Democrats lose NJ

From the Star Ledger:

How Gov. Murphy helped Republicans win

Assemblyman Jon Bramnick, the Republican leader, says he is grateful that Gov. Phil Murphy engaged so heavily in this week’s election because it helped Republicans like him win close races.

“Did Murphy help me?” Bramnick asked. “Absolutely and without a doubt. The last thing Democrats wanted was his face on TV.”

Murphy has a lock on the progressive wing of the Democratic Party, but he is not a popular governor overall. The latest Monmouth University poll put his approval rating at 41 percent, and after two years in office, 20 percent have no opinion.

The gift he gave to Republicans in this election was to remind voters that Democrats are likely to raise taxes. That came during a talk at Rowan University when he answered a question with this gem: “If you’re a one-issue voter, and tax rate is your issue…we’re probably not your state.”

In his defense, he spoke the truth about taxes New Jersey has the highest property taxes in the country, and we rank #9 in combined state and local taxes, as a share of income.

But it was another rookie mistake by our sophomore governor, because it sounded like he was telling people to quit whining and accept punishing taxes as a fact of life. Republicans saw an opportunity and pounded it over and over, especially in the swing districts they were worried about losing, like Bramnick’s in Union County.

Murphy then helped more by purchasing $2 million in TV ads featuring his face, barnstorming in suburban districts where he’s deeply unpopular, and even claiming credit for his imaginary fix of NJ Transit’s woes.

The bottom line in this election is that Democrats missed an opportunity and lost some ground. Republicans picked up a Senate seat and at least two Assembly seats. That doesn’t challenge Democratic control, but it will make it tougher to win close fights, like the effort to legalize marijuana or extend voting rights to those on parole and probation.

This entry was posted in New Jersey Real Estate, Politics, Property Taxes, Unrest. Bookmark the permalink.

144 Responses to Democrats lose NJ

  1. grim says:

    Becoming more and more likely that Murphy is yet another one-term-democrat, to add to the long list of one-term-democrat governors of NJ.

  2. grim says:

    From the Star Ledger:

    N.J. election 2019: ‘We lost,’ top Dem says to Murphy. ‘How do you spin that?’

    Sweeney, who’s often locked horns with Murphy, slammed the Democratic governor Wednesday after Murphy told reporters lower-tier Democratic pickups and tight races in competitive state Assembly districts amounted to a successful overall outcome and that “the party is stronger than before without question.”

    “Are you kidding me?” Sweeney, D-Gloucester, told NJ Advance Media.

    Republicans say they have taken control of a Senate seat held by a Democrat, as well as two Democratic-held Assembly seats with two others still in play. Democrats are acknowledging they lost seats, but the Associated Press says the races in question are too close to call because of estimated outstanding ballots.

    “Really? How do you spin that? It wasn’t a good day,” Sweeney said. “This is the first net loss in the Senate in a decade. You can spin it however you want. We lost.”

    Murphy on Wednesday declared the “Democratic Party had a big day yesterday” when he spoke to reporters in Newark. Republicans, meanwhile, had an entirely different take and cheered Tuesday’s election results in what they dubbed the “Murphy Midterm.”

  3. The Great Pumpkin says:

    It’s you, dude. You don’t get it. My union told me to vote REPUBLICAN and I did.

    “Really? How do you spin that? It wasn’t a good day,” Sweeney said. “This is the first net loss in the Senate in a decade. You can spin it however you want. We lost.”

  4. The Great Pumpkin says:

    Jcer,

    You don’t see north jersey changing before your eyes?

    You want to know the problem with Franklin Lakes. Boomers. It’s a boomer town. They aren’t moving, and if they are moving, they want top dollar. They need to let the millennials catch up to be able to afford the prices in that town. Wayne will see appreciation way before franklin lakes. The avg price says so. After they drive up the prices in wayne, these lemmings will then move up to franklin lakes. It’s all a cycle.

    “Truth be told NYC pricing is already some of the highest in the world and hudson county isn’t far behind. It is also a function of wages, while NYC has maintained relatively high wages suburban jobs are disappearing at a rapid clip hence this dichotomy and what you are seeing. Realistically it isn’t practical to live in even certain parts on NJ and to commute to NYC. I continue to hear that Franklin Lakes prices are suffering and it is in large part due to the evaporation of high paying jobs in NNJ”

  5. The Great Pumpkin says:

    And I agree with you that the samurai is off with his position on fly over country. He’s not always going to be right, but he is right about U.S. real estate being cheap in comparison to other developed areas major locations. Go to any major developed city and tell me what the price is. Look at that pacific region. Those asians drove up pricing from hong kong to vancouver to australia. Writing is on the wall as that population is only getting bigger and richer.

  6. The Great Pumpkin says:

    Why do you take this position that it will not? Interested to hear your position.

    “Also saw in the report North Jersey will have the second fastest growth in households in the US over next 5 years. If that turns out to be true, and it won’t, will be great for real estate values around here.”

  7. grim says:

    Evaporation of high paying jobs?

    Huh? People that live in multimillion dollar houses generally don’t work for other people.

    What powers NJ is high wealth generating small business. Businesses that nobody ever sees, completely under the radar. Businesses that would be completely dismissed by both as being totally meaningless.

    For example, Black Prince Distillery in Clifton NJ.

    I have some insider information on what Sazerac paid the single person who owned it.

    It was the dingiest, most vacant looking building in North Jersey. Completely dismissed.

    I’ll give you a hint, it was in the triple digit millions. Yes, Triple Digit Millions. That didn’t even include the real estate, which is being sold separately, probably worth double digit millions.

    That shithole factory bottled more than a million 12-bottle cases a year. Do the math, it was a gold mine.

    This is not isolated, there are thousands of these stories across NJ.

    Yet, most people are gauging the strength of the NJ economy by shithole office jobs in suburban office parks?

    See all the industrial wasteland when flying into Newark? That’s a GOLDMINE of profit.

  8. The Great Pumpkin says:

    Tell them, grim!

    Put this into perspective. My wife and I are two worker bees with part-time side business (landlord). We easily afford 18,000 in taxes. We will grow rich under these taxes. So how out of touch people are with a little detail instead of the BIG PICTURE. I’ll pay the property taxes if my wife and I can put together a 330k income when we are both under 40. Not sure how many places would have allowed us to grow like this. Opportunity to make money is there, folks! Go get it! Instead, idiots cry about the property taxes and instead move to another location with a lot less opportunity for income growth to pay less property taxes. Stupid is, stupid does.

