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I have been waiting for a story in the media that uses the "D" word. Maybe it's already happened but I haven't seen it before this one. (http://losangeles.cbslocal.com/2011/07/11/analyst-even-dollar-stores-struggling-in-obama-depression/)
This is the "business news" equivalent of calling O'Bama "kind of a dick."
Davidowitz pointed to the weakness of the dollar and a gloomy consumer outlook as some of the factors behind the stores’ slump.
“In those stores, somebody comes in with $12 to do all their shopping,” said Davidowitz. “The person who used to come in with $12 now comes in with $8.”
“In other words, the economy is continuing to be worse, the Obama depression continues to explode,” he added.
It's also sort of an "emperor has no clothes" moment regarding O'Bamanomics. When it gets so bad that the media begins to spell out the obvious (O'Bama is a boob) then we have reached a turning point. That is, they can either no longer defend the indefensible and/or they are no longer afraid to speak the truth.
If there are other media outlets out there which have already used this term you may post them. And certainly post any new "Depression" and especially any new "O'Bama depression" sitings that you may come across.
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I scanned Bing's first 50. It seems gNewt used the term yesterday and for the moment owns it.
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I saw this article earlier and my initial thought was "welcome to the party pal!", but now that I think about it, it really is quite symbolic of Obamanomics and the cult of economic destruction of the Left, isn't it!
Hey Obama & Dem's! Own it, bitches!
::mooning::
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I saw this article earlier and my initial thought was "welcome to the party pal!", but now that I think about it, it really is quite symbolic of Obamanomics and the cult of economic destruction of the Left, isn't it!
Hey Obama & Dem's! Own it, bitches!
::mooning::
Is it still Bush's fault? ::unknowncomic::
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I saw this article earlier and my initial thought was "welcome to the party pal!", but now that I think about it, it really is quite symbolic of Obamanomics and the cult of economic destruction of the Left, isn't it!
Hey Obama & Dem's! Own it, bitches!
::mooning::
They may own it but who's paying for it?
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Vox Day has been using the term from the onset of this recession/depression and gives evidence to back it up comparing ban failures rates with that of the Great Depression of FDR's making. Wrong policies as the solutions getting identical results. Wrote a book documenting the data to and you can find all of his columns over at WND.
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I scanned Bing's first 50. It seems gNewt used the term yesterday and for the moment owns it.
Yeah, but Newt is a partisan so he doesn't count toward what I was thinking about. I've heard right wing people use the "D" word many times recently.
I was looking for a first mention in the leftwing media because once that starts it is pretty much all over.
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Vox Day has been using the term from the onset of this recession/depression and gives evidence to back it up comparing ban failures rates with that of the Great Depression of FDR's making. Wrong policies as the solutions getting identical results. Wrote a book documenting the data to and you can find all of his columns over at WND.
I don't doubt this but again, I'm looking for a trend starting in the MFM. WND doesn't count using that criteria.
The CBS affiliate listed above might be the first but I'm thinking that there will be others and it will pick up steam.
The MFM is biased left, no doubt about it, but when there is blood in the water they revert to form.
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Depression, in economics, period of economic crisis in commerce, finance, and industry, characterized by falling prices, restriction of credit, low output and investment, numerous bankruptcies, and a high level of unemployment.
http://encyclopedia2.thefreedictionary.com/depression (http://encyclopedia2.thefreedictionary.com/depression)
We don't have falling prices, thanks to The Ben Bernanke & Turbo Timmy "Hoorah for Inflation" tour! But we due have restricted credit...rates are low (too low) but nobody wants to extend themselves risk-wise and there is little business appetite to take on more debt to fund expansion/acquisition plans. We have low output and little investment. Bankruptcies continue to play out and we most definitely have high unemployment.
This is not our grandparents' depression, it is something else, and if things get worse (and with this bunch in the WH running the show worse is a good bet) it could get fugly.
For more on business & unemployment, see this new thread -
http://itsaboutliberty.com/index.php/topic,2172.new.html#new (http://itsaboutliberty.com/index.php/topic,2172.new.html#new)
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HURT: Welcome to Jimmy Carter’s 2nd term
http://www.washingtontimes.com/news/2011/jul/12/hurt-welcome-to-jimmy-carters-2nd-term/?page=all#pagebreak (http://www.washingtontimes.com/news/2011/jul/12/hurt-welcome-to-jimmy-carters-2nd-term/?page=all#pagebreak)
The perfect question to level at Obama voters - "How did this man get past sixth-grade social studies, much less Iowa?"
As as far as this goes - "Lucky for us, it appears more and more unlikely every day that we will have to suffer through a third term of Jimmy Carter‘s."
God, I pray Charlie is right!!!
But then I think how stupid people flocked to this POS the first time around...see NBP thugs get the green light to keep anti-Obama forces from the polls...judges giving fraud, theft and all manner of illegality the veneer of legitimacy and I get freaking nervous and angry!
::angry::
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I think that ecerybody here is at least angry and good many are nervous.I myself am past all that and have a firm grip on just plain old pissed off!!
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Being saturated daily, sometimes hourly, by this tyrannical regime...PO'd? Yeah, overwhelmingly so!
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Being saturated daily, sometimes hourly, by this tyrannical regime...PO'd? Yeah, overwhelmingly so!
Don't get mad - get even.
As a black-belt FUD-mucker I do what I can to heighten the same (or similar) anxieties that we experience in leftists around me. Beyond the "How's that hope~n~change working for ya" and the little stickers for the gas pumps, I observe my prey for their interests and exploit their fears (and yes - I am completely comfortable in this endeavor - thanks for asking ;-)
For example - if my prey has a hybrid I ask them if they've heard about the skyrocketing increases in electricity rate caused by added load? Add to that the report i read about "smart-grid" controllers that have been damaging the electrical systems in.....hybrids?
Or hiking. They like to use (and abuse) the state parks but seldom want to pay for it ("our taxes pay for that"). I casually remind them of the number of parks that have closed since Øbozo took over and the user fees (taxes) that they now have to pay for the parks that are still open. Then add the explosion of crime in the parks. Ain't I a stinker?!
The reason why I do this is simple. After looking at the litany of abuses since the Øbozo circus came to town I would have thought that the left would be just as outraged as the right is - even more so since they invested in that dry well. But despite the fact that they are getting hit every bit as hard as we are, they continue to circle the wagons and lend support to the very thing that is hurting all of us.
If they won't see reason then they'll feel the whip. The only way they'll change their thinking is if I beat it into them.
I'm up for the challenge ::evilbat::
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Ooo, go baby!
I'm taking a page out of that book from now on, I am.
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Remember how mom used to tell us, "You'll catch more flies with honey than vinegar"? (Who would want to catch flies?!) The key to effective FUD-Mucking is to remain light and casual. If you are angry, if you are hostile, and especially if you are confrontational they'll throw up the defensive castle-walls and reject everything you say. If you feign interest and friendliness they will be more receptive to your psychological stress-bombs. (for such innately deceitful people they sure are gullible!).
In Internet-eze I believe the tactic is called "concern-trolling".
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Remember how mom used to tell us, "You'll catch more flies with honey than vinegar"? (Who would want to catch flies?!) The key to effective FUD-Mucking is to remain light and casual. If you are angry, if you are hostile, and especially if you are confrontational they'll throw up the defensive castle-walls and reject everything you say. If you feign interest and friendliness they will be more receptive to your psychological stress-bombs. (for such innately deceitful people they sure are gullible!).
In Internet-eze I believe the tactic is called "concern-trolling".
Ah. I see. So, the ole "flail like a sledgehammer, sting like one too" is not a working strategery? Hmmm. Gonna have to rethink this one.
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A time and a place Pan - a time and a place ::thumbsup::
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A time and a place Pan - a time and a place ::thumbsup::
*sigh*
Send up the flare when it is.
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It has become a game for me and my brother when we are out together...usually pulling our boat, someone will make a "cost of gas" or "it's hot"comment, we make a quick read as to what we are talkin to and then pounce.....light and casual, of course. LOL.....
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My proclivity toward smartassness and relative my inability to keep my mouth shut often hit people with blunt force. And keeping my temper under control has always been a challenge. Picking my battles, especially with this bunch
running ruining things, tests me to the limit, but I get my fair share of shots in. Dumbfounded stares and frightened looks are routine. For friends of friends or friends of family, encountering my bluntness can be painful. I will be tested this weekend no doubt with my niece/Godchild getting married. An open bar could remove all filters. What are the odds somebody will say something stupid and set me off?
As far as that flare goes, seems like I've been waiting an eternity...
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My proclivity toward smartassness and relative my inability to keep my mouth shut often hit people with blunt force. And keeping my temper under control has always been a challenge. Picking my battles, especially with this bunch running ruining things, tests me to the limit, but I get my fair share of shots in. Dumbfounded stares and frightened looks are routine. For friends of friends or friends of family, encountering my bluntness can be painful. I will be tested this weekend no doubt with my niece/Godchild getting married. An open bar could remove all filters. What are the odds somebody will say something stupid and set me off?
As far as that flare goes, seems like I've been waiting an eternity...
You would get along quite well with my brother.....LOL
My bro is fed up, can't take it anymore and it is not shy to, literally, call dems stupid. As he calls it, "spreads the love" on our fishing trips at every opportunity.....Gas station, ramp, motel...if he gets the opportunity to take a shot, he does.
Example: Last week, 4:00 am, we are waiting for a particular station (non ethanol) to open, need gas in the boat. We pulled up to a BP (10% ethanol), bought ice,(really had to use the john) pulled over to the side...waiting.....Boater pulls in, fills up his boat and approaches us for info on a ramp...Little small talk, he makes the mistake of telling us his motor has issues, bulb won't stay primed, etc, which is all the invite my bro needed. All my bro said was" It's the gas you are using". Which led to the answer " But its more than across the street". Which led to something like " not only will you have issues putting subsidized ethanol in your boat, but you are supporting the obamanation of this country, falling for the claim this is actually good gas, driving up the cost of our engines, our cars, anything with a motor because we scramble to make a product to run on this piss, while spending much more for the additive to keep your gas mixed, than buying non ethanol, at least for your boat.... YOU are buying the additive, arent you?"
Which led to some stumbling answer, which led to the bro lamenting we need to wake up, think and get rid of this crap.... I don't remember word for word, but he was on a roll.....It was another classic day on the lake.....
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My proclivity toward smartassness and relative my inability to keep my mouth shut often hit people with blunt force. And keeping my temper under control has always been a challenge. Picking my battles, especially with this bunch running ruining things, tests me to the limit, but I get my fair share of shots in. Dumbfounded stares and frightened looks are routine. For friends of friends or friends of family, encountering my bluntness can be painful. I will be tested this weekend no doubt with my niece/Godchild getting married. An open bar could remove all filters. What are the odds somebody will say something stupid and set me off?
As far as that flare goes, seems like I've been waiting an eternity...
You would get along quite well with my brother.....LOL
My bro is fed up, can't take it anymore and it is not shy to, literally, call dems stupid. As he calls it, "spreads the love" on our fishing trips at every opportunity.....Gas station, ramp, motel...if he gets the opportunity to take a shot, he does.
Example: Last week, 4:00 am, we are waiting for a particular station (non ethanol) to open, need gas in the boat. We pulled up to a BP (10% ethanol), bought ice,(really had to use the john) pulled over to the side...waiting.....Boater pulls in, fills up his boat and approaches us for info on a ramp...Little small talk, he makes the mistake of telling us his motor has issues, bulb won't stay primed, etc, which is all the invite my bro needed. All my bro said was" It's the gas you are using". Which led to the answer " But its more than across the street". Which led to something like " not only will you have issues putting subsidized ethanol in your boat, but you are supporting the obamanation of this country, falling for the claim this is actually good gas, driving up the cost of our engines, our cars, anything with a motor because we scramble to make a product to run on this piss, while spending much more for the additive to keep your gas mixed, than buying non ethanol, at least for your boat.... YOU are buying the additive, arent you?"
Which led to some stumbling answer, which led to the bro lamenting we need to wake up, think and get rid of this crap.... I don't remember word for word, but he was on a roll.....It was another classic day on the lake.....
Heh, I like him already!
::thumbsup::
Stories like that just show how people use too little of their brain! And stupidity more than anything impels me into rage.
I think I'd like fishin' with you guys!
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My proclivity toward smartassness and relative my inability to keep my mouth shut often hit people with blunt force. And keeping my temper under control has always been a challenge. Picking my battles, especially with this bunch running ruining things, tests me to the limit, but I get my fair share of shots in. Dumbfounded stares and frightened looks are routine. For friends of friends or friends of family, encountering my bluntness can be painful. I will be tested this weekend no doubt with my niece/Godchild getting married. An open bar could remove all filters. What are the odds somebody will say something stupid and set me off?
As far as that flare goes, seems like I've been waiting an eternity...
You would get along quite well with my brother.....LOL
My bro is fed up, can't take it anymore and it is not shy to, literally, call dems stupid. As he calls it, "spreads the love" on our fishing trips at every opportunity.....Gas station, ramp, motel...if he gets the opportunity to take a shot, he does.
Example: Last week, 4:00 am, we are waiting for a particular station (non ethanol) to open, need gas in the boat. We pulled up to a BP (10% ethanol), bought ice,(really had to use the john) pulled over to the side...waiting.....Boater pulls in, fills up his boat and approaches us for info on a ramp...Little small talk, he makes the mistake of telling us his motor has issues, bulb won't stay primed, etc, which is all the invite my bro needed. All my bro said was" It's the gas you are using". Which led to the answer " But its more than across the street". Which led to something like " not only will you have issues putting subsidized ethanol in your boat, but you are supporting the obamanation of this country, falling for the claim this is actually good gas, driving up the cost of our engines, our cars, anything with a motor because we scramble to make a product to run on this piss, while spending much more for the additive to keep your gas mixed, than buying non ethanol, at least for your boat.... YOU are buying the additive, arent you?"
Which led to some stumbling answer, which led to the bro lamenting we need to wake up, think and get rid of this crap.... I don't remember word for word, but he was on a roll.....It was another classic day on the lake.....
Heh, I like him already!
::thumbsup::
Stories like that just show how people use too little of their brain! And stupidity more than anything impels me into rage.
I think I'd like fishin' with you guys!
I think I would raher have a few at a local Gin mill with them.
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My proclivity toward smartassness and relative my inability to keep my mouth shut often hit people with blunt force. And keeping my temper under control has always been a challenge. Picking my battles, especially with this bunch running ruining things, tests me to the limit, but I get my fair share of shots in. Dumbfounded stares and frightened looks are routine. For friends of friends or friends of family, encountering my bluntness can be painful. I will be tested this weekend no doubt with my niece/Godchild getting married. An open bar could remove all filters. What are the odds somebody will say something stupid and set me off?
As far as that flare goes, seems like I've been waiting an eternity...
You would get along quite well with my brother.....LOL
My bro is fed up, can't take it anymore and it is not shy to, literally, call dems stupid. As he calls it, "spreads the love" on our fishing trips at every opportunity.....Gas station, ramp, motel...if he gets the opportunity to take a shot, he does.
Example: Last week, 4:00 am, we are waiting for a particular station (non ethanol) to open, need gas in the boat. We pulled up to a BP (10% ethanol), bought ice,(really had to use the john) pulled over to the side...waiting.....Boater pulls in, fills up his boat and approaches us for info on a ramp...Little small talk, he makes the mistake of telling us his motor has issues, bulb won't stay primed, etc, which is all the invite my bro needed. All my bro said was" It's the gas you are using". Which led to the answer " But its more than across the street". Which led to something like " not only will you have issues putting subsidized ethanol in your boat, but you are supporting the obamanation of this country, falling for the claim this is actually good gas, driving up the cost of our engines, our cars, anything with a motor because we scramble to make a product to run on this piss, while spending much more for the additive to keep your gas mixed, than buying non ethanol, at least for your boat.... YOU are buying the additive, arent you?"
Which led to some stumbling answer, which led to the bro lamenting we need to wake up, think and get rid of this crap.... I don't remember word for word, but he was on a roll.....It was another classic day on the lake.....
Heh, I like him already!
::thumbsup::
Stories like that just show how people use too little of their brain! And stupidity more than anything impels me into rage.
I think I'd like fishin' with you guys!
I think I would raher have a few at a local Gin mill with them.
I don't know how y'all fish, but in my neck of the woods we often combine the two!
::beertoast::
;D
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My proclivity toward smartassness and relative my inability to keep my mouth shut often hit people with blunt force. And keeping my temper under control has always been a challenge. Picking my battles, especially with this bunch running ruining things, tests me to the limit, but I get my fair share of shots in. Dumbfounded stares and frightened looks are routine. For friends of friends or friends of family, encountering my bluntness can be painful. I will be tested this weekend no doubt with my niece/Godchild getting married. An open bar could remove all filters. What are the odds somebody will say something stupid and set me off?
As far as that flare goes, seems like I've been waiting an eternity...
Ah, Libertas; you don't want to be the ruination of the Goddaughter's wedding. Put someone else in charge of your mouth for the duration; you'll be glad you did. Gunsmith can be counted on to run interference for mine in the most delicate of situations. ::laughonfloor:: Otherwise, he'll just stand by and let 'er rip.
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My proclivity toward smartassness and relative my inability to keep my mouth shut often hit people with blunt force. And keeping my temper under control has always been a challenge. Picking my battles, especially with this bunch running ruining things, tests me to the limit, but I get my fair share of shots in. Dumbfounded stares and frightened looks are routine. For friends of friends or friends of family, encountering my bluntness can be painful. I will be tested this weekend no doubt with my niece/Godchild getting married. An open bar could remove all filters. What are the odds somebody will say something stupid and set me off?
As far as that flare goes, seems like I've been waiting an eternity...
Ah, Libertas; you don't want to be the ruination of the Goddaughter's wedding. Put someone else in charge of your mouth for the duration; you'll be glad you did. Gunsmith can be counted on to run interference for mine in the most delicate of situations. ::laughonfloor:: Otherwise, he'll just stand by and let 'er rip.
He mostly would let you rip it's when you go for the chair over the head is when he steps in.
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Tsk. Look what we did; we done gone and hijacked trap's Obama Depression thread.
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My bro is fed up, can't take it anymore and it is not shy to, literally, call dems stupid. As he calls it, "spreads the love" on our fishing trips at every opportunity.....Gas station, ramp, motel...if he gets the opportunity to take a shot, he does.
I have a brother like that too. Actually, it's kinda sobering but in my family I'm considered the thoughtful son ;D
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Tsk. Look what we did; we done gone and hijacked trap's Obama Depression thread.
'sokay - I was getting sorta depressed anyway ::laughonfloor::
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"Spreading the love".......
Another one of our favs, as we are greeted, we come back with "It's all good, ain't it"? Leads to all sorts of informative conversation.
If you want to have fun, greet people with " It's all great! Right?" or...."We're all good". Aren'T you?" First, normally find their political leanings. Obama supporters normally stammer. You can imagine how conversation can go. We have way too much fun with it.
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"It's all good"
The only thing that prompts a stronger (negative) Pavlovian response in my older brother are grownups who wear their baseball caps backwards (kids are stupid so they get a pass)... ::exitstageleft::
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"It's all good"
The only thing that prompts a stronger (negative) Pavlovian response in my older brother are grownups who wear their baseball caps backwards (kids are stupid so they get a pass)... ::exitstageleft::
I Like you brother's thinking.
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"It's all good"
The only thing that prompts a stronger (negative) Pavlovian response in my older brother are grownups who wear their baseball caps backwards (kids are stupid so they get a pass)... ::exitstageleft::
Oh boy! Do I ever get that!
That, and "It is what it is". ::laserkill::
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"It's all good"
The only thing that prompts a stronger (negative) Pavlovian response in my older brother are grownups who wear their baseball caps backwards (kids are stupid so they get a pass)... ::exitstageleft::
Oh boy! Do I ever get that!
That, and "It is what it is". ::laserkill::
Hey I use that one!!
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"It's all good"
The only thing that prompts a stronger (negative) Pavlovian response in my older brother are grownups who wear their baseball caps backwards (kids are stupid so they get a pass)... ::exitstageleft::
Oh boy! Do I ever get that!
That, and "It is what it is". ::laserkill::
Hey I use that one!!
::rockethrow::
Stop. It nihilistic and fatalistic, like you're just a helpless boob or something.
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We're all good...Right????
::hysterical::
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We're all good...Right????
::hysterical::
Of course! Just the usual JF and Pan show, that's all. For your amusement.
/although I think trap's going to be annoyed about his thread
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Here's another one; "In a hundred years no one will give a chit"
Makes my brother crazy! ::hysterical::
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I say "it is what it is" a lot - whenever I am discussing situations that are what they are.
::thinking:: ::exitstageleft::
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I'm annoyed by lazy language in general. One of my most frequent peeves is "My bad."
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I say "it is what it is" a lot - whenever I am discussing situations that are what they are.
::thinking:: ::exitstageleft::
::throwinguphands::
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I'm annoyed by lazy language in general. One of my most frequent peeves is "My bad."
THAT makes my best friend go nukular.
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I say "it is what it is" a lot - whenever I am discussing situations that are what they are.
::thinking:: ::exitstageleft::
Thank you!! ;D
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My bro is fed up, can't take it anymore and it is not shy to, literally, call dems stupid. As he calls it, "spreads the love" on our fishing trips at every opportunity.....Gas station, ramp, motel...if he gets the opportunity to take a shot, he does.
I have a brother like that too. Actually, it's kinda sobering but in my family I'm considered the thoughtful son ;D
Say what?? ::saywhat::
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My proclivity toward smartassness and relative my inability to keep my mouth shut often hit people with blunt force. And keeping my temper under control has always been a challenge. Picking my battles, especially with this bunch running ruining things, tests me to the limit, but I get my fair share of shots in. Dumbfounded stares and frightened looks are routine. For friends of friends or friends of family, encountering my bluntness can be painful. I will be tested this weekend no doubt with my niece/Godchild getting married. An open bar could remove all filters. What are the odds somebody will say something stupid and set me off?
As far as that flare goes, seems like I've been waiting an eternity...
Ah, Libertas; you don't want to be the ruination of the Goddaughter's wedding. Put someone else in charge of your mouth for the duration; you'll be glad you did. Gunsmith can be counted on to run interference for mine in the most delicate of situations. ::laughonfloor:: Otherwise, he'll just stand by and let 'er rip.
::hysterical::
Many have tried, few have succeeded!
I promise I won't be the ruination of the wedding. If I could make it through my Nephew's wedding without strangling anybody on her libtard side of the family I should be OK here. I think in that last wedding prey senses when the predator is near and wisely laid low.
But my clan knows I'll behave myself unless/until someone says something really dumb. And they'll know I'll only start with a gentle teasing to let the other person know I'm probing and if they dare enter the trap of their own free will then may God have mercy on their soul! If I am not too agitated yet all they have to do is say "Let me get you another drink" and lead me to the bar...
And knowing me as they do I think they know better than to screw up the seating arrangements by placing me next to known morons. Most likely I'll be seated with the old folks, that way even if I say anything nobody will hear it anyway...
But to ease your mind I'll try to be more detached. Sometimes it is better to say nothing at all. And who knows? Maybe somebody else can pick up my slack and all I have to do is chuckle!
;)
PS for Trap - Sorry about the thread-jacking!
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PS-They sat me with my sister and her family (basically the kiddie table)! ;D
And the Groom's family is German and likes beer! ::beertoast::
Everything went smoothly and there wasn't a hint of politics mentioned all night, well, not with people I didn't already know were like me anyway. ::thumbsup::
Happy couple is off to the Caribbean for a week of fun, sun & serf! ::whoohoo::
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Good show ::thumbsup::
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Good show ::thumbsup::
We're so proud of you.
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PS-They sat me with my sister and her family (basically the kiddie table)! ;D
And the Groom's family is German and likes beer! ::beertoast::
Everything went smoothly and there wasn't a hint of politics mentioned all night, well, not with people I didn't already know were like me anyway. ::thumbsup::
Happy couple is off to the Caribbean for a week of fun, sun & serf! ::whoohoo::
Are they going to take turns serfing or will that be his permanent position? ::rolllaughing::
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::hammer::
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PS-They sat me with my sister and her family (basically the kiddie table)! ;D
And the Groom's family is German and likes beer! ::beertoast::
Everything went smoothly and there wasn't a hint of politics mentioned all night, well, not with people I didn't already know were like me anyway. ::thumbsup::
Happy couple is off to the Caribbean for a week of fun, sun & serf! ::whoohoo::
Are they going to take turns serfing or will that be his permanent position? ::rolllaughing::
Heh, no. My niece will not be able to run roughshod over him like like the wife of my nephew does. She's already tried a small bit of that and he wasn't having anything to do with it. He's more responsible, logical, structured to her easy-going devil may care nature so they've already learned how to compleiment one another, but that didn't stop her from testing the boundaries. Having done so she still digs him. He is a likeable fella and seems to be able to resolve things easily.
Did I mention he likes beer?
::beertoast::
;D
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Yes, you mentioned he likes beer. ;D
I'm happy you had a good time and they had a good wedding reception. I wish them good fortune.
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Yes, you mentioned he likes beer. ;D
I'm happy you had a good time and they had a good wedding reception. I wish them good fortune.
I'm happy nobody gave him cause to trash the place. ::praying:: ::hysterical::
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Did I mention he likes beer?
::beertoast::
;D
But does he like beer?
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Borders Books (10K+ employees) is officially dead. Partly a casualty of the e-book revolution but mainly a victim of the wonders of O'Bamanomics.
LINK (http://online.wsj.com/article/SB10001424052702303661904576454353768550280.html?mod=WSJ_hp_LEFTTopStories)
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Current national average gasoline price per gallon is $4.22
One year ago it was $2.88
LINK (http://fuelgaugereport.aaa.com/?redirectto=http://fuelgaugereport.opisnet.com/index.asp)
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Mark Levin said it again tonight: we're in a depression.
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Mark Levin said it again tonight: we're in a depression.
I hate to say this but by the looks of things ( negative polling on Repub. handling of Debt Crisis , continued pro-Stymie message from left media , etc. ) we will need some devastating hits to the economy before that Aborigine is kicked out of the White House .
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The poll is of 810 adults, not registered or likely voters. The sample is 25% Republican; 35% Democrats and 41% Independent (for comparison the vote in the 2010 Congressional elections were: 35% Democrat; 35% Republican and 29% Independent)
There is only one question asked: "Do you approve or disapprove of the way Republicans [Democrats] in Congress [or Obama] are handling the current negotiations on the debt ceiling?" There are no follow up questions regarding various proposals for spending cuts or tax increases.
Not surprisingly, therefore, 51% of the Republicans in the sample say they disapprove of the Republicans in Congress, as many Republicans are uncertain if their members of Congress will cave in as they have in the past and they are given no alternative yes or no question.
When Democrats are asked the same question of their party in Congress, 56% approve and only 32% disapprove.
The swing constituents in the poll are the so-called independents, who are invariably in the sample of any major poll skewed to the left, disapprove of the Republicans in Congress by 73%, to 17% approval but still disapprove of the Democrats by 66% to 23%.
http://www.americanthinker.com/blog/2011/07/misreading_the_new_cbs_poll.html (http://www.americanthinker.com/blog/2011/07/misreading_the_new_cbs_poll.html)
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The poll is of 810 adults, not registered or likely voters. The sample is 25% Republican; 35% Democrats and 41% Independent (for comparison the vote in the 2010 Congressional elections were: 35% Democrat; 35% Republican and 29% Independent)
There is only one question asked: "Do you approve or disapprove of the way Republicans [Democrats] in Congress [or Obama] are handling the current negotiations on the debt ceiling?" There are no follow up questions regarding various proposals for spending cuts or tax increases.
Not surprisingly, therefore, 51% of the Republicans in the sample say they disapprove of the Republicans in Congress, as many Republicans are uncertain if their members of Congress will cave in as they have in the past and they are given no alternative yes or no question.
When Democrats are asked the same question of their party in Congress, 56% approve and only 32% disapprove.
The swing constituents in the poll are the so-called independents, who are invariably in the sample of any major poll skewed to the left, disapprove of the Republicans in Congress by 73%, to 17% approval but still disapprove of the Democrats by 66% to 23%.
http://www.americanthinker.com/blog/2011/07/misreading_the_new_cbs_poll.html (http://www.americanthinker.com/blog/2011/07/misreading_the_new_cbs_poll.html)
I want a beer!
Mostly because I hate wasting beer if I am going to hit an idiot over the head with the bottle!
::rockethrow::
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Sick parasites of the ObamaDepression resort to defiling the dead to steal...violating honored dead!
http://boston.cbslocal.com/2011/07/19/metal-markers-stolen-from-abington-veterans%E2%80%99-graves/ (http://boston.cbslocal.com/2011/07/19/metal-markers-stolen-from-abington-veterans%E2%80%99-graves/)
I'd bury the bastards alive after catching them!
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After the market sell-off yesterday, I guess I am expecting today to be a downer too.
The charts don't look good so I guess down is the direction to get used to...the O'Bama Depression gonna get fugly!
http://www.zerohedge.com/news/guest-post-where-are-markets-headed-next (http://www.zerohedge.com/news/guest-post-where-are-markets-headed-next)
The comments, as always, are entertaining and informative.
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More documentation for the Obama Depression...
High unemplyment (even in the cooked Govt numbers) -
http://hosted.ap.org/dynamic/stories/U/US_ECONOMY?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2011-08-05-08-32-00 (http://hosted.ap.org/dynamic/stories/U/US_ECONOMY?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2011-08-05-08-32-00)
Record number of dependents on food stamps -
http://realclearpolitics.com/video/2011/08/05/gingrich_obama_most_effective_food_stamp_president_in_history.html (http://realclearpolitics.com/video/2011/08/05/gingrich_obama_most_effective_food_stamp_president_in_history.html)
(I'm sure it's all spent on food...)
/
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Yeah, about that "I'm sure it's spent on food"/sarc.
Have any of you heard the ads that have started down here about the pore&starvin' kids that aren't being fed since summer's here and there's no school-fed meals, the assumption being they're not fed at home?
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Yeah, about that "I'm sure it's spent on food"/sarc.
Have any of you heard the ads that have started down here about the pore&starvin' kids that aren't being fed since summer's here and there's no school-fed meals, the assumption being they're not fed at home?
The people that run those programmes want to keep their people on the job even when schools are closed.
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I gotta start posting this at the pump!
(http://i585.photobucket.com/albums/ss291/libertasinfinitio/Warnings/obamagasprices.jpg)
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Welp, the market is rebounding today, imo, based on speculation that qe3 cannot be far behind. The rumors are there. Something about supposedly free money that creates interest in the market.
I don't recommend this for everyone, but I'm playing the bounce. If you have no issue shorting stocks, then buying on the downfall, there is (useless) money to be made.
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I'm probably going to buy more Exxon, every time it drops, I buy more. It always goes up, oil is a good long play and they pay good dividends! It's the only true equity I hold.
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I'm probably going to buy more Exxon, every time it drops, I buy more. It always goes up, oil is a good long play and they pay good dividends! It's the only true equity I hold.
I took a flyer the market would rebound today so at the end of trading yesterday I bought 2 banks....Regions(my hometown bank) and Bank of America. I also bought ARIA ( drug company which had run up before the fall) and I bought some Ford. Today, i'll enter a stop loss on all of 'em in hopes the market contunies up tomarrow. I'm afraid of buying long term.
I really hate "investing" like this. Plus, since I'm not a daytrader, there are limits to buying and selling, if I;m not mistaken. I normally buy and hold. I guess I need to get an explanation on the rules.
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I'm probably going to buy more Exxon, every time it drops, I buy more. It always goes up, oil is a good long play and they pay good dividends! It's the only true equity I hold.
I took a flyer the market would rebound today so at the end of trading yesterday I bought 2 banks....Regions(my hometown bank) and Bank of America. I also bought ARIA ( drug company which had run up before the fall) and I bought some Ford. Today, i'll enter a stop loss on all of 'em in hopes the market contunies up tomarrow. I'm afraid of buying long term.
I really hate "investing" like this. Plus, since I'm not a daytrader, there are limits to buying and selling, if I;m not mistaken. I normally buy and hold. I guess I need to get an explanation on the rules.
For equities the rules are less tough, just check with whoever your trade through. I have to review my rules as well, there is some other plays I am contemplating, but I want to check things out before I bite.
I am backing off on my Exxon purchase for now, oil is dropping so if there is more pullback in energy I'll wait and see what the open is like tomorrow before I pick up some more shares.
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More misery Duh Wun can tout -
CPI up, even this over-cooked stat is going bad, not good news for America any way you cut it. And jobless claims once more go above 400k (and keep in mind they always always get revised up)!
http://www.ritholtz.com/blog/2011/08/economic-data-64/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheBigPicture+%28The+Big+Picture%29 (http://www.ritholtz.com/blog/2011/08/economic-data-64/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheBigPicture+%28The+Big+Picture%29)
http://www.zerohedge.com/news/scariest-chart-ever-philly-fed-versus-non-farm-payrolls?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29 (http://www.zerohedge.com/news/scariest-chart-ever-philly-fed-versus-non-farm-payrolls?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29)
And the market is crapping itself...but Gold is on the march...
http://www.zerohedge.com/contributed/isnt-just-correction-second-round-great-crisis-here?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29 (http://www.zerohedge.com/contributed/isnt-just-correction-second-round-great-crisis-here?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29)
The Obama destruction continues...
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Thank God I'm out. ::lalanotlistening::
(http://www.dispatch.com/content/graphics/2011/08/16/stah110816_620.jpg)
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Yeah, about that "I'm sure it's spent on food"/sarc.
Have any of you heard the ads that have started down here about the pore&starvin' kids that aren't being fed since summer's here and there's no school-fed meals, the assumption being they're not fed at home?
Take 'em down to the dock, there's always work there.
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Wow, really sucks to suffer the Obama Depression in Chicago...I guess Rahm-hole is competing with Obama for Biggest Loser -
http://www.illinoispolicy.org/news/article.asp?ArticleSource=4362 (http://www.illinoispolicy.org/news/article.asp?ArticleSource=4362)
:P
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Yeah, about that "I'm sure it's spent on food"/sarc.
Have any of you heard the ads that have started down here about the pore&starvin' kids that aren't being fed since summer's here and there's no school-fed meals, the assumption being they're not fed at home?
Take 'em down to the dock, there's always work there.
Don't worry.
There's a program for that.
My wife works for the local Community Action.
They have a summer feeding program where they take food to all the playgrounds to be wasted
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Obama Flake (http://www.youtube.com/watch?v=HVMhz0tSllo#ws)
Here's a good column (http://minx.cc/?post=320638) to go with it.
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(http://img843.imageshack.us/img843/8139/newyorktimesscoamf.jpg) (http://imageshack.us/photo/my-images/843/newyorktimesscoamf.jpg/)
Uploaded with ImageShack.us (http://imageshack.us)
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(http://img580.imageshack.us/img580/3549/15692995.png) (http://imageshack.us/photo/my-images/580/15692995.png/)
Uploaded with ImageShack.us (http://imageshack.us)
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(http://img822.imageshack.us/img822/5071/clustercereal.jpg)
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No apologies for the tone of the above posts. (All images found at AoS.)
