From CNN:
Congress passes $1.2 trillion bipartisan infrastructure bill, delivering major win for Biden
Congress has passed a $1.2 trillion bipartisan infrastructure bill, delivering on a major pillar of President Joe Biden’s domestic agenda after months of internal deliberations and painstaking divisions among Democrats.
The final vote was 228-206. Thirteen Republicans voted with the majority of Democrats in support of the bill, though six Democrats voted against it.
The bill now heads to the President’s desk to be signed into law, following hours of delays and internal debating among Democrats on Friday, including calls from Biden to persuade skeptical progressive members of the Democratic caucus.
The legislation passed the Senate in August, but was stalled in the House as Democrats tried to negotiate a deal on a separate $1.9 trillion economic package, another key component of Biden’s agenda that many Democrats had tied to the fate of the infrastructure bill.
The legislation will deliver $550 billion of new federal investments in America’s infrastructure over five years, including money for roads, bridges, mass transit, rail, airports, ports and waterways. The package includes a $65 billion investment in improving the nation’s broadband infrastructure, and invests tens of billions of dollars in improving the electric grid and water systems. Another $7.5 billion would go to building a nationwide network of plug-in electric vehicle chargers, according to the bill text.
…
In a sign that a deal is getting closer, House Democrats have also resolved another sticking point: How to deal with state and local tax deductions, according to multiple sources familiar with the matter. Democrats from the Northeast and West Coast have been pushing to loosen the caps imposed by the 2017 tax law.
Under the new SALT deal, deductions would be capped at $80,000 per year over a nine-year time span, according to Rep. Tom Malinowski, who helped cut the deal.
Frist
Salt is in our future ….
Sweet, now we get to experience the trump tax break like everyone else.
And the modernization of America’s infrastructure in the next 5 years is amazing to finally witness. This is how we make america great again. Infrastructure is everything and we will milked our current infrastructure as long as we could…it’s dead.
In the big picture…this takes some risk out of investing as this eliminates a black swan event from infrastructure failing due to not being replaced.
The legislation will deliver $550 billion of new federal investments in America’s infrastructure over five years, including money for roads, bridges, mass transit, rail, airports, ports and waterways.
Where’s the rest of this $1.2 trillion going? These politicians s.uck… all of them. They f.ucking s.uck.
Oh boy.
“Apple hires Tesla’s director of Autopilot software
He will reportedly work on Apple’s self-driving car software, as well.”
https://www.engadget.com/apple-hires-tesla-director-of-autopilot-software-104848566.html
The battle in software is real. That’s what these car companies are really becoming. It’s like the phone…they are doing the same thing to the car now. Not apple specifically, but the technology industry itself.
During Obama’s infrastructure package, a bunch of signs went up but no work was done on a number of places I normally drove through.
BRT: I remember those signs all over the place, especially in PA near the NJ border, probably some still around.
Fast the bill is passed let the corruption begin. Unions can’t wait to gorge on this feast and whatever infrastructure actually gets built will take years. And of course put the debt on the younger generations.
SALT is back another win for the rich another hit to the middle/ lower wage earners. Spend, spend, spend!!
Scutari great pick for Senate President. He cannot even handle parking tickets in a Municipal court. He is currently suing Linden for $10 million because he was a “no show” Prosecutor and got fired by the Mayor. The Judge there decided to be both Judge and Prosecutor when Scutari did not show up for work. That Judge is still sitting on the bench too, so don’t speed in Linden.
https://www.tapinto.net/towns/plainfield/sections/government/articles/about-the-incumbent-senator
Pumps: Zelman mis- projecting? Yeah ok!!!
Juice: Isn’t the truck driver going to be the new Senate Pres.
Dow well over 36K, blowout jobs report, hard -fought $1T infra legislation passed, Biden tax cut will help blue state families, forgotten by Trump..thanks Joe.
3b – not how it works. The party in the majority chooses the leader who controls the legislative calendar, just like congress.
“Big deal getting this infrastructure bill done despite the idiots on “the squad”. Some republicans helped out and America wins. This is big as now the social!sts have little leverage on build americas deficits plan. Finally something gets done by the dems.”
https://twitter.com/gerberkawasaki/status/1456973801032347648?s=21
Eddie: re: “Where’s the rest of this $1.2 trillion going?”
I think you missed the whole idea of “Build Back Better” campaign slogan. Think of the six million dollar man except with a twist. Your surgery the one to make you conform with the new ideologies of gender fluidity means health care now has to cover the the corrective surgery to “Build Back Better” and turn you into the six million dollar woman.
Just think of the perks, people will hold doors open for you and you can make some extra cash turning tricks under the Pulaski skyway.
