More than a million short sales

From Mortgage News Daily:

HOPE NOW: Short Sales Top 1 Million

HOPE NOW, the voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers and non-profit counselors, reported that its participants completed an estimated 75,968 permanent loan modifications during August. An additional 16,509 modifications were completed through the Home Affordable Modification Program (HAMP). So far this year 400,285 homeowners have received proprietary modifications and HOPE NOW has processed an additional 143,320 through HAMP.

Short sales, which were virtually non-existent in the early days of HOPE NOW, have grown steadily over the last 2-1/2 years and the program is now utilizing these sales at nearly three times the rate it is putting loans through HAMP modifications. There were 39,559 short sales completed in August, a total of over 1 million since December, 2009.

Since 2007 HOPE NOW has enabled 4,678,514 homeowners to obtain proprietary loan modifications and 1,076,747 to obtain relief through HAMP for a total of 5.75 million modifications.

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146 Responses to More than a million short sales

  1. Neanderthal Economist says:

    Buy now or be priced out forever.

  2. Mike says:

    Good Morning New Jersey

  3. Mike says:

    Gary an episode of The Little Rascals that was never seen http://www.youtube.com/watch?v=GRbgFGkH3IE

  4. Ernest Money says:

    It’s all rotting from the inside out. All the ancient plagues will be visited upon us.

  5. grim says:

    Econogeeks, get out your pencils, it’s about to get interesting… From Bloomberg:

    N.J. Democrats Seek to Bypass Christie on Minimum Wage

    Democrats who control the New Jersey Senate are looking to circumvent Governor Chris Christie to get a minimum-wage increase passed by taking the question directly to voters.

    A measure approved today on a 7-6 vote by the Senate’s budget panel seeks a constitutional amendment that would raise the state’s minimum wage to $8.25 an hour from $7.25 beginning in 2014 and tie future increases to the U.S. Consumer Price Index.

    “Governor Christie simply did not agree with us on this issue, so we took him out of the equation,” said Senate President Steve Sweeney, a Democrat from West Deptford. “The governor and I have worked together on several important issues, but on this fundamental issue, he’s out of touch with the needs of working-class New Jerseyans.”

    Assembly Speaker Sheila Oliver, a Democrat from East Orange, is sponsoring a bill that would accomplish the same goals as Sweeney’s resolution through legislation instead of an amendment.

    “It’s the right thing to do,” Oliver said of a higher minimum wage. “It’s why I continue to want to see the Assembly- approved bill sent to the governor so we can see what he decides and determine the next step.”

  6. Comrade Nom Deplume in PA says:

    [53] cobbler,

    I can appreciate that Europeans tolerate higher gini coefficients but that is just the start of the discussion. Europeans also have lower productivity, a radically different tax structure, different trade policies, and a societal acceptance of government parens patria that even US liberals would be loathe to accept. Yes, the idea of tax policy is to gather the most down with the least amount of hissing (to paraphrase Mill) but merely stating that Europeans accept higher taxes and still show up for work doesn’t mean that we fab replicate that without some really uncomfortable systemic change, or that eurosocialism is the ultimate goal of US progressives. Further, you assume that eurosocialism is a goal that should be deemed acceptable to americans; I happen to believe that most Americans would not accept the lifestyle changes, including changes to our constitutional structure, that adoption of a danish or Swedish regime would cause.

    I am willing to have that discussion. You start.

  7. Ernest Money says:

    plume (6)-

    Get ready for the sound of crickets chirping.

    Besides, everybody knows that the giant welfare recipients in Amerika have already been designated: the banksters and giant corporations. They have also solidified their designation by taking over the entire gubmint.

  8. The Original NJ ExPat says:

    Buy now or be priced out forever later.

  9. Comrade Nom Deplume in PA says:

    [5] grim,

    Classic.

    I seem to recall someone here (Joyce?) telling me to take off my blinders when I suggested that the Assembly dems weren’t willing to work with the Fat Man.

  10. Comrade Nom Deplume in PA says:

    [7] money,

    I disagree. Cobbler is as likely to engage as not. I hope it isn’t just snark.

  11. grim says:

    Wow, Pandit resigns

  12. JJ's B.S says:

    Citigroup CEO Vikram Pandit resigns
    REUTERS — 8 MINUTES AGO

    NEW YORK (Reuters) – Citigroup Inc Chief Executive Vikram Pandit has resigned effectively immediately, the company said on Tuesday in a statement from Chairman Michael O’Neill. (Reporting by David Henry in New York; Editing by Gerald E. McCormick)

    I always hated that guy

  13. grim says:

    From MarketWatch:

    U.S. consumer inflation climbs 0.6% in September

    U.S. consumer prices jumped 0.6% in September, the Labor Department said Tuesday, mostly because of higher gas costs. So-called core prices, seen as a better gauge of inflationary trends, rose a seasonally adjusted 0.1% for the third straight month. The core figure strips out volatile food and energy costs. Economists surveyed by MarketWatch had forecast a 0.5% increase in the main CPI and a 0.2% advance in the core rate. Consumer prices have risen an unadjusted 2.0% over the past 12 months, up from 1.7% in August. The core rate has also risen 2.0% in that span, up from 1.9% in the prior month.

  14. The Original NJ ExPat says:

    [12] Is the earnings statement signed?

  15. The Original NJ ExPat says:

    [13] The core figure strips out volatile food and energy costs of things consumers have to buy, reflecting only the prices of things they might buy if they have any money left over after paying for food and energy.

  16. All Hype says:

    “U.S. consumer prices jumped 0.6% in September, the Labor Department said Tuesday, mostly because of higher gas costs.”

    Thank God no one really needs to buy gas.

  17. JJ's B.S says:

    Bosses Day. You folk need to buy your great boss a free lunch.

    SS Raise day. Seniors should be getting 1%, now they can buy an extra large bag of friskies to make it through the winter.

