Here’s what happens in the real world. During a recession people lose their jobs and the number of people needing to go on food stamps rises. Then the economy recovers and the number of people on food stamps declines. It’s really that simple. The recession that Obama said he inherited from Bush officially ended in December 2009. Obama has touted his recovery. The number of people on foodstamps in December 2009 totaled 39 million. As of September 2012, almost three years into this supposed recovery, the number of people on foodstamps is 47.7 million. This is a 22% increase since the “recovery” began.
There are 315 million people in the U.S. and 15% of them are in the food stamp program. There are 116 million households in the U.S. and 23 million of them are in the food stamp program. That is 20% of all the households in the country. This program is costing the American taxpayer $75 billion per year. The year before Obama took office, there were 28 million Americans in the program and it was costing you $35 billion. Do these numbers reflect the economic recovery that Obama and the MSM have been touting for three years?
Aggregating foodstamp, disability and nonfarm payrolls data shows that since the start of the Depression in December 2007, 21.8 million Americans have shifted more or less permanently to the entitlement line, even as the US still has to generate 4.4 million jobs just to break even. The recent trends are even more horrific. You won’t see this data on MSNBC:
- According to the BLS, 1.3 million Americans got jobs between January and September of this year.
- According to the BLS, 1.0 million Americans left the workforce between January and September of this year.
- Between January and September of this year, 1.3 million Americans went on food stamps.
- There were 144.4 Americans employed in 2006. Today there are 143.3 million Americans employed, even though the working age population is 15.4 million higher. Over this same timeframe, 21 million more Americans have gone on foodstamps.
The reason for this increase is that the real people in the real world have never left recession. All of the actions taken since 2008 have been designed to help Wall Street bankers and the cronies of the puppet politicians in Washington DC. They don’t give a crap about you. The zero percent interest rates have pushed senior citizens onto the food stamp rolls because they can’t earn interest on their savings. We should hit the magical 50 million level on food stamps by year end. Another feather in Obama’s cap.
| SUPPLEMENTAL NUTRITION ASSISTANCE PROGRAM | |||||
| ( Data as of December 7, 2012) | |||||
| Fiscal | PARTICIPATION | BENEFIT | AVERAGE MONTHLY BENEFIT | ||
| Year | Persons | Households | COSTS | Per Person | Per Household |
| ANNUAL SUMMARY | |||||
| FY 2012 | 46,609,075 | 22,329,717 | 74,621,403,189 | 133.42 | 278.48 |
| FY 2011 | 44,708,726 | 21,072,113 | 71,810,991,227 | 133.85 | 283.99 |
| FY 2010 | 40,301,878 | 18,618,436 | 64,702,164,628 | 133.79 | 289.60 |
| FY 2009 | 33,489,975 | 15,232,115 | 50,359,918,853 | 125.31 | 275.51 |
| MONTHLY DATA | |||||
| FY 2009 | |||||
| Oct 2008 | 30,841,790 | 13,900,815 | 3,697,627,592 | 119.89 | 266.00 |
| Nov 2008 | 30,884,729 | 13,963,078 | 3,561,221,137 | 115.31 | 255.05 |
| Dec 2008 | 31,567,037 | 14,284,026 | 3,648,865,577 | 115.59 | 255.45 |
| Jan 2009 | 31,983,716 | 14,499,693 | 3,633,188,682 | 113.60 | 250.57 |
| Feb 2009 | 32,332,622 | 14,677,736 | 3,703,673,185 | 114.55 | 252.33 |