Juice : Right. I was confusing Sweeney’s seat with his position as Pres.
Bystander: You know that can’t be attributed to Biden, or Trump or any Pres.
Just keep adding to the debt pile.
Juice,
That was funny.
Bystander,
I’ll take the 36K DOW and beyond. As long as everyone is feasting on profits, my investments are enjoying the ride. As for the 500K plus jobs, it’s about time the government shut off the free money, forcing the slobs to get a job. And for that trillion dollar package, see the “not so shovel ready” playbook under the Obammy administration. It’s a pig slop feast at it’s finest as those blue state middle class families have the rug pulled out from under them. The lesser-informed, permissive dollops are so easy to fool.
Gee, and all along I thought that was where the money I paid in cable fees went to. I guess if you truly want a surveillance country you need more broadband. No more pissing behind a tree in the woods.
The package includes a $65 billion investment in improving the nation’s broadband infrastructure,
3b,
I like to call out Rs who swallowed Orange load and genuflected to his lies on economy and unemployment bc when you take away that Rs don’t own better economy, better stock market or any fiscal conservation then there is nothing left but opposition and lack of planning. There is no reason for these nutwings to be in office at all unless they become sane again. Run that idiot in 2024 please. Now, Roger Stone wants to block DeSantis from running against 78 year old Dumpy and threatening his reelection for FL Gov? Not that Stone matters but red hat dolts saying he should take VP. What a sick cult.
Only 1 quarter of that 1T money will ever make it to its real destination. Most of it has already been allocated to the thieves who were planned to receive it.
Pumps, some more to chew on from Zelman and housing. Dennis McGill co-founded the company and he spends a little over an hour with Danielle DiMartino – Booth talking about the demographics and the long term challenges they pose for housing. He speaks slow so use the icon to speed things up to 1.25x.
https://www.youtube.com/watch?v=P8a_Ce6ulHg
Fast: I am profiting handsomely too, but hedging. The longer this madness goes on the worse the fallout will be. We will be fine but the young generations will get screwed again. I took a look at what’s in the bill, and it will be a pig feast, corruption top to bottom. And roads bridges, tunnels, things will be dug up and ripped down and left sitting idle for months, traffic will be a night mare.
Bystander,
Another video – Margaret Hoover from Firing Line interviewed Andrew Sullivan last night. He talks about problems with both parties.
https://www.youtube.com/watch?v=rWrFCht-GWw
3b,
You have to accept that it will never creep to people who need it. The Rs talked big sh$t about tax cut to 22% unleashing flurry of business activity and passing Ryan’s tax cut would create all kinds of extra spending for middle class. Giving 5b tax breaks to FoxConn would unleash great American rebound. It went nowhere but right into Corp pockets, GDP never moved up, stock market moved in same direction (relying of Fed QE) and jobs never came to middle America. Corp farming will get so”ialist bailouts more than infra spending over 10.years yet R dolts never say a thing. Younger gen problem? No one cares.
Bystander,
Wasn’t everything designed to help the youth taken out of this bill?
3b,
Cathie wood is with Zelman. I’m taking the L on this one. I’m wrong.
https://www.youtube.com/watch?v=2-LgSdUd7HU
3b says:
November 6, 2021 at 10:17 am
Pumps: Zelman mis- projecting? Yeah ok!!!
Phoenix,
Yep. We can only print money, hand out trillions to Corp America and never ever dare ask for money back in form of taxes. The system is set-up to ensure corp interest are first. Both parties will play the game until it explodes. No end in sight.
In my little California town in my favorite greasy spoon.
They’re playing Pink Floyd on the audio. Life is gooood.
Bystander,
Yeah, that’s what I thought. And I agree it’s not going to end well, especially for them.
Pumps,
You need to move out to Ca and live next to Ex.
You have a lot in common. Should be fun.
I could use a surf / golf / cycling buddy.
No teacher should ever leave NJ – the comp plans are just that good.
Pumps can come to my Costa Rican compound, if I can’t find a good Nicaraguan to be my live in made for $300 a month. Don’t worry, there will be a pension.
Anyone have a link to how each Member voted on infrastructure. Not easily finding it. TYIA
Pumps seems like a decent wingman.
Left it was a procedural vote. 221 – 213
Squad voted against.
The 13 Republicans who put it over the top were
Don Bacon of Nebraska
Brian Fitzpatrick of Pennsylvania
Andrew Garbarino of New York
Anthony Gonzalez of Ohio
John Katko of New York
Adam Kinzinger of Illinois
Nicole Malliotakis of New York
David McKinley of West Virginia
Tom Reed of New York
Chris Smith of New Jersey
Fred Upton of Michigan
Jeff van Drew of New Jersey
Don Young of Alaska
Bystander: Both parties suck , I have been saying it for years.