  18. Fast Eddie says:

    Mike [3],

    I’ll check it out from home. :)

  19. The Original NJ ExPat says:

    [13] more succinct:

    The core figure strips out volatile food and energy costs of things not made in China.

  20. grim says:

    Looks like massive decreases in Nat. Gas, -10.7%, and smaller declines in Electricity, -1.5%, keeping CPI tamer than it would have been.

    http://www.bls.gov/news.release/cpi.nr0.htm

  21. All Hype says:

    Grim (20):

    Looks like the price of natural gas is on the upswing.

    http://www.wtrg.com/daily/gasprice.html

  22. Fast Eddie says:

    Hillary taking one for the team, how sweet of her. And we’re lead to believe her boss didn’t know a thing. Biden said he and the empty suit didn’t know. So, it’s not the administration’s fault… how convenient. I guess either they hide stuff from the boss or the boss has no control over the matrix that reports to him. Which is it?

  23. The Original NJ ExPat says:

    gini coefficients? I’m waiting for a JJ story about bridge and tunnel girls and excess lube.

  24. JJ's B.S says:

    Social Security checks to rise 1.7% in 2013

  25. chicagofinance says:

    Absolutely pathetic…..I say a mistake by the Axelrodupthea55…….O-man should just stand up and take it. Instead, he takes something that could end up being talked through, and makes it a referendum on the fact that he refuses to take responsibility for anything……

    Fast Eddie says:
    October 16, 2012 at 8:55 am
    Hillary taking one for the team, how sweet of her. And we’re lead to believe her boss didn’t know a thing. Biden said he and the empty suit didn’t know. So, it’s not the administration’s fault… how convenient. I guess either they hide stuff from the boss or the boss has no control over the matrix that reports to him. Which is it?

  26. chicagofinance says:

    I say job complete….off to other things….

    grim says:
    October 16, 2012 at 8:24 am
    Wow, Pandit resigns

  27. grim says:

    Treasury Secretary? (nah, not a chance)

  28. Fast Eddie says:

    chicagofinance [25],

    He runs and hides from everything…. everything. Yet, he’s asking the American people to give him just another chance. Do any of his constituents take a step back and actually see this guy has zero leadership? He’s a con man… and actor in his own reality show simply enjoying the role of make-believe along with the entitlements that go with it.

  29. Comrade Nom Deplume in PA says:

    [27] grim,

    For some time, I had a feeling that treasury has been much more hands on in the tarp banks than thought. The tin foil hat is telling me that there has been something of a pogrom going on for awhile and that Pandit is just the latest casualty. Even b4 pandit, I felt that there was an effort to force out bank leadership nationally and coerce banks into a public utility role. It’s one reason I decided not to get back into bank stocks; they’ll be crappy investments for years.

    Of course, the tin foil hat may also be saying Gryffindor.

    I can’t point to any smoking gun of course. But when I have suspicions of this sort, they are usually correct.

  30. JJ's B.S says:

    I doubt Pandit is even a US citizen or born in the USA. Any other country he would be serving me a Slurpee. Even the head of FDIC was shocked they let that bozo run a bank.

  31. occasional lurker says:

    straightforward explanation of Romney tax plan

    http://www.romneytaxplan.com/

  32. Comrade Nom Deplume in PA says:

    [30] JJ

    He was a default candidate. Even Chuck Prince was a default candidate. I remember him as GC; decent enough guy and knew his stuff but I would have never cast him as a CEO, even on an interim basis.

  33. Comrade Nom Deplume in PA says:

    Is it any wonder we are confused?

    http://crfb.org/sites/default/files/Tax_Reform_Reducing_Tax_Rates_and_the_Deficit_0.pdf

    I saw that Bowles is on the both sides of the debate over Romney’s tax savings from ending tax expenditures. Will have to compare this to the 4% report (when I get the time).

  34. Comrade Nom Deplume in PA says:

    [31] lurker

    Funny. I think that they retasked that webpage. It used to be the one where you tried to learn what Change we were really in for.

  35. occasional lurker says:

    …because once we got healthcare for millions (and millions) that didn’t have it, it was a reality, not a change to look forward to.

  36. Comrade Nom Deplume in PA says:

    [35] lurker,

    Careful for what you wish for. You just might get it.

  37. Comrade Nom Deplume in PA says:

    [36] redux

    And if Obamacare is going to be so good for our country, why will they phase in so much of the meat after the 2012 election? Some of it phases in after the next mid-terms. Why delay all this gratification?

  38. occasional lurker says:

    37 – ha! plate tectonics move faster than government programs. unfortunately the reason is like so health insurance co’s could squeeze just a bit more milk from teet.

  39. grim says:

    NAHB builder confidence ticks up a point to 41. Not much, but sitting at a 6 year high.

  40. Anon E. Moose says:

    lurker [31];

    Still more evidence why we desperately need adult supervision in the White House.

  41. Comrade Nom Deplume in PA says:

    Final thought for the day:

    Rogers would rather invest in Russia than the US:
    http://www.cnbc.com/id/49420446

    I’m waiting to see when Rogers’ name shows up on the quarterly report of individuals who have chosen to expatriate.

  42. Comrade Nom Deplume in PA says:

    [38] lurker

    Objection! Nonresponsive. Move to strike.

  43. Anon E. Moose says:

    Con’t [40];

    I wonder if political activity can be considered federally regulated commerce for Lanham Act purposes. I’d love to see a TRO action for false designation, etc.

  44. Fast Eddie says:

    occasional lurker,

    Can you tell us when we get our ‘Bama phones? I was expecting a pony but I guess I have to settle for the phone.

  45. Essex says:

    22. Really??? Two words: Nine Eleven.

  46. Anon E. Moose says:

    Redux [43];

    That’s “see” as more than a spectator.

  47. Fast Eddie says:

    Florida – check
    Virginia – check
    Ohio – check

    Any questions?

  48. All Hype says:

    Gary (47):

    Obama better show a little more effort tonite or may lose Florida, Virginia and Ohio.

