Bits Bucket for November 13, 2014
Post off-topic ideas, links, and Craigslist finds here.
The Housing Bubble
Examining the home price boom and its effect on owners, lenders, regulators, realtors and the economy as a whole.
About Me
Name:Ben Jones
Location:Northern Arizona, United States
To donate by mail, or to otherwise contact this blogger, please send emails to: thehousingbubble@gmail.com
PayPal is a secure online payment method which accepts ALL major credit cards.
Links
-
April 2024 M T W T F S S « Sep 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
Photo Submission: hbbphotos@gmail.com
View the HBB Photo Gallery *updated 4/13/2008
Encino, CA Sale Prices Turn Negative YoY; Plummet 9% MoM and 12% YoY
http://www.zillow.com/encino-los-angeles-ca/home-values/
http://www.marketwatch.com/story/more-refinancing-borrowers-cash-out-home-equity-2014-11-10
By Amy Hoak LOL
Thousand Oaks, CA Sale Prices Crater 5% YoY
http://www.zillow.com/thousand-oaks-ca/home-values/
Falling prices is positively bullish and good for the economy.
“Falling prices is positively bullish and good for the economy.”
But … but … but … one doesn’t borrow money backed by gasoline prices but he does borrow money backed by house prices, so falling house prices in our consumer-based-borrowed-money economy will act to undermine out borrowed-money economy because as the house prices drop so does the equity drop and as the equity drops the borrowing power of homebuyers drops and as their borrowing power drops the home buyer’s spending drops and as their spending drops the economy goes into stall mode.
And one could think of all of this as being absolutely crazy but nevertheless, there it is.
If one were to look at our consumer-based economy and pay close attention to just where - ultimately - consumers get the money they use for all this consumption then one may discover that the ultimate source is money that is borrowed.
If this is true then we not only have a consumer-based economy we also have a borrowed money economy. Connect these two terms together and - presto! - we will come up with the term “consumer-based-borrowed-money-economy”.
If the strength of one term weakens then this weakening affects the strength of the other term - which means both terms need to remain strong for the economy to keep on chugging along.
When then I guess you shouldn’t have borrowed so much money and bought a house at an inflated price.
I should have bought two houses instead of one so as to do my patriotic duty in keeping the economy humming along.
At what loss to you?
And poof! There go your IRAs and pensions as Big Government refuses to take the hit.
Scottsdale, AZ Sale Prices Dive 9% YoY
http://www.zillow.com/scottsdale-az/home-values/
Scottsdale going negative by almost 10% YoY should scare the hell out of Phoenix. That’s where the money is. Maybe people will buy houses when out here for the Superbowl.
Newton, MA(Boston Metro) Sale Prices Turn Negative On Year; Plummet 12% QoQ and 11% MoM
http://www.zillow.com/newton-ma/home-values/
Fort Lee, NJ(NYC Metro) Sale Prices Crater 17% YoY
http://www.zillow.com/fort-lee-nj/home-values/
Philadelphia, PA Sale Prices Turn Negative On Year; Down 2%
http://www.zillow.com/philadelphia-pa/home-values/
Naperville, IL(Chicago Metro) Sale Prices Crater 5% YoY
http://www.zillow.com/naperville-il/home-values/
Public employee unions are an abomination and evil. Anything beyond civil service protections is a taxpayer raping. Everyone knows this.
But with all the cops, firefighters, teachers, Border Patrol agents and prison guards already unionized, how can you ever end it?
It just will not ever happen without some major event causing a societal restructuring. (Same with the Wall Street shills and crooks).
I forgot to add another large chunk of public union employees: the TSA.
Back in the stone age the Border Patrol came to my college to recruit. IIRC the starting pay in the mid 80’s was the princely sum of 14K per year.
I just took a looksie online. Starting pay now is about 33K.
If you’re gonna be a cop, be a municipal cop or a state trooper in one of the more generous states or municipalities.
How much is the typical Secret Service agent paid?
According to the secret service website, starting pay is as low as 44K. LAPD starts at 49K. CHP starts at 74K.
“we’re going to tax those evil insurance companies.”
“we just tax insurance companies, they pass on higher prices,”
“It’s a very clever basic exploitation of the lack of economic understanding of the American voter.”
