Setting the stage for a strong spring market?

From DowJones:

Freddie Mac See Unemployment Lower in 2013

The unemployment rate is projected to edge lower this year and home sales are expected to rise at a rate similar to last year’s, while interest rates are projected to remain relatively low throughout 2013, mortgage-finance company Freddie Mac said.

Despite fiscal uncertainties facing the U.S., the company said consumer confidence has remained fairly resilient in recovering from its recession lows, buoyed by improving labor and housing market news. Business owners and managers, however, are more sanguine about the nation’s business outlook than consumers seem to be, according to its U.S. Economic and Housing Market Outlook.

Freddie Mac said 1.86 million jobs were created last year, representing the largest annual gain since 2006. Of that, 155,000 jobs were created in December, while November’s payrolls were revised up 24,000, keeping the unemployment rate steady at 7.8%–the lowest since December 2008.

The unemployment rate is expected to provide support for a continuation of an accommodative policy stance by the Federal Reserve through the coming year, making a case for relatively low interest rates for mortgage lending and the broader capital markets, the company said.

Freddie Mac said home sales for the first 11 months of last year grew 9% from the year earlier, leading to expectations of similar results this year.

“As we begin 2013, the economy is undoubtedly at a better place now than at this time in 2012. And despite the clouds of fiscal uncertainty facing the country, positive jobs reports and the strengthening housing market continue to be the bright spot as we begin the New Year,” said Frank Nothaft, Freddie Mac vice president and chief economist.

Last week, sister company Fannie Mae reported that consumer confidence in the U.S. housing sector rose in December to the highest level since 2010. Fannie Mae said its poll of 1,002 Americans showed that most expect home prices to increase an average of 2.6% over the next year.

This entry was posted in Economics, Housing Recovery, National Real Estate. Bookmark the permalink.

152 Responses to Setting the stage for a strong spring market?

  1. grim says:

    From the Star Ledger:

    House signs off on full $50.7B Hurricane Sandy aid package

    After 78 days, a bitter lobbying blitz by Northeastern lawmakers and a tongue-lashing from Gov. Chris Christie, the House today approved $50.7 billion in emergency aid to rebuild in the aftermath of the worst storm to ever sweep through New Jersey.

    The total package came in a pair of votes after hours of debate on the House floor — $17 billion for transit and relief aid and $33 billion for longer-term projects — and is among the most generous in the country’s history.

    In a joint statement issued by Govs. Chris Christie of New Jersey, Andrew Cuomo of New York and Dannel Malloy of Connecticut, the three said they were “grateful to those members of Congress who today pulled together in a unified, bipartisan coalition to assist millions of their fellow Americans in New Jersey, New York and Connecticut at their greatest time of need.”

    But in truth, only a handful of Republicans joined Democrats and Republicans from the Northeast in approving the final $33 billion by a vote of 241-180. The measure could be taken up next week by the Democrat-led Senate, where it will probably get a less thorny reception.

  2. grim says:

    Great piece at HuffPo on the BS BoA foreclosure review:

    Foreclosure Review Insiders Portray Massive Failure, Doomed From The Start

  3. Mike says:

    Good Morning New Jersey

  4. grim says:

    What I don’t understand about the new NY gun laws, is why they didn’t bother to consider the impact on neighboring states, who will now see a huge influx of high capacity magazines as owners sell them across state lines.

    The new law does nothing to reduce the number of magazines, it simply moves them out of NY state and into NJ, CT, PA, etc. Realize, there are no restrictions on the sale and purchase of magazines. I can load mine up, drive across the river, and sell them on the street corner.

    Shouldn’t the law have required the surrender of magazines with just compensation by the state, with the surrendered magazines to be destroyed (Cash for clips)? No?

    And this coming from someone who is pro-gun.

  5. Mike says:

    180 voted against?!

  6. grim says:

    I wonder if the $3 billion dollar Army Corps Passaic/Pompton flood tunnel project is buried in those block grants.

  7. grim says:

    Secondly, there are very few guns for which 7 round magazines are available, and gun makers aren’t going to make NY-Compliant magazines. Moving the limit from 10 to 7 essentially makes most guns useless under the new law. As far as I know, it’s really only the 1911 style handguns that have 7 round magazines available for them.

    What rhymes with Heller?

    I wonder if this would apply to Kimber and Remington, who currently manufacture magazines in excess of 7 rounds in NY State.

  8. Fabius Maximus says:

    What rhymes with Heller?

    Stellar!

  9. Fabius Maximus says:

    They should have this live during the game.
    https://www.youtube.com/watch?feature=player_embedded&v=Zce-QT7MGSE

  10. grim says:

    8 – Interesting story on the acoustics side, I was always more of a hardware geek myself. I was consumed with designing and building non-traditional speaker types, transmission line and horn-loaded mostly, and consumed with achieving good response using very simplistic crossover designs. Mostly due to the fact that I was always interested in higher-efficiency designs that I could pair to low power tube amplifiers that I’d build myself (single ended 2a3 or 300b varieties). Moved on to designing and building my own electrostatics (ala Martin Logan), which was good fun until you inadvertently touched the uninsulated stators. One of my last projects before I gave up the hardware design was building a set of corona discharge speakers (ala the old Hill Plasmatronics). My involvement in the tube DIY scene is where I got most of my gear, in the 90s it was a pretty tight knit group of hobbyists and I was able to make lots of industry contracts. My father and brother were also into it as well, my brother is the music electronics business, and designs guitar/bass amps and pedals for one of the bigger US-based companies in the field. I attempted to parlay my knowledge, somewhat, when I was studying cognitive science/neuroscience. I worked in the mouse lab and one of the research analogues we used was based on the mouse pup retrieval based on the ultrasonic cries of the pup. One of the issues we faced, obviously, was how to replicate similar scenarios since the research relied on the pup. We had worked with Sennheiser to repurpose their electrostatic headphone transducer to replicate the pup, I’d actually built the amp, capable of reproducing frequencies upwards of 50k relatively linearly (down 3db by 70 or 80k, and I’m sure no more than 6db down at 100k), was actually designed based on a Nelson Pass design (of Threshold/Pass Labs). The lab already had high speed recorders and spectrographs that we could use to play back previously made recordings. Fun stuff. I gave up research/academia in cog psy and neuroscience for the big bucks of IT.

  11. reinvestor101 says:

    The stinking liberals and RINO’s have ruined this damn country and the result is that rock ribbed Americans are walling themselves off from society. This sounds like a lovely damn place I’d want to live and buy some damn real estate in. It’s a damn oasis from the tyranny of the stinking liberals, RINO’s and real estate terrorists!

    “Marxists, Socialists, Liberals and Establishment Republicans will likely find that life in our community is incompatible with their existing ideology and preferred lifestyles.”

    http://spreadlibertynews.com/patriotic-group-to-build-armed-defensible-neighborhood-fortress/

  12. Peace, Love, Dope & Beer says:

    “Republicans are fond of claiming President Obama increased spending to unsustainable levels, but the facts do not bear out their assertion. The President has been so serious about reducing spending, that his record reveals he is a spendthrift compared to any Republican administration since Eisenhower. One House Republican, Cathy McMorris Rodgers of Washington state said, “I think it is possible that we would shut down the government to make sure President Obama understands that we’re serious. We always talk about whether or not we’re going to kick the can down the road. I think the mood is that we’ve come to the end of the road.” The end of the road came when Barack Obama was inaugurated in 2009, and DESPITE SETTING A RECORD FOR THE LOWEST SPENDING IN DECADES, Republicans are out to slash Medicare, Social Security, Medicaid, AND ANY PROGRAM UNRELATED TO DEFENSE AND CORPORATE ENTITLEMENTS.”

