Posted by: Timothy Ellis (The Tim)

Tim Ellis is the founder of Seattle Bubble. His background in engineering and computer / internet technology, a fondness of data-based analysis of problems, and an addiction to spreadsheets all influence his perspective on the Seattle-area real estate market.

472 responses to “Politics & Economics Open Thread”

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  1. Kary L. Krismer

    RE: yukon dave @ 400 – Look! Almost a brand new thread! ;-)

    I’ve mentioned California as a problem state, but how do you see it being like Spain? They don’t have their own banks. They can’t run deficits (that I know of). The can do a lot of stupid things without those things, but I’m just curious how you see them being the same.

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  2. Kary L. Krismer

    Maybe the slip ups of Romney and President Obama aren’t that big of a deal! ;-)

    http://www.usatoday.com/news/world/story/2012-06-11/david-cameron-daughter-pub/55521094/1

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  3. yukon dave

    RE: Kary L. Krismer @ 1

    Sorry I see patterns many dont notice, I guess I have a little rain man in me. I did start out as an actuary. My point is this is the direction of California moving forward and why Washington will benefit in the future.

    I see California like Spain in many ways. Banking between states is much easier in the US but is still run by banking entities that are broken out by states. Wells Fargo of California is not the same corporation as Wells Fargo of Washington. Spain with a GDP of about $1.5 trillion dollars while California is about 1.8 trillion dollars is in an order of magnitude similar as well. The types of industry from technology, tourism, music, movie, wine, agriculture and manufacturing mix as a percentage of GDP makes them similar as well. Even the weather is very similar in the major cities.
    Next you have the way the local city, county and state governments run is much the same with crony capitalism but with a liberal twist (some say socialist). Remember that California wants to be more like Spain in every way from taxes to social spending. Spain even launched the most aggressive “Green economy” push in Europe. Like Spain, each is their own government fiefdom with a similar cast of characters as I point out in my previous post.

    While California does not have its own embassy, they do have their own dedicated trade missions that are in some cases more powerful than most other countries and rivals Spain. A book recently published called “Republic Lost”, talks a great deal about how a gift economy is developing in the 1st world economies that is starting to resemble a banana republic.

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  4. Kary L. Krismer

    RE: yukon dave @ 3 – Thanks.

    I would agree that taxes and spending are problems in California. Those are things that their liberal population like, but things which businesses don’t like. And that means high unemployment.

    California reminds me of the seller of a house who wants to net $250,000, because that’s the amount they need to downsize into a condo free and clear. The buyer doesn’t care what they want to do with the money. The same is true of businesses and California taxes and regulation. By and large the businesses don’t care, although there are some things government spends money on which they do care about.

    I guess I could see the problems in California as an advantage for Washington, but mainly I see California as a potential anchor dragging down the entire country. They hurt the entire west coast during the California energy crisis, they were a major part of hurting the entire country during the housing crisis. What will be their next impact, and how severe will it be?

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  5. Kary L. Krismer

    State tax revenues are expected to exceed pre-recession levels.

    http://www.usatoday.com/money/economy/story/2012-06-12/Tax-revenue-up/55546822/1

    The federal government better give more money to the states so that they can pay their employees! /sarc

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  6. J.M.

    RE: Kary L. Krismer @ 401
    I know you’re not talking to me….but California has been living with a deficit of $ billions for years now. It cannot print its own money, like the feds can; the debt just keeps getting bigger and bigger while the state keeps spending & spending………..and those with money MOVE out of state taking their businesses, jobs and capital with them.

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  7. Kary L. Krismer

    I don’t make a habit of reading opinion pieces, but this one caught my eye, and is particularly good. It explains why the economy is not doing well under President Obama.

    http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2012/06/12/ED3U1P02VU.DTL

    And in the same newspaper, an example of why business doesn’t want to take risk in the current political climate. Discussing the recent Chase trading losses, which were large but relatively insignificant in the scheme of things, it is noted that those losses are responsible for “triggering at least five federal probes and two planned Capitol Hill hearings with Dimon.”

    Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2012/06/11/BUIO1P06CI.DTL#ixzz1xb2Uywdg

    Capitalism involves taking risk. The risk should be losing your money, not becoming the focus of multiple federal investigations. No wonder the private sector isn’t taking on new tasks that would hire more people. It’s safer to keep their heads down.

