Bits Bucket for December 17, 2015
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The Housing Bubble
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Oh snap…I missed the last remaining Republican debate in 2015.
Heard about some lively discussion on banning Muslims, shutting down the Internet, and killing terrorists’ innocent children.
Are these measures your favorite candidate supports?
Neocons gonna neocon
But as long as William Kristol (net worth $200,000,000+) can get paid from it, it’s all good bro
P.S. if America ever made a neocon “greatest hits” album, the song where the Marines raped some teenage girls in Haditha, Iraq and then burned their corpses belongs on it
We can never direct our efforts towards effective and efficient solutions because someone’s feelings might get hurt. Instead we need to keep searching 90 year old grandmas in wheelchairs.
because someone’s feelings might get hurt.
You’re the poster child “RoadkillStu”. You’ll change your handle again as soon as your feelings get hurt.
cow·ard
a person who lacks the courage to do or endure dangerous or unpleasant things.
synonyms: weakling, chicken, sissy, baby, candy-ass,
“the cowards were the first to give up”
antonyms: hero, Rio,
$100k, how much is fair?
What’s all this handle talk? Just tell us what your old name was.
What’s all this handle talk?
Acting dumb? You change your handle all the time RoadkillProxyShimpStrawberryMangoRonnie. HAMafia? Are you the HBB tag-team thought enforcers?
Your new game seems to be lying about posters - making up things that never happened - like “who was Rio before Rio?”
Same angle, same obsession with me. Weird with a motive and strange.
Maybe he just does it to drive you crazy.
There you go again. Hurting Lolas feelings.
Are Trump supporters closet cowards who crave Dear Leader’s protection?
What liberals hear in their own little echo chamber hear:
“Heard about some lively discussion on banning Muslims”
What Trump actually said after two muslims (one a recent muslim immigrant and the other born to muslim immigrants and taught to hate) murdered 14 Americans for the greater glory of allah and to help bring the caliphate to America:
“Until we are able to determine and understand this problem and the dangerous threat it poses, our country cannot be the victims of horrendous attacks by people that believe only in Jihad, and have no sense of reason or respect for human life.”
“Donald J. Trump is calling for a total and complete shutdown of Muslims entering the United States until our country’s representatives can figure out what is going on.”
Hmmm - sounds very logical and reasonable. And done several times in Americans history by democrat Presidents. Which is why democrats and liberals have to attack and distort what Trump really said.
Because muslims vote democrat for generations and we can’t stop the pipeline.
It is not because Muslims vote democrat. That is a tiny tiny slice of the pie. It is a much bigger thing that is a threat to their entire base of power. It is because they know that allowing any distinctions to be drawn on the basis of group affiliations that they support, any distinctions at all, will be a precedent for other reasonable actions.
Us v. them. No matter what, always side with your own team. Reason be damned.
This may be of interest to you, Good Buddy. Written by a poster on a different blog:
“Anyway, this is what it comes down to on the subject of Boomer influence, and all of the issues discussed in this thread so far:
Boomers have hollowed out society in such a way that it cannot and will not survive unless their dogma is rejected. And it may be too late. There are a number of components that all work together to produce this result. There are certain things that any nation needs to have if it is going to survive. Boomers have assaulted them all.
First, by relentlessly focusing on the negative aspects of American and Western history, they have discredited the political principles and philosophy the nation is based on. If all of the founders of the US were horrible people, the things they stood for must be rejected as well, including the Constitution. The entire philosophical framework of self-government and democracy is discredited.
Second, “identity politics” fosters enormous division, refuses to let it heal, and disintegrates the very premise of a single, united country. “Multiculturalism” treats efforts at assimilation as reprehensible racism. Once again, the people are not allowed to get along, and not allowed to see themselves as part of a single, unified country.
Third, the cultural influence that always unified society, despite all of the disagreements and differences that existed, was Christianity. Not much needs to be said about the Boomer assault on religious faith and traditional morality.
So the United States only ever had two things that held it together as a society. In simplest form, they were the Constitution and the Bible.
Now, add on top of that the Boomer drive towards “globalization”, which has included a massive influx of foreign immigrants, legal and illegal, and a refusal to enforce immigration laws. The people coming in are not forced to assimilate as they were in the past, and any suggestion that they should be is denounced.
What all of it adds up to is a “Tower of Babel” where there may be a common language, but Boomer political correctness has guaranteed division and tribalism so deep that people identify with their “identity group”, and reject the society as a whole. Nothing holds the society together, and there are no controls over who comes in.
Meanwhile, the privileged elites in the “ruling class” use all of this ideological posturing of “Boomer values” as an excuse to ignore the law, and impose laws undemocratically through executive and judicial fiat, while enriching themselves. The ultimate masters of that game are, of course, Bill and Hillary Clinton. Barack Obama is less interested in the enrichment (although it’s a given he’ll make out like a bandit), and more interested in imposing his dogma on the people whether they vote for it or not.
What we are seeing then, is terrorists who have correctly assessed the massive weaknesses in the societies Boomers have brought about, and are exploiting them at every opportunity. The arrogance, decadence and complacency of the affluent, white western left and their amoral corporate partners has created a situation that cannot be sustained.
It is illustrated clearly and repeatedly when Boomer elites respond to terrorism with some version of, “we’re not going to compromise our values!”. They always try to pretend those are long standing values, when in fact they are merely Boomer values. They are willing to put their own citizens at risk in order to maintain political correctness, multi-culturalism, and economic globalism. It’s that simple.
The founders of the US were very conscious of what happened to Rome, and they did their best to forestall the same outcome. We have the example of history, the greatest empire of all time, which disintegrated and disappeared. We’re ignoring it, and it’s happening again. Thanks Boomers (and everyone who follows them unthinkingly). Of course, the Boomers will die off without fully suffering the consequences, which will be left to their children and grandchildren. Which is, of course, totally in keeping with their character since the day they were born.”
Who knew that San Francisco’s Chinatown was a product of the Baby Boom? In the 1850s no less! Same for every Little Italy, Germantown, Polish or Irish neighborhood pre-WWII. Every ethnic group that has immigrated in mass numbers to the U.S. has lived in enclaves with their own kind, whether by choice or because no one else wanted them to mingle with their ‘betters’. And then there is the experience of African Americans forcibly brought here, and their descendants. Blaming lack of assimilation on the Baby Boom generation makes no sense. This has been America from the beginning.
No, it makes a great deal of sense.
In the past, assimilation was an expectation, regardless of the extent to which assimilation was completed.
Assimilation no longer is an expectation. In fact, even asking (much less expecting) others to assimilate is considered an affront.
That we’ve reached this point is largely the fault of baby boomers.
Reagan’s Vietnamese never assimilated in So cal.
You really come unhinged when Trump is the topic of conversation.
The professor just listed some of Trump’s positions. Maybe you’re another supporter of the cult of personality. Any utterance which could possibly be interpreted as criticism of the dear leader is evidence of an unsound mind.
“Maybe you’re another supporter of the cult of personality. Any utterance which could possibly be interpreted as criticism of the dear leader is evidence of an unsound mind.”
Sounds like 2008 again……
Globalists despise Trump. They say he is a dictator.
Globalists love Obama. They support his dictatorship.
They support ObamaCare, his ongoing efforts to circumvent The Constitution, and the sending drones overseas to bomb weddings.
None of the smearing of Trump as a dictator has to do with dictatorship itself. It has to do with globalism/statism versus nationalism.
All of this plays out on the HBB every day.
That whole Obama as messiah thing is just another invention of right wing AM talk radio.
Trump
You’re better off cutting the cable anyway.
Saved yourself a few IQ points.
Does anyone know of any REITs positioned to buy residential Canadian real estate at fire sale prices?
Way too early…
Residential, or commercial? Not that I know of any, but I think the pain will be felt primarily in residential, and in the US (a more developed REIT market), new entities needed to be created to take advantage of the residential pain.
Shalom:
http://i.imgur.com/YyE4A7Y.jpg
(yes, these are made out of seashells)
Sheldon sells seashells by the seashore, Shalom.
Someone, not oxide, accused me of making up the Sheldon Trump thing. I don’t do that. I don’t pretend to be from Barzil either.
http://talkingpointsmemo.com/livewire/trump-adelson-meeting-las-vegas
Not sure why you’re so proud that your candidate wanted a closed-door meeting with one of America’s biggest neocon political fundraisers.
From a Washington Post article describing this meeting:
————-
“Sheldon knows that I’m in town because of the debate, and he’s been a friend of mine for a long time,” Trump said. “He called to see whether or not we could meet, and we are going to meet.”
————-
At least according to Trump, it was Adelson who wanted the closed door meeting. And TPM states that Adelson “held court” with Rubio and other candidates, which also suggests that it’s Adelson requesting these meetings. And it looks like Trump had the meeting basically to say “Hi, how are you, now go pound sand.”
Silly me, the ultra libs keep saying “get the money out of politics.” But when Trump does precisely that, libs run away.
https://www.washingtonpost.com/politics/trump-to-meet-with-gop-mega-donor-but-says-i-dont-want-his-money/2015/12/15/6759fc90-a354-11e5-b53d-972e2751f433_story.html
And it looks like Trump had the meeting basically to say “Hi, how are you, now go pound sand.”
How does it look like that? Because Trump says so? And we all know he’s a truth-teller. Here’s another version:
“While Trump has sworn off the idea of courting big donors, he has previously courted Adelson. Earlier this year, the real estate mogul reached out to the Las Vegas billionaire in hopes of setting up a meeting. It never happenened.”
Read more: http://www.politico.com/story/2015/12/donald-trump-sheldon-adelson-meeting-republican-debate-216794#ixzz3uam46UAc
Your article provides a link to a more detailed news story: back in June, Trump’s aides courted the big donors, but those efforts were rebuffed. It’s not clear whether Trump wanted actual money, or just a “free” endorsement.
That was back in June. Evidently there’s been a falling out of sorts since then. Well, wait and see. If Trump accepts dark money, it will be reported. But at this point, IMO Trump can’t take anything, at least until after the primaries. If he did, he’d crash in the polls.
It may be Trump doesn’t want or need Adelson’s money, but still thinks he needs his political support. And we all know how you get that from Adelson.
