From the Star Ledger:
Your N.J. property tax break would be restored under Biden spending bill
New Jersey homeowners would be allowed to deduct the full amount of their property taxes for the next five years under a provision expected to be included in President Joe Biden’s $1.75 trillion spending bill that expands health coverage, funds child care and preschool and fights climate change.
The provision would end the $10,000 cap on deducting state and local taxes from this year through 2025, when the limit is scheduled to expire anyway under the Republican tax law, according to a person familiar with the provisions who could could not speak publicly about the deal before an official announcement.
While 61% of the benefits of a full repeal would go to those earning more than $200,000, 66% of those using the state and local tax deduction in 2019 made less than that, according to the Joint Committee on Taxation.
Many of those middle-class homeowners live in New Jersey and other high-tax states, most of which send billions of dollars more to Washington than they receive in services.
Earlier in the day Rep. Josh Gottheimer, D-5th Dist. tweeted that there was a deal on SALT but provided no specifics.
“Great news! Here come tax cuts for New Jersey families!” Gottheimer said on Twitter. “Reinstating the State and Local Tax (SALT) deduction will be in the final legislative package. Now, we need to get it to the floor for a vote. We’re going to get this done.”
Still, the full repeal ran into opposition from Senate Budget Committee Chair Bernie Sanders, I-Vt., later in the day.
“What we should not be doing is repealing the SALT for people with mansions who are billionaires,” Sanders told reporters at the Capitol. “You can’t talk about taxing the wealthy and end up giving them massive tax breaks.”
First
I make 100K my taxes are Prop taxes 22K I hardly think I’m rich …
39 degrees last night and the new lighted courts in town were filled with people still playing pickle ball at 9pm.
Apparently it’s a boom for the court builders too as if you google the news many towns are now installing the 20′ x 44′ courts.
Then if you are lucky maybe DeCaprio will let you play a game.
https://www.vanityfair.com/style/2021/10/how-pickleball-won-over-everyone
The provision would end the $10,000 cap on deducting state and local taxes from this year through 2025, when the limit is scheduled to expire anyway under the Republican tax law, according to a person familiar with the provisions who could could not speak publicly about the deal before an official announcement.
In exchange for $1,750,000,000,000 of gluttonous, guzzling slop? No, I’ll pass. Keep the $10,000 cap that will expire in a few years anyway. Meanwhile, let’s tick off the days to election day 2022 so that we can seriously maim the progressive louts.
They want to raise the cap to $72,500, that should more than cover the middle class. Many upper middle-class taxpayers who were upset at the $10,000 limitation on SALT imposed in the 2017 law were never even claiming the property tax deductions previously because of AMT rules. Bloomberg says there were 5.1 million people subject to AMT before the law passed and only 200,000 after.
Anyway let’s give everyone a tax cut and then increase the deficit to fund our agenda. What could go wrong, the FED will just keep printing and buying the bonds right?
5.5 trillion and counting, the magic free money machine works folks we found a solution to all of our spending problems! Biden should fly back to Italy and ask the Pope to declare it an actual miracle!
many upper middle-class taxpayers who were upset at the $10,000 limitation on SALT imposed in the 2017 law were never even claiming that deduction, thanks to AMT rules
Did anyone see the wonderful victory speech given by Winsome Sears and a few other interviews following? She came here from Jamaica, joined the Marines when of age, went to college with three kids under five years old and is now a step away from the Governorship. The ev1l white rac1sts elected her and were loudly cheering her every word. I’ve seen subsequent interviews by her yesterday and this woman is as strong and dedicated as they come!! With tears, she said I love America!! She is a true American!! By the way, 55% of Hispanics voted for Youngkin as well. The Republican party is now the party of the productive, working class.
Wrong paste here is the FED chart, look at that slope it’s worthy of a Nobel Prize in economics.
https://fred.stlouisfed.org/series/TREAST
Sears appears to be legit Eddie. Condie Rice with street cred. Very problematic for the systemic racism narrative.
Fast Eddie says:
November 4, 2021 at 8:40 am
“Did anyone see the wonderful victory speech given by Winsome Sears…”
Winsome Sears 11/2/21: “I’m telling you that what you are looking at is the American dream…In case you haven’t noticed, I am black, and I have been black all my life. But that’s not what this is about. What we are going to do is we are going to now be about the business of the commonwealth…”
Joe Biden 05/22/20: “If you have a problem figuring out whether you’re for me or Trump, then you ain’t black.”
For Eddie…
“BOSTON — Time to retire the tired old tropes about Brahmin swells, Irish ward heelers and the petty parochialism that for too long has defined this city on the national stage. A Taiwanese American woman from Chicago is about to become the mayor of Boston, a town that, until Tuesday, had elected only white men to that office.
Michelle Wu defeated Annissa Essaibi George, a City Council colleague whose father is from Tunisia and mother was born to Polish parents in a German refugee camp.
The election of Ms. Wu, a 36-year-old lawyer, represents a seismic shift to a political landscape in which “white” and “male” were prerequisites to be elected mayor since the position was established here in 1822. Ms. Wu will join at least 11 women (and possibly 13, depending on election results) as mayors of U.S. cities with a population of more than 400,000.
It’s a long way from the Irish domination of the mayoralty that began in 1884 with the election of Hugh O’Brien, a native of County Cork. The office was held without interruption by men of Irish descent from 1930 to 1993, when Thomas Menino became the first Italian American to claim the job.
https://www.nytimes.com/2021/11/03/opinion/michelle-wu-boston-mayor.html
Minorities didn’t show for Phil. Don’t like his high handed ness. Another ivory tower progressive who thinks he knows what’s best for everyone.
600k public workers union members carried him.
Very problematic for the systemic racism narrative.
CNN and MSNBC were throwing out the rac1sm card all day long. Dear G0d, please let the left keep using the same narrative and campaign slogans. Ms. Sears said yesterday that the democrats have no message and no plan at all. She said it in way that had ZERO politician-type ring to it but with true sincerity… as if she actually felt sorry for the democrats.
JJ found a new career? Featured in Esquire but there is a paywall.
https://tinyurl.com/5n9x6etr
BTW seems he admits to a fel*ony too traveling on his brothers pas*sport out of NYC airport presumably? FBI anyone?
I also had no idea there were same sex Hasidim couples, that does not sound like TRADITION too me.
Many minority groups are also very socially conservative, and even bigoted. Many social issues that Liberals support and believe are perfectly fine are shocking to many minority groups.
Eddie – The old MSM is barely making ends meet, they need to inflame people to watch their networks. They still sell ads the old fashioned way to survive and cannot really complete with Google, Apple, Facebook who suck up most advertisement spending worldwide. They will die out with the boomers unless they adapt or be taken over completely by the the internet giants.
I would say the vast majority of people that did not bother putting on their shoes and trudging down the voting booths at the local schools is because Phil he cut off the unemployment and so they were busy working Tuesday to pay the rent.
Anyone remember the “hot crazy matrix?” She is attractive, so before you consider her please go to you tube and watch the video.
“A Newsmax White House Correspondent has been suspended from Twitter after claiming COVID-19 vaccines contained luciferase that allows people to be tracked and then guiding her followers to the ‘New Testament to see how it ends.’
Emerald Robinson claimed on Tuesday in a now-taken down tweet that ‘the vaccines contain a bioluminescent marker called LUCIFERASE so that you can be tracked.’
She retweeted a post by user Limitless Boundaries that claimed the Moderna vaccine contained the marker.
Despite its misleading name, Luciferase has nothing to do with the biblical devil. It is a bioluminescence marker that is in a class of enzymes that can produce light in a chemical reaction, according to Forbes.”
I’d rather live where Nom did.
Here is the full Equire article, it’s a must read folks..
Ari sounds like he went way way way off the reservation.
Five of his babies momma’s sued and won child support for his donations!!!
https://outline.com/uMMcY7
Boom. Get that trump revenge tax out of here.
Nomad,
China is a problem. We need to move all manufacturing away from the threat they have become.
“Pentagon Says China Plans to Expand Nuclear Arsenal Faster Than Expected”
https://apple.news/A2CMvT9PmSTG0XBfj7Anq3Q
If people don’t think there is a high chance for a war with china in the next 10 years, you are not paying attention. Their economy goes down, they are turning to war to maintain power and control.
Fast and Juice,
Lmao…are you guys really upset about a tax break. Ride or die with team red.
Pumps, a lot of us said this in 2015 and you insisted it wasn’t true.
It’s too bad they eliminated the SALT cap. Keep borrowing NJ and keep raising those taxes.
BRT: A lot of military experts question how motivated Chinese troops are to fight in the event of war.
600k public workers union members carried him.
Most people in my building casually mentioned, they voted for him because of the pension. No surprise. Some people are willfully ignorant that he slaughtered the nursing homes, ignored a rape in his admin, and has a poor performance when it comes to taking precautions on major storms.
Whites didn’t show for Jack. Don’t like his divisive and negative rhetoric. Another salesman/con man that thinks he can come to power by selling bs like a “waste of money” wall that does nothing.
P.S. i know a lot of cops and teachers that are suckers who always vote red. If you don’t think so, how do you explain two term christie. Stop the bs.
BidenIsTheGOAT says:
November 4, 2021 at 8:59 am
Minorities didn’t show for Phil. Don’t like his high handed ness. Another ivory tower progressive who thinks he knows what’s best for everyone.
600k public workers union members carried him.
3b, I don’t believe China is a military threat. What they are is a systemic threat. They have their tentacles in our politicians, corporations, media and film industries and celebrities/sporting figures. They systematically use mercantilism to bleed our economy. There’s also that whole virus thing.
