February 19, 2016

Bits Bucket for February 19, 2016

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Comment by Jingle Male
2016-02-19 02:43:42

Oh my God. Trump is not acting like a good Christian when he proposes building walls. Maybe in the house of the Lord there is a bubble! The Lord’s Housing Bubble. It has a nice ring to it. I vote Ben Jones for Pope!

Comment by phony scandals
2016-02-19 04:40:17

Does the Pope wish he could take all those children home with him too?

Nancy Pelosi at Illegal Immigrant Holding Facility “We’re All Americans”

Jim Hoft Jun 28th, 2014 1:30 pm 92 Comments

Minority leader Nancy Pelosi visited the border on Saturday. The former Speaker made a statement to reporters,

“I wish I could take all those children home with me… We’re all Americans in this hemisphere, North and South America.”

Comment by RustyT
2016-02-19 06:12:19

It’s liberal policies like that keeping them in poverty same as in the ghettos. Well meaning mushy heads acting on feelings and ignoring the way the world works. He’d do the world a better service pushing birth control for all these people having babies they can’t or won’t take care of.

Comment by Jimmy Carter is Hitler
2016-02-19 07:04:35

The way to fight poverty is to import more of it!

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Comment by BigVHBB@gmail.com
2016-02-19 16:25:27

Why can’t she take them home with her?

Comment by Professor Bear
2016-02-19 20:09:36

Hey BigV!

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Comment by Professor Bear
2016-02-19 19:01:21


Comment by Professor Bear
2016-02-19 20:07:33

Two statists of one mind in the War on Privacy…

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Comment by The Selfish Hoarder
2016-02-20 00:40:29


Comment by Professor Bear
2016-02-20 00:50:57

Feinstein, GOP urge Apple to help feds access San Bernardino shooter’s iPhone
By Matthew Artz martz@bayareanewsgroup.com
Wednesday, Feb. 17, 2016 - 6:29 p.m.
WASHINGTON, DC - JULY 08: Sen. Dianne Feinstein (D-CA) participates in a Senate Judiciary Committee hearing on Capitol Hill, July 8, 2015 in Washington, DC. (Mark Wilson/Getty Images)

Sen. Dianne Feinstein, D-Calif., joined several Republican presidential hopefuls Wednesday in blasting Apple for refusing to help federal agents access encrypted data on the cell phone of one of the San Bernardino shooters.

Feinstein, the ranking Democrat on the Senate Intelligence Committee, urged the company to assist in accessing data from the phone of Syed Farook and threatened “to put forward a law which would essentially require that,” if the company resisted.

“There is a phone encrypted that could yield additional information,” she said while appearing on CNN’s “The Lead.” “And I believe that as a government we have every responsibility and duty to see that Apple provides that information.”

Apple’s tough stance on encryption risks placing it in the cross hairs of leaders from both parties and making the company an easy target for presidential hopefuls.

“The populist tendencies among both Democrats and Republicans are clearly very strong,” Steve Webber a political science professor at the UC Berkeley School of Information said in an email. “At the moment they haven’t taken aim at the tech firms, but when it’s an issue of public safety, I bet they will.”

Comment by Neuromance
2016-02-19 05:03:36

When the Pope and his spokesmen said, in response to the illegal immigration issue, “We should build bridges, not walls”, I thought, “Ahh, platitudes, is there anything they can’t do.”

Platitudes can be pleasing certainly, but for thorny issues, like mass population movements from one country into another, they’re not particularly useful, informative or helpful.

Comment by RustyT
2016-02-19 06:16:27

Pope outed as open borders advocate. Becoming even less relevant to Americans.

Comment by Professor Bear
2016-02-19 06:48:12

He is so completely irrelevant that a smart politician would keep his powder dry and ignore what the Pope says.

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Comment by BigVHBB@gmail.com
2016-02-19 16:27:52


You should try to empathize more to build your relationships while evolving your emotional intelligence quotient to ratchet profits and delight your customers!

Comment by Red Pill
2016-02-19 05:47:39

Donald Trump/Wayne Allyn Root 2016

Let’s fight for America!!!!

Comment by Professor Bear
2016-02-19 06:03:33

What about Palin? Don’t be a sexist Republican.

Comment by RustyT
2016-02-19 06:20:21

People who hate the Republicans, like Out of Touch California Professor Hillarykins, are obsessed with Palin. Meanwhile Trump keeps winning.

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Comment by Professor Bear
2016-02-19 06:34:24

From your empty skull to the Housing Bubble Blog…

Comment by MightyMike
2016-02-19 07:12:13

I’ve never heard of that name, so I looked him up.

1. Obama Both Did And Did Not Attend Columbia

Root’s signature conspiracy theory has to do with Obama’s time at Columbia University, which Root says is where Obama learned his strategy to impose socialist control on the U.S. even though, according to Root, he was never seen in classes and probably is lying about going to Columbia at all.

Root attended Columbia at the same time as Obama (if Obama really did attend Columbia!) and so can attest that the president was never seen in class but also was indoctrinated into Marxism during his classes at Columbia .

2. Obama ‘Cut His Afro’ To Become The ‘Manchurian Candidate’

Root put a new spin on his Obama theory during a 2014 campaign stop for Mississippi Senate candidate Chris McDaniel, when he said that Obama’s Columbia classes (which he both did and did not attend) taught him to “cut his afro” in order to infiltrate the political class and become a “Manchurian candidate” meant to take down America from within.

3. Obama Is A Sociopath Who Will Kill Us All

Root has diagnosed Obama as an “arrogant, egomaniacal sociopath” who is either “mentally ill” or committing treason and must be removed from office “before he kills us all” with Ebola-ridden terrorists.

4. Obama Wants A Race War So He Can Impose Martial Law

Like many conservative commentators, Root contends that America’s troubles with race were in the past until Obama came along to divide everyone, saying that the president “didn’t come in to help us end the specter of racism, he brought it back.”

Root wrote during the protests in Ferguson, Missouri, that “Obama needs ‘division.’ Race warfare. Class warfare. Anger. Resentment. Civil war.” Obama, he wrote, saw Ferguson as “the perfect opportunity to divide the nation, to incite unrest and violence across America” and could “use spreading unrest to declare martial law.”


