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PerpWalkWatch - # of Hours New AG Eric Holder Has Let Angelo Mozilo Run Free
Eric Holder and Barack Obama
Failure to
Arrest
Angelo Mozilo
2862 Hours
(countdown suspended 6/21/2009)
ERIC HOLDER - YOU ARE A COWARD
DO YOUR JOB
(UPDATE 6.4.09 - SEC CHARGES MOZILO WITH INSIDER TRADING. YET ERIC HOLDER STILL SITS ON HIS ASS AND DOES NOTHING)
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104 comments:
No, this is the great realignment. All of those who never had any real skills are being laid off and can't find work nor will find work in the near future. They need to go to Obama's reeducation camps and learn to install energy efficient lightbulbs for 1/4th of the inflated salaries they used to get. Americans and those of other countries who never prepared for the rainy day, and thought the good times would keep on rolling are getting the wake up call. As for me I studied programming, and tucked away money while the bounty was high. Now I can buy houses for pennies on the dollar, do not live in fear of being laid off due to my high savings and even if I was can get another job within an hour.
Also the stupid consumer led GDP paradigm needs to shift. No more credit card financing of our deficit we need to produce actual goods and the manufacturers success or lackof will be the barometer of our economic health not the whimsy of some cranked out over leveraged uneducated hamburger eating American.
No but we're entering one. The only thing holding the system together at this point is government bailouts.
The thing is govenments around the world have no money, they run huge deficits, and they're not really in a position to bailout anyone. They're already unable to pay off the debt, and soon it will become impossible to service it as well.
Government debt is a bubble, but the good news is that it's the last one.
I just hope there will be a general default. If they turn to the printing press to pay debt, it could signal the end of democracy as well.
A friend who is an independent broker and financier says "yes", but I think he's the one in a depression. I say if you have to ask, then "not yet".
You'll know it when you hear songs like this:
Pennies From Heaven
Every time it rains,it rains
Pennies from heaven
Don't you know each cloud contains
Pennies from heaven
You'll find your fortune's falling
All over the town
Be sure that your umbrella
Is upside down
Trade them for a package of
sunshine and flowers
If you want the things you love,
There must be showers
So when you hear it thunder,
Don't run under a tree
There'll be pennies from heaven
For you and me
Not yet but we might be working our way up to one. For decades we've been on a consumption binge with borrowed money, now it's time to pay the piper.
We as a society will find out that you simply can't run an economy on debt, lawyers and MBAs alone. Once in a while you need some of those pesky engineers, you know the geeks that took the hard classes like math & science. But that's beyond the mental capabilities of many our obese, video game playing and cheese doodles devouring youngsters. Shoveling debt from one pile to another, calling the whole scheme "financial innovation" and selling that junk to unsuspecting foreigners doesn't cut it anymore. We will also discover that you can't print your way to prosperity as we're currently attempting. It's been tried many times before, it just never seems to work out in the long run. But as Keynes said, "in the long run we're all dead".
Prosperity takes innovation, integrity, hard work, means of production and solid long term planning. All of which has been largly lost over the past 4 decades.
"Prosperity takes innovation, integrity, hard work, means of production and solid long term planning. All of which has been largely lost over the past 4 decades."
If you want a country with a real science & engineering basis, look at South Korea.
http://en.wikipedia.org/wiki/Economy_of_South_Korea
And they did it with some 40 million persons, not 150 like Japan or 300 like the USA.
If America ever wants to get the hi-tech focus back, it needs to go back to the roots, drop the MBA focus, and get the Teslas and Bells to start real industries.
HI FELLOW TOOLS!!!!
BEEN BUSY!!!!
NO, WE ARE NOT!!!!
WE WILL BE!!!!
NEED TO BAIL . . . MUCH TO DO!!!!
HAVE FUN!!!!
TOOLS!!!!
DOLTS!!!!
DOPES!!!!
Not yet but we may be getting there within a year or so.
Not quite in a depression yet, but we are heading there. Just look at all the MSM news articles referencing that term: “Great Depression.”
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Yoski is right:
”Once in a while you need some of those pesky engineers, you know the geeks that took the hard classes like math & science.”
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With two layoffs in the past and the possibility of a third one in the coming months, I have decided, “That’s It!” If/when my current employer pulls the plug, I will quit working as an Engineer and go do something else.
Let these firms that are sacking competent employees left and right try to find a good engineer when they need one.
Man, during my first job out of college I really busted a$$, worked up to 60 hours/week, only to get laid off after 5 years of dedicated service. After that, I learned to just ‘go with the flow,’ and to give only the minimum amount of my precious ‘life-energy’ to my employers.
So when it is finally my turn to get cut again I will just say, “no more” and remove a damn good manufacturing engineer from circulation. And by ‘damn good,’ I mean being to troubleshoot and FIX problems in the manufacturing area.
BTW these are skills which one develops early on in life – before going to college, although in the process of earning my ‘sheepskin’ I did indeed learn the details, methodologies, and intricacies of the technical aspects of engineering.
Too many of my colleagues – also degreed engineers – never tinkered around with cars & machines, and when I watch them stumbling over some problem that’s cropped up on the manufacturing floor I just have to stifle a laugh or two. They don’t want to get their hands dirty – they think they are above that – and won’t bother to listen to what the production workers have to say because they are not engineers.
Oh and also, many of these engineers are in debt up to the a$$ with mortgage, new car payment, as well as CC debt for all the toys they (or their spouses) just couldn’t say no to.
So again, when my time finally comes and the corporation cuts me loose, I will work full-time at my side-business – garden nursery & selling plants, vegetables, fruit, etc. at Farmer’s Markets.
