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HighDesertDJ

Trad climber
Topic Author's Reply - Apr 29, 2016 - 09:03am PT
Reilly: "It's always the victims fault."

Requiring that financial advisers act as such instead of acting as salesmen steering people towards investments that make the brokerage money while leaving the clients short is a no-brainer. There is no way for your average American to understand complex financial decisions without help. This change largely affects "actively managed" funds which have been shown on average to perform more poorly than passively managed funds while reaping much higher profits for the people selling them. The "idiots" who invested in them include large pensions and institutions and very smart, educated people. If someone can tell you "I'm going to give you good advice on how to invest your money" they should have a legally binding fiduciary responsibility to do so.


These are the same people that bought houses they couldn't
afford 10 years ago with adjustable rate mortgages. Research has shown that a high percent-
age either didn't know they had an adjustable rate mortgage or didn't understand what it
meant! Are you kidding me? Did they even graduate from high school?

People don't learn this stuff in high school, Reilly. And a lot of people were sold them with the idea that they could "just refinance" when the interest rate spike. No big deal. Then the economy tanked and those people couldn't find anyone to allow them to refinance because nobody was lending money. The whole industry was geared towards getting people into houses they couldn't afford. Insisting the only person at fault is the person who thought their day had finally arrived that they could take part in the American Dream is pretty douchy. Have you ever bought a house? Did you read every page of your loan? Every page of your disclosure? Or did you ask someone to give you the bits you thought were most important and then blindly initial most of it and sign the dotted line?



Crank- Brooks is right and also represents a really tiny sliver of Republicans. The conservative id couldn't care less.
Norton

Social climber
Apr 29, 2016 - 09:30am PT
A new poll from the Pew Research Center shows that the GOP is overwhelmingly hated by the American public and has reached its highest level of disdain since 1992.


According to the poll, 62 percent of Americans have an unfavorable impression of the GOP whereas only 33 percent view it favorably. American’s positive perception of the GOP fell four points in the last six months.

The poll also found a very interesting trend: most of the negativity towards the GOP came from self-identified Republicans, where only 68 had a favorable view of their own party — an 11 point drop from October.

62 percent of women have an unfavorable view of the Republican Party
79 percent of black people have an unfavorable view of the Republican Party
61 percent of Hispanics have an unfavorable view of the Republican Party
Unfavorable views of the GOP are between 60 and 73 percent among college-educated – some college, graduate, postgraduate, respectively.
Gary

Social climber
Where in the hell is Major Kong?
Apr 29, 2016 - 11:33am PT
Reince Priebus? Wasn't he in 200 Motels?

crankster

Trad climber
No. Tahoe
Apr 29, 2016 - 11:44am PT
Agree, HDDJ. Trump voters aren't reading the editorial pages of the major papers. It's talk radio, Drudge and Breitbart.
Reilly

Mountain climber
The Other Monrovia- CA
Apr 29, 2016 - 01:16pm PT
There is no way for your average American to understand complex financial decisions without help.

Complex, as in the hugely arcane difference between front-loaded and
no-load mutual funds? If you can't understand that then you're not gonna
have to worry about investing sh!t.

If you can't figure out that a fund that charges 3% management fees is not
a good deal compared to a Vanguard fund that charges 0,2% then you need to
start buying beachfront property in Nebraska. If you're that phukking
stoopid then you go to a fee only advisor who will explain that higher math
stuff to you in monosyllabic sentences. If you're too stoopid to go onto
Fidelity's or Vanguard's websites and educate yourself from their many well
explained articles then you deserve to retire to a single wide in Stocton.
Furthermore, do you seriously think that those numbnuts in Washington can
write a bill that will have any meaningful effect? BwaHaHaHa! The Nanny
State strikes again with its new brand of Fiduciary Responsibility Butt Wipe!

And as far as large pension funds go those are run by some of the dumbest
phuks on the planet who have repeatedly demonstrated their complete inability
to understand and grasp the importance of D-I-V-E-R-S-I-F-I-C-A-T-I-O-N.
Not to mention they've repeatedly demonstrated their ability to succumb to
ball-cupping by sleaze bag hedge funds.