  49. chicagofinance says:

    gary: new child’s name from a upper-haughtyville ‘burb……”Tyger Lily”

  50. Fast Eddie says:

    Oblama’s new name: Paper Tyger

  51. Brian says:

    Love me some obamaphone lady

    http://www.liquidgeneration.com/Obama-Phone-Lady

    yeah baby

  52. Fast Eddie says:

    All Hype [48],

    Can the country endure four more years of this sadness? Then again, he’s a master at setting the agenda to follow instead of lead so maybe that’s what this country has become. We were once lean and fiesty; now we’re dim-witted and chubby.

  53. Brian says:

    31 –
    Classic

  54. Fast Eddie says:

    Brian [51],

    I’ve heard that a million times, isn’t it beautiful? Doesn’t it exactly represent the attitude of the New Amerika?

  55. Ernest Money says:

    Pandit is going to a job as special consultant to the Gambino family.

  56. joyce says:

    (9)
    Comrade,
    If you think my comment regarding you being blind (with respect to your ability to rationalize everything in favor of the red team) was only due to that one comment of yours, you’re kidding yourself.

    When nothing get’s done in NJ or something goes wrong, you’ll say it is the Democrats not willing to work with Christie.
    When nothing get’s done in the USA or something goes wrong AND someone accuses the repulicans of not working with Obama, you will defend the republicans automatically.

    For crying out loaud, you’ve called Paul Ryan a man of deep principle.

    If you can’t see your own hypocrisy, you are hopeless.

    (I despise Obama and the blue team equally as much as the Red)

  57. Ernest Money says:

    gary (54)-

    It’s all over. Whichever one of these chimps wins, everything takes another lurching turn for the worse after the election. You also know that no matter who’s in charge, the worst possible outcome of the “fiscal cliff” drama is also dead ahead.

  58. chicagofinance says:

    JJ: I am listed just two names away from Wayne in my local PTO guide….

  59. Ernest Money says:

    I haven’t seen Boehner cry on TV for a while. Those are my favorite political moments.

    I’d also like to see Bojangles hotboxing a Kool on the WH balcony.

  60. chicagofinance says:

    But I want a cheezeburger…..

    Ernest Money says:
    October 16, 2012 at 11:11 am
    It’s all over. Whichever one of these chimps wins, everything takes another lurching turn for the worse after the election. You also know that no matter who’s in charge, the worst possible outcome of the “fiscal cliff” drama is also dead ahead.

  61. Ernest Money says:

    chi (58)-

    I didn’t think your town let bitter renters into the PTO.

  62. chicagofinance says:

    lolz

  63. chicagofinance says:

    Bitter renters drink Coors Light splits…..

  64. Ernest Money says:

    chi (60)-

    Vote for Bojangles. He’ll give you unlimited cheeseburgers…with cutter-grade meat and gubmint cheese.

    “But I want a cheezeburger…”

    Argentina, dead ahead.

  65. JJ's B.S says:

    Shadow Inventory, Shadow Demand
    The market just now feels like the last day of summer camp, when everyone tries to hook up; most campers end the ride home staring out the window of Mom’s station wagon. Home-buyers are headed into the holidays feeling the same frustration.
    The result is a relatively new phenomenon. Just as economists have long worried about shadow inventory — the reserve of foreclosures banks haven’t yet put on the market — we now see shadow demand, with hundreds of thousands of would-be home-buyers from 2012 going into 2013 still looking for a place.
    The Conspiracy Theories and the Truth
    But hold up, you say, what about that shadow inventory? For months now, we’ve been duking it out with suspicious readers about whether the banks have been conspiring with one another to dump more foreclosures on the market once prices rise. But every month it has become more clear that the conspiracies are canards.
    True, foreclosures are continuing to rise in the judicial-foreclosure states, where a court runs the foreclosure process. It turns out that foreclosures can be fair or fast, but not both. The states that are fast, like Arizona, mostly shrugged when a resident lost his home in a rigged foreclosure, but now Arizona will recover three years ahead of the states that were fair, like Florida. Nationwide, foreclosures hit a five-year low.
    The Rise of Short Sales
    Short sales, where the bank lets a home-owner sell the place for less than he owes on the mortgage, have been the safety valve. As we predicted more than a year ago, in the most distressed parts of the country there are now three times more short sales than foreclosures. These sales are far better for local real estate prices than a foreclosure, mostly because the home hasn’t been left for dead over 18 months.
    It’s making a big difference: shadow inventory has declined over the past year more than 10 percent. For underwater home-owners who want to stay where they are but just need a lower rate, government programs are finally helping too, as people are now paying off their old mortgages at a rate not seen since 2005.
    Interest Rates Keep Falling
    And interest rates keep falling. One area where we were dead wrong, partly out of some misguided political conviction, was about how long the government could keep rates down. As economists like Paul Krugman never tire of noticing, it turns out the government can keep rates low for a long, long time:

    Interest Rates Are At Historical Lows
    Our Bold Prediction: The Empire Strikes Back
    So if real estate is doing so great, when will it help the rest of the economy? U.S. banks have already benefited, with the two biggest just reporting record profits. Finally, inventory has started to increase in at least one market, Phoenix, as higher prices induce owners to put their homes on the market, which will in turn increase sales volume.
    We think this trend will broaden in 2013. Next year will be the first year in the last seven to begin with a wide consensus that home prices are rising. Given the backlog of people who have wanted to move for years but couldn’t, we think there will be a flood of new listings after the SuperBowl, which will create far more sales and far more jobs in the real estate industry. Already, Redfin is hiring like mad.
    Construction will pick up too. The Federal Reserve just reported not just strengthening home sales but more construction across most of the country. Jobless claims declined sharply last week; consumer confidence still isn’t strong, but posted a five-year high. Political commentators have wondered whether the much-improved unemployment numbers are a statistical fluke or a political conspiracy, but there is a third possible rationale: it’s real estate, stupid.
    Real estate will never grow to the proportions it had at the height of the Bush-era bubble, when it was two and a half times larger than it is today. But it is why things will get better. In fact, it’s why they already have. Life is full of ups and downs, but after four years of bad news from the real estate industry, a few ups are ahead.