Got 5 acres; last weekend I was digging trenches for additional water & electric lines. Next weekend I am planting more walnut trees. Now THAT’S INVESTING in real estate!
Those who do not provision for the future are going to be screwed by it.
-Mammoth
No, we are in the
George W. Bushco and Dick Cheneyburton Depression.
There was nothing 'Great" about the first one and simply absolutely NOTHING great about either of these two clowns.
I did enjoy watching Dr. Strangelove Cheneyburton wheeled around like a little old lady during the installation of his replacements though. I hope he was in massive pain the entire time.
Fuck Bush and Cheney.
Thank goodness for my Cheese Doodle devouring
electrical engineer/mechanic husband...
Not only does he get lots of work, the neighbors keep hiring him to fix their stuff too. The neighbors: college professor, retired cop, photographer, disabled Viet Nam vet, restaurant owner. They are all nice folks, but they don't know how to fix stuff. Cars have just gotten too complicated electrically for most people to handle...including the so-called mechanics. The neighbors bring their cars over after they get an estimate from their mechanics. My husband has become their rip-off avoidance go to guy.
I was trolling some old bubble blog archives to remind myself of what the mood was back in the day, and I found a post that I got a real kick out of and though worth a re-publish:
By Jennifer, August 2005:
At my last job I had a friend who was utterly miserable--she was in her fifties, and once upon a time had had a great, fulfilling job with an impressive salary, but she had been downsized over and over again until she was now stuck working at that underpaid hellhole of a place. And she had no family and few friends in Connecticut--what she really wanted to do was go to central Pennsylvania where her family and old friends were.
But get this: for all her low salary and nonexistant savings account she could have easily afforded to do so, thanks to the Connecticut housing bubble--her small, unremarkable house was worth something like $850,000, whereas in the part of PA where she wanted to live houses are still only $100,000.
"Sell your house!" I told her. "Sell your house, pay off the mortgage, pay the capital gains taxes, and you'll still have enough money left to buy four or five houses in Pennsylvania--live in one and rent out the others. Or hell, buy ONE house, put the rest of the money in the bank and live off the two-percent interest you'll get. You won't have a mortgage payment to worry about, after all." But she claimed she couldn't. Why not? Well, because her husband didn't want to move. And her husband hadn't had a job in umpty-squat years because, you see, he was just too depressed to go out and find one.
I don't and didn't buy that at all. The reason he was able to get away with being too depressed to do anything was because he had someone who made it possible for him to do nothing.
When you're talking about people who are prone to weight gain, and who are blue enough that the only real pleasure they find in life comes from eating--yeah, I can sympathize. But even these people don't get fat to the point of immobility--the acts of going to their jobs, or going to the kitchen for food, or walking to the bathroom to take care of business, burns off at least a few calories. They'll still be fat, but they can get around. But to decide to do NOTHING but lie in bed and let somebody else do EVERYTHING for you--that's your own damned fault.
That thing I read about Walter Hudson said that one reason he was able to lose hundreds of pounds once he started trying was very simple--he started eating roughage, which stimulated more frequent bowel movements. Before that, he average one BM every six months. The fecal matter in this guy's intestine, the day before a bathroom activity, probably weighed twice as much as I do. No wonder he couldn't move--I'd find it hard to get around too, if my lower belly were weighed down with over 200 pounds of pure shit.
Hard to say, but I know 3 people who are getting laid off at the end off the week. I also know 3 people who have not worked in about 3 months. This has to hard the overall economy. Live within your means (better yet lived within your means) like you should have all a long. Best of luck everyone.
You can't have an entire country full of engineers either.
I swear, all the engineers I know, including those in my family are the most high and mighty sounding people right now. Not everyone is as interested in math and science, nor are they as socially deficient as you folks.
That's great that you can design roads, bridges, rail projects, drainage, mines, etc. etc. etc., but stop acting like you do everything right and those who didn't get in to your profession did everything wrong. I would say the same thing to those who are close to me that are in your field. If the rest of us are just not that interested in that kind of math and science, it's probably better that we find something to do that doesn't put lives at risk.
There will be more of an emphasis on math and science in this new era where we are forced to deal with our expanding population. I will not argue that. What I will say is that those of you with your engineering degrees are and will always be the social retards of our society and you know it. Try understanding other people for just a second before you figure out ways to remind them that they're inferior to you.
Keith can grand stand here and let everyone know that he was ahead of his time because this is his blog and he was right. Also, he's seeking real solutions and input on them. He bags on those who were corrupt, not because they "chose the wrong profession."
Some of you should really get your heads out of your arses and grow the hell up.
Thank you and GO CARDINALS!!
AZ 34; PITT 17
Dumb-assed amerikins will be eating their own kinfolk before they oust the malignant incumbency. They iz too stupid to even vote right. mad max on deck.
Asking if we are in a Depression is a term from the past. This is an unpresidented Global Existential Crisis (GEC). We have exposed that most of our first principles of our political life have been rendered obsurd. NOT BECAUSE OUR ECONOMY HAS FAILED. It is producing the crap we want as fast as its little heart can. We have just come to a realizatin that we want something different and all the finaincial/political paristes are stuck out on a branch we want to cut and they don't want to die so they are making the argument that if they die we die and we are buying it. If you like them then I can understand your panic.
This is a GEC not a Depression. A global economy based on sustainability and open mindedness fueled by Agriculture, Reason, Art, Science and Discovery will return us to our Enlightenment Roots where this all began. The distance we of drifted from this and the resistance to return to that thread of thinking will be proportional to the pain.
