What part of "we are broke" don't you understand...

Consumers went bust 4 or 5 years ago and haven't fully recovered. Housing is improving and credit card debt has fallen back to much better levels in our households.

Of course, I posted on this several years ago and I'm still right.

BROKE DICKS CAN'T BUY SHIT!!!!

But slowly over the next 6 months to a year, BOOM. The next president will of course get credit for it but it has nothing to do with the politicians other than they propped up the gangsters On Wall Street and the banks that got us into this mess.

Guess what? The next boom will be bigger than last and the next bust will be really ugly. How do I know? Ask yourself, why would anyone change their ways if the last time they committed these crimes you paid the bill and they kept the billions?

Let's not forget who owns our politicians. It ain't me, baby!

f | Decline of the Empire

Credit Donkey carried out a survey of Americans in September, finding that nearly half have no emergency savings. Close to half have no cash savings and are living on the edge of financial disaster, according to a recent CreditDonkey.com survey. While 59% of respondents reported having more than $500 in savings, the other 41% do not have a cash safety net. Well, no surprise there, although there is a definitely possibility that many of these Americans do indeed have over $500 available in case of an emergency—they have 573 dollars and 49 cents. Of course, if you lose your job, or your car breaks down in a serious way, or you have a medical emergency, and you don't have insurance or you've got a high deductible, you are still screwed. $573.49 doesn't go quite as far as it used to But Credit Donkey emphasizes that it's not what you may think. It’s not what you may think: this 41% is made up not only of people living at or below the poverty line. They are also dual-income earners with nice homes, nice cars, nice toys, a 401K retirement savings plan, big mortgages. and big credit card bills. But if they ever get into a bind and need some quick cash — say, because of a car breakdown or an unexpected doctor visit — they don’t have it.

Just when you thought it was safe to vote.....

Don't worry, you won't need your Social Security check, VA check, food stamps, unemployment check, disability check etc. because these guys are going to take them away from you.

Think Oba mama would save you? Jesus, you got to be kidding. Wall Street wants more and more. Even though SS and Medicare are funded by taxes and have surplusesused to hide the true defict amount.

Read that again and figure how cutting these programs running surpluses can lower deficits. No, you can't believe a word these crimi9nals tell you.

You probably heard it hear first, but deficits are always spent on us and are used to finance state expenditures. So, cut them and the states go bankrupt. Just where do these states get the education, highway, medical etc. matching funds?

DUH!!!

Prepare to work underground to make a living because unemployment is here for many years and no one is safe and your total tax bill will be rediculous.

.

Before the Election was Over, Wall Street Won | NationofChange

Before the campaign contributors lavished billions of dollars on their favorite candidate; and long after they toast their winner or drink to forget their loser, Wall Street was already primed to continue its reign over the economy. For, after three debates (well, four), when it comes to banking, finance, and the ongoing subsidization of Wall Street, both presidential candidates and their parties’ attitudes toward the banking sector is similar  – i.e. it must be preserved – as is – at all costs, rhetoric to the contrary, aside. Obama hasn’t brought ‘sweeping reform’ upon the Establishment Banks, nor does Romney need to exude deregulatory babble, because nothing structurally substantive has been done to harness the biggest banks of the financial sector, enabled, as they are, by entities from the SEC to the Fed to the Treasury Department to the White House.

Waste of time is the answer...

The politicians lie and kiss the asses of the people who give them the money. Period. Why vote for rot? Besides, why would anypone want to be a sucker anyways?

Doug Casey's Top Five Reasons Not To Vote | ZeroHedge

Doug: Well, a rational man, which is to say, an ethical man, would almost certainly not vote in this election, or in any other – at least above a local level, where you personally know most of both your neighbors and the candidates. L: Why? Might not an ethical person want to vote the bums out? Doug: He might feel that way, but he'd better get his emotions under control. I've thought about this. So let me give you at least five reasons why no one should vote. The first reason is that voting is an unethical act, in and of itself. That's because the state is pure, institutionalized coercion. If you believe that coercion is an improper way for people to relate to one another, then you shouldn't engage in a process that formalizes and guarantees the use of coercion. L: It's probably worth defining coercion in this context. I know you agree with me that force is ethical in self-defense. A murderer I shoot might feel coerced into accepting a certain amount of hot lead that he did not consent to, but he intended the same, or worse, for me, so the scales are balanced. What you are talking about is forcing innocent, non-consenting others to do things against their wills, like paying taxes that go to pay for military adventures they believe are wrong, etc. Doug: Right. The modern state not only routinely coerces people into doing all sorts of things they don't want to do – often very clearly against their own interests – but it necessarily does so, by its nature. People who want to know more about that should read our conversation on anarchy. This distinction is very important in a society with a government that is no longer limited by a constitution that restrains it from violating individual rights. And when you vote, you participate in, and endorse, this unethical system.