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(http://floppingaces.net/wp-content/uploads/2011/08/de157ca0b239012e2f8800163e41dd5b.gif)
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Ace just put up another one...
(http://img695.imageshack.us/img695/8362/timeobama55.png)
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O'Bama Would Be A Cinch For Re-election If It Weren't For The Just Plain Bad Luck Of A Poor Economy (http://www.realclearpolitics.com/articles/2011/08/14/why_obama_looks_so_bad_110937.html)
Yeah, and I could be the men's singles champion at Wimbledon if I could only play tennis. Hard cheese.
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Read this one by Mona Charon (http://www.realclearpolitics.com/articles/2011/08/02/why_obamas_economy_wont_improve_110789.html) over at RCP. She starts out with this typical GOP establishment statement:
There are some on the right who believe that Barack Obama is intentionally steering the United States into disaster -- that he privately rejoices in the dismal economy because it partially fulfills his objective to bring the country down.
This strikes me as, at the very least, overwrought.
And then goes on to list in detail all of the things that BO has done to kill the private sector which sort of shoots down her opening paragraph's assertion.
Nevertheless, as weak as her column is (she apparently forgot to include a concluding paragraph) it is yet one more chunk of firewood tossed onto an ever growing bonfire.
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O'Bama Would Be A Cinch For Re-election If It Weren't For The Just Plain Bad Luck Of A Poor Economy (http://www.realclearpolitics.com/articles/2011/08/14/why_obama_looks_so_bad_110937.html)
Yeah, and I could be the men's singles champion at Wimbledon if I could only play tennis. Hard cheese.
It's hard to tell where Chapman's lips end and where Obama's ass begins...but little Stevie is a world class low-life lying POS!
"The point is not that Obama's policies are or are not responsible for our current economic plight. The point is that perceptions of his character are powerfully shaped by external conditions that may have nothing to do with his behavior or his particular attributes."
Yeah, the Big Lie, keep pushing that sh*t Stevie, people in the real world know better!
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Read this one by Mona Charon (http://www.realclearpolitics.com/articles/2011/08/02/why_obamas_economy_wont_improve_110789.html) over at RCP. She starts out with this typical GOP establishment statement:
There are some on the right who believe that Barack Obama is intentionally steering the United States into disaster -- that he privately rejoices in the dismal economy because it partially fulfills his objective to bring the country down.
This strikes me as, at the very least, overwrought.
And then goes on to list in detail all of the things that BO has done to kill the private sector which sort of shoots down her opening paragraph's assertion.
Nevertheless, as weak as her column is (she apparently forgot to include a concluding paragraph) it is yet one more chunk of firewood tossed onto an ever growing bonfire.
Yeah, she often has issues of making self-negating statements in her articles. ::)
Either the bastard is intentionally destroying the essential pillars that make this country free and market-driven or he is a bumbling idiot who doesn't know any better. To believe the latter is folly and ignores (especially now after 2 1/2 years of tenure in office) a massive amount of evidence that the former is inescapable.
Wishy-washy people drive me nuts!
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It might be possible to believe he's incompetent if he occasionally did the right thing -- broken clock and all. Except for leaving the tax rates as they are, HE HASN'T; every other thing is precisely wrong.
No, he's engaged in deliberately accelerating and managing our decline -- and she's in denial. Big time.
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O'Bama Would Be A Cinch For Re-election If It Weren't For The Just Plain Bad Luck Of A Poor Economy (http://www.realclearpolitics.com/articles/2011/08/14/why_obama_looks_so_bad_110937.html)
Yeah, and I could be the men's singles champion at Wimbledon if I could only play tennis. Hard cheese.
Sorry steve, but you can't start your essay with an out & out lie and expect us to gamely tag along.
Barack Obama came into office aspiring to bridge the chasm between liberals and conservatives, red states and blue states, and behold, the gulf is gone.
Steve would appear to have us believe that it is the law of unintended consequence catching up with hussein, but it isn't unintended, or a fluke at all. It's the natural consequence of disastrous policies, ineptly applied. Hussein had no such aspiration. His agenda was clear and his methodology (by any means possible) unmistakable. He knew that his treason was a non-starter for many Republicans (but not all unfortunately) so he set to work with zero intentions of working with any of them. This is not 'business as usual' for any previous administration - ever.
Hussein, and the American public, are now beginning to reap what they sowed. The traumatized economy, the chaotic financial industry, the evaporation of trust in government, and the overwhelming sense of impending doom.
These are the legacies of Baraq Hussein Øbama.
Taste it buckwheat. Breath it in. You earned it
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(http://www.creators.com/editorial_cartoons/5/20619_image.gif)
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Screwing up a sunny day...that's Obama!
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Finally, there may be a nickname that has stuck. Yes, it's the one listed above. SCOAMF (http://www.urbandictionary.com/define.php?term=scoamf) is now listed (several times) in the Urban Dictionary.
1. SCoaMF (n)
Stuttering Clusterf**k of a Miserable Failure.
An empty suit propped up by the media reading old tired Marxist tripe from a teleprompter.
A vapid celebrity or politician incapable of originating or uttering a coherent thought without a teleprompter or cue cards.
Someone demonstrably stupid and yet convinced of their own infallibility, even though unable to think or emote.
"A politician or celebrity who has no resume, no plan, no clue, and cannot speak without someone telling them what to say.
Did you hear that Obama has decided food stamps create jobs?"
"Yeah. What a SCoaMF."
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You know your term of office is over when...the number of entries related to you in the Urban Dictionary exceed the number of real tangible accomplishments!
::hysterical::
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You know your term of office is over when...the number of entries related to you in the Urban Dictionary exceed the number of real tangible accomplishments!
::hysterical::
That, in itself, is his greatest accomplishment.
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Speaking of new lows...
Consumer confidence tanks again -
http://www.cnbc.com/id/44325909 (http://www.cnbc.com/id/44325909)
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Speaking of new lows...
Consumer confidence tanks again -
http://www.cnbc.com/id/44325909 (http://www.cnbc.com/id/44325909)
The people are sending messages to their leaders that they don't not only trust them but that don't believe even a word about what Obama is goning to say any more. He's being called a liar in advence of his great new solution for the economy.
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Speaking of new lows...
Consumer confidence tanks again -
http://www.cnbc.com/id/44325909 (http://www.cnbc.com/id/44325909)
The people are sending messages to their leaders that they don't not only trust them but that don't believe even a word about what Obama is going to say any more. He's being called a liar in advance of his great new solution for the economy.
Yup. Not everybody is stupid and drinking the kool-aid Stymie keeps pushing. We are now at that stage where events are beyond his control (largely because what would save his bacon is anathema to his brain-dead supporters and more porkulus has zero chance of passing the House) so events are now defining his presidency...this is when the insane are most vulnerable to losing it completely (Exhibit A today is the rant by the CBCer's against the Tea Party & Repub's) and it is now when we need to put our boot on their throats and finish them off! The proglodytes have only begun to get desperate. Strap on and don't give in to 'em!
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He's getting close to his ideal economy. The most consistent spenders are those with State Gift Cards. The Right 30% of spenders are becoming very selective in their spending and the middle 40% are catching on.
When the middle 40 catches on, he will have his perfect economy.
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I don't know where I fall, but we don't spend on anything right now but food and fuel.
Which strategy I'm not even sure is wise. What's the point of saving anything when they're working like the devil to devalue every dollar stashed. It may be smarter to put the money into something tangible. We've contracted with an architect to draw up plans for expanding the back of the house.
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I don't know where I fall, but we don't spend on anything right now but food and fuel.
Which strategy I'm not even sure is wise. What's the point of saving anything when they're working like the devil to devalue every dollar stashed. It may be smarter to put the money into something tangible. We've contracted with an architect to draw up plans for expanding the back of the house.
I like a south facing window.
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I don't know where I fall, but we don't spend on anything right now but food and fuel.
Which strategy I'm not even sure is wise. What's the point of saving anything when they're working like the devil to devalue every dollar stashed. It may be smarter to put the money into something tangible. We've contracted with an architect to draw up plans for expanding the back of the house.
I like a south facing window.
Well, these are, but not the point. Or is that what I'm missing?
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I don't know where I fall, but we don't spend on anything right now but food and fuel.
Which strategy I'm not even sure is wise. What's the point of saving anything when they're working like the devil to devalue every dollar stashed. It may be smarter to put the money into something tangible. We've contracted with an architect to draw up plans for expanding the back of the house.
I like a south facing window.
Well, these are, but not the point. Or is that what I'm missing?
And a private bath,something in an earth tone.
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I don't know where I fall, but we don't spend on anything right now but food and fuel.
Which strategy I'm not even sure is wise. What's the point of saving anything when they're working like the devil to devalue every dollar stashed. It may be smarter to put the money into something tangible. We've contracted with an architect to draw up plans for expanding the back of the house.
I like a south facing window.
Well, these are, but not the point. Or is that what I'm missing?
And a private bath,something in an earth tone.
Yah, okay. Whizzing right over my head.
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The news just keeps getting better and better.
NYU economist Nouriel Roubini went on Bloomberg TV on Aug. 31 to give his latest prediction of the global economy:
"We’ve reached a stall speed in the economy, not just in the U.S., but in the euro zone and the UK. We see probably a 60 percent probability of recession next year, and, unfortunately, we’re running out of policy tools.....and sovereigns cannot bail out their own distressed banks because they are distressed themselves.
LINK (http://www.businessinsider.com/roubini-sees-60-chance-of-a-double-dip-in-2012-china-and-brazil-also-at-risk-2011-9)
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And here are the Scholastic News Kid Reporters sitting down for a frank and serious discussion with President Downgrade. Poor kids.
They wonder why the economy is so bad and what he is going to do about it. He mumbles and fumbles, stares at his lap, and eventually tells them that they are screwed unless they go to college...
Scholastic News Kid Reporters Interview the President (2/7): The Economy and Struggling Families (http://www.youtube.com/watch?v=J7amxIR2BYA#ws)
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Looks pale, sallow, hollow eyed, you know?
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Looks pale, sallow, hollow eyed, you know?
He's been vacationing hard lately. And I'm dead serious when I say that. When our family goes on vacation, we cram so much extra living into every day that we return home exhausted and in need of some down-time to recuperate from our vacation. This guy never stops. Compound that with the shoulder-weight of trying to bring down the world's most powerful nation, and what's an ordinary guy to do? Of course he's tired.
But that won't stop him. He's got what it takes to defeat the United States, he just knows he does.
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Stay in school for a good education? Like he did. How many hours did he allow himself for studying? Couldn't have been all that much as indidcated by his Marxist tripe he spews out on a regular schedule. Education obviously isn't for everyone as he clearly demonstrates by wasting all that space in classrooms and not learning a damn thing from it. ::bashing::
Note that it was 10 letters out of thousands that are given to him by his staff further insulating him from the realities of just how many would like to see him swing from a rope of his own action. Isn't this the main crux of it, he's isolated from reality meaning he's entirely out of the loop as to how much the country's suffering from his policy decisions.
We've all seen the movies and histories of leaders that are so isolated by their prsonal staff looking out for his feelings rather than the tribulations of the citizenry.
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Stay in school for a good education? Like he did. How many hours did he allow himself for studying? Couldn't have been all that much as indidcated by his Marxist tripe he spews out on a regular schedule. Education obviously isn't for everyone as he clearly demonstrates by wasting all that space in classrooms and not learning a damn thing from it. ::bashing::
Note that it was 10 letters out of thousands that are given to him by his staff further insulating him from the realities of just how many would like to see him swing from a rope of his own action. Isn't this the main crux of it, he's isolated from reality meaning he's entirely out of the loop as to how much the country's suffering from his policy decisions.
We've all seen the movies and histories of leaders that are so isolated by their prsonal staff looking out for his feelings rather than the tribulations of the citizenry.
So....he found no unemployment in marthas Vineyard.....
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Stay in school for a good education? Like he did. How many hours did he allow himself for studying? Couldn't have been all that much as indidcated by his Marxist tripe he spews out on a regular schedule. Education obviously isn't for everyone as he clearly demonstrates by wasting all that space in classrooms and not learning a damn thing from it. ::bashing::
Note that it was 10 letters out of thousands that are given to him by his staff further insulating him from the realities of just how many would like to see him swing from a rope of his own action. Isn't this the main crux of it, he's isolated from reality meaning he's entirely out of the loop as to how much the country's suffering from his policy decisions.
We've all seen the movies and histories of leaders that are so isolated by their prsonal staff looking out for his feelings rather than the tribulations of the citizenry.
So....he found no unemployment in marthas Vineyard.....
Not the kind you mean and certainly not on the golf-course ...........
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Good news for the Obama Depression...layoff's spiking up again...more misery for Duh Wun to cash in on...
http://www.reuters.com/article/2011/10/05/us-usa-economy-idUSTRE78C33C20111005 (http://www.reuters.com/article/2011/10/05/us-usa-economy-idUSTRE78C33C20111005)
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We've all seen the movies and histories of leaders that are so isolated by their prsonal staff looking out for his feelings rather than the tribulations of the citizenry.
It's a prison of his own making. He has no choice but to continue on this path. He fears the truth about himself more.
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Good news for the Obama Depression...layoff's spiking up again...more misery for Duh Wun to cash in on...
http://www.reuters.com/article/2011/10/05/us-usa-economy-idUSTRE78C33C20111005 (http://www.reuters.com/article/2011/10/05/us-usa-economy-idUSTRE78C33C20111005)
This is normally the time of year when holiday work shrinks the unemployment rolls slightly. Maybe not this year.
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Good news for the Obama Depression...layoff's spiking up again...more misery for Duh Wun to cash in on...
http://www.reuters.com/article/2011/10/05/us-usa-economy-idUSTRE78C33C20111005 (http://www.reuters.com/article/2011/10/05/us-usa-economy-idUSTRE78C33C20111005)
This is normally the time of year when holiday work shrinks the unemployment rolls slightly. Maybe not this year.
Well, if it does I'm sure he'll be wanting credit for Christmas.
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These links definitely belong in this thread!
First - Misery Index:
http://www.miseryindex.us/ (http://www.miseryindex.us/)
Second - How about a story on our rotting cities, thanks in large part to local Leftists and the Big Eared Idiot in the White House? Ya? OK, here you go!
http://www.zerohedge.com/contributed/you-know-your-city-has-become-hellhole-when%E2%80%A6?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29 (http://www.zerohedge.com/contributed/you-know-your-city-has-become-hellhole-when%E2%80%A6?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29)
Obamaville's, the real growth industry of Obamanomics!
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And the swirl down the drain continues -
Unemploment cliams over 400k for the umpteenth straight month -
http://www.cnbc.com/id/44972522 (http://www.cnbc.com/id/44972522)
At least 26m underemployed -
http://www.businessinsider.com/the-number-of-underemployed-people-keeps-growing-2011-10 (http://www.businessinsider.com/the-number-of-underemployed-people-keeps-growing-2011-10)
Misery Index 13% -
http://www.cnbc.com/id/44970105 (http://www.cnbc.com/id/44970105)
American's standard of living takes it in the shorts again -
http://www.cnbc.com/id/44962589 (http://www.cnbc.com/id/44962589)
Use of anti-depressants up 400% (I guess this is how people are expected to manage the decline)? -
http://yourlife.usatoday.com/health/story/2011-10-19/CDC-Antidepressant-use-skyrocketed-in-past-20-years/50826442/1?loc=interstitialskip (http://yourlife.usatoday.com/health/story/2011-10-19/CDC-Antidepressant-use-skyrocketed-in-past-20-years/50826442/1?loc=interstitialskip)
::cussing:: Onama!
::cussing:: Pelosi!
::cussing:: Reid!
::cussing:: MFM!
::cussing:: Proglodytes!
::gaah:: ::outrage:: ::angry:: ::cussing:: ::rockets::
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Oh, how lovely, another reporting period comes and initial jobless claims come in over 400k again and continuing claims remain well over 3.5m!
Another fine depressing day in Obamaville!
::outrage::
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Oh, how lovely, another reporting period comes and initial jobless claims come in over 400k again and continuing claims remain well over 3.5m!
Another fine depressing day in Obamaville!
::outrage::
I didn't hear that today. But if one person out of that group gets a job I'm sure my local media will be telling us the economy is improving.
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http://hotair.com/archives/2011/11/04/video-former-clinton-adviser-says-jobs-report-not-good-news/ (http://hotair.com/archives/2011/11/04/video-former-clinton-adviser-says-jobs-report-not-good-news/)
We can safely expect the Obama administration to spin today’s jobs report as good news. After all, some net jobs got created in October, even if they fell 15,000 short of the expectation of 95,000. But as Clinton adviser and economist Robert Reich explained on MSNBC this morning, that’s actually going backwards in the context of population growth, and that makes this report decidedly not good news.
http://hotair.com/archives/2011/11/04/pelosi-unemployment-would-be-15-percent-were-it-not-for-us/ (http://hotair.com/archives/2011/11/04/pelosi-unemployment-would-be-15-percent-were-it-not-for-us/)
She cites no study, provides no evidence, but baldly makes the claim: If President Barack Obama and congressional Democrats had not passed the $825 billion stimulus bill in February of 2009, unemployment today would be 15 percent.
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Using the U6, which is ..
The U6 unemployment rate counts not only people without work seeking full-time employment (the more familiar U-3 rate), but also counts "marginally attached workers and those working part-time for economic reasons." Note that some of these part-time workers counted as employed by U-3 could be working as little as an hour a week. And the "marginally attached workers" include those who have gotten discouraged and stopped looking, but still want to work. The age considered for this calculation is 16 years and over.
Real US unemployment rate at 16 pct: Fed official (http://www.breitbart.com/article.php?id=CNG.4452bed82adf3124e5884678e236d7fb.361&show_article=1)
That was in August.
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Yup, U6 is fugly, and you will never hear the MFM talk of it.
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http://www.nytimes.com/2011/11/10/us/politics/obama-orders-savings-of-4-billion-for-use-elsewhere.html?partner=rss&emc=rss (http://www.nytimes.com/2011/11/10/us/politics/obama-orders-savings-of-4-billion-for-use-elsewhere.html?partner=rss&emc=rss)
Obama Cuts $4 Billion, Then Uses It Elsewhere...
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http://www.nytimes.com/2011/11/10/us/politics/obama-orders-savings-of-4-billion-for-use-elsewhere.html?partner=rss&emc=rss (http://www.nytimes.com/2011/11/10/us/politics/obama-orders-savings-of-4-billion-for-use-elsewhere.html?partner=rss&emc=rss)
Obama Cuts $4 Billion, Then Uses It Elsewhere...
In Baltimore, auto repair shop was using this same meme to advance the replaceemnt of engines instead of buying a new car, the wife went shopping with the savings. ::outrage::
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A cut is not a cut if it is spent elsewhere. Since the Old Gray Hag is usually the Left's Cheerleader, I am naturally suspicious as to why they are bringing this $4b up...makes we wonder what the other hand is doing with an even larger more hideous pile of taxpayer funds!
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http://www.thedailybeast.com/articles/2011/11/12/europe-s-financial-crisis-is-headed-to-america.html (http://www.thedailybeast.com/articles/2011/11/12/europe-s-financial-crisis-is-headed-to-america.html)
But the third reason Americans should care about Europe is more important even than the risk of a renewed financial crisis. It is the danger that what is happening in Europe today could ultimately happen here. Just a few months ago, almost nobody was worried about Italy’s vast debt, which amounts to 121 percent of GDP. Then suddenly panic set in, and Italy’s borrowing costs exploded from 3.5 percent to 7.5 percent.
Today the U.S. gross federal debt stands at around 100 percent of GDP. Four years ago it was 62 percent. By 2016 the International Monetary Fund forecasts it will be 115 percent. Economists who should know better insist that this is not a problem because, unlike Italy, the United States can print its own money at will. All that means is that the U.S. reserves the right to inflate or depreciate away its debt. If I were a foreign investor—and half the debt in public hands is held by foreigners—I would not find that terribly reassuring. At some point I might demand some compensation for that risk in the form of ... higher rates.
Athens, Rome, Washington ... The shortest route from imperial capital to tourist destination is precisely this death spiral of debt.
Thank you ever so much Obama! ::doublebird::
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Obama is a chimera, a chimera composed of the worst DNA samples from all of human history, designed to be unleashed upon America to destroy her utterly from within.
-
I guess I'll put this here since Obama hasn't done anything to stop this from happening and indeed, has even taken drastic steps toward insuring that it does.
http://www.bloomberg.com/news/2011-11-16/banks-in-u-s-facing-serious-risk-on-contagion-from-europe-fitch-says.html (http://www.bloomberg.com/news/2011-11-16/banks-in-u-s-facing-serious-risk-on-contagion-from-europe-fitch-says.html)
U.S. banks face a “serious risk” that their creditworthiness will deteriorate if Europe’s debt crisis deepens and spreads beyond the five most-troubled nations, Fitch Ratings said.
“Unless the euro zone debt crisis is resolved in a timely and orderly manner, the broad credit outlook for the U.S. banking industry could worsen,” the New York-based rating company said yesterday in a statement. Even as U.S. banks have “manageable” exposure to stressed European markets, “further contagion poses a serious risk,” Fitch said, without explaining what it meant by contagion.
The “exposures” of U.S. lenders to major European banks and the stressed nations of Greece, Ireland, Italy, Portugal and Spain, known as the GIIPS, are smaller than those to some of the continent’s larger countries, Fitch said.
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http://hotair.com/archives/2011/11/22/q3-gdp-revised-from-2-5-to-2-0/ (http://hotair.com/archives/2011/11/22/q3-gdp-revised-from-2-5-to-2-0/)
Thanks to the upcoming holiday, the Bureau of Economic Analysis released its first revision of the advance quarterly GDP report today — and the new number drops significantly from the figure released less than four weeks ago. Instead of a mediocre 2.5% annualized growth rate in Q3, the US now reports a 2.0% annualized growth rate, which means that we are still not coming up to last year’s stagnant growth levels.
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Stagflation.
-
http://hotair.com/archives/2011/11/22/q3-gdp-revised-from-2-5-to-2-0/ (http://hotair.com/archives/2011/11/22/q3-gdp-revised-from-2-5-to-2-0/)
Thanks to the upcoming holiday, the Bureau of Economic Analysis released its first revision of the advance quarterly GDP report today — and the new number drops significantly from the figure released less than four weeks ago. Instead of a mediocre 2.5% annualized growth rate in Q3, the US now reports a 2.0% annualized growth rate, which means that we are still not coming up to last year’s stagnant growth levels.
"Unexpectedly" ....
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Unexpected, only to the fools who believe what the clowns behind the curtain are telling them!
Let's see, Bush left office with GDP at 2.4% I believe, so Stymie still cannot have his merry band of Neo-Keynesian snake-oil salesmen manufacture a better GDP?!
Just watch, they'll cook, lie and beddazzle with BS to make 2012 into a stellar year, despite what reality says!
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http://www.11alive.com/news/article/214228/3/Company-Policy-We-are-not-hiring-until-Obama-is-gone (http://www.11alive.com/news/article/214228/3/Company-Policy-We-are-not-hiring-until-Obama-is-gone)
WACO, Ga. -- A west Georgia business owner is stirring up controversy with signs he posted on his company's trucks, for all to see as the trucks roll up and down roads, highways and interstates:
"New Company Policy: We are not hiring until Obama is gone."
"Can't afford it," explained the employer, Bill Looman, Tuesday evening. "I've got people that I want to hire now, but I just can't afford it. And I don't foresee that I'll be able to afford it unless some things change in D.C."
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Another bitter clinger, greedy, redneck just trying to protect his "profits". Ignore him. What the hell does he know anyway; the real experts are in DC.
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This nation needs an exlposion of such brave businessmen!
::thumbsup::
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A patriot if ever there was one.
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http://www.cnbc.com/id/45435459 (http://www.cnbc.com/id/45435459)
The Dow and S&P posted their worst Thanksgiving week since the Great Depression on a percentage basis.
...but the recession is over don'tcha know...
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http://www.cnbc.com/id/45435459 (http://www.cnbc.com/id/45435459)
The Dow and S&P posted their worst Thanksgiving week since the Great Depression on a percentage basis.
...but the recession is over don'tcha know...
It was over a long time ago, we've been in the Obama Depression since inauguration day!!!
::gaah::
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http://www.foxbusiness.com/economy/2011/11/28/fitch-keeps-us-credit-rating-at-aaa-cuts-outlook-to-negative/ (http://www.foxbusiness.com/economy/2011/11/28/fitch-keeps-us-credit-rating-at-aaa-cuts-outlook-to-negative/)
Fitch Ratings kept its pristine AAA rating on the U.S. on Monday, but the credit-ratings company downgraded its outlook to “negative” in the wake of the Supercommittee’s failure to find $1.2 trillion in spending cuts.
The development, which had been hinted at last week, could have been worse for the U.S. as McGraw-Hill’s (MHP) Standard & Poor’s slashed its credit rating for the first time ever in August.
However, the negative outlook indicates a “slightly greater” than 50% chance that Fitch downgrades the U.S. over the next two years.
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jeff beck going down studio version (http://www.youtube.com/watch?v=WUHy_TfkN38#)
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http://www.theblaze.com/stories/kramer-were-two-stages-from-a-financial-collapse-so-huge-its-hard-to-get-your-mind-around/ (http://www.theblaze.com/stories/kramer-were-two-stages-from-a-financial-collapse-so-huge-its-hard-to-get-your-mind-around/)
Nevermind the stock rally from Monday or the massive sales figures from Black Friday, CNBC’s Jim Cramer had a very grim outlook for the global financial markets going forward. In sum, the European crisis is so bad that the U.S. is grave danger. Business Insider explains:
In his opening segment on Mad Money tonight (via The Fly) Jim Cramer warns that Europe could easily spoil any party we’re having in the US due to the collapse in credit.
He walks through a fairly long (but very basic) explanation of what credit is, and how central it is to the economy, before (around the 6:30 mark) declaring that we’re in “DEFCON 3, two stages from a financial collapse so huge it’s hard to get your mind around.”
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Cramer, the used car salesman of investment, would have a hard time getting his head around it, he is often already surrounded by his own ass.
He needs to spend less time with CNBC and more at ZeroHedge!
InTrade Odds On Euro Collapse By End Of 2012 Now At 50%
http://www.zerohedge.com/news/intrade-odds-euro-collapse-end-2012-now-50 (http://www.zerohedge.com/news/intrade-odds-euro-collapse-end-2012-now-50)
I'd bet on collapse, but then again, one poster asks a good question - if I bet that way, will anybody be around to pay me off?!
::whatgives::
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[ He walks through a fairly long (but very basic) explanation of what credit is, and how central it is to the economy, before (around the 6:30 mark) declaring that we’re in “DEFCON 3, two stages from a financial collapse so huge it’s hard to get your mind around.”
Another expert warning the Sheep to get out. They won't.
Even Cramer is saying things will be "okay" if France/Germany/IMF moves to "save them" - to "loan them enough till next Christmas", but they know they will not be paid next Christmas or ever. The loan is just kicking the can. However since the choice is collapse now or a (bigger) collapse later, which do you think politicans in office are going to choose?
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Cramer, the used car salesman of investment, would have a hard time getting his head around it, he is often already surrounded by his own ass.
Quite right. But then, when even the imbeciles in the room can see what's coming you know it's getting really bad...
However since the choice is collapse now or a (bigger) collapse later, which do you think politicans in office are going to choose?
And you can clearly hear all the politicians say: "Why suffer today when you can postpone it till tomorrow (when we're all retired from office and don't have to answer for it! *wink/nod*)!"
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They'll kick the can now, later we'll kick their asses!
::asskicking::
More here at this thread, lest we forget...
http://itsaboutliberty.com/index.php/topic,3449.new.html#new (http://itsaboutliberty.com/index.php/topic,3449.new.html#new)
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(http://i585.photobucket.com/albums/ss291/libertasinfinitio/Obama%20Admin/moreobamatruth.jpg)
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The Obama Depression reasserts itself yet again...
http://www.zerohedge.com/news/initial-jobless-claims-back-over-400k-prior-revised-higher-91-time#comment-1935318 (http://www.zerohedge.com/news/initial-jobless-claims-back-over-400k-prior-revised-higher-91-time#comment-1935318)
I guess SloJoe Biden will be issuing more alerts about his base going off on more rape & murder binges...
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BS housing numbers verified to be BS...nice spreads eh? A thousand here, a million there...no biggie!
Because of the economy, unemployment, inflation and continued weakness of bank balance sheets I look for the housing market to test new lows...
Ahhhhhhhh!!!! Can't you just smell the hopium? Smells a lot like bullsh*tium, don't it?!
http://www.zerohedge.com/news/us-housing-market-was-artificially-inflated-14-2007-2010-nar-reports#comment-2000980 (http://www.zerohedge.com/news/us-housing-market-was-artificially-inflated-14-2007-2010-nar-reports#comment-2000980)
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400K jobless....in the season where temp workers are hired.....
Housing manipulated. Numbers worse. Artificially inflated.....On top of the artifically inflated obama numbers, attempting to tell us we are recovering. I may need to go back to my old tag line of " summer of recovery, year 3", but add to infinity...and beyond.
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I won't recover till he's gone!
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Neither will I.
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The Ben Bernanke to the rescue! We're
saved screwed!
http://hotair.com/archives/2012/01/13/get-ready-for-qe3/comment-page-1/#comment-5303068 (http://hotair.com/archives/2012/01/13/get-ready-for-qe3/comment-page-1/#comment-5303068)
Yup, told ya it was coming, now is 2012 gonna be a firecracker of a year or what?
Happy Friday the 13th!
It's not October is it? ::speechless::
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We all knew the jobs "saved or created" BS was BS, here is more proof as to what Obama really achieved - 1 million jobs lost, and counting!
(http://www.investors.com/image/WEBa1jobs0113_345.gif)
http://news.investors.com/Article/597581/201201121629/jobless-figures-hide-real-problems.htm (http://news.investors.com/Article/597581/201201121629/jobless-figures-hide-real-problems.htm)
Don't forget to remind your nearest democrat and give them the credit they so richly deserve!
;)
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It doesn't seem to matter what bad news comes down the road , the news media , both print and T.V. , ignore it or minimize it , telling us everything is getting better . How bad do things have to get before they admit that they've been lying to us and were in the tank for Stymie all along ?
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Probably not till the streets run red with blood SH. And then they'll still be blaming Bush.
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Accurate reporting will not happen; however, January 21, 2013,
how it is reported will be dramatically different.
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President Obama's White House spokesman dismissed as "crazy" Newt Gingrich's claim that Obama has "put" people on food stamps, citing the ailing economy as the cause for the expanded use of welfare programs.
http://campaign2012.washingtonexaminer.com/blogs/beltway-confidential/wh-newts-obama-food-stamp-charge-crazy/317526 (http://campaign2012.washingtonexaminer.com/blogs/beltway-confidential/wh-newts-obama-food-stamp-charge-crazy/317526)
Umm, Jay, you ignorant slut, Obama helped push the economy deeper into the sh*tter, you brown-lipped incubus!!!
::mooning::
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Oh noes, he's saving us from the greatest recession
since the greatest depression. Oh for sure. Yep. Un huh.
::asskicking::
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The baked job numbers came in today...will be revised upwards again later when nobody gives a rip! SSDD!
http://finviz.com/calendar.ashx (http://finviz.com/calendar.ashx)
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More SSDD, more stupid stimulus coming!
http://www.theblaze.com/stories/does-this-latest-decision-by-the-fed-foreshadow-their-future-plans-for-the-economy/ (http://www.theblaze.com/stories/does-this-latest-decision-by-the-fed-foreshadow-their-future-plans-for-the-economy/)
Dollar - Poof!
Gold - Bang, Zoom!
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4th Qtr 2011 GDP missed consensus, the smoking hot quarter came in at 2.8%, BFD!
http://www.zerohedge.com/news/q4-gdp-misses-estimates-inventory-stockpiling-accounts-19-28-q4-us-economic-growth (http://www.zerohedge.com/news/q4-gdp-misses-estimates-inventory-stockpiling-accounts-19-28-q4-us-economic-growth)
Hmmm, let's see...inventories are jacked up in the 4th quarter (again!) 1.9% of the 2.8%!...shipping of goods is down...yeah, I think next couple of quarters could stink on ice and another uptick in layoffs is probably in the offing.
Right in time for a long hot summer of presidential politicking!
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GDP Price Index, the third lowest since 1963.
http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/01/Price%20Index.jpg (http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/01/Price%20Index.jpg)
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Inventories grossly baked the year end numbers too CO, so real GDP is the worst in 60 years!
And Stymie, fresh off his replenished credit card, is resuming his addiction to spending OPM like the drunken dictator he is!
http://finance.yahoo.com/news/figures-government-spending-debt-201733446.html (http://finance.yahoo.com/news/figures-government-spending-debt-201733446.html)
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And remember, these numbers are BS, all I want to see is the year end adjustment, that way we know how much they've lied to us for the year!
http://www.zerohedge.com/news/initial-claims-print-near-expectations-be-revised-adversely-next-week-productivity-drops-labor- (http://www.zerohedge.com/news/initial-claims-print-near-expectations-be-revised-adversely-next-week-productivity-drops-labor-)
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http://www.zerohedge.com/news/record-12-million-people-fall-out-labor-force-one-month-labor-force-participation-rate-tumbles- (http://www.zerohedge.com/news/record-12-million-people-fall-out-labor-force-one-month-labor-force-participation-rate-tumbles-)
Oh, a new round of lying! How unexpected!
/
1.2M removed from labor force participation! Sure, keep defining the denominator down and create phony UI numbers!
Evil fvcksticks!
Some SOB's on the Hill better haul in these fothermucking liars at teh BLS and tell them their sh*t-factory is about have its funding cut!
Obamanomics AKA Idiocracy end NOW!!!
::gaah::
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They keep this up and soon they'll be reporting unemployment as zero while 3/4s of the country is out of work.
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It is the goal, Pan, don't doubt it!
It is why the lie has to be brought out into the open and its practicioners told to knock it off or join those removed from workforce participation!
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NEW YORK (CNNMoney) -- American employers substantially stepped up their hiring in January, bringing the unemployment rate down for the fifth month in a row.
Employers added 243,000 jobs in January, the Labor Department reported Friday, marking a pick-up in hiring from December, when the economy added 203,000 jobs.
Job growth was much stronger than expected
Private businesses have been adding jobs consistently since March 2010. In January, they added 257,000 jobs.
But the government has been bleeding jobs since the middle of 2010, and continued to do so last month. Most of the recent job losses have been at the state and local level. Overall, the public sector cut 14,000 jobs in January.
http://money.cnn.com/2012/02/03/news/economy/jobs_report_unemployment/index.htm?source=cnn_bin (http://money.cnn.com/2012/02/03/news/economy/jobs_report_unemployment/index.htm?source=cnn_bin)
Anybody care to translate that with regard to the unemployment figure lies? Because it's being touted as "economic recovery" ....
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Apples & oranges & kiwi's!
