Tue 3 Nov 2009
From the Star Ledger:
Next N.J. governor is in hands of voters
Now it’s voters’ turn: Polls will be open across the state from 6 a.m. to 8 p.m. today for the General Election.
Three major candidates, Democratic Gov. Jon Corzine, Republican Chris Christie and independent Chris Daggett, along with seven others, are seeking to become the state’s next governor.
…
In addition to the governor’s race, all 80 seats of the General Assembly are open, and there is a special Senate race in the 23rd Legislative District to fill the two-year unexpired term of Rep. Leonard Lance (R-7th Dist.).
…
Voters also will be asked to decide whether the state should borrow $400 million to replenish the Garden State Preservation Trust. The bond issue would set aside $218 million for open-space purchases, $146 million for farmland preservation, $24 million for wetlands protection and $12 million to save historic sites.
From Bloomberg:
Locke Was ‘Imprecise’ in Comments on Second Stimulus
Commerce Secretary Gary Locke was “imprecise” when he said President Barack Obama’s advisers are considering a second stimulus measure, his spokesman said today.
Locke, in an interview with Bloomberg Television, said: “If there is to be another stimulus — and that’s being hotly discussed and very seriously considered within the administration as well as members of Congress — it needs to be very targeted, very specific and we need to be very mindful of the deficit as well.”
Kevin Griffis, a Commerce Department spokesman, said in a telephone interview after Locke spoke that the secretary was referring to “all the different job-creating measures being considered” by lawmakers rather than a single stimulus measure.
Obama signed into law a $787 billion economic stimulus package in February in response to the nation’s worst economic crisis since the Great Depression. The U.S. economy lost more than 7 million jobs since the recession began in December 2007 and the jobless rate rose to 9.8 percent in September.
From Bloomberg:
Stiglitz Says U.S. Is Paying for Failure to Nationalize Banks
Nobel Prize-winning economist Joseph Stiglitz said the world’s biggest economy is suffering because of the U.S. government’s failure to nationalize banks during the financial crisis.
“If we had done the right thing, we would be able to have more influence over the banks,” Stiglitz told reporters at an economic conference in Shanghai Oct 31. “They would be lending and the economy would be stronger.”
Stiglitz has stuck with his view even after the U.S. economy returned to growth in the third quarter and as banks’ share prices climbed this year.
…
“We have this very strange situation today in America where we have given banks hundreds of billions of dollars and the president has to beg the banks to lend and they refuse,” Stiglitz said. “What we did was the wrong thing. It has weakened the economy and has increased our deficit, making it more difficult for the future.”
From the NY Times Dealbook Blog:
States Are Pondering Fraud Suits Against Banks
Newly empowered by the Supreme Court, the attorneys general of several states hit hard by the housing collapse are exploring consumer fraud suits against major mortgage lenders.
Frustrated by the banks’ inability or unwillingness to stop an avalanche of foreclosures, the states are considering lawsuits over the creation and marketing of millions of bad loans as well as the dismal pace of mortgage modifications, David Streitfeld and John Collins Rudolph write in The New York Times.
Such cases would have been impossible until recently, because federal regulators had exclusive oversight of national banks. But a 5-to-4 Supreme Court decision in June allowed the states to exercise their own supervision, giving them significant leverage.
“We tried to use the tool to be persuasive with the banks,” Arizona’s attorney general, Terry Goddard, said in an interview. “But their waterfall of excuses, the abysmal numbers of modifications, tells us persuasion is not working.”
As a result, he said, “we’re moving much closer to litigation.”
From HousingWire:
Delinquent CMBS Balance Rises 583%
The delinquent unpaid balance within commercial mortgage-backed securities (CMBS) swelled to $31.7bn in September from $28.2bn a month earlier, according to credit-rating agency Realpoint.
This total delinquent balance is up 583% from a year earlier. More than 3.9% of $805.3bn in unpaid balance on CMBS pools reviewed by Realpoint was delinquent in September.
Despite a slight monthly decline in the real estate-owned (REO) bucket due to increased liquidations, the distressed 90 plus-day, foreclosure and REO categories grew in aggregate for the 22nd month in a row, rising $1.48bn over the previous month.
Commercial loan delinquencies continued to climb in October, with the rate of loans 30 plus-days delinquent rising 44bps to 4.8%, according to CMBS and commercial mortgage information provider Trepp.
Fitch Ratings indicated on Monday commercial real estate fundamentals will continue to deteriorate over the next 18 to 24 months, despite broader signs of economic recovery. Negative ratings actions may become necessary as operating cash flows continue to weaken.
U.S. FDIC’s Bair angered by banks fighting reforms
How Goldman secretly bet on the U.S. housing crash
I really don’t know the details about these three guys. But I know one thing for sure that Corzine has done anything to stop property tax in NJ. So I know one thing for sure that I will not vote for him.
Goldman left foreign investors holding the subprime bag
Australia Hikes Interest Rates Yet Again
U.S. Growth Probably Now at 4.5 Percent
Shore Previous Thread 9 -
Didn’t I say that no other conference hates like the SEC? Allowing UF to police themselves on this is a joke - Spikes is their best defensive player.
Just a 1/2 suspension against Vandy? I mean come on..Florida could field a defense of folks who read this blog and still win.
I guess St. Urban is a little bit more like Steve Spurrier than we all thought.
While many complain about taxpayers’ burden in bailing out banks, investment legend Warren Buffett points out that so far, taxpayers haven’t paid a cent.
“The taxpayer literally hasn’t bailed out anybody,” he told BBC. “We haven’t had a tax increase in the United States.”
So who’s paying for the bailout if not taxpayers?
“The lenders to the U.S. government have been bailing them out,” Buffett says. It’s really the Chinese, Japanese, and other foreigners buying Treasury bonds who have financed the bailout, he says.
Buffett’s also not too worried about the moral hazard issue. Discussing Citigroup and AIG, he points out that the government may have bailed them out, but their stock prices fell 90 percent.
http://moneynews.newsmax.com/streettalk/warren_buffett/2009/10/30/279371.html
Quote of the day from previous thread: “Taxing ourselves out of existence.”
A second stimulus makes a lot of sense. We need to give Barry another go at bringing this economy back to life. We did give the bankers another chance with bailouts why not give the President another shot? Heck, we even gave Hirohito another chance at being emperor and he did quite well the second time around.
Gator, was that the guy that intentionally tried to gouge someone’s eyes out? Caught on camera, I wonder why this player is still walking the streets. Forget the league, I would think the state’s attorney general should be bringing this high profile case to the courts and put this athletic thug away. If they can imprison Buris for shooting himself, surely they can throw away the key for this gouger.
Legal Action threatened against anyone that signs the Copenhagen Treaty. Hopefully, we get to hang Al Gore.
David Lee; Buess (Private Attorney General) (Beneficiary)
2. 22014 Delaware Township Road 184
3. Arlington, Ohio; [45814]
4.
5. Phone (419) 694 5796
6.
7. October 26, 2009
8. United Nations General Assembly
Documentation Programming and Monitoring Unit
Mr. Xiong Lixian, Chief
New York City, New York
9. Dear Sir:
(LAWFUL NOTICE OF TREASON)
10. This is to advise that neither the Congress of these union States (50) nor the
11. Ambassador to the United Nations have been given the authority by the People of
12. these United States (50) to engage in a one world government/New World Order nor
13. the destruction of Our Constitution by either legislative act or TREATY.
14. This letter is to advise the United Nations General Assembly and all offices and
15. Agencies to (Cease and Desist) any such activities relating to the UNITED STATES
16. OF AMERICA: UNITED STATES dba Corporation: Et Al., as to these unlawful acts
17. Against us the American Citizen and our union States (50) Constitution.
18. All such actions violate both the Constitution of the union States (50) and the
19. Constitution of the District of Columbia. You are hereby put on notice that any
20. further actions by the United Nations in this regard will be considered an act of
21. Home Grown Terrorism, Honest Service Fraud: Aiding and Abetting in Treasonous Acts
22. Against the American Citizen: Our Constitution: and Law.
23. This letter is to advise you that charges of TREASON have now been filed into the
24. Superior Court of the District of Columbia Case No. 2009 CA 007868 B filed on
25. October 22, 2009. Two witnesses having first hand knowledge of Treason have filed
26. Into this court. The three branches of our Government(s) are all being charged under
27. both color of law and Constitutional.
28. There are 3 types of remedy suggested to the Court: A military take over to
29. reestablish law and order is highly recommended by the plaintiff(s). This would
30. Call for the arrests of all elected officials both federal and state for criminal acts
31. By the Corporate fictions created by the Legislative, Executive and Judicial branches
32. Of our Government. Our Employees are out of control.
33. 16th American Jurisprudence, Section 177 states any law written in violation of this
34. Constitution is as though it were never written. Thus any treaties: agreements: written
35. Are null and void immediately. Congress is trying to join this new world order to
36. avoid criminal charges against them.
37. I, on behalf of all the American Citizens, et al, do herein demand the United Nations
38. to (Cease and Desist) any and all activities involving this new world order and one
39. World government that involves the union States (50): Federal Zone: immediately.
40. Sincerely yours,
41.
41(a). David Lee; Buess (Private Attorney General)
42. CC: Superior Court of the District of Columbia Case No. 2009 CA 007868 B
43. Joint Chief’s of Staff
44. Homeland Securtiy FAX 1 312 353 0143
45. Congress of the United States:
46. Senator Voinovich: 1 202 228 1382
OHIO OFFICE 1 614 469 7733
Senator Sherrod Brown: 1 202 228 6321
Representative Jim Jordan Ohio Office 419 423 3233
Choices for guvnor:
1. Crash test dummy.
2. Fat boy.
3. Wacko DEP bureaucrat.
Voting is consent with this madness. I’ll pass.
Everything that is going on today was told to us by Robert Welch in 1974.
http://www.youtube.com/watch?v=vE7E5oFmH9c
Choices for guvnor
Is the pot guy running again this year? He’s at least honest about his intentions.
… it appears Uncle Floyd is a write in candidate.
