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Federal Reserve to continue pumping money

by Rodan ( 129 Comments › )
Filed under Bailouts, Economy at September 18th, 2013 - 5:00 pm

In order to keep their Wall Street Friends happy, The Federal Reserve will continue printing 80 billion a year. Let’s not forget that Ben Bernanke worked at Goldman Sachs. He is determining Fed policy not on what is good for the economy or living standards, but just a few fat cats living good.

An economy still stumbling toward recovery was not enough to sway the Federal Reserve, which defied market expectations Wednesday and said it will not begin pulling back on its monthly asset-purchasing program.

Stocks on the Dow industrials and S&P 500 averages surged to record highs on the news and bond yields moved sharply lower, with the benchmark 10-year note most recently at 2.76 percent.

“This is incredibly wimpy,” David Kelly, chief global strategist at JPMorgan Funds, told CNBC.

[....]

aders cheered the developments, despite their somewhat dour implications for the state of the economy, with the belief that more QE would keep fueling the stock rally.

“The idea that the economy is still too weak to taper and market goes up has its limits,” Leon Cooperman, manager of the Omega Advisors hedge fund, told CNBC. “If we keep going we are taking away from future returns.”

Bernanke further insisted that market demands would not dictate Fed action.

This is not free market capitalism, this is corporate socialism. Wall Street maybe doing good, but the average America’s living standards continue to decline. The Federal Reserve and Ben Bernanke are not putting the interest of the nation in their decision, they just want to enrich their friends at our expense.

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129 Responses to “Federal Reserve to continue pumping money”
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  1. Bumr50
    1 | September 18, 2013 5:27 pm

    Wait, I thought ROMNEY was the one who wanted the rich to get richer?

    //

    Working people everywhere are PISSED. If they still have jobs.


  2. 2 | September 18, 2013 5:47 pm

    Isn’t it $80 billion a month that they are printing? Yeah, it is. Actually, that article says $85 billion, but who bothers keeping track aof a mere $5 billion?


  3. 3 | September 18, 2013 5:54 pm

    Oh, and the “stock rally” is a bubble. It seems pretty clear that when we run out of QE the markets will crash. There simply hasn’t been enough job growth to support current valuations. They are just printing the money and dumping it into the private bank accounts of people like Warren Buffet.


  4. 4 | September 18, 2013 6:02 pm

    More important than this however is the back story of how he arrived at this revelation during the middle of today’s trading. Yesterday late, he announced tapering from $85 Billion to $75 Billion, and the market reacted this morning. So, while we looked to be in a palpable decline, he gave us another one of those just kidding or you misunderstood me statements that he’s become so fond of issuing. Presto chango, the markets climbed to a new record high today.

    I believe that I’m about to be ill.


  5. Bumr50
    5 | September 18, 2013 6:11 pm

    @ Flyovercountry:

    Gotta get those 401k’s up before they confiscate them…


  6. yenta-fada
    6 | September 18, 2013 6:36 pm

    The media hype about ‘tapering’ was exactly that. Check out Jim Sinclair @ jsmineset.com. He is pretty clear about why QE/money printing cannot be stopped. Not only will tapering devalue the U.S. dollar as the world’s reserve currency, but it will strike hell into the marked-to-fantasy derivative markets.
    It’s about saving the banking system. We are serfs.


  7. 7 | September 18, 2013 6:38 pm

    @ Flyovercountry:
    It is legaliZed theft from the public coffers. We’ve entered the kleptocracy phase or the end of our republic. Think of it. We are borrowing over a trillion dollars a year, and we are printing about that much in addition. That simply can’t go on forever. When they stop printing money, the market will collapse.


  8. RIX
    8 | September 18, 2013 6:43 pm

    Just heard on the radio that the House is set to defund ObamaCare on Friday.
    Anybody know anything?


  9. 9 | September 18, 2013 6:44 pm

    @ Iron Fist:

    No it won’t collapse, it’ll return to its actual valuation. Those prices justified by actual market tangibles, like profit, revenues, capital accumulation, money owed, etc. The sky is falling scenario is just as damaging as the everything is beautiful lunacy. We all need to put ourselves on a more even keel.


  10. yenta-fada
    10 | September 18, 2013 6:46 pm

    @ Iron Fist:

    We aren’t the ones with the Control + Print money function on our computers. If I see one more deflation/inflation scrum, I’ll scream.
    I think we have both; sometimes one, sometimes the other. If your house price goes down, you have tangible asset deflation. When your taxes, utility bills, and food prices go up, it’s defacto inflation.
    wrt wages, it’s stagflation. We got a ‘flation problem and the powers that be are still playing kick the can down the road.


  11. 11 | September 18, 2013 6:46 pm

    @ RIX:

    Boehner and Canter finally have caved to the Conservative faction in the house rather than the Dems in the Senate. They’re going to send a bill that pays 100% of the Dems wish list, and not one penny for Zerocare in a continuing resolution. Then it’ll be up to the Senate. It’s a political move to try to shift blame for any shut down on the Dems.


  12. yenta-fada
    12 | September 18, 2013 6:47 pm

    RIX wrote:

    Just heard on the radio that the House is set to defund ObamaCare on Friday.
    Anybody know anything?