THIRD Gruber Video Reveals How Administration Sought to Hide Obamacare Tax
by Paul Joseph Watson | November 12, 2014
Despite claiming that he spoke “off the cuff” when he said that a “lack of transparency” was key in fooling ‘stupid Americans’ to accept the passage of Obamacare, a third video has emerged of MIT economics professor Jonathan Gruber in which he admits that the administration exploited Americans’ “lack of economic understanding” to hide the fact that ACA was a direct tax on the customer.
The clip comes from a November 5, 2012 speech at Rhode Island University. In the first part of the video, Gruber laments the fact that Americans do not have to pay tax on health insurance provided by employers.
The MIT professor then explains how under Obamacare, Americans’ “lack of economic understanding” would be exploited so as to make them think that the “evil insurance companies” were the ones being taxed, when in reality the companies simply “pass on higher prices” to the customer.
“I have been making this speech for twelve years and people would come up to me and say, ‘but wait a second you’re going to tax my heath insurance?’ And I’d say no, no, no! We’re going to tax subsidies on your health insurance. And they’d go ‘you’re going to tax my heath insurance?’ And you just can’t get through its politically impossible. So despite the fact we thought we might get this as part of the law it was going to be dead.”
“Until a second Massachusetts hero arose, John Kerry. John Kerry said no-no we’re not going to tax your heath insurance, we’re going to tax those evil insurance companies. We’re going to impose a tax that if they sell health insurance that’s too expensive we’re going to tax them. And conveniently the tax rate will happen to be the marginal tax rate on the income tax code. So basically it’s the same thing – we just tax insurance companies, they pass on higher prices, that offsets the tax break we get into being the same thing. It’s a very clever basic exploitation of the lack of economic understanding of the American voter.”
Gruber’s arrogance in publicly acknowledging that the administration, with whom he helped craft Obamacare after being paid $400,000 dollars, would utilize dirty tricks to hide the fact that ACA was a de facto tax being imposed directly on Americans, is rivaled only by his deception in attempting to explain away his comments.
——————————————————————————
Thanks to Tarara Boomdea
THIRD Gruber Video Reveals How Administration Sought to Hide Obamacare Tax
How is all of this coming out now AFTER the election. I’m starting to be suspicious of the timing.
Good observation. I’m suspicious, too, especially since (Republican) John Roberts cast the deciding vote in the Supreme Court FOR Obamacare, on the basis that it was a tax.
This is all boob bait. Gruber’s probably having coffee with Roberts and having a chuckle over the whole thing.
Boob bait.
The more important thing to note is:
Why is it that only now has this possibility crossed your mind? You’re both smart people…why didn’t you spot this earlier?
Remember NeoCons=Progressives.
In thought, in deed, in result.
Washington, DC, is the wealthiest metro area across all the land. Yet, it produces very little wealth. How did that happen? Not through ethics and morals.
That Roberts was a NeoCon-Progressive was proven not now. Not last week. It was proven the day he came down with his decision.
NeoCons got a seat at the big boy’s table when George Bush the elder became vice president.
Why he was selected to run as VP in 1980 is what interests me. Why him? Why then? Because the Fed wanted it? (Did the Fed assassinate Kennedy?) There’s a story there waiting to be told.
“Why is it that only now has this possibility crossed your mind? You’re both smart people…why didn’t you spot this earlier?”
And I’ll remind you that I DID spot this earlier and have posted at various times on this blog about it.
And in fact you added commentary on the neoprogs when I did.
Well, good. It was hard for me to believe that this would dawn on you only now.
Good to see I was wrong.
Some believe Roberts was blackmailed. American Thinker disagrees, has their own analysis.
http://mrconservative.com/2013/05/16722-was-chief-justice-roberts-blackmailed-into-supporting-obamacare-maybe/
http://www.americanthinker.com/articles/2014/02/the_ghost_and_john_roberts.html
http://www.westernjournalism.com/john-roberts-likely-protecting-obamacare/
He wasn’t blackmailed. it was a conscious decision, one made for his own betterment.
Roberts is on The Supreme Court! Since when does his family take precedence over the citizenry?
That’s not his job. Crapping on the citizenry for his own benefit is not part of the job description. Those in government are not to throwing others on swords -they’re supposed to fall on them first.