  13. Brian says:

    Oh Joy. Another voicemail from a PM who’s Good app does not work on his iPhone. I guess I should be happy about it. Keeps me in business.

  14. Painhrtz - Not like you can dust for vomit says:

    Dope 22% of GDP and going up how is spending down? forget about Obama care? not to say the idiot pachaderms aren’t as culpable to but to say Obama has cut spending is to say that WW1 was a minor skirmish.

    grim read some of the law people who hold existing mags can keep them but only load with 7 rounds. Oh that will stop some lunatic from shooting up some place. someone will make compliant mags because there will be a market much in the same way they make plugs for shotgun magazines. My 870 holds five shells but because of NJ hunting laws every gun is sold with a plug to limit the load to 3. If you have ever hunted on state land you sometimes wish it was 2.

  15. Anon E. Moose says:

    Dope [12];

    Hitting the pipe a little early this morning, aren’t you?

  16. Comrade Nom Deplume says:

    [7] grim,

    There are no 7 round mags and manufacturers are unlikely to produce them.
    That, BTW, is the idea.

    In other news, it was only a matter of time before you heard this:
    http://newyork.newsday.com/news/nation/journal-news-gun-permit-map-used-by-burglars-to-target-white-plains-home-1.4441678

    Finally, I’ve decided to join the NRA (yes, Dope, I know, you are surprised I hadn’t joined before).

  17. Comrade Nom Deplume says:

    [11] re101

    Sounds like a Nompound on steroids.

    Or as people in the trade call it, a subdivision.

  18. chicagofinance says:

    Cripes……I didn’t know the prerequisite for posting on this blog is to be diagnosed with Aspergers :(

  19. Comrade Nom Deplume says:

    [5] mike

    As states become more deeply hued and less purple, expect more of this.

  20. Fabius Maximus says:

    #10 grim

    Closest I got to amps was replacing the tubes. If you have a few hours spare on these long winter nights while the baby is sleeping, you could knock a pair of these up in your basement.
    http://gizmodo.com/5685235/building-a-pair-of-knock+off-bw-nautilus-speakers

    I realised early on that the room makes more difference to the sound than a high end set up and trying to acheive clean sound would always be out of my price range. While bad still sound bugs me, I have learned to live with it. Also my budget was better suited to a good pair of headphones.

  21. caljn says:

    15 A Moose
    Yeah, nevermind addressing the point…

  22. Peace, Love, Dope & Beer says:

    i appreciate that many of you never let the facts get in the way of a good story.

  23. Painhrtz - Not like you can dust for vomit says:

    nom hunting club requires me to be a member keeps our insurance costs down. Get ready for tons of junk mail. Though I did get a spiffy hat. normally I don’t agree with some of the garbage that is spit form the leadership but they are an effective advocacy group for the 2nd. Plus they just produced this, made me smile a little.

    http://www.youtube.com/watch?v=z7bBo5SWbCc

  24. Painhrtz - Not like you can dust for vomit says:

    Dope since you can’t let troubling facts get in your way here is something that might enlighten you

    http://www.ritholtz.com/blog/2011/07/government-spending-as-a-percentage-of-gdp-2/

    note that since WW2 we have been on an ever increasing upward trend.

  25. Comrade Nom Deplume says:

    [22] dope,

    If I had to guess, I’d say your real name is O’Brien.

  26. JJ's B.Se says:

    In the age of background checks, guns in workplace issues etc and internet checks. I don’t know if I would hire someone who I know has guns, is a NRA supporter and belongs to a hunting club.

    Usually, I am great but occasionally, I have to fire people, write people up, bypass them for promotions, etc. Why would I feel safe with a guy full of guns at home who enjoys going out killing things.

    If I was job hunting I would make sure my internet presence made no mention of guns anyhow

    Painhrtz – Not like you can dust for vomit says:
    January 16, 2013 at 9:10 am

    nom hunting club requires me to be a member keeps our insurance costs down. Get ready for tons of junk mail. Though I did get a spiffy hat. normally I don’t agree with some of the garbage that is spit form the leadership but they are an effective advocacy group for the 2nd. Plus they just produced this, made me smile a little

  27. yome says:

    We went from 6% GDP To 2% GDP when O took over. There was hardly no revenue coming in, economy collapsed.The Government had to do its job supporting its its citizen. And the right is saying 22% increase in spending. Is this not expected?

  28. Comrade Nom Deplume says:

    [23] pain,

    I love junk mail provided it isn’t glossy or comes in window envelopes. It all goes into the fireplace to produce heat, light and a lovely view.

  29. Peace, Love, Dope & Beer says:

    also from Ritholtz:

    Wow, this is a rather surprising data point: “From fiscal 2009 to fiscal 2012, the deficit shrank 3.1 percentage points, from 10.1% to 7.0% of GDP.”

    It is even more surprising when you consider its source is the usually conservative Investors’ Business Daily.

    Here is a longer excerpt:

    Believe it or not, the federal deficit has fallen faster over the past three years than it has in any such stretch since demobilization from World War II.

    In fact, outside of that post-WWII era, the only time the deficit has fallen faster was when the economy relapsed in 1937, turning the Great Depression into a decade-long affair.

    If U.S. history offers any guide, we are already testing the speed limits of a fiscal consolidation that doesn’t risk backfiring. That’s why the best way to address the fiscal cliff likely is to postpone it.

    Yet more proof that the fiscal cliff is a manufactured crisis of minimal importance.

  30. Comrade Nom Deplume says:

    [23] pain,

    Slick and true, but can we really compare? Its all about threat assessment and with respect to Obama’s kids, the threat is very real, unlike Newtown, which is comparable to a lightning bolt hitting a lottery winner.

  31. Comrade Nom Deplume says:

    [26] JJ

    You don’t hire people with guns anyway. You hire bimbos that you plan to schtup later on. So why is that even relevant?

  32. Phoenix says:

    CND, I think you once mentioned a reloader– I don’t know about these things but here is a link to one if you are interested…..
    http://newjersey.craigslist.org/bar/3549590577.html

  33. Comrade Nom Deplume says:

    [11] re,

    I will say this: Obama isn’t just a good gun salesman, he’s a good nompound salesman.

  34. Comrade Nom Deplume says:

    [26] JJ

    I would not worry about searching for ownership for the people you hire. If I were you, I’d worry that their jealous husbands have guns.

  35. Painhrtz - Not like you can dust for vomit says:

    Nom when considering threat assessment they are way off, but from a hypocrisy standpoint they are spot on. Also you will be disappointed with the junk mail.

    JJ really, not to get all re101 but owning firearms does not make me a pariah any more than your persistent penicillin prescriptions in the 80′s/90′s made you one. Second while you were eating MRE’s thanks to uncle sam during sandy we we dining on venison loin in a plum demiglaze made on the grill. night two was curried pheasant and butternut squash from our garden, but sure continue to think they have your best interests in mind when they come to take away firearms from us law abiding, “unbalanced” citizens.

    you can go ahead and call for the cops when your in trouble they’ll just need to call the meat wagon for what is left at my house.

  36. Painhrtz - Not like you can dust for vomit says:

    grim un mod second comment guess food items and referencing anti biotics trip the nannies

  37. Peace, Love, Dope & Beer says:

    I looked up that Glenn Beck guy you mentioned yesterday…he is also a good salesman; he gets dimwitted people to spend money they can’t afford to spend on gold coins, jeans, freeze-dried food packs for the apocalypse, underground living spaces, etc.

  38. joyce says:

    Dope,

    There’s is a difference between overall spending and the deficit.

    Yome,

    Only if you believe in keynesism and corporate welfare do you need to deficit spend when “times are tough.”