CNN is citing the release of non-farm payrolls, and they are mostly in the lower end of the spectrum, so whuppty-doo! More burger flippers and an artificially lowered unemployment number equals Happy Days, thanks to Lord High Obama and his merry band of debt-imploding democrats!
CNN wants Obama's ass to be worshipped...we want Obama's ass to be tried, convicted and sentenced!
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They keep this up and soon they'll be reporting unemployment as zero while 3/4s of the country is out of work.
Unemployment will be zero because pretty soon they'll only count people working for the government as employed.
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viainstapundit (http://pjmedia.com/instapundit/136479/)
QUESTIONS: If The Economy Is Improving. . .
If the economy is getting better, then why did new home sales in the United States hit a brand new all-time record low during 2011?
If the economy is getting better, then why are there 6 million less jobs in America today than there were before the recession started?
If the economy is getting better, then why is the average duration of unemployment in this country close to an all-time record high?
If the economy is getting better, then why has the number of homeless female veterans more than doubled?
If the economy is getting better, then why has the number of Americans on food stamps increased by 3 million since this time last year and by more than 14 million since Barack Obama entered the White House?
If the economy is getting better, then why has the number of children living in poverty in America risen for four years in a row?
If the economy is getting better, then why is the percentage of Americans living in “extreme poverty” at an all-time high?
Lots more of these at the link. You know, if we had a Republican President, I’ll bet the press would be asking these questions every day.
also the bogus number explained (http://www.zerohedge.com/news/implied-unemployment-rate-rises-115-spread-propaganda-number-surges-30-year-high)
They are cooking the books. Not unexpected. Obama and Dems have no ethics so they will lie, cheat and steal if it serves their purpose.
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They're cooking the books in so many ways, folks like me cannot make heads or tails of the reports or the numbers.
There's this:
"If the economy is getting better, then why has the number of Americans on food stamps increased by 3 million since this time last year and by more than 14 million since Barack Obama entered the White House?"
Yes, more food stamp recipients, but I recently posted a piece on this board about how people who don't need the assistance are being lured into using it; the requirements were jiggered to include them.
If the economy is getting better, then why has the number of children living in poverty in America risen for four years in a row?
If the economy is getting better, then why is the percentage of Americans living in “extreme poverty” at an all-time high?
These two go together, I'd say. I also say, the threshold number for poverty/extreme poverty has been "adjusted" as well, in order that it appears more and more have less.
Don't get me wrong; I know things are dire, but not from the reporting of these sort of statistics.
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More back up for the low wage jobs in NFP -
http://www.zerohedge.com/news/nonfarm-payroll-surge-gain-low-wage-jobs (http://www.zerohedge.com/news/nonfarm-payroll-surge-gain-low-wage-jobs)
Plus, HDS Table 9 shows NFP employment gains are largely driven by Part-Timers!
http://www.zerohedge.com/news/final-nail-todays-nfp-tragicomedy-record-surge-part-time-workers (http://www.zerohedge.com/news/final-nail-todays-nfp-tragicomedy-record-surge-part-time-workers)
And that crying fool Boehner had an opportunity to educate the American people about all this cooking and he punted! I heard him on the radio just now say " there is some good news, but we can do better"!
::gaah::
Good news?!
::gaah::
Can do better?!
::gaah::
TOTALLY SCREWED!!!!!!!!!!!!!!!!!!!!!!!!!!!
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viainstapundit (http://pjmedia.com/instapundit/136479/)
QUESTIONS: If The Economy Is Improving. . .
If the economy is getting better, then why did new home sales in the United States hit a brand new all-time record low during 2011?
If the economy is getting better, then why are there 6 million less jobs in America today than there were before the recession started?
If the economy is getting better, then why is the average duration of unemployment in this country close to an all-time record high?
If the economy is getting better, then why has the number of homeless female veterans more than doubled?
If the economy is getting better, then why has the number of Americans on food stamps increased by 3 million since this time last year and by more than 14 million since Barack Obama entered the White House?
If the economy is getting better, then why has the number of children living in poverty in America risen for four years in a row?
If the economy is getting better, then why is the percentage of Americans living in “extreme poverty” at an all-time high?
Lots more of these at the link. You know, if we had a Republican President, I’ll bet the press would be asking these questions every day.
also the bogus number explained (http://www.zerohedge.com/news/implied-unemployment-rate-rises-115-spread-propaganda-number-surges-30-year-high)
They are cooking the books. Not unexpected. Obama and Dems have no ethics so they will lie, cheat and steal if it serves their purpose.
Those charts are STUNNING! Yet nobody will ever know, it'll never make the MFM!!!
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Just remember everyone, "Reality is not optional". The light & magic show can't go on forever. At some point, "real reality" will trump "manufactured reality" because it can only be so. Will the manufactured reality persist long enough to get Chairman Zero back into office to finish his fundamental transformation? Who knows. Right now it looks probable.
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I was just thinking that G! And I think you're right, I think the Regime & the MFM water-carriers will do all they can to stifle reality through election day, after that it won't matter, either way.
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Those charts are STUNNING! Yet nobody will ever know, it'll never make the MFM!!!
At some point it won't matter. Because despite what they hear, people will look around and realize what the media says isn't their own reality.
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Those charts are STUNNING! Yet nobody will ever know, it'll never make the MFM!!!
At some point it won't matter. Because despite what they hear, people will look around and realize what the media says isn't their own reality.
Agreed. I just don't know if the right people will be blamed, given the constant groan coming out of the MFM, and what percentage know the truth despite the lies...I made the mistake long ago of giving broad groups of people the benefit of the doubt. In theory it should work as you say, and I pray thatb it does!
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Those charts are STUNNING! Yet nobody will ever know, it'll never make the MFM!!!
At some point it won't matter. Because despite what they hear, people will look around and realize what the media says isn't their own reality.
Agreed. I just don't know if the right people will be blamed, given the constant groan coming out of the MFM, and what percentage know the truth despite the lies...I made the mistake long ago of giving broad groups of people the benefit of the doubt. In theory it should work as you say, and I pray thatb it does!
Ah, that's the problem...they'll blame the person closest/easiest to blame because to do otherwise would require too much thinking and so far they have shown themselves not to be too good at that...
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Santelli Slams the Spinning Jobs Report (http://www.mrc.org/bmi/articles/2011/Santelli_Slams_CNBC_Panelists_for_Spinning_Jobs_Report.html)
http://www.mrctv.org/public/eyeblast.swf?v=hdqG8z6U8z
"[W]e have overwhelming evidence the jobs market is disappointing, and all of you are trying to look for that one half of spaghetti in a 50 lb. spaghetti bowl. This is not great data," Santelli claimed. "We know that the U6 probably gives you a better indication of the true unemployment rate …"
CNBC's Steve Liesman interjected: "It went down, Rick. It went down - "
"Yeah, what is it?" asked Santelli.
"It went down Rick, to 16.1 [percent]," Liesman said.
"Oh boy, guys! 16.1 [percent] is probably the unemployment rate. That's cause celebre," Rick sarcastically shouted on the trading floor of the Chicago mercantile exchange.
"But it fell from 16.7," Liesman insisted.
Santelli continued to criticize the spin: "You know what Steve? You and I both know that the unemployment rate, the labor force moving in and out, those giving up, is really probably your best statistical reason for the drop to 9.0 (percent). And in terms of jobs, you, Mr. Steve Liesman, said if you work just one day. If you stay home but you get paid you're counted in the data …"
-
Even with Fox News and the new media, "they" can lie about the statistics and get away with it -- for a little while longer -- because the unemployed are not standing in lines out the Unemployment Office doors, down the block and around the corner. This is one way of keeping them "invisible"; same thing with the EBT card beneficiaries. The checks come in the mail and the cards are refilled remotely.
One thing that can't be hidden, however, and isn't, are the lines at the food-banks.
-
Here we go, some good analysis that takes the manipulation out of play, the dirty little secret The Regime doesn't want you to know about jobs in America - quality dilution. Dig that hole faster Stymie, maybe nobody will notice until after election day!
http://www.zerohedge.com/news/quality-assessment-us-jobs-reveals-ugliest-picture-yet (http://www.zerohedge.com/news/quality-assessment-us-jobs-reveals-ugliest-picture-yet)
This would be front page news on every MFM outlet if anybody but a ::cussing:: democrat was sitting in the WH!
::gaah:: ::cussing:: ::angry:: ::outrage::
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Here we go, some good analysis that takes the manipulation out of play, the dirty little secret The Regime doesn't want you to know about jobs in America - quality dilution. Dig that hole faster Stymie, maybe nobody will notice until after election day!
http://www.zerohedge.com/news/quality-assessment-us-jobs-reveals-ugliest-picture-yet (http://www.zerohedge.com/news/quality-assessment-us-jobs-reveals-ugliest-picture-yet)
This would be front page news on every MFM outlet if anybody but a ::cussing:: democrat was sitting in the WH!
::gaah:: ::cussing:: ::angry:: ::outrage::
the only true indicator of job quality is the FMS's Daily Treasury Statement, which tracks and updates how much government revenue is generated any given day courtesy of withheld income and employment taxes. So to avoid any potential semantic confusion, we will stick to numbers and bullets:
We got to do something about that, Kingfish.
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Whoopsie (http://www.bloomberg.com/news/2012-02-07/bernanke-says-8-3-unemployment-understates-weakness-in-u-s-labor-market.html)
“It is very important to look not just at the unemployment rate, which reflects only people who are actively seeking work,”
“There are also a lot of people who are either out of the labor force because they don’t think they can find work” or in part- time jobs.
“The 8.3 percent no doubt understates the weakness of the labor market in some broad sense,” ...
_ Unca Bennie
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Yes, welcome to the United States of Temporary Employment and Governmental Assistance.
A perfect model of stupidity, inefficiency and unsustainability. We'll make Greece look like a bunch of prancing faeries by comparison when our time comes, and that time is coming soon boys and girls!
-
White House "stale" jobless forecast -
President Barack Obama will forecast a U.S. unemployment rate averaging 8.9 percent in 2012 in his annual budget on Monday - but before the document was even released a top aide called the projection "stale" and said it should be lower.
"We would certainly lower our forecast of the unemployment rate from the figures that will appear in Monday's budget if we were to do another forecast today," top White House economist Alan Krueger said in an e-mail.
"The forecast of the unemployment rate that will accompany the budget should be considered stale and out of date," wrote Krueger, who is chairman of the White House Council of Economic Advisers.
http://news.yahoo.com/white-house-issue-jobless-forecast-disavows-133307929.html (http://news.yahoo.com/white-house-issue-jobless-forecast-disavows-133307929.html)
What is truly stale is the bullsh*t and lies coming out of the Obama Regime 24/7/365!!!
::cussing::
-
The Stymie administration never lets its sh*t get stale . They always seem to have a load of fresh sh*t to shovel our way .
-
Hey! Unemployment is getting better (http://blogs.voanews.com/breaking-news/2012/02/16/us-job-market-improves-5/). Look at the positive trend! (http://www.google.com/hostednews/ap/article/ALeqM5iW5xyZX-VL4G1aS_hk9X2ncHFRDg?docId=af7790416a414d049180382b71e35be6) Everyone will like Obama Again! (http://www.cbsnews.com/8301-503544_162-57377863-503544/poll-obamas-ratings-rise-as-economic-outlook-improves/) Well at least we know the timing for QE3. (http://www.zerohedge.com/article/guest-post-qe3-just-matter-time) Want to take a ride? Jump in a S&P market fund now and get out Nov 1st.
Meanwhile, outside the land of unicorns and skittles and in the land of Mordor:
Like Global Warming, only information that fits the narrative is used (http://www.zerohedge.com/news/it-weather-stupid-david-rosenberg-what-april-january-means-seasonal-adjustments), new housing is just where it was (http://www.zerohedge.com/news/lost-construction-relative-difference-between-housing-starts-and-completions-hits-recordbeat) and foreclosures are rising (http://www.cnbc.com/id/46401756), unemployment calculated via older methods is over 20% (http://www.shadowstats.com/alternate_data/unemployment-charts), Banks are being downgraded (http://www.cnbc.com/id/46404936), and China continues to dump U.S. Treasuries (http://www.bloomberg.com/news/2012-02-15/china-trims-holdings-of-treasuries-to-lowest-level-since-2010.html) and russia dumps them faster (http://www.zerohedge.com/news/russia-dumps-treasurys-14-consecutive-months-china-slashes-holdings-lowest-over-year), and gold demand continues to rise, (http://www.zerohedge.com/news/global-gold-demand-2011-rises-04-200-billion-central-banks-asia-and-europe-diversifying-gold) as the European Crisis continues to loom on the horizon (http://www.zerohedge.com/news/pardonthe-interruption-debt-crisis-resume-shorty-says-deutsche-bank)
Nothing to see here. Move along. Hey Look over there- its a really cute kitten!
CUTE TALKING KITTEN SAYS "I'M NEW" (http://www.youtube.com/watch?v=B0jTKL3Dp00#ws)
-
Heh, nice set up and finish Weisshaupt! ::thumbsup::
-
Gallup Finds Unemployment Climbing to Nine Percent in February
http://cnsnews.com/news/article/gallup-finds-unemployment-climbing-nine-percent-february (http://cnsnews.com/news/article/gallup-finds-unemployment-climbing-nine-percent-february)
Wow, Gallup "finds" unemployment climbing...they must have had to look real real hard, eh? ::)
U-3 is just about where U-6 was when Obama took office!
http://portalseven.com/employment/unemployment_rate_u6.jsp?fromYear=2008&toYear=2012 (http://portalseven.com/employment/unemployment_rate_u6.jsp?fromYear=2008&toYear=2012)
The Obama Depression continues. Wait till those high gas prices start picking up, that'll help things immensely, eh?!
Obamanomics... ::mooning::
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The Obama Depression continues. Wait till those high gas prices start picking up, that'll help things immensely, eh?!
Obamanomics... ::mooning::
Don't think about that. Think about how cute kittens are.
10 Cutest Cat Moments (http://www.youtube.com/watch?v=q1dpQKntj_w#)
-
Kittens are cute, there is no doubt of that...but seeing those responsible for this horror paying the price for their treason...now that's P-R-I-C-E-L-E-S-S !!!
;)
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(http://i585.photobucket.com/albums/ss291/libertasinfinitio/Obama%20Admin/TaxOnHappiness.jpg)
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(http://i585.photobucket.com/albums/ss291/libertasinfinitio/Obama%20Admin/obamagasplan.jpg)
-
Al Green - Love and Happiness (Studio Version) (http://www.youtube.com/watch?v=hsU6_eSG4k4#)
-
(http://i585.photobucket.com/albums/ss291/libertasinfinitio/Obama%20Admin/obamagasplan.jpg)
If we're pumping more oil now than ever before ( as Stymie glibbly asserts ) then I'd sure as hell like to know where it's going . Has anyone mentioned Stymie's administration blocking the construction of new refineries in this country ? I don't remember when a new one was built . Anyone ?
-
If Steven Chu has his way , the difference in gas prices between now in the U.S. and a European level would go straight into government coffers . They can't blame THAT on the oil companies . Of course they'll try !
-
Yeah, I'm sick of their BS, and I'm equally sick of the lemmings that still believe their BS! ::gaah::
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Yeah, I'm sick of their BS, and I'm equally sick of the lemmings that still believe their BS! ::gaah::
THAT is what puts me into a rage. I'm so sick of feeling weaponless against "the narrative", the manufactured reality. They control the discussion, what becomes news and what doesn't, how that news is reported, and in spite of the Internet the bulk of the population still thinks whatever Diane Sawyer et al say on the evening news is the reality.
I guarantee you the average person at the gas station thinks it's the oil companies ripping him off. The Democrats can lambaste oil companies, even as their every single policy is designed to produce these higher prices.
::bashing:: ::gaah::
-
Lou Dobbs suggested that all Federal oil revenues from land leases and such, something similar to AK,
should be put in a separate trust fund away from congressional budget use. Sounds good to me, after
all, it's our land isn't it?
-
Yeah, I'm sick of their BS, and I'm equally sick of the lemmings that still believe their BS! ::gaah::
THAT is what puts me into a rage. I'm so sick of feeling weaponless against "the narrative", the manufactured reality. They control the discussion, what becomes news and what doesn't, how that news is reported, and in spite of the Internet the bulk of the population still thinks whatever Diane Sawyer et al say on the evening news is the reality.
I guarantee you the average person at the gas station thinks it's the oil companies ripping him off. The Democrats can lambaste oil companies, even as their every single policy is designed to produce these higher prices.
::bashing:: ::gaah::
That reminds me, time to start posting notes at the pump again!
-
Lou Dobbs suggested that all Federal oil revenues from land leases and such, something similar to AK,
should be put in a separate trust fund away from congressional budget use. Sounds good to me, after
all, it's our land isn't it?
Trust funds, yeah, those rarely if ever work as advertised!
(http://i585.photobucket.com/albums/ss291/libertasinfinitio/AntiLeftist/TrustFunds.jpg)
Peter? Meet Paul.
-
I think Dobbsie is optimistic that Conservatives are going
to retain control of the government for a long time.
-
The Obama Depression continues...
Home values drop again (they will drop some more, no hiding that).
http://finance.yahoo.com/news/home-prices-fell-december-most-140231740.html (http://finance.yahoo.com/news/home-prices-fell-december-most-140231740.html)
My BIL is torked because short-sales in the neighborhood are driving down everyones values, making it hard for small business people working out of their homes from getting equity loans to fund operations.
And durable goods hitting lows not seen for 3 years.
http://www.cnbc.com/id/46554315 (http://www.cnbc.com/id/46554315)
Ahhh, to be a libtard stuck in Neo-Keynesian hell with all exits blocked!
::mooning::
-
This is worthy of cross-linking to this thread -
http://itsaboutliberty.com/index.php/topic,5013.new.html (http://itsaboutliberty.com/index.php/topic,5013.new.html)
Looters and Obamanomics in perfect harmony...
::)
-
Good article, it's a checklist of things to keep in mind.
And do they make non-metallic drill bits?
If you notice dripping gasoline or smell gas, call a garage or a tow truck
::hysterical::
-
Stealing gas from cars? I can't not think of this scene of Cheech & Chong:
http://www.youtube.com/watch?v=2ccAx792uoI
-
There's a screen in the truck's gas tank which prevents siphoning, as we found to our profound disgust. Both trucks, actually. We were filling up before a storm in case we needed the gas for the portable generator.
-
Check this out, you know real inflation has arrived when the idiots in the MFM start getting a clue!
http://www.cbsnews.com/8301-505144_162-57387655/inflation-not-as-low-as-you-think/ (http://www.cbsnews.com/8301-505144_162-57387655/inflation-not-as-low-as-you-think/)
Of course, note how they fail to properly attribute effect to cause!
-
AIER focuses on Americans' typical daily purchases, such as food, gasoline, child care,
prescription drugs, phone and television service, and other household products.
This Is The Economy On Stimulus (http://www.youtube.com/watch?v=YYN-Awrq3og#ws)
TOM (http://theothermccain.com/2012/03/01/sick-of-stimulus/)
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Even Gallup UI numbers swing up...
http://www.gallup.com/poll/153161/Unemployment-February.aspx (http://www.gallup.com/poll/153161/Unemployment-February.aspx)
Look for this to swing up too -
http://portalseven.com/employment/unemployment_rate_u6.jsp (http://portalseven.com/employment/unemployment_rate_u6.jsp)
Oh, better look out for the fricken goons though!
http://www.cnbc.com/id/46659804 (http://www.cnbc.com/id/46659804)
::speechless::
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AIER focuses on Americans' typical daily purchases, such as food, gasoline, child care,
prescription drugs, phone and television service, and other household products.
This Is The Economy On Stimulus (http://www.youtube.com/watch?v=YYN-Awrq3og#ws)
TOM (http://theothermccain.com/2012/03/01/sick-of-stimulus/)
OMG, did you read the comments on that video on You Tube? Almost every single comment is about the F'ing fish being hurt/suffocated whatever, written mostly by people who 1) probably eat fish and have no clue how that process actually works on a commercial fishing boat and 2) wouldn't think twice about killing a baby in the womb. 3) have never been fishing and therefore have no clue how long a fish actually can survive out of water. The message of the ad? Any Questions? Yeah. Don't you f'n libtards get it? YOU ARE THE FISH!
Show that to your kindergartner and yeah, the fish hurting is all they can focus on. Libtards are no different. Stuck at 5 and waving the government gun around and demanding free candy and condoms.
-
Subsidy to keep car production (http://www.shanghaidaily.com/nsp/Business/2012/03/23/Subsidy%2Bto%2Bkeep%2Bcar%2Bproduction/)
A Holden Cruze is driven off the assembly line at a plant in Australia. The Australian government announced yesterday a A$275 million (US$288 million) subsidy for General Motors to guarantee it continues to manufacture cars in Australia for another decade through its subsidiary Holden Ltd. As part of the deal, US-based GM said in a statement that it has agreed to invest more than US$1 billion in producing cars at its Melbourne and Adelaide plants until at least 2022.
-
Wow, GM has to go overseas to pimp subsidies too, how globally egalitarian of them!
::hysterical::
Should put a different king of spin on marketing back here, and oh, perhaps Congress should look to end all support, since they seem to be doing fine drumming up support all by they little selves!
::gaah::
-
Wow, this graphic is really fugly!
http://www.zerohedge.com/news/note-odd-labor-market-out (http://www.zerohedge.com/news/note-odd-labor-market-out)
No coincidence that it started to hit the sh*tter at the start of the Obama immaculation!
::gaah::
-
Four kisses and a frayed wire.
-
A direct correlation between jobs and consumer confidence, who would have thought that?!
/
But it's true, look -
http://www.zerohedge.com/news/guest-post-surprise-jobs-drive-consumer-confidence (http://www.zerohedge.com/news/guest-post-surprise-jobs-drive-consumer-confidence)
Pretty stark picture...no matter how much The Regime fudges the numbers, reality is not an option!
-
Clearly stated.
It's surprising that today's confidence level is higher than in '09.
Oh, wait! '09's when it appeared he was going to nationalize
the banks. Guess folks are thinking Dauphin is on his way out.
-
With the Stymie administration mounting a new offensive this week ( using V.P. Biteme as the attack dog ) against Republicans who are shipping jobs over seas , Chrysler , the benificiary of Democrat largesse , just announced yesterday it's intention to build a Jeep plant in ... of all places ... Russia !!!!
-
With the Stymie administration mounting a new offensive this week ( using V.P. Biteme as the attack dog ) against Republicans who are shipping jobs over seas , Chrysler , the benificiary of Democrat largesse , just announced yesterday it's intention to build a Jeep plant in ... of all places ... Russia !!!!
I hope they call it the Govno!
::hysterical::
-
Maybe they'll call it the "Gomik" .
-
Maybe it's Obama's Sputnik Moment.
-
Maybe they'll call it the "Gomik" .
Bwuuhaahaaa! ::hysterical::
ETA - I wonder if Vlad calls Obama "zalupa"?! ::laughonfloor::
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Best Buy closing 50 superstores in effort to chart a path to profitability (http://www.forbes.com/sites/danbigman/2012/03/30/a-closer-look-at-best-buys-big-problems/)
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Best Buy closing 50 superstores in effort to chart a path to profitability (http://www.forbes.com/sites/danbigman/2012/03/30/a-closer-look-at-best-buys-big-problems/)
B-b-b-b-but all is well? The Regime says so!!!
/
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I have a dual-fuel stove; the burners on top use propane, the oven is electric. Almost two weeks ago, the oven stopped working; a computer board had blown. The repairman just brought the new one yesterday, although I had him order it right away because we diagnosed the problem over the phone. Why so long? His supplier didn't have it; it was on back-order. It was on back-order because so many vendors have closed up shop.
-
I have a dual-fuel stove; the burners on top use propane, the oven is electric. Almost two weeks ago, the oven stopped working; a computer board had blown. The repairman just brought the new one yesterday, although I had him order it right away because we diagnosed the problem over the phone. Why so long? His supplier didn't have it; it was on back-order. It was on back-order because so many vendors have closed up shop.
...but all is right as rain!
-
I have a dual-fuel stove; the burners on top use propane, the oven is electric. Almost two weeks ago, the oven stopped working; a computer board had blown. The repairman just brought the new one yesterday, although I had him order it right away because we diagnosed the problem over the phone. Why so long? His supplier didn't have it; it was on back-order. It was on back-order because so many vendors have closed up shop.
When I have equipment break down....it is always a min 2 - 3 weeks for repair because no one is stocking parts. Frustrating. But the new reality of this recovering economy..LOL
-
This Faber guy mystifies me...admits the Fed is pumping hot air into the stock market and then recommends owning some stocks, and real estate? The latter only makes sense if you want to snatch up cheap land for TEOTWAWKI compound! If inflation is going to be hellish, all I want is valuable commodities to retain wealth (PM's) are to trade in a barter system (PM's and a plethora of other needed goods)!
http://www.cnbc.com/id/46923999 (http://www.cnbc.com/id/46923999)
-
This Faber guy mystifies me...admits the Fed is pumping hot air into the stock market and then recommends owning some stocks, and real estate? The latter only makes sense if you want to snatch up cheap land for TEOTWAWKI compound! If inflation is going to be hellish, all I want is valuable commodities to retain wealth (PM's) are to trade in a barter system (PM's and a plethora of other needed goods)!
http://www.cnbc.com/id/46923999 (http://www.cnbc.com/id/46923999)
I watch CNBC in the mornings. I believe most of them are afraid to actually report what will happen at some point. Back in 2008, there was a 40 acre tract of land( close to the 38 acres we own) on the interstate we considered purchasing. It carried a 250K price tag and we thought it was a deal and considered purchasing it, but was beat to the punch, so to speak. Last week it was forclosed and bought for 40K. ( BTW, I missed out on that too)
I only post because it is a prime example of lost wealth. Land here on the I 65 corrider located on an exit between Nashville and the KY state line used to bring 100-140K per acre. Now, you are lucky to sell the most prime real estate for 30K- 40K an acre and that is if there were buyers. A 52 acre farm, with two 1200 ft houses, recently auctioned for 200K.
And this is in the liberals good economy.
-
This Faber guy mystifies me...admits the Fed is pumping hot air into the stock market and then recommends owning some stocks, and real estate? The latter only makes sense if you want to snatch up cheap land for TEOTWAWKI compound! If inflation is going to be hellish, all I want is valuable commodities to retain wealth (PM's) are to trade in a barter system (PM's and a plethora of other needed goods)!
http://www.cnbc.com/id/46923999 (http://www.cnbc.com/id/46923999)
I watch CNBC in the mornings. I believe most of them are afraid to actually report what will happen at some point. Back in 2008, there was a 40 acre tract of land( close to the 38 acres we own) on the interstate we considered purchasing. It carried a 250K price tag and we thought it was a deal and considered purchasing it, but was beat to the punch, so to speak. Last week it was forclosed and bought for 40K. ( BTW, I missed out on that too)
I only post because it is a prime example of lost wealth. Land here on the I 65 corrider located on an exit between Nashville and the KY state line used to bring 100-140K per acre. Now, you are lucky to sell the most prime real estate for 30K- 40K an acre and that is if there were buyers. A 52 acre farm, with two 1200 ft houses, recently auctioned for 200K.
And this is in the liberals good economy.
I keep hearing all the happy-happy talk about real estate turning around, maybe in tightly isolated packets, but the foreclosures are still roiling things and there is ZERO attempt to end the imbalances set in place by congress since the late 80's (CRA, F/F etc) so any "recovery" is guaranteed to be short lived at best and pretty certain to collapse at some point!
-
This Faber guy mystifies me...admits the Fed is pumping hot air into the stock market and then recommends owning some stocks, and real estate? The latter only makes sense if you want to snatch up cheap land for TEOTWAWKI compound! If inflation is going to be hellish, all I want is valuable commodities to retain wealth (PM's) are to trade in a barter system (PM's and a plethora of other needed goods)!
http://www.cnbc.com/id/46923999 (http://www.cnbc.com/id/46923999)
I watch CNBC in the mornings. I believe most of them are afraid to actually report what will happen at some point. Back in 2008, there was a 40 acre tract of land( close to the 38 acres we own) on the interstate we considered purchasing. It carried a 250K price tag and we thought it was a deal and considered purchasing it, but was beat to the punch, so to speak. Last week it was forclosed and bought for 40K. ( BTW, I missed out on that too)
I only post because it is a prime example of lost wealth. Land here on the I 65 corrider located on an exit between Nashville and the KY state line used to bring 100-140K per acre. Now, you are lucky to sell the most prime real estate for 30K- 40K an acre and that is if there were buyers. A 52 acre farm, with two 1200 ft houses, recently auctioned for 200K.
And this is in the liberals good economy.
I keep hearing all the happy-happy talk about real estate turning around, maybe in tightly isolated packets, but the foreclosures are still roiling things and there is ZERO attempt to end the imbalances set in place by congress since the late 80's (CRA, F/F etc) so any "recovery" is guaranteed to be short lived at best and pretty certain to collapse at some point!
The real estate market...if you can call it a market, is far from correction. There are so many foreclosed and short sale houses in my area its scary...and our economy in Mid tn is supposed to be better than other areas.
-
IMHO: We know inflation comparable to that of the late 70s and early 80s
is coming. Buying land will preserve the value of the dollar. Some companies
will survive and prosper, pick those and they will do as well or better than land
and will be easier to transfer.
This is all predicated on the assumption our next president
will eliminate the current socialist trajectory on which we are
headed and return us to aggressive capitalism.
There is a story of the Wright brothers mechanic. He built the engine that
powered the airplane that flew at Kitty Hawk and remained with the brothers
until he retired. When he retired he was given a stipend of $800.00 a year for
life, at the time it was a handsome sum. He lived until after WWII and died a
pauper. Because of inflation $800.00 was no longer a handsome sum.
-
About all I will quibble with CO is land retaining value, it presupposes a viable market at some future point in time where it is uncertain as to the availability of buyers and assumes a medium of exchange of real value not eroded by inflation or debasement. Real estate for real need now and into the future yes, for "investment"? That I cannot reconcile given where we are and where we are headed. Oh, and as far as "aggressive capitalism", under Romney I do not see that. Moderate capitalism perhaps, not aggressive, and some crony capitalism will still be present, just not at the current stratospheric levels we see. Not that the Democrat-Media Complex won't crucify Mitt for it when they can expose it, regardless if it was 1,000 times worse under their defeated Dear Leader!
-
Those statements from Rush about his conversation with Romney were
heartening. When he capped it saying he knew he would be a one term
president and was going to do what was necessary.
And yeah, that's why the caveat, if he doesn't shut down the regulators
all bets are off.
-
Speaking of shutting down...
UI Claims jump up!
http://www.zerohedge.com/news/initial-jobless-claims-soar-past-expectations-hit-380k-highest-january (http://www.zerohedge.com/news/initial-jobless-claims-soar-past-expectations-hit-380k-highest-january)
And, markets runneth too hot!
http://www.zerohedge.com/news/presenting-economic-reality (http://www.zerohedge.com/news/presenting-economic-reality)
Reality, it's just so...so...real!
!
-
Claims up again, what a shock, and expectations once again punked, and they will be revised upwards later on, again...rinse/repeat...rinse/repeat...
http://www.zerohedge.com/news/inital-claims-soar-again-ninth-consecutive-miss-expectations-row-bls-back-propaganda-school (http://www.zerohedge.com/news/inital-claims-soar-again-ninth-consecutive-miss-expectations-row-bls-back-propaganda-school)
::puke::
Oh, and WSJ is officially full-blown in-the-tank stupid!
http://www.zerohedge.com/news/initial-claims-propaganda-101 (http://www.zerohedge.com/news/initial-claims-propaganda-101)
::mooning::
BOHICA!
-
Still, all the attempts of the banking cartel to suppress gold and silver prices remain subject to the Law of Diminishing Returns, and gold and silver, while still range bound at the moment, will break free and continue their upward trend soon enough.
Bank cartels: Eric Boling's theory of high oil prices is bank cartels buying and selling huge lots of paper oil.
Juggling these two commodities, that usually run in tandem, in opposition to each other would create an
appropriate confusion or distraction to observers causing faulty conclusions.
-
Still, all the attempts of the banking cartel to suppress gold and silver prices remain subject to the Law of Diminishing Returns, and gold and silver, while still range bound at the moment, will break free and continue their upward trend soon enough.
Bank cartels: Eric Boling's theory of high oil prices is bank cartels buying and selling huge lots of paper oil.
Juggling these two commodities, that usually run in tandem, in opposition to each other would create an
appropriate confusion or distraction to observers causing faulty conclusions.
But those aren't the kind of speculators Obama wants to target! They contribute to his campaign coffers!
-
Derivatives, Banks, and Debt
http://demonocracy.info/infographics/usa/derivatives/bank_exposure.html (http://demonocracy.info/infographics/usa/derivatives/bank_exposure.html)
This is an awesome graphic depiction of the biggest banks debt.
So to present, visually this time, the US derivatives problem, we go to our friends from Demonocracy, who put the $229 trillion derivative 'issue' in its proper context. For those curious what a paper equivalent of bailing out the US derivatives market would look like, now you know.
http://www.zerohedge.com/news/mother-all-infographics-visualizing-americas-derivatives-universe (http://www.zerohedge.com/news/mother-all-infographics-visualizing-americas-derivatives-universe)
-
http://www.reuters.com/article/2012/04/23/gm-dealerships-idUSL5E8FN6CE20120423 (http://www.reuters.com/article/2012/04/23/gm-dealerships-idUSL5E8FN6CE20120423)
GM CEO Dan Akerson said on Monday that the company would expand its dealership network in China this year by about 600.
"We will expand our dealer network to 3,500 stores from the 2,900 that we ended up with in 2011," he told reporters.
I believe I quoted the entire piece so there isn't much info to be had...
...regardless, as if our economy isn't in bad enough shape, the Obama minions running Government Motors now wish to ship even more work overseas.
-
Derivatives, Banks, and Debt
http://demonocracy.info/infographics/usa/derivatives/bank_exposure.html (http://demonocracy.info/infographics/usa/derivatives/bank_exposure.html)
This is an awesome graphic depiction of the biggest banks debt.
So to present, visually this time, the US derivatives problem, we go to our friends from Demonocracy, who put the $229 trillion derivative 'issue' in its proper context. For those curious what a paper equivalent of bailing out the US derivatives market would look like, now you know.
http://www.zerohedge.com/news/mother-all-infographics-visualizing-americas-derivatives-universe (http://www.zerohedge.com/news/mother-all-infographics-visualizing-americas-derivatives-universe)
Yeah, global ponzi illustrated. What could go wrong?
/
-
http://www.reuters.com/article/2012/04/23/gm-dealerships-idUSL5E8FN6CE20120423 (http://www.reuters.com/article/2012/04/23/gm-dealerships-idUSL5E8FN6CE20120423)
GM CEO Dan Akerson said on Monday that the company would expand its dealership network in China this year by about 600.
"We will expand our dealer network to 3,500 stores from the 2,900 that we ended up with in 2011," he told reporters.
I believe I quoted the entire piece so there isn't much info to be had...
