From HousingWire:
Why GSE support of low-down payment mortgage is not bad
Not everyone in the industry is on board with the Federal Housing Finance Agency’s recent move to encourage lenders to issue mortgages with down payments as low as 3% due to concerns that it would lead to more defaults.
But based on a review of the performance of low-down-payments of Fannie Mae and Freddie Mac mortgages in recent years, the Urban Institute argues that these fears are not well founded.
Fannie Mae CEO Timothy Mayopoulos announced during the Mortgage Bankers Association’s Annual Convention & Expo that the government-sponsored enterprise will soon begin offering a 97% loan-to-value mortgage.
Freddie will likely follow suit.
“Now we can safely and responsibility do these loans…we reduced the layering of risk,” Mayopoulos said at the time.
However, the GSEs purchased similar loans before.
Prior to late 2013, Fannie guaranteed loans with down payments between 3% and 5%.
…
“Of loans that originated in 2011 with a down payment between 3-5%, only 0.4% of borrowers have defaulted. For loans with slightly larger down payments—between 5-10 percent—the default rate was exactly the same,” the Urban Institute said. “The story is similar for loans made in 2012, with 0.2% in the 3-5% down-payment group defaulting, versus 0.1% of loans in the 5-10% down-payment group.”Instead, default rates are more likely to hinge on a borrower’s credit history.
For example, the report cited that 95-97 LTV loans with a 700-750 FICO score have a default rate of 21.3%, versus 18.2% for 90-95 LTV loans. However, the 95-97 LTV loans with a FICO score above 750 had a 13.5% default rate, much lower than the 90-95 LTV loans with a 700-750 FICO score.
“Those who have criticized low-down payment lending as excessively risky should know that if the past is a guide, only a narrow group of borrowers will receive these loans, and the overall impact on default rates is likely to be negligible,” the Urban Institute said in its report. “If executed carefully, this constitutes a small step forward in opening the credit box.”
Frist
http://www.youtube.com/watch?v=bx2-rtsFS3k#t=86
See, don’t you get it, low down payment mortgages performed just fine in 2011, it’s clear as day, right there, in the data.
Nothing ventured. Nothing Gained. Seriously. Nothing gained.
Mia Love, Born in Brooklyn, daughter of Haitian Immigrants, becomes the first Black Republican woman ever elected to congress.
http://en.wikipedia.org/wiki/Mia_Love
Phony and Fraudy join the effort to slowly turn the Fed’s balance sheet into a septic tank full of rancid, fetid and worthless paper.
How come only Black folk get to be kids of Immigrants? My parents are immigrants yet we get labeled White Bread Honkies.
Toxic Crayons says:
November 5, 2014 at 8:28 am
Mia Love, Born in Brooklyn, daughter of Haitian Immigrants, becomes the first Black Republican woman ever elected to congress.
She is a Black Morman who loves guns god help us.
We have the same gubmint today that we had yesterday: a collection of pandering grifters and thugs.
jj (7)-
You know you’d hit dat.
In any other era in Amerikan history, an organization that includes Rictusface Pelosi, Harry Reid, Ted Cruz and Mitch McConnell would be ended in a fusillade of machine gun fire.
@chelsea_elisa: Tonight Republicans voted in women, blacks, a minority woman, and a disabled man.
Democrats voted in old rich white men. #FlipTheSenate
11 – Now that is how you use twitter.
Must have been a long night for anon and Ottoman. How are they going to reconcile the fact that the racist white people’s party got women, minorities and disabled people elected.
My friend went to Brigham Young he said the Mormans screw like Rabbits in college and one night stands are common. He was not morman but got a scholorship. He was Italian Catholic so he was like a token bath. He was laughing the girl down the hall who had blown a guy the night before told him he was going to Hell when she found out he drinks coca cola. So drinking Coffee or Soda gets you to Hell but swallowing a load is ok.
Liquor Luge says:
November 5, 2014 at 8:36 am
jj (7)-
You know you’d hit dat.
I hit a girl who looked like that once. She even did a stripper dance between rounds while I sat up in bed having a beer. She said guys like that. YEAAAAA guys like that but why dont White girls get that.
Liquor Luge says:
November 5, 2014 at 8:36 am
jj (7)-
You know you’d hit dat.
In Montclair, which describes itself in their want ads as,“The most desirable community in the tri-state region,” a ballot question requiring sick days be paid to anyone who works 80 hours or more in a year, passed with an overwhelming majority. It also had a provision for banking your sick days for future years. Fortunately, such a policy is completely unenforceable and a complete waste of Bluewave time and money. But be careful when hiring a babysitter or nanny cause they just might not show up. And if you don’t pay them for their skipped day, well prepare to be sued.
Gotta love dem progressives.
I’m sure her sons Rabona and Stepover are very proud;-)
Mia Love, Born in Brooklyn, daughter of Haitian Immigrants, becomes the first Black Republican woman ever elected to congress.
http://en.wikipedia.org/wiki/Mia_Love
What does it say when a dem0crat running for office refuses to admit she voted for Oblama?
Associated Press reports that the Massachusetts Attorney General has been staring at this page all morning:
http://www.nndb.com/people/204/000102895/
I dig Mia Love. Besides her pro-life position, I really dig her personal responsibility message. With that said, now that she has become a big Republican player, she will immediately forget why people put their faith in her as she falls in line with the party play book. And it’s a damn shame.
Baa.
And Mr. Market rallies on!
[16] Lib – Tytler proven right in MA too.
BOSTON (AP) — Voters have approved a ballot question that supporters say will give Massachusetts the nation’s strongest requirement for providing paid sick time to workers.
The law will allow workers to accrue up to 40 hours of paid sick time in a given year, earning one hour for every 30 hours worked. Companies with 10 or fewer employees
would be exempt, as would those with more generous sick leave policies already in place.earn an identical amount of unpaid sick time. (my edit because the article is wrong).So every MA employer can count on their employees taking an extra week off each year from now on, much of it paid. There’s your minimum wage de facto raise.
In Montclair, which describes itself in their want ads as,“The most desirable community in the tri-state region,” a ballot question requiring sick days be paid to anyone who works 80 hours or more in a year, passed with an overwhelming majority. It also had a provision for banking your sick days for future years. Fortunately, such a policy is completely unenforceable and a complete waste of Bluewave time and money. But be careful when hiring a babysitter or nanny cause they just might not show up. And if you don’t pay them for their skipped day, well prepare to be sued.