OXIDE:
It is interesting that in many ways, Trump is quite OWS-like in his position and approach. More so than any other candidate.
He’s also quite Tea Party-like.
In some ways, a very attractive dichotomy.
Shall I start posting Trump = OWS? Trump=Tea Party. Your thoughts?
Those who have it in for Trump clearly are (1) globalists, (2) statists. And it doesn’t matter which side of the political aisle with whom they claim to affiliate.
That’s a good point, but what is a non-monetary endorsement worth in votes/influence? Adelson’s money can buy commercials which can influence all sorts of voter demographics, but Adelson’s name alone won’t influence that many real voters.. which translates to not having much influence over Trump himself should he gain office.
And does Adelson really want to plaster his name out there? These donors like to work in secret.
Trump is quite OWS-like
LOL … Trump has nothing in common with Occupy. Trump only talks like he’s not part of the corporate elite, but in reality he is, and once in office, he’ll be slapping backs and cutting deals with his cronies at our expense.
Adelson’s money can buy commercials which can influence all sorts of voter demographics, but Adelson’s name alone won’t influence that many real voters
He can influence media coverage, endorsements of Trump by others, acceptance of Trump by the military/industrial complex and the neocons in general, etc.
Trump is a good enough deal maker to recognize he needs Adelson’s support to make it as the GOP candidate.
This is a public religious display protected by the First Amendment of the Constitution. I’d rather see more of that here in the United States than waste taxpayer dollars to prop up an apartheid state in a Region where their neighbors don’t want them…
how long before this interest rate rally wears off?
Who moved my liftoff rally cheese?
“asian-futures-pace-u-s-stock-gains-amid-calm-on-slow-rate-path”
Uh, no.
U.S. Stocks Slide as Fed-Induced Dollar Rally Sinks Commodities
Jeremy Herron
Anna-Louise Jackson
December 16, 2015 — 2:53 PM PST
Updated on December 17, 2015 — 1:39 PM PST
S&P 500 erases rate-hike gains as resources shares sink
Oil drops below $35 a barrel; gold slumps most since March
U.S. stocks wiped out gains posted in the wake of the Federal Reserve’s interest-rate increase as the strengthening dollar sparked a selloff in commodities, sending prices to the lowest level in 16 years. Treasuries rebounded.
The Standard & Poor’s 500 Index snapped a three-day rally as raw-materials producers retreated. Metals tumbled as the rate hike damped their attractiveness versus assets that pay interest, while oil slumped below $35 a barrel in New York. The greenback surged to its highest level versus major peers in data going back to 2005 as the Fed’s divergence from other central banks boosted its appeal, while the Argentine peso sank after it was freely floated. Treasuries more than recouped losses sustained after the Fed decision.
While the initial reaction in financial markets to the first Fed rate hike since before the 2008 recession indicated a belief among investors that the U.S. economy is strong enough to withstand higher borrowing costs, Thursday’s rout in commodities rekindled concern over the global outlook, fueling anxiety that junk-rated resource producers won’t be able to stay solvent. The stronger dollar also imperils the profits of American companies that derive the bulk of their revenue overseas.
“The kind-of euphoria aside over the Fed finally doing something, rates going up doesn’t mean good things for stocks,” Malcolm Polley, who oversees $1.4 billion as president and chief investment officer at Stewart Capital Advisors LLC in Indiana, Pennsylvania, said by phone. “People are finally realizing, ‘Hey, wait a minute. This means the discount rate we use has gone up, so all the values have dropped.”’
…
I am The Art Of The Deal.
I bet Melenia is really tight, does she do kegels?
At least Trump puts his money where his #%^(*@ is by agreeing to rings and papers.
Holy TradCon shaming there Batman
Unless you want to breed some kidz, no man with assets and options should ever get married
P.S. Bill in Los Angeles = WIN
Unless you want to breed some kidz, no man with assets and options should ever get married
Wow. That’s a pretty big pronouncement to casually chuck out there between your shower and your coffee.
Marriage is the primary basis of society and human relationship.
When you’re 45 and starting to bust down, good luck with your Tinder girls and your “assets”.
When you’re 45 and starting to bust down
When you’re young, getting old only happens to other people.
The HBB resident progressives pile on with the TradCon shaming
Maybe you’re not as “progressive” as you thought?
pile on with the TradCon shaming Maybe you’re not as “progressive” as you thought?
“TradCon” “TinderGirls” “SJW” “Brony” “420″ all the castoff vapid “hip” buzzwords are there. You’re on it Bro!
I’m definitely not as progressive as you thought, and maybe you’re not as “edgy” and “cool” as you thought.
I’m not cool. But you’re just old
I’m not cool. But you’re just old
Nice. Two complete sentences expressing thoughts without all the “I’m really edgy” “I’m cooler than you” accoutrements.
My compliments young wippersnapper! But I must take leave now for my mid-day buttermilk poultice to address my gout.
no man with assets and options should ever get married
No one’s arguing with the obvious advantages of treating women like trash. But no woman should opt to be that trash by molding her life around the continuation of a casual relationship which has no legal standing and could be broken off at any minute.
And Rio is right. If I guess correctly, you’re fast approaching a certain age — the age at which any woman who would have you actually prefers the cats and box wine to tindr. At that point, if you want a youngie, you need to pony up the muh-nay.
If you treat women like trash, you end up with a trashy woman, if any, because no quality woman will put up with you.
It’s poetic justice.
If it floats, flys, f$kks or depreciates, rent it.
“It is better to live on a corner of the rooftop than share a house with a contentious woman.”
Proverbs something:something.
Marriage can be wonderful, but it’s not always the right choice. Personally, I find living on a boat more suitable than a rooftop.
I don’t treat my woman like trash, unless she asks me to.
But no woman should opt to be that trash by molding her life around the continuation of a casual relationship which has no legal standing and could be broken off at any minute.
It fits the new narrative, one which I might add is driven by women, and that narrative is:
1) I’ll have “fun” when I’m young and pretty. Sure, those guys aren’t husband material, but they’re HOT and they’re great in the sack too!
2) Phew! That was fun! But now I’m in my 30’s and my clock is ticking, time to find a “nice guy” to marry and start a family. Should be a piece of cake because I’m such a great catch.
3) Dang, it’s a lot harder to find a guy who wants to get married than I thought it would be. Where did all the “good men” go?
At that point, if you want a youngie, you need to pony up the muh-nay.
It’s totally true. I see the sex tourists walking around all the time in Rio. (Yea yea here comes Mafia’s obscene comment)
It’s a little sad, pot bellied, balding “Trumps” paying for it. (I’m sure it’s fun but void of meaning) But many of them are way better looking than orange-head, tube-mouthed NJ trash accented Trump.
You guys actually think someone like Trump could get his hot women without money? lol.
It’s possible but very, very rare. Some artists and musicians or very bright minds can pull it off. But not someone who looks and acts like Trump.
A hot wife, a squad of sexy strumpets, piles of cash and headed to the Whitehouse.
You’re jealous Lola.
At least Trump puts his money where his #%^(*@ is by agreeing to rings and papers.
With those “papers” i’m sure he had the best pre-nup money could buy.
Pre-nups … The woman gains her desired rings and papers and much of the security that goes with. The man can trade in for a newer model losing only some of his fortune. It’s a good compromise.
Just have a few on the side. No need to trade and it’s much cheaper that way.
Pre-nups … The woman gains her desired rings and papers and much of the security that goes with. The man can trade in for a newer model losing only some of his fortune. It’s a good compromise.
The problem for the average joe is that he can’t afford Trump’s lawyers and get an iron clad pre-nup.
And from what I have heard, it’s pretty easy to get a pre-nup thrown out in divorce court.
AF/BB
Yup. He gets a piece, and then she takes a piece. That’s how it works. Then the lawyers fight about how big the piece is.
I am the Fly in the Ointment.
Whew, when I posted at the end of last week that I had a feeling that this week was going to be one for the history books, I was thinking it would have something to do with the reaction of the markets. I didn’t really have Syria and other geopolitical situations in mind.
But then Kerry meets with Putin and from AP: “U.S. Secretary of State John Kerry on Tuesday accepted Russia’s long-standing demand that President Bashar Assad’s future be determined by his own people, as Washington and Moscow edged toward putting aside years of disagreement over how to end Syria’s civil war.”
“The United States and our partners are not seeking so-called regime change,” Kerry said, adding that the focus is no longer “on our differences about what can or cannot be done immediately about Assad.”
Whoa. That in itself was quite a shift, and props to Putin for allowing Warshington to save some face, what’s left of it. If the situation had been reversed, I doubt if Warshington would have done the same.
But then, there’s also this:
http://www.zerohedge.com/news/2015-12-16/dramatic-reversal-us-vice-president-biden-calls-turkey-withdraw-its-troops-turkey
“So first the US backtracks on its core long-running demand that “Assad must go”, and now it has just turned its back on a key NATO-member ally and what is allegedly the biggest provider of funding and supplies (including Ford F250 pick up trucks) to the Islamic State, Turkey.”
One of the comments, referring to Kerry’s meeting with Putin and Lavrov in Moscow: “Something huge went down at that meeting. I have no idea what it was, but it was big.”
Yep. While everyone was distracted by the Republican debate.
Let me guess: according to zerohedge, this is evidence of how brilliant Putin is.
Yep! Just checked the article, and there’s even of photo of Putin giving one of his apparently deadly staredowns, according to the fawning caption.
If you can’t tell zerohedge is a Russian propaganda rag, it’s hard to trust your judgement about anything else.
‘it’s hard to trust your judgement about anything else’
Why don’t you ban him?
I favor open debate, no censoring to protect the special snowflakes.
That can’t be possible Oddie. You favor Nuremberg trials for thought crimes.
Open debate doesn’t preclude prosecution for criminal or civil offenses.
Conspiracy to commit fraud for economic gain is not protected free speech.
Are these new ideas to you?
Agreed Lola.
“November Unemployment Hits Seven Year High In Brazil”
http://www.zerohedge.com/news/2015-12-17/november-unemployment-hits-seven-year-high-brazil-supreme-court-mulls-impeachment-bi
Yesterday there was a geopolitical tectonic shift of some sort. Obama’s red line has been erased. Reported on by AP and others. Reposted on zh with their opinions and comments, but NOT on the google new aggravator page, interestingly enough. yes, ZH cast Putin in a favorable light. And so should you, because he probably averted WW3. And in fact appears to have been pretty gracious to Warshington about it.