    There should be bookies who take on this action.


  13. RIX
    13 | September 18, 2013 6:50 pm

    Flyovercountry wrote:

    @ RIX:

    Boehner and Canter finally have caved to the Conservative faction in the house rather than the Dems in the Senate. They’re going to send a bill that pays 100% of the Dems wish list, and not one penny for Zerocare in a continuing resolution. Then it’ll be up to the Senate. It’s a political move to try to shift blame for any shut down on the Dems.

    That’s the trick, because the Dems will be screaming that the Republicans hate Grandma, children & puppies and the MSM will help them.
    They should get out front now saying that Obama wants to shut down the government for spite.
    The Republicans lost the argument under Clinton.


  14. RIX
    14 | September 18, 2013 6:51 pm

    yenta-fada wrote:

    RIX wrote:

    Just heard on the radio that the House is set to defund ObamaCare on Friday.
    Anybody know anything?

    There should be bookies who take on this action.

    Yup, it’s going to get interesting.


  15. Bumr50
    15 | September 18, 2013 6:52 pm

    Assad is making a fool of, well, a fool…


  16. yenta-fada
    16 | September 18, 2013 6:54 pm

    Bumr50 wrote:

    Assad is making a fool of, well, a fool…

    Dis guy?

    http://www.tomllewis.com/wp-content/uploads/2013/09/9-11-Allie-chess.jpg


  17. Bumr50
    17 | September 18, 2013 6:56 pm

    @ yenta-fada:

    He’s on Fox News and others now giving an interview to Dennis Kucinich and some other guy I don’t know.


  18. Bumr50
    18 | September 18, 2013 7:00 pm

    @ yenta-fada:

    I’m SURE he’s lying, but he’s really giving it to the US and sucking up to the Russians.

    He gives good answers.

    We’d be in much worse shape if Soetoro was anywhere NEAR as effective a liar.


  19. 19 | September 18, 2013 7:03 pm

    Flyovercountry wrote:

    No it won’t collapse, it’ll return to its actual valuation. Those prices justified by actual market tangibles, like profit, revenues, capital accumulation, money owed, etc.

    Fair enough, but pretty much all the appreciation for the last five years has been illusory. So the market won’t go to zero, but it will go down to about the same level it was after the 2008 crash. It’ll lose roughly, what, half its value? Some stocks will, of course, do well and others will fall to zero or near zero. It’ll be a bear’s bear market.


  20. yenta-fada
    20 | September 18, 2013 7:05 pm

    Iron Fist wrote:

    Flyovercountry wrote:
    No it won’t collapse, it’ll return to its actual valuation. Those prices justified by actual market tangibles, like profit, revenues, capital accumulation, money owed, etc.
    Fair enough, but pretty much all the appreciation for the last five years has been illusory. So the market won’t go to zero, but it will go down to about the same level it was after the 2008 crash. It’ll lose roughly, what, half its value? Some stocks will, of course, do well and others will fall to zero or near zero. It’ll be a bear’s bear market.

    From ‘Acting Man’:

    Note in this context that the only thing driving the stock market at present is valuation expansion, as earnings growth has been subject to a disappearing act. This in turn means that stocks are solely driven by monetary inflation and expectations of more monetary inflation. Therefore the idea that a tightening of policy would ‘not matter’ to the stock market is likely to be quite wrong. In fact, it seems quite probable to us that the stock market is going to get problems even in the face of a continuation of ‘QE’.


  21. yenta-fada
    21 | September 18, 2013 7:06 pm

    Bumr50 wrote:

    @ yenta-fada:
    I’m SURE he’s lying, but he’s really giving it to the US and sucking up to the Russians.
    He gives good answers.
    We’d be in much worse shape if Soetoro was anywhere NEAR as effective a liar.

    I just tuned in to listen to FOX.


  22. yenta-fada
    22 | September 18, 2013 7:08 pm

    Bumr50 wrote:

    @ yenta-fada:
    I’m SURE he’s lying, but he’s really giving it to the US and sucking up to the Russians.
    He gives good answers.
    We’d be in much worse shape if Soetoro was anywhere NEAR as effective a liar.

    Zero contradicts himself from one sentence to the next. It’s pretty hard to beat that kind of a record.


  23. yenta-fada
    23 | September 18, 2013 7:15 pm

    @ yenta-fada:

    If anyone wants to read ‘acting man’, here’s a linky to the above snip.

    http://www.acting-man.com/?p=26007


  24. yenta-fada
    24 | September 18, 2013 7:16 pm

    I’m talking to myself. I can take a hint. Mostly.


  25. Bumr50
    25 | September 18, 2013 7:18 pm

    @ yenta-fada:

    I’m watching interview.

    Kucinich is crazy.


  26. yenta-fada
    26 | September 18, 2013 7:20 pm

    OTOH. Armstrong says the Euro is dying and everyone will flock to the US dollar. So many gurus, so little money.

    http://armstrongeconomics.com/2013/09/18/is-the-euro-dying/


  27. yenta-fada
    27 | September 18, 2013 7:22 pm

    Bumr50 wrote:

    @ yenta-fada:
    I’m watching interview.
    Kucinich is crazy.

