Bits Bucket for October 2, 2015
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The Housing Bubble
Examining the home price boom and its effect on owners, lenders, regulators, realtors and the economy as a whole.
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Name:Ben Jones
Location:Northern Arizona, United States
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Gas this week, $2.49/gal.
Nothing accelerates the economy like falling prices. Nothing.
Nothing accelerates the economy like falling prices. Nothing.
Deflation is wonderful but only briefly. The 50% off liquidation sales at the stores are great but unfortunately the shelves never get restocked because the store went out of business and employees all got laid off. Deflation sucks.
Falling prices to dramatically lower and more affordable levels is positively bullish and good for the economy.
Communism sucks.
Mafia is correct.
I have lots of cash but refuse to buy anything at an inflated price. Deflation will actually make me go out and spend that cash.
See - good for the economy!
After the layoffs or before? (see HP, see WMT)
The layoffs already occurred. Don’t be a Liberace and remember…
Labor Force Participation Rate Plummets To 38 Year Low
http://data.bls.gov/timeseries/LNS11300000
Yup, we only have to look at the Great Depression to see how well that worked out.
That’s right… communism-lite never works out well.
Grandma and family lived on a Kansas farm during the Great Depression and for three years there was no harvest. They were fine, they had some savings. The stores did indeed restock, but most people hadn’t saved anything to pay for goods.
“At first there was no seed, then there was no money to buy seed.” is from her.
My dad worked on my great grandparents’ farm in Ohio during the GD. They always had enough to eat and fed the hobos who traded labor for food. They did not feel any depression since they had all their needs from their self sufficiency.
Grandma and family lived on a Kansas farm during the Great Depression
During the 20’s and the Great Depression my Grandfather fought for the Coal Miners Union.
Sometimes wielding and facing arms.
My grandparents were so poor during the Great Depression, one night a burglar broke into their house and they robbed him.
(I confess, I totally made that up.)
And as a renter, I can afford to burn alot of it
http://www.picpaste.com/IMG_20151002_085157.jpg
Region VIII
Looks like drought country.
My area ranges $2.19 –> $2.29, more if it’s near a highway exit or expensive nabe.
Giant and Safeway (grocery stores) both offer rewards programs. Spend $100, get 10 cents off.
$2.19 in Southeast Phoenix. Yesterday in Quartzite it was $2.55. Only 40 cents less than my place in OC. I think Ehrenburg and Quartzite raise prices a bit on gas during the weekdays and lower them to be closer to like Phoenix on weekends.
I so look forward to moving back to Arizona in a few years!
Epic miss on jobs numbers. The algos (we no longer have true markets) will interpret this as more ZIRP and QE.
http://www.marketwatch.com/story/us-gains-142000-new-jobs-in-september-unemployment-51-2015-10-02
Is this development expected to spark a selloff on global share markets? Should be a good day for those who kept the faith in long-term Treasurys in the face of the Fed’s never-ending liftoff threats.
Markets
Markets Retreat After Weak U.S. Jobs Report
U.S. stock futures, dollar give up gains; Treasury yields drop, as U.S. adds far fewer jobs than forecast
By Tommy Stubbington and Riva Gold
Updated Oct. 2, 2015 8:43 a.m. ET
U.S. stock futures fell Friday following a weak U.S. jobs report that indicated turmoil in China is affecting growth in the U.S. economy.
The Labor Department said nonfarm payrolls rose 142,000 in September, far below the trend over the past year and a half, while the unemployment rate remained at 5.1%. Economists surveyed by The Wall Street Journal had projected a 200,000 increase in payrolls and the jobless rate to remain unchanged at 5.1%.
Stock futures indicated a 0.8% decline for the S&P 500 and a 0.7% opening drop for the Dow Jones Industrial Average. Previously stock futures indicated an opening gain of 0.5% for both the S&P 500 and the Dow industrials. Changes in futures aren’t necessarily reflected in market moves after the opening bell.
The yield on the benchmark U.S. Treasury note fell below 2% for the first time since Aug. 24. The dollar fell against major currencies after the report and oil futures erased early gains.
Ahead of the report, Asian markets were mixed. Japan’s Nikkei 225 closed 0.1% higher after falling earlier, and Hong Kong’s Hang Seng climbed 3.2% as it reopened from a holiday. Shares in Australia fell 1.2%.
Stock investors had been hoping for a strong number, even though that would likely bring forward the prospect of a Fed rate rise, according to Christian Stocker, an analyst at UniCredit. Rock-bottom rates have helped fuel years of rising stock markets.
“Investors have realized that the era of easy money will come to an end, whether it is this year or next year. Now they are hoping that the economy is strong enough to support that,” he said.
…
I wonder how many of those 142k jobs were from the birth death models?
What happens when all those service jobs created in our Obama-Fed-Goldman Sachs “recovery” have no one left to service? (Except for the hookers in the Hamptons).
burgers and bartender jobs? best jobs around here r in govt.
I have been using yahoo.finance.com for most of my stock market news for about 5 years. The adds and the auto-on sound videos are getting to be too much. Where is a better place to monitor the markets: stocks, bonds, financial news?
I can’t help you. My cash doesn’t yell at me.
Funny. Does it just lay there being silent?
Sometimes it whispers “Don’t forget where you put me.”
Decades ago friends got married and bought an old “Oil City” farmhouse. The were putting in a washer in the basement and knocked lose a stone from the basement wall.
!!!!!!!!
“…and knocked lose a stone from the basement wall.”
Hidden Genie in a bottle or “Man the bilge pumps!”?
“Money doesn’t talk. It swears.”
- Bob Dylan
I ignore the ads. If you use a touch screen keep the fingers away from the ads. Anywhere, pop ups are getting worse. And you can set your browser to block popups.
Yahoo finance is one of the best for searching g info on stocks. I use its Java based screener sometimes. That is when I am in a stock buying mood. My screens come up with no value stocks so that means I stay in cash.
The Sniff Test
Companies are cutting jobs and buying back stock at the same time
Published: Oct 2, 2015 4:32 p.m. ET
- Hewlett-Packard, Target and Schlumberger announced the biggest layoffs this year, while buying back large amounts of stock
- Some companies are cutting jobs with one hand, buying back stock with the other
By Tomi Kilgore
Reporter
How would you feel if the company that just laid you off said it was spending millions of dollars, or even billions, to buy back its stock?
At least you wouldn’t feel lonely.
U.S. companies announced 205,759 job cuts during the third quarter, the most since the third quarter of 2009, just after the Great Recession, according to data provided by outplacement company Challenger, Gray & Christmas Inc. In September, the number of announced job cuts was nearly double what it was at the same time last year.
On Friday, the Labor Department released a stinker of a September jobs report.
At the same time, share repurchases announced by U.S. companies during the third quarter remains around the highest levels in at least the last decade, according to data provider Dealogic Ltd. In September, companies authorized buybacks totaling $243.4 billion, more than seven times the amount announced in the same month a year ago, Dealogic said.
One might think these corporate actions are mutually exclusive, but as the chart above shows, many companies are doing both. In fact, some companies have even announced job cuts and share buybacks in the same news release.
…
Loading companies up with debt and buying back stock creates executive bonuses. Long term it’s probably destructive, but the people in charge of these decisions don’t seem to be bothered by such considerations.
rapidly.depreciating.houses.
Is it true that this has been one of the worst years on record so far for the U.S. stock market? What percentage of years during the past century have been worse?
The S&P 500 is down 6.46% for the year so far (on pace for approximately down 8.6%).
