So much for that FHA cut

From MarketWatch:

Trump already suspends Obama-era FHA mortgage insurance cut

The Federal Housing Administration will roll back a cut in mortgage insurance premiums announced just days earlier under outgoing Housing and Urban Development head Julian Castro, the government said Friday.

The reduction in insurance premiums “has been suspended indefinitely,” according to a release. “FHA will issue a subsequent Mortgagee Letter at a later date should this policy change.”

The reduction of 25 basis points, or a quarter percentage point, was meant to help more borrowers gain access to the mortgage market. It came after a surge in mortgage rates.

Castro said FHA’s reserves, which premiums help bolster, were healthy enough to withstand lower revenues. In 2013, FHA required a bailout of $1.7 billion when its reserves fell short.

Congressional Republicans had largely opposed the cut. House Financial Services Chair Jeb Hensarling of Texas issued a statement saying, “the Obama administration’s parting gift to hardworking taxpayers is to put them at greater risk for footing the bill for another bailout.”

And Alabama Senator Richard Shelby announced his opposition to the cut during the confirmation hearing of Dr. Ben Carson, the nominee as next head of HUD. Carson agreed that the cut was worth examining.

Many housing analysts had expected the cut to be challenged. “A delay in the [mortgage insurance premium] cut is probable at this point, but we caution that a delay does not necessarily signal a reversal,” wrote Compass Point analysts on Thursday. “If a delay does materialize, we would likely increase our published odds of a full reversal from 40% to 70%.”

While some progressive groups hailed the cut as a means of helping more borrowers access mortgage credit, it wasn’t universally seen as a big game-changer. For one thing, it was too small to mean big savings for borrowers: FHA estimated it at an average of $500 per year.

And some analysts thought its impact on drawing more borrowers in would be limited. Laurie Goodman, co-director of the Urban Institute’s Housing Finance Policy Center, told MarketWatch that there were other steps FHA could take to entice more lenders to make mortgages, such as limiting its legal actions under the False Claims Act.

This entry was posted in Mortgages, National Real Estate, Politics. Bookmark the permalink.

142 Responses to So much for that FHA cut

  1. grim says:

    From NJ.Com:

    Camden officials dispute ranking as one of most ‘dangerous’ cities in the nation

    In the face of a downward trending homicide count and decreased overall violent crime totals, Camden was still one of America’s 100 most dangerous cities last year.

    That’s according to Massachusetts-based real estate website Neighborhood Scout, which released its FBI-backed findings earlier this month and put the roughly 77,000 residents of the nine-square-mile City Invincible in the No. 4 slot.

    This year’s release, the fifth annual effort of its kind by Neighborhood Scout, is based off crime data from 2015 — approximately two years after the Camden County Police Department took over law enforcement duties in the city.

    “In the county police department’s second full year of operation, 2015, was another year of progress for public safety in the city, which logged almost 2,000 less victims of crime from the 2013 Neighborhood Scout listing,” Freeholder Louis Cappelli countered earlier this week.

    Other dangerous New Jersey locations within the top 50 include Atlantic City, at No. 16; Trenton at No. 42 and Bridgeton at No. 46. Camden ranked No. 2 in Neighborhood Scout’s 2016 report and came in first in 2015. Data used for 2015’s ranking cited 32 murders, 75 rapes, 485 robberies and 931 assaults.

    Cappelli continued that Camden City is “moving forward and making great strides on a daily basis” and that there is “no disputing the new corporate campuses rising from shuttered lots creating fertile ground for change in the community.”

    “Regardless of the content in these lists, that do nothing but compound an old and tired stigma of city, there is real tangible progress being made here on a daily basis,” he said.

    Neighborhood Scout’s top five most dangerous cities for 2016 are, in order, Wilmington, Delaware; Camden, New Jersey; Alexandria, Louisiana; Monroe, Louisiana and East St. Louis, Illinois.

  2. Hughesrep says:

    Nom yesterday.

    Does Fox count as a real news source for you?

    http://www.foxnews.com/us/2017/01/21/fact-check-trump-overstates-crowd-size-at-inaugural.html?ICID=ref_fark

    “TRUMP: “I made a speech. I looked out. The field was — it looked like a million, a million and a half people.”

    The president went on to say that one network “said we drew 250,000 people. Now that’s not bad. But it’s a lie.” He then claimed that were 250,000 right by the stage and the “rest of the, you know, 20-block area, all the way back to the Washington Monument was packed.”

    “So we caught them,” said Trump. “And we caught them in a beauty. And I think they’re going to pay a big price.”

    THE FACTS: Trump is wrong. Photos of the National Mall from his inauguration make clear that the crowd did not extend to the Washington Monument. Large swaths of empty space are visible on the Mall.

    Thin crowds and partially empty bleachers also dotted the inaugural parade route. Hotels across the District of Columbia reported vacancies, a rarity for an event as large as a presidential inauguration.

    And ridership on the Washington’s Metro system didn’t match that of recent inaugurations. As of 11 a.m. that day, there were 193,000 trips taken, according to the transit service’s Twitter account. At the same hour eight years ago, there had been 513,000 trips. Four years later, there were 317,000 for Obama’s second inauguration.

    There were 197,000 at 11 a.m. in 2005 for President George W. Bush’s second inauguration. The Metro system also posted that only two parking lots at stations were more than 60 percent full.

    But the exact size of the crowd may never be known since the National Park Service, which used to provide those estimates, stopped doing it in the 1990s.”

  3. Fast Eddie says:

    It’s Morning in America!

  4. Grab them by the puzzy says:

    @Rachel_Nichols
    Gregg Popovich on all the marches today:
    “the message is obvious…there’s a majority of people out there who don’t buy his act.”

    @StephenKing
    Welcome to the age of plunder,
    bluster, and empty rhetoric.
    In other words, to the Age of Dumb.
    If you voted for him, you’re responsible.

  5. The Great Pumpkin says:

    Did you actually watch the speech? It’s a problem when the President is so focused on the size of the crowd, too bad you can’t understand that. I don’t know if I can take four years of this narcissistic talk by an Anerican leader. What the hell kind of leader focuses on himself with almost every word that comes out of his mouth. It’s only a matter of time before the slogan goes from “make America great again” to “Trump made America great again” as he shoves his narcissistic drivel down our throats. Something is not right with this guy. I never saw a 70 year old behave like this, never mind a president.

