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October 09, 2013

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Sbwaters

Email my money guy?

That presumes I have money for a "guy."

NK(tryin'2.0)

Ignatz-- FWIW our friend in ChiTown says he for one is not shorting, but he is staying very friendly with cash. Wise man he.

GMax

uniformed opinion

desert Camo
police blue

or is it more of a costume?

jimmyk on iPad

More from Iowahawk on those journos meeting with Barry:

David Burge @Iowahawk
Proper responses when a politician summons you for a private off-record meeting:
1. "Why?"
2. "Bite me."
#DavesCutRateJSchool

pagaragain

When digging into that link Extraneus put up @12:23 one find that more horror has been hidden in the Obamacare fiasco.

http://www.foxnews.com/politics/2013/10/09/obamacare-to-shift-costs-prisoner-health-coverage-from-states-to-feds/

Once that happens the states are never going to let Obamacare be closed down. They can pass more costs to others
The leftists have salted the entire Obamacare mess with ways to past the cost of every aspect of medical care on to some one else.

Remember Obamacare was written by a LEFTIST fraudster in Jail.

http://www.americanthinker.com/2010/10/why_doesnt_everyone_know_jan_s.html

May God bless every politician who is working to stop Obamacare NOW.

daddy

Good Morning!

I feel like the Govt Shutdown is (ho hum, yawn) the new normal.

Prior to this Govt Shutdown it was conventional wisdom that a Govt Shutdown was something that was horrible and definitely to be avoided because it would clobber whatever party allowed it to happen, particularly Republicans.

My opinion now, after we've seen what a non-event a Govt Shutdown is, is that that meme has been busted wide open and in future a Govt Shutdown will not be something to be dreaded or avoided, and it'll be seen often, as least by fly over country, as an often welcome occurrence that ought to occur every now and then in order to experience how unnecessary so much of our Government is.

Anybody else think the Conventional Wisdom on Government Shutdowns is dead?

AliceH

Thanks for replies, jimmyk and Ignatz.

I'm not trying to time anything. Just trying to get a good ballpark, back-of-the-envelope calculation on whether I can absorb the inevitable hit without having to actually go back to work.

henry

NK, that's what I'm doing. Meanwhile the question is how much shorting is Soros doing (he's made a killing off of other currencies when forcing these disasters).

AliceH

Also thanks Rob, NK! Clear as mud now!

Trevor Saccucci

True, but does anyone outside of the small minority who ignore the DeMSM know about these outrages?

I think so, jimmyk, and for a number of reasons. Think of every person who had to put up with (or put asunder) a barricade at a pull-off on the GW Parkway during the rainstorms in DC or in front of an open-air national park or monument, or who got evicted from a home on land leased from the federal government. Think of the picture-takers I just mentioned; think of the concessionaires on federal lands who've lost money because their customers have been kept from them by threat of arrest. There are plenty of these people, and they're pretty widespread across the country; I think word of mouth will get the message out effectively in spite of a mute or biased MSM.

jimmyk

Hey, Henry, does this woman who announced she's running against Walker have any chance? I'm hoping Walker gets 60%+.

NK(tryin'2.0)

Per Daddy's point-- the 'Shutdown' hysteria is a loser for Obummer, and the Debt Ceiling hysteria may follow suit-- here's ZeroHedge's take on the unremarkable 10y T-Bond auction. Business as usual-- maybe the primary delers are just giddy that JanetY will throw the QE spigots wide open. The Wall Streeters and the parasite grifters like Maxine Waters both love the DEBT, the rest of us who work for a living, take it up....

http://www.zerohedge.com/news/2013-10-09/despite-ongoing-bill-fireworks-treasury-sells-21-billion-debt-quiet-10-year-reopenin

lyle

If the interest rate on the 10TSY were to rise to the 30 year average, debt service alone would account for about 70% of tax receipts.

But I'm not worried, Yellin is most concerned about "social justice" and "income equality," y'know, what all the cool economists are into these days.

