July 23, 2015

Every Problem Has a Solution

Lets say my employee requested fewer hours after a big raise so they can still qualify for subsidies.

Evidence is surfacing that some workers are asking their bosses for fewer hours as their wages rise – in a bid to keep overall income down so they don’t lose public subsidies for things like food, child care and rent.
Sure not problem, I just reduced your hours to 0.

Hit the road Jack.

By Howie at 11:02 AM | Comments |

January 30, 2014

The Bloom Is Off The Rose

If you're on social media you may have seen this already. If not, presented without comment.

Thanks to Rebelpundit.

By Vinnie at 06:24 PM | Comments |

October 16, 2013

Homer Simpson Reacts to Debt Ceiling Deal

By Rusty Shackleford, Ph.D. at 01:48 PM | Comments |

November 08, 2012

Brave New World Day II

Hi, I'm Bronco Bamma your friendly neighborhood President. I told you I'd turn things around. Nothing is working.


There, do you feel better now?

I won.

By Howie at 05:00 PM | Comments |

September 19, 2012

More People Vote than Work

And now we see the wisdom in a property requirement for voting:

In November 2008, the Americans who turned out to vote in the presidential election outnumbered the Americans who turned out to work full-time by more than 14 million.

According to the Bureau of Labor Statistics, approximately 118,423,000 Americans worked full-time in November 2008. According to the University of California at Santa Barbara's American Presidency Project, 132,645,504 people turned out to vote in that month's presidential election.

The presidential election voters outnumbered the full-time workers by 14,222,504.

Now, I get it that a lot of those 14 million are retirees. And a lot of others are full-time stay at home moms. I get that.

My wife left the work force for about 15 years to stay at home with our children and just opened her own business a couple of months ago.

Not every one who votes but doesn't work should be working.

But you know what? Some of those who vote but don't work should be working. They are on some sort of government assistance. Some are on welfare, others on disability when they shouldn't be, on unemployed because they think they are too good to take a job that's "beneath them", etc.

And since there are less people working today than in 2008, that means we are on track for even more non-workers involved in this election than last time.

One can only hope a good number of them will blame Obama for their inability to get a job rather than look to him for help and salvation from the mean capitalists who are only out for profit.

By Rusty Shackleford, Ph.D. at 10:01 AM | Comments |

August 16, 2012

Wait ... The Feds Haven't Talked to Jon Corzine Yet?

Ummm, I couldn't help but notice this little doozy of an admission while I was scanning Hot Air this AM:

A criminal investigation into the collapse of the brokerage firm MF Global and the disappearance of about $1 billion in customer money is now heading into its final stage without charges expected against any top executives.

After 10 months of stitching together evidence on the firm’s demise, criminal investigators are concluding that chaos and porous risk controls at the firm, rather than fraud, allowed the money to disappear, according to people involved in the case....

In the most telling indication yet that the MF Global investigation is winding down, federal authorities are seeking to interview the former chief of the firm, Jon S. Corzine, next month, according to the people involved in the case. Authorities hope that Mr. Corzine, who is expected to accept the invitation, will shed light on the actions of other employees at MF Global.




Mel Brooks said, "It's good to be the King." Maybe, but it's also good to know the King.


I'm in a bad mood. It's probably all the faculty meetings. Or Bush. Let's blame him.

By Rusty Shackleford, Ph.D. at 11:39 AM | Comments |

September 02, 2011

August 2011 Update - U.S. Economy

First, the quick version, pictorially.

Train Wreck.jpg

The informative, extended version is here.

By Mr. E. Blogger at 04:15 PM | Comments |

June 22, 2011

Heartache: al Qaeda Lost $19.7 Million Investing in Chicago Based Futures Market

The US government is trying to seize about $6 million dollars belonging to Abu al Tayyeb, one of Osama bin Laden's chief moneymen. The brilliant part? The terrorist genius decided to play the risky futures market and gave the money to a Saudi broker with a Chicago based account. The broker, who seems to be related to Tayyeb and was also in the know as to where the money came from, promptly lost nearly $20 million of al Qaeda's hard earned dollars!

Alas, even al Qaeda is not immune to the down market. No wonder bin Laden's compound was such a dump.