  66. Statler Waldorf says:

    One needs only to look at the Gulf Oil Disaster to see the complete absence of leadership from Obama. This national disaster was treated like a mere political inconvenience. It took NINE days, NINE days, before the President spoke to the American people about this disaster:

    April 20: Explosion and fire on the BP-licensed Transocean drilling rig Deepwater Horizon in the Gulf of Mexico. Eleven people are reported missing and approximately 17 injured. A blowout preventer, intended to prevent release of crude oil, failed to activate.

    April 22: The Deepwater Horizon drilling platform, which had been burning for two days, sinks into the gulf. President Obama, after speaking in New York about the significance of financial regulatory legislation, hosts an Earth Day celebration in the Rose Garden.

    April 23: The U.S. Coastguard pronounces 11 Deepwater workers dead after traveling almost 2,000 miles throughout the gulf in search of their bodies. The president and First Lady Michelle Obama travel to North Carolina for a brief vacation, where they enjoy BBQ.

    April 24: Coast Guard Rear Admiral Mary Landry announces that the Deepwater wellhead is spewing crude oil into the Gulf of Mexico. The president and first lady continue to enjoy their vacation in North Carolina.

    April 26: A remote sub fails to stop the leak. Just four days after the explosion, the spill covers an area the size of Rhode Island. After hosting a ceremony for the New York Yankees, Obama travels to Andrews Air Force Base for a game of golf.

    April 28: The National Oceanic and Atmospheric Administration (NOAA) pegs the leak rate at 5,000 barrels a day — up from BP’s claim of 1,000 barrels a day. Obama leaves Iowa and spends the day in Illinois, where he speaks to the owner of a family farm. He then visits a biofuel plant where he picks up mechanical parts and pretends to be interested in them.

    April 29: Louisiana Gov. Bobby Jindal declares a state of emergency, as the spill “now covers a 600-square-mile area” and “is about 16 miles off the state’s coast.” President Obama talks about the spill at the White House, his first public comments on the issue.

    George Carville tore into Obama, calling him out for finger-pointing, and leading from behind:

    May 26, 2010

    The White House is seemingly making an increased show of pressuring BP, but President Obama is facing political heat from within his own party for what some say has been a lackluster response to the oil spill in the Gulf of Mexico.

    The “political stupidity is unbelievable,” Democratic strategist James Carville said on “Good Morning America” today. “The president doesn’t get down here in the middle of this. … I have no idea of why they didn’t seize this thing. I have no idea of why their attitude was so hands off here.”

    Carville said the Obama administration’s response to the BP oil spill has been “lackadaisical,” and that rather than place the blame on the previous administration, it should’ve done more to deal with BP and “inept bureaucrats,” which would’ve in turn helped boost Obama’s approval ratings.

    “The president of the United States could’ve come down here, he could’ve been involved with the families of these 11 people” who died on the offshore rig, Carville said. “He could’ve demanded a plan in anticipation of this.”

    “It just looks like he’s not involved in this,” an angry Carville said on “GMA.” “Man, you got to get down here and take control of this, put somebody in charge of this thing and get this moving. We’re about to die down here.”

    http://abcnews.go.com/GMA/Politics/bp-oil-spill-political-headache-obama-democrats-slam/story?id=10746519

  67. All Hype says:

    Doom (57):

    Totally agree with you. It is going to be a long, slow, and grinding downward spiral after the election.

  68. DL says:

    There’s a listing in Doylestown we’re interested in seeing. Price is 150k above every comparable in its development and 67k above it’s 2005 sale price. My agent calls the owner. Not only is the house a FSBO but the seller is using sq footage in the basement (which is not allowed in PA) to bring down the price per sq foot ratio. Why am I wasting my time with sellers like this?

  69. Essex says:

    What I find amusing is that “if” there were a republican in office all we would hear about is how the stock market took off during this administration. Not jobs, not Libya, and of course the market is key to main street (snicker) …..

  70. Essex says:

    Glass half full or half empty. What people don’t tell you is that there are plenty of people living right this minute with the “ultra violence” that is talked up on this blog. There are plenty of working stiffs who are in their own private Idaho. Heaven or Hell is yours on Earth. Chose which you would like to experience and live it.

  71. Brian says:

    No. I think it’s fun to poke fun at the people living at the extreme left or right but I think most regular people are somewhere in the middle.

    54.Fast Eddie says:
    October 16, 2012 at 11:04 am
    Brian [51],

    I’ve heard that a million times, isn’t it beautiful? Doesn’t it exactly represent the attitude of the New Amerika?

  72. Fast Eddie says:

    Everyone is holding their breath and waiting for the election. If the Mope gets re-elected, we’ll have tepid growth across the board. It’ll be like the kid getting a coloring book for Chr1stmas when he expected an iPhone. If Romney gets elected, job creation will explode by the mere fact an adult is in charge and the market will take off like a rocket. Let’s be f*cking honest and stop the bullsh1t, ok?

  73. Painhrtz - Joe Biden's Teeth says:

    joyce don’t worry revision to UE numbers after the election will unexpectedly go over 9 % and we will need more governement programs to fix the “problem”. F*cking Argentina here we come, thanks to the empty suit and chief.

    Just a question anyone else find Chairman O’s workers paradise campaign posters as disturbing as I do. It is like f*ck it they call me a socialist so why hide it.

  74. Fast Eddie says:

    Painhrtz [73],

    We’re a nation of Kent Dorfmans. Amerikans only recognize an Olive Garden sign and their Faceless Book IDs.

