1 hi Andy this poat sux

2 Unleash the Vic

3 Even Mika said it was a good speech.

4 http://tinyurl.com/9paq4sj

Say it ain't so Scranton Joe....

City workers in Scranton, Pa., who earlier this summer saw their salaries temporarily slashed to minimum wage, will be crossing their fingers on payday this week.

If an emergency loan to the city doesn't go through, neither will the workers' paychecks.

"We only know what the public knows, what's in the news," said a Department of Public Works employee who asked not to be named.

Yeah DONK POWER!

5 Everything is free, but US was probably the greatest line of any speech in recent memory!

Reganesque!

6 http://tinyurl.com/8of8udn

Aurora Shooter's Shrink/Psycho relationship under an inquiry...

DENVER –  If James Holmes pleads not guilty by reason of insanity, prosecutors wanting to prove that he methodically carried out a deadly Colorado movie theater shooting have a difficult task before them: They must prove he is sane.

Unlike other states where the defense needs to prove insanity, prosecutors in Colorado are the ones who have to show that a defendant is sane -- all without the ability of having their own experts examine Holmes.

Colorado's framework regarding insanity is "interesting".

7 Great speech!! Even I (who have been immune to the "Hey Girl" stuff) thought that Paul Ryan was a nice looking man with those blue eyes and dark hair. I also appreciated the respect he has for his mom going back to school and starting a business . Don't give that bs about the Republican Party being anti woman.

8 Yes.  Everything is free but us.  One of the best lines I've ever heard.

9 CHICAGO – The Chicago Teachers Union issued a 10-day strike notice Wednesday, saying teachers in the nation's third-largest school district are ready to walk off the job for the first time in 25 years. Union President Karen Lewis said contract talks with the Chicago Board of Education, which have been under way since November, have not yet touched on some issues that teachers are most concerned about, including wages. She said job security and teacher evaluations also are issues. Donk Power! You guys go right on ahead and do that, hey guess what your timing is awesome. Gonna be real good optics for Rahmbo Emmanuelle to be strike busting with President Wam-ba-Lam's convention bounce in recent memory if he even gets one. Keep up the good work Second City....go have a few mass murders.

10 http://tinyurl.com/d5lw5wd

A former employee of Bell, Calif., which made headlines for paying enormous salaries to a slew of officials who now face criminal charges, is suing the city for $837,000 in unused vacation and sick time.

Eric Eggena, who was director of general services in the small Los Angeles suburb, was paid as much as $421,000 a year in total compensation after starting at just $90,000 in 2002, according to the Los Angeles Times. Although he was not among the eight city officials who were arrested in a criminal probe, he was fired when the scandal broke.

Bell California, and another game of "Name That Party"....

suck irrational exuberance at paying "city administrators" aka "new aristocracy" makes perfect sense....

DoJ should do a hard audit and fraud investigation against every city that is tits up....

11

from Ann Althouse:

Ryan did a brilliant job. It was much more than a fine speech and an excellent delivery. He embodied that speech. We saw a brilliant candidate.

12 Chicago is the next Detroit.

13 >> Everything is free, but US was probably the greatest line of any speech in recent memory!

Pure awesome.

14

@10.  DOJ should do a hard audit and fraud investigation against every city that is tits up.........

Bwahahaha! 

15 http://tinyurl.com/c83gzez

Helicopter Ben Bukakke Staying as Transparent as Mud in Jackson Hole.

The only tool Helicopter Ben has is his hammer so you know there's a dropped sickle nearby.

16 14 Case,

Our Doj old boy..."our DoJ"....

17 Colorado's framework regarding insanity is "interesting".

Posted by: sven10077 at August 30, 2012 06:42 AM (LRFds)

 

 

 

    That's pretty retarded.

 

 

 

   That said, insanity should be irrelevant.  If commit a horrible crime, you should be put down.  Either because you're evil, or because you're the human version of Old Yeller at the end of the film.

18 Anyone else seen the BJ Clinton ad where he claims " Republicans want to lower taxes and less regulations"? I thought it was a joke at first. He tries to sell that as a bad thing. I think secretly he too wants the SCOAMF out of office.

19 17 reactionary,

I am inclined to agree, or at a minimum lifetime "treatment".  Colorado may get some unwanted notoriety and become the mass murder playground for nutballs without a few changes.  That framework floored me.

20 18 Dogfish,

Clinton is not a hard read.  If he has invested in energy companies gearing up for shale expansion he is betting on a SCOAMF loss.  Bush was too kind to go after Global Crossing, I hope Mitt learned the right lesson from the failure of Bush's magnanimity.

21 Dogfish, is that the same one where he says something like "Obama has a plan to get the country moving again"?

I heard that and thought, "what the hell is he waiting for?"

22 Everything is free, but US was probably the greatest line of any speech in recent memory!

I really liked that line.  

Some drive-by troll on Twitter replied me to tweeting that line that "wow, considering the USA's history of actual slavery, that's an incredibly ignorant sound bite."

It was so fucking obvious he was talking about Fascsim (and Faceless Julia, who gets everything free but isn't allowed to have a mammogram before 50), not to mention slavery was ended 150 years ago (Republicans had some part in that...). 

But no one ever went broke underestimating the stupidity of the American public.  Hell, it made SCOAMF a multimillionaire.

23 In regards to the guy suing for vacation pay, it's the typical scam all of these union thugs have built into every contract.

They get RIDICULOUS amounts of vacation and PTO that they will never use up in a year so they 'bank' them for YEARS!

So at the end when they retire they usually have up to a year of vacation time that gets paid out or added to their pension payout. We're talking hundreds of thousands of dollars potentially as you can see what this guy is suing for.

Now multiply that by the thousands.

It's all a racket.

Basically these unions are organized crime syndicates who straight up steal from the taxpayers with the blessings of the political class.

24 Hope Tropical Storm Kirk doesn't take a hard left.  It could make things very messy in North Carolina.  Dema are thanking glob that Kirk is tracking up the middle of the Atlantic.

25 Helicopter Ben Bukakke Staying as Transparent as Mud in Jackson Hole.

The only tool Helicopter Ben has is his hammer so you know there's a dropped sickle nearby.

Posted by: sven10077 at August 30, 2012 06:56 AM (LRFds)

 

 

 

   Two questions.  1.  Do you really want every dunder head out there second guessing the Fed?  Not me.  2.  What do you want the Fed to do at this point?  The Fed cannot stop Congress from overspending.

 

 

   B.B. is not doing such a horrible job, given the hand he's been dealt.  QE is an asset swap, and once liquidity is adequately restored via eventual economic recovery (if it ever happens) that asset swap can be reversed and the liquidity thus created sucked back out of the system.  As for debt monetization, again - what choice is there?  None.  In terms of economic policy, the Fed is, in my view, the only organ of the state that is actually trying to at least mitigate the misery.  There has not been a single useful economic policy change in the last decade, except the Bush tax cuts.  

26 17 -

Careful  there dude, there are times when you start to sound a bit like Old Yeller. 

27 suing the city for $837,000 in unused vacation and sick time

Good luck with that bucko.  He'll be lucky to escape with his life.

28 An attack on a rabbi walking with his young daughter through a leafy district of Berlin Tuesday has drawn quick condemnation from local officials and the Jewish community. The perpetrators remain at large.

http://t.co/vRpKeyi6

The perps are "of Arab descent." Keine Ãœberraschung.

29 Posted by: dogfish at August 30, 2012 07:04 AM

That one has been getting some play here in the NE, alternating with the Angry Wimmins Against teh Eeeeeeevil H8r Rmoney, ('cause he doesn't want to pay for their birth control, or something). This shit is even hitting the low-rent cable networks, so I'm spending less and less time in front of the teevee.

Not a bad thing, actually.

I'm still waiting for our side to unleash the Big Guns, but it's not happening. I suppose it's too much to ask that we make at least some feeble attempts to counter the incessant barrage of lying bullshit from the leftoids.