| Mar 2009 | 32,928,433 | 14,982,155 | 3,776,012,112 | 114.67 | 252.03 |
| Apr 2009 | 33,524,074 | 15,269,505 | 4,499,420,746 | 134.21 | 294.67 |
| May 2009 | 34,171,518 | 15,578,702 | 4,596,287,457 | 134.51 | 295.04 |
| Jun 2009 | 34,882,031 | 15,916,305 | 4,675,153,673 | 134.03 | 293.73 |
| Jul 2009 | 35,602,939 | 16,259,749 | 4,779,583,794 | 134.25 | 293.95 |
| Aug 2009 | 36,241,857 | 16,560,753 | 4,851,584,542 | 133.87 | 292.96 |
| Sep 2009 | 36,918,948 | 16,892,857 | 4,937,300,356 | 133.73 | 292.27 |
| FY 2010 | |||||
| Oct 2009 | 37,672,818 | 17,253,466 | 5,070,583,056 | 134.60 | 293.89 |
| Nov 2009 | 38,184,306 | 17,516,954 | 5,106,886,589 | 133.74 | 291.54 |
| Dec 2009 | 38,979,289 | 17,886,438 | 5,244,713,066 | 134.55 | 293.22 |
| Jan 2010 | 39,431,128 | 18,118,005 | 5,253,774,954 | 133.24 | 289.98 |
| Feb 2010 | 39,588,993 | 18,242,903 | 5,287,652,083 | 133.56 | 289.85 |
| Mar 2010 | 40,120,254 | 18,532,065 | 5,375,533,793 | 133.99 | 290.07 |
| Apr 2010 | 40,430,679 | 18,696,485 | 5,390,207,990 | 133.32 | 288.30 |
| May 2010 | 40,801,591 | 18,894,549 | 5,450,094,171 | 133.58 | 288.45 |
| Jun 2010 | 41,275,687 | 19,143,572 | 5,503,601,938 | 133.34 | 287.49 |
| Jul 2010 | 41,836,469 | 19,435,457 | 5,601,056,282 | 133.88 | 288.19 |
| Aug 2010 | 42,389,926 | 19,721,947 | 5,677,055,577 | 133.92 | 287.85 |
| Sep 2010 | 42,911,396 | 19,979,385 | 5,741,005,129 | 133.79 | 287.35 |
| FY 2011 | |||||
| Oct 2010 | 43,201,052 | 20,183,177 | 5,778,329,641 | 133.75 | 286.29 |
| Nov 2010 | 43,596,084 | 20,404,895 | 5,810,541,635 | 133.28 | 284.76 |
| Dec 2010 | 44,082,361 | 20,668,184 | 5,889,455,566 | 133.60 | 284.95 |
| Jan 2011 | 44,187,874 | 20,748,799 | 5,868,238,587 | 132.80 | 282.82 |
| Feb 2011 | 44,199,479 | 20,791,408 | 5,889,071,901 | 133.24 | 283.25 |
| Mar 2011 | 44,587,275 | 21,045,909 | 5,983,748,199 | 134.20 | 284.32 |
| Apr 2011 | 44,647,781 | 21,071,176 | 5,949,614,728 | 133.26 | 282.36 |
| May 2011 | 45,410,683 | 21,435,915 | 6,121,256,333 | 134.80 | 285.56 |
| Jun 2011 | 45,183,927 | 21,394,401 | 6,039,197,177 | 133.66 | 282.28 |
| Jul 2011 | 45,345,473 | 21,458,822 | 6,087,627,943 | 134.25 | 283.69 |
| Aug 2011 | 45,794,474 | 21,723,850 | 6,130,823,077 | 133.88 | 282.22 |
| Sep 2011 | 46,268,250 | 21,938,820 | 6,263,086,440 | 135.36 | 285.48 |
| FY 2012 | |||||
| *Oct 2011 | 46,236,164 | 21,973,808 | 6,235,038,754 | 134.85 | 283.75 |
| *Nov 2011 | 46,286,314 | 22,027,321 | 6,208,417,106 | 134.13 | 281.85 |
| Dec 2011 | 46,514,155 | 22,162,774 | 6,218,208,151 | 133.68 | 280.57 |
| Jan 2012 | 46,449,737 | 22,188,732 | 6,151,537,395 | 132.43 | 277.24 |
| *Feb 2012 | 46,326,287 | 22,155,432 | 6,160,427,746 | 132.98 | 278.06 |
| *Mar 2012 | 46,405,224 | 22,257,668 | 6,181,123,024 | 133.20 | 277.71 |
| Apr 2012 | 46,274,631 | 22,212,770 | 6,126,437,777 | 132.39 | 275.81 |
| May 2012 | 46,496,761 | 22,335,926 | 6,180,824,060 | 132.93 | 276.72 |
| Jun 2012 | 46,670,301 | 22,442,179 | 6,204,187,508 | 132.94 | 276.45 |
| *Jul 2012 | 46,836,236 | 22,541,831 | 6,264,292,890 | 133.75 | 277.90 |
| Aug 2012 | 47,102,765 | 22,684,463 | 6,283,884,567 | 133.41 | 277.01 |
| *Sep 2012 | 47,710,324 | 22,973,698 | 6,407,024,211 | 134.29 | 278.89 |
| “*” Includes disaster assistance which is notated for current fiscal year only. Prior fiscal years may also include disaster assistance | |||||
| Link to: | SNAP Disaster Response | ||||
| FY 2012 data are preliminary; all data are subject to revision. | |||||
Sunnysideup says:
Hidden due to low comment rating. Click here to see.