It’s fascinating to watch your mind process reality palmy.
Enjoy.
Well Lola….. here’s a bulletin. Expect to see many more links and articles to ZH.
Enjoy.
Yale students sign petition to repeal First Amendment:
http://www.foxnews.com/us/2015/12/16/yale-fail-ivy-leaguers-caught-on-video-clamoring-to-kill-first-amendment/
And yeah, it’s the FoxNewsHate, so if you need a narrative praising this, try Salon or Huffington Post
Forward
Bahahahahahaha … dumb ‘em down and profit.
Borrow lots of money and then spend this borrowed money to go to Yale so as to become totally - TOTALLY - dumbed down.
The Cream de la Cream, the Best and the Brightest, the Smartest Guys in the Room - all of these guys.
Yale!
Bahahahahahahahahahahahahahahahahahahahaha
So say the high school dropouts.
Bahahahahahahahaha … I used to wonder just why so many arrogant college professors think they have all the answers and I suppose the reason is that, compare to their totally dumbed-down students, they do.
First experience with higher learning, Mr.Banker?
How funny, they want to repeal the amendment that guarantees their right to protest.
The scary thing is that they might get their wish.
Why does obama and the democrats and the republicans not want Americans to have a job?
——————-
SPENDING BILL TO QUADRUPLE H-2B VISAS IN 2016
Numbers USA | 12/16/15 | Numbers USA
The House omnibus bill, released last night, includes a provision that would quadruple the number of H-2B visas for low-skilled guest workers. The measure would increase the number of H-2B visa workers allowed in the U.S. in 2016 from 66,000 to around 264,000.
The new provision does not increase the current H-2B visa cap of 66,000 but would exclude any worker who has already received an H-2B visa in the last three years.
The provision can be found on page 701 of the omnibus spending bill:
H-2, electric boogaloo! More establishment chicanery. And people wonder why Trump is ascendant.
So what’s worse? Banning them or Bombing them?
Caution: Jim Goad sometimes uses epithets, indelicate metaphors and similes in his writing. Nonetheless, it begs the question:
“Can anyone explain why a temporary immigration ban is far more objectionable than continuing to bomb the s–t out of the Middle East?”
http://takimag.com/article/whats_worse_banning_them_or_bombing_them_jim_goad#axzz3uXLWLPgk
Zerohedge? And now Takimag?
You can’t post that sh*t here. Stay on the thought plantation with the real journalists
Sigh, forward
“Banishing all members of a religion from the country? Why, that’s what HITLER did!” they screeched loudly enough so that everyone within earshot would realize that they are good people.
Yeah, but Hitler bombed foreign countries, too, and I don’t see you freaking out over the fact that the USA has been bombing the Middle East into prehistoric oblivion for nearly 15 years. I don’t recall even the most strident opponents of US foreign intervention expressing such shock and vitriol about these stupid, bungling, and insanely expensive wars that the US has been waging since shortly after 9/11. The reaction to Trump’s immodest proposal about immigration was a quantum leap beyond anything I’d seen from even the most rabid peaceniks.
Speaking of Hitler—because many people can’t seem to help themselves from speaking of him—our children’s schoolbooks teach that he killed six million Jews, right? According to some estimates, US intervention in the Middle East since 1990 has killed around four million Muslims. I mean, that’s two-thirds of a Holocaust. Shouldn’t that count for something?”
http://takimag.com/article/whats_worse_banning_them_or_bombing_them_jim_goad/print#ixzz3uaKIT77m
I have to admit, he’s got a point.
“Can anyone explain why a temporary immigration ban is far more objectionable than continuing to bomb the s–t out of the Middle East?”
Answer this question first. Can anyone name people who have expressed this sentiment?
I have. But what does that have to do with the question?
If there’s nobody who makes the claim, there is no point in posing the question. To pose the question would criticize an opinion held by no one.
That doesn’t make sense.
It’s a false either/or question.
How it it false? It’s an opinion piece. Why not start with ceasing to bomb them? That’d be a good start.
Why not start with ceasing to bomb them? That’d be a good start.
You’re the one who avidly supports the guy who promises to bomb the sh%! out of them.
I am not a Rubio supporter. Please post where I’ve said I support him. I did at one time approve of his tax plan in Florida, but that was when he was a state legislator.
Nor do I support Cruz.
Trump wants to bomb the sh%! out of them too. Are you that unaware of the politics of the guy you support?
‘I’m really good at killing people’
http://www.washingtontimes.com/news/2013/nov/4/obama-brag-new-book-im-really-good-killing-drones/
Yes you are Barry. You’ve perfected the art.
Ben, Mike was asking whether someone has actually made the claim that
“a temporary immigration ban is far more objectionable than continuing to bomb the s–t out of the Middle East.”
Mike is saying that if no one makes that claim, then you don’t have to explain why the claim would be true.
To answer your question, Mike, it’s OBAMA who expresses this very sentiment, every time he gets on TV to defend Muslims and then goes downstairs to approve another drone strike on Muslims.
Banning them or Bombing them?
Trump: “Why not both?”
And all the while this discussion only helps Trump by cementing him in the mind of the voter as the only one willing to do anything to attack the problems.
stop spending my $$$.
$200 million. Today, it sounds like pocket change. But we all know where this path ended…
“The rate of homeownership in America now stands a record high of 68.4 percent. Yet there is room for improvement. The rate of homeownership amongst minorities is below 50 percent. And that’s not right, and this country needs to do something about it.”
———————-
12 years ago today: Bush signed “American Dream” downpayment subsidies, boosting housing bubble
Bush White House | December 16, 2003 | George W Bush
Remarks by the President at Signing of the American Dream Downpayment Act:
” Thank you all. Thank you for coming. Thanks for the warm welcome. It’s great to be back at the Department of Housing and Urban Development. This is not my first time here, nor will it be my last. (Applause.) I am here today because we are taking action to bring many thousands of Americans closer to owning a home. Our government is supporting homeownership because it is good for America, it is good for our families, it is good for our economy.
During the signing ceremony of S. 811, The American Dream Downpayment Act, President George W. Bush delivers remarks at the U.S. Department of Housing and Urban Development in Washington, D.C., Tuesday, Dec. 16, 2003. “One of the biggest hurdles to homeownership is getting money for a down payment,” said President Bush. “This administration has recognized that, and so today I’m honored to be here to sign a law that will help many low-income buyers to overcome that hurdle, and to achieve an important part of the American Dream.”
“Many people are able to afford a monthly mortgage payment, but are unable to make the down payment. So this legislation will authorize $200 million per year in down payment assistance to at least 40,000 low-income families. These funds will help American families achieve their goals, and at the same time, strengthen our communities.”
“The rate of homeownership amongst minorities is below 50 percent. And that’s not right, and this country needs to do something about it.”
“this country needs to do something about it.” = Create a new profit center for lenders.
the only way most people can buy is basically with little or no down. Basically it is renting from the bank landlord.
You basically pay very little towards the principal in the first 10 years with a 30 year loan. the avg person moves every 7 years.
What are the odds of making payments for 30 years on something and actually owning it?
Where is all this money coming from to fund these loans?
Mortgages are a cash cow for banks.
“Mortgages are a cash cow for banks.”
Ignorant pukes work, bankers reap.
Ignorant pukes borrow money from bankers (money that belongs to somebody else) and then spend much of their lives working - toiling - to pay it back - toiling to pay back what was borrowed PLUS interest, LOTS of interest.
And these ignorant pukes willingly and eagerly line up at the banks door in order to do this.
Bahahahahahahahaha … life is very good if you are a banker, not so much if you are not.
how were these bankers anointed to create credit out of thin air?
The first thing you need is a crisis. After you get your crisis the rest is easy.
Why Conservatives hate the establishment republicans and why Trump is doing so well…
——————————
Paul Ryan Betrays America: $1.1 Trillion, 2,000-Plus Page Omnibus Bill Funds
Breitbart | December 16, 2013 | y STEPHEN K. BANNON & JULIA HAHN
(1) Ryan Omnibus Fully Funds DACA
Presidents 2012 amnesty quietly continues to churn out work permits and federal benefits for hundreds of thousands of illegal aliens. Paul Ryan bill funds entirely this 2012 executive amnesty for DREAMs”or illegal immigrants who came to the country as minors
(2) Ryan Omnibus Funds Sanctuary Cities
(3) Ryan Omnibus Funds All Refugee Programs
(4) Ryan Omnibus Funds All of the Mideast Immigration Programs That Have Been Exploited by Terrorists in Recent Years
(5) Ryan Omnibus Funds Illegal Alien Resettlement
On page 917 of Ryan’s omnibus a section titled Refugee and Entrant Assistance funds the Presidents resettlement of illegal immigrant border crossers.
(6) Ryan Omnibus Funds the Release of Criminal Aliens
Senior legislative aides tell Breitbart News that Ryan bill does not do anything to change the enforcement priorities that Jeh Johnson established a little over a year ago that would shield entire categories of criminal aliens from immigration law, nor does it include language recommended by Sessions and Shelby to “deny the expenditure of funds to issue visas to countries that refuse to repatriate criminal aliens.
(7) Ryan Omnibus Quadruples H-2B Foreign Worker Visa(8) Ryan’s Omnibus Funds Tax Credits for Illegal Aliens
(9) Ryan Omnibus Locks-In Huge Spending Increases
(10) Ryan Omnibus Fails to Allocate Funds to Complete the 700-Mile Double-Layer Border Fence That Congress Promised the American People
No smaller government or less regulations or lower taxes happening here
If these cuckservatives ditch the culture wars and become more libertarian, they’ll get alot more voters under age 40. The millennials (God help us) now outnumber the boomers, the latter of which are a dead dead Depends-crapping demographic
Many young people want to be free. Especially after they get their first real job and realize how much they’re paying in taxes
Being a “progressive” is a luxury for trust fund kidz who never worked a day in their life, cultural libertarianism is the future
You can’t be a fiscal conservative without being a social conservation.