If 8.6% is the target, 15 years since 1928 have been worse, so this would be the 16th worst year with 88 data points.
So, 15 of 88 (17%) have been worse.
As a “bad” year, 8.6% is actually pretty mild, when you consider that the average return over the 87 prior years (including the big drawdowns) is +11.5%.
There have been 5 years with a decline of more than 25% (1930, 1931, 1937, 1974, 2008). Now those are bad years.
Thanks for the analysis!
Interesting: 7 years after 1930 the market dripped 25%. Here we are 7 years after 2008!
Fortune Insider China
Don’t blame China for what’s ailing U.S. stocks
COMMENTARY by Frank Beck , Bryan Anderson
October 1, 2015, 12:37 PM EDT
… the recent focus on China’s declining stock market highlights that many don’t fully realize their market is not like the U.S. It is not a free market, and therefore is not predictive of future Chinese economic growth.
The U.S. market was not correlated to the Chinese market on its way up. Why would investors think the U.S. market will correlate to the Chinese market on its way down? Their entire market roundtrip took only nine months – six months rising and three months giving the gains back. The past month, China’s markets have been relatively flat, trading within a 10% range. The U.S. saw no broad gains when the Chinese market rose. Yes, the U.S. markets are linked, but they do not closely correlate.
…
Gold up nicely this morning, probably in anticipation of more Fed/Central Bank money-printing.
http://www.kitco.com/market/
Good news is that assets like this are becoming more affordable every day you can resist throwing away your USD on them. Think about what happens when the biggest driver of global “growth” has rolled over into contraction.
Holding out for a 3 percent dividend yield on the S&P. Otherwise, T-Bills are good.
It’s short lived. QE has been in full force and gold has gone down from $1800 to $1100. With QE 4 I expect gold to drop below $1000. QE keeps long term binds and stocks inflated and discourages flight to safety. It is fun how lots of people think ZIRP is good for gold. ZIRP is good for gold only for buying, because when ZIRP ends, gold will move up sharply and you want to prepare for selling at $2000. I keep stacking.
OK, but you are missing something big.
How’s the hope ‘n change working out for ya, ‘Murica?
http://www.breitbart.com/big-government/2015/10/02/record-94610000-americans-not-labor-force/
Yep. The house of cards of low interest rates forever, print night/day and record deficits is collapsing.
———————-
Big miss: U.S. added only 142K jobs in September
cbsnews.com | October 2, 2015 | CBS/AP
The U.S. economy added only 142,000 jobs last month, the Labor Department said Friday. The unemployment rate remained unchanged at 5.1 percent.
Analysts had forecast growth of a much more robust 206,000 jobs and an unchanged unemployment rate.
Imagine what the real numbers must look like.
Did sheeple cheer the bad jobs report under Bush in 2008?
The same retards who elected Bush also voted for Obama, McCain, and Romney.
Fundamentally transforming America.
Lowest Labor Participation Rate since 1977
Maybe bigger government can solve this. And higher taxes. And even more regulations because obamacare didn’t go far enough.
——————-
Participation Rate Crashes To October 1977 Level: Americans Not In The Labor Force Soar By 579,000 To Record 94.6 Million
ZeroHedge - Today
While the September jobs number was an absolute disaster, here is the real punchline: in September, the people not in the labor force soared by a whopping 579,000 to a record 94.6 million, up from the previous record 94.0, even as number of people employed - according to the household survey used to calculate the “5.1%” unemployment rate - tumbled by 236,000 to 148.8 million. 62.6% to 62.4%, it was the lowest since October 1977.
Lowest Labor Participation Rate since 1977
…bigger government can solve this. And higher taxes. And even more regulations
Actually you’re close. The redistribution of wealth from the very rich back to the middle-class and poor is the only thing that can solve America’s lack of jobs. The Trickle/Down lie is the problem.
Wealth does not trickle down from the rich to the poor. Period.
http://money.cnn.com/2015/06/15/news/economy/trickle-down-theory-wrong-imf/
…researchers found that when the top earners in society make more money, it actually slows down economic growth. On the other hand, when poorer people earn more, society as a whole benefits.
The researchers calculated that when the richest 20% of society increase their income by one percentage point, the annual rate of growth shrinks by nearly 0.1% within five years.
This shows that “the benefits do not trickle down,” the researchers wrote in their report, which analyzed over 150 countries.
Correlation or causation?
Is the cause wealth inequality? Or is the cause technological advances that place less value on labor, and more value on capital?
Gotta get to the cause to be able to solve the problem.
Price fixing and price bottlenecking resulting from central planning (communism) is the cause my friend.
Is the cause wealth inequality? Or is the cause technological advances that place less value on labor, and more value on capital?
It’s obvious that public economic policy has caused wealth inequality in the USA, because Northern Europe and other countries have experienced the same technological advances, however policy in those countries have distributed the productivity much more evenly the past 30 years.
Yes, but they also seem to be lagging in actual productivity growth.
It’s more evenly distributed, but there is less of it.
http://www.forbes.com/2010/10/25/europe-european-union-eu-productivity-lag-leadership-managing-mckinsey.html
And let’s not forget their wonderful unemployment rates.
http://money.cnn.com/2014/01/08/news/economy/us-europe-unemployment/
Yes, but they also seem to be lagging in actual productivity growth.
They? The entire European Union is not the Northern Europe that I mentioned. And I think and hope you know it.
See especially Scandinavia.
U.S. lags behind peer countries in mobility
http://www.epi.org/publication/usa-lags-peer-countries-mobility/
While faith in the American Dream is deep, evidence suggests that the United States lacks policies to ensure the opportunities that the dream envisions. According to the data, there is considerably more mobility in most other developed economies.
And how do you tease out currency effects? Clearly exporting countries like Germany do better because of their weaker neighbors to the south. And how do you tease out the benefits of natural resources?
Answers are not simple.
Especially when your thesis is based on criticism of policies that started significantly AFTER the commencement of the divergence in productivity and income growth that you tout as the greatest piece of evidence of what is wrong with American Capitalism.
Let’s put that aside for a moment.
There is evidence that simple wealth transfer doesn’t work to permanently raise people out of poverty, so the whole idea of “wealth redistribution” is flawed.
But let’s say the middle class needs help in today’s environment. What would you propose we do to help them…specifically? Ignore how it is paid for (for now–although we both know increased spending will ultimately be paid for through higher taxes).
There is evidence that simple wealth transfer doesn’t work to permanently raise people out of poverty, so the whole idea of “wealth redistribution” is flawed.
So that must mean that income redistribution is the better policy.
There is evidence that simple wealth transfer doesn’t work to permanently raise people out of poverty, so the whole idea of “wealth redistribution” is flawed.
There is no evidence and wealth redistribution is not flawed if those “wealth transfers” are targeted at education, training, infrastructure, higher wages, stronger pro labor laws, pensions, health-care and higher levels of safety nets such as Medicare and Soc Security. In fact, the evidence supports my point.
But let’s say the middle class needs help in today’s environment. What would you propose we do to help them…specifically?
A lot of this, (for the middle-class and the poor):
Bernie Sanders
On the Issues
https://berniesanders.com/issues/
Perhaps you are right.
I’m still waiting, though, for any politician to advocate actual confiscation of wealth (as opposed to hiking taxes on the upper middle class, which always seems attractive).
Very few of the entertainers, venture capitalists and trust-fund babies who contribute big bux to the Democratic party want to see wealth confiscation. Let me amend that “very few” to read “none”.