    My ADD kicked in early during this interview. I’ve filled my quota for lying liars for the day.


  28. 28 | September 18, 2013 7:23 pm

    yenta-fada wrote:

    Therefore the idea that a tightening of policy would ‘not matter’ to the stock market is likely to be quite wrong. In fact, it seems quite probable to us that the stock market is going to get problems even in the face of a continuation of ‘QE’.

    That is the way it appears to me. I don’t claim to be an economist, but some of this stuff seems pretty simple. Bernanke is printing almost $1 trillion a year. That is litterally “money from nothing”. This is in addition to over $1 trillion that we borrow. That adds up to about 1/8th of the American economy that is pure illusion. We are still at a realistic unemployment rate of 11-12%. Being generous, call it ten percent of the workers are unemployed. Yet the stock market is setting records? Whatever else may be said, that valuation is not remotely realistic.


  29. 29 | September 18, 2013 7:28 pm

    Bumr50 wrote:

    Kucinich is crazy.

    When has Kucinich not been batshit insane? The man wants to replace the Department of Defense with a Department of Peace. Personally, I’d go back to the older terminology, the Department of War. Wars and interstates (as Beed says) are aboutthe only legitimate functions for the Federal Government to be involved in.


  30. yenta-fada
    30 | September 18, 2013 7:30 pm

    @ Iron Fist:

    I don’t pretend to be an economist either. The past decade has developed and heightened my bullshit detector though. lol
    Just take a look at the widening gap between the rich and the poor. It is something I never expected to see in the first world countries.
    Did I know we were going to march into a socialist utopia? Nope. Can I do something about it? Not a lot. Do people believe me? No way.
    I’m sure there’s a country song title that goes with my POV. :-)


  31. yenta-fada
    31 | September 18, 2013 7:32 pm

    @ Iron Fist:

    You quote the Beed? Why not. lol


  32. Bumr50
    32 | September 18, 2013 7:39 pm

    Iron Fist wrote:

    Wars and interstates (as Beed says) are aboutthe only legitimate functions for the Federal Government to be involved in.

    And we suck at both of those things currently.


  33. yenta-fada
    33 | September 18, 2013 7:49 pm

    Apparently, in another part of the galaxy, the Prezzy said today:

    In a speech at the Business Roundtable headquarters in Washington, D.C., Obama dismissed concerns about raising the debt ceiling by noting that it’d been done so many times in the past:

    “Now, this debt ceiling — I just want to remind people in case you haven’t been keeping up — raising the debt ceiling, which has been done over a hundred times, does not increase our debt; it does not somehow promote profligacy. All it does is it says you got to pay the bills that you’ve already racked up, Congress. It’s a basic function of making sure that the full faith and credit of the United States is preserved.”

    Obama went on to suggest that “the average person” mistakenly thinks that raising the debt ceiling means the U.S. is racking up more debt.

    ???????????? I didn’t read what I just read and it didn’t mean what I thought it meant, right? Bueller?


  34. yenta-fada
    34 | September 18, 2013 7:52 pm

    Bumr50 wrote:

    Iron Fist wrote:
    Wars and interstates (as Beed says) are aboutthe only legitimate functions for the Federal Government to be involved in.
    And we suck at both of those things currently.

    Where the US goes, Canada goes. I need a cookie.
    We have one destroyer class ship, but it broke. Our soldiers are tops, but we have no military equipment to speak of.


  35. yenta-fada
    35 | September 18, 2013 7:53 pm

    Off to watch ‘Stargate SG1′ where things make sense.


  36. lobo91
    36 | September 18, 2013 7:54 pm

    @ yenta-fada:

    Zero contradicts himself from one sentence to the next. It’s pretty hard to beat that kind of a record.

    The interesting thing was that some of the panel members pointed that out about Assad, and that was exactly what I thought: “Why don’t you say anything when Obama does the same thing?”


  37. lobo91
    37 | September 18, 2013 7:56 pm

    @ yenta-fada:

    Obama went on to suggest that “the average person” mistakenly thinks that raising the debt ceiling means the U.S. is racking up more debt.

    That’s because unlike Obama, the “average person” actually lives in the real world.


  38. yenta-fada
    38 | September 18, 2013 7:57 pm

    lobo91 wrote:

    @ yenta-fada:
    Zero contradicts himself from one sentence to the next. It’s pretty hard to beat that kind of a record.
    The interesting thing was that some of the panel members pointed that out about Assad, and that was exactly what I thought: “Why don’t you say anything when Obama does the same thing?”

    TEA PARTIER! /


  39. lobo91
    39 | September 18, 2013 8:00 pm

    @ yenta-fada:

    My favorite example of that was when Obama talked about the need for “compromise” over the budget while saying in the same sentence that he wasn’t going to negotiate over it.


  40. yenta-fada
    40 | September 18, 2013 8:03 pm

    @ lobo91:

    The Russians just came in through the Stargate. This is an old Canadian series. You would love it. It’s creative, funny, and campy.