    Tywin says:
    January 22, 2017 at 1:29 am
    Actually, Trump wasn’t addressing the size of the crowd, but rather the media lying about the size of the crowd, and he also mentioned the media lying about the removal of MLK’s bust from the Oval Office. This is going to be a very painful 8 years for the “mainstream” media (97% of which vote democrat) and their failed attempts at misinformation and creating a narrative.

  6. Grab them by the puzzy says:

    @Kasparov63

    Obvious lies serve a purpose for an administration.
    They watch who challenges them and who loyally repeats them.

    The people must watch, too.

  7. The Great Pumpkin says:

    What is wrong with some people? Did you not forget what America was founded on? Yes, that’s right, protests and standing up for your rights. The people complaining about political Facebook posts and people protesting are going directly against the principles America was founded on.

    If you would have been alive at the time of the American Revolution, you would have been complaining about the Boston Tea Party protesters, claiming why are these idiots doing this.

    In the fight for women’s suffrage movement, again, you would have been calling these people fighting for the right for women to vote idiots.

    In the great labor movement a 100 years ago in which many men lost their lives in the protest to form unions and have better working conditions, you would have bashed these individuals fighting for better rights as idiots. (It makes me really upset that so many people today have become anti-union (aka anti-worker) when people gave up their lives in the fight against big business and govt.)

    During the civil rights movement, again, you would be calling the people protesting idiots. Thankfully, these idiots stood up for their rights and protested. Now I don’t have to teach my daughter that this is a bathroom for whites, this is a bathroom for colored people, and then have to explain to her why.

    Our country isn’t perfect, but the only way it will get better is to constantly fight for a better America. You can call a protester an idiot because you don’t comprehend why they are protesting, but understand that protesting is exactly what made America great!

    We are all on the same team, stop bashing your fellow citizens for standing up for what they believe in.

    God bless America and all the individuals who protested to make it what it is today.

  8. D-FENS says:

    https://twitter.com/tallahfortrump/status/823165742199742464

    Trump got more Fat women to walk in one day, than Michelle Obama did in 8 years.
    #WomensMarch 

  9. The Great Pumpkin says:

    Wow, these conservative writers are bat shi! crazy. Really don’t have much words for this crap, but hey, it’s your right to write about whatever you want. Just hope too many people don’t buy into the “dumb.”

    “What Madonna said today was not just sick, it was psychopathic. She had the nerve to go to Washington D.C. and admit that she wanted to, and I quote, “Blow up the White House”!

    SHE PROBABLY THOUGHT “OH, I’M A CELEBRITY. I’LL GET AWAY WITH IT.”…WRONG! NOW DONALD TRUMP HAS SENT THE MOST POWERFUL POLICE FORCE IN THE WORLD AFTER HER…THE SECRET SERVICE.

    She deserves it too! If I were the Secret Service, I’d lock this nut-job up for the next 20 years. I mean who in their right mind says,”

    http://conservativefighters.com/news/right-threatening-blow-trump-madonna-got-worst-news-life/

  10. nwnj3 says:

    Lots of people out thre hyperventilating on both sides. Everyone, and in particular the administration need to relax, this is a marathon and not a sprint.

    The one aspect(well, more than one actually if you include the baby asassination agenda) of the left that I do find completely objectionable is the racial politics. They’ve succeeded in keeping minorities captive despite doing nothing whatsoever to advance their cause and they are pulling out the stops to keep it that way.

    This election was won on economic issues first and I can see why Trump would be sensitive to the attempts to portray it differently.

  11. Fast Eddie says:

    I want to thank President Obama for the dismantlement of the Democratic party and for invigorating the desire for American exceptionalism! We couldn’t have done it without your divisive rhetoric over the past eight years!

  12. The Great Pumpkin says:

    He won on lies. If any of these billionaires actually cared about America, they would have never sold out the American worker and start a huge attack on unions which are a direct tool to protect workers. They were highly successful in getting people to buy into anti union rhetoric. Is there any wonder that the middle class has been dying in direct correlation with the drop in unions? Trump and all these other billionaires have the money and power to directly invigorate our middle class by creating jobs in America but refuse to. You don’t need to cut taxes even more in order to bring back jobs, you just need the billionaires willing to become job creators that will bring back the middle class. It’s really as simple as that. They choose profit over creating middle class jobs. They chose profit over “keeping America great.” Would not need the slogan “make America great again” if the middle class had never been sold out in the name of profit.

    “This election was won on economic issues first and I can see why Trump would be sensitive to the attempts to portray it differently.”

  13. The Great Pumpkin says:

    How can you say that you will make America great again and at the same time be anti-union? It’s contradictory. Owners are just going to willingly give raises that come out of their profit? Come on, you have to be a moron to think they will create good jobs on their own. You need a tool in place to make them share some of the profits. It’s not rocket science.

  14. The Great Pumpkin says:

    Yes, sure, the same party that gave them equal right in the civil rights movement. Sure, democrats sure held them down. Maybe if some of these billionaires provided decent jobs for these minorities, they wouldn’t be dependent on the Democratic Party to survive based on handouts.

    “They’ve succeeded in keeping minorities captive despite doing nothing whatsoever to advance their cause and they are pulling out the stops to keep it that way.”

  15. The Great Pumpkin says:

    You see those protest numbers? I think trump just made the Democratic party that much stronger and unified. They are fired up.

    Fast Eddie says:
    January 22, 2017 at 9:34 am
    I want to thank President Obama for the dismantlement of the Democratic party and for invigorating the desire for American exceptionalism! We couldn’t have done it without your divisive rhetoric over the past eight years!

  16. The Great Pumpkin says:

    Shocker. Anti-establishment my a$$.

    “The word in Davos: Ignore the tweets. Executives gathered in the Swiss resort for the World Economic Forum this week keep repeating, like a soothing mantra, that Donald Trump is at heart a pragmatist who will avoid trade wars and regulations that make it harder to do business.

    “What somebody’s saying is not necessarily what they’re going to do,” said David Cote, chief executive officer of Honeywell International Inc. He should hope so: Honeywell is a global manufacturing giant with far more employees outside the U.S. than in, and it has made major bets on projects like supplying parts for China’s first commercial jet.

