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HighDesertDJ
Trad climber
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Topic Author's Reply - Jan 6, 2016 - 06:25am PT
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Like most things, people root for their team. I'd rather President Obama not be using so many executive orders, but I generally support what they do and they are in the face of an intransigent congress that has made it's top priority the blind opposition to nearly anything Obama supports.
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Contractor
Boulder climber
CA
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Please go easy on the few who reflexively object to such moderate and publicly supported gun purchase restrictions.
Its a matter of synaptic mutation and is predictable, social diversity- replicating biological oddities, such as 3 legged frogs.
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High Fructose Corn Spirit
Gym climber
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Tom, that's an excellent piece. Grade A.
Besides "collapse" another useful term along the same (economic ecological) lines is "boom and bust cycle" or "cycling" of which collapse would be a part.
So is coming to terms (psychologically) with collapse - or boom and bust cycling - as a more or less regular part of nature and natural processes and the big picture a good thing? I don't know.
Perhaps it could incline someone at some point to care a little less about something, like pushing a red button in the face of an over-populated somewhere?
Anyways, interesting and thought-provoking piece.
Nature's a tough mistress.
Or...
The sky is falling, Watch out!
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High Fructose Corn Spirit
Gym climber
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Tom, along similar lines...
Collapse now and avoid the rush...
"The skills, resources, and lifeways needed to get by in a disintegrating industrial society are radically different from those that made for a successful and comfortable life in the prosperous world of the recent past..."
http://thearchdruidreport.blogspot.com/2012/06/collapse-now-and-avoid-rush.html
"Each new round of crisis will push more people further down the slope; minor and localized crises will affect a relatively smaller number of people, while major crises affecting whole nations will affect a much larger number."
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EdwardT
Trad climber
Retired
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A review by USA Today shows that the president has issued 198 "presidential memoranda," more than any U.S. president in history.
Presidential memoranda are quite similar to executive orders — in fact, they're almost identical in that they both allow a president to manage and govern the actions of the departments and agencies under the executive branch of government. The convenient difference? Obama can avoid being accused of overusing executive orders if he technically issues a memorandum.
The president has issued 195 executive orders from his White House, and the review reveals that when the memos and executive orders are combined, "Obama is on pace to issue more 'high-level executive actions' than any president since Harry Truman." Teresa Mull
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Larry Nelson
Social climber
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TomCochrane
Really good article on the collapse. TFPU.
So with the economy an issue in the election, Michael Burry thinks another crises is coming.
Short but good interview with Michael Burry, who Christian Bale plays in the movie "The Big Short".
This answer is a good perspective on the 2008 financial crises:
The postcrisis perception, at least in the media, appears to be one of Americans being held down by Wall Street, by big companies in the private sector, and by the wealthy. Capitalism is on trial. I see it a little differently. If a lender offers me free money, I do not have to take it. And if I take it, I better understand all the terms, because there is no such thing as free money. That is just basic personal responsibility and common sense. The enablers for this crisis were varied, and it starts not with the bank but with decisions by individuals to borrow to finance a better life, and that is one very loaded decision. This crisis was such a bona fide 100-year flood that the entire world is still trying to dig out of the mud seven years later. Yet so few took responsibility for having any part in it, and the reason is simple: All these people found others to blame, and to that extent, an unhelpful narrative was created. Whether it’s the one percent or hedge funds or Wall Street, I do not think society is well served by failing to encourage every last American to look within. This crisis truly took a village, and most of the villagers themselves are not without some personal responsibility for the circumstances in which they found themselves. We should be teaching our kids to be better citizens through personal responsibility, not by the example of blame.
Michael Burry
http://nymag.com/daily/intelligencer/2015/12/big-short-genius-says-another-crisis-is-coming.html
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JEleazarian
Trad climber
Fresno CA
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Bagging on President Obama for the use of Exec Orders after President Bush?
Laughable!
