February 28, 2009

Overnight Open Threadiness and Miscellany (genghis)
— Open Blog

Item #1: Rich Karlgaard at Edgelings writes about The Coming Blue State Collapse. Apparently he’s convinced that somehow paying much higher taxes during a deep recession will somehow hurt what’s left of the economy. Hah! What a fool. Go leave snarky comments in his commenty thing.

Item #2: Taxation stories not your bag? Here’s one about funbags: Breastfeeding While Driving Gets Woman a Ticket. Also while talking on her cell phone. This is an outrage of course. Why are hardworking Womyn-Americans being punished for multitasking? When confronted by the concerned motorist who ratted her out to the cops she had this to say in her own defense:

”'You want to pop your titty out and breastfeed this kid?”

Well played, madam…well played indeed.

If funbags aren’t your bag, I’m pleased to announce that AceCorp Holding Company (parent group of AceCorp LLC) has expanded its line of products/services into the private entertainment industry. Find out more about it here.

Assorted disclaimers and announcements below the fold, along with my TPS report cover sheet.
As usual with the overnight thread, every single topic is off topic, including topics.

Tonight’s overnight thread is sponsored by Remy Wigs. I have one, why don’t you? They’re made from real human hair!, unlike imitators who use inferior materials, such as dryer lint or spider webs. Manufactured in India they are. Look for their fine products advertised in the comments below.

Notice: Posted by permission of AceCorp LLC. Please e-mail overnight open thread tips to xgenghisx@gmail.com. Otherwise send tips to Ace.

Posted by: Open Blog at 07:20 PM | Comments (131)
Post contains 266 words, total size 2 kb.

1 Has everyone seen the trailer for Mel Gibson's new movie?  It looks fantastic!

http://www.youtube.com/watch?v=xPYChyfxWNs

Posted by: Emily at February 28, 2009 07:31 PM (x5rEz)

2 Um? Where's the big breasted hookers with low self esteem. You got my hopes up.

Posted by: Ginger at February 28, 2009 07:32 PM (xT4XS)

3

"Apartment Buyers Abandoning 6-Figure Deposits"  "The penthouse, which first went on the market in October 2007 at $9.25 million, has since been appraised at $6.5 million, and its owner has decided to offer the property in a sealed-bid auction-like process in March, with a starting bid of $4.995 million”   http://tinyurl.com/c2wjr6

Posted by: silly at February 28, 2009 07:32 PM (zplc6)

4 Re: breastfeeding story.

Was she related to Britney Spears?

Posted by: Ginger at February 28, 2009 07:33 PM (xT4XS)

5 So, anyone else think the Dow breaks 7000 Monday?

Also, I noticed Hot Air and Red State were running an ad for some 'free' mmorpg called Mabinogi.  Has anyone played it?  Is there some reason they're advertising on right of center blogs?

Posted by: Methos at February 28, 2009 07:35 PM (yihZN)

6 I'm just here for the full lace wigs.

Posted by: blankminde at February 28, 2009 07:35 PM (XlyBp)

7 @5

I think F2P MMORPGs are where conservatives are hiding right now...conservatives and millions of Koreans.

Posted by: blankminde at February 28, 2009 07:36 PM (XlyBp)

8 'finger-lickin' dead' is a pretty good line.

Posted by: Waterhouse at February 28, 2009 07:38 PM (xAzQj)

Posted by: Wyatt Earp at February 28, 2009 07:38 PM (xQ52y)

10 '5 So, anyone else think the Dow breaks 7000 Monday?

Also, I noticed Hot Air and Red State were running an ad for some 'free' mmorpg called Mabinogi.  Has anyone played it?  Is there some reason they're advertising on right of center blogs?

Posted by: Methos at March 01, 2009 12:35 AM (yihZN)'

Well, according to the Fast Money guys Lousie Yamada thinks we are going lower.  If Louise thinks we are going lower, we are going lower, she is a legendary chartist.  And out of the 7 chartists they polled 4 others agreed with Louise.  The other two CNBC had on all day Friday, giving the impression that the "we've hit bottom" group was the concensus.  I guess they think their viewers are just stupid.

Posted by: silly at February 28, 2009 07:40 PM (zplc6)

11 I agree.  Thought he died several years ago.

Posted by: Brian in New Orleans at February 28, 2009 07:40 PM (ScjS6)

12

9 Paul Harvey passed away today.  Damned shame.

Really? I haven't looked at a news site in a few hours. If so, I'll get something up asap.

Posted by: genghis at February 28, 2009 07:41 PM (1XErj)

13 The Dow will break 7,000 if Obama puts his ugly mug on television.  His visage is a death spiral for the markets.

Posted by: Wyatt Earp at February 28, 2009 07:42 PM (xQ52y)

14 I’m pleased to announce that AceCorp Holding Company has expanded its line of products/services into the private entertainment industry.

Then you'll need some pussy foot.

Posted by: Goldmember at February 28, 2009 07:43 PM (JyfVU)

15 Genghis - He was 90 yuears old, but the details as to the cause of death have not been released.  I'm not sure if he was sick.

Posted by: Wyatt Earp at February 28, 2009 07:43 PM (xQ52y)

16 Even Buffett blew it and he was a huge BO supporter.  It is so sad to watch Steve Forbes, almost painful.  Poor Steve cannot understand why they are doing what they are doing with the economy.  He is getting angrier and angrier on each program cause he is a business man and sees the folly.

Posted by: silly at February 28, 2009 07:43 PM (zplc6)

17 Steyn channels his inner moron:

"If you're feeling a sudden urge to 'invest' in a gallon of tequila and a couple of hookers and wake up with an almighty hangover and no pants in a rusting dumpster on a bit of abandoned scrub round the back of the freight yards, it may be because you’re one of that dwindling band of Americans foolish enough to pursue his living in what we used to call 'the private sector.'"

I think he owes Ace a commission. Alternately, has anyone seen Ace and Steyn in the same dumpster at the same time? We're through the looking glass here, people.

Posted by: AnonymousDrivel at February 28, 2009 07:43 PM (swuwV)

18

Goldmember - What.  The.  Hell???

I'll take a dozen!

Posted by: Wyatt Earp at February 28, 2009 07:45 PM (xQ52y)

19 7 So the gimmick seems to be that it's free, but you have to pay for customization options (like if you want a moustache or something) and you can pay monthly for features that make it easier (more inventory space, free random items).  Apparently there are enough folks paying for some of the bells and whistles that the operation stays afloat.  Having never tried an mmorpg, I was just wondering if anyone could recommend it (or at least vouch that there's no scam that I'm not seeing).

Posted by: Methos at February 28, 2009 07:47 PM (yihZN)

20 Steyn's funny, glad he got his say in when they were investigating the hrc's in our neighbors to the north.

Posted by: The Great Satan's Ghost at February 28, 2009 07:48 PM (rIOdE)

21 15 Genghis - He was 90 yuears old, but the details as to the cause of death have not been released.  I'm not sure if he was sick.

Fascists don't want you to know the REST of the story! Look for Chicago machine fingerprints all over the corpse.

Posted by: Anonymous at February 28, 2009 07:49 PM (EtTEh)

22

I think we'll be down in the mid 6k's by the end of next week. Obama seems like he's doing everything possible to make a disaster worse.