Your logic:
Do what ever you want, marry five people at a time, get an abortion at any time without a reason, let in gays and transgenders into the military because it feels good but actually reduces combat effectiveness, live a very unhealthy lifestyle (with the gay lifestyle being the most unhealthy) and the government will pick up the tab, let anyone come to America and claim massive amounts a free benefits, ban guns because the government will protect you, etc…
But we are going to cut spending, cut taxes, shrink government and give you the means to live your life in a libertarian future.
It ain’t going to happen.
Democrats, liberals and progressives demand massive government with massive taxes. And that is exactly what the millennials are going to get.
Even worse. They are going to pay for the massive entitlements of the boomer and illegals for their entire lives and then get NOTHING for themselves.
But that is EXACTLY what they voted for.
With freedom comes responsibility
Using birth control is not that complicated, and is the best way to prevent abortions. And if you want to live the “gay lifestyle” wear condoms
And BTW, we are getting a small state income tax refund (thanks, TABOR) this year from the proceeds of legal marijuana sales
It’s not as binary as you portray it to be…
And what does the state do to control the irresponsible?
No answer to this in the last 10 hours is why things are so screwed. No one has an answer about what to do with the irresponsible, other than to keep giving them more free shit.
these cuckservatives ditch the culture wars and become more libertarian, they’ll get alot more voters under age 40
Doesn’t seem to be working for Rand.
He got Trumped
Check his poll numbers from May to early June, his opposition to NSA spying on American citizens and trillion dollar neocon wars resonated with voters
Trump and ISIS changed everything…
So libertarianism is only attractive to people until someone shoots up a disco?
Doesn’t seem like a very strong foundation. Sure it’s not just a youthful thing, like free love, and living in communes? (Or the modern day tinder equivalent that you’re currently living?)
Libertarianism requires a bit of courage, and courage and conservatism are currently mutually exclusive. On can’t be a rugged individualist and crying for daddy’s protection at the same time.
Being a “progressive” is a luxury for trust fund kidz who never worked a day in their life, cultural libertarianism is the future
I thought the millenials were all SJWs and CryBullies.
No Millenial is going to vote libertarian if there’s still a chance that bigger and bigger government will forgive their student loans.
The money quote:
“The printing press, alas, is not a job creator. If it were, Mexico and Argentina would be the richest countries in the world, and people would be lining up at the U.S. southwest border to get out rather than to get in. “
———————
‘Fediculous!’ Why the Fed’s Loose Money Sank the Economy
CBN ^ | 12-17-2015 | Stephen Moore
Nothing is more bungled in Washington than the role of money in our economy- and that’s saying a lot. Almost no one understands how our dollar policy works, and those that say they do are the ones who screwed things all up.
The Fed has today bid farewell to seven years of its zero interest rate policy. Hooray. Wall Street is petrified because investors have become hyper-dependent on this zero rate scheme and the floods of dollars injected into the economy just as an addict craves crack cocaine.
Liberals tend to believe that money creation is a stimulant to the economy and stock market. That’s only true, if at all, in the very short run. Over time, prices and output economy-wide adjust to the larger volume of money.
The printing press, alas, is not a job creator. If it were, Mexico and Argentina would be the richest countries in the world, and people would be lining up at the U.S. southwest border to get out rather than to get in.
Thanks to Ben Bernanke, the former Fed chairman and Janet Yellen, the current chief, we have just completed an experiment of epic proportions. Federal short-term interest rates have been set at zero and the Fed has injected dollars into the economy with a more than $3 trillion program of bond purchases through what has become known as QE1, QE2, and QE3, etc.
When the Fed purchases bonds, it releases money into the economy to get them. Bernanke and Yellen contend that this program saved the world economy from a second Great Depression.
They point to the surge in the stock market since 2009 as more evidence that the strategy worked swimmingly.
But what Americans want is growth. What has all this money creation bought us in terms of helping juice the economy, creating jobs, or giving the American worker a pay raise? Nada.
We’ve been saddled with a limping recovery that to tens of millions of Americans below the median income feels like no recovery at all. Wages have remained almost entirely flat. And growth of 2 percent for this recovery is running well below the normal growth trajectory of 3-4 percent out of recession.
Add to this the $7 trillion in added debt and we’ve been served up a soup of Keynesian stimulus lunch that has only put Americans in a very sour mood about our financial condition now and in the future.
Worse, all this borrowing and money creation isn’t free. We’ve tried this before - twice - and both times the story ended badly with a pop of the bubble. The first ordeal was the dot-com crash in 1999-2000 and the follow up was the real estate avalanche in 2008-09.
Both were facilitated, if not triggered, by easy money.
Thanks to these bubbles, the average family today has seen no gain in its real net worth since the late 1990s, so it’s hard to see how the Fed’s policy benefited the middle class.
Why hasn’t easy money pumped up the economy? The answer is that Fed money creation can’t reverse the effects of bad tax and regulatory policy. We now operate under a policy regime in Washington that punishes investment, risk taking and profits through high tax rates and strangulating regulations — especially aimed at our energy producers, our investor class, our banks, our drug companies, and our health care providers. Profits at Walmart or McDonalds are now denounced not as a sign of success but of greed.
We’ve seen more part-time workers and lower overall employment. Obamacare rewards companies to cap hiring at 49 workers and to pay those they do hire for less than 30 hours a week.
Dozens of major American companies are leaving for Ireland, Canada, and Europe. Corporate tax rates are much lower there than in the United States.
Companies are parking their earnings abroad to keep their profits out of reach of an IRS that wants to penalize them if they bring money and jobs home.
Our coal mines and coal companies are shutting down thanks to EPA regulations that are killing low-income areas like Appalachia.
Pharmaceutical companies face absurd regulations that can lead to delays in getting experimental life-saving treatments to market while costing firms hundreds of millions of dollars.
Small banks are getting swallowed up by too-big-to-fail big banks thanks to Dodd Frank rules, which Hillary Clinton now pledges to expand on and to veto any sensible reforms.
The “you didn’t build that” hostility to America’s small, medium, and large businesses is an economic poison pill that has placed our nation’s employers in a holding pattern.
“Wall Street is petrified because investors have become hyper-dependent on this zero rate scheme and the floods of dollars injected into the economy just as an addict craves crack cocaine.”
There’s nothing to fear, as it’s only a matter of time until NIRP is put into force. Bernanke is already goosing the discussion from the sidelines.
If it were, Mexico and Argentina would be the richest countries in the world
FWIW, Mexico and Argentina are VERY different places. While Argentina has been circling the drain Mexico’s economy has been growing, enough to significantly slow the Mexodus. Of course, Mexico, unlike Argentina, quit using the printing press in the 90’s. If they could only get their drug cartel problems under control …
Liberals tend to believe that money creation is a stimulant to the economy and stock market.
Actually, a lot conservatives. I think that Milton Friedman’s view was that the Fed could have averted the Great Depression or at least alleviated it.
Sanders is the only candidate calling for what America needs - a redistribution of wealth. Capitalism does not work well when it kills the middle-class. The rich redistributed our wealth to them the past 40 years. It’s time our wealth was redistributed back. This is not what dumbos label Communism. This is the basis of healthy capitalism. Adam Smith and the founding fathers would approve. I even think Reagan would approve if he saw today what damage Trickle/Down has done to our America.
Bernie Sanders calls for downward ‘transfer’ of wealth of top one percent
https://www.washingtonpost.com/blogs/plum-line/wp/2015/05/26/bernie-sanders-calls-for-downward-transfer-of-wealth-of-top-one-percent/
Here’s Senator Sanders, unabashedly calling for a downward “transfer” of wealth, from the top one percent back to the middle class, in response to what he calls a “massive transfer” of wealth in the other direction:
“Ninety-nine percent of all new income generated today goes to the top 1 percent. Top one-tenth of 1 percent owns as much as wealth as the bottom 90 percent. Does anybody think that that is the kind of economy this country should have? Do we think it’s moral? So to my mind, if you have seen a massive transfer of wealth from the middle class to the top one-tenth of 1 percent, you know what, we’ve got to transfer that back if we’re going to have a vibrant middle class. And you do that in a lot of ways. Certainly one way is tax policy.”
Amazingly, the bigger government gets - the more wealth gets to the 1%.
That is because the 1% uses a massive government to crush all opposition.
There is a reason big phara wants no competition.
There is a reason why colleges want no competition
There is a reason why Realtors and home builders want no competition
There is a reason why big agra wants no competition
There is a reason why Warren Buffett buys businesses that suddenly get “protections” from government
Etc.
Want to redistribute wealth? Shrink the size and scope of government.
+100
More complex rules and regulations only means that the larger enterprises can be successful.
The ACA pushed greater Healthcare Insurance consolidation.
Dodd Frank pushed more power into the hands of large banks.
Need I go on?
If you have 100 mid-sized banks, you have a lot more mid-level positions in banks (decent income). If you have 10 large banks, you have fewer mid-level positions, which pay more (economies of scale allow the banks to pay more per person).
Amazingly, the bigger government gets - the more wealth gets to the 1%.
There is no necessary correlation. Government is bigger in Sweden and wealth inequality is much less.
2banana, you pick random things out of the sky and try to form them to your view.
Do you really think your odds of getting a job in Sweden is any greater than in the US?
http://www.americanthinker.com/articles/2012/10/the_swedish_model_government_austerity.html
When Sweden’s government was larger, they grew more slowly.
“From 1980 through 1997, Sweden’s government spent more than all other advanced economies as a fraction of GDP. It peaked at 68% of GDP in 1993, an all-time record for advanced economies.
And how did that “socialism” work for Sweden? Its economy grew only 1.4% per year from 1980 to 1993, when the U.S. was growing 3.0% per year. And over those last five years, 1988-1993, it stopped growing altogether — 0% growth. It fell farther behind the U.S: from 81% as rich to 72% as rich. Its debt grew to 70% of GDP.”
When Sweden began to shrink their government, their economy grew faster.
“Around 1993, Sweden’s government changed its behavior: it started spending less. By 2011 it was spending “only” 49% of GDP. While that is still pretty high, that represents a cut of 19% of GDP, or about what the entire federal government of the U.S. spent each year in most of the Clinton and Bush years.