Gotta love dem progressives.
On the bright side, the much needed Keystone Pipeline should finally get going. If one ever wants to see an example of political stupidity, it’s not building that pipeline.
[22] I wonder how many 11 or 12 employee businesses will be getting rid of a couple people and how many 7-10 employee businesses will be hiring less or not at all?
Last Night’s Big Winner: Minimum Wage Increases
“Given how popular the state-level measures were, most conservatives realized that opposing them was futile. Jackson T. Stephens Jr., the chairman of the Arkansas Club for Growth, sued to block his state’s ballot initiative on technical grounds but gave up fighting after the Arkansas Supreme Court rejected his challenge. “This is an overwhelmingly popular initiative,” he told the New York Times. “This thing is going to pass whether I jump up and down or spend all my money.”
@MonikaBauerlein:
Everywhere a minimum wage increase was proposed, it passed.
Eddie #18
It means that she is spineless and deserves to lose. She could have run on Kinect’s popularity and credited Obama for that. What is the use of a leader that doesn’t stand for anything. It’s like 2010 — many blue dog dems got kicked out. “I don’t like my own party’s policies” is not a strong message.
One thing I like and Joyce will indirectly like is that Kathy Donovan, the Bergen County Exec lost.
Donovan is actually a very nice lady. But her stunt to save the Bergen County Police Dept whose chief is her godson left a very bitter Hudson County like taste.
Is not that it was an unneeded agency – aka political connected jobs for hacks. The County has the Prosecutors’ Office, The Sheriff, and another useless Dept – The Palisade Parkway Police which now also will get erased out of existence.
It’s that the county police were greedy pigs and their contract called for having several percent higher pay than the average of the 3 highest paid police department in the county. So their average pay is in the $130,000 + benefits.
The moral of the story is to let the free market speak when it comes to sick days. Dems just love to regulate. Look how great it is working in NJ.
Here’s an example. In our print plant in Union, we have neutralizers which make sure the waste water from our plate processors that get dumped down the drain are neutral in PH. We don’t dump a lot of waste water. Our toilets flushes probably outweigh our plate processor waste water at a ration of at least 10-1. Yet once a month, two EPA guys come by and drop a gauge in a manhole outside of our shop to justify their jobs. In twenty years, we failed once. It came with a whopping $1,000 fine. Of course the equipment we have to purchase and maintain costs us about $2,000 per year. Meanwhile, the effluence we put into the same sewer is not measured even though it is much more polluting. Heck, fertilizing your lawn is many times worse.
When we recently failed our test (due to a bad sensor on our equipment which cost another $1,000 to replace) I asked our plate manufacturer if his other clients had to go through what we do. He said ONLY IN NJ.
It’s one small example of the bigger problem here.
My dad used to have a factory in Bayonne. He employed about 50 people making electrical components such as rectifiers. The EPA drove him to open shop in Brooklyn. This was during the 80s.
Minimum wage increase. Really not a big deal. It will impact so few and will cost so little. But it’s a nice crumb. Meanwhile, friends of Mozillo are still paying off interest free loans and running our country instead of rotting in jail.
Baa.
Listen, you can’t talk about weed, g.ay sex and free stuff for the last six years paid for by people who DID build that and not expect to relinquish power. Especially when your enemies are p1ssing in your face and you’re preventing ev1l corporations from expanding and creating jobs.
Companies will scale back paid vacation days to compensate, this should not come as a shock.
Existing employees may see vacation days clawed back to yield a the same number of net days off to the employer.
As far as I know, there are no laws regarding vacation days paid to employees, or laws preventing them from being taken away.
If I was an employer in this situation, and the additional days off might pose a hardship to the business, this is what I would do. Second to this would be to change the vacation days policy to grant fewer days off for tenure.
So if the local government says I have to give you a sick day, fine, here is your sick day, but I’ll take away one vacation day to pay for it. What, you don’t think money is free do you?
28 – It is illegal to manufacture anything in NJ. The words “manufacture” or “industrial” are verboten to most town councils in NJ, they are bad words, evil. Think I’m joking? Most every master plan across every NJ fiefdom specifically outlines re-use policies for industrial properties to drive them towards non-industrial uses.
Would you like me to share the numerous stories from my own experience? We now go before the Zoning Board of Adjustment in two weeks to plead to the town overlords for permission to run a business. We assume a 50% chance of getting denied, and so we move to another town and try again. Thousands and thousands and thousands of dollars paid to lawyers, planners, architects, and experts.
I suspect I would have an easier time opening a strip club in NJ than manufacturing something. And that’s really only because the local politicians have a clear understanding of how the kickbacks and vigs work in that kind of operation.
Realistically, we’re on town #4. You read that right, town number 4. You are crazy if you think any NJ politician wants business in their town, they don’t. I’ve sat through enough counsel, zoning, and planning meetings to know that the initial impulse of every board is to deny everything, and fight everything tooth and nail. Even crazier, it seems every counsel has a hard on for turning manufacturing properties into self-storage businesses. Why, and how this model can be feasible, boggles my mind. Why a town would think this is a great idea is beyond me. Let’s take a property that can support numerous jobs, convert it into a business which at most employs 2 or 3 people, and this is good? Boggles my mind. Could have probably opened up 7 frozen yogurt stores in the time it’s taken us.
[22]&[24] So I guess every Mom & Pop business in MA now has to build sick time accrual into their payroll systems as well as all the fast food chains. So teenagers working part time that “earn” 1 hour of sick time for 30 hours worked will be getting paid differing amounts for each time they call in sick, depending on how many hours they’ve accrued? It’s not rocket science but I’m sure a lot of businesses will have a hard time with it.
I used to work for a consulting company back in the mid 90’s where we got paid hourly but we accrued vacation time at a rate of 40 hours vacation for every 1000 hours worked, which was pretty cool for back then. The more you worked, the more you got paid (including time and a half for overtime) and the faster you accrued vacation time. When I worked for them they were billing me at $110/hour to EDS and my take was $85/hour. I couldn’t believe that the $165/$127.50 split flew for overtime, but it did. I hadn’t earned 1.5x OT since before I graduated college.
Nothing for nothing, Americans are way overworked compared to other industrialized nations. What’s wrong with giving these people a week off in the year? Are you that much of a scrooge?
The Original NJ ExPat Asian Hipster says:
November 5, 2014 at 9:41 am
[16] Lib – Tytler proven right in MA too.