    With stock markets nearing record highs and business-friendly figures like billionaire investor Wilbur Ross named to the cabinet, a conviction has set in that a man who came to power as an anti-establishment populist might in fact usher in a golden age for business.”

    https://www.bloomberg.com/news/articles/2017-01-21/trump-was-taken-seriously-by-ceos-at-davos-but-not-literally

  17. Essex says:

    Eddie/Gary if your man is as dumb as I think he is, six month….til he does something of incalculable stupidity.

  18. The Great Pumpkin says:

    China trying to move into the Middle East.

    “Chinese President Xi Jinping on Thursday called for establishing a Palestinian state within the pre-1967-war borders amid efforts by Beijing to assert its economic and political clout in the Middle East.”

    “”China supports the peaceful process in the Middle East [and] the establishment of a Palestinian state with its capital being eastern Jerusalem,” he added through an interpreter.”

    “Xi announced 50 million yuan ($7.6 million) in aid for the Palestinians.”

    http://www.haaretz.com/israel-news/1.698833

  19. Comrade Nom Deplume, Who doesn't care when you got your bottle. says:

    Hughesrep

    It does. And it sounds like the democrats have developed the same sort of envy that plagued the GOP primary. Makes me wonder what they’re compensating for.

  20. Comrade Nom Deplume, Who doesn't care when you got your bottle. says:

    Things that I think about when I think (with apologies to Peter King):

    All of the women march in yesterday describe themselves in colorful terms and were incredibly afraid of their vajajays been grabbed.

    Which struck me as slightly funny because I’ve spent my entire adult life trying to avoid “nasty puzzy”

  21. Essex says:

    Nom….no such thing? According to jj even when it’s bad, it’s goooood.

  22. Steamturd thinking about the remains of Hillary's umbilical stump says:

    Was speaking with a less progressive than most liberal in Montclair last week. I asked her why she thought Hillary lost. She said it was the blue dress. Interesting. I told her it was the placating an the foundation and that it wouldn’t have taken much for her to win, but she refused to listen to the protesters.

  23. Steamturd thinking about the remains of Hillary's umbilical stump says:

    I’m still astonished that Trump won. And I’m still at a loss to determine whether it was HRC who was really that bad, or was Trump really that good. I will say this though. The DNC strategy of labeling anyone who didn’t support Hillary a sexist, was about the dumbest thing I’ve ever witnessed in politics (well besides what was revealed in those wikileaks). This is why the women’s march was so silly to me, though I strongly respect the rights of any group to protest. This march was a continuation of non-inclusive politicking. The Left really still doesn’t get it. And there will be more Trumps (who I might add was a registered Democrat as late as 2009) until they do get it.

    I wait anxiously for Otto and Fab’s denial and pointing out how this opinion just proves America’s misogynistic majority.

  24. Ben says:

    Yes, sure, the same party that gave them equal right in the civil rights movement. Sure, democrats sure held them down. Maybe if some of these billionaires provided decent jobs for these minorities, they wouldn’t be dependent on the Democratic Party to survive based on handouts.

    The good jobs in the inner cities left when they were burned to the ground in the 60s. The rest left when Clinton signed NAFTA. Tariffs are the only thing that brings them back.

  25. Essex says:

    Trump was on point message – wise. Hillary just did not inspire and was smug. Both are probably insufferable a$$holes in private, but who cares. Do the job. We’ll love em. NO confidence in her, willing to give him a chance. The Bar is pretty damn low. I’d love to see the guy prove everyone wrong. But he makes people nervous…..

  26. Essex says:

    BTW, taking pot shots at the guy’s family is a major fail. By all intents and purposes it was his family that came across as appealing. Calling his kid out for being ‘on the spectrum’ pretty pathetic. That’s where the Party of JFK completely loses guys like me.

  27. leftwing says:

    Only when the Left, their protesters, handwringers, and proxies realize that Trump won not “in spite of their efforts” BUT “because of their efforts” will true change begin.

    This step is painful as the implications are not pretty.

    For Jeb and Hillary, and their apologists, the public was not ‘hoodwinked’ by Trump or his ‘lies’. They looked hard at him, and looked hard at you. They then chose HIM over YOU. What does that say about YOU? It’s not pretty.

    I’m not from the area. I moved to the City in 1986. When I arrived I had never heard of Trump. When I first saw coverage of him, compliments of the Post, I realized he was an unprecedented freak show. He still is. And I voted for him. Twice. Because of the alternative. Stop serving me up re-heated genetic leftovers supporting the same self serving failing system, and I’ll stop voting for him.

  28. leftwing says:

    “I want to thank President Obama for the dismantlement of the Democratic party and for invigorating the desire for American exceptionalism! We couldn’t have done it without your divisive rhetoric over the past eight years!”

    I want to agree, but with a slightly different view than the prevailing.

    Obama did not break the Party. Obama simply gave the Party the chance to control the agenda, and the Party agenda caused the meltdown of both.

    I said it eight years ago. Dems couldn’t wait for Obama to take office. Not for the obvious reasons, but because the long time power brokers finally had a novice in the Oval Office with no infrastructure, experience, or backbone they could control.

    Obama walking into the White House was the equivalent of a freshman virgin with a .25 BAL stumbling into the backdoor of a fraternity party. They both got trained for a long, long time by all the members.

    Listen to Obama since the election. He’s been his own person. He stayed above the fray of the popular vote, recounts, Russia, inauguration boycotts. He actually sounded and seemed Presidential, and not like a puppet of the far Left. Had he this confidence and wherewithal during the last seven years and ten months to disregard the worst impulses of his Party both he and his Party may have actually accomplished something permanent. Glad they didn’t.

    So to the Left, and their proxies, keep it coming please. Every shrill scream, every FU by NYC celebs on national TV, every MSNBC report, every SNL skit contribute yet another swing state vote AWAY from you.

    My sincerest thanks to the Left for tanking the Obama Presidency and the Hillary candidacy. Well done.

  29. Fast Eddie says:

    leftwing,

    Superb missive! Well done!

  30. Essex says:

    2:58 I gotta agree that was good.

  31. Fabius Maximus says:

    Youngest Trump is off limits.
    Melania mostly off limits
    Second youngest, mostly off limits.
    Three eldest, fair game.

  32. Fabius Maximus says:

    Madonna was stupid and dumb, but no worse than Ted Nugent. It will go the same way.