  75. Anon E. Moose says:

    Sx [69];

    What I find amusing is that “if” there were a republican in office all we would hear about is how the stock market took off during this administration. Not jobs, not Libya

    You say that as if the sad state of affairs with ‘jobs’ and ‘Libya’ had absolutely nothing to do with the actions taken by the current occupant of 1600 Penn Ave. Poor Barack, just helplessly adrift on a sea of domestic economic and world events he can neither influence nor understand.

    That is why he must go.

  76. JJ's B.S says:

    That is just because the folks who buy stocks are all voting for Mitt. Serves no point for Obama to say that. Pretty much Obama policies inflated the stock market but the minorities, poor and middle class who are all voting for him dont want to think he bailed out the rich.

    Housing still is a dead investment. The banks, Reits, MBS, home builder stocks etc were a better place to invest your money from 2009 till today then housing. Housing is recovering now partially because PE is sitting on a ton of cash. Look at Realogy its bonds went from ten cents on a dollar to 110 cents on a dollar all with a 12% coupon over last four years. Only now that stuff like that is overvalued and PE flush with cash are they moving to buying actual houses.

    Take Grim for example. He bought I think at the exact moment housing hit bottom like 12 months ago. All the work, costs, mortgage interest, property tax that went into that place. PE thinking from an investment standpoint would rather have bought homebuilding bonds, caught a 30% rise over 12 months and just pay 5% more for house.

    October 16, 2012 at 12:22 pm

    Sx [69];

    What I find amusing is that “if” there were a republican in office all we would hear about is how the stock market took off during this administration. Not jobs, not Libya

    You say that as if the sad state of affairs with ‘jobs’ and ‘Libya’ had absolutely nothing to do with the actions taken by the current occupant of 1600 Penn Ave. Poor Barack, just helplessly adrift on a sea of domestic economic and world events he can neither influence nor understand.

    That is why he must go.

  77. JJ's B.S says:

    who is everyone voting for, Mitt or Obama?

    I have to vote for Mitt, Obama wants to kill me in taxes and Obamacare.

  78. joyce says:

    JJ

    If you can’t tell who everyone on this blog is going to vote for, you’re retard_d.

  79. joyce says:

    Was that a serious statement?

    72.Fast Eddie says:
    October 16, 2012 at 12:04 pm
    Everyone is holding their breath and waiting for the election. If the Mope gets re-elected, we’ll have tepid growth across the board. It’ll be like the kid getting a coloring book for Chr1stmas when he expected an iPhone. If Romney gets elected, job creation will explode by the mere fact an adult is in charge and the market will take off like a rocket. Let’s be f*cking honest and stop the bullsh1t, ok?

  80. JJ's B.S says:

    YEAA, cant wait to pick out my sister wifes. Hey Jets Flight Crew want to move in I have a few openings for wives and you have a few openings. Lets do it.

    joyce says:
    October 16, 2012 at 1:03 pm

    JJ

    If you can’t tell who everyone on this blog is going to vote for, you’re retard_d.

  81. Hello :) Great job. I loved this informative report.

  82. Pete says:

    Joyce,

    I think Poe’s Law has come in to effect….

    http://en.wikipedia.org/wiki/Poe's_law

  83. joyce says:

    like i said, retard_d

  84. Mike says:

    81 JJ Got some great closeups of the flight crew at Sunday’s game when fans in the front row started bailing and we moved in, dam they’re beautiful! Took a picture with one on the field at the 49 ers game when we had to go out and do the chant before the game, that one will be in a glossy 8×10 framed.

  85. Juice Box says:

    JJ as is your vote counts Mitt is no Ronald Regan. He isn’t going to carry NY or NJ.

  86. Essex says:

    75. You think that jobs will be unleashed magically? My guess is that with Romney you will have Christie-esque politics. Public works? Infrastructure? Naw. Don’t need it. Jobs are lost. Never gained. Think corporations will hire? They can hire now. Most of the good ones are sitting on piles of cash. They just figure out how to get more out the folks that they already have. Increase the productivity and then cry “uncertainty” while kinging their CEOs and screwing middle management. That is the “new” America. Eddie/;

  87. Libtard at home says:

    Eddie,

    Markets have done remarkably better under a Dem president than a Repub for like the last 40 years. Though me thinks you thinks that the President somehow has powers over the market.

  88. Libtard at home says:

    Who do you think I’m voting for?

  89. Marilyn says:

    #37 you are 100 percent right. Why delay all the gratification? Very good point!

  90. Juice Box says:

    Tard – The lift from the pits of March 2009, when O man said it was a good time to buy, hey it’s only been a 116% ride up in the S&P. Anyone that took that advice is swimming in it.

    Quote that made headlines only what 6 weeks after the O’s inauguration on Tuesday, March 03, 2009.

    “What you’re now seeing is profit-and-earning ratios are starting to get to the point where buying stocks is a potentially good deal if you’ve got a long-term perspective on it”

  91. Phoenix says:

    [37] Comrade
    And if Obamacare is going to be so good for our country, why will they phase in so much of the meat after the 2012 election? [Some of it phases in after the next mid-terms. Why delay all this gratification?]

    Yeah, I feel the same way about the Romney Voucher Plan. Why phase it in? Why delay all of the gratification? Why a Social Security raise this year if it is really going bankrupt?

  92. Marilyn says:

    #3 GREAT!!!! Laughed my a@@ off!

  93. cobbler says:

    nom[6]
    I will try to respond later, no worry… Unfortunately, have to prioritize things.

  94. JJ's B.S says:

    Mike yep they did that a few weeks. Funny the cards are plain white as if they think we will misspell. or something. BTW that field is a lot bigger than it looks when you are down on it and running with those white cards.

    What section were you in when you moved down to front row?

    I have one of the Jets Flight Crew (Laura) grandparents sitting over my right shoulder this year. So they can hear me. They are in row two but you can still talk to the cheerleaders. I am in row one. So now the cheerleader girl always says hi to me and talks to me too. As if I am like OG with Grandma. Meanwhile now I have to kinda ignore the cheerleaders well at least when her group s there. Also found out I have Welsley Walkers nephew near me. He is in row 4 or something.