...regardless, as if our economy isn't in bad enough shape, the Obama minions running Government Motors now wish to ship even more work overseas.
What's a little sugar between two commie lovers?
::)
-
Wonder if Obama's going to pay them a living wage or
is he going to treat them like his brother in Kenya?
-
(http://iowntheworld.com/blog/wp-content/uploads/2012/04/RM.jpg)
-
http://www.reuters.com/article/2012/04/23/gm-dealerships-idUSL5E8FN6CE20120423 (http://www.reuters.com/article/2012/04/23/gm-dealerships-idUSL5E8FN6CE20120423)
GM CEO Dan Akerson said on Monday that the company would expand its dealership network in China this year by about 600.
"We will expand our dealer network to 3,500 stores from the 2,900 that we ended up with in 2011," he told reporters.
I believe I quoted the entire piece so there isn't much info to be had...
...regardless, as if our economy isn't in bad enough shape, the Obama minions running Government Motors now wish to ship even more work overseas.
What's a little sugar between two commie lovers?
::)
What about all the GM dealerships in this country which were owned by Republicans and forced to close ? ::angry:: ::outrage:: ::cussing:: ::gaah::
-
http://www.reuters.com/article/2012/04/23/gm-dealerships-idUSL5E8FN6CE20120423 (http://www.reuters.com/article/2012/04/23/gm-dealerships-idUSL5E8FN6CE20120423)
GM CEO Dan Akerson said on Monday that the company would expand its dealership network in China this year by about 600.
"We will expand our dealer network to 3,500 stores from the 2,900 that we ended up with in 2011," he told reporters.
I believe I quoted the entire piece so there isn't much info to be had...
...regardless, as if our economy isn't in bad enough shape, the Obama minions running Government Motors now wish to ship even more work overseas.
What's a little sugar between two commie lovers?
::)
What about all the GM dealerships in this country which were owned by Republicans and forced to close ? ::angry:: ::outrage:: ::cussing:: ::gaah::
What about them? You think Obama gives a rats ass about them? Just like the bondholders, just more rich bastards to kick to the curb, no great loss. What else would a commie bastard do?
Oh, but those rich bastards employed a lot of people you say? And bondholders were regular people too invested in IRA's, 401k's and pensions you say? Well, too bad Obama says, you shouldn't have associated with rich bastards!
Stymie is pure commie trash through and through!
You'd think great masses of people would know that by now...
::facepalm::
Perhaps Trap's pic will get through to them, it sure looks spot on to me!
-
LINK (http://hotair.com/archives/2012/04/24/new-residential-home-sales-fall-7-1-in-march/)
The string of bad economic news to close out Q1 continued today with the Census/HUD announcement of new residential sales in March. The seasonally-adjusted annual rate of sales fell 7.1% from February, although there are a few glimmers of good news in the decline:
...U-N-E-X-P-E-C-E-D-L-Y...
-
Even the lib-goobers who put all faith in gummint have to begin having doubts when so much of what gummint does leads to unexpected results. How many times do they need to see that before thinking to themselves, "huh?"
-
Even the lib-goobers who put all faith in gummint have to begin having doubts when so much of what gummint does leads to unexpected results. How many times do they need to see that before thinking to themselves, "huh?"
but no matter what they're going to find an alternative to free market capitalism because it's evil so there must be a better way........................
-
They cook the books and still get burned. Kills me. Wait for the revisions too, those are as regular as a sunrise.
-
Even the lib-goobers who put all faith in gummint have to begin having doubts when so much of what gummint does leads to unexpected results. How many times do they need to see that before thinking to themselves, "huh?"
but no matter what they're going to find an alternative to free market capitalism because it's evil so there must be a better way........................
Yep. Evil. Because nothing says "evil" like people simply trading with each other for their mutual benefit.
It's not like statism hasn't failed AND KILLED everywhere it's been imposed, right? Musta had something to do with the "wrong" people running t'ings.
(http://americandigest.org/mt-archives/communism_by_rapierwitt2.jpg)
-
Even the lib-goobers who put all faith in gummint have to begin having doubts when so much of what gummint does leads to unexpected results. How many times do they need to see that before thinking to themselves, "huh?"
but no matter what they're going to find an alternative to free market capitalism because it's evil so there must be a better way........................
Stymie thinks Americans should scale back their expectations . His new campaign theme ... " Cold beer , loose shoes and a warm place to sh*t ! "
-
Even the lib-goobers who put all faith in gummint have to begin having doubts when so much of what gummint does leads to unexpected results. How many times do they need to see that before thinking to themselves, "huh?"
but no matter what they're going to find an alternative to free market capitalism because it's evil so there must be a better way........................
Stymie thinks Americans should scale back their expectations . His new campaign theme ... " Cold beer , loose shoes and a warm place to sh*t ! "
Yeah, and after the election it will be "Cold feet and empty stomach, because no shoes or beer and sh*t wherever you like"!
-
New & continuing claims up again.
http://www.reuters.com/article/2012/04/26/us-markets-stocks-idUSBRE83M0BL20120426?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28News+%2F+US+%2F+Business+News%29 (http://www.reuters.com/article/2012/04/26/us-markets-stocks-idUSBRE83M0BL20120426?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28News+%2F+US+%2F+Business+News%29)
No doubt to be further revised up again as per usual...
The Obama Depression continues...
-
Lets see, it's the end of April...a Friday...yeah, time to unload the not-so-surprising-news that 1st Qtr GDP wasn't 2.5% after all but a whopping 2.2%!
::whoohoo::
/
http://www.cnbc.com/id/47202822 (http://www.cnbc.com/id/47202822)
Liars and the damn lies they tell!
It's gonna be a crackerjack summer!
ETA - Component breakdown (or is it component compression?) -
http://www.zerohedge.com/news/big-gdp-miss-22-vs-expectations-25 (http://www.zerohedge.com/news/big-gdp-miss-22-vs-expectations-25)
Bullish on gold.
-
America is our house and these numbers indicate that our mortgage
is upside down or as they say these days, underwater.
-
Grrrggllllbllllurppgrrblebrrbleblurrrrp!
-
7:20 1653.20
9:40 1665.90
My what a little information will do to the market.
Jimmey Pethokoukis says this is about as good as
it's going to get.
http://blog.american.com/2012/04/gdp-and-the-slowdown-in-government-spending/ (http://blog.american.com/2012/04/gdp-and-the-slowdown-in-government-spending/)
http://blog.american.com/2012/04/gdp-report-clouds-obamas-reelection-chances/ (http://blog.american.com/2012/04/gdp-report-clouds-obamas-reelection-chances/)
-
As good as it gets?!
::speechless::
Hey, you know all those rosey-as-hell GDP forecasts the Democrats are relying on to save our fiscal asses?
::jihadnanner::
The Dem's just blew themselves up!
(http://blog.american.com/wp-content/uploads/2012/04/042712obama.jpg)
Portrait of Dorian Obama
-
Bad economy? Whatchutalkin' 'bout? Less is more!
-
Democrat admits the US is the best looking horse in the glue factory (http://www.bloomberg.com/news/2012-04-29/u-s-perfecting-formula-for-budget-failure-says-bowles.html)
He said the U.S. is now paying $250 billion a year in interest on the debt, and that is only because, mercifully, interest rates are at historic lows. That’s chiefly because investors are more worried about the risk of default by European nations, and because the Fed is doing everything in its power to keep interest rates low. “It’s because we’re the best-looking horse in the glue factory,” he said.
Interestingly, Bowles remains optimistic that the circumstances are so dire that Congress will have to act, although it probably won’t happen until the seven weeks between Election Day and the end of the year. “We have to,” he said. “We’ve simply made promises that we can’t keep.”
So there you have it - the Obstructionist Democrats will do nothing till after the election.
He allowed that “most people” think there will be agreement on reducing the deficit by $4 trillion, the “minimum amount you need to reduce the deficit to stabilize the debt and get it on a downward path as a percent of GDP.”
-
Shocked, I say! Shocked!
::)
Yeah, not really...
-
All Hail Trend J! (http://politicalcalculations.blogspot.com/2012/05/new-jobless-claims-thunderdome-edition.html)
Statistically, the Jobless claims are now officially up-trending again
-
Yeah, well...when the bullsh*tters revise last month up and this month comes in (surprise!) lower...
J will yield to K at some point...
They'll also dick with the U3 denominator some more in the runnup to election day, move more workers off the page, and show a miraculous improvement in jobs for Stymie!
Welcome to Kabiki-land!
::)
-
Now on the headline at the Drudge Report...
(http://www.drudgereport.com/hb.jpg)
New slogan produced by the RNC.
Sure wish they could get stuff like this out on the MFM.
-
Heh, yeah. And like that playbook hasn't been run into the dirt!
-
Real unemployment is 11.6%, not that the Democrat-Media Complex will tell you that!
H/T - ZH
http://www.zerohedge.com/news/real-u-3-unemployment-rate-116 (http://www.zerohedge.com/news/real-u-3-unemployment-rate-116)
-
Off the chart. Literally.
http://www.zerohedge.com/news/its-official-st-louis-feds-not-labor-force-data-officially-chart (http://www.zerohedge.com/news/its-official-st-louis-feds-not-labor-force-data-officially-chart)
-
Yeah, and the sad thing is that won't be the last chart to experience that!
Obamanomics...it's a killer.
::unknowncomic::
-
Would especially like to see the part of the graphic in the lower right hand corner made into bumper-stickers, post-it notes, posters, T's...the whole nine yards!
(http://www.mittromney.com/sites/default/files/RFP-MiddleClass-Info-3-v4-01.jpg)
http://www.mittromney.com/blogs/mitts-view/2012/05/obama-economy-running-empty-infographic (http://www.mittromney.com/blogs/mitts-view/2012/05/obama-economy-running-empty-infographic)
-
For some reason I was thinking this was a mental health topic.
Well, I suppose it could be...is there a "national" suicide hotline, where countries can call in before they jump off the cliff?
-
Dunno, but they probably would put Obama on hold anyway... ::rimshot::
-
Dunno, but they probably would put Obama on hold anyway... ::rimshot::
"It's Tony Blair!"
-
New numbers...
http://www.zerohedge.com/news/economic-data-dump-keeps-everyone-confused-pessimism-about-future-increases (http://www.zerohedge.com/news/economic-data-dump-keeps-everyone-confused-pessimism-about-future-increases)
(yawn)
Wake me up when the economy experiences something other than failure...
-
LINK (http://cnsnews.com/blog/terence-p-jeffrey/12984-increase-debt-household-first-2011-bipartisan-spending-deal)
Given that the Census Bureau estimates there are about 117,538,000 households in the United States, the per household increase in the federal debt since Congress enacted its March 4, 2011 bipartisan spending deal has been approximately $12,984.
-
Revolutions have started over less...
-
Consumer confidence takes another dive...
http://news.yahoo.com/consumer-confidence-plunges-may-140420807--finance.html (http://news.yahoo.com/consumer-confidence-plunges-may-140420807--finance.html)
Hopium just isn't selling like it used to...
-
GDP came in at its expected poor rate and claims go up again...since both are usually cooked to some degree the actual numbers could be worse...claims and the unemployment rate being the most manipulated...no doubt both will be revised higher later on...
http://www.zerohedge.com/news/first-q1-gdp-revision-line-expectations-initial-claims-spike (http://www.zerohedge.com/news/first-q1-gdp-revision-line-expectations-initial-claims-spike)
-
unemployment claims up again
1.4 million homes in foreclosure
and BO's going to Chicago for a fundraiser
-
unemployment claims up again
1.4 million homes in foreclosure
and BO's going to Chicago for a fundraiser
Just another day in Obamaland...
::unknowncomic::
-
This is good, things are almost always better for people to understand when in pictorial form -
http://www.thegatewaypundit.com/2012/06/worst-president-ever-unemployment-jumps-to-8-2/ (http://www.thegatewaypundit.com/2012/06/worst-president-ever-unemployment-jumps-to-8-2/)
Throw in some real-life anecdotes about suffering under this Regime and several campaign commercials are in the can!
-
This is good, things are almost always better for people to understand when in pictorial form -
http://www.thegatewaypundit.com/2012/06/worst-president-ever-unemployment-jumps-to-8-2/ (http://www.thegatewaypundit.com/2012/06/worst-president-ever-unemployment-jumps-to-8-2/)
Throw in some real-life anecdotes about suffering under this Regime and several campaign commercials are in the can!
Hey...We are in the summer of recovery....Joe Biden said so.
-
And Joe wouldn't lie...he's too stupid to be that smart...
-
April factory orders only missed by .7....
http://finviz.com/calendar.ashx (http://finviz.com/calendar.ashx)
::facepalm::
I bet Obama is burning the lines up to hit Ctrl-P and to The Hill for more Alt-Porkulus!
Resist we much!
-
It's not just ZeroHedge documenting ObamaFail -
http://www.thegatewaypundit.com/2012/06/another-obama-record-us-treasuries-lower-than-at-any-time-during-the-great-depression/ (http://www.thegatewaypundit.com/2012/06/another-obama-record-us-treasuries-lower-than-at-any-time-during-the-great-depression/)
I smell rotting Obama!
::puke::
-
April factory orders only missed by .7....
http://finviz.com/calendar.ashx (http://finviz.com/calendar.ashx)
::facepalm::
I bet Obama is burning the lines up to hit Ctrl-P and to The Hill for more Alt-Porkulus!
Resist we much!
...U-N-E-X-P-E-C-T-E-D-L-Y...
-
April factory orders only missed by .7....
http://finviz.com/calendar.ashx (http://finviz.com/calendar.ashx)
::facepalm::
I bet Obama is burning the lines up to hit Ctrl-P and to The Hill for more Alt-Porkulus!
Resist we much!
...U-N-E-X-P-E-C-T-E-D-L-Y...
Pants on the ground!
-
It's not just ZeroHedge documenting ObamaFail -
http://www.thegatewaypundit.com/2012/06/another-obama-record-us-treasuries-lower-than-at-any-time-during-the-great-depression/ (http://www.thegatewaypundit.com/2012/06/another-obama-record-us-treasuries-lower-than-at-any-time-during-the-great-depression/)
I smell rotting Obama!
::puke::
I love the smell of rotting Obama in the morning. ::bigsmile::
-
LINK (http://www.weeklystandard.com/blogs/government-down-16-billion-gm-bailout_646676.html)
Mitt Romney maintains that "President Barack Obama is holding on to the government's stake in General Motors to avoid an embarrassing financial loss before the election, and says he'd sell the stock quickly if he wins the White House," according to the Detroit News, which recently interviewed the Republican presidential candidate.
"There is no reason for the government to continue to hold (its GM stake)," Romney tells the news outlet. "The president is delaying the sale of the shares to try and avoid the story that the taxpayer took another loss. I would get the company independent from the government and run for the interests of the consumer and the enterprise and its workers -- not for the political considerations of government officials."
And that's the political reason: If it were to unload its shares today, the government would lost $16 billion on the deal. "At GM's Monday closing price of $21.11 a share, the government would lose $16 billion on its $49.5 billion bailout," the Detroit news reports.
Romney believes that this reason alone is why Obama won't sell the shares--since it would not be the politically expedient thing to do.
The government still owns 26 percent of GM, as it has for almost the last three years.
-
::outrage::
-
Unions bailed out and union jobs saved baby, no price to high!
::gaah::
::rockets::
-
Claims rise again, no doubt will be revised up, again, SSDD...
http://www.zerohedge.com/news/initial-claims-miss-big-people-falling-extended-claims-soar-135k-cpi-plunges-most-december-2008 (http://www.zerohedge.com/news/initial-claims-miss-big-people-falling-extended-claims-soar-135k-cpi-plunges-most-december-2008)
But Barack Hussein Kardashian says the private sector is just fine. Taken from his point of view (destroying it) he is absolutely correct.
::gaah::
-
386,000.....jobless claims.....wow, and obummer is doubling down on his ultra successful recovery plans.
-
Yes, the Obama plan is for more failure, and I think he'll succeed in that all the way through election day.
-
386,000.....jobless claims.....wow, and obummer is doubling down on his ultra successful recovery plans.
His plan is right on schedule for him it's we the people that are being forced into failure.
-
Empire Mfg Index - complete miss.
http://www.zerohedge.com/news/plunging-empire-manufacturing-index-confirms-ongoing-economic-slide-imminent-central-planner-in (http://www.zerohedge.com/news/plunging-empire-manufacturing-index-confirms-ongoing-economic-slide-imminent-central-planner-in)
All the signs are pointing toward more useless easing. That people need something more tangible to cling to for managing their personal and business strategies completely eludes these central planners!
::vafancoul::
(Damn I like that new smiley!) ;D
-
Obi-Ben Bernanke is set to hit Ctrl-P and see if he can get a few months of less than sucky economic activity to save his bosses ass before it all slides back into the sewer again.
http://www.cnbc.com/id/47868321 (http://www.cnbc.com/id/47868321)
Get those gold & silver orders in!
-
The BenBernanke is going twist some more...
http://www.zerohedge.com/news/fed-extends-twist-through-end-2012-prepared-take-further-action (http://www.zerohedge.com/news/fed-extends-twist-through-end-2012-prepared-take-further-action)
...let go Ben. Ben, let GO! BEN!
-
A twist here...a twist there.....pretty soon that knife kills the economy.
-
Recession: http://www.zerohedge.com/taxonomy_vtn/term/10912 (http://www.zerohedge.com/taxonomy_vtn/term/10912)
Access denied
You are not authorized to access this page.
http://www.zerohedge.com/news/dr-michael-big-short-burrys-brutal-hangover-inevitable-state-world-ucla-commencement-speech (http://www.zerohedge.com/news/dr-michael-big-short-burrys-brutal-hangover-inevitable-state-world-ucla-commencement-speech)
ETA:
Ben S. Bernanke's video rebuttal to Michael Burry's comments regarding both his
diagnoses, analyses and prognostications regarding our current economic crisis
and those of his peers at The Non-Federal Reserve-less Bank:
Ben Bernanke's Video Rebuttal of Michael Burry's Speech & Comments (http://www.youtube.com/watch?v=9QpD64GUoXw#)
-
This clown is a Bovine Excrement Specialist.
-
This clown is a Bovine Excrement Specialist.
If Romney does better than Reagan we will still have a recession
and inflation, it's cooked in the book.
-
This clown is a Bovine Excrement Specialist.
If Romney does better than Reagan we will still have a recession
and inflation, it's cooked in the book.
Yup. But we should take our medicine and put the monetary and fiscal houses on the right path or we might just as well whistle merrily to the graveyard and dig our own holes and jump in. Liberalism has always cynically assumed nobody would want to take the medicine and instead will choose to keep a form of the Kabuki going. So far human nature has proven the Liberals correct.
-
BERLIN (AP) (http://cnsnews.com/news/article/germany-rebuffs-obamas-advice-euro-crisis-deal-your-own-debt)— Germany's finance minister is rejecting U.S. President Barack Obama's calls on Europe to move faster in fighting its debt crisis, telling him to get the American deficit under control instead.
Wolfgang Schaeuble told public broadcaster ZDF in an interview late Sunday that "people are always very quick at giving others advice."
He says: "Mr. Obama should first of all take care of reducing the American deficit, which is higher than in the eurozone."
****
Herr Barry, STFU, danke.
-
LOL, ausgezeichnet.
To Libertas' point, yes the liberals have correctly calculated the human tendency to avoid taking medicine and instead to continue with the smoke and mirrors of QE. But the part they have failed to calculate is that point where the two curves intersect, i.e. what we here like to describe as "reality is not optional".
When that reality bites here, it's going to make Athens look like nothing. I'm looking forward to it to be honest.
-
BERLIN (AP) (http://cnsnews.com/news/article/germany-rebuffs-obamas-advice-euro-crisis-deal-your-own-debt)— Germany's finance minister is rejecting U.S. President Barack Obama's calls on Europe to move faster in fighting its debt crisis, telling him to get the American deficit under control instead.
Wolfgang Schaeuble told public broadcaster ZDF in an interview late Sunday that "people are always very quick at giving others advice."
He says: "Mr. Obama should first of all take care of reducing the American deficit, which is higher than in the eurozone."
****
Herr Barry, STFU, danke.
Yeah, thanks for the big FU to Obama the Destroyer, Wolfgang, the asshat doesn't listen to us, so thanks for speaking for all Americans who give a damn! ::thumbsup::
-
LOL, ausgezeichnet.
To Libertas' point, yes the liberals have correctly calculated the human tendency to avoid taking medicine and instead to continue with the smoke and mirrors of QE. But the part they have failed to calculate is that point where the two curves intersect, i.e. what we here like to describe as "reality is not optional".
When that reality bites here, it's going to make Athens look like nothing. I'm looking forward to it to be honest.
You got that right. I ain't gettin' any younger and I'm fed up with the phony war, a war which we are losing badly at by the way. ::gaah::
-
Obama to Small Business - Submit or die!
http://www.zerohedge.com/news/small-business-confidence-plunges-most-24-months (http://www.zerohedge.com/news/small-business-confidence-plunges-most-24-months)
I would recommend going Galt instead, especially if he manages to remain in office, then everybody should go Galt.
-
Put GE, GM, & Chrysler at the top of the list.
-
Awesome, jobs tanking, foreclosures up (especially for poor older blacks & hispanics), manufacturing contracting, homes sales dipping and inflation on necessary goods rising...
http://www.cnbc.com/id/48239619 (http://www.cnbc.com/id/48239619)
http://www.cnbc.com/id/48240142 (http://www.cnbc.com/id/48240142)
http://www.cnbc.com/id/48240333 (http://www.cnbc.com/id/48240333)
http://finance.yahoo.com/news/us-home-sales-drop-5-140239145.html (http://finance.yahoo.com/news/us-home-sales-drop-5-140239145.html)
http://blogs.smartmoney.com/advice/2012/07/18/rising-corn-prices-and-your-grocery-bill/ (http://blogs.smartmoney.com/advice/2012/07/18/rising-corn-prices-and-your-grocery-bill/)
Oh yeah, what has Obama got to run on again? Oh yeah, Mitt is bad! ::) Some of the idiots suffering deserve to suffer, the rest of us don't! You vote for Obama, you deserve to eat a sh*t sandwich!
::mooning::
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FedHead Obi Wan Bernanke - promise of more easing changed from "may" last meeting to "will" in this meeting of FOMC.
ObiWanBernanke easing (http://www.zerohedge.com/news/prayers-denied-fed-disappoints-full-statement-redline?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29)
Rumor mill seems to indicate a September event...perhaps too late to provide even a short-term phony bounce to save Obama's butt.
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Should be a lot of this in ads this fall!
http://www.theblaze.com/stories/70-facts-about-our-economy-obama-probably-doesnt-want-you-to-see/ (http://www.theblaze.com/stories/70-facts-about-our-economy-obama-probably-doesnt-want-you-to-see/)
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ObamaCare claims more inflation pass-through's!
http://washington/2012/08/08/papa-johns-founder-to-raise-price-of-pizza-due-to-obamacare/ (http://washington/2012/08/08/papa-johns-founder-to-raise-price-of-pizza-due-to-obamacare/)
All part of the (Evil) master plan...
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Mobile 'grocers' key in to Lone Star card market (http://www.chron.com/news/houston-texas/article/Mobile-grocers-key-in-to-Lone-Star-card-market-3764557.php#photo-3289136)
Don't think of it as a sad state of affairs, think of it as a business opportunity.
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Mobile 'grocers' key in to Lone Star card market (http://www.chron.com/news/houston-texas/article/Mobile-grocers-key-in-to-Lone-Star-card-market-3764557.php#photo-3289136)
Don't think of it as a sad state of affairs, think of it as a business opportunity.
Despite the article claiming a preference for junk food, it does remind me of the fresh fruit carts in days of yore. There is a modern day one that came 'round Wildwood Beach (NJ) to the motels and hotels during the summer season mid-2000's and did a booming business.
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Can they deliver a sh*tload of Twinkies? Just wanna be ready for the zombie apocalypse. ::)
Oh, and speaking of complete disaster, here is the SCoaMF itself saying what he did for (or to) GM & Chrysler he would like to do for (to) every mfg industry!
http://www.politico.com/politico44/2012/08/obama-lets-repeat-auto-rescue-with-every-manufacturing-131566.html (http://www.politico.com/politico44/2012/08/obama-lets-repeat-auto-rescue-with-every-manufacturing-131566.html)
Yup, sounds like that is the missing ingredient to bring about the apocalypse to me!
But really, why care anymore? This statist c**ksucker is so brazen in his agenda and yet two things astonish me: 1) 80% of the nation does not vigorusly oppose this crap and 2)...well, this one could get me in trouble!
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Twinkies? You don't qualify for the card.
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I'll have to work on that...
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Going to join G, huh?
Call y'all the Dole Gang.
::tincup:: :o
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Hey, I heard a panhandler in CA made $60k last year...no taxes, no fines...he is probably more free than I am!
WTF am I working for? More importantly WHO the F am I working for?! Banks? Looters? Illegals? Deadbeats?
::gaah::
If the Pubbies aren't with me in beating them I might as well join them!
An honest hard-working man in today's world is nothing more than a sap, a chump, an easy target for all...a self-deluded fool!
This is the world we live in...
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Political Calculations shows unemployment if work force participation remained constant (http://politicalcalculations.blogspot.com/2012/08/we-tried-our-plan-and-it-worked.html)
(http://1.bp.blogspot.com/-JYJZI3hI8L4/UDKZjl9q4cI/AAAAAAAAF2g/5Q-Yod_So3A/s1600/what-us-ue-rate-if-lfpr-were-constant-at-jan-2009-level.png)
What we find suggests that there might indeed be something to the President's apparent belief that his economic plan has worked, although only half as well as intended, it seems: Here, we observe that the actual trajectory for the U.S. unemployment rate largely parallels the one he and his economic planners centered in Washington D.C. desired. Since the actual trajectory for the U.S. unemployment rate requires a significant decline in the United States' labor force participation rate in order for it to have fallen as it has, we must assume that was their intention.
The only problem for President Obama and his economic team is that too few Americans chose to exit the U.S. civilian labor force as they desired. In order to have achieved their goals, they would have needed to remove an additional 2% of the U.S. working age population from the ranks of the nation's civilian labor force.
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I must have taken my stupid pills this morning instead of my vitamins. Can someone explain that chart?
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I must have taken my stupid pills this morning instead of my vitamins. Can someone explain that chart?
The bottom line is where Obama said we would be if we passed the stimulus
The next line up is the "official" unemployment rate, U3 - which is a fudged number based on the number of people actively looking for work.
The top line is what the unemployment rate would be if the number of people in the work force (either employed or looking for work) remained constant as a percentage of the population
The only reason Obama's unemployment rate is 8% and not 11% is because a large number of people have dropped out of the work force- they just quit working or looking for work. Some of that is attributable to people just retiring - but not enough to say that is the cause - for young people would also be entering. The boomers leaving is probably going to keep driving workforce participation down - while driving SS and Medicare ( and now Obamacare) payments up.
Decreasing workforce means decreasing tax revenue - and what this graph is saysing is that a number of younger folks who could be employed, just stopped looking (ran out of their 99 weeks of unemployment) , retired, applied for disability etc. - The Demographics on this ponzi scheme are ready to pop.
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It short it means Obama screwed the pooch even worse than anybody thought possible, and incidentally, this is nothing compared to what damage he'll do if allowed to remain in office.
Probably no coincidence the Cons Confidence number yesterday didin't even come close to expectation...epic failure is hard to uncouple.
http://www.theblaze.com/stories/consumer-confidence-falls-to-nine-month-low/ (http://www.theblaze.com/stories/consumer-confidence-falls-to-nine-month-low/)
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Russia is stockpiling that ancient non-money relic called gold (http://www.marketwatch.com/story/why-is-putin-stockpiling-gold-2012-09-05)
Gee, what a waste of money- buying yellow rocks. All smart people invest in the American Stockmarket.
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Last night's uninspiring convention speech plus this: (http://www.foxnews.com/us/2012/09/07/us-economy-adds-6k-jobs-unemployment-rate-falls-to-81-percent/)
U.S. employers added 96,000 jobs last month, a weak figure that could slow the momentum President Barack Obama hoped to gain from his speech Thursday night to the Democratic National Convention.
The unemployment rate fell to 8.1 percent from 8.3 percent in July. But that was only because more people gave up looking for jobs. People who are out of work are counted as unemployed only if they're looking for a job.
...should equal a dead cat bounce. Or worse. I'm pulling for worse.
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Might be more like a dead cow bounce...that is, very little rebound action...just a loud THUD!
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Kick more out of the labor force, yeah, that's hope n' change Obama-style! And I'm sure those 88m losers feel good about it all...
http://www.dailymail.co.uk/news/article-2199815/Obamas-DNC-2012-speech-Bleak-unemployment-numbers-morning-Obama-tells-DNC-problems-solved.html (http://www.dailymail.co.uk/news/article-2199815/Obamas-DNC-2012-speech-Bleak-unemployment-numbers-morning-Obama-tells-DNC-problems-solved.html)
http://cnsnews.com/news/article/record-88921000-americans-not-labor-force-119000-fewer-employed-august-july (http://cnsnews.com/news/article/record-88921000-americans-not-labor-force-119000-fewer-employed-august-july)
And Helicopter Ben is about to try to buy some very short term happy happy hopium for the SCoaMF, which is all the SCoaMF has going for him right now...
http://www.cnbc.com/id/48939958 (http://www.cnbc.com/id/48939958)
All Obama and the Neo-Keynesians have is bullsh*t and paper!
Obama should lose by 20+ points and Ben should be drawn & quartered!
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If Bennie drives Au to 19 I'm outta' here.
http://www.aei-ideas.org/2012/09/one-of-the-most-devastating-charts-showing-this-is-a-non-recovery/ (http://www.aei-ideas.org/2012/09/one-of-the-most-devastating-charts-showing-this-is-a-non-recovery/)
(http://www.aei-ideas.org/wp-content/uploads/2012/09/090712earnings.jpg)
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Grab your go-bag or your ankles, won't be much else to choose from...
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::confused::
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Couldn't find "the coming catastrophe" so I put it here.
David Rosenberg's New Normal: "The Economy Does Not Drive The Markets Any More" (http://www.zerohedge.com/news/david-rosenbergs-new-normal-economy-does-not-drive-markets-any-more)
In fact, we ran correlations between daily changes in 10-year spreads and in the S&P 500 level and found that the correlation has gone from -13% from 2000-2011 to -33% since 2011 (2011 to now, meaning widening in spreads is associated with negative returns on the S&P500 and that inverse relationship has been magnified nearly three-fold in the past two years).
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Welcome to KabukiWorld. About the only thing reacting as it should (most of the time) is PM's...recent runnup in expectation of Helicopter Ben coming to the rescue of Duh Sinking Wun.
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Crap, I can't take this BS...
Something which also should be a huge millstone around Duh Wun's neck...is going to get free aid and comfort from that asshat J-Mac!
http://www.politico.com/news/stories/0912/81007.html (http://www.politico.com/news/stories/0912/81007.html)
Why can't this tired old RINO wander out into the desert alone...and...just...GO AWAY?!
::cussing:: ::gaah:: ::cussing::
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Moody's set to Downgrade Prez Downgrade some more...
http://www.forexlive.com/blog/2012/09/11/moodys-expects-to-cut-us-rating-without-deal-to-lower-debtgdp-ratio/ (http://www.forexlive.com/blog/2012/09/11/moodys-expects-to-cut-us-rating-without-deal-to-lower-debtgdp-ratio/)
This should bump Prez Downgrade another several points over Romney in the asshat push-polls, eh?
::)
This world is effed up...
::unknowncomic::
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He owns it, you'd think even independent moderates
could see that the deed's in his name.
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Iran seems to think Gold is money. (http://www.zerohedge.com/news/iran-gold-imports-turkey-surge-8-billion-ytd-gold-increasingly-used-currency)
Let us mock them...
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Iran seems to think Gold is money. (http://www.zerohedge.com/news/iran-gold-imports-turkey-surge-8-billion-ytd-gold-increasingly-used-currency)
Let us mock them...
OK, they may be smarter than Neo-Keynesian's...but their holdings may experience temperatures above melting point soon. ::evil::
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Fed - $40B/month in monetization of debt until things improve...
http://www.foxbusiness.com/economy/2012/09/13/fed-bernanke-decision-qe3/ (http://www.foxbusiness.com/economy/2012/09/13/fed-bernanke-decision-qe3/)
...I guess we can expect an unlimited engagement...at least until Helicopter Ben is grounded and sent to to boneyard...
::facepalm::
Romney better step up and announce to the world Ben is trying to save his sorry ass by overpriming the economy and fooling people into thinking all is well...when all is not well and keeping Obama and Bernanke in office will guarantee all will not end well, and end it will!
::gaah::
ETA -
http://www.zerohedge.com/news/fed-folds-will-do-open-ended-mbs-buying-extends-operation-twist (http://www.zerohedge.com/news/fed-folds-will-do-open-ended-mbs-buying-extends-operation-twist)
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Housing is rebounding! oh wait....
(http://www.zerohedge.com/news/foreclosure-stuffing)
there is now a 2.5 million "backlog" of properties that should be foreclosed upon based on historical trendlines, but which are being completely ignored by banks. A stuffed foreclosure channel, if you will.
What this has resulted in is a logical increase in prices of the properties that are on the market. The trade off, naturally, is that there are millions of properties, not only in shadow inventory, but in this sub-shadow pre-foreclosure space, where the tenants live mortgage-free as the banks refuse to begin the foreclosure process (which already takes a record length of time - think years - to go from issuance of Default Notice until a new tenants buys and moves into the property). It is these beneficiaries of bank generosity that are to "thank" for the fact that houses are rising in price, or, in other words, less affordable for everyone else.
Because while the number of houses where the equity is underwater may have declined, what has also declined is the number of actual buyers who may purchase said suddenly more expensive houses.
Finally, what hasn't declined, is the number of people who now and going forward will live completely mortgage free just to perpetuate the illusion that "housing has rebounded." Consider them sunk costs in this latest attempt to reflated housing. Also, thank them if suddenly that home you have wanted to buy is once again just out of purchasing reach.
As for those who have a mortgage, and are wondering if they should continue paying it or not: why pay? It is now not only the administration, but the banks who are effectively handing out free housing.
Remember: in this New Socialist Normal, "just say no" when asked to pay for anything.
I guess I am trying to sell at the right time.. but maybe I should just stop paying my mortgage...
after all the Fed will buy it (http://www.foxbusiness.com/economy/2012/09/13/fed-bernanke-decision-qe3/) Long live QE3! Buy more stocks so my stock options go up too!
In a significant shift in the direction of U.S. monetary policy, the Fed has tied its unconventional bond buying directly to economic conditions, a move that is likely to be controversial among central bank critics.
"If the outlook for the labor market does not improve substantially, the committee will continue its purchase of agency mortgage-backed securities, undertake additional asset purchases, and employ its other policy tools as appropriate until such improvement is achieved in a context of price stability," the Fed said in a statement.