BOSTON (AP) — Voters have approved a ballot question that supporters say will give Massachusetts the nation’s strongest requirement for providing paid sick time to workers.
The law will allow workers to accrue up to 40 hours of paid sick time in a given year, earning one hour for every 30 hours worked. Companies with 10 or fewer employees would be exempt, as would those with more generous sick leave policies already in place. earn an identical amount of unpaid sick time. (my edit because the article is wrong).
So every MA employer can count on their employees taking an extra week off each year from now on, much of it paid. There’s your minimum wage de facto raise.
In Montclair, which describes itself in their want ads as,“The most desirable community in the tri-state region,” a ballot question requiring sick days be paid to anyone who works 80 hours or more in a year, passed with an overwhelming majority. It also had a provision for banking your sick days for future years. Fortunately, such a policy is completely unenforceable and a complete waste of Bluewave time and money. But be careful when hiring a babysitter or nanny cause they just might not show up. And if you don’t pay them for their skipped day, well prepare to be sued.
Gotta love dem progressives.
35- We are the supreme species on this planet, so how about we act like it and enjoy life a little more instead of always working. What the hell is the point of being the supreme species on this planet if you just compete more and more with your own species. Half of the work performed at jobs is pointless. It’s just to give someone a job. Humans need to re-address how they want to live life and take advantage of their position in the hierarchy of life. There are more efficient ways of running society that would require a lot less work if people would just allow it.
33 – Is opening it in Sussex County out of the question? Have you thought about Newton or is that too far from where you are?
[32] grim – I worked for a company years ago that did exactly that. You just had PTO – Personal Time Off. No distinction between vacation and sick time, it all came from the same pool of accrued time off.
So if the local government says I have to give you a sick day, fine, here is your sick day, but I’ll take away one vacation day to pay for it. What, you don’t think money is free do you?
More evidence of coming wage inflation. Get your heads out of the sand and acknowledge the evidence for what it is. It’s a strong telling sign that wage inflation is starting. Ignore if you want, but the signs are there. Another 3-4 years and wage inflation will certainly be here. The writing is on the wall whether you agree or not. I don’t care that wages were stagnant for the past 30 years. That has nothing to do with wage inflation in the future. The current economic factors say wage inflation will come. The economy CAN NOT GROW or FUNCTION for much longer without it. It’s coming.
anon (the good one) says:
November 5, 2014 at 9:48 am
Last Night’s Big Winner: Minimum Wage Increases
“Given how popular the state-level measures were, most conservatives realized that opposing them was futile. Jackson T. Stephens Jr., the chairman of the Arkansas Club for Growth, sued to block his state’s ballot initiative on technical grounds but gave up fighting after the Arkansas Supreme Court rejected his challenge. “This is an overwhelmingly popular initiative,” he told the New York Times. “This thing is going to pass whether I jump up and down or spend all my money.”
@MonikaBauerlein:
Everywhere a minimum wage increase was proposed, it passed.
Negativity wins the Senate
“Republicans would like the country to believe that they took control of the Senate on Tuesday by advocating a strong, appealing agenda of job creation, tax reform and spending cuts. But, in reality, they did nothing of the sort.
Even the voters who supported Republican candidates would have a hard time explaining what their choices are going to do. That’s because virtually every Republican candidate campaigned on only one thing: what they called the failure of President Obama. In speech after speech, ad after ad, they relentlessly linked their Democratic opponent to the president and vowed that they would put an end to everything they say the public hates about his administration. On Tuesday morning, the Republican National Committee released a series of get-out-the-vote images showing Mr. Obama and Democratic Senate candidates next to this message: “If you’re not a voter, you can’t stop Obama.”
The most important promises that winning Republicans made were negative in nature.
They will repeal health care reform. They will roll back new regulations on banks and Wall Street. They will stop the Obama administration’s plans to curb coal emissions and reform immigration and invest in education.
Campaigning on pure negativity isn’t surprising for a party that has governed that way since Mr. Obama was first sworn in. “
TurdFluffer – Do you even know who Tytler is?
Nothing for nothing, Americans are way overworked compared to other industrialized nations. What’s wrong with giving these people a week off in the year? Are you that much of a scrooge?
I don’t understand it, does the Arkansas minimum wage win even matter? Arkansas minimum wage was previously $6.25 an hour, under the federally mandated $7.25. Goes to $7.50 on January 1st, which is a big 25 cent increase for most, since the federal rate supercedes, the $8 by Jan 2016, which assuming the federal stays fixed, will only be three fat quarters.
Much ado about nothing?
“Bluewave”
Such an appropriate name. As the Bluewave washes over Montclair, the taxpayers get soaked.
#33 – Belvidere NJ WELCOMES manufacturing. There are three medium sized and one large (DSM) manufacturer in town now. Two vacant facilities (in great shape) are available immediately. One would be perfect for your type of operation.
40 – Isn’t that how Obama won, campaigning on the failure of the Bush agenda?
I hope Congress sends bill after bill to Obama, forcing him to veto everything for the next two years. Then maybe we will finally stop hearing about how the Republican “Party of No” is responsible for “gridlock” in Washington.
Don’t get me wrong — gridlock is fine by me, the less the government does the better as far as I’m concerned. But it will be nice to see Captain Blue America saying “No” to everything . . .
46 – Go long golf.
If they ever passed that sick day law in NJ, you bet that’s what I would do – tie sick days and vacation days together. Maybe add 1 day to it all to make the employees feel better about themselves.
My employees take advantage of the current sick day policy, anyway.
http://www.loopnet.com/Listing/18255510/52-Paterson-Ave-Newton-NJ/
The old Chevy dealership, right in the center of town is also for sale.
http://www.loopnet.com/Listing/18255509/41-47-Main-St-Newton-NJ/
44 – Need 2000-6000 square feet of up-to-code open industrial space with at least 20 foot ceilings, natural gas, municipal water and sewer, heat, sprinklers, and a bay door (dock would be nice). Heavy power would be nice, but not critical.
An ideal space would have walk-in access from the front of the building with some kind of office space up front that we would repurpose, and with truck access from the side or rear.
It will need to have sufficient parking to accommodate an incidental limited retail use. We don’t need a freestanding building, but the other uses need to be somewhat compatible depending on what the zoning/planning boards think.
No second story, and the lot can not have any residential units on or attached in any way.
I don’t see anything at all available on Loopnet or the others, what do you have?
