November 19, 2014

Bits Bucket for November 19, 2014

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




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273 Comments »

Comment by frankie
2014-11-19 02:29:12

David Cameron has told MPs that the government will stick to its economic strategy amid growing threats to the recovery from global instability.

The prime minister said the UK was “leading the pack” in its performance but there were growing “warning signs” elsewhere, with weak growth in Europe and a slowdown across Asia.

Only by holding firm, he said, could a “better future” be secured for the UK.

http://www.bbc.co.uk/news/business-30075810

Is he a lone voice or are other politicians warning?

Comment by Raymond K Hessel
2014-11-19 04:45:57

What Cameron is really saying is that enriching the oligarchs who control his administration, and all three Establishment UK parties, will remain his top priority despite rising anger from the 99% over the shafting they’re getting.

Comment by frankie
2014-11-19 05:10:45

I think he’s lining us up for another shafting by blaming “events”, it was not him, it twas events.

 
 
 
Comment by Jingle Male
2014-11-19 03:40:57

One of the children wants to buy a home on the San Francisco peninsula. What a challenge. He went to see a $600k fixer upper on Sunday and there were 40 buyers there when he arrived and 20 more arriving when he was leaving. It’s a mess.

Comment by Whac-A-Bubble™
2014-11-19 05:27:17

Bad time to buy there…

Comment by azdude
2014-11-19 08:15:51

more doom and gloom today?

Comment by Housing Analyst
2014-11-19 09:23:21

AZ_Fraud. Welcome back!

Cheer up and remember….. Falling housing prices to dramatically lower and more affordable levels is positively bullish and good for the economy.

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Comment by Avocado
2014-11-19 11:23:43

It has been a “bad time” to buy there for 80 yrs. Prices just keep going up. The Chinese love SF.

Comment by Housing Analyst
2014-11-19 11:33:55

Yet sellers are slashing prices all over SF and California in general….. yet demand continues to collapse.

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Comment by Avocado
2014-11-19 12:24:33

yet, multiple offers still happen. no deals in my area

 
Comment by Housing Analyst
2014-11-19 13:18:22

Nonsense.

 
Comment by Avocado
2014-11-19 13:29:38

My county is #1 for COL. No cheap houses, and low paying jobs. But spectacular beauty, cool people and perfect weather.

 
Comment by Housing Analyst
2014-11-19 17:11:06

Collapsing housing demand and falling prices.

 
Comment by Avocado
2014-11-19 17:53:41

Comment by Housing Analyst
2014-11-19 17:11:06
Collapsing housing demand and falling prices.

What date did this start? What was happening before that date?

 
Comment by Housing Analyst
2014-11-19 18:18:08

Housing demand has been collapsing in CA for a good long time. And prices too.

 
Comment by Avocado
2014-11-19 19:33:20

What date did this start? What was happening before that date?

 
Comment by Housing Analyst
2014-11-19 19:44:26

Doesn’t matter. Housing demand is collapsing in CA. And prices are falling.

 
Comment by Avocado
2014-11-20 09:40:49

LOL!

 
Comment by Housing Analyst
2014-11-20 10:44:56

Falling.

 
 
 
 
Comment by oxide
2014-11-19 05:45:30

From yesterday:

—————-
Comment by oxide
2014-11-18 10:53:52
I predicted this would happen. Why buy a house in San Fransicso or an effing floating box of air in Miami when you can buy entire blocks of Oil Cities, where there is potable water and clean air, pre-laid sewage systems, decent roads, natural gas delivery, etc.?

Comment by Jingle Male
2014-11-19 03:18:05
Cause you have to live there?
—————-

In this post, I was referring to Chinese who are buying up American properties with cash. They don’t appear to be tied to any office or company, therefore they don’t have to live in SF or Miami or anywhere else. They have their pick of the whole country. For a half-mil, they could buy 4-5 houses in any Oil City, fix them up, rent them to family, send the kids to the cental campus of the state university system (most are pretty good), and use their absconded cash to live frugally by shopping at the local Wal-Mart.

By the way, saw the comment about Florida being recourse. You’re right, it is recourse. Florida is going to be a BLOODBATH (even more than it already is) when they let loose the dogs of debt collection. I hope they go after the feisty nurses and the SMOYQXKIJGAKZIAK, LYNNs and other “victims” who had the gall to blow several hundred large and then brag proudly as they squatted in “their” homes.

Comment by Mr. Banker
2014-11-19 06:45:35

“Florida is going to be a BLOODBATH (even more than it already is) when they let loose the dogs of debt collection.”

YES! It’s time to clear out some space in my vault and fire up a fresh batch of popcorn.

Bahahahahaha … Amy, are you out there? If you find you can’t make any money bringing suckers to my dotted lines maybe you can switch careers and become a collector?

Whatever you decide to do you’d better get to work and do it; My ever-hungry vault is in need of some very serious feeding.

Bahahahahahahaha .. Amy works, I reap.

Life is good.

Bahahahahahahahahahahahahahahahahahahahahahaha

 
Comment by Avocado
2014-11-19 13:27:31

Cheaper to buy us (with our iPhone dollars) than invade us.

 
Comment by Jingle Male
2014-11-19 16:08:16

Oxy, I think the herding instinct is a powerful force. I think foreigners like the safety of living among their peers, or least the relative safety of a multicultural society. Oil City is pretty uniform and not so welcoming to new cultures.

 
 
Comment by Housing Analyst
2014-11-19 05:48:36

Of course there was Jingle_Fraud.

 
Comment by Shillow
2014-11-19 06:27:27

SF and NY real estate should be ignored. As should the cities themselves. Only a fool would sentence their family to such a fate.

Comment by Housing Analyst
2014-11-19 06:29:08

Would you live in a place where there are bars on the windows everywhere you look?

Comment by iftheshoefits
2014-11-19 06:55:54

These days, if I run afoul of the wrong enforcers, I may not have a choice, if you catch my drift…

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Comment by Housing Analyst
2014-11-19 07:12:37

I do.

 
 
 
 
Comment by Blue Skye
2014-11-19 08:04:29

I’m curious, is the son ’s income 1/10th of the price of this “fixer-upper” or less? Did you discuss with him that paying 3x purchase price over 30 years will require 30 years worth of his gross income?

Comment by Guillotine Renovator
2014-11-19 14:19:26

You are talking to a speculator. Why waste your time with facts? This dude’s playing Russian Hill roulette.

 
Comment by Jingle Male
2014-11-19 16:15:12

Income is $370k/year.

They are trying to find something below $600,000, preferably needing work. This gives them the satisfaction of owning and perhaps creating value, without much at risk in a market downturn.

They are saving up a bigger cash war chest for if and when the market in the SF Bay Area craters again (yes it did get hammered in 2008-09). That is when they will go for something they only dream about owning today.

They saw how dad did it in 2008-10 and like that model.

Comment by Guillotine Renovator
2014-11-19 16:20:15

“They are trying to find something below $600,000, preferably needing work. This gives them the satisfaction of owning and perhaps creating value, without much at risk in a market downturn.”

Wow. I mean, WOW. Nothing to see here folks, move along, nothing to see here…

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Comment by reedalberger
2014-11-19 16:44:05

Tell them good luck, we’re all counting on them.

https://www.youtube.com/watch?v=SmHeP9Sve48

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Comment by Jingle Male
2014-11-19 22:02:15

Nice cut from a funny movie!

 
 
Comment by Blue Skye
2014-11-19 17:17:18

“They saw how dad did it…”

Oh.

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Comment by Housing Analyst
2014-11-19 22:45:20

Yeah cuz junior wants to be an underwater fool like DaddyFraud.

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Comment by Raymond K Hessel
2014-11-19 04:44:26

Another ‘Murican sees the light after his Obamacare cost doubles.

http://www.zerohedge.com/news/2014-11-18/one-readers-shocked-response-upon-learning-his-health-insurance-cost-just-doubled

How can that increase occur in a “free market” economy? Did I miss something? Has some input cost leaped exponentially in order to double the price I pay? Or has private industry colluded with government to rig the markets (again) in their favor?

How much longer will the American people allow corporations to rip them off in collusion with the government? Fuck this bogus economy and government captured by corporations. Where is the leader who will rise up from the masses and snuff out the corp/govt nexus before it imprisons us all in debt serfdom police state?

Do you think for one minute that freaking Mitch McConnell, Harry Reid, Nancy Pelosi, John Boehner or anyone newly elected or previously elected cares one shit about my wife and kids or what we pay for crappy health care that we cannot afford to access due to high deductibles? Those fucks cannot see beyond the next donor phone call, and only come clucking out of the hen house in order to give voice to the latest party certified political meme, be it ‘freedom’, ‘liberty’, ’security” or some other hollowed out focus group tested bullshit sound bite.

Comment by 2banana
2014-11-19 06:41:25

obamacare was passed without a single republican vote in the house or senate.

it was passed in the senate on Christmas eve.

The democrat leader of the house said ‘We have to pass it to find out what is in it”

obama laughed with glee when he signed it…

Comment by Dman
2014-11-19 06:47:15

So what if Repubs didn’t vote for it? Majority rules. Obamacare is giving millions of people health care. Republicans gave America 5,000 “casualties” and a trillion dollar bill for Iraq. When people say the parties are the same they should think about that.

Comment by 2banana
2014-11-19 06:57:30

Progressive/liberals are a funny lot. They can’t even keep a coherent idea for one post.

So what if Repubs didn’t vote for it?

When people say the parties are the same they should think about that

Yep - no difference in parties.

There seems to be no difference in parties when democrats are in power and their massive corruption/lies become apparent.

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Comment by Rental Watch
2014-11-19 15:47:45

“Republicans gave America 5,000 “casualties” and a trillion dollar bill for Iraq.”

In the House, the Authorization for Use of Military Force Against Iraq Resolution of 2002 passed 297 to 133.

Of the 297 there were 215 Republicans, and 82 Democrats.

In the Senate, the bill passed 77 to 23, with 48 Republicans and 29 Democrats (Feinstein, Biden, Kerry, Clinton, Schumer were all “Yeas”).

In neither case did the Republicans have enough votes to act without at least some Democrats being on board.

Colin Powell was at the front of the war parade.

I thought it was a bad idea at the time (and got into some significant arguments with some in my office about it), but it wasn’t shoved down the throats of the US by one party without a single vote from the other party.

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Comment by MightyMike
2014-11-19 16:39:56

Why do you mention Colin Powell? Wasn’t he a Republican at the time?

 
Comment by Rental Watch
2014-11-19 16:54:23

I mentioned him because he’s generally a pretty well-respected by both the left and right and considered a thoughtful guy who doesn’t always toe the party line.

In other words, a guy considered to be pretty “middle of the road” was arguing for the bill, which was passed with bipartisan support–contrasting it with the ACA, which was being pushed predominantly by the left and only supported by the left.

 
Comment by rms
2014-11-19 18:58:58

“Colin Powell was at the front of the war parade.”

The neo-con’s obedient stooge.

 
 
 
Comment by rj chicago
2014-11-19 09:22:02

we’ve been grubered!!!