Don Payne
I love how the corrupt MSM yesterday said that the market rallied because of upbeat sentiment or good news, and then on the very next day they put out this headline to justify the plunge:
"Recession woes dragged on stocks Thursday morning, as new home sales plunged to the lowest level on record and the number of Americans drawing long-term jobless claims surged to an all-time high."
I mean, what in the hell changed in a matter of a few hours? Don't they know that unemployment is getting higher, that housing market is a sh!t? It's the typical go along pumping and dumping from the corrupt MSM, bootlickers of Wall Street. You know, the same corrupt MSM that sold you the Iraq war, 9-11, Bush, the Messiah, the housing Kool-Aid, that refuses to disclose how much pork is in the current "Stimulus" plan from your hero Pelosi. And some chanels have the nerve to make slogans like, "We keep them honest", then all you see and hear is Kool-Aid to protect corruption. This people are out of control; we need to bring the guillotine back.
The fecal matter in this guy's intestine, the day before a bathroom activity, probably weighed twice as much as I do. No wonder he couldn't move--I'd find it hard to get around too, if my lower belly were weighed down with over 200 pounds of pure shit.
She's classy, isn't she? LOL
"There will be more of an emphasis on math and science in this new era where we are forced to deal with our expanding population."
You got it wrong, Ross.
This is how it will be:
There will be more of an emphasis on AGRICULTURE in the coming era where we are forced to deal with a declining amount of fossil fuel.
Try reading Kuntzler's "The Long Emergency"
-Mammoth
"Man, during my first job out of college I really busted a$$, worked up to 60 hours/week, only to get laid off after 5 years of dedicated service. After that, I learned to just ‘go with the flow,’ and to give only the minimum amount of my precious ‘life-energy’ to my employers."
Hard workers get the shaft and "the squeaky wheels" get the greasing. Eventually, the hard workers stop working so hard and/or become squeaky wheels.
And the sad fact is that the employers don't even see it and/or know why.
Frustrating.
Are you kidding me?Bars and resturants are still packed around here.We are far from a depression.We are in a consolidation mode.all those jobs dependant on housing are toast.Other than business as usual in sacramento.
I want to know why this piece of information is getting censored here.
On January 23, 2009, President Barack Obama announced his intention to nominate Jane Holl Lute as Deputy Secretary for the U.S. Department of Homeland Security (DHS). Jane H Lute was a lobbyist for defense contracts, while working as Executive Director of the Association of the United States Army’s project on the role of American Military Power.
She's married to:
Douglas E. Lute, a lieutenant general in the United States Army. On 15 May 2007, Lute was nominated by George W. Bush to serve as Assistant to the President and Deputy National Security Advisor for Iraq and Afghanistan, also known as the "War Czar", in the George W. Bush administration.
Check Wikipedia, all the facts here are correct. I guess the Obama lovers don't want to face the truth. Your messianic farce is quietly filling his cabinet with former lobbyists of defense contracts, including the Raytheon executive to run the Pentagon. Funny how the corrupt MSM isn't revealing that either.
Respect freedom of information. Respect the constitution. All facts are correct.
NYT -- Early this month, Barack Obama was meeting with the House speaker, Nancy Pelosi, and other lawmakers when Rahm Emanuel, his chief of staff, began nervously cracking a knuckle.
Mr. Obama then turned to complain to Mr. Emanuel about his noisy habit.
At which point, Mr. Emanuel held the offending knuckle up to Mr. Obama’s left ear and, like an annoying little brother, snapped off a few special cracks.
http://tinyurl.com/ck9ocb
And Obama did nothing after that. You decide.
From Wikipedia:
Rahm Emanuel was born in Chicago, Illinois to Jewish parents. His father, Benjamin M. Emanuel, a Jerusalem-born pediatrician, was a member of the Zionist organization Irgun.
Emanuel's first name, Rahm means "high" or "lofty" in Hebrew, and is the namesake of one Rahamim, which means "mercy" in Hebrew, killed in the 1940s fighting for the Zionist group Lehi. The surname Emanuel, adopted by the family in honor of his father's brother Emanuel Auerbach, killed in Jerusalem during a skirmish with Arabs, means God is with us.
I think this week, with the news of massive number of layoffs, marks the start of The Great Depression 2.0.
Yes. I have posted on here before (see previous anon posts ;) that 10 years from now the "experts" will look back and say that dec 2008 was when the depression started.
I think we can partly answer that from history:
Do you have to get up at 2am so you are at the front of the line outside of the only company in town that's hiring?
I didn't think so. And SAers, don't start with your stupid infantile "there aren't any companies hiring!" crap. I worked for a company that expanded from one to three shifts during the Great Depression. The company I work for now is looking to double this year. Hint: Get off your butt. Detroit ain't coming back and no employer is looking for your sorry ass to hire.
If you want a country with a real science & engineering basis, look at South Korea.
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korea is part of the problem. they are a bunch of "xerox engineers". What new innovations or technologies can be attributed to the Koreans?
Baltic dry index has dropped 93% in the last 200 days with an extrodinary uptick in the last 20 days. Hey globalists, nothing is getting shipped, your vile greedy slave labor global economy has went into cadiac arrest do to the massive imbalances or hey just plain fucking greed. Sad part, nothing can be done to stop it. Obammmmyyyy could use these moneys to begin righting the ship thereby lessoning starvation and misery hear in the US but he won't. He is a bought and paid for globalist goone. Yes global deppression and famine are here. Brought to you by Obbbammmmyyyyy Boooooosh and company.