People don't learn this stuff in high school, Reilly
Well, I'm glad that we agree on one thing. I distinctly recall learning
percentages in, like, the 5th grade or thereabouts so, you're right,
it wasn't high school.


Oh, and here's a nice BBC.com article about your wonderful French economy:

What is the French economic problem?

57% work for the gubmint - what could go wrong with that? Oh, wait,
14% don't work at all so that means 39% work their asses off to pay
for the gubmint cubicle pukes and the dole layabouts. Yeah, that
sounds like a gud long term plan.



HighDesertDJ

Trad climber
Topic Author's Reply - Apr 29, 2016 - 09:15pm PT
And yet the French still have one of the largest economies in the world. That must really make your balls ache.
dirtbag

climber
Apr 29, 2016 - 09:23pm PT
Let me guess. You are offended by the "off the reservation" comment. Or Benghazi. Or Vince Foster. Or something.
John M

climber
Apr 29, 2016 - 09:28pm PT
Reilly are you average intelligence?...


since most everyone should be able to do what you can do.




Edit: I generally think of you as above average.

.......

Edit:

VVVVVV

.I asked a simple question

LOL.. more like loaded. potillary..

crankster

Trad climber
No. Tahoe
Apr 30, 2016 - 07:21am PT
First, her name is Hillary.
Second, nobody cares about your supposed "gaffe".

Sheesh...6 more months + 8 years of this kind of nonsense.
crankster

Trad climber
No. Tahoe
Apr 30, 2016 - 07:49am PT

Or maybe Trump supporters and religious zealots just believe any stupid thing that crosses their internet screen.
If they turned it off along with the TV they'd know that America is already great.




crankster

Trad climber
No. Tahoe
Apr 30, 2016 - 08:00am PT
If everyone left running is a puppet, who are you voting for?

Eric Sloan?
HighDesertDJ

Trad climber
Topic Author's Reply - May 2, 2016 - 05:33am PT
Obama has a great send off WHCD performance. His video had some weird edits towards the end but the bit with Boehner was gold. Leading off with the Hillary jokes was great too.

[Click to View YouTube Video]


Clinton only needs 38% of the remaining elected delegates to clinch a majority of them. Still, Sanders supporters keep churning out misleading propaganda:

WBraun

climber
May 2, 2016 - 07:27am PT
CNN one of the most disgusting mainstream news media outlets in the US.

It's a CIA news media brainwash front for stupid Americans.

And the politards here swallow everything they put out.

And this post has nothing to do with your stupid politarded loonism ....
HighDesertDJ

Trad climber
Topic Author's Reply - May 2, 2016 - 08:00am PT
I just can't get why people keep trying to make this election about race...

Republican presidential frontrunner Donald Trump has received a new endorsement from the Imperial Wizard of the Rebel Brigade Knights of the Ku Klux Klan (KKK). The Klan leader, who was merely identified as the "Imperial Wizard" by WWBT 12, said the group supports Trump's views because they reflect their own views.

"I think Donald Trump would be best for the job," the Klan leader said. "The reason a lot of Klan members like Donald Trump is because a lot of what he believes in, we believe in. We want our country to be safe."

According to the NBC affiliate, the Imperial Wizard said he supports Trump's proposal to temporarily ban Muslims from entering the US."If Donald Trump dropped out tomorrow I would support Kasich before i would Ted Cruz because he is not an American citizen," he added.

"Even if I agree with some of the things that Ted Cruz says, I would not support him because he was born in Canada. He is not an American citizen."
HighDesertDJ

Trad climber
Topic Author's Reply - May 3, 2016 - 04:58am PT
I still don't get why people think there is a racial component to Trump's campaign...



Ugh...what does any of this have to do with Clinton being a woman? STOP PLAYING THE WOMANS CARD!!