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  8. Kary L. Krismer

    RE: J.M. @ 406 – Many states cannot run deficits. That’s why I said I was not sure about California. In the past year though, there have been a lot of budget negotiations, and Brown vetoed a budget because it relied on too many gimmicks to balance the budget–or at least I thought that was what it attempted to do.

    They can borrow money for some things, just like Washington can, but I’m not sure they can actually operate at a deficit. Do you have a link?

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  9. yukon dave

    Great example of how not to price a home. I have asked many people the question, what is the house worth and almost always get the wrong answer. The only answer is what the market will pay and has nothing to do with what you want to sell it for. Ask people to explain supply and demand and you will get answers all over the chart.

    California has been using gimmicks to close the budget gap and every year find out that budget projections did not meet actuals. Its like me deciding that the year I made the most money is the baseline for the next 10 years. Then when revenue drops by 10%, I project that I will make 10% more next year. Budget balanced. Optimistic to say the least.

    Gray Davis was recalled because over the 12 months he incorrectly stated (legal word for lied) that the California budget went from surplus to $30 billion in deficit spending. He had four major announcements over that 12 month period which were $2.5b, $7.8b, $18b and the final number of $30B. California recalled him. The Governator took over and reduced that $30+ billion deficit to $15 billion and now it is inching back up. Brown is a pretty honest guy and believe it or not is really trying to deal with the deficit. He is in a knock down drag out with his own party.

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  10. Kary L. Krismer

    RE: yukon dave @ 9 – I wish more schools taught economics in high school.

    I thought Davis was recalled for something relatively stupid, as opposed to one of the many stupid things he did. Whichever, I was glad to see him go.

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  11. pfft

    ‘Romneycare’ Didn’t Kill Jobs, And Neither Will ‘Obamacare’: Study
    http://tpmdc.talkingpointsmemo.com/2012/06/romneycare-didnt-kill-jobs-and-neither-will-obamacare-study.php?ref=fpa

    ain’t that the truth.

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  12. pfft

    By Kary L. Krismer @ 10:

    RE: yukon dave @ 9 – I wish more schools taught economics in high school..

    yep, but if we taught everything in high school that people thought should be taught in high school we’d have a school day that is 3-4 hours longer.

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  13. Kary L. Krismer

    By pfft @ 11:

    �Romneycare� Didn�t Kill Jobs, And Neither Will �Obamacare�: Study
    http://tpmdc.talkingpointsmemo.com/2012/06/romneycare-didnt-kill-jobs-and-neither-will-obamacare-study.php?ref=fpa

    ain’t that the truth.

    LOL. Apparently they didn’t get the Obama talking point, that Romney as governor had one of the worst job creation records in the country during his period as governor.

    (BTW, apparently the Obama campaign gets there by looking at the employment in MA over the entire 4 year term, rather than the change in situation over the 4 year term. Doing the same thing for President Obama he’d probably be one of the worst presidents ever for employment. Both started their terms out with high unemployment rates.)

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  14. Kary L. Krismer

    By pfft @ 12:

    By Kary L. Krismer @ 10:
    RE: yukon dave @ 9 – I wish more schools taught economics in high school..

    yep, but if we taught everything in high school that people thought should be taught in high school we’d have a school day that is 3-4 hours longer.

    They could easily cut out a ton of foolish memorization tasks, and teach people instead how to apply facts to an analysis (teach people how to think).

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  15. Scotsman

    RE: pfft @ 412

    “we’d have a school day that is 3-4 hours longer.”

    Whoa- that would seriously cut into the little darling’s pot smoking time. Not to mention texting, video games, and just screwing around. But hey, it might mover national test results up from 20th world-wide to maybe somewhere in the top ten. We might have to drop gay sensitivity training though.

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  16. pfft

    By Kary L. Krismer @ 413:

    By pfft @ 11:
    �Romneycare� Didn�t Kill Jobs, And Neither Will �Obamacare�: Study
    http://tpmdc.talkingpointsmemo.com/2012/06/romneycare-didnt-kill-jobs-and-neither-will-obamacare-study.php?ref=fpa

    ain’t that the truth.

    LOL. Apparently they didn’t get the Obama talking point, that Romney as governor had one of the worst job creation records in the country during his period as governor.

    yes they did and it wasn’t because of Romneycare.

    How does an individual mandate hurts businesses? It mainly falls on individuals. There already is an employee-mandate and probably nobody over 40 would have insurance without it.

