First time visitor? Learn more.

Hold On To Your Hats! And Wallets! Payback is Nigh!

by coldwarrior ( 183 Comments › )
Filed under Business, Economy, History, Open thread, Politics at November 14th, 2012 - 11:00 am

It’s a pretty simple concept in economics.  Debt has to be repaid at some point. Someone, somewhere holds the bag. So if the FedGov is in massive debt that means we are ALL in massive debt. That means ALL of us have to pay it back. We will not have prosperity at these debt levels. In fact these levels act as a brake on the economy. I won’t go into the boring details of why, but they do.

 

Short of total economic collapse and a reset of the debt markets, we will be paying for this for a good 30-40 years. Of course, if we really grow the economy and boost GDP that makes this task of repayment far easier. Lets look at a graph here before we get into the article. This is Debt as a % of GDP since WW2. Debt can never bee seen as standing alone, it has to be seen as a percentage of something. In the case of the FedGov, as a % of GDP.  So, GDP is also a determinant in how painful the debt is. a 16Trillion debt would be a joke if GDP were 3 times what it is now.  A payment on a super expensive property would take 100% of my family income. That same payment for a wealthy individual might be the same % as I pay for my normal everyday house right now.

 

Debt ‘pain’  is, and is always, relative to GDP.

 

 

 

 

This is going to be an eye opener to some of the Obama voters:

 

FABER, MARKETS, DOOM, GLOOM, EURO ZONE, FISCAL CLIFF, DELEVERAGING
Posted By: Holly Ellyatt | Assistant News Editor
CNBC.com
| 13 Nov 2012 | 07:54 AM ET

The markets are going to go into meltdown soon, so expect stocks to lose 20 percent of their value, Marc Faber, author of the Gloom, Boom and Doom report told CNBC on Tuesday.

“I don’t think markets are going down because of Greece, I don’t think markets are going down because of the ‘fiscal cliff’ — because there won’t be a ‘fiscal cliff,’ ” Faber told CNBC’s “Squawk Box.” “The market is going down because corporate profits will begin to disappoint, the global economy will hardly grow next year or even contract, and that is the reason why stocks, from the highs of September of 1,470 on the S&P, will drop at least 20 percent, in my view.”

Faber, who is known for his bearish views, cited tech giant Apple , a company whose disappointing earnings have caused its stock to fall 20 percent from its September highs and 14 percent in the past month.

A series of poor quarterly earnings from corporate giants such as Amazon.com , McDonald’s and Google have hurt investor sentiment in recent weeks.

Faber argued that the “fiscal cliff,” a rise in taxes and automatic spending cuts, would actually involve some minor tax increases in “five years’ time” and some spending cuts “in 100 years.”

What the U.S. needed was some pain, he said, aptly demonstrated by the euro zone’s austerity measures that are attempting, with a mixed measure of success, to curb gaping budget deficits.

“There will be pain and there will be very substantial pain. The question is do we take less pain now through austerity or risk a complete collapse of society in five to 10 years’ time?” he said, adding that there was a lack of political will to tackle the U.S. budget.

(Read More: Forget Mayans, Be Afraid of US Budget Armageddon)

Faber added: “In a democracy, they’re not going to take the pain, they’re going to kick down the problems and they’re going to get bigger and bigger.”

Payback Time

Faber identified several issues curbing an economic recovery, such as the real estate market, which he said had never been so “overbuilt.” He also said there was lots more deleveraging ahead.

“In the Western world, including Japan, the problem we have is one of too much debt and that debt now will have to be somewhere, somehow repaid or it will slow down economic growth,” Faber said. “I think we lived beyond our means from 1980 to 2007, and now it’s payback period.”

(Read More: Greece Needs Another 80 Billion Euros)

Faber told CNBC that central bank stimulus was useless and the implosion of markets was the only way to restructure the financial system.

“I think the whole global financial system will have to be reset and it won’t be reset by central bankers but by imploding markets — either the currency [markets, debt market or stock markets,” he said. “It will happen — it will happen one day and then we’ll be lucky if we still have 50 percent of the asset values that we have today.”

Comments

Comments and respectful debate are both welcome and encouraged.

Comments are the sole opinion of the comment writer, just as each thread posted is the sole opinion or post idea of the administrator that posted it or of the readers that have written guest posts for the Blogmocracy.

Obscene, abusive, or annoying remarks may be deleted or moved to spam for admin review, but the fact that particular comments remain on the site in no way constitutes an endorsement of their content by any other commenter or the admins of this Blogmocracy.

We're not easily offended and don't want people to think they have to walk on eggshells around here (like at another place that shall remain nameless) but of course, there is a limit to everything.

Play nice!

183 Responses to “Hold On To Your Hats! And Wallets! Payback is Nigh!”
( jump to bottom )

  1. waldensianspirit
    1 | November 14, 2012 11:06 am

    Print 1 quadrillion dollars and we all can go on the dole and it would be Utopia! All problems solved!


  2. lobo91
    2 | November 14, 2012 11:08 am

    “There will be pain and there will be very substantial pain. The question is do we take less pain now through austerity or risk a complete collapse of society in five to 10 years’ time?” he said

    Our politicians are no different from the ones in Spain. It’s not even a serious question.


  3. 3 | November 14, 2012 11:09 am

    And being able to pay this back even in 30 to 40 years assumes no NEW debt will added during that time. Hard sell, considering Jerk the Wonder Prez wants ceiling raised.


  4. 4 | November 14, 2012 11:10 am

    @ waldensianspirit:

    Right! Didn’t Pelosi and a boatload of other idiots tell us unemployment, etc. is GOOD for the economy?


  5. 5 | November 14, 2012 11:11 am

    @ Carolina Girl:

    It’s not much of a ceiling if you simply raise it everytime you get close to it. We are doomed. I don’t see anything practical that can forestall collapse. This guy even gets the same timeframe I see: five to ten years, but sooner or later the whole system comes down.


  6. 6 | November 14, 2012 11:15 am

    @ Iron Fist:

    The only thing Obama and company is working on is how to blame the wreckage and higher taxes on the Republicans. Oh, and George Bush.


  7. 7 | November 14, 2012 11:15 am

    I’m sitting in the conference room here at JAMS. Alone. None of the attorneys or the judge have even shown up yet.


  8. theoutsider
    8 | November 14, 2012 11:16 am

    Go off the fiscal cliff. Save America in the process.


  9. coldwarrior
    9 | November 14, 2012 11:18 am

    waldensianspirit wrote:

    Print 1 quadrillion dollars and we all can go on the dole and it would be Utopia! All problems solved!

    printing doesn’t mean gdp.


  10. buzzsawmonkey
    10 | November 14, 2012 11:18 am

    New Debt Ceilings Are a New Spending Floor
    —apologies to Paul Simon, and “One Man’s Ceiling is Another Man’s Floor”

    There is a debt ceiling here
    Because we’re deeply in the red
    And there’s some hard feeling on
    The Congress floors
    Because the Tea Party oppose
    What the Democrats propose
    To raise taxes and to spend a lot more
    It’s just those no-budget blues
    And when you spend without rules
    A raised debt ceiling
    Is a new spending floor
    A raised debt ceiling
    Is a new spending floor

    Where did the Stimulus go?
    Don’t you ask the CBO
    No shovel-ready jobs materialized
    They say that the economy
    Has had a big recovery
    But instead I believe my own eyes
    They want to savage defense
    And bloat up entitlements
    Remember new debt ceilings
    Are a new spending floor
    New debt ceilings
    Are a new spending floor

    But the economy could be rebuilding
    If Congress would just reshuffle the game
    Stop spending more than it makes
    No matter how much it takes
    Regulatory agencies must be tamed

    [Instrumental interlude]

    New debt ceilings are a new spending floor
    You bet
    New debt ceilings are a new spending floor…

    [Instrumental fadeout]


  11. 11 | November 14, 2012 11:19 am

    @ Carolina Girl:

    Gore is pushing for Cap and Tax as part of the deal to “save” the economy. Because he really wants to make sure the economy is destroyed.