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11th December 2012 at 12:13 am
Sunnysideup says:
OK, guess that shows how proficient I am with this stuff. At any rate, does anyone really think the number of people on foodstamps would actually go down if Romney had been elected? Does anyone think the number wouldn’t be right where it is today if Little Bush had engineered himself a third term? Is there anyone left with legitimate critical thinking skills who thinks it matters one iota who is in the White House, or what party they represent? Full disclosure (since I’m new): In 2008, I somewhat tentatively voted for Obama and desperately tried to buy in to what he was spewing based on hoping I was still in possession of my last shred of innocence, or maybe just based on how good he was at what he REALLY does (that would be the purveying of Snake Oil) – coming off Little Bush, I don’t feel that bad about having succumbed to that vulnerability. The fact is that we were already just about as far gone as we are now, I just didn’t realize it. The truth is, I even felt like Obama was the better choice than Romney this time around too, but I didn’t vote for him – I voted for Johnson, despite the futility of that waste of 15 minutes (I also voted for Tyler Durden for County Judge and MAGIC Johnson for Assemblyman – I’m learning). The reason for that is that the ObamaBuzz wore off real early in Term 1, and it became clear to me somewhere in 2009 that it wasn’t going to really matter who the President of this once great country was until we go through some pretty significant changes that go way beyond any of this partisan garbage. So back to the main point of the comment (and I recognize I will probably be vilified for TMI, but I thought it would make sense for people to know where I’m coming from): The problems we face as a nation go far beyond Party, ideology, partisan momentum or leverage in Washington, or anything of the sort. The Party in power spends money it doesn’t have to get the votes it needs to hold onto that power, and the Party trying to get the power back crucifies the Party in power for doing that. Then the worm turns, and the Party that was trying to get the power back sets about spending money THEY don’t have same way the last guys did. This is done because none of these power-hungry narcissistic sociopathic cockhounds give a rat’s ass about anything other than being reelected, and they all know that to do anything other than to perpetuate the Tyranny Of The Majority (in deed once they’re in, regardless of their words before they got there), is to doom them to one-term land. You can say all you want about “Tax and Spend” vs. “Small Government/Trickle Down” blah blah, but the bottom line is that real wages, the number of actual jobs available for people to do that could legitimately provide a reasonable existence for their families, and ultimately, the value of a dollar, have all been dropping in this country for decades, for reasons far beyond the little brains of the guys we send to Washington (you know, it’s that big old Ponzi scheme being effected by the guys back there in the shadows pulling the strings of those small-minded lapdogs), and it just DOESN’T FUCKING MATTER. If Romney had won (or more importantly for these purposes, had McCain won in 2008), he would be doing nothing other than putting a little different shade of lipstick on this pig and letting it run. The fact is that we are running out of rope (read: borrowing capacity, or if you like, the wealth of future generations), to hang ourselves with as a result of the same old thing that has happened in only each and every other debt based fiat currency system in the history of the Human Race, and the burning of even one single brain cell thinking that the guy in there now is making it worse, or the guy that coulda been in there woulda been better, is a waste of some seriously scarce resources. Take it for what it’s worth, and thanks for listening…
One other note: I have no doubt whatsoever that those neighborhoods in Philly I read about are just as bad as they are advertised to be, and I also have no doubt that maybe they didn’t have to be so bad if things had gone differently decades and generations ago, but we’re where we are now, and as we move forward all I can suggest is perhaps a different route to work. Romney wasn’t going to change that outcome. I guess that’s another way of saying I appreciate the guy that seems to be driving this bus…
Hot debate. What do you think?