Comment by taxpayers
2014-11-19 11:16:02

MA GRuber
as on SNL

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Comment by Raymond K Hessel
2014-11-19 18:37:36

Yeah, and I didn’t see any Republicans making any real effort to block it.

 
 
Comment by Mr. Banker
2014-11-19 06:47:43

“Where is the leader who will rise up from the masses and snuff out the corp/govt nexus before it imprisons us all in debt serfdom police state?”

Who?

Shirley, you jest.

Comment by Dman
2014-11-19 07:15:32

I’m not sure, so don’t call me surely.

 
Comment by Selfish Hoarder
2014-11-19 08:37:36

Where is the leader who will rise up from the masses and snuff out the corp/govt nexus before it imprisons us all in debt serfdom police state?

The successful voluntaryist revolution needs no leaders.

 
 
Comment by goon squad
2014-11-19 07:21:29

Because American Exceptionalism = Health Care is 18% of GDP

“Colorado employers face an 8 percent increase in the cost of renewing employee health insurance plans for 2015, the latest in a decade of steep increases, according to a survey released Tuesday.

Almost 80 percent of employers surveyed said employees will be expected to pay for some or all of the cost increases.

Employer-sponsored insurance covers 60 percent of Coloradans, roughly 3 million people, compared with the 148,000 people covered through the state health exchange”

http://www.denverpost.com/news/ci_26963494/colorado-employers-health-insurance-rates-rise-8-percent

 
Comment by Oddfellow
2014-11-19 07:27:29

“his health care cost just doubled”

Am I misreading the article? Sounds like the guy is still paying less than he was before Obamacare, but this year he’s just paying a little less, while last year he paid a lot less. His costs may have doubled from last year to this, but he’s still paying less overall for his insurance.

Call him a whaaambulance.

Comment by Ryan
2014-11-19 07:40:19

Paying for something that is a mandate, not a choice. Don’t forget that part.

Comment by oxide
2014-11-19 08:39:57

Private insurance is not mandated. No one is forcing him to pay for private insurance. If he is so inclined, he may choose to pay only the emergency room TAX and take his chances. Don’t forget that.

[and for all you who have latched onto the latest teapot dome, I heed to the official decision of Chief Justice Roberts.]

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Comment by MacBeth
2014-11-19 07:43:28

Told ya.

ObamaCare will get continually worse…costs will continue to increase dramatically, with millions more getting trapped in its steely teeth.

You may be safe now…”employer paid”…you be very wise to assume that will not continue.

You will not continue to be lucky.

Comment by Avocado
2014-11-19 13:33:35

I would hope America is bright enough to improve it. Like we do with everything else. Do you drive a Model T or use MS-Dos?

We can adapt the best ideas from other countries and make our health care insurance affordable to all. Stop letting Blue Cross win.
Single payer? Competition across state lines?

Comment by Ben Jones
2014-11-19 13:37:07

‘Stop letting Blue Cross win’

That’s amusing. The insurance companies wrote this law and they are fighting hardest to keep it. I wonder why?

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Comment by Guillotine Renovator
2014-11-19 14:25:49

Could the gold silverware on the private jets have anything to do with it?

 
Comment by redmondjp
2014-11-19 14:27:36

And their current mantra is: “Raise that deductible!”

 
Comment by Avocado
2014-11-19 15:07:45

Nothing like an insurance co writing your health insurance care laws! That would not fly in France.

Did they write RomneyCare too?

We need more people like Elizabeth Warren to stand up to big biz cheating us taxpayers.

 
Comment by Raymond K Hessel
2014-11-19 18:39:12

Grow a brain. Elizabeth’s opposition to crony capitalism is as phony as her claimed (for affirmative action purposes) “Indian” heritage.

 
Comment by Avocado
2014-11-19 19:35:09

So… who stands up for the taxpayer? If not EW? No one else is even “phony” as you say.

 
 
Comment by Rental Watch
2014-11-19 15:53:58

If you want to keep Blue Cross from winning you need to pass a simple law:

“Healthcare providers cannot charge different payors (insurance or individuals) different prices for the same medical treatment or drug.”

If Blue Cross gets to pay $1k per diem for a surgical stay, so does Joe-Bob’s insurance #12.

In other words, the “sweetheart” deals that massive insurance companies get with hospitals by throwing their weight around, go away. Small insurance companies will all of a sudden be able to compete on a level playing field, and competition between insurance companies will rise dramatically, driving profit margins down naturally.

THAT is the thing that Blue Cross fears the most–

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Comment by Guillotine Renovator
2014-11-19 14:24:36

“Told ya.”

I see you type this with regularity, so let me “tell you” something. You haven’t told anyone jack.

 
 
Comment by In Colorado
2014-11-19 08:33:21

How can that increase occur in a “free market” economy?

There have been huge annual increases for decades. What’s new?

Of course, the answer is that healthcare in the US hasn’t been “free market” for about a century. You can only obtain it from the healthcare industrial complex and its officially licensed providers. Insurance companies, hospitals, big pharma, the AMA and others have all colluded to give us the highest healthcare costs on Earth.

Comment by 2banana
2014-11-19 08:45:28

Interestingly - health care not covered by insurance or government has been steadily going down in price.

Boob jobs, lasik, dental enhancements, lipo, etc….

Now why is that…?

Comment by oxide
2014-11-19 09:09:08

Because that’s not healthcare. Give me an effing break.

And where is HA to admonish you about “housing bro, housing.” ???

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Comment by Avocado
2014-11-19 17:25:12

how is a boob job, health care?

do poor people go to the e-room for an emergency boob job then skip out on the bill leaving taxpayers to pay the inflated bill (not the insurance rate)?

 
 
Comment by In Colorado
2014-11-19 09:21:05

Because you won’t die if you don’t get plastic surgery.

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Comment by 2banana
2014-11-19 09:32:19

Maybe it is because when health care isn’t “free” or if you actually have to pay for something out of your own pocket - prices come down.

OR

Why can I find affordable car and house insurance but not health insurance?

(hint - there is no obamacare for housing insurance)

 
Comment by MightyMike
2014-11-19 10:27:52

hint - there is no obamacare for housing insurance

So everything was absolutely wonderful just a few years ago before Obamacare?

 
Comment by Avocado
2014-11-19 19:36:40

+1 MightyMike!

 
 
Comment by MightyMike
2014-11-19 10:30:53

Boob jobs, lasik, dental enhancements, lipo, etc

I read a few years ago that the cost of dental care has been increasing quite a bit. The reason is that the number of dentists is not keeping pace with the increase in the population. Of course, most dental schools are part of state universities, so government can be blamed for the problem.

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Comment by goon squad
2014-11-19 08:46:50

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!

 
 
Comment by Pearce Bauz
2014-11-19 09:06:27

Reid and Pelosi guilty as charged. Main Stream Media guilty as charged for simply reporting the DNC’s propaganda and slander. As for Boehner and McConnell, in two months we will find out.

Comment by Raymond K Hessel
2014-11-19 18:40:17

MSM too busy humping Obama’s leg to bring you real news.

 
 
Comment by aNYCdj
2014-11-19 12:46:25

well this is where the internet and mathematics are quite useful

find ways to hide your income and assets and look poorer make sure you never get a tax refund, wait out the 6 years statutory limit on debt , by filing for welfare food stamps mediciad and send that to the debt collector

or you could always claim you are an illegal and ohbewanna will pay for your expensive emergency room visit

it almost doesn’t pay to be legal, average or middle class.

 
Comment by reedalberger
2014-11-19 16:49:35

Progressives lie, your money and liberty dies.

#FundamentalTransformationOfAmerica

 
 
Comment by Raymond K Hessel
2014-11-19 04:50:43

“Moar stimulus” from Japan, despite the fact that failed policy has debased the Yen and raised public debt to unsustainable levels. But markets and asset bubbles must be levitated at all costs.

http://www.telegraph.co.uk/finance/economics/11237767/Shinzo-Abe-to-unleash-stimulus-and-delay-tax-rise-as-Japanese-recovery-flags.html

Comment by Dman
2014-11-19 06:13:59

Japanese companies love a “debased”Yen. It gives them a huge advantage in the export market because they can charge less and still make a profit. A “strong” dollar hurts American manufacturers and manufacturing jobs by making everything more expensive versus their foreign rivals. It’s amazing how many people whose jobs would be much more secure with a “weak” dollar think that a weak dollar is a bad thing. The financial industry has them trained like Pavlov’s dogs to root against their own self interest. Wall Street loves a strong dollar, because they don’t give a rat’s ass about anybody’s job but their own.

Comment by Housing Analyst
2014-11-19 06:34:02

A weak dollar is a bad thing.

Remember this… A strong dollar results in falling prices of all items. Falling prices is your wallets best friend.

Comment by Dman
2014-11-19 06:49:19

Not if your job is shipped off to China because of it.

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Comment by Housing Analyst
2014-11-19 06:56:39

That job ship already sailed and ported in Asia years ago my friend.

Labor Force Participation Rate Plummets To 36 Year Low

http://data.bls.gov/timeseries/LNS11300000

 
Comment by Dman
2014-11-19 07:05:34

There are still plenty of auto plants, auto suppliers, electronics companies, machine tool companies and many more that will go under if the Yen is allowed to go to 120 to the dollar. It happened in the eighties and nineties, and it can happen again. China only sucked away the mostly lower end of the manufacturing economy - Japan will go for the high end if given the opportunity.

 
Comment by Housing Analyst
2014-11-19 07:10:40

Not really. Those industries have fully automated since the 80’s.

 
Comment by scdave
2014-11-19 07:20:42

I agree….

 
Comment by MacBeth
2014-11-19 07:48:27

Companies will move their assets to whichever country causes them the least pain.

There will be much more offshoring away from the United States.

Why wouldn’t there be?

The United States government takes actions not to produce wealth, but to confiscate it.

 
Comment by In Colorado
2014-11-19 08:36:51

Companies will move their assets to whichever country causes them the least pain.

Where “pain” == paying more than slave wages.

Even if corporations paid no taxes and were completely unregulated, it would still be cheaper to offshore.

 
Comment by Northeastener
2014-11-19 10:30:25

Much of the domestic auto industry is protected via trade tariffs. Why do you think every SUV and Pickup sold in the US is assembled in the US? You think Toyota, Nissan, Honda, MB, BMW, VW, etc wanted to have to build manufacturing plants in the states to sell their trucks?

 
Comment by In Colorado
2014-11-19 10:45:20

Why do you think every SUV and Pickup sold in the US is assembled in the US?

I thought GM built a bunch of theirs in Silao, Mexico.

 
Comment by MightyMike
2014-11-19 11:00:02

Much of the domestic auto industry is protected via trade tariffs. Why do you think every SUV and Pickup sold in the US is assembled in the US? You think Toyota, Nissan, Honda, MB, BMW, VW, etc wanted to have to build manufacturing plants in the states to sell their trucks?

You might want to look into the details of that. You’d probably find that the tariffs are pretty low at this point. There are still plenty of cars imported from Japan, Germany, etc. into the United States. Part of the reason that those companies have built plants in the US is that they can pay workers less in Alabama than they pay in Stuttgart.

