Saturday, July 31, 2010

Is my check in the mail?....

Quit fucking around and write everybody a check. Say $200000. No more excuses to be poor. No more soak the rich. Every body happy.

Until next year. Then we need $300000.

LOL.


How Did We Know The Stimulus Was Too Small? - Paul Krugman Blog - NYTimes.com
How Did We Know The Stimulus Was Too Small?

Those of us who say that the stimulus was too small are often accused of after-the-fact rationalization: you said this would work, but now that it hasn’t, you’re just saying it wasn’t big enough. The quick answer to that accusation is that people like me said that the stimulus was too small in advance. But the longer answer is that it’s all in the math: Keynesian analysis provides numbers as well as qualitative predictions, and given reasonable projections of the economy’s path in January 2009, the proposed stimulus just wasn’t big enough. Let’s go back to the tape, January 9, 2009:


Friday, July 30, 2010

You still can't make this shit up!!....

Sounds like some serious stuff going on here. Hope we make it.


Unexplained Mysteries - Climate change creating 'super marmots'
Climate change creating 'super marmots'

Posted on Monday, 26 July, 2010 | 16 comments

Another consequence of global warming has become apparant in the creation of bigger and stronger 'super marmots'.

Climate change is creating "super marmots" that are bigger, stronger and do not need to hibernate for as long, a new study shows.

Scientists claim longer summers have led to marmots - which are ground-dwelling 'squirrels' - waking up earlier from hibernation, giving them more time to reproduce and gain weight before the next hibernation period.

View: Full article | Source: Telegraph


Thursday, July 29, 2010

O.K......

Let's just shoot the Republicans and the left wont have any problems with them taking over this fall. Poor Oba mama in order to win reelection he'll have to compromise with the right to win. Boo hoo. Of course, it worked for his Highness Billy Bob Clinton.

Not that it will make any difference!


The political genius of supply-side economics | Martin Wolf's Exchange | FT.com
Finally, with one party indifferent to deficits, provided they are brought about by tax cuts, and the other party relatively fiscally responsible (well, everything is relative, after all), but opposed to spending cuts on core programmes, US fiscal policy is paralysed. I may think the policies of the UK government dangerously austere, but at least it can act.

This is extraordinarily dangerous. The danger does not arise from the fiscal deficits of today, but the attitudes to fiscal policy, over the long run, of one of the two main parties. Those radical conservatives (a small minority, I hope) who want to destroy the credit of the US federal government may succeed. If so, that would be the end of the US era of global dominance. The destruction of fiscal credibility could be the outcome of the policies of the party that considers itself the most patriotic.

In sum, a great deal of trouble lies ahead, for the US and the world.

Where am I wrong, if at all?


Wednesday, July 28, 2010

Sure helps to vote, doesn't it?.........

In this case it's Dem's getting the welfare checks. Probably be Republican next time. But not in California which has the fix in for Democrats in most cities and counties.

Of course, that's why honest people move to Idaho. lol.


Daily Digest - Daily Digest - July 22 - Jul. 22, 2010 - Blogs at Chris Martenson - Daily Digest, Economy
"(CBS) Despite its name, Bell, Calif., doesn't have much of a ring to it these days. Unemployment is 16 percent and most people in this blue collar town make about $30,000 - unless they work at City Hall, reports CBS News correspondent Ben Tracy.

Irate taxpayers stormed the building after finding out that the city manager is paid nearly $800,000 to run a town of just 37,000 people.

"We're being ripped off, we're being looted by this administration and we want to put an end to it," said one protestor.

Robert Rizzo has run Bell for 17 years. His starting salary was a reported $72,000. Thanks to pay hikes and an automatic 12 percent annual raise, his salary has skyrocketed nearly 1,000 percent.

He now makes three times as much as the mayors of Los Angeles, $232,425, and Chicago, $216,210 and nearly twice as much as President Obama, $400,000. Rizzo doesn't even live in Bell, he lives in a million-dollar home near the ocean in Huntington Beach. Tracy went to City Hall to talk to him and he wasn't on the job.

Taxpayers are also angry that the city's police chief makes $457,000. That's twice a much as New York's police commissioner, $205,000, who leads nearly 35,000 officers. Bell's chief oversees 33. "


Tuesday, July 27, 2010

As I've said before....

The media and their corporate owners keep us under control by selling fear. Earthquakes, oil spills, Alar and other Chemicals in your food, little brown people, gang bangers, racist, Queers, the Devil, Left wing or right wing nuts, Commies, Liberals, Fox News, Rush, Nukes, Big Black guys, Republicans, bloggers, and anyone who bad mouths Obama.