Note the sentences without verbs: Race warfare. Class warfare. Anger. , etc.

Comment by Goon
2016-02-19 08:02:26

This paid message sponsored by the Southern Poverty Law Center.

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Comment by Raymond K Hessel
2016-02-19 06:37:00

I would love to see all these fraudulent Popes confess to the ignorant, gullible Catholic sheep that they are not God’s voice on earth and have no divinely-annointed moral or religious authority whatsoever.

Comment by azdude
2016-02-19 07:15:35

why is the pope going after trumps evangelical supporters?

did he get a nice donation from somebody?

Comment by Raymond K Hessel
2016-02-19 07:22:22

Maybe the Pope should focus on purging the church of pedophile priests and those who cover for them before meddling in domestic US politics.

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Comment by oxide
2016-02-19 09:49:29

He should re-read 501(c)(3) before meddling in US politics.

Comment by The Central Scrutinizer
2016-02-19 11:14:04

Because evangelicals are the christian equivalent of ISIS?

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Comment by MacBeth
2016-02-19 08:23:34

Let him prove his point.

Remove the walls around the Vatican. House 50,000 immigrants there. There’s nothing stopping the Pope from doing so. Except NIMBY (Not In My BackYard) and an unwarranted sense of entitlement.

Like most liberal elitists, the Pope is a hypocrite.

He might as well live in the People’s Republic of Boulder.

Comment by oxide
2016-02-19 09:40:25

What does the Pope have to say about all those countries in Eastern Europe that just got done building fences to keep out the flow of migrants?

Comment by CalifoH20
2016-02-19 11:33:41

migrants are gross

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Comment by Neuromance
2016-02-19 05:04:58

There’s something farcical about the government beating up companies rather than individuals: companies are logical constructs - ‘legal fictions’ as Bernanke put it - one of whose primary purposes is to shield individuals from liability.

So going after companies and extracting large fines (but not large enough to do lasting damage) versus going after the actual individual malefactors just seems like an exercise in strawman-bashing and government revenue enhancement, not justice or sound policy.

Comment by BigVHBB@gmail.com
2016-02-19 17:12:00

As long as the fines are large enough to be punitive, then it’s a good thing.

Comment by Neuromance
2016-02-19 05:07:26

Heard an interesting item on the radio. If the US debt keeps growing as it is, at some point in the future (they named a year, I don’t recall it), interest on the debt will become the 3rd largest federal program.

So even if the Fed buys all the debt, interest will still keep growing. Eventually it’ll become the largest single item in the budget, then keep growing. Then what? There are high profile economic pundits who tell politicians - and voters - what they want to hear; namely, that they can spend all they want with no negative consequence. We’re also told Japan is the model. From a couple of years ago, there was an interesting Bloomberg article on Japan’s debt:

What will be the result of debt monetization? That depends on whether it leads to inflation. Without inflation, interest rates will simply go lower and lower, and the government will be able to roll over its debt more and more cheaply. In other words, the situation that has prevailed for the past two decades will continue. But if inflation strikes, it could rise high enough to hurt growth, and therefore tax revenue, severely. That would mean game over — Japan’s government would be forced to default (or to hyperinflate, which amounts to a messier version of the same thing).

The fact is, no one really knows what causes high-inflation episodes to begin. The Japanese central bank is embarking on a road that no country has ever traveled before — a bold experiment to test the hypothesis that debt monetization can sustain an infinite ratio of government debt to GDP. It is being forced to do this by the dysfunctional nature of the Japanese political system, combined with Japan’s unfavorable demographics. I, for one, am interested to see where it goes.

But I’m not worried. In the end, a sovereign default is just an accounting exercise — marking down the assets of some Japanese people and marking up the assets of others. It would redistribute wealth from the old to the young. And after a default, Japan would still have all the same factories, all the same land, all the same people with all the same education. There would be plenty of short-term pain, fear, disruptions to the international financial system, but at the end of the day, Japan would still be standing.


They seem awfully cavalier about a sovereign default. Especially after the apocalyptic pronouncements when the US nearly defaulted.

Comment by Neuromance
2016-02-19 05:09:13

Britain in particular made quite a show of its outrage against Donald Trump for his suggestion for a temporary moratorium on Muslim immigration in the wake of the San Bernadino shootings, going so far as to create a petition to ban Trump from entering Britain. It amassed a record number of votes becoming the leading petition in Britain.

The second most popular petition in Britain? A proposal to stop all immigration “until Islamic State is defeated.”



Comment by RustyT
2016-02-19 06:23:17

Those racist Brits. Everyone who does not embrace open borders and whatever else the race hustlers want is a racist. Ask Bill.

Comment by Professor Bear
2016-02-19 06:49:48

“Racist Brits…”

Anyone who questions The Donald has something wrong with them.

Comment by Jimmy Carter is Hitler
2016-02-19 07:10:16

[[The second most popular petition in Britain? A proposal to stop all immigration “until Islamic State is defeated.”]]

LOL I love it. They usually leave that bit out.

Comment by MightyMike
2016-02-19 07:17:04

The second most popular petition in Britain?

Of course, it’s an e-petition, so about 1% of the British population clicked a mouse or swiped a phone.

Comment by Goon
2016-02-19 08:04:51

This promotion of open borders globalism sponsored by the Southern Poverty Law Center.

Comment by oxide
2016-02-19 10:38:17

And the first most popular petition — the one to keep out Trump — is also an e-petition from 1.25% of the British population clicking and swiping. That is close enough that if you discredit one, you have to discredit both.

Comment by MacBeth
2016-02-19 08:30:35

Sweden reportedly is in the throes of deporting 80,000 Muslim immigrants.


Comment by palmetto
2016-02-19 09:06:44

Got a source for that, Mac? Not that I don’t think it’s a good idea, my guess is that there’s been far more violence and unrest in the country than has been reported. They really screwed up taking them in, in the first place. Not compatible with the existing population. I’m curious, though, how they plan on accomplishing that.

Comment by oxide
2016-02-19 10:06:09

It was all over the news three weeks ago. Here’s the Bloomberg story:


And the guardian:


Scandinavia opened its borders and got a lot more than they bargained for. Sweden has a rejection rate of 55%, Finland is rejecting 65%, Denmark is confiscating cash. Any migrants going to Norway through Russia are being deported right back to Russia.