  12. 12 | November 14, 2012 11:21 am

    buzzsawmonkey wrote:

    They want to savage defense
    And bloat up entitlements

    And that is the core of it. The Outsider wants Sequestration, just as I’ve been saying. That is the Leftist mantra: gut defense first and only. And even if they completely do away with the Department of Defense, they won;’t have enough money to cover the gap in Obama’s spending. This is all part of the plan. They are doing this deliberately.


  13. coldwarrior
    13 | November 14, 2012 11:22 am

    theoutsider wrote:

    Go off the fiscal cliff. Save America in the process.

    sooner means less pain.


  14. coldwarrior
    14 | November 14, 2012 11:25 am

    @ Iron Fist:

    everyone, including the DoD is going to have feel some pain.

    this is a FedGov spending bubble, just like the housing bubble.

    payback time comes for all. we have been living in a bubble, we can defalte it reasonably and start paying back, or we can wait till it explodes and pay it back

    either way, the end result is the same. austerity and repaying debt.


  15. 15 | November 14, 2012 11:27 am

    @ coldwarrior:

    National defense is one of the few Legitimate areas where the Federal Government operates. The Democrats have been wanting to gut it ever since Reagan built it up. Sequestration allows them to do that without ever having a vote on it. I havve no doubt that Obama wants to push us off the Fiscal Cliff, but it is not to save us but to damn us. That will wreck the economy. In fact it was designed to wreck the economy so that everyone would regard it as too painful to allow to happen. They didn’t reckon on a President and Democrat Party who would see wrecking the economy as a feature, not a bug.


  16. 16 | November 14, 2012 11:28 am

    @ Iron Fist:

    And he wants that carbon credits business of his to take off. And without cap and tax it’s floundering.

    Still nobody in Conference Room…..


  17. 17 | November 14, 2012 11:30 am

    @ coldwarrior:

    You have to do something about the spending, no doubt, but you have to (have to) get some kind of control on the Entitlement State, and the Democrats will never permity that because it is how they buy votes. They’ll cut defense to the bone, but the Obama Administration has already gutted the work requirements of the GOP’s Welfare Reform. This is only the beginning. For every dollar they raise through tax increases, spending on “freebies” from the government will increase $1.50. It is the crew that we have in there that is the problem, and they’ve just been re-elected for another four years.


  18. coldwarrior
    18 | November 14, 2012 11:31 am

    Iron Fist wrote:

    National defense is one of the few Legitimate areas where the Federal Government operates.

    a bubble is a bubble.

    everyone must pay the piper, it is an iron law of economics.

    or we can grow the economy and keep these spending levels at real 2010 or so dollars and grow our way out.

    eventually there will be no money for fedgov handouts. so everyone, even the mooches will pay right along side the DoD&c.


  19. coldwarrior
    19 | November 14, 2012 11:32 am

    @ Iron Fist:

    then let it collapse.

    either way the end result is the same.


  20. coldwarrior
    20 | November 14, 2012 11:33 am

    Carolina Girl wrote:

    Still nobody in Conference Room…..

    they went to the bar.


  21. buzzsawmonkey
    21 | November 14, 2012 11:34 am

    Ex-Navy Translator Charged With Espionage.

    A former Arab linguist for the military has been charged under the Espionage Act with allegedly copying classified documents and shipping them back to the United States, including to Stanford University, which maintains a collection in his name.
    A Navy commander said the security breach by James F. Hitselberger, who previously lived in Wisconsin, has the potential to compromise “everything with respect to source operations in Iraq,” according to documents unsealed in Wisconsin and elsewhere last week.

    RTWT. What’s amazing is how open and blatant he was for so long, and how long they let him get away with it. Bradley Manning seems to have had company.


  22. 22 | November 14, 2012 11:35 am

    @ coldwarrior:

    I hear voices. Yep, they’re arriving.

    They have WiFi and my laptop is plugged in. No one can see what I’m typing!


  23. 23 | November 14, 2012 11:36 am

    coldwarrior wrote:

    then let it collapse.

    I think tha is inevitible. The voters won’t permit austerity, and the Democrats intend to crash the system anyway. I think this election was the last chance to stop it. Ryan’s budget, in truth, isn’t radical enough, but it would be a start. If you could hold the line on spending, cut regulation and taxes, and grow the economy (essentially what Romney wanted to do) you could get out from under this mess, but we are going to have no appreciable growth for the next four years, and the deficit will spiral out of control like it has for the last four years. The American people voted for more of th same. I don’t think they realized that they were voting for collapse, but that will be the effect of it nonetheless.


  24. 24 | November 14, 2012 11:37 am

    @ Iron Fist:

    You know it’s interesting, because I recall Moochelle and her fat ass lecturing us all in the campaign of 2008 that “Barack will require you to work.

    Of course he will -- to pay for those he WON’T require to work.


  25. buzzsawmonkey
    25 | November 14, 2012 11:38 am

    Carolina Girl wrote:

    You know it’s interesting, because I recall Moochelle and her fat ass lecturing us all in the campaign of 2008 that “Barack will require you to work.”

    See? Right there on the camp gate it says, “Arbeit Macht Frei.”


  26. lobo91
    26 | November 14, 2012 11:38 am

    @ Iron Fist:

    The American people voted for more of th same. I don’t think they realized that they were voting for collapse, but that will be the effect of it nonetheless.

    At least half the American people have less understanding of economics than Leia does.


  27. poteen
    27 | November 14, 2012 11:39 am

    coldwarrior wrote:

    eventually there will be no money for fedgov handouts. so everyone, even the mooches will pay right along side the DoD&c.

    Sooner or later slavery had to end too. I’m not betting on a peaceful end to the entitlement society either.


  28. 28 | November 14, 2012 11:42 am

    @ Iron Fist:
    @ coldwarrior:

    Maybe we should stop offering to defend everyone around the world and fight wars to spread Democracy. We should carve out a zone of influence and focus on defending that zone. This global power crap is not worth it. Screw Europe and screw the Mideast.

    Let other nations start manning up and pay for their defenses. We are broke and can’t protect everyone.


  29. 29 | November 14, 2012 11:43 am

    @ lobo91:

    Leia has more common sense than most Americans.


  30. RIX
    30 | November 14, 2012 11:43 am

    As we head into a Brave New World with a managed economy,
    it is comforting to know that Obama has trustworthy advisers.
    Yesterday he hosted Trumpka of the AFL-Cio, The SEIU and
    Move On.Org etc.
    We are in excellent hands./


  31. Tanker
    31 | November 14, 2012 11:43 am

    If there is to be a collapse and I believe there has to be, I just hope it happens sooner rather the later. As of now we some means to weather the storm. That’s to say we some freedoms left that will enable us to weather the storm.

    If it’s kicked down the road and our freedoms continues to erode (which is being done) we will be without much means to weather the break down of civility and communities!

    For me, I’d rather have to fight that battle rather than leaving it up to my grandchildren. I feel I’m much more equipped than they will be.