I'm sure I'm on this list a couple places. Who knows, maybe the only one we should be afraid of is anyone selling this shit!!!

BP Oil Spill: Where Did All The Crude Go? Mother Nature Breaks Down Slick in Gulf of Mexico - ABC News
At its peak last month, the oil slick was the size of Kansas, but it has been rapidly shrinking, now down to the size of New Hampshire.

Today, ABC News surveyed a marsh area and found none, and even on a flight out to the rig site Sunday with the Coast Guard, there was no oil to be seen.


Monday, July 26, 2010

Yes.... So what?

I talked about this over 20 years ago when I supported Pat Buchanan for president. Nothing will change now as we're way past doing anything about it except pay.


 The U.S. Middle Class Is Being Wiped Out  : ICH - Information Clearing House
The U.S. Middle Class Is Being Wiped Out
Here's the Stats to Prove It

By Michael Snyder

July 16, 2010 "The Business Insider" -- The 22 statistics detailed here prove beyond a shadow of a doubt that the middle class is being systematically wiped out of existence in America.

The rich are getting richer and the poor are getting poorer at a staggering rate. Once upon a time, the United States had the largest and most prosperous middle class in the history of the world, but now that is changing at a blinding pace.

So why are we witnessing such fundamental changes? Well, the globalism and "free trade" that our politicians and business leaders insisted would be so good for us have had some rather nasty side effects. It turns out that they didn't tell us that the "global economy" would mean that middle class American workers would eventually have to directly compete for jobs with people on the other side of the world where there is no minimum wage and very few regulations. The big global corporations have greatly benefited by exploiting third world labor pools over the last several decades, but middle class American workers have increasingly found things to be very tough.

Giant Sucking Sound

The reality is that no matter how smart, how strong, how educated or how hard working American workers are, they just cannot compete with people who are desperate to put in 10 to 12 hour days at less than a dollar an hour on the other side of the world. After all, what corporation in their right mind is going to pay an American worker 10 times more (plus benefits) to do the same job? The world is fundamentally changing. Wealth and power are rapidly becoming concentrated at the top and the big global corporations are making massive amounts of money. Meanwhile, the American middle class is being systematically wiped out of existence as U.S. workers are slowly being merged into the new "global" labor pool.

What do most Americans have to offer in the marketplace other than their labor? Not much. The truth is that most Americans are absolutely dependent on someone else giving them a job. But today, U.S. workers are "less attractive" than ever. Compared to the rest of the world, American workers are extremely expensive, and the government keeps passing more rules and regulations seemingly on a monthly basis that makes it even more difficult to conduct business in the United States.

So corporations are moving operations out of the U.S. at breathtaking speed.


Sunday, July 25, 2010

Those fuckers.....

I'm betting it was the lack of government regulations. What do you think?
Maybe Oba mama can go back and do something about it. As long as he doesn't come back (lol)

Take Congress with you, buddy.

Unexplained Mysteries - Woolly mammoth hunters helped change climate
The demise of the leaf-chomping woolly mammoths contributed to a proliferation of dwarf birch trees in and around the Arctic, darkening a largely barren, reflective landscape and accelerating a rise in temperatures across the polar north, researchers at the Carnegie Institution for Science concluded.

Ancient human-caused warming was tiny compared to modern-day warming, in which the Earth's temperature has risen about 0. 74 degrees Celsius (1. 33 degrees F) since the start of the 20th century.


Saturday, July 24, 2010

C'mon Arnie......

Just handout pink slips, for Christ's sakes. No judge can stand in the way if you lay off people you don't have money to pay for. (just don't raise taxes on your rich buddies.)


KFI AM 640 More Stimulating Talk Radio
Sacramento County Superior Court Judge Patrick Marlette denied the administration's request for a temporary restraining order that would force the controller immediately to pay the federal minimum wage to about 200,000 state workers in order to deal with the state's budget mess.

He ruled that it would cause too much harm to employees.

Deputy Controller Hallye Jordan says the decision means state workers will continue to receive their full wages in July and August.

The judge says he will allow the administration's lawsuit to proceed so the courts can sort out whether the controller must pay minimum wage in the future.

The next hearing will be July 26.


Friday, July 23, 2010

Broke dicks can't save the economy...