Bob 15 - Yes and see my comment above. Spikes is the best player on the Florida D and there’s a National Championship at stake. Where are everyone’s priorities? Nothing is more important than college football in the SEC. I bet if the State’s Attorney went after him, Charlie ‘Closet Case’ Crist would pardon him. What better way to prove his m*nhood? And yes, Florida Politics are that ridiculous.
And Crist is actually running for Senate. Saving Gator football would give him a great platform to run on!
Clot,
I once voted for the guy who played grandpa on the Munsters. Green Party.
Why not vote for one of the little guys?
Is there a Libertarian candidate?
Schumpeter for Gov!
#22 - scribe - Is there a Libertarian candidate?
That would be Ken Kaplan.
http://kaplanforgovernor.com
There is no anarchist candidate; ergo, you will not see Schumpeter at the polls.
Libertarians are just to wussy to go anarchist.
Picked one of the wackos to the right of the big 3 for guv, at least I can confim some of them may be nuts.
Other than that aginst incumbents across the board. nothing wil change any way
and one more thin sheila can scream all she wants nobody on the Big O’s team will listen.
Bob another stimulus, are you mad what will that one bring, leprechauns and pink unicorns in everyones driveway. 60 trillion in debt counting all obligations and and you think adding to it is a good idea. jeez people never learn.
http://www.marketwatch.com/story/berkshire-buys-burlington-northern-2009-11-03
Any guess where some of the next stimulus money goes?
God what was I drinking this morning, spelling is more atrocious than usual.
clot and Ket had a dem polster come to my house in Garbagefield last night, poor girl barely in her twenties, I tried to enlighten her on libertarianism she didn’t seem too interested. She seemed surprised that everyone in that $hithole wasn’t a Democrat Ahh to be young and dumb again
More homeownership blues:
http://www.bloomberg.com/apps/news?pid=20603037&sid=a5Mu8v6dknLo
Go Vote!
My vote is up for sale at auction. Anyone have Corzine’s digits?
Newark is reporting that people in ACORN t-shirts were in the facility signing up and collecting absentee ballots. New Jersey law allows anyone to take up to 10 absentee ballots at a time. Individuals in the ACORN shirts entering the hospital with blank absentee ballots and leaving with completed ballots.
There are reports out of Camden, New Jersey that voters are discovering that absentee ballots have already been submitted under their name. They did not authorize these ballots. Early reports suggested that the number of absentee ballots ‘requested’ in Camden city is higher than in any previous election. This will no doubt spark confusion on election day.
http://www.inthelobby.net/
Why not vote for one of the little guys?
I’ve voted for alternative candidates in the past, but I just feel this election is too close and too important to cast a “protest” vote.
Christie is by no means a perfect candidate, but he is the only hope at getting some meaningful opposition to the heavily Dem assembly (1 party in complete control is never good, dem or repub.). He is also the only hope for having a governor who will actually represent the taxpayers when dealing with the unions.
Screw the election. Here’s the good stuff: time to ride the short/put REIT train again. SRS, baby; SRS!!!!
“The recent bear rally has driven most of the solvent, semi-solvent and absolutely insolvent CRE stocks up, quite a few approaching 100%, while their macro outlook has deteriorated significantly, along with their fundamentals. Quite a few have actually acted in cahoots with the banks that held their increasingly worthless debt, having issued secondary offerings basically converting the bank holdings of debt that didn’t have an icicles chance in the hottest portion of Hell of getting repaid, into worthless toilet paper, heretofore marketed as stock certificates. They have also begun offering this used toilet paper as dividends. That’s right, worthless stock issued in lieu of loans that couldn’t be paid back are also being issued as dividends to cash flow investors from companies that can’t afford cash dividends out of their cash flow. If this isn’t the sector screaming for me to come back and short it, I don’t know what is.
2010 is the first of a series of heavy CRE debt rollover years, and the CMBS market is close to dead. The insurance companies and pension funds are having their own asset/liability mismatch problems (see “This supports both the HIG research and the recent reinsurer research”), and although they have benefited from the most recent market run, I believe it is just a bear market rally that has pretty much run its course. If I am right, they will be seeing devastation in their portfolios that will make March of this year look like a bull market. ”
http://www.zerohedge.com/article/re-commerical-real-estate-and-reits-its-about-time-again
Plus if Christie is bad, we can slice him, cook him up and feed him to the homeless. That man could feed a lot of hungry people.
pain (28)-
Those twentysomething “pollsters” are the same zombies that will be coming to eat your brain in a few months.
Next time, you’ll be drawing down on her if she approaches your door.
Whoever gets elected will have to deal with the fact that there is no more money. Hence, whoever gets elected will have to resign himself to doing nothing but watch everything fall apart, and that’s if he does a good job. The worse thing any of one could do would be to spend or ‘provide’ and that’s what the majority of voters would believe to be doing a good job.
stu (34)-
Bourgeois Putain Roti au Son Propre Gras.
VOTE!!! VOTE!!! VOTE…out all the bums!! Vote against every single incumbent!! Let them know we ain’t happy!!
Vote early and often….
http://www.bloomberg.com/apps/news?pid=20601103&sid=aHESLVopa6GY
Schump:
Comment servir l’homme
19 tosh
Alas, the NJWeedman (Edward Forchion) has sought “political asylum” in California.
Like you said, at least you knew his intentions.
More from Reggie @ #33:
“In addition to a lack of available credit, credit terms are tightening. On top of tightening credit terms is the difficult to overcome issue of many investors that simply overpaid for properties over the last 5 years - producing LTVs in this higher cap rate environment that simply wouldn’t get refinanced even if we still had a credit bubble. You see, when you buy a property for $100 million using a loan of $75 million, it is hard to refinance that $75 million loan with collateral that is now worth $60 million. Many CRE investors simply have not wrapped their head around this valuation issue as of yet. I am confident the credit markets will wrap their head around it for them.
If these problems don’t sink the ship, the dwindling cash from operations may, for many REITs are literally relying on lease cancellation penalties as recurring income. This is a bad omen. If they can replace the tenants that leave (and in this environment, that is a “if”), it will be at drastically reduced rents. This smashes head-on with the pie-in-the-sky business plans that were proffered to banks and investors in the CRE bubble that promised big rents now, to be rolled into bigger rents later, that will eventually bloom into the biggest rents of all time as the projections of cap rates that approached ZERO marched on.”
Big layoffs coming to JnJ, 7% of the workforce.
Can’t imagine that this wouldn’t impact NJ operations.
Clot As long as I am not in a mall when it happens.
stu (40)-
Plat Premier: Cervelles, au Beurre Noir “Zombie”
Plate Seconde: Ris D’Homme aux Crustaces, Sauce Homard
Entree: Jambon D’Avocat, En Tranches
Dessert: Sorbet d’Urine, Petits Fours Assortis
Grim most of my wifes ex department at corporate J&J were let go last week. They have been reaching out to her for help. Since they all threw her under the bus when she was there I can’t say that she has been really trying.
Schumpeter (45):
If you keep this up, Babble Fish is going to turn profitable.
Music to my ears:
“So, I had my team perform a fresh, new scan of RE investors with no limitations except minimal capitalization (some very weak companies are so thinly traded it is hard to get in and out of the positions), minimum share price and, of course, being a public traded company.
We came up with a lost less candidates this time around than we did in 2007 and 2008. On balance, the opportunity is just about as good how as it was back then though, thanks to the Bernanke put option that caused the market to bounce nearly 100% on top of deteriorating fundamentals. The initial shortlist came down to 59 companies, out of which we handpicked 11, and reduced that group to two after studying the filings and footnotes. Both of these companies will run out of money in 2010 sans some miraculous financing event. Even if that miracle does occur (you do believe in miracles, don’t you), it would most likely occur via a significantly shareholder-destroying event. Dividends and capex will have to be cut, and/or properties will have to be sold on a distressed basis. Do you guys remember when I made the same claim about GGP and they attempted to attack me because of it? Well, GGP filed for bankruptcy after swearing in their press releases and conference calls that any mention of the words “bankruptcy”, distressed sales or “foreclosure” was heresy.”
Schumpeter pour chef d’Etat!
Don’t worry as part of their Severance Woody Johnson will let them sit in the unsold PSL Seats at Jets games next year. That will give them at least ten days in 2010 they will have somewhere to go.
Painhrtz says:
November 3, 2009 at 9:08 am
Grim most of my wifes ex department at corporate J&J were let go last week. They have been reaching out to her for help. Since they all threw her under the bus when she was there I can’t say that she has been really trying.
stu (47)-
Tais toi.
John (50)-
Most thinking people consider sitting at a Jets game to be punishment.
L’un d’entre eux les besoins d’être servi dans une réduction de merde avec la mousse de snot
Christie’s last ditch effort at the undecided middle.
Slogan: “If you can vote for a black guy, you can vote for a fat guy.
ChiFi, I can’t believe you doubted me on CIT, yea I don’t win them all but to question my risk mget skills. BTW on one CIT bond I ended up 38.73 up in BK baby. Here is how my remaining CIT positions look this morning BK. As fresh as a babys behind. You rock Jeff Peek, common shareholders are just commoners anyhow.
12557WMQ1 CIT GROUP INC INTERNOTES BOOK 6.000% 03/15/2016 CALL 03/15/2016 07/07/2009 @ $0.45 38.73% Short Term Gain
125581BF4 CIT GROUP INC SR NT 5.80000% 07/28/2011 05/19/2009 @$0.67 0.63% Short Term Gain
In the coaches club section next year can dine in elegance in gold plated toliets with the trailor trash.
Schumpeter says:
November 3, 2009 at 9:15 am
John (50)-
Most thinking people consider sitting at a Jets game to be punishment.
Tax News of the Day:
This has been getting a lot of laughs in tax policy wonk circles. Apparently, someone thinks the US is a tax haven.
“Tax Justice Network Places United States
At Top of 2009 Financial Secrecy Index
The Tax Justice Network Nov. 2 unveiled its 2009 financial secrecy index, placing the United States at the top of the list and highlighting the state of Delaware due to concerns about lack of corporate transparency.
TJN founder Richard Murphy said Nov. 2 that the organization considered a range of national and state information when making its decisions, with Delaware a leading concern in the United States due to ease of incorporation there and the fact that it is “the state most commonly highlighted with regard to financial secrecy.”