 
Comment by Guillotine Renovator
2014-11-19 14:30:18

“Why do you think every SUV and Pickup sold in the US is assembled in the US?”

This is a lie. Dodge Rams are assembled in Mexico.

 
Comment by Dman
2014-11-19 19:13:07

“Those industries have fully automated since the 80’s”

What?!

 
Comment by Housing Analyst
2014-11-19 20:01:35

You heard me.

 
Comment by Dman
2014-11-19 20:27:10

So all those millions of people working in the manufacturing industry are really terminators from the future? Save Sarah Conner!

 
Comment by Housing Analyst
2014-11-19 20:47:20

Yeah. 15 million less than there were, and shrinking.

A few million people packing boxes and shipping parts isn’t manufacturing.

 
 
 
Comment by 2banana
2014-11-19 06:46:05

There is not free lunch.

A “weak” currency means you can export finished products more cheaply…

BUT

You must now import expensive raw material (oil) which costs everyone else jobs/income
You must now import expensive finished products your country does not make which costs everyone else jobs/income
Foreigners can buy your own country’s raw materials cheaply and force you into bidding wars (RE, farming, mining, etc.)
A weak currency usually leads to “importing” inflation
If you currency gets too low - it may collapse meaning you won’t be able to make/export anything

Comment by Dman
2014-11-19 07:11:29

‘A weak currency usually leads to “importing” inflation If you currency gets too low - it may collapse meaning you won’t be able to make/export anything”

Japan wants inflation, their problem is they can’t get it. But Honda, Toyota and Sony would all love a “collapsed” currency. Do you think they actually care how much it costs the average Japanese person to buy imports? A weak currency just protects their economy from foreign competition, something they’re already pretty good at.

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Comment by scdave
2014-11-19 07:21:57

+1…Japans intent is obvious…

 
Comment by Housing Analyst
2014-11-19 07:34:55

Not really. Falling prices of all items is positively bullish and good for the economy.

 
Comment by Blue Skye
2014-11-19 08:11:34

Japan’s end game is obvious, and it will look similar to every other people who try to solve a debt problem with more debt.

 
 
 
 
 
Comment by frankie
2014-11-19 05:13:03

Ex-porn star becomes the fourth ‘pastafarian’ in the U.S. as she is granted permission by Mormon Utah to wear a colander on her head for ‘religious reasons’

Asia Lemmon becomes fourth person to be granted permission
The Flying Spaghetti Monster movement was founded in 2005
About two thirds of Utah’s residents are Mormon

A retired adult film star in heavily-Mormon Utah has become the fourth person in the United States to be granted permission to have her driver’s license photo taken while wearing a colander on her head as a religious statement.

http://www.dailymail.co.uk/news/article-2838661/Woman-wears-colander-drivers-license-photo.html

Bread and circuses, it distracts the plebs; well it distracted this one ;)

Comment by In Colorado
2014-11-19 08:38:30

She can wear a cow pie on her head for her DL photo for all I care.

 
Comment by Selfish Hoarder
2014-11-19 08:39:31

If Donald Trump can wear a dead red fox on his head all the time, so can she.

 
 
Comment by 2banana
2014-11-19 06:23:46

The FSA continues to grow…

60% Of Households Get More Benefits Than They Pay In Taxes
zero hedge | 11-18-2014 | Mark Perry

That’s correct, the CBO study shows that the bottom three income quintiles representing 60% of US households are “net recipients” (they receive more in transfer payments than they pay in federal taxes), the second-highest income quintile pays just slightly more in federal taxes ($14,800) than it receives in government transfer payments ($14,100), while the top 20% of American “net payer” households finance 100% of the transfer payments to the bottom 60%, as well as almost 100% of the tax revenue collected to run the federal government. Here are the details of that analysis.

Comment by Shillow
2014-11-19 06:37:29

Mitt Romney underestimated bigtime with 47%. More like the bottom 60 percent. Any household making less than about $83000 per the CBO paper quoted.

 
Comment by goon squad
2014-11-19 07:14:27

The Deep South should write a thank you letter to New York, Illinois, California taxpayers for paying for all their free sh*t.

Comment by 2banana
2014-11-19 07:20:05

When was the last time an auto company opened a major factory in New York, Illinois or California?

Seems to happen on an almost yearly basis in the “deep south”

Comment by goon squad
2014-11-19 07:30:44

“opened a major factory”

That pays wages low enough that the employees and their families qualify for Medicaid, SNAP, Obamaphones, free school lunches, paid for by the taxpayers of New York, Illinois, California.

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Comment by 2banana
2014-11-19 07:36:47

And then there are the facts:

California: America’s Welfare Queen
National Review - June 12, 2012 - Nash Keune

California is the nation’s welfare queen: The state accounts for one-third of America’s welfare recipients, though it only contains one-eighth of the population, and there’s no good reason for it.

Some may assume that the illegal-immigrant population in California expands its welfare rolls. But in Texas, which also has a large illegal-immigrant population, less than one half of one percent of the population receives welfare.

 
Comment by iftheshoefits
2014-11-19 08:34:15

And they’re much more likely to afford a home in the town in which they live, than are people making 2-3X what they make in the more “enlightened” regions.

Who are the fools, here? I would say, the ones striving to keep their head above water in the high-tax, high cost of living areas. Circumstances have caused me to be in this group for the moment, and I want back out.

The primary reason the enlightened regions pay so much more in taxes? It’s not the differential in state income and property tax rates and fees, although that is certainly a factor. The real reason is that their AGI has to be much higher just to keep up with the inflated housing costs, so they wind up in much higher federal tax brackets for the same standard of living. The ACA has just made this effect much more pronounced, with its subsidy rates based on AGI.

It’s interesting that dollar limits on jumbo govt-backed mortgages take into account high cost of living factors, whereas tax brackets do not. Think about the overall effect of that combination.

 
 
Comment by MightyMike
2014-11-19 07:30:58

That’s part of the phenomenon know as the decline of the American middle class. Manufacturers move jobs to the poor, anti-union part of the country so that they can pay them less.

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Comment by iftheshoefits
2014-11-19 09:55:30

As far as the pool of available workers go, it’s all about maintaining a good standard of living with a much lower AGI. When one can do that, other things tend to take care of themselves.

This is my first hand experience. Unions are irrelevant, they can’t hope to make up the difference. Housing costs, on the other hand, are nearly everything.

A migration from the coasts to these lower cost inland regions in large numbers is inevitable, by individuals, families, and companies alike. The average person can no longer accumulate wealth, nor improve their standard of living, housing-based or otherwise, in high cost of living areas. It’s over, unless one got in the door 15 years or more ago. And it’s all because of an economic regime that earnestly seeks to keep asset prices as artificially high as necessary to keep the banks from failing. It really is that simple. All it will take is for people to figure this out like most of us have done here, and they’ll slowly begin the mass migration. Some will do it gladly, others will hold their noses. But they’ll still go.

It doesn’t require moving to Oil City. It does help to choose carefully, and know what really matters most beyond basic economic survival. The only thing that will change this reality at this point is whether a radical deflationary collapse, as many predict here, happens first.

 
Comment by MightyMike
2014-11-19 10:36:01

No, unions are not irrelevant. 2Banana was talking about auto factories. The manufacturers like the anti-union South because they can pay less there. The center of the auto industry used to be in the Midwest - Michigan, Ohio, Indiana, etc., not the expensive coastal regions that you’re talking about.

 
Comment by iftheshoefits
2014-11-19 13:53:13

I think you’re missing my point. Companies can afford to pay less because people can afford to work for less because… primarily housing and associated living costs, together with AGI mechanism. I’ve moved back and forth between the two. Most people have no idea of the effective magnitude of the wealth effect that ensues with much lower overall costs of living. You have to live it to understand it.

Unions and wage laws can’t effectively make up that difference, not in a globe full of billions of people who want what we have and will work for 5-10X less, at least for a while, to get a piece of it. Our single best hope is a massive deflation in asset prices, which would occur readily, but our overlords are determined to avoid, all to protect massively failed banks.

It’s all a cycle. These areas getting the new manufacturing plants will thrive until the usual leeches take over in full force, the realtors figure out how to jack up housing prices to the moon, and the lenders make sure everyone’s levered to the teeth so the prices stay that way.

 
Comment by MightyMike
2014-11-19 16:27:35

I think that I may have had this same conversation with you last week. If there are people all over the world willing to work for peanuts, why have manufacturers been building factories in the US South over the past 20 years?

Besides that, there are plenty of jobs in the service sector which are not subject to foreign competition.

Finally, you can say that companies can get away with paying less in the South because of the lower cost of living. They can pay less because it’s a poor region and there are many workers who overjoyed to get $12/hour and health insurance.

 
 
Comment by Dman
2014-11-19 07:47:34

Because they’re afraid to join unions?

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Comment by Shillow
2014-11-19 07:42:38

They should write it to the 1 percenters in those places not the rabble who are massive net takers.

If you add in the 25 percent employed by government, half of which are entirely useless, then it’s closer to 75 percent net takers.

 
 
Comment by Dman
2014-11-19 07:33:52

And how many of these freeloaders are old tea party types collecting way more in social security and medicare than they paid in? “Keep the gubbament out of my social security” indeed.

Comment by Housing Analyst
2014-11-19 07:36:50

Good point.

Shutdown these ponzi schemes and repay those who are owed.

 
Comment by goon squad
2014-11-19 07:42:26

“Fifteen members of the U.S. House and Senate or their spouses benefited from federal farm subsidies last year, underscoring a personal stake for some lawmakers in a congressional debate that resumes this week over spending on agricultural programs.

Of the 15 lawmakers, only two are Democrats”

http://www.bloomberg.com/news/2013-06-03/lawmakers-benefit-from-farm-subsidies-congress-seeks-to-overhaul.html

Comment by Guillotine Renovator
2014-11-19 17:05:34

To which the Repubs’ only response is “why you sumbitch- I’ll teach you da open your smart mouth!”

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Comment by Shillow
2014-11-19 07:44:52

How are these figures gonna skew once another 10 million plus go on the Dole in the next couple of months?

Comment by In Colorado
2014-11-19 08:40:49

Most of those illegals are already on the dole.

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Comment by oxide
2014-11-19 09:52:59

What about the 12 million more who flood in to take the jobs of the 10 million who are made legal? You didn’t think that employers were going to continue to employ the same folks after they were legalized, right? Employers would have to pay, like, SS and taxes and stuff.

 
Comment by Housing Analyst
2014-11-19 10:02:44

In what galaxy are you coming from? What 12 million more?

 
Comment by goon squad
2014-11-19 11:08:26

“What 12 million more?”

It’s gonna be 60 million more, and they are all moving to YOUR neighborhood

http://abcnews.go.com/US/wireStory/east-coast-popular-immigrants-us-illegally-27001034

 
Comment by Housing Analyst
2014-11-19 11:35:53

They’re already here.

What 60 million?

 
Comment by Guillotine Renovator
2014-11-19 17:08:34

Mexico’s population is what 150 million? At some point we will reach peak immigration.

