Bits Bucket for January 5, 2016
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The Housing Bubble
Examining the home price boom and its effect on owners, lenders, regulators, realtors and the economy as a whole.
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Name:Ben Jones
Location:Northern Arizona, United States
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“A Home of your Own”
http://picpaste.com/home_of_your_own.jpg
That would make a nice poster on the wall at the entrance to the storm sewers under Las Vegas.
Oh Cripes get over the partisan aspect of the housing issue. Both sides did it, all sides did it. All classes are to blame, rich, poor, middle class. All races, black, brown, white, Asian, etc. All religions participated also. No clean hands on this one other than a very few who sat it out either by choice or happenstance.
“a very few who sat it out either by choice or happenstance”
Most people’s heads would explode if they had to accept responsibility for their situation.
When 95% of the population are stupid, bad choices will be much in evidence especially in the voting booth.
There were probably some religions that didn’t get involved, like the Amish.
Clearly you’ve never experienced an Amish drive-by shooting:
Clip-clop clip-clop clip-clop BOOM BOOM BOMB! clip-clop clip-clop….
The Amish! I forgot to suck in the Amish!
Damn, perhaps I’ll get them on the next go-around.
On the contrary. They have mortgages aplenty.
IIRC, there are lots of Amish in your nabe, correct?
From what I’ve seen in documentaries and books, ISTM that the Amish would take out plenty mortgages, but wouldn’t play the flipper/appreciation game, at least not intentionally.
What sort kind of “stated income” do you put down for an Amish farmer/quiltmaker? Can’t be much more than a strawberry picker.
I think most of these farmers make more than a strawberry picker Oxy. One of my Amish neighbors is an engineer and certainly makes six figures. The roofing supplies dealer, the tractor dealers and the machine shop up the road probably also do not meet your narrow expectations.
The guy who bought a 300 acre mountain top farm to run a dairy operation for a million dollars isn’t a flipper, but he sure did participate in the bubble.
the Amish would take out plenty mortgages, but wouldn’t play the flipper/appreciation game,
Unlike some, Oxide tries to understand nuance in regards to the bubble.
I’ve been saying for about 7 years that the Brazil bubble was different - Brazil’s mortgage debt at about 7% of GDP compared to USA’s 70%, the vast majority of homes owned outright, 30-40% down needed, chronic shortage of housing and very low turnover. I’ve seen only one house change hands on my street in going on 8 years. I’ve seen hardly any more houses for sale now in nice areas compared to a few years back. Why? Because it’s different here.
One thing you will not see here in Brazil is people losing nearly as many houses per capita as did Americans. You will see many renters out on the street though imo because they’ve lost their jobs. Where will they go? Many back to their families who’ve owned their home outright for decades. And they will cross themselves, look up to the heavens and thank God that they have that option.
Actually I thought we *were* talking about the narrow band of traditional (orthodox?) Amish. The ones who don’t tie into the electric grid and don’t believe in more than an 8th grade education and believe in self-sufficient near-cashless farming. Those are the ones who wouldn’t be in the bubble.
I’m not sure how many of those Amish are left, since most need to work in grid-fueled machine/wood shops or employ modern equipment to certify dairy for sale.
Where will they go? Many back to their families who’ve owned their home outright for decades. And they will cross themselves, look up to the heavens and thank God that they have that option.
So, basically you’re saying that they will survive in the same way a generation has here in the USA: living back home in the parents’ basement.
you’re saying that they will survive in the same way a generation has here in the USA: living back home in the parents’ basement.
Yea, No. The same but different. It will be a larger percentage of renters who are displaced in Brazil compared to homeowners imo. (Compared to the USA.)
Why? A much larger percentage of Brazilians have no mortgage.
(Having no mortgage is an awesome thing in a Depression.)
Actually I thought we *were* talking about the narrow band of traditional (orthodox?) Amish. The ones who don’t tie into the electric grid and don’t believe in more than an 8th grade education and believe in self-sufficient near-cashless farming. Those are the ones who wouldn’t be in the bubble.
Yeah, those were the Amish I was thinking of. There are many sects. Those who live off of the grid, etc. may be the majority, not a narrow band.
Why? A much larger percentage of Brazilians have no mortgage.
How does a larger fraction of mortgage-free owners imply a larger extent of evicted renters?? That sure seems like a non-sequitur.
How does a larger fraction of mortgage-free owners imply a larger extent of evicted renters?? That sure seems like a non-sequitur.
It’s not.
On their housing costs, a higher percentage of renters will be hit compared to home owners in a country where a much higher percentage of home owners actually own their homes. It’s math.
If you can’t pay the rent, you get kicked out. If you own your home, you don’t get kicked out.
“The ones who don’t tie into the electric grid ”
Oxy, we don’t know of any in this area. As an example, we tried to find such to give away a circa 1950 washing machine with hand cranked rollers (the dryer) and couldn’t find any Amish who knew any Amish that were still that much “old way”. It’s not a Harrison Ford movie.
On their housing costs, a higher percentage of renters will be hit compared to home owners in a country where a much higher percentage of home owners actually own their homes. It’s math.
I think that you have an unstated assumption in the above statement: that a fixed amount of the population will be affected, and that it will be apportioned differently due to the owners being mortgage free. I also think that assumption (fixed amount of the population affected) is incorrect.
The real affect is dependent upon how many renters and mortgage-holders lost their jobs and are unable to make their payments. The mortgage-free portion that are unaffected don’t even enter into it.
With a default rate 600% higher than long term trend and tens of millions of excess, empty and defaulted houses, renters have nothing to do with it.
Data my friends.
And your point is? That there will always be a tiny sliver of an exception? And I also don’t buy the Amish didn’t get swept up also. Do you have any experience with the Amish?
I was just pointing out that you’re probably mistaken. I don’t have any Amish experience. I’ve read things about them from time to time. I also had a roommate many years ago who was a Mennonite.
What point were you making by injecting race and religion into the housing bubble issue?
You cant blame Bush for anything once he left for Texas.
Got plunge protection?
The Wall Street Journal
Asia Stocks
Asian Shares Fall Despite Chinese Regulators’ Move to Calm Nerves
Officials expected to announce guidelines aiming to regulate selling by major Chinese shareholders
By Chao Deng
Updated Jan. 5, 2016 3:22 a.m. ET
Erratic swings in Chinese trading pushed Asian markets lower Tuesday, as investors struggled to interpret Beijing’s latest cues about its role in the market.
The Shanghai Composite Index closed down 0.3% at 3287.71, after falling as much as 3.2% and rising as much as 1% in earlier trading. The benchmark lost 6.9% on Monday, its worst start to the year on record.
Australia’s S&P/ASX 200 fell 1.6%, Japan’s Nikkei Stock Average dropped 0.4% and Hong Kong’s Hang Seng Index fell 0.7%.
One cause for the volatility in China’s markets is investors’ uncertainty about how the stock regulator will handle a ban on selling by large stakeholders, expected to expire on Friday.
…
China’s stock market is like a football game where the rules committee is meeting on the sidelines as the game is played.
I rather think the rules committee is on the field playing the game itself in slow motion, while the former players are shut in the locker room waiting to hear how bad their losses are.
“rules”
In Chinese the world “rules” translates to:
(fill in you answers)
“Rules” is a Chinese word that means “Hey, You American dummy, send to China most of your jobs and all of your money”.
Which is what surprised me most about this China crash. If the American dummies were sending most of the jobs and all of the money over there, then why did they need to rack up so much internal debt?
‘why did they need to rack up so much internal debt?’
Or build empty cities and solar farms leading to nothing. These were the things that caused me to conclude it was all a farce. For instance, if they were really growing that fast, they couldn’t possibly tolerate wasting resources on that scale. It would be needed elsewhere.
The answer is local officials were hitting targets and didn’t care if what they were building made sense. They could always justify it; “we’ll move someone into those cities later.” Never mind that there aren’t any jobs or that the prices are way too high. The fact is, China had the biggest opportunity ever. Access to markets, huge underutilized labor force. And they blew it. Unfortunately, the globalists economically hooked the rest of the world to these goofs.
We have one poster here that has wondered out loud something that occurred to me; is the Federal Reserve setting up a crisis? Why let the junk bond markets and China load up on debt, then raise rates? The sensible time to raise rates was years ago. Yellen warned about junk bonds and biotech stocks. But both kept getting more unstable. Now we’ve got a commodity meltdown, energy sector is swooning, and a liquidity/currency dilemma.