They are to act in the Public Trust.
From the mrconservative story:
“What’s more interesting, if this whole theory is true, is how it affects the American people: There’s absolutely no doubt that Roberts, who truly adores those children, would sacrifice his professional ethics to keep them. Indeed, if the Irish adoption story is true, he already sacrificed his professional ethics to get them. The fact that this could destroy the American economy and turn the IRS from a scary administrative agency into a true fascist, bureaucratic monster, would be of little concern to him.”
“Good observation. I’m suspicious, too,”
I don’t think Gruber ever thought any ‘stupid Americans’ would ever see or hear of it. After all it wasn’t on Dancing with the Stars, Inside Edition or Monday Night Football.
I saw Charley (Bilderberg) Rose have to give the lead on this story this morning on CBS. After the words came out of his mouth his face looked like he had just taken a bite out of a big sh#t sandwich.
PBS’s Charlie Rose Runs Away From Bilderberg Questions - YouTube
http://www.youtube.com/watch?v=3o1O7PX23fw - 178k - Cached - Similar pages
May 31, 2012 …
18% of GDP for health care isn’t enough, it should be at least 25%
That’ll show those Euro-socialists who’s boss
USA! USA! USA!
Our healthcare is stratifying itself into 3 groups:
1) Those with “Cadillac” private insurance (usually employer provided)
This group gets to see the doctor, has access to medication and can have pricey procedures done.
2) Those covered by the government.
Both groups (Medicare and Medicaid) have near and long term funding issues. Many doctors won’t accept Medicaid patients.
3) Those with HD plans with deductibles big enough to buy a used car.
These people won’t see the doctor as most can’t afford the $140 for the office visit. Outpatient care for minor non-emergency surgery also won’t happen, so they’ll live with their carpal tunnel and other ailments. They might even put off stuff like gall bladder removal and simply live with chronic pain. Good thing we don’t have rationing in the USA.
or just go to the emergency room when a prescription runs out and the next dr appointment is in 2 weeks………..claim ohbahma covers you………….i dont pay for nuthin……treat me like an illegal………..or else
Told ya.
This time last year I was peppering this board with frequent posts on this very subject. I had no hard proof, but I had all the proof I needed:
I knew the IRS was involved.
I also knew that Washington, DC, was the wealthiest metro area across all the land.
All so easy to draw the lines. So simple that most are blind to see it.
And conveniently the tax rate will happen to be the marginal tax rate on the income tax code.
Yes, but WHOSE marginal tax rate??? Every income bracket’s marginal rate is different.
Russia buying up gold at these firesale prices while the Fed, ECB, and Japan print money to pump up stock markets.
http://www.telegraph.co.uk/finance/commodities/11226240/Putin-stockpiles-gold-as-Russia-prepares-for-economic-war.html
Buying gold when your currency has just crashed???
Buying gold can be a way of disappearing grafted loot.
The Russian Ruble is in parabolic decline. It has lost 50% of its value to the USD. If I had any of Russia’s paper, I’d sure like to swap it for something less elastic. JMO, we should not be poking these people in the face with a sharp stick just now.
Japan Yen is nose diving too. They are doing QE Biggie size compared to what we did. I wonder if this won’t lead to shock in China, them being in the throws of a Huge Debt Ponzi crisis. China pegs to the USD, and is supposed to have reserves, but who knows really and if these are also highly leveraged, or if they will have the strength not to devalue. I have my guess, which is no. We are here looking at minor changes in things economic at home, trying to catch a signal, when on the other side of the globe the implosion signals are flashing.
Buying gold/silver/platinum/palladium is insurance against monetary inflation of your currency on the one hand, and insurance against government changing the rules on your 401ks and IRAs to effectively significantly reduce their value on the other hand.
Electronic assets are low hanging fruit. Government knows all your account numbers of your brokerage accounts and retirement accounts. Government can enact a 10% tax that would take less than a second to exact. Meanwhile, government will have to send IRS paramilitary teams door to door to collect any valuables like precious metals. Which of those scenarios would more likely incite a revolution?
