Investors Who Bought In Pre-Sales Are Finding The Units Are Worth Less Than They Paid
A report from the Wall Street Journal. “It is getting more costly to be in a homeowner’s association or condo. Dues are rising faster than inflation for many of the roughly 76 million residents of communities that keep shared pots to pay for expenses. ‘Buyers are spending much of their monthly payment on things other than the property itself,’ said Joel Berner, senior economist at Realtor.com. Judy Goldstein said her $12,500-a-year HOA dues are another expense to worry about for the upkeep of her roughly 1,800-square-foot, three-bedroom house in Boynton Beach, Fla. Real-estate agents have told her that her dues are high for the area and have deterred some buyers. Goldstein, 82 years old, is hoping to be able to sell before she also has to pay a coming special assessment: about $780 to fund a pickleball court that she has no intention of using. ‘It’s all too much,’ she said.”
“In some parts of Washington state, including the Seattle area, homeowners association dues have more than doubled over the last year on average, according to Realtor.com. Condo association dues are up 6% nationwide this year versus last, and as much as 15% in parts of Florida, according to Redfin. They are generally mandatory and not negotiable. HOAs may foreclose on owners for unpaid dues, which can result in the loss of an owner’s home, said Pierre Debbas, a real estate lawyer in New York City. Associations are meant to help homeowners financially by ensuring property values in their neighborhood don’t go down, said Rick Sharga, CEO of CJ Patrick, a real estate consulting firm. The evidence is mixed on whether HOAs actually support property values. Residents and property managers alike say that a community that never raises dues could fall into disrepair.”
The Denver Post. “‘Insurance providers en masse have decided that if the roof is more than 10 years old we won’t insure it,’ said Matt Metcalf, a managing broker at Mile High Home Pro, which is both a real estate and mortgage brokerage. In the past, the age of a roof usually didn’t become an issue until it topped 20 years. And if there was damage on younger roofs, insurers were willing to accept a repair instead of a full replacement, Metcalf said. But Metcalf has had two recent transactions where the roof had to unexpectedly be replaced, requiring some tough negotiations between the two sides to resolve the issue. Who pays for a replacement roof often comes down to who has more bargaining power, and the inability to obtain insurance coverage has the potential to kill deals, agents report. ‘I have gotten much more aggressive when writing offers,’ Metcalf said. ‘Ask the age of the roof before you write the offer.'”
“‘A lot of homeowners can’t come out of pocket with $8,000 to $10,000 plus their deductible. And this is after they have been paying insurance premiums the whole time,’ said Dustin Pitney, owner of Sky Manor Roofing & Exteriors in Thornton and a board member of the Denver Metro Association of Realtors. What if the buyer wants to go with impact-resistant shingles as the insurance industry advises, seeing it as a way to head off problems in the future? Metcalf said one compromise is to have the seller pay for the standard roof replacement while the buyer pays for the upgraded shingles. That adds another level of haggling to a home sale, which already has plenty. Getting a roof inspection is something that should be done before listing a home, Pitney advises. For starters, if a potential buyer can’t find coverage because of pre-existing damage, it could block a sale, wasting time in a market that continues to shift in favor of buyers.”
From Fortune. “President-elect Donald Trump drew more support from a broad range of voters in the 2024 election compared to 2020, and you can add Americans stuck in tough housing markets to the list. An NBC News analysis of housing and voting data show that the counties where it’s most difficult to buy a home saw the biggest shifts toward Trump. The top 20% with the toughest housing markets saw a 4.2-point shift to the Republican side. That outpaced the nationwide median, which showed a 3.1-point tilt to Trump, according to NBC. ‘Housing prices are a big part of the inflation story, especially the most persistent and severe parts of the inflation story,’ Bernard Fraga, an Emory University professor specializing in voter turnout, told NBC. ‘So you can’t separate out the price of housing from voters’ general concerns about the state of the economy.'”
“Early in the 2024 election season, housing had emerged as a major issue. According to a Redfin-commissioned survey released in March, more than half of homeowners and renters said housing affordability was influencing their vote. And almost two-thirds of homeowners and renters said housing affordability made them feel negatively about the economy. Housing will likely be top of mind as Democrats engage in post-election autopsies and where they need to improve.”
From NBC News. “America’s housing crisis isn’t just reshaping where Americans live — experts say it’s reshaping how some vote. Many of the counties that swung most dramatically toward Donald Trump on Election Day were also among America’s toughest housing markets, according to an analysis of election returns. And it wasn’t just Republican counties voting even more strongly for Republicans. Multiple battleground states — Arizona, Georgia, North Carolina and Pennsylvania — were home to dozens of these struggling markets. ‘This was economics,’ said Robert Shapiro, a political science professor at Columbia University, who added that the financial challenges Americans face could have cost Democrats the election. ‘Voters were feeling economic hardship to an extent that was not fully appreciated by the Democrats, by the administration — the Harris campaign picked up on it, but it was too little, too late,’ Shapiro said. ‘And the price of housing figures into this heavily.'”
KUTV in Utah. “Three cities in Davis County all say no to either homeless shelters or Code Blue warming shelters. Sen. Todd Weiler said there needs to be decisive leadership from Davis County, and the county needs to propose a logical site. ‘It’s been a little bit of a political hot potato,’ said Weiler. Weiler is referring to Davis County and three cities there — North Salt Lake, Fruit Heights and Kaysville — that have said no to proposed homeless shelters and warming centers in their neighborhoods. ‘I’ve talked to some of the mayors, and it seems like there’s a lot of finger-pointing going on around. Nobody wants to, I think, get the wrath of their voters if it ends up in their neighborhood,’ Weiler said.”
ABC 7 in California. “The city of Irvine’s plan to buy two properties on Armstrong Avenue was halted at the last minute in a 3-2 vote by council members earlier this week. ‘It hadn’t been seen by the planning commission. It hadn’t been seen by our finance commission. It hadn’t been seen by our transportation commission,’ council member Michael Carroll said. ‘And most importantly, it had not been seen by the actual residents living right next to this potential facility.’ The Council voted last month in favor of acquiring the buildings for nearly $20 million. Their goal would have been to use the facilities as part of a bridge housing project to address homelessness. However, on Tuesday many people who live near the properties said that decision lacked transparency. ‘Here, they skipped the entire process. They went into voting, securing the real estate piece with a two week closing of escrow transaction,’ Andrea Serrano said.”
“Many of them showed up to an emergency meeting to voice their frustrations but left relieved with the Council’s narrow decision to not move forward with the purchase. ‘I’m extremely happy with the way the vote turned out, and it’s super relieving for us as a community because we are a community built around family, built around business, so I just don’t think this is the place for a shelter like that,’ Maverick Young, an 18-year-old Irvine resident said. Residents are happy their input was taken in consideration. ‘In this case we learned how to speak up,’ Chan Tran said. ‘We learned how to mobilize, and we learned that our voices really matter.'”
From CNN. “Much of the U.S. federal workforce is on edge and bracing itself for the likelihood its ranks will be purged when President-elect Donald Trump takes office. Trump, who has derided civil servants as agents of the ‘deep state,’ promised on the campaign trail to reinstate a 2020 executive order known as Schedule F, giving him the power to commence mass firings of nonpartisan federal employees who might spoil Trump’s partisan plans. ‘I would say there is a general feeling of dread among everyone,’ one Energy Department employee told CNN.”