I’m still waiting, though, for any politician to advocate actual confiscation of wealth
Many people including Trump (in the past) and Reagan’s former OMB budget director (Stockman) have called for a one time substantial wealth tax.
Many people including Trump (in the past) and Reagan’s former OMB budget director (Stockman) have called for a one time substantial wealth tax.
IIRC, so did the Clintons.
One thing to keep in mind, any nation that does this will be punished by the Banking Clan. Severely punished.
Of course, you have to keep in mind that most middle income people probably still have most of their wealth in tied up in their houses. So the property tax is a kind of wealth tax.
Confiscation of wealth won’t work.
Say a company has a factory which pays $10 million worth of wages to its employees. They move the company to China. They pay the Chinese workers $5 million, pay $4 million to the stockholders, and the CEO takes homes a $1 million bonus. What good does it do to raise taxes on the CEO’s $1 million? That’s, what, a couple hundred thou at most?
Rather than confiscate from that $1M bonus, it’s much better to bring back the $10 million of wages on the front end.
Rather than confiscate from that $1M bonus, it’s much better to bring back the $10 million of wages on the front end.
But it’s all related. You say “confiscation of wealth won’t work”, but what you’ve just described is a “confiscation” of power and power is a definite aspect of wealth. Or vise versa.
It’s not just wealth that needs to be redistributed back to the middle-class. It’s opportunity and power.
We got robbed. Badly.
Ok, but you are missing something too. Wealth travels from debtors to lenders. It’s debt that has impoverished Americans more than the theft and corruption.
Speaking of debt, corruption and impoverished, quite the fiasco in your country. Olympics next year, buckle up.
Olympics next year,
I can’t wait! Brazil is spending Billions on just Rio de Janeiro. Subways, roads, bike lanes, cops, cops on horses even!
quite the fiasco in your country.
LOL. I think it’s funny how you think it “bothers” me when you try to get in little digs to me when you call Brazil “my” country. And how you think you’re so sly to do it.
Hint:
My passport is Blue and has an eagle on it. (But I like living here right now.)
It’s debt that has impoverished Americans more than the theft and corruption.
What’s a shame is that you don’t even get what came first, because you are so one-dimensional on debt. You think the debt came first in America? No.
The debt in America is a symptom and result of the corrupt TrickleDownSupplySide failure. America’s debt has two functions.
1. It covers up the failure of TrickleDown for a time - a band aid.
2. It benefits the super rich which is a major goal of SupplySide.
Therefore your statement “It’s debt that has impoverished Americans more than the theft and corruption” misses the entire point, due to your one dimensional view on debt.
How’s the hope ‘n change working out for ya ??
One hellava lot better than the 2000-2008 period thats for sure….
Especially if your name is Pedro or Ramesh:
http://www.zerohedge.com/news/2015-10-02/native-born-american-jobs-plunge-foreign-born-workers-rise-part-time-workers-surge
+1
How’s the hope ‘n change working out for ya ??
My income has increased almost 25% during this period.
And, yes, I know I’m the exception, not the rule.
Hope n change is 10x better than Bush Trickle Down ‘n’ War.
Hillary! Hillary! Hillary!
Palin, Palin, Palin….
Losses, losses upon crushing housing losses.
Palin ain’t running. Try again, it’s Hillaryous.
Palin ain’t running ??
You never know with this neocon group…
Palin/Jesus 2020
10000 Baby Boomers will turn 65 today, and every day for quite some time. They all then get soc sec ( gov aid)
get it???
Watch the Baby Boomers.
“10000 Baby Boomers will turn 65 today, and every day for quite some time.”
+1 Until 2029 according to the demographers.
One can collect at 62, and full benefit is 66 for my bracket. 65 is Medicare. Please do stay at your day job.
The perma-bulls are starting to throw in the towel as their “everything is awesome!” meme becomes more glaringly discredited.
http://www.businessinsider.com/us-economy-stalling-according-to-economist-chris-rupkey-2015-10
Productive taxpayers, get ready to carry more of Comrade Pelosi’s Free Sh*tters on your backs.
http://www.zerohedge.com/news/2015-10-02/participation-rate-crashes-americans-not-labor-force-soar-579000-record-946-million
Productive taxpayers, get ready to carry more of..Comrade …Free Sh*tters
You like buzzwords but the rich are mostly leaches in America, not the “productive” myth you believe in.
It’s Good to Be Rich: You Get a Lower Tax Rate
http://takingnote.blogs.nytimes.com/2014/11/24/its-good-to-be-rich-you-get-a-lower-tax-rate/?_r=0
…Lower rates on investment income are an invitation to tax avoidance and tax evasion, because they encourage tax dodgers to engage in tactics aimed at reporting ordinary income as investment income. They also worsen inequality because they allow more wealth to be concentrated higher up the income ladder. Simultaneously, they deprive the Treasury of taxes that could help to finance infrastructure and other public goods that contribute to broad prosperity.
+1 Rio. And Trump wants to double-down on Bush’s voodoo tax cuts for the wealthy nonsense. Jeb Bush does too. Gee, tax cuts didn’t spur the “job creators” to create jobs last time, so let’s do it again!
And Trump wants to double-down on Bush’s voodoo tax cuts for the wealthy nonsense.
They are either liars or partly insane.
Jobs Woes Continue As Republican Budget Doubles Down on Failed Economic Agenda
http://urbanmilwaukee.com/pressrelease/jobs-woes-continue-as-republican-budget-doubles-down-on-failed-economic-agenda/
“Under Republicans’ watch, Wisconsin ranks 38th in job growth, dead last in the nation in new business startups, and faces job growth that is only a fraction of the national average. Instead of focusing on creating jobs and stimulating our economy, Republicans have been focused on divisive social issues and paying back out-of-state special interest groups that support Gov. Walker’s presidential campaign.
Labor Force Participation Rate Plummets To 38 Year Low
http://data.bls.gov/timeseries/LNS11300000
Good thing we paid off the national debt while the whole Baby Boom was in the labor force. What, we didn’t?
What was 1977 demographically? Think about it.
Everyone yells about politics, but that has nothing to do with it.
Except that for 38 years the politicians ignored what is now our reality and sold the future in anticipation of a time of greater need.
The Baby Boomers were an historic anomaly that messed up our democratic system as they moved through it (like the cliched pig-in-a-python), by the nature of their size. The interests of whatever period of their life they were in became our national politics, for better or for worse.
In addition, in 1945 when the first of the most self-absorbed, feckless generation in American history, the Boomers, started showing up, Europe was devastated, the rest of the world was largely underdeveloped, and resource-rich America ruled supreme. Now, after the Boomers have depleted our resources and piled up massive problems for future generations to deal with, and we quit making honest coinage in 1964 and got off the gold standard in 1971, and we have been hopelessly dumbed down both genetically and culturally, we are a nation in decline.
hen the first of the most self-absorbed, feckless generation in American history, the Boomers, started showing up,
The SupplySide religion was first pushed by “The Greatest Generation” starting in the 60’s and was introduced on a national scale by Ronald Reagan - not a boomer.
History cannot be dumbed down.
we have been hopelessly dumbed down ..genetically
You sound increasingly creepy.
the politicians ignored what is now our reality ??
Thats because they want to fight over more important things like defunding Planned Parenthood…
Wouldn’t you?
How about this fight? “We screwed up the future, which has arrived, and not it is time to fight over who will become how much worse off in what way?”
More fun to promise goodies and assume 4-6 percent economic growth. Among those who actually don’t give a damn about the future and those who will live in it.