Jonathan Gruber says
Everyone Must Check In
It will be good for you
Wall Street Journal - Latinos Lag Under Health Law
“One quarter of Hispanics in the U.S. lack health insurance, the highest rate for any racial or ethnic group, according to census data … During the first year’s sign-up period, just 2.6 million of an estimated 10.2 million uninsured Hispanics eligible for coverage enrolled in health plans, according to an October report by the Department of Health and Human Services”
Buying health insurance is for whitey
If you’re brown and poor, just go to the emergency room, they all speak Spanish there, and most importantly it is FREE
Even better, if you up the melanin a tad and fly in from some African country, you get free health care and if the hospital screws up and you die, your family will be provided for.
http://www.msnbc.com/msnbc/family-thomas-duncan-settles-dallas-hospital
Like a Phoenix from the ashes
“a second Massachusetts hero arose, John Kerry. John Kerry said no-no we’re not going to tax your heath insurance, we’re going to tax those evil insurance companies.”
This is what happens when you become a blind follower.
Like your typical religious nutcase, those who believed in The Messiah and in Big Government have gotten theirs on a silver plater.
Just like the typical religious nutcase, they’ll continue to willingly add to the tithe.
This is an article about white youts displacing black and brown poors in USA cities
http://www.washingtonpost.com/blogs/wonkblog/wp/2014/11/12/what-happens-when-housing-for-the-poor-is-remodeled-for-millennials/
Wait, wait, I though millennials couldn’t get jobs to pay for housing and are living in their parents’ basements.
I’m so confused.
Wall Street Journal - Why Are So Many Workers Still Part Time?
Article has a bunch of graphs and statistics and math that makes my head hurt, the most important takeaway from which is that there is no “pent-up demand” for $500,000 starter homes
http://blogs.wsj.com/economics/2014/11/12/why-are-so-many-workers-still-part-time-seven-charts/
“This sucker could go down” — George W. Bush, 2008
Related article about the recoveryless recovery
MarketWatch - Job openings are on the rise — so why isn’t the U.S. hiring?
http://www.marketwatch.com/story/job-openings-are-on-the-rise-so-why-isnt-the-us-hiring-2014-11-12
The future belongs to Lucky Ducky
Why are so many workers still part time?
The stupidity of that boggles the mind. ObamaCare anyone?
Where is the incentive to employ anyone?
Where is the incentive to take risk?
Most importantly, where is the incentive to generate wealth?
Answer: There isn’t any. Our society now is one of “I have mine, so screw you”.
The march to part time employment being the norm predates Obamacare by decades. Have you forgotten about the woman who told dubya that she had three part time jobs? And his response (How uniquely American) indicated that he thought that was normal?
I haven’t forgotten. Nor did I say it started with ObamaCare.
I cited ObamaCare because The Messiah said it was he who would change the trend. He didn’t. He exacerbated it.
On purpose.
When did he say that he would reverse the part time job trend?
I haven’t forgotten. Nor did I say it started with ObamaCare.
It was your first bullet point.
Or, “how do I reduce my AGI enough to qualify for the subsidies?”
One way is to maximize HSA contributions rather than fund either a taxable or Roth IRA.
Government can’t tax contributions coming or going with HSAs. Plus, it improves your AGI. Plus, it’s portable, no matter if you switch jobs or retire. Plus, all income or stock gains generated via an HSA is tax-free. Plus, you can usually pay your ObamaCare bills with it.
I’ll have to check whether you can have an HSA and also qualify for ObamaCare subsidies. I see no reason why not. If so, parents could gift their individual children $3K annually while the child sees their paycheck reduced by $3K annually.
Gift your kids the money tax-free; they pay less in income taxes as a result. They also get, in a sense, limited self-funded private health-care insurance.
Notice the lack of Big Government promotion of HSAs.
That can mean only one thing: Somehow they are beneficial to the citizenry and not to themselves.
If HSA’s are so hated by the government, then why would government give HSA’s a tax exemption? Without that tax exemption, there’s no reason for an HSA. Even with the exemption, the use-it-or-lose it was is a dealbreaker for me.
Tax incentive for money that the health insurance company gets to pocket eventually anyway? That’s the hallmark of private sector moneygrubbing and lobbying.
A few years ago my insurance company (employer paid) told me the unspent money in the account at the end of the year went back to the employer, not the insurance company.
Got TABOR?