“Out of the more than 2 million federal employees working in the US and abroad, Schedule F could have a profound impact on the DC-Maryland-Virginia metro area, where nearly 449,000 federal workers live, according to a 2024 report. The District of Columbia itself has the largest individual chunk of federal workers in any state or territory, with more than 162,000. Some federal workers and their unions are also warily eying Trump’s proposal for a government efficiency commission that would be headed by billionaire Elon Musk, who has pushed for such a task force and promised it could slash $2 trillion in government spending. Other former Trump officials have suggested entire federal offices should be slashed in addition to individuals being fired. ‘If there are offices currently in operation that don’t meaningfully contribute to agency missions’ under Trump, ‘those need to go,’ said Mandy Gunasekara, the former EPA chief of staff.”
Bisnow on Georgia. “Atlanta’s hotel market has faced headwinds in 2024 so far, but those have been blowing at a gale force for hoteliers in Central Perimeter. ‘All the hotels are empty. The mall is empty,’ Hunter Hotel Advisors CEO Teague Hunter said onstage at the Grand Hyatt Buckhead. ‘Everything’s empty.’ State Farm, the district’s largest employer with 5,000 workers, switched to a hybrid work model in 2021. It leases a three-building office campus overlooking Interstate 285, and its employee’s infrequent presence at the campus has hammered not only Central Perimeter hotel performance but sales prices as well, Hunter said.”
“‘You can all see and touch and feel a giant billion-dollar new office building. It’s empty. When are they coming back? Who knows?’ Hunter said. ‘I guess if you’re an insurance company, you don’t need people to come back.’ Legacy Ventures CEO David Marvin said performance at the Hyatt Regency Atlanta hotel — the $48M full-service hotel that is part of the Perimeter Summit office park — ‘tanked’ as well because of remote work. The impact on hotel performance is taking a bite out of values, too, Hunter said.”
“An affiliate of Starwood Capital Group paid $50M for the 275-room Le Méridien Atlanta Perimeter upscale hotel across from Perimeter Mall in Dunwoody before the pandemic, then marketed it for sale. Hunter said Starwood received offers for upwards of $58M but decided not to sell. Earlier this year, with a $30M Bank of America loan coming due, Starwood unloaded the hotel for $22M to Ohio-based Whitestone Cos. Le Méridien’s precipitous value decline is a common story in Central Perimeter, Hunter said.”
CBC News in Canada. “John Pasalis, a real estate broker in Toronto, says condo units shrunk in response to affordability concerns as smaller units are cheaper to buy. It was also a way for first-time home buyers to enter the market. But these condos — some as small as 300 square feet — attracted the attention of a different kind of buyer. ‘As investors started to make up a bigger share of the condominium market, they wanted more affordable units. They needed a lower down payment. So one way to make the units less expensive is just to make them smaller,’ said Pasalis, the head of Realosophy.”
“Investors bought the diminutive units in pre-sales, which allowed the developers to reach construction sooner, Pasalis said. He says about two thirds of all micro-condos in Toronto and Vancouver are owned by investors. But as interest rates spiked in recent years, the demand for these tiny condos began to shrink — and a lot of investors put them on the market. Now, thousands of units are up for sale. ‘The condo market basically has a record number of condominiums available for sale, and that’s been going on for the past two or three months — just about 11,000 units for sale, which is the highest for any month in any given year ever,’ Pasalis said. Pasalis says the investors who bought tiny condos in pre-sales are finding the units are worth less than they paid four or five years ago, and he thinks those prices won’t recover any time soon. ‘When they do the math on the rents, it just doesn’t make sense financially,’ Pasalis said.”
From Reuters. “German commercial property prices fell 4.7% in the third quarter from a year earlier but showed continued signs of stabilisation, the VDP banking association said on Monday, as the country’s real estate sector grapples with its worst crisis in decades. It is still too early to sound the all-clear, VDP said. Prices may move sideways in the coming quarters, and further setbacks are possible given a weak economy and geopolitical risks. ‘It’s still too early to talk about the start of a sustainable upturn in the real estate market,’ VDP’s Chief Executive Jens Tolckmitt said.”
From ABC News. “The latest data suggests a shift toward a buyers’ market in Canberra this spring, but only for those who can afford to put a deposit together. CoreLogic Australia’s head of research, Eliza Owen, said Canberra’s housing market could be described as ‘pretty slow and steady,’ but with a little more weakness in recent months. Ms Owen said there had been more sellers than buyers in spring, and part of that may have to do with some people waiting for interest rates to come down. ‘But I do think part of it is that just not as many people can participate in the housing market right now because prices are still very high,’ she said.”
“But Ms Owens said for the Canberrans who could afford to put a deposit together it was a buyers’ market. ‘Sales volumes are a little lower than what we would usually see, competition [is] a little less fierce, and more people [are] looking to sell,’ she said. ‘That’s why fundamentally prices are declining at the moment across Canberra; people are able to negotiate lower purchase prices, and ultimately that lowers the value of the housing market as well.’ She said house values were down about six per cent down from the peak in May 2022. ‘They’re still 30 per cent higher than what they were at the onset of the pandemic, but we’ve certainly seen more of a shift towards a buyers’ market this spring,’ she said.”
South China Morning Post. “‘We expect Hong Kong home prices to be up 5 per cent in 2025,’ said Praveen Choudhary, head of Hong Kong real estate research at Morgan Stanley. ‘This is significant since it would be the first annual price increase in the last five years, during which time property prices have corrected by roughly 25 per cent.’ Headwinds to a more forceful recovery in the city’s residential property sector include various risks posed by Donald Trump returning to the White House, as well as a nagging pool of unsold inventory that is hanging over the market.”
“Mark Leung, a Greater China property research analyst for UBS, said Trump-related downside risks include ‘a potential surge in the unemployment rate due to macro uncertainty, including US tariffs,’ adding that the outlook for interest rates will become more uncertain ‘if US inflation picks up.’ Home prices, however, have yet to bottom out. Prices for the city’s lived-in homes fell by about 1.7 per cent in September to their lowest level since August 2016, according to data from the Rating and Valuation Department on Tuesday. Prices have slumped 28 per cent since hitting an all-time high in 2021 and are down 7.5 per cent this year. Prices will remain soft through the first half of next year as developers continue to clear inventory, said Xavier Lee, an equity analyst at Morningstar.”
Realtors are liars.
‘An affiliate of Starwood Capital Group paid $50M for the 275-room Le Méridien Atlanta Perimeter upscale hotel across from Perimeter Mall in Dunwoody before the pandemic, then marketed it for sale. Hunter said Starwood received offers for upwards of $58M but decided not to sell. Earlier this year, with a $30M Bank of America loan coming due, Starwood unloaded the hotel for $22M to Ohio-based Whitestone Cos. Le Méridien’s precipitous value decline is a common story in Central Perimeter’
They got greedy and then gave it away.
“Starwood Capital is led by seasoned professionals who have successfully navigated all stages of the real estate investment cycle. The Firm’s executive committee has worked together for an average of 27 years, and possesses an average of 32 years of experience in the industry. We believe that our team collectively represents exceptional real estate talent.”
Glad I don’t have any capital exposure with these professionals.
Yeah really. If those are professionals, I’d hate to see what amateurs would have done.
‘It hadn’t been seen by the planning commission. It hadn’t been seen by our finance commission. It hadn’t been seen by our transportation commission,’ council member Michael Carroll said. ‘And most importantly, it had not been seen by the actual residents living right next to this potential facility’ The Council voted last month in favor of acquiring the buildings for nearly $20 million…‘Here, they skipped the entire process. They went into voting, securing the real estate piece with a two week closing of escrow transaction’
So why would they do a secret rush on this? Hoping to sneak it in before locals could stop it.
In these public acquisitions, someone usually stands to win big. Follow the money!
‘That adds another level of haggling to a home sale, which already has plenty…if a potential buyer can’t find coverage because of pre-existing damage, it could block a sale, wasting time in a market that continues to shift in favor of buyers’
Wa happened to my shortage Denver?