NK(tryin'2.0)

Lyle@1:38-- spot on. In the 'short term' Janet will pump until we all drop... when do we drop? In the 'medium term' when the Fed completely loses control of interest rates, and the $20T debt generates $900B/ year in interest costs and there is a REAL DEFAULT by the USA. Good times good times.

henry

jimmyk, not much chance. She is a trust fund heiress of the Trek Bicycle family who "ran" European operations (ie easily tied to dopers-r-us groups like the Tour de France, Lance Armstrong, etc). The Dems will clear the field for her because they expect her to self fund $10-14 million. She'll get no national help, WI Dems burned that channel in the recall. She'll get no union help, they have no money (heh) and have to try to hold onto house seats and state legislative offices post redistricting. The only thing they have against Walker is a lack of job growth, but right now WI is picking up steam and #1 in the near term economic forecast. Meanwhile, taxes get lower. Walker should have another big win, but 60% implies a lot of takers stay home.

Trevor Saccucci

Plenty of them, actually. They're not easy to find (and I haven't looked for them), but an extensive bibliography of them, with brief (thank God) excerpts, can be found in Nightmare of Ectasy: The Life and Art of Edward D. Wood, Jr. by Rudolph Grey (which I did look for, and bought about twenty years ago). The book is actually fascinating reading.

Extraneus

I'm not trying to time anything. Just trying to get a good ballpark, back-of-the-envelope calculation on whether I can absorb the inevitable hit without having to actually go back to work.

The charts imply that if you were in good shape a year ago (and have been in stocks since), you should be able to absorb a 20% hit without batting an eye.


GMax

60% implies a lot of takers stay home.

Or to put it another way, a lot of takers stay off the Chicago to Racine shuttle.

Beasts of England

Happy birthday TK!

NK(tryin'2.0)

"The charts imply that if you were in good shape a year ago (and have been in stocks since), you should be able to absorb a 20% hit without batting an eye."

Hey hey-- take it easy with that stuff.

Clarice

From the anchoress, a little respite from this horrible political show--the sound of crickets slowed down sounds lke a celestial choir..really it does https://soundcloud.com/acornavi/robert-wilson-crickets-audio

Give yourself a spiritual moment.

matt

Gasoline is double what it was in 2008. Grain prices are at all time highs. The price of a gallon of milk has risen substantially. metals prices are still at all time highs. CODELCO has just raised next year's copper prices by 15% again. And the stock market is at an artificial high.

The markets are recognizing the inflation inherent in our policy already.

In China wages are rising rapidly. The age of cheep stuff is ending. The age of less expensive, poor quality stuff will replace it, but we will be paying more.

A very high percentage of our national debt is short term and needs refinancing. Lew is already on the hook for several hundred billion this week, I believe.

QE has always been highly problematic and now like a junkie, we need ever more of it to quell the economic demons. So the choice is to end QE or continue until the world no longer wants to buy our debt.

Obama is playing Russian Roulette with a semi-automatic pistol, in other words. Any way we look at it the results will be very unpleasant and Obama is fixing to blame the Republicans. With his sycophantic media he may get away with it.

lyle

BTW, I'm partial to "Yellin" as opposed to the correct spelling.

AliceH

Thanks, extraneus! that's almost exactly what my back-of-the-envelope says (without the pictures). I am feeling pretty darn smart right now. :)

GMax

Moody's Investor Services just flat out called Zero a bald faced liar. They say government wont default if debt ceiling is not raised, and the situation is much less serious than the confrontation in 2011.

Prepare for the IRS audit and the Holder lawsuit, you can not defy the tyrant...

Sue

Happy birthday TK.

Joan

The media is responsible for what is happening in our country right now. They know no truth. They ask no questions. They are fools.

daddy

One great thing about the Govt Shutdown is that it's allowed all those furloughed Federal workers the opportunity to stay home and sign up on line for ObamaCare.

NK(tryin'2.0)

GMax -- can you send link to Moody's. Thx

Frau Edith Steingehirn

NK - when next you communicate (by semaphore?) with our friend in Chitown, give him my love.

daddy

I wish that the next time Obama called the House Repubs for a meeting at the White House, Boehner responded that he would be in favor of holding the meeting out of doors at the WW2 Memorial.

lyle

it's allowed all those furloughed Federal workers the opportunity to stay home and sign up to stand in line on line for ObamaCare.