  32. waldensianspirit
    32 | November 14, 2012 11:45 am

    theoutsider wrote:

    Go off the fiscal cliff. Save America in the process.

    That’s it? I like my idea better. Print 1 quadrillion so we all be on easy street.


  33. lobo91
    33 | November 14, 2012 11:45 am

    Rodan wrote:

    @ lobo91:

    Leia has more common sense than most Americans.

    I don’t think she can actually count, but she knows that if there’s no food in her bowl, she can’t print more.


  34. RIX
    34 | November 14, 2012 11:46 am

    @ lobo91:

    “The best argument against democracy is a five-minute conversation with the average voter.” -
    — Winston Churchill

    I do believe that he was onto something.


  35. lobo91
    35 | November 14, 2012 11:46 am

    @ Tanker:

    For me, I’d rather have to fight that battle rather than leaving it up to my grandchildren. I feel I’m much more equipped than they will be.

    I agree.


  36. lobo91
    36 | November 14, 2012 11:47 am

    RIX wrote:

    @ lobo91:

    “The best argument against democracy is a five-minute conversation with the average voter.” -
    — Winston Churchill

    I do believe that he was onto something.

    He also knew that the best way to reason with Muslims was after shooting them.


  37. waldensianspirit
    37 | November 14, 2012 11:48 am

    Iron Fist wrote:

    Ryan’s budget, in truth, isn’t radical enough, but it would be a start. If you could hold the line on spending, cut regulation and taxes, and grow the economy (essentially what Romney wanted to do) you could get out from under this mess, but we are going to have no appreciable growth for the next four years, and the deficit will spiral out of control like it has for the last four years. The American people voted for more of th same. I don’t think they realized that they were voting for collapse, but that will be the effect of it nonetheless.

    Yep Ryan’s a good guy but even his plan was too spread over decades and the proggies can make a whole lot of expensive crises during that amount of time


  38. RIX
    38 | November 14, 2012 11:49 am

    @ lobo91:He

    also knew that the best way to reason with Muslims was after shooting them.
    I do believe that he was onto something.

    Winnie was a wise man.


  39. poteen
    39 | November 14, 2012 11:49 am

    RIX wrote:

    As we head into a Brave New World with a managed economy,
    it is comforting to know that Obama has trustworthy advisers.
    Yesterday he hosted Trumpka of the AFL-Cio, The SEIU and
    Move On.Org etc.
    We are in excellent hands./

    They handed him his assignments for the month. no sarc.


  40. lobo91
    40 | November 14, 2012 11:51 am

    @ poteen:

    I would really like to have heard what went on in that meeting.


  41. Tanker
    41 | November 14, 2012 11:52 am

    lobo91 wrote:

    RIX wrote:

    @ lobo91:
    “The best argument against democracy is a five-minute conversation with the average voter.” -
    — Winston Churchill
    I do believe that he was onto something.

    He also knew that the best way to reason with Muslims was after shooting them.

    That is the only time reason kicks in. They finally get their 72 f--kings by all the goats in hell!


  42. poteen
    42 | November 14, 2012 11:54 am

    lobo91 wrote:

    @ poteen:
    I would really like to have heard what went on in that meeting.

    Our metrosexual President doesn’t make decisions, they are made for him by that very ‘Board of Directors’.


  43. lobo91
    43 | November 14, 2012 11:56 am

    Well, it looks like I get to make a trip down to the VA office. The idiot who called to tell me that I didn’t serve in combat left a number that doesn’t accept calls.

    You’ll know that I got there when the story comes out on Fox News…
    //


  44. RIX
    44 | November 14, 2012 11:56 am

    @ poteen:

    They handed him his assignments for the month. no sarc

    They own him now. He’s cool with it as long as he keeps the
    plane & the house & gets to destroy society.


  45. lobo91
    45 | November 14, 2012 11:56 am

    poteen wrote:

    lobo91 wrote:

    @ poteen:
    I would really like to have heard what went on in that meeting.

    Our metrosexual President doesn’t make decisions, they are made for him by that very ‘Board of Directors’.

    I’m pretty sure that it involved champagne.


  46. RIX
    46 | November 14, 2012 11:57 am

    @ lobo91:
    You’re looking at the template for ObamaCare.


  47. heysoos
    47 | November 14, 2012 11:57 am

    whenever I think ahead to the hardships my kids will have to deal with, I think about outsider and his collective lunatics that got us here


  48. lobo91
    48 | November 14, 2012 11:58 am

    RIX wrote:

    @ lobo91:
    You’re looking at the template for ObamaCare.

    No kidding


  49. poteen
    49 | November 14, 2012 12:00 pm

    lobo91 wrote:

    You’ll know that I got there when the story comes out on Fox News…

    Show ‘em what you learned in combat. Might as well start it now.
    Figures the first to fell the pinch in this admin are the veterans.


  50. 50 | November 14, 2012 12:00 pm

    @ RIX:

    Mark Levin played his “this was their finest hour” speech the other day to contrast with John Boehner’s “let me roll over and play dead” remarks.


  51. lobo91
    51 | November 14, 2012 12:01 pm

    RIX wrote:

    @ lobo91:
    You’re looking at the template for ObamaCare.

    In my case, it’s part of the budget plan, too.

    They deliberately forced me off active duty 93 days before I would have become eligible for my active duty retirement, which means I won’t get any retirement pay until the end of 2019.

    Now, they’re refusing to provide the medical care I’m legally entitled to.

    I’m pretty sure that the idea is that if I don’t survive to collect my retirement pay, they’ll save a ton of money.


  52. lobo91
    52 | November 14, 2012 12:03 pm

    @ poteen:

    Show ‘em what you learned in combat. Might as well start it now.
    Figures the first to fell the pinch in this admin are the veterans.

    Remember the police station scene in the first Terminator movie?

    Tempting…


  53. RIX
    53 | November 14, 2012 12:04 pm

    @ lobo91:

    In my case, it’s part of the budget plan, too.

    They deliberately forced me off active duty 93 days before I would have become eligible for my active duty retirement, which means I won’t get any retirement pay until the end of 2019.

    Now, they’re refusing to provide the medical care I’m legally entitled to.

    I’m pretty sure that the idea is that if I don’t survive to collect my retirement pay, they’ll save a ton of money.

    That sucks.”Thank you for your service, now go away”
    Fight them.


  54. 54 | November 14, 2012 12:06 pm

    @ Carolina Girl:

    I think Boehner should agree to tax increases on people who make over 1 million dollars. Plus he should propose a 30% tax on Entertainment industry profits. Obama will balk and then Boehner should say Obama’s defending tax cuts for the rich.


  55. SciFiGuy
    55 | November 14, 2012 12:06 pm

    lobo91 wrote:

    @ poteen:

    Show ‘em what you learned in combat. Might as well start it now.
    Figures the first to fell the pinch in this admin are the veterans.

    Remember the police station scene in the first Terminator movie?

    Tempting…

    “I’ll be Back”


  56. RIX
    56 | November 14, 2012 12:07 pm

    Pelosi said today that she ran for minority leader again
    because, “I don’t want a white male running the Democrat
    cacuss.”
    I’ll bet that she lives with a white male who wonders how
    he ever got in this mess.


  57. 57 | November 14, 2012 12:09 pm

    @ Rodan:

    I like that idea. I also like the idea of Boehner saying that there will be no discussion of taxes period until the Senate passes a budget.