Luxembourg, Switzerland, the Cayman Islands, and the United Kingdom (City of London), in that order, were next on the group’s index. Filling out the top 10 on the list of 60 countries were Ireland, Bermuda, Singapore, Belgium, and Hong Kong.
In a video posted on TJN’s blog, Murphy explained that the group looked at such data as total deposits in banks and overall banking secrecy at the national level, but it also looked at incorporation on a state level in the United States.
“We had to use Delaware,” Murphy said, noting that his organization could have used other states such as Wyoming or Nevada, but chose Delaware “ because it is the most popular state for incorporation in the U.S.A.,” and frequently cited for secrecy issues.
Delaware Corporate Register Seen ‘Utterly Useless.’
Murphy said that, while his group understands that corporations must register in Delaware, that register is “almost utterly useless” because “ you cannot be sure that the registered owner of the Delaware corporation is in fact the real owner of the Delaware corporation.”
“We want to hold people to account for the corporations that they own and if that information is not on the register, we don’t think the register performs a useful function,” Murphy said.
He acknowledged that TJN has been criticized for saying that there are no accounts for Delaware companies filed with the register, but he said this remains true unless the companies are publicly traded.
“We don’t think that’s sufficient information,” Murphy said, stressing that limited liability companies should have stronger reporting requirements in the state.
He said limited liability is a right granted by a state that essentially protects the owners of the company from their own actions. Those granted this “extraordinary right” have a duty to make their financial information available, Murphy said. . . .”
Corzine is using Karzai’s playbook, so he should be an Acorn shoo in.
RE: GTG
12/4 is out (as is 12/3 to 12/8) unless someone wants to cover my childcare costs.
Following Friday is still open, as are most saturdays (except first 2 in december). John, if we go with NY, are you in?
#59 nom,
Can we have the GTG at a karaoke bar? I’ve been practicing a lot.
http://www.tudou.com/programs/view/CNirp7FhTtg
[60] safe
Not sure I will be drunk enough for that.
How to Thrive in a Government Nation
60 Safe
You owe me a new set of ears. And for my dog.
#63 lost
You don’t like my high notes? You don’t want to know what I had to do to reach them.
JJ: Howard Stern in the 1980’s always claimed that Bob Guccione had a solid gold toilet bowl.
John says:
November 3, 2009 at 9:29 am
In the coaches club section next year can dine in elegance in gold plated toliets with the trailor trash.
64 Safe
The castrati would be proud. :)
voted GOP’s Chris Christie.
SAS
Johnson & Johnson plans to cut management, simplify structure
Well, with all mergers happening, and J&J cuts, you wonder what will sustain NJ economy.
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Who cares about the Governor’s race? Nothing is going to change no matter who wins. Stu’s line on the Montclair School Board ballot question is that keeping an Appointed Board will win by a 3-2 margin.
I’m voting for Christie who will probably suck just as much as Corzine did, but I just can’t affirm the bearded wonder’s performance over the past 4 years, regardless of Christie’s stand on social issues. A vote for the Dagster is really a vote for Corzine, so don’t let that rich, compulsive liar get reelected.
I wish NYC had an independent candidate. Unfortunately, we have a choice of old bullsh!it or newer old bullsh!t.
I think the vote is more about an early referendum on O’bama politics. Much earlier than the mid-terms next year.
The way Barry was stumping for Corzine….he’s got a lot invested in this race. It’s time to send him a message.
There was a heavy turnout at my polling place this morning. I asked the election aide at the sign-in desk, he said there were more voters than last year.
I held my nose, and voted down the Republican line. My plan is to move out of NJ within the next 2-3 years, so I won’t be around for the carnage that’s sure to come.
Meet the first “Carbon Billinaire” AL GORE.
Forgot the link from above.
http://www.prisonplanet.com/al-gore-set-to-become-first-carbon-billionaire.html
fiddy (73)-
Doesn’t matter a bit. GWB/O…Fat Boy/Crash Test Dummy…all the fcuking same.
Next door to my polling place @ 2 PM: Hillsborough vs N Hunterdon, state playoff game.
Much more interesting.
I can watch the N Hunterdon seniors before they move away from NJ forever.
I agree with Schump (as usual). It is all the same. Both teams promised different things, but when all is said and done, it’s the same old plan. The rich get richer and everyone else doesn’t really matter.
We live in a corporatocracy. The two major parties exist to make sure you don’t notice it.
I’m voting for the fat guy. Corzine is so bad, I think I’d vote for Mussolini, Peron, Castro or Franco before I’d vote for him again. To quote Americas worst president “There’s an old saying in Tennessee I know it’s in Texas, probably in Tennessee that says, fool me once, shame on shame on you. Fool me you can’t get fooled again.”, I’m not falling for Corzine’s bullsh*t again.
[62] sg
Funny stuff, but some of that has been advocated on this board, e.g., learning a trade, getting on the dole, etc.
Stu, you’ve nailed it partisan politics is to distract the populace while corporations and the rich rob us blind. Bread and circuses. Welcome the fall of our empire.
Schumpeter says:
November 3, 2009 at 11:17 am
I can watch the N Hunterdon seniors before they move away from NJ forever.
They’ll be back. These kids have no stigma from returning home. When provided a choice: live at home and be a schmuck versus sacrifice and venture out; guess what wins?
“I can watch the N Hunterdon seniors before they move away from NJ forever.”
This is one very disturbing statement.
http://tinyurl.com/schumpeter
[79] stu
Actually, the reason things won’t change is because they can’t change. Whoever takes over in Trenton literally has his hands tied.
I can’t stand Corzine, but if Christie wins, he has to battle the state workers and the Assembly, both of which will be hostile. Expect virtually every initiative to be fought in the assembly and the courts, and, if those venues aren’t available, in strikes and demonstrations.
“Expect virtually every initiative to be fought in the assembly and the courts, and, if those venues aren’t available, in strikes and demonstrations.”
Works for me.
Great Myths of the Great Depression
I’m voting for fatso, so hopefully I can see some pinks slips in trenton and cuts to the ridiculous municipal aid given to places like Newark, etc. Maybe then the budget can right it’s self.
[59] redux
I take it back about 12/4. GTG still possible, but it can’t be NYC. No way I can get in and out in time to avoid violating overtime rules for my caregiver. Bergen would be okay because that is the one Friday I can drive.
Sorry John
[86] stu
Works for you?
What you are endorsing is government paralysis, and all the while, the spending spigot is wide open.
Only a decisive Christie victory, a Daggett victory, or, paradoxically, a very narrow Corzine win (with considerable taint) will result in any reform possibilities.
If Christie squeaks in, he has no political capital, and if Corzine landslides, dems will be emboldened to further his agenda.
Doesn’t matter a bit. GWB/O…Fat Boy/Crash Test Dummy…all the fcuking same
I Agree.It’s the Union and Gov’t workers and families running NJ’s future.They don’t care if the state is broke,they want what is due to them without regards to the Tax Payers.
Meet the first “Carbon Billionaire” AL GORE
Watch this law suit ASIA VS 8 Developed Countries
http://videos.gmanews.tv/2008a/climatechange/climate%20change%20trial.swf
The Copenhagen Treaty Effect
I will NOT be voting for someone, who is stupid enough to turn down stimulus money from the federal government. That is just ideological suicide. I think Christie is another George W. Bush. He makes decisions based on ideology rather than facts. That can lead to serious problems.
Corzine is no dream Governor, but he is the first Governor in twenty years to reduce the size of government, Democrat or Republican. He also did shut down the government to teach the Legislature a lesson. He got rid of Christmas Tree items and dual office holding. When you think about it, he is more Republican than Whitman was.
Anyway, that is my two cents. Reluctantly voting Corzine.
voted for christie, he’s a clown but i live in hudson county, anything i can do to weaken the hudson county democriminals hold on power i will do
[93] NJsurf
If you want Corzine, but want to send him a message, I respectfully suggest that a vote for Daggett is a better way to go about it.
Daggett’s support saps Christie far more than Corzine. Most of those voters would go to Christie if Daggett were not in the race.
Remember also that Daggett’s primary issue is property tax relief. A strong Daggett vote sends the property tax and NOBU messages to Trenton, while still denying Christie an office there.
That is why I thought that a Corzine squeaker was a better prospect for reform. If he wins on a plurality because Daggett got north of 8%, he, and the Assembly, will take it for what it is: a referendum on his policies.
If Christie squeaks in, he does so with no capital and a P.O.’ed state worker/welfare complex, ready to take him on. This will naturally attract the support of the dems, who will look to shore up that base. By contrast, a narrow Corzine “win” forces him to cannibalize the base.
So every vote for Daggett is a vote for real change. Besides, Christie really is a decent guy, and needs to lose some weight and look out for his family. A Corzine win means he can take a high-paying job with a major law firm, rather than slog it out in Trenton. So let’s do Christie a favor and vote Daggett.
My $0.02.
Corzine is pretty good. For being a complete feeb.
Nom,
Government paralysis is better than reform if the reform does nothing but waste more tax dollars and build bigger government.
Case in point was the pointless and wasteful Cash for Clunkers program that most likely would not have happened had we had a logjam in the house and senate.
No government reform will take place unless we change the way campaigns are financed. Until then, everything else is a smokescreen and the highest corporate contributor wins. You need to look no further than the referendum for bonding for the support of stem cell research facility staffing that Corzine served up shortly after being elected. The people of New Jersey shot it down so Corzine decided to bond to build the facilities even though he could not legally staff them. I really didn’t think Corzine would have been this bad. Then I realized that Forest Gump probably could have run Government Sachs successfully during Corzine’s tenure.
plume (95)-
IMO, nothing sends “messages” to anyone in Trenton. You either win the election- and continue in your previous thuggish, corrupt and bankrupt ways- or you lose, go home and start planning ways to smear the winner in 2-4 years and recapture the office.
I reject any theory that holds a politician anywhere in the US feels any sense of responsibility toward the people who elected him. Narrow ideological constituencies and large donors come first.
“dual office holding” NJ Surf?
Check again.