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11th December 2012 at 12:46 am
Sunnysideup says:
Hidden due to low comment rating. Click here to see.
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11th December 2012 at 12:47 am
Llpoh says:
Sunnyside – no one will read all of that because you do not know how to use paragraphs. Once you get the hang of that, I will read and critique appropriately.
The fact you voted for Obama once, and considered it again, makes you two times a moron. I did read that much.
Kudos for voting for Johnson.
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11th December 2012 at 3:19 am
Yojimbo says:
Sunnysideup
You may have been reading this site for months, but you obviously haven’t been reading for comprehension.
1. Yes, “blaming” someone is important if that person is the President, and is openly lying to the public.
2. No, we would not be in a very different position if Romney had been elected.
3. This post was not “politicized” – that implies favoring one party over another. This post was something with which you may not be familiar – it was “truthful”.
4. You need to learn how to write English in a concise, readable fashion.
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11th December 2012 at 5:21 am
Mr. Happy says:
“PS: Sunnysideup because I believe there are better days ahead…just not right away”
Guess what Sunnyside, you may just be right. The great Richard Russell on Monday just went positive on the housing market. Here’s what he said:
“I’ve noticed something unusual in the charts. Below is the S&P homebuilders ETF. It’s been rising all during 2012, and now it’s in a “broadening formation.” If this formation breaks out on the upside, we could see a powerful move to the north.”
“I note a H&S bottom breaking out to the upside and above both moving averages. MACD is strongly bullish as is RSI”
Me again. When everyone…and I mean everyone like now thinks the world is coming to an end that’s the time to step in and take a position. It’s the hardest thing to do in trading but unless you conquer the natural tendency to follow the crowd,you’ll only lose money. The charts I do on the big indexes are all edging towards bullishness and if I can figure out how to copy them I’ll attach later on. I want to see a clear breakthrough to the upside on those charts before I step in…..but be assured, we may indeed be looking at better days.
Now with that and as a further introduction for you to TBP, watch how everyone trys to beat the shit out of me for suggesting that housing is on the recovery. But that’s why I love it here. .
Hot debate. What do you think?
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11th December 2012 at 5:39 am
Stan says:
Sunny side up sucks cock.
STFU!
Hot debate. What do you think?
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11th December 2012 at 6:12 am
printmemoney says:
Sunnyside- here’s how I summarize your post:
Tbp- partisan because they blame the foodstamp president for the explosion in foodstamps (btw, the admin of this site routinely blames Bush for starting two unnecessary wars ……became Bush started two unnecessary wars)
- but hey be nice to me, I voted for Gary Johnson….I’m one of you
- I appreciate the guy that seems to be driving the bus because Romney bad too(I guess you missed the references to obamney during your months of lurking)
-and last me name is Sunnyside because me think things get better
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11th December 2012 at 6:13 am
Tator says:
Sunnysideup says:
PS: Sunnysideup because I believe there are better days ahead…just not right away…
HAHAHAHAHA another person who received a Progressive education and thinks they are informed and smart.
Poor fool does not know history.
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11th December 2012 at 6:33 am
JIMSKI says:
http://www.amazon.com/Complete-Idiots-Guide-Writing-Well/dp/0028636945/ref=sr_1_fed0_2?s=books&ie=UTF8&qid=1355315754&sr=1-2&keywords=writing+for+dummies+books
There will be a test.
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11th December 2012 at 7:36 am
Administrator says:
Mr. Happy
The homebuilder index has more than doubled from its low and now you are going to buy?
Why didn’t your charts and Russel’s charts tell you to buy a year ago?
Russell went positive on the markets just before the crash. I was a subscriber to his newsletter and read it every day. He was SOOOO wrong. I stopped subscribing.
Toll Brothers just supposedly reported awesome results and their stock has fallen 20% in the last month and half.
Stick to the facts and not the hype.
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11th December 2012 at 7:49 am
Hollow man says:
Sunnyside up
Please feel free to send your part pf the US debt to the goverment.