  58. Tanker
    58 | November 14, 2012 12:09 pm

    lobo91 wrote:

    RIX wrote:

    @ lobo91:
    You’re looking at the template for ObamaCare.

    In my case, it’s part of the budget plan, too.
    They deliberately forced me off active duty 93 days before I would have become eligible for my active duty retirement, which means I won’t get any retirement pay until the end of 2019.
    Now, they’re refusing to provide the medical care I’m legally entitled to.
    I’m pretty sure that the idea is that if I don’t survive to collect my retirement pay, they’ll save a ton of money.

    Good luck in your dealings with the Va. I feel for you on the retirement issue. If it makes you feel any better(and I’m sure it doesn’t), they (VA) do it with just about all vets. I’ve given up on them. I have some rather serious issues with little to no help from them and I’m active retired! TriCare is somewhat better, but in many ways it’s no better (they turn down many needed tests). Stay strong Brother!


  59. lobo91
    59 | November 14, 2012 12:10 pm

    @ RIX:

    And I know for a fact that it’s all about money, because of what happened when I volunteered for a tour in Afghanistan later.

    I spent months jumping through all sorts of hoops and got everything approved, only to have my orders cancelled 10 days prior to my departure date by Human Resources Command.

    This was after having not one but two 4 star commanders sign off on my assignment.

    As a result, a brigade deployed with a critical position vacant, because I was the only qualified person who applied for the position.


  60. 60 | November 14, 2012 12:12 pm

    @ RIX:

    I think Paul spends his days at the non-union winery in Napa staffed with illegals with the phones and the TV turned off hoping she has a reason to stay in DC for another week.


  61. RIX
    61 | November 14, 2012 12:12 pm

    @ lobo91:

    As a result, a brigade deployed with a critical position vacant, because I was the only qualified person who applied for the position.

    The whole thing sucks a husky. Fight the bastards, this
    is no handout, you earned it.


  62. RIX
    62 | November 14, 2012 12:13 pm

    Carolina Girl wrote:

    @ RIX:

    I think Paul spends his days at the non-union winery in Napa staffed with illegals with the phones and the TV turned off hoping she has a reason to stay in DC for another week.

    It has to be a miserable existence.


  63. RIX
    63 | November 14, 2012 12:14 pm

    See y’all later.


  64. lobo91
    64 | November 14, 2012 12:14 pm


  65. buzzsawmonkey
    65 | November 14, 2012 12:17 pm

    Rodan wrote:

    I think Boehner should agree to tax increases on people who make over 1 million dollars. Plus he should propose a 30% tax on Entertainment industry profits. Obama will balk and then Boehner should say Obama’s defending tax cuts for the rich.

    Absolutely. Kill the cat by drowning it in cream.


  66. 66 | November 14, 2012 12:20 pm

    @ lobo91:
    Reading things like that makes me almost believe I did the right thing by going to college instead of joining the Marines. Almost.


  67. lobo91
    67 | November 14, 2012 12:21 pm

    Iron Fist wrote:

    @ lobo91:
    Reading things like that makes me almost believe I did the right thing by going to college instead of joining the Marines. Almost.

    If you were only going to serve a few years, maybe.

    I tell anyone who asks me today that planning on a military career is a mistake.


  68. MikeA
    68 | November 14, 2012 12:33 pm

    DOW down 72 points at the moment. October Retail sales down 0.3% instead of 0.2% expected. and so it begins…

    Also keep in mind that Marc Faber has been know to be a doom and gloom guy. Not saying he doesn’t have a point and we are heading toward the wall at 100 MPH…. We are heading to a collapse.


  69. SciFiGuy
    69 | November 14, 2012 12:34 pm

    @ lobo91:
    Was medically discharged 67 days before I could have been medically retired. I feel your pain. Both literally and figuratively.


  70. Tanker
    70 | November 14, 2012 12:36 pm

    MikeA wrote:

    DOW down 72 points at the moment. October Retail sales down 0.3% instead of 0.2% expected. and so it begins…
    Also keep in mind that Marc Faber has been know to be a doom and gloom guy. Not saying he doesn’t have a point and we are heading toward the wall at 100 MPH…. We are heading to a collapse.

    He also seems to have missed the period between 2008 to present when he talks about living above our means!


  71. 71 | November 14, 2012 12:39 pm

    buzzsawmonkey wrote:

    Rodan wrote:
    I think Boehner should agree to tax increases on people who make over 1 million dollars. Plus he should propose a 30% tax on Entertainment industry profits. Obama will balk and then Boehner should say Obama’s defending tax cuts for the rich.
    Absolutely. Kill the cat by drowning it in cream.

    I totally agree. If $5 million bonus for work on Wall Street is outrageous and unwarranted, certainly being paid $17 million for two months’ work plus per diem is ridiculous. If Wall Street profits are obscene, so are profits for concerts, etc. You make over a million dollars in a week playing in front of crowds? Turn over 40% to the government.

    And when they complain (and the libturds WILL), tell them -- “what are you complaining for? Didn’t you talk about how much more you wanted to pay in taxes?”


  72. 72 | November 14, 2012 12:42 pm

    @ Tanker:

    I noticved that, too. We’ve added 50% to our debt since Obama took office, or near enough. And no end in sight. The country is barely crawling, economically, so of course Obama wants to raise taxes. Any way it goes we are doomed as a country. I just don’t see a way politically out of this. The parasites on entitlements will never vote for reductions in their benefits, even if those benefits collape the system. The same is true for the pensions for members of Public Employees Unions. Those unfunded liabilities are going to have to be paisd somehow, and that will break the backs of many states. And the Federal Government doesn’t have the money to bail them out. That money has already been stolen by Obama’s cronies and Democrat constituencies.


  73. coldwarrior
    73 | November 14, 2012 12:43 pm

    if the military would just vote dem, then all would be good!


  74. 74 | November 14, 2012 12:45 pm

    @ Carolina Girl:

    Exactly. Tax the rich, but make sure it is really the rich oyou are taxing. Entertainers need to cough it up. Make $5 million a year playing a game? Pony up, Obama Voter.


  75. 75 | November 14, 2012 12:48 pm

    Oh, and smell the Arab Spring®:

    CAIRO: Egypt’s Islamist Freedom and Justice Party, formerly headed by President Mohamed Morsi, said on Wednesday Egypt would no longer stand by as Israel attacked Palestinians after air strikes killed a Hamas leader.

    The FJP, the political arm of the powerful Muslim Brotherhood movement, said Israeli air strikes that killed top militant Ahmed al-Jaabari in Gaza earlier on Wednesday required “swift Arab and international action to stop the massacres.”

    The party, which fielded Morsi in a June election to replace toppled president Hosni Mubarak, said Israel “must take into account the changes in the Arab region and especially Egypt.”

    Egypt “will not allow the Palestinians to be subjected to Israeli aggression, as in the past,” the party statement said.

    I wonder what the Muslim Btrotherhood intends to do? Egypt can’t really fight a war against Israel. Israel would simply wipe their military out. Of course, that hasn’t always stopped Mohammedan regimes from starting wars…


  76. 76 | November 14, 2012 12:53 pm

    Rodan -- I’m floating your entertainment tax idea over at Twitter.


  77. Purre
    77 | November 14, 2012 12:55 pm

    @ Carolina Girl:
    I’d love to see that come true.