The Planned Parenthood in our area had an arson fire, discovered before dawn yesterday. The building has freeway visibility. Luckily nobody was injured. I guess, doing harm to
others is ok, if they don’t agree with you.
I doubt the intent was to cause human harm, as the clinic was closed at the time. Whether or not burning down PP clinics is an effective tactic to stop abortions is another question altogether.
Good thing we paid off the national debt while the whole Baby Boom was in the labor force. What was 1977 demographically? Think about it.Everyone yells about politics, but that has nothing to do with it.
Politics has a lot to do with it. Trickle/DownTaxCutsForTheRich/ MassiveDeficit spending started in 1981 when most baby boomers were in the labor market.
Then quit whining and get a job Lola.
Mafia
Either your money is working for you, you’re retired, or you need a job or hobby. You’re always here. Don’t you get tired of being a troll?
lying.through.her.teeth.the.whole.time.
Be nice to Mafia. He was recently featured in Trailer Life magazine.
Job Lola.
That’s rich, the Lolas on the Dole-as telling a working man to get a job!
LOL WPA….
“Good thing we paid off the national debt while the whole Baby Boom was in the labor force. What, we didn’t?”
Good thing that the Negros used the Great Society programs to their advantage, e.g., college degrees and two-parent households. Ghetto spending was worth every cent.
Yet all “independents” (really hard core progressives) on this board will still vote for Hillary and straight “we have to pass the law to see what is in it” democrat ticket.
————–
This 35-year-old Republican congressman could revolutionize the House. He should be speaker
The Week | October 1, 2015 | Bonnie Kristian
The race to replace John Boehner is on. And things got even more pressing when Boehner announced yesterday that the House GOP would hold early elections for new leadership — on Thursday, October 8 — a move that seems i
I have a better suggestion: Rep. Justin Amash (R-Mich.). Here are five reasons why.
1. Amash is a stickler for House rules who has never missed a vote. Yes, literally never. And he kept watch on the House floor during the PATRIOT Act debates this past spring, ensuring Republican leadership couldn’t sneak through an extension of the spying bill while other representatives were out of town.
Amash is also a stickler for the Constitution, a commitment that has earned him a reputation as a reliable opponent of mass surveillance, undeclared wars, and similar rule of law violations other Republicans might be willing to let slide. He even voted against the Keystone Pipeline — a project he in theory supports — because the bill awarded an unconstitutional benefit to a single favored corporation.
2. Amash personally explains every vote he casts on his Facebook page. And again, that’s a lot of votes. If he continued this practice as speaker, Amash could offer Americans an unprecedented look at the internal workings and politics of Congress. This hypothetical transparency upgrade isn’t on the table with any other candidate for the next speaker.
3. He’d make time for lawmakers to actually read the bills they pass. Among Amash’s peeves about the way Congress is run: Lawmakers are often not given enough time to read legislation — let alone process and research it — before it’s time to vote. “I vote ‘present’ when: (1) not given time to review; (2) procedural/constitutional concerns on legislation with desirable ends; or (3) conflict of interest,” he explained in 2011, defending his habit of avoiding a “yes” or “no” vote on major bills he couldn’t study in advance.
Amash has backed resolutions to guarantee more time for legislators to prepare for key votes and successfully passed a rule change that makes it easier for Congress (and the public) to understand exactly what effects a new bill will have on existing law. “Voting on legislation with little understanding of it is no way to govern,” he argues — and as speaker, he could ensure this commonsense reform continues.
That third point sounds like nonsense. Congress votes on budget bills every year that thousands of pages long.
Note to all our board progressives: never go full retard.
https://www.youtube.com/watch?v=7wVagQ_LVd4
They don’t care. It’s all Hillary-ous to them. They’ve got their marching orders.
It’s all Hillary-ous to them.
ClubberShrimp. Dude. I’m here today so you know you can’t say as many stupid things as you do when I’m absent.
You know. Things like modern science is discredited because old science was worse. You’re funny.
Lola was for science before he was against it. Also Hillary. He’s been supporting her and Bubba here since he was a tiny green Mango.
since he was a tiny green Mango
Wow.
You shouldn’t even try CountryShrimpPicker. You don’t have the intellectual firepower to be funnier than a wet-willie middle-school level.
on this board will still vote for Hillary ??
Offer a better alternative than McCain & Romney and maybe you will have a better shot at a win 2-fruit….
scdave
All politicians are liars. It’s their nature. Both sides are evil pos.
Of all people. Priceless.
All politicians are liars. It’s their nature ??
Its human nature….
Question is, do you want the one who lies about getting a BJ in the white house from some slutty intern OR do you want the one who lies so he can send thousands of men & women off to die in war to fulfill his fantasy ??
I seem to recall that Billyboy called a wag-the-dog missile strike during the Monica years as well.
Yesterday at Wal-Mart I saw a two-ton Tessie, surrounded by her feral spawn of various baby daddies, lumbering past with a shopping cart filled with usual soda pop, snack food, and processed or frozen Monsanto poison. Naturally she both Obama and Hillary bumper stickers on her car.
How long was your conversation with her?
modeled on Social Security…you mean another big government program that is about to go bankrupt?
————–
The Real Reason People Don’t Save Enough for Retirement
The Atlantic | 10/02/2015 | TERESA GHILARDUCCI
Aesop would have had a straightforward explanation for why some people just can’t manage to save up for retirement: Some people are born ants—industrious and in possession of great willpower—while others are grasshoppers, living only for today.
But while MetLife and Duckworth may have identified some traits associated with inadequate saving, telling people to buckle down is unlikely to do very much, because, by adulthood, personality traits are more or less fixed. A lack of discipline or joie de vivre are hardly the main reasons some people don’t put enough into their 401(k)s or IRAs; the blame lies not with individuals but with the nation’s savings institutions.
Even if someone has access to an IRA or a 401(k), it’s difficult to stash away money—there are always bills to pay or relatives in need of financial assistance. But the fact is, as of 2012, only about half of workers have access to such plans, which makes saving even more difficult. Conscientiousness has little to do with it: Generally speaking, one of the most common answers people give when asked why they aren’t saving for retirement is that they simply don’t have enough money.
Foisting financial literacy or personality transplants onto workers wouldn’t be necessary if there existed a universal savings account, modeled on Social Security. If all workers were automatically enrolled in a savings account that couldn’t be tapped into until retirement (or disability, if that came first), they wouldn’t be burdened with investment decisions. The various proposals for such an account assume a similar structure: The government would let workers contribute to it directly from their paychecks, and it would be managed for them by an independent, government-appointed committee, much like the Pension Benefit Guaranty Corporation or the board that oversees Social Security.
Instead of a retirement-savings system that punishes certain people for being less disciplined, there needs to be a system that acknowledges a simple truth: There will always be both grasshoppers and ants.
There is one way to solve that problem; Send everyone a check for their “contributions”. Send a bill to those who’ve drawn more than their “contribution”.
Problem solved.
Instead of a retirement-savings system that punishes certain people for being less disciplined, there needs to be a system that acknowledges a simple truth: There will always be both grasshoppers and ants.
Isn’t that the reason for our current system?
No. The reason for the SS Ponzi was(and still is) govt intervention to prevent falling prices to dramatically lower and more affordable levels.
Price floors don’t work any more effectively than price ceilings.
2B -
This is the very same Ghilarducci who has in the past proposed that the govt essentially ‘take over’ your own 401K and ‘pool’ all the funds into a SS type of system called a GRA or Govt. Retirement Account.