By 1998, Sweden was no longer Europe’s biggest spender. By 2011, it had dropped to 9th place of 34 advanced economies. Sweden’s government is still big, but not near the biggest, and it lost a lot of weight — the equivalent of shedding the weight of the entire federal government of the U.S.
That is what I call “austerity”: the government simply spending less. And how did that work out for Sweden? Since 1993, its economy grew 2.8% per year, or double its previous rate, while ours grew only 2.5% per year. Its debt was cut from a high of 73% of GDP to 37%.”
I found the article through a web search about Sweden’s size of government, but my question is this:
With enough time with a smaller government, will Sweden have increasing wealth inequality?
I also find the commentary on taxes to be interesting…apparently Sweden’s tax code is LESS progressive than the US tax code.
And how did that work out for Sweden? Since 1993, its economy grew 2.8% per year, or double its previous rate, while ours grew only 2.5% per year. Its debt was cut from a high of 73% of GDP to 37%.”
But government spenging as a percentage of GDP was probably higher than America’s during that period.
By 1998, Sweden was no longer Europe’s biggest spender
Looks like they’re finding the right balance.
With enough time with a smaller government, will Sweden have increasing wealth inequality?
There need be no correlation.
I also find the commentary on taxes to be interesting…apparently Sweden’s tax code is LESS progressive than the US tax code.
1. Why would it need to be very progressive when the wealth and income inequality are much less than USA? And they’re getting money somewhere else. See below.
2. They must be very progressive somewhere because their tax/GDP is way higher than the USA’s.
http://money.cnn.com/infographic/economy/taxes-for-34-countries-ranked/index.html?iid=hp-stack-dom
2. They must be very progressive somewhere because their tax/GDP is way higher than the USA’s.
Math and logic fail.
That absolutely does NOT need to be the case. Why do you think so?
They might simply tax everyone more.
I have one question for you.
If having a relatively less progressive tax system (like Sweden) doesn’t create wealth/income inequality, what makes you think a more progressive tax system will reduce wealth/income inequality?
If having a relatively less progressive tax system (like Sweden) doesn’t create wealth/income inequality, what makes you think a more progressive tax system will reduce wealth/income inequality?
Because each situation is different and different situations call for different remedies. If you think all situations are the same and call for the same remedies, I’d call that the math and logic fail.
They might simply tax everyone more.
Exactly. But mostly including the very rich, the very rich corporations and money churners.
Once again, get.a.job.
“Because each situation is different and different situations call for different remedies.”
You’re full of it Lola. Just lying a Lying Realtor.
“Because each situation is different and different situations call for different remedies. If you think all situations are the same and call for the same remedies, I’d call that the math and logic fail.”
I repeat my question.
“what makes you think a more progressive tax system will reduce wealth/income inequality?”
Because if you take something from a wealthy person, it makes them less wealthy (and thus reduces the inequality)?
Do you have an example that you would like to emulate where a country that started with significant income/wealth inequality subsequently had that inequality significantly reduced simply by taxing the wealthy more?
We have had the opposite in America over the past ~ 35 years. Taxes were reduced on the wealthy and inequality increased.
“Exactly. But mostly including the very rich, the very rich corporations and money churners.”
Bullsh*t.
Sweden has a VAT of 25% (with exceptions for things like food and services). You would scream bloody murder at the REGRESSIVITY of that tax if it were in the US.
Income tax is 0% up to $2,700 per year.
31% up to $62k per year
51% up to $88k per year
56% thereafter.
Remember, the US has state taxes as well as Federal. Many of us (especially self-employed in places like NY or CA) are already paying more than 56% on the margin (self employment taxes, etc., etc., etc.).
Sweden has higher taxes for people under $62k. Higher for middle income earners, and is similar to high tax states for high income earners on the margin, AND a VAT of 25%.
They don’t tax the very rich and money churners, they tax EVERYONE with their 25% VAT.
They don’t tax the very rich and money churners, they tax EVERYONE with their 25% VAT.
Fine. I really don’t care about the parsing Bullsh*t. I don’t care really and truly how the sausage or politics are made.
What I care about is a society that shares much more equally in the productivity of the society.
I like the way you try to understand money and politics. You’re a sensible guy on the right. I think you’re biased for sure. You are. But you’re good at math and most of the time you don’t let it stand in the way. So Cheers Amigo and Merry Christmas!
MightyMike:
http://eml.berkeley.edu/~saez/piketty-saezJEP07taxprog.pdf
See page 12.
The difference in progressivity in taxes generally over the past 35 years has nothing to do with changes in personal income tax rates.
The money quote from Thomas Piketty and Emmanuel Saez:
“The greater progressivity of federal taxes in 1960, in contrast to 2004, stems from the corporate income tax and the estate tax.”
What I care about is a society that shares much more equally in the productivity of the society.
Great. So do I.
The solution though isn’t to simply tax the wealthy more.
The solution is to find ways to make those least well off more employable at higher wages. And those ideas will require resources.
And, most importantly, if those ideas are good enough, EVERYONE should be willing to pay a bit more to fund those ideas. Those who make the most should foot a disproportionate share of the bill, but not all of the bill.
If the ideas aren’t good enough for EVERYONE to be willing to pay for a portion of the cost, then we should go back to the drawing board to find a better idea.
That supports my point. Taxes on the wealthy were cut and inequality increased. So the people who say that they want to go back to 1960 need to be more explicit and include those two taxes in their proposals.
Puke,
Capitalism created the middle class.
Capitalism created the middle class.
Of course USA’s old version of Capitalism created the middle-class. No one can doubt that. But USA’s new version of Capitalism is destroying the middle-class. (I can’t believe this needs to be pointed out.)
Do you think there’s just one version of Capitalism? How and why?
Capitalism was created by mankind to serve mankind. Not vice-versa.
‘Capitalism was created by mankind’
I find it hard to trust your judgement.
‘Capitalism was created by mankind’
I find it hard to trust your judgement.
You don’t need to trust my judgment.
Biography: Adam Smith: Capitalism’s Founding Father - Vision
http://www.vision.org/visionmedia/biography-adam-smith/868.aspx
Known for the treatise, An Inquiry Into the Nature and Causes of the Wealth of Nations, Adam Smith is credited with founding political economics.
Theory of Capitalism The Center on Capitalism and Society
capitalism.columbia.edu/theory-capitalism
Capitalism is a system of largely private ownership that is open to new ideas, … Innovations are normally the creation of business people, he said, and do not …
How Christianity Created Capitalism | Acton Institute
http://www.acton.org/pub/religion…10…/how-christianity-created-capitalism
How Christianity Created Capitalism. by Michael Novak. Capitalism, it is usually assumed, flowered around the same time as the Enlightenment–the eighteenth …
Capitalism - Library of Economics and Liberty
http://www.econlib.org/library/Enc/Capitalism.html
A better explanation of the Puritans’ diligence is that by refusing to swear allegiance to the established Church of England, they were barred from activities and …
The History Of Capitalism: From Feudalism To Wall Street
http://www.investopedia.com/articles/economics/08/capitalism-history.asp
Find out how the economic system we now use was created.
Please calm down. Here are some good movies and tv shows featuring CB radios to help:
Convoy!
Smokey and the Bandit.
BJ and The Bear
Hooper.
OddSwallow/Lola here’s a simple solution to your tales of woe:
Stop complaining and demanding handouts and get a job.
Capitalism created the middle class.
Wow this is so very wrong I don’t even know where to start. The middle class was created when blue collar workers in factories started getting better wages, got paid for working overtime, benefits, and so on. These of course came from bargaining agreements — unions built the middle class. That’s historically undeniable.
A few decades prior to the emergence of unions, companies routinely used child labor. Capitalism created child labor. That shows you what smaller government and laissez faire produce when corporations are allowed to pursue profits without regulation.
Price fixing unions destroyed the middleclass.That’s historically undeniable.
Unions built the middle class. And after Reagan started busting unions and union membership declined, so did wages. This chart proves it:
http://i.huffpost.com/gen/1359800/original.jpg
The false promise of “trickle down” and “laissez faire” is this trust and belief that if corporations are freed from taxes and regulations that they will voluntarily boost pay of their employees. The last 15 years has proven that wrong. Wages are flat. Trickle Down is a failure.
You give unions FAR too much credit. But let’s say that you are correct.
You know what else is true? That unions have been water-carriers for the global elitists - they put Clinton-Gore into office for eight long years, while they continued Shrub’s global trade agreements that decimated American manufacturing.
Oh, and union-elected Clinton gave China most-favored nation trading status too. Millions of dollars of union dues went into the Clinton/Gore coffers, and for what?
So you say that the unions built the middle class? Fine.
But they were equally culpable in destroying it. They sacrificed off their members while the union bosses continued to live high on the hog, creating two-tiered wage systems, doing whatever they could to suck the host dry and keep their own good times rolling for as long as they could.
Then, when all of the jobs were gone and the factory closed, they finally had to sell off the northern Michigan hunting lodge, and then local union hall, and now there is nothing left.
Hooray for those unions!!!! Look what a fantastic job they did to keep those Amercan jobs here.
I worked at a union-represented manufacturing plant in the 1980s that employed almost 20K people city-wide. They already had one plant in Mexico (opened in 1979), one in Singapore, and opened a second Mexico plant while I was there. Now there are around 1000 people left in that town at that company, with no certain future. Union fail.
Wherever there is great property, there is great inequality. For one very rich man, there must be at least five hundred poor.
I read the Grapes of Wrath and Upton Sinclair’s the Jungle as a starry-eyed young goon (and voted for Nader in 2000). Then I got a real job and started paying taxes
Cloward-Piven is real
Have you read Adam Smith yet, old man?
So you don’t mind rat feces in your hamburger anymore?
“So you don’t mind rat feces in your hamburger anymore?”
Anymore?
Read …
http://www.cbsnews.com/news/11-totally-disgusting-things-the-fda-allows-in-your-food/
I read the Grapes of Wrath
Read East of Eden if you want to read his glorious masterpiece that kind of makes you feel like cr@p. lol Kind of like Genesis.
(But I’m only on page 131.)
(I can’t believe the brother would sleep with that evil that he recognized.)
worked in Cuba, USSR Nam etc
worked in Cuba, USSR Nam etc
Meaningless comparison. The USA has always practiced wealth redistribution - in ways very different than Communism.