Takes a surplus to get us out of this mess. Ain't going to happen! Better paying jobs have been shipped out to foreigners destroying our manufacturing base.This in turn means that high school grads and drop outs can't get a better paying job and are stuck with lower real wages. This in turn means that our cash goes overseas and has to come back by buying our assets.(mostly real estate and bonds) as we have less and less to sell overseas. And our manufactured goods comeback cheaper and put more pressure on the remaining factories. leading to further declines in our standard of living.

To cover up this government created debacle the government takes much of these funds and buys votes with it by various welfare schemes and pumps up the military to protect this system around the world. Once this cycle starts, of course, all we will get is another speculative boom fueled by printing press money. Then another bust, bigger than this one, because the economy has no surplus wealth to pay off the overburden of debt which has to be rolled over. This is usually referred to as a"Ponzi scheme."

Government deficits are not the problem as they can borrow the excess cash back by selling treasuries and put it back into the system. 

At least until no one, for whatever reason, continues buying them.

oftwominds: Oversupply of Old Failed Ideas, Undersupply of New Pragmatic Ideas
1. The bottom 80% of consumers are over-indebted and have little assets or surplus income to leverage into more consumption. Please see The Root of the Housing Bubble Remains Unchanged (May 27, 2010) and The Stock Market As Propaganda (March 10, 2010) for more on these topics.


2. The 75% of U.S. households who are above the poverty line already own everything anyone could possibly need for a wonderful, fulfilled lifestyle. That is the dirty little secret not just of the Keynesian Idea but of post-industrial Neoliberal Global Capitalism.


I devote a considerable amount of the Survival+ critique to the entire notion that "demand" for more stuff and services is actually as endless, beneficial and fulfilling as the relentless media-marketing machine would have us believe. The causal connection between ever-rising consumption and individual happiness is actually weak to non-existent; beyond a rather modest level (clean water, warm place to sleep, sufficient calories to eat, etc.) then the factors which leverage human happiness and fulfillment are relationships (friends, etc.) and meaningful work.


So the explicit premise of the entire Keynesian Project--that private demand for more consumption is the foundation of "prosperity," and thus all we need to do is lavish enough money on consumers to spark their insatiable appetite for more, more, more of anything and everything--is doubly bankrupt: there are limits on private "organic" demand (i.e. demand which isn't created by giving everyone $3,000 to buy a new car, etc.) both financially (most American households have too much debt and not enough surplus income and/or assets to justifiy more borrowing and splurging) and intrinsically: another thousand songs on your iPod, another pair of shoes, another session at the nail salon--none of it actually adds much to human fulfillment or happiness.


Beyond a modest level, consumption is the classic example of diminishing returns: you keep spending more but enjoying it less. At the end, ennui, alienation and exhaustion replace enjoyment. An addictive cycle of consumption, dissatisfaction and a derangement devoid of self-awareness takes hold.


Indeed, it can be argued that our entire economy of consumption is more a systemic cultivation of addiction than a system based on fulfilling human needs and "the pursuit of happiness."


So many proponents of the Keynesian Idea refer back to the 1930s as the testing field for their "solution" of fiscal and quantitative stimulus (easing of interest rates and availabililty of credit).


Yet so many fundamental factors in the present were not factors in the 1930s. To name but a few: global wage arbitrage was not much of a factor, and it certainly is a key determinant of U.S. household income now. If the U.S. fails to create real products and services with a high market value in the global market, then U.S. wages will trend to the wage levels in lower-value producers.


You can borrow and spend all you want, but if incomes are declining for structural reasons, along with assets deflating from credit bubbles, then you are shoveling sand to hold back the tide. Rising debt loads require rising incomes. Without rising incomes, rising debt leads to insolvency. That is "obvious," yet it is not something Keynesians can admit, lest their entire Project be revealed as intrinsically flawed.
SNIPPET

The demographic realities of a shrinking workforce and rising cadre of retirees dooms the entire Social Welfare State idea.
The conceit of the Social Welfare State--that the State can provide
retirement and healthcare for 40% of its citizenry by heavily taxing
the 40% who are working in taxpaying jobs (as opposed to the
cash/no-tax economy) will be proven false. Proponents keep claiming
that minor tweaking of parameters will make this idea work: extend
retirement age by a few years, increase the tax a few points, etc.





Thursday, July 22, 2010

Huh?.......

Just when we thought we had a clue on how to solve our auto accidents (arrest morons like Lindsay Lohan) we get the ultimate solution.

Yea, buddy!


Pyramid Scheme - Daily Brickbats : Reason Magazine
Police in Nagpur, India, have come up with a way to reduce traffic accidents. They've placed small pyramids near 10 sites where accidents are common in the hope that their mystical energy will reduce the number of wrecks.