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  17. pfft

    By Scotsman @ 15:

    RE: pfft @ 412

    “weâ��d have a school day that is 3-4 hours longer.”

    Whoa- that would seriously cut into the little darling’s pot smoking time. Not to mention texting, video games, and just screwing around. But hey, it might mover national test results up from 20th world-wide to maybe somewhere in the top ten. We might have to drop gay sensitivity training though.

    I wasn’t thinking about the students I was thinking about the students. who would want to spent more time with the students?:)

    “We might have to drop gay sensitivity training though.”

    oh wow where are we going with this? please elaborate. totally inappropriate.

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  18. Kary L. Krismer

    By Scotsman @ 415:

    RE: pfft @ 412

    “weâ��d have a school day that is 3-4 hours longer.”

    Whoa- that would seriously cut into the little darling’s pot smoking time. Not to mention texting, video games, and just screwing around

    How long has it been since you’ve had a kid in school? For me it’s just over 10 years (high school, not college). The homework brought home then was a lot more than when I was a kid.

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  19. Kary L. Krismer

    By pfft @ 16:

    There already is an employee-mandate and probably nobody over 40 would have insurance without it.

    Proof please.

    Stated differently, WTF are you talking about?

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  20. Scotsman

    RE: Kary L. Krismer @ 418

    Current test results speak so loudly I can’t hear what you’re saying. The U.S., as a whole, is getting a solid B- compared to the rest of the industrialized world. Lots of busy-work doesn’t automatically lead to results.

    In the local private school universe Lakeside is famous for the homework load. But The NW School and my kid’s private school both have better records for getting kids into top schools. Both also have relatively little homework. So what does the data say?

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  21. Scotsman

    RE: pfft @ 17

    “totally inappropriate”

    I’ll assume you got an “A” in that one.

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  22. whatsmyname

    By Scotsman @ 420:

    RE: Kary L. Krismer @ 418

    The U.S., as a whole, is getting a solid B- compared to the rest of the industrialized world.

    …rest of the Industrialized world? Is that some kind of code for socialist Europe?

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  23. Scotsman

    RE: whatsmyname @ 422

    Catch the chart half way down the page:

    http://4brevard.com/choice/international-test-scores.htm

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  24. whatsmyname

    RE: Scotsman @ 423 – Good chart.

    I assume that we can agree that the results for grade 12 are more useful to society than those at grades 4 or 8. So it would seem that the Scandinavian countries are most consistently the best across the categories. Of course, France, Germany, Canada, Australia, the Czech Republic, and the Russian Federation consistently beat the US too.

    I can see that I made an assumptive error in only including the “European” socialist countries. Upon which of these nations should we model our education system?

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  25. Kary L. Krismer

    By Scotsman @ 420:

    RE: Kary L. Krismer @ 418

    Current test results speak so loudly I can’t hear what you’re saying. The U.S., as a whole, is getting a solid B- compared to the rest of the industrialized world. Lots of busy-work doesn’t automatically lead to results.

    I didn’t say they were doing a good job, only that they were giving them a lot of homework. Earlier I mentioned doing things other than spending a lot of time on memorization of facts. That’s an indication I don’t think they’re doing that good of a job.

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  26. pfft

    By Scotsman @ 421:

    RE: pfft @ 17

    “totally inappropriate”

    I’ll assume you got an “A” in that one.

    are you saying that we shouldn’t be sensitive to gays?

    you are a birther so you lost all credibility anyways. nobody cares!

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  27. Kary L. Krismer

    By Scotsman @ 423:

    RE: whatsmyname @ 422

    Catch the chart half way down the page:

    http://4brevard.com/choice/international-test-scores.htm

    Actually, just yesterday I was reading something that they’re debating the need to teach math, at least the way it’s been done in the past. With electronic devices, do people really need to memorize the multiplication tables? The thought given was that you only need to teach them how to estimate the result so that they recognize GIGO.

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  28. Scotsman

    RE: Kary L. Krismer @ 427

    If you can’t think and create on your own you’ll certainly end up a slave to the man who can.

    Those without a plan are always at the eventual mercy of the guy who does have one. Education and intellectual independence are keys to freedom. We continue to let standards slide at out own peril.

    A world of pffffffts- looking to government for our values and sustenance with never an original thought.