Even the Pundits of teh Interwebz are going all soft and squishy. It seems everyone is followings the "Poppin' Fresh" Rules of Fairness. Strange, as some people got really upset at Weiner-wagging not all that long ago. Lies and flat-out treason, not so much.

30 <Dogfish, is that the same one where he says something like "Obama has a plan to get the country moving again"?

I heard that and thought, "what the hell is he waiting for?">

Posted by: Andy at August 30, 2012 07:07 AM (OZPoa)

 

-------------------------

 

You have to reelect him to find out what's in the plan. 

31 B.B. is not doing such a horrible job, given the hand he's been dealt. QE is an asset swap, and once liquidity is adequately restored via eventual economic recovery (if it ever happens) that asset swap can bereversed and the liquidity thus created sucked back out of the system. As for debt monetization, again - what choice is there? None.In terms of economic policy, theFed is, in my view, the only organ of the state that is actually trying to at least mitigatethe misery. There has not been a singleuseful economic policy change in the last decade, except the Bush tax cuts.

History shows that putting QE is reverse works in theory, but doesn't happen to well in the real world.  Timing wasn't correct and teh result was hyperinflation.  But this economic gang will do better than all of the other economic gangs in the past.

32 Heard on sports talk radio yesterday (paraphrased and condensed):

That Chris Christie guy sure is fat.  Could a fat guy be President?  No, Taft was fat, but that was 100 years ago, before tv.  Obviously he's planning on running in 2016.  Just you watch, for the 2013 convention he'll have dropped about 100 pounds. 

33 I'd setup stings in Berlin.  Send cops out dressed like rabbis, with snipers hiding in the bushes.  When the attack starts, send every one of the perps to the morgue.

Do that a few times, the attacks will stop pretty quick.

34 Brits came up with a new  money making  idea called an EMERGENCY wealth tax.

35 Careful there dude, there are times when you start to sound a bit like Old Yeller.

Posted by: BurtTC at August 30, 2012 07:11 AM (BeSEI)

 

 

 

Meh.  There's more to life than just staying alive.  And if things get so bad that I eventually get to the point of snapping, and take matters into my own hands in an unlawful fashion, it will be reasonable to expect that the SWAT team will do what they gotta do.  At that point it will be a mercy.

 

 

Anyway, I never do understand all this love and concern my fellow Rightists have for the damn Stalinists and Jihadis in our midst.  It's laudable to love your enemies on a personal level, but when it comes to state policy, to being a citizen and exercising political power, it's another ballgame entirely.  This limp-wrist approach to everything, this undue worry and fretting - making sure our enemies are coddled and handled with care - it's why we're losing, and why those of you with children have really done nothing more than to create slaves for the State and for the welfare class.  We're letting them roll us.  Some criticize the Jews who went meekly into the camps to die - but I see now how that must have played out.  It's just how it would happen here, to most of our kind.

36 25 Reactionary,

Bukkake is selling a perpetual motion machine.  His policy is only protected from being cast as what it is by "removing food and fuel from the inflationary consideration".  Helicopter Ben can very easily make a case to the enviro wackos to back the hell away from strangling resource exploitation here in the US.

The ONLY way to stabilize the international economy is to get the hell out of the way and allow REAL GROWTH out of the mess.  The Helicopter Ben school of economics is a big part of the problem since he is trying to exert pressure through an artificially lowered prime rate on an already credit fucked hellhole of an economy.  If he wants to get his Weimar on just come out and say so.

This money for nothing economy is bullshit.

37 Obama has a plan to get the country moving again

Plan 9 From Outer Space -- it involves zombie vampire aliens

38 34 UWP,

Yeah "emergencies" like the Income Tax tend to stay around...

39 Timing wasn't correct and teh result was hyperinflation. But this economic gang will do better than all of the other economic gangs in the past.

Posted by: John P. Squibob at August 30, 2012 07:15 AM (O7zHW)

 

 

 

Hyperinflation, or simply high inflation?  An example of what you mean would be helpful.  All hyperinflationary events this century that I am aware of have resulted from having civil strife and/or debt denominated in foreign currency.  A period of "high" inflation is not insurmountable, and we had way worse inflation than now in the 80's and we were fine. 

40 Here is a link to the ad: http://youtu.be/9xsZ45Weng0 Here is the exact quote: "The Republican plan is to cut more taxes on upper-income people and go back to deregulation. That's what got us in trouble in the first place."

41 22 HR,

Read Jonah Goldberg's Smiley Face Fascism....

these people are 85% of the way there to the bargains they need to cut to be real monsters...

42 @25 Meanwhile gas and groceries are going up up up. Nice that neither is used in the inflation calculation. QE makes the markets go up because dollars become worth less. Zero net gain but the stupid people think its a wonderment. Fucking Magic! QE does fuckall except move us down the road to Zimbabwe.

43 ...the NFL didn't reschedule tonight's games to accommodate Mitt?  WTF.

44 39 Reactionary,

That's because we had true growth as opposed to this stagflation we are addicted to because of "AGW angst"...

45 EMERGENCY wealth tax

We're from the king and we're here to take all your shit.  Wasn't there some screwy old document signed hundreds of years ago that was supposed to eliminate the arbitrary whims of kings?  Magna..something or other.

46 43 HR,

Only one side needs "respected" dear girl...

47 45 PA,

Yeah well I am pretty certain a lot of folks will do their best to make that document in laminated card form a death card for some other folk.

48 "I'd setup stings in Berlin. Send cops out dressed like rabbis, with snipers hiding in the bushes. When the attack starts, send every one of the perps to the morgue.

Do that a few times, the attacks will stop pretty quick."

Posted by: @PurpAv at August 30, 2012 07:17 AM (Pbwe7)

 

---------------------------

 

Your plan makes sense.  Berlin police are more likely busily rousting every ethnic German neonazi within 100 miles of Berlin.

49 Dems  on FB are circulating some photo of a 90 year old veteran trying to stand up to shake the presidents hand. I suggested he was probably trying to get out his ID as its a requirement to shaking the presidents hand. Now I stand accused of not respecting the president.

50 Anyone else seen the BJ Clinton ad where he claims " Republicans want to lower taxes and less regulations"? I thought it was a joke at first. He tries to sell that as a bad thing. I think secretly he too wants the SCOAMF out of office.

Posted by: dogfish at August 30, 2012 07:04 AM (N2yhW)

Keep believing that Slick is *really* on our side.  That's the stupidest fucking shit I've ever heard.  That fucking predator is nothing but a donk operative through and through and would sell you into serfdom without thinking twice.

51 Sears booted from the S&P 500. Huntsman on Squawk Box. I told you, romney will look at everyone. He'll know their strengths intuitively and use them to their best ability.

52 49 UWP,

Yeah well I could not care less that President Auto Sign has old timers' who respect the office still.

My grandparents generation was raised to respect the office, I decided to treat the office holders' with the respect they treated their opponents.

53 Well running that ad in TX is doing nothing but signing up more for the Republicans ...irrespective of The BJs preference.

54 50 Captain Hate,

Clinton is for Clinton.  He also is a long con democrat not a quick buck artist.  He'll take his graft but he is not an idealist at all he is simple grinding crushing greed.

If the Clintonistas go into "save the ship" mode they'll take CBS and ABC with them and the long con fascists will help bury Barry.

55 The issue that seems to be totally un-mentionable over the last few years is certificate of deposit interest rates.  Savers who have depended on a modest return on these investments have seen those returns totally dry up.  Yet, not a mention of this anywhere that I have heard.  Savers are being punished severely by the artificially low interest rates. 

56 Keep believing that Slick is *really* on our side. That's the stupidest fucking shit I've ever heard. That fucking predator is nothing but a donk operative through and through and would sell you into serfdom without thinking twice.
Posted by: Captain Hate (dagny solidarity) at August 30, 2012 07:24 AM

Finally, someone talks sense! All this "Bubba hates Bark" shit is just that -- shit.