You have a good job Oxy, yet you needed to rack up many multiples of your earnings in debt. The reason of course is that it was going to make them rich.
You have a good job Oxy, yet you needed to rack up many multiples of your earnings in debt.
But at such an absurdly low interest rate that it’s probably close to the cost of renting, with a mostly fixed cost and could be paid off in 12-14 more years.
One can make a subjective lifestyle argument against the above reality but not a very good math argument.
“is the Federal Reserve setting up a crisis?”
With all these defaults stacking up, isn’t the crisis already underway? Lending into default isn’t profitable.
Every English speaking Western country needs to get the Chinese out of their local Real Estate. If that involves raising rates and collapsing the house of Yuan, so be it. The collapse will occur by house prices declining in the Western countries and the Yuan being devalued.
“it’s probably close to the cost of renting,”
Probably Lola? Are you sure?
Calvinball
No plunge so far this AM. Crisis averted. Party on Garth.
USA spends billions dropping bombs on rocks. While China buys US real estate with fake Yuan….
Are you sure? Housing demand is at 20 year lows and China is collapsing.
Tyranny:
https://www.washingtonpost.com/politics/obama-to-unveil-new-gun-restrictions-slams-congress-for-inaction/2016/01/04/81d539e8-b2fb-11e5-a842-0feb51d1d124_story.html
Maybe I can smuggle a selfie stick into the gas chamber, that should go viral on Instagram
From Bloomberg:
“Research shows few of the guns bought from unlicensed dealers are sold directly to criminals. A study by the Justice Department found that just 0.7 percent of state prison inmates in 1997 had purchased their weapons at a gun show. By contrast, nearly 40 percent of inmates said they obtained the firearm used in their crime from family or friends, and 39 percent said they got the weapon from an illegal street source.
That’s supported by a study released last year by researchers at the University of Chicago and Duke University, who surveyed inmates at Chicago’s Cook County jail. They found that it was rare for criminal offenders to obtain guns through formal channels, with just one in 10 saying they had purchased the weapon at a gun store or pawn shop. Some 70 percent said they instead got their weapons through friends, family, or street connections, and that weapons had regularly passed through multiple owners.”
And remember kidz, as Ice Cube once wisely said:
“What they do?
Gonna ban the AK
My sh*t wasn’t registered
Any f*ing way”
MOLON LABE
Where do their friends, family, and street connections get the guns?
Legally, at a store, after passing background checks. Then they are stolen or sold to the crooks.
Nope. Most of their family and friends have rap sheets as well and thus can’t buy guns either.
Any gangsta worth his salt was in jail while a fetus.
In Arizona, a background check is done to purchase a gun from a dealer. However, private party sales are completely unregulated and those include the “gun show loophole”. So a criminal can buy a gun in a private party transaction and it’s perfectly legal. They may not be allowed to own one, but that’s a different story.
Honestly, both sides of this debate are generally misinformed. No one seems to actually know what an “assault weapon” is (hint: they’re illegal no matter how you acquire them). And it’s just common sense that if some gun transactions are going to require background checks that all transactions should require background checks. Making background checks dependent on who you buy the gun from is asinine. Either do them or don’t do them.
It’s a debate worth having, but both sides need to make arguments based on actual facts rather than misinformation and sound bites.
Do you know why all guns don’t require background checks?
Meanwhile, prosecutions for gun crimes were down 33% last year. Clearly the agenda isn’t “getting guns out of the hands of criminals,” but rather, disarming the law-abiding.
so i was right all along black people never go to gun shows yet 95% of their gun crimes is by illegal guns……hmm ohhbahma wadda you say to that?
Where’d you come up with that? Do gun shows have big signs out front reading “Whites Only!” ?
mike just search google for pictures of gun shows….nary a minority…….maybe in rural Mississippi or Louisiana but look..even trayvon had a gun……he didn’t buy it legally
Trayvon had a gun? I didn’t know that. I wonder why he didn’t use it to defend himself.
Didn’t have it with him—guess he should have gotten his concealed-carry!
deport them all to Africa!! Unless they graduate college.
Haha, everyone’s favorite racist unemployed DJ chimes in!
‘Haha, everyone’s favorite racist unemployed DJ chimes in!’
But he is our racist DJ. Let other blogs get their own. BTW, not sure if you been around here long.
Maybe I can smuggle a selfie stick into the gas chamber, that should go viral on Instagram
The fight against tyranny is being waged by your compatriots right now, at a bird sanctuary.
It’s Go Time. Why haven’t you gone? Was it all just cloud talk?
Ben Mezrich, writing about Lubyanka Prison:
“There was an old joke that he had often heard — that this had once been the tallest building in Russia, because you could see Siberia from its basement”
So it was all cloud talk.
They’re tweeting about being low on snacks, and ask that. You send some via USPS. Not making this up.
The revolution has begun, and it is hilarious.
Wait, do you have a link for that? These homegrown militias are almost always survivalists/preppers. No way would they run low on snacks after a few days. Even *my* paltry stash of powdered food would last longer than that.
http://i100.independent.co.uk/article/oregon-terrorists-dont-plan-siege-very-well-put-out-plea-for-snacks-and-supplies–ZJglh9sRjx
Strange but true. The tweet is about halfway down the page.
The mocking is relentless…Y’allQueda…VanillaISIS…LOL!
I can see why the feds aren’t all that interested. These clowns are likely to accidentaly shoot each other if left alone long enough.
Send supplies and snacks to a general mailbox in Burns? Oh my gawd that’s awesome.
Best response tweet: “Wait… They’re anti-government yet they want to use the USPS? This calls for a *facepalm*”
To paraphrase Charlie Daniels’ “Uneasy Rider”:
These are fairly dangerous men.
Tweety Bird sanctuary.
Are you braced for an early-2016 selloff?
Marketwatch dot com
U.S. stocks set to continue selloff as investors brace for ‘wild swings’
By Sara Sjolin
Published: Jan 5, 2016 5:53 a.m. ET
China’s surprise cash injections fail to soothe markets
Dean Treml/Red Bull via Getty Images
U.S. stocks are set to continue their fall
U.S. stock futures slumped on Tuesday, indicating another day of sharp losses ahead, after a surprise cash injection from China’s central bank failed to calm investors’ nerves.
Futures for the Dow Jones Industrial Average (YMH6, -0.69%) lost 127 points, or 0.7%, to 16,958, while those for the S&P 500 index (ESH6, -0.68%) dropped 15.35 points, or 0.8%, to 1,993.75. Futures for the Nasdaq 100 index (NQH6, -0.65%) fell 33.50 points, or 0.7%, to 4,471.
On Monday, all three benchmarks posted steep losses, with the S&P 500 (SPX, -1.53%) marking the worst start to a new year in more than a decade. The moves in the U.S. came after a steep fall in Chinese stocks prompted a halt to trading, sparking a selloff in global equities.
“The cause for the global meltdown in stock markets was attributed to concerns on global growth, highlighted by weaker than expected factory data from China and geopolitical tensions between Iran and Saudi Arabia,” said David Papier, sales trading team leader, at ETX Capital, in a note.
“Investors are bracing themselves for more wild swings given the uncertain global outlook for economic growth and interest rates,” he added.
…
“The Wall Street shysters and their mainstream media mouthpieces declare 2016 to be a rebound year, with stocks again delivering double digit returns. When haven’t they touted great future returns. They touted them in 2000 and 2007 too. No one earning their paycheck on Wall Street or on CNBC will point out the most obvious speculative bubble in history. John Hussman has been pointing it out for the last two years as the Fed created bubble has grown ever larger. Those still embracing the bubble will sit down to a banquet of consequences in 2016.
The pompous professionals inhabiting the gleaming skyscrapers in the NYC financial district are still arrogantly ignoring the imminent bust headed their way. The Fed juiced gains over the last six years will evaporate just as they did in 2007-2009. Cheerleading for and denying the existence of the bubble is a common them among those whose paycheck depends upon them doing so.
The reckless herd has been in control for the last few years, but their recklessness is going to get them slaughtered. Corporate profits are plunging. Labor participation continues to fall. A global recession is in progress. The strong U.S. dollar is crushing exports and profits of international corporations. Real household income remains stagnant, while healthcare, rent, home prices, education, and a myriad of other daily living expenses relentlessly rises. The world is a powder keg, with tensions rising ever higher in the Middle East, Ukraine, Europe, and China. The lessons of history scream for caution at this moment in time, not recklessness. 2016 will be a year of reckoning for the reckless herd.”
http://davidstockmanscontracorner.com/this-time-isnt-different/
For now, it seems the PPT hss the situation under control.