  33. Fabius Maximus says:

    Stu,

    I’m still trying to work it out, butnot spending that much time on it. I do think the leaks hurt, but I don’t think there was any thing there, that you would not have found on the other side.
    I suppose it comes down to, “thou shan’t get caught”. I do belive the other side was hacked as well. The dirt just hasn’t come out yet.

  34. Fabius Maximus says:

    “Alternate Facts”, that sort of sums up what we are in for for the next few years.

  35. Fabius Maximus says:

    “I’ve been working the last 16 of 24 hours.”

    The overtime is nice, what will you do with the money? I assume you did get paid for them. Were the contractors in there with you? Probably not, they have to get paid for the off hours work.

  36. Fabius Maximus says:

    There were a few others busily working over the weekend. Although calling them hackers is a bit of a misnomer.
    https://qz.com/891201/hackers-were-downloading-government-climate-data-and-storing-it-on-european-servers-as-trump-was-being-inaugurated/

  37. No One says:

    One thing some don’t realize is that the ultra-rich don’t mind tariffs much as long as they have an export oriented business. Brazil has been doing this a long time. Their manufacturing stinks but their people have to pay 2 or 3 times global prices for stuff like cars and electronics. A few people get cushy jobs out of it, and the politically connected crony businessmen like it even more. They go have a vacation in the US and bring it back or they just pay extra since those costs aren’t a big deal to them. But Brazilian businesses get addicted to the protection and are quite weak in global competitiveness.

  38. Fast Eddie says:

    Fabius,

    I’m salary, no overtime. Although, I did get a nice bonus, raise and promotion at year’s end. And yes, we are already great because the left is so pathetic that anyone… anyone the right put up against them was going to win! Hillary was a pathetic choice. Obama destroyed a party, lost over 1000 seats, doubled the debt and put more people on public assistance than ever before! What did you expect?

  39. juice Box says:

    Re: crowd on Friday

    yeah disruptj20 did a good job of denying people their first amendment right to assemble, where is the coverage of this?
    ,
    https://mobile.twitter.com/AlexR_DC/status/822438363567390720/video/1

  40. Steamturd thinking about the remains of Hillary's umbilical stump says:

    I don’t think Obama had nearly anything to do with the election results. I think Obama might have won a third term if there weren’t limits. I would have voted for him over Trump. I couldn’t stand HRC. I couldn’t stand her the moment I learned of all of Bill’s sexcapades and she supposedly had an arrangement. The Foundation, the support of Wasserman, the Howard Dean refusal to give his super delegate vote to Bernie even if Bernie won the primary were all icing on the cake. Will be interesting to see if Trump somehow does well. I think he will face more gridlock than Obama did, as the Republicans and the Dems both hate him.

    I still posit that he’s a liberal and he played the Republicans.

    Have you guys seen this? https://www.youtube.com/watch?v=OZqKLlLc0xo

  41. Shawnlet says:

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  42. Fabius Maximus says:

    Juice that must account for at least 20 or 30!.

    What I don’t get is that there is so many ways to spin the small numbers, but the ego has to a) Lie, b) stick to the lie.

    If only it was alternate reality. Someone actually suggested that. Build a second White house and stick him in it. Let him pretend to be president while the adults run the country. It would be somewhere between The Truman Show and faking the moon landings.

  43. Fabius Maximus says:

    “I’m salary, no overtime. Although, I did get a nice bonus,”

    Here is a fun math trick. Take your salary and work out your hourly rate. Multiply that number by 1.5. Multiply that number by the number of hours worked in the 16 hr weekends, the nights, bank holidays, calls in the middle of the night etc etc.
    Subtract than number from your bonus.
    Compare your new bonus number to someone like the departmental Secretary that doesn’t work a minute past their 9 to 5.

    Remember you are one paycheck away from unemployment at will, this time there is no severance.

  44. Fabius Maximus says:

    Stu,

    He’s got the gig, what you have to worry about now is where this goes from here. Make America Great again is all BS. Yes this is an ego ride, but this is more about what money can be made. Take a look at the advisers and the cabinet. They will be wringing money out of the economy like a fat kid with a Pinata!

    I want to invest in an ETF called “Whatever they are investing in!”

  45. Fabius Maximus says:

    I’ll just file this under #DropMic
    https://www.youtube.com/watch?v=0RMwjaZouNY

  46. Steamturd thinking about the remains of Hillary's umbilical stump says:

    “They will be wringing money out of the economy like a fat kid with a Pinata!”

    Because all rich people are greedy. Right? Yet when Dodd takes a sweetheart loan from Mozillo, this is not a conflict of interest. Or when Hillary refuses to close down the foundation while secretary of state there is no conflict of interest.

    Rich people can make plenty of money without working for the government. As a matter of fact, I would argue that they’ll lose more in opportunity cost by spending time trying to change the bureaucracy rather than worrying about their own businesses. It’s actually the relatively poor politicians who worry me the most. How much did Dodd save by acting criminally and taking that loan? See what I am saying? Probably not. It’s not in the handbook.

  47. Fabius Maximus says:

    Dodd yes, Hillary No.

    Now when you are in Gvmt we know you can make the Big Bucks. https://newrepublic.com/minutes/139951/tom-price-already-screwed-insider-trading-defense

    Now we get it without any oversight. “I made that investment, long before I suggested we take that action!”

    Chi will be tying himself in prestzals over this.

  48. Fabius Maximus says:

    So we go to sleep safe in the knowledge that we have no Ambassadors anywhere in the world. We have Two confirmed Cabinet members so at least he can pick his own designated survior.

    http://www.politico.com/story/2017/01/trump-senate-confirmations-slog-233726

    And we do have the acting members. Can anyone name the current Secretary of State without Google? Personally, I prefer him over the nominated one.

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  50. Comrade Nom Deplume, Who doesn't care when you got your bottle. says:

    Ambassadors are an anachronism, Rory. I know some and I don’t know any useful purpose they serve other than to be targets in Muslim countries. I don’t recall hearing that all the borders shut down on 1/20 because there were no ambassadors.

    One of your stupider comments. In that sense, I’m impresssed.

  51. Ottoman says:

    Must be difficult getting ready for work without mirrors in your house.