  9. The Great Pumpkin says:

    You can tell a wealthy boomer town from a wealthy millennial town. Montclair is a wealthy millennial town. Franklin lakes is a wealthy boomer town. The boomers left the high taxes for the no service low tax area. You can tell also by the lack of updated homes in some of these town’s neighborhoods or their listings.

  10. D-FENS says:

    https://www.washingtonexaminer.com/news/whistleblowers-attorney-warned-trump-a-coup-is-coming-in-2017-tweets

    The Ukraine whistleblower’s attorney Mark Zaid has been warning President Trump of a pending coup since 2017.

    Zaid has been a critic of the president long before he was hired to represent the whistleblower that triggered the House impeachment proceeding.

    In 2017, Zaid tweeted that Trump was facing a “rebellion” that would eventually lead to impeachment.

  11. D-FENS says:

    This guy is the Ukraine whistleblower’s lawyer?

    https://twitter.com/MarkSZaidEsq/status/826262311560216578?s=20

    @MarkSZaidEsq
    #coup has started. First of many steps. #rebellion. #impeachment will follow ultimately. #lawyers

    9:54 PM · Jan 30, 2017

  12. PatrioticHillbilly says:

    Brutal dismantling of Christie Whitman today. What a useless piece of condescending garbage. Had she just been an elitist democrat, which she is now, her whole career she never could have done that much damage.

  13. 1987 Condo says:

    Weekly jobless claims down.

    Earnings beating estimates for 75% of S&P so far, average beat rate is 64%

  14. PatrioticHillbilly says:

    This guy is not a whistleblower. He wasn’t on the call. He’s a leaker. He’s also compromised due to his involvement with the graft and political meddling that Biden and blama did in Ukraine. He wigged put when he found out trump was digging into the oblama era crimes.

  15. ExEssex says:

    The only digging Trump is doing is his own grave.

  16. grim says:

    Put this into perspective. My wife and I are two worker bees with part-time side business (landlord).

    You are not in the perspective, hell, you are not even in the picture.

  17. Bystander says:

    Well, lets be clear..these are hand me down family businesses. My buddy in Ridgewood sees that alot. Working for Daddy’s company types who never stood on their own. Self made is much smaller percentage.

  18. The Great Pumpkin says:

    That was what I was implying with “worker bees.”

    grim says:
    November 7, 2019 at 8:48 am
    Put this into perspective. My wife and I are two worker bees with part-time side business (landlord).

    You are not in the perspective, hell, you are not even in the picture.

  19. ExEssex says:

    8:48 Hilarious.

    He’s just happy he’s a tenured ‘academic’ .
    But $330k combined, while it sounds like a whole lot
    of money to anyone who comes from a humble background,
    It’s really not much. Teacher pay is terrible and really not
    going to get you too far.

  20. The Great Pumpkin says:

    So if two worker bees can easily handle 18,000 in taxes, what do you think 50,000 a year is to a big dog?

  21. ExEssex says:

    The thing about being a teacher most people won’t admit, is that it’s
    Lonely as hell. You are surrounded by children all day. You are in essence baby sitting.
    Most kids don’t relate to you or the content. You are just spoon feeding them for purposes of exams.

  22. ExEssex says:

    NJ is a decent place to live primarily because
    Of NYC . Otherwise it’s more like Dayton, OH.

  23. ExEssex says:

    *Dayton OH with angry road raging tool bags.

  24. joyce says:

    grim,
    Are you aware of any statistics of the number of small business owners vs number of overall workers?
    https://www.sba.gov/sites/default/files/advocacy/2018-Small-Business-Profiles-NJ.pdf
    This says there’s 30 million small businesses (not sure exactly how many small business owners due to partnerships, etc.)

    You’re story /comment about business owners and the idea that high-paying jobs have decreased is not mutually exclusive.

  25. joyce says:

    Do we know which states have the highest percentage of small business owners relative to the overall workforce? What is the metric(s) to be used to see how much small business ownership powers this state vs the rest?

  26. PatrioticHillbilly says:

    Pumps can only dismiss 18k in property taxes because he’s not the breadwinner. If the were carrying the load he would have a completely different perspective. He’s a modern housewife but he can’t reproduce so he’s functionally worthless.

  27. ExEssex says:

    9:23 but he is going to be collecting a pension one day that YOU will be paying for.
    For the rest of his life…….

  28. joyce says:

    What if he leaves NJ?

    ExEssex says:
    November 7, 2019 at 9:25 am
    9:23 but he is going to be collecting a pension one day that YOU will be paying for.
    For the rest of his life…….

  29. Blue Ribbon Teacher says:

    Of course he wants high property taxes for everyone else because his employment literally depends on it. If the Abbotts were cutoff from their gravy train, a bunch of staff at his district would instantly be RIFed, or at the very least, take a huge salary cut. The Abbotts are bleeding the suburbs and the real victims are the suburban school districts. They are making it rain in the Abbots while they systematically have been forced to remove everything from some of the “richest” districts. We can’t even afford tissues anymore.

  30. The Great Pumpkin says:

    Again, I have no problem with my wife being the breadwinner. Hopefully, she gets promoted to vp soon. More power to her. She’s career oriented and ambitious, do you think I’m attracted only to the beauty on the outside like most idiots that think with their smaller head? I value brains and motivation on top of beauty. So I picked my wife wisely. Someone that shared similar interests and goals.

    You don’t think she did the same? By the time we were married, I was 10 years in on a 15 year mortgage, aka pretty much paid for. I was bringing hundreds of thousands to the table on top of a teaching job in my twenties. Add a stable job with health benefits and a pension, and we make a great team.

    PatrioticHillbilly says:
    November 7, 2019 at 9:23 am
    Pumps can only dismiss 18k in property taxes because he’s not the breadwinner. If the were carrying the load he would have a completely different perspective. He’s a modern housewife but he can’t reproduce so he’s functionally worthless.

  31. The Great Pumpkin says:

    My wife is truly a gem. Top of the food chain is not attracted to fat losers. You guys imagined me all wrong just like I imagined expat all wrong. I thought he was some immature 60 year old Asian. Had no idea he was the reincarnation of Benjamin Franklin.