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  29. Kary L. Krismer

    RE: Scotsman @ 28 – I would largely agree. I would add that the recent trend of teaching to achievement tests has made our education system, and the product it produces (the younger generation) worse.

    People cannot think. Take my favorite topic. California politicians pass a really stupid deregulation scheme and then run it into the ground. How it would fail would be obvious even before enactment. But both democrats and republicans voted for it overwhelmingly (nearly unanimously) so they need a scapegoat when it does fail. Enron is involved in that industry, and Enron was guilty of lots of illegal things in another area, and did some illegal things in this area too, so the blame gets put on Enron. The only problem with that, even if you don’t know anything about economics, Enron went bankrupt! One California utility alone lost went through over $20B in losses buying power, and when they could no longer do that California itself spent over $20B more buying power. If Enron was the main cause of California’s problems, how the hell did it go bankrupt after getting most of $40 billion dollars? Only gullible people fell for the explanation of California’s politicians. Unfortunately, well over 50% of the population is extremely gullible, because with our education system people no longer think for themselves.

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  30. Scotsman

    Obama has now attended over 150 fundraisers- more than the prior 4 presidents combined.

    How in the world does this guy find time to golf?

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  31. Kary L. Krismer

    The timing of President Obama’s new executive order on illegal immigrants is interesting. I believe next week may be the last week for the Supreme Court to issue opinions before taking a break. If so, the Arizona case might come down next week (as well as Obamacare).

    While I agree with President Obama that we can’t (and shouldn’t) just ship everyone back, and that Congress has been dragging its feet on this issue, I have a problem with an executive order which basically says the administration will start ignoring the law in certain areas. To do that right before a decision is due where a state is complaining that the feds are not enforcing the law seems to be rather bad timing. It might change a vote on the Court.

    Couldn’t President Obama have waited one more week to pander to a certain voter group?

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  32. Kary L. Krismer

    In a recent survey, 76% of the people believe that the Supreme Court Justices’ political opinions sway their decisions.

    http://www.politicsincolor.com/gbmarshall/2012/us-supreme-court-approval-44

    Who are the morons in the 24%? Of course their political opinions affect their decisions. How else could you explain 4 Justices thinking that the Second Amendment was not an individual right?

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  33. pfft

    By Scotsman @ 428:

    RE: Kary L. Krismer @ 427

    If you can’t think and create on your own you’ll certainly end up a slave to the man who can.

    Those without a plan are always at the eventual mercy of the guy who does have one. Education and intellectual independence are keys to freedom. We continue to let standards slide at out own peril.

    A world of pffffffts- looking to government for our values and sustenance with never an original thought.

    says the birther! there is an original idea.

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  34. pfft

    By Scotsman @ 30:

    Obama has now attended over 150 fundraisers- more than the prior 4 presidents combined.

    link please

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  35. Blurtman

    RE: Kary L. Krismer @ 432 – Or that George W was actually elected president.

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  36. Blurtman

    “Ipso, facto.” sings Obama the Enchanter. “Razzamatazz!” “My magic will heal the economy and remove this plague of locusts.”

    “Taxus Minimus!” chants Romney the Diviner. “My magic shall deliver a fair deal to all subjects throughout the land.”

    Meanwhile, the people grow weary and despair.

    “In the aftermath of the financial crisis, there has been persistent high unemployment as households reduced debt and scaled back purchases. The consequence for wages has been substantially slower growth across the board, including white-collar and college-educated workers.”

    And household wealth is dropping. The Federal Reserve reported last week that the economic crisis left the median American family in 2010 with no more wealth than in the early 1990s, wiping away two decades of gains. With stocks too risky for many small investors and savings accounts paying little interest, building up a nest egg is a challenge even for those who can afford to sock away some of their money. ”

    http://www.nytimes.com/2012/06/19/us/many-american-workers-are-underemployed-and-underpaid.html

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  37. Kary L. Krismer

    By Blurtman @ 436:

    “Ipso, facto.” sings Obama the Enchanter. “Razzamatazz!” “My magic will heal the economy and remove this plague of locusts.”

    “Taxus Minimus!” chants Romney the Diviner. “My magic shall deliver a fair deal to all subjects throughout the land.”

    Meanwhile, the people grow weary and despair.

    Part of the problem is there are too many gullible people in this world, who believe sound bites.