You are wrong. Any increase in the minimum wage leads to an increase for every worker above them. This is one of the most important steps in getting wage inflation going. You have to start at the bottom and work your way up. Of course the businesses will all adjust their prices which will lead to an inflationary environment, but isn’t that what we want right now. Inflation to attack the debt. So these debts become more manageable, leading to more confidence in investing since your debt is now less of a concern. The muppets fast eddie always talks about need this. The govts too. Plus, this will get the businesses investing, as inflation will eat away at their cash hordes.
grim says:
November 5, 2014 at 10:26 am
I don’t understand it, does the Arkansas minimum wage win even matter? Arkansas minimum wage was previously $6.25 an hour, under the federally mandated $7.25. Goes to $7.50 on January 1st, which is a big 25 cent increase for most, since the federal rate supercedes, the $8 by Jan 2016, which assuming the federal stays fixed, will only be three fat quarters.
Much ado about nothing?
anon #40…
I am all for liberal policies and would like to see progressives win… That said, do you seriously believe your sentence: “They [GOP] will roll back new regulations on banks and Wall Street.”?
What new regulations are you talking about? There has been no difference between GWB and Obama on this issue. On the issue of drones, Obama is scarier than GWB. On the issue of using fake excuses to start a military campaign, both are on the same page (granted, GWB started a bigger war). It looks like red team vs blue team without really following the game — and even cheering self-goals because “my team scored the goal”!
I can get much better properties for $3.5 million than that Chevy dealership. I suspect that’ll sit a while.
You are wrong. Any increase in the minimum wage leads to an increase for every worker above them.
Says who? In a heavy wage pressure environment it can also very easily lead to wage compression at the low end, where workers with some seniority see their increases limited due to the financial impact of increasing wages for new workers, and the wage delta between brand new workers and workers that have been around 2-3 years becomes near nil.
Grim #32,
That is how companies who already have vacation/sick days will adjust. I think the law will effect business that currently offer no vacation time. I think this would primarily be felt in the restaurant sector.
As someone that works for a company that now has the PTO bank rather then seperate vacation and sick days I can tell you first hand is the incentive is to never call in sick. People drag themselves in nearly dead. Waiters and waitresses do the same thing. Come in sick or lose money? Choice is easy for them.
Hey did you now Chris Christie’s Dad was an Accountant and later in his career he was the Head of Internal Audit At Kidder Peabody. I ran into a guy yesterday from Kidder back in day and he worked for Christies dad
I’m beyond thrilled with the outcome last night. Not only was it completely expected as every single sixth year Presidential term in the last 80 years has seen the Senate flip to the opposite party, and with pretty much the exact same number of seats (look it up dummies, it’s true), but now we get to watch the republicans actually attempt to do something. And bonus, democrats are finally figuring out being neoliberal republican lite pvssies gets them nowhere. Just in time for the country to march left in 2016.
Looking forward to the inevitable passing of a federal personhood bill in Congress next year.
#56
Yep, I’ve worked for three companies in the past 12 years and none offered separate sick days. Two had combined sick and vacation under the guise of PTO. Presumably the number of days would be boosted a bit to compensate for the loss of sick days but they were not.
The best sham is unlimited sick days. I worked for a big company that had that policy and I was only there a year or so, but I never used a day. Dipping into the unlimited days seems like a great way to put a bulls eye on your back.
Richard Branson Announces Unlimited Vacation Policy for Virgin Staffers
SEPTEMBER 24, 2014
If the 9-to-5 workweek is a paradigm of the past, then why do so many businesses still cling to outdated vacation policies? That is the question posed by Richard Branson in an excerpt from his new book, The Virgin Way, where the billionaire announces that staffers at Virgin’s U.S. and United Kingdom headquarters will now receive unlimited vacation time.
Otto,
I remember organizing and running a bus trip to DC in college to celebrate the historic Roe v. Wade decision. As long as the Dems keep on legislating to maintain their base and not to what is actually best for them, the Republicans will continue to do the same for theirs.
Though, deep down inside, I’m pretty sure even some of the most staunch Republicans would not support that personhood bill. It’s one thing to say you support it to get the vote. It’s another thing to actually vote for it. Kind of like Gitmo.
And with that, we return to making fun of each other.
@Forbes:
San Francisco voters approved a minimum wage of $15 across the city yesterday
Branson should worry more about the permanent vacation he put his two orbital pilots on. One is now vacation on the other side. The other will never work another day.
Ottoman want a biscuit! Woof! Woof!
“San Francisco voters approved a minimum wage of $15 across the city yesterday”
What about Oakland where all of the minimum wage workers actually work?
[58] “now we get to watch the republicans actually attempt to do something”
They will. They’ll send bill after bill to Obama, and the chimp in chief will say “No” to everything with his veto pen. It’s gonna be fun. Go long golf, indeed.
When I worked retail, if you were sick, you called someone else to cover for you. These were part time jobs and this came with the territory. If I wanted to be paid for sick time, I would work a full-time job. I’m really not sure what the purpose of this bill is? And I agree, places that let you bank sick time to eventually get paid for it encourages people to work when sick. My company let’s one bank sick time, but it maxes out at 2 weeks. If you don’t lose it, you lose it. This is how it should work.
Good luck with your babysitters and nannies. I guess it’s a good thing they work off of the books.
I was surprised that PBS wasn’t running their usual Election Night coverage, so I was just flipping through the stations last night.
I couldn’t resist turning to MSNBC in time to watch Ed Shultz’s head nearly explode as he talked about Scott Walker winning in Wisconsin.
Time Magazine cover circa 1994
http://www.amazon.com/Time-Magazine-November-G-O-P-Stampede/dp/B00K7OANII
Ottoman says:
November 5, 2014 at 10:50 am
I’m beyond thrilled with the outcome last night. Not only was it completely expected as every single sixth year Presidential term in the last 80 years has seen the Senate flip to the opposite party, and with pretty much the exact same number of seats (look it up dummies, it’s true), but now we get to watch the republicans actually attempt to do something. And bonus, democrats are finally figuring out being neoliberal republican lite pvssies gets them nowhere. Just in time for the country to march left in 2016.
Looking forward to the inevitable passing of a federal personhood bill in Congress next year.
If that business wants to survive, it better pay workers that have been there for 3 years more than its first year employees. The workers will lose motivation and will do everything half ass. The first year employees will see the three year employees making as much as them and will have no incentive to do a good job. They will leave as soon as they find something better for there will be no incentives for them to care about their future at their current job.
grim says:
November 5, 2014 at 10:42 am
You are wrong. Any increase in the minimum wage leads to an increase for every worker above them.