Smaller government? Perhaps the complete dropoff in tax revenues for the first time since the Great Depression had something to do with it.
Why don’t you mention the investment in Lehman Brothers that he supported less than a month before it collapsed. That investment was $1 short of the amount necessary for the investment to have been publicized.
Keep cheering for the a-hole. It simply makes you look stupid.
I’m thinking about writing in Schumpeter.
[93] NJsurf
One question: Did that stim $$ that Christie would have turned down come with no strings attached? (by strings, I mean an obligation to impose new taxes or regulations, and/or fund a new benefit that, allowing for present value factoring, would actually cost much more than the stim $$$ offset). I don’t know the details, but if you do, I am interested in knowing them.
If it was no-strings, I agree that it would have been stupid. Why turn down a return on investment?
stu (97)-
Forrest Gump could’ve also pulled an end run on the internal power play that showed him the door.
Corslime was a dolt before the car accident. Now, he’s essentially a functional retard.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aa6oc6Wz9Ftg&pos=5
Who cares about the election? East is the new WEST!!!
got shiny?
stu (99)-
Anyone who votes for me gets free hookers and blow.
njsurf 93, ditto.
Also voting Corzine.
Corzine was the opposite of FDR.
He spoke loudly and carried a stick made of nerfy material.
make (102)-
Wait ’til the failure-to-deliver event that’s coming in December.
Good times.
[87, 98] stu/schum
Geez, you pissed on my parade there. I didn’t know I came across as such an unbridled optimist. That is gonna be news to some of the board libs.
plume (107)-
Hope is not a strategy.
“Abandon hope, all ye who enter here.”
[108] pol clot
Not suggesting I am a hopeium smoker, are you?
“Why am I so negative about the good consumption numbers coming out of the US? Because the rise in personal consumption was accompanied by a 3.4% decline in household disposable income. If US household income declines, and this is likely to continue as unemployment rises even further, it is hard to imagine that US households are really going to splurge on new consumption. Consumption and household income must move in the same direction over any reasonable time period to be sustainable.”
http://mpettis.com/2009/11/what-rebalancing-of-chinese-and-american-consumption/
Make [102],
Yet, we were told, by many on this site, that the IMF impending sale would be bearish. Gotta luv that one.
Nom,
Just surprised that you think any of these politicians actually care about us.
It’s truly said that we as Americans feel more joy pulling the lever on a flush toilet than we do in the election booth.
Yes, like I said, a ban on dual office holding. True, Current members of the Legislature were grandfathered in. That and the elimination of Christmas Tree items is more than any Governor has been able to accomplish to change Trenton in my lifetime.
With regard to stimulus, Christie first said he would turn down large sums of stimulus, then changed it to stimulus money with strings attached. This guy is too ideological. It is Bush-style thinking that scares me.
Finally, on shrinking government Corzine has stuck to matching recurring spending with recurring revenues. He has had to clean up insance financial messes inherited from Whitman and McGreevey. The vitriol for Corzine is so strange because none of this was created by him.
Christie has not mentioned how he plans on cutting taxes, maintaining services and running the State. This reminds me of Bush all over again. Too good to be true. You can’t cut taxes, without cutting spending.
Is Chris Christe and Rex Ryan the same person? I never see them together and interestingly enough they both have first and last names that begin with same letter
[112] stu
Not that naive. But there is a symbiosis; if they neglect the popular will too much, they are history. That is why I think a near miss sends a message. It appeals to their notion of self preservation.
On a different note, this statement from the Star Ledger got my attention:
“While the crowd cheered for Corzine - and even more loudly for Newark Mayor Cory Booker - it was clear they were most enthused to see Obama.”
Cheering loudest for Obama, well, I can see that. But when Booker got louder cheers than Corzine at this event, that tells you something about his level of support, even with the faithful.
103 Schump
That’s what I’ve been waiting for. Good old-fashioned NJ vote buying.
You’ve got my vote.
And if you decide to run for Genocidal Dictator as Pol Clot, my dead relatives will vote for you as well.
If elected, I will round up and execute self-loathing liberals and religious zealot conservatives alike.
I will also legalize drugs and pr0stitution and tax them heavily.
#117 - I will round up and execute self-loathing liberals and religious zealot conservatives alike.
What about us brain dead slobs?
Will we be given cushy jobs?
/monorail
and tax them heavily?
You just lost my vote.
I will also legalize… pr0stitution and tax them heavily.
I was hoping for them to tax me, but whatevs.
[110] HEHEHE
Interesting assertion. My take on consumption holding up at all is based on a prevalent belief that (1) there are deals to be had now because inventories are high, (2) our dollars will be worthless in the future, and (3) the combination of number (1) going away and number (2) occurring is spurring current demand.
At least in the DePlume home, it is.
Based on that theory, I expect consumption to take a hit once inventories are depleted and have to be restocked at higher prices. In the meantime, my savings rate is zero.
[117] schump.
Why not just arm them and let them work it out for themselves?
More election day stuff:
Today’s Election Day gratitude (heard on the radio) : Today is the one year anniversary of not electing Sarah Palin.
When I was selling my place in Philly, one of the selling points I made sure to highlight was walking distance to downtown.
This was why.
http://www.nytimes.com/2009/11/04/us/04transit.html?_r=1&hp
101.5 said they tracked some Daggett Commercials back to the Democratic Party. What else is new. Years ago in NY they said vote ABC (Anybody But Cuomo), now it’s NJ’s turn, ABC (Anybody But Corzine).
i gave corslime my vote and held my nose. im hoping that he can do a better job of navigating the upcoming budget crisis than an attorney.
also, i figure if he gets re-elected he might just make some deep cuts and tell the unions to fly a kite - in a nice way.
Christie has promised and claimed very little. That tells me he would do very little. If i were running for gov in the middle of a property tax and budget crisis my campaign message would be much more ambitious.
Anyway, I see little difference between all three of them. Its no wonder everyone is voting Dagget.
schump,
what fail to deliver event in December?
do you mean Treasuries?
I’ve been out of the loop a bit. Actually working takes away from my meandering online and reading about the coming apocalypse.
by the way, I’m in for a GTG - Bergen or NYC
NYC, if John agrees to it …the extra special “this is John” GTG!
NYC and a big time bond trader. I’m in too.
Voting Independent.
The “A vote for Mr. Ind. is a vote for the big party guy you don’t like” schtik is EXACTLY why we have two corrupt, self entitled loser parties in power.
Until both the Dems and Repubs feel real pain nothing will change.
Schump(106),
Why do you say December? It can’t be that close. My best case scenerio failure to deliver won’t happen until 2013.
Disclaimer: I stand where I sit.
#126 -101.5 called Palin refreshing and down to earth.
Nuf said.
NJ has serious issues, the problem with Corzine has been and continues to be his allegiance to the unions and his support of aid to the poor. Newark, Camden, etc need to be cut off, aid needs to be drastically reduced as they are sending good money after bad. Every dollar sent to hudson county or Newark, $0.80 winds up in some corrupt persons pocket. The only way to improve the situation is by cutting costs, I’m looking at municipal aid and the unions. After this business needs to be incentivized, NJ is being eaten for breakfast by other states we need to be competitive.
http://www.nbcnewyork.com/news/local-beat/Swine-Flu-Fears-Lead-to-Girl-on-Girl-Brawl-on-NYC-Subway-68801572.html
Swine Flu Fears Lead to Girl-on-Girl Brawl on D Train
By BRIAN RIES
Updated 10:41 AM EST, Tue, Nov 3, 2009
After a rough spring that saw as many as 20 to 40 percent of New Yorkers exposed to H1N1, subway riders have resorted to defending themselves with their fists.
Violence struck on a southbound D train Monday morning after two women got into an argument over one’s refusal to cover her mouth while coughing. It ended with her spitting on the other, a punch, and the second woman dragging the first to the floor of the car by her hair.
Here’s the play-by-play account, as witnessed firsthand by The Business Insider’s Lawrence Delevingne:
“No one got the conductor — it just seemed like a shouting match — but as the train pulled into 42nd Street, the coughing woman spit on the other, provoking what sounded like a punch from the reaction of the crowd (we didn’t directly see it). Then the cougher attempted to exit the train as the doors were open, but the second woman grabbed her by the back of the hair, violently yanking her down to the floor.”
John will never attend a GTG. Here is why…
http://tinyurl.com/john-siting
Make [131],
If you have sold forward 2,3, 10x’s your actual, you can always offset it by buying futures. The Dec expiration, end of Nov, will be unsettling for many.
I voted for Daggett.
132.lisoosh says:
November 3, 2009 at 1:35 pm
#126 -101.5 called Palin refreshing and down to earth.
Nuf said.
Probably so, they also said Bill Clinton was not at fault, because Hillary didn’t like Cigars.
“Until both the Dems and Repubs feel real pain nothing will change.”
Lish, i would love to vote dagget. but even he was a dissapointment for me. His state tax system to fund schools is not novel - its been popular in some other states for over a decade now.
His problem is the same as the other two guys: it increases taxes overall and doesnt address any of the runaway spending problems. So we get a wide variety of choice: three big spenders who are all controlled by the unions anyway. take your pick.
Nom 125 - I remember the last NYC transit strike just a few years back. The kids that worked for me that lived in the outer boroughs showed great ingenuity to buddy up into carpools and get up at the crack of dawn so they could drive into work (city mandated I think at least 4 people in a car to cross the bridges and tunnels into Manhattan during the morning rush). Anyone who lived in NJ and LIRR cheerfully walked to the office (we were in midtown on the east side). But my primadonnas who lived in Manhattan in apartments paid for by mommy and daddy actually asked if they would get paid if they didn’t come in. One of them told me she was not hearty enough to walk from the East 70’s to 45th and Lex in the middle of December. I do have to say that she was a big Red Sox fan from Mass.
I also voted for preserving open land. I had this Monty Python scene running through my head when I did.
“just one more wafer”
http://www.youtube.com/watch?v=BlK62rjQWLk
#140 - One of them told me she was not hearty enough to walk from the East 70’s to 45th and Lex in the middle of December
That’s just sad. It wasn’t even that cold IIRC.
Also, my company has offices in that building.