    And I respect my wife’s wants and needs. If she wants to focus on her career, who am I to say no. If she is happy with one child, so be it. Maybe the feelings will change. We are a happy family and that’s what matters.

  32. PatrioticHillbilly says:

    Is Sweeney planning a insurgent run in 2020? That would be interesting. I think he would win. He’ll be bring a chainsaw with him if he does.

  33. ExEssex says:

    9:56 and don’t forget your weekly “blowies”..,

    Cringe.

  34. Libturd, seen crazy things done with ping pong balls says:

    My sister lives in Dayton. It’s actually pretty decent. Now, Grove City might be more what you are talking about.

    Please stop feeding the lying troll.

  35. Libturd, seen crazy things done with ping pong balls says:

    HillBilly,

    Be careful with Sweeney. He flip flops like a Slinky on a very tall stairway. Once in power, the unions will make sure he is powerless to do what needs to be done through negative ads. Isn’t that why unions were created? To make sure the taxpayers are fleeced by their public servants?

  36. The Great Pumpkin says:

    Blue,

    Get over yourself. I’m 15 years into my job. My days are numbered. I don’t even need this job to survive anymore.

    Your job is different than mine. The stress levels are through the roof on a daily basis. So piss on me for working where I do. Be happy someone is out there still with a smile on their face giving these kids 100%. I have not had one student that hates me in the 15 years I have been there.

    You know what it takes to survive that long in my district? You have no idea what I go through on a daily basis. I’m only 39 and I’m one of the oldest now at my school. What the hell does that tell you? Not many last.

  37. The Great Pumpkin says:

    I don’t even bother to make friends with the new teachers anymore. They all leave.

    Love your type, the “teach for america” type. Come in on their high horse and think the teachers are the problem. Then they try for 2 years, fall on their face, and say to you that they don’t know how you do this. They run for the hills and start charter schools, or join startups.

  38. make money says:

    “We are a happy family and that’s what matters.”

    No one is a happy family. Piss off, now.

  39. The Great Pumpkin says:

    It’s like inner city cops, paid like crap, and get no respect. No different in teaching.

    Meanwhile joe public gasps when they see a 100k teaching salary in the ghetto. You know how hard it is to have someone with 15 years experience in an abbot teaching district? Only the very strong can last.

    You have to learn the newest strategies every f’en year and incorporate them…why? Because the school is considered failing and there is grant money tied to this implementation. So what you are learning in your PD now, I was the guinea pig for it. Every year, my job is a new job. New lesson plan format with latest lingo in education. It is not easy.

    Brings me to this.

    Lefty,

    How are you going to tell me that I’m not a white collar manager. You don’t know how teaching works now. I am penalized if I lecture. For god’s sake, I am penalized if I don’t have students grading their own peers work. It’s all student driven that must be backed by data with instruction guided by latest pedagogy best practices. I’m managing workers that I can’t fire. BEST PART, I HAVE TO TEACH MY WORKERS NOT ONLY MANAGE THEM.

  40. The Great Pumpkin says:

    Just landed in AC. Enjoy the day everyone. Pumpkin free zone…be happy.

    And there are happy families out there. I’m surrounded by them.

  41. PatrioticHillbilly says:

    Middle America has a higher quality of life in many cases. Nicer people. Better sense of community. Claeaner healthier environment. More leisure time and choices.

  42. Mike S says:

    Your wife isn’t even a VP yet in finance and pulling in that much… wow

  43. Libturd, seen crazy things done with ping pong balls says:

    Stop feeding the lying troll.

  44. Not a teacher says:

    The Great Pumpkin says:
    November 1, 2019 at 10:50 am
    I’m still not a teacher. YOU DON’T GET IT, DO YOU?

    Not a teacher says:
    November 1, 2019 at 10:12 am
    I’m not a teacher!
    http://njrereport.com/index.php/2013/11/05/renters-get-new-options/#comment-607978

    The Great Pumpkin says:
    November 7, 2019 at 10:32 am

    Lefty,

    How are you going to tell me that I’m not a white collar manager. You don’t know how teaching works now. I am penalized if I lecture. For god’s sake, I am penalized if I don’t have students grading their own peers work. It’s all student driven that must be backed by data with instruction guided by latest pedagogy best practices. I’m managing workers that I can’t fire. BEST PART, I HAVE TO TEACH MY WORKERS NOT ONLY MANAGE THEM.

  45. Blue Ribbon Teacher says:

    I have plenty of respect for inner city teachers. I just have no respect for you.

  46. D-FENS says:

    Why deny you’re a teacher? I don’t get it.

  47. JCer says:

    Grim I grew up in franklin lakes, the about 50-75% of the people in the multi-million dollar homes are executives, C-level, lower levels, working for the banks, pharma, etc. The other half are the business owners and yes they do quite well and nobody really knows how much money they have. Franklin Lakes suffers from a few things, fundamentally there has been a shift. First no train and 208 traffic makes for less than a good commute, next no real town center/dining/etc, houses with septics/wells/1+ acre of land which is more than many want to deal with. Right now peak desirability is 3500-4000 sqft walking distance to town center with a train to NYC, 0.5 manicured acre flat property, city services(water, sewer, etc), and on a quiet street. This is why places like Glen Ridge, Maplewood, Montclair, and Ridgewood are currently fetching good prices.

  48. joyce says:

    What are you considering a “win” in this story?

    Fast Eddie says:
    November 7, 2019 at 9:01 am
    Trump wins again.

    https://www.cnbc.com/2019/11/07/china-says-it-has-agreed-with-the-us-to-cancel-existing-tariffs-in-different-phases.html

  49. ExEssex says:

    11:54 — my uncles step-kid lived in Franklin Lakes.
    Hedge fund guy I think he bought an island after he left Franklin Lakes.
    Jersey has opportunities
    But it’s mostly banking, pharma, some big food players.
    All in all it’s definitely a worthwhile place to be. Weather kinda stinks.
    Summers are nice though. Summer down the shore isn’t too shabby. Takes about $1m plus a year to live like that. Or you get it the old fashioned way, you inherit it.
    There are successes in my family, I’m not one. Made it through the dot com era in a promising startup and watched it all burn. Teaching is a nice fallback once the business world chews you up and spits you out. Trust me though, it’ll kill you as fast as a banking job for way less money.