Clinton is only in the game for Clinton. Sure, if he thought he could get something more for himself, he'd throw Choom Boy over the side, but he'd do that to Hitlery as well, if there was some advantage for him.

One thing Clinton does know is what side his bread is buttered on. He's looking far beyond Obama, and seeing that his place in history is with the Democrats.

57 Read Jonah Goldberg's Smiley Face Fascism....

I have three copies....one to loan (no one ever wants to borrow it), one signed, and one all marked up.

I don't understand how anyone can believe that "people dead generations before I was born did something bad" equals "I must submit to totalitarianism", but I think we've already established I'm not normal.

Heard on sports talk radio yesterday

The fuck does that have to do with sports?

58 My view of clinton is that he was the guy who set up the dominoes.

59 ...the NFL didn't reschedule tonight's games to accommodate Mitt? WTF.

Posted by: HeatherRadish™ at August 30, 2012 07:21 AM (hO8IJ)

Please don't tell me you're surprised that pussyboy Roger Goodell is a partisan cockwipe.  He was 100% against Rush gaining partial ownership of a team.

60 Do that a few times, the attacks will stop pretty quick. Posted by: @PurpAv at August 30, 2012 07:17 AM (Pbwe7) Then the "arabs" will whine and claim victimhood status once again, and Germany will "change" once again in the name of tolerance. Europeans are as predictable as they are pussies.

61 Huntsman on Squawk Box.

I told you, romney will look at everyone. He'll know their strengths intuitively and use them to their best ability.

Posted by: cynder ella at August 30, 2012 07:27 AM (oZfic)

No cupcake, you told us that Huntsman would be the nominee.

62 57 HR,

Nice, I give away books.  You never loan them is what I was told.  State of Fear was my last 30+ copy purchase.

Submission to evil is the refuge of the weak.

63

RE: The BJ Clinton ad for Obama

 

I don't think Bill J likes Obama or gives a shit about him. But I think he wants to get back in the White House via his wife. Hillary is obviously the favorite for the 2016 Dem nomination no matter what happens this year. Naturally, she would rather face a candidate who is not the incumbent President, because incumbents tend to win.

 

If it weren't for that dynamic, I suspect Bill would tell Obama to go fuck himself. Though Bill does like the adoration of crowds and the opportunity to remind people what a superawesome Pres he was.

64 55 Havedash,

Exactly.  Bukkake is a capitalist like I'm a Marxist.  There is an inherent evil in the Fed making it worthless to save, but the banks being allowed an 8+% profit margin on THEIR lending.....

the prime rate must be freed.

65 Who here is for having Paul Ryan being tonight's mystery speaker?

66 No cupcake, you told us that Huntsman would be the nominee. Posted by: Tami at August 30, 2012 07:33 AM (X6akg) really? I don't recall ever telling you all who I thought the nominee would be. But you go ahead and spend you morning searching for that quote of mine as you are wont to do. I do recall defending ryan a lot over the last two years though.

67 65 CS,

Ryan could have spoke for an hour or more and it would not have gotten old.  Gen X will guide the nation back towards Reagan if we let it.  This coming fight on shale and the debt has been the fight of my life, the "class of '72-'77" was told in the crib shale was our future.

Time to get the country back to work.

68 Gov. Martinez had to speak between Condi Rice and Paul Ryan and hold her own--and she did. I was amazed (because I never heard her speak before).

Too bad Rice and Martinez are not real minorities and real women--you know, 'cause they're Republican and stuff.

69 I think Clint is going to be the introductory speaker for hologram Reagan and hologram Reagan is going to pass the torch to Romney!


THAT WOULD BE EPIC!!

70 Exactly. Bukkake is a capitalist like I'm a Marxist. There is an inherent evil in the Fed making it worthless to save, but the banks being allowed an 8+% profit margin on THEIR lending.....

the prime rate must be freed.

Posted by: sven10077 at August 30, 2012 07:35 AM (LRFds)

 

 

SOBs one and all.  I have to believe that seniors are largely affected by near zero CD interest rates.  That should make this a huge political talking point.  I'm just surprised that this topic seems to never get talked about...by anyone.

71 Please don't tell me you're surprised that pussyboy Roger Goodell is a partisan cockwipe.

Surprised, no.  Bitching, yes.

Who here is for having Paul Ryan being tonight's mystery speaker?

I still want Morbo. 
http://www.youtube.com/watch?v=Qd0cMzRhxJQ

There's also a rumor on Twitter that Tim Tebow will make an appearance; he's not playing tonight.

72

"...President Auto Sign..."

Posted by: sven10077 at August 30, 2012 07:27 AM (LRFds)

----------------

 

If TOTUS hooked up with the Auto-Sign and turned on its Text to Voice feature, Barry would never have to leave the golf course.

 

Yet, "Romney is Robotic".  I guess the alliteration plays well in focus groups. 

 

73 I think Martinez would have been a great VP pick, save that picking a 2-year female gov would have been too reminiscent of Palin.

74 Not as inspirational as a Reagan speech (no one's is) but otherwise Ryan's was as good as any speech I've ever heard. Far more than just soaring rhetoric and red meat. How f'ed up do the Dims have to be to consider him an extremist?

75 Mystery speaker? Joseph Smith?

76 @73

I think Ryan is the best VP pick EVER!

Could you imagine the white faced fear the Donks are feeling at the prospect of facing him for 16 years!!!!

77 Morning all. Clint's the surprise speaker? Yawn, but what the hell

78 Morbo would make a great WH PressSec.  "Your question is foolish and inconsequential.  I will destroy you."

79 If you are thinking ryan is the mystery guest...maybe mrs. ryan? She didn't introduce him in person in the hall. Maybe they'd use her to lay out their tax plan.

80 THAT WOULD BE EPIC!!
Posted by: General Woundwort at August 30, 2012 07:38 AM

Sorry, but that would be "EPIC!" in the same way as Bark Obama's Styrofoam Greek columns were "EPIC!" The only difference would be that the entire DNC -- including ABCDNC, NBCDNC, CBSDNC and CNNDNC -- would be ripping that stunt endlessly until Nov. 7th.

If we have to rely on stunts like that to get the message across, we're in worse shape than I thought.

81 His policy is only protected from being cast as what it is by "removing food and fuel from the inflationary consideration". Well, duh, it isn't as though people need to eat or go anywhere.

82 @80

A man can dream!

You are right though.

83 57 -

Our local sports radio isn't too bad, actually.  The personalities are often entertaining, and they don't just limit their comments to sports.  The thing is though, these guys weren't really being critical of Christie, they refer to themselves as fat guys, they were just noting that a guy that far overweight wouldn't make it  to the top  in our image-conscious society, and I think they were saying he'd otherwise make a good President.

The thing that struck me though, was the fact that it never occurred to them that Mitt Romney WILL BE the Republican nominee in 2016. 

84 70 Havedash,

The reason you need private saving incentivized is you want better pain incentives in investment capital.  Banks have gotten incredibly lazy about due diligence and risk valuation in loan valuation, and it cannot be overstated that one of the reasons is the low prime rate.  The Federal Government's profligacy is exerting MASSIVE pressure to maintain this joke note rate.

85 Yet, "Romney is Robotic". I guess the alliteration plays well in focus groups.

Posted by: 66chevelle at August 30, 2012 07:40 AM (QjSgY)

That is pretty hilarious when you consider how much the JEF replayed that simple fucking "car in a ditch" spiel when it sounded retarded the first time the imbecile used it.  One thing Romney has to stop doing is defending his not being against wimmenz by mentioning RomneyCare.  Jesus Fucking Christ dood; people HATE BammyCare and sending mixed messages on whether you'd completely eliminate that pile of shit isn't smart.

86 Whew, what a night. Does anyone see my right shoe?

I am officially stoked for the future of the Evil Party.

87 Good morning morons and 'ettes. Last night, I saw and heard the future of the Republican party, and his name is Paul Ryan. Krauthammer had a great piece on Ryan as a generational figure recently, which I also plan to write about on my blog...soonish...no, really.