  41. yenta-fada
    41 | September 18, 2013 8:05 pm

    @ yenta-fada:

    (Every planet in the galaxy just seems to resemble the outdoors of British Columbia) @lobo


  42. eaglesoars
    42 | September 18, 2013 8:06 pm

    RIX wrote:

    Just heard on the radio that the House is set to defund ObamaCare on Friday.
    Anybody know anything?

    Yeah. It’s called pissing up a rope -- into the wind.


  43. eaglesoars
    43 | September 18, 2013 8:07 pm

    lobo91 wrote:

    while saying in the same sentence that he wasn’t going to negotiate over it.

    another Obama red line


  44. RIX
    44 | September 18, 2013 8:08 pm

    eaglesoars wrote:

    RIX wrote:

    Just heard on the radio that the House is set to defund ObamaCare on Friday.
    Anybody know anything?

    Yeah. It’s called pissing up a rope — into the wind.

    We live in interesting times.


  45. lobo91
    45 | September 18, 2013 8:10 pm

    yenta-fada wrote:

    @ yenta-fada:
    (Every planet in the galaxy just seems to resemble the outdoors of British Columbia) @lobo

    Every city in the US looks like Vancouver, too.


  46. lobo91
    46 | September 18, 2013 8:11 pm

    eaglesoars wrote:

    lobo91 wrote:
    while saying in the same sentence that he wasn’t going to negotiate over it.
    another Obama red line

    Maybe Putin can save him again


  47. Bumr50
    47 | September 18, 2013 8:12 pm

    @ yenta-fada:

    I miss MacGyver.


  48. Bumr50
    48 | September 18, 2013 8:15 pm

    @ Bumr50:

    And Airwolf.

    Can’t forget Airwolf.


  49. Bumr50
    50 | September 18, 2013 8:21 pm

    @ lobo91:

    Me, me, me.


  50. 51 | September 18, 2013 8:22 pm

    yenta-fada wrote:

    All it does is it says you got to pay the bills that you’ve already racked up

    Not exactly. It means that we have to borrow more money to be able to pay the interest on money we’ve already borrowed. That means that while we may be abe to carry on for a while longer, we are bankrupt. It is just taking time for our insolvency to become undeniable.


  51. darkwords
    52 | September 18, 2013 8:22 pm

    @ 37 lobo91: Obama sounds like a person no one should loan money to. Not mature enough to understand it.

    1. Why Barack do you want your debt limit increased? Oh you don’t want any more debt? You just want the ability to borrow in an emergency and you’ll pay it all back in 30 days. Guaranteed? Well then ok, here is a trillion dollars. We trust you. A 7 year old lemonade stand proprietor runs a better economy than OBama. The GoP needs to start educating people on these things. My fear is Obama will sink the country and we’ll have bad inflation for 20-30 years. We will be Greece without olives or yogurt.


  52. eaglesoars
    53 | September 18, 2013 8:24 pm

    lobo91 wrote:

    Maybe Putin can save him again

    I think the next time Putin and Obama meet, Putin should show up with a new dog -- an Ovcharka -- who will EAT Bo and Sunny


  53. lobo91
    54 | September 18, 2013 8:27 pm

    eaglesoars wrote:

    lobo91 wrote:
    Maybe Putin can save him again
    I think the next time Putin and Obama meet, Putin should show up with a new dog — an Ovcharka — who will EAT Bo and Sunny

    I’d rather see it eat Obama


  54. 55 | September 18, 2013 8:27 pm

    @ yenta-fada:

    What struck me about that when Beed said it is how much more educated about our system of government he is as opposed to kids raised and educated here. War and interstates. THose are the two areas that the State as a whole should be, for the most part, confined to. If it isn’t war or interstates, FedZilla should stay the hell away and let the States take care of it.


  55. darkwords
    56 | September 18, 2013 8:27 pm

    We have a democratic governor Inslee and he is always whining how the opposition won’t work with him and compromise. The problem is that they will but his idea of compromise is that he gets everything he wants and no one else does. The liberal political class needs to meet more Putins.


  56. RIX
    57 | September 18, 2013 8:29 pm

    lobo91 wrote:

    Obama Whines: Republicans Are Trying To “Extort” Me! – Update: House Dems Use As Fundraising Ploy, “Let’s Show Him We’ve Got His Back”…

    “Extort me” His empathy is reserved for himself.
    While the episode was still playing out at the Naval Yard he gave a partisan attack speech.
    This is a sociopath.


  57. lobo91
    58 | September 18, 2013 8:30 pm

    Shocker! Obama Vows To Veto Republican Bill Cutting Food Stamps Funding…

    More of that “compromise” he keeps talking about


  58. 59 | September 18, 2013 8:32 pm

    darkwords wrote:

    The problem is that they will but his idea of compromise is that he gets everything he wants and no one else does.

    That is the Democrats’ definition of “compromise”. They want what they want, won’t back down at all, and expect us to give up everything. We need to school Obama in the art of the Compromise. We get what we want, and he gets to suck hind tit.


  59. eaglesoars
    60 | September 18, 2013 8:34 pm

    lobo91 wrote:

    eaglesoars wrote:
    lobo91 wrote:
    Maybe Putin can save him again
    I think the next time Putin and Obama meet, Putin should show up with a new dog — an Ovcharka — who will EAT Bo and Sunny
    I’d rather see it eat Obama

    It would kill the dog.