This was pretty clever



The National Review continues to lose their goddam minds about Trump:

On race, Trump supporters are tired of hearing that black lives matter, while no one mentions that all lives matter. They are sick of seeing protestors wave the flag of the country they do not wish illegal aliens to be sent back to and trash the country they under no circumstances want them to leave. They don’t like getting a letter from an IRS that employs Lois Lerner — a letter that would be ignored with impunity by those who are here illegally, or who run the Clinton Foundation. They are tired of wealthy minorities claiming they are perpetual victims of ill-treatment at the hands of people who are less well off than they. They don’t like hearing from elites that huge trade deficits have little to do with loss of jobs or that cheating by our trade partners is just a passing glitch in free trade. They cannot stand lectures from those who make more money in an hour than they do in a year about their own bad habits or slothfulness. They don’t know what the on-screen savants mean by a leg-tingle or a perfectly pressed pant leg or a first-class temperament or a president as god — and they don’t care to find out. They do not hate political correctness so much as one-sided political correctness, which gives a pass to some to say things that would get others fired or ruined. They don’t want to be lectured that their own plight is part of a larger, healthy creative destruction or a leaner, meaner competitiveness or an overdue restructuring — by those who are never destroyed, rendered noncompetitive, or restructured. And they don’t like to be talked down to by the experts who ran up $10 trillion in debt, ruined the health-care system, dismantled the military, and screwed up the Secret Service, the IRS, NASA, and the VA. Trump is their megaphone, not their solution. The Trump supporters have seen plenty of politicians with important agendas, but few with the zeal to push them through; at this late date, they would apparently prefer zeal without agendas to agendas without zeal.

Trump has no loyalty to the Republican establishment or to the conservative movement. The apparent greatest attraction for his supporters is that he drives crazy those who worship Hillary Clinton and Barack Obama. And if the Republican establishment implodes with the Obamism it did not stop, well, so goes collateral damage — and in the process, woe to us all.

Trump is for a brief season our long-haired Samson, and the two pillars of the temple he is yanking down are the Republicans to his right and the Democrats to his left — and it will all land on top of us, the Philistines beneath.

“And he bent with all his might so that the house fell on the lords and all the people who were in it. So the dead whom he killed at his death were more than those whom he killed in his life.” Judges 16.30.
HighDesertDJ

Trad climber
Topic Author's Reply - May 3, 2016 - 05:49am PT
Trump is extremely likely to win in Indiana today which, after a couple weeks where a contested convention seemed likely, will effectively seal Trump as the nominee. He will not have technically clinched the nom but his clear polling advantages in all of the larger remaining states make him the presumptive nominee.

Clinton's lead in Indiana has appeared to widen over the last couple weeks but, given the proportional allocation of delegates in the Democratic race, she could lose every state for the rest of the race by significant margins and still win the majority of elected (pledged) delegates.
Craig Fry

Trad climber
So Cal.
May 3, 2016 - 07:52pm PT
Every person that wants to be informed MUST Read this BooK

Dark Money: The Hidden History of the Billionaires Behind the Rise of the Radical Right
by Jane Mayer

http://www.amazon.com/Dark-Money-History-Billionaires-Radical/dp/0385535597/ref=sr_1_1?s=books&ie=UTF8&qid=1462328809&sr=1-1&keywords=dark+money+jane+mayer


It documents the rise of the modern Republican/Libertarian ideology and power from the 1950s to now.

It's in an incredible story of the 0.001 percenters perpetual paranoia of the Government or "the people" coming in and taking their money away (freedoms).

The key to the whole start of the millions going into politics was prompted by inheritance tax laws.
The ultra-conservative millionaire fathers would provide a trust for the child and all the interest would have to be given to causes of philanthropy for a certain amount of years.

So these conservatives would set up foundations that were basically right wing think tanks and lobbying groups and they could give their millions in charity to their Non-Profit Foundation TAX FREE (queue IRS scandal), and preserve their 100s of millions in their inheritance trust.

So after seeing how great these things were working in swaying gullible Republicans, they enlisted corporations and other millionaires and the money was astronomical.

Theses paranoid bubble people biggest fear was Government Regulations and taxes. They saw environmental and occupation regulations as worse than communism and had to be fought back before they were put out of business.

Hope to expand on later..