I still remember the last time I heard Paul Harvey on the radio. They played him on Armed Forces Radio while I was in Korea back in the late 80's. He did this story about Jessica Hahn's mother dying. His catch line was that she died from a broken heart (presumably because her daughter was a whore). I was only 21 years old at the time. My first thought was "What an asshole. Somebody's mom just died and you're trying to make them feel worse about it?" I turned off the radio and avoided his crappy commentaries for the rest of his career. If he had something worthwhile to say I'm afraid I missed it based on that one episode.

Posted by: digitalbrownshirt at February 28, 2009 07:50 PM (ABDig)

23 They're nickle-and-diming you.  First you have to pay for the mustache.  Then you have to pay for the mustache rides.

Posted by: Z Ryan at February 28, 2009 07:50 PM (PDeVA)

24

Z Ryan - But I read that they were only five cents!

Oh, that's a nickel, isn't it?

Posted by: Wyatt Earp at February 28, 2009 07:52 PM (xQ52y)

25 What do I know of Paul Harvey?  http://paulharvey.ytmnd.com/ also, he died today.

Too insensitive?  Too soon?

Posted by: Z Ryan at February 28, 2009 07:52 PM (PDeVA)

26 : digitalbrownshirt, there are some traders that are charting when he comes on, when Uncle Ben comes on, when little Timmay comes on and when Barney Fife and Chris the dude come on because they know to get out of some trades immediately.

Posted by: silly at February 28, 2009 07:53 PM (zplc6)

27 They're showing Rush's CPAC speech on C-SPAN right now. So far it's awesome.

Posted by: Joanna at February 28, 2009 07:55 PM (qBRUE)

28 I am so hyped. About two hundred people in Kansas City showed up in 28 degree temperatures and 4 inches of snow for the tea party. I couldn't make it because the streets around where I live weren't plowed and I didn't want to take the chance getting stuck with my two babies. I hope they have more when the weather is nicer. I think the beast is starting to awake.

Posted by: Ginger at February 28, 2009 07:57 PM (xT4XS)

29 http://www.abovethelaw.com/  Lot of attorneys being laid off.  Wonder how that will impact the economy and business in general since it isn't like you stay to finish your work once you go into the conference room.

Posted by: silly at February 28, 2009 08:02 PM (zplc6)

30 7000? Meh. Who cares? Obama is bringing us into Paradise. You don't need money in Paradise. May you know the Peace of Landrew.

Posted by: eman at February 28, 2009 08:03 PM (Ee8qq)

31 "Poor Steve cannot understand why they are doing what they are doing with the economy."

Then Steve isn't as bright as I thought he was. Or he's disguising his incredulity of it all by playing stupid so as not to appear fringe/alarmist and cause a panic or risk appearing partisan. I hate to be the one to tell him, but we're beyond that point. It's time to pull that lever.

It's a power play in flashing neon lights. Hell, Rahm Emanual - you know, that Chief-of-Staff tax-evader who holds a rather important position in Obama's ear - announced it outright. Create the crisis and ram through as much as possible as quickly as possible to implement power/redefine a nation before the opportunity gets wasted. While we're even obsessing over just the TARP of the day or the scale of the budget, who knows what all is getting buried within these behemoth bills? Even those voting for it don't know (or worse, do know). They're overloading the zone so no one can stop everything assuming there's anyone there to stop any of it at all.

Jesus tap-dancing Christ! This Democrat catechism will be the end post-WWII prosperity. It's about time these business leaders and economists with access to the soapbox start calling things like they are even if it's risky to do so. How much equity are they willing to lose before saying something other than, "Well, we're entering an extended downturn in the business cycle, old chap, but we'll just look for other safe shelters and ride this one out."

Posted by: AnonymousDrivel at February 28, 2009 08:03 PM (swuwV)

32 Joanna, right on, I hate to be classified as a "dittohead"....but I find myself agreeing with the man almost all the time.

Posted by: Luca Brasi at February 28, 2009 08:04 PM (mJTYo)

33 Here are some pictures I took at the KC rally, if anyone is interested. It was a hoot.

Posted by: Nice Deb at February 28, 2009 08:05 PM (MHx40)

34 Way to go, Nice Deb !

Posted by: Goldmember at February 28, 2009 08:11 PM (JyfVU)

35 Ginger: "About two hundred people in Kansas City showed up in 28 degree temperatures and 4 inches of snow for the tea party."

Cool. An iced-tea party. I love iced tea.

I hope these kernels of protest continue and grow and that the GOP can stiffen its backbone and obstruct long enough for a critical mass to be reached. I'm concerned that won't happen until the damage is done. How much could be undone with a new Congress is unknown, but wouldn't it be nice if we didn't have to undo a government expansion of Biblical proportion?

Posted by: AnonymousDrivel at February 28, 2009 08:11 PM (swuwV)

36 I wonder if a laid-off barely-experienced newspaper grunt could get a job with Rush's outfit? Heck, I'll just troll Fark all day poking holes in the headlines if it means a paycheck and somewhat meaningful work.

Posted by: Joanna at February 28, 2009 08:13 PM (qBRUE)

37 Nicely done, Nice Deb.

Posted by: eman at February 28, 2009 08:13 PM (Ee8qq)

38 RE: Nice Deb (March 01, 2009 01:05 AM)

Excellent!

Posted by: AnonymousDrivel at February 28, 2009 08:15 PM (swuwV)

39 @33
Wow NiceDeb.  That was a lot more people than I expected to see.  I want to start seeing people holding signs that say

"I'm here in place of a soldier/Marine/sailor/airman who is not permitted the right to demonstrate peacefully.  You're auctioning off the country they fought to defend."

It only works if you are actually representing a military person though...otherwise you're "using the troops."

Posted by: blankminde at February 28, 2009 08:18 PM (XlyBp)

40 re: 35 "How much could be undone with a new Congress is unknown, but wouldn't it be nice if we didn't have to undo a government expansion of Biblical proportion?"

wrote this a few months ago in a snarky "signs of the end times". biblical prophecy + interpretation...
"
For unto us a child is born, unto us a son is given: and the government shall be upon his shoulder: and his name shall be called Wonderful, Counselor, The mighty God, The everlasting Father, The Prince of Peace. On the increase of his government and peace there shall be no end...
~Is. 9:6-7
So there will be this boy who is born, but he has a chip on his shoulder when it comes to the government that is in place. People think he is wonderful and is going to just go around and make everyone peaceful, cuz he is cool like that. Oh, and he is going to grow the government he heads a boatload, which won't ever be shrunk. Like anyone has ever been able to shrink government.
"

Posted by: A.G. at February 28, 2009 08:20 PM (JoIvi)

41 http://tinyurl.com/dnmjxl - link to the insider selling at Citi, someone posted it at dealbreaker so I thought you guys might like to have a peek.  Made me realize that they aren't buying.

Posted by: silly at February 28, 2009 08:22 PM (zplc6)

42 By the way, was there a reason the CPAC coverage stopped with Pence?  A lot of the comments in that thread raved about Rush, but there's no post here.

Posted by: Methos at February 28, 2009 08:30 PM (yihZN)

43 A.G.,

Your snark is on mark.