Democrats are repubs on super steriods.
Good times are ahead as soon as the dollar becomes worthlees, the American peoplewake up and a revelution takes place. Will not be in our life time. Embrace the doom.
One more thing. Obama is a collectivist. He collects your shit and gives it to who he wants. That is what a bailout is. Be it a banker or a meth head who robs you for the next fix.
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11th December 2012 at 7:57 am
Hollow man says:
Sunyside up
So obama will be any different? Yea i understand who you voted for. Looks like a back door collectivist to me. Are you sure you vited ofr Johnson. Ciuse there is nothing good about what o nut job is or has done.
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11th December 2012 at 8:04 am
sangell says:
This is just proof that what Bernanke is selling is ineffective. Zirp, QE and soon, GDP targeting don’t produce real goods and services that employ people and boost incomes. They produce financial profits and government debt to support the transfer payments to a pauperized population. All Hail Obama and his 2% ersatz GDP growth rate.
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11th December 2012 at 8:21 am
Administrator says:
So now we will attract the crowd that will declare that Romney would be no better.
This is all the Obamanistas have in their arsenal.
Some facts folks. Obama has been President for the last four years. He will be President for the next four years. Romney hasn’t been in office and has nothing to do with what has occurred in the last four years.
I will continue to assess the performance of the man who is in office. I do not care whether it is a Republican or a Democrat. Everything I’ve written is factual. Only ideologues with storylines would proclaim my facts to be wrong.
If Mr. Sunnyside is optimistic about the future, I’d love to see his factual basis for this optimism.
Sound of crickets.
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11th December 2012 at 8:36 am
Administrator says:
Mr. Happy
You crack me up with your S&P Homebuilder Index brilliance. Here is a link to a three year chart of the S&P Homebuilder Index
http://www.bloomberg.com/quote/S5HOME:IND/chart/
The Index was under 200 in October 2011. This is when a contrarian would have stepped in and taken a position. The Index has gone up to 500 in 14 months, a 170% increase. And you are proclaiming that now is the time to jump in because you are a contrarian?
That is hysterical. Thanks for the laugh.
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11th December 2012 at 9:22 am
Sunnysideup says:
For clarity (and in an effort to combat those crickets):
I am not an Obamanista – Regardless of the fact that I thought he was the better choice in 08 (and was actually still buying in to the two party charade), I’m not sure the guy could have been much worse for the last four years with respect to what really matters (civil liberties, wasteful wars, free shit, etc…)
I did not ever consider voting for Obama this time – I am only one time a moron.
My apologies for suggesting the post I commented on was politicized – it was not (though I would respectfully suggest that a number of posts here are).
The idea that housing is improving, or will anytime on any visible time horizon, is a ridiculous joke.
As far as the factual basis for believing things will get better, the only fact I base that on is that we are still here despite all the economic and societal collapses the world has experienced through the course of the history I allegedly know nothing about. I never said anything about when (because I have no idea), or how painful it will be to get to those better days (because I fully expect it to be quite painful). Obviously, I don’t have to be right – we are in a stronger position to exterminate ourselves than we have ever been before as a species.
Oh yea…I do not suck cock…
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11th December 2012 at 9:42 am
Administrator says:
Sunnysideup
Anyone is free to make posts on this site, so some will support a particular political point of view. If you have been lurking, you would know that I also voted for Johnson and I have been a supporter of Ron Paul and his views on economics, foreign policy and domestic policy.
Obama will be receiving the brunt of my vitriol, because he is in charge.
I agree that we may get to better times after things get dramatically worse. But there are no guarantees. That is why this site exists – to wake people out of their stupor.
Keep commenting. Don’t let the shit throwing monkeys run you off.
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11th December 2012 at 9:56 am
M. Oleman says:
I have to give Sunny credit for taking criticism of his post so well. He did not respond with counter attacks just explained himself a little better and refuted the idea that he enjoys the male sexual organ. You have to admit that is a rare thing on the internet.
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11th December 2012 at 9:57 am
Stucky says:
I voted Thumbs Down on Sunnyside because he doesn’t use PARAGRAPHS. I know that makes me a shallow person.