    For example, President Obama’s response to the Romney tax cuts is “They want to take us back to the policies . . ..” as if what got us into the trouble we’re in was too low of taxes. And Romney is no better, trying to pretend that no taxes will have to go up, or that no new types of taxes will be needed, and hiding what spending he wants to cut.

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  38. Kary L. Krismer

    The Fed cuts their estimate for growth in the economy in 2012 and raises it for unemployment.

    http://www.bbc.co.uk/news/business-18527347

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  39. Blurtman

    RE: Kary L. Krismer @ 438 – If only people could borrow more, things would get better.

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  40. pfft

    By Kary L. Krismer @ 437:

    By Blurtman @ 436:
    “Ipso, facto.” sings Obama the Enchanter. “Razzamatazz!” “My magic will heal the economy and remove this plague of locusts.”

    “Taxus Minimus!” chants Romney the Diviner. “My magic shall deliver a fair deal to all subjects throughout the land.”

    Meanwhile, the people grow weary and despair.

    Part of the problem is there are too many gullible people in this world, who believe sound bites.

    For example, President Obama’s response to the Romney tax cuts is “They want to take us back to the policies . . ..” as if what got us into the trouble we’re in was too low of taxes.

    it’s not just low taxes that romney wants. he thinks there is too little regulation. low tax rates are a big cause of our future deficits. low taxes also incentivized the wall street economy and the transfer of wealth to the top.

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  41. pfft

    By Blurtman @ 39:

    RE: Kary L. Krismer @ 438 – If only people could borrow more, things would get better.

    yes.

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  42. pfft

    By Blurtman @ 36:

    “Ipso, facto.” sings Obama the Enchanter. “Razzamatazz!” “My magic will heal the economy and remove this plague of locusts.”

    “Taxus Minimus!” chants Romney the Diviner. “My magic shall deliver a fair deal to all subjects throughout the land.”

    Meanwhile, the people grow weary and despair.

    �In the aftermath of the financial crisis, there has been persistent high unemployment as households reduced debt and scaled back purchases. The consequence for wages has been substantially slower growth across the board, including white-collar and college-educated workers.�

    And household wealth is dropping. The Federal Reserve reported last week that the economic crisis left the median American family in 2010 with no more wealth than in the early 1990s, wiping away two decades of gains. With stocks too risky for many small investors and savings accounts paying little interest, building up a nest egg is a challenge even for those who can afford to sock away some of their money. ”

    http://www.nytimes.com/2012/06/19/us/many-american-workers-are-underemployed-and-underpaid.html

    that data is old and now irrelevant. household wealth has made somewhat of a comeback. trillions have been recovered.

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  43. Blurtman

    RE: pfft @ 440 – Perhaps if he brings Condi on board as his running mate, she can convince us to attack Iran again.

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  44. Scotsman

    “So let me get this straight. If I have a headache, and I try to fix it by smashing my head against the wall, and that doesn’t work, I should just keep doing it over and over hoping that eventually it will?”

    How BB, pfffft, and many others hope to fix the economy. I’m feeling more optimistic already.

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  45. Kary L. Krismer

    By pfft @ 40:

    By Kary L. Krismer @ 437:
    By Blurtman @ 436:
    “Ipso, facto.” sings Obama the Enchanter. “Razzamatazz!” “My magic will heal the economy and remove this plague of locusts.”

    “Taxus Minimus!” chants Romney the Diviner. “My magic shall deliver a fair deal to all subjects throughout the land.”

    Meanwhile, the people grow weary and despair.

    Part of the problem is there are too many gullible people in this world, who believe sound bites.

    For example, President Obama’s response to the Romney tax cuts is “They want to take us back to the policies . . ..” as if what got us into the trouble we’re in was too low of taxes.

    it’s not just low taxes that romney wants. he thinks there is too little regulation. low tax rates are a big cause of our future deficits. low taxes also incentivized the wall street economy and the transfer of wealth to the top.

    I assume you meant Romney thinks there is too much regulation. On that I would tend to agree with him. You need regulation, but the regulations need to be easier to understand and easy to comply with. If they are not, then the business activity gets done out of the country, and the jobs are out of the country.

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  46. Kary L. Krismer

    By Blurtman @ 43:

    - Perhaps if he brings Condi on board as his running mate, she can convince us to attack Iran again.

    That would be like picking Sarah Palin again.