This has nothing but a big govt. pension program written all over it and who do you think benefits from this sort of program?
It is proposed as being voluntary - but my question of Ms. Ghilarducci is what program set up by government has ever been considered voluntary?
She is a liberal hack from the School of New Economics - as if there is such a thing as ‘new economics’. This is just more liberal shuck and jive and does not end well and is just another attack on liberty.
She’s a professor of economics at a college called The New School, not the School of New Economics.
She also never proposed seizing 401(k) accounts:
What Ghilarducci proposes is to pay for her proposed $600 tax credit by taking away the deductibility of money put into an IRA or 401(k) over $5,000 per individual, per year. (IRAs for those under age 50 would actually not be affected, since the current limit for them is $5,000 anyway.) This would certainly reduce the incentive for upper-income workers to put more than $5,000 into such accounts in future years, but it would in no way reduce the tax advantage of keeping money already in those accounts. All interest, dividends and capital gains realized inside those accounts would continue to go untaxed until the account holder withdraws the money. Ghilarducci told us:
Ghilarducci: If people put money into 401(k)s they could keep it there, and taxes would continue to be deferred until withdrawn. It is unthinkable that Congress would take a tax break away for activities already undertaken.
http://www.factcheck.org/2008/11/iras-401ks-and-you/
‘Secret Service official wanted to embarrass congressman- An assistant director of the Secret Service urged that unflattering information the agency had in its files about a congressman critical of the service should be made public, according to a government watchdog report released Wednesday. “Some information that he might find embarrassing needs to get out,” Assistant Director Edward Lowery wrote in an e-mail to a fellow director on March 31, commenting on an internal file that was being widely circulated inside the service. “Just to be fair.” By Carol D. Leonnig and Jerry Markon’
http://www.washingtonpost.com/politics/watchdog-top-secret-service-official-wanted-information-about-chaffetz-made-public/2015/09/30/ff280378-67ae-11e5-9ef3-fde182507eac_story.html
We were supposed to have learned this lesson about spying with J Edgar Hoover.
We also learned a little about dresses and high-heels.
I like dresses and high heels. I like to dress up. Some like to wear sweats, and some love tats. To each their own.
(sleeve tats-dumbest idea ever, especially on a woman)
Any tatoos on a woman are tacky and tasteless. They cry out “multiple STDs.”
I think this also speaks to the larger issue of deep state command and control of politicians. It’s not always the donors that sway the votes. It can also be things like threats of embarrassment or even threats of violence toward the individual or family members of the individual.
Using the power of the government to after political enemies.
A deed that Nixon was impeached over.
But democrats see nothing wrong with using the government (IRS and now SS) to after their political enemies.
And they never think the same tactics will be ever used against them
—————–
Another Secret Service Scandal — This One’s Not Just About Sex or Drugs
National Review | 10/02/2015 | The Editors
Let’s not shy away from what the Secret Service actually was up to in the matter of its illegal spying on Representative Jason Chaffetz: conspiracy to commit blackmail against a member of Congress.
Representative Chaffetz has been investigating the scandal-plagued protective agency — the habitual drunkenness and whoring of its agents, among other things — when Secret Service personnel improperly accessed his protected records in a hunt for dirt. The aim of this was made clear by assistant director Ed Lowery, who wrote to assistant director Faron Paramore: “Some information that he might find embarrassing needs to get out.”
Critics are saying that the agency’s brass — at least 18 of them were culpably aware of the plan, and 45 employees illegally viewed the congressman’s information — have violated the Privacy Act. They certainly have, but that is the least of it. They have illegally accessed protected federal records, which is fraud under federal law and carries a ten-year prison sentence. Releasing embarrassing information about the congressman (assuming there was any), with the inevitable implicit threat of releasing more unless he backed off in his investigation of the Secret Service, rises to the level of prosecutable blackmail under federal law. Throw in the interstate-communication and obstruction charges and there’s an excellent case to be made for locking away Ed Lowery and his confederates for a long time. Frankly, it’s a pity more robust punishment is not an option. A society with a bit of moral vigor would have them flogged.
Public corruption is extraordinarily dangerous to a free society, and corruption by law-enforcement agencies is the deadliest of all. This isn’t a case of questionable police behavior with conflicting witnesses; the inspector general’s report is unequivocal on the facts of the case. Yes, of course, they should have their day in court — the problem with the Secret Service is that its agents never end up on trial when they have plainly broken the law, even when there are witnesses, and even when those witnesses are police officers. Men with guns and the power to put citizens under arrest must be held to the very highest standards — and punished with the utmost severity when they transgress.
Is Fed liftoff in 2015 officially off the table now?
Good thing we didn’t sell all our bonds.
Is Fed liftoff in 2015 officially off the table now ??
October is off the table for sure….December maybe now in question…I thought and said that they would raise in September…They didn’t…With the data we see this morning we now know why…The FED new this weak data was coming…Watch the jobless numbers, hours worked over the next two months…That will tell you if lift off is in the cards for December….
they cant liftoff , its all hype to keep power over the markets.
The Fed liftoff was never on the table. Only the duplicitous jawboning about it.
Hope and change for some.
And people wonder why Trump is doing so well…
——————
3.5 Million More Foreign-Born Workers Employed Since Obama Took Office
Washington Free Beacon | 10/2/15 | Ali Meyer
There are 3,553,000 more foreign-born workers employed today than when President Obama took office in January 2009, according to data from the Bureau of Labor Statistics (BLS).
There are currently close to 25 million foreign-born workers employed in the United States, and this number increased by 14,000 in September. In January 2009, when the president took office, there were only 21,928,000 foreign-born workers employed.
The BLS does not distinguish between legal immigrants who are permitted to work here and illegal aliens in this data set.
While the number of employed foreign-born workers is increasing, the number of native-born workers has declined. For the past three months, since July, the number of employed native-born workers has declined every month. Since August, employed native-born workers have declined by 262,000.
The unemployment rate for foreign-born workers at 4.6 percent is lower than the unemployment rate for native-born workers at 4.9 percent.
Native born workers are at full employment. Even though they probably have lower employability characteristic on average compared with the sort of people with the get up and go to change countries.
Employment isn’t the problem. Make that 25 million disappear, and this country would be much worse off.
The foreign born also tend to be younger than the native born. Much of this phenomenon has to do with the retirement of the baby boomers.
Every intersection in my AO has parasites with their sob-story begging signs. Never yet seen a Mexican or Indian (from India) among them.
“Every intersection in my AO has parasites with their sob-story begging signs.”
Yep… Seattle has its share too. I really hate it when they’re on the left turn center divider island where they can easily rap their knuckles on the driver side window.
And people wonder why Trump is doing so well…
Trump is “doing so well” only in the Repub base’s angry and limited world of their Primary Election echo chamber.
Democrats and Independents are mostly either appalled or or laughing at you and Trump.
Trump is the murder weapon. The Establishment GOP is the victim.
Trust me, we know full well why we’re voting for Trump whether he wins or loses.
we know full well why we’re voting for Trump
To feel good about a temper tantrum, re-expose the GOP’s underlying pathology and elect yet another Democrat?
Washington Free Beacon
LOL, Ban-Ban always comes up with these heavily biased and partisan websites that have no credibility. Here’s how it works: formulate an opinion. Scour the internet until you find an article that backs up the opinion, no matter how skanky the source. Echo chamber!
“heavily biased and partisan..”
So, the BLS statistics have no credibility?