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We should grab with one hand and refuse payment with the other...might have to collapse it to kill it... ::outrage::
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Last year I went in for the long term but it's so
confusing and, like totally, unpredictable got out
with %7. Whew.
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No, the real reason the iPhone5 matters is because this one gadget alone could add .33 percent to America's GDP. According to Michael Feroli of J.P.Morgan, "The third of a percentage point lift would limit the downside risk to our Q4 GDP growth projection, which remains 2.0 per cent." (http://www.cbsnews.com/8301-500395_162-57511984/will-the-iphone-5-boost-u.s-gdp/)
Yes a device you don't need, that people will go into hock to buy is going to provide a 1/3 percentage point boost in GDP- iPhone5 save us. For another Quarter year.
From a ZH comment thread:
This isn't QE3...this is QEi5
Everyone needs to understand as to the REAL REASON why QE3 was launched last night....APPLE!!!!
Bernanke's focus was on Market/Public sentiment...yeah?
Think about it. If this week's launch of the iPhone5 were to fail and not meet and/or exceed sales targets, THAT ladies and gentlemen, would potentially be the rudest awakening to the Western World, that we really are in a Global Recession, bigger than anything else! Food & Oil can go up in price, but don't f**k with our toys.
Apple's revenue contributes to what percentage of the US GDP figures, and how much of Apple's revenues are attributable to iPhone sales??? (Rhetorical, I know the stats).
iPhone sales affect both GDP numbers and sentiment.
iPhone (Apple) has a greater effect on Market/Public sentiment than any other factor.
After FaceBook went FacePlant and then FaceEgg, there was no way in hell Apple was going to be allowed to go the way of the Lawn Dart.
It's Extend and Pretend via the iPhone5 vehicle…It's that f**king simple.
QEi5 lives!
followed by
I pledge allegiance to the fruit
Of the United States of America.
And to the iPhones for which it stands.
One pie, under Obama , fundamentally transformed,
With slices, of wealth to spread around, for all.
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Ann Barnhardt:
I'M NOT EVADING. I'M RIDING OUT TO MEET THEM.
POSTED BY ANN BARNHARDT - SEPTEMBER 12, AD 2012 7:55 PM MST
Stop sending links to crackpot tax evasion websites and attorneys. Y'all don't get it. What I am doing is the exact opposite of tax evasion. I'm not evading the IRS or the Obama regime. I'm calling the bastards out. I'm walking out to meet them. Evasion, especially in the form of sleazy litigation, is the domain of the coward and the fool. I am neither, so spare me the tax evasion "advice".
You people who subscribe to this nutty nonsense about not being under the jurisdiction of the United States because your name is typed in caps on your birth certificate, or because the American flag has gold fringe on it, or the utterly childish fantasy that if you sign your name across a postage stamp you become your own "postmaster" and thus some sort of secret force field is erected around you and the government can't touch you, is all part and parcel of the intense psychological problems that this culture suffers from collectively. You people think that you can honestly make some legal argument with the Obama regime? With the IRS? These people are lawless, evil psychopathic criminals. You can't argue statute with them. You can't make ANY appeal to the Rule of Law, much less appealing to batsh*t nonsense, which is what all of these tax evasion fantasies are, because the Rule of Law is dead.
According to you fools, all of the Jews in Poland should have just bought a postage stamp, signed their name across it, and then when the SS came to round them up and/or summarily execute them in the street, WELL, they should have just waved their magic signed postage stamp in those mean old Nazis' faces, and then the SS would have been frozen in their tracks!
If you believe that, you need to see a neurologist NOW and tell him that you are having schizoid delusions and are incapable of discerning the difference between fantasy and reality. Seriously.
No. There comes a time when people of integrity say "no more" and ride out to meet the enemy head-on. Will you be killed? Maybe. Probably. That isn't the point. The point is the RIDING OUT.
In the second Lord of the Rings movie there is a scene that brilliantly demonstrates the moral action of Riding Out and meeting the enemy. And remember, The Lord of the Rings is Christian Allegory from top to bottom. That is why Tolkien wrote it. Every scene, character and group is representative of something in Christianity.
The siege of Rohan at Helm's Deep by Saruman's army of Uruk Hai is going badly. King Theoden is despairing. Aragorn, never losing his faith or hope, seeing Theoden's despair, rouses him to ride out in a final charge, to die with honor and glory.
They ride out, and as they do, Gandalf, in command of the Rohirim, appears at the top of the hill to the east, fulfilling his promise. Gandalf then leads a flanking charge, the Uruk Hai are destroyed and King Theoden, Aragorn, the charging party and the survivors inside Helm's Deep are saved.
The allegory is perfect. Christ doesn't want us to sit on our asses and wait for Him to come along and save us, and those of you who think that is the "Christian reponse" in all of this are dead wrong. Christ wants us to RIDE OUT. He wants us make that choice because making that choice will bring us closer to Him. Just as He walked out to meet the guards who came to arrest Him in the Garden of Gethsemane, He wants us to share in that aspect of His Passion so that we can be as close to Him as possible. He wants us to have Hope in Him and to trust in Him, just as He walked out of the Garden in perfect Hope and Faith, even knowing that He was going to His death, but trusting perfectly in God the Father and the resurrection.
In order to get to the resurrection, He, and every one of us, MUST go through the Cross. There is no evasion. There was no arguing law, statute or even common decency with either the Sanhedrin, Herod Antipas, Pilate or the Mob. There was no arguing law or decency with Saruman and the Uruk Hai. There is no arguing the Natural Law, the Constitution or human decency with the Obama regime. All you can do is ride out and meet them.
The perfect template for how we are to respond and what we are to do in this situation now IS SIMPLY THE PASSION NARRATIVE. Just read the Gospels and it is clear what we are supposed to do. Imitate Christ.
"So much death. What can men do against such reckless hate?"
"Ride out with me. Ride out and meet them."
Like Aragorn, I am riding out, and also like Aragorn, I will look to the East whence cometh my salvation. Whether that salvation is made manifest in this life, or only in the next, is of trifling importance to me.
Look. To. The. East.
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I'm not evading the IRS or the Obama regime. I'm calling the bastards out. I'm walking out to meet them.
She's a sweetheart. Thanks for posting it.
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She may very well go to jail, as afraid as Christ was in the garden. But, she will prevail there, with His protection.
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The word surrender is not in her vocabulary, God Bless her!
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Egan-Jones first to give a downgrade, props to the BenBernanke for a job well done...
http://www.cnbc.com/id/49037337 (http://www.cnbc.com/id/49037337)
Expect the others to follow suit...unless Prez Downgrade was successful in getting to some of them...
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More middle class kicked to the curb by Obama via his fossil fuel hating EPA!
The coal industry has been hit by competition from cheap natural gas, but Alpha made clear in its announcement that an equal problem is a Washington “regulatory environment that’s aggressively aimed at constraining the use of coal.” That’s a direct reference to the deluge of Obama Environmental Protection Agency regulations designed to force the closure of coal-fired power plants.
http://www.thegatewaypundit.com/2012/09/leading-coal-company-will-lay-off-1200-workers-blames-obama-epa-regulations/ (http://www.thegatewaypundit.com/2012/09/leading-coal-company-will-lay-off-1200-workers-blames-obama-epa-regulations/)
Hope y'all vote early and vote often to toss the SCoaMF to the curb in return!!!
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The coming bacon shortage. (http://www.breitbart.com/Breitbart-TV/2012/09/25/National-Disaster-Warning-Bacon-Shortage-Now-Unavoidable)
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More proof Obama is a Muslim?
His power is targeting the Pork-eating Infidels!
::gaah::
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The coming bacon shortage. (http://www.breitbart.com/Breitbart-TV/2012/09/25/National-Disaster-Warning-Bacon-Shortage-Now-Unavoidable)
Great.....In obama rationale, he is creating pork in the new obama economy and must balance it by ending pork as a food product.
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Isn't it amazing how the Obama Regime does all it can to remove people from the official numbers (I wonder if those people know they don't matter to Obama even though I would think they would be in the 47%...I wonder how they'll vote?) and yet the rate holds steady above 8% (and in this case is expected to creep up to 8.2%)?!
http://www.cnbc.com/id/49290835 (http://www.cnbc.com/id/49290835)
This is winning Obama-style...
::)
ETA - Yeah, here we go...7.8% my fat ::cussing:: !
Complete preelection "massaging" farce.
(http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/09-2/Labor%20Participation%20Rate_0.jpg)
http://www.zerohedge.com/news/2012-10-05/nfp-prints-114k-top-expectations-115k-unemployment-rate-tumbles-78-expectations-82 (http://www.zerohedge.com/news/2012-10-05/nfp-prints-114k-top-expectations-115k-unemployment-rate-tumbles-78-expectations-82)
C**cksucking Obama Regime does it again!
::effu::
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This guy does more magic tricks than Harry Potter.
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Jack Welch , retired CEO of G.E. says there's something that doesn't smell right about these numbers . Apparently , Wall Street agrees because the best the Dow could come up with was a 34 point increase for the day . Why would they hold back on such dramatically improved numbers unless they just flat out don't believe them ? Not a single one of the top 25 economists in the country saw a dip below 8.1% and most were leaning toward 8.2% . This is rank dishonesty on a criminal level if it can be proved that the Labor Dept. cooked the books to give Stymie a political advantage . I'm inclined to believe that's the case .
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It was last month...or maybe the month before we had the same job growth and the unemployment rate inched up .2. You knew this was gonna happen. Gotta gets the huddled masses minds off the debate and unto the wunderment that is BO.
Obama said he would drop unemployment...who knew his strategy would be to shrink the workforce, kick them to the curb and use a dishonest number. Frankly, I'm shocked. ::falldownshocked::
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Jack Welch , retired CEO of G.E. says there's something that doesn't smell right about these numbers . Apparently , Wall Street agrees because the best the Dow could come up with was a 34 point increase for the day . Why would they hold back on such dramatically improved numbers unless they just flat out don't believe them ? Not a single one of the top 25 economists in the country saw a dip below 8.1% and most were leaning toward 8.2% . This is rank dishonesty on a criminal level if it can be proved that the Labor Dept. cooked the books to give Stymie a political advantage . I'm inclined to believe that's the case .
Read this (http://neoneocon.com/2012/10/05/the-new-unemployment-figures/) earlier, SH:
Statistics such as the unemployment rate are often misleading even when done properly. Personally (although I don’t doubt Obama would do it if he could, and if he felt it necessary), I’m with Keith Hall, former commissioner of the Bureau of Labor Statistics, who had this to say:
There ’s nothing wrong with the numbers. The only issue is the interpretation of the numbers. The numbers are what they are.
The article goes on:
The unemployment rate estimate is derived from a survey of households, which came up with an estimate that 863,000 jobs were added for the month.
But the separate establishment survey from which the official payrolls number is derived reported a more modest seasonally adjusted gain of 114,000 jobs in September. That was below the consensus forecast of 118,000, though the previous two months were revised higher.
Mr. Hall said the inconsistent reports reflect the different samples used in the two surveys, one focused on households the other on businesses. The establishment survey has a huge sample size of 141,000 business and agencies covering 486,000 worksites, whereas the household survey covers just 60,000 homes.
“The household survey is much smaller. When you look at something like labor force and employment levels, the uncertainty of those numbers is much larger,” said Mr. Hall. “Within two months, the household survey could show the unemployment rate eking back up.”
...
(ADDENDUM: Paul Mirengoff of Powerline points out a good illustration of what Keith Hall was talking about, concerning the household survey numbers vs. the business survey (emphasis mine):
So how did the Department of Labor come up with an unemployment rate that indicates significant improvement in the jobs picture? It found the alleged improvement through its survey of households. As Hassett explains, the Labor Department’s jobs report is always based on two surveys, one of households and one of establishments.
Professional economists and the press usually emphasize the establishment survey because it is considered less volatile. This month, that survey continues to show the usual weakness in the job market. But the household survey purports to show massive improvement.
Hassett says that during the Bush presidency, the MSM discounted the household survey whenever it revealed good news, claiming that the numbers are suspect. I find the latest household survey numbers — coming just before the climax of this election and contradicting more reliable data — to be suspect, indeed.
Again, it’s the spin that differs. By offering several numbers from which to pick and choose, the BLS gives the MSM the opportunity to tell the public which one is the more important, based on whether they want to help or hurt the administration.
So, there are two ways to "count" and, it seems to me, the counters are not in the least disconcerted that the results from both don't coordinate or confirm each other, instead they'll use whatever fits their narrative.
If this bullspit was all one ever heard, one would indeed begin to question if there is a Truth.
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Jack Welch , retired CEO of G.E. says there's something that doesn't smell right about these numbers . Apparently , Wall Street agrees because the best the Dow could come up with was a 34 point increase for the day . Why would they hold back on such dramatically improved numbers unless they just flat out don't believe them ? Not a single one of the top 25 economists in the country saw a dip below 8.1% and most were leaning toward 8.2% . This is rank dishonesty on a criminal level if it can be proved that the Labor Dept. cooked the books to give Stymie a political advantage . I'm inclined to believe that's the case .
Its a poll. Which makes it perfect for manipulation. Oh its an "outlier" - they happen sometimes. Meanwhile the Dems get to run around touting it as a real improvement until the next poll. Amazing how this outlier turned up this week, and obviously everyone else (including Gallop) has determined the same. Lie. Cheat. Steal. The Democrat motto.
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If this bullspit was all one ever heard, one would indeed begin to question if there is a Truth.
The Shills in the media need to be tried as traitors right along with Obama and the rest of his cronies.
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If this bullspit was all one ever heard, one would indeed begin to question if there is a Truth.
The Shills in the media need to be tried as traitors right along with Obama and the rest of his cronies.
And that's just to start, imo ......
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This looks like as good a time as any to mention that I am really looking forward to locking and retiring this thread as soon as the fag is gone.
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Yep. But we'll need a new one for "Continued fallout from Obama's depression".
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This was as predictable as the sun rising in the east tomorrow morning. I just wonder how much effect it will have. The narrative to go along with it will certainly be "surely you don't want to change leadership right when things are finally starting to click into place, do you?"
Romney will need to bypass the media and speak to the American people directly. This is in essence like boasting that casualty rates declined after the Battle of the Somme. Yeah, that's because there were over 30,000 of them in about the first 40 minutes of that battle. The shrinking size of the work force, that was yesterday's casualties.
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More on the jobs numbers ....
Fact Check: Labor Secretary Solis Misleads on Jobs Revisions (http://www.breitbart.com/Big-Government/2012/10/05/Suspicion-Falls-on-Labor-Secretary-Solis-as-Jobs-Numbers-Questioned)
Suspicion about the federal government's September jobs report has fallen on Secretary of Labor Hilda Solis, who appeared on CNBC this morning and defended the numbers from the Bureau of Labor Statistics (BLS), claiming--falsely--that upward revisions of 86,000 jobs were from the private sector. In fact, the new number is entirely accounted for by upwards revisions to state and federal government payrolls.
... Note that Solis describes the 86,000 upward revision as if it were an increase in private sector jobs, though in fact the increase came entirely from revisions to public sector payrolls by cash-strapped federal and state governments. Instead of shedding jobs, as previously claimed, governments have been adding jobs.
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More on the jobs numbers ....
Fact Check: Labor Secretary Solis Misleads on Jobs Revisions (http://www.breitbart.com/Big-Government/2012/10/05/Suspicion-Falls-on-Labor-Secretary-Solis-as-Jobs-Numbers-Questioned)
Suspicion about the federal government's September jobs report has fallen on Secretary of Labor Hilda Solis, who appeared on CNBC this morning and defended the numbers from the Bureau of Labor Statistics (BLS), claiming--falsely--that upward revisions of 86,000 jobs were from the private sector. In fact, the new number is entirely accounted for by upwards revisions to state and federal government payrolls.
... Note that Solis describes the 86,000 upward revision as if it were an increase in private sector jobs, though in fact the increase came entirely from revisions to public sector payrolls by cash-strapped federal and state governments. Instead of shedding jobs, as previously claimed, governments have been adding jobs.
Those numbers are BULL!
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Yahoo news is doing their best to help Obama. Their headline read: Unemployment plunges...
with a word like plunges I'd expect something HUGE.
That's like saying I plunged down to the next step on the staircase
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Yeah I believe "tumbles" was the word Reuters used.
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And the news-readers used by local reader narrated it the same way.
Truth. They are not acquainted with it.
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Frankly I'm ready for them to become acquainted with something else. They are, as Pat Caddell said, enemies of the American people. The destruction they have wrought is very real, and done entirely on purpose.
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Decorations.
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Shovel ready gov't jobs....
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Lot of part time jobs, something like 75% of the new adds, no doubt canvassers for Duh Wun that will be gassed next month and probably paid with illegal overseas money...
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$1,000,000 per job "saved or created" (http://www.zerohedge.com/news/2012-10-08/chart-day-new-normal-trade-debt-vs-jobs)
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Gimmie my $1m!
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Gimmie my $1m!
Nope sorry you don't qualify because yours wasn't saved or created,it's a real job and they don't qualify.
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Lot of part time jobs, something like 75% of the new adds, no doubt canvassers for Duh Wun that will be gassed next month and probably paid with illegal overseas money...
Never mentioned is the issue of work permits for foreigners. I wonder if they're still at 125,000 per month (https://www.numbersusa.com/content/nusablog/beckr/august-19-2009/125000-brand-new-foreign-workers-work-permits-each-month-heres-proof.h) as they were in '09.
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I haven't seen anything recent on that but it is safe to assume it hasn't dropped.
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How do you game GDP before an election? If you guessed "more government spending" you're a winner!
http://www.zerohedge.com/news/2012-10-26/q3-gdp-estimate-beats-expectations-government-consumption-soars (http://www.zerohedge.com/news/2012-10-26/q3-gdp-estimate-beats-expectations-government-consumption-soars)
Unfortunately, this also makes you, and all of us, the loser!
::cussing:: ::gaah:: ::rockets::
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More winning Obama-style: US Debt:GDP 102.4%!
http://www.zerohedge.com/news/2012-10-26/september-30-2012-us-debt-gdp-1024 (http://www.zerohedge.com/news/2012-10-26/september-30-2012-us-debt-gdp-1024)
::speechless:: ::cussing:: ::angry:: ::gaah:: machinegun
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Numbers gaming, it never gets old -
http://www.zerohedge.com/news/2012-11-01/adp-jobs-number-unsurprisingly-beats-post-revision-expectation (http://www.zerohedge.com/news/2012-11-01/adp-jobs-number-unsurprisingly-beats-post-revision-expectation)
Just remember 365K lost, pass on the Kool Aid...
Claims - The pattern of changing a hit to a miss a week later still holding true -
http://www.zerohedge.com/news/2012-11-01/initial-claims-beat-expectations-last-weeks-beat-revised-miss (http://www.zerohedge.com/news/2012-11-01/initial-claims-beat-expectations-last-weeks-beat-revised-miss)
Kabuki Economics, it's all the rage!
::mooning::
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Seasonally adjusted ::) U3 at 7.9%.
http://www.zerohedge.com/news/2012-11-02/putting-todays-job-number-seasonally-adjusted-context (http://www.zerohedge.com/news/2012-11-02/putting-todays-job-number-seasonally-adjusted-context)
Birth of a fraud, death of an economy...
::facepalm::
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What new (cough!) jobs there are...must be McJobs...
http://www.zerohedge.com/news/2012-11-02/and-not-so-pretty-record-low-rise-average-hourly-wages (http://www.zerohedge.com/news/2012-11-02/and-not-so-pretty-record-low-rise-average-hourly-wages)
Work for less, and like it! Back to work, peasant!
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Things always look better in perspective, this is pretty damning -
(http://thegatewaypundit.com/wp-content/uploads/2012/11/obama-ue-rate.jpg)
http://www.thegatewaypundit.com/2012/11/october-unemployment-jumps-to-7-9-making-obama-worst-jobs-president-since-great-depression/ (http://www.thegatewaypundit.com/2012/11/october-unemployment-jumps-to-7-9-making-obama-worst-jobs-president-since-great-depression/)
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Just a tad short of a 100% increase in unemployment since he was elected. If he's re-elected it will compound.
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Market has been crapping itself yesterday and its still struggling today.
Now, we have McD's showing problems.
http://www.myfoxny.com/story/20039869/mcdonalds-sales-drops-for-first-time-since-2003 (http://www.myfoxny.com/story/20039869/mcdonalds-sales-drops-for-first-time-since-2003)
I guess all those new arrivals on food stamps are forced to the grocery store now and McD's is suffering the most as a result.
And Californication's economy will no doubt take some more hits...
http://online.wsj.com/article/SB10001424127887324439804578104854095658918.html?mod=WSJ_hpp_MIDDLENexttoWhatsNewsThird (http://online.wsj.com/article/SB10001424127887324439804578104854095658918.html?mod=WSJ_hpp_MIDDLENexttoWhatsNewsThird)
::saywhat:: ::hysterical::
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::siren::
Coming faster now!
http://www.washingtontimes.com/blog/watercooler/2012/nov/8/picket-companies-plan-massive-layoffs-obamacare-be/ (http://www.washingtontimes.com/blog/watercooler/2012/nov/8/picket-companies-plan-massive-layoffs-obamacare-be/)
http://www.ksl.com/?sid=22890041&nid=148&title=utah-company-blames-president-obama-for-102-workers-laid-off&s_cid=featured-4 (http://www.ksl.com/?sid=22890041&nid=148&title=utah-company-blames-president-obama-for-102-workers-laid-off&s_cid=featured-4)
http://www.washingtonpost.com/business/economy/after-obama-re-election-ceo-reads-prayer-to-staff-announces-layoffs/2012/11/09/e9bca204-2a63-11e2-bab2-eda299503684_story.html (http://www.washingtonpost.com/business/economy/after-obama-re-election-ceo-reads-prayer-to-staff-announces-layoffs/2012/11/09/e9bca204-2a63-11e2-bab2-eda299503684_story.html)
Hopefully most of those getting axed are FREE SHYT voters! ::asskicking::
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My old employer, today, closed its branch in Nashville, Atlanta, buffalo and a few others. Don't know if it is true, but was told if the election went Romney, they would wait a year to make these decisions. I spoke to a couple of my old employees. Sad. Two worked there for 20 years.
I told them to get signed up for every program they can find.
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My old employer, today, closed its branch in Nashville, Atlanta, buffalo and a few others. Don't know if it is true, but was told if the election went Romney, they would wait a year to make these decisions. I spoke to a couple of my old employees. Sad. Two worked there for 20 years.
I told them to get signed up for every program they can find.
20 years,what a shame.
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Life is cheap, we will soon test the floor.
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This thread is a little over a year old and twenty pages long already. Can't wait to see the length of it after four more years. Yay. >:(
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Yeah, Yay. ::puke:: ::gaah:: ::rockets::
But in an odd twist of fate it has to get worse, or people will fail to feel the lesson in their bones...
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::siren::
Coming faster now!
http://www.washingtontimes.com/blog/watercooler/2012/nov/8/picket-companies-plan-massive-layoffs-obamacare-be/ (http://www.washingtontimes.com/blog/watercooler/2012/nov/8/picket-companies-plan-massive-layoffs-obamacare-be/)
http://www.ksl.com/?sid=22890041&nid=148&title=utah-company-blames-president-obama-for-102-workers-laid-off&s_cid=featured-4 (http://www.ksl.com/?sid=22890041&nid=148&title=utah-company-blames-president-obama-for-102-workers-laid-off&s_cid=featured-4)
http://www.washingtonpost.com/business/economy/after-obama-re-election-ceo-reads-prayer-to-staff-announces-layoffs/2012/11/09/e9bca204-2a63-11e2-bab2-eda299503684_story.html (http://www.washingtonpost.com/business/economy/after-obama-re-election-ceo-reads-prayer-to-staff-announces-layoffs/2012/11/09/e9bca204-2a63-11e2-bab2-eda299503684_story.html)
Hopefully most of those getting axed are FREE SHYT voters! ::asskicking::
The only thing which warms my heart over these layoffs is the fact most are headquartered in the northeast. Lets see how that Obama vote feels when they are laid off. Asshats.
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The only thing which warms my heart over these layoffs is the fact most are headquartered in the northeast. Lets see how that Obama vote feels when they are laid off. Asshats.
That's just it though, they're not putting 2 and 2 together. To some extent, they don't have to. They don't have to because the loving embrace of Nanny is there. There with 99 weeks of unemployment, there with SNAP and WIC benefits, there with EBT cards, there with rent control and rent assistance, and so on.
Rush alluded to this several times in the lead up to this election. His description was "People aren't working, but they're not starving. They aren't working but they've got flat screens and cell phones."
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The only thing which warms my heart over these layoffs is the fact most are headquartered in the northeast. Lets see how that Obama vote feels when they are laid off. Asshats.
That's just it though, they're not putting 2 and 2 together. To some extent, they don't have to. They don't have to because the loving embrace of Nanny is there. There with 99 weeks of unemployment, there with SNAP and WIC benefits, there with EBT cards, there with rent control and rent assistance, and so on.
Rush alluded to this several times in the lead up to this election. His description was "People aren't working, but they're not starving. They aren't working but they've got flat screens and cell phones."
I read VDH's article from a day or two ago on the election. He said back in the summer he talked to a guy in Michigan voting for BO. VDH reminded the guy about the $25B bailout, etc etc and the guy said he didn't care because his son had a job (because of BO). THEY DON'T CARE IF WE'RE GOING OVER A CLIFF.
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The only thing which warms my heart over these layoffs is the fact most are headquartered in the northeast. Lets see how that Obama vote feels when they are laid off. Asshats.
That's just it though, they're not putting 2 and 2 together. To some extent, they don't have to. They don't have to because the loving embrace of Nanny is there. There with 99 weeks of unemployment, there with SNAP and WIC benefits, there with EBT cards, there with rent control and rent assistance, and so on.
Rush alluded to this several times in the lead up to this election. His description was "People aren't working, but they're not starving. They aren't working but they've got flat screens and cell phones."
I read VDH's article from a day or two ago on the election. He said back in the summer he talked to a guy in Michigan voting for BO. VDH reminded the guy about the $25B bailout, etc etc and the guy said he didn't care because his son had a job (because of BO). THEY DON'T CARE IF WE'RE GOING OVER A CLIFF.
*snort* Apparently we conservatives are late to the game of every man for himself.
O. kay. I can do that.
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My parents were kids during the depression. They grew up seeing true desperate times - you know - not like not having fresh batteries for your nintendo but more like not having a GD thing to eat and a house with a dirt floor.
It's been long enough now that most who lived through those times are gone now - or their minds are so gone they don't remember. So, effectively, we do not have a genetic memory as Americans what it was like to be poor. I have come close a couple of times. Living in my van. My liquid assets loose change in my pocket.
Most people haven't experienced it and since the Free Shyt Party has learned how to pander for votes few will....for just a little longer. I do believe that this is all going to come tumbling down - even more strongly than before the election. I think that our collective fates are now sealed. The comments I see from the left suggest exactly the opposite. Without a shred of objective evidence to substantiate their position they feeeeeeeel that everything is going to be ham~n~jam.
I've seen others try to gently pry the tiniest bit of rational thought out of them to share their secret to success but I have yet to see a single one offer anything up. In other words they hold their view as an article of faith. Faith in the ØbaMessiah I guess.
Øbongo never did more than hint at what he was apt to try to get the country going again (that is, of course because his only plan is to continue to bleed us), but these folks aren't showing any signs of fear - yet. And I doubt that they will, even as energy prices and food prices skyrocket this winter, along with spot shortages of both food and fuel across the country.
I hold that they won't start to panic until the checks stop coming, or the banks shutter their doors.
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This thread is a little over a year old and twenty pages long already. Can't wait to see the length of it after four more years. Yay. >:(
I'd like to say that I'm the proud father of this thread but after last Tuesday I wish this thread had been strangled at birth.
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My parents were kids during the depression. They grew up seeing true desperate times - you know - not like not having fresh batteries for your nintendo but more like not having a GD thing to eat and a house with a dirt floor.
It's been long enough now that most who lived through those times are gone now - or their minds are so gone they don't remember. So, effectively, we do not have a genetic memory as Americans what it was like to be poor. I have come close a couple of times. Living in my van. My liquid assets loose change in my pocket.
Most people haven't experienced it...
My mom grew up in the rural south during the depression. My father lived in a comfortable middle class-like existence during the depression. It created tension between them occassionally. Some of my mother's "cheapness" or frugality rubbed off on me. My husband while he likes to claim that his family had hard times, he never had to experience it. His parents made sure the kids were never affected if there were hard times. I grew up turning out lights to save money. My husband doesn't think it saves anything. We went camping. My husband went skiing and stayed at DisneyWorld. His mother bought the premade cookie mix for cookie baking. My mom made cookies completely from scratch. I make cookies from scratch. My husband drives to the store to get cookies.
My father was quite a bit older than my mom and served in WWII when my mom was still a child. My mother was the baby in her family. Her brothers served in WWII when she was little. The influences I grew up with were people who never forgot the depression or the price of war. To this day I feel a connection to my mother's family and their experiences. I feel like I carry of part of them in me. As for my father, he was very proud of his army service and in our family the "greatest" generation had an influence on us and even during the Vietnam War it was as if WWII had just happened a few years before.
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My parents were kids during the depression. They grew up seeing true desperate times - you know - not like not having fresh batteries for your nintendo but more like not having a GD thing to eat and a house with a dirt floor.
It's been long enough now that most who lived through those times are gone now - or their minds are so gone they don't remember. So, effectively, we do not have a genetic memory as Americans what it was like to be poor. I have come close a couple of times. Living in my van. My liquid assets loose change in my pocket.
Most people haven't experienced it and since the Free Shyt Party has learned how to pander for votes few will....for just a little longer. I do believe that this is all going to come tumbling down - even more strongly than before the election. I think that our collective fates are now sealed. The comments I see from the left suggest exactly the opposite. Without a shred of objective evidence to substantiate their position they feeeeeeeel that everything is going to be ham~n~jam.
I've seen others try to gently pry the tiniest bit of rational thought out of them to share their secret to success but I have yet to see a single one offer anything up. In other words they hold their view as an article of faith. Faith in the ØbaMessiah I guess.
Øbongo never did more than hint at what he was apt to try to get the country going again (that is, of course because his only plan is to continue to bleed us), but these folks aren't showing any signs of fear - yet. And I doubt that they will, even as energy prices and food prices skyrocket this winter, along with spot shortages of both food and fuel across the country.
I hold that they won't start to panic until the checks stop coming, or the banks shutter their doors.
They can starve in the cold dark for all I care. I used to think I wouldn't be able to harden my heart toward 'em, particularly if there were children, but screw all that. I'm done talking -- prepare, prepare, prepare, bad times are coming, look at the data -- now I'm just a-shuttin' up and watching my ps & qs.
It's tough love or tough, period, if you prefer. Any helping of them will avert the lesson they are meant to learn and I intend to not help them avoid learning it.
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I'm personally hoping that the House can't get enough votes to increase the debt ceiling. That will screw over the BO admin better than anything I can think of.
I don't see why going into default is all that bad an option. I mean...it's a pay me now or pay me later kind of thing. I say to just get it over with. We are going to take it in the shorts no matter what so lets just do it.
Plus, we have the very satisfying experience of watching the SCOAMF sputter and flounder like the imbecile he is. That has to be worth something.
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"It's tough love or tough, period, if you prefer. Any helping of them will avert the lesson they are meant to learn and I intend to not help them avoid learning it."
Yup, feel it in their bones, and it won't be felt by just a default, that just isn't painful enough, and expecting Boehner to not play along with Stymie is not the side of the bet I'd lay cash on.
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I'm personally hoping that the House can't get enough votes to increase the debt ceiling. That will screw over the BO admin better than anything I can think of.
I don't see why going into default is all that bad an option. I mean...it's a pay me now or pay me later kind of thing. I say to just get it over with. We are going to take it in the shorts no matter what so lets just do it.
Plus, we have the very satisfying experience of watching the SCOAMF sputter and flounder like the imbecile he is. That has to be worth something.
Of course, we know that's not going to happen. Boo Hoo Boehner has already folded like a lawn chair, and the administration hadn't even publicly pressured him yet.
I'm rather of the mind now that they should just give the Democrats absolutely every single thing they want. As Rush put it, just take a page out of Obongo's book and vote present from now on.
Raise the debt ceiling by $2.4 trillion? Why stop there? If I were the House Republicans I'd propose in dramatic fashion "How about....a trillion, trillion!" Might as well make a mockery of this on the way down. The Democrats have hit an electoral gold mine by pandering to a fundamentally unserious population, and it has now sealed the fate of an entire country. Give the a-holes everything they want now. The end is near, so it won't really matter anyway.
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Yup, I said $100T but pick a number, who cares? It's just a number, right?
Nice idea about voting present.
Oh, and with Dingy cutting back minority rights, the Senate is going to rubberstamp EVERYTHING, especially UN treaties hostile to the ocnstitution, but the constitution is but a minor impediment to the Left now, they can openly defy it and change it as they have long desired...we are in the age of unaccountability, cowardice and indifference...as long as the looters get their smokes, cable TV, booze, birth control, free healthcare and Obamaphones there will be no dissent...and what dissent there is will be crushed...
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Yup, I said $100T but pick a number, who cares? It's just a number, right?
Nice idea about voting present.
Oh, and with Dingy cutting back minority rights, the Senate is going to rubberstamp EVERYTHING, especially UN treaties hostile to the ocnstitution, but the constitution is but a minor impediment to the Left now, they can openly defy it and change it as they have long desired...we are in the age of unaccountability, cowardice and indifference...as long as the looters get their smokes, cable TV, booze, birth control, free healthcare and Obamaphones there will be no dissent...and what dissent there is will be crushed...
When Bush was in office and the Senate Republican majority was considering the same action because they couldn't get hearings for the judges' nominations, the Presstitutes were SCREAMING about it, using the term "NUCLEAR OPTION". Remember that? Heard that phrase lately for what Reid is proposing?
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Yup, I said $100T but pick a number, who cares? It's just a number, right?
Nice idea about voting present.
Oh, and with Dingy cutting back minority rights, the Senate is going to rubberstamp EVERYTHING, especially UN treaties hostile to the ocnstitution, but the constitution is but a minor impediment to the Left now, they can openly defy it and change it as they have long desired...we are in the age of unaccountability, cowardice and indifference...as long as the looters get their smokes, cable TV, booze, birth control, free healthcare and Obamaphones there will be no dissent...and what dissent there is will be crushed...
When Bush was in office and the Senate Republican majority was considering the same action because they couldn't get hearings for the judges' nominations, the Presstitutes were SCREAMING about it, using the term "NUCLEAR OPTION". Remember that? Heard that phrase lately for what Reid is proposing?
Not a peep, shocking, I know...
::) ::gaah::
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Ben - "Ctrl-P damnit, Ctrl-P!"
Timmy - "WTF? Do it already!"
Lackey - "I'm hitting it, I'm hitting, it! This isn't working!"
(BANG!)
Ben - "Get a new lackey in here and get this thing going!"
http://www.zerohedge.com/news/2012-11-11/spot-start-end-keynesian-dream (http://www.zerohedge.com/news/2012-11-11/spot-start-end-keynesian-dream)
Why are morons always out to prove that failure means you aren't doing enough of the stupid thing that isn't working anymore?