Chicago Tribune:

Abu al Tayyeb, who had allegedly considered a biological attack and other terror plots against U.S. citizens, wired $35 million to an associate, of which $26.7 million was deposited into an account in 2005, according to the federal lawsuit by the U.S. Justice Department.

n less than a year, the account plummeted to less than $7 million because of poor trading decisions by the associate, according to the lawsuit, filed in federal court in Chicago over the weekend.

Note to Ayman al Zawahiri: I have a great investment, sure to double triple your money in a month! Call me.

By Rusty Shackleford, Ph.D. at 03:24 PM | Comments |

March 22, 2011

The Neo-Commie Plan to Wreck the Train

Did I mention there is a Neo-Commie in the White House?

Protein Wisdom:

What we’re witnessing is an organized attempt at initiating a soft coup in the United States by way of a socialist cabal. Michael Medved might not like to hear this; Bill O’Reilly and Bernie Goldberg likely won’t, either — concerned, as they both are, about the “rightwing” “bash Obama” industry (which isn’t helping “the folks”); Jeb Bush surely doesn’t, if such a revelation means that his standing on stage with Obama in the swing state of FL to burnish his “pragmatic centrist” bona fides then looks like either betrayal of conservative principles, or a real lack of discernment and judgment; and of course, the establishment GOP, who has built its entire political strategy on the idea that Washington is and always will be business as usual (and it is — for them) probably want to skip this as well.

But those of us who met the election of Barack Obama with cries of opposition knew what was coming — all one had to do was bother to look — and we reluctantly pushed the GOP back to power in November to fight the attempt by the left to finish its takeover of our country.

Read the rest..

By Howie at 10:45 AM | Comments |

October 28, 2010

Video: Breaking Point-25 Minute Documentary

Part I, part II & III below fold.

Part II:

Part III:

By Stable Hand at 11:40 AM | Comments |

October 26, 2010

Treasury Hiring FOIA Officers "To Withhold Information From Release To Public"


Most open Obi One administration evah:

Washington Examiner

Officials at the Treasury Department’s Office of Financial Stability contracted with a small consulting firm that has given nearly $25,000 to Democratic candidates since 2005 (and no money to Republicans) to hire “Freedom of Information Act (FOIA) Analysts to support the Disclosure Services, Privacy and Treasury Records.” The firm is currently advertising a job opening for a FOIA analyst with experience in the “Use of FOIA/PA exemptions to withhold information from release to the public” (emphasis mine, and if that link goes down, The Examiner has kept a copy for its records).

UPDATE: Phacil has changed their job description on their website (without making a note), however here is a link to another job description for the same job that still uses the above as a qualification. They also have not yet returned calls to The Examiner. The side by side comparison of the old and modified versions are at the bottom of this post.

This means that the entire OFS, which is tasked with overseeing the Troubled Asset Relief Program, is trying to hire people who will withhold information from release to the public.[More...]

Below fold:
This is the original: "Use of FOIA/PA exemptions to withhold information from release to the public":

Phacil FOIA Analyst description (original)

Thanks to Bartender

By Stable Hand at 11:58 AM | Comments |

October 10, 2010

My Inbox:

OFA - Jump on the phone -.png

My replies, when one isn'tenough:




By Stable Hand at 01:40 PM | Comments |

June 24, 2010

"I Want Your Money" Teaser Trailer

"Conservative Movie Tackles Financial Crisis"

Aboutthe Movie:


Ray Griggs, the director of the film comedy Super Capers (2009) and Wind In The Willows (pre-production), has assembled an all-star cast of prominent voices in America – past and present – to debate the perils of “big government” in the rousing feature film documentary I Want Your Money.

The movie features arguably the most hilarious political parody animations ever created, featuring Barack Obama being “schooled” by Ronald Reagan (both inside and outside a boxing ring), while an ensemble of politicians from Bill Clinton, George Bush and Arnold Schwarzenegger, to Sarah Palin, Nancy Pelosi and Hilary Clinton chime in.

Combining in-depth interviews, fiery criticism and politically charged animated sequences,
I Want Your Money is a no-holds-barred critique of the vast expansion of the federal government under the Obama Administration.

The film also features insightful interviews with leaders like Newt Gingrich, Steve Forbes, Mike Huckabee, John Stossel, and former California governor Pete Wilson (among many others), as well archival footage of Franklin Roosevelt, Lyndon Johnson and Jimmy Carter.

I Want Your Money will premiere in movie theaters this Fall.