88 Good morning, 'Ettes and 'Rons.

No changes in the Senate polling information yesterday, so I have not changed the model.  However, we should start to see some coattails in places due to how well Ryan did last night, and if Romney can equal his performance.  So look for small shifts in states like Ohio and Florida.

Current odds that we will take control of the Senate: 94.9%

89 How come Wisconsin gets all the good politician in we here south of it in Illinois get Pat Quinn, Dick Durbin and SCOAMF?

Posted by: Mallamutt, RINO President for Life at August 30, 2012 07:44 AM (OWjjx)

Wisconsin has cheese, beer and football.

What does Illinois offer?

I rest my case.

90 81 GoY,

The other reason the demand to change the way COLA and Inflationary pressure is measured is because at the end of the day those two fungible costs are the most easily compared and competitive benchmarks for the valuation of the buck.  Fuel is not 4 bucks a gallon for the foreseeable future because of scarcity or domestic demand it is 4 bucks a gallon because the dollar is worth half of what it was in power indexed to '04-'06....

91 Good Morning Morons Today is Thursday, August 30, 2012.  On this day in 2012 Vic slept lat e and did not do morning news.  How ironic that Andy did the post at 6:30.


Sorry  folks.

92 Krauthammer had a great piece on Ryan as a generational figure That may or may not be true, but I hate that term, since it makes me feel old. Now I'll return you to your regular programing

93 Piers did not have the best night. It started out with Chris Christie eviscerating him on his and the media's criticism of christie's keynote and it ended with duffy eviscerating him. He's not going to want to talk to republicans anymore...

94 One thing this convention did is to show, again, just how far left and out of touch, the MSM media is. What a bunch of fuck wads

95 You are worried about the football games, I am worried about the president deciding to take a trip to LA and to hold an impromptu presser just as mitt is beginning to speak. We'd have a split screen of mitt and the president or maybe not even mitt live, just the president.

96 Ryan vs Biden will be epic.  It's actually an interesting dynamic when you think about it.  Biden cannot come close to matching Ryan's intellect and truths.  Will Biden just lie his ass off and hope to fluster Ryan by spouting so many whoppers that all Ryan can do is try to call Biden out on his lies?  Keep Ryan on the defense so he doesn't have time for offense?  I wonder what the strategy will be with Biden's debate handlers. 

97 92 Good Morning Morons Today is Thursday, August 30, 2012. On this day in 2012 Vic slept lat e and did not do morning news. How ironic that Andy did the post at 6:30.


Sorry folks.

Posted by: Vic at August 30, 2012 07:49 AM (YdQQY)

 

 

Vic, you've earned a sleep-in!  No worries mate.

98 That was such a terrific speech. I don't think I've ever gone back and listened to a political speech again, but I def will listen to Ryan's speech again.

I woke up thinking about Ryan's view of life vs Obama's 'Julia's' view. Ryan's: deeply textured, strong and good(even when difficult). Obama's Julia: one dimensional shallowness, based on the uterus and gov't programming.

99 #25

QE is theft pure and simple. It takes value from the money of ordinary people for the benefit of politicians and bankers.

The great majority of people need their money to have decent now, today. It's what they're actually using to live day to day. They cannot leave a large pile of capital sitting around for a decade in hopes of exploiting it when the value comes back, if ever. People who are just a few paychecks from disaster simply that option.

Not to get into Luap Nor territory but the Fed has never existed for the benefit of ordinary citizens. The list of problems it was supposed to prevent have sprung with equal or greater regularity since the Fed came into existence, so what is the point, other than to let politicians run scams with play money.

If I could buy a Monopoly game for $20 but use the thousands of dollars in fake cash included in the package as if it were real money, I'd spend like there was no tomorrow too. Run out? Just buy another box of fake money that works like the real thing. Whee! I'm the Congressman from Marvin Gardens!

100 97 Havedash,

Ryan will ignore Biden and the Moderator and speak directly to the American people on his policy if they get too cute.

Biden can do caveman pictographs of his halcyon days as SCRANTON JOE but Paul Ryan may just slit his throat by reminding unions that for the union members to gain there has to be an economy....

101 @95

They will truly reveal themselves when the Donks unveil they're "winning" strategy of Abortions, Rubbers, Class Envy and Racism at their convention.

How many times can you hear that shit without wanting vomit?

102 Ref Ryan's speech. Do a search in Twitter for "nature and god" (including the quotes). You'll see how divided we are on BASIC stuff.

103 I wonder what the strategy will be with Biden's debate handlers.

I'm guessing squirrels will be involved.  Many, many squirrels.

104 "Anyway, I never do understand all this love and concern my fellow Rightists have for the damn Stalinists and Jihadisin our midst. It's laudable to love your enemies on a personal level, but when it comes to state policy, to being a citizen and exercising political power, it's another ballgame entirely."

You and me both. That's why I wasn't impressed with Condi's speech last night, after ten years she still doesn't get it. There may be a vast amount of people in the world that want to be free from their current dictator only to be subservient to a more powerful enemy, Islam. Their idea of freedom is in no way related to what we view as freedom. It's not a hard concept to grasp yet the GOP leadership either can't admit it or are to stupid to see it.

105 Posted by: Havedash at August 30, 2012 07:52 AM (ToMJU) Biden will play elder statesman and try to capitalize of Paul Ryan's ingrained generational respect. Ryan will have to walk a fine line of calling joe out but doing it in a way that people don't see him as being disrespectful to Joe. No matter what joe says everyone always gives him a pass. It's tough to go up against someone who already has the audience in their pocket.

106 There may be a vast amount of people in the world that want to be free from their current dictator only to be subservient to a more powerful enemy, Islam. Their idea of freedom is in no way related to what we view as freedom. It's not a hard concept to grasp yet the GOP leadership either can't admit it or are to stupid to see it. Posted by: lowandslow at August 30, 2012 07:56 AM (GZitp) This PC crap will kill us

107 ot:  back to the mystery speaker issue:  is there a famous Olympic athlete from Mitt's Olympic days?  another sports figure:  /Tim Tebow?  Is there a music figure that would appeal to younger people?

108

Posted by: sven10077 at August 30, 2012 07:18 AM (LRFds)
(Sven)  His policy is only protected from being cast as what it is by "removing food and fuel from the inflationary consideration".  

(Reac)  Do you really believe that "money supply" is to blame for those price increases?  We have serious supply/demand imbalances for those two core commodities.  Price increases for those are global - not localized to dollar-using nations.  Using them to calculate inflation is invalid.

 

(S)  Helicopter Ben can very easily make a case to the enviro wackos to back the hell away from strangling resource exploitation here in the US.

(R)  Come on, you can't be serious.  First off, the Fed should not exist in order to prescribe policy.  Second, there is no way anybody listens to Ben B. or any other Fed chair about resource use unless they're already on our side.  Asking Ben to fight the Greens for us is not realistic.

 

(S)  The ONLY way to stabilize the international economy is to get the hell out of the way and allow REAL GROWTH out of the mess.
(R)  Yeah - but from what?  And what good is it to crash the banking and credit system even harder right now?  Where is capital for the inovations necessary to create this growth going to come from?  Passively letting things go into full deflation mode is a recipe for disaster, which will include civil unrest.

(S) The Helicopter Ben school of economics is a big part of the problem since he is trying to exert pressure through an artificially lowered prime rate on an already credit fucked hellhole of an economy.
(R)  Yes - the economy is "credit fucked."  Why do you want to crunch it even harder?  It makes no sense.  We have massive unused productive capacity right now.  If it is not used, it will be destroyed.  Better to use it and risk some low inflation than to see that productive capacity unavailable when/if things pick back up. 

 

Sorry for the shitty formatting - it's the best I could come up with.

109 Ha, and props to the hated Huckerbee for making the claim that Obama is the ONLY evangelical in the race. That had to sting the progs, on so many levels. Delightfully wicked of Huckster.