The all-or-nothing mindset of the radical right is not very developed imo.
San Bernardino Shooting
by Pete Williams
Dec 17 2015, 7:04 am ET
Federal prosecutors have decided to bring criminal charges against the friend and former neighbor of one of the San Bernardino shooters.
http://www.youtube.com/watch?v=ZN3E9Yyd1HA - 336k -
The guns were illegal.
A straw buyer is illegal
Murder is illegal.
More gun control will save us
Murder is illegal everywhere, but murder continues. Murder control is waste of my taxes.
But yet where guns are practically banned for the law abiding - Chicago and DC, the murder rate is the highest in the nation.
Chicago’s murders occur in an area where every male has a gun or five. More guns will not solve Chicago’s murder problem.
Once again, someone posted a link a few weeks ago to a Washington Post article that referenced around 10 instances of citizens using handguns to protect themselves. One of those occurred in Chicago. A cabdriver had a CCW permit and kept his handgun in his car. He used it to protect himself in some shooting situation and ended killing a criminal. Since he was acting in self-defense, the police didn’t charge him. So it’s unreasonable to say that “guns are practically banned for the law abiding” in Chicago. If we looked into it, it’s quite possible that the same could be said of DC.
Mike, you are truly a moron. The police not charging someone is the guarantee of their constitutional right?
And that article showed citizens who used guns to stop mass shootings. Self defense with guns for regular every day stuff is much more common and happens every single day.
I don’t know what you’re getting at. Are you saying that the right to bear arms is not guaranteed in Chicago? If so, where is it guaranteed and what is the evidence for that?
I was merely refuting 2banana’s assertion that guns are “practically banned for the law abiding” in Chicago.
“Murder control is waste of my taxes.”
Sounds like you need a vacation.
Judicial Watch: Obama Family’s 2014 Christmas Vacation in Hawaii Cost Taxpayers $3,672,798 in Transportation Expenses
MARCH 10, 2015
Martha’s Vineyard August, 2014 Vacation Cost $400,666.30 in Transportation
$2,425,085.50 were Spent in Transportation Expenses for Obama’s July, 2014 West Coast Fundraising Trip
Obama Hawaii Christmas vacations over the past three years have cost taxpayers $15,540,515.10 in travel expenses alone.
According to other figures obtained by Judicial Watch over the past three years, Obama Hawaii Christmas vacations have cost taxpayers $15,540,515.10 in transportation expenses alone. This includes outbound and return flight expenses in 2012 totaling $4,086,355.20. (The Secret Service provided documents for Obama’s Christmas 2012 trip to Honolulu. The grand total is $654,599.40 including $409,225.78 in hotels.) Flight expenses for the Obamas’ 2013 Christmas vacations to Hawaii cost taxpayers $7,781,361.30.
The Christmas 2014 flight cost $3,672,798.60. The average American family of four spent $4,580 on Christmas in 2014.
For their Christmas 2014 vacation, the Obama family rented the same plush oceanfront estate they’ve used for the past several years in the wealthy neighborhood of Kailua, located near Honolulu on the island of Oahu. According to the London Telegraph, the four-member Obama family spent its extended two-week vacation at a palatial mansion with: “13 bedrooms, a prime location on Kailua beach and all the mod cons that the First Family could ask for … Beyond the lawn lies the famous beach, up which the waves roll majestically, 24 hours a day.”
Transportation for Obama’s July 2014 fundraising trip to Seattle, San Francisco and Los Angeles cost taxpayers $2,425,085.50
Transportation for Obama family vacation to Martha’s Vineyard in August 2014 cost taxpayers $400,666.30
“The Obamas’ travel is out of control. They are treating the Air Force One like an Uber ride. Our military deserves better. The Secret Service is stretched to the breaking point by President’s Obama’s abusive travel,” said Judicial Watch President Tom Fitton. “And President Obama seems oblivious to the burden he is placing on Americans with his continuous vacations, getaways, and political junkets at taxpayer expense.”
Read more about Hawaii, Martha’s Vineyard, Obama Christmas Vacation 2014, Obama Greatest Hits
http://www.judicialwatch.org/…/ - 52k - Cached - Similar pages
Mar 10, 2015
Just legalize murder and the crime rate will drop.
I love the smell of Sharia in the morning
There may be a couple of old dudes here that might find this interesting.
Andrew Gold who did the Thank you for being a friend song above worked with a lot of other recording artists from that time including Linda Ronstadt.
Andrew Gold
From Wikipedia
He played a major role as multi-instrumentalist and arranger for Linda Ronstadt’s breakthrough album, 1974’s Heart Like a Wheel, and her next four albums. Among other accomplishments, he played the majority of instruments on “You’re No Good,” Ronstadt’s only #1 single on the Billboard Hot 100, and the same on “When Will I Be Loved,” “Heat Wave” and many other classic hits. He was in her band from 1973 until 1977, and then sporadically throughout the 1980s and 1990s.
Linda Ronstadt with RIP Andrew Gold & Kenny Edwards - When Will …
http://www.youtube.com/watch?v=rztAvYAxlVE - 283k -
“Goldman Warns $20 Oil Looms”
http://www.zerohedge.com/news/2015-12-17/wti-slides-goldman-warns-20-oil-looms-crude-storage-too-full-comfort
Remember…. nothing raises everyone’s standard of living like falling housing and oil prices to dramatically lower and more affordable levels. Nothing.
Wouldn’t $20 oil virtually guarantee the onset of a long-term bullish trend?
Where is the downside?
No downside to falling oil prices to dramatically lower and more affordable levels.
No downside to falling housing prices to dramatically lower and more affordable levels.
Los Angeles, CA Housing Prices Crater 7% YoY
http://www.zillow.com/westchester-los-angeles-ca/home-values/
“storage too full”
Pretty soon they’ll be paying us to come and fill up.
get.a.job. instead of looking for a handout.
Simple solution.
Some people think that Goldman is not trustworthy.
job SnowFlake. Get a job!
Everyone Must Check In
Region IV
Has Fed meeting day plunge protection already worn off?
Yep.
Time to head over to Costco and fill the gas tank.
U.S. stocks retreat as oil drops under $35
Published: Dec 17, 2015 10:29 a.m. ET
Pandora rallies after royalty ruling; Pier 1 slumps
Bloomberg
Santa Rally takes a pause
By Anora Mahmudova
Reporter
Sara Sjolin
Markets reporter
U.S. stocks gave up modest opening gains and drifted lower on Thursday as a fresh drop in oil prices to below $35 a barrel pressured energy and materials shares.
The S&P 500 (SPX, -0.88%) was off by 9 points or 0.4% at 2,064. All 10 main sectors were trading lower. Energy and materials shares led the losses on the heels of falling oil prices.
The Dow Jones Industrial Average (DJIA, -0.71%) slipped 33 points or 0.2% to 17,713. The Nasdaq Composite (COMP, -0.66%) was flat at 5,070.
“We are seeing slightly higher trading volumes today as people are eager to execute their positions before most clients leave on holidays,” said Brian Fenske, head of sales trading at ITG.
Fenske noted that muted action and a slight pullback in the indexes is normal after a big rally.
“Now that the Fed raised rates in a way it was anticipated, investors are back to trading individual stocks based on their fundamentals,” said Fenske.
…
I’ll solve the problems. This you can count on.
I graduated from Trump U and everyone laughs at my diploma. Can you solve my problem?
I will transmit this to Vladimir.
I’d vote for Trump before I’d vote for Cruz.
If today’s Repubs are a reflection of 45% of Americans, I’m not as good looking as I once was.
Mr. Trump,
From their empty skulls directly to the Whitehouse, you live rent free.
I have a question - can a House Speaker be impeached?
What a toady P Ryan is - what a f….ing little prick that guy is.
rj
No impeachment needed.
The congress can just vote for a new speaker at any time.
That would have to be embarrassing. They elected him quite recently.
2B -
The very same Congress that voted for Ryan to begin with? - Man o man - might go from bad to worse. Boehner to Ryan to ?????
What a sell out Ryan has become - used to think the guy was wise beyond his years - but him bein in the swamp long enough proves out that once they start to really inhale the aroma and foul fumes of the swamp they lose their desire to leave.
Used to be that to remain healthy one would want to eventually get out, get out of the cess pool. They would want to leave because of the foul fumes but - once the thought of losing the ooogie googie warm feeling they sit in, they sell their faustian souls just want to stay in the warm oogie googie even though the fumes are killing them and by default us.
Ryan is becoming the new Boehner because that’s what the speaker has to do to at least govern on a minimal basis. This exposes the conservative House hardliners as the petulant, immature whiners that they are. The country needs a budget to run and some compromises have to be made. You can’t just sit there with your arms folded and throw tantrums because you’re not getting everything that you want.
can a House Speaker be impeached?
Gerrymandered themselves into a corner.
Oh shoot. I’m gonna rile up the base. Not Bobbie Lee!
New Orleans takes on Confederate symbols, including Robert E. Lee
http://www.csmonitor.com/USA/2015/1217/New-Orleans-takes-on-Confederate-symbols-including-Robert-E.-Lee
New Orleans appears ready to take down four monuments, including a towering statue of Confederate Gen. Robert E. Lee.
New Orleans — New Orleans is poised to make a sweeping break with its Confederate past as city leaders decide whether to remove prominent monuments from some of its busiest streets.
With support from Mayor Mitch Landrieu, a majority on the City Council appears ready to take down four monuments, including a towering statue of Confederate Gen. Robert E. Lee. Their ordinance has sparked passionate responses for and against these symbols, and both sides will get one more say at a special council meeting before Thursday’s vote.
2nd Try
Landrieu first proposed taking down these monuments after police said a white supremacist killed nine parishioners inside the African-American Emanuel AME Church in Charleston, South Carolina in June. “Supremacy may be a part of our past, but it should not be part of our future,” he declared.
The reason take down every Confederate monument and flag. One nutjob supported by no one.
But when muslims kill for islam over and over and over. Democrats go to pray in mosques and try to understand the muslims. They want to import more muslims and give them special protections.
Donald Trump COMPLETE INTERVIEW On Jimmy Kimmel Live
Go to 6:45.