  39. joyce says:

    And I love how people, who obviously have a poor understanding of statistics, like to pick and choose what numbers to reference. Why choose a % and not absolute figures? And why is everything quoted over 10 years now?

    We’ll raise the debt limit instantly by $1 trillion and we’ll promise to cut the same over a decade, not exactly apples to apples (which doesn’t take into account baseline budgeting nor the fact that future congresses won’t do it).

    joyce says:
    January 16, 2013 at 9:41 am
    Dope,

    There’s is a difference between overall spending and the deficit.

  40. yome says:

    Its a continuation of spendings of what we were paying before. We need to keep paying for debt. The two wars, tax cuts and others that we racked before the collapse. On top of that, we have obligations to our citizen that lost their jobs. Even if we kept unemployment at the state level with no revenue coming in spending will still increase

  41. JJ's B.Se says:

    once I entered the guys gmail address into google from resume and it popped up in a Islamic chat room where he was advocating the overthrow of the US and a call for all Islams to take up guns at once and shoot and kill the US military and then take over the White house. I saw him on a few sites. Very Scary. Even more scary he publishes this stuff under real name with real email address. And chat rooms give date and time and he was at work.

    One thing to bs at work sports, re etc. But this is treason type stuff. Since him I always look around.

  42. joyce says:

    No, we most certainly should not be paying for two wars (and the other, let’s call them skirmishes, we’ve encountered since). No, we most certainly should not be paying unemployment outside of the 26 weeks unemployment (assuming that program should exist).

    Please explain to me how you pay for a tax cut?

    Yes, we need to keep paying for debt, but we don’t need to be adding more to the principle.

    yome says:
    January 16, 2013 at 9:49 am
    Its a continuation of spendings of what we were paying before. We need to keep paying for debt. The two wars, tax cuts and others that we racked before the collapse. On top of that, we have obligations to our citizen that lost their jobs. Even if we kept unemployment at the state level with no revenue coming in spending will still increase

  43. JJ's B.Se says:

    We? How much Federal taxes do you pay? I doubt any or at best enough to buy some MREs for a few snacks. You make it sound like you are shelling out a few hundred grand a year in taxes to pay for war. Really the 47% this is none of their concern.

    Only 53% of country is paying tax towards ware. And they are not complaining, usually welfare mamas complaining it is cutting into their beer money

    joyce says:
    January 16, 2013 at 9:52 am

    No, we most certainly should not be paying for two wars (and the other, let’s call them skirmishes, we’ve encountered since). No, we most certainly should not be paying unemployment outside of the 26 weeks unemployment (assuming that program should exist).

  44. joyce says:

    How many trillion of dollars does the FED gov channel to the industry you claim you work in?

    JJ’s B.Se says:
    January 16, 2013 at 9:56 am
    We? How much Federal taxes do you pay? I doubt any or at best enough to buy some MREs for a few snacks. You make it sound like you are shelling out a few hundred grand a year in taxes to pay for war. Really the 47% this is none of their concern.

    Only 53% of country is paying tax towards ware. And they are not complaining, usually welfare mamas complaining it is cutting into their beer money

    joyce says:
    January 16, 2013 at 9:52 am

    No, we most certainly should not be paying for two wars (and the other, let’s call them skirmishes, we’ve encountered since). No, we most certainly should not be paying unemployment outside of the 26 weeks unemployment (assuming that program should exist).

  45. joyce says:

    And I pay plenty by the way

  46. Comrade Nom Deplume says:

    [37] Dope O’Brien,

    Jeans??? I must have missed that. I knew he hawked gold coins.

    I didn’t read the entire piece about the place he wants to build. Is it really a hardened nompound or more like the catholic village that some pizza billionaire wanted to build in Florida until HUD told him he couldn’t have a religious-themed community.

  47. Comrade Nom Deplume says:

    In early Feb., I have to be in Lancaster, PA for a competition. These are typically half- to all-day events but I only have to be there for a few minutes of it.

    Coincidentally, there is a gun show there on the same weekend. Anyone want me to pick up anything for them while I’m there???

  48. Painhrtz - Not like you can dust for vomit says:

    Nom normally I would say an AR lower but with current events they are really spendy right now

    also got to love this guy but wonder how tough he would be when the spigots on fedgov cash are turned off and his swat team can’t get the new APC they have been lusting over.

    http://market-ticker.org/akcs-www?get_gallerynr=3890

  49. yome says:

    You are paying for a tax cut on revenue that you have before that pays for bills and now you dont have and need to borrow to cover the deficit

    “Please explain to me how you pay for a tax cut? “

  50. Comrade Nom Deplume says:

    [49] pain,

    This is not unexpected, or even unprecedented. And I think things get worse before they get better, re: civil discord. I can even see it getting to the point where other dems with national aspirations tell the WH to tone it down.

    FWIW, I predict that Obama introduces a wish list package of the sort we all knew he wanted (and it will be a partial wish list). But it will go nowhere in that form in that some dem senators won’t go along with immediate action. So it will languish and perhaps a stripped down version gets passed sometime later this year.

  51. joyce says:

    So by that logic, we are never allowed to reduce tax receipts… cause current programs (whether started decades ago or just now) can never be reduced or eliminated.

    Every programs, every one, is pay as you go. For example, SS payments can be zero-ed out anytime congress wants… don’t believe me? just ask the supreme court.

    yome says:
    January 16, 2013 at 10:15 am
    You are paying for a tax cut on revenue that you have before that pays for bills and now you dont have and need to borrow to cover the deficit

    “Please explain to me how you pay for a tax cut? “

  52. Brian says:

    There’s no accountability in congress. They all just head to washington to fight for more free sh1t for the people they represent in order to buy votes. No accountability long term.

    Proposed solution:

    Change representation in congress. Make two houses. The first represents states by population. The more people, the more representatives. The second, represents states by income tax paid. If you contribute more to the federal coffers, you get more representatives.

    The taxpaying house wants to spend less and the house representing population wants more free sh1t and entitlements. Between the two, you wind up somewhere in the middle.

    Also make every member of Senate and house telecomute from their home state in the districts they represent. They might behave a bit better if they have to face the people they represent. With technology the way it is today, there’s no good reason they all should go to Washington to do their jobs.

  53. yome says:

    Bottomline the problem is revenue.Bills were getting paid with increase of deficits when GDP was running 4 to 6% with the tax cuts.We had a surplass without the tax cuts and the 2 wars before GWB came in.

  54. young buck says:

    Security assessments, ‘active shooter’ training being offered to Bergen County schools

    BERGEN COUNTY — The Bergen County Prosecutor’s Office is offering free audits of safety on the campuses of local schools from an expert with experience assessing risk in public places.

    Prosecutor John L. Molinelli said this week that his office is offering up William J. Stallone, the county’s Critical Infrastructure Coordinator, to perform the assessments free of charge.

    Meanwhile Molinelli’s office is preparing to release a training video for school personnel focusing on how to handle an “active shooter scenario.”

    “The video is unique in that it is based upon factual scenarios actually experienced throughout the United States over the past 10 years and is a mirror image to the police training video that has been prepared for all law enforcement in Bergen County,” Molinelli said.

    The videos are under final review and will likely be released at the end of February, Molinelli said. Schools looking to take advantage of the assessment should contact the prosecutor’s office by Feb. 15.

    http://www.nj.com/bergen/index.ssf/2013/01/security_assessments_being_offered_to_bergen_county_schools.html#incart_river

  55. The Original NJ ExPat says:

    [2] grim – Good article, thanks. After our comments of a few days ago, this line stood out:

    “Under the new deal, every homeowner who received a foreclosure notice in 2009 or 2010 — about 4 million — will receive some share of $3.5 billion, regulators said. Those payouts begin at $250 and peak at $125,000. The remaining $5 billion would pay for loan modifications and other homeowner assistance.”