Just to point out Grim’s story above is not correct, the bill was not passed, it is not headed to Biden’s desk.
What passed early morning today was H.Res. 774 – Rule providing for consideration of H.R. 5376
Here is better reporting, the hold outs want a CBO score on the spending before a final pass/fail vote. The estimates we have been hearing about 1.75 Trillion are fantasy. It will cost allot more than is being advertised.
https://www.cnbc.com/2021/11/06/biden-build-back-better-bill-passes-procedural-vote-in-house.html
Also to point out it may not be the last procedural vote, before a final pass/fail vote is called for. The Republicans can call for one too if they do not like what they here from now until recess is over, the house and senate won’t be back until Nov 15th to start the show all over again. Expect many to look well rested and to have nice tans.
Amazon close to deal for 400K square feet of office space in Jersey City, report says
https://www.nj.com/hudson/2021/11/amazon-close-to-deal-for-400k-square-feet-of-office-space-in-jersey-city-report-says.html
Thanks for the share. I had similar thoughts as he does. Population growth next decade says real estate going to get hurt. We have never experienced a real estate market with falling population growth. Only the most desirable areas will hold their value. This area might be one of them as it’s so densely populated.
Nomad says:
November 6, 2021 at 11:09 am
Pumps, some more to chew on from Zelman and housing. Dennis McGill co-founded the company and he spends a little over an hour with Danielle DiMartino – Booth talking about the demographics and the long term challenges they pose for housing. He speaks slow so use the icon to speed things up to 1.25x.
https://www.youtube.com/watch?v=P8a_Ce6ulHg
Don’t forget about cruising the hills in our 3’s. Lol.
Ex says:
November 6, 2021 at 1:20 pm
I could use a surf / golf / cycling buddy.
Yea, I’ve decided I’m prob a lifer. Who knows though, you never know what will happen.
Ex says:
November 6, 2021 at 1:21 pm
No teacher should ever leave NJ – the comp plans are just that good.
I wash floors once a week…just sayin. Lol
Libturd says:
November 6, 2021 at 1:30 pm
Pumps can come to my Costa Rican compound, if I can’t find a good Nicaraguan to be my live in made for $300 a month. Don’t worry, there will be a pension.
You’re my boy blue!
Ex says:
November 6, 2021 at 2:49 pm
Pumps seems like a decent wingman.
He could be my wingman. Pumps, how’s your thai bbq sauce recipe coming along?
Wingman stories?
The year I met my wife I was renting a house in Sea Girt with a bunch of party animals, men and women.. My roommate ended up being a six foot three inch tall, blond haired, blued eyed ripped Adonis, an ex-professional baseball player who was now in Finance. Boy did that guy really needed a wingman like me.
He was horrible at meeting women. He wore too much cologne, had no ground game via dancing and could barely summon the courage to strike up a conversation with any women whether they were his “type” or not.
Turns out he was so used to women tossing themselves at him he was literally lost in the sea of smarter eligible women at the Jersey Shore and even threatened one weekend to never come back, as some of the women we rented the house with were giving him a hard time. This was after like two weekends too lol…
Great guy but was spoiled however. I went to work on him anyway and by the time the summer was over he was as smooth as me, dancing, chatting, dressing right etc. He never really did capitalize on the talents he learned from me however. Turns out he was one of those guys who could not stand to be alone, by August he met someone and was done with the Jersey Shore as they say c’est la vie.
Juice,
You lived a good life. NYC, Hoboken, and Jersey shore. 🤘🏻
glowing pics [url=https://xphoto.name/]https://xphoto.name/[/url]
4:16 I had completely resigned myself to lifer status too. I figured they carry me out of there feet first. Our move west 4 years ago was unplanned and pretty spontaneous.
Sometimes crazy shit happens!!
My best wingman was actually a woman!
She and I went out a lot just as friends “mostly”.
WingGirl actually introduced my wife to me. Hat tip!
4:14 that’s a “thing” out here. Tons of ‘like minded’ car guys running the canyons in some incredibly exotic cars. My little 3 is fairly quaint by comparison. Though it’s running really well these days.
These kids are investing hard. Either going to end badly or they will be enjoying life for a long time.
“If boomers don’t realize the shift happening they’ll be left in the dust and wondering how 20+yr old kids have a higher net worth. These kids are NEVER, ever going to take a 9-5 job. All of @naval premonitions are going to come true.”
https://twitter.com/801010athlete/status/1456991337258102788?s=21
Jersey shore is a place where dreams come true. My best friends brother has been playing in cover bands there for nearly 30 years now. He met both of his wives on gigs. First one, he had a kid with, got quickly divorced and custody. Slammed with alimony. A year later, he’s married to a woman who was part of the biggest lottery win ever. Again, met her at a gig. Now he divorced her, and can afford all the alimony payments he wants to for the rest of his life without thinking about it. He’s got the kid, the millions, and not a care in the world. He just gets to shred guitar the rest of his life.