Denver Business Journal - Two tax refunds possible in Colorado
http://m.bizjournals.com/denver/morning_call/2014/11/9news-two-tax-refunds-possible-in-colorado.html?r=full
A small refund (about $40) but IIRC the last time we got a TABOR refund was in the late 90’s.
Bloomberg - What the Economy Has Done to the Family
“Divorce among 50-somethings has doubled since 1990. One in five adults have never married, up from one in ten 30 years ago. In all, a majority of American adults are now single, government data show, including the mothers of two out of every five newborns.”
http://www.bloomberg.com/news/2014-11-10/how-the-bad-economy-breaks-up-families.html
Dinged credit? Card issuers are happy to lend
John W. Schoen | @johnwschoen
Monday, 10 Nov 2014 | 3:22 PM ET
Consumers with dinged credit are back in a borrowing mood, and lenders are more than happy to give them new credit cards, according to new data.
Since the Great Recession ended five years ago, consumers have been gradually taking on more debt and lenders have been accommodating them, easing up on tighter standards.
Much of the growth has been in so-called non-revolving credit, especially car loans, thanks to record low interest rates. But revolving credit—mainly in the form of credit cards—is picking up. And the
biggest growth in new credit cards is coming from so-called subprime borrowers whose credit scores are less than 660, according to the latest Equifax data.
Through July of this year, banks handed out cards to 9.8 million subprime consumers, a six-year high and an increase of 43 percent from the same period last year. Another 7.8 million cards have been issued to subprime borrowers by retailers this year, up 13 percent from 2013 to an eight-year high.
Lenders are also giving subprime borrowers higher credit limits. Bank-issued card limits jumped to $12.7 billion for the first seven months of the year—up 4 percent from the same period a year ago to a six-year high. Retailers lifted their card limits by 16 percent to $6.8 billion, an eight-year high.
http://www.cnbc.com/id/102170149
Fueling an even large collapse.
Get out of debt and stay out and hold onto every dollar you’ve got. You’ll be glad you did.
An economy so dependent on consumerism is like eating ones own tail.
B-but, but, monopolies and their control of speech and ideas are part of the free market! Just look how well the MSM brings us the news. That’s efficiency!
Prepare to witness the sheep being herded into opposing net neutrality. Next we’ll be told net neutrality is part of sharia law.
Ted Cruz Says Net Neutrality Is ‘Obamacare For The Internet’
Sen. Ted Cruz (R-Texas) came out swinging after President Barack Obama wholeheartedly endorsed new internet regulations Monday morning.
Cruz, who is mulling a run for president in 2016, compared the entire concept of “net neutrality” — which posits that internet companies should not be allowed to speed or slow down their services for certain users — to Obama’s much-maligned healthcare reform.
‘”Net Neutrality’ is Obamacare for the Internet; the Internet should not operate at the speed of government,” Cruz wrote on Twitter.
Read more: http://www.businessinsider.com/ted-cruz-net-neutrality-is-obamacare-for-the-internet-2014-11#ixzz3IxYhue00
Tech is a fraud, cannibalizing itself. Facebook, Twitter, Instagram, all those little app-ey time wasters are not making a real dime. The equipment companies are in a downward spiral, including Apple. The market for HDTVs, Computers, Tablets and smartphones is saturated way past the point of the growth they’re used to from the initial adoption wave. And phones and tablets eat into computer purchases and into each other. The prices of all of these items are constantly falling due to improvements and their only model for continued growth is planned obsolescence (forced upgrades) and tricking consumers into things they don’t want or need, like newer models that do not add anything to the experience. The big tech wave has passed, same as housing.
You forget about big data. Storage continues to grow, and with it servers. Consumer tech is only part of the picture, and most players are abandoning it. Enterprise is where it’s at.
Big Data is a big problem. As big a problem as Big Pharma, but mostly in different ways.
Definitely a problem for freedom. But from a business perspective it is growing.
Technology is a control freak’s dream come true.
Both at work and in private life.
Micro-management 24/7.
For family, colleagues, acquaintances and strangers alike.
I have a different take on technology. I started this blog on a free Google platform. Some of you may remember that in 2005 someone at Google then took all my blogs down, and it was only the intervention of a LA Times reporter that got them back.