    Why just 2009 & 2010? Could it be because a large constituency of those customers are still in their homes and the cash can be credited against their current loan instead of actual cash back to the home occupiers?

    Great piece at HuffPo on the BS BoA foreclosure review:

    Foreclosure Review Insiders Portray Massive Failure, Doomed From The Start

  56. Painhrtz - Not like you can dust for vomit says:

    Brian but that would make it difficult for special interests groups to get to them if they are spread all over the country ;P not that I don’t agree with you.

    Nom that is the most probable outcome though his highness thinks everything he does is the will of the people so don’t underestimate his narcissism. I really want to see him do something borderline unconstitutional so I can sit back eat popcorn as the red states go apopleptic with talk of secession and civil disobediance.

  57. The Original NJ ExPat says:

    [6]grim – I was thinking about that AND the commuter tunnel that Christie halted.

    I wonder if the $3 billion dollar Army Corps Passaic/Pompton flood tunnel project is buried in those block grants.

  58. Brian says:

    Yome, here’s one of our presidents thought on defecits and debt (credit)

    Some would say it weakens the nation….

    “As a very important source of strength and security, cherish public credit. One method of preserving it is, to use it as sparingly as possible; avoiding occasions of expense by cultivating peace, but remembering also that timely disbursements to prepare for danger frequently prevent much greater disbursements to repel it; avoiding likewise the accumulation of debt, not only by shunning occasions of expense, but by vigorous exertions in time of peace to discharge the debts, which unavoidable wars may have occasioned, not ungenerously throwing upon posterity the burthen, which we ourselves ought to bear.”
    GEORGE WASHINGTON, Farewell Address, Sep. 17, 1796

  59. Anon E. Moose says:

    Caljn [21];

    15 A Moose
    Yeah, nevermind addressing the point…

    The so-called “point” in unadulterated bull$h!t. To quote from Dope’s chemically enhanced post, “DESPITE SETTING A RECORD FOR THE LOWEST SPENDING IN DECADES” (emphasis supplied). I don’t know what nation, universe or dimension Dope thinks this statement might apply to, but it certainly isn’t ours. Here’s just one graph showing federal government spending, and 2009 is not the lowest by any measure.

    Like the civil litigation system, blogs need a ‘loser pays’ feature so I can get the 6 minutes of my life back wasted responding to you and Dope on a rational level.

  60. Comrade Nom Deplume says:

    [57] pain,

    how about something short of secession and full independence, but a call for some sort of semi-autonomy? Think Waziristan or Meech Lake Accords.

    More likely, and more of a concern, would be resolutions in enough states to convene a constitutional convention, or to introduce an amendment to the Constitution that permits orderly exit from the Union. If enough states pick up that ball and run with it, all hell will break loose .

  61. Happy Renter says:

    [123 from yesterday] Moose – if the range allows shotguns, I’m interested. For now that’s my only firearm though.

  62. joyce says:

    1) Tell me why the Federal debt increased every year under Clinton (under every president for decades now) yet you claim we had a surlus?
    2) How do you not see contradiction in your own words in the same sentence? You said bills were getting paid with increased deficits (how were we paying our bills if we have to keep borrowing?).

    yome says:
    January 16, 2013 at 10:29 am
    Bottomline the problem is revenue.Bills were getting paid with increase of deficits when GDP was running 4 to 6% with the tax cuts.We had a surplass without the tax cuts and the 2 wars before GWB came in.

  63. Comrade Nom Deplume says:

    Since everyone wanted to know the details.

    http://thomas.loc.gov/cgi-bin/query/F?c113:1:./temp/~c113P1pDnC:e1161:

    Line up folks, the trough is full.

  64. Comrade Nom Deplume says:

    [64] redux

    Or if you prefer the hyperlinked overview

    http://thomas.loc.gov/cgi-bin/query/z?c113:H.R.152:

  65. yome says:

    http://upload.wikimedia.org/wikipedia/commons/7/78/US_Debt_Trend.svg

    ” Tell me why the Federal debt increased every year under Clinton (under every president for decades now) yet you claim we had a surlus?”

  66. Anon E. Moose says:

    Brian [53];

    I like the concept. Run things like a corporation — 1 tax dollar (1 share) == 1 vote. Since its a conservative idea (in the sense of limiting government scope and spending), it will require the obvious and arduous process of a Constitutional amendment to implement (real politik; tea party aside, I highly doubt there is the political will opposed to government spending in this country to win that debate).

    By contrast, if hypothetically it were a liberal statist ideal like restricting guns, 2d amendment be damned they’ll have a royal fiat, er… Executive Order, drafted by Friday.

  67. wickedorange says:

    Ha ha ha… so good

    US employee ‘outsourced job to China’
    http://www.bbc.co.uk/news/technology-21043693

  68. Essex says:

    For ChiFi:

    1 in 3 Illinoisans lives in or near poverty level: report

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    Posted: Jan 16, 2013 9:52 AM EST Updated: Jan 16, 2013 9:52 AM EST

    CHICAGO (Sun-Times Media Wire) –

    A staggering one out of three Illinoisans today lives in or near poverty — the peak of a continued climb over three decades, a new study finds.

    It means one in five Illinois children are living in poverty, according to the study released Wednesday by the Social IMPACT Research Center of Chicago’s Heartland Alliance for Human Needs & Human Rights.

    The forces behind this rising poverty in a post-recession economy go beyond unemployment, according to the study, which traces it also to an inadequate living wage and lack of access to education, housing, health care and assets.

    “Illinois’ 33%: Report on Illinois Poverty,” is based on 2011 U.S. Census Bureau data. It declares a crisis sparing no community in Illinois, and only worsening under budget cuts to government programs and policies that alleviate poverty.

    Rodney Dawkins, 46, of Lake View, is among the 33 percent.

    With a high school diploma — which the study says holds little value today in wage-earning potential — Dawkins worked minimum-wage jobs all of his life, before a job loss at age 40 left him homeless.

    “I lived at SROs, stayed with friends, slept in the bus or the park,” he said. “I couldn’t find work or afford a place.”

    He finally connected with an employment training program, got a restaurant job, and last year, moved into subsidized housing. But he still lives below poverty.

    “I work maybe 25 hours a week, and manage my money the best way I can,” he said. “Rent comes first, then lights and cellphone. But now that my CTA bus card just went up, I’m really going to have to budget my money to make it through.”

    The 33 percent figure is up from 25 percent of Illinoisans who lived in or near poverty in 2000. In 1990, it was 27 percent; in 1980, 26 percent.

    “We wanted to get a handle on how people are recovering post-recession and to understand how things like our state’s budget crisis are filtering down into communities,” said report author Amy Rynell, director of the research center.

    “What we learned was extraordinarily disturbing,” Rynell said.

    The study found that almost half of Chicago’s population is living in or near poverty.

    In suburban Cook and Kane counties, it’s nearly a third; in DuPage, McHenry and Will counties, one out of five people, and in Lake County, one out of four.

    Statewide, 31 percent of the African-American population lives in poverty, along with 22.6 percent of Latinos; 12 percent of Asians, and 11 percent of whites.

    Of the state’s households headed by single women, 34.3 percent live in poverty; as do 8.2 percent of senior citizens, and 20.7 percent of disabled people.

    The pervasiveness makes poverty one of the most pressing social issues facing Illinois and the nation, according to the study. It offers recommendations from increasing minimum wage and the affordable housing stock to addressing issues of education, health and nutrition and financial traps intrinsic to poverty.