See what I did there? Ah, forget it. This stuff is wasted on you guys. Good rhyming skills never pay off. The exception to prove the rule? "Bush lied. People died."

Anyhoo, Teleprompter Jesus does have that cult thing going on. It amazes me his ratings are as high as they are considering the bludgeoning he is doing and will do to our economy. I used to think "It's the economy, Stupid" was a pretty good summary of the political landscape. Now I'm convinced "It's all the Stupid people, Stupid" at work.

Posted by: AnonymousDrivel at February 28, 2009 08:31 PM (swuwV)

44

”'You want to pop your titty out and breastfeed this kid?”

Well, do ya--punk?

Posted by: comatus at February 28, 2009 08:35 PM (mtQad)

45 re: 43

hehe.  signs. signs. everywhere they're signs. are we living in the end times?  Is Obama the messiah/antichrist?  Judge for yourself, as he just might.

hehe.

Behold, I come quickly: and my reward is with me, to give every man according as his work shall be.
~ RV 22:12
Quickly puts into operation: from each according to their ability, to each according to their need.

Long awaited he will never return. He will appear in Asia and be at home in Europe. One who is issued from great Hemes, and over all the Kings of the East will he grow.
~ Nostradamus 10:75
Isn't Indonesia in Asia? Hermes moves around a lot. At home in Europe? heh heh.

I did 15 of em here: http://libertaspopuli.blogspot.com/2008/
11/signs-of-end-times.html

Posted by: A.G. at February 28, 2009 08:38 PM (JoIvi)

46 45 continued...

my favorite is:

And they worshipped the beast, saying, "Who is like unto the beast? Who is able to make war with him?" And there was given unto him a mouth speaking great things and blasphemies... And it was given unto him to make war with the saints, and to overcome them: and power was given him over all kindreds, and tongues and nations, and all that dwell upon the earth shall worship him
~ RV 13:4-5, 7-8
This guy is a great orator. So great that people all over the planet are huge fans, with some even acting like he is some sort of deity. He also isn't a saints fan. Which means his team is some other one in the NFC. The electoral college meets mid-December. You know who plays New Orleans mid-December? The Bears. The Chicago Bears.

Posted by: A.G. at February 28, 2009 08:40 PM (JoIvi)

47 NOSTRADAMUS?!  OHSHIT!

Posted by: Z Ryan at February 28, 2009 08:40 PM (PDeVA)

48

Nice Deb

I have seen pictures of "tea parties" around the country on other conservative sites but I must say you KC folks are most impressive. I guess having Claire McCaskill as a Senator is a great motivator.

God Bless You all for getting out there. If the MSM would start covering these demonstrations nationally..........well I can dream.

Thanks for your photos.

Posted by: solitary knight at February 28, 2009 08:43 PM (gRXrx)

49 A.G. except the Bears are gonna suck this year.  Their defense and OL are well past their prime.   

Posted by: Big Fat Meanie at February 28, 2009 08:43 PM (n2eCn)

50 re:49.  wrote the article back in early november.  so the december i was talking about was this past one.  it was all in good fun.

Posted by: A.G. at February 28, 2009 08:48 PM (JoIvi)

51 http://www.zmag.org/znet/viewArticle/20677

Link is to an article of Mumia Abu-Jamal talking about his new book "Jailhouse Lawyers."

Skip ahead to part 4 where he is praising Cloward and Piven's "The New Class War: Reagan's Attack on the Welfare State and Its Consequences."  Blech.

Posted by: blankminde at February 28, 2009 08:50 PM (XlyBp)

52 AG: "This guy is a great orator. So great that people all over the planet are huge fans, with some even acting like he is some sort of deity. He also isn't a saints fan. Which means his team is some other one in the NFC. The electoral college meets mid-December. You know who plays New Orleans mid-December? The Bears. The Chicago Bears."

Ixnay onway ethay onnectingcay ethay otsday, ifway ouyay owknay
at'swhay oodgay orfay ouyay.

Posted by: AnonymousDrivel at February 28, 2009 08:50 PM (swuwV)

53 "In a column published in Friday in the diocesan Catholic newspaper The Leaven, Naumann said he wrote Sebelius in August and urged the potential Democratic vice-presidential running mate to refrain from communion.

Following the letter, he learned she had taken the sacrament and he wrote to her again asking her to respect his request and "not require from me any additional pastoral actions."  http://tinyurl.com/bbu4wa

What is it with this guy that he surrounds himself with Catholics who are in trouble with church heirarchy?

Posted by: silly at February 28, 2009 08:50 PM (zplc6)

54 oh.  chicago beat the saints in that game, in OT.

besides, the scariest bear Obama has to use is the one he is currently using on the economy.

Posted by: A.G. at February 28, 2009 08:52 PM (JoIvi)

55

I was going to say Threadiness was something an ass-pirate might say, but I won't; at least not today.

Posted by: solitary knight at February 28, 2009 08:57 PM (gRXrx)

56 Roger...too much wine and Swedish fish and finance homework makes me kind of dense.  That was kind of a wacky game, back when Da Bears were in the playoff hunt.  I kind of feel bad for the Saints--they've had to travel to Soldier Field in winter for the last 3 years.   

BTW, anyone hiring MBAs this year, or should I wait for evvvvvil capitalism to make a comeback in 2010? 

Posted by: Big Fat Meanie at February 28, 2009 08:57 PM (n2eCn)

57 Wow Obama is letting his base have it good too.  Well not so good.  Who ever heard of a progressive donating to charity?  Sorry I forgot the ACLU and the Workers Party.

Posted by: Thomas Jackson at February 28, 2009 08:59 PM (0Qynq)

58 http://tinyurl.com/bvv77b

Does anyone believe in the Trilateral Commission?  Every time I hear about it I buy stock in tin foil.

Posted by: blankminde at February 28, 2009 09:03 PM (XlyBp)

59 http://tinyurl.com/codmm5

Okay this is hilarious.  Hang in till the bottom of the first page when the writer explains that President Obama is getting ready to sign an executive order FINALLY releasing anti-gravity technology to the public.  Good stuff.  Probably all true...haha.

Posted by: blankminde at February 28, 2009 09:25 PM (XlyBp)

60

"Weekend Dealbreaker:  We Are All Ponzi Now"  Posted by Equity Private, Mar 01,2009, 1:58am''

"You knew it was coming. Allen Stanford was running a Ponzi scheme. Or so says the SEC:"

there are so many models out there why did they all have to emulate Ponzi.  BTW, something freaky, there is a tin foil hat post her and at dealbreaker.  The styles are different has to be two different posters.   really odd.

Posted by: silly at February 28, 2009 09:26 PM (zplc6)

61 blackminds, read a post on a financial blog comment thread the other day where the author announced that the pres was going to release what they said were copious amounts of information on "visitors" to the public.  I kept watching the thread, they simply ignored the poster, was very funny.

Posted by: silly at February 28, 2009 09:31 PM (zplc6)

62 re BFM/56

Saints historically have played better on the road (not counting the 2005/Katrina year) than at home.  Always figured it was due to living in New Orleans and partying with tourist sluts on Bourbon St. before the game.

I hear China is hiring MBA's.  Unless that's a masters in bullshit artistry, in which case politics is a great fit.

swedish fish?  part of the bikini team?

hehe

re: 57.
Its called "Progressive Patriotism".  Its the rebranding of national socialism.