Wednesday, July 21, 2010

What else is new?........

Few people in power have ever not been on welfare. All you really need is someone you know put you into  a government job and make sure you stay  bought. Of course, do what your told explicitly means you agree with their main premise which is:

GOVERNMENT FUCKING UP YOUR LIFE IS NECESSARY!


US Jobs Data: One Reason Why It Might Not Be Getting Better
A chart that showed past presidents and the percentage of each president’s cabinet appointees who had previously worked in the private sector – you know, a real life business, not a government job? Remember what that is? A private business?

* Roosevelt – 38%
* Taft – 40%
* Wilson – 52%
* Harding – 49%
* Coolidge – 48%
* Hoover – 42%
* FDR – 50%
* Truman – 50%
* Eisenhower – 57%
* Kennedy – 30%
* LBJ – 47%
* Nixon – 53%
* Ford – 42%
* Carter – 32%
* Reagan – 56%
* GHWB – 51%
* Clinton – 39%
* GWB – 55%

And the Chicken Dinner Winner is…………………….

* Obama – 8%*

This is the guy who wants to tell YOU how to run YOUR life!

ONLY ONE IN TWELVE in the Obama Cabinet HAS EVER HAD A JOB.

*YEP, EIGHT PERCENT!


Tuesday, July 20, 2010

All together now......

Hold your breath.


DERUGY: To deal with debt, we have to stop lying about it - Washington Times
The deficit commission and its 18 members have the historic opportunity to correct many years of irresponsible fiscal policy and set us on a path to sustainability. As they form their recommendations over the next few months, they will consider many solutions. In order to help them evaluate those ideas, I suggest three criteria that they can apply to the proposals and to their final recommendations, criteria that will tell them whether those recommendations will be the solution to our fiscal woes.

With a $1.5 trillion deficit and more than $8 trillion of debt held by the public, our county is in the red. But as baby boomers start retiring, spending will explode on programs like Medicare, Medicaid and Social Security. Along with that, the interest


Monday, July 19, 2010

Why would anyone do business with these guys?.....

Why bank with gangsters? Use your credit union. Pay your bills electronically. I use Walmart money orders, haven't bounced one yet. And with a debit card or credit card that's all you need.

Besides if you get ripped off you deserve it for being an idiot.


The Coming Depression: Banks Ripped The Public Off For 38 Billion: Its Allowed
One of the most pernicious of these predatory practices is the overdraft fee. It's one of the biggest revenue streams for banking behemoths today. In 2009, banks reaped over $38 billion in overdraft fees from their own customers, while posting a total combined profit of just $12.5 billion. Without overdrafts, many banks would have scored massive losses last year, and possibly gone under. Instead, they booked epic bonuses.

It can come as a huge shock to get hit with a rash of overdraft fees. You open a bank statement to find that you are not only broke, but deep in the hole thanks to several $30 or $40 charges. Your first reaction is shame. How could I have let this happen? But looking into the ways that banks conduct their overdrafts, you come to realize that you've simply been scammed.


Sunday, July 18, 2010

Let me look.....

Are Big Breasted Women More Intelligent? | BeyondJane
Are big breasted people less intelligent than their small breasted counterparts? Does breast size correlate with intelligence? Sometimes old stereotypes die hard. The idea perpetuated down through the ages is that big breasted women are less intelligent. This image has been reinforced in literature, in comic strips, and on television where the air headed woman is portrayed with overly processed blond hair and large breasts prominently displayed in an eye catching push up bra.

In contrast, the smart woman is generally depicted as being dark haired and small breasted, with thick rimmed glasses and a rather nondescript look. It may be time to rethink this outdated notion..


Saturday, July 17, 2010

What's senator Clinton doing?.....

Buying mansions, of course. Wouldn't want her to suffer.


Feeling crunch of a high jobless rate : Home: The Buffalo News
The day Erin Mahoney-Lamb found out her job as a paralegal had been eliminated, the news came that her husband's extended unemployment benefits were being cut off.

"Our whole world just kind of crumbled in a matter of 24 hours," said the Town of Tonawanda mother of two. "We had already cut everything down and were being very careful with money. It was like, "Oh, no. What do we do?'"

Early last month, 9,300 laid-off Western New Yorkers found their federal unemployment benefits abruptly cut off after Congress adjourned without approving an extension. A temporary measure to extend emergency unemployment benefits to the jobless — beyond the typical 26 weeks and up to 99 weeks — expired June 2. Efforts to reinstate the benefits stalled when Senate Republicans blocked a bill to continue the payments.