But, seriously ….. Sunnyside, give us old fuckers a break … a paragraph break. My eyesight ain’t what it used to be (excessive chicken choking) and frankly, I didn’t even read your long screed cuz it looks like one long run-on sentence.
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11th December 2012 at 10:33 am
Stucky says:
“As far as the factual basis for believing things will get better, the only fact I base that on is that WE ARE STILL HERE …” ———– Sunnyside
Really? That’s all you got?
A person with inoperable cancer is “still here” for months, or even years. ‘Still-being-here’ is an extremely short timeframe point of view. The financial data all indicate this country has cancer …. just a matter of time until it dies.
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11th December 2012 at 10:47 am
ThePessimisticChemist says:
@Sunny – Please learn how to break up your paragraphs. Right now its making my eyes bleed just to skip past the drivel you bothered posting.
Also, had you bothered reading for comprehension’s sake you would have known the entire website was sharpening the tines of our pitchforks in anticipation of a Romney presidency.
We collectively think Washington is jammed with crooks and thieves, liars of the tallest order. The few paragons of honesty get driven out and crammed into the corner; called “crazy” these outcasts are our only real hope.
What am I saying. Our only real hope is that SOMEHOW the people as a whole become disenfranchised with our situation to do something about it.
1) Convince the FSA that its easier to work for a living than live off someone else’s work.
2) Convince the corporate elite/.001% that they are killing the cow for the milk.
Even getting those two impossible tasks accomplished would just be the start of things. A person would still have to bring the troops home (all of them), delete the IRS and tax code, repeal most of the work Congress has done over the last 200 years, implement trade tariffs and somehow manage to convince people to fuck more slowly because right now we are quickly out growing our capacity to support human life on this rock.
In short, we are well and truly fucked. You can look on the sunny side all you want, it won’t change the outcome a lick.
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5 
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11th December 2012 at 11:03 am
Stucky says:
Why Sunnyside is so optimistic.
[Mr. Potato Head watches hopefully as Andy open birthday presents]
Mr. Potato Head: —- “Mrs. Potato Head, Mrs. Potato Head… hey, I can dream, can’t I?”
I’d be optimistic too if I had a best pal named ‘Woody’.
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11th December 2012 at 11:22 am
card802 says:
Kudo’s to Admin for once again doing the math and proving the politicians and pundits completely incorrect, again. Obama recovery my ass, this is just as stupid as Bush claiming “Mission Accomplished.”
How do you stand yourself, being so damn smart.
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2 
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11th December 2012 at 11:44 am
Administrator says:
I stole most of the info from Zero Hedge and Karl Deninger. I owe it all to my ability to click on the BLS and SNAP website links.
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11th December 2012 at 11:52 am
sensetti says:
Optimism is dangerous thinking, prudent risk management is preferable.
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11th December 2012 at 12:01 pm
Mr. Happy says:
ADMIN…Thanks for the chart. Click the three or five year and it’s the formation at the top that RR is focused on. What you’ve got is a flag pole and instead of a bull flag forming sideways at the top, you’ve got a broadening formation that’s not as reliable as a bull flag. If you visualize an upper resistance line and that line is breached, it’s confirmation that this housing market will continue to gather strength. That’s basic chart trading.
Also, pointing out this formation doesn’t mean we’ve missed this market it just means that if the breach comes through then we can hang in with whatever positions we’ve got.
Let me put it this way: Would you recommend readers sell into this market’s firmness or should they buy it?? Your call.
Uncle Ben is pumping $40 plus billion into the market each month and that money has got to go somewhere and where better than property….plus gold and silver and equities. This is good news and the charts are reacting to it.
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11th December 2012 at 12:04 pm
Administrator says:
Mr. Happy
I personally think charting is bullshit when predicting markets. But that’s just my opinion.
Did Russell’s charts give him a buy signal just before the Crash? Yes or No?
Chart lovers always have an explanation after the fact for why their charts didn’t work.
Did you buy the homebuilder index in October 2011? If not, why didn’t your charts tell you to do so?
I don’t recommend what my readers should do. They can do anything the fuck they want to with their money.