 
 
 
Comment by 2banana
2014-11-19 08:08:17

And how many of these freeloaders are old tea party types collecting way more in social security and medicare

You mean government programs you are forced to join and pay for at the point of a gun?

I will make you a deal.

Give me every dollar I have put in Social Secutiy and Medicare (with interest) and I will leave and never return to these programs. Ever.

What? You can’t do that? You have spent all the money already (despite Hillarys! lockbox It would bankrupt these programs even faster?

So it is a ponzi scheme that you call people how want to get some of their money back “freeloaders”

You are a card carrying kool-aid drinker.

Comment by Cactus
2014-11-19 11:06:09

So it is a ponzi scheme that you call people how want to get some of their money back “freeloaders”

No matter how it started I think many in government view it as just another tax. they want you to think that way also

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Comment by Dman
2014-11-19 11:41:10

“”Give me every dollar I have put in Social Secutiy and Medicare (with interest) and I will leave and never return to these programs. Ever.”

So once you have collected every penny you have paid in, and the interest you would have earned, you will tell the folks at social security to stop sending you checks because you don’t deserve it? Just like all those Repubs in congress who hate Obamacare and who refused to have their own health care paid for by taxpayers? Riiight.

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Comment by drumminj
2014-11-19 12:47:04

Riiight.

Why would you doubt him? I would do the same — let me go my own way. I’ll take care of myself. And if I f-up, then I’ll rely on family and friends for support, or suffer on my own. Maybe I’ll ask for private charity, but I wouldn’t expect to put a gun to someone else’s head to cover for my own misakes/failings.

 
Comment by oxide
2014-11-19 13:21:48

Problem is, you would be almost guaranteed to f-up. If people could opt-out of SS, prices would rise instantly to soak up the extra cash that is not being taken from people’s paychecks. Even disciplined people could not save the SS money for retirement. This is not a “failing.”

We already know that this will happen; we have a case study as evidence. When Obama declared a two-year SS holiday, it was the equivalent of everyone opting out. How many people took care of themselves and put that tax savings into a private IRA? A few did, but most blew the money on toys or food or gas. When the holiday ended and take-home pay went back down, everyone started screaming about a “tax increase” and how they couldn’t make ends meet. Including our Prof. So much for taking care of yourself. And that’s for only two years — imagine what 20 years would look like.

This is why SS got started in the first place. And anyone who says they’ll “suffer on their own” clearly has never been hungry or in chronic pain from an untreated condition. Count your blessings.

 
Comment by Blue Skye
2014-11-19 14:00:00

“prices would rise instantly to soak up the extra cash…”

The debt donkey army already did this by spending more than they had for decades. If SS were stopped, house prices at the vary least would collapse because there would be no “income” after retirement to justify 30 year mortgages for anyone over 35 years old.

Again, your borrowing large and long makes living more expensive for the rest of us. Government confiscation and redistribution never makes the society richer, never.

 
Comment by drumminj
2014-11-19 14:09:18

This is why SS got started in the first place. And anyone who says they’ll “suffer on their own” clearly has never been hungry or in chronic pain from an untreated condition. Count your blessings.

A lot of assumptions in your response there oxide.

You’re asserting that I wouldn’t or haven’t save responsibly (note I save outside of “tax-advantaged” instruments as I don’t trust the government to not change the rules).You assume I don’t have chronic pain or an untreated condition. And you assume that if I did, I would force/expect others to suffer so that I may be treated/fed/live the life I want.

You seem very quick to know what others need — you think you know moreso than they themselves. You know better than them. You know better than me.

Sorry, but that simply is not the case. Do some people make bad decisions? Yep. Will people learn to make better decisions if they’re always bailed out and don’t suffer any consequences? Nope.

 
Comment by iftheshoefits
2014-11-19 21:40:36

“You seem very quick to know what others need”

Ahh yes, the defining trait of the species…

 
 
 
 
Comment by MacBeth
2014-11-19 07:51:40

It just goes to show.

Single mothers do not need husbands.

They do need the government.

And the government is more than happy to oblige.

Comment by goon squad
2014-11-19 07:57:46

You need to “man up” and marry one of those single moms and pay to raise her alpha thugspawn. Bring your beta bucks wallet and get the instant family you’ve always wanted, LOLZ.

Comment by rms
2014-11-19 08:07:58

“…and pay to raise her alpha thugspawn.”

+1 Likely paying the bills since birth; heck, before that too.

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Comment by Dman
2014-11-19 11:43:07

Aren’t most welfare recipients poor white southerners?

Comment by iftheshoefits
2014-11-19 21:41:42

No.

Next question?

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Comment by frankie
2014-11-19 09:30:28

But all it is is cooperate welfare, when they reduced snap who was the one who screamed loudest, Walmart by any chance!

This impacted several retailers’ holiday sales and Wal-Mart was no different. Even the surge in online orders did not help the company, due to its relatively small e-commerce channel. In a recent business update, Wal-Mart stated that the reduction in SNAP (the U.S. government Supplemental Nutrition Assistance Program) benefits also weighed on its sales.

http://www.trefis.com/stock/wmt/articles/226533/feb-20wal-marts-results-will-be-impacted-by-traffic-decline-reduction-in-snap-benefits-and-new-discrete-items/2014-02-14

Comment by goon squad
2014-11-19 10:03:21

This is an article from a year ago about a Wal-Mart in Ohio running a food donation drive for its own employees

http://www.npr.org/blogs/thetwo-way/2013/11/18/246047505/ohio-wal-mart-runs-thanksgiving-food-drive-for-employees

“You work three jobs? How uniquely American” — George W. Bush

 
 
 
Comment by 2banana
2014-11-19 06:28:00

And the corruption, bailouts and creation of future “victims” continues…

————————

Subprime woes are back: This time in used cars
CNBC | July 20, 2014 | Jessica Silver-Greenberg and Michael Corkery

Rodney Durham stopped working in 1991, declared bankruptcy and lives on Social Security. Nonetheless, Wells Fargo lent him $15,197 to buy a used Mitsubishi sedan.

”I am not sure how I got the loan,” Mr. Durham, age 60, said.

Mr. Durham’s application said that he made $35,000 as a technician at Lourdes Hospital in Binghamton, N.Y., according to a copy of the loan document. But he says he told the dealer he hadn’t worked at the hospital for more than three decades. Now, after months of Wells Fargo pressing him over missed payments, the bank has repossessed his car.

This is the face of the new subprime boom. Mr. Durham is one of millions of Americans with shoddy credit who are easily obtaining auto loans from used-car dealers, including some who fabricate or ignore borrowers’ abilities to repay. The loans often come with terms that take advantage of the most desperate, least financially sophisticated customers….

Comment by Mr. Banker
2014-11-19 06:52:59

“The loans often come with terms that take advantage of the most desperate, least financially sophisticated customers….”

YES! And our educational (choke) system is churning these creatures out by the thousands.

A thing of beauty. I have seen the future, and it works.

(at least it works for me … bhahahahahahahaha)

 
Comment by Lemming with an inntertube
2014-11-19 08:16:39

”I am not sure how I got the loan,” Mr. Durham, age 60, said.

Ok, so you’re scratching your head and wondering how you got this loan. After YOU SIGNED the application, I guess the evil salesperson didn’t educate you on loans needing payments either. I can be pretty dumb at times, but at 60 years old? Really?

Comment by Raymond K Hessel
2014-11-19 18:44:22

Repeat after me: he was a victim. So we the taxpayers must pay the “predatory lenders.” Because those lenders pay off the Congress critters that the sheeple continue to vote for.

 
 
 
Comment by 2banana
2014-11-19 06:30:57

Not one FB dollar will be allowed to escape…

Well, at least they are not just targeting political opponents of the administration like the IRS…

—————————

Feds: Bullying, lying debt collectors an epidemic
Associated Press | Nov 18, 2014 2:45 PM EST | Larry Neumeister

The country is facing an epidemic of unscrupulous debt collectors willing to pose as law enforcement and threaten arrest to squeeze dollars out of Americans, a top prosecutor said Tuesday as he announced the arrests of seven people who worked for an Atlanta-area company.

U.S. Attorney Preet Bharara said the abusive practices have become so widespread that even a top FBI official in New York City got a call.

“This has become something of an epidemic,” Bharara told a news conference.

He described the workers at the defunct Williams, Scott & Associates LLC in Norcross, Georgia, as “ruthlessly persistent” as they badgered people in all 50 states from 2009 through April, collecting more than $4 million from over 6,000 victims. …

Comment by iftheshoefits
2014-11-19 06:45:45

A new American growth industry! Don’t you just love a good success story.

Comment by iftheshoefits
2014-11-19 06:50:32

I think it was Ben who used to say (sarcastically of course) “we’ll all get rich selling each other homes”. Maybe the new hotness is, “we’ll all get rich collecting each other’s bad debts”.

A new career path for the kids to aspire to. They’ll be able to afford Amy’s $500K starter homes after all.

Comment by Housing Analyst
2014-11-19 07:05:53

Whatever the new hotness is, you’ll find it here first.

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Comment by goon squad
2014-11-19 08:11:37

‘the new hotness’

actress, author, feminist, big sister, and sex symbol of the millennial generation, lena dunham:

http://www.picpaste.com/J6BwTDLe.jpeg

 
Comment by iftheshoefits
2014-11-19 10:34:30

You had to go there, didn’t you. How can I unsee that?

 
 
 
 
 
Comment by 2banana
2014-11-19 06:35:03

As long as illegals will vote democrat - all is good!

——————————

Obama’s Amnesty Will Loot Social Security To Give Your Money To Illegal Aliens
Nov 18, 2014 | George Rasley

One of the issues that killed the Senate’s hated “Gang of Eight” amnesty for illegal aliens bill was that it allowed the amnestied illegal aliens to immediately access public benefits reserved for citizens and legal immigrants.

House conservatives correctly argued that the “Gang of Eight” bill and its various House companion bills would allow illegal aliens immediate access to Social Security, Medicare, Medicaid and various other welfare programs, such as food stamps.

While the proponents of the “Gang of Eight” bill tried to finesse the issue the bottom line was and is that once the government gives a Social Security number and card to an illegal alien that opens up a whole smorgasbord of federal, state and local benefits – and it also opens up the possibility of registering to vote.

Now the Federation of American Immigration Reform has produced a stunning report that details how Obama’s planned illegal “executive amnesty” will provide the same free ride that the “Gang of Eight” bill did.

“Obama’s executive amnesty isn’t only unconstitutional but costly; from day one it opens up federal and state benefits to individuals who are still illegal aliens, regardless of the label the President puts on them,” FAIR executive director Julie Kirchner told Matt Boyle of Breitbart News in an exclusive interview in advance of the report’s public release.

If that’s how Obama grants executive amnesty to the millions of illegal aliens he plans to, they’ll get near-immediate access to welfare and other public benefits.

As for Medicare, the laws and regulations are similar to Social Security—meaning illegal aliens who would get parole status under an Obama amnesty would have almost immediate access to Medicare.

Now here’s what no one on Capitol Hill is talking about, but every Republican and those few Democrats who still actually care about working Americans instead of ethic power politics should care about – adding that many recipients will break Social Security, and the federal budget, almost immediately.