Says who? In a heavy wage pressure environment it can also very easily lead to wage compression at the low end, where workers with some seniority see their increases limited due to the financial impact of increasing wages for new workers, and the wage delta between brand new workers and workers that have been around 2-3 years becomes near nil.
The Red team will make Obama look bad at every chance. But it will be a stupid waste of time. But their fans will salivate over the opportunity while losing the opportunity to actually gain independent voters.
Baa.
Re: Party of No
Funny how Obama’s already written the 2016 campaign ads. Stack up all his forthcoming vetoes against his relentless demagoging of Republicans. Only thing for him to do is actually try to get something done with the Republicans and get credit for it (like Clinton did with Welfare Reform), but I seriously doubt his faculty lounge ego or his inner sanctum of red-diaper leftists would stand for that.
Funny thing is, Justice Ginsberg’s phone must be ringing off the hook this morning: “You really don’t look well, Buzzy… you should retire before the end of this year.” #RealWarOnWomen
“What’s wrong with giving these people a week off in the year? Are you that much of a scrooge?”
Passion Fruit Someone who works part time (that is what this is about) can have as many weeks off as they want. If we continue to make regulations where those who put in the least effort get awarded, then we create the incentive to be lazy. Do you work full time Michael? Why do you and not that waiter at Friday’s?
“The Red team will make Obama look bad at every chance.”
They’ll make him look bad by showing what an empty suit he is.
For six years Team Blue and the libtard media has been able to wave their hands around and blame “the Republicans in Congress” for gridlock, while completely ignoring the fact that the Democrat Senate wouldn’t vote on anything the Republican House passed, and was therefore just as complicit in the so-called gridlock.
So now, after 6 years of complaining that the Congress isn’t “doing” anything, we’ll will hopefully get to enjoy 2 years of Obama not “doing” anything, in a very visible veto-y way.
#51 – I’ll get back to you on this tonight.
@SheSuperSolid: Minimum wage in oakland prop passed!! From $9 to $12.25
Libturd in Union says:
November 5, 2014 at 11:05 am
“San Francisco voters approved a minimum wage of $15 across the city yesterday”
What about Oakland where all of the minimum wage workers actually work?
Part time jobs are hands down the worst jobs out there. They are straight up torture. Low pay for some of the most boring jobs out there. I used to get chills when I had to go to my part-time jobs during college. Yes, I did other things besides tennis. I was a waiter. Worst job ever. Supposed to be part time, but they try to pressure you to work almost every single day. I actually got fired because I asked for my first day off to study for my exam and my manager refused to let me have off. Obviously, I didn’t show up (school comes first) and I was shown the door. F them slave drivers.
I don’t think it will make these people lazy, if we give them one week of paid time off. They deserve it. They are doing the grunt work for society.
Libturd in Union says:
November 5, 2014 at 11:18 am
“What’s wrong with giving these people a week off in the year? Are you that much of a scrooge?”
Passion Fruit Someone who works part time (that is what this is about) can have as many weeks off as they want. If we continue to make regulations where those who put in the least effort get awarded, then we create the incentive to be lazy. Do you work full time Michael? Why do you and not that waiter at Friday’s?
77- Wanted to clarify. It was the first time I had ever asked for time off, and they showed me the door. I came to work on time, worked my ass off, and followed all the rules. Did that matter? Nope. Scumbags.
And I believe it may be 54 seats when it’s all said and done? This narcissistic f.uck in the White House and his donkeys couldn’t lose enough as far as I’m concerned. Hey, they don’t like me and I don’t like them.
New York Magazine headline:
“The Democrats Have 2 Choices Now: Gridlock or Annihilation”
http://nymag.com/daily/intelligencer/2014/11/democrats-have-2-choices-gridlock-or-disaster.html
I’d prefer that they embrace annihilation, but gridlock will do nicely.
Tool [76];
Lets ask the hotel workers in Seattle how good the minimum wage hike was for them:
http://www.unitedliberty.org/articles/17751-warning-to-seattle-seatac-businesses-slashing-benefits-overtime-in-wake-of-wage-hike
“….same as it ever was…..”
[76] irrelevant
Good. Folks shouldn’t be spending money on that crap anyway
Grim,
33. I was going to suggest that NJ’s state flag have the hammer and sickle added to it, but then I remembered that at least the soviets were in words if not in practice, pro-industrialization. (Thus the hammer). In NJ, the hammer could be replaced with a shovel being leaned on by a unionized public works bureaucrat holding a donut in one hand and a public pension contract in the other.
76,
prepare for the spending boom in daycare and tertiary education funded by the minimum wage surge. Said no economist, ever.
84 – You should have flags like that made up. I would totally rock one of those on my house.
Oblamer has to be feeling great about life now, because he’s now in the sweet spot of what he’s good at doing. Blaming other people for his own failings. His golf caddy is going to get ripped a new one today, I suspect.
84 – brilliant
Gary – here is your chance
http://www.northjersey.com/news/business/express-scripts-lays-off-60-in-franklin-lakes-1.1126967
Why do you act like these people don’t contribute to our economy? I don’t get it. They don’t use electricity, gas, oil heat, nat gas, health care, education, or food? How do they survive? Are you saying they serve absolutely no purpose in our economy or society? They don’t contribute to making people wealthy by working and spending their money? I’m lost.
Ragnar says:
November 5, 2014 at 12:15 pm
76,
prepare for the spending boom in daycare and tertiary education funded by the minimum wage surge. Said no economist, ever.
Makes me laugh that people are talking about the Roche property being repurposed into some sort of office complex, or attracting a huge new manufacturing tenant, anything other than the mall it will turn into, which like Xanadu will never actually open, despite having fleeced millions from investors.
#59…I have worked for large companies as well with unlimited sick days, it is STD, (Short Term Disability) and actually taking them ended your career advancement or pay raises..you can not do your job if you are not in the office, nothing against you being sick….now PTO is the way many go…
Michael,
People making the minimum wage certainly do contribute to our economy! Just as people whose work is worth less than the minimum wage could be contributing to our economy, if they were legally allowed to be paid what their work is worth. And just as people who earn much more also contribute.
A wage is a price, just like any other price – for example rent. A wage is the price placed upon the value of a person’s labor in a free and competitive marketplace. That it is positive signifies that it has economic value to the payer of that wage. Individuals freely agree to trade labor for money. Individuals freely agree to trade money for shelter (lodging rental).