Posted by: A.G. at February 28, 2009 09:34 PM (JoIvi)

63 @61
Not surprising that people would just ignore it.  The problem with the crap at the links I posted at 58 and 59 is that it is crazy, but it makes sense.  The only thing I don't understand: why would the richest people in the world want a one world government?  I realize it would give them temporarily insane amounts of power and wealth, but the world would collapse.  The only way it makes sense is if they really believe it would work.  If that is the case, we're fucked.

Posted by: blankminde at February 28, 2009 09:38 PM (XlyBp)

64 Apparently he’s convinced that somehow paying much higher taxes during a deep recession will somehow hurt what’s left of the economy.

That would be true if they didn't have the power to tax everyone else to fill in the holes.

Posted by: Ace's liver at February 28, 2009 09:38 PM (LtIsn)

65 Rush gave a great speech today, though it rehashed much of his past couple radio shows.  only little glitch i heard was his reference to the economist "ludwig von hayek".  thats a merging of the names of ludwig von mises and friedrich hayek.  mises died in 73 and hayek in 92, so im guessing hayek.

Posted by: A.G. at February 28, 2009 09:39 PM (JoIvi)

66 And congrats to the St. Louis faction of the tea party.  you made drudge!

Posted by: A.G. at February 28, 2009 09:42 PM (JoIvi)

67

Looked at the article about the blue State collapse and all the tax increases. He leaves a couple of things out. First not only are some of the blue States like CA raising their taxes because of the perennial “shortfall” but red States like mine get a defacto tax increase as well. You see many States have their taxes tied to the federal tax so if the fed tax goes up the State does as well.

 

Also, one of the things that really pisses me off about the way the blue States are collapsing is what happens as they go down. A lot of the union assholes from the rust belt have moved South because their companies collapsed from pressure of the unions and high taxes. Do you think they would learn their lesson? Hell no! They come down here and talk about how good it was and immediately start pressing for higher taxes and unions. Talk about stupid mother fuckers. I always tell them to climb back on their sorry ass union horses and take their ass back where they came from.

Posted by: Vic at February 28, 2009 10:27 PM (f6os6)

68

Nice Deb

 

Why are there no black faces in the crowd of Tea Party protestors? LOL, could it be that they support the O’Bamanite regardless of what happens?

Posted by: Vic at February 28, 2009 10:30 PM (f6os6)

69 I hope these kernels of protest continue and grow and that the GOP can stiffen its backbone and obstruct long enough for a critical mass to be reached

Don't count on that. Too many of them still swallow everything the DemSM says as gospel. The Slimes and Compost call some people in Manhattan and DC for a poll, and voila, "68 percent of the public supports the stimulous"

Until the GOP delegates the likes of Frum, Noonan, Brooks, and Parker to court jester status and stops believing that Brian Williams and Katie Couric will treat them fairly, we're going to have to get a lot bigger and a lot louder.

Posted by: kbdabear at February 28, 2009 10:54 PM (miw86)

70

More on the tax issue; this from the story on Drudge of the new and novel ways of raising taxes.

 

“Every state in the nation, including Massachusetts, needs to figure out a way of raising revenues,” Mr. Walsh said. “So we need to be creative.”

 

During every economic downturn certain States, primarily “blue in nature” scramble to raise taxes because of revenue shortfalls. When the economy returns do they ever reduce taxes because they have a revenue surplus? Hahahahahaha that would mean hell has frozen over.

 

What they do is scramble all over the carcasses of the taxpayer and fellow communists to see who will get the biggest piece of the cash to spend on their own pet projects. That way the next time the economy goes in the crapper they can raise taxes again.

 

And they wonder why blue states are failing.  Why is it that they NEVER come up with plans to reduce government spending during shortfalls. And if a gov like CA threatens to reduce spending why is it that they ALLWAYS go after the really needed stuff instead of the socialist programs?

Posted by: Vic at February 28, 2009 11:18 PM (f6os6)

71 @68- "Why are there no black faces in the crowd of Tea Party protestors?"

Hold on there, chief- I went to the Chicago protest, stood 10 ft. away from a Black dude.

Also, my wife wants to go with me to the next one- being as she's Black, she'd have one of them there "black faces" you're talking about.

With all due respect- take care when wielding the stereotype brush, Vic.  Not every Black person thinks that obie rides unicorns- trust me on that.

Posted by: buster mcDissenter at February 28, 2009 11:28 PM (4ezUN)

72 OK, so it's only 99% support, Still there were no black faces in the crowd in the KS photos.

Posted by: Vic at February 28, 2009 11:32 PM (f6os6)

73 You can feel the emotion in the people as the momentum for rejecting Him has grown. It hasn't taken people long to find out that they don't like Obama Changes as they will crush our economy. Obama seems to be trying to use his slick tongue to cause panic, crisis, emergencies, stifling of hope. What we are seeing is a shortage of support for Obama. Mr. Hope is a 'has been' in the popularity area since he has refused to release his TRUE Kenyan birth certificate, pushing & signing for the spending of our grandkids hope & is now subject to being defrocked from his hoped for throne. Most people are saying, 'The sooner Obama is removed, the better for America.'

Posted by: sickinmass at March 01, 2009 12:14 AM (/i4dU)

74 It is so sad to watch Steve Forbes, almost painful.  Poor Steve cannot understand why they are doing what they are doing with the economy.  He is getting angrier and angrier on each program cause he is a business man and sees the folly.


They are doing what they are doing because the rich and the businessmen want it done, in the perhaps mistaken belief that it will further line their own pockets.

Posted by: flenser at March 01, 2009 02:38 AM (YYwji)

75

One thing the “rich” people may be thinking with this new tax burden is that it will go back to the “pre-Reagan” tax brackets and tax code. Remember those rates where the top tax brackets were up in the 75% range. Well that was a big lie because there was a LOT of deductions back then that were available to the “rich” and nobody with half a brain (or an accountant) paid those kind of taxes.

 

All of those deductions were eliminated when the y reduced the rates and “simplified” the taxes. Those so-called Reagan tax cuts “for the rich” actually increased the taxes that a lot of people paid. Now the Obambi is going to raise the rates back plus keep the “no deductions” strategy on top of the fact that he will take away the home mortgage deduction as well.

Posted by: Vic at March 01, 2009 02:53 AM (f6os6)

76 Here's a link to the St. Louis Post-Disgrace on the local Tea Party.

And here's the Flickr album of photos of it.  Big crowd.

And a local talk show host/blogger's page on the event.

Posted by: nickless at March 01, 2009 03:10 AM (MMC8r)

Posted by: aaabs at March 01, 2009 03:27 AM (6+R+o)

78

Man bites dog /  Journalist defends capitalist! http://www.dallasobserver.com/content/printVersion/1260508

Old school bleeding-heart journalist for sexy-alternative/progressive weekly newsrag defends "slumlord" from slander by city officials, calls for law-and-order, slams government public housing, extols the pursuit of profit, and concludes by praising  "an honest businessman providing a good service in an atmosphere where there is struggle, courage, virtue, some hard-fought success but also a bracing amount of evil."
 