Broke dicks need time or money.....

Depression over as soon as the consumer comes back. Eliminate the debt, give a humongous tax break or send everybody a check.

Done!

PRAGMATIC CAPITALISM – Krugman: Household Debt is the Problem, not the Banking System

Richard Koo’s work where he formally called this idea the “Balance Sheet Recession” and long before we ever came up with Monetary Realism and the importance of understanding why “inside money” rules the monetary roost: “So, the government has a partially correct solution. Not the BEST solution, but it gets to the core of the credit issues. They will essentially trade the bad paper for good paper and it will alleviate many of the pressures on the banks. As I have written here many times the banks are the lifeblood of the system.  I like to think of the banks as the oil in the engine.  If you run out oil the system begins to break down and eventually the engine stops running.  You can’t have a healthy functioning economy if the banks aren’t lending.  Unfortunately, because this won’t fix any problems at the household level it won’t induce any borrowing.  So, it’s a clever way to resolve the banking crisis, however, it doesn’t fix the root of the problem which is at the household level.  So, again I ask – is this a “bailout”?   You bet your ass it is.   Unfortunately, it’s not a bailout of the entire system.  It’s just a bailout of the banking system.  And their problems are merely a symptom of much bigger problems at the household level.”

If only those old bastards would die...

Wouldn't have to cut their checks if they did, right? Isn't that the [lan? After all these rich assholes need our money flowing into their pockets to keep all their standard of living up.

So rob the old and the sick to pay for imaginary deficits, right!

Bill Black: Robert J. Samuelson tries to create a moral panic about deficits « naked capitalism

Samuelson demands the candidates implore the American people to urgently adopt austerity and attack Social Security, Medicare, and Medicaid. We have known for over 75 years that the key to recovering from a recession is to follow a counter-cyclical fiscal policy that will reduce unemployment. We have long exhibited the wisdom to adopt automatic stabilizers that increase government services and decrease taxes when a recession strikes. What would have happened if Obama had adopted austerity as Berlin imposed austerity on the European periphery?  It would have prevented any recovery, throwing the U.S. into an even more severe recession.  Berlin’s austerity demands have thrown the Eurozone back into a gratuitous recession, increasing the budget deficit in many nations and plunging Greece and Spain into depressions.  Europe has followed Samuelson’s and Ryan’s policy advice and the results have been disastrous.  Samuelson’s and Ryan’s austerity policies violate economic theory, economic history, and a natural experiment in Europe with austerity that has proved catastrophic.  Samuelson, however, makes bizarre odes to Irish austerity, emphasizing the necessity of “persuading ordinary citizens to tolerate austerity (higher unemployment, lower social benefits, [and] heavier taxes) without resorting to paralyzing street protests or

I remember Reagan getting his ass kicked in a debate or two.....

Look where it got him. Beating Obama will take more than pretty talk especially when Social Security and the Defense budget are about to be gutted to satisfy the gang on Wall Street who own our government , but you already knew that didn't you. 

And no, voting wont mount to shit!

So why watch?

Mish's Global Economic Trend Analysis: Romney Wins Debate #1 Hands Down; Style Over Substance; Tweedledum vs. Tweedledee

I watched the entire debate between President Obama and Mitt Romney tonight. As an independent voter, I have to say this was not even close. Romney won the debate easily. He was confident, poised, respectful of Obama, and was willing to look at the president instead of the floor. In contrast, president Obama kept looking down, kept shaking his head, and posture-wise seemed as if he was ashamed to be on the stage with Romney. Style Over Substance I still have to ask: Did either candidate really say anything we did not already know? The answer is "not really". Obama kowtowed to unions and teachers. Romney kowtowed to the military. Did anyone expect otherwise?

Huh......No way!!!!......

Hmm. Justice is not blind. One less in the old gene pool, right?

Man dies after live roach-eating contest in Florida | Fox News

MIAMI –  The winner of a roach-eating contest in South Florida died shortly after downing dozens of the live bugs as well as worms, authorities said Monday. About 30 contestants ate the insects during Friday night's contest at Ben Siegel Reptile Store in Deerfield Beach about 40 miles north of Miami. The grand prize was a python. Edward Archbold, 32, of West Palm Beach became ill shortly after the contest ended and collapsed in front of the store, according to a Broward Sheriff's Office statement released Monday. He was taken to the hospital where he was pronounced dead. Authorities were waiting for results of an autopsy to determine a cause of death. "Unless the roaches were contaminated with some bacteria or other pathogens, I don't think that cockroaches would be unsafe to eat," said Michael Adams, professor of entomology at the University of California at Riverside, who added that he has never heard of someone dying after consuming roaches. "Some people do have allergies to roaches,"

Which one, if any, of the clowns in Washington will vote for this?