Whatever...
More! Break this SOB!
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Those damn producers are bailing, shocking I know. ::)
http://www.cnbc.com/id/49792979 (http://www.cnbc.com/id/49792979)
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Those damn producers are bailing, shocking I know. ::)
http://www.cnbc.com/id/49792979 (http://www.cnbc.com/id/49792979)
Yea, suddenly faced with paying " their fair share", Hollywood sells before their fair share goes way up.
The tax which will effect, or hurt IMO, the most will be hiking taxes on estates, especially if it goes down to 1 million. This will affect more people than we can ever imagine. I know this could have a huge negative effect on my family. One million dollars used to be a lot of money, but today, while still a good bit, there are many families who cross this threshold.
I can't imagine the shock and surprise, after finding a family has a value of 1.5 million dollars upon death, that 800 k will be taken in taxes, forcing liquidation of assets to pay.
I believe there will be a special place in hell for those who find their satisfaction from the envy that encompasses thier pitiful life.
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I believe there will be a special place in hell for those who find their satisfaction from the envy that encompasses thier pitiful life.
Save room for the ones who dreamed up this f*cking death tax.
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This will be another foot dragging to the economy.
http://www.cnbc.com/id/49792979 (http://www.cnbc.com/id/49792979)
Fearing an increase in capital gains and dividend taxes, many of the rich are unloading stocks, businesses and homes before the end of the year.
Wealth advisors say that with capital-gains taxes potentially going to 25 percent from 15 percent, and other possible increases in the dividend tax, estate tax and other taxes, many clients are selling now to save millions in taxes.
Remember the boat builders that went out of business when Clinton imposed the luxury tax?
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There are the known knowns, the known unknowns and the unknown unknowns, (look at that often enough and "known" starts to lose all meaning) which is to say there will be the usual and unusual raft of unintended consequences.
I heard a report the other day of a county (somewhere) that estimated Obamacare is going to cost them $300 million more for insurance plans for their school system alone.
Now ....
.... property taxes usually pay for teachers' and administrators' salary and bennies. I want to see the county Commissioners or whoever turn to the county property owners and tell them that in addition to forking over thousands more for their own medical insurance, property tax increases will be raised 200% to cover government school staff. That's going to sit real well with people out of work and barely holding onto to their homes, I betcha.
The choices will be to fire some teachers (admin never seems to take it in the shorts; funny 'bout that); beg from the State (already broke) or the Feds (even broker); face a tax revolt and a turnover of the Board of Commissioners next go 'round.
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I believe there will be a special place in hell for those who find their satisfaction from the envy that encompasses thier pitiful life.
Save room for the ones who dreamed up this f*cking death tax.
Oh hell...I mean Hell is always open! Sure would be nice to expedite the trip!
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Claims blow up, of course no election sandbagging happened, this all Sandy's fault dontchyaknow?!
/
http://www.zerohedge.com/news/2012-11-15/initial-claims-soar-439k-non-seasonally-adjusted-surge-whopping-104548-one-week (http://www.zerohedge.com/news/2012-11-15/initial-claims-soar-439k-non-seasonally-adjusted-surge-whopping-104548-one-week)
Screw 'em, more layoffs coming, hope more bidnez'z have Wyatt Fires!
::mooning:: looters!
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More "Obama Won" layoffs (OK they didn't say that, TI is in Austin for crying out loud!) -
http://www.cnbc.com/id/49835852 (http://www.cnbc.com/id/49835852)
And I am glad people are coming up with stuff like this -
http://www.dailymail.co.uk/news/article-2233221/Dennys-charge-5-Obamacare-surcharge-cut-employee-hours-deal-cost-legislation.html (http://www.dailymail.co.uk/news/article-2233221/Dennys-charge-5-Obamacare-surcharge-cut-employee-hours-deal-cost-legislation.html)
I told my BIL the contractor we need to whip up an Obama Surcharge to cover ObamaCare tax, higher income taxes and increased regulation!
Pass that shyt along, don't like it? Too damn bad!
-
More "Obama Won" layoffs (OK they didn't say that, TI is in Austin for crying out loud!) -
http://www.cnbc.com/id/49835852 (http://www.cnbc.com/id/49835852)
And I am glad people are coming up with stuff like this -
http://www.dailymail.co.uk/news/article-2233221/Dennys-charge-5-Obamacare-surcharge-cut-employee-hours-deal-cost-legislation.html (http://www.dailymail.co.uk/news/article-2233221/Dennys-charge-5-Obamacare-surcharge-cut-employee-hours-deal-cost-legislation.html)
I told my BIL the contractor we need to whip up an Obama Surcharge to cover ObamaCare tax, higher income taxes and increased regulation!
Pass that shyt along, don't like it? Too damn bad!
An obama tax....I like it.
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http://www.theblaze.com/stories/be-glad-you-dont-live-in-these-10-u-s-cities-with-the-highest-unemployment/ (http://www.theblaze.com/stories/be-glad-you-dont-live-in-these-10-u-s-cities-with-the-highest-unemployment/)
CA - 80% of top ten worst cities...
As CA goes...
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More BS numbers released today, really the only thing woth noting is the continued rise in unemployment in the youth sector...bodes well for increased wilding, beatings, rape...etc etc...
http://washingtonexaminer.com/youth-unemployment-11.5-percent-22.1-percent-for-young-blacks/article/2517561 (http://washingtonexaminer.com/youth-unemployment-11.5-percent-22.1-percent-for-young-blacks/article/2517561)
Barackalypse Now really helping dem young blacks, yo!
::hysterical::
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Inexorable.
-
Unavoidable, unrelenting...unforgivable.
-
(http://thegatewaypundit.com/wp-content/uploads/2013/01/AverageUnemploymentLength-e1358095891358.png)
http://www.thegatewaypundit.com/2013/01/its-an-obama-world-long-term-unemployment-at-highest-level-since-wwii/ (http://www.thegatewaypundit.com/2013/01/its-an-obama-world-long-term-unemployment-at-highest-level-since-wwii/)
I'm sure the Great Destroyer, the Lord High Obama can push that higher...that momentary dip at the end there is just an abberation, as I am sure he can assure us...
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Updated Charts of the Debt, by fiscal year (Sept-Sept),Annually, and as a gross number - as usual the data comes from Debt to the Penny (http://www.treasurydirect.gov/NP/NPGateway) at the treasury
Annually
(http://i30.photobucket.com/albums/c341/weisshaupt/annual-govt-debt_zps28b3a30f.jpg)
Fiscal Year
(http://i30.photobucket.com/albums/c341/weisshaupt/FiscalYearGovtDebt_zps33e183b5.jpg)
Gross Debt
(http://i30.photobucket.com/albums/c341/weisshaupt/totaldebt_zpsb74f7794.jpg)
And for Grins, the original Obama budget predictions:
(http://www.foundry.org/wp-content/uploads/2009/03/wapoobamabudget1.jpg)
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Winning!
/
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I don't know what I find more entertaining, the MI confidendce report being received as warmly as a loud fart, the VIX dropping or traders-gone-wild! I might have to take all three together, the trifecta is hoot!
MI Cons Confidence Plunges (http://www.zerohedge.com/news/2013-01-18/consumer-confidence-plunges-december-2011-levels-biggest-miss-expectations-7-years)
VIX vs SPX (http://www.zerohedge.com/news/2013-01-18/vix-dumps-1300-stocks-catch-down-risk)
Trade/Mosh Pit (http://www.zerohedge.com/news/2013-01-18/how-jpmorgans-5-million-loss-rose-80-fold-minutes-after-confrontation-between-trader)
::hysterical::
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I sense a "Priceless" item in the works over this news...
Mickelson, taxes, golf, Obama...come on, man!
http://www.thegatewaypundit.com/2013/01/golfer-phil-mickelson-may-retire-or-move-after-democrats-pilfer-62-of-his-income/ (http://www.thegatewaypundit.com/2013/01/golfer-phil-mickelson-may-retire-or-move-after-democrats-pilfer-62-of-his-income/)
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Nowhere to run. No place to hide.
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Today Obama is walking around the MLK parade, and people can't stop cheering loudly enough. I do hope I'm not racist, but the black pride sham is nutty.
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Today Obama is walking around the MLK parade, and people can't stop cheering loudly enough. I do hope I'm not racist, but the black pride sham is nutty.
Let me know when they create a Congressional Caucasian Caucus.
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Don't get me started on that. . . Equality to some is really just supression the top percentiles to make them equal to the lower ones.
Freedom Associated Guy: I love freedom. And Equality. Affirmative action and Equal Rights are my legacy.
Fusco: But. . . Affirmative action isn't about equality. Its about giving somebody special treatment based upon a feature they posess. Its nothing more than a ruse to grant a favor to somebody who probaby didn't deserve it otherwise.
FAG: Do you hate minorities? Blacks, Latinos, Gays, or Lesbians [ohhh, that grinds me. 'Lesbians' are homosexuals. Why you class them seperately]?
Fusco: Nope, not at all that. Personal views aside, I wouldn't grant a position to an undeserving individual. How is any special treatment equal? How is rewarding laziness or incompetence equal? Why do I hate black people?
FAG: Maybe you don't hate black people, but think of all minorities suffered! You going to tell me we as a society don't need to make it up to them all?
Fusco: Two things. One, I did not do anything to anyone. Not of that caliber. Two, No. Whatever happened in past generation is not a sufficient excuse to excuse present behavior. I don't care if you don't agree, but fon't hide behind the ruse of equality. Nothing is equal about it, and you know it.
FAG: You're a racist! You're a homophobe! You're a [insert term here]!
Fusco: And you're a hypocrite. An easily fooled hypocrite.
Grrr. And even when I take the time to break it down nice and simple, they refute me at every turn and we end up goin in circles half the bloody time. You should see transcipts from other forums! Pages of the nonsense! And then, one example I give offends somebody, and suddenly a whole arguement becomes void. Debate only works when both sides are logical, bub.
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Everytime I hear clips of O'Bongo on the radio I cannot help but see Rick's avatar floating before my eyes...
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Kind of a freaky graphic, given the wanton destruction of the economy in general and through the dollar specifically, the chart for most items would look similar.
http://www.zerohedge.com/news/2013-02-13/home-prices-are-back-1894s-levels (http://www.zerohedge.com/news/2013-02-13/home-prices-are-back-1894s-levels)
But Mr/Ms Dumbsh*t Amerikan will blame all but the truly guilty, so just hit the snooze alarm and sleep the blissful sleep of the ignorant...
::)
::outrage::
-
Kind of a freaky graphic, given the wanton destruction of the economy in general and through the dollar specifically, the chart for most items would look similar.
http://www.zerohedge.com/news/2013-02-13/home-prices-are-back-1894s-levels (http://www.zerohedge.com/news/2013-02-13/home-prices-are-back-1894s-levels)
But Mr/Ms Dumbsh*t Amerikan will blame all but the truly guilty, so just hit the snooze alarm and sleep the blissful sleep of the ignorant...
::)
::outrage::
These dumbshts have hit the snooze so often it now sez "ooze" instead.
-
Yeah their snooze is about to turn into a dirt nap, that's what.
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I'm OK with that. There may be some sqwealing and such but tough shyt, ya get what ya get.
-
Kind of a freaky graphic, given the wanton destruction of the economy in general and through the dollar specifically, the chart for most items would look similar.
http://www.zerohedge.com/news/2013-02-13/home-prices-are-back-1894s-levels (http://www.zerohedge.com/news/2013-02-13/home-prices-are-back-1894s-levels)
But Mr/Ms Dumbsh*t Amerikan will blame all but the truly guilty, so just hit the snooze alarm and sleep the blissful sleep of the ignorant...
::)
::outrage::
These dumbshts have hit the snooze so often it now sez "ooze" instead.
Problem is they seem to wake up and vote DemonRat every cycle instead of doing what they're really qualified for...being dead. ::rockets::
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Strike #13 & #14, why that bullsh*t is listed I have no idea.
http://www.zerohedge.com/news/2013-02-25/guest-post-20-signs-us-economy-heading-big-trouble-months-ahead (http://www.zerohedge.com/news/2013-02-25/guest-post-20-signs-us-economy-heading-big-trouble-months-ahead)
As people get herded to a cliff, it is best not be first in line.
http://www.zerohedge.com/news/2013-02-25/chart-everyone-concerned-about (http://www.zerohedge.com/news/2013-02-25/chart-everyone-concerned-about)
No pushing now!
;D
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It must be FAIL Friday -
Americans see biggest monthly income drop in 20 years (http://money.cnn.com/2013/03/01/news/economy/income-spending-saving/)
Disposable income takes the biggest plunge since monthly records began in 1959. (http://www.bloomberg.com/news/2013-03-01/consumer-spending-in-u-s-climbs-even-as-taxes-hurt-incomes.html)
But don't worry, Obamanomics is a lot like Bloomienomics, all is well, so we are told -
Mr. Bloomberg argued the United States could owe “an infinite amount of money” and there is no specific amount that would cause the country to default (http://politicker.com/2013/03/mayor-bloomberg-dont-panic-about-the-sequester/)
Sounds like the next Fed Chair to me.
::unknowncomic::
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Obama's Brother is running for office in Africa
http://www.independent.co.uk/news/world/africa/yes-we-kenya-barack-obamas-halfbrother-malik-runs-for-local-governors-office-8517342.html (http://www.independent.co.uk/news/world/africa/yes-we-kenya-barack-obamas-halfbrother-malik-runs-for-local-governors-office-8517342.html)
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More continents left to destroy one Obama at a time.
::unknowncomic::
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Behind the curtain...
http://www.zerohedge.com/news/2013-03-08/february-multiple-jobholders-rose-record-full-timers-dropped-part-timers-increased (http://www.zerohedge.com/news/2013-03-08/february-multiple-jobholders-rose-record-full-timers-dropped-part-timers-increased)
http://www.zerohedge.com/news/2013-03-08/where-jobs-were-february (http://www.zerohedge.com/news/2013-03-08/where-jobs-were-february)
Expect that transition from FT to PT to really take off going into the ObamaCare nightmare!
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These should be posted everywhere. . .
(http://www.thegatewaypundit.com/wp-content/uploads/2013/03/obamacare-jobs.jpg)
. . .if people gave a damn. . .
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Don't worry, responsible adult! We're on our way to guaranteed minimum income!
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Don't worry, responsible adult! We're on our way to guaranteed minimum income!
Yes! I will never work hard again! After all, why work when the same outcome is guaranteed?
What? You think someone has to work? Ha. The Debt Unicorns will provide for everything we need.
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At least there will be plenty of unicorn flatulence to power our 500 cc engined cars
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I'll kill the unicorn and eat it. If asked I'll say "What unicorn?"! ::evil::
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Even the well-baked state numbers look like a pile of Obama...
http://www.thegatewaypundit.com/2013/04/horrible-only-88000-jobs-added-in-march-unemployment-at-7-6/ (http://www.thegatewaypundit.com/2013/04/horrible-only-88000-jobs-added-in-march-unemployment-at-7-6/)
http://www.thegatewaypundit.com/2013/04/disaster-effective-youth-unemployment-at-16-2-in-march/ (http://www.thegatewaypundit.com/2013/04/disaster-effective-youth-unemployment-at-16-2-in-march/)
Market in the tanks...
"Paging Helicopter Ben, Helicopter Ben, please call the White House, Helicopter Ben?"
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Employment percent now at 34 year lows.
::upsidedownflag::
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My oldest makes less than I did when I was her age and just out of grad school. She is probably going to be out of work by June. The job fairy hasn't visited my husband yet.
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My oldest makes less than I did when I was her age and just out of grad school. She is probably going to be out of work by June. The job fairy hasn't visited my husband yet.
Sorry to hear that, LV.
Sign up for everything you can get.
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Indeed, you'll never see social security, the only way to get your money back that was stolen is by any means necessary.
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We had Obamaville's, but all those stories were crushed by state-run media...now we have Obamatown's -
(http://4-ps.googleusercontent.com/h/www.thegatewaypundit.com/wp-content/uploads/2013/04/300x224xarticle-2306113-192F901A000005DC-28_634x474-300x224.jpg.pagespeed.ic.rjQgEb-iYU.jpg)
http://www.thegatewaypundit.com/2013/04/obamatown-underground-homeless-cities-found-under-kansas-city/ (http://www.thegatewaypundit.com/2013/04/obamatown-underground-homeless-cities-found-under-kansas-city/)
It's nice to see their diet is healthy...
(http://i.dailymail.co.uk/i/pix/2013/04/09/article-2306113-192F904F000005DC-412_634x474.jpg)
...hope the ObamaCare fee-collectors accept, uhh, trash in lieu of money. ::hysterical::
http://www.dailymail.co.uk/news/article-2306113/Kansas-City-homeless-city-Group-living-underground-crude-camps.html (http://www.dailymail.co.uk/news/article-2306113/Kansas-City-homeless-city-Group-living-underground-crude-camps.html)
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It's Obama's depression and it's all contrived just like our national debt; it's driven by print junkies. We're really only in a little bit of trouble, it's the regulators here and internationally. But we don need no international. If we were to take the bit (Call it a Reed Roller Bit) and eliminate all regulation our economy would be as strong as a new Titan missile.
[blockquote]
Bottom line (http://ace.mu.nu/archives/339569.php) - Texas has wiped out a two-decade decline in crude oil output, and that within just the last 3 years. It is the largest oil producing state in the US, pumping out 32% of all domestic crude. If it were a nation, it would rank 13th in the world.[/blockquote]
What resource natural or intellectual does the USA need to import?
Rare earth minerals?
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"What resource natural or intellectual does the USA need to import?
Rare earth minerals?"
Hard working Christian people with brains. We could make billions and pay off debt if liberal minds were worth a damn so I don't think we could convince other nations to take them let alone buy the ignorant bastards. ::hysterical::
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This nation was built with the hands of skilled labourers, and when they are regulated to carrying the parasites on their backs we all suffer.
-
"What resource natural or intellectual does the USA need to import?
Rare earth minerals?"
Hard working Christian people with brains. We could make billions and pay off debt if liberal minds were worth a damn so I don't think we could convince other nations to take them let alone buy the ignorant bastards. ::hysterical::
Agreed. As to CO's point though, yes, rare earth minerals and hard to find metals like titanium are not in places necessarily always friendly to us and are costly - Russia, South Africa, places like that.
It would be nice if we were more self sufficient in all things. But libiots and their baggage always eff up the works! ::gaah::
Libiots begone! ::asskicking::
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ObamaCare tax penalties, this will help the winning...
http://www.atr.org/obamacares-tax-hike-train-wreck-a7587 (http://www.atr.org/obamacares-tax-hike-train-wreck-a7587)
::popcorn::
-
As of 4/30/2013 Government Debt accumulated since Jan 1st is $396,115,446,614.80 - so yes, we are well on our way to adding another 1.2 Trillion in this calendar year. For the first 7 months of the Fiscal Year, which begins Oct 1, the debt is $762,604,089,798.10. The Official debt is at 16,828,845,497,183.90 - so in a month or so we will pass 17 trillion.
Amount of Debt since the the Day Obama took Office? $6,201,968,448,270.82
Total Debt of the entire 8 Year Bush Term inauguration to inauguration ? $4,901,104,747,205.59
For fiscal years (Oct-Oct) we have:
Bush: $ 6,146,460,016,578.81 or $4,528,055,109,811.94 if you properly assign the 2009 FY spending to the to the president who signed the budget for that year.
Obama : $4,908,326,332,864.48 or $6,704,620,430,056.21 if properly assigned.
Obama has averaged $4,648,322,804.75 of new debt every day of Fiscal year 2013. Bush Averaged $3,041,974,017.48 a day for his entire 8 years if you give him responsibility for FY 2009 + TARP , and $2,680,125,392.79 a day if you don't. Point is, even with TARP added, and with Obama's stimulus subtracted - assuming FY 2013 to be the "new normal" , the pace is accelerated. At this rate, Obama will surpass Bush's worst total in 266 days - easily by this time next year. And we still have another 3 years after that of this jackass. At the current rate of spending, we will have very close to a 1.7 Trillion dollar deficit this year, and each and every year after. - and that is before Obama-care really kicks in.
Does anyone really think we can add another 6.7 Trillion in debt over the next few years and the world markets will just accept it? Our Tax revenues, at best will show some 1-2% growth, and that is if you optimistically think Tax revenue will track GDP under massive new tax hikes that will destroy many businesses and put further pressure on welfare and unemployment.
Point. Of. No . Return.
-
Agreed, if we continue. If we decide to survive, and we may, we can do what any family does to balance it's check book, including the kids taking an after school job and work our way out of this mess.
Yes we can. But can we rid ourselves of the predatory and parasitic insects on our branches of government that persist in causing our decline?
-
Fed's said yesterday the printing and monetization will continue unabated, stock market got a chub, it's all good times baby! Get on the psycho express and party like there is no tomorrow!
-
Glock is correct, they're addicts, only a few nations aren't hooked and they are being called pariah.
-
And as we've seen with even modest efforts to ween the looters and enablers off the public teat...shreiks of "draconain cuts", "job-killing measures" and "severe austerity" turn already weakling politicians into spineless weasels and its back to debt, spending and printing...everybody is doing it...and it just makes me laugh when I see one batch of EuroTards cracking down on another for not doing enough to reign in their irresponsibility when they themselves are doing the same dmaned thing!...The only difference being the former hasn't reached critical mass yet...wait till their debt to GDP crosses the Rubicon!
This can and will only end one way.
Plan, prepare...then pull up a chair and crack a cold one.
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size=9pt]http://www.washingtontimes.com/news/2013/jun/14/white-house-defends-high-bills-africa-trip/[/size] ...up to $100 million, ... “great bang for our buck.”
http://www.washingtonpost.com/politics/obamas-trip-to-africa-poses-special-challenges-enormous-costs/2013/06/13/29d9270a-cd29-11e2-8845-d970ccb04497_story.html (http://www.washingtonpost.com/politics/obamas-trip-to-africa-poses-special-challenges-enormous-costs/2013/06/13/29d9270a-cd29-11e2-8845-d970ccb04497_story.html)...Update: The White House has cancelled the safari for this trip.
-
size=9pt]http://www.washingtontimes.com/news/2013/jun/14/white-house-defends-high-bills-africa-trip/[/size] ...up to $100 million, ... “great bang for our buck.”
http://www.washingtonpost.com/politics/obamas-trip-to-africa-poses-special-challenges-enormous-costs/2013/06/13/29d9270a-cd29-11e2-8845-d970ccb04497_story.html (http://www.washingtonpost.com/politics/obamas-trip-to-africa-poses-special-challenges-enormous-costs/2013/06/13/29d9270a-cd29-11e2-8845-d970ccb04497_story.html)...Update: The White House has cancelled the safari for this trip.
Rats!, I was praying he'd drive over a anti-tank mine.
Is there any remote possibility that a hippo would mistake Michelle for a mate and get them both? How about an angry water buffalo?
-
You just know it won't be elephants ::laughonfloor::
-
I'd root for a ravenous lion attack. Bummer, disappointed again. You'd think I'd be used to it by now?!
-
This is sad.
http://www.zerohedge.com/news/2013-08-07/employers-show-strong-distaste-3-million-long-term-unemployed (http://www.zerohedge.com/news/2013-08-07/employers-show-strong-distaste-3-million-long-term-unemployed)
And the prime contributor to all of this crap is Obamanomics and the appeasers in the GOP who chose not to fight on any hill! ::cussing:: ::angry:: ::outrage:: ::gaah::
Is LV about? Has your husband found any work? I think about the good people impacted by these progressives and I want to throttle them. The ones that deserve misery never seem to get it.
::gaah::
-
This is sad.
http://www.zerohedge.com/news/2013-08-07/employers-show-strong-distaste-3-million-long-term-unemployed (http://www.zerohedge.com/news/2013-08-07/employers-show-strong-distaste-3-million-long-term-unemployed)
And the prime contributor to all of this crap is Obamanomics and the appeasers in the GOP who chose not to fight on any hill! ::cussing:: ::angry:: ::outrage:: ::gaah::
Is LV about? Has your husband found any work? I think about the good people impacted by these progressives and I want to throttle them. The ones that deserve misery never seem to get it.
::gaah::
Nope on the job. He's interviewed plenty. But it's clear that employers aren't in any hurry -- many of them seem to be in a holding pattern. Several have said let us know before you accept any other offer because we may be interested in countering. Some of these positions have been open for awhile. (Trust me it's not him or his interviewing skills. 5-10 years ago and every place he's interviewed would have made an offer.)
Then there are the places that are so picky they're not hiring anyone because no one has ALL the qualifications they claim they want. He's also run across employers requesting qualifications that have nothing to do with the job. (He's been in the industry for 25 years and knows it well.) He came home frustrated one day because of a job interview at a big company that he was interested in and would be great at the particular job. His potential boss was looking for a skill set that would not be what is needed for that particular job. (She is a lib that's been in the biz pages & running a big company and she doesn't even know what the heck she's doing but she gets the positive press.)
-
Most employers I talk to would be ecstatic with someone who would actually work.
-
Corporate America adjusted to the hand dealt them. They have figured out how to turn a profit during these overregulated, overbearing times. If the landscape ever changes and it makes sense to hire, corp America will.
As far as libs go, my dad calls it emotion driven logic. He believes ( so do I) those driven by their emotions will never understand Corp America and are easily led. It's greed if they are hiring and turning a profit or greed if they are not hiring,,,,, but turning the same profit. They will never understand a free market is neither racist, bigoted or homophobic.
There is a breed of stupid people today.
-
racist, bigoted or homophobic are synonyms for "A person who won't give me what I want, when I want it at no cost"
-
There is a breed of stupid people today.
they're like tribbles
they're everywhere and they're no longer cute
-
I don't expect ObamaCare fears are doing much to alleviate the holding pattern...and we've already seen many industries shift in a big way away from FT to PT staffing, and OCrap will only accelerate that trend and have it spill into all industries. And the biggest loser will be the taxpaying middle class. Middle class! What a joke! That term is such a useless cliche now! It is merely a nebulous non-entity politicos pander to with one hand while the left hand of the damned is raping every taxpayer for whatever they can get! There is a breaking point coming. Look at Greece, their unemplyment and debt:GDP numbers are horrific, the latter is getting ugly for us, and the former is being gamed by the government...eventually they will no longer be able to hide the jobless masses...revolution, chaos, collapse...these are the sure long term bets.
-
Check this out - http://www.myfoxny.com/story/23093753/man-lives-in-brooklyn-dumpster (http://www.myfoxny.com/story/23093753/man-lives-in-brooklyn-dumpster)
Obama Homes!
-
Check this out - http://www.myfoxny.com/story/23093753/man-lives-in-brooklyn-dumpster (http://www.myfoxny.com/story/23093753/man-lives-in-brooklyn-dumpster)
Obama Homes!
Don't laugh....dude probably gets a subsidy.
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Check this out - http://www.myfoxny.com/story/23093753/man-lives-in-brooklyn-dumpster (http://www.myfoxny.com/story/23093753/man-lives-in-brooklyn-dumpster)
Obama Homes!
Don't laugh....dude probably gets a subsidy.
Probably right. Dependency is the only real growth industry in Obamanomics.
http://www.zerohedge.com/news/2013-08-13/21-facts-about-americas-surging-government-dependence (http://www.zerohedge.com/news/2013-08-13/21-facts-about-americas-surging-government-dependence)
Of course, only more dependency can save us, that's the progressive way...FORWARD!
::falldownshocked::
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I click on this thread every time it indicates a new post ,hoping THIS will be the time he's really depressed and has been committed.
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LOL.
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Sorry LV, we all share (too!) many disappointments.
In other news...more evidence that the statist goal of making everyones life a living Hell continues...
Middle Class Takedown (http://www.zerohedge.com/news/2013-08-17/destruction-americas-middle-class-under-seven-minutes)
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Forward!
United Parcel Service Inc. plans to remove thousands of spouses from its medical plan because they are eligible for coverage elsewhere. The Atlanta-based logistics company points to the Affordable Care Act, or Obamacare, as a big reason for the decision, reports Kaiser Health News.
According to Kaiser, UPS told white-collar workers two months ago that 15,000 working spouses eligible for coverage by their own employers would be excluded from the UPS plan in 2014.
http://www.thegatewaypundit.com/2013/08/ups-to-drop-15000-spouses-from-insurance-plan-due-to-obamacare/ (http://www.thegatewaypundit.com/2013/08/ups-to-drop-15000-spouses-from-insurance-plan-due-to-obamacare/)
Winning!
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Forward!
United Parcel Service Inc. plans to remove thousands of spouses from its medical plan because they are eligible for coverage elsewhere. The Atlanta-based logistics company points to the Affordable Care Act, or Obamacare, as a big reason for the decision, reports Kaiser Health News.
According to Kaiser, UPS told white-collar workers two months ago that 15,000 working spouses eligible for coverage by their own employers would be excluded from the UPS plan in 2014.
http://www.thegatewaypundit.com/2013/08/ups-to-drop-15000-spouses-from-insurance-plan-due-to-obamacare/ (http://www.thegatewaypundit.com/2013/08/ups-to-drop-15000-spouses-from-insurance-plan-due-to-obamacare/)
Winning!
Only under their interpretation.
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And hey, as long as we are talking about incredibly horrible (although very predictable) economic news...
Gallup has the unemployment rate (http://www.gallup.com/poll/125639/Gallup-Daily-Workforce.aspx) at almost 9%, an 18 month high that has happened during the last 3 weeks. Oh, and the sample size is 30K.
Yippee.
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If this all goes where it looks like it's going, I'll never forgive anyone I know as a Democrat voter. Irredeemable wastes of skin and perfectly good air.
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I was watching "Doomsday Preppers" and it seems that more and more of the people they feature (who they always portray as kooks) are preparing for economic collapse rather than the more bizarre (and unlikely) phenomenons such as comets and super volcanos.
At the end of each segment they pronounce their judgement on "The Odds" of whatever catastrophe mentioned would have coming to pass. It's funny because they never actually provide "odds" which would be a mathematical ratio. Instead, they always say that there is a next to nothing chance of whatever it is occurring. (This is irritating for me, as a poker player, because chances and odds are subtly different.)
When the scenario discussed by the prepper is economic collapse the narrator always says that "leading economists" believe that despite our recent economic trouble and the problems in Europe, there is very little chance of it happening. And, of course, anyone who has been paying attention knows that the "leading economists" never saw the current situation coming, either...hence the extremely overused word, "unexpected" in the economic news stories of the last four years. That makes their confident arrogant dismissal of "economic collapse" as a very real possibility (we would say "eventuality") either stupid or ignorant.
As for any notion regarding the forgiveness of Democrats...I don't think that you will have much opportunity one way or the other. As evidenced by the voting stats, most Democrats are concentrated in the dense urban areas, the places least likely to do very well at all in a collapse. They will quite literally kill each other off in a panic/riot situation and therefore be completely beyond any opportunity for you or I to forgive or not forgive.
As an aside, you should probably have some kind of an escape plan in place to get out of your area and into a safer one.
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And hey, as long as we are talking about incredibly horrible (although very predictable) economic news...
Gallup has the unemployment rate (http://www.gallup.com/poll/125639/Gallup-Daily-Workforce.aspx) at almost 9%, an 18 month high that has happened during the last 3 weeks. Oh, and the sample size is 30K.
Yippee.
Just in time to get the head Nigga past an election cycle. ::gaah::
"Help me Obi-wan, you're my only hope" Definitely falied to get the message out about the deathstar....Obamadontcare.
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As for any notion regarding the forgiveness of Democrats...I don't think that you will have much opportunity one way or the other. As evidenced by the voting stats, most Democrats are concentrated in the dense urban areas, the places least likely to do very well at all in a collapse. They will quite literally kill each other off in a panic/riot situation and therefore be completely beyond any opportunity for you or I to forgive or not forgive.
As an aside, you should probably have some kind of an escape plan in place to get out of your area and into a safer one.
If something isn't done to prevent it (like a military checkpoint) , you will certainly get refugees and marauding gangs outside the city kill zones - especially after the riots have left their homes burning cinders. If the collapse is sudden, there will be more panic and destruction than if we get a long slow and gradual slide into the 3rd world as the dollar is just used less and less overseas. We only get a panic if there is a large amount of rapid dumping - and that really is unlikely to benefit anyone. If it does happen, it will be the result of a deliberate attack from China.
But Yeah, the Cities are all going to look like Detroit. The gangs will start blocking off Highways and exit ramps and looting those who come down them, and that will keep them moving further into the burbs. No folks won't be safe going to work and economic activity will slow further. Police won't get paid, or will simply go home to protect their own. If the govt attempts actual widespread martial law in response, I think you will start to see secessions and potentially a civil war, and in which cities fare even less well- as critical infrastructure is sabotaged. The Kill Circles grow. You definitely need to have a plan to get out of a city when this starts. I think you will have time , and there won't be a mass exodus, but you will need to get out. It will simply be too dangerous.
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Agreed, the massive immediate collapse is the most unlikely, but hey, plan for the worst...but at the first hint I plan on bugging out...take what I really need and hang the rest.
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(http://i1.wp.com/www.economicnoise.com/wp-content/uploads/2013/07/obamadetroit-600x337.jpg)
http://www.zerohedge.com/news/2013-08-26/guest-post-detroitification-it%E2%80%99s-government-stupid (http://www.zerohedge.com/news/2013-08-26/guest-post-detroitification-it%E2%80%99s-government-stupid)
It takes a special kind of village idiot to make all villages look like this...but Prez Comacho is a Yes-We-Can kind a special village idiot!
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More evidence of the Obamanomic-Effect!
The real growth industry in America? Theft!!!
http://www.zerohedge.com/news/2013-11-04/why-epidemic-thievery-sweeping-america (http://www.zerohedge.com/news/2013-11-04/why-epidemic-thievery-sweeping-america)
And they are coming by this naturally...I doubt many are intelligent enough to really understand how the PTBs are robbing them blind through Neo-Keynesian fiat manipulation and hidden inflation (which is plain enough to see if you open your damned eyes!)...
And market manipulation, can't forget that! These clowns are in deep with the Ruling Class and feed off each other...at the expense of the working/country class...
http://www.zerohedge.com/news/2013-11-04/exposing-wall-streets-hidden-code (http://www.zerohedge.com/news/2013-11-04/exposing-wall-streets-hidden-code)
Go Galt...from everything...disengage, disengage, disengage!
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The beatings will continue until nobody has a job outside of government...or nobody has a job period!
http://www.zerohedge.com/news/2013-11-08/623000-full-time-jobs-lost-last-month (http://www.zerohedge.com/news/2013-11-08/623000-full-time-jobs-lost-last-month)
http://www.zerohedge.com/news/2013-11-08/whopping-932000-americans-drop-out-labor-force-october-labor-participation-rate-drop (http://www.zerohedge.com/news/2013-11-08/whopping-932000-americans-drop-out-labor-force-october-labor-participation-rate-drop)
Obamanomics...it's to die from!