    Read more: http://www.myfoxchicago.com/story/20601722/1-in-3-illinoisans-lives-in-or-near-poverty-level-report#ixzz2I9iHu4D0

  69. Anon E. Moose says:

    Happy Renter [62];

    Slug only, and they only in a designated 1 or 2 stalls, but yes they do. While I’m shopping, I’m also looking at sporting clay guns, probably a semi but maybe an OU.

  70. Painhrtz - Not like you can dust for vomit says:

    Nom I read enough federal mumbo jumbo for a living why are you doing this to me!

    As for [62] losing any of the resource rich red states would be the death knell of fed gov. If we hadn’t become such a slovenly sedated nation I could actually see this happening the one problem is the amount of federal dollars received vs outlays. Could never see a populace in those states coming to a concession on seceding from the union. Everyone loves their free sh!t, even if it really isn’t free it just not coming from their pockets. It will be discussed and it will be heated though.

  71. Comrade Nom Deplume says:

    [68] wicked

    Hey, if I get enough legal work, I plan to do the same thing. Maybe not to China, but it is already being done.

    And the economics are obvious: If a client is willing to pay me $200 an hour, which is a fairly cheap fee, and I can pay someone $20-40 an hour and my only time investment is checking their work for accuracy, then it makes sense.

    In fact, this is done quite frequently by small practitioners and for more than one reason: Law students have free legal search access.

  72. joyce says:

    66
    I cant open that link.

    But here you go:

    Fiscal
    Year Year
    Ending National Debt Deficit
    FY1993 09/30/1993 $4.411488 trillion
    FY1994 09/30/1994 $4.692749 trillion $281.26 billion
    FY1995 09/29/1995 $4.973982 trillion $281.23 billion
    FY1996 09/30/1996 $5.224810 trillion $250.83 billion
    FY1997 09/30/1997 $5.413146 trillion $188.34 billion
    FY1998 09/30/1998 $5.526193 trillion $113.05 billion
    FY1999 09/30/1999 $5.656270 trillion $130.08 billion
    FY2000 09/29/2000 $5.674178 trillion $17.91 billion
    FY2001 09/28/2001 $5.807463 trillion $133.29 billion

    http://www.treasurydirect.gov/NP/NPGateway

  73. JJ's B.Se says:

    None. In fact we are required to pay our regulators salaries.

    Funny I am not as jaded as I used to be. Way back when I started on Wall Street in 1986 I thought there is wall street and everything else is just nonsense. Now I respect other industries. But then again I wore a pasley tie back then and stripped shirts with pin stripped suits and my ego was inflated every morning as I put on my suit.

    Oddly I still have little respect for men in other industries. It may be crazy, but my male brother in laws, cousins etc. who work in bs non financial services jobs generally force their wife to work, kids to take out student loans to pay for school and rack up debt as they choose to work for like 200K less a year out of laziness or twisted morality. Kids today (under 40) would rather wear jeans to work and throw a nerf ball around and leave at five pm than have a real job. The rest of society has to pick up slack.

    joyce says:
    January 16, 2013 at 9:58 am

    How many trillion of dollars does the FED gov channel to the industry you claim you work in?

  74. joyce says:

    74
    Do you have a point?

  75. Comrade Nom Deplume says:

    [71] pain,

    Ha, sorry. Besides its all academic anyway, as you point out.

    As for the payoff, I think that for many, it may actually tilt in favor of secession. We are conditioned to believe otherwise, but consider that if several states “secede” and then form their own republic, they aren’t responsible for the federal debt. Only taxpayers in those areas are. Coupled with an aversion to entitlements means that the new republic will have a clean balance sheet and can implement a much more favorable tax structure. Think folks in Utah or Texas would object to ditching 20-50% ETR for 5-10%?

    The transition period will be the hardest as there is a duality there. The Feds won’t recognize secession or leave, and it will be a nonevent unless the state prevents federal exercise of authority within its borders. Citizens don’t lose US citizenship, and the feds won’t recognize “Texan” citizenship, so everyone in the seceded state remains a US citizen; if they decide not to go along, they are tax cheats and cannot leave the area lest they get arrested. So one of two things would happen if a state had sufficient balls to stand up to the feds (which means blocking civil enforcement of anything, shutting down or restricting fed courts and agencies to jurisidiction over its citizens, and disarming armed federal officers): Either the feds would back down (and who knows what would result) or the feds bring in the troops and “crush the rebellion.”

    One determining factor will be if money moves into a seceding state. If industry doesn’t move out, and if there are incentives to relocate there, then the economy of the new republic could do quite well. The feds won’t throw up roadblocks because they don’t recognize the secession. Another factor will be if the state sets up its own renunciation program and registers a LOT of people. This is where it is doomed to fail because the folks who would most benefit financially from renunciation are the ones least likely to do so.

    For a state to truly benefit, it must protect itself economically. One side effect of any serious effort at secession or a con-con would be that the markets would go nuts. Foreigners would shun US Treasuries and the markets would drop like a stone. Instant worldwide recession, if not depression. So if a state anticipated that and invested accordingly, it could be sitting on a pile of untaxable cash, making it more likely that it would go through with it.

    Anyway, like I said before and reiterate, it’s all academic. Isn’t going to happen.

  76. Sima says:

    Did anyone else see this? Defiitely not what some like to say on this site. (It’s from Science Daily)

    “Unemployment Benefits Not Sought by Jobless”

    “Jan. 10, 2013 — Employment insurance is a vital safety net for the unemployed across North America, yet some take advantage of the system. Recent headlines have made much of a recent report from the U.S. Department of Labor that 11 per cent of all unemployment benefits were overpaid between 2009-11. But new research from Concordia University demonstrates that uncollected benefits represent a much larger dollar figure than overpayments.
    In a study commissioned by the St. Louis Federal Reserve Bank, Concordia economics professor David Fuller examines the U.S. unemployment insurance system’s expenditures from 1989 through 2011. With the help of Concordia colleague Damba Lkhagvasuren, Fuller and his co-authors crunched the numbers and proved that overpayments represent a far smaller amount than uncollected benefits. These benefits may be unclaimed due to any number of reasons; from employees being unaware that they’re eligible to individuals believing their unemployment will be too short-lived to justify making a claim.”
    “…with overpayments representing less than one-tenth of the benefits paid and overpayments due to fraud less than three per cent of the benefits paid. Compare that to unclaimed benefits in the same time period, which are nearly seven times the overpayments.”
    “On average,” says Fuller, “only 63 per cent of the unemployed eligible for benefits in the U.S. have been collecting them over the past 22 years. If all of those who are eligible for unemployment benefits were to start collecting those benefits, as could easily happen if the U.S. continues to have high unemployment, the additional expenditures could be massive.”

  77. Peace, Love, Dope & Beer says:

    “REMINDER: If you have constant fantasies of a black man trying to take away your gun, Freud would have something to say about that.”

  78. Juice Box says:

    Sandy Bill has lots of pork just need to get through the red tape. There is over 19 Billion marked for transportation.

    Transportation, Housing and Urban Development — $19.773 billion

    The amendment provides funding for repairs to Sandy-related damage to roads, bridges and tunnels through the Federal Highway Administration’s Emergency Relief Program as well as the repair backlog for previous disasters. It also provides supplementary funding for repairs, replacement, and reconstruction for various transportation infrastructure: Federal Aviation Administration facilities and equipment; Amtrak rails and equipment; and affected public transportation infrastructure in the New York City metropolitan area (including the MetropolMetropolitan Transit Authority, the Port Authority of New York/New Jersey, New Jersey Transit, and ferries operated by the New York City Department of Transportation). To support community and housing needs for Sandy and other 2011-2013 eligible disasters, the amendment also provides added funding for the Community Development Block Grant program to assist state and local governments meet needs for public infrastructure like hospitals, utilities and roads, repairs for small businesses, rental assistance, and other community development projects.