‘giving him the power to commence mass firings of nonpartisan federal employees who might spoil Trump’s partisan plans. ‘I would say there is a general feeling of dread among everyone’ one Energy Department employee told CNN’
Non-partisan my a$$. I bet you could fire 80-90% and no one would notice.
‘Out of the more than 2 million federal employees working in the US and abroad, Schedule F could have a profound impact on the DC-Maryland-Virginia metro area, where nearly 449,000 federal workers live, according to a 2024 report. The District of Columbia itself has the largest individual chunk of federal workers in any state or territory, with more than 162,000. Some federal workers and their unions are also warily eying Trump’s proposal for a government efficiency commission that would be headed by billionaire Elon Musk, who has pushed for such a task force and promised it could slash $2 trillion in government spending. Other former Trump officials have suggested entire federal offices should be slashed in addition to individuals being fired. ‘If there are offices currently in operation that don’t meaningfully contribute to agency missions’ under Trump, ‘those need to go’
That’s around 80% of the buildings in DC and surrounding areas.
“you could fire 80-90% and no one would notice”
It’s called the “Federal Five” for a reason.
Prez-elect Trump’s incoming Border Czar looks like a Good Fellow:
“. . now you’se can’t leave . . !!”
“Non-partisan my a$$. I bet you could fire 80-90% and no one would notice.”
\\
+1
– Elon cut at least 80% of Twitter twits before emancipating it and renaming it to X. There was a lot of dead wood and Progressives, but I repeat myself. Same percentage applies to .gov.
– The Rahn curve says that there’s an optimal size for .gov. I think it’s something like 15%-20% of GDP. Right now in 2024 .gov (spending) is 37%-40% of GDP. This is the non-productive public sector, the parasitic class, that’s supported by the productive private sector. WAY too large right now. A modest solution: 20% cut per year, yielding an 80% by the end of Trump’s 4 year term in office. That would mostly emasculate / castrate the Deep / Administrative State and save a ton of $ in the process. Problem solved. This would result in a modern day renaissance in America. Bring it on!
– Finally, make civil servant unions illegal, because they are. Unions apply to the private sector only. Make civil servants servants again! 😀
“…and renaming it to X.”
Like SpaceX, why it wasn’t christened TwitterX?
‘The condo market basically has a record number of condominiums available for sale, and that’s been going on for the past two or three months — just about 11,000 units for sale, which is the highest for any month in any given year ever,’ Pasalis said. Pasalis says the investors who bought tiny condos in pre-sales are finding the units are worth less than they paid four or five years ago’
So John, are you saying that all of the minor respiratory illness filthy lucre is gone and then some?
Sacré Bleu!
[This post is in no way related to housing and it is very long (but it is a fun read).]
No time to pull punches’: is a civil war on the horizon for the Democratic party?
Accusations and recriminations abound as Democrats try to figure out what went wrong after an electoral trouncing
https://www.theguardian.com/us-news/2024/nov/10/democrats-election-loss
Joe Biden stood before the American people, millions of whom were still reeling from the news of Donald Trump’s victory in the presidential race, and reassured them: “We’re going to be OK.”
In his first remarks since his vice-president and chosen successor, Kamala Harris, lost the presidential election, Biden delivered a pep talk from the White House Rose Garden on a sunny Thursday that clashed with Democrats’ black mood in the wake of their devastating electoral losses. Biden pledged a smooth transfer of power to Trump and expressed faith in the endurance of the American experiment.
“Setbacks are unavoidable, but giving up is unforgivable,” Biden said. “A defeat does not mean we are defeated. We lost this battle. The America of your dreams is calling for you to get back up. That’s the story of America for over 240 years and counting.”
‘A big cratering’: an expert on gen Z’s surprise votes – and young women’s growing support for Trump
The message severely clashed with the dire warnings that many Democrats, including Biden, have issued about the dangers of a second Trump term. They have predicted that Trump’s return to power would jeopardize the very foundation of American democracy. They assured voters that Trump would make good on his promise to deport millions of undocumented people. And they raised serious doubts about Trump’s pledge to veto a nationwide abortion ban.
Now as they stare down four more years of Trump’s presidency, Democrats must reckon with the reality that those warnings were for naught. Not only did Trump win the White House, but he is on track to win the popular vote, making him the first Republican to do so since 2004. Senate Republicans have regained their majority, and they appear confident in their chances of holding the House of Representatives, with several key races still too close to call on Friday morning.
The bleak outcome has left Democrats bereft, unmoored and furious when they previously thought this week would be the cause of joy and celebration. They are now heading into a brutal political wilderness with its current leaders tarnished by advanced age and a catastrophic defeat and a younger generation that is yet to fully emerge.
The party also faces a likely brutal civil war between its leftists and centrists over the best way forward – one that will be fought over the levers of power in the party at every level from the grassroots of all 50 US states to the crowded corridors of Congress in Washington.
The stark reality has left Democrats asking themselves the same question over and over again: how did we get here?
The hypotheses and accusations rose from whispers to shouts starting on Wednesday. Although a handful of Democrats suggested Harris should have done more to distance herself from Biden, few party members appeared to blame the nominee, who was credited with running the best possible campaign given her roughly 100-day window to close a considerable gap with Trump.
Some Democrats blamed Biden, who withdrew from the presidential race in July only after mounting pressure from his party after a disastrous debate performance against Trump. Jim Manley, who served as a senior adviser to the former Senate Democratic leader Harry Reid, said that Biden never should have run for re-election.
“This is no time to pull punches or be concerned about anyone’s feelings,” Manley told Politico. “He and his staff have done an enormous amount of damage to this country.”
In an even more damning indictment, Nancy Pelosi, the former House speaker who was applauded for her role in pressuring Biden to step aside, suggested the party should have held an open primary.
“Had the president gotten out sooner, there may have been other candidates in the race,” Pelosi told the New York Times on Thursday. “We live with what happened. And because the president endorsed Kamala Harris immediately, that really made it almost impossible to have a primary at that time. If it had been much earlier, it would have been different.”
A number of other senior Democratic aides complained to reporters – on background, without their names attached to the quotes – that Biden had put the party in a terrible position by not reckoning earlier with the widespread concerns over his age and unpopularity. (Biden would have been 86 at the end of his second term, while Trump will be 82 at the end of his.)
The White House pushed back against those gripes, framing Democrats’ losses in a much more global context. Incumbents have lost ground around the world in the past year, a trend that experts largely blame on the anger and disillusionment spurred by the coronavirus pandemic and the ensuing high inflation it caused.
The White House press secretary, Karine Jean-Pierre, cited this explanation during her press briefing on Thursday, while noting that Biden still believes he “made the right decision” in stepping aside.
“Despite all of the accomplishments that we were able to get done, there were global headwinds because of the Covid-19 pandemic,” Jean-Pierre said. “And it had a political toll on many incumbents, if you look at what happened in 2024 globally.”
Despite those headwinds, Democrats wonder if their communication strategy could have prevented Republicans’ triumph. Leaders of the party are now debating the role of new media and how dominant rightwing influencers, particularly in the so-called “manosphere”, helped propel Trump to victory.
Left-leaning Van Jones posited that Democrats had focused too much on traditional media at the expense of cultivating a leftwing media ecosystem, saying in a Substack Live chat: “We built the wrong machine.”
Or perhaps Democrats’ failure to connect with the concerns of working-class voters cost them the White House, as progressives such as Senator Bernie Sanders argued.
“It should come as no great surprise that a Democratic party which has abandoned working-class people would find that the working class has abandoned them,” Sanders said in his post-election statement. “In the coming weeks and months those of us concerned about grassroots democracy and economic justice need to have some very serious political discussions.”