By Stable Hand at 12:39 PM | Comments |

May 24, 2010

Princess Leia has Demonstrated a Weakness in the Euro Zone


The shaft leads directly to the Euro Zone banking system.

A precise hit will start a chain reaction which should destroy pretty much everything. Only a precise hit will set off a chain reaction. The shaft is ray-shielded, so you'll have to use proton torpedoes.

That's impossible! Even for a computer.

By Howie at 08:29 AM | Comments |

March 26, 2010

Obama Is Going To Pay For My Gas & Mortgage - Damn Straight, It's Begun

The mortgage part anyway

The Obama administration plans to overhaul how it’s tackling the foreclosure crisis, in part by requiring lenders to temporarily slash or eliminate monthly mortgage payments for many borrowers who are unemployed, senior officials said Thursday.

Banks and other lenders would have to reduce the payments to no more than 31 percent of a borrower’s income, which would typically be their unemployment insurance, for up to six months. In some cases, administration officials said, a lender could allow a borrower to make no payments at all.

When the banks go bust.....

h/t Kenny Solomon

By Stable Hand at 01:01 PM | Comments |

March 09, 2010

Depend On Ocean/Inland Fishing For A Living/Tourism? Sorry Sez Obama NOAA & WWF & IFAW

Your input is no longer accepted, love Obi One

The Obama administration will accept no more public input for a federal strategy that could prohibit U.S. citizens from fishing the nation's oceans, coastal areas, Great Lakes, and even inland waters.

This announcement comes at the time when the situation supposedly still is "fluid" and the Interagency Ocean Policy Task Force still hasn't issued its final report on zoning uses of these waters.

That's a disappointment, but not really a surprise for fishing industry insiders who have negotiated for months with officials at the Council on Environmental Quality and bureaucrats on the task force. These angling advocates have come to suspect that public input into the process was a charade from the beginning.

"When the World Wildlife Fund (WWF) and International Fund for Animal Welfare (IFAW) completed their successful campaign to convince the Ontario government to end one of the best scientifically managed big game hunts in North America (spring bear), the results of their agenda had severe economic impacts on small family businesses and the tourism economy of communities across northern and central Ontario," said Phil Morlock, director of environmental affairs for Shimano.

"Now we see NOAA (National Oceanic and Atmospheric Administration) and the administration planning the future of recreational fishing access in America based on a similar agenda of these same groups and other Big Green anti-use organizations, through an Executive Order by the President. The current U.S. direction with fishing is a direct parallel to what happened in Canada with hunting: The negative economic impacts on hard working American families and small businesses are being ignored.

Ya, that will really help save/create jobs by destroying them.

By Stable Hand at 12:34 PM | Comments |

February 18, 2010

Happy One Year Anniversary to Porkulus

Yeah, it's an old chart, but the unemployment rate hasn't changed much. How's that stimulus thing working out for you sparky?

By Rusty Shackleford, Ph.D. at 10:47 AM | Comments |

February 04, 2010

Banana Republic

Pay up or else.

The Internal Revenue Service (IRS) intends to purchase sixty Remington Model 870 Police RAMAC #24587 12 gauge pump-action shotguns for the Criminal Investigation Division.

Collecting taxes must be a pretty dangerous job these days.

h/t armedferret

By Vinnie at 03:56 PM | Comments |

October 08, 2009

Rep. John Spratt, Jr. Is A Retard

Quit blaming Bush.

Bush had three months of FY 2009. The rest is all Obama. And none of this even touches on the deficit projections that Obamacare, Cap n Tax, and Card Check will foist upon us if passed.

Anyway, Rep. John Spratt, Jr. (who, I hope, has a staffer Googling his name) is a retard for saying this:

"It should be remembered that fiscal year 2009 began during the Bush administration, which left in its wake the worst recession since the 1930s, including a sharp plunge in revenues," said Rep. John Spratt Jr., D-S.C., chairman of the House Budget Committee. "But today's figures send us the latest alarm. As the economy stabilizes and starts to recover, we will have to turn our focus back to deficit reduction."

Bad news for Rep. John Spratt, Jr. D-SC (who, I hope, has a staffer Googling his name), our economic woes are owned by you and your fellow progressives. And it doesn't go back to Bush's term. Your ilk has been slowly turning the screws for a hundred years.

Sort of like Islam, but at least progressives don't behead unbelievers. Starve them to death, yes, but behead them, no.