    Here is the Exec Summary.

    http://www.gop.gov/bill/113/1/hr152

  79. Ernest Money says:

    dope (29)-

    You should restrain yourself from posting until you understand the difference between the deficit and the national debt.

    Until such time, you will remain in the Bebo category.

  80. Ernest Money says:

    plume (31)-

    No one is as dangerous as a dumped bimbo with a gun. I got a very unpleasant lesson in this a long time ago.

    “You don’t hire people with guns anyway. You hire bimbos that you plan to schtup later on. So why is that even relevant?”

  81. Peace, Love, Dope & Beer says:

    From Forbes:
    So, how have the Republicans managed to persuade Americans to buy into the whole “Obama as big spender” narrative?

    It might have something to do with the first year of the Obama presidency where the federal budget increased a whopping 17.9% —going from $2.98 trillion to $3.52 trillion. You are conflating the two, not me:

    “I’ll bet you think that this is the result of the Obama sponsored stimulus plan that is so frequently vilified by the conservatives…but you would be wrong.

    The first year of any incoming president term is saddled—for better or for worse—with the budget set by the president whom immediately precedes the new occupant of the White House. Indeed, not only was the 2009 budget the property of George W. Bush—and passed by the 2008 Congress—it was in effect four months before Barack Obama took the oath of office.

  82. Ernest Money says:

    Sadly, nothing in this country will be reversed until the ranks of the pellet-brained majority is thinned by some sort of conflict or natural disaster.

  83. Happy Renter says:

    [78] Oh hey, speaking of shotguns . . . whadayaknow.

  84. Anon E. Moose says:

    Dope [84];

    Exactly what part of Bush’s budget called for the Obama’s $1T ‘stimulus’ boondoggle passed in Feb 2009? That spending doesn’t count in your world?

  85. Painhrtz - Not like you can dust for vomit says:

    Moose it is magical pixie dust farted out of unicorn’s a$$es. Besides we don’t have a spending problem until it reaches a quadrillion.

  86. Painhrtz - Not like you can dust for vomit says:

    Some highlights from Dear Leaders pound law abiding citizens in the a$$ decree. Additional comments are entirely mine. here is the article
    http://news.yahoo.com/blogs/ticket/obama-unveils-sweeping-plan-battle-gun-violence-165956859–politics.html

    The total cost of the president’s proposals is estimated at $500 million. Hey why not create a slush fund it is for the children after all. Make sure you erect a proper bureaucracy around it maybe a department of not getting shot by guns.

    They wouldn’t say whether any of the steps the president is recommending would have prevented the massacre at Sandy Hook and other recent mass shootings. One senior official on the call did say, “There’s no question that both the actions that he’s taking and the legislation that he’s proposing will save lives.” No sh1t it would not have prevented it and since it can’t be measured it of course will save lives.

    Obama also aimed to thaw what the White House called a “freeze” in scientific research of gun violence by the Centers for Disease Control. And he urged Congress to bankroll the CDC to do research into possible linkages between violent video games and other media images and real-life violence, to the tune of $10 million. F*ck really I have been playing violent video games for thirty years while being in possesion of guns myself, other than a Cure/Depeche mode phase in high school never wanted to off myself or others.

    Gun Violence Reduction Executive Actions

    Today, the President announced that he and the administration will:

    Issue a Presidential Memorandum to require federal agencies to make relevant data available to the federal background check system. Jobs program!

    Address unnecessary legal barriers, particularly relating to the Health Insurance Portability and Accountability Act, that may prevent states from making information available to the background check system. F*ck HIPPA you really did not need that privacy anyway. Had paxil once no gun for you!

    Improve incentives for states to share information with the background check system. They can even get tehir DMVs to cooperate regarding suspended licenses.

    Direct the Attorney General to review categories of individuals prohibited from having a gun to make sure dangerous people are not slipping through the cracks. Your not a police officer, federal agent or in the armed services hence you are dangerous no gun for you. nope no slippery slope. Also may violate 2nd and 5th amendments of the constitution

    Propose rulemaking to give law enforcement the ability to run a full background check on an individual before returning a seized gun. What gun I did not see any gun are you sure we took it?

    Publish a letter from ATF to federally licensed gun dealers providing guidance on how to run background checks for private sellers. more waste they have to know how to do this to get their FFL

    Launch a national safe and responsible gun ownership campaign. More waste!

    Review safety standards for gun locks and gun safes (Consumer Product Safety Commission). More Regulation!

    Issue a Presidential Memorandum to require federal law enforcement to trace guns recovered in criminal investigations. Numbnuts they already do, that is why those icky instruments of destruction have serial numbers on them that are recorded at time of purchase

    Release a DOJ report analyzing information on lost and stolen guns and make it widely available to law enforcement. more bureaucracy

    Nominate an ATF director. Wait their isn’t one already?

    Provide law enforcement, first responders and school officials with proper training for active shooter situations. So cops don’t know how to deal with shooters? for the rest lock doors or run. More jobs!

    Maximize enforcement efforts to prevent gun violence and prosecute gun crime. Goodbye 4th amendment

    Issue a Presidential Memorandum directing the Centers for Disease Control to research the causes and prevention of gun violence. See above

    Direct the Attorney General to issue a report on the availability and most effective use of new gun safety technologies and challenge the private sector to develop innovative technologies. Call it the making guns unaffordable through regulations act. My AK needs an airbag.

    Clarify that the Affordable Care Act does not prohibit doctors asking their patients about guns in their homes. My response none of your F*cking business

    Release a letter to health care providers clarifying that no federal law prohibits them from reporting threats of violence to law enforcement authorities. why wouldn’t they do this already and I’m sure that it woudl not be abused in any way.

    Provide incentives for schools to hire school resource officers. Jobs Program!

    Develop model emergency response plans for schools, houses of worship and institutions of higher education. Every single building?

    Release a letter to state health officials clarifying the scope of mental health services that Medicaid plans must cover. higher taxes!

    Finalize regulations clarifying essential health benefits and parity requirements within ACA exchanges. Pork

    Commit to finalizing mental health parity regulations. Huh?

    Launch a national dialogue led by [Human Services Secretary Kathleen] Sebelius and [Education Secretary [Arne] Duncan on mental health. Can we start with the current administration for analysis. While I’ll agree mental health is the largest cause of these events. Short of being a psycic how are they going to pull this monkey out of their backsides.

  87. relo says:

    Gary,

    Shorty:

    MLS # 1301584

  88. joyce says:

    “None” ?!? Perhaps the most ridiculously inaccurate thing posted ever.

    “We are required to pay our regulators salary” Good to know the bribery is so out in the open.

    JJ’s B.Se says:
    January 16, 2013 at 11:21 am
    None. In fact we are required to pay our regulators salaries.

    joyce says:
    January 16, 2013 at 9:58 am

    How many trillion of dollars does the FED gov channel to the industry you claim you work in?

  89. JJ's B.Se says:

    How is that pork. LIRR, NJ Transit and Subways really compounded problem after Sandy. I had no way to get into city for a month and I lost all the cars.

    Only odd part is none of money is going to homeowners. Fema and NFIP had enought money to pay out. I am not getting a penny of that funds

    Juice Box says:
    January 16, 2013 at 11:53 am

    Sandy Bill has lots of pork just need to get through the red tape. There is over 19 Billion marked for transportation.