I think we can partly answer that from history:
Do you have to get up at 2am so you are at the front of the line outside of the only company in town that's hiring?
==================================
man, that only happened well into the depression. we are in one now but only 2 months into it. it is picking up steam and growing. Just wait until BO spends 2 Trillion to fund his bad bank.
2 Trillion that could be spent on infrastructure but instead will buy bad debt at list price with the explanation that the tax payer is protected because they will simply hold the debt to maturity and get the money back.
uh hu, sure. It is called bad debt for a reason. that reason is that there is a high likelihood it won't be paid back in full.
DEC 2008
With two layoffs in the past and the possibility of a third one in the coming months, I have decided, “That’s It!” If/when my current employer pulls the plug, I will quit working as an Engineer and go do something else.
I've been laid of numerous times in IT. The key to understanding this phenomena is that it's the employer that's incompetent, not you. You'll usually be hired in a short period of time elsewhere. The jobs are not all that bad paying either. Just pick a good company with good folks and expect to be laid off again. It's your skills they are after.
If you want a country with a real science & engineering basis, look at South Korea.
---------------------------
the south Koreans will be buying tree bark soup (their version of the Haiti mud cakes) from their Northern brethren.
DEC 2008
Ha! And the corrupt MSM keeps serving Kool-Aid, telling us how sales have gone up and inventory shrunk. Don't they know that the US has an infinite supply of stupid people who were either committing fraud or plain greedy? Here's proof:
Since their loan from Countrywide Financial adjusted last June, the Sanchez’s have not been able to keep up with the $5,000 monthly for their three-bedroom house.”
“‘We’ve only been paying interest on our home for the last two years. We haven’t even begun to cover the principle, so in a way it’s like renting. And for $5,000 we could be renting a house in Beverly Hills,’ she said.”
Sanchez and her husband knew money would be tight and sacrifices would have to be made when they bought their home for $465,000 in 2006. Their housing payment would go up from a $550 rent to a mortgage of $4,049, but they felt confident that with their steady income they could pull it off. They also felt confident that, though their loan from Country wide would adjust up in two years, their home would go up in value and with equity in the property, they would refinance.”
“But their house is now valued at $274,000 and, not being able to refinance, their monthly payments have shot up more than $1,000 dollars.”
“Jose Hernandez is also hoping to save his parent’s three bedroom home where he lives with his mother and father, two sisters and three nieces. Hernandez’s mother bought the house for $488,000 in 2005. She put $100,000 as a down payment, part of the profit fromthe sale of the small townhouse where she lived with her family for more than a decade.”
“But Hernandez said his mother was steered into a negative amortizing loan. Today they owe more than $500,000 for their home, while at the same time, the value of their house has plummeted. In December…their monthly payment shot up to $3,900 from$2,300 the month before. Since then they haven’t been able to make the payments.”
“‘My parents came from El Salvador looking for something better and they did everything right.
They're all victims now who need welfare at taxpayer's expense. Don't you worry "victims", your Messiah, Barney Frank, and Pelosi are coming to the rescue to feed you, plus they'll give citizenship to the other 40 million relatives/breeders like flies you have back at your country of origin.
Now I can buy houses for pennies on the dollar, do not live in fear of being laid off due to my high savings and even if I was can get another job within an hour.
Talk about uneducated. You are a complete fool. You have no idea what is going on or what things will look like in a year. Computor programer, god help me. A real forward thinker hear still on realestate porn. You will either be burning those dollers you saved for heat or wiping your ass with them. He reminds me of an ailine pilot.
“‘My parents came from El Salvador looking for something better and they did everything right."
uh, no, they obviously didn't do everything right. a negative amortizing loan for a 500k house? This is the lending that BO, Pelosi, Reid, and Frank expect the banks to start again after receiving TARP funds.
Never happen, at least in our life times. perhaps in another generation or two once the lessons of this bubble burst have been forgotten.
DEC 2008
Its worth noting that the image of the bread lines portrays a sense of charity and giving -
US style
Images of tuff times in Europe would be gory and heart wrenching, the exact opposite of charity.
Its gonna get real ugly across the pond.
I'm bidding a 350,000.00 paint job on a building right now. Thank god it's a repaint. No dumbass engineneer involved. Most guys who work in that world and actually build things or get things done generally think of engineers as ass clowns. Great in the paper world not worth a shit in the get it done world. (there are always smart or clever people in any field.)
The days of hey I read a book and took a test I'm a genious are over. I'm looking forward to competeing against some of you rocket scientists. To those educated men who have that get it done mind I salute you, we are in for challenging times. To those of you educated men who have a degree and nothing else, you will find out your no better than the plumber or painter. In fact you may find out your worthless. But hey, the plumber and painter will most likely help you out if you need it.
The jobs are not all that bad paying either. Just pick a good company with good folks and expect to be laid off again. It's your skills they are after.
I have a friend who works as an IT consultant, providing services for small companies. He charges a monthly retainer ($800) to be on call + fee for larger jobs (installing new servers). He works for himself and earns six-figures to work a few hours per day. Why do you IT monkeys don't work for yourselves, like my friend does? I don't get it.
All he does is setting up servers, Voip crap, blackberry email, maintaining them once in a while, troubleshooting software and hardware issues. The clients rarely call him, but like the security of having an IT guy on call, without the high cost of inhouse IT.
Figure that if you get only 10 clients on retainer, that's already $8k per month, plus you get larger tax deductions for being a business owner than a regular employee. You can even have an home office/shed to deduct mortgage and utility expenses. Easy money.