Slight edit to reflect the new DMVish slant the process has taken.

NK(tryin'2.0)

I think I am on solid ground saying that our friend in ChiTown loves you all and misses commenting.

NK(tryin'2.0)

Daddy-- great suggestion. They can dine al fresco, right in front of the BarrryCades.

GMax

Ask and ye shall receive:

Lying liar lying his @ss off, here:

http://www.washingtonpost.com/blogs/post-politics-live/liveblog/live-updates-the-shutdown-4/?hpid=z2#c1e3ada3-dc00-41d8-92cb-327c5c814d82

Porchlight

We miss our friend in ChiTown, too.

Happy birthday, TK!

Jane

Happy birthday, TK.

"I think the individual mandate is doing a pretty good job of delaying itself without any help from the GOP."

I actually like the way this is going. I think Obama is so going to regret not delaying it.

Jimmy re: your curling metaphor.

Good sweeping can move a stone 6 feet further down the ice, or straighten out a curl about a foot.

Just so you know.

Beasts of England

An article at The Nation entitled 'Rascism & Cruelty Behind Republican Agenda'. I think I now know where DD gets his material...

jimmyk

Surprised Moody's is being so sensible--they must have sneaked that memo past Mark Zandi while he was absorbed in the latest Krugman column.

jimmyk

Good sweeping can move a stone 6 feet further down the ice, or straighten out a curl about a foot.

Wow, Jane, are you part Canadian? I'm impressed. I figured my curling ignorance would not go unnoticed. But perhaps a better metaphor would include the guy with the broom being blindfolded.

daddy

Megyn Kelly's replacement, Gretchen Carlson, has on Bill O'Reilly as guest. Guess he doesn't get enough time on air to push his latest book.

I have to say that Gretchen looks a lot better now than she did on the Fox and Friends morning show. On that show she often looked like a female cargo pilot pulling a night turn through the Oakland Hub; dried out skin, hair like plastic straw, relentless uninspired banter, etc.

Now she looks much fresher and a tad younger; better skin, decent hair, uninspired relentless banter, etc.

MarkO

I love an expert with vast experience:

"she often looked like a female cargo pilot pulling a night turn through the Oakland Hub; dried out skin, hair like plastic straw, relentless uninspired banter, etc."

Jane

"Wow, Jane, are you part Canadian? I'm impressed."

No Canadian in me, but I curled for a lot of years, including playing down for the Nationals and playing on a team from Minnesota for a few years. I truly love the sport - but don't live anywhere near curling ice these days.

rse

Beasts-

It's the theme du jour as the excuse for all out Marxist Humanism. "Our Nation's Schools Remain Contaminated With Inequity" came out today too. http://blogs.edweek.org/edweek/op_education/2013/10/our_nations_schools_remain_con.html

Captain Hate on the iPhone

Notice that nobody in the Pentagon has resigned in outrage over Preznit Pissy Pants and dumbass Hagel spitefully stiffing the families of the dead troops. How far down do you have to drill before you get to anybody who care about the soldiers?

AliceH

Would a Gravity Tractor be the metaphor you're looking for, jimmyk? It has the advantage of being something intended to mitigate the end of life as we know it. Also, it hasn't been invented yet.

henry

Drudge has the IRS scandal tied to the Spite House. The article says Issa has emails from Sarah Hall Ingram and Lerner to health care policy officials which include confidential taxpayer info.

NK(tryin'2.0)

Phil Klein describes.. well.. me: http://washingtonexaminer.com/conservative-tea-party-pragmatists-of-the-world-unite/article/2536989

Sbwaters

don't live anywhere near curling ice these days.

We have sheets in the next city east of us, Jane, for recreational curlers. We watch it occasionally, but have never tried it.

daddy

I think I am on solid ground saying that our friend in ChiTown loves you all and misses commenting.

I'm with you NK. Here we are jabbering about Jazz/Rock drummers and our Jazz aficionado gal-pal in Chicago unable to say a single word. What a bummer.

Oh carp. Ad on TV sez Hannity tonight to interview Anthony Weiner. Can we please, please, please quit aiding this creep in trying to resurrect himself in some visible public capacity. There is nothing we can do that is more distressing to Anthony Weiner, nor more deserved by Anthony Weiner, than to ignore him.

jimmyk

That's good, AliceH, I may have to steal that.