The markets are a rigged game. If you believe those in power can rig the markets to go only higher, I think you should go all in. We all know leverage is a beautiful thing on the way up. I’m sure your handy dandy charts told you to sell in October 2007 and buy in March 2009. I always love those stories.
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1 
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11th December 2012 at 12:19 pm
Sunnysideup says:
Stucky: You’re scaring me with the idea that I really CAN go blind from it. I suspect I’m not that far behind you, at least based on that measurement, so point taken on spacing…
More importantly (maybe?), just because the country is dying, and must die, of its cancer, doesn’t mean you (and hopefully me), also have to in the process. My optimism is not pointed toward the USSA. Sad to say, but this thing coming apart needs to happen sooner rather than later so we can get on with it – you know better than me all the reasons why that’s true. Cheers…
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11th December 2012 at 1:10 pm
GreasedUpWillie says:
Wow, we are still doing the Obama vs. Romney thing? I would say that is like re-arranging deck chairs on the Titanic. But it is more like Capt Ben has steered us into the iceberg, we are sinking, and Obama wants to break up the lifeboats so everyone gets a small piece of one, and Romney wanted to try to build a raft out of the people in steerage (and was ultimately thrown overboard by them). But the most important thing to remember is that we are all going down…
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11th December 2012 at 1:39 pm
Administrator says:
Sunnysideup
Thank you.
You’ve got spunk. You’ll need it around here.
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11th December 2012 at 1:47 pm
Stucky says:
Sunnysideup
You are a good sport. goddamn …. you DO know how to make a paragraph break. Nice!
Personal optimism …….hmmmm …. that IS a good choice.
Lastly, scientists tell us there are two indiputable proofs to detect if one chokes the chicken too much. The first is if you have hair on your knuckles.
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11th December 2012 at 1:47 pm
intj says:
Perhaps a better direction for the wrath might be at the puppet masters who put all the LYING puppet politicians into place. Obama/Romney do what their told.
The de-industrialization of America was deliberate so I suspect the rise in food stamp usage is according to plan – dependent, semi-literate, highly distracted and marginally fed *unemployed* people are less likely to run riot and burn effigies – activities that might actually wake up the sheeple to some bigger issues.
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11th December 2012 at 2:18 pm
IndenturedServant says:
@Sunnysideup, I read your comment with difficulty considering yoy don’t know what a paragraph is.
Basically, it makes no fucking difference who gets elected at the Presidential level. In my mind, that shit is decided years in advance and TPTB only allow us to feel like we have some kind of control through the charade of voting. About the only place your vote *might* matter is at the local level.
To answer your question, no, it makes not one bit of difference who gets elected with respect to what is headed our way. I’m not sure how Bush II would have got a third term but if it had happened or if McCain had won, or if Romney would have won we would still be on the exact path we find ourselves on today.
This country, our democracy, our liberty and everything we hold dear was corrupted and co-opted in 1913. Read this post: http://www.theburningplatform.com/?p=45178 by our very own MuckAbout for a simple explanation of why.
You sound like you are a recent convert to the realities facing us all. Better late that never. Congratulations on finding this place though. You will likely be slapped around a bit here on TBP. Most are and it just comes with the territory. Don’t take it personal.
Oh yeah, click lots of ads on this site too! Admin is hoping to be the first person to retire on ad clicks alone. I think he’s collected $10 or more in the last couple of years so he is well on his way! Ten bucks will be more than he gets from social security anyway. If clicking ads is not your thing, you can send him pennies and nickels via snail mail too! Hell, be different and send him a bill for not posting a warning about the shit throwing monkeys.
I_S
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11th December 2012 at 3:20 pm
IndenturedServant says:
@Sunnysideup, I forgot to mention that better days are in fact ahead but there will be about 7300 worse ones before the better ones rear their heads again. Enjoy!
I_S
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11th December 2012 at 3:23 pm
Llpoh says:
Admin – did AWD leave? I personally believe that would be unfortunate. He has tried hard to carry the torch during times that was needed.
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11th December 2012 at 3:46 pm
Administrator says:
Llpoh
He hasn’t posted in a few days. I gave him a thrashing on the John Lennon thread. Maybe one of his Boomer patients sat on him during a proctology exam. That would be an ironic way for him to go.