    Comrade Nom Deplume, Who doesn’t care when you got your bottle. says:
    January 22, 2017 at 11:30 am
    Things that I think about when I think (with apologies to Peter King):

    All of the women march in yesterday describe themselves in colorful terms and were incredibly afraid of their vajajays been grabbed.

    Which struck me as slightly funny because I’ve spent my entire adult life trying to avoid “nasty puzzy”

  52. Ottoman says:

    DNC does not equal the left. They lost the election by backing a corporate teet svcking candidate (Obama was one too) And rigging the election and bashing the Bernie supporters (including specifically invoking misogyny) and the Stein supporters to do it.
    Bernie would have won the few rust belt states that would have changed the outcome.

    It is heartening to see more and more people understanding this, whether the movement grows enough to either shift the Dems actually left (they are not left when they support charter schools i.e. Cory Booker) or create a viable third party.

    If anyone can make this happen it’s Trump.
    Btw, America is still plenty misogynistic.

    My money’s on trump being impeached in 2 years.

    Steamturd thinking about the remains of Hillary’s umbilical stump says:
    January 22, 2017 at 12:55 pm
    I’m still astonished that Trump won. And I’m still at a loss to determine whether it was HRC who was really that bad, or was Trump really that good. I will say this though. The DNC strategy of labeling anyone who didn’t support Hillary a sexist, was about the dumbest thing I’ve ever witnessed in politics (well besides what was revealed in those wikileaks). This is why the women’s march was so silly to me, though I strongly respect the rights of any group to protest. This march was a continuation of non-inclusive politicking. The Left really still doesn’t get it. And there will be more Trumps (who I might add was a registered Democrat as late as 2009) until they do get it.

    I wait anxiously for Otto and Fab’s denial and pointing out how this opinion just proves America’s misogynistic majority.

  53. Grab them by the puzzy says:

    @PaulKrugman

    Things Can Only Get Worse

  54. The Original NJ ExPat says:

    My almost 15-year old daughter went to Boston Common by herself to check out the Women’s march. She said it was too crowded so she turned around and came home. She also said she saw a white girl with dreadlocks and you could see mold in the dreads and it was really gross.

  55. chicagofinance says:

    I give Ottoman credit. He is intellectually honest and posits quality arguments with which I don’t generally agree. FlabMax is just a diminutive anti-semitic troll. Also, as an aside, why would snarky and nasty British humor qualify as anything other than a tiresome bore? John Oliver is really no better. When Oliver made fun of Trump’s name, that riff exposed his pure hypocrisy.

    Regardless of the merit of any denigration of the United States, bottom line, any foreign nationals’ complaints are ultimately sourced in green envy………

    Comrade Nom Deplume, Who doesn’t care when you got your bottle. says:
    January 23, 2017 at 6:42 am
    Ambassadors are an anachronism, Rory. I know some and I don’t know any useful purpose they serve other than to be targets in Muslim countries. I don’t recall hearing that all the borders shut down on 1/20 because there were no ambassadors.

    One of your stupider comments. In that sense, I’m impresssed.

  56. chicagofinance says:

    Is that the new song by Howard Jones?

    Grab them by the puzzy says:
    January 23, 2017 at 8:36 am
    @PaulKrugman

    Things Can Only Get Worse

  57. The Original NJ ExPat says:

    BTW, Trump won the popular vote in 62% of the states.

  58. Anon (the good one) says:

    President Obama, God bless, left us with a sizzling hot economy and as result got recently outbid couple of new projects, wanted to upgrade just like Gary but my price point is much higher than his and, ironically, there’s a very healthy competition at that level that not even me can keep up with resulting being forced to switch gears and consider expansion instead.

    Grim,
    what’s best practice to engage in say 200k upgrade project as am not really concerned about getting my dough back when selling as this ain’t a biz move, it’s more about using the money well and making sure end up with a non-wasteful quality upgrade

  59. Steamturd thinking about the remains of Hillary's umbilical stump says:

    “there’s a very healthy competition at that level that not even me can keep up with”

    Sounds like another Trump in the making.

  60. D-FENS says:

    “I think, after hearing this speech, we can conclude that Trump was a third party candidate who won under the GOP banner.”

    – Charles Krauthammer

  61. Fast Eddie says:

    Anon (the good one),

    I read your post three times and I’m still not sure what it is you’re trying to say.

  62. Fast Eddie says:

    What percentage of this female occupy march consisted of women with mental health issues, no purpose and no direction?

  63. Fast Eddie says:

    Fabius,

    Multiply that number by the number of hours worked in the 16 hr weekends, the nights, bank holidays, calls in the middle of the night etc etc.

    I don’t do those any longer. I’m 9 – 5 with free reign on a WFH schedule. The other day was for same deadlines and projects.

  64. Tywin says:

    People are visible right up to the Washington Monument in CNN’s “Gigapixel” photo, which the blog is blocking me from posting.

    It is curious the “mainstream” media falsely claimed Trump removed MLK’s bust from the Oval Office, and also used crowd photos from early in the day for comparison. One might get the impression they are driven by an agenda, rather than the interest to report things honestly and accurately.

    “THE FACTS: Trump is wrong. Photos of the National Mall from his inauguration make clear that the crowd did not extend to the Washington Monument.”

  65. Tywin says:

    Trump has 40+ years of first-hand experience dealing with unions. And you?

    “How can you say that you will make America great again and at the same time be anti-union? It’s contradictory.”

  66. STEAMturd, reminiscing about Cankles says:

    I heard an old Trump steaks commercial. You could see his MO way back then. He intentionally deceives the customer by claiming that steaks of this quality are only available in fine restaurants and from him. Then he makes the claim that only 1% of all steaks are given the Angus rating (not Prime). This is probably true, as Angus rating means little more than that the meat came from a 50% or greater Angus bred cow. The quality of the meat can be as low as choice and in many cases, such as with McD0nalds beef, probably lower and still claim to be Angus. So get your McD0nalds steaks only available at the Sharper Image.

  67. Anon E. Moose, proud owner of Silk City Bourbon ver 2.36/114 says:

    Anon OD’ on stiff psychotropics [9:04];

    President Obama, God bless, left us with a sizzling hot economy

    At least wipe the man’s jizz off your chin before you turn around and talk to us, eh?