130 lisoosh
We need a real contender again, like this one.
http://www.texasmonthly.com/issues/1992-06-01/cover.jpg
I voted for Corzine, 4 times.
[140] gator
An outlier.
[144] frank
Only 4? Clearly you are not from Hudson County.
IMO, nothing sends “messages” to anyone in Trenton.
I agree. In the last election, there were 2 big ballot questions; public funding of stem cell research and dedicating a portion of the sales tax to property tax relief. Both were expected to easily pass, yet both were defeated. This was a major defeat for Corzine and should have sent a strong message about spending, but he shrugged it off and nothing changed.
#80 “Im voting for the fat guy”
LMAO
Renting 147 - If I recall correctly, after the stem cell question was voted down, Corzine gave the go-ahead to build the facilities anyway even though we are not going to fund the research. That seems more like a giant F-U than a shrug off to me.
Apologies if my facts are not correct. I blame Stu, as he b*tched about this for months.
Schump/Pol Clot,
Have you considered running on a platform of getting rid of new annoying names for kids like Graydon and Ellery?
[135] stu
LMAO.
Though why do I get the sense that it wasn’t unintentional?
Voted for the fat guy as well. Voting for Corzine in Ocean County is like buying a house without granite counter tops.
“IMO, nothing sends “messages” to anyone in Trenton.”
Not being in Trenton is a pretty powerful message.
Want to send a message to Trenton?
Get them a subscription to my magazine!
Gorbachev calling for a new world order.
Comparing Obama’s efforts with his own attempt to reform the Soviet Union in the 1980s — which was called “perestroika”, or “restructuring” — Gorbachev said that Obama faced the harder task.
“I do not envy Obama, because I think changing and ‘restructuring’ America is not easier than changing the Soviet Union,” Gorbachev said.
“I wish the Americans luck. I think the president’s steps need the support of the American people,” he added.
Gorbachev, a winner of the Nobel Peace Prize in 1990, also said he approved of Obama’s unexpected Peace Prize victory last month, saying it could help push the United States towards greater multilateralism.
Gorbachev criticised “dividing lines” that he said had reappeared in the world and called on the United States, Russia and Europe to cooperate in creating a “fairer” world order.
http://www.google.com/hostednews/afp/article/ALeqM5gwWTO_BvBYEAKmMbwniNbCksuj5g
NJGator #149,
I think you are correct. I’m not sure if he ever went through with it, but I know he was pretty defiant at the time. I think he implied that voters didn’t really understand what they were voting on.
WASHINGTON, Nov. 2 (UPI) — U.S. firearms owners have bought an estimated 12 billion rounds of ammunition during the past year, gun industry analysts said.
The figure far outstrips the 7 billion to 10 billion rounds sold in a typical year, The Washington Post reported Monday. The spike in sales began when people started to take seriously warnings from the gun lobby that with Democrats controlling the White House and Congress there would be new restrictions on gun ownership, the newspaper said.
As consumers stepped up purchases, supplies tightened, prices went up and a shortage developed. The shortage has begun to ebb and gun-control advocates are expressing concern about the record amount of stockpiled ammunition, the Post said.
Whitney Houston has put the 5-acre Mendham estate where she married singer Bobby Brown on the market for $2.5 million, far less than its assessed value of $5.6 million. House was originally bought in 1987 for $2.7 million.
http://www.nj.com/entertainment/celebrities/index.ssf/2009/11/whitney_houston_unloading_mend.html
Veto - I don’t think Daggett is the Second Coming either.
However, a vote for Christie or Corzine is a vote for business as usual.
At least if an Independent wins, even if a clone of the big party players, it lets the Parties know they aren’t invulnerable and lets Independents know they stand a shot - leading to better candidates next time.
How on earth can you change a system without taking baby steps?
On a final note:
Don’t buy the Republican spin that Daggett is siphoning off Christie votes.
The guy is an environmentalist and is talking about redistributing taxes. Not exactly Republican material. No Tea Party participant is about to switch to him, or even a soft conservative.
His potential voters are middle class, non-union Dems dissatisfied with Corzine.
will vote for Daggett
sends a message to D and R, that they are not alone in this race. The I candidates will become stronger, if any big party offers reliable solutions with trusted candidates.
Corzine and Christie, what is the difference? No real solutions, just status quo.
I wonder if Schumpeter will receive as many votes as Daggett?
How did this site miss Gary Stein for Gov?
http://wonkette.com/411966/vote-gary-stein-for-new-jersey-governor-right-now
For all the fellows who predicted the death of Bank Sub bonds back in March. Actually CHIFI might be only one who will enjoy this article from MS/SB
Senior/sub Differential: Going, going…
Even if we can’t say yet that happy days are here again, at least we are getting
back to 2006 as far as senior/subordinated differentials go. In those halcyon
days, subprime lenders were still Masters of the Universe, banks’ biggest
problem was deciding the size of their stock buybacks, and the senior/sub
differential for a large bank like JPMorgan was 10-15 bp.
Now, JPMorgan subordinated holding company bonds trade about 15 bp
behind senior holding company bonds, compared to 25 bp in mid-September.
(See Figure 4). Bank of America’s differential also narrowed about 10 bp in
that time frame but is still about 35 bp. (We think that technical factors have
played a role in limiting the compression). We still find value in the Bank of
America differential, but we think that the JPMorgan senior/sub relationship
has gotten pretty tight.
For Wells Fargo, the nominal differential between the senior holding company
2017 bonds and subordinated 2016 bonds issued by the holding company has
dropped from 60 bp in mid-September to 15 bp currently. However, adjusting
for the maturity difference, the differential is about 40 bp on a z-spread basis,
which we still consider attractive.
We continue to recommend JPMorgan’s TRUPs. We consider this bank the
strongest in our coverage universe, and we are willing to go deeper in its
capital structure if the incremental yield provides sufficient compensation. We
previously recommended JPMorgan’s 6.8s of 2037 TRUPs and we are updating
our recommendation to encompass the new JPMorgan 7s of 2039 (TRUPs),
which trade 120 bp behind the company’s 6.4s of 2038 (senior holding
company).
Gary Stein is awesome, I especially appreciate his view on Mexico and illegal immigration.
If Corzine wins ,I’m voting with my feet
161,
That’s what i did.
Clot,
Those Russians can drink. Will he load this on the Chelsea debt wagon?
http://www.businessinsider.com/jay-zs-astronomical-hamptons-dinner-2009-11
[160] lisoosh
“The guy is an environmentalist and is talking about redistributing taxes. Not exactly Republican material.”
Beg to differ. Much republican support comes from folks who consider themselves pro-environment, particularly those in rural areas. They just aren’t as ardently anti-industry as left wing enviros. Also, depending on the tax redistribution, it would benefit a lot of republicans, if you subscribe to the notion that a sales tax is regressive (and part of the reason it is regressive is that it is avoidable, something that republicans are more apt to do).
[166] db
already did. That is why I can’t vote.
I hopes those that voted with their feet had the decency to clean the levers when they were finished.
166 - all talk.
[171] stu
Good one!
[157] james
You forgot to include the bipartisan tax aspect (where conservatives are happy about record tax revenues):
“U.S. taxes on guns and ammunition — which are used to fund wildlife conservation — increased after Bill Clinton was elected president in 1992 and after Democrats took control of Congress in 2006. At the current rate those tax receipts will set a record in 2009.”
So there is something for the left to smile about in this development.
jcer (133)-
Haven’t you heard? The way to save NJ is to tax anyone who is not destitute into abject destitution.
“The only way to improve the situation is by cutting costs, I’m looking at municipal aid and the unions. After this business needs to be incentivized, NJ is being eaten for breakfast by other states we need to be competitive.”
The end is nigh….
http://www.bloomberg.com/apps/news?pid=20601103&sid=aRs3SM8HTWvs
danzud (150)-
No, but I would run on a platform of getting rid of the actual kids. Maybe send ‘em to SC or GA for some “reeducation”.
“Have you considered running on a platform of getting rid of new annoying names for kids like Graydon and Ellery?”
John says:
November 3, 2009 at 3:23 pm
For all the fellows who predicted the death of Bank Sub bonds back in March. Actually CHIFI might be only one who will enjoy this article from MS/SB
Senior/sub Differential: Going, going…
JJ: Interesting…although the pricing bond yields are so out of whack that it is almost irrelevant. I hate the idea that people are talking spreads. If they quoted nominal yields then it kind of creates a really “so what” kind of conclusion. Notice that they didn’t. It just means people are desperate….I wouldn’t fcuk with the paltry crap out there…..
albani:
WSJ
COMMODITIES
NOVEMBER 3, 2009, 3:05 P.M. ET
Gold Jumps After India Purchases
By CAROLYN CUI
Gold surged to a new record high on Tuesday, fueled by the news that India’s central bank snapped up half of the bullion that the International Monetary Fund was planning to sell.
While the sale was widely expected after the IMF approved in September to divest a total of 403 metric tons to official holders, the market saw a spark hidden in the details.
Precious metals turned higher despite the stronger dollar.
India bought 200 tons of gold at an average price of “just under” $1,045 per troy ounce, according to a senior IMF official. The transactions were concluded between Oct. 19 and Oct. 30, but the final settlement price would be determined based on today’s foreign exchange rates.
That India, a fairly savvy purchaser of gold — and home to billions of gold wearers and jewelers — was willing to pay such a high price has been seen as a big sign that the nation has accepted that the recent surge in gold isn’t likely to abate any time soon. After gold pierced the $1,000 level, many investors started getting uneasy about the price, evidenced by the recently stabilized influx into gold exchange-traded funds.
Gold closed at $1,084.9 per ounce on Tuesday, up 2.9%.
“The fact that one large institutional investor is accepting the current gold prices is really supporting the market,” said Eugen Weinberg, an analyst with Commerzbank AG.
India’s affirmation of current gold prices has the market expecting other buyers may emerge soon to take the remaining half of the IMF’s gold.
“I wouldn’t be surprised to see China to be the other buyer,” Mr. Weinberg said. Central banks in emerging markets are diversifying their foreign reserves into hard assets, as the U.S. dollar continues to depreciate.