  50. ExEssex says:

    The reason you can’t stand people like the Pumpkin is that they went from the college classroom right back into the school classroom this time as a ‘leader’ but really as someone who literally has no idea how people function and what the economy looks like outside of a book. He’ll stay 30 plus years and collect a decent wage once he finally graduates. He’ll have no better an idea of the world than when he began, but he’ll think he’s a genius. Maybe he is. Eddie will be working hard in Randian style only to find 75 cents of every dollar in his fine township funds this clown’s retirement and other like him.

  51. homeboken says:

    Wait, I’ve been away from the board for a while – Pumpkin is the teacher and his wife is the financial analyst?

    Dogs and cats, living together…anarchy!

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  53. Libturd, seen crazy things done with ping pong balls says:

    Nailed it Essex.

    You too Joyce. China giving Trump a way out of the debacle he created is a win for that moron. China should have shoved it’s boot deeper in, but they too have mouths to feed.

  54. Bruiser says:

    Inner city cops get paid like crap…huh. My next door neighbor is Trenton PD. He made $147,000 last year. He’s got a Cobra 427 in his garage that he takes out 1 or 2 weekends a year. A boat in the driveway. He can’t wait to retire in 2 months. I’m going to miss him, great guy.

  55. Blue Ribbon Teacher says:

    Yeah, you know, the people above me make all kinds of asinine demands as well. I ignore them and teach my way. Wtf are you? A robot? Why do you listen to the people above you. You don’t ever listen to a single person here. Maybe you can give us their number so we can figure out how to best deal with you.

  56. Blue Ribbon Teacher says:

    Bruiser, you aren’t even seeing the overtime. I lived next to a Trenton PD a while back. He had a massive warehouse in his backyard with all kinds of toys, including a big boat.

  57. joyce says:

    I’m with you on everything but isn’t 3500-4000 on the larger end?

    JCer says:
    November 7, 2019 at 11:54 am

    Right now peak desirability is 3500-4000 sqft walking distance to town center with a train to NYC, 0.5 manicured acre flat property, city services(water, sewer, etc), and on a quiet street. This is why places like Glen Ridge, Maplewood, Montclair, and Ridgewood are currently fetching good prices.

  58. Walking says:

    The other punch to the gut on franklin lakes is that many of these boomers are on wife 2. Wife 2 which seemed like a good idea in 96, has set you back 20 years in your savings. So now you are looking at retirement (or forced out of your exec job) with a mortgage on a house that should have been paid of. with no savings you are pushing 72 and realize quickly you don’t have many years of enjoyment. You naturally are now forced to lower your price as Father Time converges at you from many angles. I saw this happen a couple of times to guys in these towns forced to sell low to beat the clock.

    Add in a kid from marriage #2 addicted to heroin and Selling out looks great at any price. Or are we not supposed to let out that secret about Franklin lakes?

  59. Fast Eddie says:

    What are you considering a “win” in this story?

    Upon the news, the market immediately added 150 points before the bell. My assets love it and so do I.

  60. Fast Eddie says:

    Right now peak desirability is 3500-4000 sqft walking distance to town center with a train to NYC, 0.5 manicured acre flat property, city services(water, sewer, etc), and on a quiet street.

    Check, check, check, check and check. In other words, dear buyer, f.uck you, pay me.

  61. Libturd, seen crazy things done with ping pong balls says:

    I don’t believe a word that comes out of the lying president’s mouth. Why would China? There is hardly an agreement. Invest like there is one at your own peril.

  62. 3b says:

    School enrollment has dropped dramatically in Franklin Lakes. I believe they are considering closing one of the grammar schools.

  63. Juice Box says:

    I have a cousin DINK in Franklin Lakes, they have a horse, dogs a but no kids. At their age they could adopt but hey who and I am suggest that.

  64. Fast Eddie says:

    A spokesperson for China’s Ministry of Commerce said Thursday that the “leaders of China and the United States have carefully resolved their core concerns in the past two weeks and have carried out serious constructive discussion, agreeing to cancel the tariff increase in stages with the progress of the agreement,” according to a translation of a report from China’s state-run Global Times.

    It’s now obvious to China (and any dolt with two brain cells) that Trump is going to be reelected. They saw the lineup on the left and realized they’re aren’t enough p.ussies to elect a paper tigress.

  65. joyce says:

    Could anything else have impacted the market today?

    I’m remembering years ago when the CNBC or Yahoo Finance headline in the morning would say market falls on low consumer sentiment, with Team Red b1tching about Obama … and then 3 hours later after a market rally, Team Blue would come out in force.
    When the market has it’s next down day tomorrow, will you criticize Trump?

    I’ve posted numerous times. I’m in favor of a tariff system, but this article was a huge pile of nothing.

    Fast Eddie says:
    November 7, 2019 at 1:27 pm
    What are you considering a “win” in this story?

    Upon the news, the market immediately added 150 points before the bell. My assets love it and so do I.

  66. Joe says:

    We really do need to cut the funding to the abbot districts. I’m tired of them robbing my town and our teachers of much needed funding.

  67. Nomad says:

    Eddie,

    They want him back for 4 more years in government housing. He gets credit for trying to address this thing because peeps from both parties in the past had their heads in the sand. The harder but more effective would be to address the IP theft and this was partially done in a bi-partisan effort to crack down on IP theft that occurs at major research institutions in the US – Rutgers, MIT, Big 10 schools… Mikie Sherrill (NJ-11) worked with several other House members on both sides of the aisle. What China has done so far isn’t good but they need to be stopped before they achieve expertise in producing a broad swath of high value goods (jet engines etc.). Obviously they already are good at telecom / cellular and are putting up 5G systems and video monitoring throughout Africa. Poor countries get high tech and probably a few bucks and China gets a very big foot in the door and a way to help African leaders monitor their populace.

  68. Fast Eddie says:

    Nomad,

    I’m aware of the battle between InterDigital, ZTE, among others, etc. The technology theft has been key in the ongoing trade talks. Yes, Trump does get credit for it. Meanwhile, the left are adjusting their p.ussy hats as they decide which gender they feel like today.

  69. Libturd, seen crazy things done with ping pong balls says:

    Market looks like she will finish down today. Though market has hit new highs recently, the highs it broke were set way back in August. The truth is, the market is rising, though very slowly in between bouts of Trump’s piehole-induced jolts of high volatility.