But who will lead those discussions? Biden will be 82 when he leaves the White House in January. Chuck Schumer, the Senate Democratic leader who has now been demoted to minority leader, is 73. Pelosi is 84. Sanders, who won re-election on Tuesday, will be 89 by the time his new term ends.
The party must now look to a new generation of leaders, a pivot that many argue should have come earlier. Hakeem Jeffries, the House Democratic leader who still holds out a distant hope of becoming speaker in January if his party can win a majority, might lead the way. Progressive Democrats will probably be looking to popular lawmakers like congresswoman Alexandria Ocasio-Cortez to shape the party’s future. Other rank-and-file members have pointed to Gavin Newsom, the California governor who is already trying to “Trump-proof” his state, as an example for resisting the new administration.
They will have a foundation to work from, party leaders assert. Although Trump’s victory was devastating to them, Democrats protected at least three and possibly five competitive Senate seats while mitigating Republican gains in the House. Even if House Republicans maintain control of the chamber, they will be forced to govern with a narrow majority that proved disastrous during the last session and could pave the wave for significant Democratic gains in 2026.
For now, though, the Democrats who poured their hearts and souls into electing Harris as the first woman, first Black woman and first Asian American woman to serve as president seem exhausted. They have spent most of the past decade warning the country about the dangers of Trump and his political philosophy only for a majority of American voters to send him back to the White House.
While Trump’s first electoral victory sparked a wave of outrage and protests among Democrats, his second win seemed met with a mournful sigh from many of his critics. Right now, Democrats are taking the time to grieve. And then, eventually, they will start to pick up the pieces of their party.
“Had the president gotten out sooner, there may have been other candidates in the race,” Pelosi told the New York Times on Thursday. “We live with what happened. And because the president endorsed Kamala Harris immediately, that really made it almost impossible to have a primary at that time.
Out of the most schadenfreude-infused moments of the Democrat-Bolshevik electoral debacle was Pedo Joe shanking Comrade Pelosi & her follow election-riggers by publicly endorsing the epically incompetent Comrade Kamala 30 minutes after he was dumped. This monkey-wrenched Booze Hag Nancy’s plans for an open primary that would’ve picked a less unpopular globalist stooge, and set Kamala up for the rout that followed.
“would make good on his promise to deport millions of undocumented people”
Where is the problem with that?
Watch the Senate, specifically the GOP Chamber of Commerce types who love love love cheap illegal labor, because they are America Last.
What law did Congress pass to fund the flying and bussing of new illegals into this country? I don’t remember any bills. So, I don’t think DJT needs the House or Senate for any of this. The laws are already on the books.
“…an electoral trouncing”
It was a rout, IMHO. And the best is yet to come!
The White House pushed back against those gripes, framing Democrats’ losses in a much more global context. Incumbents have lost ground around the world in the past year, a trend that experts largely blame on the anger and disillusionment spurred by the coronavirus pandemic and the ensuing high inflation it caused.
All over the world, more and more heritage populations are becoming red-pilled as they see feckless globalist quisling regimes running formerly sovereign nations for the exclusive benefit of a corrupt and venal .1% in the international financier oligarchy. The globalists unleashed the scamdemic and forced clot shots and lockdowns on us, but it was the central bankers, not a virus, that caused high inflation.
Nobody wants to, I think, get the wrath of their voters if it ends up in their neighborhood,’ Weiler said.”
Wut? Members of the Party of Compassion won’t open their homes and neighborhoods to our unhoused neighbors?
Looks like we might be getting a “Border Czar” who will combat illegal immigration rather than facilitating it like his Biden-Harris regime predecessor.
https://x.com/MTGrepp/status/1855835232596885994
“Much of the U.S. federal workforce is on edge and bracing itself for the likelihood its ranks will be purged when President-elect Donald Trump takes office.
If there’s a downside to seeing Democrat-Bolshevik FedGov workers cast out into the outer darkness of the real economy to fend for themselves, I’m not seeing it. Shutting down all the worthless, weaponized bureaucracies in Panem on the Potomac and severely undercutting the DNC’s voting base and FedGov donors and tools wouldn’t bother me in the least.
‘I would say there is a general feeling of dread among everyone,’ one Energy Department employee told CNN.”
Boo fooking hoo. This is the price you pay for being Democrat-Bolshevik political hacks instead of serving the public and earning your salaries.
+1
“giving him the power to commence mass firings of nonpartisan federal employees who might spoil Trump’s partisan plans”
Fire them all. They are just federal welfare recipients, except that, unlike a bum that gets welfare and contributes nothing, these bums collect welfare and use their office to destroy America.
Time clean house !
Other former Trump officials have suggested entire federal offices should be slashed in addition to individuals being fired. ‘If there are offices currently in operation that don’t meaningfully contribute to agency missions’ under Trump, ‘those need to go,’ said Mandy Gunasekara, the former EPA chief of staff.”
It isn’t just about curbing fraud, waste, and abuse in FedGov agencies. The bureaucrats and agents in the corrupt, weaponized DoJ and FBI have served as adjuncts of the DNC and trampled on the Constitution they’re sworn to uphold. All of these subversives need to be held accountable for their abuse of authority and undermining our institutions of governance.
He says about two thirds of all micro-condos in Toronto and Vancouver are owned by investors. But as interest rates spiked in recent years, the demand for these tiny condos began to shrink — and a lot of investors put them on the market.
Die, speculator scum.
“‘We expect Hong Kong home prices to be up 5 per cent in 2025,’ said Praveen Choudhary, head of Hong Kong real estate research at Morgan Stanley.
Realtors are liars.
[Here is another non-housing related article.]
Green Blues…As Fog Persists For Days In Germany, Green Energy Output Falls To Near Zero!
At 5 p.m. last Wednesday, Germany’s 1602 offshore wind turbines in the North and Baltic Seas stood still…solar output was also near zero. Germany had to scramble to keep supply going.
https://wattsupwiththat.com/2024/11/10/green-bluesas-fog-persists-for-days-in-germany-green-energy-output-falls-to-near-zero/
In the words of Professor Claudia Kemfert: It is a myth to believe that solar and wind do not provide enough electricity. The myth that there will be enough wind and sunshine somewhere in Europe was shattered at the beginning of November 2024. Daniel Wetzel describes the situation in the online Die Welt (pay article)
At 5 p.m. on Wednesday, solar power was only supplying a single megawatt hour. The 1602 offshore wind turbines in the North and Baltic Seas – each one the size of the Eiffel Tower – were at a complete standstill. Zero electricity production.
The onshore wind turbines produced only 114 megawatt hours at that hour, with German electricity consumption at 63,000 megawatt hours. Transmission system operator Amprion described the situation on the LinkedIn web portal on Thursday: ‘The minimum feed-in from wind and PV was just around 100 megawatts in total (in the period from 5 p.m. to 9 p.m.).’
This means that the 87,000 megawatts of photovoltaic capacity and around 72,000 megawatts of wind power installed in Germany with triple-digit billion-euro subsidies were virtually unused for hours on end. There was no danger to the power supply, it was said. ‘No sun, no wind – yesterday and today there was a dark doldrums in Germany,’ explained Amprion on Thursday: ‘But our system management had everything under control.’”
Without the fossil power producers and foreign countries, things would have looked bad. A situation that was to be expected – but was consistently smiled away. Instead, graphics of the annual cycle were waved around to show that sun and wind would complement each other perfectly.
The fatal thing about the situation is the prices. Fossil power generation has been made politically more expensive and in times of shortage, prices really go through the roof. Die Welt added:
The peak prices of the past week are possibly just a harbinger of what is to be expected in the coming winter. The expert agency “Montel” quotes energy market experts who expect price peaks of 1000 euros per megawatt hour in the event of further wind lulls. This is because in times of low wind power production, increasingly expensive gas-fired power plants have to step in, which then define the market price level.