GWB = 291 Exec orders
BHO = 227 Exec Orders
DMT
The issue isn't the number of executive orders; it's their content. In my opinion, this executive order is proper, although there can be some reason for questioning. In contrast, executive orders countermanding legislation (e.g. refusing to enforce immigration laws) threaten the balance of power between branches of government. No one accused Bush of doing any such thing. Obama has done so early and often.
John
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Jorroh
climber
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"This crisis truly took a village, and most of the villagers themselves are not without some personal responsibility"
A bit intellectually dishonest in the sense that of all the people involved in the chain of transactions that starts with deciding to buy a house and ends with a synthetic CDO being sold to some dupes managing a retirement fund for teachers in Dusseldorf, the "villager' is not a professional (The only one who isn't) and is, by far, the least sophisticated player.
These "villagers" almost always paying for advice, indirectly and directly, from other players in that chain (like a Realtor or a mortgage broker for example).
Some responsibility...absolutely, but the level of responsibility rises exponentially as you go up that transaction chain.
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Larry Nelson
Social climber
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Jorroh,
Excellent point.
I think Burry is implying that even the smallest players in the game wanted something for nothing.
"Hey, I can't afford this home, but with a subprime interest only payment that would cost less than a rental house, I can get $100,000 equity in this crazy market before the balloon payment and sell.
Something for nothing.
And if ya wanna go for it, go.
And for the average individual, buying a home is the biggest financial decision they will make. Ya wanna educate yourself on it goin in.
But you are right that we hire professionals to guide us through the myriad of legal procedures.
And the professionals right up to the top wanted something for nothing...just a bigger scale of the same and as you correctly note, exponentially more responsibility.
Wall St sharks got off the hook for their ethical breaches...well, Washington DC let them off the hook.
Not so strange bedfellows...the mother's milk of politics...crony capitalism.
All on the backs of the middle class worker.
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crankster
Trad climber
No. Tahoe
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The only action the Republican congress takes are meaningless acts like defunding Planned Parenthood and repealing
Obamacare (for the 345th time). They are incapable of governing.
Given their political sterility, executive action is the logical, and proper, recourse.
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crankster
Trad climber
No. Tahoe
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S(pud), doesn't matter all that much. Idaho and California aren't in the mix, red & blue, and all.
So, best to just go ski and let it play out.
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HighDesertDJ
Trad climber
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Topic Author's Reply - Jan 7, 2016 - 06:20am PT
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John posted In contrast, executive orders countermanding legislation (e.g. refusing to enforce immigration laws) threaten the balance of power between branches of government.
You're oversimplifying and ignoring how things actually work. Resources for the executive branch are limited and Presidents all the way back to Washington have had to make decisions on what to prioritize. All Obama did was prioritize the prosecution/deportation of certain types of cases over others. Meanwhile, he has deported people at a faster rate than any other President in history and net illegal immigration is down.
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Studly
Trad climber
WA
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Michael Burry, quoted earlier, what a dumbass. Oh sure, the banking and the lending and the housing collapse was the fault of the borrowers, according to him. We need to take responsibility, it's not the bankers fault. F that guy.
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HighDesertDJ
Trad climber
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Topic Author's Reply - Jan 7, 2016 - 06:55am PT
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Dingus posted No what he meant is that President Obama has issued more exec orders that he didn't like, than President Bush.
Yes, that's what I was getting at.
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HighDesertDJ
Trad climber
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Topic Author's Reply - Jan 7, 2016 - 07:07am PT
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This was reported a while back but is worth bringing up again. Colorado treated teen pregnancy like a public health problem, started handing out free birth control like we've been trying to do since at least the AIDS crisis and something super predictable happened: teen abortions dropped by 42%. Ironically, Planned Parenthood provides gobs of cheap or free birth control throughout the country (thus preventing millions of abortions) and somehow still gets stigmatized as an "abortion mill."
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Larry Nelson
Social climber
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Studly,
You may have misinterpreted the message Burry was conveying if you only read the quote I posted and didn't go to the link.
http://nymag.com/daily/intelligencer/2015/12/big-short-genius-says-another-crisis-is-coming.html
Another quote from the link.