Social Security and Medicare together accounted for 41 percent of Federal expenditures in fiscal year 2013.

The federal deficit for Fiscal Year 2014 is $483.35 billion.

What that means is that the United States is borrowing $77 billion, mostly from the Chinese, to pay benefits to its citizens.

In 2033, the Social Security trust fund will be exhausted, and the program will be able to pay only three-fourths of scheduled benefits.

While the Social Security system is considered solvent until that year, what is the effect of adding as many as 11 million illegal aliens to the Social Security beneficiary pool?

Comment by Dman
2014-11-19 07:41:26

“The Federation for American Immigration Reform (FAIR) is a group with one mission: to severely limit immigration into the United States. Although FAIR maintains a veneer of legitimacy that has allowed its principals to testify in Congress and lobby the federal government, this veneer hides much ugliness. FAIR leaders have ties to white supremacist groups and eugenicists and have made many racist statements.”

Southern Poverty Law Center

 
Comment by drumminj
2014-11-19 12:45:29

FAIR leaders have ties to white supremacist groups and eugenicists and have made many racist statements.

Why is this the important element? Either their proposals/politics are acceptable or not. What they privately think or even publicly say doesn’t matter — what matters is the proposal/laws that are passed.

 
 
Comment by Avocado
2014-11-19 11:22:30

Reagan let in 3 mill, Bush 1 let in 2 mill. So that is 5 mill seasoned Democrats.

Cant wait for the GOP’s new ideas they have been holding back for 14 yrs.

Comment by Dman
2014-11-19 11:45:26

+1

Comment by phony scandals
2014-11-19 17:48:43

-1

Reagan and Bush Offer No Precedent for Obama’s Amnesty Order

Not only were past executive actions smaller, they didn’t work

by David Frum | The Atlantic | November 19, 2014

“What about Reagan in 1987? And George H.W. Bush in 1990?”

This has become a favorite Democratic and center-left rebuttal to Republicans angry at reports that President Obama may soon grant residency and working papers to as many as 5 million illegal aliens. If Obama acts, he’d rely on precedents set by Republican predecessors. Surely that should disbar today’s Republicans from complaining?

Surely not, and for four reasons.

1) Reagan and Bush acted in conjunction with Congress and in furtherance of a congressional purpose. In 1986, Congress passed a full-blown amnesty, the Simpson-Mazzoli Act, conferring residency rights on some 3 million people. Simpson-Mazzoli was sold as a “once and for all” solution to the illegal immigration problem: amnesty now, to be followed by strict enforcement in future. Precisely because of their ambition, the statute’s authors were confounded when their broad law generated some unanticipated hard cases. The hardest were those in which some members of a single family qualified for amnesty, while others did not. Nobody wanted to deport the still-illegal husband of a newly legalized wife. Reagan’s (relatively small) and Bush’s (rather larger) executive actions tidied up these anomalies. Although Simpson-Mazzoli itself had been controversial, neither of these follow-ups was.

Read more

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Comment by Avocado
2014-11-19 19:38:19

I know…, Sheeple Rule #1. If the GOP did it in the past, they have a good excuse for their actions and we must forget about it.

 
Comment by Housing Analyst
2014-11-19 20:00:26

keep kneeling at that altar Lola.

 
Comment by Shillow
2014-11-19 20:05:39

That ain’t the altar Lola kneels at.

 
 
 
 
 
Comment by 2banana
2014-11-19 06:38:45

The Obama regime is setting the country up for another subprime loan catastrophe
Absolute Rights | 11/18/2014 | Jon Dougherty

The government’s subprime lending debacle that came to a head in the form of the Great Recession in 2007 is about to be repeated, thanks to a repeat of conditions by the federal government. Recent newspaper headlines have announced that the Obama regime plans to provide more electricity to the still-lackadaisical housing industry by torquing home lending rules that will once again make it easer for banks to make loans to marginal buyers.

As reported by The Daily Signal, one of the big changes is this: The Federal Housing Finance Agency is set to decrease the amount of down payments from “an already absurdly low 5 percent to a ridiculously low 3 percent on many loans that are eligible for federal mortgage insurance assistance.”

President Barack Obama was a pioneering contributor to the national subprime real estate bubble, and roughly half of the 186 African-American clients in his landmark 1995 mortgage discrimination lawsuit against Citibank have since gone bankrupt or received foreclosure notices.

As few as 19 of those 186 clients still own homes with clean credit ratings, following a decade in which Obama and other progressives pushed banks to provide mortgages to poor African Americans.

The startling failure rate among Obama’s private sector clients was discovered during The Daily Caller’s review of previously unpublished court information from the lawsuit that a young Obama worked on as an attorney for the lead plaintiff.

Back then the laws of financial gravity seemed to have been suspended, and when home prices went up, they stayed up. Even if the home ended in foreclosure, with Fannie Mae, Freddie Mac and the Federal Housing Administration providing a near 100 percent taxpayer repayment guarantee on more than 80 percent of the mortgages, there was little downside in issuing very risky loans. Underwriting standards flew out the window. The Bush administration celebrated year after year of rising homeownership rates. Everyone was getting fat and happy.

Those homeowners had little to no equity in their homes, so they began sending keys (called “jingle mail”) to their lenders and simply walked away from the mortgages – leaving taxpayers to foot the tab. And we did – to the tune of more than $100 billion to bail out Fannie Mae and Freddie Mac, the two largest mortgage holders (both government entities).

Well, Washington feigned outrage. Then-Rep. Barney Frank, D-Mass., part of the newly elected Democratic majority, sought to punish Wall Street for its “predatory loan” practices (even though such practices were condoned, encouraged and formulated via congressional law and federal policies aimed at providing ‘low income’ people with more housing than they could afford). Worse, the Feds even sued financial institutions for making precisely the kinds of loans the government mandated they make.

It’s all about to happen again.

Comment by Mr. Banker
2014-11-19 06:59:52

“The government’s subprime lending debacle that came to a head in the form of the Great Recession in 2007 is about to be repeated, thanks to a repeat of conditions by the federal government.”

“… thanks to a repeat of conditions by the federal government.”

The best government that money can buy.

Bahahahahahahahahahahahahaha

Go ahead, cast you votes, pretend that it’ll make a difference.

Then, after you are all finished up with your voting hurry up and get back to work.

Comment by 2banana
2014-11-19 08:49:26

1500 bankers went to jail in the S&L crisis.

It will happen again.

Comment by Raymond K Hessel
2014-11-19 18:46:08

Not under the Republicrats it won’t.

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Comment by oxide
2014-11-19 13:25:04

Hey Mr Banker, how many toxic waste car loans were you planning to originate — and keep 5% of — once Dodd-Frank credit risk retention kicks in a year from now?

 
 
 
Comment by phony scandals
2014-11-19 06:39:37

NYC Woman on Ebola Watchlist Dies Bleeding From Mouth, Authorities Say “Heart Attack”

Are suspected Ebola cases being covered up?

by Paul Joseph Watson | November 19, 2014

A woman who returned from Guinea 18 days ago and was on an Ebola monitoring list dropped dead in a Brooklyn hair salon yesterday after eyewitnesses said she began bleeding from the mouth and nose, but authorities later asserted the cause of death was an “apparent heart attack.”

“FDNY activated the Special Operations and Hazmat units after the the woman, who had traveled to Guinea three weeks ago according to a source on the scene, died at Amy Professional African Hair Braiding in the Brownsville area of Brooklyn,” reports the Daily Mail.

Despite eyewitnesses reporting that there was blood coming from the woman’s “face, nose and mouth,” health authorities claimed “she had not displayed any Ebola symptoms” and had in fact died of a heart attack. The woman, who was in her 40′s, is being tested for Ebola, the results of which will be announced later today.

Comment by phony scandals
2014-11-19 06:47:29

HERE’S Why Ebola Is No Longer In the News

1/03/2014

Forbes’ David Kroll – an adjunct professor at Duke University Medical Center - notes:

The Associated Press and other press outlets have agreed not to report on suspected cases of Ebola in the United States until a positive viral RNA test is completed.

In other words, the mainstream media has agreed not to report on any suspected Ebola cases.

I guess the Ebola czar has been a busy boy, after all … you know, preventing panic and all that.

http://www.zerohedge.com/news/2014-11-03/here%E2%80%99s-why-ebola-no-longer-news - 154k -

 
 
Comment by 2banana
2014-11-19 06:53:19

Investment ideas.

So what investments are hated now. Low prices? High valuations?

Oil companies
Gold Companies
Gold
Silver
Coal Companies
Uranium Companies
Tobacco companies
Gambling Companies

Comment by 2banana
2014-11-19 06:55:06

And timber companies!

 
Comment by Cactus
2014-11-19 11:12:07

Tobacco companies = MO not hated at least not by investors

All that other stuff is deep cyclical and the world is slowing down to recession.

Except gambling don’t know about that

 
 
Comment by phony scandals
2014-11-19 07:19:28

I wonder if the defenders of Grubercare who say they have only had an increase of 0.5% in their employer provided health insurance will feel the same in 2018?

“The Cadillac tax, which will be implemented in 2018, is projected to save $250 billion.”

In Third Video, Obamacare Architect Talks About ‘Basic Exploitation’ Of American Voters [VIDEO]

10:40 AM 11/12/2014

A third video has surfaced of Obamacare architect Jonathan Gruber bragging about pulling the wool over the eyes of the American public in order to help implement Obamacare.

“It’s a very clever, you know, basic exploitation of the lack of economic understanding of the American voter,” Gruber, an economist at the Massachusetts Institute of Technology, said during a speech at the University of Rhode Island in November 2012.

He was discussing what is known as the Cadillac tax and how it came into being.

In an effort to add a cost-control measure to Obamacare, former Massachusetts Sen. John Kerry, who Gruber called a “hero,” successfully pushed through a 40 percent excise tax on insurance companies for plans that cost more than $10,200 for individuals and $27,000 for families.

This was an alternative to putting a cap on tax breaks employers provide employees for health insurance plans, which, according to Gruber, the public mistook for a tax increase rather than the removal of a tax break.

“You just can’t get through, it’s just politically impossible,” Gruber said during his talk.

The purpose of the Cadillac tax is to force the “overinsured” — people with expensive health insurance plans — to cut back on “excess benefits.” Many economists believe that such plans cause inefficiencies in the health-care system. The Cadillac tax, which will be implemented in 2018, is projected to save $250 billion.

“Lack of transparency is a huge political advantage. And basically, call it the stupidity of the American voter or whatever, but basically that was really, really critical to get the thing to pass,” Gruber said at the November 2013 event.

dailycaller.com/…/ - 96k -

“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.”

Comment by rj chicago
2014-11-19 09:35:48

What does one call a liar like Gruber?
POS?

Comment by Raymond K Hessel
2014-11-19 18:48:46

How did Gruber lie? He said American voters are idiots. If you voted for Obama, McCain, or Romney - corporate statists, all - you proved Gruber right. He and Obama were COUNTING on your stupidity to get the ACA passed, as intelligent people - the few, the proud - saw right through it and voted for the only non-crony capitalist to run: Ron Paul.