With respect to the whole propganda thing, it’s pretty powerful. My uncle, who literally had to flee the CCP in the 50s with the rest of my family has come full circle to ignore everything bad they do and actually support a lot of their policies. Mind you, if my grandmother he cares for returned to China, she would likely be executed.
BRT: I would agree. But I think there is a good chance they grab Taiwan and that will involve some fighting on their part. Now would be the perfect time to do it, with the feeble administration in DC.
Jack did very well, and came close to winning. If the Republicans dump Trump they will do very well in the mid-terms. I think this special election demonstrated that Americans are tired of the racial divisiveness that the Democrats have been engaging in and the constant America is awful narrative.
Understand that the economy is not working for all. You have to invest in it. We have ignored a major investment in our national economy for how long?
Understand that the heavy investment in our economy during the New Deal era has carried our economy till now. We sucked it dry. Just like I don’t want to invest money in my rental property for things like a new roof, but if I don’t, it will become worthless over time. Producing nothing because I failed to maintain the infrastructure.
“In exchange for $1,750,000,000,000 of gluttonous, guzzling slop? No, I’ll pass. Keep the $10,000 cap that will expire in a few years anyway. Meanwhile, let’s tick off the days to election day 2022 so that we can seriously maim the progressive louts.”
Pumps get your a$$ down to AC. Your union boss is looking for you. Wants to give you a special booster shot for being such a loyal party member. Phil’s re-election ensures he will borrow a few billion more without consent and dump it into the pensions.
They also have some racial indoctrination material they need all of the members to brush up on.
Pension workers in NJ were Murphy’s onanists.
BRT,
Isn’t this what America has done to others for years?
“They systematically use mercantilism to bleed our economy.”
Pumps yo dolt. Red team? I grew up in the Bronx to Irish immigrants. You really think I would vote for someone with Ciattarelli’s extreme positions? I am like many voters a moderate, too bad there were no sane moderate choices. It was either a Trump follower or a power hungry Wall St Democrat. At least I know for now Ciattarelli is gone and Murphy will be gone soon enough either via his pursuit of higher office or term limits either way he is gone in four years. Perhaps we get a few more truck drivers to now run for office that spend only $153 dollars on Dunkin Donuts and flyers.
3b,
The race war is only getting started. No change of president is going to put the brakes on it now.
And when the new guy doubles down and starts having the police do their thing just watch what happens.
Soon enough, it won’t matter anyway, as white women aren’t having kids and in the next ten years whites WILL be the minority in America. Then it will be them with a knee on their necks.
Juice,
My apologies.
Let’s just give Murphy a chance. He obviously cares about his legacy and wants to do well. The guy is loaded and is doing this for ego. A challenge to help
fix this state which will lead to maybe a shot at the presidency. Give him a chance.
That’s why it is in our interest to help minorities and teach them to not make the same mistakes as we did in the past. Making them hate us is a recipe for disaster when our children become the minorities. We have to stop the f’ing hate. As of now, trump did a hell of a job to get minorities to hate whites. That’s going to take some time to erase. My students absolutely hate trump. Guess who they associate white people with?
“Soon enough, it won’t matter anyway, as white women aren’t having kids and in the next ten years whites WILL be the minority in America. Then it will be them with a knee on their necks.”
I hate the changing of america as the next white guy, but the writing is on the wall. Adapt or become the victim.
It’s not borrowing to pay the pension. It’s paying back the money you borrowed interest free from the pension fund for almost 3 decades. Don’t get it twisted. Too many people do.
BidenIsTheGOAT says:
November 4, 2021 at 10:12 am
Pumps get your a$$ down to AC. Your union boss is looking for you. Wants to give you a special booster shot for being such a loyal party member. Phil’s re-election ensures he will borrow a few billion more without consent and dump it into the pensions.
Boomers
“College costs increase 169% since 1980 to between $27,000 and $55,000 per year but salaries for graduates increase by only 19%”
Phoenix: Women in general are not having kids. As of about 2 years the birth rate was declining among all women of all races with the exception of white women in their 40 ‘s. I have no issue with whites becoming a minority in this country, it is what it is. However, I also don’t think that means we then go to kumbaya land, and all the other races , Blacks, Hispanics, and Asians etc work together in peace and racial harmony. I would suspect that there will be different groups vying to take the top spot that whites had , probably Hispanics based on numbers, but could be Asians based on economic power, and they in turn will seek alliances with the white minority population. In the end some group/s will be on the bottom and will be the scapegoats etc.
Who borrowed? Where did it go?
you borrowed interest free from the pension fund for almost 3 decades.
Again, understand that we are becoming the minorities. Trump rhetoric is suicide for your kids. You are going up against a population that is growing much faster than yours. Understand it, and strategically adapt to this massive change.
3b,
Guess we will have to see how it works out. We may be turning Japanese.( I really think so)
“The new data shows that, by 2019, the white population share declined nearly nine more percentage points, to 60.1%. The Latino or Hispanic and Asian American population shares showed the most marked gains, at 18.5% and nearly 6%, respectively. While these groups fluctuated over the past 40 years, either upward (for Latinos or Hispanics and Asian Americans) or downward (for whites), the Black share of the population remained relatively constant.”
Both sides engaged in racial hatred. Obama as a bi racial President could have brushed the gap between both, but he was far more interested in playing hey I am Black too.
He can’t claim the legacy of Black Americans being in slavery and then Jim Crow laws and segregation, discrimination and lynchings it’s not his legacy. A Black woman I used to work with said that to me and I agree.
That’s the thing, most people don’t realize it. That’s why it’s easy for politicians to try and make the pension problem seem like it’s all the workers fault for having a pension. Pensions are the devil. Those greedy workers shouldn’t have a pension.
People eat this up. That’s why the political team that doesn’t have access to the majority of govt worker votes strategically starts throwing up this rhetoric to get the votes of non govt workers. The game sucks.
Phoenix says:
November 4, 2021 at 10:50 am
Who borrowed? Where did it go?
you borrowed interest free from the pension fund for almost 3 decades.
GP
Who borrowed? Where did it go?
For your entertainment. A bit less serious. The one in white plays the innocent card:
https://youtu.be/mZXSkzxgRww?t=20
Phoenix,
When you don’t make your obligated pension payment for 30 years….what do you call that?
Never mind how much of my pension dollars went to private deals in real estate. How much of my money got dumped into the meadowlands or ac?
GP,
Feel free to go after those who hurt you. I believe in justice as well. And retribution.
“*SAUDI MINISTER: OPEC+ OUTPUT WILL COVER DEMAND THIS QUARTER”
3B at 10:49 . . .
In my opinion, the racial future of this country is that whites, hispanics and asians will be akin to what we consider “white” today. Like, in 1900, Irish, Italians and Eastern Europeans weren’t considered “white” but are today.
Maybe Mexican-Americans will be seen a little differently for a little longer similar to how Italians were considered a bit different for longer than other European-descended groups.
Furthermore, and just my opinion, but the less affirmative action and the less CRT-thinking is infused in society, the quicker the racial divisions go away.
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^to elaborate, in 2021 USA, if you meet someone and they tell you that they are scottish, hungarian, italian and a little lithuanian, this is interesting as a curiosity. Absolutely not considered indicative of their personality, temperment, how they might think, etc. To me, this was even already true 30 years ago when I was a kid.
In 2071 USA, if you meet someone and they are jamaican, jordanian, and japanese, it will be the same. *assuming, we are not all half-robot or something by then
Crushed That is a reasonable analysis, and they will want what every other group wanted that came here. The radical liberal mindset that thinks once whites are no longer the majority and now minorities will come in and build a new perfect society with zero racism and complete harmony is false . There won’t be necessarily one dominant group, but there will be alliances of a sort, and some groups may feel they are the marginalized group/ s. It will be very different in some ways and much the same in other ways.
3b,
I agree with you. That’s why we need to educate current generations to not hate. Instead we are amplifying hate to unhealthy levels for future stability.
Picture the impact on children with this rabid environment of hate we adults have created. From fighting at BOE meetings to fighting about vaccines/masks, wtf are we teaching the future? To hate, rage, and fight. We truly suck.
Phoenix,
Good point on the pensions. Since we are borrowing to pay it now, what did we spend it on? Only the things we didn’t need, right?
3b,
I didn’t think Obama played to his blackness much. If he did, he would have never been elected. As a matter of fact, most blacks don’t feel Obama did anything to help the blacks. Many don’t like him for this. Personally, I don’t remember Obama playing the black card at all as president. I think that is what explains his white popularity. Now HRC, she played the woman card like no woman before or since. Look where that got her.
Pumps,
“A challenge to help fix this state”
Think long and hard about this statement. Everything he has done, has been detrimental to the state. Has he helped the worker? Sure. At the detriment of the job creators. And the job creators are leaving in droves. NJ is the most moved out of state in the country per capita. What has Phil brought us? Gender equality, maternal leave, sanctuary cities. He has borrowed without referendum, which makes him the biggest @sshole in the history of our governors. Without the borrowing, he did not make his pension payments like all those before him. The SDA was an example of how little he cares about the state. Read about it, it will blow your mind. He has so much money, he pays tons of people to write positive things about him. Heck, if he threw me 100K I would too.
And speaking of the Meadowlands Authority. I’m pretty sure the guy who runs it was just one of Murphy’s appointees who wrote a positive piece on him. Funny you finger that public sector division out.
Crushed,
Problem with Latinos, they come in all sorts of colors. Will they turn on each other on the basis of their skin color? Btw, good analysis.
Lib,
You think what you want about Murphy, but remember you are rich. He has done a great job at trying to help the avg worker in an expensive state. You just can’t see it because you don’t benefit which is understandable.
He has also helped our economy by trying to create a vision of who we want to be in the future. He has been working hard on selling the business community on the strengths of this state for businesses. It’s not all about taxes—-if it was, why do the high blue tax states contribute the most to the GDP by a mile?