110 Obama Honored Fallen SEALs By Sending Their Parents a Form Letter Signed By Electric Pen Drudge Class act

111 http://tinyurl.com/8wtmgug

Friedman, Krugman, and Warren to the Red courtesy phone....

BEIJING –  Rescuers searched Thursday for 28 miners trapped for more than a day in a coal mine after an explosion that killed at least 19 people in China's deadliest mining accident in nearly a year.

Police detained the owners of the Xiaojiawan coal mine following Wednesday evening's blast in coal-rich Panzhihua city in the southwestern province of Sichuan, and checked for safety violations.

There were 154 miners working at the mine when it exploded, and 107 survivors have been pulled to the surface, the State Administration of Work Safety said in a statement.

112 On this day in 30 B.C. Cleopatra had a date with a snake.  It did not come out well for her.

113 yeah, Huckabee did give a good speech.  not that I love him but he can give a good speech

114

"One thing Romney has to stop doing is defending his not being against wimmenz by mentioning RomneyCare."

 

----------------------

 

Didn't Andrea Saul get shredded for doing just that with Lyin' Jo Sobtic?  Well, shredded by everyone but Mitt.  As long as she has a job with the Romney campaign, we're going to get that stupid shit.  She obviously has his ear and has him convinced that Massacre is a feature not a bug.

115 109 Reactionary,

The problem is he is literally stealing from people by devaluing the dollar.

End of story, you can take the pain and get creative destruction and a rapid repricing of value or you can try to magically spare everyone all the pain...

he is holding down recovery with the prime rate being so low, and in fact reloading a housing bubble.

This is insanity.

116 when i saw them spice things up by having bondi and the ag of georgia go on together I wondered if there is not one guest tonight but many in the hour...like people from mitt and ryan's life who will come out and support them in an unexpected show of support.

117 Today we get to find out who the "mystery guest" is.

One Republican source told Fox News.com that Eastwood is indeed the mystery speaker, following an online report that claimed the actor is planning to travel to Tampa for the convention.


http://is.gd/cRNpjB

118

Reporting on hearing excerpt of Romney's speecch to American Legion on local radio this mroning ( long excerpt as I live in Indy area).  Delivery excellent,  conveying warmth and sincerity.  He has been working on his delivery,  I think.

Second,  my choice of a mystery guest:  Lech Walesa. 

Third,  Mr. Scribbler!  How have you missed that until Romney accepts the nomination his general election money (of which he has a lot) cannot be used?  I thought that had been discussed here quite a few times.

119 well, Clint Eastwood would sure suit me

120 Oh, and my other bit from Paul Ryan's speech was at the end, when he used the phrase "the time for choosing."  Probably went over the head of normal people, but I was all "I SEE WHAT YOU DID THERE, YOU MAGNIFICENT BASTARD!"

http://www.youtube.com/watch?v=qXBswFfh6AY

121 Ryan debate prep - Weekend at Bernies, with squirrels throw out onto the stage every time the audience starts to think Biden is of a functioning brain no more.

122 http://tinyurl.com/9henzpf

FRANKFURT –  The number of unemployed German workers grew by a seasonally-adjusted 9,000 in August, the country's Federal Labor Office reported Thursday. The unemployment rate remained steady at 6.8%. Economists surveyed by Dow Jones Newswires had forecast a rise of 8,000. While the rise was small, "employment expectations in the manufacturing sector have entered negative territory, most open vacancies are temporary jobs and several companies have reintroduced short-time work schemes. Obviously not the best climate for a new round of wage increases, consequently boding ill for private consumption," said Carsten Brzeski, economist at ING Bank.

The warning signs of EUtopian slowdown are increasing....

Good work Fwance way to go full Jar Jar

123 74 ...How f'ed up do the Dims have to be to consider him an extremist?
==================
As Debbie What'shername Schultz has shown, non-stop lying without regard for reality is actually their new communication strategy.

In fact, reality is an enemy for leftists:
They hate biology and deny it and fight it because men and women really are differentThey hate economics because capitalism and liberty really do produce wealth and opportunities for happinessThey hate science and cover up the truth because the world really was warmer in the past in ways that can't be blamed on humansThey hate history because it demonstrates that some cultures (not races, but cultures) produce better resultsThey hate human nature because it really does respond to an entitlement culture with selfishness and sloth and to an opportunity and freedom culture with happiness and hard work
And so they rebel and lie and prefer the misery that their theories produce over the prosperity that can come from living within the boundaries of the real world.

124

On the Biden/Ryan debate.  No matter how much stupid is uttered by Biden, the MFM will report how Biden mopped the floor with Ryan.  With the MFM truth takes a holiday.

125 Obama Honored Fallen SEALs By Sending Their Parents a Form Letter Signed By Electric Pen

Drudge

Class act

Posted by: Nevergiveup at August 30, 2012 07:58 AM (05RcU)

 

----------------------

 

Yep.  The Romney campaign ad that has literally written itself.  Where's that vaunted rapid response team?  Hopefully contacting letter recipients right now. 

126

Rice gave a good speech.  Folks marvelled that she didn't use a teleprompter but spoke from notes.  This is one lady who has her stuff together.

I would NOT mess with Susana Martinez. Her District Attorney boss gave her grief and canned her.  She ran against him in the next election and he was simply a skid mark on the shorts of  history.   She's good.

As for me the Ryan like I liked was "For 4 years Obama has given us the runaround.  Now it's time for a turnaround."

127 125 case,

<i>On the Biden/Ryan debate. No matter how much stupid is uttered by Biden, the MFM will report how Biden mopped the floor with Ryan. With the MFM truth takes a holiday.</i>

More like permanent vacation....Ryan shut Maddow the hell up for a few seconds though....they know it's coming

128

#67  Sven,  are you familiar with the book The Fourth Turning?  In the book there are 4 types of generations.  Generation X is described as being cut from the same mold as the generation of Ike and Patton.

That has always given me hope.

129

To those concerned about low rates, I would like to offer a reminder that the federal government does not exist for the purpose of insuring some given desired rate of return on investments.  If the oldsters do not like their federally insured CDs to make 1%, then they can get in the RISK game like the rest of us.  There are plenty of very conservative investments that offer 3%+, and it doesn't take a lot of hard work to boost that to 5%.  The fact that you can't just sit back and leave it on auto-pilot is what's pissing people off, and frankly I find it hard to give a shit.

 

 

 

I'd much rather make sure that the system itself survives and the economy doesn't tank even worse, than worry about granny's poor market performance.

 

130 I am enthralled and encouraged by the masterful way the convention is inexorably making the unassailable case that the Taupe Dope is a mendacious, petulant, arrogant, inept, vainglorious, egotistical, lazy, disengaged, disinterested, and narcissistic failure.

131 "I have never seen opponents so silent about their record, and so desperate to keep their power. They have run out of ideas. Their moment came and went. Fear and division is all they've got left. With all of their attack ads the president is just throwing away money. And he is pretty experienced at that." http://tinyurl.com/9kjehjn

132 Wow..seems like a lot of comments so early in the morn.  Gonna backtrack and catch up.  Undoubtedly, it's been talked about a million times over, but DAYUM!  Last night was awesome!  Condi Rice was spectacular!  Absolutely stellar speech.  Paul Ryan brought it big (I love that cuddly, wonky boy) and for all those complaining Tuesday that nobody was calling out Dickbag by name and exposing his bullshitiosity you got a full dose last night.

Can't wait for tonight!

133 Nice headline/link at The Hill

GOP convention tinged with Obama envy



No bias much eh?

134
My President Obama poster is in perfect condition, and I refuse to accept Paul Ryan's derogatory and demeaning insinuation about my president.

135 127 Comanche Voter,

If we are sensible in selling the idea and scrupulous about a layered amnesty and increased border enforcement I think we're on the verge of winning the Hispanic Caucus to the point hyper Block voting by African-Americans won't matter.