  68. STEAMturd, reminiscing about Cankles says:

    The whole crowd size thing is really lame as there are so many factors that would play into this that popularity can’t be measured. Such as, weather, DC is blue territory, Trump has less novelty appeal (not the first of anything except perhaps not owned of the recent 10 or so). Plus it’s really a dick size measure-off anyway. Quite frankly, who cares?

  69. Tywin says:

    Trump won because he focused on the issues people actually care about, and people largely ignored the typical “mainstream” media “scandal” machine which has destroyed and corralled countless politicians.

    Trump stripped power from the establishment, but more importantly, he stripped power from the “mainstream” media. Recall when Trump made his first “escalator” speech, focusing on trade and border security. The “mainstream” media went right into corral mode and had Jeb Bush and others denouncing Trump’s speech. Trump said FU, we’re going to focus on border security, trade, and jobs. And he delivered that message day after day, in speech after speech across the country, all of which are still on YouTube.

    The “mainstream” media, and their (former) power to control politicians, and even the language politicians use (“undocumented worker”) was out of control. Exposing the media as nothing more than agenda-driven hacks will allow more politicians to speak and act more honestly, and in ways more beneficial to the country.

    Also, Trump must be the tamest billionaire on the planet. Most would resemble Caligula if they had no boundaries and limitless financial resources. The guy is a hard-working man who loves his family, and his country.

    So Hillary, Jeb, and all the others, were not in charge of the election outcome, because they did not address the issues people actually cared about (trade, jobs, border security, etc). Trump drove the agenda the entire election cycle. He raised these key issues, and then remained focused on them, while these issues were not even on the radar of the other candidates, from both parties.

  70. The Great Pumpkin says:

    He has 40 years of experience busting up unions. Why? Because he wants to keep as much of the money as he can, and a union gets in the way of that. Just like not every businessman or ceo is bad, not every union is bad. Majority of them did what they are supposed to do and that is act as a tool (check and balance) in the division of profits. Without the union, there is no negotiation of the profit between the worker and owner, almost every single dollar goes back to the owner. Hence, why we have stagnating wages for the middle class over the past 20 years. The top took the profits and ran with it. Hell, we are going to have our first 100 billion dollar man on the books in 2017. That’s insane money, and couldn’t have been done without taking advantage of the lack of unions combined the fact that the labor supply will always favor the owners. There is always going to be more workers than there are jobs, and that’s got damn fact. This makes wage negotiation meaningless, you are told to be happy you have a job. F U. Profits at all time highs, but no money for job creation or decent raises. Messed up beyond belief.

    Tywin says:
    January 23, 2017 at 11:08 am
    Trump has 40+ years of first-hand experience dealing with unions. And you?

    “How can you say that you will make America great again and at the same time be anti-union? It’s contradictory.”

  71. D-FENS says:

    Busting up unions? You got it all wrong. Working WITH Unions. Can you imagine the complexities of building in NYC?

    Anecdote…I helped move a wall street firm’s technology equipment from one location in Manhattan to another this summer. The destination site was an active jobsite when I began the move. The workers there were scrawling “Trump 2016” and “Hillary for Prison 2016” on the beams and walls during construction before they were painted over.

    The Great Pumpkin says:
    January 23, 2017 at 12:22 pm
    He has 40 years of experience busting up unions.

  72. Essex says:

    10:37 from the stuff you post, you sound like you suffer from some weird mental illness.

  73. The Great Pumpkin says:

    12:54 pm

    Don’t sit here and act like trump is for the worker. He had his whole life to create a good image of himself, too bad actions speak louder than words, and based on trump’s actions, not his words, the guy is con artist.

  74. Fast Eddie says:

    1:27,

    That’s funny, I say the same thing about you.

  75. Essex says:

    1:34 oh great comeback gary

  76. Essex says:

    yuck yuck yuck

  77. Fast Eddie says:

    yuck yuck yuck

    Case in point.

  78. Essex says:

    awwww Gary….you are hilarious. you slay me

  79. Essex says:

    Come to think of it maybe you are just stupid …

  80. Fast Eddie says:

    I’ll let the board decide who’s the one with the mental issue.

  81. D-FENS says:

    Don’t drag us into this

  82. STEAMturd, reminiscing about Cankles says:

    I like everyone. Well, accept for that simpleton Anon.

  83. No One says:

    Speaking of steaks, I bought 4 12-oz Wagyu ribeyes online from Greg Norman, the Australian golfer turned rancher. Paid about $130. Very tender. Wet aged rather than dry aged, I found the flavor milder than the typical prime ribeye from Costco (not necessarily a good thing, just an observation). Undoubtedly better than the Trump steaks, and Greg Norman is a better golfer than Trump as well. I will buy again sometime.

  84. Tywin says:

    The “mainstream” media omitted a key fact from this article, can you guess what’s missing?

    https://www.yahoo.com/news/infant-dies-raising-australia-car-rampage-toll-five-000511446.html

    A three-month-old baby has become the fifth victim of a deadly car rampage in Australia’s second-largest city that left four others fighting for their lives and dozens injured.

    A 26-year-old man drove his car into pedestrians at a busy shopping strip in the heart of Melbourne on Friday, hitting numerous people and sending others running for cover.

    The infant died in hospital on Saturday evening, Victoria Police said.

    The four others killed were a 10-year-old girl, two men aged 25 and 33, and a 32-year-old woman.

    Hospitals were treating 37 other people, including four with critical injuries.

  85. STEAMturd, reminiscing about Cankles says:

    I recently bought 4 choice ribeyes from Costco for about $30 about a month ago. They were between 1.25 and 1.5 thick. Were definitely up there in quality with a Homestead Steak. Cooked two outside and two inside. All equally amazing. Costco steaks continue to be of much better quality than the supermarket, though Fairway Prime dry aged is the best of the best, though it’s only affordable on super sale (half price). I’ve seen it for $10 pound on a couple of occasions.