Trump:
“I wish we had the $5 Trillion wasted on the wars to spend on education, roads and hospitals”
“Millions of lives wasted”
“What do we have for it - nothing”
“Let the dictators stay where they are.”
“We owe $19 Trillion - soon to be $21 Trillion after this idiotic budget”
https://www.youtube.com/watch?v=O_RLOOeZtIs
Liberals used to say things like that back in the 1980s.
Republicans and neo-cons are getting exactly what they deserve as Trump annihilates their party. They ginned up all this “the world is about to end if we don’t…”.
Well the message got through and all their fan boys are excited about Trump.
The white house the senate, the House too?
Trump is a gift to right thinking people because he is a true caricature of wrong thinking.
The mere mention of Mr. Trump causes enragement.
http://goo.gl/jXiSsk
The idiots that follow him can’t see that.
There’s no doubt that Sanders has hit a nerve. Two Million Individual Campaign Contributions? Before Iowa? The problem is that our politics are bought and sold by higher bidders. The Republican/Koch Brother Citizens United was a last nail in the coffin. And “There’s no differences between Dems and Repubs”. Right.
“Sanders walks the walk.”
Bernie Sanders Becomes the First Presidential Candidate to Reach Two Million Individual Campaign Contributions: In 2008, Obama Had Just One Million
http://www.huffingtonpost.com/brian-hanley/bernie-sanders-becomes-th_b_8824490.html?ncid=txtlnkusaolp00000592
Tonight, Bernie Sanders received the final dollars he needed to break a historic milestone. The senator officially hit two million individual campaign contributions, a feat that no other U.S. presidential candidate has achieved at this point in an election.
To put that number in context, Barack Obama’s historic 2008 campaign managed to break just one million contributions. Sanders literally has twice what Obama had. Not only that, but Sanders reached two million faster than President Obama reached one.
Even more impressive than the number of contributions is the average size of each. As of Wednesday evening, the average donation to Sanders was less than $30, which means millions of his supporters are chipping in rather small amounts.
Now of course the goal for any candidate is to raise as much money as possible, to endure the grueling, two-year election. But Sanders cares more about the number of people contributing to his campaign than the amount they’re willing to contribute.
Since the start, Bernie Sanders has built his entire movement on the support of small donors. In fact, he’s uniquely positioned among all other presidential challengers in that he refuses to accept money from super PACs and pledges to return their money if it accidentally finds him. The best part is, Sanders walks the walk.
The Clinton Charities just laughs…
“The best part is, Sanders walks the walk.”
Not only that but he rides a white Unicorn and promises free weed, free college education, free healthcare, free everything and $20 an hour to ask…
Small, medium or large?
Sanders doesn’t propose free college or free healthcare. His programs cost a lot of money. But unlike conservatives, who selfishly only think of themselves, Sanders knows that if these investments are made in Americans by America, then the nation as a whole is lifted up economically and in terms of quality of life. A rising tide lifts all boats.
“A rising tide lifts all boats.”
What socialists always promise and never deliver.
Never.
There are a number of social democracies in the world that have a higher standard of living than the U.S. Places where the health care is better and more affordable. Places where you can get a college degree without starting a career $125K in the hole. In those places democratic socialism delivers.
That’s why America was at its poorest under the New Deal.
What socialists always promise and never deliver.
There’s nothing socialist about revamping a currently failing brand of Capitalism to benefit much more the middle-class.
Was the USA “socialist” in the 50’s and 60’s when the middle-class got their fair share?
I think not. You spout label banalities of your failing dogma.
The trickle down theorists haven’t delivered what they promised. Maybe its time to try something different?
Typical price inflating, price fixing, market destroying, gimme something for nothing socialist.
Remember….. nothing raises the standard of living like falling prices to dramatically lower and more affordable levels. Nothing.
Arlington, TX Housing Prices Crater 10% YoY
http://www.movoto.com/arlington-tx/market-trends/
“if these investments are made in Americans by America,”
Didn’t work with the Porkulus plan.
“A rising tide lifts all boats.”
I don’t know if you have noticed but if you get away from DC, Wall Street, the lobbying and political donation crowd not many boats got lifted over the last 7 years.
That’s probably why a dude who rides a white Unicorn and promises free weed, free college education, free healthcare, free everything and $20 an hour to ask… Small, medium or large?
Is so appealing.
“Not only that but he rides a white Unicorn ”
I’m not saying you but many who don’t like Sanders’ message are broken tool of those who stole their chances. And they fight for those who stole their chances. Because it’s what they’re trained to do.
Like the horse in Animal Farm but on an ideology level.
$20 an hour to ask…
Small, medium or large?
I thought it was $15/hour. Once again, your motto is, “The facts don;t matter.”
It’s good to see you back on the reservation.
You made a false statement. You probably knew that it was false. If that was the case, you’re a liar. When I point that out, you go back to your false flag, conspiracy nonsense.
Millions of Americans are working for totally inadequate wages. We must ensure that no full-time worker lives in poverty. The current federal minimum wage is starvation pay and must become a living wage. We must increase it to $15 an hour over the next several years.
Join Bernie’s campaign to stand up for higher wages for American workers.
https://berniesanders.com/issues/a-living-wage/
“You probably knew that it was false.”
Are you trying to say Bernie does not ride a white Unicorn?
SnowFlake,
This simply means prices are grossly inflated and have a very long way to fall.
What is it about markets that confuses you?
Did you mean to post that somewhere else, or do you think that it has some rekevance to Mr. Phony’s dishonesty?
Dude, exaggeratory sarcasm. You know, statements that make you do this –>
Maybe if palmy had said $50/hour, you would have figured it out.
Maybe you’re right about that, oxide. This has happened before. I questioned someone’s falsehoods or nonsense and the response is, “Don’t you see, it’s sarcasm?” My response now is the same as it was then. Sarcasm is usually used for the purposes of humor or making a point. That must be why I didn’t recognize any sarcasm.
Nice work Bernie!
He is the only fiscal conservative.
What “lifts all boats”?
Falling prices to dramatically lower and more affordable levels raising everyones standard of living like nothing else can.
Prices are grossly inflated my friends. This is why demand for all items is collapsing globally.
Would now be a good time to buy a house in the U.S.?
It seems like every other asset class is crashing in the wake of liftoff (except for Uncle Buck, that is…).
Luckily, real estate always goes up.
until it goes down….
San Diego, CA Housing Prices Crater 9% YoY
http://www.zillow.com/linda-vista-san-diego-ca/home-values/
Landrieu first proposed taking down these monuments after police said a white supremacist killed nine parishioners inside the African-American Emanuel AME Church in Charleston, South Carolina in June. “Supremacy may be a part of our past, but it should not be part of our future,” he declared.
The reason take down every Confederate monument and flag. One nutjob supported by no one.
But when muslims kill for islam over and over and over. Democrats go to pray in mosques and try to understand the muslims. They want to import more muslims and give them special protections.
But when muslims kill for islam over and over and over.
Dude relax. We’re killing the dirty swarthy Mohammedans every day, women and children too. Maybe not fast enough for you and me but the elections coming up and we can change that. We can kill them more.
The bad thing is that we’re taking down statues of our southern heroes who fought to enslave other dirty and dark skinned people.
Southern Heroes? You mean traitors and terrorists to the good ol’ U. S. of A.
Unlike you - I don’t want to kill mulsims.
I just don’t want to import them to American to kill and terrorize me and my family.
See the difference?
“We can kill them more”
Your insincerity knows no bounds.
Your insincerity knows no bounds.
Riiight Mr. Obfuscation.
“….NOAA Hansen disciples corrupted the North American temperature records. The cooling trend going into 1975 is now completely gone from the record. This is why we will continue to have record hot years continually whether there is any warming or not. Thanks Jim!”
B.S. (BluSky)
It’s snowing in TX Lola.
Simple truths are confusing and a stumbling block to the deceived.
Simple truths are confusing
Simple “truths” like “don’t ever buy a house with debt and don’t buy a house with cash (if you’re a liberal).”
Sometimes wild imagination is not your friend.
The reason take down every Confederate monument and flag. One nutjob supported by no one.
The US is the only country I know of that honors and commemorates rebels and seditionists.
‘honors and commemorates rebels and seditionists’
You mean like Washington, Jefferson, etc?
In CO meant we are the only country that has monuments celebrating failed uprisings.
That’s not true at all. All over the country there are monuments to Native Americans and their leaders who were slaughtered by federal troops. You should visit the Navajo Nation and ask the locals what they think of the US government.
You mean like Washington, Jefferson, etc?
Are they honored as heroes in the UK? Because that’s who they rebelled against, not against the American people.
‘Are they honored as heroes in the UK’
We are talking about the south right? Southern monuments, etc? Maybe we should have statues of Custer on the Navajo Nation?
Holy sufferin’ $hit….
How about a statue of General Zhukov at the Brandenburg Gate?
There are actually a few such memorials in Berlin.
for example:
https://en.wikipedia.org/wiki/Soviet_War_Memorial_(Treptower_Park)
“We are talking about the south right? Southern monuments, etc?”
I am quite certain that had we lost the war of Independence that there would be no monuments honoring Washington, et al in North America. That is why it’s so perplexing to non Americans that the cult of the Confederacy was allowed to exist in the United States. I’ve never heard of another country that honored those who rebelled against it as “heroes”.
“There are actually a few such memorials in Berlin.”
Erected by the victor on occupied land.
Sorry SnowFlake.
‘the cult of the Confederacy’
Uh, I think it’s called history.
‘was allowed to exist in the United States’
Well, now we are getting somewhere. Annie grab your gun and go down there and make these people do what you want. Better wear some body armor. And don’t forget what I’ve told you before; Texas used to own a good chunk of Colorado and we reserve the right to take it back if there’s anything there worth having.
Lee did not surrender in humiliation. This was an important aspect of the surrender. A century and a half later why should we revise the history?
Washington, Jefferson,
By this reasoning, there should be no commemoration of Washington and Jefferson in ENGLAND.
(Oh wait, google says that there’s a statue of Washington in Trafalgar Square.)
As far as I know that is the only statue of George in the UK, and it was a gift from the US (Virginia actually) to the UK. I suppose that the Brits were too polite to snub the gift from their WW1 allies.
But to equate this statue with one of Jefferson Davis in the south is disingenuous.