I recall some weeks ago you advocating against rent controls, which generally attempt to force rental prices below the prices people would freely agree to under competition. Imagine if rent controls imposed minimum rents. At first I can imagine you’d be happy. “Hey Obama said the minimum price an apartment can rent for is $5000/month, I’m going to be rich, grandma!” But then you find that instead this law causes less-attractive than average to stay unoccupied – nobody is willing to pay $5000 month for a crapshack. Then you find people creating schemes to skirt the law, to help clear the unoccupied apartments, “off the books”, as markets attempt to match supply an demand.
grim [89],
Astoundingly, the asking prices in the area will go up.
Grimm-We have a great 3500 square foot, 100+ year old building in Essex County now under renovation that may fit your needs with minor “tweaking.” We can assist with all approvals and town is very business friendly. Send me you e-mail and I can forward all the info.
I may work on that flag tonight!
Just booted off panel for malpractice case. They asked what I did, what I read for news and what TV I watched….I said, Commissioned sales, WSJ and CNBC….boom, thank you for your service…..I wonder what it was?
Ok, take away minimum wage. I would like to see who would work for 2 an hour or even 7 dollars an hour based on the cost of living in this country. I guess they will then tax me more to help support this person’s ability to survive, while passing on the savings to the business owner. Great!!
Ragnar says:
November 5, 2014 at 1:11 pm
Michael,
People making the minimum wage certainly do contribute to our economy! Just as people whose work is worth less than the minimum wage could be contributing to our economy, if they were legally allowed to be paid what their work is worth. And just as people who earn much more also contribute.
No time to waste now either, our new still landed in Port Newark last week, we’re very excited to take delivery, it will be an amazing showpiece. We’ll be the first beverage distillery in the world running a large diameter glass column still (well, if we ever open that is). Custom engineered, just for us, work of art.
Turdblossom huffing gasoline again…
I understand what you are saying, but rent and wages are two different things. Your example with the rent is moot. It would be the equivalent of telling the business owner that you have to raise wages but you can’t raise prices.
Ragnar says:
November 5, 2014 at 1:11 pm
Michael,
People making the minimum wage certainly do contribute to our economy! Just as people whose work is worth less than the minimum wage could be contributing to our economy, if they were legally allowed to be paid what their work is worth. And just as people who earn much more also contribute.
A wage is a price, just like any other price – for example rent. A wage is the price placed upon the value of a person’s labor in a free and competitive marketplace. That it is positive signifies that it has economic value to the payer of that wage. Individuals freely agree to trade labor for money. Individuals freely agree to trade money for shelter (lodging rental).
I recall some weeks ago you advocating against rent controls, which generally attempt to force rental prices below the prices people would freely agree to under competition. Imagine if rent controls imposed minimum rents. At first I can imagine you’d be happy. “Hey Obama said the minimum price an apartment can rent for is $5000/month, I’m going to be rich, grandma!” But then you find that instead this law causes less-attractive than average to stay unoccupied – nobody is willing to pay $5000 month for a crapshack. Then you find people creating schemes to skirt the law, to help clear the unoccupied apartments, “off the books”, as markets attempt to match supply an demand.
Michael [101];
It would be the equivalent of telling the business owner that you have to raise wages but you can’t raise prices.
That’s exactly what a minimum wage increase is! The market tells the owner if he can raise prices; the government is telling him to raise wages, prices be damned. Those stubborn prices just don’t want to obey government diktat (unless you really want to start down the command economy path).
@AJInsight:
4 more states voted to raise #minimumwage (AK AR NE SD),
so 29 states > $7.25.
If you work 40 hrs/wk for 50 wks at 7.25, you make $14,500/yr
#103..I think you have 2 choices, move to the woods and learn to hunt and kill for your own food, or work hard to make sure you are not living on $14k a year. Bottom line, Prof. Kotlikoff has published studies that no one really “makes” less than $50,000…once all state and federal support is added in…
Raising the minimum wage still means you make minimum wage.
I know it sounds like a joke to say that, but it’s a serious statement. It may be a noble gesture, but it isn’t in any way going to reduce poverty.
No one is trying to reduce poverty. They are simply trying to inject demand into the economy through a min wage hike.
grim says:
November 5, 2014 at 2:21 pm
Raising the minimum wage still means you make minimum wage.
I know it sounds like a joke to say that, but it’s a serious statement. It may be a noble gesture, but it isn’t in any way going to reduce poverty.
107- Any other way of stimulating the economy can lead to out of control monetary policy.
106 – How does reducing the number of minimum wage jobs increase demand?
I’ve said it a dozen times, I’ll say it a dozen more. When you raise minimum wage, you’ve personally made a decision that it would be better for one group on people to make more money, at the expense of another group of people who will be jobless as a result. Raising the minimum wage has two costs, the cost of the salary, and the cost to the community of absorbing an additional unemployed citizen.
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@CNBCnow: Gold settles about 2% lower at $1,145.70 an ounce.
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NJ minimum wage increased on January 1st, we’re nearly a full year into it.
Please show me the benefit. My local McDonalds still continues to be filled with late teen and early 20s employees, and I believe poverty across NJ has actually gotten worse.
On the other hand, despite all warnings, a Big Mac in NJ does not cost $10.
We’ll move to 8.38 on January 1st.
NJ GDP is more than 500 billion dollars a year.
Some time last year, NJ Policy Perspective analyzed NJ’s minimum wage increase and came to the conclusion that it would add $173 million in economic activity.
This is a nearly imperceptible increase in economic activity. My calculator says e-04, I’m pretty sure that means I shouldn’t have even bothered to type the numbers in. (It’s actually 0.03% increase).
No one is trying to reduce poverty. They are simply trying to inject demand into the economy through a min wage hike.
Are you still sure you want to stand behind this statement? NJPP is a liberal think tank, they would have erred on overestimating the economic impact.
Mitt Romney said Friday he supports raising the minimum wage, splitting from many Republicans who have fought against an increase. Romney made his comments in an interview on MSNBC’s “Morning Joe.”
“I, for instance, as you know, part company with many of the conservatives in my party on the issue of the minimum wage. I think we ought to raise it,” Romney said. “Because frankly, our party is all about more jobs and better pay.”
Read more: http://www.businessinsider.com/mitt-romney-wants-to-raise-the-minimum-wage-2014-5#ixzz3IE2bpChd
113 – I’d check my pockets to see if my wallet was still there.