  60. lobo91
    61 | September 18, 2013 8:34 pm

    @ RIX:

    He believes that he’s a monarch with unlimited power. Look at how many times he’s said “If Congress won’t act, I will.”

    I’m really surprised that he hasn’t ordered the Secret Service to summarily execute anyone.

    Or maybe he has, and they’re just keeping quiet.


  61. Bumr50
    62 | September 18, 2013 8:39 pm

    Worse and worse and worse.

    Not sure if the BBC can be considered credible at this point, but…

    On Wednesday, BBC News reported that an armed emergency response team arrived on site at the Washington Navy Yard within minutes of Aaron Alexis beginning his shooting spree, but was forced to stand down and was instead ordered back to Capitol Hill.
    According to BBC, “A tactical response team of the Capitol police, a force that guards the US Capitol complex, was told to leave the scene by a supervisor instead of aiding municipal officers.” A Capitol Police source told the BBC, “I don’t think it’s a far stretch to say that some lives may have been saved if we were allowed to intervene.”

    ht -- Breitbart


  62. RIX
    63 | September 18, 2013 8:39 pm

    lobo91 wrote:

    @ RIX:

    He believes that he’s a monarch with unlimited power. Look at how many times he’s said “If Congress won’t act, I will.”

    I’m really surprised that he hasn’t ordered the Secret Service to summarily execute anyone.

    Or maybe he has, and they’re just keeping quiet.

    He attacked the Constitution in an NPR interview in 2001.
    He thinks that it is a silly document.


  63. eaglesoars
    64 | September 18, 2013 8:41 pm

    lobo91 wrote:

    I’m really surprised that he hasn’t ordered the Secret Service to summarily execute anyone.

    Well he DID order a drone strike to kill an American citizen, his son and some unkown person. Al Alwaki was indeed a terrorist but Timothy McVeigh got a trial.


  64. lobo91
    65 | September 18, 2013 8:41 pm

    @ RIX:

    He attacked the Constitution in an NPR interview in 2001.
    He thinks that it is a silly document.

    All progressives think that way. It’s why they’ve been trying so hard to destroy it for the past century.


  65. lobo91
    66 | September 18, 2013 8:42 pm

    @ eaglesoars:

    I was thinking more along the lines of a Fox News or Washington Times reporter during one of his press conferences.


  66. RIX
    67 | September 18, 2013 8:45 pm

    lobo91 wrote:

    @ RIX:

    He attacked the Constitution in an NPR interview in 2001.
    He thinks that it is a silly document.

    All progressives think that way. It’s why they’ve been trying so hard to destroy it for the past century.

    But they don’t want to use the Amendment Process, because they know that it would fail.


  67. lobo91
    68 | September 18, 2013 8:47 pm

    @ RIX:

    But they don’t want to use the Amendment Process, because they know that it would fail.

    They don’t think it’s really necessary, anyway. Unfortunately, they’ve mostly been proven correct, thanks to our worthless courts.


  68. eaglesoars
    69 | September 18, 2013 8:48 pm

    @ lobo91:

    heh

    I’ll bet O is FUMING over that interview Fox got with Assad. Assad came across as very likeable and the LIVs are going to turn to Obama and say WTF?


  69. taxfreekiller
    70 | September 18, 2013 8:48 pm

    Russia has gold to sell.

    Obama just made them Billions with his inflation and Fed Pumping deal.

    Russia has oil to sell, he made them more oil money.

    “After I’m re-elected I can be more flexable”.

    And never forget who bought and paid for this crook from Chicago.

    The guy who stole the Jews teeth on the way to the death camps.

    Going to make Jimmy Carter look like Albert Einstein.


  70. RIX
    71 | September 18, 2013 8:50 pm

    lobo91 wrote:

    @ RIX:

    But they don’t want to use the Amendment Process, because they know that it would fail.

    They don’t think it’s really necessary, anyway. Unfortunately, they’ve mostly been proven correct, thanks to our worthless courts.

    Too many Libs on the bench.


  71. eaglesoars
    72 | September 18, 2013 8:53 pm

    lobo91 wrote:

    @ eaglesoars:
    I was thinking more along the lines of a Fox News or Washington Times reporter during one of his press conferences.

    Well,Jamie Rosen was bad enough.

    Hey! I’m on the last of the Empire’s Corps book The Outcast -- it’s the best of the lot and I love it. Thanks again!


  72. Bumr50
    73 | September 18, 2013 8:53 pm

    @ eaglesoars:

    “grumblegrumble…ACTED STUPIDLY!!!!…grumblegrumble”


  73. lobo91
    75 | September 18, 2013 8:56 pm

    @ eaglesoars:

    That’s actually not the most recent book. This is:

    To the Shores…

    It follows the Marines’ exploits on a planet inhabited by Hindus.

    I think the next one is going to be about what happens to Roland and that SpecOps Marine who was protecting him.