“We can’t detail ahead of time what other countries are doing,” the IMF official said.
PGC (168)-
La Tache and Petrus…same dinner, in an Italian restaurant? What a redneck. He’d fit in great in some Alabama jerkwater. Probably put ice cubes in the Petrus or asked for club soda and made spritzers with it.
EPL and FIFA have both told Abramovich he can’t lend Chelsea pile after pile of his money at 0% interest. I believe they also told him he can’t offload personal debts on them, either.
chi (176)-
Word is, Roubini only wants Mexican quants.
Nom - Beg to differ back.
Wanting to preserve areas for hunting and snowmobiling does not make on an environmentalist. First find me a bunch of rural hunters worried about global warming. Find me a rural chicken or hog farmer really concerned about run-off. Find me the conservatives trying to get fertilizer use cut down (those three legged frogs didn’t get that way by themselves).
I will though concede that the hunters and enviros frequently have more in common with each other than they realize.
re#179 - Chi - The bigger news of the day was Buffett and BNI. He just burned through a large portion or their cash holdings to overpay for BNI. Looks like an inflation hedge to me.
As I have been saying Deflation my ass. Anyone remember this Buffettn diddy from last October?
ttp://www.nytimes.com/2008/10/17/opinion/17buffett.html?_r=1
Who is going to win Hoboken Mayor?
Pant up;
http://www.mybudget360.com/wp-content/uploads/2009/11/food-stamps.png
Sean,
We are still in deflation. I’ll let you know when it changes though.
Personally just declare bankruptcy already, break the union contracts with everyone but the police because there will be anarchy and be done with it.
this is my nuke option plan
Tell NJEA pound pavement because after 6 months to a year of no eating in a bad economy the teachers who actually want and need to work will come back. Teachers salaries will increase by 25% across the board. Those under 45 get a 401K plan with dollar for dollar matching up to 5% and an end to their pension. teachers over 45-50 have their penison plan reduced to 50% of current obligations and 401K with matching to 9%. 50-60 75% of current pension 401K matching up to 10%. Over 60 retire. Adminstrators are offered 401K only no pension.
Lottery proceeds directly to education for school supplies only to be equally distributed among each student. Not the teachers or administrators. If it works out to 250 bucks a student that is a laptop and supplies for each child.
Negotiate contracts for supplies on par with what the staples and office max’s of the world pay to further reduce costs.
Issue a NJ jersey pass with license plates and charge nj residents half the toll charge on the parkway and turnpike. Charge everyone else that uses our roads 1.5 times the current rate. Raise the gasoline tax 2 cents dedicated stricly to roads. Eliminate 50% of the toll collectors.
Police and Fire salaries will be based on the average of cost of living and the salaries of other officers in similar priced states. Pensions will be eliminated for all officers under the age of forty replaced with 401K accounts with 5% matching.
Cut off all funding to inner cities who fail an corruption litmus test. Each dollar must be accouonted for. Enact strict accounting oversight.
Force consolidation of districts where they may maintain their name identity if they so wish, but will share services at all opportunities. The era of home rule must come to an end. Each new district may have a minimum of one seat on the new township councils, number of council seats to be established by population counts.
Force local goverments to reduce property taxes by 30% by the end of my fourth term. Reductions should be on an 8% a year basis. They should also have someone from the town go to every homeowner and apologize for robbing them blind every year.
Cut all non essential programs. Privatize when possible. Slash and burn as many departments as we can while keeping the state running. Try and reduce the government by 20% first year, 40% second and 60% final year of my term. No more dual serving positions with local and state government.
I will not run for reelection. I will not accept a public pension. I will take the salary for four years of work. After that I plan to be sipping scotch and speaking on the lecture circuit.
184 - Artie Lange
grim in moderation I guess it was becasue I used the phrase n*ke option
Running arround most of the day listening to NPR. They had a lot of great analysis and debate. They even had a special segment on the Montclair School Board.
They touched on one point that has been in my head for a few days. IF the NJ race is close (i.e < 3pts) the GOP will load the helicopters full of paper and start dumping filings on the courts. This could turn into another Minisota Senate, or even hanging chads in Florida. I know a few GOP attorneys that were on standby for McCain that were annoyed that they didn’t get the chance. If it goes the other way and is close for the GOP, Jon may start filing in the courts to stall the process and hold on that way. Unless you see either by 5pts, pull up a seat and watch the fun start as they fight to count (or not count) the absentees.
Got to run
re#186 - HEHEHE
I let you know where you are wrong. Let’s
see last April is when CPI-U started turing up again.
I have been saying this for a while Bernake is printing us out of deflation. There was no deflationary spiral, next stop on this crazy train is inflation.
Union workers get the vote out for Corzine;
http://www.nj.com/news/index.ssf/2009/11/corzine_enlists_union_workers.html
Sean,
Too much debt still needs to be destroyed for there to be inflation. Also Crazy Ben is playing the same game as the rest of the world so to say that the US is somehow going to get some inflationary spiral while the rest of the world is engaging in the same conduct is ludicrous.
Also I wouldn’t write too much into the Oracle’s mighty purchase. He’s the same clown who was heavily invested in Moody’s, AmEx, BAC etc when the sh*t hit the fan last year. Some f’n Oracle!
Corzine is pulling out all the stops, 25 million of his own cash, Acorn workers, Union workers etc, gonna try squeeze us for every tax dollar he can if he gets in to keep them all FAT AND happy.
I was hanging in the West Village last week with some friends, I miss my old neighborhood, and rents have come down allot. I may move back if Bloomberg gets in again. When he took office at the end of 2001 the first thing he did in NYC was clean house to close a 3 billion dollar budget gap.
I don’t see NJ doing so, and if I am going to have my pocket picked it might as well be in NYC were at least I can get a reach around for it.
[182] lisoosh,
Way you say it sounds like anyone to the right of Christie likes breathing smog and drinking sewage. I have yet to find a conservative who endorses that.
Though I do recall Art Buchwald saying he didn’t trust any air he couldn’t see.
Anyway, I recall this from some time back, and I think this is the same ’strange bedfellow’ situation I was thinking of.
http://findarticles.com/p/articles/mi_m1525/is_4_86/ai_76285349/
re: #192 - HEHEHE - not so the debt won’t be destroyed, it’s buy and hold till the fat lady sings for the taxpayer and the Fed. Moral Hazard remember? The politicians won’t allow a deflationary spiral.
well, being a life long member of the democratic party ( I do not forget where I came from), this will be the first year that I do not vote democratic ( I would have voted for Reagan. . . made a speech in school in the seventh grade for him as part of a class project). However, can’t vote for the “fat guy” as he has no clue.
Seeing/hearing the sound truck for John Corzine in Passaic has made my choice clear… Daggett.
God help this city when pension reform comes. I will be more scared of the cops than the criminals. The cops in this town have such a sense of entitlement and act like an occupying army. Can’t wait to see how they act when they will not get their pensions.
anyway, got a headache. . . .probably not enough coffee.
Nick Cage’s money troubles.
http://www.cnn.com/video/#/video/showbiz/2009/11/03/kaye.nicolas.cage.broke.cnn
189:
now I am votting for Daggett: just to watch the delicious chaos that ensues. Ah. . . happy, happy, joy, joy. Entertainment
Sean,
At this point a deflationary spiral can’t be avoided. Ask the Japanese. The Yen is hanging on by a thread and their economy is still in the tank and their stock market is still making new lows.
[198] morpheus
Remember, chaos is good, especially for certain professions.
[196] morpheus
“The cops in this town have such a sense of entitlement and act like an occupying army. Can’t wait to see how they act when they will not get their pensions.”
Just be sure to have your FOP stickers prominently displayed.
“Just be sure to have your FOP stickers prominently displayed.”
I’ll go one more, shell out the big $ for the big @ss one you put on your front windshield. It’s a license to park anyplace you want in the state of NJ.
[202] HEHEHE
Yeah, I see those in Brigadoon. Where do I get one of those???
On the flip side, I collect foreign police patches. I have a small collection of domestic ones that I think I will turn into some kind of display for the rear window. Problem there is sunlight—they will fade in no time.
Maybe a driving coat instead, covered with different police patches. Yeah, that’s (not) the ticket!!!
I don’t know how you get one. I am talking the big mothers with the suction cups. All of the realtors and connected types have them in Hoboken.
[202] HEHEHE
Wouldn’t ya know it?
http://www.njspba.com/Documents/CarShieldLaw.pdf
Yay Chaos.
does this mean I am an agent of Chaos? I guess I can’t bag agent 99. ROWL ROWL
re#199 - HEHEHE - willing to wait a lifetime to find out? The Japanese bubble was over 20 years ago, and unlike the USA they are a Xenophobic island nation with a declining population of limited resources.
Not the same tale here in the USA, we are more like Argentina.
Damn it nom, stop talking about the law and get down in the gutter with the rest of us!
Corzine = Goldman alumnus, therefore he should be duct-taped to a chair, his nutsack wired to a car battery, and left to cook.
damn. . . there is still coffee left in the thermos. no wonder why I am so cranky.
Nom,
This f’g state never ceases to amaze! LOL
Will this will be NJ soon?
“How long can public pensions continue?”
http://www.mercia.net/k
I don’t have much faith that Christie will win, or if he somehow does, do much to change things. But boy did it feel good to vote against that scumbag Corzine.
193. Sean I may move back if Bloomberg gets in again.
TV 2 just said Bloomberg spent $110M versus $8M for Thompson, so should be a shoo in. Amazing though, Juliani couldn’t get an extension after 9/11, but Bloomy can buyout the peoples vote on term limits. Guess the courts are busy with more important stuff.
213.JBJB says:
November 3, 2009 at 5:45 pm
I don’t have much faith that Christie will win, or if he somehow does, do much to change things. But boy did it feel good to vote against that scumbag Corzine
I agree. No one can beat the Anti-Messiah or his Anti-Acolytes.
I like this title….
SuperFreakonomics: Global Cooling, Patriotic Prostitutes, and Why Suicide Bombers Should Buy Life Insurance (Hardcover)
From Superfreakonomics: Where do you stand on the freak-o-meter?