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The CNBC lib attempted his best to slap lipstick on this pig called job growth this morning. Blamed everything on the govt shutdown. It is beyond my comprehension why anyone would fall on the knife for Obama and defend his record. This country is filled with the weak and stupid.
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The CNBC lib attempted his best to slap lipstick on this pig called job growth this morning. Blamed everything on the govt shutdown. It is beyond my comprehension why anyone would fall on the knife for Obama and defend his record. This country is filled with the weak and stupid.
And the corrupt. Don't forget the corrupt.
You have to wonder how many phones calls from White House sources this 'reporter' received 'encouraging' a certain slant to jobs coverage. There is no way a business reporter can be this stupid without corruption of some sort.
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The CNBC lib attempted his best to slap lipstick on this pig called job growth this morning. Blamed everything on the govt shutdown. It is beyond my comprehension why anyone would fall on the knife for Obama and defend his record. This country is filled with the weak and stupid.
They are defending their own egos. They invested 100% of their self worth in being one of the leftist herd. For any of them to be wrong is for them to be wrong.
And they are sure they are elite, anointed by God to rule. And they loose all of that if they admit they (or any one of them) was wrong.
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The CNBC lib attempted his best to slap lipstick on this pig called job growth this morning. Blamed everything on the govt shutdown. It is beyond my comprehension why anyone would fall on the knife for Obama and defend his record. This country is filled with the weak and stupid.
They are defending their own egos. They invested 100% of their self worth in being one of the leftist herd. For any of them to be wrong is for them to be wrong.
And they are sure they are elite, anointed by God to rule. And they loose all of that if they admit they (or any one of them) was wrong.
Plus, they survive financially from sucking off others...they kill the kabuki, they starve themselves...there is an element of naked greed in play as well.
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They promote the evil that infests the White House, I pray I can send them all back to hell from whence they came. Amen.
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A quick trip would be nice!
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The CNBC lib attempted his best to slap lipstick on this pig called job growth this morning. Blamed everything on the govt shutdown. It is beyond my comprehension why anyone would fall on the knife for Obama and defend his record. This country is filled with the weak and stupid.
They are defending their own egos. They invested 100% of their self worth in being one of the leftist herd. For any of them to be wrong is for them to be wrong.
And they are sure they are elite, anointed by God to rule. And they loose all of that if they admit they (or any one of them) was wrong.
And they will defend or feed their egos...even to the destruction of America.
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http://www.zerohedge.com/news/2013-11-11/10-uncomfortable-truths-about-growing-unemployment-crisis-america (http://www.zerohedge.com/news/2013-11-11/10-uncomfortable-truths-about-growing-unemployment-crisis-america)
Once the squeeze reaches critical mass...something will pop...hopefully it is statist heads...
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Sheeple will not demand jobs as long as govt is there to hand out the money for doing virtually nothing. They, the immoral dreck, wanted it this way and now they have to die in it.
I can only be compassionate to a point and that ship sailed five years ago when the elected an agitator from Kenya because he sounded and dressed cool. Funny thing regarding dress, the hoodlums dressed nice enough to but what did they give back in return? More chaos. Fukc them!
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Oh yeah...remember he was "clean" and "articulate"...as if that means everything to vetting a POTUS stops dead in its tracks...which the Democrat-Media Complex made sure that is exactly what happened!
My give a FF meter is empty too...
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Oh yeah...remember he was "clean" and "articulate"...as if that means everything to vetting a POTUS stops dead in its tracks...which the Democrat-Media Complex made sure that is exactly what happened!
My give a FF meter is empty too...
Wait a minute. Doesn't that mean"express yourself clearly"? Everything this jackass says mumbo-jumbo bulsh*t. How is any of his past positions expressed clearly especially if they're lies.
Has the definition changed while I was sleeping? Can't take this sh*t any longer. ::rockets::
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Oh yeah...remember he was "clean" and "articulate"...as if that means everything to vetting a POTUS stops dead in its tracks...which the Democrat-Media Complex made sure that is exactly what happened!
My give a FF meter is empty too...
Wait a minute. Doesn't that mean"express yourself clearly"? Everything this jackass says mumbo-jumbo bulsh*t. How is any of his past positions expressed clearly especially if they're lies.
Has the definition changed while I was sleeping? Can't take this sh*t any longer. ::rockets::
Great timing Warp, here is the SCoaMF and the interpretation by George Orwell -
(http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/11/20131112_obama_0.jpg)
http://www.zerohedge.com/news/2013-11-12/obama-translated (http://www.zerohedge.com/news/2013-11-12/obama-translated)
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The non-job non-recovery keeps the squeeze on...and ObamaCare premium shocks will certainly help...more lagging additions to the FSA are coming...
http://www.zerohedge.com/news/2013-11-12/its-not-just-harder-get-job-its-harder-get-good-job (http://www.zerohedge.com/news/2013-11-12/its-not-just-harder-get-job-its-harder-get-good-job)
Soon most people will be arriving at that Galt stage, or that stage the Russian people hit once they realized it was easier to stay home in your state-subsidized housing than to bother working or being productive in any way...total system collapse is growing near...and the only question to answer is "Should we fight it?"!
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We should be doing everything that's in our power to promote the collapse. If we ever want a system rest, a collapse is the only way toward that goal. If we continue the path of slow collapse, the elites will continue to bleed everything in sight dry until they own everything(a central bank goal) and everyone else is just a slave/serf.
The controlled demise will allow the elites to outlaw guns and in general self defense until we haven't any rights whatsoever. Crash it now and we still have a shot at serving justice to the thieves in the elitist cast(most of them). Crash it now and we can rebuild rather quickly as many war torn countries did after the two world wars. Granted, we won't have a big brother(USA) to help us out but we still have huge wealth in natural resources, a semblance of what's needed to do and a small swath of the population willing to fight towards that goal.
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Yeah. Might be the better of the crappy choices, but neither precludes the chances of foreign intrigue by one or more entities...hard enough surviving and defeating your internal foes...the added complication of foreign interlopers is what kinda freaks me out...
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Yeah. Might be the better of the crappy choices, but neither precludes the chances of foreign intrigue by one or more entities...hard enough surviving and defeating your internal foes...the added complication of foreign interlopers is what kinda freaks me out...
I don't know about that except that Russia survived and 15 years later is respected amongst nations of the world. We still have a military and most will take it upon themselves to keep us safe as their sacred oath and honor. Always be very respectful of a wounded animal which can cause irreparable harm. We still have much in the nuclear deterrent and I'm thankful we have them.
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Yeah. Might be the better of the crappy choices, but neither precludes the chances of foreign intrigue by one or more entities...hard enough surviving and defeating your internal foes...the added complication of foreign interlopers is what kinda freaks me out...
I don't know about that except that Russia survived and 15 years later is respected amongst nations of the world. We still have a military and most will take it upon themselves to keep us safe as their sacred oath and honor. Always be very respectful of a wounded animal which can cause irreparable harm. We still have much in the nuclear deterrent and I'm thankful we have them.
Who has them? Er, who would have them?
::speechless::
And nobody invaded Russia when they collapsed...well not entirely true, vultures descended, but no nation invaded, not sure we'd be as lucky...
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Yeah. Might be the better of the crappy choices, but neither precludes the chances of foreign intrigue by one or more entities...hard enough surviving and defeating your internal foes...the added complication of foreign interlopers is what kinda freaks me out...
I don't know about that except that Russia survived and 15 years later is respected amongst nations of the world. We still have a military and most will take it upon themselves to keep us safe as their sacred oath and honor. Always be very respectful of a wounded animal which can cause irreparable harm. We still have much in the nuclear deterrent and I'm thankful we have them.
Who has them? Er, who would have them?
::speechless::
And nobody invaded Russia when they collapsed...well not entirely true, vultures descended, but no nation invaded, not sure we'd be as lucky...
Why? We have the same amount of deadbeats, we have the same amount of haters of the country that they did and we have a history of repelling invaders just like they did. Besides, we have loads of guns in the right hands. Just need a leader that cares for the country and Liberty she once embraced to set he upon the path towards the goal. All the dead liberals will just be an inconvenience.
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Yeah. Might be the better of the crappy choices, but neither precludes the chances of foreign intrigue by one or more entities...hard enough surviving and defeating your internal foes...the added complication of foreign interlopers is what kinda freaks me out...
I don't know about that except that Russia survived and 15 years later is respected amongst nations of the world. We still have a military and most will take it upon themselves to keep us safe as their sacred oath and honor. Always be very respectful of a wounded animal which can cause irreparable harm. We still have much in the nuclear deterrent and I'm thankful we have them.
Who has them? Er, who would have them?
::speechless::
And nobody invaded Russia when they collapsed...well not entirely true, vultures descended, but no nation invaded, not sure we'd be as lucky...
Why? We have the same amount of deadbeats, we have the same amount of haters of the country that they did and we have a history of repelling invaders just like they did. Besides, we have loads of guns in the right hands. Just need a leader that cares for the country and Liberty she once embraced to set he upon the path towards the goal. All the dead liberals will just be an inconvenience.
Yeah, but (especially due to libiots and their enablers) the world has been taught that we are Public Enemy #1...so the glee in looting America is going to be hard for some to avoid acting on...
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Some little while ago, in the middle of yet another debate about 2A, someone on the local forum remarked that, hopefully, we'll manage to hang onto our guns just long enough for "help from the outside" to reach us.
Talk about a bwahahahah. I told him he needed to re-think that in light of the fact that, for decades, the Left has been shrieking to the world how awful we are as a country; what the hell makes "you" think any of them would help.
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Yup, no help in that quarter, hurt maybe...no help.
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And what country would provide "...help from the outside"?
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Hell if I know; I didn't ask.
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Hell if I know; I didn't ask.
The correct response is "NOT ONE COUNTRY would help us."
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Hell if I know; I didn't ask.
The correct response is "NOT ONE COUNTRY would help us."
Some might say it but be otherwise motivated!
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Hell if I know; I didn't ask.
The correct response is "NOT ONE COUNTRY would help us."
Some might say it but be otherwise motivated!
Similar to, "I'm from the government and I'm here to help you," except it'd be "We're from Blitzosh*tostain, and we're here to help you."
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Hell if I know; I didn't ask.
The correct response is "NOT ONE COUNTRY would help us."
We know that. I wasn't interested enough to ask him what he thought, although I prolly should have, just for hah-hahs.
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Get ready for the next era in retail—one that will be characterized by far fewer shops and smaller stores.
On Tuesday, Sears said that it will shutter its flagship store in downtown Chicago in April. It's the latest of about 300 store closures in the U.S. that Sears has made since 2010. The news follows announcements earlier this month of multiple store closings from major department stores J.C. Penney and Macy's.
Further signs of cuts in the industry came Wednesday, when Target said that it will eliminate 475 jobs worldwide, including some at its Minnesota headquarters, and not fill 700 empty positions.
Experts said these headlines are only the tip of the iceberg for the industry, which is set to undergo a multiyear period of shuttering stores and trimming square footage.
..................
In addition to J.C. Penney—which announced last week that it will close 33 stores—there are about a dozen retailers that still have too many stores, Sozzi said. Among them: American Eagle, which needs to move some of its aerie lingerie locations into its main stores; Aéropostale, which is on track to close 175 stores over the next few years; and Wal-Mart, which has about 100 stores in the U.S. producing same-store sales declines deeper than 3 percent, Sozzi said.
As for Penney's, Wells Fargo analyst Paul Lejuez said that its store closures are a step in the right direction, but they barely scratch the surface of how many are needed.
"With mall traffic trends very challenging and J.C. Penney facing its own significant company-specific issues, we do not believe a 1,000-plus store fleet is appropriate," Lejuez said in a research note. "In our view, the company needs to close several hundred stores to operate more efficiently, but that is not easy to accomplish overnight."
So, what's almost entirely missing (it gets the briefest of mentions) from this happy tale (http://www.cnbc.com/id/101353168) of supposed corporate restructuring? What would this story be completely fixated on if we only had a white Republican in the WH?
Anyone?
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Job loss/corporate greed.
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http://itsaboutliberty.com/index.php?topic=9508.new#new (http://itsaboutliberty.com/index.php?topic=9508.new#new)
Mustn't forget the ObamaCare Effect! It's a big part of the strategy to destroy and seize total control!
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I was thinking of job loss. The corporate greed thingy would be an alleged "cause" of the store closings and firings/layoffs.
The job loss, though, is what the media would always hang around the neck of a Republican administration. It's the same thing they did with troop deaths in Iraq/Afghanistan before we had a divine being ascend to the throne in DC. The media uses numbers like that to hammer their political adversaries on a daily basis.
The number of people who no longer work is becoming, though, too big to ignore. We are in an economic death spiral now and papering over the evidence will soon be impossible. JCP and Sears are only the two biggest and most visible examples of a dying economy. There are hundreds of somewhat smaller companies doing the same thing and thousands of very small companies which are folding and not being replaced with new ventures.
I only hope that if the collapse is as bad as I think it might be that I will be ready for it in time.
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Some of the newer retail space built here is based on smaller shops. Anchor tenants are now theaters, auto dealerships, etc, not the big box stores. I think malls are gonna shrink and be replaced by the regional/ city centers being constructed in my area.
Business adapts and liberals, who force the adaptation with poor policy, will always be there to blame "big business".
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NEW YORK (AP) - Wal-Mart Stores Inc. said it's eliminating 2,300 workers at its Sam's Club division as it reduces the ranks of middle managers in a bid to be more nimble.
The layoffs, which cut 2 percent of the membership club's U.S. employee count of about 116,000, mark the largest since 2010 when the Sam's Club unit laid off 10,000 workers as it moved to outsource food demonstrations at its stores.
The cuts come as Sam's Club strives to compete better with Costco Wholesale Corp. and online players like Amazon.com's Prime membership service. They also follow layoffs announced by several other major retailers in recent weeks that include Macy's Inc., J.C. Penney and Target Corp.
Bill Durling, a spokesman at Sam's Club, says that a little less than half of the cuts were aimed at salaried assistant managers. The cuts are also eliminating some hourly workers. He says that each of the clubs had roughly the same number of workers regardless of how much revenue each store generated.
"We felt this was the right move to make sure we are positioning ourselves for growing in the future," said Durling in an interview with The Associated Press. "We are trying to rebalance our resources in the field to make sure we are investing in the clubs that have the higher growth potential and balancing resources across the chain."
LINK (http://money.msn.com/business-news/article.aspx?feed=AP&date=20140124&id=17289787>1=33009&ocid=ansmony11)
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So even less help when you need it.
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NEW YORK (CNNMoney)
Chipmaker Intel said Friday it plans to reduce its global workforce by over 5,000 people over the next year.
The company says the cuts are in response to "evolving market trends."
Intel (INTC, Fortune 500) said it will trim about 5% of its 107,600 global workforce by the end of 2014 -- 5,380 jobs.
"This is not a layoff," said Intel Spokesman Chris Kraeuter. "It's not a giant, one time action. This is a target employment rate for the end of the year."
Kraeuter said the cuts will come as a result of people retiring, redeployments, or people leaving voluntarily.
"We're making decisions on how to design our resources to better meet the needs of our business," said Kraeuter.
LINK (http://money.cnn.com/2014/01/17/technology/intel-jobs/index.html?iid=HP_LN)
This is really shaping up to be a great year.
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If Wal-Mart is cutting back, its bad.
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I have to say that I am really concerned about the next six to twenty four months. If there are any positive signs I don't know where they are.
The world is going in the toilet. Fast. And we are weak. Very, very weak.
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The People’s Bank of China , the central bank, has just ordered commercial banks to halt cash transfers.
This notice, for instance, appears on the online portal for Citigroup's C -2.74% Citibank unit for its China customers:
Important Notice:
1. Due to the system maintenance of People’s Bank of China, Domestic RMB Fund Transfer through Citibank (China) Online and Citi Mobile will be delayed during January 30th 2014, 16:00pm to February 2nd 2014, 18:30pm. As to the fund availability at the receiving bank, it depends on the processing requirements and turnaround time of the receiving bank. We apologize for any inconvenience caused.
2. During Spring Festival, Foreign Currency Transfer Transaction through Citibank (China) Online and Citi Mobile will be temporally not available from January 30, 2014 18:00pm to February 7, 2014 09:00am. We apologize for any inconvenience caused.
If you have any enquiries, please reach us via our 24-hour banking hotline at 800-830-1880 or credit card hotline at 400-821-1880. If you are calling from other parts of the world, please reach us at 86-20-38801267 for banking services or 86-21-38969500 for credit card services.
In short, there will be a three-day suspension of domestic renminbi transfers. There will also be a suspension, spanning nine calendar days, of conversions of renminbi to foreign currency.
The specific reason given—“system maintenance” at the central bank—is preposterous. It is not credible that during the highest usage period in the year—the weeklong Lunar New Year holiday beginning January 31—the central bank would schedule an upgrade and shut down cash transfers.
A better explanation is that the country’s banking system is running dry. Yes, there is an increased need for money in the run-up to and during the Lunar New Year holiday, but that is only a small factor. After all, central bank officials knew this spike in demand was coming—it occurs every year at this time—and a core function of central banks is to manage seasonal liquidity fluctuations. Moreover, the holiday has not started yet, and the PBOC, as that institution is known, could have added more liquidity to meet cash needs.
LINK (http://www.forbes.com/sites/gordonchang/2014/01/26/china-halts-bank-cash-transfers-2/)
I can't tell you how at peace I am at having nothing in the market at the moment.
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LINK (http://www.foxnews.com/politics/2014/01/26/new-face-food-stamps-working-age-americans/)
In a first, working-age people now make up the majority in U.S. households that rely on food stamps -- a switch from a few years ago, when children and the elderly were the main recipients.
Some of the change is due to demographics, such as the trend toward having fewer children. But a slow economic recovery with high unemployment, stagnant wages and an increasing gulf between low-wage and high-skill jobs also plays a big role. It suggests that government spending on the $80 billion-a-year food stamp program -- twice what it cost five years ago -- may not subside significantly anytime soon.
Food stamp participation since 1980 has grown the fastest among workers with some college training, a sign that the safety net has stretched further to cover America's former middle class, according to an analysis of government data for The Associated Press by economists at the University of Kentucky. Formally called Supplemental Nutrition Assistance, or SNAP, the program now covers 1 in 7 Americans.
Up is down. Black is white. Welcome to the new, pre-collapse America.
Economists say having a job may no longer be enough for self-sufficiency in today's economy.
"A low-wage job supplemented with food stamps is becoming more common for the working poor," said Timothy Smeeding, an economics professor at the University of Wisconsin-Madison who specializes in income inequality. "Many of the U.S. jobs now being created are low- or minimum-wage -- part-time or in areas such as retail or fast food -- which means food stamp use will stay high for some time, even after unemployment improves."
That which cannot stand will, eventually, fall.
But, hey...squirrel!
The U.S. military carried out a missile strike in southern Somalia on Sunday to target a senior figure in the Al Shabaab terrorist group who had ties to Al Qaeda, a senior defense official confirmed to Fox News.
But it was unclear if the morning raid, in which witnesses said a vehicle was struck, was successful.
"We'll know more tomorrow," the official, speaking on condition of anonymity, told Fox News.
The Associated Press, citing a member of Al Shabaab, reported that Sahal Iskudhuq, a member of the Somali rebel group, was killed in the strike, along with his driver.
LINK (http://www.foxnews.com/world/2014/01/26/us-carries-out-missile-raid-against-somali-militant-official-confirms/)
You know, that Nobel Peace Prize for essentially being "not Bush" is looking more and more like genius, baby.
And, as a wrap up to tonight's Obama Depression Thread entry, here is a list of fun facts via Gateway Pundit:
$17.3 Trillion: The Current National Debt After Five Years Of State Of The Union Promises To Tackle The Problem. (U.S. Treasury Department, Accessed 1/24/14)
$6.6 Trillion: Added To The National Debt Despite Obama’s Declaration In His 2009 Address To Congress That He Didn’t Want To Leave “A Mountain Of Debt.” (U.S. Treasury Department, Accessed 1/24/14; President Barack Obama, Remarks by The President In State Of The Union Address , Washington, D.C., 1/27/10)
$4 Trillion: The Amount Of Debt That Obama Once Called “Irresponsible” And “Unpatriotic.” (Sen. Barack Obama, Remarks At A Campaign Event, Fargo, ND, 7/3/08)
$1.8 Trillion: Cost Of ObamaCare’s Coverage Provisions From 2014 To 2023. (CBO, 7/30/13)
$1 Trillion: The Total Student Debt Held By Americans. (Josh Mitchell, “Student-Loan Debt Slows Recovery,” The Wall Street Journal’s Real Time Economics, 12/30/13)
$819.3 Billion: Total Taxes In ObamaCare. (CBO, 3/12;JCT, 6/15/12; CBO, 5/14/13; CBO, 7/30/13)
$494 Billion: Amount Of Regulatory Burden Since Obama Took Office. (American Action Forum, 1/8/14)
$174 Billion: Federal Budget Deficit For The First Three Months Of FY2014. (U.S. Treasury Department, Accessed 1/17/14)
$32.6 Billion: The Increased Cost To Pay Interest On U.S. Debt Since 2009. (U.S. Treasury Department, Accessed 1/17/14)
47. 6 Million: Americans Receiving Food Stamps In 2013. (Department Of Agriculture, Accessed 1/24/14)
46.5 Million: Americans Living In Poverty – A Record Number – Despite Obama Calling Income Inequality “The Defining Issue Of Our Time” In His 2012 State Of the Union Address. (U.S. Census Bureau, Accessed 1/24/13)
19.4 Million: The Number Of Americans That Have Joined The Food Stamp Program Since Obama Took Office. (Department Of Agriculture, 1/24/14)
10.4 Million: The Number Of People Unemployed At The End Of Obama’s Fifth Year As President. (BLS, 1/24/14)
7.8 Million: The Number Of People Working Part-Time That Would Like To Work Full-Time. (BLS, 1/24/14)
6.7 Million: The Number Of People That Have Entered Poverty Since 2008. (U.S. Census Bureau, Accessed 1/24/14)
LINK (http://www.thegatewaypundit.com/2014/01/obama-fun-facts-more-americans-are-on-food-stamps-than-population-of-spain-more-people-in-poverty-than-population-of-argentina/)
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Damn, I feel like Trap is channeling me! But, when you're right you're right!
ALL of the real facts and trends are bad, and it is so bad that even the cooked data is trending negative. I hear Lord High Obama is going to admit (this is the MFM's description, remember that!) that his economic polices are not working...but it appears he will blame Republicans anyway since nobody is tired of that schtick, and use that as more excuse to issue another string of unconstitutional edicts to remedy the situation.
All I got to say is "If Obama the Destroyer of All Things Good is going to remedy the situation, things are about to get much, much worse."!
And you know what? There are people who deserve what is coming. And there are people like us who hold them all in contempt.
No quarter to our enemies! Remember that! And prepare accordingly.
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ZeroHedge (http://www.zerohedge.com/news/2014-01-26/no-there-no-stoppage-cash-transfers-china) debunks Forbes story on stoppage of China cash transfers. They do say, though, that there are lots of reasons why China is in trouble...this just isn't one of them.
Not yet.
Earlier today, Forbes managed to spook readers with a bombastic report that China's commercial banks had been instructed by the PBOC to halt cash transfers - something which would have dire implications on China's banking system ahead of its new year holiday, and send the banking system into a tailspin just as China is desperate to avoid all turbulence ahead of a potential shadow banking default.
Leaving aside the fact that one should typically rely on official PBOC advisories, posted quite clearly on its website (where one finds no mention of this notice), one could simply keep track of interbank liquidity indicators such as repo and SHIBOR, both of which dropped, indicating that liquidity actually improved.
Anyway, here is what really happened, as reported by China Compass. "Forbes columnist Gordon Chang claimed in a much-quoted item today that the Peoples Bank of China had instructed commercial banks to halt cash transfers. Chang's column, entitled “China Halts Bank Transfers,” specifically refers to Citibank's Chinese branches. The report is entirely misleading." Our advice - focus on the real "weakest links" in China's banking system, of which there are many and are backed by facts, not the least of which is the potential upcoming shadow banking default. Ignore groundless rumors and speculation.
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Damn, I feel like Trap is channeling me! But, when you're right you're right!
ALL of the real facts and trends are bad, and it is so bad that even the cooked data is trending negative. I hear Lord High Obama is going to admit (this is the MFM's description, remember that!) that his economic polices are not working...but it appears he will blame Republicans anyway since nobody is tired of that schtick, and use that as more excuse to issue another string of unconstitutional edicts to remedy the situation.
All I got to say is "If Obama the Destroyer of All Things Good is going to remedy the situation, things are about to get much, much worse."!
And you know what? There are people who deserve what is coming. And there are people like us who hold them all in contempt.
No quarter to our enemies! Remember that! And prepare accordingly.
I was looking to 1/4 the enemy for adequate warning to the next bunch of treasonous pigs.
Impaling them on pikes displayed on the roads to DC will be good enough
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Wondering who will take over the mantle of Treasury bond buyer now that the Fed is stepping away? Curious of the government's next steps towards repression and control of wealth? Wait no longer. As the AP reports, President Obama will unveil a new retirement savings plan tonight that allows first-time savers to buy US Treasury bonds tax-deferred for retirement. (http://www.zerohedge.com/news/2014-01-28/obama-unveil-treasury-ira-plans-or-planning-post-monetization-world)
Voluntary Participation of course. You know, till it isn't.
But what a deal! I will not take 15-35% of what is yours to pay for stuff I want, if you know, buy this treasury bond that lets me borrow for stuff I want, that I will pay for out of your future taxes, and which get negative returns after inflation!
Save for retirement in an instrument guaranteed to loose purchasing power in the first Year and every year thereafter! By the time you are 80, that money you invested will buy you a half eaten McDonalds Cheeseburger and a used condom!
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Rumors that Fed employees have already had IRA moved... (http://www.silverdoctors.com/it-begins-federal-government-forcing-employees-401k-funds-into-treasuries/)
I think 2014 is the year to fully drain them IRAs if you haven't done so already.
For those of you balking at the early withdrawal tax I ask - which is better: $200K in US Treasures you are not allowed to withdraw or touch till you are 65 or 70, or $110K now that you can?
This and the Presidents special Sheep Shearing IRA he is unveiling are just tow more data point along this road that says yes, mandatory and sudden confiscation is coming. That is $110K you can use for PV systems, generators, Diesel Fuel distillers, Alcohol Stills, guns and ammo, dried food ,Tractors and Farming implements and farmland .. or amongst other things. Or grab some gold and silver at discount prices!
We have seen a major ramp up in the Conservative Purge this week, and Matt Drudge is issuing cryptic warnings about needing an Exit plan. You got the GOP starting to push amnesty in what appears to be an attempt at final suicide for the party. And Of course Germany is getting back recast gold - they asked for only 5% of their holdings to be repatriated, and the US is doing at over multiple years and couldn't even come up with the full first shipment.. and that in gold that no longer bears the German Gold's seal...
Its starting to feel like Endgame to me..
I have been wrong before. We probably have two years, but everything seems to be smacking of desperation now..
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Oh and as a reminder Obama's 2014 Budget had in it a proposal for Automatic IRAs - that you would be signed up for automatically if you didn't opt out (http://fellowshipoftheminds.com/2013/10/03/does-obamas-2014-budget-nationalize-retirement-accounts/)
Anyone what to bet that this is in that POS's speech tonight, and that he plans to do it by executive order...
Heck, he may just announce the dissolution of congress and implementation of Order 66. Or maybe he will save that for during the Super Bowl...
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Yeah. I want to tell my parents to get their 401(k) money out, but I don't know what to tell them to put it in. I am being only slightly facetious when I tell them "the 3 Bs: bullion, beans, and bullets".
Regarding this:
"Many of the U.S. jobs now being created are low- or minimum-wage -- part-time or in areas such as retail or fast food -- which means food stamp use will stay high for some time, even after unemployment improves."
Well gee, no mention of one of the prime motivators behind the part-time trend. Their precious ObamaCare has damn near mandated that small businesses hire part-timers. They can't afford the new expense of full-time employees. I get so sick of liberals always getting away with being able to act like innocent bystanders when their asinine policies produce these utterly predictable results.
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I'm waiting to issue order number 30 06 and 308 ;D
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Obama Announces the GUARANTEED RETURN, NO RISK INVESTMENT! (http://www.zerohedge.com/news/2014-01-28/obama-introduces-myra-no-risk-guaranteed-return-retirement-savings-bond)
First comment on Zero Hedge:
putaipan: and it's gone!
And it's gone (original) (http://www.youtube.com/watch?v=-DT7bX-B1Mg#ws)
NoDebt
And this is different from opening a regular old IRA and buying T-bonds inside it, how?? Oh yeah, they'll now make it a regular payroll deduction. Taking out for Social Security taxes isn't enough of a "savings plan". Now you can double-down on debt from the same government that also backs SS. f**king brilliant.
You know what? I don't give a crap any more. Do whatever you want.
Crawdaddy
A toast to your "i don't give a crap". Me too. Let it burn.
Crawdaddy
Yes sir. Cash out 401k and take tax hit plus 10% nut whack. Invest in something real. Inflation alone will recover the nut whack within 5 years.
GeezerGeek
It would be nice if this type of account could be tied to something real, like the unit price of a particular brand of peanut butter. Or a particular cut of beef.
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Yup. Read all that too Weisshaupt. And I definitely think the desperation factor is starting to set in, it could very well be Katy-bar-the-door time.
3-B's, get out of this market...I mean the warnings signs are fast and furious...I honestly don't know how much time there is between now and oblivion and there is likely to be a lot of whipsawing action and dirt in the air clouding things, but the end of this Kabuki could be reaching the finale!
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More on the "And its gone" front.. (http://www.zerohedge.com/news/2014-01-30/myra-propaganda-begins-start-secure-retirement-promises-treasury-secretary)
There are no fees—100% of any contribution goes into the account and is invested in a Treasury security. That means it will be backed by the full faith and credit of the United States, will earn the same interest rate that is available to federal employees for their retirement savings, and the balance will never go down.
Yes, that is right, we will make Taxpayers pay for the huge bureaucracy required for collecting contributions from millions of employers and building the accounts! (Okay really its just one guy depositing the money right into our secret bank account and we won't keep track of what you have in your account- because really there will be nothing there!)
Finally, myRA is not tied to any one employer—it belongs to the worker, not the workplace. In other words, the account is portable and can be easily rolled into a Roth IRA. And if myRA savers ever need to, they can withdraw their contributions tax-free, at any time
Seriously? Tax Free? Okay I put all of my income in. Then I withdraw it same month - Tax free. Sounds like a frigging deal.
Oh no no.. its tax free but there are penalties for early withdrawal instead. You see, a penalty is different than a tax.. no wait, are they same? I keep forgetting.
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The MyRA isn't about anything but election year PR (look, something shiny here!) to cover the continuing war against the middle (cough! white!) class...the ONLY people who benefit is the FSA at the bottom (crumbs) and the crony-capitalists at the top (the 7 course dinner)!
::cussing:: MyRA! I got MyAR!!!
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This forum is so gifted at turning a phrase.
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Hey look, who says Obama hasn't accomplished jack shyt?!
http://www.zerohedge.com/news/2014-02-06/28-signs-middle-class-heading-towards-extinction (http://www.zerohedge.com/news/2014-02-06/28-signs-middle-class-heading-towards-extinction)
Forward, peasants!
Oh, and regarding that letter...sweetheart, the Destructor in Chief doesn't give a rats ass about you or anybody unless it has a direct benefit to he and his ilk. You are fodder, a tool...you are meant to suffer and cry out so the progressives can exploit you take what little is left of our freedom away and control every aspect of human endeavor, every thought, every belief from birth to death. Period.
The best thing you can do is join the freedom movement and look to yourself first, not others, to determine your destiny.
I read about an America that when duly aroused after being capriciously wronged where citizens took matters into their own hands and effected change, ran people out of town on rails...generally let it be known where the line in the sand was and backed up that claim with blood.
What we need is a good old fashioned revival of authentic Americanism!
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H/T IMAO - (http://www.imao.us/wp-content/uploads/2014/02/liberal-economics.jpg)
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H/T IMAO - [imgh]http://ttp://www.imao.us/wp-content/uploads/2014/02/liberal-economics.jpg[/img]
???
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Libertas, your .jpeg link is all messed up.
eta: Correction, *was* messed up. ;D
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I still don't see a link anywhere
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Well, it *was* there.
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(http://www.imao.us/wp-content/uploads/2014/02/liberal-economics.jpg)
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Just a little box, Pan.
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I dunno, then. I give up.
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Weird. It was not there, now it is there. Must be because of the source link. Here, I've saved it and uploaded it to photobucket. This one at least should stick around (the photobucket ones only get whacked if you ever move or delete them in your account).
(http://i585.photobucket.com/albums/ss291/libertasinfinitio/AntiLeftist/liberal-economics_zpsf65cd0e3.jpg)
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Weird. It was not there, now it is there. Must be because of the source link. Here, I've saved it and uploaded it to photobucket. This one at least should stick around (the photobucket ones only get whacked if you ever move or delete them in your account).
I make sure to put images in the correct location (I have many such locations) before I download them to Photobucket.
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Weird. It was not there, now it is there. Must be because of the source link. Here, I've saved it and uploaded it to photobucket. This one at least should stick around (the photobucket ones only get whacked if you ever move or delete them in your account).
I make sure to put images in the correct location (I have many such locations) before I download them to Photobucket.
I got locations for my locations in several different...umm, locations. It's almost as if I am trying to induce a CRS episode! ::hysterical::
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Weird. It was not there, now it is there. Must be because of the source link. Here, I've saved it and uploaded it to photobucket. This one at least should stick around (the photobucket ones only get whacked if you ever move or delete them in your account).
I make sure to put images in the correct location (I have many such locations) before I download them to Photobucket.
I got locations for my locations in several different...umm, locations. It's almost as if I am trying to induce a CRS episode! ::hysterical::
I no longer have to try.
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Weird. It was not there, now it is there. Must be because of the source link. Here, I've saved it and uploaded it to photobucket. This one at least should stick around (the photobucket ones only get whacked if you ever move or delete them in your account).
I make sure to put images in the correct location (I have many such locations) before I download them to Photobucket.
I got locations for my locations in several different...umm, locations. It's almost as if I am trying to induce a CRS episode! ::hysterical::
I no longer have to try.
Spontaneous CRS episodes?! Ufda... Well I got that to look forward to I guess... :o
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The More Things Change, The More They Stay Insane (http://americandigest.org/mt-archives/5minute_arguments/the_more_things_change_th_2.php)
Check the date ......
(http://americandigest.org/poemfrom1949.jpg)
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Pan, where did you find this little gem?
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Pan, where did you find this little gem?
Hover over "The More Things Change, The More They Stay Insane" -- that's the link.
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I poached that from somewhere and put it in my photobucket, could have gotten it from there, cannot remember. I could have gotten mine at the Northern Alliance page, they had a link at PowerLine I followed once. Good handle on things back then eh? And they still let 'em crawl around the country!
And, lets go back deeper into history!
