But the Recovery is Still On, Right?

The Dow and S&P were both up today. The economy is [allegedly] growing. Everything is on track and will be wonderful in the future, right?

Yeah sure.

The experts — at least the ones that don’t have their heads stuck in the sand — know that a real recovery means people will have to spend more money. In an environment where the Bureau of Labor Statistics quietly admits that real unemployment is 16.7%, and some groups have unemployment rates as high as 28%, that seems unlikely to happen.

Almost 11% of houses sit empty, mostly in urban areas. Eventually these homes will either be renovated or bulldozed. Experts predict a boom in apartments, without bothering to mention that’s because it will be a long time before a typical American has a downpayment. Just a reminder: the housing crash means that not only can workers not afford to move to Where The Jobs Are, workers can’t afford to start small businesses either.

Union membership is down. This does mean that wages are going down because nobody is there to fight for a living wage. It means that stable jobs are gone, because there’s nobody to demand them. It’s also a symptom of the fact that we can’t seem to make much of anything more durable than a latte in this country.

So wages are down, unemployment is high, houses are money pits rather than assets. But hey, they’re having a party on Wall Street. Maybe there’s leftover cake.

In closing: no; LOOKOUT (or just be sane); and how does that fix the radiation?; more on Jack LaLanne; an idea whose time has come; childhood obesity; solve the puzzle, win a prize; it must be nice; on health care; yes, Albania; that too; puzzling; and in case you wondered.

How is this not Terrorism?

Mere minutes ago, I read about the shooting and death of third term Congresswoman, Rep. Gabrielle Giffords at a Tucson grocery store. She was trying to meet with voters; her last tweet invited people to come see and talk to her. She was a Democrat who supported health insurance reform and voted for last term’s bill. She won her last election by a narrow margin, and is the only member of Congress married to an active military officer (he was also an astronaut). Recently, her office was vandalized; she and several members of Congress have received threats over the health insurance reform bill that was passed last session.

Princeton University defines terrorism as “the calculated use of violence (or the threat of violence) against civilians in order to attain goals that are political or religious or ideological in nature; this is done through intimidation or coercion or instilling fear.” Dictionary.com‘s first definition is “the use of violence and threats to intimidate or coerce, esp. for political purposes.”

This woman was shot at the grocery store. Why? Because she was a supporter of health insurance reform? Because she was a damn broad woman in a position of political authority?

I’m going to make this very clear: she was killed for political purposes, and that is terrorism. But you won’t see the assassin prosecuted for terrorism, just murder. And you won’t see any admission by the Powers That Be that non-brown or non-Muslims could possibly commit terrorism because then we would have to address what really causes terrorism. And you certainly won’t see full-body scanners going in at the grocery store or the mall, because then we would all understand what security theatre is all about.

Update: I had forgotten about this. Funny, I hear it’s been taken down from Sarah Palin’s site!

In Closing: public option would cut the deficit; on unemployment and employment (oof); ok, 41% seems high to me, maybe we should reduce unwanted pregnancies; and bats in blankets.

No Santa! Don’t Do It!

Today’s post courtesy of my neighbors. On a serious note, though, you have got to read this. No wonder Santa’s thinking of jumping. Please remember those in need this holiday season, and please help if you can.

In Closing: “The world’s biggest banks are still hugely overextended” (but heaven knows we can’t do anything about it); don’t tell the Republicans, but hundreds of thousands of unemployed people are applying for thousands of low-paying jobs; and Reaganomics Redux.

Self-Serving Bunch of Asshats

Today, Bank of Asshat America said “Investors should be buying bonds in all categories of U.S. securitized debt, in part because the market will continue to shrink next year.”

Securitized debt. That’s bonds backed by things like real estate loans and leases.

Now let’s see, Bank Of Asshat, where might you come up with those? Perhaps from Countrywide??

How convenient that your analyst thinks we should buy the thing that you just happen to be selling. Very convenient.