Anonopussy:
Thank you for pointing out that Rahm Emanuel is more then a regular guy, he's a Hero!
i'm not a lib but given Rahm Emanuels backround i think we can use more Rahm Emanuels around here.
COMING SOON -- TO A THEATER NEAR YOU!!
A GLORIOUS AND ULTRA-PATRIOTIC INSTRUCTIOAL VIDEO REVEALING THE UNVARNISHED TRUTH ABOUT OUR ECONOMIC CRISIS!
TITLED:
"THE OBAMA DEPRESSION: How the GOP tried to prevent it."
Family pact suicide in CA, Family of 4 murder suicide Ohio, 94 year old WW2 Vet Freezes to death due to unpaid power bills (Shameful).
Multiple Investor suicides (one moron tried to fake his death). Riots throughout the world, massive layoffs, unimaginable national debt.
Yes we are in a global depression, it simply has not fully trickled down to the masses yet. Just wait until this continuing wave of layoffs for 09 start impacting everything.
Keith you called this pretty much down the line! I remember you writing about the suicides.
Its gonna get real ugly across the pond.
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can europe feed itself? not trying to be funny or anything else. Just curious. I don't think of europe having a "bread basket" like the USA does but the probably do.
We can't have a depression! We have iPhones! How can you have a great depression with iPhones? And there's no way i'm going to start wearing bowler hats. It's just not going to happen.
But Road Warrior movies...that I CAN picture. LA freeways covered with armored vehicles (hybrid, not guzzler) a huge bruiser wearing leather and spikes chained to my car while i go to the grocery store. I'll call him "the club". He's my theft protection.
And rich people's enclaves surrounded by guard towers with search lights. They have luau's on Friday Nights. But they have to turn the Don Ho music up really loud to drown out the moaning of the poor masses outside the gates.
Unfortunately, it's only half sarcasm.
No, this is the great realignment. All of those who never had any real skills are being laid off and can't find work nor will find work in the near future. They need to go to Obama's reeducation camps and learn to install energy efficient lightbulbs for 1/4th of the inflated salaries they used to get.
---------------------------------
I could use some help shoveling snow off of my solar panels. this global warming is a bitch.
Keith,
I think you need to update your france panic rating.
from the news wires:
"Hundreds of thousands of teachers, nurses, factory workers and plumbers marched through French cities on Thursday to demand pay rises and protection for jobs."
silly french people. job protection AND pay raises????
DEC 2008
“I've been laid of numerous times in IT. The key to understanding this phenomena is that it's the employer that's incompetent, not you. You'll usually be hired in a short period of time elsewhere. The jobs are not all that bad paying either. Just pick a good company with good folks and expect to be laid off again. It's your skills they are after.”
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Mitesh, right on the target but wide of the mark.
After working for years in the thankless corporate world, putting up with all the BS that comes with the day-to-day work, add in the typical commute, and then having to deal with the headaches of layoffs…
…doesn’t the idea of chucking the above in exchange for having your own business, doing what you enjoy doing…make sense?
And so what if one makes less money doing this, than what an engineer’s salary is? Life is short - isn’t life really all about living, rather than slaving for a master?
There are a number of S&A’ers who are self-employed. Let’s see if any of them would like to trade this for working in the corporate world.
-Mammoth
Don't fall for this witch, especially her ultraliberal sales pitch of "fuel efficient". She's trying to create banker slaves again. Don't buy a damn thing this Congress is selling. Hit them where it hurts, the wallets of their master bankers and lobbyists. You have power, people, and it's your wallet. Don't buy a damn thing for next 10 years. Let them starve with us.
Under a bill introduced by Sen. Dianne Feinstein, D.-Calif., owners of older cars would get vouchers worth thousands of dollars toward the purchase of newer, more fuel-efficient vehicle.
"Hundreds of thousands of teachers, nurses, factory workers and plumbers marched through French cities on Thursday to demand pay rises and protection for jobs."
Or as the people with brain call them, the "Union Parasites". Good luck making a living without entrepreneurs, parasites. Die!
>But hey, the plumber and painter will most likely help you out if you need it.
Got to admit that's right. Blue collor guys know the meaning of the words friendship and loyalty.
So when do the Walmart riots start? The ingredienta are all there:
1) Big city
2) Unemployed masses
3) PC public administration
4) Continued bailouts of the "rich"
I predict we'll see massive public disturbances and looting in big cities by June. The feds won't dare call out the National Guard to put them down, and they will spread.
"No, this is the great realignment. All of those who never had any real skills are being laid off and can't find work nor will find work in the near future. They need to go to Obama's reeducation camps and learn to install energy efficient lightbulbs for 1/4th of the inflated salaries they used to get."
The blades on my windpower unit are still frozen from the last blizzard. Maybe I can have some of the Obamanoids from CA to come here with a hairdryer, an extension cord, and a ladder. They'll charge the gov/taxpayer $10k for that service.
Its a recession when your neighbor loses his job and depression when you lose yours.
Pleunty of work out there.Get off your lazy, starbuck drinking, ipod toteing,greasy haired,unshaven, mall ratten,french fries eaten, worthless fat ass and get a job.Did I miss something here?
can europe feed itself? not trying to be funny or anything else. Just curious. I don't think of europe having a "bread basket" like the USA does but the probably do.
Yes they can. They'll convince the retards around the world that their Euro and Pound are worth way above the greenback, even though they have no natural resources, deep in debt, shrinking population, and don't produce crap.