The guy has the right vision and plan for the future even if a lot of people can’t see it. Wish they could.
What was Jack going to do? Cut everything and skip pension payments? Wtf does that do for this state. Puts us right back into the christie years where you cut all govt investment (that’s what govt spending is). That destroys the economy, lowers our credit rating, and leaves us in worse position than when he would have came into office.
Cutting taxes is not a viable strategy if it hurts the economy more than it helps.
Hey pumps
I’m an average worker in the state. Tell me how Murphy has helped me.
Murphy did more damage to the ducational system allowing schools to stay closed. I’ve never seen anything this bad in terms of gaps in learning. We have an entire high school that cannot do algebra. And we’ve been ranked 1 before and stayed open much more than any other schools
“Fast and Juice, Lmao…are you guys really upset about a tax break.”
It’s called principled…a set of ethics and and beliefs that aren’t situational, ie. they don’t change even if the facts go in your favor.
Something your incompetently comfortable, rotely employed, societal leeching fragile ego would not understand.
Go tweeze the last weeds off your lawn and wash your ten year old beemer while furtively glancing down the highway for someone who may be slowing to take pictures of those marvelous suburban columns.
The stated of NJ is not the federal government. They cannot escape their obligations with a printing press
“If the Republicans dump Trump they will do very well in the mid-terms.”
In a case of ult1mate ir0ny we can thank Zuck and D0rsey for the Red swell….
Does anyone think if Trump had an active Tw1tter account any of those politicians would have won?
Virg1nia? Can you imagine the constant stream of daily stupid, inflammatory tw33ts that would have turned the swing vote off to anything Repub?
Nassau County? LOL…m3tro NY knows (and dislikes) this fool better than anyone. Durr?
And on….run the math….so, never in my life would I ever expect to say this, but thank you Jack for your overtly politicized banning of opinions with which you do not agree.
Now, if Let1tia James will just do her job….
Hey grim, comment in mod can’t figure it out…if you’re around and can spring it thx
“I hate the changing of america as the next white guy, but the writing is on the wall.”
What a biased, myopic assh0le…
Speak for your yourself because you don’t speak for this white guy….
I welcome the changing of America and the cultural differences that emanate….imagining an America that homogenously looks like Wayne full of Pumpkins is downright frightening.
Lib: I remember the Obama years a little differently perhaps then you do. But I agree he did nothing to help Black Americans or Americans in general. I voted for him twice, and I’m the end he was just a self-absorbed empty suit, and quite full of himself.
Empty suit, I’ll give you. Though, I think we would have been worse off without the ACA, personal bias aside.
I’ve been begging the democrats to get away from the gender, race thing since the early Obama years. You get that for free. That’s the easy stuff. Saving the country from Wall Street is my primary interest. It’s why I am a fan of Bernie, even though he comes with the gender crap as well.
He has done a lot, from raising the min wage to offering free community college. He is focused on trying to improve healthcare access. Over and over, he has went out of his way to help workers through so many programs.
It’s not his fault the pandemic happened, but he has done a hell of a job with it. He was quick to move to stop the spread of a virus we never battled with. He helped keep workers in their house instead of being kicked to the street which would have been a disaster for the economy. He has helped get fed funding for so many businesses that lost money in our war with covid.
What do people like BRT want from him? Was he supposed to take a major risk by not closing schools or making an effort to contain the spread of the virus? If sh!t went wrong, who would be blamed? Give the guy a break already. He’s demonstrated that he is highly competent in a leadership role.
All his campaign promises he mostly came through on. He has put nj way ahead of other states when it comes to moving to a green economy.
Is he perfect? No, but who is. The guy has done a great job.
Average worker Phoenix says:
November 4, 2021 at 1:09 pm
Hey pumps
I’m an average worker in the state. Tell me how Murphy has helped me.
Right. Paint me as a trumper. Nice try.
leftwing says:
November 4, 2021 at 1:39 pm
“I hate the changing of america as the next white guy, but the writing is on the wall.”
What a biased, myopic assh0le…
Speak for your yourself because you don’t speak for this white guy….
No, no, no….it’s team red politics. You will do whatever your team says. Just own it.
leftwing says:
November 4, 2021 at 1:22 pm
“Fast and Juice, Lmao…are you guys really upset about a tax break.”
It’s called principled…a set of ethics and and beliefs that aren’t situational, ie. they don’t change even if the facts go in your favor.
Lib: I agree on the ACA, it ain’t perfect, but better than nothing. He got it passed, but it was not his idea. As far as the racial thing the Dems need to give it a rest , fix what needs to be fixed, but stop the rhetoric. That’s a comment from my Nephews Black wife.
In New York we always go big, so I’m going to take my first THREE paychecks in Bitcoin when I become mayor. NYC is going to be the center of the cryptocurrency industry and other fast-growing, innovative industries! Just wait!
https://twitter.com/ericadamsfornyc/status/1456311827550384129?s=21
Go long NYC!
Murphy is like Ray Donovan, only he is the fixer and the celebrity.
He makes massive contributions to Obama and gets a cushy Germany Ambassadorship which he is almost recalled from when he makes disparaging remarks about the Prime Minister. He pays lots of German journalists to cover it up. Heck, he doesn’t even have to apologize. It’s good to be the King.
In 2016, a campaign worker is raped by another campaign worker. The rapist tells Murphy. Murphy says he’ll take care of it. Not only does he do absolutely nothing, he appoints the rapist to a high paying position that he is not qualified to work. Rapist has to blow whistle with the WSJ to get Murphy to act. Resolution, I’ll be more careful.
In 2017 the SDA is investigated for massive losses of money. The public finds out it’s filled with Murphy campaign financiers (mainly union heads) and advisors all unqualified for their positions. These appointees went to hire their own relatives and did little more than give all of themselves raises. Murphy claims he was not aware of any of it. It’s his operatives fault. Resolution, I’ll be more careful.
2017 Murphy hires huge campaign contributor to head NJ Transit. Corbett, initiates huge image campaign. Blames Chris Christie for underfunding NJ Transit during the great recession. Four years later, NJ Transit is still the worst commuter railroad in the country in nearly every category. Their bussing is not much better.
In 2020, though warned that nursing home patients would die if covid patients were returned to nursing homes, Murphy did it anyway knowing the consequences. This is fact. More than 8,600 residents and staff at long-term care facilities died. All Murphy could say is that they were supposed to be separated. The fact NJ’s long-term care facilities are a disgrace, not addressed.
As for big business? How many large companies have moved their headquarters out of NJ on Phil’s watch? Tepper, Mimeo, Mondelez. It’s not surprising. NJ ranks dead last for business climate. “the facts show that NJ’s economy underperforms both the nation and its neighboring states in terms of incomes and jobs, and that NJ has one of the worst outmigrations of businesses, people and wealth of any state.”
How’s that minimum wage going? Last I looked, every place that used to pay $10 an hour was fully staffed. Now at $12-$15 they can’t find anyone. Hmmmm.
Murphy was an absolute trainwreck of a governor. He was a progressive darling. To the detriment of everyone who worked hard to get where they were. The truth is, he was all tax and spend, only his spending was all on handouts to those who become dependant on it. We know how well that works.
Lib: Excellent analysis on the disaster of Murphy!! I don’t know how any honest person can he is doing a great job!!
https://youtu.be/5Yz_46iVa7o
Does anyone know what Phil Murphy actually accomplished at GS? Seemed to be one of those guys forever in management, dealing with people management more than actual business. Getting put in charge of businesses that he didn’t actually know much about.
More good stuff NoOne.
“From 1997 to 1999 Murphy served as the President of Goldman Sachs (Asia). In that capacity, he was officed in Hong Kong. During this time Goldman Sachs profited from its investment in Yue Yuen Industrial Holdings, a shoe manufacturer that became notorious for its harsh labor practices.”
There’s no way Murphy was good at anything. Can you imagine that guy wanting to join your crew during happy hour after work?
“Right. Paint me as a trumper. Nice try.”
Read what you write, idiot. Your words, not mine.
“I hate the changing of america as the next white guy, but the writing is on the wall.”
“….it’s team red politics. You will do whatever your team says. Just own it.”
Uhmmm, no.
I don’t roll that way. May be why some ‘friends’ ignore me when their ankle bending kid doesn’t get on some AAA team….I’m straight and narrow. Where I come from – personally and professionally – what matters is your reputation and character. Takes a long time to build, and no time to destroy.
But from the content of your lifetime of posts here one can easily surmise you have no idea of these concepts.
And, BTW, as I’ve stated and shown repeatedly I am not nor have I ever been ‘Team Red”.
Actually BRT,
From what I read about Murphy a very long time ago. He was a crazy Irish drinker and often the life of the party in his college and early GS days.
Though I still wouldn’t want to hang with him these days, unless he was buying. :P
Murp profited handsomely to say the least when GS went public. Corrine when he was leading GS was fantastic, got the firm out of some bad situations in 1994, real bad. GS kept it out of the press for the most part, but the firm was in real danger.
Anyhow, when he pushed to go public so GS would be able to compete with the big Euro banks ( how ironic that is today) , he wanted deep employee ownership of the firm as opposed to the younger hawks led by Thain and Thornton ( fame and gain as they were called internally and it was meant to be negative). They decided Corrine had to go and engineered a coup and got rid of him. Long story short most of the fortune went to the partners not the employees.
Of course it”s New Jersey.
Vin Gopal now up in vote count and Sweeney won’t concede, he claims they found 12,ooo votes for Murphy so I gather he is waiting for more votes to be found for him.
https://newjerseyglobe.com/legislature/gopal-takes-lead-in-close-senate-race/
Hate on murphy all you want, the guy came from nothing, went to elite schools, and retired young. The guy is smarter and more accomplished than his critics care to acknowledge.