It sucks, I hate that we have to probably take the bullet on ignoring the willful lawlessness but we cannot stabilize the economy until we deal with the elephant in the room.

136 She obviously has his ear and has him convinced that Massacre is a feature not a bug.

Posted by: 66chevelle at August 30, 2012 08:00 AM (QjSgY)

I'm sure you're correct on that because she was such a fucking dumbass with that witless response that she would've been run from the team otherwise (and had a lot of people calling for it).  The good news is that the geniuses running the Indonesian's campaign probably don't know how to take advantage of it or don't know how to enter it into the prompter so that the JEF doesn't end up shitting all over the message with another "you didn't build it" stoke of impromptu genius.

137 I thought that the "I'll be damned, we're Republicans" line was excellent. Making this a theme could convert a lot of Reagan Democrats.

138 the federal government does not exist for the purpose of insuring some given desired rate of return on investments And yet, that's exactly what it's doing, an artificially low rate of return.

139 Barack Obama is a stuttering clusterf*ck of a miserable tyrant

140 There are plenty of very conservative investments that offer 3%+

But when you figure in inflation of food and energy prices, your retirement savings are still losing money. So what's the point? Go blow it on a vacation, you'll have nice memories while you're waiting in the bread line.

141 According to the gnome, an addition 3" of rain fell yesterday at Casa928, bringing the total to 9" for Isaac. Pretty normal for a Cat1 in these parts.

142 130 Reactionary,

Then all the fed has to do to "win" is set the prime rate to -5% for 2 decades and have DC pass a low forcing us to "invest" 30% of our "wages" in T-bills.

I'll choose free markets....

all this mess is because a bunch of retards think they can have all hills and no valleys.

143 91, Sven. People get all excited about the gold standard, but we are effectively on the oil standard now.

144 141 HR,

The best investment a person can make right now is fallow land or simple personal business loans with hard contract.

This is insane, banks have become defacto loansharks.

145 144 Jean,

hell yes we are on the oil standard....

why do you think I back Shale to the 9s?

146 Biden will play elder statesman and try to capitalize of Paul Ryan's ingrained generational respect. Ryan will have to walk a fine line of calling joe out but doing it in a way that people don't see him as being disrespectful to Joe. No matter what joe says everyone always gives him a pass. It's tough to go up against someone who already has the audience in their pocket. Stop it. The man already put the smack down on the POTUS, to his face, in a respectful way and killed it. Stop it. Take your concern and go away

147 More lunacy form the Obamanite "State Department".


The old saying "holding down the fort" is now deemed to be "RACIST".


Damn those dog whistles do get around don't they?


For those interested in trivia the phrase comes from an old European saying "to hold the fort" referring to shops and castles being protected from invaders.


If our State Department wasn't filled with ignorant liberal assholes who are dumber than a pile of fly-blown dog shit they could have found that out.

148 On this day in 30 B.C. Cleopatra had a date with a snake. It did not come out well for her. On this day last year Sandra Fluke had a date with a snake too. It didn't come out well for the snake.

149 Hey do we have a fantasy league this year or what?

150 Left out the link

http://is.gd/uPKlJS

151 139 Toby928th,

The forced low rate Fed games are proof why medicare/medicaid are retarded ways of "controlling medical care cost'....

the federales are insulated from personal pain on bad dealing so they make stupid pricing decisions....

private medical consumers are competing with a retarded rich man.

152 Keep believing that Slick is *really* on our side. That's the stupidest fucking shit I've ever heard. That fucking predator is nothing but a donk operative through and through and would sell you into serfdom without thinking twice.

I don't think anyone was mistaking BJ as being "on our side."  Sometimes, though, he certainly acts as if he perceives the SCOAMT to be a bigger enemy than we are.  The enemy of my enemy may not actually be my friend, but I can certainly engage him in a round of "let's you and him fight."

153

Posted by: thunderb at August 30, 2012 08:13 AM (Dnbau)

Exactly. Ryan's the kind of guy who can call you a stupid jack-hole and you'll buy him a beer afterwards.

154 Ryan was very good. B+. Had he cut 15 minutes and been a little more focused it would have been grade-A. Rice and Martinez were tour de forces, A+ for both. Wingnuts everywhere had their minds melt or their heads explode. Portman was very good. B+. Pawlenty and Huckabee should have been cut. The RNC/GOP continue to make small mistakes that add up. In addition to having too many speakers the speeches needed to have been timed to be in core prime time, EST, not so late. A lot of seniors in Florida, Ohio and Virginia missed parts or all of Ryan's speech because they already were asleep. Overall, however, a solid B.

155 Holy crap.....ace is awake!

156 153 AllenG,

Beijing Bill was the perfect long con donk.  Barry is not 1/32d the politician Billy Jeff is.  The old guard in the media know this and it is why there is cognitive breakdown in the media right now.

157

@130.........then they can get in the RISK game like the rest of us.

Yep.  This is the reason why the stock market is doing well.  No other place to put your money that pays anything.  And the stock market is a RISK.  Wouldn't surprise me when the bottom falls out of it.

158 The problem is he is literally stealing from people by devaluing the dollar.

End of story, you can take the pain and get creative destruction and a rapid repricing of value or you can try to magically spare everyone all the pain...

he is holding down recovery with the prime rate being so low, and in fact reloading a housing bubble.

Posted by: sven10077 at August 30, 2012 08:00 AM (LRFds)

 

 

   Holding down recovery by keeping rates low?  How on earth do you make that leap?  Access to cheap capital is stimulative, just like any other business input.  And where are you seeing a bubble reflation in housing?  Maybe a few select markets, and that's it, and prices are still well below what they were in bubble times. 

 

 

   This "rapid repricing" you refer to is otherwise known as deflationary collapse.  There is no worse scenario.  You think unemployment is bad now?  Once this happens, it's over.  There will be full on socialism over night. 

 

 

   As for "stealing" via devaluation show me the undue devaluation.  We continue to have historically low inflation in everything except food and energy, for which we have supply constraints and continuing demand increases.  Shale is great, but it's not bailing us out of all our oil woes.  The US is exporting food like never before, which means that prices go up.  Feedstocks are costing more, so prices go up.  If not for genetic mod crops it would be even worse. 

 

 

   You want to know what causes the most devaluation of the dollar and its purchasing power?  Massive trade deficits, created by the grossly misnamed "free trade" policy we claim to have, which is actually a policy of bending over and spreading the ass cheeks.  That's the rebalancing that has to happen, to bring US wages down to the level of our 3rd world trade partners.  But nobody on our side wants to talk about that one...

159 The problem is he is literally stealing from people by devaluing the dollar.

End of story, you can take the pain and get creative destruction and a rapid repricing of value or you can try to magically spare everyone all the pain...

he is holding down recovery with the prime rate being so low, and in fact reloading a housing bubble.

Posted by: sven10077 at August 30, 2012 08:00 AM (LRFds)

Holding down recovery by keeping rates low? How on earth do you make that leap? Access to cheap capital is stimulative, just like any other business input. And where are you seeing a bubble reflation in housing? Maybe a few select markets, and that's it, and prices are still well below what they were in bubble times.

This "rapid repricing" you refer to is otherwise known as deflationary collapse. There is no worse scenario. You think unemployment is bad now? Once this happens, it's over. There will be full on socialism over night.

As for "stealing" via devaluation show me the undue devaluation. We continue to have historically low inflation in everything except food and energy, for which we have supply constraints and continuing demand increases. Shale is great, but it's not bailing us out of all our oil woes. The US is exporting food like never before, which means that prices go up. Feedstocks are costing more, so prices go up. If not for genetic mod crops it would be even worse.

You want to know what causes the most devaluation of the dollar and its purchasing power? Massive trade deficits, created by the grossly misnamed "free trade" policy we claim to have, which is actually a policy of bending over and spreading the ass cheeks. That's the rebalancing that has to happen, to bring US wages down to the level of our 3rd world trade partners. But nobody on our side wants to talk about that one...