Four years ago, you were cool. You read Freakonomics when it first came out. You impressed family and friends and dazzled dates with the insights you gleaned. Now Steven D. Levitt and Stephen J. Dubner return with Superfreakonomics, a freakquel even bolder, funnier, and more surprising than the first.
Have you been keeping up? Can you call yourself a SuperFreak? Test your Superfreakonomics know-how now:
Question 1: 5 points
According to Superfreakonomics, what has been most helpful in improving the lives of women in rural India?
A. The government ban on dowries and sex-selective abortions
B. The spread of cable and satellite television
C. Projects that pay women to not abort female babies
D. Condoms made specially for the Indian market
Question 2: 3 points
Among Chicago street prostitutes, which night of the week is the most profitable?
A. Saturday
B. Monday
C. Wednesday
D. Friday
Question 3: 5 points
You land in an emergency room with a serious condition and your fate lies in the hands of the doctor you draw. Which characteristic doesn’t seem to matter in terms of doctor skill?
A. Attended a top-ranked medical school and served a residency at a prestigious hospital
B. Is female
C. Gets high ratings from peers
D. Spends more money on treatment
Question 4: 3 points
Which cancer is chemotherapy more likely to be effective for?
A. Lung cancer
B. Melanoma
C. Leukemia
D. Pancreatic cancer
Question 5: 5 points
Half of the decline in deaths from heart disease is mainly attributable to:
A. Inexpensive drugs
B. Angioplasty
C. Grafts
D. Stents
Question 6: 3 points
True or False: Child car seats do a better job of protecting children over the age of 2 from auto fatalities than regular seat belts.
Question 7: 5 points
What’s the best thing a person can do personally to cut greenhouse gas emissions?
A. Drive a hybrid car
B. Eat one less hamburger a week
C. Buy all your food from local sources
Question 8: 3 points
Which is most effective at stopping the greenhouse effect?
A. Public-awareness campaigns to discourage consumption
B. Cap-and-trade agreements on carbon emissions
C. Volcanic explosions
D. Planting lots of trees
Question 9: 5 points
In the 19th century, one of the gravest threats of childbearing was puerperal fever, which was often fatal to mother and child. Its cause was finally determined to be:
A. Tight bindings of petticoats early in the pregnancy
B. Foul air in the delivery wards
C. Doctors not taking sanitary precautions
D. The mother rising too soon in the delivery room
Question 10: 3 points
Which of the following were not aftereffects of the World Trade Center and Pentagon attacks on September 11, 2001:
A. The decrease in airline traffic slowed the spread of influenza.
B. Thanks to extra police in Washington, D.C., crime fell in that city.
C. The psychological effects of the attacks caused people to cut back on their consumption of alcohol, which led to a decrease in traffic accidents.
D. The increase in border security was a boon to some California farmers, who, as Mexican and Canadian imports declined, sold so much marijuana that it became one of the states most valuable crops.
Answers and Scoring
Question 1
B, Cable and satellite TV. Women with television were less willing to tolerate wife beating, less likely to admit to having a “son preference,” and more likely to exercise personal autonomy. Plus, the men were perhaps too busy watching cricket.
Question 2
A, Saturday nights are the most profitable. While Friday nights are the busiest, the single greatest determinant of a prostitute’s price is the specific trick she is hired to perform. And for whatever reason, Saturday customers purchase more expensive services.
Question 3
C, One factor that doesn’t seem to matter is whether a doctor is highly rated by his or her colleagues. Those named as best by their colleagues turned out to be no better than average at lowering death rates–although they did spend less money on treatments.
Question 4
C, Leukemia. Chemotherapy has proven effective on some cancers, including leukemia, lymphoma, Hodgkin’s disease, and testicular cancer, especially if these cancers are detected early. But in most cases, chemotherapy is remarkably ineffective, often showing zero discernible effect. That said, cancer drugs make up the second-largest category of pharmaceutical sales, with chemotherapy comprising the bulk.
Question 5
A, Inexpensive drugs. Expensive medical procedures, while technologically dazzling, are responsible for a remarkably small share of the improvement in heart disease. Roughly half of the decline has come from reductions in risk factors like high cholesterol and high blood pressure, both of which are treated with relatively inexpensive drugs. And much of the remaining decline is thanks to ridiculously inexpensive treatments like aspirin, heparin, ACE inhibitors, and beta-blockers.
Question 6
False. Based on extensive data analysis as well as crash tests paid for by the authors, old-fashioned seat belts do just as well as car seats.
Question 7
B, Shifting less than one day per week’s worth of calories from red meat and dairy products to chicken, fish, eggs, or a vegetable-based diet achieves more greenhouse-gas reduction than buying all locally sourced food, according to a recent study by Christopher Weber and H. Scott Matthews, two Carnegie Mellon researchers. Every time a Prius or other hybrid owner drives to the grocery store, she may be cancelling out its emissions-reducing benefit, at least if she shops in the meat section. Emission from cows, as well as sheep and other ruminants, are 25 times more potent as a greenhouse gas than the carbon dioxide released by cars and humans.
Question 8
C, the 1991 eruption of Mount Pinatubo in the Philippines discharged more than 20 million tons of sulfur dioxide into the atmosphere, which acted like a layer of sunscreen, reducing the amount of solar radiation and cooling off the earth by an average of one degree F.
Question 9
C, doctors not taking sanitary precautions. This was the dawning age of the autopsy, and doctors did not yet know the importance of washing their hands after leaving the autopsy room and entering the delivery room.
Question 10
C, the psychological effect of the attacks caused people to increase their alcohol consumption, and traffic accidents increased as a result.
Scoring
32-40: Certified SuperFreak
25-31: Freak–surprises lay in wait for you
16-24: Wannabe freak–you’ve got some reading to do
1-15: Conventional wisdomer–you’re still thinking in old ways
I like this quote . . .
“Experience should teach us to be most on our guard to protect liberty when the government’s purposes are beneficent. Men born to freedom are naturally alert to repel invasion of their liberty by evil-minded rulers. The greatest dangers to liberty lurk in insidious encroachment by men of zeal, well-meaning but without understanding.”
- Louis D. Brandeis (1856-1941), U.S. Supreme Court Justice Dissenting, Olmstead v. U.S., 277 US, 438 (1928).
and this quote, which I expect to use soon. . . .
“The modern definition of ‘racist’ is someone who is winning an argument with a liberal.”
- Peter Brimelow
Just got back. Voted for the eye candy.
[220] ruggles
eye candy???
Which race were you voting in?
[206] morpheus
This is for you. The Lawyer’s Prayer. I had to google it because I forgot how it went:
“”Stir up great strife amongst Thy people, Lord, lest Thy servant perish.”
[217] chifi
I did not read either book. I only scored in the wannabe freak range.
Damn question on hookers threw me. Guess I don’t get out enough.
is the radical right nervous about tonight?
215 Confused
I agree. No one can beat the Anti-Messiah or his Anti-Acolytes.
I feel the same way about Bloomberg.
Eyewitness report from Geneva: elections are to be held about 3 weeks from now. With zero knowledge of French, it looks like the main battle is between those that oppose constructions of the minarets in the city and those that tell there are other problems in the city life, as well. Tons of unbelievably ugly old h00kers on a quarter mile walk between the place of business and my fancy hotel; I think they may be one problem. Obviously, RE (should be affected by the minarets, don’t know which way - if the buyers are from the Middle East, then positively) is the other.
Voted for Daggett by mail, last week.
kettle1 says:
November 1, 2009 at 9:09 am
had a hilarious chat with a cop the other day. Happened into a random chat with a cop and happen to ask him what caliber he carried. He preceded to say he carried a smith&wesson .40. But that he had been told it wasnt a very good gun. I asked why he thought that. he responded that he didnt know if it was any good some guy at the barracks who was a “gun nut” told him that and that he really didnt know much about them.
Ket, when i bought my sig sauer, the cop was practically drooling. he said, ‘what’d you get’ and i told him and he seemed blown away because it’s better than what he carries.
still haven’t settled on a shotgun yet, though. what shotguns are police-issued?
Just got back from casting my protest vote for Gov and my Yes vote for an elected school board. As I am pretty sure the booths here in Montclair sound some sort of silent alarm any non Corzine/No vote, I expect the vans to be arriving shortly to deport us. It was nice knowing y’all.
Gator and I just pre-qualified for a mortgage on our next home. The loan peddler said our credit report was hang-on-the-refrigerator worthy. Yeah!
Now time to lowball!
corzine is going down
Good luck Stu and Gator.
Looks like the big guy has some punch.
You can’t make this stuff up.
http://www.smh.com.au/world/obese-man-dies-after-refusing-xray-at-zoo-report-20091104-hvli.html
Corzine sinking…Nice!
See? He really was THAT bad.
NY Times:
37% reporting
http://elections.nytimes.com/2009/results/new-jersey.html
Candidate Party Votes Pct.
Christopher J. Christie Rep. 468,654 52.4%
Jon S. Corzine Dem. 367,819 41.1 Incumbent
Christopher J. Daggett Ind. 50,010 5.6
This is why we have so many immigrants in NJ. The corruption and nepotism we offer makes people from all over the world feel right at home.
http://www.smh.com.au/world/gang-godmother-who-kept-16-lovers-jailed-for-18-years-20091104-hvlb.html
222:
A beautiful prayer, indeed.
He- zimmer wins.
No poopie party for Raia.
44% reporting Governor
Governor Candidate Party Votes Pct.
Christopher J. Christie Rep. 514,692 49.3%
Jon S. Corzine Dem. 460,120 44.1 Incumbent
Christopher J. Daggett Ind. 58,825 5.6
Stan,
Good to hear. Glad Mason lost too. More because of some of the a-holes associated with her campaign than anything she did.
If the precincts controlled by the Democratic machine haven’t reported yet, Corzine’s going to win.
Will Carla K be on the stage with Jonny C when he concedes?
Safe - The cities almost always report last. The big question is if Corzine can rack up the margins he needs to there. That’s a big IF.
It’s not over until the fat man sings.
I am looking forward to reading all of you who are so enamored of Chris Christie bashing him when he does as good a job at borrowing-and-tax-cutting our way into bankruptcy over the next four years.