Left,
If you are not a team red player, I’ll take your word for it. You do sound like a devout red soldier though, you just might not realize it.
Lib,
The guy understands how important public transportation is to this economy and state. He is trying to fix it. You think it’s an easy over night fix? What do you suggest he do? He’s slowly trying to fix it.
Come on, you can’t blame this all on Murphy. No one knows the real story. If this princess was so hurt, why did she continue to work for him? Her word means notjing to me. She let the guy in her house after a night of drinking. F her.
“In 2016, a campaign worker is raped by another campaign worker. The rapist tells Murphy. Murphy says he’ll take care of it. Not only does he do absolutely nothing, he appoints the rapist to a high paying position that he is not qualified to work. Rapist has to blow whistle with the WSJ to get Murphy to act. Resolution, I’ll be more careful.”
Come on. Murphy prob had no idea what was going on here. He didn’t start this program, so let’s not put all the blame on murphy. You act like he knows everything that is going on in this state which is impossible.
“In 2017 the SDA is investigated for massive losses of money. The public finds out it’s filled with Murphy campaign financiers (mainly union heads) and advisors all unqualified for their positions. These appointees went to hire their own relatives and did little more than give all of themselves raises. Murphy claims he was not aware of any of it. It’s his operatives fault. Resolution, I’ll be more careful.”
Come on. Again, did our GDP stop going up? So you are going to use businesses that already made their money, and now need cheap taxes and low cost labor to survive. Nj is not the place for these businesses that already had their day. The fact of the matter is, our gdp continues to dominate most states and countries. Businesses are still here and as many move out, new ones move in. It’s a small state. Give it a break.
“As for big business? How many large companies have moved their headquarters out of NJ on Phil’s watch? Tepper, Mimeo, Mondelez. It’s not surprising. NJ ranks dead last for business climate. “the facts show that NJ’s economy underperforms both the nation and its neighboring states in terms of incomes and jobs, and that NJ has one of the worst outmigrations of businesses, people and wealth of any state.””
Yes, because the labor market finally turned their noses up at slave labor wages and now business owners are crying. Pay the f up. Stop being greedy. Don’t cry that I offer 15 an hour and can’t find anyone to work, do something about it. Pay up.
“How’s that minimum wage going? Last I looked, every place that used to pay $10 an hour was fully staffed. Now at $12-$15 they can’t find anyone. Hmmmm.”
Oh wow, we hold our businesses accountable to a certain standard. Such a bad thing. We should just let business do whatever they want so we end up with all these superfund sites again. We learned our lesson from the past, we don’t let businesses do whatever they want and then leave us with the bill again after they leave.
And how do we underperform other states in terms of income?
“NJ ranks dead last for business climate. “the facts show that NJ’s economy underperforms both the nation and its neighboring states in terms of incomes and jobs, and that NJ has one of the worst outmigrations of businesses, people and wealth of any state.”
re: “crazy Irish drinker”
So are you saying he out drank the Germans while he was working for GS and later as Ambassador? I find that hard to believe. If anything he was moderate drinker compared to them.
Pumps – straw man arguments again?….High taxes in NJ have nothing to do with Super Fund sites. In fact if you read the latest 2600 pages of Federal Legislation as I have there is more Federal money for cleanup. As long as there are state lines there will always be somewhere else more favorable to domicile the corporation like Delaware or “disruption” like Texas where you can launch a rocket off a beach to Mars.
There is no way no how Elon Musk would have built the SpaceX launch site in New Jersey. Too many hands out for sure and it would have taken two decades to build the dam thing due to cost construction overruns. We cannot even build a mall or Tunnel or Portal Bridge around here without “extra” billions.
Juice,
True, but they messed up our state’s environment when they had a free ticket to do as please. That was my implication.
Am I totally correct with all my positions posted today, no. But it’s still a two way street. Nj allows for people to make money, but the cost is taxes. If we had low taxes and high pay, this state would be congested to sh!t. Everyone would want to be here. People crying that so many people moving out, but leave out the part where our population is still going up.
Is nj perfect? No, but I’m a jersey boy and will always see the good things this state offers. If I truly didn’t believe this, I would leave. This place might not be appealing to others, but I love this state.
I don’t want nj to become texas or Florida. If I wanted this state to be more like them, i would just move there.
Jersey is a special place, imho. It’s that perfect balance of city life and suburban life. It also offers that rural feel in a lot of the state. I don’t think any other location in the U.S. is like this place or offers anything like it. Again, it’s not for everyone. It’s way too crowded and high taxed, but it is what it is.
Pretty good article on teaching. It’s not easy and I have no idea what the answer is.
“I was fighting the overwhelming tide of a system intent upon handing over diplomas. Over half of my students would have failed if I gave them the grade they earned. But the unwritten, yet well-communicated, rule was that teachers should never fail a student if it could be helped. The onus was on the teacher to hound students for late assignments and find a way to bump them to a C.”
“Perhaps the most powerful incentive for lowering standards is social proof. The large number of very bad schools (typically in low-income areas) lowers the expectations of every other school by manner of comparison. Students transfer in from these schools and are amazed to see teachers even attempting to teach lessons. Teachers transfer from these schools and are shocked that most students turn in their work. This creates an atmosphere where any comment about low standards is met with a dismissive, “Try working where I used to work. These kids are a teacher’s dream.””
https://quillette.com/2021/11/03/the-demoralization-of-the-american-teacher/?fbclid=IwAR3heGAcEpcXcXRvWGAgV27tW3AnnHNlU4hSaae23TJ1Dhxf5NymYYVYyCM
Give it a watch if you want to see bitcoin from the perspective of the people driving it. I just wish I was smarter and more open minded 8 years ago when some friends were trying to get me to buy. I just wasn’t smart enough to see it for more than a ponzi scheme because I clearly didn’t understand it. There is a reason china banned this…
https://youtu.be/qk4gZrBR9CU
Murphy is a piece of trash. A classic liberal hypocrite, did he not realize what he was doing at GS? He was involved in financing companies tied to an oppressive regime in China who utilized slave labor and were responsible for taking away quality jobs from the American working class. Murphy’s millions are basically blood money, how do you claim to be “progressive” when your fortune came from exploitation?
He cared about the optics so he swept a rape allegation under the rug instead of handling it properly. He has bungled most every initiative he has been involved in. His handling of the COVID pandemic was horrendous, acting like a petty dictator, killing seniors, crushing small business. The solution to NJ’s problems first involves tackling the graft and corruption which Murphy seems to have added to. There are too many political appointees who are fundamentally unqualified and overpaid, the SDA debacle is the root of the problem.
REVEALED: Unvetted Republican truck driver for Raymour & Flanigan who caused a huge upset by defeating NJ State Senate president with just a $2,000 campaign has a long history of racist, Islamophobic, transphobic and anti-Semitic social media posts
Murphy was good friends with John Mulhern ,and was fun to be around …
Pfizer COVID antiviral showing decent efficacy, shares up nearly 10% pre-market….PFE making absolute bank off this pandemic
With all the therapies we currently have, and the extent of vaccination, shouldn’t we be seeing mortality rates that are significantly lower than they actually are?
How is NJ still seeing ~20 deaths a day?
Plotting hospitalizations to deaths, you aren’t seeing any real improvement over last year. Monoclonals, Antibodies, Antivirals, hell Ivermectin and whatever else. But we’re still seeing a similar hospitalization -> mortality rate as pre-everything.
What gives?
Here you go, suspicions confirmed:
https://ourworldindata.org/mortality-risk-covid
Covid case fatality rate – United States
3/20/2020 – 1.95%
11/4/2021 – 1.62%
Granted, it’s fallen, but not anywhere near where I would have expected it to be.
Huge jump in jobs, big revisions.
It points to me that dying of covid and dying with covid have been totally conflated. Kind of like dying from toenail fungus. It’s going to settle on a baseline.
October private sector 640k (531k headline) – big beat
September revised up 120k
August revised up 120k
UE down to 4.6%
Murphy is fake woke. Put up to it by his wife so they can advance their political ambitions. Hard to take a guy’s altruism seriously when he’s made millions on banking and then finds his cause when all of his assets are locked up in tax advantage accounts.
It points to me that dying of covid and dying with covid have been totally conflated. Kind of like dying from toenail fungus. It’s going to settle on a baseline.
Couple of options:
1) Cases are actually far higher than reported right now, meaning cfr is artificially inflated.
2) Delta is actually deadlier than previous strains, not just more infectious.
3) Sicker (higher co-morbidity) people are getting infected as time goes on – (eg. letting our guard down)
Most of these are unsatisfying.
1) Far more likely we undercounted cases early on, meaning our starting point was actually an artificially high reading (so it’s worse than the comparison suggests).
2) Research is not saying delta is more deadly, but is more infectious. That should result in no change to CFR.
3) Again, seems highly unlikely that we’ve got less precaution in place today, than we did at the start of the pandemic, especially in NJ.
I think #3 is still happening. The shots wane very quickly in that group if they took it.
It’s politics guys. There are no “good” natured politicians. You think Jack is any better of a person? Nope. He’s also nowhere near as good as murphy at politics. Murphy has done what no democrat has done in this state in my lifetime, won a second term. That means he is good at what he does. He is our only moonshot gamble to get a nj politician in the president’s seat. If he does that, we all win in NJ BIG TIME.
Agreed.
grim says:
November 5, 2021 at 8:42 am
It points to me that dying of covid and dying with covid have been totally conflated. Kind of like dying from toenail fungus. It’s going to settle on a baseline.
Couple of options:
1) Cases are actually far higher than reported right now, meaning cfr is artificially inflated.
2) Delta is actually deadlier than previous strains, not just more infectious.