  78. 78 | November 14, 2012 12:59 pm

    @ Purre:

    It would be a beautiful thing. The Left would Scream, too. I think the Republicans should come up with as many ways to tax Blue America as heavily as possible. Squeeze them like a sponge. They keep complaining that taxes are too low. Another one I like is making mortgage interest no longer deductible on balances more than $250K. Go after the “wealthy elite” who live in McMansions. Of course, a $250K property in th eSan Francisco Bay area is a hovel, but California voted for higher taxes this time around. Give them what they’ve asked for.


  79. bluliner10
    79 | November 14, 2012 1:00 pm

    @ Carolina Girl:
    Tax the court jesters who offer NOTHING!


  80. coldwarrior
    80 | November 14, 2012 1:03 pm

    bamster’s gonna have a presser today!

    first since march, effing coward


  81. 82 | November 14, 2012 1:10 pm

    @ coldwarrior:

    Nobody will ask him any substantive questions. I bet he’s already vetted what will be asked, and has his answer in his teleprompter. It’d be nice if we had a real journalist who would go off script, but they don’t allow Fox into these things.


  82. buzzsawmonkey
    83 | November 14, 2012 1:13 pm

    coldwarrior wrote:

    bamster’s gonna have a presser today!

    first since march, effing coward

    Potemkin village: prewritten, phony “hard questions.”


  83. coldwarrior
    84 | November 14, 2012 1:15 pm

    @ buzzsawmonkey:

    perfect.


  84. waldensianspirit
    85 | November 14, 2012 1:17 pm

    Well I’m disappointed. I thought outsider was gonna type down a serious doable plan


  85. waldensianspirit
    86 | November 14, 2012 1:18 pm

    @ buzzsawmonkey:
    @ coldwarrior:
    That Choom question is a doozy


  86. Purre
    87 | November 14, 2012 1:19 pm

    @ waldensianspirit:
    I don’t think he’s able to plan his week, so outlining even simple plan for nation to survive the mounting debts is well beyond his capabilities.


  87. 88 | November 14, 2012 1:21 pm

    @ buzzsawmonkey:

    Exactly what I expected. Obama has already vetted the questions, and they are all softballs. He wouldn’t do a real press confrence with a hostile or neutral press. He’ll only go in front of his toadys and let them ask him the questions he approves. It is as much a propaganda op as anything in a totalitarian society.


  88. 89 | November 14, 2012 1:22 pm

    Purre wrote:

    I don’t think he’s able to plan his week

    He plans his day based on the talking points the DNC emails him. He isn’t curious enough t olook outside of them for anything, let alone actually form an original thought.


  89. buzzsawmonkey
    90 | November 14, 2012 1:23 pm

    @ waldensianspirit:
    @ Purre:

    Obama’s posting here? Well, that answers the question of what he does all day.


  90. Storagemanager
    91 | November 14, 2012 1:25 pm

    I for one am gona laugh when the obots see the life ahead of them…


  91. buzzsawmonkey
    92 | November 14, 2012 1:26 pm

    Storagemanager wrote:

    I for one am gona laugh when the obots see the life ahead of them…

    They won’t mind, because you’ll be suffering too.


  92. Storagemanager
    93 | November 14, 2012 1:27 pm

    The Islamist Freedom and Justice Party in Egypt warned Israel the country will no longer stand by and tolerate Israeli attacks on Palestinians.

    This came after Israel killed Ahmed al-Jaabari, the head of the military wing of Hamas, today in an airstrike.
    http://www.thegatewaypundit.com/


  93. Storagemanager
    94 | November 14, 2012 1:28 pm

    buzzsawmonkey wrote:

    Storagemanager wrote:
    I for one am gona laugh when the obots see the life ahead of them…
    They won’t mind, because you’ll be suffering too.

    been doing that since 09…lol


  94. buzzsawmonkey
    95 | November 14, 2012 1:29 pm

    300,000 Ohio ballots remain uncounted.

    More than the margin of Obama’s win.


  95. 96 | November 14, 2012 1:31 pm

    @ buzzsawmonkey:

    And that is the truth. They want the equality of slavery rather than have someone rise “above their station” and actually do well. They aren’t really anti-wealth. Ask John Kerry about that. They love Old Money, and even some of th enew as long as it is donating to the right campaigns. What they absolutely hate is the middle and upper middle class that is upwardly mobile in society. They see them as a threat to their specialness, and that is intolerable. Only by destroying the middle class can they be assured that they ahve their “rightful” place in the world. With their boot on everyone else’s neck.


  96. waldensianspirit
    97 | November 14, 2012 1:32 pm

    @ Storagemanager:
    That compliments the Headline upper right about the strike


  97. Storagemanager
    98 | November 14, 2012 1:32 pm

    The Iron Dome rocket defense system successfully intercepted a total of 15 rockets on Wednesday evening, Channel 2 reported. http://www.jpost.com/Headlines/Article.aspx?id=291852


  98. 99 | November 14, 2012 1:33 pm

    @ buzzsawmonkey:

    I noticed that this morning. It wouldn’t change the outcome if he did flip Ohio, but it doesn’t look much like they care to get the counting done. If we’d held Virginia and Florida, though, it would have mattered a great deal. If wishes were fishes we’d all cast nets.


  99. 100 | November 14, 2012 1:35 pm

    Rodan wrote:

    @ lobo91:
    Leia has more common sense than most Americans.

    So do El Gato and La Gata. They are quite ready to catch their own food whenever the opportunity presents themselves. In fact, they do a pretty good job of ridding the place of flying bugs that stupidly try to follow us in the front door.


  100. heysoos
    101 | November 14, 2012 1:38 pm

    presser time….
    Fox is streaming it


  101. Purre
    102 | November 14, 2012 1:41 pm

    @ buzzsawmonkey:
    There’s always the possibility of golf.


  102. buzzsawmonkey
    103 | November 14, 2012 1:42 pm

    Iron Fist wrote:

    What they absolutely hate is the middle and upper middle class that is upwardly mobile in society. They see them as a threat to their specialness, and that is intolerable. Only by destroying the middle class can they be assured that they ahve their “rightful” place in the world. With their boot on everyone else’s neck.

    Misery loves company.

    This brings us to two things. First, the “disavowal of middleclassness” that was a tenet of Jeremiah Wright’s church—a tenet that disappeared from the website during the brief notoriety Wright experienced during the 2008 campaign. “Disavowal of middleclassness” is merely the Marxist hatred of “the bourgeoisie” recast in modern academic/therapy language. It ignores the fact that “middleclassness” is the only thing that can cure the dysfunctional black community, for “middleclassness” is the deferment of immediate gratification in the pursuit of future goals. This means not buying things you can’t afford, planning for the future, having children one can support within a stable family relationship—all the things that the government does not encourage.

    The second thing is that the hatred of “middleclassness” is one of the oft-overlooked bases of antisemitism. Society as envisioned in the Bible is a life of independent self-sufficiency; “every man beneath his own vine and fig tree.” There is no serf class or noble class described in the Bible; there is slavery, mostly a matter of indentured servitude for debt, but this is treated as an evil to be minimized as much as possible. Jews have been the middle class in most societies where they have sojourned—and, thereby, an object of envy by the serf class and of fear by the upper class.


  103. lobo91
    104 | November 14, 2012 1:44 pm

    I started reading Vince Flynn’s first novel yesterday. It’s surprisingly timely, considering that it was published in 1997.

    In it, a group orchestrates the assassination of three senior members of Congress the night before the House was due to pass another pork-filled budget.

    A few hours later, major news outlets receive copies of a letter outlinging the group’s demands, which are that the government immediately pass a balanced budget without raising taxes, and begin working to pay down the debt (which, at that time, was $5 trillion), under threat of continued assassinations.