They sure worked their magic in the last half-hour of trading yesterday.
I’ll be skiing at Purgatory tomorrow (people with mortgages can’t ski there):
http://www.denverpost.com/business/ci_29309208/new-hands-owner-purgatory-is-returing-durango-ski
And here’s a pic of the Brown Cloud seen from 6th Avenue in Lakewood yesterday, downtown Denver is hiding behind all that yummy smog:
http://i.imgur.com/uZtdIKg.jpg
Region VIII
“And here’s a pic of…”
You look too close to the ground to be “roll’n coal.” And no crack in the windshield either. Where’s the cool factor?
You aren’t a real Coloradan if you don’t have a crack in your windshield.
except Palins
flippn it good
Are you like taking a month off? Waiting for spring planting or something?
He could pay for a crack shack with a leaky roof in SF just with credit cards!
—————————-
This Man Has 1,497 Credit Cards and Near-Perfect Credit Score
time.com/money | 1-4-2016 | Alexandra Mondalek
His wallet weighs 38 pounds.
Ever fumble through your wallet at a register, the cashier waiting patiently and people in line behind you less so, as you thumb a few different credit cards looking for the right one to pay for your purchase?
Imagine looking through nearly 1,500 of them.
Walter Cavanagh of Santa Clara, Calif. has earned the Guinness World Record title of “Mr. Plastic Fantastic” by keeping 1,497 credit cards in his name, amounting to a $1.7 million line of credit. Of course, Cavanagh doesn’t keep all of those credit cards handy at any given time.
Cavanagh, who was born in 1943, says his credit score is “nearly perfect,” and that he only uses one card that he pays off every month.
Credit cards are good for building credit and can help you apply for things like mortgages and loans (millennials: it’s time to hop on the bandwagon). Too much “new credit” can hurt your credit score, though, so you should avoid applying for several credit cards in a short time.
And if you’re using multiple credit cards, you should keep your “utilization ratio” (a comparison between your credit balance and spending limits) low — only about 10% of your spending limit.
How did he get all those annual fees waived?
And his credit limit is only $1136/card. Methinks he did it just to get the record.
I’ve often wondered why anyone would need more than one credit card. I guess I just don’t understand the borrow and spend philosophy.
IMO people should have a least two cards for practical reasons, in case one gets damaged, or gets rejected by a sensitive machine, or the store has only a chip reader, etc. Also it’s good to have the extra credit limit. A couple years ago, I had to stay at a hotel for several weeks. I would have used up my credit limit before I even received the monthly bill.
Exactly. I keep two cards for this reason. All it takes is for one case of “unusual account activity” to lock up your card (like you making a large purchase while away on vacation), and then you have to call them to explain that it was actually a valid purchase. Meanwhile, you are stuck at the checkout line trying to remember the PIN to your debit card . . .
It’s much worse when you go to Japan and don’t tell the credit card company in advance. Don’t ask me how I know this.
Sometimes I call ahead to my credit card companies and tell them where and when I will be on vacation, and have them add that to my file, so my cards don’t get suspended while I am on vacation.
Recently there was talk of Sweden moving to a cashless society. Astute observers noted the following:
1) Using a credit card is really asking for permission to buy something (it can be declined for any number of reasons).
2) Mandating a middleman between buyers and sellers is very, very profitable for the middleman.
Do landlords add a tax increase clause in contracts?
Last yr minus can make a big grab
Most apartment leases are 1 year, they can just jack the rent after that year.
A lot of commercial leases either pass through taxes directly (they are what they are, and the tenant reimburses the landlord), or the tenants pay increases in total expenses over a “base year”, and those expenses include property taxes.
American Exceptionalism:
“The number of uninsured Americans has fallen by an estimated 15 million since 2013, thanks largely to the Affordable Care Act. But a new survey, the first detailed study of Americans struggling with medical bills, shows that insurance often fails as a safety net. Health plans often require hundreds or thousands of dollars in out-of-pocket payments — sums that can create a cascade of financial troubles for the many households living paycheck to paycheck.
http://www.nytimes.com/2016/01/06/upshot/lost-jobs-houses-savings-even-insured-often-face-crushing-medical-debt.html
HD Plans are a joke.
Not only out of pocket, but also annual concierge fees. That’s what PCPs are going to. I figure specialists will go,that direction too. If I pay the concierge fee, that would be annually about $800 ore than I paid in insurance annually ten years ago. And the concierge fees are on top of insurance payments. If my company didn’t pay for my insurance I probably would be paying $500 per month.
Some PCPs are getting fed up dealing with insurance companies. Some are dealing with this by doing the concierge things. Others are selling their practices to companies like Banner Health and becoming employees. That’s what my PCP did. He now collects a salary and leaves the billing to Banner.
Trumps getting a twofer today. Obama gun control measures 1) make Dems look like the gun grabbers they are and 2) are also weak and ineffectual.
Wait til those executive orders come rocketing off of Trumps desk.
Obama is a dictator, he would murder millions to serve his globalist masters
As the sheeple wake up to the reality that we have lunatic Keynesians controlling our money issuance and monetary policy, the flight to quality (i.e. precious metals) will be epic.
http://wolfstreet.com/2016/01/04/gold-silver-betting-on-deflation-may-be-a-huge-mistake/
The Empire Tightens Its Grip
http://picpaste.com/sheldon_of_the_empire.jpg
We’ll have to see how the public reacts. Apparently, Americans are roughly evenly split when asked generic questions about gun control, but strongly support some specific proposals.
Quinnipiac University. Dec. 16-20, 2015. N=1,140 registered voters nationwide. Margin of error ± 2.9.
“Do you support or oppose stricter gun laws in the United States?”
Support: 47%
Oppose: 50%
Unsure/No answer: 3%
“Would you support or oppose a law requiring background checks on people buying guns at gun shows or online?”
Support: 89%
Oppose: 9%
Unsure/No answer: 2%
“Do you support or oppose a nationwide ban on the sale of assault weapons?”
Support: 58%
Oppose: 38%
Unsure/No answer: 4%
“As you may know, individuals on the U.S. government’s terrorist watch list are not allowed to fly on planes. Would you support or oppose banning those on the U.S. government’s terrorist watch list from purchasing guns?”
Support: 83%
Oppose: 13%
Unsure/No answer: 4%
http://pollingreport.com/guns.htm
We’ll have to see
The 2nd Amendment isn’t the product of a focus group, MikeyMite
Why don’t you throw in some “that’s not who we are” King Obama quotes while you’re at it since you’re clocking the dayshift at the Southern Poverty Law Center
The 2nd Amendment isn’t the product of a focus group
What was it the product of?
Why don’t you curl up in your pillow fort safe space with some Howard Zinn books and report back to the HBB with what we’re supposed to think it was a product of?
OK: The 2nd amendment was the product of a 17th century focus group.
It wasn’t divinely written in the wind.
Traditional Common Law.
It is every citizen’s right and responsibility to maintain the ability for self defense, from criminals, invaders and in fact the government.
It was the result of experience with gun grabbers, just like now.
Traditional Common Law.
That was the Federalists’ argument. No need for a bill of rights, no need for a 2nd amendment, it’s all common law and/or follows from the unamended Constitution.
The anti-federalists demanded a focus group.
It doesn’t need a label or an argument. Free people need to be ready and able to defend their freedom. It is natural.
Are revolutions “focus groups”?
Are revolutions “focus groups”?
They become them when it’s time to write the Constitution.
People who actually do things do not use sissy words like those.
sissy words
Would you prefer an ad hoc committee?
Does it sound more…revolutionary?
“People who actually do things do not use sissy words like those.”
King George III after reading the Declaration of Independence
I was referring to the assertion that Trump will benefit from Obama’s plans.
I also heard Rush Limbaugh complaining about “that’s not who we are” yesterday. I couldn’t figure out what he was getting at, what the problem was. Maybe it’s a whole delegitimization thing. How dare that Kenyan tell us who we are!
Big losing issue for the Ds. Keep it up!
Big losing issue for the Ds.
It’s one of those issues where, if you only read your own personalized media, you might think it’s a big loser for the Dems. If you actually lower yourself to engaging with reality, you’ll find otherwise.
Nope, they avoid it like the plague becuase they are grabbers at heart. The progressive lie always.
Reality viewed through a spittle covered screen pointed at worldnutdaily.com.