The new plan to make ISPs a utility; when I moved recently, the best option was Cox cable. The installer told me, “Google is planning to put in gigabite/second service and Cox is going to be forced to upgrade first”. Well now they are doing it and in the process gave me a doubling of internet speed for free! I’d like to point out that it is the competition that is pushing this innovation. That’s right; capitalism. And if it was a government regulated utility, do you think we’d be getting gigabite service?
When the NSA scandal broke, I suggested the phone carriers would be pressured by some one making an encrypted phone. Now Apple and Google have introduced encrypted phones, and the government is howling mad about it. Did these companies make this change because they care about our privacy and rights? No, they did it to protect their bottom line. Again, capitalism working for what the customers want and need.
What does the government do with technology? Use it to build a police state.
IMO, technology (real tech, Facebook uses 20 year old stuff) holds great promise and great danger. Our challenge is to use our power as consumers to keep our liberties and freedom of speech intact. Because the government has made it clear they will use every advance to spy on, monitor and track us.
And we have to keep from walking into a telephone pole.
But we shouldn’t let those few companies that have been granted utility access to that telephone pole to then use that to control what content “makes it” to the internet that we receive.
Who do you think they would give preferential access to, this site or the NAR? They could easily make this site “disappear”, or at least be relegated to the dinosaur lane, if we loose the net neutrality that we enjoy today.
Capitalism is making it a non-issue, by speeding up all access. Recall the AT&T days. Regulated monopoly. Charging everybody out the ying-yang for long distance. Same old black phones for decades that you had to rent. Broken up, regulator backs up and poof! Prices plummet.
I don’t trust the government to regulate the internet. Look at what they are doing with the technology they have.
I’ve heard people several times guess at how/why Google is doing their “Google Fiber”. I think what you describe is exactly why.
Will they ever be as big a provider as Comcast? Doubtful. But if all they end up doing is forcing Cox/Comcast/Verizon/AT&T to boost speeds to 1GB/sec at low prices, Google benefits.
It makes it more pleasant to surf the web, watch YouTube, use Google Docs, use Google Drive, etc. The more people stay online, the money Google makes.
At those speeds, an entirely new internet is possible. Think of the virtual interactions that will emerge. And it’s here. Obviously, Cox was just sitting on the technology cashing checks. Now they are running around upgrading every strip of cable, every connection, to make it work. Viva la capitalism!
Do you really believe the gov’t won’t have a “backdoor” into these supposedly encrypted phones?
Capitol Report
Foreclosure filings climb 15% in October
By Ruth Mantell
Published: Nov 13, 2014 9:28 a.m. ET
WASHINGTON (MarketWatch) — The pace of new foreclosures picked up last month as more troubled properties were pushed through the system, according to data released Thursday.
In October, there were default notices and other foreclosure filings reported on more than 123,000 U.S. homes, up 15% from September — the largest monthly growth since foreclosure activity peaked in early 2010, online foreclosure marketplace RealtyTrac reported.
…
It is fascinating to me that properties that were financed in 2009-2012 are already going into default. But what about the millions of defaulted houses from 2000-2008? They’re all still sitting there
There is an article linked from the Drudge Report titled “All 50 States Will See Freezing Temperatures”
This is how a narrative is framed
Because cold weather means that “global warming” isn’t happening
See also:
http://www.nytimes.com/2014/10/31/us/why-republicans-keep-telling-everyone-theyre-not-scientists.html
This one is for Sandy I mean Amy Hoax
How renting may pave a faster road to riches
ByKathy KristofMoneyWatchNovember 13, 2014, 6:00 AM
Are you better off buying or renting a home? If you’ve listened to the traditional advice, you’re likely to believe buying is the better choice, providing tax benefits and giving you a leg up on long-term wealth. However, a new study by HelloWallet contends that the buy vs. rent equation has been tainted by bad assumptions.
http://www.cbsnews.com/news/renting-may-offer-a-faster-road-to-riches/ - 82k -
Another article linked from the Drudge Report notes that “both legal and illegal immigrants and their minor children made up 42 percent of Medicaid growth from 2011 to last year”
The real journalists at the New York Times and the Washington Post do not report about this, why is that?
#ClowardAndPiven
#FundamentalTransformationOfAmerica
Another article linked from the Drudge Report notes that “both legal and illegal immigrants and their minor children made up 42 percent of Medicaid growth from 2011 to last year”
So what difference will a Shamnesty make?