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Comment by MightyMike
2016-02-19 10:18:42

Those articles answer Macbeth’s question about why those people will be expelled. They were found not to meet the definition of refugees, probably according to the 1951 Refugee Convention.

Comment by Neuromance
2016-02-19 05:11:55

A fellow characterized as a ‘Goldman Sachs Republican’, the person who oversaw the mechanics of the bailouts, now, as head of the Minneapolis Fed, is calling for the breakups of TBTF banks. Unusual. It’s telling that suggesting such a thing now is again controversial. I imagine his handlers are thinking, “Guy’s a loose cannon.”

WASHINGTON — During the 2008 financial crisis, Neel Kashkari worked tirelessly to save the nation’s largest banks. As a senior Treasury Department official in the George W. Bush and Obama administrations, he helped those banks grow larger than ever.

On Tuesday, he said it was time to think about breaking them up.

“I believe the biggest banks are still too big to fail and continue to pose a significant, ongoing risk to our economy,” Mr. Kashkari said at the Brookings Institution, delivering his first public speech as the new president of the Federal Reserve Bank of Minneapolis.


Mr. Kashkari’s remarks caused a stir in Washington. Such views have become relatively common at both ends of the political spectrum — providing fuel for the presidential campaigns of Senator Bernie Sanders, Democrat of Vermont, and Donald Trump, a Republican — but Mr. Kashkari is a moderate Republican and a former employee of Goldman Sachs.


Comment by Professor Bear
2016-02-19 05:39:28

Maybe President Sanders will tap Kashkari as Treasury Secretary?

Comment by RustyT
2016-02-19 06:24:26

Yes, socialist far left wingers love to tap “moderate republicans.”

Comment by Professor Bear
2016-02-19 05:35:36

Anyone who disagrees with The Don’s views is open to attack, including the Pope.

Comment by Professor Bear
2016-02-19 05:42:16

Media Buzz
Trump punches back against Pope just before crucial primary: Who does that?
By Howard Kurtz
Published February 19, 2016
Kurtz: The Donald vs. The Pope

Maybe Donald Trump was bored by boxing with Cruz, Rubio and Jeb and decided to punch up.

Maybe it was a heavenly gift that enabled Trump to hijack the news cycle once again.

Maybe it’s that the Pope landed the first blow.

Whatever the case, the Republican presidential front-runner is now engaged in a war of words with the leader of the Catholic Church.

I was stunned by this turn of events, which instantly blew other political stories off the media radar. Let’s put it this way: Suddenly, there’s not that much chatter about Nikki Haley endorsing Marco Rubio.

Comment by Professor Bear
2016-02-19 05:55:23

Is Trump trying to backpedal his papal attack now? Seems out of character for him to retreat.

Isn’t it his regal habit of spontaneous attack on anyone or anything that personally disagrees with him in any way which so endears him to his fan club?

Comment by Professor Bear
2016-02-19 06:06:47

CBS This Morning
Donald Trump: “I don’t like fighting with the pope”
CBS News
Feb 19, 2016 6:47 AM

Donald Trump may have met his political match. The Republican frontrunner is softening his tone after getting into a war of words with Pope Francis.

Donald Trump: Pope Francis questioning my faith is “disgraceful”

“I don’t like fighting with the pope actually — I don’t think it’s a fight, I think he said something much softer than originally reported by the media. I think that he heard one side of the story, which is probably by the Mexican government,” Trump said Thursday on CNN.

Those comments were a far cry from Trump earlier in the day, reports CBS News correspondent Major Garrett.

“The pope said something to the effect that maybe Donald Trump isn’t Christian, okay? And he’s questioning my faith, I was very surprised to see it,” Trump said.

“For a religious leader to question a person’s faith is disgraceful,” he added.

Comment by RustyT
2016-02-19 06:26:56

It’s universally agreed that the pope started it. Even you have to admit this isn’t Trumps fault.

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Comment by Professor Bear
2016-02-19 06:35:59

You are such a dumbsh!t that you totally miss the point.

Comment by palmetto
2016-02-19 06:54:57

Bwahahahaha! See that, Rusty? Prof just made an “ad-hominen” attack on you. Talk back and he will accuse you of making one on him.

Comment by RustyT
2016-02-19 07:51:12

Yep, Professor Bloviate. He’s doing us all a great service providing his wisdom and predictions, which he later disavows as only providing information when they are wrong.

Comment by Professor Bear
2016-02-19 08:38:37

That was not an ad hominem attack. It was a statement of fact.

Know the difference.

Comment by palmetto
2016-02-19 09:44:13

Aw, jeebus, Prof, what’s really going on here? Maybe I missed it, but I’ve never seen you get this vicious with other HBB members. He’s just a political candidate shaking things up, is all. His supporters are no threat to you.

If you really want to neutralize Trump, just ignore him. He hates that. Every attack on him is just another opportunity for more publicity and recruits more supporters, many of who feel beleaguered by the “establishment” and under attack themselves for various reasons. Each time Trump fires back, he’s doing something they themselves wish they could do, so he becomes a proxy. Do you not understand this?

Besides, he’s doing tremendous public service here, bringing up issues that do need addressing, like the “big, fat mistake” of the Iraq war and the involvement of the Bushes. And whether or not we’ve got a country. Because if we really don’t have one, then let’s be honest about it and dispense with taxation and the IRS and the Pentagon, CIA, FBI, armed forces, Congress, Scotus, Potus and all the rest. We can get down to being the Brotherhood of Every Man for Himself.

Comment by oxide
2016-02-19 10:14:24

I like the Ignore part. If enough people ignore Trump, then Trump will be forced to pay his own money to get his message out, rather than playing the media for the fools they are.

And the media are digging their own grave too. Check the comments of any news site. Any article that is so much as even handed toward Trump is bombarded with comments that the particular media outlet is being paid the hate on Trump, or is in the tank for Hillary. No one would have done this to Murrow and Kronkite.