  74. taxfreekiller
    76 | September 18, 2013 8:57 pm

    Going to make CJ look like Iron Fist.@ taxfreekiller:


  75. eaglesoars
    77 | September 18, 2013 9:00 pm

    lobo91 wrote:

    @ eaglesoars:
    That’s actually not the most recent book. This is:
    To the Shores…
    It follows the Marines’ exploits on a planet inhabited by Hindus.
    I think the next one is going to be about what happens to Roland and that SpecOps Marine who was protecting him.

    Ah. Off to download!


  76. RIX
    78 | September 18, 2013 9:01 pm

    O’Reiley is a windbag, but he is talking abut hi new book “Killing Jesus”
    I read Killing Lincoln & Killing Kennedy, both terrific.
    I will read his new one.


  77. lobo91
    79 | September 18, 2013 9:07 pm

    Report: Capitol Police Supervisor Ordered Tactical Response Team To Stand Down During Naval Yard Shooting…

    Washington DC’s Capitol Police have ordered a review into a BBC report that an armed police team was ordered not to respond to Monday’s mass shooting.

    A tactical response team from the force was told by a supervisor to leave the scene instead of aiding municipal officers, police sources told the BBC.

    The Capitol Police sources suggest they could have saved lives had they been allowed to go in. [...]

    About 8:15 local time (12:15 GMT), Alexis entered Building 197 at the installation and launched his attack.

    Armed with a shotgun and a pistol he took from a guard he had shot, he sprayed bullets down a hallway and fired from a balcony down on to workers in an atrium. He also fired on police officers who stormed the building, and was later killed in the shootout.

    Multiple sources in the Capitol Police department, which guards the US Capitol complex, have told the BBC that its highly trained and heavily armed four-man Containment and Emergency Response Team (Cert) was near the Navy Yard when the initial report of an active shooter came in at about 8:20 local time.

    The officers, wearing full tactical gear and armed with HK-416 assault weapons, arrived outside Building 197 a few minutes later, an official with knowledge of the incident told the BBC.

    According to a Capitol Police source, an officer with the Metropolitan Police Department (MPD), Washington DC’s main municipal force, told the Capitol Cert officers they were the only police on the site equipped with long guns, and requested their help stopping the gunman.

    When the Capitol Police team radioed their superiors, they were told by a watch commander to leave the scene, the BBC was told.

    Sound familiar?


  78. eaglesoars
    80 | September 18, 2013 9:07 pm

    eaglesoars wrote:

    the LIVs are going to turn to Obama and say WTF?

    um, there may be a fault in my argument. LIVs probably don’t even KNOW there was an interview, forget about actually watching it.


  79. lobo91
    81 | September 18, 2013 9:10 pm

    eaglesoars wrote:

    eaglesoars wrote:
    the LIVs are going to turn to Obama and say WTF?
    um, there may be a fault in my argument. LIVs probably don’t even KNOW there was an interview, forget about actually watching it.

    Exactly. I seriously doubt that MSNBC or Jon Stewart will mention it.


  80. Bumr50
    82 | September 18, 2013 9:12 pm

    @ lobo91:

    Not only were the cops minutes away, they had a turf war.


  81. 83 | September 18, 2013 9:22 pm

    yenta-fada wrote:

    Off to watch ‘Stargate SG1′ where things make sense.

    Too bad we don’t have one of these to deport Обама and the Demo☭rats!


  82. eaglesoars
    84 | September 18, 2013 9:26 pm

    gotta go -- Hubby needs help with something


  83. huckfunn
    85 | September 18, 2013 9:35 pm

    lobo91 wrote:

    Shocker! Obama Vows To Veto Republican Bill Cutting Food Stamps Funding…

    More of that “compromise” he keeps talking about

    Let’s see, now. Dear Leader will compromise with the Taliban, the Russians, the Chinese, the Pakis, the AQ in Syria and the Muzz Bros in Egypt, but not the Republican Congress. Go figger.


  84. lobo91
    86 | September 18, 2013 9:40 pm

    @ huckfunn:

    Personally, I say let him veto it. That way, there will be a 100% cut


  85. huckfunn
    87 | September 18, 2013 9:47 pm

    @ lobo91:
    Fair enough. Let him own it.


  86. lobo91
    88 | September 18, 2013 10:05 pm

    @ huckfunn:

    Since you happen to be here, have you ever worked as an independent insurance adjuster?


  87. huckfunn
    89 | September 18, 2013 10:14 pm

    @ lobo91:
    Yep. From about 1992 until 1999 I was a storm trooper. Andrew was my first storm. Then the oil & gas biz came back and I gave up adjusting.


  88. lobo91
    90 | September 18, 2013 10:16 pm

    @ huckfunn:

    I’m looking at getting into adjusting. The training’s not all that expensive (or long), and there seems to be plenty of work, even locally.


  89. huckfunn
    91 | September 18, 2013 10:25 pm

    @ lobo91:
    I had no training or license when Andrew came along. Florida issued anyone who showed up emergency licenses. When I got back to Texas, I took a one week course at Leonard’s Training in San Antonio, passed the test and got my license. The money was pretty good but climbing 10 roofs per day started to feel a whole lot like work. But, yes… it would be worth looking into.


  90. huckfunn
    92 | September 18, 2013 10:29 pm

    R.I.P. Ken Norton.