    When I actually see Trump succeed at all in stifling Chinese copyright abuse and tariff abuse, I’ll give him his due. All he’s done so far is kill a lot of American businesses that used to have healthy trade with China. He’s also made most companies that produce items made out of steel and aluminum non-profitable. On the bright side, there is a help wanted sign at Dunkin’.

  70. Libturd, seen crazy things done with ping pong balls says:

    Eddie,

    The Alpha Dog thing is tired already.

  71. Fast Eddie says:

    The Alpha Dog thing is tired already.

    Said every 2nd place finisher from the beginning of time.

  72. chicagofinance says:

    Green karma

    You couldn’t make this up: European climate activists followed Greta Thunberg’s lead and sailed for weeks across the Atlantic to attend a UN climate confab in Santiago, Chile, only to find it’s been canceled.

    And the reason the Chilean government called off the COP25 conference? Riots sparked by punitive climate policies — including carbon dioxide taxes on energy — that have jacked up the cost of living.

    The Chilean government also decided to switch the subway system over to 60 percent wind and solar, an expensive indulgence that forced up the price of fares.

    Now the people of Chile are firing a warning shot across the bow of other nations considering energy taxes and the precipitous uptake of renewables, as dictated by the Paris climate accord.

    Chilean unrest and soaring energy prices in other climate-virtuous countries show us why it was a good idea to pull out of Paris.

    Not that Thunberg and friends will acknowledge their folly if they finally do make it to their new destination, Madrid.

  73. chicagofinance says:

    Take a standard 2500-3000 CHC and finish off the basement…..

    joyce says:
    November 7, 2019 at 1:02 pm
    I’m with you on everything but isn’t 3500-4000 on the larger end?

    JCer says:
    November 7, 2019 at 11:54 am

    Right now peak desirability is 3500-4000 sqft walking distance to town center with a train to NYC, 0.5 manicured acre flat property, city services(water, sewer, etc), and on a quiet street. This is why places like Glen Ridge, Maplewood, Montclair, and Ridgewood are currently fetching good prices.

  74. Fast Eddie says:

    Market looks like she will finish down up today.

    There, fixed it for you.

  75. Fast Eddie says:

    DOW and S&P hit record highs!! Democrats enraged!! Vow revenge as they unleash super duper, top secret, triple dog dare impeachment inquiry!!

  76. Nomad says:

    Eddie,

    I don’t believe POTUS was addressing the IP theft, can you refer me to an article about that? Note that unfortunately our exports to china are down significantly and theirs to us for the most part unchanged. Part of that could be china lowering prices to absorb the tariff costs indirectly. US farmers don’t have the luxury of lowering prices as it would put them below break even.

    The tariff thing gets tricky – It is paid I believe at the point of import but some goods as mentioned above may have had their prices lowered to cover some / all of the tariff.

    I know you like to do political jousting and exchange barbs. Remember that GM Plant in Lordstown Oh he was going to save? Murray Energy, nations largest coal producer filed ch 11 the other day.

    Seriously though, some of the back and fourth between our elected officials is like elementary school in its childish nature. Some of these things are just evolutions in our economy, manufacturing and long term trends that over time, move one way then another. Being from flyover, I would like to see as much as possible good manufacturing jobs return to the heartland. The Union was good when there were no safety mechanisms in plants many decades ago but they took it to the extreme and made automation and globalization economically viable. While the economy here seems pretty good for many, the struggles in flyover are the norm and reinventing oneself is possible it is very hard. 3D printing should bring more of the manufacturing onshore since the labor component is far less and transportation costs / leed times drop.

  77. Libturd, the Master Beta says:

    And that’s without the trillions in share buy backs and tax cuts.

  78. Yo! says:

    Borough of Franklin Lakes School District Statistics

    2007 1,521 students, 158 employees (10:1 ratio)
    2018 1,135 students, 190 employees (6:1 ratio)

    Falling enrollment yet more employees. Has anybody in Franklin Lakes notices this?

  79. Mike S says:

    Where can you find those stats? Some website? I’d be interested to lookup for many towns…

  80. grim says:

    Falling enrollment yet more employees. Has anybody in Franklin Lakes notices this?

    This is consistent across most of North/Central NJ

  81. ExEssex says:

    Bloomberg 2020 – That just might be the ticket.

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  83. The Great Pumpkin says:

    Samurai might be right..

    “New Residents Are Spending Big in Columbus
    The Ohio capital is the fastest-growing Midwestern city, pushing up real-estate prices and spurring major transformations of traditional neighborhoods and historic properties”

    https://www.wsj.com/articles/good-buy-columbus-11573145397

  84. The Great Pumpkin says:

    Going to dinner, but two relevant articles for the blog to digest.

    “The Secret and Frustrating Life of a Google Contract Worker”

    https://apple.news/ArdIRV9lHTdKSX_vS_mP_fw

  85. Blue Ribbon Teacher says:

    To check the school report card to see average class size. If it hasn’t decreased, they probably have a bunch of cushy positions for various people

  86. kamagra says:

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  87. The Great Pumpkin says:

    Ignorance is bliss..

    Yo! says:
    November 7, 2019 at 5:00 pm
    Borough of Franklin Lakes School District Statistics

    2007 1,521 students, 158 employees (10:1 ratio)
    2018 1,135 students, 190 employees (6:1 ratio)

    Falling enrollment yet more employees. Has anybody in Franklin Lakes notices this?

  88. The Great Pumpkin says:

    Any of you little d!icks think teaching is overcompensated, then why are you paying you babysitter what you are?! Truth hurts..

    If teaching is so f’en lucrative, then go do it for less and save the taxpayers some money.

    Crickets..won’t wait for your ridiculous reply.

  89. The Great Pumpkin says:

    Yea, exactly, want the world, but want it for cheap. Lib should create a cheepos cult and you should all join. Top dollar for your effort but f!uck everyone else.

    Essex hasn’t even done abbot teaching, but he has tried to shown you the light. Teaching is so underpaid, it’s not even funny. Keep blaming them for your high taxes Jack asses.

  90. The Great Pumpkin says:

    Come do teaching, I dare you. You won’t give up your job or your compensation for a second. Lib, you jackass, want to trade jobs?

