advisory Committee.

In his statement announcing the return of the committee, Holder said he remains concerned about the specter of attacks prompted by Islamic extremists, but he said this committee will be tasked with identifying other threats.

“We must also concern ourselves with the continued danger we face from individuals within our own borders who may be motivated by a variety of other causes from anti-government animus to racial prejudice,” Holder said.

According to reporting from Reuters, the American Civil Liberties Union is pushing back against the DOJ plan, fearing “it could be a sweeping mandate to monitor and collect controversial speech.”

Conservative groups are alarmed on multiple levels. First, they see themselves once again the target of an administration that disagrees with them philosophically.

Comment by RioAmericanInBrasil
2014-06-10 16:15:31

“We must also concern ourselves with the continued danger we face from individuals within our own borders who may be motivated by a variety of other causes from anti-government animus to racial prejudice,”

(Conservative groups) see themselves once again the target of an administration that disagrees with them philosophically.

I’m not agreeing with it or not but what about what Holder said up there “disagrees philosophically” with conservatives? That we need to concern ourselves with dangers from other causes other than Islamic extremists? That dangers caused by anti-government animus and racial prejudice are not dangers? Repubs are the “law and order” party. What did Holder say that goes against this conservative philosophy?

the American Civil Liberties Union is pushing back against the DOJ plan

I like the ACLU’s consistency.

 
Comment by Blue Skye
2014-06-10 16:38:27

So, if the First Lady goes to a conference for Black Women to celebrate and advance the power of Black Women, is she a terrorist?

How is being Islamist being racist?

If I am anti-Vegan or Anti-Transgendermogrification, am I a terrorist?

It’s so confusing.

Comment by RioAmericanInBrasil
2014-06-10 18:20:10

So, if the First Lady goes to a conference for Black Women to celebrate and advance the power of Black Women, is she a terrorist?…It’s so confusing.

Got strawman?

Or are you really that confused? If so, I’m sorry.

Comment by Blue Skye
2014-06-10 19:14:58

I am not confused.

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Comment by rms
2014-06-10 17:40:05

“Conservative groups are alarmed on multiple levels. First, they see themselves once again the target of an administration that disagrees with them philosophically.”

+1 Disagrees with them philosophically is aka sedition.

 
 
Comment by Colorado Renter
2014-06-10 16:07:57

Denver has officially surpassed the bubble!

http://www.denverpost.com/business/ci_25930634/buyers-jump-inventory-and-prices-rise-denver-metro#disqus_thread

Pretty sustainable looking chart they got going there…

Comment by rms
2014-06-10 17:42:37

“Pretty sustainable looking chart they got going there…”

+1 LOL.

 
Comment by "Auntie Fed, why won't you love ME?"
2014-06-10 18:31:22

Though I have seen my retirement (grown slightly bald) brought in upon a platter,
I am no prophet—and here’s no great matter;
I have seen the moment of some bubbles flicker,
And I have seen the eternal Footman hold my coat, and snicker,
And in short, I was afraid.

 
 
Comment by Muggy
Comment by Housing Analyst
2014-06-10 18:23:12

Those crater forming cracks are appearing across the country.

Get out now.

Comment by "Auntie Fed, why won't you love ME?"
2014-06-10 18:42:29

Zillow shows Phx down m-o-m (per sq ft). I hope the trend continues.

Comment by FavelaTouro
2014-06-10 19:54:30

The other day you said inventory was down. What was your source on that? Linkee?

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Comment by "Auntie Fed, why won't you love ME?"
2014-06-10 18:33:44

You should have been a pair of ragged hooves
Scuttling across the hardwood floors of Washington DC.

Comment by Housing Analyst
2014-06-10 18:37:07

Hee haw!!! Snort

 
 
 
Comment by RioAmericanInBrasil
2014-06-10 19:13:18

The truth is funny sometimes. Be careful what you wish for.

Cantor upset in Virginia GOP primary by Tea Party backed challenger
Fox News - ‎25 minutes ago‎

House Majority Leader Eric Cantor lost his GOP Virginia primary race Tuesday night in a stunning upset to Tea Party-backed challenger Dave Brat.

Comment by FavelaTouro
2014-06-10 19:57:29

Ru-roh! Looks like the Tea Party has some legs. Bad for Lolas.

 
 
Comment by Bill, just South of Irvine, CA
2014-06-10 19:22:42

Who would have thunk? Emerging Markets up about 7% YTD while the S&P 500 up by 6% YTD. I thought Emerging Markets stocks were dead a couple months ago. The breakaway was Mid-February, it appears.

Comment by Bill, just South of Irvine, CA
2014-06-10 19:47:26

Even better: Dodge and Cox International stock up 8.67% year to date. Leaving USA stocks in the dust.

Comment by Bill, just South of Irvine, CA
2014-06-10 20:37:50

Who says the USA is the only market to make money in?

 
 
 
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