“We’ll have to see how the public reacts”
Only 2% Support ‘Gun Control’ As Top Issue in U.S., Despite Obama’s Push
In comparison, 16% of Americans said the government was the nation’s biggest problem
Kit Daniels | Infowars.com - January 4, 2016 297 Comments
While President Obama attempts to enact gun control via executive action, a new Gallup poll shows that only 2% of Americans believe “guns/gun control” is among the country’s top problems.
Gallup asked about 1,000 Americans in all 50 states what they thought the nation’s top problems were in 2015, and out of 23 problems mentioned by Americans, “guns/gun control” ranked near the bottom at 19th.
In comparison, 16% of Americans said the government was the nation’s biggest issue, 13% said the economy, 8% said unemployment and 8% said immigration.
“Rounding out the top 10 were a constellation of problems each averaging 5%, including ethical/moral decline, race relations/racism, terrorism, the federal budget deficit or debt and education,” Gallup reported.
But rather than working on these hot-button issues, both President Obama and the mainstream media would rather focus on gun control, with the president even stating he wants “to make gun control part of his legacy,” according to CNN.
It sounds unlikely that the president will lose support because Americans think that he should spend his time on other issues. But we’ll know the answer to that shortly.
Too bad MM. My guns will be “lost in a boating accident” before they get to me. Same for tens of millions of others. My guns are with me to defend against tyranny mostly. Being in OC I am relatively safe from thugs that are not in the organized crime group known as government.
Have you about these new executive orders? Do they apply to you? Also, don’t you claim that we’re already living under tyranny?
Next time you go into a law library, take a look at how many criminal and civil laws there are. Then decide whether you are going to follow every one of them…or not.
That’s not really an answer to the question. You’re gun is not enabling you to ignore the law.
You’ll have to report your gun as lost or stolen then, according to the new rules. We’ll have to read the fine print on that one. I wouldn’t be surprised if legal gun owners are put on the hook for any crime committed with their gun, even if stolen.
All of this just makes it harder for good, law-abiding citizens to have guns, and has ZERO EFFECT on criminals who follow no laws anyway.
The bad guys are winning.
A gun-free zone is about as effective as the war on drugs.
All of this just makes it harder for good, law-abiding citizens to carelessly lose their deadly weapon like a doofus, then not report it like an irresponsible child, only to have a criminal shoot someone with it and god forbid, then bear some responsibility for being an irresponsible doofus who loses and doesn’t report his lost deadly weapon.
I guess the Right’s “personal responsibility” thing doesn’t apply to deadly firearms most of which are bought nowadays designed to kill people.
Wow.
” . . . which are bought nowadays designed to kill people.”
Seriously dude? Following the progressive script much?
Try to stick with the facts.
By implication, there must have been a time in history when guns were designed _not_ to kill people?? When was that, pray tell?
Seriously dude? Following the progressive script much?
Try to stick with the facts.
Facts are neither progressive nor conservative. Check out the most popular guns sold the past 5 years. What are they for?
good luck fighting off the tanks and air strikes.
We Can Be Heroes…. in our minds while sitting in traffic on the 405.
We can be heros….just for one day.
https://www.youtube.com/watch?v=Tgcc5V9Hu3g
full auto - illegal since 1933?
if you r too stupid to know what an assault weapon is no vote 4 u
+1
On one hand “we need the strongest military possible in the US”
On the other, “i need my guns to fight that military. ”
gop at it’s finest hour
Sheldon Adelson purchases a narrative:
http://www.huffingtonpost.com/entry/las-vegas-review-journal-staff-disclosure-adelson_568ad868e4b0b958f65c7801
If you are an American citizen and you live in America, why would you let yourself be governed by the Likud Party of Israel?
National sovereignty doesn’t matter to Christian Zionists, because Rapture
William Kristol provides a narrative:
http://www.weeklystandard.com/obama-sides-with-iran-again/article/2000417
It’s gonna take alot of dead goyim to Secure that Realm, LOLZ
Picked up a copy of “Return to Zion: The History of Modern Israel” by Eric Gartman to read while I’m on the road, as a complement to “Empire of Fear: Inside the Islamic State” by Andrew Hosken
American taxpayers need to just wash their hands of the entire Middle East, forever
“National sovereignty doesn’t matter to Christian Zionists, because Rapture”
+1
Rich people are rich because they solve difficult problems. You must learn to thrive on problems
Rich people are rich because rich people are able to convince huge numbers of ignorant dumbed-down schmucks to willingly, relentlessly, regularly, and eagerly send huge chunks of their hard-earned money up the food chain to the rich people.
Hard work is a core American value. The dole must go.
Hard work is a core American value.
Then why do we tax labor income at higher rates than investment income?
Because socialism!
No one on the dole pays any taxes. They get extra from EITC.
But workers pay higher rates than investors. If hard work is a core American value, don’t you think we should change that?
Nonsense! Being given money because you have money is a core American value.
No one on the dole pays any taxes. They get extra from EITC.
What’s interesting is that the same sort of people who write things like this also love to list all of the different kinds of taxes that they have to pay - sales taxes, excise taxes, property taxes, blah, blah, blah.
Snowflake,
You want to pay more for necessities?
You’re missing the point.
You’re backpedalling from the question.
Sometimes people ignore you and your dopey questions because they’re lame. It’s not necessarily backpedaling.
You’re ducking.
Donald is rich because his daddy made a lot of money and he inherited it.
And how did dear old dad make his money?
Slumlord.
What year did Trump’s dad die? How much was Trump worth then already?
Do your own research, you seem to have plenty of time.
That’s what rent-free in your head results in. Plenty of time.
“The basic rule is that the outside of any building over 30 metres – which is as high as any fire-truck ladder can reach – must be made of non-combustible materials because you cannot fight the fire. Large numbers of buildings in the UAE do not meet that standard,”
“The fire - the third major skyscraper fire in Dubai since 2012 – has raised renewed fears about the use of highly combustible materials on the exterior facades of hundreds of skyscrapers throughout the UAE.”
http://www.telegraph.co.uk/news/worldnews/middleeast/dubai/12076792/Dubai-skyscraper-fire-new-years-eve-2015-live.html
Just proving to support Skye’s first law of accident investigation: Stoopid never travels alone.
And built by slave labor…
Germans voted for the globalist, multiculturalist Frau Merkel. Now they’re getting exactly what they voted for.
http://www.telegraph.co.uk/news/worldnews/europe/germany/12082366/German-women-report-string-of-sexual-assaults-by-Arab-and-North-African-men.html
Geez, I was just about to post this and you beat me to it. The gropees should take to social media and demand “safe spaces”.
All kidding aside, this really stinks.
Look on the bright side. At least the women back in those Arab countries are a little safer.
Mega LOLZ if all of these migrants marched on Davos while the pigmen were having their pigparty there
Globalists gonna globe
They wouldn’t even let them into Switzerland. Interesting that the Masters of the Universe hold their pow wow in non EU Switzerland.
Open borders and executive orders. Not fiscally conservative.
Funny how the MSM acknowledges China’s markets are rigged, but say nothing about our own rigged, broken, manipulated markets.
http://www.marketwatch.com/story/chinas-rigged-markets-could-fall-much-further-much-faster-2016-01-04?dist=beforebell
“In summary, all of the above factors now mean that it is more difficult than ever before for us to accurately forecast macroeconomic and corporate variables. This pushes up our cost of capital and substantially increases the risk of us suffering substantial capital loss on individual positions either because of a forecast error or simply because we could be caught up in an erroneous market trend, which could then persist for far longer than we could take the pain. This has made what we enjoy most – the thrill of analysing economic data releases and company accounts – no longer enjoyable. It is therefore time to accept that what we have done has worked brilliantly for twenty years but does not work anymore and move on. We are confident our process will eventually work again – for the laws of economics will never be repealed – but for now they are suspended and may be for some time; an indefinite period involving indeterminate levels of risk during which we think it would be wrong for us to be the stewards of your money.”
http://www.zerohedge.com/news/2016-01-05/why-15-billion-nevsky-capital-shutting-down-full-letter
Thanks, Obama: Highest Earners’ Tax Rates Rose Sharply in 2013
Data released by the I.R.S. on Wednesday shows that tax rates on the income of America’s 400 wealthiest taxpayers rose sharply to 22.9 percent in 2013, erasing a majority of the last two decades’ decline in their effective tax rate.
As described in an article in The New York Times on Wednesday, tax rates on America’s 400 wealthiest taxpayers fell sharply from the late 1990s through 2012, when their average effective income tax rate fell to 16.7 percent from 26.4 percent.