  91. The Great Pumpkin says:

    I’ll take your commute and compensation any day over having to teach another day to juvenile delinquents who I’m held accountable for.

  92. The Great Pumpkin says:

    Truth hurts, but none of you will acknowledge how difficult it is to teach in the ghetto. Again, I’m making six figures, come do my job, I will trade you…since you have it so bad.

  93. The Great Pumpkin says:

    I’m interested in starting a small business. Also, I’m interested in tapping my equity in my properties.

    Any recommendations for a small business?

    Also, would you go for 1 or 2 million dollar property building, or spread at the risk over multiple rental properties?

    If you are so smart, let me know your opinion.

  94. No One says:

    I’ve been in China and Taiwan this week. Taiwan is so much more pleasant. Chinese people work hard, but the collective thought control and propaganda is fatiguing. Try spending several days with no google search, no access to non-commie news. Fake newspapers that makes American biased news seem great. Chicoms even block The Wall St Journal. Not surprisingly they only allow CNN in the fancy hotel channels.
    In Taiwan by contrast, they elect people to serve them in govt, they have free speech in newspapers, and much less pollution. Proof that Chinese people need not be controlled by an oppressive govt.

  95. The Great Pumpkin says:

    “The mistake many investors made back then, including yours truly, was missing the fact that the iPhone is not a phone, but a portable computer that also makes phone calls. Apple (ticker: AAPL) did not dethrone Nokia (NOK); Nokia did that to itself. Nokia should have looked at the iPhone and thanked Apple for showing the future of the phone—then gone on to develop its own smartphone.
    Which brings us to Tesla (TSLA) and traditional carmakers. The transition from internal-combustion-engine (ICE) cars to electric vehicles (EV) is not just a technological shift within a domain, like the transition from two-wheel-drive sedans to four-wheel-drive SUVs. This is a radical shift into a new domain. In theory, nobody knows more about making cars than the traditional ICE carmakers, and so EVs made by these companies should be the ones busying our streets a decade from now. Yet the success of ICE car manufacturers in this new domain is anything but guaranteed.
    ICE cars are Nokia phones; Tesla’s Model 3 is an iPhone 3G. Cars last about 12 years and phones two to three, so this transition will happen slowly. During this time, many of the assets and much of the knowledge from the old domain will become liabilities in the new one.”

    https://apple.news/AGjGj7S76Q6m3FUQiyjSfMQ

  96. Pumpkins 🎃 life coach says:

    Find a business that makes people fatter or dumber, preferably both and you will succeed

  97. The Great Pumpkin says:

    Anyone familiar with this location? Negatives/positives?

    “Excellent investment in the heart of West New York, NJ. The property features 4 (2BRMS) 1 (1BRM) plus a commercial space and a garage. The investment also includes a billboard, one of the few in town, that can make the cap rate increase to over 11%. All apartments are in very good condition. Seller pays heat and hot water. The property is conveniently located to transportation to New York City on the corner. For showings please email me. The seller requires listing agent proof of funds showing at least 35% down payment before setting up appointment.”

    https://www.loopnet.com/Listing/6006-6008-Kennedy-Blvd-West-New-York-NJ/13638180/

  98. Blue Ribbon Teacher says:

    I’d check with the wife first before you decide to “tap equity”

  99. Joe says:

    I’m writing to my representative today urging we cut more funding to the abbot districts to distribute it fairly to the other school systems.

  100. PatrioticHillbilly says:

    So now pumps is going to compensate for his lacking of earning power by becoming a real estate mogul. Considering he flopped on his only nana sweetheart deal this should end well.

  101. PatrioticHillbilly says:

    That will be good for a laugh joe. The Democrats control the state and the money they siphon off the abbotts in the form of political dontations, patronage jobs, union dues, etc. funds their local political machines. They aren’t giving that up.

  102. Fast Eddie says:

    Hillbilly,

    But, it’s for the children!! What about the children!!

  103. JCer says:

    Joe, everyone knows this will fix the property tax problems in NJ but the pols will never let it happen. Equal aid to the tune of $6500 per head to each school district would make a huge difference. The political powers that be will never let anyone take their slush fund.

  104. ExEssex says:

    Uh…there’s NO deal with China re: tariffs.

    Suuuuckers

  105. ExEssex says:

    Stanislaus Consolidated Fire Protection District came into being 14 years ago when four small fire departments serving farms and small towns east of Modesto merged.

    The district now flirts with insolvency, a case study in how rapidly growing costs for pensions and other employee benefits are clobbering local governments.

    Four years ago, Stanislaus Consolidated had 80 employees, most of them firefighters, and more than $13 million in revenues. However, as budget documents reveal, its expenses, mostly for salaries, were already beginning to outstrip income.

    The district’s operational shortfall in 2015-16 was exacerbated by a new expense item, an extra $330,858 bite by the California Public Employees Retirement System, which is anxiously trying to offset its $100 billion in investment losses during the Great Recession and prevent its enormous “unfunded actuarial liability” (UAL) from growing.

    Cities and fire districts throughout the state are being hammered particularly hard by CalPERS’ extra levies for UAL because their “public safety” employees — police officers and firefighters — have California’s most generous pension benefits and therefore its highest employer costs.

    Even with the extra CalPERS charge in 2015-16, Stanislaus Consolidated’s retirement costs were not overwhelming, about 32% of wages and salaries for the district’s employees. But the UAL squeeze was about to get tighter.

    It jumped to $397,981 the next year and $517,834 in 2017-18. The agency’s 2019-20 budget sets aside $842,404 for UAL, contributing to a financial freefall.

    The district’s persistent operating deficits caused the small community of Oakdale, located just outside its boundaries, to cancel fire protection contracts worth $3.5 million a year to the district. Oakdale is now served by Modesto’s fire department.

    With the loss of revenue from Oakdale, the district was compelled to slash operations, shrinking its staff to just 59. But its retirement costs continued to swell, reaching 46% of payroll this year.

    Late last month, the fire district’s chief, Michael Whorton, announced the closure of one fire station, citing a $925,000 operational deficit in the current budget — a number not much higher than the budget’s $842,404 UAL payment.

    “We are definitely going to open it back up,” Whorton told the Modesto Bee. “We just have to close it right now because of finances and we will open it again as soon as we can.” However, he could not say when, and if, Station 23 will be reopened.