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  47. Kary L. Krismer

    By Scotsman @ 25:

    “So let me get this straight. If I have a headache, and I try to fix it by smashing my head against the wall, and that doesn’t work, I should just keep doing it over and over hoping that eventually it will?”

    A better analogy would be you have a headache, so you take some aspirin (I’m old-school), but your “friend” Barack is slapping you on the head every five minutes. Should you discontinue taking aspirin, or get Barack to stop slapping you?

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  48. Pegasus

    The Scam Wall Street Learned From the Mafia

    How America’s biggest banks took part in a nationwide bid-rigging conspiracy – until they were caught on tape

    The defendants in the case – Dominick Carollo, Steven Goldberg and Peter Grimm – worked for GE Capital, the finance arm of General Electric. Along with virtually every major bank and finance company on Wall Street – not just GE, but J.P. Morgan Chase, Bank of America, UBS, Lehman Brothers, Bear Stearns, Wachovia and more – these three Wall Street wiseguys spent the past decade taking part in a breathtakingly broad scheme to skim billions of dollars from the coffers of cities and small towns across America. The banks achieved this gigantic rip-off by secretly colluding to rig the public bids on municipal bonds, a business worth $3.7 trillion. By conspiring to lower the interest rates that towns earn on these investments, the banks systematically stole from schools, hospitals, libraries and nursing homes – from “virtually every state, district and territory in the United States,” according to one settlement. And they did it so cleverly that the victims never even knew they were being ­cheated. No thumbs were broken, and nobody ended up in a landfill in New Jersey, but money disappeared, lots and lots of it, and its manner of disappearance had a familiar name: organized crime.

    http://www.rollingstone.com/politics/news/the-scam-wall-street-learned-from-the-mafia-20120620

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  49. Blurtman

    RE: Kary L. Krismer @ 445 – Well, not exactly. Condi is a former Secretary of State. Sarah, a former VP candidate. Picking Condi would be more like picking Hilary to be VP.

    Condi is a war criminal, however. Hilary – probably as well, but on a more targeted level.

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  50. Blurtman

    RE: pfft @ 41 – in your world view, is there such a thing as a maximum debt capacity? For individuals, i.e., consumers?

    And in your world view, how does spending only what you earn factor in?

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  51. graygoat

    By pfft @ 440:

    By Kary L. Krismer @ 437:
    By Blurtman @ 436:
    “Ipso, facto.” sings Obama the Enchanter. “Razzamatazz!” “My magic will heal the economy and remove this plague of locusts.”

    “Taxus Minimus!” chants Romney the Diviner. “My magic shall deliver a fair deal to all subjects throughout the land.”

    Meanwhile, the people grow weary and despair.

    Part of the problem is there are too many gullible people in this world, who believe sound bites.

    For example, President Obama’s response to the Romney tax cuts is “They want to take us back to the policies . . ..” as if what got us into the trouble we’re in was too low of taxes.

    it’s not just low taxes that romney wants. he thinks there is too little regulation. low tax rates are a big cause of our future deficits. low taxes also incentivized the wall street economy and the transfer of wealth to the top.

    Can you explain what you mean by: “low taxes also incentivized the wall street economy and the transfer of wealth to the top”? Do you mean low taxes in general across the general population or specifically low taxes aimed at the wealthy?

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  52. whatsmyname

    By Kary L. Krismer @ 447:

    By Scotsman @ 25:
    “So let me get this straight. If I have a headache, and I try to fix it by smashing my head against the wall, and that doesn’t work, I should just keep doing it over and over hoping that eventually it will?”

    A better analogy would be you have a headache, so you take some aspirin (I’m old-school), but your “friend” Barack is slapping you on the head every five minutes. Should you discontinue taking aspirin, or get Barack to stop slapping you?

    I have a better analogy. My head aches because as I was at the ballpark watching George hit ‘em out of the park for the 1 percenters, the bat slipped from his hands, clocking me good. The force of the blow slammed my head into the wall.

    Barack took this opportunity to sell me some insurance, and then drove me to the clinic. By the time we arrived my ears were bleeding, and the clinic had new doctors.

    Doctor Republican Majority wasn’t sure that this was a medical matter, but begrudgingly gave me a half aspirin provided I don’t use the comfy chair.

    Doctor Perry noticed that my ears were bleeding, although no blood was seen at the ballpark, and determined that the injuries were caused by the car trip to the clinic – and the driver.