In Closing: How enterprise crashed the economy; katsudon; too frustrated about the DINOcrats folding on tax cuts for people who don’t need them to say anything rational; Steven King will rip the throat out of your Twilight whiny sparkly vampires; bank failures; full one way, empty the other; you think Sarah Palin is bad?; jobless rate by level of education; young adult fiction; it never occurred to her that you might not be able to afford cereal and a banana (fine, b****, you adopt them all!); and this:
Rob Rogers

Prepare for Battle

Sargeant?

Yes Sir!

Assemble the troops for inspection.

ATTENTION POINSETTIA ARMY! This is Commander Potted Palm. The time has come to rise up! You’ve trained long and hard for this mission, and I see all of you are in your dress uniforms. Let’s get out there and make people believe that yes, we do indeed celebrate both Hanukkah and Christmas in Las Vegas!

In closing: stopping terrorism with pork; Computer Engineer Barbie got a phone upgrade (and she’s reasonably priced); body image fail; a few items on employment, unemployment, jobs, and our clueless government; it’s hard to hate a benevolent dictator; stop trying to kill Social Security!; now we might be getting somewhere, a couple of Harvard Law Students suing the TSA; Fed lent trillions of dollars rather than admit that our biggest banks should have been taken over by the government as insolvent; even a Fed Governor says some institutions are “too big to succeed“; it’s been a good week for Senator John Ensign; please, some freaking sanity about the Bush tax cuts!; close the Washington Monument; a strategy so simple even a Democrat can do it; I’m wondering why I canvassed for that man; and finally, Kim Jong-Il looking at things. Enjoy.

“Don’t Quit Your Day Job”

Seriously, some people need to be told not to quit their jobs while trying to get a mortgage. Everything you need to know about getting a mortgage in this week’s Getting REAL (Estate) in Vegas, starring me with special guest Kari Phillips of Southern Fidelity Mortgage.

In closing: Shut up and take it like a man, says the President; priorities; new Fiats; more extortion; Direct Instruction works; sounds like the setup for a blasphemous joke; Schneier; depression; and reconstructed.

Huh.

I’m going to start by saying the only thing I intend to say about politics today: if are an American adult and you didn’t vote in Tuesday’s elections, I have no desire to hear any of your opinions about politics, the law, or the economy. You had your opportunity to make your voice known,  even if it was to vote for “none of the above.” Got that? Now get lost.

Now that that’s out of the way!

This week I’ve been collecting stories that just make you say “huh.” Like the newly found San Diego to Tijuana drug tunnel, complete with lights, ventilation, and a rail system! You know, if pot were legal and regulated, not only would this stuff have come into the country in a relatively safe truck, it would have generated taxes and tariffs. As a bonus it would be easier to keep it out of the hands of kids because the nice lady at 7-11 is actually going to check IDs. It would also cut the head off Mexican drug violence. (Funny, you heard a lot less about American gangsters after prohibition was repealed).

Elsewhere, CNN took it upon themselves to point out that cat costumes, Starfleet T-Shirts, teeny tiny miniskirts, blankets, evening gowns, and swimsuits are not appropriate attire for a job interview. Oh Really??

Another good one was USA Today informing us that kids who use “electronic media at night” sent an average of 34 texts or emails, and were often woken at night by calls or texts. Not surprisingly, they “may have mood or learning problems during the day….” Do you think??

But by far my favorite is the FBI manhunt for a couple involved in a Ponzi scheme. They allegedly defrauded a dozen investors of $3,000,000. Now here’s the strange part: the man met several of their victims while in prison. Now, would you take investment advice from a guy who was in prison? Apparently some people would.

In Closing: immaculate conception of snakes; the Great Wall of Croatia; T-Shirts for travelers; disaster coloring books; on unemployment and interest rates; shades of grey; JP nails it; amazing cure-all proven in study after study; Happy NaBloPoMo; the damage doesn’t look as bad from out here; and Samurai Reformer.

Grape Leaves Changing Color

Fall has officially arrived in Vegas.