Comment by palmetto
2016-02-19 11:17:27

The media is pretty much parasitic on celebrities at worst, at best it’s a symbiotic relationship. Just think how many shows and publications wouldn’t exist if there weren’t celebrities, or if celebrities were low key or off limits. Trump grasps this very simple concept and uses it to his great advantage, and has done so many times over the years.

The media as a whole would probably love to see a Trump presidency, so the party can continue and they can rake in the cash. It’s great for business.

I’ve mentioned this before, the biography I read covered the period of time when the Atlantic City properties were in trouble and Trump was carrying on his affair with Marla Maples. The guy who wrote it worked for Trump and said he’d get phone calls at 2, 3, 4 in the morning where Trump would ask “Can you believe what they’re saying about me? It’s unbelievable what’s going on!” As I recall, from the author’s perspective, Trump was neither particularly bummed out nor happy about it, just sort of amazed he was getting so much ink and air time.

Later, when all the dust settled, Trump told him that as much as the media likes to destroy people, it also likes to help build them back up afterwards with a good comeback story.

Comment by Blue Skye
2016-02-19 08:03:31

“The pope said something to the effect…”

Unlikely gossip. Intentional spreading of lies is immoral.

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Comment by Oddfellow
2016-02-19 08:14:22

Intentional spreading of lies is immoral.

Well, that’s Trump for ya.

Comment by Professor Bear
2016-02-19 08:36:32

Yep. Pretty much par for the course in Trump’s campaign.

Comment by Professor Bear
2016-02-19 06:26:09

Yahoo News
Trump Calls Pope a ‘Wonderful’ ‘Personality,’ Praises Howard Stern, Michael Jackson
Ken Tucker
February 18, 2016

CNN doubtless could not believe its luck that it had scheduled a Republican Town Hall meeting on the same day the Pope questioned Donald Trump’s Christianity. “You’ve had an interesting day!” said Anderson Cooper with ill-concealed excitement as Trump took a South Carolina stage on Thursday night. “Ah, the pope is a wonderful guy,” said Trump, downplaying any beef with the leader of the worldwide Catholic Church. Trump then paid the Pope what is probably a very high compliment in Trump-speak: “I like him as a personality.”

Trump went on to say that he suspected the Pope didn’t fully understand the Republican candidate’s concerns about border security. And anyway, said Trump, “He’s got an awfully big wall at the Vatican.” Interestingly, this was almost exactly the same joke Stephen Colbert later made on Thursday night’s Late Show. (I guess they have been talking more on the Trump Phone that Colbert set up the night before.)

Comment by oxide
2016-02-19 10:44:40

That crack about the wall at the Vatican showed up in the comment sections of the media websites within minutes of the news being published. That’s how obvious it is.

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Comment by Professor Bear
2016-02-19 06:33:17

Entertainment Television
Allow Stephen Colbert to Explain What Pope Francis and Donald Trump Have in Common
Tessa Berenson
8:10 AM ET
A peace offering from “America’s foremost Catholic”

It must have been too much for a Catholic late-night show host to resist: Stephen Colbert dedicated his opening monologue Thursday night to the fight between Donald Trump and Pope Francis, and he had an interesting take on the problem.

“I want to try to broker a peace between these two men,” Colbert said after declaring himself “America’s foremost Catholic.”

“Mr. Trump, Mr. Pope… is it possible that you guys are fighting because you have so much in common?” Colbert continued. “After all, you both think you’re infallible. And you both sit on golden thrones. And you both wear very silly things on your heads.”

Comment by MacBeth
2016-02-19 08:35:43

Careful. Your angry, white male side is starting to show.

First, you’ve your knickers in a twist regarding young males and young females naked together in high school locker rooms.

Now, you’re seemingly upset that people dare disagree with the Pope.

You sure are angry these days. You must be old. And white. And male. Get a grip.

Comment by Professor Bear
2016-02-19 05:57:36

The Wall Street Journal
Donald Trump’s lead in South Carolina now just 5 points
By Janet Hook
Published: Feb 19, 2016 6:23 a.m. ET

Donald Trump’s lead in South Carolina has narrowed ahead of Saturday’s primary, as many of the party’s most conservative voters turn instead to Sen. Ted Cruz, a Wall Street Journal/NBC News/Marist poll finds.

The poll found that support for Trump dropped to 28% among likely Republican voters in South Carolina, down 8 points from January, while support for Cruz rose slightly to 23%. What had been a 16-point lead for Trump is now 5 points.

Comment by RustyT
2016-02-19 06:31:37

Posting Rupert Murdoch hit pieces? Another phony fixed poll and you can make another phony wrong prediction (then after Trump wins claim you didn’t predict anything). Here professor hatetrump, let me help you with a real projection.


Comment by Professor Bear
2016-02-19 06:39:58

Trumplings bear an uncanny resemblance to their Dear Leader!

Comment by MightyMike
2016-02-19 07:21:44

This poll talk reminds of Albuquerque Dan. The SC primary is tomorrow, so we’ll know the results soon enough.

Comment by Goon
2016-02-19 08:06:45

This Hillary Clinton campaign advertisement paid for by the Southern Poverty Law Center.

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Comment by BigVHBB
2016-02-19 17:59:51

Yeah, that’s what I said in my comment below, except that I accidentally used my e-mail address instead of my God-given name.

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Comment by Oddfellow
2016-02-19 07:55:58

Posting Rupert Murdoch hit pieces?

That’s what I like about the Trump candidacy. Watching him and his followers dismantle the GOP.

Comment by Mafia Blocks
2016-02-19 08:38:14

From your empty skull, directly to the Whitehouse, Donald Trump lives rent-free.

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Comment by Professor Bear
2016-02-19 06:00:04

I could get used to pump prices below $2 in a hurry. Suddenly California living no longer seems so unaffordable!

Comment by Professor Bear
2016-02-19 06:02:32

MarketWatch dot com
Record U.S. crude stockpiles weigh on oil prices
By Sara Sjolin, Georgi Kantchev, and Jenny W. Hsu
Published: Feb 19, 2016 6:30 a.m. ET
Demand likely to remain stagnant, economist says

Oil prices slumped on Friday, capping a volatile week that saw hopes of output cuts among major producers and a rise in U.S. oil inventories to a new weekly record.