Friday, July 16, 2010

These new laws are only for you and me.....

The elite avoid these problems because they have lawyers in on the take. Just look at Congress or the gang leader in the White House.


Attacks on Freedom by John Stossel on Creators.com - A Syndicate Of Talent
Something's happened to America, and it isn't good. It's become easier to get into trouble. We've become a nation of a million rules. Not the kind of bottom-up rules that people generate through voluntary associations. Those are fine. I mean imposed, top-down rules formed in the brains of meddling bureaucrats who think they know better than we how to manage our lives.

Cross them, and we are in trouble.

The National Marine Fishery Service (NMFS) received an anonymous fax that a seafood shipment to Alabama from David McNab contained "undersized lobster tails" and was improperly packed in clear plastic bags, rather than the cardboard boxes allegedly required under Honduran law. When the $4 million shipment arrived, NMFS agents seized it. McNab served eight years in prison, even though the Honduran government informed the court that the regulation requiring cardboard boxes had been repealed.

How about this one? Four kindergartners — yes, 5-year-old boys — played cops and robbers at Wilson Elementary in New Jersey. One yelled: "Boom! I have a bazooka, and I want to shoot you." He did not, of course, have a bazooka. Nevertheless, all four boys were suspended from school for three days for "making threats," a violation of their school district's zero-tolerance policy. School Principal Georgia Baumann said, "We cannot take any of these statements in a light manner." District Superintendent William Bauer said: "This is a no-tolerance policy. We're very firm on weapons and threats."


Thursday, July 15, 2010

Works every time it's tried....

The big money boys prefer gridlock. So do I. The best government is one that can't get anything done. As for the raise in taxes coming up you just have to remember that a side job or business is untaxed after "deductions".

Unless your dumb enough to tell any one aboutthe amount  your cash intake.  You can literally lose money for years and not pay enough taxes to matter. Just make sure you have your lines of credit in place. Remember, borrowing is a tax free event in business. Besides there are people in real estate who pay next to nothing in taxes year after year because no one knows they even exist!

Get a good tax guide and prove it to yourself. That 's my plan for what it's worth. Boom and bust are the norm.

Get ready for the next boom.

Hot Air » Who will be the New Obstructionists after the midterms?
Rumor has had Barack Obama secretly hoping for a Republican victory in the midterms, a pet conspiracy theory that propagated among House Democrats during the winter of their discontent over ObamaCare. Ever since, pundits have convinced themselves that having a foil in a Republican-controlled House would allow Obama to blame the GOP for any gridlock, and use that to get himself re-elected in 2012. Bill Clinton did something similar when he won a standoff and a government shutdown with Newt Gingrich in 1995.


Wednesday, July 14, 2010

Follow the money....

They are all rotten in government. Trust me.


Activist Post
President Obama knows that agribusiness cannot be trusted with the policy and regulatory powers of government. On the campaign trail in 2007, he promised:

We'll tell ConAgra that it's not the Department of Agribusiness. It's the Department of Agriculture. We're going to put the people's interests ahead of the special interests.

But, starting with his choice for USDA Secretary, the pro-biotech former governor of Iowa, Tom Vilsack, President Obama has let Monsanto, Dupont and the other pesticide and genetic engineering companies know they'll have plenty of friends and supporters within his administration.
President Obama has taken his team of food and farming leaders directly from the biotech companies and their lobbying, research, and philanthropic arms.
Michael Taylor, former Monsanto Vice President, is now the FDA Deputy Commissioner for Foods.


Tuesday, July 13, 2010

What's for dinner?......

What ever is left that you've saved up . That is probably the extent of it in the future. Prices will get exciting that's for sure. You would think that with millions still unemployed they'd be giving food away to maintain their market share but with government propping up prices on the farm we keep food prices high or find something else to do with our time.

Our sales down 8% this month here at the Ponderay Wally World . I guess Chinese trinkets aint that important anymore. Groceries are under pressure as a new modern store opened up last week to squabble over  a few thousand customers.

Remains to be seen how we make it through the economy retrenching. Good thing Oba mama's second half stimulus money kicks in. He's going to need all the help he can get saving any Dem's this year and the economy better be positive next year or he's unemployed.

Not that it matters to us broke dicks.


Activist Post: USDA Reports Food Shortages: Wall Street 'Caught Off Guard' by Severity
Several recent headlines indicate that food prices will continue their swift climb upward. These troubling new reports show that agriculture production and stored grains are critically low and experts are now predicting food shortages on a grand scale.