 
 
 
Comment by goon squad
2014-11-19 07:53:16

Cue up Paul Simon “Slip Slidin’ Away”

Home affordability for metro Denver middle class slipping away

“Only 45 percent of homes for sale in metro Denver are within financial reach of the middle class. And homeownership prospects are worse for the millenial generation, for whom only 33 percent of homes are affordable.

On average last year, home prices rose at roughly six times the pace of wages”

http://www.denverpost.com/business/ci_26960668/home-affordabilty-middle-class-slipping-away

 
Comment by goon squad
2014-11-19 08:04:00

Because it’s good to be the king

“Coldwell Banker Residential Brokerage counted 92 homes sold in metro Denver for at least $1 million.

The number of luxury homes sold increased from 77 in September”

http://www.bizjournals.com/denver/morning_call/2014/11/luxury-homes-popular-buys-across-metro-denver-in.html

 
Comment by 2banana
2014-11-19 08:12:28

Hope and change…

Fundamentally transforming America…

Remember when some democrat politicians actually believed in freedom?

———————————

Under Obama, U.S. personal freedom ranking slips below France
Washington Examiner | November 18, 2014 | Jason Russell

Under Obama, U.S. personal freedom ranking slips below France

Americans’ assessments of their personal freedom have significantly declined under President Obama, according to a new study from the Legatum Institute in London, and the United States now ranks below 20 other countries on this measure.

The research shows that citizens of countries including France, Uruguay, and Costa Rica now feel that they enjoy more personal freedom than Americans.

Comment by Avocado
2014-11-19 11:25:37

France is rated with the best health insurance system in the world and I love their food. Could be worse like our infant mortality rating.

 
 
Comment by goon squad
2014-11-19 08:23:01

fox news asks are liberal news outlets begging for a race riot in ferguson?

http://www.foxnews.com/opinion/2014/11/14/are-liberal-news-outlets-begging-for-race-riot-in-ferguson/

 
Comment by goon squad
2014-11-19 08:31:00

a generation of broke ass loosers

‘20% of 26-34 year olds say they regularly get financial help from family, compared with 52% of 18-25 year olds, 69% of 26-34 year olds say they have a lot of friends who are getting financial help from their parents’

http://www.freep.com/story/money/personal-finance/2014/11/19/millennials-poor-personal-finance/19264941/

Comment by Puggs
2014-11-19 11:02:49

Any of my kids come to me for $ I’ll pay to put them through a Dave Ramsey course.

 
Comment by Avocado
2014-11-19 11:27:44

And what about all the toothless, uneducated, unskilled people in the south? They will never get jobs, they offer nothing to society.

Parents to kids = trickle down, now I see it in action! At least there is some family wealth to share.

Comment by Housing Analyst
2014-11-19 11:37:43

Neither do the all the toothless, uneducated, unskilled drug addicts on the west coast.

Your point?

Comment by Avocado
2014-11-19 13:35:42

Point = America (ALL OF IT) is full of people who cant contribute. What do you want to do with them?

More of them happen to live in the south vs the west coast.

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Comment by Dman
2014-11-19 15:27:51

I repeat, most welfare recipients are poor white southerners.

 
Comment by Housing Analyst
2014-11-19 17:08:47

Nope.

34% of the all US welfare recipients reside in California.

“California Most Impoverish State In The US”

http://en.wikipedia.org/wiki/List_of_U.S._states_by_poverty_rate

 
Comment by Avocado
2014-11-19 19:45:16

Weather is a reason. Good luck living in your car in Buffalo. CA is also home to Silicon Valley and gives more back to the feds than it takes. Looks like it pays its bills, unlike most red states.

CA is the 8th Largest economy on the world.
CA provides 33% of the nations food.

California is third among states in per-capita spending on welfare:

$179

New York leads the nation:

$256

Idaho is at the bottom:

$17

 
Comment by Housing Analyst
2014-11-19 19:55:37

And an impoverished welfare hell hole.

 
 
 
 
Comment by Scored by CBO
2014-11-19 12:03:24

Many pretty things in NYC and other major cities have their parents subsidizing their lifestyles.

 
 
Comment by goon squad
2014-11-19 08:44:03

These are the top headline links on the Drudge Report right now:

Rabbis’ Murder in Synagogue Puts Jerusalem Close to Brink
Scene ‘From Holocaust’
Gun Controls Eased in Israel for Self-Defense
Palestinians Celebrate in Streets
Terror in the Temple: ‘This Is a Religious War’
Residents Fear Worst Still to Come
Bibi: We Will ‘Respond Harshly’
Orders Demolition of Terrorists’ Homes
Attacks Pose New Challenges for Security Forces
Israeli Tourist Attacked in Brooklyn
NYPD Steps Up Patrols

Your narrative has been scripted

Has

Been

Scripted

 
Comment by 2banana
2014-11-19 09:01:22

What Do College Undergrads Spend Their Student Loans On: High-School Classes
Zero Hedge | 11/19/2014 | Tyler Durden

Over the weekend we closed the chapter on the “mystery” of America’s collapsing labor force and the record 90+ million Americans out of the labor force. As Pew reported, confirming what we had said all along, it has little to nothing to do with Boomers retiring - simply because under ZIRP they can’t afford to retire - and everything to do with Millennials staying in school because they can’t find the well-paying jobs they had expected, raking up $1.2 trillion (and exponentially rising) in government-funded student debt in the process. To wit:

More and more Americans are outside the labor force entirely. Who are they? According to the October jobs report, more than 92 million Americans — 37% of the civilian population aged 16 and over — are neither employed nor unemployed, but fall in the category of “not in the labor force.” That means they aren’t working now but haven’t looked for work recently enough to be counted as unemployed. While that’s not quite a record — figures have been a bit higher earlier this year — the share of folks not in the labor force remains near all-time highs.

You might think legions of retiring Baby Boomers are to blame, or perhaps the swelling ranks of laid-off workers who’ve grown discouraged about their re-employment prospects. While both of those groups doubtless are important (though just how important is debated by labor economists), our analysis of Bureau of Labor Statistics data suggests another key factor: Teens and young adults aren’t as interested in entering the work force as they used to be, a trend that predates the Great Recession.

But that’s just the beginning. Because as we have also covered on various occasions in the past, there is a just as important question of just what these “students” spend their money on. Among the items revealed: “A U.S. Middle District Court indictment alleges that Price spent much of the loan money on crack cocaine, cars, motorcycles, jewelry, tattoos and video games.” And iPhones of course, because someone has to indirectly provide US subsidies to the NSA’s favorite company (read “NSA Mocks Apple’s “Zombie” Customers; Asks “Your Target Is Using A BlackBerry? Now What?”).

Now we know one more thing that America’s young adults, of whom some 24% expect that their debt will ultimately be forgiven, are blowing Uncle Sam’s debt on. The answer: high-school level classes.

According to the WSJ, “college students are increasingly spending federal financial aid and taking on debt for high school-level courses that don’t count toward a degree, despite mounting evidence the courses are ineffective and may contribute to higher dropout rates.”

Students are typically placed in remedial courses for English and math and because they score poorly on standardized tests. Federal law permits them to spend financial aid on as much as a year’s worth of remediation.

Comment by Puggs
2014-11-19 10:57:47

According to this article the rats don’t even want to get on the wheel. Cob webs don the rat wheel.

Tattooed denizen’s of the Free Chit army is building steam.

Comment by Avocado
2014-11-19 11:30:36

at least they had the grades to get into college. when they get hungry they will work.
what do you do with the meth-heads in the south or gang bangers that are unemployable? they will steal when they get hungry.

Wal Mart get $6.9 billion a year in assistance from aid. This is taxpayer money going to a co that makes $17B in profits. Yet, we are ok??

Comment by reedalberger
2014-11-20 00:40:41

Shopping at Walmart is a choice.

#MrPotatoHead

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Comment by 2banana
2014-11-19 09:13:38

High Taxes + Insane Public Unions = people want to leave

Q: What is the first thing a public union goon does when he retires?
A: Moves to a low tax and right to work state.

—————————-

Half of those living in Chris Christie’s state want to leave
Absolute Rights | 11/19/2014 | Jon Dougherty

How do you know you are the governor of a failed state? When more residents there want to leave than want to stay. And that’s the case in New Jersey; the state’s historic high taxes are making life miserable for most and if given the chance, most would vote with their feet.

According to the National Policy Analysis Center’s state tax calculator, a single, 40-year-old living in New Jersey with annual earnings of $100,000 could gain over $111,000 over the course of a lifetime if he moved to Texas, all based on taxes.

Such frustration is evident among the restive New Jersey population, as evidenced by a new survey showing that half of the state’s residents are planning to escape the high-tax, government-union model government there; just 45 percent want to stay.

The desire to leave is particularly strong among working age people, reflecting the state’s more than 10 years of economic struggles. Some three-in-ten who say they want to leave specifically blame the state’s high taxes for their desire to leave, while 12 percent blame a lack of economic opportunity.

Business executives around the country who rate Jersey as one of the nation’s worst business environments would tell you that, too, is largely a function of high taxes.

But the deep blue state’s uber-Left wing politicians are stuck in a tax-and-spend mode. Just this year state Senate President Steve Sweeney, a Democrat, proposed boosting taxes another $1.6 billion to pay for grossly underfunded (meaning “over-promised”) government pensions – a move that will only cause more of the state’s taxpayers to leave more quickly.

In a recent study, Allied Van Lines also found that New Jersey holds this record: Top state in outward migration. It is followed by two other high tax, high debt, deep blue states: Illinois and New York, in that order. Both of those states also have higher-than-average public sector unionization.

Comment by rj chicago
2014-11-19 09:43:36

http://www.chicagomag.com/real-estate/January-2014/Illinois-Now-Has-the-Second-Highest-Property-Taxes-in-the-Nation/

One has to read the last paragraph to understand the result of all this - Allied van lines index records more moving out of ILLANNOY than moving in.

As a sage once told me - when you out-go is greater than your in-come you got yourself a problem.

 
Comment by Avocado
2014-11-19 13:38:07

High taxes?? GE paid $0. Dont believe all the GOP hype.

U.S. companies face the highest “”"official”"” corporate tax rate in the world. But there’s a big difference between the rates set out by law and the cash that’s actually collected.
Large, profitable U.S. corporations paid an average effective federal tax rate of 12.6% in 2010, the Government Accountability Office said Monday.

The federal corporate tax rate stands at 35%, and jumps to 39.2% when state rates are taken into account. But thanks to things like tax credits, exemptions and offshore tax havens, the actual tax burden of American companies is much lower.
In a report commissioned by Senators Carl Levin (D-Mich.) and Tom Coburn (R.-Okla.), the GAO looked at taxes paid by profitable U.S. corporations with at least $10 million in assets.

 
 
Comment by goon squad
2014-11-19 09:57:48

Obama is gonna amnesty 34 million on Friday, but if the trend in this article continues, there will be 60+ million here in a few months

All of who will vote Democrat Party for life

http://www.infowars.com/texas-rancher-executive-amnesty-rumors-increasing-immigration/

Comment by In Colorado
2014-11-19 10:46:25

Obama is gonna amnesty 34 million on Friday, but if the trend in this article continues, there will be 60+ million here in a few months

Invest in Burrito futures.