    Residents served by Station 23 are nervous about the cut, the Modesto Bee reported. “That leaves us very vulnerable,” Barbara Heckendorf said. “I don’t know where (the firefighters) are going to be coming from.”

    “It’s not something that we want to do,” Whorton said, “but we have to be financially responsible for the department. We just need to get our finances in line.”

    That won’t be easy. CalPERS has told the district that its mandatory UAL payment will top $1 million within two years.

    Throughout California, local officials have complained loudly about the ever-rising CalPERS assessments, saying they’ll have no choice but to cut services unless local voters are willing to raise taxes.

    CalPERS officials, on the other hand, contend that they also have no choice because their investments haven’t fully recovered from the last recession and they must improve their balance sheet to cope with the next downturn.

    Meanwhile, CalPERS investment returns continue to fall below expectations, thus widening the gap between its assets and what it needs to cover pension promises.

    In rural Stanislaus County, where wildfire is always a threat, it means having fewer fire trucks and fewer firefighters to respond when it hits.

  106. D-FENS says:

    There will never be a deal with China. I have been saying this. The deal we want and the deal they want are culturally incompatible.

  107. Blue Ribbon Teacher says:

    So shut em down then.

  108. The Great Pumpkin says:

    I try to save the tax payer every day. I explain daily that nothing is free, someone is paying for this. They look at me with two heads. Not free? No, there is no such thing as free.

    That then leads me to my next lesson for them. I explain that school is not a prison, it’s an opportunity to better yourself. I show them how much it costs to send them to school and then explain that you are being paid to come here and learn. I then try to get them to understand why the country is paying for free public education. I tell them that Napoleon came up with the idea that an educated populace is more productive for its country. This why we invest in you to get an education, so stop wasting it. Stop wasting my time and your time. You have one life to live, every second counts, and you better make the best of it.

    I then explain to them how is it that the “Indian” population is doing so well in the same school? How is that possible that kids going to the same exact school (so called “failing school”) are going on to Ivy League schools and becoming doctors while the rest can’t read on grade level? How is that possible? I tell them to stop making excuses and start working hard. Understand that if you work hard now, the rest of your life will be easier. If you take the easy way out now, the rest of your life will be harder. Besides, you have one life to live, don’t want to make something special of it…

    I then realize I am talking to the wall. I will still keep trying every single day to get through to these students. I don’t want us to have to be stuck with the bill for taking care of these kids as adults. So don’t think all ghetto teachers are bad teachers based on the test results. You can only take the horse to the river, you can’t make them drink.

    We do save quite a few of these kids, and I’m sure no one takes into count how much money this ghetto school saved the taxpayers in the long run. Every student we save is one less hand to support with welfare, housing, or for jail. No one ever brings this part up in their summation that ghetto schools are a waste of money. I beg to differ.

    Not every teacher is like me, but you can count on me to be there for students and tax payers. The sh!t teachers get pushed out real quick in my district. Superintendent was a Christie goon. If you are not doing your job, you are gone. Only problem is, pay is so pathetic, they have a revolving door of losers coming in and jumping out. What can you do..

  109. The Great Pumpkin says:

    Yes, some aren’t for the children, but anyone that’s been teaching long term truly cares. No one can stay that long around kids if you don’t really love being around them and helping them. Plus the monetary sacrifice for 15 years is insane. Yes, top scale is nice, but you are making 59k after 12 years. That’s pathetic in north jersey. So leave the guy alone that has been there 20 years and is now making 100k. Look how many years he was subjected to artificially low wages.

    Fast Eddie says:
    November 8, 2019 at 10:30 am
    Hillbilly,

    But, it’s for the children!! What about the children!!

  110. The Great Pumpkin says:

    The best…problem students. The administration’s response every time..did you call the parents? Ahh, that’s the answer. You mean the parents that let their child get to 9th grade on a 3rd grade reading level. Thanks for the help.

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  113. Blue Ribbon Teacher says:

    give them a voucher. Well save them for half the cost.

  114. The Great Pumpkin says:

    Whatever works. I’ve been there long enough to see the real problem, and only a fool would think a voucher is the answer.

    Blue Ribbon Teacher says:
    November 8, 2019 at 7:16 pm
    give them a voucher. Well save them for half the cost

  115. The Great Pumpkin says:

    The real answer is political suicide. Put into law, that you have to take care of your kid or go to jail. There goes the votes.

    School can only do so much. I’m with those kids one period day. I know the reality. There’s good kids in my school, too bad the other kids bring the scores down and turn it into a failing school. My district has been improving every year. You will never see Great across the board because that is not reality. We are in a capitalist based system and you expect the poor schools to compete with the rich schools. What a bunch of crap. Realistic target for graduation rate is 50% for my school. Instead they are forced to hit 90%. We all know the deal…trophy for everyone.

  116. D-FENS says:

    Picture from Mayor of Belleville. Crates of vote by mail ballots returned to sender. Was USPS overwhelmed by the new vote by mail Law?

    https://twitter.com/michaelmelham/status/1192974520266743808?s=21

  117. The Great Pumpkin says:

    “I wouldn’t want to be a utility provider, particularly in the suburbs, in another 30 years,” says James Kennedy, chief technology officer at Brisbane-based Tritium Pty. The company, which manufactures some of the world’s fastest electric car charging stations two hours north of Byron Bay, is also studying the integration of vehicles into power grids. “What might sound like science fiction is in reality only two or three years away.”

    https://www.bloomberg.com/news/features/2019-08-03/a-deluge-of-batteries-is-about-to-rewire-the-power-grid

  118. The Great Pumpkin says:

    Check out this book, follows the same theme.

    “In recent years, Google’s autonomous cars have logged thousands of miles on American highways and IBM’s Watson trounced the best human Jeopardy! players. Digital technologies―with hardware, software, and networks at their core―will in the near future diagnose diseases more accurately than doctors can, apply enormous data sets to transform retailing, and accomplish many tasks once considered uniquely human.
    In The Second Machine Age MIT’s Erik Brynjolfsson and Andrew McAfee―two thinkers at the forefront of their field―reveal the forces driving the reinvention of our lives and our economy. As the full impact of digital technologies is felt, we will realize immense bounty in the form of dazzling personal technology, advanced infrastructure, and near-boundless access to the cultural items that enrich our lives.