3) Sicker (higher co-morbidity) people are getting infected as time goes on – (eg. letting our guard down)
Time will tell on the covid deaths. It has certainly bright huge numbers forward but the excess deaths are the question. Colin Powell died of covid. 84 with blood cancer and a bunch of other problems. What was his life expectancy at death?
I know it’s impossible, but if we were able to get all people vaccinated, this would have been over. The virus would have had a very hard time doing what it does. Now anti-vax crew is going to come back at me with the line that the vaccine doesn’t stop spread. True, but you are misunderstanding the big picture. You simply don’t get it.
This SALT gimmick by the Democrats is a piece of work. So much for their tax the rich BS.
Good luck not getting a vaccine. Playing with fire.
“COVID proteins that trigger strokes and heart attacks identified by Israeli team
Discovery, made through ‘peek in virus’s black box,’ could lead to therapies that halt havoc wrought on vascular system, say Tel Aviv University scientists”
https://www.timesofisrael.com/covid-pieces-that-trigger-strokes-and-heart-attacks-identified-by-israeli-team/amp/
It’s a good thing the vaccine codes for all 29 proteins in the virus.
3b,
They knew it was never going to happen. That’s the “good cop” part of the routine.
All on the same page all of the time.
Choose either side, good cop, bad cop, you are getting convicted and going to jail.
Not one of these elites are on your side. It’s about them-and telling you whatever you want to hear in order to get what they want-your votes.
BRT,
Don’t worry, the Chinese aren’t done with us yet.
This is only a test.
So what’s the answer? You are getting the virus no matter what, correct?
BRT says:
November 5, 2021 at 9:38 am
It’s a good thing the vaccine codes for all 29 proteins in the virus
3b, check this out before you spread that wrong information.
“I thought the SALT cap was a cost of living issue. I learned after comparing tax costs that it’s mostly a tax rate issue. It benefits low tax states that vote republican. I stumbled on this paper that concurs and includes math.
eml.berkeley.edu/~auerbach/did-…”
With all the therapies we currently have, and the extent of vaccination, shouldn’t we be seeing mortality rates that are significantly lower than they actually are?
How is NJ still seeing ~20 deaths a day?
Plotting hospitalizations to deaths, you aren’t seeing any real improvement over last year. Monoclonals, Antibodies, Antivirals, hell Ivermectin and whatever else. But we’re still seeing a similar hospitalization -> mortality rate as pre-everything.
What gives?
The vaccine isn’t as effective as it was initially sold. Still lower deaths, but not zero. Efficacy fades. The reality is, the vaccine is not the magic bullet. Therapeutics, early treatment, and monoclonal antibodies should have been used for just about every positive case ASAP for people in a certain age cohort. This whole, go home and come back if you get worse approach has been insane from the get go. We haWith all the therapies we currently have, and the extent of vaccination, shouldn’t we be seeing mortality rates that are significantly lower than they actually are?
How is NJ still seeing ~20 deaths a day?
Plotting hospitalizations to deaths, you aren’t seeing any real improvement over last year. Monoclonals, Antibodies, Antivirals, hell Ivermectin and whatever else. But we’re still seeing a similar hospitalization -> mortality rate as pre-everything.
What gives?
We have enough papers showing if you take Quercitin, Zinc, and Azithromycin,
in the first 5 days, it gets enough zinc into the body to slow the viral replication and the antibiotic prevents infection. This prevents hospitalization and speeds recovery. But the FDA and CDC keep running clinical trials on people with bad infections past 5 days out to “disprove it”. These are the same people that still refuse to acknowledge that someone who has recovered might actually be immune. If you watch Rochelle Walensky’s testimony yesterday, she was asked the question numerous times and was clearly trained and prepped to not answer it. Both her and Fauci consistently took a run out the clock strategy.
Chi posted a link of Gottlieb a few days ago saying there’s no excuse for anyone dying of this disease given the wide range of options we have available now, and he’s not even talking about Ivermectin, HCQ, Zinc, or Quercitine. He was talking about the monoclonals, steroids, and the governments newly favored non-generic antivirals.
Trump stuck it in your a$$ if you live in Nj.
“The red-blue differential is explained by the limitation on the SALT deduction.
Excluding the SALT limitation from TCJA, the average red-state spending gain is 1.9 percent versus 2.1 percent for blue states. In particular, “rich” households in blue states receive less favorable treatment than “rich” households in red states, where SALT tend to be much lower. For example, red-state households in the top 10 percent of the national age-specific resource distribution receive a 2.0 percent boost to their remaining lifetime spending compared to just 1.2 percent for blue-state top 10-percenters. If changes to SALT had not occurred, the gains in spending would have been very similar for the top 10 percent regardless of state. In our “No- SALT-Limit” scenario, the richest 10 percent of households in red states would receive a 2.6 percent increase in spending versus 2.7 percent in blue states. Thus, among the top 10 percent, the differential between red and blue states is driven almost entirely by SALT.
This paper proceeds in Section II with a brief overview of the TCJA. Section III presents our data and methodology for computing the change in lifetime spending. Section IV presents our results and Section V concludes.”
So what’s the answer? You are getting the virus no matter what, correct?
There is no way this virus doesn’t enter everyone’s body at some point. Your fantasy of wiping it off the planet via vaccination is impossible. As an adult, you should definitely be vaccinated prior to coming into contact. As a child, I would love for them to get the J&J trials done, so we can actually have one that doesn’t involve us giving 40 kids myocarditis to potentially prevent 1 death. The lower 1/3 dose may do just that, but they only did the trial on 2000 kids. It wasn’t large enough. The public is going to use their kids as guinea pigs for the 5-11 rollout.
punkin head,
No school today?
Brt,
I think I 100% agree with you. Cheers.
Let them know, Ross!
“Good numbers. No coincidence. Economy is growing nicely. Roaring 20s has begun.”
https://twitter.com/gerberkawasaki/status/1456615966410821632?s=21
No Ed, his students take alot of “tests” apparently. Can you imagine what his pupils say about him?
“Oh Mr Blumpy? We don’t know what he looks like because his face is always staring at his phone, fingers moving at light speed while he mumbles to himself. Everyday we have same test – when was Wayne founded and who defeated the Japanese in WW1?”
“It points to me that dying of covid and dying with covid have been totally conflated.”
Yes. In addition I would be cautious with such a small differential, eg. the Colin Powell COVID example. Further, I would take a different starting point than 3/2020 since those numbers of any would be most suspect to me as we were just becoming aware of the disease.
If there is still only a slight decline in mortality rate after these adjustments it may just reflect the reality of the disease….it is a disease of the elderly and frail.
The vast majority of the population is at zero risk of death…the narrow populations that are going to get ravaged will, while everyone else (98%+ of the population, a huge denominator) won’t be affected….basically, the numerator is so small relative to a large fixed denominator mathematically the needle won’t move that much especially accounting for how deaths are actually classified over time.
Timely analogy…..SF rolls out vax and mask mandates for all schoolchildren. One would expect to see mortality go down. They are starting with zero deaths over the course of the pandemic in this cohort however. Big denominator of a healthy population will make any stat coming out of there meaningless. One kid kicks and the death rate has an infinite increase…..
While total deaths in the US is not directly comparable, you get the point.
Glad to see WSJ waking up.
“The world needs $4 trillion a year to transition to a carbon-free economy.
Sound like a lot? It’s not.
Every year, the global financial system channels trillions of dollars from people who have capital to people who need it without breaking a sweat. Doing the same to achieve net zero carbon emissions by 2050 is well within its means. It just needs something to invest in.”
https://www.wsj.com/articles/why-financing-the-multi-trillion-dollar-transition-to-net-zero-isnt-that-hard-11636018200?st=4zx3sbxtigscohc&reflink=article_copyURL_share
We are all getting rich. Huzzah for the insider trading FED Chief Powell. This is starting to look like the euphoria stage. All news is bad, yet market does better than ever? Economy is so sputtering that FED Chiefs won’t raise interest rates and Jerome Powell changed the language from inflation is transitory to HOPEFULLY inflation is transitory. Talk of asset purchase tapering is all they’ve done. Haven’t even started. Supply Chain issues. Pandemic still on. Civil war brewing and Crypto is exploding.
Yet market is roaring. This is the tech/housing bubble all over again. Only the bubble is in EVERYTHING. I’m glad everyone is getting artificially rich. Lock some in!
I am moving to 60 long/40 stable at market close. My 401K is up over 25% this year and personal accounts are to the moon. Last year it was like 60% and 30% the year before. This is not real. The blowoff is going to be spectacular since the FED is out of bullets and our currency is at risk due to continued divisive politicking. It’s nervous time. Don’t be a pig!
Well we do have roaring inflation! Even Jerome is getting worried now.
“3b, check this out before you spread that wrong information…I thought the SALT cap was a cost of living issue. I learned after comparing tax costs that it’s mostly a tax rate issue.”
Fool.
Did you not know it goes directly to tax rates?
And to 3b’s CORRECT point it is all about wealth….who do you think can afford the big houses in high tax states? A family banging down the median household income of $67K with median liquid savings of $5k?
It is truly a miracle you don’t need a user manual to actually breathe.
Lib, every time I take a gain at my target I literally cannot find anywhere else to go long that doesn’t make squirm….TINA…she’s a bitch. Love you long, but will have no problem leaving at the drop of a hat.
Left,
So come up with a tax on the rich that impacts them all, not just in 7 blue states. You ignore this fact. Also, this tax hits middle class. Am I filthy rich? Wtf am i getting hit by this unfair tax? So I have to pay more to give some rich dude who ran up the tax bill in nj and now ran to Florida gets a tax break? F that.
At least my airlines continue to print.
Also, I opened a starter position XRAY…check them out. May actually be down your alley.