It was Greenspan under Reagan, the got the formulas changed. Lots of BS in those stats. I’m a recovered Repuke.
the s/b that…I need an editor, or need to slow down and edit myself. LOL
I guess phony is working overtime on his spin on the latest shooting, maybe I’ll fill in for him in the meantime. It’s probably going to be a complicated spin, most of these shootings are of course fake, according to him, but this one targeted Christians (white ones!), so I’m guessing his response will be more nuanced. Maybe the government was setting up a fake shooting again, but the gunman/fall guy was so liberally progressive that he decided to target Christians even though the game plan just called for a mass shooting.
You can’t trust a liberal progressive to follow the rules, even when they’re working for the gov to set up a false flag event. How about that?
on the correct thread
1. If the killer is white - the press will have 24/7 coverage for weeks and obama will blame the evil of the right wing and the need for gun control.
2. If the killer is black/gay/muslim/atheist - the press will ignore all and the incident will fade quickly. obama will call for more gun control.
3. If blacks are killing other black by the dozens in any major democrat controlled town (Chicago/Philly/Camden/Newark/etc.) the press and obama will ignore all.
Where my dog phony wit da full cray-cray?
“Where my dog phony wit da full cray-cray?”
I am still looking into this other story that received National attention and cries for immediate action where an act of love took out 2 sisters last week.
Driver was on wrong side of I-95 in fatal crash
9:32 p.m. Monday, Sept. 28, 2015 | Filed in: News
A driver headed northbound in the southbound lanes of Interstate 95 Saturday night collided head-on with another car in a crash that killed two people, Florida Highway Patrol reports.
FHP is investigating whether drug or alcohol impairment played a role in the accident in Martin County near mile marker 107.5.
A man was going northbound in the southbound lanes in a 2006 Jeep Cherokee when he collided with a 2007 Toyota Matrix. Authorities identified the Jeep’s driver Monday evening as Admerson Cleber Eugenio Vicente, 23, of Jupiter.
http://www.palmbeachpost.com/…/jupiter-resident-drove-on-wrong-side-of-i-95-in-fa/nnp5T/ - 328k -
————————————————————————-
2 South Florida sisters returning from Disney World killed in wrong-way crash on I-95
Associated Press
September 30, 2015 — 10:04am
POMPANO BEACH, Fla. — Two sisters from South Florida died in a wrong-way crash on Interstate 95 as they were returning home from Disney World.
The Florida Highway Patrol says a Jeep Cherokee traveling the wrong way near Fort Pierce Saturday struck the sisters’ Toyota Matrix head-on.
The vehicles exploded into a fireball that was captured on cellphone video. Officials say 24-year-old Alexis Musumeci and her 23-year-old sister Brittany were declared dead at the scene. Investigators say 23-year-old Admerson Cleber Eugenio Vicente was critically injured in the crash.
A friend of the sisters told the Sun Sentinel (http://bit.ly/1JCxw2c ) that Brittany Musumeci was an accomplished violinist and recent graduate of the University of Wisconsin-Milwaukee. Her sister was an Air Force staff sergeant who was headed to an assignment in Korea.
An investigation continues.
Isn’t act of love supposed to refer to illegal immigration?
“Isn’t act of love supposed to refer to illegal immigration?”
This one could be an anchor baby.
Records: Driver in fatal wrong-way crash had revoked license
Published: Friday, October 2, 2015 at 6:11 a.m.
Last Modified: Friday, October 2, 2015 at 6:11 a.m.
POMPANO BEACH, Fla. (AP) — Authorities say the driver who crashed into another vehicle while going the wrong way on Interstate 95 had a revoked driver’s license.
The Sun Sentinel (http://bit.ly/1L8tiF7 ) reports 24-year-old Admerson Cleber Eugenio Vicente of Jupiter wasn’t supposed to drive until 2020 because the state Department of Highway Safety & Motor Vehicles considered him a “habitual traffic offender.”
The crash killed sisters Brittany and Alexis Musumeci, who were returning to Pompano Beach after a trip to Disney World when Vicente’s car crashed head-on into their vehicle on Saturday night. Vicente was critically injured in the crash and remains in the hospital.
Records show Vicente’s license had been revoked for five years. He was charged with DUI in 2010 and was accused of driving with a suspended license twice in 2014.
___
Information from: Sun Sentinel , http://www.sun-sentinel.com/
So it doesn’t refer to illegal immigration.
Admerson Cleber Eugenio Vicente: Suspect in crash that killed sisters arrested
Faces two counts of vehicular homicide
Meghan McRoberts
12:54 PM, Oct 2, 2015
The man accused of driving head-on into a car on I-95 in Martin County, killing two sisters has been arrested for DUI and driving with a suspended license.
An arrest report shows Admerson Cleber Eugenio Vicente is arrested on two counts of vehicular homicide, two counts of driving under the influence with BAC greater than .15, and driving with license suspended.
Sisters Brittany and Alexis Musumeci were driving home from Disney World to Pompano Beach on Saturday night when the crash happened.
The report shows Martin County made the arrest.
http://www.wptv.com/…cleber-eugenio-vicente-suspect-in-crash-that-killed-sisters-arrested - 158k -
1. If the killer is white - the press will have 24/7 coverage for weeks and obama will blame the evil of the right wing and the need for gun control.
2. If the killer is black/gay/muslim/atheist - the press will ignore all and the incident will fade quickly. obama will call for more gun control.
3. If blacks are killing other black by the dozens in any major democrat controlled town (Chicago/Philly/Camden/Newark/etc.) the press and obama will ignore all.
You really think that if this shooter were muslim/atheist/whatever then the shooting spree would be ignored?
It will fade quickly as it doesn’t support the liberal agenda.
See how differently they treated the Charleston shooting.
They will no 24/7 talking about how the recent shooter targeted CHRISTIANS. obama will not even mention it. He will not call out the shooter as evil for killing Christians and will not say the shooter “could have been my son or America has a long way to go” and no flag will be banned.
Never let a crisis go to waste. Ignore all that doesn’t support the meme. Keep to the democrat talking points.
If the killer is black/gay/muslim/atheist -It will fade quickly as it doesn’t support the liberal agenda.
I guess the right will come out for more gun control now because of the “War on Christians” that they are always snarling about. Because Christians got targeted and killed with very easily gotten guns.
Right?
Typical left wing goon thinking.
We have to ban things and raise taxes to fix problems.
How about we read the US Constitution (skipping over the parts of the right to a gay marriage and the right to kill your baby) and enforce the 2nd Amendment.
There is a reason why criminals, muslims and liberals love “gun free zones”
Typical left wing goon thinking…..We have to ban things
Typical Neanderthal thinking. No one is talking about “banning” things. USA won’t ever and should not “ban guns”. I’ve owned a lot of guns and was a qualified “expert” but this nutjob acquired over 14 high powered military grade weapons in less than three years. How much is ever enough?
Part of Right-wing USA is kind of a death culture I’m beginning to see. Any kinds of guns for anyone, excusing murder’s tools, death penalty for the mostly poor but deny life giving health care for millions.
(You can’t make this stuff up.)
How many guns the nutjob acquired has zero to do with this.
What is simply amazing is how dumb the rest of the sheeple really are. The simply sat there in the classroom and watched as he dumped an empty clip and reloaded, instead of ten people charging him and taking him down for good.
Banning guns is not going to fix stupid.
At least one brave ex-military man did try to stop the shooter, and got shot 7 times and still lived to tell about it.
How many guns the nutjob acquired has zero to do with this.