Captain Hate on the iPhone

Issa can hold all the hearings he wants; these outrages don't stop until Lerner and her ilk start enduring significant jail time and financial penalties which impoverish them. Boehner has to bang for a special prosecutor as if a quart of Kesslers and a carton of Old Golds depend on it happening.

jimmyk

emails from Sarah Hall Ingram and Lerner to health care policy officials which include confidential taxpayer info.

There was also this from Hot Air, though it didn't mention where the e-mails were going:

http://hotair.com/archives/2013/10/08/issa-lerner-others-at-irs-used-personal-e-mail-to-transmit-confidential-taxpayer-data/

Beasts of England

@rse - Contaminated with inequity? That's even better than racism! DD needs to step up his game! Inequity is pernicious... lol

Miss Marple

Wolf Blitzer apparently just said that Obama should have taken the 1-year delay, since the web site has proven to be such a disaster.

Man! That 37% poll number is like magic!

daddy

Anybody notice that the only thing "the most transparent Administration in history" is transparent about, is telling the whole world every move Seal Team 6 makes.

Frau Edith Steingehirn

Gravity tractor and manure spreader?

NK(tryin'2.0)

GMax/JimmyK-- I didn't see the Moody's stuff in GMax's link, but I found the Hess note to investors. Thin gruel, nothing significant IMO.

Henry-- pretty thin gruel there too. I do note Issa has focused in on Lerner and Ingram as the HatchetHags used to jerk around the Tea Party applications. But how does he prove who gave them the orders (Jarrett, Axelrod, Obummer himself?)to do so? I'm not optimistic even immunity to the digusting Lerner will get the truth out.

Miss Marple

The guy in charge of Seal Team 6 needs to relocate all the families and send the Seals somewhere friendly for training, like Israel.

NK(tryin'2.0)

Special prosecutor for Lerner?... as if.. Alas.

Ignatz

The world would be a much sadder place without CH's cynicism. :)

GMax

In a memo being circulated on Capitol Hill Wednesday, Moody’s Investors Service offers “answers to frequently asked questions” about the government shutdown, now in its second week, and the federal debt limit. President Obama has said that, unless Congress acts to raise the $16.7 trillion limit by next Thursday, the nation will be at risk of default.

Not so, Moody’s says in the memo dated Oct. 7.

” We believe the government would continue to pay interest and principal on its debt even in the event that the debt limit is not raised, leaving its creditworthiness intact,” the memo says. “The debt limit restricts government expenditures to the amount of its incoming revenues; it does not prohibit the government from servicing its debt. There is no direct connection between the debt limit (actually the exhaustion of the Treasury’s extraordinary measures to raise funds) and a default.

The memo offers a starkly different view of the consequences of congressional inaction on the debt limit than is held by the White House, many policymakers and other financial analysts. During a press conference at the White House Tuesday, Obama said missing the Oct. 17 deadline would invite “economic chaos.”

The Moody’s memo goes on to argue that the situation is actually much less serious than in 2011, when the nation last faced a pitched battle over the debt limit.

“The budget deficit was considerably larger in 2011 than it is currently, so the magnitude of the necessary spending cuts needed after 17 October is lower now than it was then,” the memo says.

Treasury Department officials did not immediately respond to requests for comment.

daddy

And here's to hoping that rumors of Prince Harry getting married are false.

Don't do it Harry. Generations of Yanks have been living vicariously thru' you for years now. And if the milk is free why pay for the cow?

Dammitall:(

Somebody get that Prince a ticket to Vegas quick.

On the other hand, I'm thinking it might be the best bachelor party since Caligula!

To the Library.

Jeff Dobbs

jimmy:
But perhaps a better metaphor would include the guy with the broom being blindfolded.

And they were given a toothbrush instead of a broom?

AliceH

daddy - I just tweeted your 2:33

bgates

If, as Obama said yesterday, that raising the debt ceiling doesn't contribute "one dime to the national debt", then why raise it?