    Dr. Paul knew absolutely that hard work is the only key to good health and told me that wind sprints were the only true cure.

    Doctor Boehner determined that the aspirin was not working, and therefore likely the cause. He prescribed anti-aspirin as a proper palliative.

    Doctore Romney etch-a-sketched me a message that the best medicine is to get back to the ballpark and watch another slugger deliver the goods to the luxury boxes.

    Dr. Tea Party thought I deserved it.

    Dr. Donald couldn’t understand why all the fuss. His head feels fine, and someone’s got to get the car keys away from that Kenyan.

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  53. Kary L. Krismer

    RE: whatsmyname @ 52 – LOL. You might want to change the first part to George and Barack hitting them out of the park, because George simply wasn’t that good on his own. He needed the support of both parties.

    The point of my analogy though was simpler. It doesn’t really matter what the Fed does, or even that economies go in cycles and will eventually head up just as part of a cycle, because the economy will not do well with the President of the United States spouting anti-business rhetoric. Companies will sit on cash playing it safe, so they’re not likely to be motivated by lower interest rates.

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  54. pfft

    By Blurtman @ 450:

    RE: pfft @ 41 – in your world view, is there such a thing as a maximum debt capacity? For individuals, i.e., consumers?

    yes.

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  55. pfft

    By graygoat @ 51:

    By pfft @ 440:
    By Kary L. Krismer @ 437:
    By Blurtman @ 436:
    “Ipso, facto.” sings Obama the Enchanter. “Razzamatazz!” “My magic will heal the economy and remove this plague of locusts.”

    “Taxus Minimus!” chants Romney the Diviner. “My magic shall deliver a fair deal to all subjects throughout the land.”

    Meanwhile, the people grow weary and despair.

    Part of the problem is there are too many gullible people in this world, who believe sound bites.

    For example, President Obama’s response to the Romney tax cuts is “They want to take us back to the policies . . ..” as if what got us into the trouble we’re in was too low of taxes.

    it’s not just low taxes that romney wants. he thinks there is too little regulation. low tax rates are a big cause of our future deficits. low taxes also incentivized the wall street economy and the transfer of wealth to the top.

    Can you explain what you mean by: “low taxes also incentivized the wall street economy and the transfer of wealth to the top”? Do you mean low taxes in general across the general population or specifically low taxes aimed at the wealthy?

    both.

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  56. pfft

    By Kary L. Krismer @ 53:

    RE: whatsmyname @ 52the economy will not do well with the President of the United States spouting anti-business rhetoric. Companies will sit on cash playing it safe, so they’re not likely to be motivated by lower interest rates.

    1. the economy always recovers slowly after a financial crisis.

    2. corporations have record profits.

    3. corporations have record profits even with slow demand and they are doing it with less workers than in 2007. corporations are all about spending the least amount of money on labor as they can while still earning great profits. why hire? there is not enough demand.

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  57. Kary L. Krismer

    By pfft @ 456:

    By Kary L. Krismer @ 53:
    RE: whatsmyname @ 52the economy will not do well with the President of the United States spouting anti-business rhetoric. Companies will sit on cash playing it safe, so they’re not likely to be motivated by lower interest rates.

    1. the economy always recovers slowly after a financial crisis.

    Agreed, but that doesn’t disprove my point in any way. Do you really think that the President of the United States making negative comments about business and business people has no effect at all?

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  58. pfft

    By Kary L. Krismer @ 457:

    By pfft @ 456:
    By Kary L. Krismer @ 53:
    RE: whatsmyname @ 52the economy will not do well with the President of the United States spouting anti-business rhetoric. Companies will sit on cash playing it safe, so they’re not likely to be motivated by lower interest rates.

    Agreed, but that doesn’t disprove my point in any way. Do you really think that the President of the United States making negative comments about business and business people has no effect at all?

    it has very little effect and is more than offset by his not prosecuting wall street, dragging his heels on new regulations, the auto bailout, the stimulus and helping save the banks shortly after he got into office.

    His jobs act is being blocked by Congress and that would create millions of jobs and help businesses.

    business is to blame for business being bad.

    “the economy will not do well with the President of the United States spouting anti-business rhetoric.”

    links please to studies and etc. showing how much faster the economy would be growing if obama weren’t saying(in your mind of course) anti-business things. also please cite specific instances that aren’t about Las Vegas which was a dumb example. any money not spent in Vegas would just be spent elsewhere.