“WingGirls” are the best, esp if they are hot. When other women see something they know is smoking hanging with a male; that male is given a free pass to whomever he likes that night. Human psychology is no joke, powerful stuff.
Ex says:
November 6, 2021 at 8:52 pm
My best wingman was actually a woman!
She and I went out a lot just as friends “mostly”.
WingGirl actually introduced my wife to me. Hat tip!
Brt,
That’s how you do it…
https://youtu.be/wTP2RUD_cL0
You guys vote?
https://twitter.com/elonmusk/status/1457064697782489088?s=10
9:59 “epic” – what a ride.
I’m glad Smith (R-NJ) and Van Drew (R-NJ) both voted for the infrastructure bill.
About time NJ gets something, stick it to the other R states that routinely f*ck us over.
Spend baby, spend.
A billion dollars spent well, the Bergen Shit Barge sails again.
https://www.nj.com/news/2021/11/barges-of-poop-to-resume-traveling-under-the-portal-bridge.html
About time NJ gets something.
Once the connected NJ criminals get hold of fistfuls of dollars, NJ will get something all right.
It’s called squat.
https://nypost.com/2021/11/07/camilla-parker-bowles-keeps-talking-about-biden-fart-at-cop26/
Grim: The state will be torn up, massive delays, cost overruns, worthless projects, shoddy construction for whatever is being built, and corrupt unions and politicians stuffing their pockets. Yeah , we are going to get it.
And plenty of blue and red lights sitting for thousands of hours making overtime watching some men lay pipe.
Lots of overtime and consultant work for all.
It’s fun playing with other people’s money.
Better here than in Alabama.
Put it in a pile and burn it.
Still better than another dollar going to the Southeast.
Grim : Alabama might actually do something positive with all the money.
What do this have to do with jj?
Phoenix says:
November 7, 2021 at 10:10 am
And plenty of blue and red lights sitting for thousands of hours making overtime watching some men lay pipe.
Our rising state GDP says it’s better off in NJ as opposed to Alabama from a national position. That money will do more for the nation as a whole spent in nj as opposed to the southeast where it is mostly wasted in the middle of nowhere.
Think of how many people benefit from each construction project in nj, now divide that by the overall cost of the project. You will see, the money is a better value in nj as it helps way more people helping to grow the overall economy.
3b says:
November 7, 2021 at 3:04 pm
Grim : Alabama might actually do something positive with all the money.
Yea, that road might be cheaper in the south in cost, but how many people does it impact. From a National position, it’s a waste of money as it is lower in cost but serves way less people per dollar spent.
It’s common sense to divert most money into making your most densely populated areas, that are also your most economically successful, as efficient as possible. Why they don’t invest federal dollars in the NYC metro makes me sick. Instead some dumb money goes to servicing some backwoods in the south east.
King Murphy on Meet the Press this morning. Chuck Todd doesn’t ask the question square “did you almost lose because you let the schools be shut down for as long as they were?”
This tells you how important teachers and schools are, but perspective is a b!tch, they will use your perspective to bash education.
Crushednjmillenial says:
November 7, 2021 at 5:48 pm
King Murphy on Meet the Press this morning. Chuck Todd doesn’t ask the question square “did you almost lose because you let the schools be shut down for as long as they were?”
Teachers are obviously doing a great job if students fall this behind in one year under parental assistance instruction.
Juice,
Nice play.
“On the other hand ford sells at 8 times earnings. Up 150% over the last year. And seems to be on the somewhat right track. Ford is damn cheap even if they suck. $F”
https://twitter.com/gerberkawasaki/status/1457382642622496772?s=21
The spillover is real. Grim, who would have thought…
https://www.zillow.com/homedetails/37-Bowdoin-St-Clifton-NJ-07013/39725036_zpid/?utm_campaign=iosappmessage&utm_medium=referral&utm_source=txtshare
No different in 3b looking back in his original neighborhood’s current price.
Nomad’s shares yesterday call to question what happens in an environment of falling population growth? Sell if not for the sake of diversification or passive income.
This cycle is the last upswing on the national level unless changes in future population growth.
Blue wave could flood the country with immigrants, pushing future population growth, aka economic growth, aka real estate demand/growth towards future growth.
We should allow illegal immigration only through shipping containers. This would totally solve our supply chain issues.