That sentence is a little deceptive. Children of illegal immigrants born in America are citizens and eligible for Medicaid. Their parents are not. Amnesty could make those parents eligible for federal benefits.
The news is not really surprising. We hear quite a bit that immigrants, both legal and illegal, take jobs that Americans don’t want. One reason that Americans don’t want those jobs is because they don’t include health insurance as a benefit.
This is the top headline on the Drudge Report website right now
http://www.foxnews.com/politics/2014/11/12/source-obama-to-announce-10-point-immigration-plan-via-exec-action-as-early-as/
And if you oppose any of this you are a racist
Like a Phoenix from the Border
Pelosi explained, “We are all Americans — north and south in this hemisphere,” and urged America to see this as not a crisis but an opportunity
As I posted recently, open your wallets taxpayers, because you’ve got 34 million more Free Sh*t Army to pay for
Got Enterovirus D68?
So Pelosi was saying to see this as an opportunity to use Obamacare to try and cure your first grader of Enterovirus D68 who caught it sitting next to the American who just got here from the southern hemisphere.
Like we’ve said here before - let them show us how.
I think it’s time for Ms Pelosi to take in a handful of new borders. And let them ride cruise around with her in her limosine.
Let Washington serve as an example, too. I say let DC start the experiment first, by asking 3-4 million illegals live with them, in their homes, in the District of Columbia.
Oxide - care to start a petition or a fund raiser to make that happen? I think you should. Let me know, and I’ll send you a dollar.
Nancy and the rest of the Limousine Progressive NIMBY’s want this sea of humanity to take up residence in our cities and towns, they (the LPN’s) don’t even want to see one immigrant come into their peripheral vision unless they show up to clean the mansions or manicure their expansive grounds.
#LetThemEatCake
Because it’s good to be the king
The Richest 0.1% Is Now Worth Nearly As Much As The Bottom 90%
“Over the past three decades, the share of household wealth owned by the top 0.1% has increased from 7% to 22%”
http://www.businessinsider.com/the-richest-01-is-now-worth-nearly-as-much-as-the-bottom-90-2014-11
If only we could grow government even bigger - we could solve this crisis
Not being in debt makes one “feel” like they are 0.1%.
‘When the lights change at the Shibuya crossing in Japan’s capital, one of the world’s busiest pedestrian thoroughfares, hundreds of people with their eyes glued to smartphones pick their way over the road. Despite being engrossed in the latest instalment of Candy Crush or busy chatting with their friends on messaging app Line, most manage to weave around cyclists, skateboarders and fellow Tokyoites.’
‘But the growing ranks of these cellphone addicts are turning cities like Tokyo, London, New York and Hong Kong into increasingly hazardous hotspots, where zombified shoppers appear to be part of vast games of human pinball. “Hey, watch it!” barks a middle-aged salaryman as a hipster typing on his smartphone slams into him during one recent Friday evening crush hour.’
“Incidents involving people walking or on bicycles account for 41 percent of phone-related accidents,” Tetsuya Yamamoto, a senior official at Tokyo Fire Department’s disaster prevention and safety section, told AFP. “If people continue walking around looking at their phones, I think we could see more accidents happening.”
‘The results, based on a fairly average 1,500 people swarming over the road at any one time, were alarming: 446 collisions, 103 knockdowns and 21 dropped phones. Only around a third get to the other side without incident.’
‘That 82 of the 103 who fell to the ground managed to cling onto their precious phones tells its own story.’
‘Japanese media reported that around half of the 56 bodies recovered from the peak of a volcano after a recent eruption were found clutching mobile phones with photos of the deadly lava and ash on them.’
‘Apparently, they had thought it important to be able to show their social media friends what was happening than to try to save themselves.’
What I enjoy most nowadays is the increasing number of drivers who RIDE RIGHT ON YOUR TAIL because they’re in such a hurry to stop at a red light.
Why?
To text, talk and play games on their portable devices, that’s why.
‘based on a fairly average 1,500 people swarming over the road at any one time…Only around a third get to the other side without incident’
So you’re concerns about the incentives for risk-taking above at 08:32:39 are unwarranted. Plenty of Americans are taking risks.
When someone tails me, I just move over. That way they can rear end someone else.