Traders interviewed by “Montel” also referred to the German nuclear and coal phase-out, which has reduced the base load-capable power plant capacity that can produce regardless of the weather. The imminent onset of the autumn and winter cold in Europe is also likely to drive up prices. This is because France in particular will then see a sharp increase in its own consumption, as many heating systems in the country are powered by electricity. The surge in demand for electricity in France is likely to further increase the relative shortage on the European Power Exchange and thus drive up prices.”
We lived in Germany from 2019-2021 and I wasn’t prepared for the electric bills. 250-300 Euros a month and all we used were lights, tv, fridge, etc. No air conditioning or air compressors.
My American neighbors who ran small, portable ac units in the summer would have an additional 100-150 euro per month charge and our German neighbors would laugh at them for using AC.
Adding insult to injury were the surcharges padded onto the bill for “green” energy construction. There were no alternatives to the state electric company either. Don’t get me started on how much it cost to fill the oil tanks for the heat/hot water.
The radical-left traitors who have been implementing the Great Replacement are going to be soiling themselves as Trump’s new Border Czar takes office.
https://x.com/MTGrepp/status/1855842113495404758
Are we going to start seeing honest inflation and employment data now that the Biden-Harris regime has been turned out by voters?
https://x.com/KobeissiLetter/status/1855669165090111628
The treasonous RINO scum have had their day. Time to purge the RINOs and necons from the GOP and replace them with true representatives of their constituents back home, instead of controlled-opposition hirelings for The Cabal.
https://x.com/CollinRugg/status/1855802382288056552
+1
Thune in 2016: “Donald Trump should withdraw and Mike Pence should be our nominee effective immediately.”
Thune’s father should’ve withdrawn in 1961.
Oops, make that 1960.
Valiant attempt, globalist scum media, but the voters weren’t having it.
https://x.com/ForAmerica/status/1855770654336811046
World’s First “Personal Computer” Was Built By A Cody High School Grad
Tom Osborne grew up in this historic Western town, attended Cody High School and graduated from the University of Wyoming. In itself, that’s nothing special.
What is special is “The Green Machine” device he spent years engineering in his bedroom, which would revolutionize the computer industry and became the shape of things to come.
Osborne’s prototype became the blueprint for the Hewlett-Packard 9100A, considered the world’s first “personal computer.” It was the first of several groundbreaking technologies the Cody native contributed to that would change the world forever.
“I remember the overwhelming realization that sitting in front of me on a red card table in the corner of our bedroom/workshop sat more computing power per unit volume than had ever existed on this planet,” Osborne wrote in a 1994 letter. “I felt more like the discoverer of the object before me than its creator.”
That was 1964, and even then he could envision how his invention could change how people worked and lived.
“I thought of things to come,” he wrote. “If I could do this alone in my tiny apartment, then there were some big changes in store for the world.”
https://cowboystatedaily.com/2024/11/10/worlds-first-personal-computer-was-built-by-a-cody-high-school-grad/
What was remarkable about his machine is that it didn’t use a CPU chip like the 6502 or 8080. He designed his own CPU and built it from countless components.
Saw Tom Osborne give a presentation about his Osborne 1 in the early 80’s. (I believe in was at Siggraph Los Angeles).
Don’t recall presentation gaining much attention.
At the time the computing world was centered on Minis (DEC) and Mainframes (IBM)
Were these chips available in 1964?
I don’t think so, I think they appeared in the 1970’s
The commercially available Intel 4004 debut was 1971.
Machine Tool Demand is Stalled, Suppliers Group Reports
Nov. 10, 2024
The German machine tool industry – among the largest in the world – reported a double-digit drop in new orders through Q3, with a challenging outlook based on current conditions.
Machine tool demand fell -16% year-over-year during the third quarter of 2024, according to an economic summary issued by the trade group representing the German industry. That result combines with a -17% drop in domestic (German) orders and -15% fall in export orders.
The German Machine Tool Builders’ Assn. (VDW) represents the world’s third-largest machine-tool manufacturing sector, with a net turnover of €15.4 billion ($16.5 billion) in 2023, and 64% of its products exported to markets in Europe and worldwide. It is among the largest segments in that country’s mechanical engineering industry, and it employs about 65,250 people.
Through nine months of 2024 activity, the VDW records that new orders are -23% lower than during the January-September 2023 period, with domestic orders down -10% and exports orders -28% versus the nine-month 2023 results.
cross the Atlantic, the outlook is less optimistic. “The order situation remains challenging,” stated Dr. Markus Heering, executive director of VDW, commenting on the German result.
In Germany, industrial activity was steady through three quarters of 2024, but that has not overcome machine tool buyers’ hesitancy to invest in capital equipment. “In general,” Heering said, “domestic customers are very unsettled and are unwilling to invest.”
That hesitancy extends German machine tool builders’ regional European customers. Demand from Asia is the weakest during the period, while orders from the U.S. and Mexico have sustained demand for VDW companies.
“We have seen little change in the state of the industry since the first half of the year,” Heering said. “The stream of news coming from the automotive industry is giving cause for concern. And overall business levels are down across the board, both in the markets and in the customer industries. A number of major projects from the aerospace, medical technology, energy, shipbuilding, and defense sectors are helping.”
https://www.americanmachinist.com/news/article/55241753/machine-tool-demand-is-stalled-suppliers-group-reports-vdw
“In general,” Heering said, “domestic customers are very unsettled and are unwilling to invest.”
When the commies create a negative business environment, domestic customers hang onto their cash. Plus many are debating moving offshore, and until they do, they won’t be buying tools and dies.
10 New Cars You’ll Regret Buying When It’s Time To Sell
For the vast majority of new car buyers, depreciation is an inevitable part of the buying process. New cars lose a portion of their value as soon as they’re driven out of the dealership, and then continue to shed value over the following years. According to KBB, the average new vehicle will be worth 42.4% of its sticker price after five years on the road. However, some models lose value much faster than average.
These models score among the lowest on the market for resale value according to data from KBB, with each scoring significantly below the overall average. Some are attainable while others are exclusive flagships aimed squarely for the wealthiest buyers, but all will plummet in value during their first few years on the road, making reselling them a potentially painful experience.
https://www.msn.com/en-us/autos/autos-luxury/10-new-cars-youll-regret-buying-when-its-time-to-sell/ar-AA1tPEYl
Mostly Eurotrash on that list. Not surprising. They break a lot and cost and arm and a leg to repair.
“Mostly Eurotrash on that list.”
That Jeep Grand Wagoneer should produce a hefty loss.
Well, it is a Stellantis product now, which I suppose grants it honorary Eurotrash status.
But whenever I see a “Do not buy” list for cars, they are mostly Eurotrash: fun to drive when they are new, but which will break a lot and cost a lot to fix.
If you couldn’t afford it when it was new, you certainly can’t afford it when it’s used.
Never buy a German car out of warranty.
Chinese youth who have no future under the corrupt, tyrannical CCP have started staging “soft protests.” What if these turn to violent unrest? What if Gen-Zs who have no future under globalism start mobilizing resistance in ‘Murica?
https://www.telegraph.co.uk/world-news/2024/11/11/dumpling-protest-by-100000-students-on-bikes-in-china/
US president-elect Donald Trump has reportedly spoken to Vladimir Putin about Russia’s war in Ukraine, urging him not to escalate the conflict, but the Kremlin denies the two have spoken.
The Washington Post first reported, citing unidentified sources, that Trump took the call from his home in Florida on Thursday, local time, and used the conversation to remind the Russian president of America’s significant military capability in Europe.