Look at a few mainstream headlines: Drought threatens global rice supply in the India Times; VA farmers say heat taking toll on crops, Associated Press; Severe food shortage follows lack of rainfall in Syria; and, finally, Corn prices bolt as USDA downsizes crop estimates, which states that, "Commodity professionals were caught off guard Wednesday by a U.S. Department of Agriculture report showing 1 million fewer acres of corn planted this year than earlier projected, and almost 300 million fewer bushels of corn in storage." And these articles don't begin to address crops being damaged by the toxic rain from the Gulf oil disaster.


Monday, July 12, 2010

Doubtful that bernanke will stand by.....

Deflation is where we're at right now. That's what "monetary collapse" means. Printing press money  is used, as a last resort, to add money to the system. yet money supply is falling. No one is sure why. If it doesn't we have the 30's all over again.

The big question is where did all the money go? I didn't get any.

And the second half of the stimulus funds are scheduled to be spent this fiscal year to save as many Dem's as possible. If the economy is perking along by sometime early next year oba mama is toast.

Bet on a boom. Remember Clinton moved to the right after Dem's got slaughtered and was reelected handily. We need even bigger checks to save his sorry black Marxist ass.


oftwominds: Why (Hyper) Inflation Is Not In the Cards
The policies of the Federal government are set to benefit those who hold the levers of power. Deflation benefits those who own the debt, inflation benefits the debtors. The Financial Power Elites are not the debtors--we are.


The usual debate about what's in the cards, deflation or (hyper) inflation, assumes the market or the Federal Reserve/Treasury will be the definitive factor. The more fruitful analysis starts with asking what benefits the Financial Power Elites who influence the process of governance.



I have annoyed a great many readers over the years without intending to do so, and I risk doing so once again by invoking the term the politics of experience, which is the very core of the Survival+ critique.


Why is an analysis of the political nature of our experience so important? Because it sheds a unique light through the subtexts and smokescreens deployed by the status quo to mask the way specific policies benefit politically powerful players. By askingcui bono-- to whose benefit?--we can parse out why deflation or mild inflation is in the cards and hyperinflation is not.


Who benefits from high inflation? Those with debts to pay. Debts get easier to pay if inflation eats up 10% of the debt's purchasing power every year. If income and debt remain unchanged in nominal terms but income retains the same purchasing power, in five years of 10% annual inflation, the debt will have effectively been slashed by 40%.



Sunday, July 11, 2010

This is so common......

We have several customers who buy books and bring them in and exchange them for new. Another famous incident is people who buy camping gear from the store use it and return the stuff after the week end is over and I believe, some people go to another store  and do it again.

And let's not forget the broke dicks that need a suit and tie overnight, right?

What really hurts the bottom line is the buying refrigerated or frozen items  and eating some and bringing it back for replacement. Of course, even not opening the package means it goes into the dumpster at Wally World for fear of contamination.

The secret is that Walmart doesn't usually question this behavior as it believes alienating a single customer is bad for the bottom line. Also any purchase less than 50$ is usually refundable without receipt.

Another racket shop lifters have glommed onto for fun and profit

The Daily Bark » Returnaholics: A Trendy Danger to the Retail Industry?
n the wake of the recent recession, consumers have been behaving much more conservatively with their money, which has arguably been one of the few positive outcomes of these rough economic times. Recent years have seen several new shopping patterns, including cost-conscious comparison-shopping and a significant increase in coupon use. However, a new trend that’s currently on the rise begs the question of whether consumer conservatism has gone too far. Returnaholics, as they are called, are shoppers who are obsessed with buying and retuning items on a regular basis. This compulsive, and sometimes downright fraudulent, behavior is starting to cause harm and headaches to retailers both large and small. Today, we explore the reasons Returnaholics can’t seem to hang onto their purchases and look at the large effect that this small group of shoppers has on stores and, ultimately, the rest of us.


Saturday, July 10, 2010

Is this the same President.....?

Who told people not to go to Vegas? 

And I thought the stimulus was over? Look at all the happy people on Wall Street.  Well thanks to the stimulus the stock market has gotten back where it was under Clinton?

Not after inflation is counted, of course. But who's counting. And let's not forget that we've only closed 90 more banks this year. Or thanks to the government it now takes a 740 FICO score to buy a shack still hideously over priced.