  86. Tywin says:

    What the media omitted from the above article, is the driver was screaming “allah akbar” as he drove into pedestrians, including children, on the sidewalk and streets:

    http://www.dailymail.co.uk/news/article-4139828/The-online-rants-Melbourne-CBD-car-attacker.html#ixzz4WME09gsL

  87. Essex says:

    3:44 all I eat is costco meat…..it is the bomb….

    https://www.instagram.com/p/BPngvQTh_Bl/

  88. Nomad says:

    3D printed block for home foundations and a robot to lay it. Video impressive. Had no idea a robot could do this. How long until a robot can do a poured concrete foundation?

    http://www.builderonline.com/building/mechanicals/brick-laying-robot-is-construction-worker-of-the-future_o

  89. No One says:

    Steamy,
    Yes, Costco steak. salmon and chicken are our most frequent buys. We also frequently buy short ribs from H-Mart, a Korean supermarket in Edison, but I don’t think it’s such a great deal.

  90. The Great Pumpkin says:

    This is funny. Trump supporters throwing jabs at protestors for not accepting the President. Yes, the same President that was the leader of the “birther movement,” a movement based on lies to try and remove President Obama from office. Really can’t make this stuff up.

  91. yome says:

    Ross Perot 1992

  92. The Great Pumpkin says:

    Perot is the man! This is why I supported trump for that 3 month period last year, I thought he was going to be a Perot. Unfortunately, he is no Perot. I learned that with time.

  93. The Great Pumpkin says:

    You listen to the host talk about it at 2:30 of the video?

    I agree with him. The business community knew what the result would be, but didn’t care. They were going to profit even more and could care less about the working citizens of America who’s jobs they were sending overseas.

    That’s why I don’t trust billionaires for a second. They sold us out. They did this to us. Now we have trump putting in a bunch of billionaires in top govt positions.

    Why in the world would a billionaire take on a govt position? Easy, they don’t need to pay to lobby govt to get what they want anymore, they control it all. This is heading into very dangerous territory.

  94. chicagofinance says:

    dedicated to poster “Grab them by the puzzy”
    https://youtu.be/QmIS1y0cUv0?t=2m46s

  95. The Great Pumpkin says:

    Come on, if you have to pay $25 an hour plus benefits, or you can ship that job to some 14 year old Bang!adesh almost nothing, what are you going to do if you don’t give a damn about the American worker?

    Easy, sold us out and then blame unions for why the job is leaving. Yes, the only tool that can be used to negotiate wages is to blame. The owners had nothing to do with it, it was all the unions fault. Can’t make this stuff up. Rather brilliant move by the owners to get what they want.

  96. Ben says:

    https://www.youtube.com/watch?v=zLxAzPgrH6k

    Asian student tells protesters that they are in a library and at the end one tells him to go back to Beijing.

  97. The Great Pumpkin says:

    bill maher- “and for all the racists out there, if you saw the photo with the incoming president and outgoing president with their families, the one with kids from three different mothers was the white one”.

    Lmao….Priceless. How is that not brilliant?

  98. Ben says:

    It’s ironic that all these women just stand around and don’t even care that a man who aligns with them politically assaults a woman who has different views?

    https://www.youtube.com/watch?v=S1eb9vQ1vAk

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  102. D-FENS says:

    Wow it’s free? Did you hear that anon…free! Thank you Bernie Sanders

  103. Tywin says:

    Uh, Trump has been in office 2 days. Also, when Perot was running, he didn’t face the border security crisis we do now, the mass influx from the 3rd world to replace middle-class American workers via H-1B visas, or muslims flying airliners into office buildings.

    “Perot is the man! This is why I supported trump for that 3 month period last year, I thought he was going to be a Perot. Unfortunately, he is no Perot. I learned that with time.”

  104. Fast Eddie says:

    When Trump said the administration “just officially terminated TPP,” it prompted applause from the labor chiefs (and this time it certainly wasn’t by paid members of the studio audience), who later described their meeting with Trump as “incredible.”

    http://www.zerohedge.com/news/2017-01-23/

  105. Tripod says:

    Tywin,

    Not a fan of the man but a lot of breadth (or breath really) on what he will do but no depth at this point. Personally, I hope the H1 cap is reduced. I work in CT and changed groups recently within the bank. Still astonishing to me that there are 10 group members and 6 are Indian. Absolutely nothing personal against them but this is project management work, not technical. Our group head is Indian and I see a bias in hiring and role assignment. He hired me because I have talent but also hired another American white female to give appearance of balance but realistically three of four key program level roles are going to felow Indians. I would not say they are more talented than others either. I know many American born citizens let go recently who would kill for these jobs. Something needs to change for sure.

  106. D-FENS says:

    What about TTIP and TISA?

    Fast Eddie says:
    January 24, 2017 at 11:14 am
    When Trump said the administration “just officially terminated TPP,” it prompted applause from the labor chiefs (and this time it certainly wasn’t by paid members of the studio audience), who later described their meeting with Trump as “incredible.”

  107. D-FENS says:

    Hillary Clinton Ad remix…. Our Children are watching…

    https://www.youtube.com/watch?v=17BpH4NYQW8

  108. The Great Pumpkin says:

    This is how lost Trump is. Those jobs were taken by automation, aka all the profit goes to the owner of capital. He better start begging his billionaire cabinet to start sharing some of the economy with the rest of us if he wants to fulfill his campaign promise.

    I’m pretty convinced that we have to create a new economic system to contend with the new realities of human labor. We are in uncharted territory.

    “From 2000 to 2010, 85% of the 5.6 million jobs lost by U.S. and Canadian workers were due to “productivity growth,” a less scary way of saying human workers had been replaced by robots and machines, according to a recent study by the Center for Business and Economic Research at Ball State University. In just five short years, robots and automated machines will have eliminated 6% of existing U.S. jobs. And with the development of machines like the Hadrian X, construction jobs may be part of that statistic.”

    Nomad says:
    January 23, 2017 at 5:09 pm
    3D printed block for home foundations and a robot to lay it. Video impressive. Had no idea a robot could do this. How long until a robot can do a poured concrete foundation?

    http://www.builderonline.com/building/mechanicals/brick-laying-robot-is-construction-worker-of-the-future_o

  109. The Great Pumpkin says:

    Everyone takes care of their own kind.

    Not trying to bring race into it, but whites have to be the only race that actually took care of other races(not stating they didn’t do harm or take advantage either). Based on historical case studies of other countries, anyone with the power that white Europeans possessed in the past 200 years, would have never helped these other countries improve like western civilization did. Look at America, they provide better opportunities for minorities than the majority. Not many places like that in the history of human civilization.