The reason behind the reversal is instructive. Broadly, if tax shelters are a problem, there are two ways to fix it. One is to outlaw them. The other way is to change the tax rate rules, so money inside the shelter is not treated so differently from money outside the shelter.
The spike in the wealthiest people’s tax rates was mostly achieved the second way, and mostly through initiatives from President Obama. Two laws that he championed became effective in 2013, raising tax rates on high earners and limiting the value of tax deductions they are entitled to take.
http://www.nytimes.com/2015/12/31/upshot/thanks-obama-highest-earners-tax-rates-rose-sharply-in-2013.html?ref=topics&_r=0
Give me my 90 percent! Lola needs it for surgery.
“Give me my 90 percent! Lola needs it for surgery.”
That surgery is already covered in the if you like your doctor you can keep your doctor call it the stupidity of the American voter thing.
“Thanks, Obama:”
Hmm…Their tax rates may have gone up but are they paying them?
Yes, that’s what’s meant when the term “effective tax rates” is used.
+1
I’m paying 35%. Those poor babies.
Total tax liability divided by your gross income? They’re talking effective rates, not marginal rates.
28 total
“Thanks, Obama:”
For the Wealthiest, a Private Tax System That Saves Them Billions
The very richest are able to quietly shape tax policy that will allow them to shield billions in income.
By NOAM SCHEIBER and PATRICIA COHENDEC. 29, 2015
WASHINGTON — The hedge fund magnates Daniel S. Loeb, Louis Moore Bacon and Steven A. Cohen have much in common. They have managed billions of dollars in capital, earning vast fortunes. They have invested large sums in art — and millions more in political candidates.
Moreover, each has exploited an esoteric tax loophole that saved them millions in taxes. The trick? Route the money to Bermuda and back.
With inequality at its highest levels in nearly a century and public debate rising over whether the government should respond to it through higher taxes on the wealthy, the very richest Americans have financed a sophisticated and astonishingly effective apparatus for shielding their fortunes. Some call it the “income defense industry,” consisting of a high-priced phalanx of lawyers, estate planners, lobbyists and anti-tax activists who exploit and defend a dizzying array of tax maneuvers, virtually none of them available to taxpayers of more modest means.
In recent years, this apparatus has become one of the most powerful avenues of influence for wealthy Americans of all political stripes, including Mr. Loeb and Mr. Cohen, who give heavily to Republicans, and the liberal billionaire George Soros, who has called for higher levies on the rich while at the same time using tax loopholes to bolster his own fortune.
All are among a small group providing much of the early cash for the 2016 presidential campaign.
“The very richest are able to quietly shape tax policy that will allow them to shield billions in income.”
“the liberal billionaire George Soros, who has called for higher levies on the rich while at the same time using tax loopholes to bolster his own fortune.”
You would think George Soros could do better than the Jelly of the Month Club “The gift that keeps on giving all year!”… and the perfect Christmas bonus! for our Mighty under appreciated paid poster when you take this into consideration.
Will China be the first Ponzi market to implode in 2016?
http://www.zerohedge.com/news/2016-01-05/stocks-resume-rout-after-massive-chinese-intervention-fails-lift-shanghai-calm-trade
u have to feel real confident in the value of your stocks when they are constantly propped up by intervention. This is not capitalism. This will further erode people confidence in markets. Most already feel it is rigged as h@ll.
The Pineapples will soon be flocking to China to pay homage to their idol.
http://www.theguardian.com/world/2016/jan/05/giant-golden-chairman-mao-built-by-chinese-villagers
Gosh, never saw this coming….
http://www.independent.co.uk/news/world/americas/gun-sales-soar-as-americans-mass-buy-firearms-after-obama-calls-for-buying-restrictions-a6797466.html
Morons running up their credit cards to buy guns they will never use. Should be some good deals on Craigslist come summer time.
Hi Housing Analyst.
You are wrong as usual.
You can’t sell guns on Craigslist.
But thanks for playing!
Each new Obama “gun control” initiative pushes gun sales to stratospheric new heights. Wait until Hillary goes to work trying to carry out George Soros’ agenda….
http://www.businessinsider.com/smith-and-wesson-raises-guidance-2016-1
George Soros’ agenda
Hitler killed 6 million and Stalin killed 20 million, how many would Soros/Obama/Hillary murder if they could get away with it?
Forward
“Hitler killed 6 million”
It was more like eleven million if you are referring to the death camps.
“Hitler killed 6 million” It was more like eleven million if you are referring to the death camps.
Some figure Hitler’s Nazi’s were responsible for around 30 million total deaths including civilians.
Obama/Hillary/Trump/Bush
It’s not just them. We all elect these Bozos. We can elect anyone we want and this is what we choose. If you vote(d) for any of these you are choosing war. Also if you are too lazy or detached to even vote at all.
If you vote(d) for any of these you are choosing war.
Then walk your talk. If you feel so strongly about this issue support Sanders.
Sanders warns U.S. against ‘quagmire’ of ‘perpetual warfare’ in Mideast for 20, 30 years
http://mondoweiss.net/2015/12/quagmire-perpetual-warfare#sthash.kfMNfFuY.dpuf
Anyone hoping for a more realist U.S. foreign policy had to be buoyed by Senator Bernie Sanders’s performance in the New Hampshire debate last night. He said that the United States should stay out of the “quagmire” of “perpetual war” in the Middle East. He called out Hillary Clinton for backing “regime change” that just fosters turmoil. He said that Assad must stay in Syria. And he mentioned great interventionist foreign policy mistakes, from removing Saddam Hussein in Iraq to toppling Allende in Chile in 1973 to removing Mohammed Mossadegh as Iranian Prime Minister in 1953.
Barneys a fraud and a shill who blocked a fed audit.
Barney Saunders is pro-debt slavery.
What’s China talking about:
My Chinese relatives report that, as of today, that the gossip going around Chinese social media is that big changes are coming to China this year. The changes are not political, but economic and include:
“changes in inventory” (i.e. major downsizing of inventory)
“changes to state enterprises” (more downsizing)
“changes to business” (yep, more downsizing)
My in-laws were asking once a month to transfer money out of China. Then it was every week (after Summer devaluation). Since December, it is every other day.
Also, on Chinese social media: a quote from Deng Xiaoping saying that is Capital countries can have a stock market then Socialist countries can have a stock market. Oh, he also said (in case it causes problems) they can always shut it down…a reference to Monday’s circuit breaker trips.
That’s the latest for now.
Stolen money is always hot until the perps are jailed.
Debts cannot be serviced in a downsizing.
China has a big Monkey on its back in 2016.
Debts cannot be serviced in a downsizing.
Internal debt can if you devalue your currency and lower your interest rates.
Which simply collapses demand Lola.
Why don’t they just set up a few Bitcoin accounts and shift Bitcoin to a public address of some NJ dude for safekeeping til they arrive in ‘Murica?
I’m the No. 1 developer in New York, I’m the biggest in Atlantic City, and maybe we’ll keep it that way.
You are a master salesman. How else could a real estate huxter become the champion of so many on a housing bubble blog?
Mr. Trump. You are a superb statesman with a squad of sexy strumpets.
You ruined Atlantic City.
And depreciating houses ruined you.
The theftocrats will loot my 401k and municipal bonds before they try getting past my rifle to take gold. They are not even thinking of gold.
http://www.zerohedge.com/news/2016-01-05/drain-continues-us-exports-more-gold-hong-kong-it-produces
ore they try getting past my rifle to take gold.
Bill, I’m confused by that statement; you’ve said repeatedly here that you store your rifle in AZ, but you are living and working in CA. So how will you even be able to use your rifle when they come for your gold?
Not trying to be hard on you the past couple of days, but recently your rants are sounding less and less grounded in reality.
Keep the Feds out of my National Parks.
LOL!!
“you’ve said repeatedly here that you store your rifle in AZ, but you are living and working in CA”
He has admitted to committing “victimless crimes.” Did you think it was smoking dope or gambling or patronizing hookers?
Did you think it was smoking dope or gambling or patronizing hookers?
I suspect Bill is WAY too into health to smoke dope.
But he has ranted here on many occasions about the ridiculousness of the sex-trade being illegal, so: yes, probably, on the patronizing (ahem) “ladies of the evening”—but only when he’s traveling to Canada where it is legal, of course.
“A Perfect Storm Is Coming Deutsche Warns As Baltic Dry Falls To New Record Low”
http://www.zerohedge.com/news/2016-01-05/perfect-storm-coming-deutsche-warns-baltic-dry-falls-new-record-low
Remember….. nothing accelerates the economy and raises the standard of living like falling prices to dramatically lower and more affordable levels…… Nothing.