Comment by rj chicago
2014-11-19 11:08:51

Sheesh - may have to reconsider my potential move to region VIII.

Comment by In Colorado
2014-11-19 13:31:17

You would hate it here. Please tell all your friend that it sucks here.

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Comment by goon squad
2014-11-19 13:45:52

+1

 
 
Comment by rj chicago
2014-11-19 14:58:25

grew up there - changed that much?

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Comment by Avocado
2014-11-19 11:32:25

They don’t get citizenship, just the right to pick strawberries.

white, black kids wont take those jobs. Owners wont pay enough, so we are left with cheap illegal labor.

Comment by Ben Jones
2014-11-19 11:51:53

‘Owners wont pay enough, so we are left with cheap illegal labor’

Aren’t there programs to let in crop picking labor?

One thing about all this amnesty-so-the-berries-get-picked. Why don’t the people from the last amnesty pick them? Or their kids? Oh, that’s right, once they’re citizens, that work pays too little or is too hard.

Comment by Avocado
2014-11-19 13:21:54

Legal worker status is what they get, “citizenship” is something different as you know.

Supply and demand.

Work is obviously too hard for some, not enough pay. But trying to live off food stamps at $144 is not going to keep ya alive. So people must do something to pay the rent.

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Comment by In Colorado
2014-11-19 13:29:14

Are they really going to get green cards? From what I’ve been reading, all Obama can really do is to declare a moratorium on deportations. The next admin could turn around and restart them.

 
Comment by Avocado
2014-11-19 13:40:52

They wont get citizenship. Just legal status to work. Sure if they breed, their kids are citizens per the law.
The GOP can certainly write it’s own reform and present their ideas. O is still waiting.

 
Comment by Scored by CBO
2014-11-19 15:24:41

Are you sure once they start “paying” taxes, they will not be given a path to citizenship? Courts will do it for them….politicians won’t have to.

 
 
 
Comment by MightyMike
2014-11-19 13:21:14

Owners wont pay enough, so we are left with cheap illegal labor.

Or maybe owners won’t pay enough because they can pay the illegals so little. If the illegals were kept out, the owners would be forced to pay enough to attract citizens and legal immigrants.

Comment by azdude
2014-11-19 13:36:52

Picking strawberries is not glamorous enough work for Americans due to the high cost of living. Even at 20 bucks an hour I doubt u could get whitey out there. Plus it is real work. You actually have to produce something. A lot of people are use to showing up and calling it good.

The migrant workers usually keep exspenses low buy stuffing a lot of folks in a home and sending their cash back to where they came from where it goes a lot further.

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Comment by MightyMike
2014-11-19 13:56:28

I see a lot of young white Americans working at fast food places for minimum wage or telemarketing jobs for 10 or 11 bucks an hour. I would have to think that that at least some of them would b willing to pick fruit for $20/hour.

But if the farmers couldn’t get workers for $20, than they would just have to offer more than that. Or they could throw in health insurance and a dental plan. That’s what employers have to do in a market economy, not go crying to the government to supply them with cheap labor.

 
Comment by Avocado
2014-11-19 17:32:46

$20 an hr plus? In CA that might cost an employer $30 (with comp and insur) an hr to pick strawberries and then the lawsuits from poor working conditions and not enough breaks. Wine will be $50 a bottle for the cheap stuff.

cost us taxpayers $$ no matter how you shake it.

 
Comment by Ben Jones
2014-11-19 17:35:22

‘Wine will be $50 a bottle for the cheap stuff’

Uh, what are you saying anyway? You seem to be schizophrenic.

 
Comment by Avocado
2014-11-19 17:39:10

What are you saying? I have no idea, you are against illegals, but you think hiring whiteys at $30 an hr is ok??

 
Comment by Housing Analyst
2014-11-19 17:44:16

He’s a spammer.

 
Comment by MightyMike
2014-11-19 17:45:07

Wine will be $50 a bottle for the cheap stuff.

That sounds like a wild guess. I think that conventional economic theory would say that the price of wine would go up, but that the profit margin per bottle would also decline, so that not all of the costs would be passed on the consumer.

At that level of wages, it’s also possible some form of automation would be developed. I think that I saw something a couple of years ago about how some orchards in Florida had machinery that could pick oranges off of the trees.

In any case, if cheap wine was $50 for a bottle it would be a more honest arrangement. If the taxpayers have to pay a bunch a money on benefits for grape pickers, they’re subsidizing wine drinkers as well as wine producers. Those taxpayers include people who don’t drink wine at all.

 
Comment by Ben Jones
2014-11-19 17:55:37

‘you are against illegals’

I’m not “against” illegals. I’ve explained this before; I was a 100% open borders libertarian. Then I moved about 30 miles from Mexico, where it’s a free zone. I saw that the welfare state had taken over and did a 180 on the subject. As I said elsewhere, if you think this labor is cheap, go visit a Phoenix emergency room.

What are you saying?

What I mean is I can’t understand what you are trying to say.

‘I think that conventional economic theory would say that the price of wine would go up’

Yeah, world’s in a deflationary spiral, red grape fields have been over-planted all over the globe. Wine prices aren’t going anywhere except down maybe.

 
Comment by MightyMike
2014-11-19 18:01:08

Yeah, world’s in a deflationary spiral, red grape fields have been over-planted all over the globe. Wine prices aren’t going anywhere except down maybe.

There’s already a lot of quite cheap wine out there. You can get something that’s not bad from Australia for $6. If the cost of production increased significantly, the producers might be able to pass part of that cost on to the consumers.

 
Comment by Dman
2014-11-19 19:31:01

Illegal immigrants are a pain, but does anyone really think that we are going to deport 11 million people? Unless we become a police state it ain’t gonna happen.

 
 
Comment by Avocado
2014-11-19 13:43:12

That is my point. Foster Farms and Hilton love illegal labor, it is cheap for them and cost us taxpayers.

Easy to stop illegals from working here (if they really wanted)

Make it illegal to rent to an illegal
no bus pass
no school
no bank account
no jobs
no health care

ps. big biz does not want it to stop

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Comment by Ben Jones
2014-11-19 16:30:43

Go to a Phoenix emergency room and tell us about cheap labor.

 
Comment by Avocado
2014-11-19 17:36:18

Exactly!! taxpayers pay the price, business get the cheap labor.
this is my point. big biz does not want to end cheap labor. it is all smoke and mirrors.

there is a set cost, right now tax payers subsidize all the business that hire illegals.

go after the people who hire illegals, then the illegals stop coming for work.

Every landscape co, builder, hotel, restaurant, in So Cal uses illegals.

 
Comment by Dman
2014-11-19 19:37:05

I agree. If Repubs really cared about illegal immigration they would pass strict laws forbidding the hiring of illegals. Dems won’t vote for such a law because it would alienate Latinos, and Repubs won’t because it would alienate all those businesses that rely on cheap illegal labor. Its all just politics, but take away the reason to come here (jobs), and they will stop coming.

 
 
 
Comment by Michael Viking
2014-11-19 15:05:01

white, black kids wont take those jobs. Owners wont pay enough, so we are left with cheap illegal labor.

I’ve thought about this over the years and I don’t get it. I picked lots of things for money growing up, my parents picked things, my grandparents picked stuff and I know for sure my great grandparents did, too. Lots of my friends picked stuff for money, too, while growing up. We weren’t paid by the hour, we were paid by how many berry flats or whatever that we turned in. Work harder = make more money. We picked right along side Mexicans and often Vietnamese (never saw any blacks).

Why can’t white people pick stuff now? What’s different? I can’t believe it’s money.

 
 
Comment by Avocado
2014-11-19 16:37:26

The plan would not grant them citizenship or legal permanent residence like a “green card.” Instead, it will allow people to register with the federal government and, if they clear a series of background checks and other requirements, be shielded from deportation proceedings. They would also be given work permits and assigned Social Security numbers so they can legally work and pay taxes.

Comment by Dman
2014-11-19 19:45:47

Don’t bother trying to explain the facts - the Obama haters will just post a link to some right-wing website filled with phony outrage and exclamation points. Its an alternative reality they’ve created for themselves that let’s them repeat the latest buzz words (Benghazi!!!) without having to actually deal with reality.

 
 
 
Comment by goon squad
2014-11-19 10:10:24

No “pent-up demand” for $500,000 starter homes here

http://www.businessinsider.com/wage-inflation-remains-abnormally-low-2014-11

A nation of broke @ss loosers

Comment by Puggs
2014-11-19 10:50:08

The 18T tote soon to blink on the big board sez so.

Comment by azdude
2014-11-19 11:59:24

They want more inflation to get people more addicted to debt and slaves to the commercial banks who fund campaigns.

 
 
 
Comment by Avocado
2014-11-19 11:11:48

I don’t think CA will become a ghost state due to the drought. San Diego and Cambria and other citys quickly built de-sal.

If humans can live in Vegas and Phoenix, CA will be fine.

The 8th largest economy (ca) will not end. They could build pipelines like they do for oil and nat gas to place with too much water.

Comment by Housing Analyst
2014-11-19 11:39:46

We will. And we’re going to bleed your state dry.

Comment by Avocado
2014-11-19 13:47:09

Then no wine, almonds, grapes, avocados, lettuce, tomatoes, rice, cheese, beef, pork….. for you at low, low prices.

not so easy, is it?

Got Milk?

Don’t hate, participate.

Comment by Housing Analyst
2014-11-19 17:05:31

Like there isn’t wine, almonds, grapes, avocados, lettuce, tomatoes, rice, cheese, beef, pork produced in the other 49 states for far less.

California can dry up and fall off and nobody would ever know it…. or care.

Don’t lie. Seek the truth.

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Comment by Avocado
2014-11-19 17:42:28

Ahh…. some delicious Cabernet from Kentucky.

CA provides 33% of the nations food. If CA fails, the US fails. 8th largest economy in the WORLD.

You are wishing for bad things to happen to 200+ million people. Kinda odd. Get help. >

 
Comment by Housing Analyst
2014-11-19 18:10:32

Low grade swill from a radioactive hell hole over fine french wine?

CA provides 34% of the nations welfare cases.

Get a grip Lola.

 
Comment by Avocado
2014-11-19 19:48:55

Comment by Housing Analyst
2014-11-19 17:44:16
He’s a spammer.
****
This made me LOL! The spammer called me a spammer!

 
Comment by Housing Analyst
2014-11-19 20:07:50

Spammers get banned Lola. ;)

 
Comment by Ben Jones
2014-11-19 20:50:48

Vallejo

 
 
 
 
Comment by Dman
2014-11-19 11:53:41

When Texas water becomes contaminated by fracking us midwest folks will be more than happy to sell them our water at, what, $100 a barrel or so?

Comment by Housing Analyst
2014-11-19 12:02:20

Nope. We’re already into them close to a half billion on design costs for pipe, plants and desale.