    Tripod says:
    January 24, 2017 at 11:28 am
    Tywin,

    Not a fan of the man but a lot of breadth (or breath really) on what he will do but no depth at this point. Personally, I hope the H1 cap is reduced. I work in CT and changed groups recently within the bank. Still astonishing to me that there are 10 group members and 6 are Indian. Absolutely nothing personal against them but this is project management work, not technical. Our group head is Indian and I see a bias in hiring and role assignment. He hired me because I have talent but also hired another American white female to give appearance of balance but realistically three of four key program level roles are going to felow Indians. I would not say they are more talented than others either. I know many American born citizens let go recently who would kill for these jobs. Something needs to change for sure.

  110. chicagofinance says:

    Asians and south asians are some of the most ridiculously racist and clannish professionals in the workforce…….and they are completely unrepentant about it……but at least they aren’t Russian…..

    Tripod says:
    January 24, 2017 at 11:28 am
    Tywin,

    Not a fan of the man but a lot of breadth (or breath really) on what he will do but no depth at this point. Personally, I hope the H1 cap is reduced. I work in CT and changed groups recently within the bank. Still astonishing to me that there are 10 group members and 6 are Indian. Absolutely nothing personal against them but this is project management work, not technical. Our group head is Indian and I see a bias in hiring and role assignment. He hired me because I have talent but also hired another American white female to give appearance of balance but realistically three of four key program level roles are going to felow Indians. I would not say they are more talented than others either. I know many American born citizens let go recently who would kill for these jobs. Something needs to change for sure.

  111. D-FENS says:

    Women’s health….(funded by the taxpayer in Elizabeth, NJ)

    https://www.youtube.com/watch?v=ekgiScr364Y

    Though Planned Parenthood claims that women depend on them for prenatal care, Live Action investigators had an incredibly hard time finding facilities that offered it—though they found plenty offering abortions. Live Action contacted all 41 Planned Parenthood affiliates where undercover recording is permitted by state law, and only 5 facilities out of 97 said they provided prenatal care.

  112. Fast Eddie says:

    Fabius,

    We’re going to have so many jobs to choose from, we’ll be batting them back with a stick! Getting great by the day!

    GM, Ford and Fiat Chrysler shares climb after Trump meets with CEOs

    https://finance.yahoo.com/news/gm-ford-and-fiat-chrysler-shares-climb-after-trump-meets-with-ceos-163444191.html

  113. The Great Pumpkin says:

    Fast Eddie,

    I pray to God that you are correct about Trump. It will make a better country for all of us.

  114. Grab them by the puzzy says:

    @chrislhayes

    Republicans literally run the whole government, a near super-majority of states and are still somehow whining about their persecution.
    Sad!

  115. Grab them by the puzzy says:

    The New York Times
    Breaking News Alert
    January 23, 2017

    BREAKING NEWS

    Speaking to lawmakers,
    President Trump again falsely claimed that illegal immigrants had cost him the popular vote

    Monday, January 23, 2017 9:45 PM EST

    President Trump used his first official meeting with congressional leaders on Monday to gripe about his loss of the popular vote,
    falsely telling the lawmakers that he would have won a majority if millions of illegal immigrants had not voted against him.

  116. Grab them by the puzzy says:

    fact
    fakt/
    noun
    plural noun: facts

    a thing that is indisputably

    @nytimes
    Sean Spicer, President Trump’s press secretary:
    “Sometimes we can disagree with the facts.”

  117. Fast Eddie says:

    “If you like your doctor, you can keep your doctor.”

    Fact?

  118. Bystander says:

    Someone has to lose here. It is not possible to keep worker, union leaders and business execs all happy. Perhaps extremely protectionist policies in short term but you will also strangle many small American businesses reliant on foreign buyers. It all sounds peachy now because everyone in @sskiss mode but lobbyists are working hard behind scenes. There will be losers from this and they won’t be happy in a few months. While I agree that TPP provisions were not favorable enough to move forward, we would hate for China to step in with lead supplier role with all these countries. I guess they have TPP alternative in works. Strategically not smart. We shall see..

  119. D-FENS says:

    I don’t think protectionism and fair trade are the same thing.

  120. Essex says:

    1:49 wow. eddie. did not know you enrolled in Obama care?? Whoaaa Here I thought you have some primo corp plan.

  121. Fast Eddie says:

    Essex,

    Don’t have Bomma care or a Bomma phone. I do have primo corp plan for now.

  122. Essex says:

    Eddie your guy’s the lowest rated (gallup) President since Eisenhower? 45%

  123. Steamturd thinking about the remains of Hillary's umbilical stump says:

    I give it two weeks before the Rs realize they were duped by a closet liberal and all of his appointees try to quit due to lack of autonomy.

  124. Fast Eddie says:

    Ok Essex, very good! Thank you for letting me know [eyes rolling].

  125. The Great Pumpkin says:

    They should make a law that forces politicians to do exactly what they campaigned on. ‘Don’t make promises you can’t keep’ should be the name of the law.

  126. The Great Pumpkin says:

    He truly is a third party candidate running under the GOP label. True Republicans would never put this through. Good move.

    https://www.washingtonpost.com/news/post-politics/wp/2016/09/13/donald-trump-joined-by-ivanka-trump-to-outline-child-care-policy/

  127. Juice Box says:

    Keystone XL pipeline approved too by Trump today.

    http://www.reuters.com/article/us-usa-trump-pipeline-idUSKBN15820N

  128. Juice Box says:

    Canadian PM approves, and the Snowflakes in Canada melt.

    “Trudeau welcomes Trump’s Keystone XL decision”

  129. Steamturd thinking about the remains of Hillary's umbilical stump says:

    Keystone was always politically motivated. We have huge natural gas pipelines running everywhere in this country. Though accidents do occasionally happen, it’s relatively safe. Much like driving. Or do we ban cars too?

  130. chicagofinance says:

    pipelines are substantially safer than railcars……also, oil from Canada will either come through the pipeline to the Gulf of Mexico, or else end up going to Vancouver to be given to the Chinese……the oil WILL be transported….and the preference is for it to be here……

    Steamturd thinking about the remains of Hillary’s umbilical stump says:
    January 24, 2017 at 10:25 pm
    Keystone was always politically motivated. We have huge natural gas pipelines running everywhere in this country. Though accidents do occasionally happen, it’s relatively safe. Much like driving. Or do we ban cars too?

Comments are closed.