Reuters also reported an unidentified source familiar with the call had said the two had spoken in recent days.
But, in an unusual move, Kremlin spokesman Dmitry Peskov said on Monday that no such call had taken place.
On Sunday local time, the Kremlin’s official spokesman voiced cautious optimism about Trump’s upcoming presidency.
“The signals are positive. Trump, during his election campaign, said that he perceives everything through deals, that he can make deals that will lead everyone toward peace,” Dmitry Peskov told reporters at a briefing.
“He does not talk about a desire to inflict a strategic defeat on Russia, and this favourably distinguishes him from the current [US] administration.”
https://www.abc.net.au/news/2024-11-11/donald-trump-joe-biden-to-urge-incoming-president-ukraine/104584032
End the war NOW.
Zelensky, daddy is cutting off your allowance, forever. No more U.S. taxpayer funded cocaine up your hooked beak, no more Paris shopping trips for your skank wife.
UK Labour party panicking they’ll face same fate as Dems if they don’t learn from mistakes
The UK’s left-wing Labour will face the same fury that drove the Democrats out of office and handed the White House to Donald Trump if they ignore the biggest worries of ordinary voters, senior party figures have warned.
They say Sir Keir Starmer and his team turn a blind eye to the lessons of the US election at their peril. Labour must tackle voters’ anxieties about key issues including the cost of living and immigration and not just “obscure causes”.
Former Labour cabinet Minister Liam Byrne said: “The scale of President Trump’s emphatic re-election is not just a shock; it’s a warning to Labour and the European Left.”
https://www.msn.com/en-us/news/world/uk-labour-party-panicking-they-ll-face-same-fate-as-dems-if-they-don-t-learn-from-mistakes/ar-AA1tPK5c
Labour must tackle voters’ anxieties about key issues including the cost of living and immigration
They firmly believe that they just need more time for their leftist policies to work and turn Britain into a socialist utopia.
The next elections aren’t until 2029. Labor has enough seats in parliament to not need to form a coalition government, so in theory they can hang on until 2029, no mater how bad things get. They can cause untold damage until then.
‘Australia’s Trump’: The push for Peter Dutton to embrace Donald Trump’s campaign style
Peter Dutton could model himself on Donald Trump in a bid to woo disenchanted voters, who are tipped to lurch to the right at the next election in search of action on the cost-of-living and housing crises, experts say.
Just days after the US election result, some in the opposition are already posturing to push their leader to take a leaf from the Republicans’ book.
The Weekend Australian reported that figures within the Liberal Party have approached Republican strategists for tips and advice as it prepares a battle plan for next year’s election.
And conservative billionaire Gina Rinehart, a close friend of Mr Dutton, has said she wants to see Australia “watch and learn” from Mr Trump and his “full throttle repudiation of all things left”.
“[Mr Trump] stood armed with conviction, huge courage, incredible untiring effort, and a real love of the USA and the American people,” Ms Rinehart told The Sydney Morning Herald at the weekend. “I do hope Australia watches and learns as they see that cutting government tape, cutting taxes, and cutting government wastage lifts people up, and lifts living standards.”
https://www.news.com.au/national/politics/australias-trump-the-push-for-peter-dutton-to-embrace-donald-trumps-campaign-style/news-story/a918a1fc94dc268d506bb16850668b6e
“I do hope Australia watches and learns as they see that cutting government tape, cutting taxes, and cutting government wastage lifts people up, and lifts living standards.”
I fear that countries like Oz are too entrenched with socialism. Too many people really believe you can tax the rich and redistribute their wealth to them, when all that really happens is that government bureaucracies simply grow.
Dementia Joe struggles to walk across a sandy beach, while “Dr. Jill” does nothing to help. Comrade Kamala & Biden’s globalist handlers belong in prison for elder abuse for letting this sad charade go on for as long as it has.
https://x.com/ClayTravis/status/1855729927196193027?
Even the globalist scum media is being forced to acknowledge how out of touch with American voters the Democrat-Bolsheviks are.
https://townhall.com/tipsheet/mattvespa/2024/11/11/wapo-explains-how-dems-got-totally-blown-out-on-election-day-n2647566
There will be massive purges in the Dem party. As to what will be there when the dust settles, I expect it will be very Marxist, if not more than now,
A smug inability to acknowledge the plight of working class voters led the Democratic Party to political disaster on Election Day, according to a pair of New England senators who say it’s time for America’s left wing to come up with a better plan.
Vermont’s independent U.S. Sen. Bernie Sanders said Sunday that the party’s inability to recognize that families are struggling to make ends meet and haven’t seen their economic circumstances improve in decades, while the party elite proudly trumpets a booming economy found only in statistics — and at the same time cozies up to big-money interests — is to blame for their outright drubbing in the 2024 election.
“Bottom line, if you’re an average working person out there do you really think that the Democratic Party is going to the mat, taking on powerful special interests, and fighting for you? I think the overwhelming answer is no, and that is what has got to change,” Sanders said during a Sunday appearance on Meet the Press.
In an op-ed published in the Boston Globe the same morning, Sanders said that the “American working class is angry,” and that they’ve got their reasons. Living paycheck to paycheck and watching the very rich only gain more wealth, voters are also confronted with rising costs for housing and everyday staples like milk and eggs.
President-elect Donald Trump, even if he never offered a viable or realistic answer to those problems, at least acknowledged that they existed, and promised bold policies to his supporters as a solution. Trump, Sanders wrote, offered voters a “grossly racist, cruel, and fallacious” explanation for their financial circumstances, but he at least provided an explanation.
The Democrats, Sanders wrote, went off the deep end when they didn’t have a response to the kitchen table issues, or offer a “full throated explanation” for why families struggle to afford the cost of groceries or housing. They’ve walked away from big policy ideas, like championing healthcare as a universal right.
“In my view, the Democrats lost this election because they ignored the justified anger of working class America and became the defenders of a rigged economic and political system,” he wrote.
Connecticut’s U.S. Sen. Chris Murphy, also on Sunday, described Tuesday’s defeat as “a cataclysm” for his party, and seemed to back up his New England colleague. According to Murphy, five decades of “neoliberal policy” has led to a party too detached from the working class voters it claims to represent.
“Time to rebuild the left. We are out of touch with the crisis of meaning (and) purpose fueling MAGA. We refuse to pick big fights. Our tent is too small,” he wrote on the social media platform formerly known as Twitter.
Murphy noted that Democrats “don’t listen to people” and instead “tell them what’s good for them.”
“And when progressives like Bernie aggressively go after the elites that hold people down, they are shunned as dangerous populists. Why? Maybe because true economic populism is bad for our high-income base,” he wrote.
At the same time, Murphy said, the party alienates broad swathes of the population while refusing to engage with their grievances. They can’t do that going forward, he said.
“We cannot be afraid of fights – especially with the economic elites who have profited off neoliberalism. The right regularly picks fights with elites – Hollywood, higher ed, etc. Democrats (e.g. the Harris campaign) are tepid in our fights with billionaires and corporations,” Murphy wrote.
https://www.msn.com/en-us/news/politics/us-sens-bernie-sanders-chris-murphy-call-for-democratic-party-reset-after-2024-cataclysm/ar-AA1tStId
‘true economic populism is bad for our high-income base’
How can you have a high-income base? This isn’t Dubai.
Here’s the title of the Globe piece:
Democrats must choose: The elites or the working class
The Boston Globe|1 day ago
“very Marxist”
Denver City Council.
The City / County of Denver voted 79% for one of Montel Williams’ ex-girlfriends, only 19% voted for Orange Man Bad.