Aside from the obvious fundamentals and valuation and a glance at technicals, I liked that they reaffirmed guidance with a bump up on the bottom of the range and the stock declined.
Dumbass…..YOU are getting the tax break.
Pre-SALT cap take two identical individuals….income, marriage status, kids, etc. Only difference is their state of domicile. Run their federal returns.
You would pay less than the same person standing in TN or FL.
Why should the mirror image of you in another state support the profligate, obscene spending of the state of NJ?
You want those great pensions, cadillac health care plans, and Lib’s $5m salt sheds? You definitely have that choice. Pay for it yourself.
Why is taxing the rich great…unless it’s in the form of property taxes?
All NJ public school teachers were off yesterday and today. NJEA convention.
BRT, anyone wants to support no SALT cap is effectively arguing against a progressive tax system.
I have absolutely no problem with that whatsoever.
Go for it, has my vote.
I agree. It’s just funny to watch these state governments go, “how dare you not give my constituents a tax break because I’m taxing the sh1t outa them!”
Grimmy release me please. Several attempts spam filtered…
We make sure our teachers are off all this week every year. It is important that they can decompress and work on their tans.
We did not go away. I considered it but apparently soccer games are more important than warm weather.
The NJEA convention is a joke. Nobody goes to it other than a few union reps who are probably using collected dues to pay for their rooms.
“I agree. It’s just funny to watch these state governments go, how dare you not give my constituents a tax break because I’m taxing the sh1t outa them!”
BRT, exactly.
And also watching them contort logic by arguing eliminating a benefit that only affects this narrow privileged group is somehow unjust. As if they have the high road.
We make sure our teachers are off all this week every year. It is important that they can decompress and work on their tans.
I’d just be happy if I could get a break to eat something other than a protein bar during a 10 or 12 hour shift.
If I were born a female teaching would be high on my list of career choices. Climate controlled, no weekends, no nights, get to dress nice, guaranteed pension, healthcare, work close to home, summers off. It’s a wet dream.
Nov. 5 at 8:41 . . .
Murphy is a “progressive” because political consultants advised him that that was the lane to have to most anticipated political success. Maybe on the inside, he has some sympathy for some of these views, but realistically his internal dialogue knows the progressive, far-left stuff on the economy and culture is for whackos. Same political consultants told Corzine to run as a progressive rather than a “good for biz and the economy” guy even after the long career at GS, at the center of the damn economy. Sure, it works in NJ if you can bring a few million of your own money to the table to pair with the progressive talking points.
As for national ambitions, Bernie could have been President, maybe in a realistic alternative history, if a few things happened just right. Any other progressive does NOT have near the long track record (Bernie has been saying same thing since 1970’s); what Bernie is saying is really authentic, whether you agree or disagree, and Bernie has light-years better messaging and demeanor than Murphy could have even with all the traning money can buy. Murphy would have a Dem primary (whether in 2024 or 2028) received similar to DiBlasio’s run in 2020, with maybe spending like Bloomberg’s run in 2020 (although two orders of magnitude less – Murphy spending maybe tens of millions, while Bloomberg spent single digit B’s, lol.).
The other thing is even on the Dem side of aisle, by the time the next presidential primary rolls around “tough on Covid” is going to be widely seen as the misguided position (99.7% of population lived, but you want to FORCE people to take a vaccine rather than PERSUADING them? 99.7% of population lived, but put thousands of small main street businesses out-of-business?). The 2021 elections already showed there is a rising tide of voters rejecting the “tough on covid” position. In 2020, Covid had still loomed over things. By 2022, I wonder how mainstream the idea will be “the government made all that trouble for me back in 2020. What the heck for?”
Pumps: Earlier in the week you were waxing on about poor struggling teachers and other public sector unions and how without them they could not make it in this high cost state. Now you cheer the SALT cap elimination/ gimmick as wonderful. At least with the cap there was some semblance of testing to keep a lid on property tax increases, now it will be tax to the moon! Your own boy Murphy stated if taxes are an issue you don’t belong in this state. How does that mindset help the poor struggling teachers and other public sector unions? Perhaps it guarantees their pension payments? But for the non public sector people an increase in property taxes may means they have to decrease their 401 contributions to pay the increase. I don’t know why you don’t see the contradiction.
Again why are you only targeting the rich in certain states to pay for this. Can you please answer this for me? Can we stop with the name calling, it does not make you correct.
leftwing says:
November 5, 2021 at 11:21 am
Dumbass…..YOU are getting the tax break.
Pre-SALT cap take two identical individuals….income, marriage status, kids, etc. Only difference is their state of domicile. Run their federal returns.
You would pay less than the same person standing in TN or FL.
Why should the mirror image of you in another state support the profligate, obscene spending of the state of NJ?
You want those great pensions, cadillac health care plans, and Lib’s $5m salt sheds? You definitely have that choice. Pay for it yourself.
Well, the rich that benefited and help drive up the cost in these high cost states should not be able to change the rules of the game, like trump did, and get to move to another state giving themselves a federal tax break on the backs of the states they left. You totally ignore this and then claim you don’t play for team red. You hate team blue. You will do anything to stick it to them.
leftwing says:
November 5, 2021 at 11:33 am
BRT, anyone wants to support no SALT cap is effectively arguing against a progressive tax system.
I have absolutely no problem with that whatsoever.
Go for it, has my vote.
3b,
This rule was in places forever. Why change it? If you want to sock it to the rich, why not hit the rich in red states too…why is it only blue? Just please explain this to me.
This is in hindsight. So they were supposed to ignore it and do nothing? Got it. Ridiculous position. Proves the saying…damned if you do, damned if you don’t.
“The other thing is even on the Dem side of aisle, by the time the next presidential primary rolls around “tough on Covid” is going to be widely seen as the misguided position (99.7% of population lived, but you want to FORCE people to take a vaccine rather than PERSUADING them? 99.7% of population lived, but put thousands of small main street businesses out-of-business?). The 2021 elections already showed there is a rising tide of voters rejecting the “tough on covid” position. In 2020, Covid had still loomed over things. By 2022, I wonder how mainstream the idea will be “the government made all that trouble for me back in 2020. What the heck for?”“
There are plenty of teacher vacancies. Go do it. Otherwise, stop hating. Your job has its benefits too.
Phoenix says:
November 5, 2021 at 12:15 pm
We make sure our teachers are off all this week every year. It is important that they can decompress and work on their tans.
At the end of the day, we deal with kids. Understand this. They need a break from school too. Any month you have zero days off, the kids become impossible to deal with.
The NJEA convention is only good for one thing. The poker players in AC who take their money.
Again, how am I so privileged? How are my siblings so privileged? These are the people getting hit by this salt tax. It’s not majority 1% in this state, it is majority upper middle class in every blue state this hits.
Can you just admit for one second that Trump is a baby, and that this salt tax removal is his way of hitting these people he hates back? Just please acknowledge this was a punch by trump?
leftwing says:
November 5, 2021 at 12:06 pm
“I agree. It’s just funny to watch these state governments go, how dare you not give my constituents a tax break because I’m taxing the sh1t outa them!”
BRT, exactly.
And also watching them contort logic by arguing eliminating a benefit that only affects this narrow privileged group is somehow unjust. As if they have the high road.
Edward Durr’s Twitter account suspended.
His win will not go unpunished.
12:49 drunken hook-ups among colleagues.
Ex,
Haha. Know about that first hand…
Law, schmaw. Who cares about some stinking law:
https://wapo.st/3kuEGTB
Oh man, now i get it. You have a free pass to rip on teachers without me saying a word. Your ex was a teacher im assuming, and not one of the good ones either. I hate cheaters with a passion. Seriously, if a teacher is caught cheating on a spouse, there should be a law where they lose the privilege to teach our kids. Cheating says a whole lot about someone’s true character.
It’s like the Murphy rape victim. She was married and let this man into her home after a night of drinking. That’s no victim. I would have divorced her on the spot.
Phoenix says:
November 5, 2021 at 1:07 pm
Ex,
Haha. Know about that first hand…
Pumps: There is no excuse for rape period, poor judgement yes , rape no. At the time her allegations were deemed credible. If this happened during the Christie administration there would be howls of outrage.
Oy.
Sorry,
My ex was not a teacher. Thanks for playing!
And regardless, everything I posted was true about teachers.
Name any other “mid salary” aka 100k or less career that has the perks that teachers get?
Hairdressers? Plumbers, Electricians, Nurses, Flight attendants?
Oh, maybe the lady in the town hall who handles your permits- but even she has to work summers.
3b,
As someone who has been the target of allegations ( in a divorce which is a common tactic these days) I am now extremely skeptical of any types of allegations anymore.
Women do lie. Re-watch the video with the women hitting each other with coffee pots in IHOP, then they sit there like little angels and tell the police they did nothing.
Who told the truth, the video, or the women?
I once had a talk with a judge who said this is so common in divorce today, he suggested to the DA that he convict at least 10 percent of the worst offenders and make this glaringly public for all to see. He felt it would decrease this type of behavior.
Lazy DA declined. Too much work.
Well, the rich that benefited and help drive up the cost in these high cost states should not be able to change the rules of the game, like trump did, and get to move to another state giving themselves a federal tax break on the backs of the states they left. You totally ignore this and then claim you don’t play for team red. You hate team blue. You will do anything to stick it to them.
Change the rules of the game? In this country, you were always free to move to another state since it’s inception.
I don’t know the specifics and don’t care. If you think I am okay with rape, you are wrong.
Just a question. If your wife brought home a man after a night of drinking, what would you do?
3b says:
November 5, 2021 at 1:19 pm
Pumps: There is no excuse for rape period, poor judgement yes , rape no. At the time her allegations were deemed credible. If this happened during the Christie administration there would be howls of outrage.