Brent oil (LCOJ6, -1.28%) the global oil benchmark, slid 53 cents, or 1.6%, to $33.75 a barrel on London’s ICE Futures exchange. On the New York Mercantile Exchange, West Texas Intermediate futures (LCOJ6, -1.28%) were trading down 57 cents, or 1.9%, at $30.20 a barrel.

Both benchmarks are on track for weekly gains of more than 1% after hopes for a deal among major producers that would address the global glut in oil and support prices improved sentiment in the beleaguered market.

Comment by azdude
2016-02-19 06:03:36

why do u like to see people lose their jobs so u can have cheap gas? people are suffering cause they dont have work.

Comment by Professor Bear
2016-02-19 06:09:56

Neither the China bubble nor the related energy bubble were any of my doing. In fact, my daily commute, whether gas prices are high or low, helps stabilize oil demand.

Comment by azdude
2016-02-19 07:04:04

I have to assume you probably drive a prius and don’t use hardly any gasoline.

why do u constantly brag about people losing their jobs?

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Comment by Professor Bear
2016-02-19 09:26:13

I don’t recall bragging about people losing their jobs. And no,, I don’t drive a Prius (politically correct California chick car). My driving helps keep oil workers employed.

Comment by Northeastener
2016-02-19 09:56:41

Not like this was the first economic cycle in energy we’ve seen in this country. Or did all those truck drivers and welders and pickup truck salesmen think it was different this time and energy prices would continue to rise to infinity and itbwas six-figure incomes for all?

It seems to me if anyone had been a student of economic history, the inevitable outcome of all the investment in energy drilling was easy to see.

We’ve heard Ben’s stories of the Texas oil patch decline from the early 90’s. History certainly does rhyme.

Comment by Northeastener
2016-02-19 09:58:00

For what it’s worth, I drive a jeep with a hemi V8. I’ve done my part to keep America’s oil patch working.

Comment by eddiamond
2016-02-19 10:08:31

How many people were out of work because of $4 gas?

Comment by The Selfish Hoarder
2016-02-19 10:43:40

“why do u like to see people lose their jobs so u can have cheap gas? people are suffering cause they dont have work.”

Never expect your job will last longer than the loan duration of an automobile. That is why the smart people rent houses until they can buy one in cash and have investment income on top of that to pay the rent to government (property taxes), maintenance, and insurance.

Comment by Mafia Blocks
2016-02-19 07:17:10

“I could get used to pump prices below $2 in a hurry.”

You see? Nothing accelerates the economy like falling prices to dramatically lower and more affordable levels. Nothing.

Comment by Professor Bear
2016-02-19 06:13:09

Donald Trump’s tendancy to lash out at the slightest personal provocation should give any thinking person serious misgivings about his fitness for the presidency.

Comment by Red Pill
2016-02-19 06:27:41

How else will we get a five year moratorium on all new immigration? Sucks to be in the pimping migrants business.

Comment by palmetto
2016-02-19 07:22:30

Yep, whole lotta poverty pimpin’ going on:

“Catholic Charities is one of the nation’s most extensive social service networks, serving more than 10 million poor adults and children of many faiths across the country. It is made up of local affiliates that answer to local bishops and dioceses, but much of its revenue comes from the government. Catholic Charities affiliates received a total of nearly $2.9 billion a year from the government in 2010, about 62 percent of its annual revenue of $4.67 billion.”


So much for the separation of church and state.

Comment by Goon
2016-02-19 07:51:49

the pimping migrants business

The Iraqi migrant cab driver who raped a 10 year old Austrian boy because he was having a “sexual emergency” is what George Soros wants for USA.

This is exactly the fundamental transformation that you were promised.

Comment by RustyT
2016-02-19 06:34:02

If you don’t tow the line on group racial identity politics you come in for hate from the California university crowd, who, by the way, are not “serious people.” You’d think your name or number was on that Apple phone.

Comment by Professor Bear
2016-02-19 06:44:30

A misguided attack on the entire California university establishment will not serve to hide your flawed candidate’s compulsion to overreact to the slightest provocation.

Comment by azdude
2016-02-19 07:02:06

the trumplings are out in force today I see.

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Comment by RustyT
2016-02-19 07:54:42

California is broke, and lefty irrelevant.

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Comment by Professor Bear
2016-02-19 14:43:11

Marketwatch dot com
Trump, whose tweets come via iPhone, calls for boycott of Apple
Published: Feb 19, 2016 4:36 p.m. ET
Boycott ‘just occurred to me,’ Republican front-runner says
By Steve Goldstein
D.C. bureau chief

Republican presidential candidate Donald Trump on Friday called for a boycott of Apple until the company hands over information the U.S. government wants on an terror suspect’s phone.

The U.S. government wants Apple (AAPL, -0.23%) to disable certain security measures on the phone, once used by Syed Rizwan Farook, a suspect in the attack in which 14 people were shot and killed in the California city.

“Boycott Apple until such time as they give that information,” Trump said at a campaign event, Reuters reported. “It just occurred to me,” Trump said.

It’s not an unusual tactic for the real-estate tycoon. Trump has advocated boycotting Macy’s (M, -2.19%) — which dropped Trump-themed apparel from its stores — and Oreos. Oreos producer Nabisco has cut jobs in Chicago and increased investment in Mexico.

However, Trump tweets have come from an iPhone, according to an analysis of his recent messages.

Comment by Oddfellow
2016-02-19 20:15:23

“Boycott Apple until such time as they give that information,”

Striking a blow for liberty!

Well, against liberty, actually, but still, Trump!

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Comment by palmetto
2016-02-19 06:52:36

“If you don’t eat yer meat, you can’t have any pudding. How can you
have any pudding if you don’t eat yer meat?”
“You! Yes, you behind the bikesheds, stand still laddy!”

Take yer beatings and don’t object. Don’t say a word. The media-educational complex will tell you how to think, act and what to say. If you don’t conform, you’re not a “thinking” person.

Comment by Raymond K Hessel
2016-02-19 07:01:11

Look at the alternatives. Trump, whatever his personal failings, is a giant upraised middle finger against the corrupt, co-opted, corporatist GOP Establishment.