  90. JJ's B.Se says:

    What industry do you work in. if any

    joyce says:
    January 16, 2013 at 1:37 pm

    “None” ?!? Perhaps the most ridiculously inaccurate thing posted ever.

  91. JJ's B.Se says:

    I like Sandy Shorties.

    relo says:
    January 16, 2013 at 1:33 pm

    Gary,

    Shorty:

    MLS # 1301584

  92. Comrade Nom Deplume: To Tax what JJ is to Sex. says:

    [80]. Dope O’Brien,

    I wouldn’t call it a fantasy. First, because he has already made clear that’s what he wants, and second, you’ve got a warped idea of fantasy.

    My fantasies involve booze, beaches, and scantily clad busty blondes.

  93. joyce says:

    92
    It’s pork cause the whole country shouldn’t be forced to pay for a local problem.
    93
    I own/operate a restaurant.

  94. Comrade Nom Deplume: To Tax what JJ is to Sex. says:

    [83] ernest,

    Wow. Good thing that every bimbo I ever dumped was a liberal.

  95. Ernest Money says:

    pain (88)-

    Krugman now says trillion-dollar coins are for chumps. Only BSDs are man enough to mint quadrillion-dollar coins.

  96. Ernest Money says:

    joyce (96)-

    When are you hosting a GTG?

  97. Painhrtz - Not like you can dust for vomit says:

    Money I like the cut of your jib, discount booze from clot’s personal stash I might actually show up. Granted with two infants and the inability to have anything to drink but hey why not.

  98. JJ's B.Se says:

    They are more scared of whitey.

    Peace, Love, Dope & Beer says:
    January 16, 2013 at 11:52 am

    “REMINDER: If you have constant fantasies of a black man trying to take away your gun, Freud would have something to say about that.”

  99. JJ's B.Se says:

    ladies dont have to drink to get lucky. And for you ugly ladies who dont drink bring some grain alcohol mixed with some elephant trunk dust for the men

    Painhrtz – Not like you can dust for vomit says:
    January 16, 2013 at 2:17 pm

    Money I like the cut of your jib, discount booze from clot’s personal stash I might actually show up. Granted with two infants and the inability to have anything to drink but hey why not.

  100. Brian says:

    Pain that’s funny. I think I drink more now that I have kids.

  101. joyce says:

    E. Money,

    With this crowd… never!

  102. Painhrtz - Not like you can dust for vomit says:

    Brian I don’t think I could maintain the level of alcohol consumption I did in my 20-early 30s kids or no kids. I was a professional, now I’m just a washed up has been living on their former glory. just a primer a bottle of whiskey used to be my warm up before going out, now I drink a glass of scotch once a month.

  103. Brian says:

    http://www.washingtonpost.com/blogs/fact-checker/post/annotating-obamas-2006-speech-against-boosting-the-debt-limit/2013/01/14/aa8cf8c4-5e9b-11e2-9940-6fc488f3fecd_blog.html

    “I think if you look at the history, getting votes for the debt ceiling is always difficult, and budgets in this town are always difficult.”

    — President Obama, news conference, Jan. 14, 2013

    “The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. government can’t pay its own bills. … I therefore intend to oppose the effort to increase America’s debt limit.”

    — Then-Sen. Barack Obama, floor speech in the Senate, March 16, 2006

  104. Essex says:

    Cover Letter from the jj school:

    My name is [redacted] and I am an undergraduate finance student at [redacted]. I met you the summer before last at Smith & Wollensky’s in New York when I was touring the east coast with my uncle, [redacted]. I just wanted to thank you for taking the time to talk with me that night.

    I am writing to inquire about a possible summer internship in your office. I am aware it is highly unusual for undergraduates from average universities like [redacted] to intern at [redacted], but nevertheless I was hoping you might make an exception. I am extremely interested in investment banking and would love nothing more than to learn under your tutelage. I have no qualms about fetching coffee, shining shoes or picking up laundry, and will work for next to nothing. In all honesty, I just want to be around professionals in the industry and gain as much knowledge as I can.

    I won’t waste your time inflating my credentials, throwing around exaggerated job titles, or feeding you a line of crapp (sic) about how my past experiences and skill set align perfectly for an investment banking internship. The truth is I have no unbelievably special skills or genius eccentricities, but I do have a near perfect GPA and will work hard for you. I’ve interned for Merrill Lynch in the Wealth Management Division and taken an investment banking class at [redacted], for whatever that is worth.

    I am currently awaiting admission results for [redacted] Masters of Science in Accountancy program, which I would begin this fall if admitted. I am also planning on attending law school after my master’s program, which we spoke about in New York. I apologize for the blunt nature of my letter, but I hope you seriously consider taking me under your wing this summer. I have attached my resume for your review. Feel free to call me at [redacted] or email at [redacted]. Thank you for your time.

  105. Brian says:

    They’re all full of cr@p Seif.

  106. Anon E. Moose says:

    Pain [89];

    Telling quote for me: “They wouldn’t say whether any of the steps the president is recommending would have prevented the massacre at Sandy Hook and other recent mass shootings.”

    That’s because they won’t. Never let a crisis go to waste.

  107. JJ's B.Se says:

    All I hear in that letter is anyone with a near perfect GPA is horrific in an office environment. They are used to being told every five seconds they are A students. Also anyone who tells me in an interview they are near term going for a grad school degree is a turn-off, been through that three times already, First I pay for it, Second other workers resent them leaving early asking to work from home on test days, then graduation comes where they come into your office and ask for a promotion or they quit. I also dont like interns. Get a real job. I also like people during school who had nasty jobs. They appreciate good jobs. Also dont like West Coast people. Every Thanksgiving and Xmas they whine they need to take off to go home and I am short staffed and have to cover.

    My letter I would read is this. Hi, (man or women) I am first in my family to attend college, although I could have gotten into many schools I choose to attend (Pace, Rutgers, SJU etc) as I got a partial scholarship and I could continue to work full time while in school at (name job like waitress, roofer, clerk) etc. Although my CPA is only 3.1 I did work full time and I enjoy name something cool, sports, fraternity, traveling etc. I currently live at home not far from city, I am single no kids and can work as many hours as you want and travel as much as you want. Since my costs are low and I have no student loans I wont be coming into your office every five seconds asking for a raise. If you like good Italian, German, Irish cooking etc. My mother will make lunch for two everyday.

    but I do have a near perfect GPA and will work hard for you. I’ve interned for Merrill Lynch in the Wealth Management Division and taken an investment banking class at [redacted], for whatever that is worth.

    I am currently awaiting admission results for [redacted] Masters of Science in Accountancy program, which I would begin this fall if admitted. I am also planning on attending law school after my master’s program, which we spoke about in New York.

    Essex says:
    January 16, 2013 at 3:03 pm

    Cover Letter from the jj school:

  108. JJ's B.Se says:

    All the crazy mass shooters are white guys. I say just take the guns from Whitey.

    Anon E. Moose says:
    January 16, 2013 at 3:22 pm

    Pain [89];

    Telling quote for me: “They wouldn’t say whether any of the steps the president is recommending would have prevented the massacre at Sandy Hook and other recent mass shootings.”

    That’s because they won’t. Never let a crisis go to waste.

  109. joyce says:

    what does a student have to do to get a 3.1 CPA ?

  110. JJ's B.Se says:

    I ment GPA, but a 3.1 GPA in CPA is pretty good.

    The folks with the highest salaries in their 40s had something like an average 2.7 GPA.

    Any GPA above 3.6 usually means you are some type of idiot savant or outcast. Folks like me with a GF, a 30 hour a week job, helped out at home, fixed cars, went barhopping maybe 5 nights a week, had hobbies, like sports etc. almost impossible to every get above a B. Where is the time.