 

 

Posted by: pouncer at March 01, 2009 03:48 AM (0NHrf)

79

Fox News up to the normal shit this morning. CPAC speeches by Rush and AC were gRepublicansh. Hey Fox CPAC is for conservatives. Republican ‚ conservative.

 

Also, why are you surpised that Romeny did well? Look at the demographics of the voters. 52%  were young students.

Posted by: Vic at March 01, 2009 04:24 AM (f6os6)

80 I just finished watching Limbaugh's speech in its entirety.

Wow! What a lecture... and it was a lecture for the masses.

No wonder the Left wants to cull him from the conservative herd and call him "extreme." Divide and conquer.

Outstanding. I wish it was longer. I also wish he was running for President. The man can run his bully pulpit.

Posted by: AnonymousDrivel at March 01, 2009 04:37 AM (swuwV)

81

I keep seeing these little tidbits on the news about the so-called winners and losers under the Obama tax plan after seeing a blatant set of bullshit on CNN yesterday I decided to check directly. I actually downloaded a copy of the budget.

 

I sure do not see where they are getting these winners and losers from because the budget has NOTHING in it about the tax plan except generalities from which you can not determine anything.

 

What is truly  amazing about this POS is the fact that it appears to be nothing but more propaganda for Obama policies. It is not a budget proposal like anything I have ever seen.  The first chapter is the OBama speech. The second chapter is titled “Inheriting A Legacy Of Misplaced Priorities”. So you can pretty much determine what that is all about. It contains little gems like this “Prudent investments in education, clean energy, health care, and infrastructure were sacrificed for huge tax cuts for the wealthy and well-connected.”

 

What is truly galling about this is that they use taxpayer dollars to fund this obvious political propaganda. On top of all that it is the typical commiecrat big lie. I went back and looked at Bush’s budget and it has a lot of the general discussion as well and talks about how to build a stronger economy, as well as the problems with banking and housing. Nowhere in it does it hit on Democrats. This is especially noteworthy since the Democrats are the ones who caused this mess.

Posted by: Vic at March 01, 2009 04:46 AM (f6os6)

82 There have been two or three identified ponzi schemes?  Did none of these subscribers read the "prospectus"?  How do you give your money to someone and not keep an eye on it?  the other day CNBC had a copy of the prospectus from the last one and they had the guest, a CEO, read it while in commercials.   Ultimately they asked him what his thoughts were?  He basically said that it was a nice slick presentation with no substance, no information.  So maybe it is easy to thnk that the American people accept things on relationships and never check te facts?

Posted by: silly at March 01, 2009 05:06 AM (zplc6)

83 "I also wish he was running for President. The man can run his bully pulpit."

Palin/Limbaugh 2012. Can't you just see the lefty heads asploding across the land? If you think they hate Sarah Palin, recall how they feel about Rush Limbaugh -- they think he breathes fire and eats children whole. That would be one fun campaign.

Posted by: Andrea Harris at March 01, 2009 05:10 AM (vLf8O)

84

It's beginning to look like the MSM knows Obama is in way over his head and they're trying their best to help the jug eared clown out. Yesterday, for example, the AP ran an analysis of Barry's budget that said it has no chance of success unless we have a strong economic recovery very quickly -- and that's highly unlikely. Message from AP to Obama: scale back your budget a bit or it'll trash the economy and we'll have a pubbie prez come 2012.

They're also trying to talk up the economy for Barry since they've figured out he won't do it himself. Bloomberg News (normally in the tank for The O) ran a surprisingly straightforeward article about Warren Buffett:

Buffett Says Economy Will Be ‘In Shambles’ for 2009

Feb. 28 (Bloomberg) -- Billionaire Warren Buffett said the economy will be “in shambles” for the rest of this year as financial firms take losses tied to reckless loans made during the housing boom.
. . .
While Buffett and business partner Charlie Munger can’t predict how stocks will perform in 2009, they’re certain “that the economy will be in shambles throughout 2009 -- and, for that matter, probably well beyond,” he wrote.

How does the AP cover the same story?

Buffett upbeat despite Berkshire’s worst year

OMAHA, Neb. — Warren Buffett remains optimistic about the prospects for his company and the nation even though Berkshire Hathaway Inc. turned in its worst performance in 2008 and the widely-followed investor says the economy will likely remain a mess beyond this year.

Buffett used his annual letter Saturday to reassure shareholders that the Omaha-based insurance and investment company has the financial strength needed to withstand the current turmoil and improve after the worst showing of Buffett’s 44 years as chairman and CEO.

Buffett wrote he’s certain “the economy will be in shambles throughout 2009 — and, for that matter, probably well beyond — but that conclusion does not tell us whether the stock market will rise or fall.”

How the hell can the AP conclude that Buffett is optimistic if he's predicting an economy in the crapper for over a year?

They can't. They just make that shit up because they know that somebody has to talk up the economy and jug ears is too stupid or stubborn to do it himself. And they can't let him fail. They can't let him self destruct. They're also running stories about increasing civilian and troop deaths in Afghanistan.  Message from AP to Obama: increasing troops in Afghanistan will probably increase deaths and you'll have your own unpopular war. And you don't want that.

It has been only five weeks Barry's world is imploding big time. It's gonna be an Epic Fail in record time. Too bad he's taking the rest of us for this ride.

Posted by: Tinian at March 01, 2009 05:22 AM (Ohodx)

85 "Backstabber:  Is Rick Santelli High on Koch?"  http://tinyurl.com/cguhl2 So the link to this playboy article was posted at dealbreaker,
http://tinyurl.com/azom7h.   Within minutes a second supporting link was posted.   This is not a "big site"  and its been referenced here because it has a lot of material on the banks and the tarp.  Makes you wonder what is going on?

Posted by: silly at March 01, 2009 05:31 AM (zplc6)

86 I got out of the market when Obama won the nomination. I saw the handwriting on the wall. My broker is a ML dude and he disagreed all the way up to the other day. Now I think he is convinced that we are slowly but surely being led down the path of fascism not socialism. There will soon be no private marketplace or a resurgent capital market. Unless the people step up and vote in a free market, fiscally conservative, god-fearing congress - forget it! We have under 2 years to do something more dramatic than Obama's election and that is "Save our country".

Posted by: Jack is Back! at March 01, 2009 05:33 AM (DGtFq)

87 I hate to be classified as a "dittohead".

This is one of those terms that unfortunately does not sound like what it originally meant. Dittohead does not mean that that you agree with Rush about everything. It means that you enjoy the show.

Posted by: lauraw at March 01, 2009 05:39 AM (DbybK)

88 Andrea Harris,

That would be fun. I'd flip the ticket because, well, Limbaugh is not only a great communicator, he can recollect a longer history and weave it into conservative principles with ease. He clearly has that edge on Palin. But yeah, that would be a dream ticket for me, too.

The best thing about Limbaugh is that the MSM will try to paint him in the most unfavorable light, but if the audience gets to hear Limbaugh and all of the context of his speech, it'll realize the extent of the lies/smears against him. He's terrific at leading people to the conclusion he wants you to reach by providing examples and extrapolating to the big picture... and he does it humorously. Not humorously like Coulter who is considerably more biting (and who I adore) but softer as he turns the knife on his enemies.