Comment by The Selfish Hoarder
2016-02-19 10:45:20


Not voting is that giant upraised middle finger.

Trump is all about right wing collectivism. No individualist would ever say anything nice about Trump.

Comment by Hi-Z
2016-02-19 15:26:31

“Not voting is that giant upraised middle finger.”

A gesture that nobody sees or cares about. No matter how many people do this, someone ALWAYS is elected.

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Comment by RustyT
2016-02-19 16:12:28

Bill wants to tell you who you can associate with. Selfish Justice Warrior. SJW.

Comment by The Selfish Hoarder
2016-02-19 17:21:44

“matter how many people do this, someone ALWAYS is elected.”

No matter who is elected, I defy and violate victimless crime laws.

Comment by Raymond K Hessel
2016-02-19 17:30:38

Your supposed defiance is utterly irrelevant and meaningless in the big scheme of things. Get over yourself.

Comment by The Selfish Hoarder
2016-02-19 21:43:41

You wish it was irrelevant but more people are defying statism. New Yorkers by the millions defied Cuomo’s new gun laws.

Comment by Raymond K Hessel
2016-02-19 06:34:54

Labor unions have for decades been instrumental in installing corrupt Democrat administrations (is there any other kind?) at the local, state, and federal levels, since their goon leadership assured the membership they’d get a fat cut of the Democrat patronage and graft. Now these union members are realizing the corrupt system they enabled has defrauded them, too. Other than Hillary supporters, I can’t think of any group more deserving of spending the end of their lives living in cardboard boxes.


Comment by Raymond K Hessel
2016-02-19 06:40:15

Finally, not a minute too soon, the Republican base is repudiating a quarter century of Establishment GOP corporate statism, crony capitalism, and neocon adventurism. Testify, Pat Buchanan!


Comment by Goon
2016-02-19 07:48:34

Pat Buchanan and his magazine American Conservative were the only prominent voices during the W administration opposing neocon foreign policy.

I remember 2002-2003 very well, and it’s happening again now.

Comment by RustyT
2016-02-19 07:59:33

Yesterday I was on the road and heard a few minutes of Rush Limbaugh for the first time in ages. He said something very interesting. He said in disavowing Bush and the whole Iraq war thing Trump was maybe being very forward thinking, taking the defending Bush/war stuff off the table in the general election if he’s the nominee. Cause for sure even after 8 years of O, the Ds will certainly be still trying to run against Bush.

Interesting, make it about now and the future instead of the past.

Comment by Raymond K Hessel
2016-02-19 06:42:50

Even our Soviet-style false CPI data can no longer hide the rising inflation due to the Fed’s debasement of the currency.


Comment by azdude
2016-02-19 07:05:19

Are pieces of paper really the wealth?

Comment by MightyMike
2016-02-19 07:27:37

from that article:

Compared to the prior year, CPI rose 1.4% (1.3% expected).

Yes, we’ve become Weimar or Zimbabwe.

Comment by Goon
2016-02-19 08:12:29

This sniping, anklebiting, and utterly devoid of content blog post sponsored by the Southern Poverty Law Center.

Comment by MightyMike
2016-02-19 09:11:41

Ray is wrong. Inflation is low. That’s content.

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Comment by Goon
2016-02-19 09:21:37
Comment by Mafia Blocks
2016-02-19 09:36:12

That is the end result of fixed, bottlenecked and rigged prices. A crumbling, failing debt-burdened economy.

Comment by Raymond K Hessel
2016-02-19 06:43:52

Uh-oh. Strengthening Yen means no carry-trade gimmics to levitate our Ponzi markets.


Comment by azdude
2016-02-19 06:45:44

evidently we are having quite an issue about who can use what bathrooms in ca.

Seems like some jobs might be created for the construction industry.

What about bringing in some porta potties ?

Can your gender change back and forth depending how you feel each day? Or do u have to commit to one or the other?

Comment by RustyT
2016-02-19 08:00:45

Pass a law that everyone has to pee sitting down.

Comment by Blue Skye
2016-02-19 08:12:56

One of my kids asked her grandma how do you tell if little puppies are male or female. Grandma replied that they were marked on the bottom.

Comment by Raymond K Hessel
2016-02-19 06:49:31

Yelon the Felon may have a harder time justifying NIRP given its abject failure in Japan and Europe. In addition, the intelligent 5% are already yanking their deposits and buying gold in a no-confidence vote against the Fed and its rigged, broken financial system.


Comment by Raymond K Hessel
2016-02-19 07:28:32

Aaaand here comes inflation, despite the massive deflationary pressures caused by a broke-ass population in our Obama-Fed-Goldman Sachs “recovery.” This could derail the Fed’s plans to institute NIRP as the next logical escalation of its swindles against the 99%. And with foreigners dumping US debt, Yellen may have no choice but to raise rates to defend the dollar.

Got popcorn? If not, buy it now before the price goes up….


Comment by The Selfish Hoarder
2016-02-19 10:16:35

$1232 per ounce gold at this time of day and it was $1050 per ounce within the last three months.

Yeah the end of cash is nigh, and yes that is why I focused on buying smaller sizes like quarter ounce golds the last few years. Easier to sell. I think it’s not unlikely to see $10,000 per ounce gold and $2000 bitcoin when they stop printing fiat paper and coins.

Comment by RustyT
2016-02-19 16:15:11

I thought you were in a cash crunch and eating bologna sandwiches. Or was it touring wine country and ordering expensive bottles? I’m feeling like Lola, I can’t keep it straight.

Comment by The Selfish Hoarder
2016-02-19 17:20:29

Yes it’s true. But I have gold in my budget. And fully funding my Roth 401k and Roth IRA with the catchup ($30,500 this year). Gold is part of my necessary savings plan.

You never heard of “pay yourself first” did you?

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Comment by Raymond K Hessel
2016-02-19 06:57:45

George Soros: the psychopath’s psychopath behind Barak Obama and Hillary Clinton.


Comment by Goon
2016-02-19 07:45:23

George Soros needs to drink a polonium milkshake like five minutes ago.

Comment by Oddfellow
2016-02-19 08:11:37

Soros is super-wealthy so he’s incorruptible and speaks the truth, because why not? He doesn’t need any more money.