Walt Disney London is the main resource, where you can pay big bucks to see wax figures or old buildings with guards in funny hats. Or you can go to Paris to see union leeches with long faces and bad attitude, drinking and smoking themselves to death in Cafes (fancy word for crappy/overpriced bar), while yelling "Death To America!" That pretty much covers the EU economy and the valuation of their hilarious currency.
I guess we could say it has started. And who decides what defines the start and end of a depression anyway? Do we really need to define a start date for this?
All I know is we are still far from the worst of it. We will see many more bankrupt states not sending welfare or tax return checks. Can't afford the cost of prisons so they will begin releasing more prisoners on our streets. Can't afford to pay for adequate police and fire protection so less police and fire patrols to watch said criminals. Many schools already cutting back and soon they will have to start closing, etc, etc, etc. Its only just begun.
My guess is, another year or two away from the worst yet.
And to those who posted above about the government wasting billions on the stimulus package, bailouts and buying bad debt, you are 100% spot on. In 2 years people will be calling it the "Obamanation" and wishing we had all that money given to the bankers back. Then they will see the truth, then they will have their eyes opened, then they will be ready to hear what RP has to say. And maybe then we will begin to have hope.
"No, this is the great realignment. All of those who never had any real skills are being laid off and can't find work nor will find work in the near future. They need to go to Obama's reeducation camps and learn to install energy efficient lightbulbs for 1/4th of the inflated salaries they used to get."
Bingo!!! We have winner!!!
Mammoth,
How is agriculture separate from math and science? I think it relies on both pretty heavily. At least that's my understanding of it.
I do have a failsafe spot in Wisconsin waiting for me if a life of agriculture is the only viable one left. I doubt it will come to that, but who knows.
It's getting ugly out there. Oh yeah, that's real professional when you put your wife to read your resume and ask for a job on video:
www.ireport.com/docs/DOC-200668
I am into Energy related Materials Sales such as Pipe, valves, fittings, building materials, Mill Tool and Safety supplies.
We cater to the Nuclear Field. I have been doing this since 1982.
I deal with engineers all day long.
The ones just out of college are frightening. They have no clue about the real world.
The Nuke plants use specs that were current when the plant was built.
The newest plant was built in the 1970's, with 1960's specs.
A large percentage of the specifications have gone through multiple revisions and the old specs no longer apply.
Try selling a HOT SHOT 20 year old engineer something he has never seen, has no clue what it is and the information he is using no longer applies.
There is no substitute for experience.
It's looking more and more like a Depression to me:
(CNN) -- A family of four has been found dead in a suburban Columbus, Ohio, home in what's believed to be a murder-suicide, authorities said Thursday.
Police in Whitehall, east of Columbus, responded to a call around 2 p.m. Wednesday and found the bodies of Mark Meeks, 51; his wife, Jennifer Dallas-Meeks, 40; and children Jimmy, 5, and Abbigail, 8.
A suicide note purportedly written by Meeks also was found at the scene, but police are not releasing the note's contents, Kelso said.
JC
You sound all big and full of "That." You might be an Einstein alright, but thinking of yourself as more than just another cog in the wheel, will be your downfall just like the rest.
It will be defined as a great depression when the world isn't seething with an overabundance of armchair economists bloviating on the interweb.
Now BO is saying his bad bank plan will cost 4 Trillion.
I am going to buy more TBT tomorrow.
DEC 2008
Not a Depression ... CNBC says so, LOL!!!
I think that would be a good survey for Keefer...
"Once we go from recession to depression, How many months into the Depression will it take for CNBC to make that call? "
Lol, my vote is at least 12 months.
Is Kudlow selling 'Goldilocks' still or is he sticking with "Mustard Seeds" now ... suggesting we're into a recovery???
It's a slow moving train wreck.
Mr. Empty Suit and his cast of clowns will make it worse than it could have been.
Here is what we should do. Plant a garden, like the guy in Pasadena who raises enough to feed himself and four grown children on 1/10th of an acre, put solar panels on our roofs and make biodiesel fuel for his cars. Call it a homegrown revolution.
Americans are always portrayed as weak-willed whining idiots who cannot get along without Mexicans picking their peas or foreigners selling oil to us at inflated prices.
This is not an accurate portrayal of Americans. If we don't have any money, then hell, we will dig up our yards, plant vegetables, make our own wine, bicycle to town, and quit buying all that imported crap that is making us sick anyway.
Time to read some Jefferson and get back to our roots.
Let the rest of the world argue over religion and oil.
We will just create a revolution out of simple living and self sufficiency let the world sort out their own problems.
Hmmmm...we're far from a bottom:
"Glen Hostetler is a software superstar, one of only a handful of people in the country with the right credentials to teach some highly specialized software programs.
In the past 18 months, the Hostetler family has run up $20,000 in credit card debt on six cards. She doesn't see his bills; he doesn't see hers.
When Glen takes a quick look at Debbie's latest credit card bill, he's shocked to see how much she charges and where -- including lunch at McDonalds.
Glen and Debbie have also recently spent $28,0000 of their savings. Most of that went to buy their third car, the new Honda Pilot.
They are living in the same house Debbie grew up in and have no house payments. But they still are paying off Glen's bachelor days townhouse. Debbie's mother is living there for free. And Glen has refinanced it twice, the second time to pay off debt and pay for their honeymoon."
http://tinyurl.com/b37mru
Are these the IT geniuses you guys have been talking about? The Al Gore crowd?
http://en.wikipedia.org/wiki/Panic_of_1837
It hath been experienced all before.
Many times.
I wouldnt say a worldwide great depression, however, many countries have been in an economic depression for quite some time now. Through wars, embargos and dictatorships, these countrie's financial issues have only intensifide over the past couple of years.