Haven't we heard this nonsense before? The deficits are coming the deficits are coming, global warming will starve the polar bears, the commies are going to take over Hollywood and give us the clap, etc. etc. etc.

Amid anxiety about defense cuts, states brace for the other $500B hit | Fox News

Deadlocked lawmakers and defense contractors alike have been raising alarm about the more than half-trillion dollars in defense cuts poised to take effect starting in January because of Congress' failure to reach a more balanced deficit-reduction deal.  But there's another side to that budget ax that rarely gets mentioned -- another $500 billion in non-defense cuts that could do serious damage to education, research, safety net and other programs.  All those areas would be cut by nearly 8 percent over the next 10 years. Washington has already signaled drastic consequences for the automatic, across-the-board cuts known as sequestration, including the nonpartisan Congressional Budget Office which says the cuts could stunt economic growth, increase unemployment and send the country into another recession. But state officials are also living in a state of uncertainty and anxiety over the non-defense cuts, as they consider where to find the money to cover the planned reduction in federal support. “There is a lot of uncertainty,” said Scott B. Pattison, executive director of the National Association of State Budget Officers. “States are waiting to see. And in some cases they might just have to say ‘Sorry, we no longer have any money'” for that program

The scaring the nitwits continues.....

In 50 years the Arctic ice will be gone and the fucking Penguins will take over Miami!!!!!

Only one thing we can do about it....Shoot the little bastards!

P.s polar bears don't live on ice bergs and the Arctic ice has been growing and melting for millions of years and I'll be deader than Hell if fifty years, dumbshit!!

Just think of all the careers invoved with this scare mongering. I remember decent intelligent people arguing with me that if we didn't stop the Commies in 'Nam the little brown fuckers would invade with their Sampans and take over my shitty factory job.

I'm still waiting.

Issues that Obama and Romney Avoid | NationofChange

With the quadrennial presidential election extravaganza reaching its peak, it’s useful to ask how the political campaigns are dealing with the most crucial issues we face. The simple answer is: badly, or not at all. If so, some important questions arise: why, and what can we do about it? There are two issues of overwhelming significance, because the fate of the species is at stake: environmental disaster, and nuclear war. The former is regularly on the front pages. On Sept. 19, for example, Justin Gillis reported in The New York Times that the melting of Arctic sea ice had ended for the year, “but not before demolishing the previous record – and setting off new warnings about the rapid pace of change in the region.” The melting is much faster than predicted by sophisticated computer models and the most recent U.N. report on global warming. New data indicate that summer ice might be gone by 2020, with severe consequences. Previous estimates had summer ice disappearing by 2050.

Don't let the door hit you in the ass....

Yes, there are some real weirdos here and if we can get them to leave I'm all for it. Maybe Nigeria will take them!

Airline to help upset voters leave the U.S. - Washington Times

An airline says it will help voters distraught over backing the losing candidate in next month's presidential contest flee the country — for free. JetBlue Airways' new "Election Protection" promotion allows voters the chance to win a free round-trip ticket to one of the airline's 21 international destinations if the election doesn't go their way. Contestants first must preregister at jetblue.com/electionprotection. After the Nov. 6 results are in, the airline will give away 1,006 roundtrip certificates — that's 2012 seats — to participants whose candidate lost. "We've all heard it said before: if my candidate does not win, I'm leaving the country," said Marty St. George, senior vice president of marketing and commercial strategy for JetBlue. "Fun is one of our five founding values, and in this spirit, we decided to give people a chance to recover from the political noise and follow through on their claim to skip town if their candidate comes up short."

Hey, did you know that Romney and Obama are having a debate?

Yawn!!!!

Another buyer for the Mobile...

Sounds pretty positive that the mobile is sold but "show me the money!" Should know by Thursday.

Though a little early.... I told you so.....

It will be much closer than this poll but Romney is nor setting the woods on fire with his own base, as I  oredicted. He still needs a lot help as the economy is pickinmg up.

But as far as policies go, not much will get done until Congress becomes an issue of  single party control. You can't get anything done without 60 votes in the Senate.

Like gun control or ripping off our Social Security so aty least 2 and probably more like 6 years before anything changes in Wahington.

Obama widens lead, confidence against Romney - Washington Times

DENVER — President Obama has opened a sizable lead over Mitt Romney in polling ahead of the election as both Democrats and Republicans are increasingly convinced that he is going to win re-election, according to The Washington Times/Zogby Poll released Sunday. In the latest poll, Mr. Obama drew 49.7 percent support while the Republican nominee garnered 41.1 percent. The previous Times/Zogby polls showed the race a dead heat — including just before the national party conventions, when they were tied with 45.7 percent of the vote each. Even with third-party candidates added to the mix, the results barely changed.