Raising the debt ceiling doesn't raise the debt in the same sense that laying down on the railroad tracks doesn't get you hit by a train - it doesn't, but it's an awfully good first step, and it's hard to think of another reason why you'd do such a thing.

bgates

It depends how you define default. Historically, default is when a country misses a payment to a creditor. The Obama administration says default would include any missed payment

Whether the Republicans are contemplating a repeat of the San Francisco Earthquake of 1906 also depends on whether you define the term "San Francisco Earthquake of 1906" to include any missed payment by the federal government or stick to the historical usage of the phrase to refer only to the San Francisco Earthquake of 1906.

jimmyk

And they were given a toothbrush instead of a broom?

I'll have to defer to our local curling expert Jane.

Daddy, the plus side of the Harry rumors is that it might get people to familiarize themselves with the Trojan War. Unless they think Cressida was just named after the Toyota.

Frau Portemonnaie u. Geldbörse

bgates - isn't it the *spending* that will follow?

Porchlight

Obama job approval - in the same period, AP has him at 37, Gallup at 44 and Rasmussen at 50.

Somebody's wrong.

Some Guy

Brilliant idea noted at Insty:

The @gop should run ads that are just Obama's debt ceiling comments from 06, not say they're from 06, and confuse the hell out of everyone.

Throw Harry Reid in there too.

NK(tryin'2.0)

Gallup is the best measure of 'adult' sentiment.

Porchlight

The @gop should run ads that are just Obama's debt ceiling comments from 06, not say they're from 06, and confuse the hell out of everyone.

I've been thinking about doing that on Facebook, but I get hammered in the comments every time I do a political post since 90% of my FB friends are libs. I'm a wuss.

Ignatz

Forty four years ago today, the Illinois National Guard was called out to control the New Left maggot protestors supporting the Chicago Seven.

Now, the Chicago Seven and their political and ideological heirs, are in virtually complete control of the Dem Party and are trying to make it the whole country.

The idea these pseudo Marxist larvae will be defeated through the legitimate political process or with clean hands is as unrealistic as thinking Allende would go quietly.
At some point, now that they they have gained enough institutional strength to threaten our form of government, (and that's exactly what's at stake) they will have to be removed at some point, root and branch, by similar methods.

The progs who long for the tactics used to end the Soviet's final grasp at power have it half right.

Ignatz

--I've been thinking about doing that on Facebook, but I get hammered in the comments every time I do a political post ....--

How can they hammer you if you're merely quoting their messiah?

Perhaps redact just enough words to make it look like Ted Cruz or Mike Lee today and then spring it on them when they start foaming at the mouth.

Threadkiller

Ok, I need help with this.

Jennifer Griffin was on Ziggy Shempdusts Command Center. She explained that there were far more that the four mentioned families that were affected by the DoD Funeral Parlor Games.

She said that since Oct 1st twenty members of the military were killed "stateside" and their families have been denied benefits.

What is she talking about?

Jane-Rebel Alliance1

SBW,

What state are you in? For some reason I thought you were in the Carolina's.

You should try curling. It's great exercise, great camaraderie, and the tradition is, after every game you have drinks with your opponents.

I'm not sure I've ever met a curler I didn't like. Oh and it's not hard to play as a beginner. It's very high on strategy, but you don't get there for a few years.

NK(tryin'2.0)

Training fatalities?

DrJ

sbw is in upstate New York.

Frau Portemonnaie u. Geldbörse

From the AP poll, I saw that close to 80% had no direct experience with anything being closed by the feds or worked for the govt. so why would they be aware enough to be concerned with what the Spite House is really doing? It's not fully reported in the paper or on the regular evening news. What is heard are the hourly reports on how Pres. Flexible is castigating the GOP/Tea Party for destroying the country. That's a constant drum beat and it sticks.

At the same time, Ted Cruz is getting the full Gingrich-Palin demonizing. Will it be fatal?

Sbwaters

I get hammered in the comments every time I do a political post since 90% of my FB friends are libs.

Porch, I generally am circumspect when my relatives venture what would be NYTimes reinforced opinions (they don't consider themselves LIVs).

But when they do put forth a real clanger that ought to be staked through the heart with the bald facts. I find that my response is met with nil. Hollow emptiness. No response.