Anywho, what I’m trying to get at is that in most other countries failed rebels are not celebrated, they are consigned to Orwell’s memory hole.
Seattle, WA Housing Craters; Prices Plummet 6% YoY As Housing Bust Ramps Up
http://www.zillow.com/seattle-wa-98199/home-values/
Affluenza Boy is on the run!
Ryan and the GOP sure love to spend money and grow the gov.
2016 We need a T Roosevelt type POTUS. Great Ken Burns documentary on that family of freaks.
Let’s say mortgage rates go up in tandem with the Fed, and the Fed follows through with all four raises to +1%. So what happens to affordability if 30-year mortgages go from 4% to 5%?
$300K mort @ 4% = $1,432/mo
$300K mort @ 5% = $1,610/mo
What if you can only qualify for $1,432/mo? How much less can you borrow at 5%?
$267K mort @ 5% = $1,432/mo
Therefore, if mortgage rates go up a full point it implies that home prices must fall by -11% in order to maintain the same buying pressure.
Debt donkey logic.
Greed drives a housing mania. The financing is only an enabler. Interest rates were around 6% for a 30 year in 2006. Fear popped the primary bubble peak and fear will break the secondary.
Debt donkey logic.
It’s math. Had trouble in high school pre-algebra did you?
It’s debt donkey math.
Art Linkliar
a 300K mortgage sounds like suicide unless you make over 180K.
$1,432/mo is a lot less than what a lot of people pay in rent.
Let’s say you get laid off and can’t pay the rent. OK, so you get hit with a 30- or 60-day notice to vacate. If you buy the house, you get at least a full year of “rent free” occupancy until Mr. Banker finally gets the paperwork together, which gives you more time to find another job. Strategic foreclosure tactics are needed in today’s world
“Strategic foreclosure tactics”
No need to be a liar. Live honestly and only buy what you can actually pay for. This might mean renting. It might also mean (gasp) saving something for a rainy day.
Live honestly and only buy what you can actually pay for.
What a man of principle. Only buy what you can pay for with cash. Anything. Except a house. Oh sorry, except a house if you’re a liberal.
If you buy a house when you’re a right-winger, it’s “living honestly”.
But if you buy a house and you’re a liberal, then there’s something wrong. I’m not sure what that something wrong is but there has to be something wrong. Just gotta be somehow. Oh, especially if that liberal’s house goes way up in value. Oh yea, especially if that house is in a jungle country where they feed the poor and sell stuff to China because there’s a credit bubble that’s gonna send us all back to the stone age. Someday. Then there’s gonna be hell to pay.
Somehow. I think. I’m a man of principle when it fits my politics.
No need to be a liar.
This makes no sense. The mortgage applicant isn’t lying, he’s stating his income and job honestly, backed by paycheck stubs. He has no way of knowing he’s going to get laid off 4 years in the future.
More debt-donky logic.
‘He has no way of knowing he’s going to get laid off’
30 years is a long time and life is gonna happen. Maybe that’s one more reason not to make 30 year loans.
It is unfortunate that simple honest dealing is such a stumbling block to the Pineapples. Maybe it is not one of the building blocks of socialism. Makes it rather hard to believe anything they say.
“life is gonna happen”
And it’s a lot less stable than it used to be.
Back in the 60’s my dad was a tool and die make at Cox (the flying model airplane company).
One day out of the blue they had a layoff and my dad got canned. He walked across the street and got a comparable job the very same day.
That’s almost unheard of today, even during “good times”. Now you’d have to apply into the company’s website black hole, wait days or even weeks to be called. Then if they decide to bring you in for an interview you’ll be forced to run an all day gauntlet were they will try to find some reason to not hire you. This, in a field where there is supposedly a “shortage” and “there is no one to hire”
It is unfortunate that simple honest dealing is such a stumbling block to the Pineapples.
Sorry. You’re no one to be talking about honesty BlueSky.
Your “honesty” cowers before your politics.
Honesty Rio, stick with honesty. Don’t promise what you do not have for something you cannot afford. That is as simple as it gets.
And if supposing you do, don’t use legal tactics to stay in the house long after you’ve failed to make payments.
“$1,432/mo is a lot less than what a lot of people pay in rent.”
Now double it for taxes, insurance and deprecation.
this is true, always has been.
“Goldman Sachs (NYSE:GS) has once again cut its iron ore price forecast after its previous prediction was breached a year ahead of its expectations, as China’s slowdown forces the global industry into a long period of hibernation.”
“Goldman tips iron prices to fall to $38 in 2016 – down 13% from its previous call of $44. But the downward trend won’t stop there, the bank added, predicting prices of around $35 a ton in 2017 and 2018, down 14% from its previous estimate of $40.”
“The bank raised the prospect that by 2040, China’s iron ore demand will be half of what it is today…”
http://www.mining.com/goldman-forecasts-even-more-pain-for-iron-ore/
China…global…hibernation. Not looking so miracle like now.
neo-cons!
late Tuesday night, Ryan unveiled a few thousand pages of consequential tax, spending, and regulatory legislation costing roughly $2 trillion and gave Congress and the public two whole days to review everything.
“WTI Crude Breaks $35, Storage Bulging, Heading For $20″
http://davidstockmanscontracorner.com/wti-crude-breaks-35-storage-bulging-heading-for-20/
A gift to everyone from free markets; Falling prices to dramatically lower and more affordable levels accelerating the economy and raising everyones standard of living like nothing else can.
Merry Christmas to my WALLET!!
Everything you ever wanted to know about the oil price collapse, but were afraid to ask…
And to think this whole Syria civil war started over graffiti.
Congress to lift oil export ban?>??
If the glut of oil and gas in the States is so huge that we need to export it, why are we importing so much that tankers are queued up across the Atlantic waiting to unload imported oil????
Wrong way to look at. The tankers aren’t importing - importing involves a step that is called offloading. Storing is what the tankers are doing; storing oil that has no other place to go.
“look at” = “look at it”
The United States imported approximately 9 million barrels per day (MMb/d) of petroleum in 2014 from about 75 countries. Petroleum includes crude oil, natural gas plant liquids, liquefied refinery gases, refined petroleum products such as gasoline and diesel fuel, and biofuels including ethanol and biodiesel. In 2014, about 80% of gross petroleum imports were crude oil, and about 46% of the crude oil that was processed in U.S. refineries was imported.
The United States exported about 4 MMb/d of crude oil and petroleum products in 2014, resulting in net imports (imports minus exports) of about 5 MMb/d in 2014. Net imports accounted for 27% of the petroleum consumed in the United States, the lowest annual average since 1985.
The top five source countries of U.S. petroleum imports in 2014 were Canada, Saudi Arabia, Mexico, Venezuela, and Iraq. The country rankings vary based on gross petroleum imports or net petroleum imports (gross imports minus exports).
“Supertankers being used for storage at sea.”
http://www.portvision.com/news-events/press-releases-news/supertankers-being-used-for-oil-storage-at-sea
Tanker glut …
http://kut.org/post/global-oil-glut-brings-tanker-traffic-jam-gulf-mexico
“Currently low oil prices have developed into some long-term bookings of supertankers, not for oil transport, but for crude oil storage.”
yes, but the USA still imports.
Could it have to do with types of oil? Heavy, light, etc.?
Could it also have to do with where pipelines are located, ie. ease of transport?
At the end of the day lifting the export ban should make the oil market more efficient. And that should be a good thing.
why does the USA export oil and import oil?
like buying eggs from Mexico when you have chickens in your back yard.
Well, in the case of Mexican eggs, those are actually shells stuffed with cocaine. Every 13th on contains an explosive date rape mist that will render a person rapeable for any nearby undocumented visitor.
All I’m sayin’ is, be careful of Mexican eggs. You might get yourself raped.
“Putin Endorses Absolute Leader Trump As Colorful, Talented Guy”
http://www.zerohedge.com/news/2015-12-17/putin-endorses-absolute-leader-trump-colorful-talented-guy
Nobody knows how to say FU to the establishment without saying it. Nobody.
jeb bush came out swinging at trumpster the other night but failed as usual.
people are tired of the same old bs where nothing gets done.
Bernie vs Trump. It is written on the wall. No more big spending , war monger neo-cons. wait… that leave out Trump.
The Donald lives rent-free in that MT Skull of yours.
Critical thought has left the building at Yale…
http://www.zerohedge.com/news/2015-12-17/america-its-over-yale-students-sign-petition-repeal-first-amendment
SD, ND, WY, Idaho, Texas, then New Mexico real estate is headed for a huge crash with oil under $30 for the next decade. China might skip over oil and go straight to smart-alternative energy. Karma.
Don’t forget the other 44 states Lib.
a lot of sh@t can happen over 30 years. Most likely u will get foreclosed on and never make it to the end.
I guess people will have to learn to bar tend and serve food.
You Lolas can’t keep up. You look like the 3 stooges.
LOWBALL everyone
have any of u heard about this options expirations going down tomorrow? I heard some sh@t could hit the fan cause of the size of this deal.
S&P 500
The $US1.1 trillion elephant in the Federal Reserve room
Sydney Morning Herald-Dec 14, 2015
A $US1.1 trillion ($1.5 trillion) S&P 500 options deadline coinciding … Friday December 18 in the US is the day December index options expire.
Can you explain how option expirations make the sh*t hit the fan?
Don’t speculators need to buy shares to cover their position? Which makes the price go up, joe sixpack sees his 401K has gone up and he goes out and spends money on Christmas.
Or maybe I have it backwards.
Gotta love how the crazies call all of the goofy Republicans RINO’s. Now Ryan is a RINO. Guess what? Your GOP are all big spending, big gov, war mongers and corp puppets. That is what the Republican party is since Reagan. Dont like it, change parties.
When I order Mexican food, I cant complain it is spicy.
Change to what party Lib. The Collapsocrats?
Smile everyone. https://tr.im/RzMqr
Traffic very subdued tonight around here. I think many folks are holed up in the cinema watching Star Wars:
https://www.youtube.com/watch?v=53DQgbj2mIc
Curiouser and curiouser….
http://www.theblaze.com/stories/2014/07/30/news-crew-booted-from-state-property-for-filming-outside-empty-prison-now-people-are-wondering-just-what-is-going-on-there/