  91. lobo91
    93 | September 18, 2013 10:29 pm

    @ huckfunn:

    The class I’m looking at is 8 days up in Denver, the first 4 days of which is studying for a Texas license, since they’re good in 45 states (and Colorado doesn’t issue licenses anyway). The interesting thing about that is that since you don’t need a license here, you can pretty much start working immediately, even though it takes about a month for Texas to process the applications.

    Colorado is the hail damage capital of the country. And of course there’s all that damage up north.


  92. huckfunn
    94 | September 18, 2013 10:33 pm

    @ lobo91:
    Yes. When you have a Texas license you can work just about anywhere in the U.S. I worked a hail storm in the Denver-Colorado Springs area in about ’97 or ’98. Quite a few claims out in Black Forest. Most of the damage up north will be flood and you’ll need a flood certification to do flood work as flood insurance is a Fed program. Just another course.


  93. lobo91
    95 | September 18, 2013 10:35 pm

    Chicago top cop warns that his officers will shoot concealed carriers

    GunsNFreedom.com is reporting an astonishing statement made by Chicago police superintendent Garry McCarthy.

    McCarthy is angry that Illinois has joined the other 49 states in the union that have authorized some level of concealed carry. In an recorded interview McCarthy issues a not so thinly-veiled threat that under his leadership, Chicago Police will shoot concealed carriers:

    “You put more guns on the street expect more shootings,” McCarthy said. “I don’t care if they’re licensed legal firearms, people who are not highly trained… putting guns in their hands is a recipe for disaster. So I’ll train our officers that there is a concealed carry law, but when somebody turns with a firearm in their hand the officer does not have an obligation to wait to get shot to return fire and we’re going to have tragedies as a result of that. I’m telling you right up front.”

    McCarthy doesn’t just seem to think it may happen; he almost seems to look look forward to it with some sort of vindictive wrath. He asserts that only his police are responsible enough to carry handguns, an assertion that flies in the face of the fact that at least one study shows that police officers are five times more likely to shoot the wrong person than concealed carriers.

    I hope the residents of Chicago are prepared to pay for the damages when this happens, since this asshat has all but said that he’s looking forward to it.


  94. lobo91
    96 | September 18, 2013 10:39 pm

    @ huckfunn:

    I’m not actually looking to go up to the flood area to work, but I figure if a bunch of people do, then there will be more regular business back here while they’re gone.

    The only states the Texas license isn’t valid in are California, Nevada, Arizona, New York, and Hawaii, as I recall. And I think they mostly issue people emergency licenses in catastrophes, anyway.


  95. huckfunn
    97 | September 18, 2013 10:41 pm

    @ lobo91:
    McCarthy’s a loser and that’s why Chicago dems love him so much. Before Chicago, he was the Police Chief of Newark, NJ. He simply went from one hellhole to the next and look at the results.


  96. lobo91
    98 | September 18, 2013 10:44 pm

    @ huckfunn:

    Standard procedure. Look at Arne Duncan. Went from running the worst big city school district in America to being Education Secretary.


  97. huckfunn
    99 | September 18, 2013 10:46 pm

    lobo91 wrote:

    The only states the Texas license isn’t valid in are California, Nevada, Arizona, New York, and Hawaii, as I recall. And I think they mostly issue people emergency licenses in catastrophes, anyway.

    It depends on the size of the catastrophe and the need for adjusters. I worked the Northridge Quake in ’93. A guy from the CA Insurance Department showed up our office, gave us a 1 hour seminar and handed out emergency licences that were good for 6 months.


  98. lobo91
    100 | September 18, 2013 10:48 pm


  99. huckfunn
    101 | September 18, 2013 10:54 pm

    @ lobo91:
    FIFY


  100. lobo91
    102 | September 18, 2013 10:55 pm

    @ huckfunn:

    Thanks


  101. yenta-fada
    103 | September 18, 2013 11:00 pm

    huckfunn wrote:

    @ lobo91:
    FIFY

    How did you do that?


  102. 104 | September 18, 2013 11:03 pm

    Just installed iOS 7! Learning Curve is in effect. Some good things, some not-so-good.


  103. huckfunn
    105 | September 18, 2013 11:04 pm

    @ yenta-fada:
    I’m bound to secrecy. Contact the thread gods, become a contributor, and the secret will be revealed. I’ll even show you the secret handshake. :wink:


  104. 106 | September 18, 2013 11:06 pm

    @ lobo91:

    And I hope said motherfuckin’ PIGS get the fuck sued out of them!


  105. yenta-fada
    107 | September 18, 2013 11:15 pm

    @ huckfunn:

    I never remember computer stuff, but thanks for the tip. :-)


  106. lobo91
    108 | September 18, 2013 11:53 pm

    Nanny Bloomberg On Successful Recall of Two Colorado Dems: “The NRA Lost”…

    New York City Mayor Michael Bloomberg said Wednesday that he doesn’t believe the recall last week of two Colorado state senators who voted for expanded gun control laws was a loss for his gun control group.

    The recall has widely been viewed as a battle between Bloomberg’s gun control group, Mayors Against Illegal Guns, which sent dozens of organizers to Colorado in support of the senators, and the National Rifle Association, which pushed for the recall and supported their opponents. However, at a press conference Wednesday, Bloomberg argued the election was really a victory for advocates of stricter gun control because the laws supported by the senators were still in place.