If I had mitt’s money I would through mine away.
Brilliant use of social media: http://www.cnbc.com/id/102151044
Just saw “Interstellar” in a matinee.
Plenty of material for you NomPound builders.
Favorite line.
-Your daughter got in trouble for showing this book to her classmate.
-What’s wrong with this book?
-This is the old federal schoolbook version. Our new version teaches the reality that the there was no man on the moon, and the Apollo missions was great propaganda coup that causes the bankruptcy of the Soviet Union.
113- 7 0 you are an idiot on May 11, 2:00 PM said:
@Jim in Alabama: More asinine tripe from someone who doesnt understand economics.
The things you say are not based in reality and have never occurred when the minimum wage has been increased. Job losses are minimal when he minimum wage has been increased and the same goes for inflation. So no, the wage gains are not “eaten up” as you nonsensically suggest, and layoffs dont follow either.
If you knew anything about economics you would realize that by raising their wages these folks would have more disposable income and will readily spend it at the very businesses that use minimum wage workers. This increased revenue more than offsets the raise in wages…or if it doesnt you could raise revenues through a slight increase in prices…but it would only need to be a very small percentage that would make little difference in the consumers buying power. So you see, everybody wins here. The anti-minimum wage hysteria is something that you have been fed by greedy employers who would pay their employees less if it were legal. Dont be their stooge, educate yourself so you dont look like such a clown
Read more: http://www.businessinsider.com/mitt-romney-wants-to-raise-the-minimum-wage-2014-5#ixzz3IEOyhCJo
Spoken in defeat and shame.
Real business people, real entrepreneurs, real people that run real businesses always think in terms of how to grow the business and how they can motivate people.
It’s hard to convince people that work for you that have the sword of Damocles hanging over their head with bills to pay and kids to feed that they should get excited about your business if they are making peanuts for wages. After all, you yourself, or anyone reading this would never think that “they” are the one making peanuts, and they would also never admit they would take less than they are making right now unless they had no choice.
People that work for minimum wage–what does that really say about the employer more than the person making that paltry amount of money? What does it say about the working person and their association with the value of the money they make?
It says as a worker you are desperate, that you had no choice, and it says as an employer you have lost touch with what people need, that as an employer the best you could do was pay people the absolute minimum possible because, even though you could pay more, you chose the easy way out.
More is always more.
Read more: http://www.businessinsider.com/mitt-romney-wants-to-raise-the-minimum-wage-2014-5#ixzz3IEPMy5iU
113- lmao… Romney even thinks a min wage hike would help the economy and the people of this country. Why aren’t you calling him an idiot, lefty, communist, and libtard? I was never a lefty. I was just using logic to understand why our economy was so bad. I realized that all the money started going to the 1% and not leaving there ( trickle down is total bs). We had a huge stimulus directed at the 1% and they just sucked it up and did not distribute it through the rest of the economy at all. So there is your reason for stagnant wages and slow growth in the economy. It went all to the top. So pardon me for suggesting that we get the economy going by giving raises to the bottom. Never mind, it’s such a stupid idea and I’m an idiot. We should instead just give these businesses more tax breaks. Better yet, fire all the govt employees and eliminate the govt, because that is what is really wrong with our economy. What a joke.
This is why I laugh at people trying to solve poverty under a capitalist system. When will they realize that it is impossible to eliminate poverty under a capitalist system? It’s really mind blowing the amount of energy being wasted by people trying to solve an unsolvable problem.
“In Class Dismissed, John Marsh debunks a myth cherished by journalists, politicians, and economists: that growing poverty and inequality in the United States can be solved through education. Using sophisticated analysis combined with personal experience in the classroom, Marsh not only shows that education has little impact on poverty and inequality, but that our mistaken beliefs actively shape the way we structure our schools and what we teach in them.
Rather than focus attention on the hierarchy of jobs and power—where most jobs require relatively little education, and the poor enjoy very little political power—money is funneled into educational endeavors that ultimately do nothing to challenge established social structures, and in fact reinforce them. And when educational programs prove ineffective at reducing inequality, the ones whom these programs were intended to help end up blaming themselves. Marsh’s struggle to grasp the connection between education, poverty, and inequality is both powerful and poignant.”
“This book is a valuable examination on the assumptions and rhetoric on education as a solution to economic ills. The treatment is thorough and placed within a historical context on education and labor in the United States. The point is clearly made that the political climate in American politics has resulted in education as the only available means for combating severe injustices that result from gross economic disparity. While education can provide individuals with credentials to enter certain professions (e.g. teaching, law, medicine), this is an quite ineffectual and indirect as a social policy solution to poverty and inequality. This book is a outstanding and well documented source for those concerned with examining education history and social justice and should be widely read by those concerned with schools, education funding, education history social justice, economics or politics. The notes provide a good introduction to the many topics that it raises as well as adequately documenting the contents. The book will likely be dismissed by some readers for adopting a Marxist perspective and challenging some deeply held assumptions; however, it demonstrates very well the injustices that resulted from unfettered capitalism and why expanding access to education is not a panacea for social and economic ills.”
@EconomicPolicy:
For every $1 the minimum wage is increased, taxpayers would save 24 cents. #RaiseTheWage
121- wtf is an education going to do for someone that is one of the “forgottens”? These are the people that the economy forgot. They can’t have a job. Their job was eliminated so someone could profit more. This is how capitalism works. No amount of education will get this person a job. No one is going to willingly give up a piece of their pie, so that this person could have a job. If anything, the haves believe workers already have too much of the pie and have started to lower pay or ship jobs so they can have more of the pie.
121- “One of the enduring oddities about our times is that two of the most read, respected, widely known social critics, Noam Chomsky and Gore Vidal, were dilettantes in their political work – the first an MIT linguist, the second a novelist. Similarly, John Marsh, author of this utterly profound work of social criticism, makes a living teaching literature to undergrads – a waste of his remarkable gift.
In Class Dismissed, Marsh ranges with clear, precise, non-jargonistic prose over the central political dilemma of our time – the failures of our inherited supersystem to provide a decent society. The one sacrosanct answer to the myriad problems of our times has come to be viewed as “education,” leaving the field clear for complete avoidance of jobs, taxation, legal restriction of corporate plunder, political corruption, anything of actual relevance to social reality.