Besides, do you think Limbaugh would sit idly by as the MSM and Democrats (BIRM) tried to tear apart Palin? Limbaugh would eviscerate even the juggernaut that is mainstream media. He's just that good. I've never been the biggest fan of Rush's, but he is solid and that speech was simply outstanding. And necessary.

The GOP needs to listen to Limbaugh. The Right knows it. The Left knows it. The Left fears it which is why they'll continue going after him to try and isolate, target, and discredit him. It's an Alinsky tactic Democrats and the MSM (BIRM) will collude to employ.

Posted by: AnonymousDrivel at March 01, 2009 05:40 AM (swuwV)

89 I'm hoping for one solid bear market rally and then I will re assess my positions.  Problem is, a lot of people are so shocked that they have left their IRA's and 401k's in the market figuring it will eventually come back.  These same people are stating to say they went into the market when President Bush started talking about having your retirement money invested in the market.  I'm beginning to think that a lot of people, even seemingly well educated ones, don't know how to analyze and think critically.  The market hasn't experiencef the fear factor and mass exit form the market that will signal the bottom (according to some of the "experts" they've had on CNBC.

Posted by: silly at March 01, 2009 05:44 AM (zplc6)

90 AnonymousDrivel. I am truly an independent.  What I took from Rush's speech is that the Conservative may exlipse the Republican party as the "force to be reckoned with".  The dems may find themselves running against a Conservative party with a base that is "mad as hell and not going to take it anymore".  I think a lot of "regular people" are seeing the republican party as an etension of the dems.  It was interesting to see the Conservatives with their quiet closet followers step up to the plate.

Posted by: silly at March 01, 2009 05:49 AM (zplc6)

91 "...The market hasn't experienced the fear factor and mass exit form the market that will signal the bottom (according to some of the "experts" they've had on CNBC.)"

Normally, after the drops we've seen since Obama took office, many investors would be jumping in about now under the premise of a "buying opportunity." While the bulk would be panicking and dumping out of fear over greed, the savvy guys would be buying on the cheap and make good money on the upswing.

We're in a dramatically different scenario now, though. The administration is stoking the panic. It's setting tax policy that not only punishes those with wealth via taxation, it commits the nation to burdensome regulation and redistribution. It demonizes the very institutions that provide the jobs and cash flow to keep a population productive... and employed. The economic engine is being sabotaged with cheap demagoguery and the borrowing of historically vast sums of money that this country, assuming it can be productive in a socialistic environment, must pay back at very high costs. Our children's children will still be paying for this. In essence some of their freedom is being removed today to subsidize a government expansion.

How does a market, one based on capitalism, behave under these new parameters? I don't believe we have anyone alive today who has seen anything like this before. Why would anyone enter the market now with any confidence that this is a low and a rebound is coming? Administration policy, or at least the feelers and legislation we're seeing from Team Obama, indicate that capitalism has a giant target on it and government will increase its control of the collective pursestrings.

We are nowhere near the bottom even if Team Obama starts talking it up. A) We know his words are meaningless if not actual lies, and B) the policies we see being formulated are not conducive to productivity either philosophically or tangibly.

Posted by: AnonymousDrivel at March 01, 2009 06:07 AM (swuwV)

92 blankminde, don't click on links when I'm working but generally whenever I see some crazy theory and you seem to indicate that the stuff is crazy, I wonder if someone isn't floating an idea to test out a future book or screenplay.

Posted by: silly at March 01, 2009 06:07 AM (zplc6)

93 Who is that guy on meet the press claiming to be a conservative?  Even I can see he is not a true conservative.

Posted by: silly at March 01, 2009 06:19 AM (zplc6)

94 silly (March 01, 2009 10:49 AM),

You may be right. Actually, I kinda hope you're right. CPAC hasn't carried that much weight in recent years. I'm not so sure it ever did, but I haven't been that political for very long.

But yes, the environment has changed. Compassionate conservatism has been a political failure. It has contributed to government bloat and paved the way for losses to liberals and expanded spending/control. It's now out of control. Acutely out of control. Enough out of control for people to worry what is going on.

This could be good. Instead of a slow boil of the frog, Team Obama may actually singe it. This will stimulate action. It is stimulating action. Will it be enough and in time? I dunno. But enough of the nation is waking up to at least look at conservatism instead of the GOP. If trends continue, the GOP will have to adapt or die. If it moves left, it's dead. The nation as we know it will be too. Could it swing back? Look back in history and see how many nations do - at least the ones that go socialist, whatever the manifestation. Hell, look at Europe today. Democracies sure, but socialists.

I honestly don't know how far left our nation has moved. The fact that Obama/Pelosi/Reid are at the helm is shocking to me, an indictment both of the mental capacity of our constituency and the philosophical laziness from the GOP. Hopefully CPAC can save the Right because I don't have faith that the GOP will. See Specter, Collins, Snowe, et al.

Posted by: AnonymousDrivel at March 01, 2009 06:22 AM (swuwV)

95 Well, this CPAC meeting was impressive.  So much so that we are seeing articles like the one in playboy attempting to discredit Santelli and the tea party movement.

Posted by: silly at March 01, 2009 06:37 AM (zplc6)

96 http://www.riehlworldview.com/  Didn't realize that Gordon Brown was going to address  congress.

Posted by: silly at March 01, 2009 06:51 AM (zplc6)

97

The temperature outside has been dropping steady since I got up this morning and it is raining. We are going to get another dose of Al Gorming today and tonight. The normal high here for this time of year is 63°F. We have already had our high for today at 39°F.

 

But the Vomit can spend a trillion dollars on global warming and shutdown industry right and left.

Posted by: Vic at March 01, 2009 07:05 AM (f6os6)

98
@91 AnonymousDrivel

I think you hit the nail on the head about the lies. 

On the one hand, we have what's left of the 52% who treat ambiguity as a projection screen for their own hopes and dreams.

On the other hand, we have people grounded enough in reality to know that an unabashed liar like Teleprompter Jesus is completely unpredictable and can be trusted only to bring uncertainty.

Hence the market decline.

@94

As for "singeing the frog," I expect the overreach because of the perfect storm of incompetence, ignorance, and arrogance rising in the left.  The extent of this overreach is going to determine whether we correct this at the ballot box in 2010 with votes or in the streets with blood.  Hope for the best, but prepare for the worst--I'll leave it to others to decide for themselves which one is which.

Posted by: MikeO at March 01, 2009 07:07 AM (4sSHg)

99 Vic, the Weather Channel has someone in Birmingham Alabama and it looks like a picture postcard snow storm.  Only apparently they haven't had snow like this for 9 years.  Also, someone just reported from DC on one of the cable channels and snow was falling on the reporter. And, drudge is reporting that there is a global warming protest there today.  this is so funny, every time they protest global warming it seems to be really cold or snowy.

Posted by: silly at March 01, 2009 07:10 AM (zplc6)

100 Vic: "But the Vomit can spend a trillion dollars on global warming and shutdown industry right and left."

While that's certainly the main domain of the Left, what's Gingrich's, for example, latest views on this? I have to look at him askance from now on because of his commercials with Pelosi in favor of addressing "global climate change." Is he off that bandwagon now seeing the folly of it, or is he still pandering to the "middle" as a political angle?