But how many broke dicks have any FICO score to speak off? Once you lose your job it's only a matter of time before the bills pile up and you get behind. Remember people didn't have a dime saved except what little they had in retirement invested in  Wall Street swindles.

Yes, this is the same President who doesn't have a clue because he got the job precisely because he doesnt have a clue.

Borrowing to prop up Ponzi schemes is nuts!

President Barack Obama on Stimulus Bill Success in Las Vegas - ABC News
Why is Obama still selling the stimulus 17 months after the money started flowing into the country? The latest ABC News/Washington Post poll shows that 7 in 10 Americans think there has been no economic benefit from the $862 billion stimulus legislation, so the president is out to convince the majority of the American people that they're wrong.

On Thursday, President Obama swept into the heartland of America with a similar economic message. In Kansas City, Missouri, he visited an electric truck plant that was the beneficiary of a $32 million stimulus grant. Recently, the company hired its 50th employee and expects to hire 50 more.


Thursday, July 08, 2010

We can't have it both ways.......

All these houses have to be sold and taken off the bank's books. Actually, one way or the other, they will be.  Until then your house won't be worth much because these houses will destroy the banks  book value and cause them to fail keeping houses at pennies on the dollar at auction.

The Fed and Treasury have done about all they can do to stop the fall by buying inventory, giving money away and encouraging tax gimmicks. in due time prices recover or stop dropping like a rock  and these house get sold and then new houses get built.

At least that's the plan.

The alternative is to close the banks and auction off everything at pennies on the dollar and get it over with. This would have meant that the bust would have lasted about half the time it has as all previous busts have.

It's amazing what all that money contributed to the politicians will do. Let's not call it bribe money in public just expect it to double and triple in the future.

Hey, do you think maybe Al queda can scrape up a few bucks and get amnesty?

40 percent of Florida homes sales are foreclosures - Business Breaking News - MiamiHerald.com
Sales of foreclosed homes in Florida made up nearly 40 percent of all purchases in the first part of this year, a ``terrifying'' statistic, one analyst said, and one that led to deeply discounted prices on distressed properties.

In Miami-Dade County, foreclosure sales made up nearly half -- 47 percent -- of all homes sales in the first five months of 2010, according to a new report from Irvine, Calif.-based RealtyTrac, which aims to measure foreclosure sales and their impact on home pricing. In Broward County, 46 percent of all homes sales involved distressed properties.

To compare, less than 1 percent of Florida home sales in 2005 were of foreclosed properties, RealtyTrac found.

The report, released Wednesday, defines foreclosure sales as those of homes that are bank owned or where the owners have defaulted on the mortgage and received at least one foreclosure notice.

``Forty percent is a significant number,'' said Michael Sichenzia, president of Dynamic Consulting Enterprises in Deerfield Beach.


Tuesday, July 06, 2010

Jobs? Send them back....

Not exactly rocket science. Send 18$ an hour jobs over seas and give everyone a job in Walmart at half that. Works every time destroying the middle class. At least these guys didn't murder us like the commies did back in the twenties in Russia.

They just bankrupted us!!!


7 Systemic Problems that are Killing America | Business Pundit
In 1979, manufacturing comprised 21% of the economy. In 2008, that number was 11.5%. One in six factory jobs disappeared between 2000-2007. When a factory goes away, it takes its supply chain, R&D, and other supporting companies with it. Richard McCormack writes that “one manufacturing job supports 15 other jobs. No other category of job has such a high multiplier.”

By outsourcing much of our manufacturing, we ended up relying on services to support the economy. It’s a precarious situation, especially since services are outsourceable, too. One Princeton economist says 40 million jobs could be shipped out in the next 10-20 years, including 1 out of 3 service jobs.

What have gained by transferring our manufacturing (and, by association, knowledge and wealth) to other countries? A massive trade deficit with 90 countries, for one. Consumers and companies don’t have a choice of where to buy products. They’re made abroad by default. If they were made here, they’d be prohibitively expensive, thanks to stringent regulatory requirements that the US doesn’t apply to goods produced elsewhere. It’s no wonder we’re a country that consumes more than it produces.

We have a trade imbalance of $232.5 billion with China alone. China produces most of the goods that American consumers buy. American companies offshore there because China is cheap and doesn’t have expensive regulations. Moreover, China owns an estimated $1 trillion in US Treasuries. Yet the US only makes up about 12% of China’s trading. If China drops the ball, we flounder. We’re forced to politically tap dance with China in order to maintain economic stability.


Monday, July 05, 2010

Buy food......

Pay off old debts. Be ready for bargains after the next bust.