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11th December 2012 at 3:56 pm
llpoh says:
Hope it is temporary. Admin, you do have a unique talent for pissing people off. If you could bottle it, you would get rich.
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11th December 2012 at 4:11 pm
Administrator says:
llpoh
I think my talent for pissing people off is what has kept me from getting rich. But, I am raking in $2 per day in click ad revenue.
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11th December 2012 at 4:12 pm
Novista says:
I’m not going to chance another Amazon order before Mayan Apocalypse Day.
Maybe that’s the day Mordor-on-the-Potomac subsides into the earth like a Sunnydale hellmouth.
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11th December 2012 at 8:36 pm
Mr. Happy says:
ADMIN…you may have abandoned Richard Russel and that’s fine and he has for sure gone through sticky patches. But there seems to be some rejuvination since he dumped his wife and he has a huge and loyal following. That said, you can be assure that every pro trader worth his/her salt is looking at that XHB chart now that he has focused on it. Actually they’ed be looking at it anyway because of the ‘megaphone’ formation but RR’s highlighting of it will have really focused the market. My bet is that it will break out to the north.
Now I suggest we think on this….if that does happen and traders get this further confirmation that there is a solid base building in the housing market, that will boom the equity markets and it will all turn on that one chart, XHB. That’s why charts are not bull shit and if you try to trade these markets without them you’ll get hammered for sure.
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11th December 2012 at 3:15 am
Administrator says:
Mr. Happy
I worked at Toll Brothers at the peak of the housing market. Their stock price is where it was in 2006. In 2006 they had a backlog of 8,500 houses at an average price of $700,000. That equates to $6 billion in annual sales. Today they have a backlog of 2,600 homes at an average price of $600,000. That equates to annual sales of $1.7 billion. Their business is 70% below their peak and their stock price is the same as it was at the peak.
I live in the real world of facts. Charts are swell. Did your charts predict a 60% crash in the S&P 500?
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11th December 2012 at 8:07 am
Mr. Happy says:
ADMIN. Ok, final comment from me and appreciate your time and follow ups.
I think we’re going divergent because I’m talking only about indexes and mainly I trade the FTSE…great volatility for charting. Do I think the market will crack by 60%? You bet, there’s every possibility and I include the maximum chart on the S&P to support that possibility…but in the meantime I trade with reduced positions…like 25% or 30%. If what the chart indicates does kick in then I’ll get hammered but only on25%. If I’m wrong and the Head and Shoulders doesn’t kick in then at least I’ve got some skin on the table. In the meantime these are super dangerous markets …but great fun.
Check this out: http://uk.finance.yahoo.com/echarts?s=%5EGSPC#symbol=^gspc;range=my;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
I call this the Mother of All Head and Shoulders. The neckline comes in at just below 800. If that is breached this market is going below 200 by measurement. Yep, that’s right…below 200. The formation is also a triple top but as a Head and Shoulders it is the most dangerous of all formation.
For the formation to kick in, it has to go decisively below 700/ 800 or so and that in itself is one big fucking crash but only the start of a massive collapse.
But now we’ve got some good news supporting housing….OK, we hang in trading 25% positions but always aware that this potential disaster is sitting there waiting to pounce…when.. who knows but it could be soon by the shape of it or it may not happen at all. But if it does start to kick in (and I use five year charts to track that but I won’t get into that here) then God help us all.
Super fun and thankis
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11th December 2012 at 12:55 pm
Administrator says:
Mr Happy
You’re impossible to piss off. I hate that.
I’ve tried to goad you into a fight for two days and you refuse to take the bait.
Just let me know when your chart says to run for the hills.
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11th December 2012 at 1:02 pm
Stucky says:
Admin
Of course you can’t piss him off. Why else do you think he selected as his name, Mr. Happy. (And you thought it had something to do with his weenie! lol)
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11th December 2012 at 1:13 pm
Mr. Happy says:
ADMIN. will do on the alert and I’ll do my best to avoid being boring cause charts can be super boring unless you’ve got skin on the table. You can’t piss me off cause I’m right. And Stucky, your right on the name.
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11th December 2012 at 3:14 pm