Then, days or weeks later an email conversation will pick up again with a subject change and no indication that anyone had been sliced, diced, and hung out to dry.

Did I make a dent? I don't think so.

So, silence or hammered in comments? Who cares! Sometimes political posts are necessary.

DebinNC

Love CH, but wish he came with a glossary. I take it terps are a sports team, but Pop 'n Fresh, Mittens, and such keep me from receiving the full CH goodness.

Sbwaters

For some reason I thought you were in the Carolina's.

DrJ has it right. Central NYS, an hour east of Syracuse. I don't flaunt that I'm in NY to save myself from political embarrassment, but since you are from MA, why not commiserate. My sister is right down the road from you in Worcester, and used to live next door in Wales.

And, yes, the curlers I know are enjoyable folk.

Sbwaters

We are in Rome, NY. The Utica Curling Club is 15 miles away in the next city east.

Another Bob

DebinNC | October 09, 2013 at 03:57 PM:

I rather enjoy the Cap'n's shorthand, and I do think a JOM glossary is floating around.

Mittens: Mitt Romney.

Pop 'n Fresh: Ed Morrisey at HotAir.

GMax

Terps = Univ of Maryland Terapins

the fighting turtles!

pagaragain

Anyone know this guy?

"CRANSTON, R.I. -
Terence McAuliffe, the former chairman of the national Democratic Party, was one of hundreds of people who invested in variable annuities that used terminally ill patients as the annuitants."

http://www.turnto10.com/story/23644340/insurance-companies-file-suit-against-caramadre

DebinNC

Thanks, AB. What's the CH name for Rove, who I'd guessed was P'nF?

Porchlight

True, I should just do it.

I find that it gets pretty heated though and the biggest jerks are, unsurprisingly, the ones I don't really know - they're friends of friends or people I "met" online.

Jeff Dobbs

You're in luck, Deb...JOM Glossary Wiki

It's needs a lot of work, but as you suggest shorthand items in need of definition - they can be added there....

Jeff Dobbs

Credit Where Due: DaveinMA set up the JOM Glossary.

Sbwaters

In addition to P'nF, isn't Rove a partner in Duke and Duke?

DebinNC

Yay! Thanks, hit and Dave.

Re military deaths, the iCasualites site shows 10 Americans died in OEF/Afghan in Sept and 5 in Oct.

narcisoM

Happy birthday, TK, that was a remarkabley disingenguous poiece on my one of Carlos Slim's
smiling chimps, although Abby Goodnough comes close.
with her Hans Christian andersens on the exchange

Not likely

OK, and what happens as a result of using all incoming revenue to pay off bondholders? Why is the actual result of this "not so bad" outcome never explored?

GMax

Today, Washington, D.C., mayor Vince Gray and D.C. House delegate Eleanor Holmes Norton crashed a news conference being held by Senate majority leader Harry Reid on the Capitol steps.

Reid didn’t appreciate the company. As Gray leaned into Reid and demanded federal money start flowing so the District can pay its bills, Reid responded, “I’m on your side. Don’t screw this up.”

Reid was probably nervous because at the mayor’s earlier news conference, Gray had stood next to Republican congressman Darrell Issa as he criticized the Democratic-led Senate for holding up the District spending bill, which has already passed the House.

“Every worker and every citizen of the District of Columbia needs to be counted as essential,” Issa said.

The last thing Harry Reid wants are prominent African-American Democrats demanding he follow the precedent the Senate set last week by funding a stand-alone bill for Pentagon spending by picking another part of the government they want to fund separately.

DebinNC

the fighting turtles

Love it. Wanting to keep active, my newly retired dh ushered for the local AAA mlb team whose opponents included the Savannah Sand Gnats and the Asheville Tourists. Great fun.

AliceH

Speaking of needing glossaries, DebinNC, what is "dh"? I've come up with several possibilities, but have tentatively settled on "dear heart", because it sounds sweet.

DebinNC

dh - dear husband
dd - dear daughter
ds - dear son

Another Bob

Did I get Poppin' Fresh wrong?

Could have swore I saw it in the context of a HotAir link, and it matched Morrisey pretty well...

Oh, well. To the Wiki...

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