    Mike says:
    October 16, 2012 at 1:29 pm

    81 JJ Got some great closeups of the flight crew at Sunday’s game when fans in the front row started bailing and we moved in, dam they’re beautiful! Took a picture with one on the field at the 49 ers game when we had to go out and do the chant before the game, that one will be in a glossy 8×10 framed.

  95. Juice Box says:

    Nom – I guess boozing it up and carousing with women that aren’t your wife is treatment for depression these days.

    http://www.washingtonpost.com/blogs/election-2012/wp/2012/10/16/jesse-jackson-jr-says-hes-not-well/

  96. Mike says:

    JJ When they gave me the blank white card during rehearsal I thought we would get something with a letter on it when doing the real thing but you can’t trust a bunch of tailgaters to spell. I was the letter T. My friend’s tickets are in 131.

  97. The Original NJ ExPat says:

    I registered as a Democrat, at a voter registration drive table in the dining hall at Rutgers in the late 70’s. I thought it was kind of like a religion, you had to be whatever your parents were. Never bothered to change parties, people are always surprised when I tell them I’m a Democrat. My wife is an independent which, in Boston, I think, is a more despised affiliation than being a Republican. I think the majority here thinks that if you are a Republican it’s because you were just born that way. If you’re an independent, they assume you actively chose not to be a Democrat.

  98. Anon E. Moose says:

    Sx [87];

    They can hire now.

    You didn’t read that article posted here a few days ago about Darden restaurants (Olive Garden, et al.) testing out how to limit workers schedules to 28 hours per week MAX. Why do you think they are doing that? (You’d know if you read the piece). Lucky for Obama that part-time for economic reasons isn’t counted in the headline UE number. Two servers doing the work of one lowers the headline UE number; It just is doesn’t do much to pump real money into the consumer economy.

    Obamacare is a five-figure tax on every new 3/4 time employee (since when is 29-1/2 hours full time? Where? Only in Greece, maybe). I don’t think the flood gates open after Nov 7 (businesses aren’t stupid), they open when an Obamacare substitute that small businesses can live with is passed. Until then, we vive la French UE rates.

  99. The Original NJ ExPat says:

    I know a guy who just hates, hates, hates Romney because he’s rich. Same guy also happens to have a BIL who is a wealthy banker, so I think Romney is just a lightning rod for his jealousy. The other day he said this, “I think Obama is OK-ish.” I told him, “That sounds like a ringing endorsement.”

  100. The Original NJ ExPat says:

    LyondellBasell Industries NV (LYB) up another 5% today. I’ve recommended this twice already.

  101. occasional lurker says:

    [100] ringing endorsement? you sound foolish.

    “we love you bachman!!! no, no wait…we love you rick perry!!!! hold on, we meant herman, herman he’s our man if he can’t d….we love newt, we love newt…but we REALLY love santorum!!!! yay rick!!!! huh…what? oh, it’s gonna be f*ckin’ romney??

    like we said all along…romney will save the country!!!!!”

  102. Fast Eddie says:

    Let me clarify: IF the country decides to elect an adult and IF the soc1al1zed medical experience gets put to rest, then the flood gates for jobs will open up. But, if Oblammy care is a permanent part of the new order soc1ety, then we’ve already witnessed the transformation of complacent nation.

  103. The Original NJ ExPat says:

    lurker – Why don’t you go outside and play? You could use the exercise. Maybe over here and make some new friends:

    https://plus.google.com/117458573761796006397/posts

  104. Fast Eddie says:

    occasional lurker [102],

    It beats having p1ss tingles up one’s leg and 0rgasm1c reactions to a paper cl0wn.

  105. Painhrtz - Joe Biden's Teeth says:

    expat I was registered in high school forms came pre filled democrat. So I’m probably registered as one as well.

    when I moved because of Drvers license registration I didn’t have a chane to write in People’s Liberation Front of NJ

  106. The Original NJ ExPat says:

    http://www.enterprisenews.com/answerbook/hanson/x1787479968/Hanson-public-hearing-tonight-on-controversial-political-signs?zc_p=0

    Monica Lewinsky is the latest public figure to be lampooned on political signs outside a Hanson business, despite an order by the town to remove the signs.

    The sign with Lewinsky shows the former White House intern posing with a cigar and saying “I’m voting Republican… The Democrats left a bad taste in my mouth.”

    Lewinsky engaged in a sexual relationship with then-President Clinton that ultimately led to his impeachment on perjury and obstruction of justice charges. He was acquitted.

    The Lewinsky sign was put up Wednesday afternoon on a yellow van outside Sullivans Inc., on Franklin Street, after the Zoning Board of Appeals voted unanimously on Tuesday night to uphold an order for the business to remove political signs from its property.

    The large signs have drawn a lot of attention and, Hanson officials say, violate town bylaws.

    But business owner Robert Sullivan said he found another way to get his political message across: take down the signs and put them up again secured to a 45-foot flatbed trailer and to a yellow van.

  107. raging bull jj says:

    131 over by fireman ed and where Jets are. I have pictures of that. When I did it the Jets emailed me some pictures of us doing it.

    Mike says:
    October 16, 2012 at 3:04 pm
    JJ When they gave me the blank white card during rehearsal I thought we would get something with a letter on it when doing the real thing but you can’t trust a bunch of tailgaters to spell. I was the letter T. My friend’s tickets are in 131.

  108. Essex says:

    99. The GOOD companies. f’ing Olive GArden…

  109. chicagofinance says:

    The End Is Nigh (Big Blue Jersey-Style Edition):

    Giants players cars robbed in New Jersey while beating 49ers
    By DAVID SATRIANO

    The Giants defense had six sacks this weekend suffocating the 49ers offense in a 26-3 win in San Francisco.

    But those weren’t the only sacks the team encountered this weekend as several players’ cars were robbed at the teams training facility in New Jersey while they were cross-country.