The super powers are now without a doubt scrambling to fix what can only be mended with yes, some intervention but what it needs is time as well. For example, it takes time and pain for that hold out of the POS cape house selling at 600K when they bought it for 100K to realize they arent gonna get a penny over 300K. It takes time to come to grips with the unfeasibility of getting a new car every two years.
Although unemployment has been rising, there is the hope that we can stop the bleeding. If we can we stave off depression. How can we keep those jobs? Get people to spend. How do we get people to spend? Let them keep more of their money. You see where this going?
CUT TAXES IN A BIG AND MEANINGFUL WAY FOR EVERYBODY NOW!
...or a great depression it will be.
Hey, all you tinfoil hatters? What gives? I thought just a few months ago you were saying inflation was "roaring" and shadowstats was the be-all end-all. Inflation was really 10%, right?
Even in the midst of crashing house prices and low clothing costs, oil at $40/barrel.
Guess you never heard of econ 101 and how there was no pricing power due to the stumbling enonomy, readily apparent.
Yeah oil did shoot up for a few months on pure speculation, (K said so himself) big f-ing deal. But now they're having trouble finding storage for all the excess. Just like the DOE predicted that mid 2008 would have a surplus. (Ok, maybe a little late, that's OK)
Oh, but I forgot, the DOE is govt. so it must be lying right?
DOPES!
Not technically in a depression yet, but only in the same way that we weren't in a world war in 1940.
This may seem like a silly analogy, but in some ways I believe it is relevant. We can be prepared for whats coming mentally and financially, or we all act surprised when the bottom finally falls out, financially speaking. The government can trying to get us back to "normal", or they can put on their big boy pants and speak the truth: That what we have seen isn't normal, that you can't get rich by doing little to no work and have a sustainable economy, that you have to do work that matters and has a purpose to get along in this world, even if that means you need to change careers because you can no longer find work as a custom blind installer or a designer of $500 blue jeans.
http://detnews.com/apps/pbcs.dll/article?AID=/20090129/METRO08/901290400
Just walked by a bar in downtown Seattle, owner(s) filed for Chapter 7. It's been at the same spot forever...
So, HOW is agriculture separate from math & science?
How should this question be answered?
On one hand, if you dutifully record the various different things you do for your plants (i.e. PH level, fertilizer amount, frequency of feeding, amount of compost applied and what it is derived from, etc.), THAT's science.
But on the other hand, brewing up all sorts of chemical fertilizers & pesticides and dumping it on your garden, or using genetic engineering - that is also science.
Calculating the optimum arrangement & spacing of plants in a garden bed uses mathematics.
But does it take an engineer, or somebody else with a math & science background to be a successful gardener?
Thankfully, the answer to that question is NO. And that's a good thing, because in the coming hard times, many people without a math & science background will need to grow their own food if they want to eat.
What it WILL take, is people willing to work hard and get their hands dirty. Unfortunately, many people these days just don't have it in them to do this kind of work.
-Mammoth
We also told you many years ago on HP to start your organic vegetable garden, before it became trendy:
http://tinyurl.com/bkxmd2
Why blow money on imported poison vegetables from China is beyond me.
http://online.wsj.com/article/SB123319134864127065.html
Am I really supposed to feel sorry for these people? Family income of $180,000 and they have $25,000 of credit card debt? This article epitomizes the sad state of affairs in this country. People like this have NOONE TO BLAME BUT THEMSELVES. Why are we supposed to feel sorry for these people?????
I agree with JC. The bubble allowed people that should have never qualified for loans to get them, and the bubble created many bubble jobs, that then created even more bubble jobs. People who have unskilled labor are just screwed. They tasted the good life, and they will never experience it again. I too am a software developer, but I created my own software corporation 10 years ago and I own everything, we are even doing business in Africa now. The demand for good experienced software developers are always in demand. We will hire you JC anytime, and you can work from home if you would like. We will start you off with a 6 figure salary. Now for the people that want $50,000.00 a year to clean the offices at night or sell houses, well those days are over.
Its words describe the indignation of the people:
www.youtube.com/watch?v=q0RjFhymjho
Unfortunately, many people these days just don't have it in them to do this kind of work.
-Mammoth
Victims of the Obesity Epidemic.
.
Barney Frank's boyfriend making pottery is called an artist. Any other man working with tools is called a troglodyte, a red neck, uneducated.
.
'Obama calls $18B in Wall St. bonuses 'shameful'
"Obama said he and Geithner will speak directly to Wall Street leaders about the bonuses, which threaten to undermine public support for more government intervention as the economy keeps reeling."
YEAH.
He is going to get a lot of that bonus money back.
Just WAY COOL.
'Before that, he average one BM every six months. The fecal matter in this guy's intestine, the day before a bathroom activity, probably weighed twice as much as I do.'
__________________
No way.
That's impossible.
He'd be dead.
( I know this was supposed to be about how stupid the lady was not to sell her house.) But, well, SHIT.
"The days of hey I read a book and took a test I'm a genious are over. I'm looking forward to competeing against some of you rocket scientists".
Won't happen. You had your chance to compete, that's why you are a painter and they are engineers.
DOPES!
Just saw a blurb on the news about layoffs in Seattle and these two 20somethings were laid off and looked all dumb-struck that they couldn't finish their 5 bedroom house.
PS Mammoth, thanks for looking past my childish rantings in the first post enough to actually respond to the part that wasn't a slam.
You are banned from the socially-inept engineer list as far as I'm concerned.
Won't happen. You had your chance to compete, that's why you are a painter and they are engineers.