    While the method is a bit extreme, it at least might get their attention…


  104. buzzsawmonkey
    105 | November 14, 2012 1:44 pm

    Iron Fist wrote:

    I noticed that this morning. It wouldn’t change the outcome if he did flip Ohio, but it doesn’t look much like they care to get the counting done. If we’d held Virginia and Florida, though, it would have mattered a great deal. If wishes were fishes we’d all cast nets.

    An aggressive campaign to get the Ohio votes counted—accurately, which means checking the questionable precincts—and going after the questionable votes in Pennsylvania, Florida, and Virginia, could in fact change the outcome. But it will not happen.


  105. Storagemanager
    106 | November 14, 2012 1:45 pm

    Paula Broadwell, the author who allegedly had an affair with former CIA Director David Petraeus, is suspected of storing significant amounts of military documents, including classified material, at her home, potentially in violation of federal law.

    A source familiar with case told ABC News that Broadwell admitted to the FBI she took the documents from secure government buildings. The government demanded that they all be given back, and when federal agents descended on her North Carolina home on Monday night it was a pre-arranged meeting.

    Prosecutors are now determining whether to charge Broadwell with a crime, and this morning the FBI and military are pouring over the material. The 40-year-old author, who wrote the biography on Gen. Petraeus “All In,” is cooperating and the case, which is complicated by the fact that as an intelligence officer in the U.S. Military Reserve she had security clearance to review the documents.
    http://weaselzippers.us/


  106. buzzsawmonkey
    107 | November 14, 2012 1:45 pm

    Purre wrote:

    There’s always the possibility of golf.

    Obama does love to smack white balls around, doesn’t he?


  107. coldwarrior
    108 | November 14, 2012 1:46 pm

    the math does not work…

    it sure don’t barry!

    :lol:


  108. lobo91
    109 | November 14, 2012 1:47 pm

    @ Storagemanager:

    The 40-year-old author, who wrote the biography on Gen. Petraeus “All In,” is cooperating and the case, which is complicated by the fact that as an intelligence officer in the U.S. Military Reserve she had security clearance to review the documents.

    Her clearance doesn’t give her the authority to keep classified documents in her home.


  109. 110 | November 14, 2012 1:47 pm

    @ buzzsawmonkey:

    Interesting. I hadn’t thought of the connection to anti-Semitism, but we know Trinity Church of Christ is anti-Semitic from its position vis the Palestinians. We also know that Obama, at the very least, dislikes Jews and particularly the State of Israel, while he is very favorably disposed to the Muslims. I think relations between the US and Israel are going to get a lot chillier, especially if Netanyahu is re-elected in his next election.


  110. Storagemanager
    111 | November 14, 2012 1:48 pm

    Turned off the tv…ears was making me sick…


  111. lobo91
    112 | November 14, 2012 1:49 pm

    coldwarrior wrote:

    the math does not work…

    it sure don’t barry!

    At what point do the tax rates simply exist? We’ve had the current tax rates for over a decade now. It’s about time we stop refering to them as the “Bush tax cuts.”

    Bush never referred to the rates that existed when he took office as the “Clinton tax increases,” after all.


  112. 113 | November 14, 2012 1:50 pm

    buzzsawmonkey wrote:

    An aggressive campaign to get the Ohio votes counted—accurately, which means checking the questionable precincts—and going after the questionable votes in Pennsylvania, Florida, and Virginia, could in fact change the outcome. But it will not happen.

    Nope. Since Kennedy stole the election from Nixon, the GOP have been pussies about going after the illegal voters. Maybe even before then.


  113. lobo91
    114 | November 14, 2012 1:52 pm

    @ Iron Fist:

    Nope. Since Kennedy stole the election from Nixon, the GOP have been pussies about going after the illegal voters. Maybe even before then.

    Hell, it’s just become a part of the popular culture.

    Mention “the dead” voting and everyone knows what you mean.


  114. buzzsawmonkey
    115 | November 14, 2012 1:52 pm

    Iron Fist wrote:

    Since Kennedy stole the election from Nixon, the GOP have been pussies about going after the illegal voters. Maybe even before then.

    Does the GOP institutionally have Stockholm Syndrome from the FDR years?


  115. lobo91
    116 | November 14, 2012 1:52 pm

    Yeah, lots and lots of illegal immigrants from Mexico come here so they can start software companies.
    //


  116. buzzsawmonkey
    117 | November 14, 2012 1:53 pm

    lobo91 wrote:

    Yeah, lots and lots of illegal immigrants from Mexico come here so they can start software companies.

    Well, soft-taco stands…


  117. 118 | November 14, 2012 1:54 pm

    @ lobo91:

    When taxes go up, the GOP must brand them the Obama Tax Increases. Forever. That may be all we can do about them, but at the very least we should make Obama own them.


  118. buzzsawmonkey
    119 | November 14, 2012 1:55 pm

    lobo91 wrote:

    Yeah, lots and lots of illegal immigrants from Mexico come here so they can start software companies.

    I hear AzTech is doing very well with its new Quetzalcoatl operating system.


  119. coldwarrior
    120 | November 14, 2012 1:55 pm

    lobo91 wrote:

    At what point do the tax rates simply exist? We’ve had the current tax rates for over a decade now. It’s about time we stop refering to them as the “Bush tax cuts.”

    Bush never referred to the rates that existed when he took office as the “Clinton tax increases,” after all.

    gop are spineless turds.

    any one of them could point this out, but no.


  120. heysoos
    121 | November 14, 2012 1:56 pm

    back into a recession?….BO is delusional, he actually thinks we are recovering


  121. 122 | November 14, 2012 1:57 pm

    @ coldwarrior:

    To Democrats, tax rates are naturally high. Anything that reuces them is unnatural. It is practically a sin in their religion to cut taxes.


  122. lobo91
    123 | November 14, 2012 1:58 pm

    @ coldwarrior:

    Andrew Wilkow goes off on that almost every day on his show.

    There’s no such thing as a tax “cut.” There are tax rates, which are set in federal law.


  123. buzzsawmonkey
    124 | November 14, 2012 1:58 pm

    Iron Fist wrote:

    To Democrats, tax rates are naturally high. Anything that reuces them is unnatural. It is practically a sin in their religion to cut taxes.

    Maybe if the GOP started saying “tax cuts are an abortion,” the Democrats would support them.


  124. yenta-fada
    125 | November 14, 2012 1:59 pm

    After that charade of an election, I’m ready for a puppies/music/flower arranging blog. /


  125. coldwarrior
    126 | November 14, 2012 1:59 pm

    heysoos wrote:

    back into a recession?….BO is delusional, he actually thinks we are recovering

    well, using cooked books says we have recovered


  126. lobo91
    127 | November 14, 2012 1:59 pm

    This whole thing is such a sham. It’s obvious that the questions were pre-arranged. He’s going down a list of names to call on.


  127. coldwarrior
    128 | November 14, 2012 2:00 pm

    @ Iron Fist:
    @ lobo91:

    taxes are coercive control of behavior


  128. lobo91
    129 | November 14, 2012 2:01 pm

    yenta-fada wrote:

    After that charade of an election, I’m ready for a puppies/music/flower arranging blog. /

    Between that and my ongoing fight with the VA, I’m ready to embrace Vince Flynn’s solution.

    I’ll need to pick up some more .308 ammo first. I don’t think I have 535 rounds on hand at the moment.