    According to an NBC report, early Sunday morning while the Giants were in San Francisco, a handful of players and team officials’ cars were broken into and one was even stolen from the teams parking lot at their training facility in East Rutherford. During road games, the cars are usually left in the lot which has security cameras, but apparently that wasn’t enough to stop the thief.

    While the police would not release the names of the players cars who were burglarized, they did say the stolen car was a 1996 Chevy Caprice. And Giants offensive tackle James Brewer tweeted on Sunday, “Only in Jersey can someone be heartless enough to break into my car while we are in Cali making fans proud.”

    The police said the thief picked the lock on the gate surrounding the lot and that the car doors were unlocked

  110. occasional lurker says:

    don’t let these facts get in the way of your belief that “job creation will explode.”

    “One study said a Romney-like tax plan could create 7 million jobs. The only problem? That was over 10 years, not four years. Worse, the study assumed that a Romney-like tax plan would be completely paid for and would happen in an economy at full employment. Neither is likely.

    The next study was a Citigroup Global Markets effort that projected 3 million energy-related jobs. The only problems? It was over eight years, not four. Oh, and it wasn’t evaluating any of Romney’s policies at all. It was actually looking at current trends and policies — which is to say, Obama’s policies.

    Then there’s the 2 million jobs that a 2011 International Trade Commission report estimated we could create if China stopped violating our intellectual property rights. This study wasn’t looking at either Obama or Romney’s policies, and no one thinks that any U.S. president could get Chinese businesses to respect American patents.

    So Romney’s claim of 12 million jobs over four years breaks down to 7 million jobs over 10 years in an economy that’s already at full employment, 3 million jobs over eight years that have nothing to do with any of Romney’s policies, and 2 million jobs if China suddenly became very, very respectful of U.S. intellectual property laws.

    This is a lot of misreading studies to get to a number that’s pretty easy to reach: According to Moody’s Analytics, the economy is set to add 12 million jobs over the next four years anyway.”

    back to lurking for me. like joyce said:

    joyce says:
    October 16, 2012 at 1:25 pm
    like i said, retard_d

  111. Statler Waldorf says:

    “don’t let these facts get in the way”

    Predictions of future events are not “facts.”

    However, US unemployment at record highs for the past 4 years is a fact.

  112. Anon E. Moose says:

    Sx [109];

    The GOOD companies. f’ing Olive GArden…

    Snob.

    A) If one’s skill set, disposition, and desire (permanently or temporarily) are to be a restaurant server, or line cook, then Olive Garden is probably better than the Greek diner staffed predominantly by illegals.

    B) Why do you think the calculus changes for a start-up business looking to hire its first engineer, sales rep, or bookkeeper? A five-figure each tax on new jobs doesn’t discriminate by industry.

    I guess “GOOD” companies and “GOOD” jobs only come with market-setting salaries and benefits from Fortune 100 companies. ‘Let them eat cake’, huh? Your limousine liberalism is showing.

  113. Anon E. Moose says:

    Con’t [113];

    Your kind of mindset that heavily favors large entrenched interests is just the sort of Corporatism that lefties deride about Romney. Except it’s Chicago Crony Capitalism by the numbers from the Obama White House.

    Speaking of which, another Obama stimulus (read as, taxpayer-bankrolled) “Green Jobs” bankruptcy today in A123.

  114. JJ's B.S says:

    I like the olive garden good eats cheap. plus who wants to work there more than 28 hours anyhow and free food.

  115. Fast Eddie says:

    frequent jerker [112],

    Tell us all about the president’s accomplishments these past 4 years. He’s a f*cking mope, through and through. A tat and muffin top crowd pleaser… a simple bullsh1t artist for a simple-minded crowd. Half the the people walking around are fat and a little stup1d. All he needs to do is dupe a handful more than that into pulling the lever for another scooby snack and he’ll laugh at your @ss for another four years.

  116. JJ's B.S says:

    first prez to put basketball hoop in whitehouse.

  117. Phoenix says:

    Dear TD Bank, It is nice to know that you “take great care to safeguard the security” of my transactions with you. I would also like to thank you for educating me against fraud. F**k you for not being bright enough to encrypt your data tapes before you send them out for transport you cretins. Do your f’n job. How f’n lazy are you??

    “As a financial services company, TD Bank has extensive experience in helping Customers manage and protect their assets. We take great care to safeguard the security of your transactions with us. We also believe that educating you, our Customers, is one of the best ways to help you protect yourself against online fraud and identity theft. ”
    http://www.tdbank.com/bank/security.html

  118. Essex says:

    113. Yes snob. Too many goiod Italian places around northern NJ to ever set foot in one. Also do not see the company as a worthwhile place to grow a career in food services.

  119. Essex says:

    117. You are functionally demented.

  120. Phoenix says:

    Janis Mason is 94. Half of her Social Security payment gets eaten up by her mortgage, home insurance, supplemental insurance and utility bills. Why still have a mortgage at 94?– unless it is a reverse mortgage.

    http://money.cnn.com/2012/10/16/retirement/social-security-benefits-seniors/index.html

  121. Anon E. Moose says:

    Phoenix [122];

    No payments on a reverse mortgage as long as the mortgagor occupies the house.

    If you want to know how much lenders really believe in endless, faster-than-non-housing-inflation house price appreciation, go ask what a reverse mortgage lender will lend to a recent retiree. Turns out they weren’t really drunk, they were just acting like drunks.

    Kind of amazing to me that was written over 5 years ago.

  122. Ernest Money says:

    I’d rather have a viatical settlement than a reverse mortgage.

    Not that I’ve ever owned whole life insurance.