160 146, Sven I briefed we should be building transportable nukes to process oil sands as a matter of national security. didn't make the cut.

161 Mornin 'Rons.


So. I missed everything last night. Didn't get to see a single second of any of it. Instead, my FIL watched multiple NFL programs as he is getting ready for his various fantasy football drafts. (He plays in multiple big money leagues)


Sounds like I missed some good stuff. Anyone got a link to a transcript of Ryan's speech?

162 139 the federal government does not exist for the purpose of insuring some given desired rate of return on investments

And yet, that's exactly what it's doing, an artificially low rate of return.

Posted by: toby928© at August 30, 2012 08:09 AM (QupBk)

 

 

Exactly.  The FED is gaming the system.  No one is saying the govt should establish a fixed rate of return for grannie, but the FED has established a fixed rate of damn near 0% for whom?  Get the hell out of the way and let the markets make themselves.  And Grannie isn't going to take on risk with her life savings at that point in her life - not in this kind of economy and communist/socialist  leadership.

163 Reactionary, the rates are low, but there is little speculative capital. I have to lay some guys off today because the bank pulled in the loc, and the product they developing isn't bringing in any cash yet.

164 Posted by: thunderb at August 30, 2012 08:13 AM (Dnbau) I am looking at this from the perspective of the people I know who are young. Last night they desperately clung to their talking points, they refused to acknowledge what they just heard. When you confront them about Joe, they tell you he's like the old uncle at the Christmas party and they give him a pass. They are desperately clinging to hope and change, they don't want to face the fact that they may have been let down. And they are in a feedback loop. They only speak to other hope and change addicts, they only read emails from the hope and change addict campaign. Last night paul ryan gave a lot of education mixed into that speech. He made a lot of points but they are still blindly following, blindly addicted. I was privy to a lot of after speech conversations wherein the people starting to move towards paul ryan absolutely trounced those typing the evenings talking points, among them, "ryan/romney are going to take away your health care". In the end those hope and change addicts resorted to insulting those slowly walking towards paul ryan. I was up almost all night. I watched one of my nerdy math friends put up figures showing that fewer people are covered under obamacare than were covered before. And then I watched them tell him that he "is one of those guys, a math guy, with no social skills unable to function in the (their) real world." the point I'm making is that paul ryan innately knows these conversations are going on. He just keeps giving information and educating. I'm seeing cracks in the wall.

165 Clint Eastwood, Tim Tebow and Kid Rock would be a great way to wrap up an exciting week. Maybe Lynard Skynard will do Freebird after all.

166 Oops.  Sorry for the double post.  Something went wonky...

167 the link to the transcript was in #133 http://tinyurl.com/9kjehjn

168

Good morning. Got another stupid GIANT HORROR STORM pic for you from last night:

http://tinyurl.com/8k2rgoo

Fear the rainbow.

But it's cloudy and windy now and will start raining soon and not stop until tomorrow...

169 160 reactionary,

the "lower priced capital" is not being used for capital loaning it is being used for a perpetual motion machine of debt cheapening for the federal government which is rewarding enviro wackos for thwarting recovery.


ENOUGH

Let the free market work, let the chips fall where they may.

Abolish the minimum wage and let the market work.

The $uper$tatist$ have added 5 tons of "control add ons' to a V-8 motor......

enough let the government compete for cheap capital like everyone else, and let risk and reward determine gains not Uncle Ben the Chopper Guy trying to make the stock market the only game in town.

170 I guess since ace is posting already this thread will rapidly die.

171 Reactionary, the rates are low, but there is little speculative capital. I have to lay some guys off today because the bank pulled in the loc, and the product they developing isn't bringing in any cash yet.

Posted by: Jean at August 30, 2012 08:25 AM (elbGQ)

 

 

 

   That sucks.  My company is in the middle of an extended re-fi project as well.  Yet some want to bring rates UP.  If rates go up, credit will dry up even harder, and many smaller businesses will go under because they can't swing the new note.  Yet all I hear is how the current 2.5% core inflation is some kind of Zimbabwean death spiral, necessitating a return to higher rates.

 

 

   The government has made it hard to compete and stay in business in the US.  Until those dumb policies are fixed, accomodation by the Fed is the only life line.

172

"GOP convention tinged with Obama envy"

 

Are they insinuating that Obama is a penis?

173 So.... George Obama is the mystery speaker?

174 @17: "Old Yeller"? That was my favorite comedy!

175 Cynder, I hire nerdy math guys with no social lives. Perfect employees.

176 I didn't watch Paul Ryan live. I was watching Portman (not bad) and then switched to Whittle's Stratosphere Lounge. I caught Ryan later on CSPAN's site. I thought it was OK. . or maybe I thought Artur Davis and, especially Ted Cruz did so well that it would have been harder to stand out. Maybe I need to watch it again. Wonder if I can stream it on my phone and listen while I run. . . No. Darn.

177 164 Jean,

Why would the bank take a risk giving you venture room at a low rate when they can get all the free money they want from uncle fed and grab 8-11% from their credit card commerce system?

That is ALL this Fed policy is, it incentivizes credit card economics for the government and the banks.

True wealth will not resume growth until we get out of the way of the extraction, exploitation, and sale of capital assets.

The largest "1%" in the world is the US Government and its massive land holdings and coastal are being kept from being used by the economy for true wealth potential based on a neo-religion.

178 Sometimes, though, he certainly acts as if he perceives the SCOAMT to be a bigger enemy than we are. The enemy of my enemy may not actually be my friend, but I can certainly engage him in a round of "let's you and him fight."

Posted by: AllenG (Dedicated Tenther) Channelling Breitbart at August 30, 2012 08:16 AM (8y9MW)

I respect your opinion a great deal but I've honestly never felt that way.  He's always been a disorganized pile of shit even when President, which has kept him from being more dangerous than he was which was still pretty fucking bad.  But it's also kept him from using his "wife" strategically if he was serious about undermining the JEF for her and his benefit.  I think he lost a lot of cognitive ability from that small heart attack and he's closer to being apt to spank it in public than organize his thoughts on anything more complex than chasing cooter.  The speech he's giving at the donk convention might be his last hurrah; but it's more likely to be the unfocused natterings of a tired old fuck that will be a huge negative contrast to anything the Repubs have done this week.

179 Reactionary, the killer wasn't the cost of money, but the new rules. The back offices are asking the front men to evaluate things they cant understand, so they pass.

180 USA Today bemoans a shortage of auto mechanics.  I posted a link to an ad in the Columbia paper a few years ago that a local car dealer was offering a starting salary of 80K a year for an experienced mechanic with knowledge of the new diagnostic tools.

There are jobs out there for people with the right skills.  And a degree in poly science is not the right skills.

http://is.gd/HIDvkC

181 Sven, I think the Fed should put those assets in play, but only after the middle east is burning so their value is maximized.

182 Some serious WTF here.  DOJ is assisting the commie OWS protestors at the RNC convention.  Issa, call a hearing ASAP!

http://is.gd/lU7AOn

183 ENOUGH

Let the free market work, let the chips fall where they may.

Abolish the minimum wage and let the market work.

The $uper$tatist$ have added 5 tons of "control add ons' to a V-8 motor......

enough let the government compete for cheap capital like everyone else, and let risk and reward determine gains not Uncle Ben the Chopper Guy trying to make the stock market the only game in town.

Posted by: sven10077 at August 30, 2012 08:29 AM (LRFds)

 

 

 

   You may as well just say "Burn it all down."

 

 

   First, where on earth have you seen a free market?  Does not exist, hasn't for a long long time, and will never again.

 

 

   Abolish the minimum wage?  The wage which is already too low to live on, and which is too low for most fast food chains to use now?  That will accomplish one thing only - political suicide.  We already have a great abundance of sub-min wage labor.  They're called illegals - another issue we're doing jack shit about.  Indeed, low wage labor is going by the way side anyway, as it is increasingly automated away.