I can't keep up with these cap/trade/carbon-credit schemers.

Posted by: AnonymousDrivel at March 01, 2009 07:13 AM (swuwV)

101 Vic, did you see "meet the Press"?   I only caught a couple seconds but enough to see Harold Ford Junior saying that over 60% are positive about the budget so the country must realize that it needs to go in a different direction.   The "conservative" almost agrerd with him and you could see the smoke coming out of Joe Scarborough's ears.  I smell another run in Scarborough's future as he seems to be gravitating back to a more conservative stance.   In the last ocuple of years he has almost been insufferable to watch.

Posted by: silly at March 01, 2009 07:15 AM (zplc6)

102 "Normally, after the drops we've seen since Obama took office, many investors would be jumping in about now under the premise of a "buying opportunity."" NOBODY is going to jump in and buy when they don't know what Pelosi, Reid and The Great and Powerful Ob will interfere with next...

Posted by: richard mcenroe at March 01, 2009 07:17 AM (aZbxf)

103 "As for "singeing the frog," I expect the overreach because of the perfect storm of incompetence, ignorance, and arrogance rising in the left.  The extent of this overreach is going to determine whether we correct this at the ballot box in 2010 with votes or in the streets with blood.  Hope for the best, but prepare for the worst--I'll leave it to others to decide for themselves which one is which.

Posted by: MikeO at March 01, 2009 12:07 PM (4sSHg)"

When I turned off "Meet the Press" Scarborough was saying that so much damage might be done to the country by 2010 that it make take years to fix it.  


Posted by: silly at March 01, 2009 07:19 AM (zplc6)

104

I quit watching Meet The Press and all the other liars on TV. Even Fox has got to be nothing but a kiss OBama’s ass new. They never have a real conservative on their shows anymore. Sometimes they have AC so they can try to make fun of her but that is only when she has a new book out.

Posted by: Vic at March 01, 2009 07:29 AM (f6os6)

105 O/T:  Does anyone watch the "home and graden shows"?  They used to tout flipping and renovating and flipping and it was a big thing for them.  Now, with shows like "My House is Worth What?" they seem to be finally reflecting what is going on in real estate.  We always laugh at the title since before the downturn people were getting this good news, shocking figures, plenty of profit.  Now, the new shows reflect the real estate downturn and things have shifted to phrases like "well, in this market you would be lucky to get".   Very funny.

Posted by: silly at March 01, 2009 07:29 AM (zplc6)

106
@103 silly

When I turned off "Meet the Press" Scarborough was saying that so much damage might be done to the country by 2010 that it make take years to fix it. 

That's exactly why I said that I will leave it to others to determine which response to the overreach is "best" and which is "worst."

The lasting damage is from the laws that don't sunset and that the GOP is unwilling to expend the political capital in an attempt to overturn.

In my "best" scenario the laws are easily overturned because any remaining political opposition know that if they don't STFU, they've seen their last sunrise.

Posted by: MikeO at March 01, 2009 07:35 AM (4sSHg)

107 MikeO and "uncertainty" WRT markets:

That right there is the key word. Well, maybe "certainty with what capitalists see as a hostile environment" fits in somewhere, too. Uncertainty would lead to short-term volatility. The latter leads to longer-term abandonment -- possibly permanent if another country's markets and tax policy loosens.


richard mcenroe: "NOBODY is going to jump in and buy when they don't know what Pelosi, Reid and The Great and Powerful Ob will interfere with next..."

No doubt. Plus, when inflation kicks in several quarters from now after all that government cash starts flowing, the liquidity pulled out and sitting on the sidelines now will become less valuable. Who wants to wait that long to guess if/when more receptive tax policy is employed? How much of what is "cash" sitting out now will return to U.S. markets? Everyone just got burned and their equity collapsed. Will those who still have a shirt on their back wait, or will they look to move their positions to overseas markets instead?

Sure, it's a global recession and maybe we're "best" of a bad lot, but confidence in the U.S. engine has assuredly dropped. Capitalists will be shopping elsewhere. Maybe not buying, but shopping nonetheless. "We" have really fucked things up, and by "we," I mostly mean Congress. And by "Congress," I mostly mean Democrats in Congress. Obama is just exacerbating it.

Posted by: AnonymousDrivel at March 01, 2009 07:38 AM (swuwV)

108

Does anyone watch the "home and graden shows?

 

I used to like watching all the home repair and renovation shows but they moved them to the DYI channel which I don’t get. I always thought all those shows like “Flip This House” were phony as hell anyway.

 

From what I have seen in the areas that had the big housing drop the prices still have not come down to what they should be. The last time I checked the houses in my old neighborhood in Castro Valley, CA were going for over $500/sq ft. That is ridiculous as they have priced themselves right out of the market for the average person.  

Posted by: Vic at March 01, 2009 07:39 AM (f6os6)

109
@105 silly RE: "Flip this House," et al

One of the few upsides to this crisis has been the loss of the market for those dumbass, lightly disguised reality shows.  Those shows had already wrecked HGTV and were creeping-in to destroy DIY Network.

Posted by: MikeO at March 01, 2009 07:40 AM (4sSHg)

110 Yep, now they are subtly "trying to tout going green" but I think that doesn't speak to their audience.  There are some states where the prices really haven't gone down as in other states.  Was reading an article in the times which I posted somewhere last night wherein they indicated that people in the Manhattan real estate market are walking away from million dolalr plus deposits and leaving them with developers.   When I read that it made me realize that the market in Manhattan hasn't experienced the crash yet.   But, in reading sites like dealbreaker and above the law you can see that a lot of high powered people who are very highly paid are now out of jobs so one would assume that the housing market in Manhattan will soon experience an adjustment of sorts.  I think rush pointed out in his speech something about NY having 8 million people supported by like 40 thousand.  So that makes you understand why the mayor of NYC and the governor of NY are panicing.   If these people are fired and they sell their homes and they leave NY then NY will lose its tax base.  In the meantime a college friend who lives there tells me that the unions (healthcare workers and teachers) have some scare tactic commercials out indicating schools will suffer and hospital will close.   My friend is thinking of moving out of NY and we were all having a discussion as to whether or not "the coming storm" as she calls it, can be ridden out or if NYC and NY state are a done deal.

Posted by: silly at March 01, 2009 07:50 AM (zplc6)

111 "106
@103 silly

When I turned off "Meet the Press" Scarborough was saying that so much damage might be done to the country by 2010 that it make take years to fix it. 

That's exactly why I said that I will leave it to others to determine which response to the overreach is "best" and which is "worst."

The lasting damage is from the laws that don't sunset and that the GOP is unwilling to expend the political capital in an attempt to overturn.

In my "best" scenario the laws are easily overturned because any remaining political opposition know that if they don't STFU, they've seen their last sunrise.

Posted by: MikeO at March 01, 2009 12:35 PM (4sSHg)"

Sometimes I wonder when they are sitting there with their laptops if they aren't reading some sites and taking a lot of ideas from bloggers and their commenters.

Posted by: silly at March 01, 2009 07:54 AM (zplc6)

112
@107 AnonymousDrivel

My take--although I haven't gone whole-hog yet--is that I'll be buying toys (guns, ammo, probably a new truck, some other things I did without for a while) with a wait-and-see approach to next year's tax code. 