From Fortune. “President-elect Donald Trump drew more support from a broad range of voters in the 2024 election compared to 2020, and you can add Americans stuck in tough housing markets to the list. An NBC News analysis of housing and voting data show that the counties where it’s most difficult to buy a home saw the biggest shifts toward Trump.”
From NBC News. “America’s housing crisis isn’t just reshaping where Americans live — experts say it’s reshaping how some vote. Many of the counties that swung most dramatically toward Donald Trump on Election Day were also among America’s toughest housing markets, according to an analysis of election returns.”
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https://charleshughsmith.blogspot.com/2024/11/unaffordable-housing-and-homeless.html
Charles Hugh Smith | Of Two Minds Blog
Thursday, November 07, 2024
Unaffordable Housing and Homeless Encampments: How Did It Get This Bad?
“ The post-election hope that festering problems can now be solved doesn’t seem to extend to unaffordable housing and homeless encampments, two blights on the socio-economic landscape. Perhaps this reflects a sense that these blights aren’t readily fixable, or an unsure grasp of the causes of these blights.”
“Let’s focus on the primary cause that led to unaffordable housing and homeless encampments. There are many contributing factors, of course, such as the NIMBY (not in my back yard) restrictions on new housing, the soaring cost of construction permits, materials and labor, and so on, but all these factors are subservient to one: financialization, which enriched the wealthy and incentivized them to pursue housing not as shelter for their family but as a low-risk investment that generates income and capital appreciation.”
“To reverse the damage wrought by financialization, we must reverse financialization. Doing anything other than this will have little effect, for no matter how many new homes are built, the wealth of the top 10% will have increased such that they will easily outbid mere wage-earners for the new housing. Building more homes for the wealthy to snap up with their ballooning wealth won’t address the root cause of unaffordable housing and homeless encampments: financialization. ”
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https://x.com/VladTheInflator/status/1854581651151696277
Darth Powell @VladTheInflator
Reminder, the Federal Reserve has one mandate:
Protect and inflate the wealth of established asset holders.
12:48 PM · Nov 7, 2024 · 7,918 Views
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https://x.com/FedGuy12/status/1855255149880705457
Joseph Wang @FedGuy12
All this pearl clutching about Fed independence is nonsense. Fed is not independent, it is basically a branch of the Democratic party. You can see this in many ways.
1) Political donations by Fed employees overwhelming go to the Democrats.
2) Former FRBNY president is comfortable writing columns suggesting Fed conduct policy against Trump.
3) Former Fed Chair and Fed Vice Chair just sliding into senior roles in the Biden White House.
4) Fed Chair happily supporting Biden fiscal policy, then feigns ignorance afterwards.
5) Fed making moves on political issues like climate regulations for banks.
6) Fed staff pumping research on climate change and DEI stuff that just aren’t in their mission.
I think the Fed would better serve the public if it were more politically balanced. [Or, my favorite, eliminated entirely.]
https://x.com/FedGuy12/status/1855255149880705457/photo/1
9:24 AM · Nov 9, 2024 · 417.6K Views
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– The federal gooberment, including, and especially the Fed, did this. It was intentional; it was policy; it was a wealth transfer. Enriching the very wealthy at the expense of everyone else. Destroy the middle class. My response: “Da Meddel Fanger!” Cut .gov by 50% for starters and #EndTheFed. Go Trump! Go Elon!
“To reverse the damage wrought by financialization, we must reverse financialization. Doing anything other than this will have little effect, for no matter how many new homes are built, the wealth of the top 10% will have increased such that they will easily outbid mere wage-earners for the new housing. Building more homes for the wealthy to snap up with their ballooning wealth won’t address the root cause of unaffordable housing and homeless encampments: financialization. ”
My late parents would have shaken their heads in disbelief if they had foreseen that this would happen.
Call Adam Schiff what you want. California’s next senator is ready to work with Trump
He said Trump’s victory, while obviously disappointing, wasn’t shocking. It came down to deep-seated economy anxieties, he said, and a sense that Trump and Republicans offered voters a better solution than Democrats managed in the last four years.
“You probably heard me talk many times on the campaign trail about how the problem today is not that people [aren’t] working. Unemployment is very low. The problem is that they are working and they still are struggling to get by,” Schiff said. “This has been a problem decades in the making. I think it has certainly been aggravated by the pandemic, and you’re seeing a global recoiling against the status quo and incumbents everywhere.”
https://www.msn.com/en-us/news/politics/column-call-adam-schiff-what-you-want-californias-next-senator-is-ready-to-work-with-trump/ar-AA1tOX1h
Anatomy of a red wave: How Trump won Nevada
Even the mighty Reid Machine — the political operation built by the late Sen. Harry Reid (D-NV) that has built durable Democratic majorities — couldn’t overcome the red national headwinds and a Trump campaign that both parties agreed was better executed than his prior two — though the machine likely prevented further Democratic losses down the ballot.
And, given the results, a clear theme emerged — voters, especially nonpartisans and those who are less engaged, were mad about the economy. And Trump had a clearer, simpler message than Harris — the people in power made prices high, and he would fix it. Add in high housing costs and an unpopular president, and it was the right formula for a red wave at the presidential level.
“It’s really hard to pinpoint any one particular factor, but I do think we had a bloc of voters who were still surly about the economy, still surly about inflation and prices,” said Peter Koltak, a Democratic strategist who worked on Sen. Bernie Sanders’ (I-VT) 2020 presidential campaign in Nevada. “Democrats, by being the incumbent party, we’re always going to pay some penalty for that.”
https://thenevadaindependent.com/article/anatomy-of-a-red-wave-how-trump-won-nevada
Paid celebrity endorsements from Diddy & Epstein’s degenerate party pals didn’t impress voters.
https://www.dailymail.co.uk/news/article-14067973/Kamala-Harris-Oprah-Winfrey-campaign-spending-spree.html
Fed up with the economy, Americans turn to Trump
With Arizona called last night, Donald Trump swept all seven swing states. Six of them flipped from Joe Biden’s column in 2020. So far, the president-elect has won just over 50% of the popular vote and he made gains in key demographics, including the young, Latinos and women. Republicans took the Senate and are on track to control the House. Tuesday, more than 80% of all the nation’s countries moved toward the right. The shift is decisive and leaves Democrats arguing over how they misread the people. To understand what just happened, we went to Pennsylvania, one of the places that made all the difference.
For 25 years, Chris Borick has been conducting one of the leading polls of Pennsylvania voters. He’s a professor of political science at Muhlenberg College, next to Northampton County.
Scott Pelley: How did Trump win?
Chris Borick: It’s a great question. You know first of all I think he had the winds on his side here, from talking to voters. They’re, they’re not in a great mood. They’re not in the good place. There’s lots of good things happening in Northampton County. The economy’s good. But they’re feeling things in their lives that really troubled them. Housing prices here. Grocery prices. I can’t tell you how many times when I talk to people about elections this year, they referenced eggs and the price of eggs.
Egg prices doubled and featured on the menu of discontent. At the Nazareth Diner near Bethlehem, no one sees a sunnyside to inflation, high interest rates and housing prices. The average tab here in 2020 was $24. Now it’s 38. And that’s the election in an eggshell.
Roz Werkheiser: The prices have went up, obviously because the food cost. And for a family of, like, four people, five people, I have them come in and say, “Oh my God, I spent $100 with the tip for breakfast? That’s crazy.” Which it is.
Roz Werkheiser: Yeah, 7:30 we open, 7:30 to 10.
Roz Werkheiser was a waitress 25 years ago. Now she runs the place.
Roz Werkheiser: My mother used to always say, “Gotta vote Democrat. You know, they’re for the poor people.”
Scott Pelley: You grew up in a Democratic household…
Roz Werkheiser: Yes.