In Closing: 22.5%; a brave man confronts ignorant women; it’s the continuing adventures of Harry and Sharron!; glad I’m not in Chicago this week; accidental gay marriage; is anyone really, honestly surprised they’ve found oil at the bottom of the Gulf of Mexico? Really?; no wonder things are tough all over; Vote For Jobs (and in my opinion, against ballot initiatives); the Problem with Charity; I bet that there may be jobs at the worlds largest solar-thermal plant; what is the Treasury hiding?; BlueGal‘s got your Contract With America; Hup, two, three, four, keep it up, two, three, four; trial balloon (notice that the things under consideration mostly effect working class people?); gee I can’t imagine why; the “step 2” problem with austerity; President Obama created more jobs this year than President Bush created in 8 years; on poverty and student performance; ZAP!; and Janitors with PhDs.

Make Me Mad

This morning I read a little item called “It’s time to stop blaming the lenders.” The essence can be told in less than one paragraph:

It’s okay that people made the mistake of borrowing more than they could afford. But is it really the lenders’ fault? Really? Maybe the banks didn’t deserve to be bailed out for their own poor judgment, but do the rest of us really deserve to bailed out for our own?

So let me make sure I’ve got this right. It’s our fault?

It’s Harry Homeowner’s fault that when he went to talk to Mary Mortgage-Broker, he actually believed her when she told him he could afford up to a $300,000 mortgage? It’s his fault that she lied to him, or pressured him into a pick-a-payment or adjustable rate mortgage he didn’t completely understand?

It’s Nicolle Bradbury‘s fault that she lost her job and — like so many other people — hasn’t been able to find another job that would allow her to continue making a modest $474 monthly payment?

It’s Joe Average’s fault that “everybody ought to own a house” propaganda combined with shoddy underwriting to create a housing bubble, even when the people who should have known it was a bubble said everything was fine?

It’s my fault that mortgage company executives were making insider trades?

It’s Darrell‘s fault that the mortgage company lost his paperwork not once, but five times?

It’s your fault that banks sold one another worthless securities based on your neighbors’ mortgages, and now sometimes can’t even figure out who owns what?

It’s our fault that banks hired scores of people with dubious qualifications to sign legal documents equivalent to swearing in a court of law, attesting that they knew things they couldn’t possibly know about our mortgages?

Is it also Nancy Jacobini‘s fault that her home didn’t look “lived in” enough for the goons hired by her mortgage company to change the locks? Is it her fault that he couldn’t be bothered to look in a window or knock on the door?

It’s Patrick Jeffs‘s fault that a mortgage company tried to take his home when he didn’t even have a mortgage with them?

This is nothing more than a pathetic attempt at victim blaming. It’s right up there with “she wore a short skirt so she deserved to be raped” and “he was walking at night; he should have known better.” The author should be ashamed of himself, but he honestly believes that it’s as simple as “no pay, no stay.”

In Closing: they want to build a steam powered computer; obesity is a threat to national security; venture capitalists are spending less money on new companies, which bodes ill for future job creation; average teen sends 3,339 text messages per month; girls can so do math; bad boys, bad boys, whacha gonna do?; health insurance reform isn’t over yet; overworked; and let me make sure I understand, the kids throw a wild party that got out of hand, and so you arrest the parents, leaving the kids to throw another party? Egads.

funny pictures of cats with captions
see more Lolcats and funny pictures

Wouldn’t that be nice?

Taken at Clark High School in Las Vegas.

In Closing: Foreclosure mess (update, Bank of America has halted all foreclosures nationwide); new 300 year old Vivaldi concerto; progressive agenda; we have to be better; I hope the FDIC bankrupts these [redacted]; always check your work; on Afghanistan; 30% of unemployed have been out of work for at least a year, and the number of jobs in the economy went down last month (no wonder bankruptcies are up); good idea; speaking of food stamps; “none of the above“; new style CPR; sometimes it’s how you say it; and cell phones don’t and can’t cause cancer (“physics shows that it is virtually impossible for cell phones to cause cancer”).

Oh and one more thing! Surf over to Vegas Video Network to see my new show later today!