I know. That an early 20’s, one month Army mental washout with a clinical history of mental illness acquired 13 military grade weapons in a couple years has “nothing to do with it”. It’s just natural because of the 2nd Amendment.
Banning guns is not going to fix stupid.
This is more than “stupid”. This is an entire USA culture that spawns mass murders. Something’s wrong. Example:
Brazil has way more murders per capita but USA beats Brazil in mass murders by about 50 events to one. Sick culture. I think part of it is there’s not enough jobs and ways to advance in ‘Merica anymore.
But someday it will trickle down.
If this had happened in Britain, this guy could have done the exact same thing using a sword.
The real issue to me is not that this guy had access to guns, but that people in society are so conditioned to do absolutely nothing to help themselves even at the point of death.
I blame the nanny-state (don’t do anything, just call 9-1-1 and somebody will come to save you). That may be overly simplistic, but I don’t know how else to explain it.
Since our schools and single moms are raising neutered, feminized Pajama Boys instead of men, it’s not surprising that only the military vet fearlessly tried to take down this murdering scumbag while the other males in the room cowered and waited their turn to die. A single concealed-carry permit holder in the room could have ended this carnage before it began, and deterred other fame-seeking psychopaths from attempting the same thing.
Saying the killer could have done the same thing with a sword is moronic, though. We have a definite problem with sick people getting their hands on firearms. Trying to explain this away by blaming meds or “false flags” (bullshit) or otherwise ignoring the ease with which this guy got a gun and used it to commit mass murder is intellectually dishonest.
could have done the exact same thing using a sword……people in society are so conditioned to do absolutely nothing at the point of death….I blame the nanny-state
I really don’t understand how one could think that. How can one compare a single sword to high capacity semi-auto firearms?
Even in a theoretical “nanny state” it’s easy to run away from or even bum rush a single sword in a group setting….not so much an AR-15 or a Glock in a classroom.
A sword might have killed one person and injured 2.
You’re really certain, that if you were in that situation, that you would just run at the guy and try to disarm him.
So what makes you so sure that these sheep would have stormed the attacker if he had a sword instead of a pistol?
I mean, everybody has watched TV shows with guns, right? When the guy’s pistol is empty and he pops out the clip, you storm him because he CAN’T SHOOT ANYBODY at that point.
My point? The didn’t, because nanny-state. So they similarly wouldn’t have if the perp had a samurai sword (sorry Ray, it’s not moronic). The guy still could have easily killed several people with a sword if he had them trapped inside a classroom. Who is going to stop him?
I completely agree with the poster above - all it would have taken is one person with a concealed-carry permit (and the training to be able to shoot straight in a highly-charged situation where one’s adrenaline has kicked in) and the killer could have been taken out early, saving several lives and injuries. Used correctly, guns SAVE lives. Anti-gun people can’t stand hearing this, however.
See how differently they treated the Charleston shooting.
Compared to what?
exactly my point
You really think that if this shooter were muslim/atheist/whatever then the shooting spree would be ignored?
Right? 2banana is borderline delusional on some issues imo.
Delusion - Wikipedia, the free encyclopedia
https://en.wikipedia.org/wiki/Delusion
A delusion is a belief held with strong conviction despite superior evidence to the contrary. As a pathology, it is distinct from a belief based on false or incomplete
Chris Mintz, the Army Vet who survived the latest campus shooting, after being shot 7 times, is quite a courageous hero. Wow, even as he recovers, he’s concerned about others. What he did on that campus was so selfless. Few things make me proud to be an American these days, but our military shines bright.
Too bad he was not carrying.
Hi-Z
I hear ya.
Hopefully “O” will give Chris Mintz a metal.
No, he will find some Pajama Boy who went into a fetal position and soiled himself, and hold HIM up as a fine example of what all males need to evolve into.
He gave medals to those guys who stopped the guy on the train in France.
The Economist today published this chart:
http://cdn.static-economist.com/sites/default/files/imagecache/original-size/images/print-edition/20151003_IRC185.png
It’s irrefutable: as we burn more oil, gas and coal, CO2 levels in the air go up. At the same time, world temperatures go up. It really isn’t that hard to understand.
lol@lola
You slept thru science and math in high school, yet you have just enough technological mastery to handle multiple anonymous handles online. Well done.
Where you expecting an actual cogent remark? It’s kind of like explaining calculus to the high school football team. Their only reaction is “Central High Rocks!”
Job Lola. Get a job.
What happened there from 1940 to 1975? Did we stop putting CO2 into the atmosphere during that time? Or did we just have a 35 year period where temperatures didn’t rise despite pouring CO2 into the atmosphere?
I think during that time, there was a drought in CA where Jerry Brown blamed it on global cooling.
Seems to me like there are significant other forces at work if despite CO2 getting poured into the atmosphere, temperatures fell for 35 years.
If there are other forces (and the graphs seem to show that clearly), what are they? What can we/should we do about those forces, because they appear to be more powerful than CO2. And what has been happening with those forces since 1975–how are they contributing to global temperatures?
What happened there from 1940 to 1975? Did we stop putting CO2 into the atmosphere during that time? Or did we just have a 35 year period where temperatures didn’t rise despite pouring CO2 into the atmosphere?
You’re numbers guy. I can’t believe you can rationally not understand that there are most always pauses in long term trends - in real estate, stocks and temperatures. Check out the cart and you can’t rationally deny the strong trend.
https://lh5.googleusercontent.com/wkwvwt9bgdi2R7Mtn6pYyz8AYd44fszApq5KZCaDT5MxYILz0HcVRV9_y_LgyeuN8I6ozyrSZ5ImSJL-ULlZE0h-4ktRfBhROMm1UV1H54hq-65h5vacHRrq_LlLAB3bQcvKHsY
Seriously? We are not talking about a random walk down wall street. We are talking about supposedly “settled science” where you would have us draw a straight line between higher CO2 concentrations and warming.
If there is such a clear connection with no other important factors, there should NOT be a 35-year cooling trend.
And unless you actually start to identify and account for these other factors (solar activity, volcanism, etc.) and then see what was happening with those other factors during the time of actual warming, what you are doing is akin to scientific cherry picking.
We are being told that CO2 is definitely the culprit behind global warming, yet there is a 35-year period where there was no warming. Why? What other factors counter-acted the higher CO2 concentrations? Did those other factors swing the other way at any point since 1975?
The people who use the word “settled” are those who disagree with the consensus.
And emphasizing my point further, there was a much slower increase in CO2 concentrations up to 1940 (as compared to after 1975), but a similar rise in temperature. Why?
Why did the temp go up so much in the first half of the century without as rapid a rise in CO2 concentrations? Conversely, why didn’t temperatures go up faster in the latter half of the century (as compared to 1910 to 1940) when CO2 levels were higher and rising faster?
Again, it’s these pesky other factors that you don’t seem to care about–but in my view are critical to the most important question: How should we best utilize our (limited) resources today to protect ourselves about the potential impact of climate change tomorrow?
If there is such a clear connection with no other important factors, there should NOT be a 35-year cooling trend.
To say that after looking at an almost 150 year chart of rising temperatures, and in the face of hundreds of peer reviewed studies, and in the face of you acting like a numbers guy, I think you intentionally misunderstand science, the environment and definite trends. And it’s because of politics imo.
(The complicated study of global climate is more than studying a simple experiment in a closed petri dish.)
lol.
One of my areas of study at school was biology. Another was economics (with econometric analysis as an area where I went pretty deep). I have degrees in both.