When I voted last Tuesday in New Hampshire they asked myself and everyone else who was voting for their ID. I thought this was illegal? Not that I minded doing it…I tend to favor voter ID requirements generally speaking, but I was a bit surprised because of all the complaints about such requirements being unconstitutional and racist. Perhaps because New Hampshire is almost entirely white the racism objection doesn’t apply here, so they can get away with it without anyone complaining?
I love the voter racism narrative. It makes me smile. It assumes that people of color are the only ones, or disproportionately the only ones who don’t have ID’s. Those who frame this argument think so little of people of color that they believe they are too incompetent or incapable of going to the DMV for themselves and obtaining an ID, which is easy for anyone who is a citizen to do.
To make this fair, though, the law should state that a driver’s license is not acceptable ID. That would force everyone to go and make a special trip to the DMV to get an ID to use to vote.
That wouldn’t make a lot of sense. It would make more sense to allow these people who supposedly do not have the means to obtain an ID to use the ID they used to get their public benefits as a voter ID.
‘Time to stock up on the ramen noodles. The average cost of attending college crept up again this year, the College Board said Thursday. When adjusted for inflation, students are paying more than triple what students paid 30 years ago to attend a public, four-year institution and about 2.5 times more to attend a private nonprofit or two-year public one.’
A comment:
‘Any time easy money is available, prices will rise. When the government made it easy for anyone to borrow large amounts of money, the logical reaction was for colleges to make sure nothing was left on the table. Imagine if the feds decided that every 18 year old is entitled to get guaranteed loans for a house and a car for which payments need to begin years later - the prices of housing and autos will go up purely because of supply and demand.’
‘And now the players are staging act 2 - we got the loans and our degrees in basket weaving; now the students are saying, “don’t you dare demand we pay it back”
“Any time easy money is available, prices will rise. When the government made it easy for anyone to borrow large amounts of money, the logical reaction was for colleges to make sure nothing was left on the table. Imagine if the feds decided that every 18 year old is entitled to get guaranteed loans for a house and a car for which payments need to begin years later - the prices of housing and autos will go up purely because of supply and demand.”
Perhaps Big Government really is God. It certainly has created a society in its own image.
It would be much wiser to become a plumber. Less school no debt and you’ll make more money. In fact Bloomberg did an article on such a thought.
Getting out of debt takes courage and persistence. Take my word for it as a former debtor the freedom is intoxicating.
Imagine no payments - now imagine immeasurable freedom.
a poor man confuses “leverage” for “wealth”.
Whazzup with gold prices (yellow & black)?
And if stocks are really due for a nearterm 10% (or whatever) correction, wouldn’t it be prudent to get out now, rather than get caught holding a falling knife?
Hat tip - ritholtz….
http://www.ritholtz.com/blog/2014/11/the-worlds-wealth-in-2014/#more-133608
He’s a clown and system mouthpiece.
1 in 3 Chicagoans living paycheck-to-paycheck
Posted: Nov 13, 2014 10:18 AM EST Updated: Nov 13, 2014 10:18 AM EST
CHICAGO (FOX 32 News) -
One in three Chicago residents can’t go more than a month without a paycheck.
According to the Springleaf Financial Strength Survey, 33 percent of Chicagoans are living paycheck-to-paycheck.
It also found that one in three Chicagoans has less than $250 in their bank account before payday and they’re not consistently adding to any savings.
The survey says rising costs and unexpected expenses are the main reasons for the lack in savings.
Comment by phony scandals
2014-11-13 16:25:06
1 in 3 Chicagoans living paycheck-to-paycheck
myfoxchicago.com/story/27375552/1-in-3-chicagoans-living-paycheck-to-paycheck
Region VIII checking in
marvin gaye - time to get it together
http://m.youtube.com/watch?v=orxEYm4sjSo
From the album “Here, My Dear”, which referred to the alimony he was being made to pay after his first divorce.
SRV- Tightrope, Austin City Limits. Best live solo performance in career. Dead months later.
http://youtu.be/GX5ioDq1m5I
Jonathan Gruber was created as a wooden puppet, but dreamed of becoming a real boy.
He has also been used as a character who is prone to telling lies and fabricating stories for various reasons
Father: a woodcarver named Geppetto