Why did he change the rules of the game that specifically targeted states he did not like? Why? Explain to me how this is fair. If it is fair, i will shut up.
BRT says:
November 5, 2021 at 1:30 pm
Well, the rich that benefited and help drive up the cost in these high cost states should not be able to change the rules of the game, like trump did, and get to move to another state giving themselves a federal tax break on the backs of the states they left. You totally ignore this and then claim you don’t play for team red. You hate team blue. You will do anything to stick it to them.
Change the rules of the game? In this country, you were always free to move to another state since it’s inception.
Should Biden and the democrats create a tax law that specifically hits red states and not blue states?
If your wife brought home a man after a night of drinking, what would you do?
Boy this could be fun. Maybe get him more liquored up and convince him it would be funny to send freaky pictures of himself to all his friends and colleagues?
Phoenix: I don’t deny that women lie in divorce cases. My Brother was married to a pysycho so I know well.
My point to Pumps was the women’s allegations were deemed credible who knows she still of course could be lying. The real issue is the double standard, just change Murphy to Christie, and Dem to Repub and there would be outrage and the accused would be gone.
Pumps: What does what would I do have to do with my question. That’s a stupid question on your part.
1:38 . . .
Here’s a shot for why its fair:
(1) approximately up to a maximum of $10k in state and local taxes would seem to be about normal for almost all people in much of the US. Many middle class people pay less than that. If you are paying double or more than that, you are either very wealthy/high-income or you live in a state with outlier-style taxation (like, NJ, NY and CA).
(2) The rightly-elected and democractically-elected officials in government at the time passed the SALT deduction cap. Kinda like how you have a position about the NJ state pensions “being promised” by the elected officials in power at that time and that is proper in your mind.
Further from a policy perspective and leaving out fairness, it is ridiculous to at all incentivize huge spending by states and localities. Less tax on something incentivises more of it. The SALT deduction gap should have caused some soul-searching among the outlier blue states, but did it?
Crushed: Thank you. Excellent analysis.
Crushed,
It targets 7 specific states. The other democrats went with it in the name of self interest. Are they not going to take a tax break at someone else’s expense?
That salt is being brought back because these blue states that are impacted are saying f u, no deal, unless you remove it.
Again, I ask, was this salt removal trumps way of throwing a punch at the people he hates? Please explain to me how it is not.
Let’s play. NJ should do what these other states do. Lower property taxes, and then create a legion of taxes that target out of staters (tourists) and the poor. Let’s do it. Let’s raise the sales tax. Let’s start a tax for each car you own. Let’s increase the tax on tourists and our roads. Let’s raise the tolls. Let’s put a sales tax on clothes and other items. Let’s do it.
(1) approximately up to a maximum of $10k in state and local taxes would seem to be about normal for almost all people in much of the US. Many middle class people pay less than that. If you are paying double or more than that, you are either very wealthy/high-income or you live in a state with outlier-style taxation (like, NJ, NY and CA).
2:03 . . .
Yes, I agree Trump punched blue states.
The SALT deduction cap was a source of funds that had low political downside for Trump. In 2018, R’s in blue states paid a big price even if Trump did not – for example, five R congressman got voted out in NJ that year during the blue wave that year.
Let’s remove the social net here. Just don’t cry when the poor become more of a problem than they really are. Nj takes care of the poor, that’s why they are mostly out of sight and out of mind. Let’s get rid of that. Let’s lower the pay of cops so they stop protecting these towns with no gated communities. Let’s lower the pay of teachers and destroy the nj educational system. Time to pay up for private school and private security in replace of the drop in your taxes. Let’s be like Florida. Who’s down?
Crushed,
Thank you for being honest in this debate. I appreciate it. If they want to tax the rich, tax then across the board, don’t pick winners and losers. Don’t give the rich the option to play the game of arbitrage, and move to locations where they can get away with paying their fair share.
Why did he change the rules of the game that specifically targeted states he did not like? Why? Explain to me how this is fair. If it is fair, i will shut up.
It’s not fair. Just like it wasn’t fair that NJ magically raised my grandmother’s property taxes 5x
It’s not fair. Just like it wasn’t fair that NJ magically raised my grandmother’s property taxes 5x
I guess NJ just isn’t the state for her.
Brt,
Nj gets most of its funding through property taxes. Honestly, it’s stupid, but this is the way. Just nail people with a thousand tiny paper cuts and they will be much happier than the one cut to the head.
If your wife brought home a man after a night of drinking, what would you do? I would immediately tell her to go to his house and start her new life. Then I would sell off every asset and disappear with the kids like a nazi war criminal.
Long before I got married I made it very to clear to Gator that if she wanted to sleep around, I’m cool with it. We just need to divorce first. She asked me what would happen if she caught me sleeping around. I said, “You don’t need to worry about it. We’ll be divorced first.”
As a product of a messy divorce and having watched four of my six siblings get divorced before I even started dating my wife, you can understand why I took me 7 years of dating to tie the knot. Seven years was longer than most their marriages.
Lib,
Well said. That’s why you are a great manager and really should be somewhere managing for bigger bucks than you currently make. You really do a great job with planning ahead which is priceless to any business. I can’t imagine you costing a business money…you only create profit.
I just made my portfolio adjustments. Praise Jesus most of my investments are in tax protected IRAs. These gains are all tremendous. It really hasn’t felt like this since the end of 2006. Though really, it feels a lot more like 1999.
Marriage is a tricky matter and for most rather personal. How we ‘really’ are tends to surface in the relationships that we endure. Long marriages are often an exercise is reduced expectations and forgiveness in one form or another. I was never looking for a marriage partner or even a live-in girlfriend. I met someone so exceptional that I had to play my hand. That was in 1993. It’s been, as the Dead say…A long strange trip.
I met someone so exceptional that I had to play my hand.
And she undoubtedly feels the same or else you wouldn’t be together. It’s difficult to achieve. One may feel absolute bliss while the other sees it as just a bridge or stepping stone. He or she will do for now until the real thing comes along. Relationships are more complex than finding the key to perpetual motion. And I think heartbreak is the most painful feeling that exists.
I met someone so exceptional that I had to play my hand.
Which is much better than meeting someone who thinks they are so exceptional that you end up stuck using your hand.
Just nail people with a thousand tiny paper cuts and they will be much happier than the one cut to the head.
I’ve seen both. Neither are pleasant.
And I think heartbreak is the most painful feeling that exists.
You think??
How about when the cretin you married tries to use a lie to take your child from you?
Let me tell you heartbreak isn’t what you feel towards them.
Then I would sell off every asset and disappear with the kids like a nazi war criminal.
Yeah, easier said than done. You have a twig and berries. Trust me you will be on an Amber Alert in minutes and every yahoo hero will be looking to put a round between your eyes.
They won’t care if you are right. No one is looking for the truth anymore.
Lib: Definitely 1999!!
3:25 Someone wise once told me in love…..”One loves, one decides to be loved” and that has stayed with me. Often this dynamic shift back and forth over time with one person being ‘more in love’ perhaps than the other. What I think is key though is to like the person. It sounds simple but lust and love tend to fade over time….but “like” is usually a solid basis for a life-long friendship. My wife, as gorgeous as she was when I met her is quite different than that person. Time has had an impact on us both, not all good. Time is a real kick in the teeth sometimes. But man alive, she’s just a very decent person. Smart, thoughtful, and a hard worker. She has been a much better partner than I deserve. I outkicked my coverage.
Lib,
In some respects, it is 2006 again.
She called the 2006 crash, not a 2006 crash this time but we may be at peak housing.
https://www.bloomberg.com/news/articles/2021-11-03/housing-analyst-famous-for-pre-crash-warnings-is-concerned-again
40 year, was this the lowest available inventory you have seen in your career or one of the lowest? Hearing that by spring, inventory will be much better, some price declines but nothing like ’06.
Lib; My wife and I said at the beginning infidelity was the one thing that was unforgivable; no exceptions. 30 years later still the same. A friend of ours divorced told us that that she knows women who deliberately “ prey” ( her words, not ours) on long term married men as the thought is if they have been married for years they must be a good bet.
Phoenix: I say if anyone was capable of disappearing and not being found it would be Lib.
3:14 Mazel Tov!!!
3b,
Only because I’m crazy enough to do it the right way. Money talks.
Lib: No other way to do it!!
Exotic International Travel (jj/phoenix Edition):
A Dutch man had to undergo reconstructive surgery on his peni$ after a cobra bit his manhood during a safari trip in South Africa — causing it to rot.
The 47-year-old victim suffered scr0tal necrosis after the cold-blooded serpent, which was lurking in the toilet bowl, attacked, according to Urology Case Reports.
In what the medical journal described as the first case of “snouted cobra envenomation of the gen!tals,” the unidentified man had to wait three hours before he was flown by helicopter to the nearest trauma center some 220 miles away.
“His peni$ and scr0tum were noted to be swollen, deep purple in color, and painful on hospital admission. Scrotal necrosis was diagnosed, and he received multiple doses of a non-specific snake venom antiserum and broad-spectrum antibiotics,” according to the medical report.
The man reported vomiting and a burning sensation as well as pain that shot up from his groin into the abdomen and upper chest – though he developed no neurological symptoms during the ordeal.
He required hemodialysis due to acute kidney injury before undergoing reconstructive surgery.
“The scr0tal necrosis was reported to involve the entire fascia (skin to internal sp5rmatic) and was excised with extensive margins. Primary closure was performed, leaving a drain in situ,” Urology Case Reports said.
“The defect in the pen!le shaft was treated by superficial debridement and a vacuum assisted closure pump. After 9 days, the patient was repatriated to the Netherlands,” it added.