I wonder how many shipping containers it takes to keep dollar stores supplied?
With shelves overflowing and warehouse stockpiled to the roof, what does it matter?
Consistent bad calls is one thing u have going.
According to my corner of the business universe, he is calling it exactly right. Sales of factory goods are falling off a cliff. Inventory is dangerously high. We built inventory during the echo boom because we were missing on deliveries. Now the boom is rolling over. It is a problem.
Aside from being a debt donkey cart pulling specuvestor, how does Azdude make his living?
Data Poet data…
Frisco, TX Housing Prices Crater 11% YoY
http://www.movoto.com/frisco-tx/market-trends/
the monday morning qb’s have arrived.
crushing.housing.losses.
MAKE ME SOME MONEY!
CRATER!
Buckle up.
Santa Barbara County, CA Housing Prices Crater 9% YoY
http://www.zillow.com/santa-barbara-county-ca/home-values/
The median home value in Santa Barbara County is $542,600. Santa Barbara County home values have gone up 3.3% over the past year and Zillow predicts they will rise 2.8% within the next year.
You cant keep a good house down for long.
Value doesn’t mean much when prices are falling.
Down 9% in 2015. 15% in 2016? 25%?
home values have gone up 3.3%
try to read your link slowly Mafia-aci
SB has some of the highest rental rates in the USA. Americas super wealthy call it home for a reason. supply and demand for perfect weather, clean air and scenery…
Living indoors 4 mos a yr is expensive
“Values” don’t mean much when prices have fallen and still falling.
Firearms-Control Legislation and Policy: Norway *
Summary
The purchase, possession, and use of firearms are tightly controlled in Norway, whose laws and regulations were made more stringent with amendments to the Firearms Act in 2009 and the adoption of new Firearms Regulations in that year. Permission to acquire a firearm must be obtained from the local police chief and is limited to persons of “sober habits” who have reasonable grounds for having a weapon. Fully automatic weapons, some semiautomatic weapons, and firearms disguised as other objects are banned under the law. Certain types of weapons not covered by the Firearms Act’s definition of firearms, such as stun guns, are also generally banned. In addition, the National Police Directorate may issue regulations prohibiting the acquisition, ownership, or possession of firearms deemed through their design or operation to be especially dangerous or inappropriate for use.
There are also legal provisions, among others, on the licensing of firearms dealers and exporter/importers, the maintenance of a central firearms register, and the mandatory safe storage of firearms. The police have the authority to conduct inspections of privately stored firearms, after notifying the owner.
Nearly 10% of Norway’s populace own firearms, which are used chiefly for hunting purposes. The gun laws were apparently not extensively amended in the aftermath of the 2011 massacre in Oslo and on a nearby island in which seventy-seven people were killed, chiefly through the use of firearms; however, the country’s Mental Health Act has been revised to include a new chapter on enhanced security in institutions that accommodate the severely mentally ill or persons at risk for serious violent behavior.
http://www.loc.gov/law/help/firearms-control/norway.php - 75k -
——————————————————————————–
Norway: Oslo Police — “We Have Lost the City”
“Grønland is more Muslim than Morocco.” And Europe is bringing in millions more.
Pamela Geller - January 5, 2016 151 Comments
Norway: Oslo Police: “We Have Lost the City” By Poqari News, December 31, 2015 (thanks to Kenny):
The article below is about the apocalyptic level of culturally-enriched violence in Grønland, a district of the city of Oslo.
Grønland is only two subway stops from the Parliament, and one from the Central Station, fairly close to the government offices that were bombed by Breivik.
It looks like Karachi, Basra, and Mogadishu all rolled into one. People sell drugs openly just next to the Grønland subway station.
It’s not Norway or Europe anymore, except when there is welfare money to be collected. The police have largely given up. Early in 2010 Aftenposten stated that there are sharia patrols in this area, and gay couples are assaulted and chased away. “Immigrant Fatima Tetouani says that ‘Grønland is more Muslim than Morocco.’”
Readers should remember that Aftenposten, which is the largest newspaper in the Oslo region, is normally pro-Islamic and very Multicultural.
Robbery-Victim no. 351, Grønland
Sturla Nøstvik (36) did not suspect any danger when the barrel of a pistol was smashed into his forehead. That was the beginning of fifty minutes of hell as a hostage of the robbers.
The women are being raped at night in Oslo, and the men are robbed more than ever.
In just the past ten years more than 4,000 people have been robbed in the town center and the area of the Grønland police station [an immigrant ghetto]. Most of them are young men. Sturla Nøstvik is robbery-victim 351 from Grønland just from this year, the same period in which around fifty assault-rapes have been reported in Oslo. The robbers play on fear, violence, and severe threats that leave a mark on the victims. Police superintendent Inge Sundeng in Grønland describes them as the “somewhat-forgotten victims”.
The police visited Sturla Nøstvik in the emergency room after the robbery. They told Nøstvik that a gang of robbers had committed many similar robberies in Grünerløkka and surrounding areas in thee past weeks. They told him that everybody should have the right to feel safe, but that they had no way of halting the robberies. “We have lost the city,” they said…
That’s unpossible, you need to watch the 2014 Super Bowl Coke commercial again:
https://www.youtube.com/watch?v=RiMMpFcy-HU
Good intentions and the road to hell…
This is what Norwegians voted for.
Nothing fattens your wallet like falling prices……. Nothing.
“Oil Tumbles After Saudis Slash Prices To Europe”
http://www.zerohedge.com/news/2016-01-05/oil-tumbles-after-saudis-slash-prices-europe
The Wall Street Journal
Markets Commodities Oil Markets
Bearish U.S., China Data Push Oil to Two-Week Lows
Worries about oversupply continue to dominate despite rising Middle East tensions
By Timothy Puko And
Kevin Baxter
Updated Jan. 5, 2016 3:15 p.m. ET
Oil prices fell to two-week lows after a round of bearish economic data out of the U.S. and China raised questions about demand for crude in an oversupplied market.
Light, sweet crude for February delivery fell 79 cents, or 2.1%, to $35.97 a barrel on the New York Mercantile Exchange. Brent, the global benchmark, fell 80 cents, or 2.1%, to $36.42 a barrel on ICE Futures Europe.
On Monday, oil fell on the back of weaker-than-expected Chinese manufacturing data and U.S. factory orders. Those numbers continued to put pressure on crude on Tuesday.
Oil traders have been watching Chinese markets especially closely in recent weeks since the U.S. Federal Reserve’s decision to raise interest rates. That has helped fuel gains in the dollar and declines in emerging-market currencies, reminding traders about this past summer when oil took massive losses because of plummeting equities and a surprise currency devaluation in China, the world’s second-largest oil consumer. If the Chinese economy isn’t healthy, oil consumption may not grow enough to help resolve a world-wide glut of crude.
“China uncertainty reinforces already palpable oil-market demand concerns,” investment bank Tudor, Pickering, Holt & Co. said in a note.
…
Trump To Hillary: If Guns Don’t Keep You Safe, Disarm Your Bodyguards
UPI | Ed Adamczyk - January 5, 2016 95 Comments
Republican presidential candidate Donald Trump challenged Democratic candidate Hillary Clinton to travel without armed bodyguards to prove that guns don’t keep people safe.
“Hillary said that guns don’t keep you safe. If she really believes that she should demand that her heavily armed bodyguards quickly disarm!” Trump said Sunday in a Twitter post.
As a former First Lady and now as a presidential candidate, Clinton has had the protection of armed Secret Service guards.
President Barack Obama is expected to issue executive orders this week to place more restrictions on gun sellers. Trump has said if elected president he would immediately veto or “unsign” any executive action on guns that violated the Second Amendment to the U.S. Constitution.
“unsign” any executive action on guns
Does that involve using White Out?
Racist talk
Broken logic that appeals to morons.
How is the logic broken?
If the security detail is disarmed, does that magically disarm the heavily armed loons wandering around with a hardon for Hillary?
Oh, so you’re saying that if you had a magic wand that would instantly disarm _everyone_, then what Hillary said would become true?
Meanwhile, back here in the real world…
As I said, the logic is broken. You appear to get it.
So to paraphrase your position: being armed is a perfectly reasonable way to counteract the fact that you are surrounded by armed crazies.
I concur.
You certainly don’t understand logical deduction. Do you have one of those “do you want fries with that”, feel-good degrees?
Aww… I huwt your feewings didnt I?