It's inevitable!!!


Activist Post: USDA Reports Food Shortages: Wall Street 'Caught Off Guard' by Severity
We are back to recession economics and rapidly heading toward a deeper, longer “Third Depression.” With all recent economic indicators setting new record lows and deficits at record highs, this ship is only going one way folks, down, down to Chinatown. This WTC-Building 7-style-controlled-demolition of the U.S. economy has long been engineered by the borderless banksters and will likely continue to collapse at the rate of free-fall gravity. With all of the manufactured confusion it may be difficult to know where best to invest your limited assets, but it seems to be clear that Food is on the march.

Depressions are caused when capital is removed from the economy and that large sucking sound you hear is your money being vacuumed out of your pockets into the banksters' coffers. The shakedown went like this: they bet big, got fat, then lost thousands of times more than everything real on earth combined, then representatives of the serfs gave them all of the serfs’ money they need (including bonuses) to re-stimulate the economy.


Sunday, July 04, 2010

Corruption?.....

No. Just the new Washington that Oba mama has brought us. Next thing you know we'll have Republicans in charge and, boy, will things change!

Not!!!!!

Postal boss was not sent packing - Washington Times
The former $232,500-per-year president of shipping and mailing for the U.S. Postal Service regularly worked on outside corporate business while in the office, even enlisting his postal staff to schedule meetings and arrange for his private travel, postal investigators have found.

Robert Bernstock also helped steer millions of dollars in no-bid postal contracts to former business associates he knew from his days as a top executive at companies such as pickle producer Vlasic Foods and lawn care giant Scotts Miracle-Gro, according to a new report by the office of inspector general for the U.S. Postal Service and contract records.


Saturday, July 03, 2010

Did I tell you we can't make this shit up?....

Honest. The dumb bitch actually orgasmed or something. I actually seen it on TV.

What's really weired is somebody actually voted for this nut job.

Speaker Nancy Pelosi | News Room | Press Releases
“But we have to pass the bill so that you can find out what is in it, away from the fog of the controversy. Furthermore, we believe that health care reform, again I said at the beginning of my remarks, that we sent the three pillars that the President’s economic stabilization and job creation initiatives were education and innovation—innovation begins in the classroom—clean energy and climate, addressing the climate issues in an innovative way to keep us number one and competitive in the world with the new technology, and the third, first among equals I may say, is health care, health insurance reform. Health insurance reform is about jobs. This legislation alone will create 4 million jobs, about 400,000 jobs very soon.


Friday, July 02, 2010

Beats working....

Wouldn't be cheaper just to cut every welfare recipient a check directly from the IRS and do away with the bureaucrats. Of course, but that wouldn't buy very many votes.

We have and need "poor people" to support the corrupt bureaucrats who support the corrupt politicians who support the corrupt system that we pay for.

It never ceases to amaze me that anyone doubts how our system works. The key is to figure a way to get in on it.

While it last of course.


RECTOR/DONOVAN: Confronting the unsustainable welfare state - Washington Times
The Washington Times Online Edition

Sean Lengell
quoteRepublicans pressed Kagan on many thorny legal questions and social issues.quote

Sean Lengell

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RECTOR/DONOVAN: Confronting the unsustainable welfare state

By Robert Rector and Charles A. Donovan

9:38 p.m., Wednesday, June 30, 2010

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ANALYSIS/OPINION:

Fourteen years ago, an energized Republican Congress voted to reform a vital part of the nation's fast-growing welfare system. President Clinton signed the bill into law, promising that the measure would "end welfare as we know it."

But what began as a promising era of reform has completely collapsed. Government welfare spending is climbing rapidly, and at an unsustainable rate.

The Obama administration projects that over the next 10 years the United States, at all levels of government, will spend more than $10 trillion on means-tested welfare programs for the poor. And we're off to a galloping start.

President Obama's budget for next fiscal year would increase spending on these programs by 42 percent compared with President Bush's last complete budget.


Thursday, July 01, 2010

You can't make this shit up.....

Well, I could. But there are people who would put money on it. (hey they give money to preachers, for Christ's sake. )


Unexplained Mysteries - Aquarium owners predict football results with octopus
In a peculiar story this week Paul the "psychic octopus" has allegedly been credited with predicting football results.

A "psychic" octopus is said by its aquarium owners to have predicted the country's football team will knock England out of the World Cup.

The two-year-old cephalopod has a record of predicting past German results in this manner, his owners say. Paul has so far correctly predicted all of Germany's results in South Africa.