    “The truth of the matter is, in Colorado, the NRA lost. We got the law passed, and it’s the law of Colorado,” said Bloomberg. “It helps the citizens of Colorado, but because you can buy guns and transport them easily across borders, all the other 49 states in this country are better off.”


  107. Bumr50
    109 | September 19, 2013 12:27 am

    @ lobo91:

    Bloomberg’s not dumb, or delusional.

    He’s a propagandist, and a tyrant.

    I’m just sick of these a**holes being permitted to lie with impunity.

    They won’t stop until someone stops them, and a complicit media combined with an ignorant populace is a recipe for disaster.


  108. lobo91
    110 | September 19, 2013 12:48 am

    @ Bumr50:

    We accomplished 100% of what we set out to do. Yes, the law’s still in effect. Yes, the Dems still control the state senate. Believe it or not, we can actually do simple math.

    This was a test run for next fall.


  109. Bumr50
    111 | September 19, 2013 12:49 am

    Looks like Boehner’s “tough talk” about defunding Soetorocare was just that.

    Talk.

    House GOP Vents Frustration With Ted Cruz on #Twitter (Updated)

    …Regardless of the dustup, Cruz is probably right about the state of play in the Senate; Reid likely does have the votes to strip the Obamacare defund language.

    Nice try, crybaby.


  110. Calo
    112 | September 19, 2013 1:02 am

    @ lobo91:
    @ huckfunn:

    Ah, Excellent.

    Lobo, good luck, and run with Huck’s experience.


  111. lobo91
    113 | September 19, 2013 1:03 am

    @ Bumr50:

    Well, duh…

    So what? You have the votes in the House, dumbass.


  112. Bumr50
    114 | September 19, 2013 1:07 am

    @ lobo91:

    If the Senate can revise and pass it without the defunding language, what does it matter?


  113. Bumr50
    115 | September 19, 2013 1:17 am

    @ lobo91:

    Isn’t there a way to bind the language to the entire CR, and still pass it through the House?


  114. lobo91
    116 | September 19, 2013 1:20 am

    @ Bumr50:

    If the Senate changes it, then it goes to a conference committee.

    Then both houses have to approve whatever they come up with.


  115. Bumr50
    117 | September 19, 2013 1:23 am

    @ lobo91:

    I wonder what Cruz and Lee are up to, then…


  116. lobo91
    118 | September 19, 2013 1:35 am

    @ Bumr50:

    No idea


  117. 119 | September 19, 2013 5:37 am

    Good morning. Finally at the end of the Awenda camping trip. All sunset light today.


  118. 120 | September 19, 2013 6:06 am

    Avast, ye poxy lubbers! All hands turn to and get yer piratical on, for today be International Talk Like A Pirate Day, and them’s as lag will be dining with Davy Jones before the sun sets! Aaaarrr!


  119. 121 | September 19, 2013 6:17 am

    And your awe-inspiring inspirational story of the day…

    http://www.latimes.com/local/la-me-c1-rosie-riveter-20130918-dto,0,850841.htmlstory

    Hat tip -- Savage


  120. coldwarrior
    122 | September 19, 2013 6:26 am

    Mike C. wrote:

    Avast, ye poxy lubbers! All hands turn to and get yer piratical on, for today be International Talk Like A Pirate Day, and them’s as lag will be dining with Davy Jones before the sun sets! Aaaarrr!

    ARRR!!!
    ‘Tis is fine day to take treasure from her majesty’s ships!

    (or go fishing on the lake on the pontoon boat)

    beware ye scurvy dogs (fish)! lest we use dynamite to bring ya to the surface!


  121. 123 | September 19, 2013 6:42 am

    Dogfish?

    Yeah, a kind of shark; I know…


  122. 124 | September 19, 2013 7:09 am

    Maybe you could just use M-80s or cherry bombs and bring up catfish -- better eating anyway…


  123. 125 | September 19, 2013 7:26 am

    @ Mike C.:
    aRRR. If you drink rum before 9am, you aren’t an alcoholic, you be a pirate matey.

    *clink*


  124. 126 | September 19, 2013 7:42 am

    I’ll wait till the sun is over the yardarm, meself.


  125. 127 | September 19, 2013 7:58 am

    @ lobo91:

    Exactly. If Bloomberg wants to call that victory, then after a couple of more “victories” like that he’ll not have anything to crow about. It looks good for the sane people to take back Colorado next Fall, and a message has been sent to other states that Might be considering this kind of intemperate action. The real question I have, though, is whether the Republicans will repeal this nonsense when they take over the Colorado Legislature. Historically, that hasn’t been the pattern. The Dems lost the House and Sneate in 1994 over gun control, and yet the Repyublicans refused to repeal the “Assault Weapons” ban. When you change parties and still get the same policy, you are in a world of hurt. That’s why I am more insistent on the policy than I am the party. Democrats just can’t win my vote now because of the policy that they’ve been following for the last 20 years.


  126. rain of lead
    128 | September 19, 2013 8:06 am


  127. 129 | September 19, 2013 8:35 am

    New Thread.


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