 
 
 
Comment by Wittbelle
2014-11-19 12:06:50

http://news.yahoo.com/dry-san-diego-look-sewers-water-source-075210043.html;_ylt=AwrBJR.a52xU8GcAmRyZmolQ

“It’s the investment you make for a locally produced, drought-proof water supply,” he said.

Comment by azdude
2014-11-19 13:39:38

sounds delicious people would never know the difference

is there a difference between cow dung and human feces?

Comment by Wittbelle
2014-11-19 13:54:48

“Locally produced” by locals! Yum!

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Comment by oxide
2014-11-19 13:41:53

They could build pipelines like they do for oil and nat gas to place with too much water.

I believe years ago someone made noises about building a pipeline to Lake Michigan. The State of Michigan told them to f-off. If they want Michigan water, they can move to Michigan.

Comment by Avocado
2014-11-19 17:52:41

Do we all have to move to Alberta?

 
 
 
Comment by Wittbelle
2014-11-19 14:12:41

http://sealevel.climatecentral.org

Interactive map is interesting. Yeah, regardless of HOW or WHY, sea levels are rising.

 
Comment by phony scandals
2014-11-19 14:33:55

Dem on Securing the White House: How About a Moat?

November 19, 2014 - 11:43 AM
By Melanie Hunter

(CNSNews.com) - At a Secret Service oversight hearing on Wednesday, Rep. Steve Cohen (D-Tenn.) raised the possibility that a moat would be effective in preventing unwanted intrusions into the White House in response to recent incidents involving fence jumpers – including one man who made it all the way inside.

“Would a moat – water, six feet around – be kind of attractive and effective?” Cohen asked acting Secret Service Director Joseph Clancy at the Judiciary Committee hearing.

“Yeah, sir, it may be. One of the things we balance is obviously the accessibility of the White House. We recognize the historic nature of the White House and how the American people should have access to the White House,” said Clancy.

http://www.cnsnews.com/…/article/melanie-hunter/dem-securing-white-house-how-about-moat - 51k -

Comment by Avocado
2014-11-19 15:10:52

lol! a moat!! Spending millions!

how about just fix the fence? duh!

 
 
Comment by phony scandals
2014-11-19 14:56:17

Fees Paid To Rahm Emanuel Donor Firm Increased After Emanuel Became Mayor

by David Sirota | International Business Times | November 19, 2014

The John Buck Co., a real-estate investment firm whose executives contributed substantially to the campaign of Chicago Mayor Rahm Emanuel, has earned more than $1 million in fees for managing city pension money. The details of the company’s fees emerged amid scrutiny over the propriety of the campaign contributions from company executives.

According to a newly released document from the Chicago pension system, the taxpayer fees paid to the John Buck Co. from one Chicago pension fund increased when Emanuel took office. In the year before he took office, the John Buck Co. was paid $161,141 in fees by the Laborers’ & Retirement Board Employees’ Annuity & Benefit Fund of Chicago (LABF). The next year — when Emanuel assumed office — those fees jumped to $262,500. In 2012 and 2013, the fees increased to $300,000 per year. Public documents from LABF say the decisions to move pension money into the system’s current John Buck investments were initiated in 2006 and 2009.

The document was obtained by International Business Times through a Freedom of Information Act request to one of the five Chicago pension funds in the city’s $23 billion retirement system.

Read more

Comment by Wittbelle
2014-11-19 16:51:33

What? Rahman Emanuel is corrupt? What a shocker.

 
 
Comment by phony scandals
2014-11-19 15:03:55

NO ONE CARES ABOUT JONATHAN GRUBER!!!!!!!!!

MSNBC Host Literally Screams ‘No One Cares About Jonathan Gruber!’

[VIDEO]
4:23 PM 11/18/2014

MSNBC’s “The Cycle” went into overdrive while covering for the Obama administration and the recent videos of Obamacare architect Jonathan Gruber insulting American voters and admitting to lying about to law, with co-host Ari Melber literally screaming “Nobody cares about Jonathan Gruber!”

MELBER: “He’s some dude who said that. Who cares?”

CO-HOST ABBY HUNTSMAN: “A dude who worked on it!”

MELBER: “Who cares! He did not work directly on it, although he worked on the Massachusetts model. He wrote some policy. I hope this is what Republicans continue to do, because it’s pathetic. And the fact that they’re so excited about this, trying to go do oppo research on a dude that someone has not ever heard of. Oh my God, Barack Obama hasn’t heard of Jonathon Gruber? Neither has the American voter which doesn’t implicate their intelligence at all.

“No one cares about Jonathan Gruber! I swear to you!

dailycaller.com/…/ - 121k -

Comment by Tarara Boomdea
2014-11-19 16:12:47

Comment by phony scandals
2014-11-19 15:03:55

MSNBC Host Literally Screams ‘No One Cares About Jonathan Gruber!
dailycaller.com/2014/11/18/msnbc-host-literally-screams-no-one-cares-about-jonathan-gruber-video/

 
 
Comment by phony scandals
2014-11-19 15:32:20

Follow the money

Obama Gives $3 Bil to U.N. Climate Fund Run by Communist, Terrorist Nations

Obama gives away money while the nation suffers through a colossal budget deficit

by Judicial Watch | November 19, 2014

President Obama has committed a mind-boggling $3 billion to a new United Nations Green Climate Fund run by officials from Communist nations, a country that appears on the State Department’s list of terrorism-sponsors and an Arab oil-industry chief.

As if it weren’t bad enough that our commander-in-chief is giving away money while the nation suffers through a colossal budget deficit, there are countless reasons why this is a lousy idea. First of all, the United Nations is a famously corrupt organization that is already largely funded by Uncle Sam to the tune of billions annually. The exact figure is tough to nail down because the U.S. cash flows, not just directly to U.N. coffers from the State Department and the U.S. Agency for International Development (USAID), but also from a number of other government agencies to the U.N. system.

The entire world body is well known as a pillar of fraud and mismanagement, but that hasn’t slowed the tide of American taxpayer dollars. Even the U.N.’s Human Rights Council, funded primarily by American taxpayers, is a huge joke. A few years ago Judicial Watch reported that the U.N. awarded a genocidal warlord indicted by an international court for crimes against humanity a seat on its laughable human rights council. His name is Omar Al-Bashir, a ruthless African dictator charged by the International Criminal Court of war crimes in Darfur for killing thousands of his own citizens.
The last thing we need is another global U.N. initiative looking for cash. The “urgency and seriousness of climate change” inspired the crooked world body to create the Green Climate Fund, which aims to help the international community combat global warming. Here’s the plan in a nutshell; the fund will promote the paradigm shift towards low-emission and climate-resilient development pathways by providing support to developing countries to limit or reduce their greenhouse gas emissions and to adapt to the impacts of climate change. This will be accomplished by following the United Nations Framework Convention on Climate Change, an international environmental treaty that aims to stabilize greenhouse gas concentrations.

Predictably, this can’t be accomplished cheaply and President Obama stepped up to the plate with the astounding $3 billion allotment. He made the announcement this month during a speech in Australia. “Now, today, I’m announcing that the United States will take another important step,” Obama said “We are going to contribute $3 billion to the Green Climate Fund so we can help developing nations deal with climate change. So along with the other nations that have pledged support, this gives us the opportunity to help vulnerable communities with an early-warning system, with stronger defenses against storm surges, climate-resilient infrastructure.” The speech, delivered at University of Queensland in Brisbane, went on and on but the snippet is sufficient to relay its gist.

Now let’s take a look at who’s running this new Green Climate Fund that’s supposed to save the world from the ills of global warming. Among the board of directors is Yingming Yang, the Deputy Director General of Communist China’s Ministry of Finance and Jorge Ferrer Rodriguez, a minister in Cuba’s Ministry of Foreign Affairs. The Communist island has for years appeared on the State Department’s list of nations that sponsor terrorism. Another interesting board member is Ayman Shasly, an official in Saudi Arabia’s Ministry of Petroleum and Mineral Resources.

Comment by Avocado
2014-11-19 16:38:56

Don’t forget Obama’s war he started in 2003. It cost $9 mill a day!

Mission Accomplished.

Comment by Jonathan Gruber
2014-11-19 17:13:38

+1

 
Comment by Housing Analyst
2014-11-19 17:13:53

Lola, Liberace, Avocado. It’s all the same.

 
 
 
Comment by Avocado
2014-11-19 16:45:12

We will hear it tomorrow:
The plan would not grant them citizenship or legal permanent residence like a “green card.” Instead, it will allow people to register with the federal government and, if they clear a series of background checks and other requirements, be shielded from deportation proceedings. They would also be given work permits and assigned Social Security numbers so they can legally work and pay taxes.

That move would serve as an extension of a 2012 program that Obama created that protected undocumented immigrants who were brought into the country as children. So far, the Deferred Action for Childhood Arrivals program, or DACA, has approved more than 580,000 undocumented immigrants.

Plan will include more border security.

__

Reagan gave amnesty to 3 mill! O better hustles to beat R’s high score.

Comment by Ben Jones
2014-11-19 16:51:14

Yeah, yeah, if you like your gardener, you can keep your gardener.

Look, when you see all the really big honcho’s in DC get behind something like this, you know you are seeing the power that runs the two party dictatorship. That’s why it helps to remember what these things are about; dissolving the nation state. Slowly, fast, it doesn’t matter. This is the globalist at work tearing down the old order and making many trillions in the process.

 
 
Comment by goon squad
2014-11-19 17:23:34

Sly & the Family Stone “You Caught Me Smiling”

http://www.youtube.com/watch?v=lwLC2s75_mk

 
Comment by goon squad
2014-11-19 17:31:41

Radiohead - No Alarms And No Surprises

“You look so tired, unhappy
Bring down the government
They don’t
They don’t speak for us”

http://www.youtube.com/watch?v=eqkgpHnp7Tg

Comment by Avocado
2014-11-19 17:45:39

Yeah! Bring them down. Unless you live in Ferguson, then PLEASE PROTECT US!

 
 
Comment by goon squad
2014-11-19 17:40:36

Ice Cube - Amerikkka’s Most Wanted (full album)

http://www.youtube.com/watch?v=blrwIyzPL-M

 
Comment by goon squad
2014-11-19 18:20:51

Allman Brothers - Brothers and Sisters (full album)

http://www.youtube.com/watch?v=SJ-5lO-yaOg

 
Comment by phony scandals
2014-11-19 19:00:20

Region IV

 
Comment by Shillow
2014-11-19 20:56:49

Coming back from work and seeing Avaocado’s apparent hysteria is enlightening. Where is it coming from all of a sudden? It’s like she knows that her SaviorDaddy is getting ready to make a huge mistake but is doing everything she can to hold on and defend him.

Either that or her wits are frayed trying to keep up the charade here and other places she is being paid to post.

Comment by Housing Analyst
2014-11-19 21:22:41

I hear Lolacado’s wailing and gnashing of teeth now. That’s what she gets for paying a grossly inflated price for a run down house in a hole like California.

Did you double down on your debt-sentence and finance it too Lola?

Comment by iftheshoefits
2014-11-19 21:36:17

If in fact that’s the real story. I think it’s someone living in Mom & Dad’s basement, destined to stay there. Good for mockery, little else.

 
 
 
 
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