    //


  129. buzzsawmonkey
    130 | November 14, 2012 2:02 pm

    lobo91 wrote:

    This whole thing is such a sham. It’s obvious that the questions were pre-arranged.

    See the link in #83 above.


  130. 131 | November 14, 2012 2:02 pm

    @ coldwarrior:

    The power to tax its the power to destroy. That’s why the NFA is unconstitutional, though I doubt you’ll ever get the Supreme Court to say that.


  131. yenta-fada
    132 | November 14, 2012 2:02 pm

    Imho, the 2008 was the beginning of the financial depression. It didn’t get better no matter how many big fat lies the gov/media told.


  132. heysoos
    133 | November 14, 2012 2:03 pm

    lobo91 wrote:

    This whole thing is such a sham. It’s obvious that the questions were pre-arranged. He’s going down a list of names to call on.

    he rambles uselessly, burning up time


  133. buzzsawmonkey
    134 | November 14, 2012 2:03 pm

    yenta-fada wrote:

    Imho, the 2008 was the beginning of the financial depression. It didn’t get better no matter how many big fat lies the gov/media told.

    And with the Lemonade Stand Banning Laws, you can’t even sell apples on the streetcorner.


  134. yenta-fada
    135 | November 14, 2012 2:03 pm

    coldwarrior wrote:

    heysoos wrote:
    back into a recession?….BO is delusional, he actually thinks we are recovering
    well, using cooked books says we have recovered

    Oh, I thought you said COOKBOOKS. /


  135. lobo91
    136 | November 14, 2012 2:03 pm

    buzzsawmonkey wrote:

    lobo91 wrote:

    This whole thing is such a sham. It’s obvious that the questions were pre-arranged.

    See the link in #83 above.

    I saw that.

    You’d think he could at least pretend to look around and call on people, rather than reading their names off a list.


  136. buzzsawmonkey
    137 | November 14, 2012 2:05 pm

    heysoos wrote:

    he rambles uselessly, burning up time

    Obama was born a ramblin’ man
    Incoherent babbling and no program
    And when he confiscates your cash, I hope you understand
    That he was born a ramblin’ man


  137. lobo91
    138 | November 14, 2012 2:05 pm

    So now we’re supposed to believe that Susan Rice--of her own volition--decided to go on 5 different Sunday talk shows and put out false information?


  138. buzzsawmonkey
    139 | November 14, 2012 2:06 pm

    lobo91 wrote:

    You’d think he could at least pretend to look around and call on people, rather than reading their names off a list.

    1) He’s not very bright, so he doesn’t do well off script.

    2) He won, and so he doesn’t give a shit.


  139. yenta-fada
    140 | November 14, 2012 2:06 pm

    lobo91 wrote:

    yenta-fada wrote:
    After that charade of an election, I’m ready for a puppies/music/flower arranging blog. /
    Between that and my ongoing fight with the VA, I’m ready to embrace Vince Flynn’s solution.
    I’ll need to pick up some more .308 ammo first. I don’t think I have 535 rounds on hand at the moment.
    //

    You won’t get internet access in your cell. Or BBQ. OTOH, you won’t have to worry about paying the bills. I can see the quandry….


  140. 141 | November 14, 2012 2:07 pm

    lobo91 wrote:

    You’d think he could at least pretend to look around and call on people, rather than reading their names off a list.

    You’re giving Obama too much credit for intelligence. I doubt he could remember who to call on next if he wasn’t reading it off a list. Obama’s not even a good actor. He’s a teleprompter reader with a hard-Left ideology who promised free shit to millions of voters who don’t care how it is paid for.


  141. coldwarrior
    142 | November 14, 2012 2:07 pm

    fake ‘tough questions’


  142. lobo91
    143 | November 14, 2012 2:07 pm

    @ buzzsawmonkey:

    He’s pretty good at acting indignant.


  143. coldwarrior
    144 | November 14, 2012 2:08 pm

    yenta-fada wrote:

    Imho, the 2008 was the beginning of the financial depression. It didn’t get better no matter how many big fat lies the gov/media told.

    2001


  144. 145 | November 14, 2012 2:08 pm

    @ lobo91:

    I could almost believe that Obama is so incompetant that he doesn’t know what his own cabinet is doing…


  145. heysoos
    146 | November 14, 2012 2:09 pm

    buzzsawmonkey wrote:

    heysoos wrote:
    he rambles uselessly, burning up time
    Obama was born a ramblin’ man
    Incoherent babbling and no program
    And when he confiscates your cash, I hope you understand
    That he was born a ramblin’ man

    good on…I set em up, you knock em down


  146. coldwarrior
    147 | November 14, 2012 2:09 pm

    yenta-fada wrote:

    coldwarrior wrote:
    heysoos wrote:
    back into a recession?….BO is delusional, he actually thinks we are recovering
    well, using cooked books says we have recovered
    Oh, I thought you said COOKBOOKS. /

    if we used cookbooks the gdp would necessarily rise.


  147. CynicalConservative
    148 | November 14, 2012 2:09 pm

    So am I nuts for wanting to take my money out of the market (meager) and pay off what debts I can (equally meager)?

    /galt


  148. SciFiGuy
    149 | November 14, 2012 2:10 pm

    @ yenta-fada:
    2006. When the Dems took over the house. It went downhill from there..


  149. heysoos
    150 | November 14, 2012 2:10 pm

    blahblahblah….more campaigning


  150. yenta-fada
    151 | November 14, 2012 2:11 pm

    lobo91 wrote:

    So now we’re supposed to believe that Susan Rice--of her own volition--decided to go on 5 different Sunday talk shows and put out false information?

    The election taught the progs everything they needed to know about the triumph of the Cloward/Piven agenda. ‘Get out of jail free’ cards for the real criminals!


  151. lobo91
    152 | November 14, 2012 2:11 pm

    Iron Fist wrote:

    @ lobo91:

    I could almost believe that Obama is so incompetant that he doesn’t know what his own cabinet is doing…

    That whole fake indignation bit over Susan Rice was surreal. He basically said that nobody sent her out there to lie for them. She apparently went out all by herself and put out “the best information she had” at the time.

    WTF?


  152. yenta-fada
    153 | November 14, 2012 2:13 pm

    CynicalConservative wrote:

    So am I nuts for wanting to take my money out of the market (meager) and pay off what debts I can (equally meager)?
    /galt

    Stock market=Casino. It’s a club and you’re not in it.


  153. coldwarrior
    154 | November 14, 2012 2:13 pm

    CynicalConservative wrote:

    So am I nuts for wanting to take my money out of the market (meager) and pay off what debts I can (equally meager)?
    /galt

    not is you assume that there is going to be inflation


  154. 155 | November 14, 2012 2:14 pm

    @ lobo91:

    Yeah, and they stuck with that story for two weeks why? Oh, and what about that guy that went to the UN and ran his mouth about people insulting”Islam’s Prophet”? What’s his excuse? :roll:


  155. heysoos
    156 | November 14, 2012 2:14 pm

    lobo91 wrote:

    Iron Fist wrote:

    @ lobo91:
    I could almost believe that Obama is so incompetant that he doesn’t know what his own cabinet is doing…

    That whole fake indignation bit over Susan Rice was surreal. He basically said that nobody sent her out there to lie for them. She apparently went out all by herself and put out “the best information she had” at the time.
    WTF?

    yup, she went under the bus


  156. buzzsawmonkey
    157 | November 14, 2012 2:14 pm

    lobo91 wrote:

    He’s pretty good at acting indignant.