    We had a “CEO president” how did that work out?

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  59. Kary L. Krismer

    The Supreme Court again upholds the First Amendment, summarily reversing the Montana supreme court decision which restricted corporate spending on campaign issues. By issuing a one page ruling, the Supreme Court basically was in the face of the Montana court!

    http://www.supremecourt.gov/opinions/11pdf/11-1179h9j3.pdf

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  60. Kary L. Krismer

    The Court strikes down a lot of Arizona’s immigration law, but apparently not the part that allows state officers to check immigration status.

    http://www.supremecourt.gov/opinions/11pdf/11-182b5e1.pdf

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  61. Blurtman

    RE: Kary L. Krismer @ 460 – What do Obamney say about the ruling?

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  62. Kary L. Krismer

    RE: Blurtman @ 461 – I think there’s something in that decision for everyone. No clear winner. Overall though, Arizona lost, and the 10th Amendment lost.

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  63. pfft

    By Kary L. Krismer @ 459:

    The Supreme Court again upholds the First Amendment, summarily reversing the Montana supreme court decision which restricted corporate spending on campaign issues. By issuing a one page ruling, the Supreme Court basically was in the face of the Montana court!

    http://www.supremecourt.gov/opinions/11pdf/11-1179h9j3.pdf

    corporations are not people.

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  64. Kary L. Krismer

    By pfft @ 463:

    corporations are not people.

    What’s that have to do with squat? Do you think Constitutional protections don’t apply to corporations? Do you think the government can just go walking into Microsoft without a warrant and seize all of their documents and hard drives?

    The Supreme Court has long held a lower standard for the protection of “commercial speech” which is advertising and such. Who do you think does most of the commercial speech? Individuals or corporations?

    You’ve been brainwashed by the incumbents who like legislation that suppresses speech that opposes them. They want to use their considerable advantages as an incumbent to maintain power, and don’t like the fact that others can spend money against them. So they pass unconstitutional legislation restricting such activity.

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  65. ChrisM

    Critical info when determining for whom to vote:

    http://spaceref.com/news/viewpr.html?pid=37603

    “In regards to national security, nearly two-thirds (65%) of Americans think Barack Obama would be better suited than fellow presidential candidate Mitt Romney to handle an alien invasion. In fact, more than two in three (68%) women say that Obama would be more adept at dealing with an alien invasion than Romney, vs. 61 percent of men. And more younger citizens, ages 18 to 64 years, than those aged 65+ (68% vs. 50%) think Romney would not be as well-suited as Obama to handle an alien invasion.”

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  66. Blurtman

    RE: ChrisM @ 465 – Too late, hu-man. Consume and Obey.

    Rate this comment: Thumb up 0

  67. whatsmyname
  68. Kary L. Krismer

    RE: whatsmyname @ 467 – That was practically predictable. What was the criminal case about 5-10 years ago where they had multiple counts and signals from across the street to indicate guilty or innocent on each count? That was comical.

    These networks try so hard to scoop one another that they throw accuracy out the window.

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  69. Kary L. Krismer

    Clinton’s dream job, and in this case I mean Bill. ;-)

    http://www.businessweek.com/news/2012-06-28/clinton-pushes-travel-record-to-100-countries-with-latvian-visit

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  70. Kary L. Krismer

    Now the White House is upset that the fee that you pay the IRS for not having health insurance is called a tax and not a penalty.

    http://abcnews.go.com/Politics/OTUS/white-house-roberts-obamacare-mandate-penalty-tax/story?id=16679772#.T-3huRfOXwo

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  71. J.M.

    RE: Kary L. Krismer @ 408

    California in debt.

    Projected annual budget problems of about $20 billion each year through 2015–16. Also in 2012–13, California is appealing federal penalties of $160 million because it failed to move enough welfare recipients to private sector jobs.

    The state Budget Brown just signed relies on the voters passing a proposal for more taxes in November. I know I wouldn’t vote to tax myself more.
    http://lao.ca.gov/reports/2010/bud/fiscal_outlook/fiscal_outlook_2010.aspx

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  72. pfft

    By whatsmyname @ 467:

    For Scotsman:

    http://blog.seattlepi.com/hottopics/2012/06/28/cnn-fox-news-botch-obamacare-ruling/

    fox is understandable, there is no excuse for CNN.

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