    Amid this bounty will also be wrenching change. Professions of all kinds―from lawyers to truck drivers―will be forever upended. Companies will be forced to transform or die. Recent economic indicators reflect this shift: fewer people are working, and wages are falling even as productivity and profits soar.

    Drawing on years of research and up-to-the-minute trends, Brynjolfsson and McAfee identify the best strategies for survival and offer a new path to prosperity. These include revamping education so that it prepares people for the next economy instead of the last one, designing new collaborations that pair brute processing power with human ingenuity, and embracing policies that make sense in a radically transformed landscape.

    A fundamentally optimistic book, The Second Machine Age alters how we think about issues of technological, societal, and economic progress.”

    Phoenix says:
    November 8, 2019 at 11:36 pm
    The future

    https://www.pbs.org/wgbh/frontline/film/in-the-age-of-ai/

  119. The Great Pumpkin says:

    I’m not going to lie, I’m scared. This change is going to come so fast, just so much that can go wrong. I just can’t comprehend what you are going to do with the legions of unemployable workers. How is this going to function with too few jobs to go around. Maybe Marx was right, but just not in the way he envisioned..the owner class will cease to exist under said conditions.

  120. The Great Pumpkin says:

    Just look what happens if we move to autonomous electric vehicles. Just killed millions of jobs. No need for mechanics or drivers. No need for the human secretary to schedule service for your car. Wtf are these people going to do?

  121. grim says:

    Wtf are these people going to do?

    Heroin.

  122. The Great Pumpkin says:

    Grim,

    Seems to be the trend..

    That Pbs video made me think about something. Uber is screaming buy. Data is the new oil. They are weaponizing their company for the future. That’s why they don’t care about profit, they are trying to get as much data as they can and it’s being subsidized by current riders. They are cornering the future market.

  123. chicagofinance says:

    Companies don’t care about profit because central banks are flooding the market with liquidity. Money is in search of places to park (no pun intended). If companies are not being asked to worry about profit they won’t. Put a gun to their head and they will change their tune in a second (i.e. WeWork).

    Shut up idiot.

  124. chicagofinance says:

    Thank you Professor Peterson.

    grim says:
    November 9, 2019 at 8:31 am
    Wtf are these people going to do?

    Heroin.

  125. Saturday RR says:

    Data is the new oil. Why do you think that Cigna/United/Aetna have such a stronghold. They are gigantic black box healthcare skimming machine. Whether is a State’s Medicaid contract or as Third Party administrator they got their hands on everything. If you notice they now have started to move the goalpost of what is “standard insurance” to Open Access anywhere within their network where they control everything, and no benefits outside of it where they have limited control. All the other insurance are not even close on how these 3 are screwing everyone in sight. This is also why they really hate Medicare. Medicare does the processing based on data and formulas that are open and well understood.

    On another topic, Pumpkin regarding your property in West New York. You understand is a rent controlled, corrupt town (biggest police corruption scandal in NJ) where you better wear a wire every time you interact with a town official. Your tenant will be in parking hell, across the street is North Bergen. Both North Bergen and West New York have very abusive parking residential permits and enforcement. That area was car dealers, car shops, not so residential friendly.

    Unless you are planning to use some of your monies to tare down the property and build a new 5 over 1 style rental/condo with sufficient parking, and you grease your way up the political world to make sure is considered “new rent controlled exempt like the waterfront” you are way off your area of expertise. Just remember it took Hoboken 30 years of full speed development to be able to minimize the power of the political corruption machine at the local level. West New York still is Hoboken circa 1987.

    This is more appropriate of the world it is https://youtu.be/YlVDGmjz7eM

  126. Sunday says:

    Saturday,

    More oil for you. Dexcom makes on body sensors worn by people with diabetes. Every couple of minutes the sensor sends a blood glucose reading which can go to a special hand held receiver or better yet, a patients smartphone. What will happen is that data will get sent to a repository. Next fall, Dexcom introduces their smallest least expensive sensor ever and it was developed with a small company named Google / Verily. At some point, tied into that continuous glucose reading will be an accelerometer to measure activity and some way of tracking if the patient is taking their meds. In a healthcare system that is transitioning from fee for service to fee for outcome, there is going to be a whole lot more patient tracking going on and if you want health insurance, you will consent to tracking. Bezos isn’t sitting around watching all of this either. Dexcom stock doing well.

  127. Saturday RR says:

    Well, does anyone have anything to say about another geriatric self-righteous New York centric billionaire that wants to tax my fat behind because he does not want to pay his own taxes.

    Further more, I say Bloomberg is so much more self-interested and compromised than Trump on this one. Trump might have bully his supporters and charge the US Govt full price for his hotels. But Bloomberg’s angle is those damn $1500+ a month rental fee per terminal. And his naked greed much more visible. Only thing covering it up is the other Billionaires in panic supporting him. Mayor MetroBottF is now the number one recipient of Billionaires’ monies.

    If Warren/Sanders goes after Wall street like they deserve (Just putting back the “Stock BuyBack” prohibition that Clinton took off) It will definite cut down on the size of the Wall Street Financial Complex and by definition on the amount of terminals being used/ income to Bloomberg LLP.

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  130. 1987 Condo says:

    SEC adjusted the stock buy back rules in 1982. Glass Steagall was removed under Clinton.

  131. The Great Pumpkin says:

    Taxes on this property are pretty much no different than jersey. They are all going to catch up to our costs..

    https://www.zillow.com/homedetails/1535-Stemmons-Ave-Dallas-TX-75208/26717313_zpid/

  132. The Great Pumpkin says:

    Thanks for the advice. Not going near it..

    “On another topic, Pumpkin regarding your property in West New York. You understand is a rent controlled, corrupt town (biggest police corruption scandal in NJ) where you better wear a wire every time you interact with a town official. Your tenant will be in parking hell, across the street is North Bergen. Both North Bergen and West New York have very abusive parking residential permits and enforcement. That area was car dealers, car shops, not so residential friendly.”

  133. The Great Pumpkin says:

    I was coming at this naively. Wasn’t thinking of the shakedown factor the closer you are to the Hudson.

    Have to stick to what I know. I’m not hear to lose money on real estate. Thank you again. Appreciate it.

  134. The Great Pumpkin says:

    I knew by the cap rate it was risky. Doesn’t make sense for this area.

Comments are closed.