  123. cobbler says:

    nom [6]
    I can appreciate that Europeans tolerate higher gini coefficients but that is just the start of the discussion. Obviously, you mean “lower”, not “higher” (the higher it gets the more is the inequality – zero is utopian communism, one is a king with a million slaves); N. Europe is in 0.2-0.3 range, we are closing up on 0.5.
    Europeans also have lower productivity Disagree, Holland/Sweden/Denmark/Austria have higher GDP (or gross national income, GNI) than the U.S. per capita when measured using atlas method, and are quite close when using PPP approach. http://siteresources.worldbank.org/DATASTATISTICS/Resources/GNIPC.pdf
    If you account for the shorter workweek, they are actually more productive than us on an hourly basis.
    a radically different tax structure What do you like about our tax structure besides creating a job opportunity for you? Everybody agrees that it is a major problem for the economy…
    different trade policies Yes, we’d discussed our differing views on globalization and protectionism before.
    and a societal acceptance of government parens patria that even US liberals would be loathe to accept. Except for some limits on hate speech (related to the historical problems) and strict firearms regulation, I don’t see the reasons to claim that the average Dane is less free than the average New Jerseyan. We push people to quit smoking (which is bad for them and their families) by raising tobacco taxes, they push people to burn less gasoline (which emits CO2 and increases dependency on foreign sources) by raising gas taxes and taxing engine volume.
    Yes, the idea of tax policy is to gather the most down with the least amount of hissing (to paraphrase Mill) but merely stating that Europeans accept higher taxes and still show up for work doesn’t mean that we fab replicate that without some really uncomfortable systemic change No argument here.
    or that eurosocialism is the ultimate goal of US progressives. Dunno, I don’t think they have a united platform (besides obvious things like single-payer healthcare system). Social stuff (abortion rights, gay marriage, etc.) could be as well associated with libertarianism.
    Further, you assume that eurosocialism is a goal that should be deemed acceptable to americans; I happen to believe that most Americans would not accept the lifestyle changes, including changes to our constitutional structure, that adoption of a danish or Swedish regime would cause. Well, people are conditioned to associate the word “socialism” with everything bad – poverty, forced labor, closed borders, etc. (as an example see the commercial by Mr. Peterffi that started this conversation). Certainly, if Gallup’s pollster asks “Do you want to live under Eurosocialist regime?” the huge majority will say “No”. However, if they are asked “Would you rather pay 5% tax and have Medicare for yourself and your family, or you prefer to continue having $400 pulled from your paycheck every month for the private insurance” the answer quite possibly will be “Yes”. Question largely predetermines the answer…

  124. Ernest Money says:

    cobbler, do you think the EU deserves the Nobel Prize in Necronomics as well as the Peace Prize?

    Urrp is a shitpool that will explode in the same old violence over the same centuries-old divisions. Of course, the Danes and Norwegians will be too sedated and full of gubmint cheese to much care about what’s happening with their neighbors.

    However, I think the Swiss may get in there and swing some elbows when the going gets especially hairy.

  125. Ernest Money says:

    Germany produces. The rest of the Eurozone consumes and leeches. End of story.

    It all turns to tears when the Germans exercise their right to call the economic tune. And, they will.

  126. Ernest Money says:

    Classic Nigel Farage. Again, this is a member of the EU parliament:

    http://www.bbc.co.uk/news/world-europe-19920646

  127. cobbler says:

    clot[127,128]
    I think creation of the Euro was a harebrained idea which laid a huge IED under the whole EU system. Hopefully the productive countries (there are quite a few besides Germany- actually, a majority) will be able to able to get out of the crater with only light concussions.

  128. Juice Box says:

    Mitt Romney on gun control = ” no sex until marriage”

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  130. Brian says:

    Nope. Germany loves the PIIGS. They will contine to offer just enough help to keep them part of the eurozone but not enough to solve their prooblems. You see, the PIIGS devalue the Euro vs other currencies…which is actually a good thing for a powerful exporter like Germany…

    Ernest Money says:
    October 16, 2012 at 10:46 pm
    Germany produces. The rest of the Eurozone consumes and leeches. End of story.

    It all turns to tears when the Germans exercise their right to call the economic tune. And, they will.

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  132. Ernest Money says:

    The PIIGs don’t love Germany back. And, if (really, when) the average German asserts his will- which will either happen at the ballot box or in the streets- it’s game over.

    I still think it’s Germany that exits the Urrpzone and leaves the sick wildebeests to die.

  133. Ernest Money says:

    cobbler (126)-

    Do you consider Belgium and France to be healthy members of the Urrpzone?

  134. Ernest Money says:

    Latest Mike Krieger:

    “Interestingly enough, one of the key signposts for the next wave of civil unrest and activism is coming from the employees of Wal-Mart. This is quite fitting considering the company is the largest private employer in the United States with approximately 1.5 million workers. Moreover, the fact it is happening at a company so anti-union makes it sure to have a sizable impact on the American psyche should it continue to grow. The strikes began in 12 states about a week ago, and although it is estimated that only 0.01% of Wal-Mart employees are involved, it is still the first multi-store strike in the company’s history (for a good summary of what is happening, read this Salon article). More significantly, strikers are now threatening stepped up action during Black Friday. Think it is a coincidence that right now in late 2012 is when Wal-Mart workers are pulling off the first such action in 50 years? Think that this is just a one-off situation? Not a chance. The main point here is one I was hammering on in my last piece The Global Spring. You can only push people so far into hardship before things snap. They snapped in North Africa. They snapped in Southern Europe. They snapped in China. They are about to snap here. Oh, and one last thing. What do you think all of this signals for corporate margins?”

    http://libertyblitzkrieg.com/2012/10/11/2131/

  135. Comrade Nom Deplume in PA says:

    [126] cobbler,

    Went to bed early with a cold. Will take up later today.

    My head and throat hurt, but there is a bright side: I missed the debate.

  136. Brian says:

    Looks like Candy Crowley won last night’s presidential debate.

  137. The Original NJ ExPat says:

    tweet from @tpalka:

    Candy Crowley may be fat on the outside but it’s what’s inside that counts. And what’s inside is doughnuts, gyros, milkshakes, chips…

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