The what I’m talking about is effectively regression analysis as applied to climate science.
Note that I’m not saying that the climate isn’t changing.
Nor am I saying that CO2 doesn’t contribute to it.
What I’m saying is that there are CLEARLY lots of other factors at play. And until you are honest about those other factors, you cannot make good policy decisions.
Let me ask the questions that really matter:
What should we do about climate change?
How much will it cost?
What are the benefits (and how did you calculate the benefits)?
The problem that most people I’ve heard say about climate policy is that the costs to various policies are now and generally known in magnitude, and the benefits are later and generally unknown in magnitude.
And therein lies where we should be having the debate.
But instead we get people on one side who say the “science is settled”, fighting people on the other side who claim there is absolutely nothing to worry about.
What is the cost if we do nothing?
Why cant we take action for the sale of clean air?
Reagan believed the ozone layer was shrinking and took action, when the evidence was uncertain.
people are so lazy.
I have degrees in both.
I have degrees in hard science and a cultural/historical social science. Many Science/Numbers only people lack historical and cultural understanding imo.
What should we do about climate change?
Redistribute wealth more evenly and then we wouldn’t need to be so “productive”.
You said it yourself in two different posts. USA is “more productive” but other countries distribute their productivity more evenly.
Therefore, if the USA redistributed its massive productivity more evenly, we’d not need to be so hyper-productive in order to take care of the majority of our people. Without needing to be so hyper-productive (to lift mostly only the rich) we’d pollute much less. Therefore climate change would lessen.
And there is a solution that solves two of the major problems of today: ClimateChange/Pollution and massive productivity not benefiting the masses.
We should go on the talking circuit. You get half the money. (or 50%)
Damn straight!
Now how did the NYC area have a mile thick ice on top of it (at one time in history before man) and how did a tropical rainforest and alligators get in Alaska (at one time in history before man).
I dunno.
But I am really sure that ONLY bigger and bigger government with more and more regulations and higher and higher taxes can solve this!
I am sure glad that we have elected a President that sees the big picture, one of ‘hope’ and ‘change’. Wow, after 7 years in office this economy is roaring like a lion. And how about all those jobs that have ‘trickled down’, can you believe those high salaries? And this President has captured the media in his web like no other while he has/is the water boy for Pelosi, Reid, Schumer, Durbin and McConnell.
I can’t wait for Xmas sales figures to come out at the end of December. I mean, Xmas stuff has been in Costco and WalMart for two weeks now. Gotta get that money now as there won’t be any left by December but I’m sure those holiday sales figures will be massaged like those employment numbers. And in this grand recovery how many companies have released job cuts just this past two weeks.
And in this grand recovery ??
Elections have consequences….8 years of Bush & Cheney running this country into the ground culminating in the September 2008 meltdown…And please don’t give me its because of suspension of Glass/Siegel…I have posted it many times before…Just look at who the sponsors were and then the voting record…Then check out the Bush 2002 ownership society speech…
Worst President in our History…The VP is the biggest criminal in the executive office in our history…
Fully agree that Bush/Cheney were unmitigated disasters, with a level of epic incompetence fitting for a country where 95% of the electorate are retards.
Seriously, buying “chit” from other countries helps us? We need to produce stuff, not just consume services.
Yeah, I love the Halloween and Christmas merchandising next to each other. not
Thanksgiving is my absolute fav and gets very little fanfare. No buying “chit” retail value, except for foodies.
Notice that LED lights and christmas decorations are reinvented for demand, in shorter cycles these days?
Wow, after 7 years in office this economy is roaring like a lion.
Most Americans don’t really get it. The economy will never roar like a lion again as it is currently structured. The economy is structurally broken. The middle-class and poor are broke.
And Obama did not invent the SupplySide/TrickleDown that broke the back of the American economy. Obama can’t do squat to fix it.
(So good luck with the Christmas sales.)
But, Obama told us that the economy was fantastic under Clinton, with largely the same tax and social policies in place (although tax rates for lower income folks are now lower than they were under Clinton).
although tax rates for lower income folks are now lower than they were under Clinton
Yes, but tax rates for the high income people were higher. That must be the missing piece of the puzzle.
It’s not the taxes. It’s the jobs. In the 90’s, the Baby boomers were in their 40’s at peak earnings and paying peak taxes… and still relatively healthy. The Millenials were in school and not costing much (yet). The computer whiz young adults were either taking cheap college or dropping out for lots of dot com jobs. The internet hadn’t gone around the world yet. The S didn’t HTF until white collar jobs followed the internet cables overseas in the early 2000s.
“I love to blame Obama for the failure of Trickle Down Economics and the fact that 10000 baby boomers retire each day and go on Soc Sec ( counted as gov welfare)
I am too small minded to see the big picture.
I’ll vote for Trump, he will fix it all.”
Average Joe.
Look at the Lolas tapdance today.
It’s like Carnivale! Standing over everything on the mountain above is the Concrete Jesus of rapidly depreciating houses.
Catherine Reagor, the ever present Phoenix Chherleader for RE leads another housing bubble cheer.
http://www.azcentral.com/story/money/real-estate/catherine-reagor/2015/10/02/phoenix-homebuilding-boom-construction-worker-demand/73115668/
Good news from Solar City today. Easy to live in a cabin off the grid these days. Great for us outdoors-men.
By 2017, the cost of its new panel should be $0.55 per watt.
“$0.55 sounds nice until you realize that the Chinese manufacturers will be at $0.30 by 2017,” Chanos told Business Insider.
Solar doesn’t make sense for us at this time. Our electric bill runs between $50-$60 mo, but if we could heat our pool effectively, without compromising our 50 year roof warranty, I’d consider it.
The street facing solar roof panels look tacky. I saw a San Diego based solar roof tile system that looked interesting a while ago, but haven’t seen it take off. I would be an early adopter.
It makes sense (usually) for those at over $200 a mo for their bill. ( CA residents with high rates). Tract homes all look tacky anyways. Just a sea of cars parked on the driveway.
We live in Simi Valley (east Ventura County), and turn lights off as we leave rooms, went LEDs, we don’t cook using the big oven (LG electric), and only run the pool 3 hours off peak hours. $200 a month would give me high BP. People under DWP (Los Angeles County) really get screwed. Their rates are ridiculous.
why.lie.
If you like your crony capitalism….
http://www.zerohedge.com/news/2015-10-02/meet-seth-carpenter-janet-yellens-choice-fed-leak-scapegoat
Good commentary on the disastrous payroll numbers.
http://investmentresearchdynamics.com/non-farm-payrolls-theres-not-enough-lipstick-in-the-world-to-pretty-up-this-pig/
it was a disaster
Not sure what I’m happier about: Jeb down to 4% in the polls, which implies that adult-onset retardation is reversible; or that his oligarch backers just got screwed out of all those millions they invested in their puppet.
http://www.weeklystandard.com/blogs/poll-jeb-falls-4_1039884.html
Testify….
http://www.theburningplatform.com/2015/10/02/lets-politicize-this/
That Arlington address was very close to where I worked in Torrance for several years. As late as 2013. Spooky. But we have to wait for more facts. “Lithium lover” does not mean he was on lithium.
Chinese embezzlers and oligarchs propping up LA real estate.
http://www.hollywoodreporter.com/news/why-china-is-an-la-827975
all it would have taken is one person with a concealed-carry permit (and the training to be able to shoot straight in a highly-charged situation where one’s adrenaline has kicked in)
Good point.
But a concealed-permit for a sword there wouldn’t have helped much either.