DOPES!
Hey Dickhead, industrial painting contractor to you and why would I work for what an engineer makes. That would be a massive cut in pay. Hey a good project manager makes that. Oh by the way, I have nothing against engineers I work with them. You however made my point about who gets paid what in the real world. (not the elite paper world.) You are clueless.
Pretty soon... I would say. But, we (US) are not going to be the first to say we are in one when it happens. I read an article, where a guy asks his over 80 year old Uncle on how today compared to the actual Great Depression.
His response sums it all up!
"The difference between the Depression and today is now how much people owe. Instead of owing $15 they owe $15,000; and, because they owe so much more, this time the fall is going to be greater."
Wow...
There's a report on MSNBC that says that GDP probably shrank by a rate of almost 6% in the last quarter of 08. That has to be year-on-year, but still. Holy cow.
http://www.msnbc.msn.com/id/28917922/
Am I really supposed to feel sorry for these people? Family income of $180,000 and they have $25,000 of credit card debt? This article epitomizes the sad state of affairs in this country. People like this have NOONE TO BLAME BUT THEMSELVES. Why are we supposed to feel sorry for these people?????
====================================
BO and congress want the banks to start lending to these types of debtors again and belly ache when the banks don't.
insanity.
DEC 2008
Of course we are. And it's worse than the first one. The only thing is, we've thrown so many trillions at the problem so quickly that it hasn't shown its true colors yet. But all that money was wasted, b/c it's coming, and it's going to be bad.
@5:22PM, 29-Jan: The infamous MSM Boogiemen reported this:
22-Jan: Washington Post
23-Jan: Atlanta Constitution Journal
@January 29, 2009 7:36 PM
No, Keith doesn't need to update France's panic rating just because a few hundred thousand people went on strike. Striking is France's national sport.
Jobless claims rose by 588,000 last week, bringing claims to a total of 4,780,000. As the old warning goes, "this is not a test." Whether you call it a great depression, the great realignment, whatever, there cannot be any real doubt that this is an unprecedented economic catastrophe.
Great Depression, nope. Welcome to the Carter part II.
Similar events, ending protracted war, auto industry in a shambles, caused by a poor GOP president, followed by a poor DEM president.
So just relax, oh yeah, please put your money in the mattress so I know where to find it.
Here's The affiRmAtivE.
!ztunocoC
.
Update
Barney Frank's boyfriend making pottery is still a fudge packer.
.
Amen to that, Girlguide.
my health insurance costs have gone up times 6 in 8 years and if they do the same again i will stop paying it and do without health care and die but i hope someone will charge the fed with negligent homicide in my death because of their long term failure in doing their job of maintaining price stability and profiteering they and their"cost of living" adjusted cronys in the same theft of land and life
seems interest rates should have been 40 percent a year to keep price stability and the dollars value or/and to have maintained price stability that was not done and will not be do incrementaly to prevent the need of 50 percent interest rates to balance system
yes
Girlguide said "Plant a garden, like the guy in Pasadena who raises enough to feed himself and four grown children on 1/10th of an acre, put solar panels on our roofs and make biodiesel fuel for his cars. Call it a homegrown revolution."
Hmmm... what would you do when the hungry masses trun up at your doorstep... most of them starving and bearing arms? You can't do anything...
What we need are "eco-villages". Entire communities, towns and villages retrofitted to start farming and producing their own fuel and electricity. Decentralization is the only solution... Coz you don't want hungry neighbors at your doorsteps...
I believe Mike Ruppert is an excellent writer who has spoken extensively about his subject...
"THE BUSH DEPRESSION: How the GOP caused it."
"Most guys who work in that world and actually build things or get things done generally think of engineers as ass clowns."
"Oh by the way, I have nothing against engineers I work with them."
That's why people like you should paint and not think.
"Hey Dickhead, industrial painting contractor to you and why would I work for what an engineer makes. That would be a massive cut in pay."
I would like to apologize for my post above. Perhaps more compassion would have been appropriate. I couldn't imagine what it would be like spending my whole life proving that i was just as smart as someone with an education. Having to be so desperate for recognition I would have to throw titles and earnings out to strangers on the internet just to prove myself.
I apologize and if you ever need to talk, just ask for Guberville Smack.
Hopefully, the California illegal alien invader felon mexicans face the same fate or worse soon.
Adios Muchachos.
Hey Dickhead, industrial painting contractor to you and why would I work for what an engineer makes.
Hard to believe that your line of work would prosper during a depression or even a deep recession. CAPEX is the first thing businesses cut. And by CAPEX I mean equipment, maintenance, expansion. Moreover, the commercial real estate bubble has still to pop in dramatic fashion (coming soon).
"I couldn't imagine what it would be like spending my whole life proving that i was just as smart as someone with an education. Having to be so desperate for recognition I would have to throw titles and earnings out to strangers on the internet just to prove myself."
You mean titles similar to PhD, MS, BA, BS, etc. etc.? Or...I know! Those blog posts that include "Finance major here, with an MBA". Surely that's just so we can trust what the anonymous person is saying, right?
Don't kid yourself. "Educated" people have just as much of a hole through them to try to fill with recognition. Their desperation gets really frantic after their second master's degree doesn't do anything better for them than a job in the Training department.
IMO the problem with pompous pseudo-educated people is that they read because they have to, for school. Then they stop. So they were never really that interested in learning in the first place, beyond money. At their core, they are shallow, material, intellectually incurious people. But a piece of paper makes them feel like they are better than others. I guess that piece of paper doesn't mean they're smart at all. Go figure!
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