1934 - (http://i585.photobucket.com/albums/ss291/libertasinfinitio/AntiLeftist/1934Cartoon.jpg)
People knew! People warned! Still, FDR 4 freaking turns?! They sold out their grandchildren future for short term comfort! All succeeding generations did was copy their ignorant elders!
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More Obamaville's.
(http://i.dailymail.co.uk/i/pix/2014/02/21/article-0-1BAF8CAA00000578-514_964x440.jpg)
http://www.dailymail.co.uk/news/article-2564858/Baltimores-people-woods-Inside-hidden-homeless-camps-milk-crates-wooden-doors-tarps-outskirts-town.html (http://www.dailymail.co.uk/news/article-2564858/Baltimores-people-woods-Inside-hidden-homeless-camps-milk-crates-wooden-doors-tarps-outskirts-town.html)
I was struck with prescient thought that these people might be looked at by future inhabitants as living rather quite well when looking at these pics...considering where everything is headed.
(http://i.dailymail.co.uk/i/pix/2014/02/21/article-0-1BAF8CDA00000578-756_964x523.jpg)
The Obama Throne.
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Hey, new college grads! Welcome to the Obama Regime's US labor force! How's $7.25/hour sound?
http://www.thegatewaypundit.com/2014/03/obamanomics-in-action-260000-college-graduates-in-minimum-wage-jobs/ (http://www.thegatewaypundit.com/2014/03/obamanomics-in-action-260000-college-graduates-in-minimum-wage-jobs/)
OK, now how much is attributable to the general horseshyt Obama economy and how much is attributable to the horseshyt degree Obama and the Prog's love to see kids earn...like queer studies and Africanism and the like?
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Get used to it...
http://3-ps.googleusercontent.com/h/www.thegatewaypundit.com/wp-content/uploads/2013/07/480x360xobamacare-parttime-jobs.png.pagespeed.ic.m3fk6tRWiy.png (http://3-ps.googleusercontent.com/h/www.thegatewaypundit.com/wp-content/uploads/2013/07/480x360xobamacare-parttime-jobs.png.pagespeed.ic.m3fk6tRWiy.png)
http://www.thegatewaypundit.com/2014/04/confirmed-most-of-jobs-added-during-obama-years-are-low-paying-part-time-jobs/ (http://www.thegatewaypundit.com/2014/04/confirmed-most-of-jobs-added-during-obama-years-are-low-paying-part-time-jobs/)
Obamanomics, ObamaCare, ObamaBots...it all ends in misery, enslavement and death.
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I know, I know, there are squirrels to be watching, just ask my cat. ::hysterical::
But while you were watching that squirrel known as the NBA, first quarter growth came out.
0.1% (http://hotair.com/archives/2014/04/30/2014-q1-gdp-skids-to-0-1/)
Gird your loins. Here we go.
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I know, I know, there are squirrels to be watching, just ask my cat. ::hysterical::
But while you were watching that squirrel known as the NBA, first quarter growth came out.
0.1% (http://hotair.com/archives/2014/04/30/2014-q1-gdp-skids-to-0-1/)
Gird your loins. Here we go.
Yes. And these are scrubbed and sanitized puppet-theater numbers...the same clowns that are forced to revise downward ever more in a week or two each and every time, that gets little coverage in the MFM...
And these are the same clowns telling us "All is well!"...
::saywhat:: ::hysterical::
Don't expect anything out of the ordinary drivel to come out of Yellin & Screamin's FOMC later today...
::unknowncomic::
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Gird your loins. Here we go.
Yep, its looking more and more like 2014 is the year... But you can bet they will be doing their damnest to paint "everything is awesome" everywhere.
But if they released a number like .1%? As the Kabuki Number using the NEW GDP calculation system you can be sure we are in full recession and the real number is -2 to -3% .
Here we go is right..
And the .1 comes from Obamacare spending (http://www.zerohedge.com/news/2014-04-30/if-it-wasnt-obamacare-q1-gdp-would-be-negative)
Whole thing is on life support .
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On CNBC this morning the local liberal blamed it on the weather. A weather related number. All is well, all the technical call for a stronger next quarter.... ::lalanotlistening::
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On CNBC this morning the local liberal blamed it on the weather. A weather related number. All is well, all the technical call for a stronger next quarter.... ::lalanotlistening::
The whole country wasn't shut down by the weather......................
Its shut down because of Barry and Co.
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Ying yang, yank my chain...
http://www.zerohedge.com/news/2014-04-30/fed-tapers-10-billion-says-economy-consumer-demand-picked (http://www.zerohedge.com/news/2014-04-30/fed-tapers-10-billion-says-economy-consumer-demand-picked)
Consensus "everything allright mode"! ::hysterical::
One of the big reasons why rate hikes are unlikely...
http://www.zerohedge.com/news/2014-04-30/heres-chart-you-wont-see-cnbc (http://www.zerohedge.com/news/2014-04-30/heres-chart-you-wont-see-cnbc)
All aboard! Train only stops once...and if that happens nothing matters anymore!
::unknowncomic::
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Just knew the weather would me mentioned as a cause but then doesn't snow removal equipment count as part of activity?
Why wasn't Bush blamed here?
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I dunno, can't believe they forgot about Bush, I think maybe even they are having a hard time repeating that meme any more...
Let's see what the puppet theater comes up with today for unemployment claims and such, they always adjust those down more a wekk later too...
It's getting harder and harder to find enough sprinkles to put on these turds...
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Just knew the weather would me mentioned as a cause but then doesn't snow removal equipment count as part of activity?
Why wasn't Bush blamed here?
No it wasn't weather (http://politicalcalculations.blogspot.com/2014/05/recessionary-cold-for-gdp-in-2014-q1.html#.U2JTD_ldVno)
Going back to our observation about dividends, what we observe is that the apparent recessionary distress in the U.S. economy began to arrive well in advance of the extreme winter weather that other observers are mistakenly attributing as the sole cause of the economy's poor performance in the first quarter of 2014. While winter weather disrupted a portion of the nation's economy for a short period during 2014-Q1, primarily in the northeast and upper midwest regions of the country, the real primary cause of the low economic growth recorded in the first quarter of 2014 is the outcome of the Fed's decision to begin tapering its Quantitative Easing program and its effect in driving up long-term interest rates from their historic lows.
Huh. Who would have guessed that the patient gets worse if we cut back the life support a bit?
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If they remove all artificial life support machines everyone will learn that the patient had in fact died years ago...
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The awesome two-fer of progressive puppeteering!
Unemployment rate drops!
http://bigstory.ap.org/article/us-gains-288k-jobs-jobless-rate-falls-63-pct (http://bigstory.ap.org/article/us-gains-288k-jobs-jobless-rate-falls-63-pct)
Highest number of Americans not working, ever!
http://washington.cbslocal.com/2014/05/02/report-more-than-92-million-americans-remain-out-of-labor-force/ (http://washington.cbslocal.com/2014/05/02/report-more-than-92-million-americans-remain-out-of-labor-force/)
EVERYTHING IS AWESOME!!!
That's how you do that shyt!
::unknowncomic::
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If they remove all artificial life support machines everyone will learn that the patient had in fact died years ago...
For certain, the brain function was in fact nil and proof is of course in patterns in voting.
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Saw this on the sidebar at AoS. It's from ZeroHedge (http://www.zerohedge.com/news/2014-05-16/where-worlds-unsold-cars-go-die) and if it's true...whoo, boy!
(http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2014/05/cars%201.jpg)
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Being that the dealerships blow-out last year's inventory after the beginning of the new model year, one could presume that these cars are all close to two years old and older. Is that sound logic?
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The only problem I have with this report is that it isn't accounting for normal import/export activity. Years ago while I was going back to school I worked part-time for an outfit that processed cars coming off the boat from japland.
We had several yards that looked exactly like this pictures @ zerohedge and as a still-shot it could appear to by stagnant. But in reality the vehicles were in almost constant motion as we processed them and loaded them onto railcars.
I suppose if someone (not me) had enough time and curiosity one could research current build rates, import/export rates, and try to reconcile them to sales rates.
Those pictures were reminiscent though ;')
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I kind of remember the one pic from after Katrina. At the time it was the lot where insurance companies were collecting flooded out (totaled) cars. So I am wondering about it. There is no way auto makers would be able to cook their books that much holding on to that many unsold cars. I know they sometimes strong arm dealers into taking cars they really don't want. I have heard stories about local GM dealers trying to refuse delivery of Volts, but they get stuck with them because they tie them to vehicles they want, like Tahoes and pickups.
Though I am amazed how many new cars are sold, to be honest. When a mid size car like a Honda Accord can cost $30k, there will be a time when people go, "no way".
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That thought occurred to me, too, that I might be seeing an import parking lot. But then there was the picture of the cars lined up at the Sunderland auto test track. And yeah, who is able to shell out these huge sums for average featured cars?
But, on the other hand, I am more than a little skeptical that free market companies would continue to make cars that have no purchasers. This isn't the Soviet Union we are talking about here where you would have two factories running side by side, one making left shoes and one making right shoes. These companies are in business to make a profit and have board members and shareholders to answer to.
So that's why I said, "...if it's true."
I don't doubt that there are troubles in the auto mfg. industry. It's a cyclical industry, though, and it runs through booms and busts during times of relatively good economies because of the fairly long life of its products...people buy a car and don't need to buy another one for quite some time unless they wreck it.
There is a lot of stuff like this published on ZeroHedge that I find to be dubious.
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Easy enough for the boys at Top Gear to confirm, eh?
As for crony whores GM & Chrysler, they can KMA for eternity!
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As I thought....
I usually enjoy reading Zero Hedge because the insights are often interesting and I think pessimism is an underrated virtue these days. However, this guest article on unsold cars is so demonstrably false I had to take a break from my Sunday morning to dispute it.
It is an admittedly appealing idea to think that automakers, unable to sell cars, are just wildly producing them and then dumping them around the world in an endless cycle of mass production hysteria. So much of the modern economy seems senseless and inexplicable, which is why an article like this seems to give some credence to the feeling many of us have inside that something is terribly wrong.
The visuals are strong, the headline is clear, and you almost don't have to read the article to viscerally understand the problem. I, more than anyone, get the appeal of this story because it seems to largely rip off an article I wrote — including the images and headline — more than five years ago (which itself was largely a rehash of a Guardian article).
LINK (http://jalopnik.com/that-zero-hedge-article-on-unsold-cars-is-bullsh*t-1578124255)
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I have to go out so I'll make it short. There would be lay offs and plant shut downs long before it would get as bad as they make it look. Remember that all it takes is one major storm shutting down a main shipping route and the build up in stock would be crazy.!
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Under Obamanomics and continued Proglodyte rule this is going to increase massively...
http://www.businessinsider.com/18-34-years-olds-living-with-parents-2014-6 (http://www.businessinsider.com/18-34-years-olds-living-with-parents-2014-6)
...until such point that everybody sets to killin' each other...
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Here we go, more stories on ObamaHomes...
http://www.dailymail.co.uk/news/article-2716297/Have-house-travel-Inside-Tiny-House-Movement-growing-number-Americans-rejecting-traditional-idea-home-living-simpler-cheaper-lives-result.html (http://www.dailymail.co.uk/news/article-2716297/Have-house-travel-Inside-Tiny-House-Movement-growing-number-Americans-rejecting-traditional-idea-home-living-simpler-cheaper-lives-result.html)
...as for a house on wheels, yeah, we call those "RV's" or "trailers" or "campers".
::hysterical::
But why am I laughing? With the economy set for implosion, retirement accounts set to disappear and social security a laughing fraud I will never see one cent come back my way...I suppose I could end up in worse!
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(http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2014/08/wage%20growth%20bbg_0.jpg)
http://www.zerohedge.com/news/2014-08-19/worst-recovery-ever (http://www.zerohedge.com/news/2014-08-19/worst-recovery-ever)
Obama the Destroyer probably cackles like a drunken demon at such good news...
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Another Obama Milestone Achieved! - Small Business Ownership In America Is At An All-Time Low!
http://www.zerohedge.com/news/2014-09-09/small-business-ownership-america-all-time-low (http://www.zerohedge.com/news/2014-09-09/small-business-ownership-america-all-time-low)
No beatings will continue until there is no more people left to beat...
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Another Obama Milestone Achieved! - Small Business Ownership In America Is At An All-Time Low!
http://www.zerohedge.com/news/2014-09-09/small-business-ownership-america-all-time-low (http://www.zerohedge.com/news/2014-09-09/small-business-ownership-america-all-time-low)
No beatings will continue until there is no more people left to beat...
Can't destroy the middle class without destroying their livelihood first. All is "progressing" according to plan.
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Another Obama Milestone Achieved! - Small Business Ownership In America Is At An All-Time Low!
http://www.zerohedge.com/news/2014-09-09/small-business-ownership-america-all-time-low (http://www.zerohedge.com/news/2014-09-09/small-business-ownership-america-all-time-low)
No beatings will continue until there is no more people left to beat...
Can't destroy the middle class without destroying their livelihood first. All is "progressing" according to plan.
I suppose a suitable gift basket should be arranged for Barry as thanks for filling our ranks, eh?
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This article is not entirely without merit when applied in general terms and specifically to our own economic woes, but disregard the ridiculous assertion that punishing the Rooskies for their territorial theft being necessarily bad and any resulting chaos "all our fault" BS! They can take that Russophile point of view and stick it up their popka!
http://www.zerohedge.com/news/2014-09-14/bob-shiller-warns-parallels-1937 (http://www.zerohedge.com/news/2014-09-14/bob-shiller-warns-parallels-1937)
Who gave us our "new normal", yeah, Emperor Barrack Hussein Obama!
Like I care about unhappy Russian marauders or stupid socialist Euro's! We got our hands full with all the proglodyte trash in our midst!
Excuse me while I continue my underconsuptionism!
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(http://4-ps.googleusercontent.com/h/www.thegatewaypundit.com/wp-content/uploads/2014/09/xtax-rate-US.jpg.pagespeed.ic.g3bQBpoDTm.jpg)
http://www.thegatewaypundit.com/2014/09/us-ranks-32-in-business-index-tax-burden-worst-in-industrialized-world/ (http://www.thegatewaypundit.com/2014/09/us-ranks-32-in-business-index-tax-burden-worst-in-industrialized-world/)
Obama and the Dem's see this as a big win...
And it kinda shows why they are eager to punish those trying to escape to foreign lands too, doesn't it?
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It also explains why there is a fence around the White House and why Harry Reid insisted on a congressional visitor's center that isolates the House and Senate from the public.
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Yeah, can't have those smelly wretched people who mistakenly think they still live in a free functioning representative republic where they have any legitimate authority to question any of them or their actions or lack thereof as the case may be!
Obama, Reid, Pelosi & Co (and too damn many Elephants!) - "Keep your distance, serf! We only demand your fealty, not your presence!!!"
Yeah, keep thinking you're unanswerable and untouchable...neither condition is meant to last very much longer, your own actions are guaranteeing it.
;)
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It's always surprising when you realize the USA, which is allegedly the land of cutthroat robber baron capitalism, has much higher corporate taxes than places like Sweden, the genuinely socialist welfare states.
Mark Steyn makes this comparison quite often. It's cheaper and less hassle to open up a business in most of Europe than it is here. In many ways we have the worst of both worlds here: big government with high taxes and byzantine regulations, and a crumbling outdated infrastructure. At least in European countries you have something to show for it.
We're being fleeced from every angle.
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But the progs here point to the enlightened socialist Euro states as the ideal, they factor in all the heavily state subsidized activity and national healthcare and all that crap into one giant happy ball and trumpet how they are enjoying a better standard of living than we are...all the while ignoring the huge fact that since WWII ended we've been footing the bill to protect their sorry asses from ravenous predators! If we demanded back pay for reconstruction (we only got some from Germany!) and cost of security for the past 70 years they would see their living standards plummet.
The fact is they are no better and perhaps worse off than we are, but we are all just circling the drain at different distances and velocities...but in the end the drain wins, the vacuum is too strong and people have long forgot how things should be done and now they think the hole is so big all they can do is make it bigger...
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We ain't circling that drain my friend,Libertas, were just moments feet from the treatment plant and I hope that plant is what's needed, a bankrupt government and a uncivilized war against the proglodyte trash especially their leaders. ::rockets::
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Yeah those without means will go down, that's for sure, but many will be caught in their suction.
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Well, duh...Obamanomics in just one of many snapshots!
(http://3-ps.googleusercontent.com/h/www.thegatewaypundit.com/wp-content/uploads/2014/10/xincome-obama.jpg.pagespeed.ic.UMSEdC619k.jpg)
http://www.thegatewaypundit.com/2014/10/obamanomics-in-action-real-hourly-income-down-10-under-obama/ (http://www.thegatewaypundit.com/2014/10/obamanomics-in-action-real-hourly-income-down-10-under-obama/)
Jobs lost or destroyed by Obamunism, many.
Jobs transferred from FT to PT as a result of readying for Obamacare threshholds, many.
Job growth, paltry, and mostly has been in services of which hourly comprise the most, so more competition for fewer jobs equals a sellers not a buyers market, so wages stay depressed.
Poverty, pain and misery...all part of the miasma of doom to give statists more crises not to waste!
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More Obamanomics illustrated -
(http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2014/12/20141201_obama2_0.jpg)
http://www.zerohedge.com/news/2014-12-01/us-debt-public-hands-doubles-under-barack-obama (http://www.zerohedge.com/news/2014-12-01/us-debt-public-hands-doubles-under-barack-obama)
Shocking, to idiots I suppose, why many Americans see their earnings destroyed, their livlihoods ruined, their homes and business taken, the childrens futures squandered...
Yup, this will all end the only way it can...
Streetlight Serenade
::smallestviolin::
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Yep. We just hit $18T the other day. An astonishing 70% of it has been accumulated during the Obama regime. Does anyone still think this isn't a deliberate effort to weaken America?
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No.
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Only the ignorant or culpable would disagree.
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(http://i226.photobucket.com/albums/dd27/gablabs/2014%20Blog%20Art/UndocumentedShoppers_zps492143fd.jpg)
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Wait till they meet 'unlicensed law-giver's'.
(http://i585.photobucket.com/albums/ss291/libertasinfinitio/2nd%20Amendment/1284749521.jpg)
:D
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Remember when Obamites ridiculed Bush for leaving an economy only generating, what was it, 3.6% GDP growth?
And now, the Obamites 6 years into their Reign of Terror with cooked books and all can only report 2.6% (http://www.usatoday.com/story/money/business/2015/01/30/economy-4q-gdp-first-estimate/22548329/)?
I'll bet the media will be all over this in 3...2...1...
(crickets)
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I think this fits in with the Obamite efforts to "help" (aka - screw over) the middle class by liberating (their wealth) and passing it along to constituents (FSA)...
http://www.cnbc.com/id/102473872 (http://www.cnbc.com/id/102473872)
It will take more than pink slipping a few thousand jobs to generate $2B in cost reductions...so it is likely the terminations will be higher than expected and store closures will have to be a part of that...the shrink back to the target model of old and getting away from the superstores is going to have to increase its pace too.
Sad, no acknowledgement of cold hard truths driving the economy of today...cowardice is well-bred into the populace at this point I guess...
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I think this fits in with the Obamite efforts to "help" (aka - screw over) the middle class by liberating (their wealth) and passing it along to constituents (FSA)...
http://www.cnbc.com/id/102473872 (http://www.cnbc.com/id/102473872)
It will take more than pink slipping a few thousand jobs to generate $2B in cost reductions...so it is likely the terminations will be higher than expected and store closures will have to be a part of that...the shrink back to the target model of old and getting away from the superstores is going to have to increase its pace too.
Sad, no acknowledgement of cold hard truths driving the economy of today...cowardice is well-bred into the populace at this point I guess...
I am thinking Ayn Rand screwed up with "Who is John Galt" as the phrase to indicate that one has observed the world is going to crap.
Michelle nominates "Tout est pour le mieux" ( Voltaire's Candide "Everything is for the Best!") ) but I think that fails to really capture the naivete and petty nature of our society.
I am going to stick with "Everything is Awesome!" ("Oh I love this song!")
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I think this fits in with the Obamite efforts to "help" (aka - screw over) the middle class by liberating (their wealth) and passing it along to constituents (FSA)...
http://www.cnbc.com/id/102473872 (http://www.cnbc.com/id/102473872)
It will take more than pink slipping a few thousand jobs to generate $2B in cost reductions...so it is likely the terminations will be higher than expected and store closures will have to be a part of that...the shrink back to the target model of old and getting away from the superstores is going to have to increase its pace too.
Sad, no acknowledgement of cold hard truths driving the economy of today...cowardice is well-bred into the populace at this point I guess...
I am thinking Ayn Rand screwed up with "Who is John Galt" as the phrase to indicate that one has observed the world is going to crap.
Michelle nominates "Tout est pour le mieux" ( Voltaire's Candide "Everything is for the Best!") ) but I think that fails to really capture the naivete and petty nature of our society.
I am going to stick with "Everything is Awesome!" ("Oh I love this song!")
I'll sing that between reloading...
Meanwhile, the plunge deeper into the Obama sewer continues...
http://www.zerohedge.com/news/2015-03-04/scariest-spreadheet-fed-possession-revealed (http://www.zerohedge.com/news/2015-03-04/scariest-spreadheet-fed-possession-revealed)
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Not much press about the collapse of the retail sector is there? And the Feds cannot even bake enough good news to keep GDP and other manipulated metrics from showing a evermore deteriorating economy...this Obamanomics thing is working entirely as the Dear Leader had planned.
180 Abercrombie & Fitch (by 2015)
75 Aeropostale (through January 2015)
150 American Eagle Outfitters (through 2017)
223 Barnes & Noble (through 2023)
265 Body Central / Body Shop
66 Bottom Dollar Food
25 Build-A-Bear (through 2015)
32 C. Wonder
21 Cache
120 Chico’s (through 2017)
200 Children’s Place (through 2017)
17 Christopher & Banks
70 Coach (fiscal 2015)
70 Coco’s /Carrows
300 Deb Shops
92 Delia’s
340 Dollar Tree/Family Dollar
39 Einstein Bros. Bagels
50 Express (through 2015)
31 Frederick’s of Hollywood
50 Fresh & Easy Grocey Stores
14 Friendly’s
65 Future Shop (Best Buy Canada)
54 Golf Galaxy (by 2016)
50 Guess (through 2015)
26 Gymboree
40 JCPenney
127 Jones New York Outlet
10 Just Baked
28 Kate Spade Saturday & Jack Spade
14 Macy’s
400 Office Depot/Office Max (by 2016)
63 Pep Boys (“in the coming years”)
100 Pier One (by 2017)
20 Pick ’n Save (by 2017)
1,784 Radio Shack
13 Ruby Tuesday
77 Sears
10 SpartanNash Grocery Stores
55 Staples (2015)
133 Target, Canada (bankruptcy)
31 Tiger Direct
200 Walgreens (by 2017)
10 West Marine
338 Wet Seal
80 Wolverine World Wide (2015 – Stride Rite & Keds)
http://www.zerohedge.com/news/2015-05-02/major-us-retailers-are-closing-more-6000-stores (http://www.zerohedge.com/news/2015-05-02/major-us-retailers-are-closing-more-6000-stores)
As the article states some of this is caused by online competition, and many of these players are subject to downturns in consumer factors too...like eroded purchasing power, declining wages, higher cost of healthcare (heh, ObamaCare made that worse!), declining middle class (where Obamanomics has really targeted the hardest!)...
Some of these have been slowly dying over the years anyway or are in niches subject to declining fortunes, but there is no doubt the Obama-Effect is a prime contributor to their demise.
Almost there...
(http://i585.photobucket.com/albums/ss291/libertasinfinitio/Obama%20Admin/1311339616.jpg)
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Heritage study - Obama Reg's cost $80B (http://www.weaselzippers.us/223382-obamas-regulations-cost-businesses-80-billion-per-year/), seems low to me, but it is certainly a growing number, so it must be like trying to hit a bullet fired from a moving train while suspended upside down from a parasail in a thunderstorm from 1,000 yards out...
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Obamaville, NJ (Nee Camden) - http://www.zerohedge.com/news/2015-05-18/obama-just-called-rotting-decaying-hellhole-symbol-promise-nation (http://www.zerohedge.com/news/2015-05-18/obama-just-called-rotting-decaying-hellhole-symbol-promise-nation)
Spike the football, beotch!
PS-The Dear Leader is probably eager to step in and save this sorry mess by bailing them out (http://www.zerohedge.com/news/2015-05-18/puerto-rico-faces-default-government-shutdown-july-1), heck, probably make them a state by decree for being so forward-thinking!
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http://www.thegatewaypundit.com/2015/06/after-six-years-of-obamanomics-five-things-you-need-to-know/ (http://www.thegatewaypundit.com/2015/06/after-six-years-of-obamanomics-five-things-you-need-to-know/)
I don't know what the big deal is...to B.Hussein O. this was a central part of his mission...
Duh?!
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And the benefits of Obamunism keep rolling along...
http://www.zerohedge.com/news/2015-06-18/about-those-rising-wages-real-hourly-earnings-drop-lowest-2015 (http://www.zerohedge.com/news/2015-06-18/about-those-rising-wages-real-hourly-earnings-drop-lowest-2015)
http://www.zerohedge.com/news/2015-06-18/philly-fed-bounces-employment-plunges-costs-soar-most-42-years (http://www.zerohedge.com/news/2015-06-18/philly-fed-bounces-employment-plunges-costs-soar-most-42-years)
...at this rate a 90% peasant population is a certainty...
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ObamAmerica...
http://www.weaselzippers.us/228994-food-stamp-beneficiaries-have-exceeded-45-million-for-48-straight-months/ (http://www.weaselzippers.us/228994-food-stamp-beneficiaries-have-exceeded-45-million-for-48-straight-months/)
...f**k, yeah...whatever...
::unknowncomic::
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Yeah, this really is Progressive Obamunism at its best, er...whatever...
(http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/11-2/welfare%20cliff_0.jpg)
http://www.zerohedge.com/news/2015-07-22/obamas-minimum-wage-utopia-just-hit-brick-wall (http://www.zerohedge.com/news/2015-07-22/obamas-minimum-wage-utopia-just-hit-brick-wall)
This really illustrates the unsanity. Talk about unsustainable...
And not only do we have the idiocy of class envy and naked jealousy driving the pimps of the can't do's/won't do's to enact stupid crap in government and business...but failure as usual is seen as a problem of not doing (spending!) enough...
So, NY not happy being idle and NYC being the flagship city of nanny-statists...wants to be the next one to mandate a $15 minimum wage for burger flippers (http://www.weaselzippers.us/229821-nyc-to-enact-15hour-wages-for-fast-food-workers/).
You know what will happen...no more affordable burger joints in NY...not that I know if any are there or how many...but, unless your an elite, no burgers for you!
And, what should be yet another anchor around the neck of a drowned candidate...Hitlery is praising Detroit as a model of “Coordinated Commitment From Government And Business” (http://www.weaselzippers.us/229807-hillary-clinton-michigan-is-a-great-example-of-coordinated-commitment-from-government-and-business/). Yup, only in TurdWorld America is failure promoted as success.
Suck it, America. You seem to like it.
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More minions of evil polluting big business get the boot...
http://www.zerohedge.com/news/2015-08-14/obamanomics-union-pacific-cuts-100s-jobs-coal-shipments-collapse (http://www.zerohedge.com/news/2015-08-14/obamanomics-union-pacific-cuts-100s-jobs-coal-shipments-collapse)
...Obamanomics, picking more losers every day, and they do it well!
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Yeah, this really is Progressive Obamunism at its best, er...whatever...
(http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/11-2/welfare%20cliff_0.jpg)
http://www.zerohedge.com/news/2015-07-22/obamas-minimum-wage-utopia-just-hit-brick-wall (http://www.zerohedge.com/news/2015-07-22/obamas-minimum-wage-utopia-just-hit-brick-wall)
This really illustrates the unsanity. Talk about unsustainable...
And not only do we have the idiocy of class envy and naked jealousy driving the pimps of the can't do's/won't do's to enact stupid crap in government and business...but failure as usual is seen as a problem of not doing (spending!) enough...
So, NY not happy being idle and NYC being the flagship city of nanny-statists...wants to be the next one to mandate a $15 minimum wage for burger flippers (http://www.weaselzippers.us/229821-nyc-to-enact-15hour-wages-for-fast-food-workers/).
You know what will happen...no more affordable burger joints in NY...not that I know if any are there or how many...but, unless your an elite, no burgers for you!
And, what should be yet another anchor around the neck of a drowned candidate...Hitlery is praising Detroit as a model of “Coordinated Commitment From Government And Business” (http://www.weaselzippers.us/229807-hillary-clinton-michigan-is-a-great-example-of-coordinated-commitment-from-government-and-business/). Yup, only in TurdWorld America is failure promoted as success.
Suck it, America. You seem to like it.
About the chart, I think I posted something 'round here (somewhere) that in order to counter the drop-off in "income" caused by moving into better paid work from 'entitlements', a person's wage would need to be $38/hr. $15 is gonna do zip for that.
-
Yeah, this really is Progressive Obamunism at its best, er...whatever...
(http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/11-2/welfare%20cliff_0.jpg)
http://www.zerohedge.com/news/2015-07-22/obamas-minimum-wage-utopia-just-hit-brick-wall (http://www.zerohedge.com/news/2015-07-22/obamas-minimum-wage-utopia-just-hit-brick-wall)
This really illustrates the unsanity. Talk about unsustainable...
And not only do we have the idiocy of class envy and naked jealousy driving the pimps of the can't do's/won't do's to enact stupid crap in government and business...but failure as usual is seen as a problem of not doing (spending!) enough...
So, NY not happy being idle and NYC being the flagship city of nanny-statists...wants to be the next one to mandate a $15 minimum wage for burger flippers (http://www.weaselzippers.us/229821-nyc-to-enact-15hour-wages-for-fast-food-workers/).
You know what will happen...no more affordable burger joints in NY...not that I know if any are there or how many...but, unless your an elite, no burgers for you!
And, what should be yet another anchor around the neck of a drowned candidate...Hitlery is praising Detroit as a model of “Coordinated Commitment From Government And Business” (http://www.weaselzippers.us/229807-hillary-clinton-michigan-is-a-great-example-of-coordinated-commitment-from-government-and-business/). Yup, only in TurdWorld America is failure promoted as success.
Suck it, America. You seem to like it.
About the chart, I think I posted something 'round here (somewhere) that in order to counter the drop-off in "income" caused by moving into better paid work from 'entitlements', a person's wage would need to be $38/hr. $15 is gonna do zip for that.
Yeah, there are differing analyses out there for where that magic break point is, and it depends upon the size of the family, cost of living for your area, etc etc. For example, if a family of 4 and only one worker, if that one worker made $35/hr and worked full-time...using 2088 FTE hours equals a gross of $73,080...depending upon the other variables they could make that fly, or the other parent could work a part-time schedule to augment. Certainly for an individual that should be enough to live on...except if you're in LA or NYC for example. So that "target" point can be all over the place. In some areas it could be substantially lower, but not low enough to matter in terms of either scale or availability, so yeah, $15 doesn't do squat...but it does give Unionista bosses a reason to smile, and everybody knows smiling Unionista's thank politicians with campaign funds.
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More on the fabulous retail sector that Obamunism rewards so generously...
http://www.zerohedge.com/news/2015-08-16/american-malls-meltdown-economic-recovery-complete-utter-fraud (http://www.zerohedge.com/news/2015-08-16/american-malls-meltdown-economic-recovery-complete-utter-fraud)
JCP stinks. Surprised Sears are around at all. Never a Macy's shopper. I do most of my clothes shopping at Kohl's. Target shopping has declined for me in favor of Wal Mart, and I still like the CostCo.
Big shock, people lose jobs, get booted from the labor force participation pool...people that do have jobs are in companies/industries struggling or under direct attack by Team Obama...food more expensive than ever...housing not rebounding, no new rental units so living choices are limited...people cutting back on all expenditures...I'm surprised retain numbers are this good!
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I haven't been in a WalMart in almost a year. JCP? Well, I work for an affiliated company of JCP so I get a 25% discount. Can't pass that up. Unfortunately it seems that Kohl's has a better selection of everything (Ron Johnson really ****ed up JCP's selection and they still haven't recovered) so I do end up there half the time. Costco, ya.
And outlet malls. Eagan has a really nice one.
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More signs of Obama Depression in the SCoaMF's adopted home state of Illinois...a state that has probably suffered as long as any in this latter-day iteration of America under the reign of DemoProgs and their free-spending (of OPM!) and heavy-handed liberty-crushing statism - Citing "budget problems" Illinois gives an IOU instead of the $250k won in Illinois State Lottery (http://www.zerohedge.com/news/2015-08-30/illinois-pays-lottery-winners-ious-after-30kmonth-budget-guru-fails-produce-deal).
These two quotes nail it -
Rick: "You know what's funny? If we owed the state money, they'd come take it and they don't care whether we have a roof over our head. Our budget wouldn't be a factor. You can't say (to the state), 'Can you wait until I get my budget under control?'"
Franks: "Our government is committing a fraud on the taxpayers, because we're holding ourselves out as selling a good, and we're not — we're not selling anything. The lottery is a contract: I pay my money, and if I win, you're obligated to pay me and you have to pay me timely. It doesn't say if you have money or when you have money."
You would think this would be a slam-dunk for any PR-chasing DA with dreams of higher office dancing in his head but perhaps finding a willing judge who would agree to seize state assets is just too hard in a state long dominated by statists.
Anyway, not surprised this happened in the Land of Obama!
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(http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/08-overflow/20150831_america_0.jpg)
http://www.zerohedge.com/news/2015-08-31/exposed-new-american-way-life (http://www.zerohedge.com/news/2015-08-31/exposed-new-american-way-life)
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Saw that.
Perhaps the time is ripe to stop feeding the effed up system and instead overwhelm it, yes?
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Another fine picture of what Obamanomics hath wrought!
(http://i585.photobucket.com/albums/ss291/libertasinfinitio/Economics%20and%20Finance/BHO%20Recov_zpsjnhqziyl.jpg)
http://www.zerohedge.com/news/2015-09-16/obamas-recovery-just-9-charts#comment-6556192 (http://www.zerohedge.com/news/2015-09-16/obamas-recovery-just-9-charts#comment-6556192)
All according to the Dear Leaders plan...
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Obamunism still wreaking havoc across the land...but really, how could it not wreak havoc?
http://www.zerohedge.com/news/2016-09-12/tent-cities-full-homeless-people-are-booming-cities-all-over-america-poverty-spikes (http://www.zerohedge.com/news/2016-09-12/tent-cities-full-homeless-people-are-booming-cities-all-over-america-poverty-spikes)
No surprise most of these Obamaville's are in libiot states and libiot areas...but not all the areas are exclusively libiot...which indicates to me the cancer is spreading into healthy tissue...that's usually when things start to get dicey for the patient.
(http://i585.photobucket.com/albums/ss291/libertasinfinitio/Obama%20Admin/Obamaville_zpsvaep484t.jpg)
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Never saw panhandlers in my town until Barry became president.
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They occupy overpasses downtown like they were camp sites... ::facepalm::