A plastic surgeon later performed a “pen!le shaft debridement, with extensive resection of dead tissue extending into the corpus spongiosum to the fold of the preputium.” A graft from the groin was then placed over the peni$ and he has made a full recovery.
Necrosis – or necrotizing fasciitis, commonly referred to as the “flesh-eating disease” — is a potentially deadly condition caused by bacteria infecting tissue. The condition, which spreads quickly, requires immediate treatment with intravenous antibiotics.
ChiFi I would have them add a couple of inches…..why not?!
I would have asked them to leave the cobra attached.
Phoenix: I say if anyone was capable of disappearing and not being found it would be Lib.
3b,
I agree. And if he needed my help I would assist.
ChiFi,
For you.
NSFW, or just pretty much NSFA (Not safe for anyone)
Just so you know, smells worse than it looks :)
https://bit.ly/3qbqy53
Lesson of the day,
Check your toilets for Cobras, or stay out of South Africa.
Either this could happen to you, or you could be riddled with bullets by a paralympic while taking a dump.
Phx: makes me hungry for Polish food.
ex: for you
https://www.youtube.com/watch?v=msYmRZNTUjo
Leaving the cobra..hah. Always a good Simpsons clip on hand
https://www.youtube.com/watch?v=XO5gJqH8U7Q
Scutari in as Senate President.
https://newjerseyglobe.com/legislature/scutari-will-be-next-senate-president/
I honestly don’t know if I could ever go through that again. Love is a dangerous game of high risk and high reward. Once you get your heart smashed, you are never the same.
I was in a serious relationship from 17-21. We were tight, awesome relationship. She left me for someone else. Blind side punch. Another waiter at her job. She never told me, instead played the good ol bs line to end the relationship. It took me 3 years to get back into serious relationship, she broke me. Was scared to love someone again. You go from being with this person every day for years, and then one day they say peace. That’s rough. Don’t wish it on anyone. And lesson here, no one gets out of a relationship unless they have someone else on their mind. Maybe not when older, but def is the case most of the time in younger relationships.
Everything happens for a reason though, found an even better woman. I got lucky and hit top of the food chain.
Phoenix says:
November 5, 2021 at 3:51 pm
And I think heartbreak is the most painful feeling that exists.
I wish I had you as a teacher. Your students are lucky. Awesome post.
Ex says:
November 5, 2021 at 4:03 pm
3:25 Someone wise once told me in love…..”One loves, one decides to be loved” and that has stayed with me. Often this dynamic shift back and forth over time with one person being ‘more in love’ perhaps than the other. What I think is key though is to like the person. It sounds simple but lust and love tend to fade over time….but “like” is usually a solid basis for a life-long friendship. My wife, as gorgeous as she was when I met her is quite different than that person. Time has had an impact on us both, not all good. Time is a real kick in the teeth sometimes. But man alive, she’s just a very decent person. Smart, thoughtful, and a hard worker. She has been a much better partner than I deserve. I outkicked my coverage.
Big difference between then and now, the source of demand. I don’t see how it can go lower based on the demographics pushing the demand. Too big of a wave.
Nomad says:
November 5, 2021 at 4:05 pm
Lib,
In some respects, it is 2006 again.
She called the 2006 crash, not a 2006 crash this time but we may be at peak housing.
https://www.bloomberg.com/news/articles/2021-11-03/housing-analyst-famous-for-pre-crash-warnings-is-concerned-again
40 year, was this the lowest available inventory you have seen in your career or one of the lowest? Hearing that by spring, inventory will be much better, some price declines but nothing like ’06.
Maybe my Machin comments from the other day were not so off-base…..
WASHINGTON—Top House Democrats moved to bring up a roughly $1 trillion infrastructure bill for a vote Friday, abandoning an arrangement with progressives to first pass a separate education, healthcare and climate package as the party still struggled to unify around that proposal.
The sudden pivot surprised progressive Democrats, who have threatened to block the public works legislation if it comes to the floor before the separate social-spending effort. As many as 20 progressive Democrats have indicated they would vote against the infrastructure bill if it came up for a vote on Friday, according to a person familiar with the talks. Some House Republicans are expected to vote for the infrastructure bill, but not enough to offset so many possible Democratic defections.
6:51 thanks for the kind words!
The city of Los Angeles has undertaken a major shift in its approach to homelessness, one that puts a priority on clearing unsightly street encampments even when insufficient permanent housing exists for the people being moved.
https://twitter.com/latimes/status/1455890056535855105?s=21
You have been schooled Ivy.
Lib; My wife and I said at the beginning infidelity was the one thing that was unforgivable; no exceptions. 30 years later still the same. A friend of ours divorced told us that that she knows women who deliberately “ prey” ( her words, not ours) on long term married men as the thought is if they have been married for years they must be a good bet.
Heh, sounds like the woman who basically stole my father from my mom. Unfortunately, she didn’t anticipate the 85% decline in his income. Now she’s got him and all his baggage, without the cash.
NJ Teachers week is the best thing ever. It gives you a chance to go to places like Disney when the places are quiet and you can actually get on stuff.
Lots of my kids friends heading off to the Caribbean for a nice break. This year my kids are raking leaves.
The Hidden Ways the Ultrarich Pass Wealth to Their Heirs Tax-Free
An inside look at how N!ke founder Phil Knight is giving a fortune to his family while avoiding billions in U.S. taxes.
https://apple.news/AyOegEcdwQuqB5SClQ-fYUw
BRT: In her case Karma is a bitch!!
Fab,
For sure. We went to A.C. from Wednesday night till today. My wife wanted to follow the wayne district protocol for covid, but it’s not like anyone else does. My sister is in marco island Florida while my brother is in Boston.
Pumpkin, if your district is like mine in Lawrence, they are completely off base with respect to demanding quarantine for travel. PA is fine, NYC is fine, but anywhere else, they want you to quarantine. Despite the fact that Florida has the smallest case load. I will not comply with their demands on that. It is none of their business where my family travels. These school districts with their crappy mandates are stuck in 2020.
School closures as driving force of 2021 NJ red wave, NY Mag article, by Montclair parent . . .
“But people tend to get mad — incandescently furious — when they think you’re hurting their kids.”
https://nymag.com/intelligencer/2021/11/new-jerseys-education-rebellion-was-a-long-time-coming.html?utm_medium=s1&utm_campaign=nym&utm_source=tw
Long term, I have full faith in her. Love how quick she is to cut her losses and admit defeat on the upside bet. That’s a winner. Not easy to do emotionally or psychologically when it comes to trading. Says a lot. Full trust with her on the lomg term. This is a loading zone. Patience is a virtue.
“Can see ARK just dumping Zillow in $ARKF in this historical holdings chart. Rare bc normally when one of their stocks tank they typically buy more (bc it is cheaper and to maintain weighting). Not here tho, reminds me of when they were done w China a month or two ago..”
https://twitter.com/ericbalchunas/status/1456702435205033985?s=21
We all know deep down this is the truth.
“Rates are falling because secular deflation > cyclical inflation.”
Just think about it. The world population is growing at a much more lower pace. It’s deflationary man outside over demand assets like real estate.
*Slower pace
How is that inflationary long term? Combine that with innovative tech pressures never seen before (4th industrial revolution-ultra rapid pace of change).
Crushed: School choice will become more of an issue going forward. Private, Parochial, Charter, and it’s about time. We need competitive choices , not a union run monopoly.
I don’t understand or comprehend how you can be afraid of hyper inflation under these conditions of a rapidly slowing population growth and insane tech innovation.
Roaring 20’s people.
3b,
There is no such thing as a failing inner city school replacement. Understand charters schools are the competition preying off tax dollars to score easy money on pure bs.
Im being honest, with a 17 year track record, the school’s are not the problem. It’s the source, it’s the students and no one has the political balls to call them out. It’s political suicide. Just wake up to the truth.
Or keep focusing on schools and teachers instead of the real source, see how far that get you.
Pumps:We need competition in schools not a one size fits all union dominated public school system that people are forced to pay for. We need to get rid of the status quo of public schools disruption here is exactly what’s needed.
Competition is good, but understand what is at play. Those kids have no one to hold them accountable. They will fail over and over again. No one has the political balls to address it.
Nomad: Excellent piece by Zelman, she cuts through all the rah, rah BS about massive demand, notes the decreasing population growth, poor track record of home builders housing demand projections, and of course rates real do matter.
3b,
I agree that all that matters, but really matters is the supply. Is she projecting the demand correctly? I think not. These people are house hungry. Just not enough food to get them to stop hunting.
Outer regions, sure will cool, but metro areas like nyc are only going up.
Just pass this, the future depends on it.
“Looks like the House has enough votes to pass the incredible shrinking infrastructure bill.”
Left: Dammit!
https://www.collegehockeynews.com/box/final/20211105/cor/har/
Why should any investor own bonds at this point, given that they barely produce any nominal income, and are likely to lose value in real terms? Take a look at this chart, and we’ll explore the question a bit more. (THREAD)
https://twitter.com/timmerfidelity/status/1456673089417252869?s=21
Let’s go!! America! 🇺🇸
“BREAKING: The $1.2 trillion infrastructure bill was just passed by the House and will now go to President Biden’s desk.
They can’t stop spending and asset prices can’t stop going up.”
“Infrastructure passes!! Putting SALT cap aside for tonight. I just want to celebrate this win for the country. We came together and these small wins will lead to bigger wins. We have differences and I celebrate them. Let’s strengthen our unity and move forward together.”
https://twitter.com/saltcap1/status/1456829020180516868?s=21
11:11 look at CA as a model of school deregulation and decentralization.
Fragmentation and scandal are the norm. A patchwork of converted hospitals, storefronts, and strip mall schools. High turnover, low wage, and grading/QC is essentially meaningless. Grade inflation is the norm. One big mess in many places.