    I had a nice girl I wanted to hire last year but honestly I did not bother. I liked her resume a lot and her personality. But it was that one button to much open and dress one inch too short. My wife and even other depts asked me about candidates and I am like describing all the stuff. I get to this part, oh yea 27 single, busty, likes short skirts blonde, not dating anyone and lives alone walking distance from office in her own apt.

    January 16, 2013 at 3:39 pm

    what does a student have to do to get a 3.1 CPA ?

  111. reinvestor101 says:

    >>>I had a nice girl I wanted to hire last year but honestly I did not bother. I liked her resume a lot and her personality.<<<

    Insurance fraudster. I hate you.

  112. joyce says:

    Don’t even know why I bother asking… but do you have anything other than the two anecdotal stories in your warped mind to back up that statistic?

    JJ’s B.Se says:
    January 16, 2013 at 3:47 pm

    The folks with the highest salaries in their 40s had something like an average 2.7 GPA.

  113. chicagofinance says:

    I never kept alcohol in my house (except bottles of wine) or drank alone until I had kids……now I even keep a stash at work for the hard days…..

    Brian says:
    January 16, 2013 at 2:23 pm
    Pain that’s funny. I think I drink more now that I have kids.

  114. chicagofinance says:

    I would patronize your place in a heartbeat……to use the vernacular…you are the shiznit….unless you a running a Mickey D’s……

    joyce says:
    January 16, 2013 at 2:00 pm
    93 I own/operate a restaurant.

  115. Painhrtz - Not like you can dust for vomit says:

    joyce I six figs and that was my exact undergrad GPA. Granted graduate school I was 3.9 but i took that seriously.

  116. Painhrtz - Not like you can dust for vomit says:

    spelling, syntax and grammar on the other is something I have not yet mastered

  117. JJ's B.Se says:

    The average millionaire has a good education, with 90 percent holding college degrees and 52 percent holding advanced degrees. However, their grades do not indicate superior intelligence. The average millionaire had a GPA of 2.92. Business owners were the lowest of the group, with their average GPA being 2.76. (Before you start feeling bad, remember you’re still the richest).

    Since most millionaires are not intellectually gifted in an analytical sense, they chose not to go into fields (like medicine and law) where intellect is a huge determinate of success. Of course, those millionaires who are doctors or lawyers tend to have very high GPA’s and as you would expect, they place a huge emphasis on intellect and academics.

    However for every intellectually gifted doctor or lawyer who is a millionaire, there is a less-than-intellectually-gifted business owner who is also quite successful.

    Stanley was able to identify a sub-group of millionaires who scored less than 900 on their SAT admission exam. This score is well below average, yet these people managed to build very successful companies. What did they get out of school?

    What is very interesting to me is that 93 percent of these millionaires said the college experience was influential in determining that hard work was more important than genetic intellect in achieving. They also believed that school was important in enhancing their ability to properly allocate time and make accurate judgments about people.

    When asked how important it was to graduate near the top of their class, only 5 percent of business owners responded that it was very important, and only 16 percent said it was important.

    If millionaires on average don’t credit education with much of their success, what is important to them? When it comes to getting along with people, 61 percent thought it was very important and 35 percent thought it was important. Similarly, having strong leadership qualities was considered very important by 45 percent of the respondents, and important by 43 percent.

    From book the The Millionaire Next Door”

  118. JJ's B.Se says:

    Joyces resturant serves only egg rolls and burritos, since you cant see what is inside you can stuff any shit in it and have time to blog. Today I think she shoved used diapers and dirty socks in them.

  119. Ernest Money says:

    Joyce, I could lend you a metal detector if you wanted to host a GTG.

  120. Ernest Money says:

    I could also lend you a Mossberg.

  121. Brian says:

    Party at Joyce’s place. Chip you supply the alcohol and let’s all talk politics. Everybody else bring their guns. Should be a blast!

  122. scribe says:

    I’ve always felt we should have a GTG at Clot’s emporium of booze.

  123. scribe says:

    Just read the part about Joyce’s restaurant.

    So …pre-dinner drinks at Clot’s booze emporium & dinner at Joyce’s.

  124. JJ's B.Se says:

    I hope Joyces owns a hooters or something good!!

    Poker in the Front Liquor in the Rear

  125. Anon E. Moose says:

    Juice [124];

    Give the kid points for the Orwell reference (“Oceanian Troll Order”). I’d like to be upset, but its A) a public university; B) in NJ; C) in Montklair. Thought Police is just their thing (said the scorpion to the frog).

    I’d like to think he’s regretting that he tried to apologize to appease his persecutors.

  126. Neanderthal Economist says:

    great disclaimer on that ritzholt blog, you should use it in here grim. “Comments
    Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.”

  127. Ernest Money says:

    Bleached hams. I like that; especially coming from a guy named Aziz.

    I hope he sues that communist skool and cleans them out.

  128. Ernest Money says:

    Were my store not in NJ, I would keep a nice selection of ammo on hand behind the counter.

  129. Juice Box says:

    re: # 129 – granted location location location however the boyfriend of Ham Hocks called Lonegan a racist and a shameful American facist while disrupting the event at the school, he received no disciplinary consequences from the Montclair State administration. Seems political to me, Aziz needs a good lawyer to take them to the cleaners….

  130. Phoenix says:

    (123 yesterday) Moose,
    I would meet to go to the range. Let me know when you would want to go.

  131. Ernest Money says:

    The liberal’s favorite pastime is silencing opposing voices.

  132. Punch My Ticket says:

    wicked [68],

    I hope that’s not Gary. Well, maybe I hope it is Gary.

    Software development arbitrage is the wave of the future.

  133. Anon E. Moose says:

    Phoenix [134];

    Great, two nibbles. Do I hear 3?

  134. joyce says:

    This from the guy (you are a guy right?) who posts more than anyone, and only 9-5 (only on ‘company time’), and think he’s god’s gift and reminds us all by telling the same exaggerated stories (that seem to change a little bit each time) and by telilng the same old not-funny jokes.

    JJ’s B.Se says:
    January 16, 2013 at 4:42 pm

    Joyces … and have time to blog.

  135. Comrade Nom Deplume, plotting his moves for 2013 says:

    [137]. Moose,

    If it close to or in PA, I’m in.

  136. Painhrtz - Not like you can dust for vomit says:

    Moose still shooting bambi none for me thanks

  137. Amedar says:

    I have been absent for a while, but now I remember why I used to love this web site. Thank you, Iˇ¦ll try and check back more often. How frequently you update your website?

  138. Essex says:

    138. JJs kind of a big deal around here. ChiFi, well he’s just too bitter.

  139. Libtard at home says:

    Chi’s not bitter at all. He’s the real deal. As is Joyce and Nom. Essex, I lump you in with the qwertys and the Dopes.

  140. caljn says:

    129 A Moose
    Thought police? Better to matriculate at BYU or Liberty “University”.
    You know, where they make things up and call them facts?

  141. Fabius Maximus says:

    #144 Lib

    He’s bitter towards me… :*)

  142. Fabius Maximus says:

    #140 pain

    What about a bambi Bow GTG?

  143. Essex says:

    144. Oh yeah. Easy for you to say.

  144. Essex says:

    144. Real deal schlemiel.

  145. Incredible! This blog looks exactly like my old one! It’s on a totally different topic but it has pretty much the same layout and design. Excellent choice of colors!

  146. Hi all! I want to have my own website let’s say i will purchase it through Godaddy and for designing part i want to use joomla. I have gone through guidance file given within joomla setup but still m confused in how to link my domain name and joomla?. Pls help me in this regard and give possible best suggestions. ..

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