Don’t backpedal Russ.
2banana’s Rule:
Conservatives are more than happy to live under the same laws and taxes they want for everyone else.
Liberals/progressives expect to be exempted from the same laws and taxes they want for everyone else.
The Central Scruitinizer’s law: 2Banana is lackwit with delusions of grandeur.
Stick with depreciating assets like houses and falling prices Russ.
Conservatives are more than happy to live under the same laws and taxes they want for everyone else.
Because they walk the walk.
5 Taxpayer Handouts the Bundys Receive While Railing Against Government “Tyranny”
Amanda Girard | January 5, 2016
http://www.drudge.com/news/194613/5-govr-handouts-patriots-receive
Nearly every part of the Bundy family’s business is funded by government welfare programs.
The armed militiamen currently occupying the Malheur Wildlife Refuge in Oregon have attempted to portray an image of themselves as rugged, independent Americans rejecting government interference in their businesses. But nearly every part of their existence as ranchers is made possible by government welfare programs — even the building they’re depending on for shelter from the cold was built by federal tax dollars as part of the New Deal program. Here are just a few ways taxpayers are subsidizing the livelihoods of cattle ranchers like the Bundy family:
As long as those laws favor them and not others they are more than happy to live under them “with everyone else”.
“Conservative” farmers expect to benefit from subsidies that I will never get because I didn’t inherit a farm.
Fortune 500 companies get to pay zero income tax thanks to tax breaks and loopholes given to them by “conservative” lawmakers, loopholes which the average Joe does not qualify for.
Yeah, “conservatives” believe in a level playing field.
Here is another one for 2B’s ILLANNOY file……
http://www.bizjournals.com/stlouis/morning_call/2016/01/no-tax-refunds-in-illinois-until-march-1.html
Why don’t I believe them?
———–
Horstman said the delays are not related to the state’s budget impasse.
You gotta live here to understand what it is like here.
IL::Same reason I don’t move to Somalia.
Somalia or California. A distinction without a difference give the poverty in both locations.
California The Welfare Capital Of The US
http://www.sandiegouniontribune.com/news/2012/jul/28/welfare-capital-of-the-us/
Same reason I don’t move to Somalia.
You’re gonna miss the boom.
Somalia housing boom as Mogadishu emerges from ashes of war
http://www.dailymail.co.uk/wires/afp/article-3382523/Somalia-housing-boom-Mogadishu-emerges-ashes-war.html
Somalia’s elegant colonial villas were left in ruins by two decades of street fighting among warlords, and the seaside capital Mogadishu was dubbed the most dangerous city in the world.
But now new housing estates are being built amid an economic boom as diaspora Somalis return and newly wealthy businessmen capitalise on the relative peace in the city.
Some seven kilometres (four miles) outside Mogadishu in a formerly largely rural area, new homes are springing up, with almost 50 houses now ready on an estate, builders say.
Be like Oprah
Has the sushi bubble burst?
News
80-year-old Tokyo fish market holds final New Year auction
By ELAINE KURTENBACH AP Business Writer | 2:52 a.m. Jan. 4, 2016
TOKYO (AP) — It’s among the biggest of Japan’s many New Year holiday rituals: Early on Tuesday, a huge, glistening tuna was auctioned for about 14 million Japanese yen ($118,000) at Tokyo’s 80-year-old Tsukiji market. Next year, if all goes as planned, the tradition won’t be quite the same.
The world’s biggest and most famous fish and seafood market is due to move in November to a massive complex further south in Tokyo Bay, making way for redevelopment of the prime slice of downtown real estate.
…
Sushi restaurateur Kiyoshi Kimura has prevailed in most of the recent new year auctions, and he did so again this year in the bidding for a 200-kilogram (440-pound) tuna.
In 2013, a bidding war drove his record winning bid to 154.4 million yen (at today’s exchange rates about $1.3 million) for a 222-kilogram (490-pound) fish.
That drew complaints that prices had soared way out of line, and the winning price in 2014 was dramatically lower. Last year, a 180.4-kilogramme (380-pound) tuna caught off Japan’s northern region of Aomori fetched a winning bid of 4.51 million yen ($37,480).
…
I will be on Coast to Coast AM with George Noory from 12 midnight to 2 AM Central (10 PM to Midnight Pacific. And if you’re on the East Coast, you’re already so dad-gum smart you probably know the time already.
http://urbansurvival.com/coping-radio-appearance-tonight/
CraterRage Photo Of The Day
http://goo.gl/rsaNfd
“Visualizing Brazil’s Economic Decline In One “Straight-Line” Chart
http://www.zerohedge.com/news/2016-01-04/visualizing-brazils-economic-decline-one-straight-line-chart
Lola won’t be able to giveway that hillside fantasy shanty in the slums.
At any price, he’ll get more than he paid for it.
Funny how the press never mentions this…
And the ranchers in Oregon got a retroactive five years in prison for starting back fires on thier own property…
———
The sweetheart deal for Bill Clinton’s Orgy Island pal may be exposed and overturned
American Thinker | 01/05/2016 | Thomas Lifson
Tick, tick, tick…the highly suspicious deal that gave Bill Clinton’s billionaire buddy Jeffrey Epstein a slap on the wrist for paying underage girls for sex may finally be subjected to pubic scrutiny and even overturned, bringing with it the possibility of bargaining against real punishment in exchange for testimony against a bigger fish. This development is thanks to a court filing on the last day of 2015 that received only limited local publicity. More on that in a moment.
Shockingly, the deal that handed out token punishment to the statutory rapist has been hidden from the public and from the victims themselves:
Federal prosecutors in Florida intentionally kept underage victims of billionaire perv Jeffrey Epstein in the dark about his plea deal, newly unsealed court papers reveal.
The documents also show prosecutors wanted to keep the extent of Epstein’s alleged sex crimes away from a judge reviewing the deal.
“I will include our standard language regarding resolving all criminal liability and I will mention ‘co-conspirators,’ but I would prefer not to highlight for the judge all of the other crimes and all of the other persons that we could charge,” Assistant U.S. Attorney Marie Villafana wrote to Epstein’s lawyer in September 2007.
Another email shows she agreed to stop sending notifications about the non-prosecution deal to 34 underage girls Epstein allegedly sexually preyed upon after his lawyers complained.
The feds say they struck the deal in return for Epstein pleading to state charges involving a single victim.
Slap on the wrist does not begin to describe the leniency. Ace summarizes:
This plea involved the slap on the wrist sentence of 13 months – and he got to spend his waking hours at his Palm Beach mansion.
And the ranchers in Oregon got a retroactive five years in prison for starting back fires on thier own property…
That’s interesting how you use the word starting. This is from the conservative Cato people:
The 2006 fire was more questionable. A wildfire was burning on BLM land near the Hammond’s ranch, so to defend their land they lit a backfire on their own land. That would be standard procedure except, again, they didn’t tell anyone and when their fire crossed over onto federal land it endangered firefighters who the Hammonds apparently knew were located between the wildfire and their backfire. Due to severe fire hazards, the county had a no-burn rule which the Hammonds apparently violated, but this was hardly a terrorist act.
http://www.cato.org/blog/no-good-guys-west
Free Jon Corzine!
In 1934, after the death of President Hindenburg, Hitler gave himself the power (after the Enabling Act) to be a totalitarian regime, legally write laws, and rendered the parliament useless.
In 1938 Hitler passed the German Weapons Act, which only applied to the new qualified “citizen”. Under this law, which applied to all guns and ammunition, it was specifically prohibited for Jews to hold, manufacture, or deal in firearms or ammunition, while making it easier for those in the Nazi regime to acquire and transfer rifles, shotguns, and ammunition.
This law exempted holders of annual hunting permits, government workers, Nazi regime members, officials of the central government, states, and employees of the German railway from gun ownership restrictions. The legal age for purchasing firearms was lowered from 20 to 18 years of age, and permits were made valid for three years instead of one.
This act did not change the 1928 requirement for all gun manufacturers and dealers to maintain records with information about who purchased guns and the firearms’ serial numbers, which were to be delivered to a police authority yearly.
On November 11, 1938, the Minister of the Interior (Wilhelm Frick) promulgated the Regulations Against Jews’ Possession of Weapons which effectively deprived all Jews living in those locations of the right to own a firearm or any other weapon. Historian William Sheridan Allen noted that the Nazis also went house to house confiscating firearms, targeting “subversives”.
http://firearmtrainingstore.com/about-us/blog/did-hitler-ban-guns/
I have Jewish friends that don’t own guns=freaky
WPA is checking out due to a busy year ahead. I’ll leave it to the other left-leaning posters to banter with the neocons, tea party apologists, Trump followers and libertarians. Wishing good luck, good health and positive returns to all.