# Gator,
Christie’s lead is now down to 4%. Looks like 4 more years of Corzine.
At 9:14 pm, with all polling places counted, the referendum on the elected school board in Montclair has failed. 42.34% voted Yes, 57.66% voted No.
“…Can’t buy me love….”
How is it that an entire state can get votes counted more quickly then one city?
PGC: “IF the NJ race is close (i.e < 3pts) the GOP will load the helicopters full of paper and”
I love your and NPR’s propaganda. ACORN has been stealing election for years and it has been Dems who are always taking it to courts and “finding” the necessary votes.
I’m pretty sure Corzine takes this. GOP needs to win by double-digits (real votes) in order to overcome ACORN fix. Looks like in Virginia even ACORN gave up.
Anyway, enjoy your taxes in NJ, suckers. Union leeches deserve their pay rises and pensions!
Candidate Party Votes Pct.
Christopher J. Christie Rep. 822,518 49.9%
Jon S. Corzine Dem. 722,070 43.8 Incumbent
67% reporting
250. Jamil if the big guy wins will you lighten up a bit?
Candidate Party Votes Pct.
Christopher J. Christie Rep. 877,888 49.8%
Jon S. Corzine Dem. 774,167 43.9 Incumbent
71% reporting
NJN just said that AP is calling it for Christie.
Have to love the drones in Essex county….
http://www.essexclerk.com/election/Election%20Result_dtl.htm
CORZINE 108,484 66.43%
CHRISTIE 46,230 28.31%
The problem for Christie is that the efficient Republican districts report quickly and the bastions of corruption tend to report more slowly. A cynic would say that is so the ones who are inclined to manufacture results out of whole cloth know what number to report. But that is just the cynics.
According to News 12 NJ, AP has called it for Christie
AP announcing Christie wins
Christie more than made up the Essex County gap in Ocean. I heard he was up by 75,000 votes there.
Looks like the difference in real votes is too big for ACORN and Hudson county?
Man, somebody at ACORN is going to get fired.
Next time the Acorn people should hit the morgues for votes.
“Corzine sinking Nice”
Even better is that by throwing his weight behind the Democratic candidates in NJ and VA, and both of them appearing to have lost, it further tarnishes B.O.’s image as someone to be feared. At this point, he is going to look even more like a spent force and his legislative priorities will be less important to congress than their own as he starts looking like someone who will be on the spearers’ circut two elections from now and not in the WH. One can hope, anyway.
Out of little ACORNs corrupt politicians spring.
Fox just called it for Christie
wow
the big fat gov is finally a reality.
Now what these whiners are gonna say if he doesn’t deliver.
Candidate Party Votes Pct.
Christopher J. Christie Rep. 942,073 49.4%
Jon S. Corzine Dem. 843,047 44.2 Incumbent
80% reporting
CNN calls it for Christie
Now what these whiners are gonna say if he doesn’t deliver.
Kick him to the curb and give the new candidate a chance at change.
a few outlets are reporting Christie has won!
a stunning upset!
Green Acres funding looks like a lock too..
We just borrowed $400 million? What recession.
“a few outlets are reporting Christie has won”
President Gore says we should wait a little longer to see.
sx (252)-
Fat chance. Jamil is both tedious and myopic.
He is a perpetual, self-contained machine that cranks out straw man after straw man.
Candidate Party Votes Pct.
Christopher J. Christie Rep. 986,937 49.2%
Jon S. Corzine Dem. 894,376 44.6 Incumbent
87% reporting
How bad is Corslime, that he’s one of the richest guys in the US, an incumbent and can’t buy an election in one of the most rigged up states in the country against possibly the worst candidate for high office in history.
Amateur night is about to start for real now.
Nom,
This is one of the best statements in the Olmstead dissent:
“Discovery and invention have made it possible for the government, by means far more effective than stretching upon the rack, to obtain disclosure in court of what is whispered in the closet.”
Repugs doing fairly well tonight- along with TPTB calling in their markers- should deep six healthcare…probably for good.
I’d really like to see an honest shot taken at creating a national healthcare system (yes, even the anarchist Clotpoll believes universal healthcare is a right, not a fungible commodity); however, that honest shot can’t be taken by a Congress and executive so badly tainted by the influence of narrow interests and mega-money.
You don’t give the Porsche keys to a 16 y/o. And, you just can’t let the current crop of dopes in DC legislate on anything of real substance.
Perhaps Congress can do better sticking to issues like head injuries in the NFL.
Christie is no great shakes and it remains to be seen if he has the b@lls to throw himself into the task of REALLY addressing the root causes of the problems plaguing NJ state government. If he does not take drastic action in the first 30 days, he will turn out to be just another failed NJ governor, of no long-term consequence.
Even if that comes tp pass, he may have helped blunt the Obama legislative push. B.O. used every tpol he had to try and save King Jon and failed. He failed in VA too. Has anyone heard about that special election in northern NY, where B.O. prevailed in last year’s election and the GOP fired their candidate and endorsed the Conservative candidate and then the fired candidate endorsed the Democrat?
Heard Harry Reid is backing off healthcare getting done before the end of ‘09.
Is this true?
“yes, even the anarchist Clotpoll believes universal healthcare is a right, not a fungible commodity”
Wow! I am to the right of you on an issue.
Tubby is a political lightweight no doubt. He’ll get in there and start handing out favors like the rest of the douchebags in Trenton, but at least King Jon’s loss a stab at the heart of the Hudson County Democriminals.
bergs: Christie didn’t promise anything, so there is nothing to fail. He ran a non-campaign.
265.bergen guy says:
November 3, 2009 at 10:22 pm
wow
the big fat gov is finally a reality.
Now what these whiners are gonna say if he doesn’t deliver.
DING DONG!!! THE BEARD IS DEAD!!!! THE WICKED WICKED BEARD IS DEAD!!!!!
“Corzine/Obama” loses.
Meanwhile, Harry Reid says that results mean that health care industry must be nationalized asap.
shore: Wait, did you ask his definition of universal healthcare? I think part of it may include Youth In Asia.
279.Shore Guy says:
November 3, 2009 at 10:48 pm
“yes, even the anarchist Clotpoll believes universal healthcare is a right, not a fungible commodity”
Wow! I am to the right of you on an issue.
btw, what should ACORN do with 100,000 Corzine ballots?
Sell them in eBay or re-use them in 2016?
sure thing, he didn’t promise anything except.
- no more taxes
- no more deficits
- no more unemployment in the state.
expectation need not be explicit in these type of election, but he will be very lucky if economy picks up in 3-4 years. He may well be credited with the potential recovery if we see any.
Good luck Christie, good luck NJ. We got the biggest governor in the nation.
great. 1 more thing the nation can laugh at NJ for. corruption, pollution, and now the lardest gov in the US.
I have to admit, I had zero confidence that NJ citizens would actually toss anyone backed by the unions. As someone here said, you start out with a major deficit whenever you run in opposition to them. People in NJ must be really sick of the status quo based on this result.
Any chance the we stop having sales tax on junk food with the big man in office?
Big Poppa
CNN main page showing Christie exiting what looks like a diner, and the headline “A big night for the GOP.”
Bias? Fat jokes? Coincidence?
More on the “big” theme, from the Associated Press….
GOP sweep: Big governor victories in Virginia, NJ
http://news.yahoo.com/s/ap/us_election_rdp
His lips are moving…..
http://www.politico.com/politico44/perm/1109/tuned_out_c3071f29-4d59-43b7-bd9d-60b15b03a038.html
Hours after urging reporters not to draw sweeping conclusions from Tuesday’s gubernatorial elections in New Jersey and Virginia, White House press secretary Robert Gibbs told POLITICO President Barack Obama wasn’t even keeping an eye on the results.
“He’s not watching returns,” Gibbs said.
#277 Agreed. I was happy for about two seconds til I realized what a difficult job he’s really facing. What IS the solution?? Consolidate the school systems, eliminate huge numbers of government workers and tell them sorry, the state can’t pay for your pension after all? Does any of that have any chance of happening? And if Christie fails, will his failure be used by the Dems in the midterm elections?
safe -I’ll want in on the Christie death pool. Unless he drops a few pounds he’ll be lucky to finish out his first term.
Ocean County Represent!
Ocean 384/384
53,628 Communist 28%
123,882 Freedom 66%
Dont mess with the Garrison!
From my Cold Dead Hands!
http://www.youtube.com/watch?v=-61a8hKcUCc
Fat is the new black.
Ironic that Corzine could have spent $1 and been re-elected if he stood up for the taxpayers from day one. People really liked him.
#298 d2b
Then they got to know him.
Regarding Healthcare being a right.
Watch me on TV on Thurs Nov 5th at noon in DC. Im hunting Rat Face Pelosi.
300!
#294
What do you mean “if” Christie fails? There’s really no hope here–except for the Dem running for governor in 2013.
A new international climate change treaty is very unlikely to be signed at the Copenhagen talks next month, Ban Ki-moon, UN secretary-general, signalled on Tuesday, saying people had to be “realistic” about what could be achieved.
He said he hoped for a “very strong binding political commitment” that could be turned into a treaty in the first half of next year.
Mr Ban warned however that although there had been “significant” progress, there were still very important issues to be resolved. For example, the European Union’s proposal for developed countries to pay poor countries €100bn ($146bn, £90bn) a year to fight climate change, and other similar ideas, were a “good start” but not enough.
http://www.ft.com/cms/s/0/cecd1256-c8a2-11de-8f9d-00144feabdc0.html?ftcamp=rss&nclick_check=1
Monmouth Co goes 66:29 for Christie. Thank you neighbors!
Congrats, Shore. Now, we just wait and see. The math with deficit and “reduction” in taxes doesn’t add up yet.
I’ll throw in some bitter bitching… If someone in NJ now criticizes the governor, will it be back to “love it or leave it, you anti-americans [anti-NJ'ers]“?
S
James #300: You DO realize that violent threats against a public official are a federal offense, don’t you?
Once again the Nintendo Wii is one of the hottest gifts this Christmas, they’re selling out fast. I found mine at http://www.efoundit.com/
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