 

 

   I agree with you re the superstatists in many ways, but fixing the various regulators that are hobbling business is a way more worthy effort than complaining about the Fed.  And while on that subject, the various things people hate most about the Fed CANNOT be changed without disaster, until the big banks are broken up.  We need a hard capitalization cap on banks limiting them to a size that will not create systemic endangerment.  We're not even close to that point yet.  Our side isn't even talking about it.  Short of that, waging war on the Fed is counterproductive.

 

 

   The government does not, and will never, compete for capital because it generates all the dollars we use as a trade medium and to pay our taxes to said government.  All new money is spent into existence by congress, just as all money removed from the system is destroyed through taxation.  Ultimately, this is a great improvement over the old hard money system.  If you want to control spending, the ONLY way to do it is to put in legislators who will control spending.  You can't have the Fed do it for us.  That short cut cannot work.  Indeed, the very idea of "borrowing" is a big part of the problem.  It would be better to instantly monetize ALL deficits.  Thus, the inflationary impact of spending policy would be immediately felt and quickly subject to analysis in near real time.  Instead we try to sterilize the deficits with borrowing, which compounds the problem by adding interest payments.

 

 

   Indeed, I don't really see who we can complain about inflation.  We love a tax that affects all tax brackets.  This is true of inflation.  It punishes everyone who uses dollars.  Inflation is nothing more that the result of having a smaller reserve drain (taxes) than is required to maintain stability.  If congress will not cut spending or raise tax, then inflation results.  Simple. 

 

 

184 182 Jean,

The problem is we need forward motion on refinery capacity and exploration phase work to get started.  There was a thread on the sequester where I pointed out to the Luap Nor legions that the US can balance the budget in 15 years if we ever act half as "evil" as we are accused of.  It is called asset denial and economic warfare.

You can end radical Islam in a 3 month period with enough FAE...

185 183 Vic,

DoJ ill openly aid the post election loss riots of the left....

"the new normal"...

186 Reactionary, End Withholding free the Invisible Hand and wait.

187 Reactionary, the killer wasn't the cost of money, but the new rules. The back offices are asking the front men to evaluate things they cant understand, so they pass.

Posted by: Jean at August 30, 2012 08:35 AM (elbGQ)

 

 

 

   I see.  That's a bummer.  Risk aversion is no surprise, given the current climate.  The banks know that productive industries in the US are under great strain.  They have, no doubt, over-reacted.

188 Sven, I could do it with one carrier with a broken comm link to DC.

189 187 jean,

quite....

there is NO WAY to escape the pain....

End the theft of 25% of everyone's wages off the top for two cookie jars that are full of IOUs and hold government accountable for the theft of our freedom and our responsibility to ourselves and our families.

Let America Work.

190  Reactionary, End Withholding free the Invisible Hand and wait.

Posted by: Jean at August 30, 2012 08:45 AM (elbGQ)

 

 

 

   I guess I'm willing to try that if you are.  But I can't imagine what such a large annual shock to the money supply would do to the system.  Banks would fill up over the course of the year as people saved for taxes, then all that dough would vanish off the accounts on 4/15.    And, as you know, there would be MASSIVE failure to pay taxes.  Possibly a tax revolt.  Maybe we'd come out OK on the other side, but you better be ready for Mad Max, and have a good supply of rice, beans, and ammo.  I suspect that every year, mid-year, there would be spending binges as people chose not to think about their next annual tax liability and promised themselves they'd save in future months. 

 

 

 

  In the mean time, government spending would go on, utterly unaffected. 

 

 

  

 

191 The NFL Kickoff next week was moved from Thursday to Wednesday to not conflict with Obama's big night at Bank of America Stadium (oh, sorry, Panthers Field). If anyone actually watched the exhibition games, I suppose tonight's would be a slight to Romney. But moving tonight's games to Wednesday would have stomped all over Condi's speech, and I think the NFL owners would rather have a president with a grudge against them than risk the wrath of Condi.

Speaking of whom, she gave a nice shout out to Zimbabwean refugees last night. My crush grows. Thank God she wasn't wearing the leather duster and high stompy boots, or I'd still be in my bunk.

192

Hey, Morons.  Forgot to write up a story last night and today's a freakshow at work.  Many apologies.  Tomorrow's story will be extra long to make up for it.

 

And yay Ryan!

193 Morons Hacker Alert!

Disable Java now!

http://is.gd/x6po5w

194 191, you could stagger by birthday. I would prefer a due date at the end of the government fiscal year, with the election the following Tues. I think a whole industry of short term investing would appear. Spending would continue for four years, until the new political class took over. Yes. There might be some smoke.

195

Unchain the economy, let America get back to mining and industrial activities, free the prime rate to come what may and let America compete balls to the floorboard against the world.

I have more faith in AmericaÂ’s poor than Barack Obama, because unlike Barack Obama I grew up poor.

196 176 Cynder, I hire nerdy math guys with no social lives. Perfect employees. Posted by: Jean at August 30, 2012 08:32 AM (elbGQ) i agree, perfect bf's too....

197

Did Portman really do all that well? He bored me. Unfortunately, I also missed the Gov of New Mexico completely. Everyone says she was good, so maybe I'll watch the replay today.

I found Pawlenty dull as hell. Huck was pretty good, considering that I loathe him. His having radio and TV shows have polished his skills considerably.

Condi was very substantive, but I didnt care much for her delivery. (Please stop throwing things at me... )

Ryan was awesome. Very High expectations and he delivered. One is tempted to say he was 'Reaganesque'.

198 A workout video starring Ryan would have been nice, but he can do that later. 

199

21Dogfish, is that the same one where he says something like "Obama has a plan to get the country moving again"?

 

He's resigning? Thank God!

200 Chris Matthews' list of racist dogwhistles is getting pretty long: Chicago, foodstamps, golf, welfare -- there's probably something for every letter of the alphabet including zulu, which is part of the phonetic alphabet, but sounds like birtherism.

201 Obama is a stuttering clusterf*ck of a miserable failure.

202 Saw a round up of reaction's to Condi's speech: When the GOP nomination is open next, Condi has ensured she is going to get asked about running relentlessly. #gop2012 — The Fix (@TheFix) August 30, 2012 Did Condi just declare she’s running for Pres? Also, this is by far the best speech given so far. — Christopher Hayes (@chrislhayes) August 30, 2012 Weird to say of a former Sec of State, but so far Condi’s the one being made by this convention. — Ben Smith (@BuzzFeedBen) August 30, 2012 Now I know I was right about Christie’s speech last night not being up to snuff. — Ann Coulter (@AnnCoulter) August 30, 2012 Turned out Chris Christie wasn’t the keynoter who just set the stage for 2016, Condi was… — Glenn Thrush (@GlennThrush) August 30, 2012 Condi’s speech was presidential. Best address of the convention. — Chris Matthews (@hardball_chris) August 30, 2012 What do you think? Condi RNC ‘12 = Barack DNC ‘04 ? — Chris Moody (@Chris_Moody) August 30, 2012 Somewhere tonight Chris Christie is trying to decide if he should be more worried about @corybooker or Condi Rice. — Mo Elleithee (@MoElleithee) August 30, 2012 Re condi, i guess this is what the donors heard at that romney event, creating the vp buzz — Rich Lowry (@RichLowry) August 30, 2012 Everyone around me is stunned by the Condi speech. As am I.— Richard Grenell (@RichardGrenell) August 30, 2012 Condi serves as Governor of CA 2014 - 2018 and starts running for 2020 after her first term. She'd be the first Republican governor from that state since Reagan and would win with as big a landslide. First woman POTUS.

203

{voice = Clint Eastwood growl} 

I have a very strict gun control policy: if there's a gun around, I want to be in control of it.

...and about Mr. Obama... A man's got to know his limitations.

Right turn America.

 Now look here.  Just because I spoke at your convention doesn't mean we'll be taking warm showers together.

204

{/voice}

 

oops

 

205 I love Level 42, by the way. Great funk-influenced band.