Isn’t that the Trumplogic?

Comment by Mafia Blocks
2016-02-19 08:19:34

That’s your slippery slope Lola.

Get some horsepower and ditch the heels before you tread on it.

Comment by CalifoH20
2016-02-19 12:09:07

rags to riches story, unlike Trump riches to riches….

Comment by Mafia Blocks
2016-02-19 18:01:40

Instead of all the jealousy, consider pulling yourself together and earning your own fortune.

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Comment by Mafia Blocks
2016-02-19 07:03:34

Happy Friday! :mrgreen:

Keeeeeeeeeeeeraaaaaaaaaank it up to 101 on this classic, sit back and count your pile O’ cash cuz life is good with a big stack.


Here’s one for you too Lola.


Comment by Donald Trump
2016-02-19 07:11:40

There are two kinds of people. Which one will you be? A loser like them? Or a winner like me.

Comment by Professor Bear
2016-02-19 14:44:44

Mr President has weighed in on this.

Comment by Professor Bear
2016-02-20 01:01:46

US Election 2016
Donald Trump will not be president, says Barack Obama
17 February 2016
From the section US Election 2016

Republican Donald Trump will not be president because it’s a “serious job”, President Barack Obama has said.

“I continue to believe that Mr Trump will not be president. And the reason is because I have a lot of faith in the American people,” said Mr Obama.

Mr Trump, a billionaire businessman, is the frontrunner in the race to be his party’s choice for the White House.

He has won one state primary already, and leads the polls in South Carolina, where Republicans vote on Saturday.

Speaking at the Asean economic summit in California, the president was asked by a reporter about Mr Trump.

The electorate will not pick him, said Mr Obama, because “they recognise that being president is a serious job”.

“It’s not hosting a talk show or a reality show, it’s not promotion, it’s not marketing, it’s hard. It’s not a matter of pandering and doing whatever will get you in the news on a given day.”

Comment by Raymond K Hessel
2016-02-19 07:20:53

Hillary caught on tape in the 1980s cackling about her success in getting a child rapist off on a technicality.


Comment by Goon
2016-02-19 08:14:47

Aisha was nine years old when the profit muhammed consummated the marriage.

Comment by Raymond K Hessel
2016-02-19 07:32:10

While the slack-jawed 95% maintain their bovine complacency as the banksters try to ram through their cashless society, in their greatest rip-off and control measure yet against the sheeple, the intrepid thinking 5% are fighting back.


Comment by Raymond K Hessel
2016-02-19 07:42:45

The smart money is exiting the Fed’s Ponzi markets and seeking the safe haven of precious metals.


Comment by Raymond K Hessel
2016-02-19 07:51:24

Trump candidacy a rejection of the neoliberal, corporate-statist status quo and its fiat currency financial chicanery.


Comment by The Selfish Hoarder
2016-02-19 10:36:55

And the Trump candidacy is an embracing to the good old days of internment camps, gas ovens, racism, and extra surveillance and hunting down of whistle blowers such as Edward Snowden.

Comment by RustyT
2016-02-19 16:16:53

The internment camps were from a democratic president via executive order 9039.

Comment by The Selfish Hoarder
2016-02-19 17:18:51

You think Trump is really a Republican? Only in name.

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Comment by Mafia Blocks
2016-02-19 07:54:16

<b”Think Another Crash Is Impossible? Think Again”


Get rid of debt. Liquidate whatever is necessary to do so and hold onto every dollar you’ve got. You’ll thank us later.

Comment by Combotechie
2016-02-19 09:10:21

And if you have a good, secure job then do whatever you need to do to keep it.

Comment by RustyT
2016-02-19 08:04:44

Imagine Donald Trump’s picture hanging in every federal building and office!

Oxide, where is the closest picture of the current president to where you sit?

Comment by Mafia Blocks
2016-02-19 08:21:24

On her desk.

Comment by oxide
2016-02-19 09:52:48

Usually the pix are at the guard stations at the entrances to the lobby of government buildings. To remind the guards whom they are protecting, maybe? Both Obama and Biden, btw.

Comment by RustyT
2016-02-19 16:19:08

Yer a good egg oxide.

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Comment by Goon
2016-02-19 08:21:08

Warmist Warming Weekend Edition, as provided by New York Times real journalists:

How much warmer was your city in 2015?


Denver set a new record high temperature yesterday, replete with wildfire warnings.

“This sucker could go down” — George W. Bush

Comment by Goon
2016-02-19 08:29:08

Another warmist narrative:


Infinite growth is not possible in a finite ecosystem. Jared Diamond wrote some nice books about the narratives of collapsing civilizations.

“This sucker could go down” — George W. Bush

Comment by Mafia Blocks
2016-02-19 08:27:15

lol@lolas and pimps


Comment by azdude
2016-02-19 11:00:08

Dont be a sore trumpling, take your losses like a man .

Comment by Mafia Blocks
2016-02-19 14:30:28


Comment by Goon
2016-02-19 08:41:51

It’s easier to be transgender than Republican in Hollywood:


The difference between libertarian and progressive is that if you are born male and choose to wear women’s panties, while you are free to do so, you don’t get a trophy for it.

Comment by Mafia Blocks
2016-02-19 09:58:15

California is the land of fruits and nuts. Where the nuts are fruity and fruits nutty…… and likely why Lola is here every day pimping Californica.

Comment by Goon
2016-02-19 08:49:48

Breitbart dot com is culturally libertarian, but when it comes to foreign policy, it is reliably neocon. Israel was a well intentioned idea, but it’s time to pull the plug on that colony of FAIL.


No smaller government or less regulation or lower taxes happening here.

Comment by Goon
2016-02-19 09:16:47

FoxNewsHate rallies the base, website leads with four ISIS narratives now, including one reporting that the ISIS has chemical weapons.

The national debt is now twenty trillion dollars. And this multi-front boots on the ground war in Iran, Iraq, Syria, Libya is gonna be really really expensive.

Look at William Kristol on your TeeVee. Do you know what he thinks of you? You’re just a dumb f*ing goyim, just more bodies to be fed into the neocon meat grinder to “secure the realm.”

P.S. Richard Perle lives in a villa in the South of France. Thanks taxpayers suckers!