We don’t believe you.
Good luck to you WPA
And may the odds be ever in your favor.
So in other words, they have stopped paying you to post here.
Thanks for participating!
Would a paid shill come back to say goodbye after being canned? AQDan didn’t.
WPA is checking out due to a busy year ahead.
Come on!
Lola’s got too many mult accounts to keep track of. Tired of being smacked down in 5 different handles.
Have a good year, WPA.
Why does Obama allow this to happen?
For the Wealthiest, a Private Tax System That Saves Them Billions
By NOAM SCHEIBER and PATRICIA COHENDEC. 29, 2015
WASHINGTON — The hedge fund magnates Daniel S. Loeb, Louis Moore Bacon and Steven A. Cohen have much in common. They have managed billions of dollars in capital, earning vast fortunes. They have invested large sums in art — and millions more in political candidates.
Moreover, each has exploited an esoteric tax loophole that saved them millions in taxes. The trick? Route the money to Bermuda and back.
With inequality at its highest levels in nearly a century and public debate rising over whether the government should respond to it through higher taxes on the wealthy, the very richest Americans have financed a sophisticated and astonishingly effective apparatus for shielding their fortunes. Some call it the “income defense industry,” consisting of a high-priced phalanx of lawyers, estate planners, lobbyists and anti-tax activists who exploit and defend a dizzying array of tax maneuvers, virtually none of them available to taxpayers of more modest means.
In recent years, this apparatus has become one of the most powerful avenues of influence for wealthy Americans of all political stripes, including Mr. Loeb and Mr. Cohen, who give heavily to Republicans, and the liberal billionaire George Soros, who has called for higher levies on the rich while at the same time using tax loopholes to bolster his own fortune.
All are among a small group providing much of the early cash for the 2016 presidential campaign.
Hey there boyz and girlz:
40th energy co declaring bankruptcy…….
http://fuelfix.com/blog/2016/01/02/swift-energy-becomes-40th-north-american-driller-in-bankruptcy/
“There is a cult of ignorance in the United States, and there has always been. The strain of anti-intellectualism has been a constant thread winding its way through our political and cultural life, nurtured by the false notion that democracy means that ‘my ignorance is just as good as your knowledge.”
- Isaac Asimov
Then help the situation and hit the books Lola.
Past that, now I educate the monkeys. But some refuse to listen to the facts.
You have to learn facts before you teach them Lola.
be like water. way past that, grasshopper-aci.
Knowledge is thicker than water Lola. Get some.
Obama gonna git yer guns!
Oh noes! Better hock the camaro and stock up!
You mean hock the pickup truck
Well the truck runs, and is needed for trips to Walmart.
Duh! You meant the ‘75 Camaro on cinder blocks in the front yard. It’s gonna get a new engine and tranny one of these days.
Its all original parts, just has a little rust…
lol! gotta love the fear in their heads living rent free
What can be simpler or more accurately stated? The Mexican Government is forcing their most unwanted people into the United States. They are, in many cases, criminals, drug dealers, rapists, etc.
I don’t know if the Mexican government is “forcing” anyone to go to the USA (though the drug cartels are). But they are certainly relying on the USA as an escape valve for their surplus people.
white people in CA shy away from manual labor from what I have seen. I’m not sure who would do the work in the fields if latinos were not around? the price of labor would skyrocket.
A lot of the Mexican-bashers are willfully blind to how hard millions of migrants work and their contributions to our standard of living.
…and monkeys are flying out of your butt to make sweet love to your wig.
The Donald lives in many empty skulls, rent free……. including yours.
The better your chances of winning the Republican nomination, the worse the odds for the Republicans to win the election.
Go figure!
LOL. About the funniest post I’ve seen lately: A guy arguing online with some Bundy supporter realized he made a mistake in his prior post.
Mario XXXXXXXX · California
Thats becuse you wear to buiesy cleaning you gun dumb shit
Like · Reply · 2 · 2 hrs
Mario XXXXXXXX · California
Your
Like · Reply · 2 hrs
lol@lola.
Reagan was surrounded by armed guards–still got shot.
You’re surrounded by normal people but you’re still a Lola.
You’re surrounded by old people and ice but you’re still a Lola chaser.
how is your day going my friend? Got any brilliant ideas today?
Depreciating houses my good friends. Rapidly depreciating houses.
Sacramento, CA Housing Prices Crater 5% YoY
http://www.zillow.com/west-sacramento-ca/home-values/
how much do u get paid per click buddy?
Check your muffler bearings Poet.
“US Auto Sales Plunge To 6-Month Lows - Biggest Miss Since Nov 2008″
http://www.zerohedge.com/news/2016-01-05/us-auto-sales-plunge-6-month-lows-biggest-miss-nov-2008
Get to slashin’.
Lots of angry libtards today. Must be because Trump is punking Bubba and His stupid wife so bad. Now they’ve given up.
Funny thing about liberals… they giggle and point when angered.
Trump is slipping, and I expect your ilk to vanish once he has slid down the tubes, just as Albuquerque Dan disappeared when China’s stock market got flushed.
Slipping…
Political Prediction Market: Trump’s odds for the nomination are slipping
By Sophie Tatum CNN
POSTED: 07:06 PM CST Jan 04, 2016
Despite the Iowa caucuses and New Hampshire primary only weeks away, the Republican nomination still appears to be up for grabs.
GOP front-runner Donald Trump, who has maintained a stronghold on first place in the polls, saw an 11% drop in his odds for winning the GOP nomination in CNN’s Political Prediction Market. Trump’s slide corresponded with a rise in winning odds for Florida Sen. Marco Rubio.
CNN’s Political Prediction Market, administered by a company called Pivit, is game that factors polls and other elements and invites users to predict where the election will go. The markets change as the public weighs in on the increasing or decreasing chance that a candidate or party wins or loses an election. It should not be confused as a survey from real voters.
Riding the coattails of first place odds is Texas Sen. Ted Cruz, who is also neck-and-neck with Trump in the polls.
The odds for the Republicans winning the presidency also seem to be slipping. The odds for a Democratic presidency are currently at 59%, while Republicans’ chances of winning are 41%.
…
“Lots of angry libtards today.”
I have noticed that you can feel the Trump posts seething with anger.
Would you consider voting for a candidate whose campaign promises include dismantling the too-big-to-fail Wall Street investment banking cartel?
And by the way: Which direction does this policy proposal lean — right or left?
ft dot com > World > US >
US Election 2016
January 6, 2016 12:19 am
Bernie Sanders outlines plan to dismantle big banks
Ben McLannahan in New York and Courtney Weaver in Washington
Democratic president candidates Bernie Sanders and Hillary Clinton debate at Saint Anselm College December 19, 2015 in Manchester, New Hampshire. This is the third Democratic debate featuring Democratic candidates Hillary Clinton, Bernie Sanders and Martin O’Malley.
(Photo by Andrew Burton/Getty Images)
©Getty
Bernie Sanders stepped up his anti-bank rhetoric on Tuesday, prompting the campaign of Hillary Clinton, the frontrunner for the Democratic presidential nomination, to fire back with more tough talk on curbing risky behaviour on Wall Street.
Mr Sanders, the senator for Vermont, has repeatedly gone after Mrs Clinton for being too soft on banks and lambasted her for taking millions of dollars from them in speaking fees. In past speeches, he has focused on restoring the Depression-era Glass-Steagall Act, the rule that separated commercial and investment banking, while also endorsing a special tax to limit speculation.
On Tuesday Mr Sanders went further, setting a timetable for dismantling various “too big to fail” financial institutions, which would include hedge funds and insurance companies as well as banks. Within one year, he said, his administration would break them all up, ensuring that they no longer posed a “catastrophic” risk to the US economy and that taxpayers would not be on the hook for another bailout.
“If a bank is too big to fail, it is too big to exist,” said Mr Sanders, to whoops and cheers at a packed gathering of supporters in midtown Manhattan, in the shadow of Bank of America Tower. “When it comes to Wall Street reform that must be our bottom line . . . A handful of huge financial institutions simply have too much economic and political power over this country.”
The emergence of Mr Sanders as a credible rival to Mrs Clinton has pushed the issue of banking reform to the front lines of the Democratic primaries, with Mr Sanders’ fierce stance on the issue appearing to push Mrs Clinton slightly to the left.
…