By Vinnie at 12:52 AM | Comments |

October 06, 2009

Atlas Is Shrugging

And for good reason...

WASHINGTON -- The Obama administration's pay czar is planning to clamp down on compensation at firms receiving large sums of government aid by cutting annual cash salaries for many of the top employees under his authority, according to people familiar with the matter.

Atlas shrugged at Bank of America:

The issue could be particularly acute for Bank of America, which is searching for a successor to Kenneth Lewis, who announced plans to resign as chief executive of the company last week.

Would YOU want to be CEO of Bank of America now? Me neither.

I hate to sound cynical, okay, no I don't, but unless we turn this ship around, there will be no such thing as achievement recognized in this country unless it's wholly subsidized by government.

By Vinnie at 12:35 AM | Comments |

Ouch. That's Going To Leave A Mark

I'm not an economist, and I don't play one on television, but I don't think that this is very good news.

Gulf Arab states are in secret talks with Russia, China, Japan and France to replace the U.S. dollar with a basket of currencies for the trading of oil, Britain's The Independent newspaper reported on Tuesday.

"Secret meetings have already been held by finance ministers and central bank governors in Russia, China, Japan and Brazil to work on the scheme, which will mean that oil will no longer be priced in dollars," said the report, which cited unidentified sources in Gulf Arab states and Chinese banking sources in Hong Kong. It added that France had also been involved in the talks

Since the dollar is down against pretty much every currency except for Zimbabwe's (that's a joke, nitpickers), this can't bode well for the price of oil if true. At least for us and Britain. It will probably bode well for Russia, China, and Brazil and the Gulf States. You know, those diehard staunch allies of ours.

Oh well, I'm good. It takes me 3 minutes to drive to work in traffic. If they go off the dollar in the Scotch industry though, I'm taking up arms.

By Vinnie at 12:20 AM | Comments |

August 13, 2009

Dear Unemployed, Find A New Job On Craigslist

Wow, and they tell us it's REICH WINGERS CONSPIRASAH MONGERS that are loading the town hall meetings with NEO NAZI SWASTIKA BEARIN INFILTRATAHS!

Um............. not really.

Note the source. The L.A. Times. Freaky, ain't it?

By Vinnie at 07:47 PM | Comments |

August 12, 2009

Yep, the banks are pretty much insolvent

This interview with Elizabeth Warren (video below the fold), chair of the banking industry Congressional Oversight Panel, is truly frightening. Remember, she was appointed by the Democrats. About a minute in she admits that most of the toxic assets held by banks are still on their books despite the $700 billion we have already poured into them through TARP. Pat Buchanan, who I rarely agree with, hits the nail on the head about three minutes in when he asks if the assets were required to be "mark-to-market", i.e. if banks had to declare the actual current value of the assets on their balance sheet, most would be underwater (the rules were changed a few months ago). Warren admits that is the case. The short of it is: most of our banks are insolvent. If they posted the actual value of these assets on their books today, it would trigger a government takeover. This is as close to an admission of that fact as we're going to get (until after it all comes crashing down).

Warren also states that commercial real estate could see 50-60% default rates in the next few years, which will especially hit the smaller banks. And as we saw just last week, the wave of personal bankruptcies forestalled by the post-election foreclosure moratorium are just starting to work their way through the system. When asked if the economic Armageddon we were warned about last year was real (about 7:30), she admits that the real losers were going to be the old-time, big financial dinosaurs (Goldman Sachs, JP Morgan, et al.). While we avoided some pain, which is probably inevitable anyways, the bank bailout engineered by the Fed and (former Goldman Sachs CEO) Bush Treasury Secy Henry Paulson was for all intents and purposes to protect those companies and their shareholders.

Oh, and the commission report on the financial collapse isn't due until December 2010 - one month AFTER the congressional elections.

So what does this mean?

1) The banks are essentially insolvent, and they're playing games with their books to avoid triggering FDIC takeover.
2) The $700 billion we poured into the banks did nothing to address the fundamental problem, toxic assets, but were taken by the banks and placed on their bottom line (as Warren calls it, the Treasury's "Don't Ask, Don't Tell" policy).
3) The worse may be yet to come.
4) We're all pretty much screwed, notwithstanding the world-changing powers of Teleprompter Jesus.

Video below the fold:

Visit msnbc.com for Breaking News, World News, and News about the Economy

By Barbarossa at 10:11 PM | Comments |