    That’s not acting. Resentment is the core of his being, which is why he’s a revanchist.

    He resents having been an unloved bastard child who barely knew his father.
    He resents having been a foreign child in his youth in Indonesia.
    He resents having been foreign in the United States when he returned.
    He resents having had the way smoothed for him—for, while he is lazy, he resents having never known genuine achievement (though he likely does not know that, not being self-reflective), and he resents knowing that other people are smarter than he and got where they did on their own efforts.
    He resents being black, even though it is the source of his perquisites; he was taught this in his youth by his mentor.
    He resents the nation he runs and the Western society that created it.
    He resents that he is living in a house whose history reminds him daily what a mediocrity he is.


  157. yenta-fada
    158 | November 14, 2012 2:14 pm

    coldwarrior wrote:

    yenta-fada wrote:
    Imho, the 2008 was the beginning of the financial depression. It didn’t get better no matter how many big fat lies the gov/media told.
    2001

    Of course. I meant the 2008 CRASH.


  158. coldwarrior
    159 | November 14, 2012 2:15 pm

    if he stabilizes the debt while growing gdp (turns around the economy), the gop is in heap big trouble!

    be very glad he is an ideologue, not a politician like clinton.

    although….how he owes no one anything…no more elections.


  159. lobo91
    160 | November 14, 2012 2:15 pm

    @ heysoos:

    yup, she went under the bus

    Doesn’t sound like it. He’s still talking about nominating her to replace Hillary.


  160. 161 | November 14, 2012 2:16 pm

    @ heysoos:

    That’s OK. He’ll still nominate her for Sec State. It’ll be interesting to see how John Kerry votes on that since he really wanted that gig. I guess Obama will hold Sec Def over his head so he’ll vote right, though. These people are as predictible as the tides.


  161. lobo91
    162 | November 14, 2012 2:17 pm

    @ coldwarrior:

    if he stabilizes the debt while growing gdp (turns around the economy), the gop is in heap big trouble!

    Of course, there’s a 0.00% chance of either happening.


  162. coldwarrior
    163 | November 14, 2012 2:17 pm

    lobo91 wrote:

    @ heysoos:
    yup, she went under the bus
    Doesn’t sound like it. He’s still talking about nominating her to replace Hillary.

    and he will because the current gop is spineless, especially the senate


  163. buzzsawmonkey
    164 | November 14, 2012 2:17 pm

    Iron Fist wrote:

    These people are as predictible as the tides.

    …Foundation…


  164. lobo91
    165 | November 14, 2012 2:18 pm

    Oh, look…now he’s talking about another topic he doesn’t understand.


  165. coldwarrior
    166 | November 14, 2012 2:18 pm

    lobo91 wrote:

    @ coldwarrior:
    if he stabilizes the debt while growing gdp (turns around the economy), the gop is in heap big trouble!
    Of course, there’s a 0.00% chance of either happening.

    i know.

    it would be hysterical tho.


  166. lobo91
    167 | November 14, 2012 2:19 pm

    What more can we do to fix climate change?

    I’m sure there are lots more bogus green energy companies out there to give money to…


  167. heysoos
    168 | November 14, 2012 2:21 pm

    lobo91 wrote:

    @ heysoos:
    yup, she went under the bus
    Doesn’t sound like it. He’s still talking about nominating her to replace Hillary.

    she answers to the WH…she used their talking points that Sunday, all of which proved false…BO used her and she took the hit…the rest is drivel…actually you’re right, she’s being rewarded for being on point…probably a buffer between what she knows and what Clinton knows


  168. lobo91
    169 | November 14, 2012 2:21 pm

    I wonder if Leia would qualify as a “minority” business owner? She’s a half-black female canine-American.

    If she were to start a “green” energy company, we might be able to rake in some of Obama’s stash…


  169. 170 | November 14, 2012 2:21 pm

    @ coldwarrior:

    His upping the ante when Boehner said he was willing to talk revenue puts the kibosh on that idea. Making America successful would reqiore Obama to do two things: 1) reject everything he has done to this point, implicitly admitting a mistake and 2) well, it would make America prosper, and Obama has no intention of letting that happen.


  170. buzzsawmonkey
    171 | November 14, 2012 2:23 pm

    lobo91 wrote:

    I wonder if Leia would qualify as a “minority” business owner? She’s a half-black female canine-American.

    If she were to start a “green” energy company, we might be able to rake in some of Obama’s stash…

    Distill methane from dogshit! Dollars for dogsqueeze!


  171. waldensianspirit
    172 | November 14, 2012 2:25 pm

    lobo91 wrote:

    What more can we do to fix climate change?
    I’m sure there are lots more bogus green energy companies out there to give money to…

    Let’s set one up! And then Eeeeeasy streeeeeet!


  172. lobo91
    173 | November 14, 2012 2:27 pm

    waldensianspirit wrote:

    lobo91 wrote:

    What more can we do to fix climate change?
    I’m sure there are lots more bogus green energy companies out there to give money to…

    Let’s set one up! And then Eeeeeasy streeeeeet!

    Unfortunately, I think that only works for Obama donors.


  173. coldwarrior
    174 | November 14, 2012 2:27 pm

    Iron Fist wrote:

    @ coldwarrior:
    His upping the ante when Boehner said he was willing to talk revenue puts the kibosh on that idea. Making America successful would reqiore Obama to do two things: 1) reject everything he has done to this point, implicitly admitting a mistake and 2) well, it would make America prosper, and Obama has no intention of letting that happen.

    be very very glad that 0 is not clinton.

    put billy jeff in this situation and he does what he did in 94. this would destroy the gop as a party for the next few cycles.

    be very glad 0 aint a billyjeff or we would be in heap big trouble


  174. yenta-fada
    175 | November 14, 2012 2:28 pm

    @ buzzsawmonkey:

    Here’s a quick joke I found online:

    It all makes sense now. Gay marriage and marijuana being legalized on the same day.

    Leviticus 20:13. … “if a man lays with another man he should be stoned.”

    You see, we have just been interpreting it the wrong way all these years.


  175. 176 | November 14, 2012 2:29 pm

    buzzsawmonkey wrote:

    I hear AzTech is doing very well with its new Quetzalcoatl operating system.

    Installing is a bitch. You know how hard it is to find a virgin these days?


  176. buzzsawmonkey
    177 | November 14, 2012 2:31 pm

    @ yenta-fada:

    Heh.

    Especially since sometimes the sex act of choice is to chew ‘em.


  177. 178 | November 14, 2012 2:33 pm

    @ coldwarrior:

    No, Obama and the Democrats intend to throw us off the Fiscal Cliff, and guarantee us another round of recession (or really a deepening of the recession we’ve been in). But Obama thinks 9and he may be right about this) that the voters won’t blame him and the Democrats for the recession.


  178. Speranza
    179 | November 14, 2012 2:33 pm

    New thread.


  179. buzzsawmonkey
    180 | November 14, 2012 2:35 pm

    Iron Fist wrote:

    Obama and the Democrats intend to throw us off the Fiscal Cliff

    To appease the Marxist Zardoz god.


  180. lobo91
    181 | November 14, 2012 2:37 pm

    Even Kirsten Powers is baffled by Obama’s nonsense over Rice.


  181. Moe Katz
    182 | November 16, 2012 9:05 pm

    Australian Dietitians test.


  182. Moe Katz
    183 | November 16, 2012 9:16 pm


Back to the Top

The Blogmocracy

website design was Built By David