Marsh is fearless, or almost fearless, in questioning this sacred cow of higher education, providing evocative history in palatable doses, of Carnegie and Nixon, Jencks and Reagan. Higher education has become a trillion-dollar credential mill, a joke for comedians (Kyle Kinane: College has become like high school – just parties and stupidity. Grad school starts where college should have started), and books like Hacker and Dreifus’s Higher Ed? do an adequate job exposing the truth, but Marsh is the best at chosing his research topics and writing well about the on-going fraud. Of course, Marsh’s choice of target for his skepticism means professional ignominy, but this book will endure.”
Jesus, raise the minimum wage to $500.00 an hour! We’d all be rich and we wouldn’t need to pay any taxes at all!!
Oh no, there went the late afternoon verbal diarrhea. Finding a bit of statist solace in the face of an election that was broadly a vote against state overreach.
As long as minimum wage hikes are small and basically just mimicking prices that markets were already setting, then there’s minimal economic damage or benefit. Basically confirming the status quo, while telling the true low skilled, low value worker, and entry level workers to go on welfare because nobody is going to hire you for a price higher than the economic value you create.
If policymakers followed my suggestion of a $25 to $50/hr minimum wage, the true economic consequences of minimum wages and price controls generally, would be made very obvious that everyone could see. And it would not be an economic boom.
The common voter thinks things like the minimum wage, the FDA, Social Security, putting the government in charge of running schools, etc., are good for them, or at least good for someone. A lot of people are deluded about many things.
How can you eliminate poverty when so many make a conscious decision to not only live in poverty, but to relegate themselves to a life of poverty?
How many idiots drop out of high school every year?
How many idiots get pregnant and have kids in high school?
If we can orchestrate an appropriate minimum wage that raises income enough that it precludes access to other government subsidy programs such as SNAP, heating, rent subsidies you can make this a net “positive”….
Need a restaurant for Anniversary dinner next week, Highlawn is default…any ideas?
Can’t disagree with that, but you have to question why so many of these dropouts and pregnant teenagers come from poor backgrounds. Cause or causation?
grim says:
November 5, 2014 at 5:19 pm
How can you eliminate poverty when so many make a conscious decision to not only live in poverty, but to relegate themselves to a life of poverty?
How many idiots drop out of high school every year?
How many idiots get pregnant and have kids in high school?
130- jeez, trying to work and participate at the same time. Not enough time!! Obviously meant to say cause or correlation.
Egyptian bus driver using his wife’s urine for drug test finds out she’s pregnant
The bus driver, who was unidentified, learned that his wife is two months pregnant after using her urine sample for a routine drug test. When officials asked if the sample was actually his, they told the man, “Congratulations, you’re pregnant.”
An Egyptian bus driver who tried to skirt a routine drug test gave a false sample, but got a positive result.
The bus driver used his wife’s urine for the test — and received some unexpected news that she’s pregnant.
The driver, who was unnamed, learned that his wife is two months into her term, according to the Fark news agency.
Before breaking the big news, officials asked the driver to confirm the sample was his.
When he lied and said yes, the officials responded, “Congratulations, you’re pregnant.”
To prevent any future false — or positive — urine samples, transit authorities will now require a blood test as well, according to the Al-Yawm al-Sabi news agency.
129- Cafe Matisse in Rutherford has never let me down. Might be one of the best restaurants in jersey. They pay attention to detail. The service is top notch and food is unforgettable.
Michael [121] is clearly off his meds again.
This is why I laugh at people trying to solve poverty under a capitalist system.
So when do you sign over the deed to grandma’s house in service to the revolution, comrade?
Con’t [134];
And in case you’re lucid; your should know that capitalism has lifted more people out of poverty than any other economic system known to man.
129 LuNello in Cedar Grove is always nice if you want to let your inner Soprano fly, ey, oh, ey. You’ll get no respect here without a gold chain, and don’t ever button the top two buttons.
It wasn’t meant to be an attack on capitalism. It was to point out that I’m not advocating to raise the min wage to solve poverty or help the minimum wage workers plight. It’s just to help the economy. Give it some food for demand.
I accept the capitalist system for what it is. I would not change it for another economic system. I accept that some will be poor so that some can be rich, in that this will help contribute to the incentive to innovate, which will in turn raise all.
Anon E. Moose says:
November 5, 2014 at 5:54 pm
Michael [121] is clearly off his meds again.
This is why I laugh at people trying to solve poverty under a capitalist system.
So when do you sign over the deed to grandma’s house in service to the revolution, comrade?
#136..I naively moved from S.I. to NJ thinking I was getting away from all that!!!
Thanks all for ideas, looking at Chakra…chef is German…that may work….
And another thing [136];
Ignore this if you’ve read it before.
My law school dean’s old Yale professor Guido Calabresi spoke at my graduation. He’s left, but extremely thoughtful, not to mention pleasant and charming. He relates a story of speaking to his first-year students. He asks for a show of hands to indicate how many people support broader redistribution of income. You may or may not guess that among elite law-school students, this is wildly popular.
Then he asks those who raised their hand to keep their hand up if they support awarding half the seats of the Yale incoming class by random lottery. All hands vanished. The conclusion he shared with the class is that they seemed far more eager to redistribute other people’s advantages than their own.
chakra? Eh. Michaels suggestion was good, Matisse is a great place.
Fricassee in Montclair is good if you are up for French Bistro. Be sure to have the Frisée salad.
139- Moose, it’s not really redistribution if that money will come back to the top in the form of demand. Think of the minimum wage hike as an investment to get the economy going so that you can make more money.
It’s not a fancy joint, but Imocha in West Paterson is our new reigning best Thai in NJ.
141- I’m in no way advocating that they always raise the min wage. I’m only advocating for it right now based on the current economic conditions. This strategy only works right now. You need demand. People need more buying power to create demand. So why not give it a try?
Grim, shoot me an e-mail re: the property in Belvidere. Matches all your criteria.
And then some…
Raise the min wage. Good for low wage workers, or most of them anyway, good for lawyers, good for tech and capex.
Bad for business owners and CRE. Oh, and bad for some workers and bad for fringe benefits. Look for the EEOC and NLRB to make parking an issue.
Wow…hit O-man where it hurts and he actually gives a sh-t….at least the guy has a pulse….
http://nypost.com/2014/11/05/obama-fires-back-at-michael-jordan-worry-about-the-hornets/
Interesting analysis
http://fivethirtyeight.com/features/the-polls-were-skewed-toward-democrats/
I’m starting to feel the draw of Caldwell…..anyone else?