As for punishment of those responsible, borrowers were punished for their overindulgences — they lost homes and lives. Let’s not forget that. But the executives at the lenders simply got rich.
I am shocked that executives at some of the worst lenders were not punished for what they did. But this is the nature of these things. The ones running the machine did not get punished after the dot-com bubble either — all those VCs and dot-com executives still live in their mansions lining the 280 corridor on the San Francisco peninsula. The little guy will pay for it — the small investor, the borrower. Which is why the little guy needs to be warned to be more diligent and to be more suspicious of society’s sanctioned suits offering free money. It will always be seductive, but that’s the devil that wants your soul.
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Ken M
Mountain climber
Los Angeles, Ca
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WaPost:
John McCain proved the power of revenge on Wednesday night when asked about his longtime nemesis Ted Cruz's eligibility to be president, despite being born in Canada.
“I don’t know the answer to that,” McCain said on the "Chris Merrill Show" on Wednesday. “I know it came up in my race because I was born in Panama, but I was born in the Canal Zone, which is a territory. Barry Goldwater was born in Arizona when it was a territory when he ran in 1964."
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Ken M
Mountain climber
Los Angeles, Ca
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The GOP’s sympathy for sedition
Republican lawmakers began the new year in Washington with new ideas about how to undermine the government in which they serve.
On Wednesday, the first legislative day of the year, House conservatives gathered with reporters for their monthly “Conversations with Conservatives.” When the questioning turned to the armed rebellion in Oregon against the authority of the federal government, these representatives of the United States stood with the rebels.
“And I think civil disobedience has been something for the most part that the liberal media used to stand up for, but apparently there’s some exceptions to that when us conservatives and pro-Second Amendment people are trying to exercise that same right of civil disobedience. So it’s pretty frustrating.”
No, Congressman. Civil disobedience is when people break laws they think unjust and then peacefully face the legal consequences. The takeover of a federal wildlife facility in Oregon by armed men is sedition.
But it’s hard to govern when your caucus is so hostile to government that it has sympathy for seditionists. Asked about the Oregon situation, Ryan deferred to Rep. Greg Walden, a member of GOP leadership who represents the area — and, as The Post’s Mike DeBonis noted, Ryan nodded agreement as Walden spoke.
Walden made clear that “an armed takeover is not the way to go about it,” but he had sympathy for the rebels. “These people just want to take care of the environment — they really do,” he said. “And it is the government that all too often ignores the law.”
Such as: when lawmakers sworn to uphold the Constitution applaud those who take up arms against the government.
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HighDesertDJ
Trad climber
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Topic Author's Reply - Jan 7, 2016 - 10:51am PT
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A good column from Charles Blow about the racial history of gun control in America.
Here he quotes from Adam Winkler's book Gun Fight.
“The KKK began as a gun-control organization. Before the Civil War, blacks were never allowed to own guns. During the Civil War, blacks kept guns for the first time — either they served in the Union army and they were allowed to keep their guns, or they buy guns on the open market where for the first time there’s hundreds of thousands of guns flooding the marketplace after the war ends. So they arm up because they know who they’re dealing with in the South. White racists do things like pass laws to disarm them, but that’s not really going to work. So they form these racist posses all over the South to go out at night in large groups to terrorize blacks and take those guns away. If blacks were disarmed, they couldn’t fight back.”
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HighDesertDJ
Trad climber
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Topic Author's Reply - Jan 7, 2016 - 01:09pm PT
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Who needs a $2,700 donation when honkies be dropping $10 million checks?
WASHINGTON—Maurice R. “Hank” Greenberg, who built American International Group Inc. into a world-wide financial powerhouse before its controversial government bailout, has donated $10 million to the super PAC backing Republican presidential candidate Jeb Bush, making him one of the largest contributors in the 2016 race.
Mr. Greenberg joins the ranks of a handful of supersize donors. A group of super PACs backing Texas Sen. Ted Cruz has collected some of the largest checks of the election from donors including the Wilks family of fracking billionaires ($15 million), hedge-fund manager Robert Mercer ($11 million) and private equity-fund founder Toby Neugebauer ($10 million).
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