Comment by CalifoH20
2016-02-19 11:54:46

I wonder if the Fox news bots hate Reagan for illegally selling weapons to the Muslims?

Comment by Mafia Blocks
2016-02-19 09:38:44

“Japan Goes Full Goebbels: Government Cracks Down On Media Over Negative Economic Reporting”


A page torn directly from the Fed’s Coordinated Finance And Media Reporting handbook.

Comment by azdude
2016-02-19 10:58:43

monetary policy is 90% talk.


Comment by sleepless_near_seattle
2016-02-19 15:37:31

Situation I was in this week:

Me: I’m going to offer $X on this property.

Realtwhore (in a dismissive tone): Wow, that’s really low!

Me: That’s what I think it’s worth and Oregon law dictates that you have to present it to the seller.

(counter-offer from seller occurred that was not based on price; I rejected counter-offer due to structural issue that came up.)

“Lowballing” is in the eye of the beholder.

Comment by Professor Bear
2016-02-19 11:55:01

Doesn’t the Fed backstop GSE debt?

ft dot com
February 19, 2016 6:20 pm
Fannie Mae at risk of needing a bailout
Barney Jopson in Washington

Fannie Mae, the state-sponsored US mortgage backer, is at risk of needing a government bailout that could shake confidence in the housing finance market, senior officials have warned.

Fannie Mae’s chief executive and its regulator are sounding the alarm on a decline in the institution’s capital cushion, which is on course to vanish in 2018, when it would have to ask the US Treasury for emergency funds.

Their warnings highlight Washington’s inaction on housing policy and its failure to reform the institution, which guarantees nearly $3tn of securities and enables 30-year fixed rate loans, following the last financial crisis.

Since 2008 Fannie Mae has been in the post-crisis limbo of state-sponsored “conservatorship”, neither fully nationalised nor private, following several unsuccessful attempts by Congress to overhaul it.

Because the government does not let Fannie Mae retain profits, Tim Mayopoulos, its chief executive, told the Financial Times on Friday that its capital buffer, which has dwindled from $30bn before the crisis to $1.2bn today, was on track to disappear by January 2018.

At that point it would be unable to weather quarterly losses and would need to draw on Treasury funds to avoid being placed into receivership.

So far investors who own Fannie Mae’s mortgage-backed securities have not been spooked, Mr Mayopoulos said, but he added: “We are a major source of liquidity to the mortgage markets and it would be better to avoid testing the market as to what the breaking point is well in advance of us getting to that point.”

His comments came the day after Mel Watt, Fannie Mae’s top regulator, thrust the issue into the spotlight.

Addressing both Fannie Mae and its counterpart Freddie Mac, Mr Watt, director of the Federal Housing Finance Agency, said: “The most serious risk and the one that has the most potential for escalating in the future is the enterprises’ lack of capital.”

“If investor confidence in enterprise securities went down and liquidity declined as a result, this could have real ramifications on the availability and cost of credit for borrowers,” he said in a speech.

Comment by CalifoH20
2016-02-19 12:20:58
Comment by Professor Bear
2016-02-19 13:39:35

Another day, another 3% drop in the oil price…

Comment by Professor Bear
2016-02-19 13:40:59

Marketwatch dot com

Bulletin Oil futures put under pressure by inventory data but notch weekly gain

Oil futures pressured by glut, but post weekly gain
Published: Feb 19, 2016 3:16 p.m. ET
Bulls say market has ‘found a floor’
By William Watts
Deputy markets editor
Georgi Kantchev
Jenny W. Hsu

Oil futures ended lower Friday as investors returned their focus to a global glut of crude, but the U.S. benchmark hung on to a weekly gain as bulls looked for signs of a bottom.

Brent oil (LCOJ6, -3.21%) the global oil benchmark, slid $1.27, or 3.7%, to end at $33.01 a barrel on London’s ICE Futures exchange, marking a 1.1% weekly decline. On the New York Mercantile Exchange, West Texas Intermediate futures (CLH6, -3.28%), the U.S. benchmark, fell $1.13, or 3.7%, to $29.64 a barrel. The nearby contract posted a weekly gain of 0.7%.

Comment by BigVHBB@gmail.com
2016-02-19 16:23:57


Comment by azdude
2016-02-19 17:20:15


Comment by Mafia Blocks
2016-02-19 18:53:33


Comment by Raymond K Hessel
2016-02-19 17:24:05

Will a Sanders victory in Nevada cause the market to tank on Monday, as Wall Street’s assumption that the sheeple will once again vote for its water carriers is suddenly called into question?

Comment by BigVHBB@gmail.com
2016-02-19 17:30:05

Is RustyT the same person as ABQDumbass?

Comment by Professor Bear
2016-02-20 01:05:50

Well, yes.

Comment by Raymond K Hessel
Comment by Blue Skye
2016-02-19 19:08:45

It’s like Grampa said about betting on the horses. Don’t buy a house with money you cannot afford to throw away.

If you have to borrow the money to throw it away, that’s unfortunate.

Comment by Professor Bear
2016-02-20 01:07:59

Not so bad if you manage to stiff your creditors and get off Scot free.

Like Donald Trump did.

Comment by Raymond K Hessel
2016-02-19 17:54:41

The vicious snake, or Frau Merkel’s folly in bringing in Merkel’s Marauders.


Comment by Raymond K Hessel
Comment by Obama Goons
2016-02-19 18:55:00

Hillaryous is unelectable.

Comment by Raymond K Hessel
2016-02-19 18:37:02

In Flint, MI, stupid people elected corrupt Democrats (redundant, I realize) who through their fecklessness ended up poisoning the local community (which, I remind you, voted for these scumbags). Now some of the Flint Democrat officials may be charged with manslaughter - but will the sheeple who elected them ever take any responsibility for their own actions?


Comment by The Selfish Hoarder
2016-02-19 21:41:00

Trump appeals to Nazis

Comment by phony scandals
2016-02-20 14:24:11

Photo: Hillary Protects Britney Spears from Bill | MRCTV
http://www.mrctv.org/blog/photo-hillary-protects-britney-spears-bill - 33k - Cached - Similar pages
1 day ago

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