As an independent consultant with a part-time federal government gig (don't ask), I can head to Galt's Gulch at the drop of a hat. 

If I'm making just enough to feed, clothe, and house me and mine, there isn't going to be anything going into any markets.

Posted by: MikeO at March 01, 2009 08:00 AM (4sSHg)

113 MikeO: "If I'm making just enough to feed, clothe, and house me and mine, there isn't going to be anything going into any markets."

I think there's going to be a lot of that going on here. The basics and nothing more. Hello economic malaise. Obama's projections for growth in GDP, we already know, are inflated. Well, maybe if he can kill productivity fast enough and severely enough, the projections come out right. I mean, the lower one can sink productivity, the easier it is to increase it by a relatively higher percentage when it, eventually, rebounds.

Posted by: AnonymousDrivel at March 01, 2009 08:14 AM (swuwV)

114 I'm tired of all these blue state whiners.  They need to stop whining and start packing.   Those states are like a toilet that's just been flushed.  If you don't get out quick you're going down with the rest of the crap.

Posted by: Purple Avenger at March 01, 2009 08:18 AM (Ygf78)

115

The price of housing where I am at here in SC did not drop greatly but it didn’t increase greatly back during the boom either.  As for price of housing in Manhattan that is a different kind of market from the rest of the country. It is going to be high for those who are trying to buy in all the time because of rent control.  Rent control keeps the price of housing elevated above normal.

 

The same thing happens in the yuppie communities where the eco-idiots get them to pass these “green zone” laws. That artificially elevates the price of housing. What is laughable is when the communists get these kind of laws passed to suck up  to the green lobby they then have to fork over more money to the socialist side of their base because the “urban poor” can’t afford to live there anymore. It all turns into a vicious circle with the poor beleaguered tax payer taking gas.

 

It will last for a few years until it gets to the point that they drive the income producing people and companies away. That is where Michigan is now. And now they want the rest of the country to bail them out. As long as they have communists in charge they will get it as well.

Posted by: Vic at March 01, 2009 08:18 AM (f6os6)

116 Vic, didn't he just nominate the governor of Michigan for some cabinet position?   How does "rent control" work?  I had no idea that you could control rents and then control housing prices.  Seems like a fascinating concept to me.

Posted by: silly at March 01, 2009 08:43 AM (zplc6)

117 But, in reading sites like dealbreaker and above the law you can see that a lot of high powered people who are very highly paid are now out of jobs so one would assume that the housing market in Manhattan will soon experience an adjustment of sorts.

Alphabet City ca. 1975

Alphabet City ca. 2005

"Retrained" Investment Banker ponders his newly redesigned "low environmental impact" Alphabet City digs ca. 2015.

Posted by: Deety at March 01, 2009 08:49 AM (1jglO)

118 How does "rent control" work?

It doesn't work.  All it accomplishes is the creation of slums and abandoned property because landlords can't afford to fix anything.


Posted by: Purple Avenger at March 01, 2009 08:50 AM (Ygf78)

119 Heh.  Funny you should mention rent control while I was posting that silly.  Alphabet City in the 70s & 80s is a pretty good example of the benefits of rent control.

Posted by: Deety at March 01, 2009 08:53 AM (1jglO)

120

Vic, didn't he just nominate the governor of Michigan for some cabinet position?   How does "rent control" work?  I had no idea that you could control rents and then control housing prices. 

 

LOL, lots ‘o questions there.

 

I don’t think he nominated the governor of MI for anything. He did get the governor of AZ for Homeland Security and the mayor of Seattle for something.

 

As for rent control, the theory was that you freeze rent charges at the time the tenants move in. You can only raise rent after they move out and then by only a certain amount. The reality is as was stated above. Since you can not make any money off of renting nobody builds rental property and it becomes scarce. Since the landlords that were in place at the time the law was passed were stuck they essentially do noting to the buildings for upkeep because they can’t afford to. People who are in an apartment NEVER move because to do so would result in a rent increase.

 

Since nobody builds new units the cost of real estate goes through the roof, because no matter how hard they try, the communists haven’t been able to repeal the law of supply and demand yet.  Remember that in NYC when you are talking about housing what you are actually talking about is a condo. Google real estate for Manhattan some time and look at what it cost to rent a 500 sq ft apartment or to buy a 1000 sq ft loft. It will shock you. Once you see what it costs in the city pick any other city at random that does not have rent control (most) and does not have green space laws and compare costs.

Posted by: Vic at March 01, 2009 09:08 AM (f6os6)

121 BTW, it will be difficult to find a rental property for prices. They are scarcer than hen's teeth.

Posted by: Vic at March 01, 2009 09:13 AM (f6os6)

122 Hazlitt added a new chapter on rent control to his Economics in One Lesson in 1961.

The housing situation will deteriorate in other ways. Most important, unless the appropriate rent increases are allowed, landlords will not trouble to remodel apartments or make other improvements in them. In fact, where rent control is particularly unrealistic or oppressive, landlords will not even keep rented houses or apartments in tolerable repair. Not only will they have no economic incentive to do so; they may not even have the funds. The rent-control laws, among their other effects, create ill feeling between landlords who are forced to take minimum returns or even losses, and tenants who resent the landlord’s failure to make adequate repairs. . . .When these consequences are so clear that they become glaring, there is of course no acknowledgment on the part of the imposers of rent control that they have blundered. Instead, they denounce the capitalist system. They contend that private enterprise has “failed” again; that “private enterprise cannot do the job.” Therefore, they argue, the State must step in and itself build low-rent housing.

This has been the almost universal result in every country that was involved in World War II or imposed rent control in an effort to offset monetary inflation.



Posted by: Deety at March 01, 2009 09:21 AM (1jglO)

123

I have just found that the rent control laws in NYC have undergone massive changes since I was in NY last.

Looks like they had a big reform in 1993 that allows new construction to be "not controlled" so maybe the things have eased up.

We need someone from NY to chime in.

Posted by: Vic at March 01, 2009 09:25 AM (f6os6)

124 This is an amazing education.  Thanks to you all. 

Posted by: silly at March 01, 2009 09:28 AM (zplc6)

125 Vic,
See Alphabet City ca. 2005 above for an illustration of the 1993 reforms.  I only saw Alphabet City in 1990 before the reforms while I was attending school in NYC for a year. 

Why did I leave NYU?  I seem to remember douchebag protesters outside my dorm incoherently mewling about the first Iraq war. That and the required freshman comp. class where the only assignments involved "expressing ourselves" by slapping ACT UP stickers on light posts around the Village.

Posted by: Deety at March 01, 2009 09:40 AM (1jglO)

126

It looks like with the reforms alphabet city has blown up with prices going between 750 to 1200 per sq ft.

I suspect that if all of the city did that the prices would initially go up, but then come back down to a more realistic level.

Right now, it is hard to determine what the real price of real estate in the city should be. The government has had its fingers in the pie for too long.

Posted by: Vic at March 01, 2009 09:58 AM (f6os6)

127 hard to determine what the real price of real estate in the city should be.

They should pay you to live there.  I can't count the number of contract gig offers I had in Manhattan.  I turned every one down.   Closest I ever went was Parsipany(sp?) NJ and that was plenty close enough.

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