But you can track almost every talking point ever uttered from modern conservatives/libertarians back to these dark money sources that bought the media and Republican Party.

it's all anti-government, anti-regulation BS so they can sway the public to vote for their greedy interests, and it Worked!

It's truly scary
I'm only a 3rd of the way through the book
it's big, 400 pages and wonky, but a very good read if you can go on without getting to depressed about the hopelessness of our Country's current situation.

Of course the only big money source on the left, Unions, have been destroyed by this movement, they have every base covered.
Craig Fry

Trad climber
So Cal.
May 3, 2016 - 08:16pm PT
Dark Money: The Hidden History of the Billionaires Behind the Rise of the Radical Right

Hardcover – January 19, 2016

by Jane Mayer

http://www.amazon.com/Dark-Money-History-Billionaires-Radical/dp/0385535597/ref=sr_1_1?s=books&ie=UTF8&qid=1462328809&sr=1-1&keywords=dark+money+jane+mayer


Why is America living in an age of profound economic inequality? Why, despite the desperate need to address climate change, have even modest environmental efforts been defeated again and again? Why have protections for employees been decimated? Why do hedge-fund billionaires pay a far lower tax rate than middle-class workers?
The conventional answer is that a popular uprising against “big government” led to the ascendancy of a broad-based conservative movement. But as Jane Mayer shows in this powerful, meticulously reported history, a network of exceedingly wealthy people with extreme libertarian views bankrolled a systematic, step-by-step plan to fundamentally alter the American political system.
The network has brought together some of the richest people on the planet. Their core beliefs—that taxes are a form of tyranny; that government oversight of business is an assault on freedom—are sincerely held. But these beliefs also advance their personal and corporate interests: Many of their companies have run afoul of federal pollution, worker safety, securities, and tax laws.
The chief figures in the network are Charles and David Koch, whose father made his fortune in part by building oil refineries in Stalin’s Russia and Hitler’s Germany. The patriarch later was a founding member of the John Birch Society, whose politics were so radical it believed Dwight Eisenhower was a communist. The brothers were schooled in a political philosophy that asserted the only role of government is to provide security and to enforce property rights.
When libertarian ideas proved decidedly unpopular with voters, the Koch brothers and their allies chose another path. If they pooled their vast resources, they could fund an interlocking array of organizations that could work in tandem to influence and ultimately control academic institutions, think tanks, the courts, statehouses, Congress, and, they hoped, the presidency. Richard Mellon Scaife, the mercurial heir to banking and oil fortunes, had the brilliant insight that most of their political activities could be written off as tax-deductible “philanthropy.”
These organizations were given innocuous names such as Americans for Prosperity. Funding sources were hidden whenever possible. This process reached its apotheosis with the allegedly populist Tea Party movement, abetted mightily by the Citizens United decision—a case conceived of by legal advocates funded by the network.
The political operatives the network employs are disciplined, smart, and at times ruthless. Mayer documents instances in which people affiliated with these groups hired private detectives to impugn whistle-blowers, journalists, and even government investigators. And their efforts have been remarkably successful. Libertarian views on taxes and regulation, once far outside the mainstream and still rejected by most Americans, are ascendant in the majority of state governments, the Supreme Court, and Congress. Meaningful environmental, labor, finance, and tax reforms have been stymied.
Jane Mayer spent five years conducting hundreds of interviews-including with several sources within the network-and scoured public records, private papers, and court proceedings in reporting this book. In a taut and utterly convincing narrative, she traces the byzantine trail of the billions of dollars spent by the network and provides vivid portraits of the colorful figures behind the new American oligarchy.
Dark Money is a book that must be read by anyone who cares about the future of American democracy.
Escopeta

Trad climber
Idaho
May 3, 2016 - 09:11pm PT
Typing Republican/Libertarian is like writing Christian/Atheist
HighDesertDJ

Trad climber
Topic Author's Reply - May 4, 2016 - 07:03am PT
Escopeta posted
Typing Republican/Libertarian is like writing Christian/Atheist

Really? They both seem like shades of white to me.



Sam Bee is killing it. I really need to catch up on her show.

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