Scott Pelley: But you just voted for Donald Trump.
Roz Werkheiser: Yes.
Scott Pelley: Inflation is down by more than half, interest rates are falling, mortgage rates are falling, wages are going up. Are you not feeling that?
Roz Werkheiser: I don’t feel it. No, I don’t feel it. I don’t feel it at all. Everybody I talk to, nobody’s wages went up. But we had four years of this. I mean, four years. Gas was super high. Yes, it just went down now, but what– the past four– three and a half years it was up.
Ronald Corales: The economy. The economy. I’ve been talking over the past couple of years to, like, people at one point, they were, like, so against him because of the comments or whatever the media was saying. But– you know, a lotta– lot– a lotta the Latinos are working-class people. They have families. You know, they help their families, even outside the country as well.
Corales’ late father immigrated from Peru in 1985 and was so thrilled to be in America he named his son for the president. Today, Ronald finds some common ground with Trump, even on immigration.
Leslie Sanchez: The historic support that Donald Trump got from the Latino community has been building over a series of election cycles.
Leslie Sanchez is a Republican political analyst and contributor to CBS News.
Leslie Sanchez: Speaking to families that live along the U.S.-Mexico border, this has been a cultural and economic relationship on the frontera, like, right there in the border area for over 100 years. But it no longer is balanced. This flood of migrants coming across, they feel that its lawlessness is putting tremendous pressure on border patrol, first responders, and their families and their municipalities.
Scott Pelley: Did Democrats take Latinos for granted?
Leslie Sanchez: Absolutely. I would think the party of my parents, the party of my grandparents, just assumed that Latinos, as the community grew, and our population grew that we would just naturally fall in line with the Democratic Party. And in the last 10 years about 10 percent more Hispanic Americans have moved into the middle class, they are much more sensitive to these economic issues. We live on the margins still so small ripples in inflation really have a dramatic impact.
Scott Pelley: Do you think this is a lasting change beyond this election?
Leslie Sanchez: I would argue absolutely. So, the question becomes, if Trump can really meet those promises, bring inflation down, make things more affordable, and make these families feel more financially secure, he’s going to have an ally for probably several election cycles going forward.
https://www.msn.com/en-us/news/politics/fed-up-with-the-economy-americans-turn-to-trump/ar-AA1tQL7M
“Oh my God, I spent $100 with the tip for breakfast? That’s crazy.”
And I’m still hungry!!
Scott Pelley: Inflation is down by more than half, interest rates are falling, mortgage rates are falling, wages are going up. Are you not feeling that?
Roz Werkheiser: I don’t feel it. No, I don’t feel it. I don’t feel it at all.
This is what the Left refused to see. They bought into their own propaganda that wages were rising faster than prices. Heck, I had two raises during FJB’s reign, and I know I fell behind. And since I had a ton of discretionary income before FJB I was able to weather the storm better than others, but make no mistake, I did cut back on some luxuries
Michigan believes in Trump: Why voters say they chose a 2nd term
Michiganders want more money in their pockets. They want that money to go further. They want something to happen at the Southern U.S. border that ultimately results in fewer people entering or staying in the country illegally.
As Michigan Republican political activist Tori Sachs put it, “people want to get back to a commonsense America that they grew up in.”
“I am hoping to see some better results for inflation and things like that,” said Nicole Urbytes, 21, of Frankenmuth. “It would make it a lot easier on my family. We’re a low-income family, so we’re hoping for some grace in that area.”
Urbytes said she didn’t stay up to see the election results. She put her 6-month-old son, Elijah, to bed early and then retired herself. She found out Trump won when she woke up and checked for results.
“I was not super surprised, just because that was what I was, well, anticipating, praying for, hoping for,” she said. “We all heard Mrs. Harris say that she wouldn’t change anything about President Biden’s time in office and clearly things aren’t going well for our country. So I think people kind of put two and two together and recognize that it’s not working.”
https://www.msn.com/en-us/news/other/michigan-believes-in-trump-why-voters-say-they-chose-a-2nd-term/ar-AA1tPN4u
Park City-area Democrats suffer the usual in red state congressional bids
In the 1st Congressional District, which also covers portions of Summit County, the Republican incumbent, Rep. Blake Moore, easily won reelection with 63.6% of the vote. The Democratic challenger, Bill Campbell, received 31.97%. Campbell won Summit County, though, with 55.63%.
Summit County, particularly the Park City area, has long been one of the state’s most reliably Democratic strongholds after decades of new arrivals from left-leaning places like California and New York. Democrats control the County Courthouse, but the party’s nominees from Summit County have not enjoyed the same success in Statehouse and congressional elections.
https://www.parkrecord.com/2024/11/11/park-city-area-democrats-suffer-landslide-losses-in-congressional-bids/
THS students vote heavily for Trump in mock election
Four years from now, nearly all current Tehachapi High School students will have a chance to cast real ballots in the next presidential election.
If the students stay true to their current political position — as expressed in a mock election at the school — you can expect a conservative impact from them in the 2028 election.
Ned Maino, chair of the THS Social Science Department, reported Sunday on results of the mock election.
This year, all THS students were able to anonymously participate in an online ballot that mimicked the California General Election ballot (except for the local school board race), Maino said.
In the mock presidential-vice presidential race, 67% of THS students voted for Donald Trump and JD Vance, 26.5% voted for Kamala Harris and Tim Walz, and 9.5% voted for third-party candidates.
For Senate, Republican Steve Garvey won 70.1% of THS student votes, compared with 30.5% for Democrat Adam Schiff. Across the state, Garvey garnered only 42.5% of the vote. In Kern County, he captured 60.9% of the vote. But Garvey, the former professional baseball player, was far more popular with THS students, winning more than seven out of 10 THS student votes in the mock election.
https://www.tehachapinews.com/news/ths-students-vote-heavily-for-trump-in-mock-election/article_08c462be-9fc7-11ef-bb3e-53d7135af908.html
Incumbent Dem Yadira Caraveo conceded Colorado’s 8th congressional district to Republican Gabe Evans. Given the level of cheating in Colorado, I suspect he actually won handily.
I only tune into broadcast TeeVee to watch college sportsball. Her ads were on nonstop. She tried to portray herself as a centrist, but Evans had the receipts for her far left policies.
Just saw this in Wikipedia:
Caraveo concedes to Evans in Colorado District 8
FOX31 Denver
2 hours ago
The eyes of the nation were still honed in on the race for Colorado’s 8th Congressional District seat as the election continued to keep almost a razor-thin margin, but on Sunday afternoon, Rep. Yadira Caraveo conceded the race.
https://www.youtube.com/watch?v=8vUb868TKfg
2:20.
Trump’s star rises as California shifts to political center.
Three weeks before he was declared the winner of the presidential election, Donald Trump greeted a crowd of impassioned fans in sunny Coachella, declaring that he and he alone could “rescue” California — a once-great state he described as “paradise lost.”
“Kamala Harris got you into this mess, and only Trump is going to get you out of it,” he told the crowd.
His rhetoric — the same anti-immigrant, tough-on-crime rhetoric that characterized his first campaign in 2016 and his second in 2020 — struck a chord.
Early returns show that more than 4 million California voters cast their ballots for him Tuesday night. The president-elect is poised to earn more than 40% of California’s votes in his decisive nationwide defeat against the state’s own Kamala Harris, according to Secretary of State tallies as of Friday morning. That’s up from 31.6% of the vote that Trump won here against Hillary Clinton in 2016, and the 34.4% of the vote he won against President Joe Biden in California in 2020.
“Even very intense progressives, like very intense conservatives, have some boundaries that they’re not comfortable crossing,” said Dan Schnur, politics professor at USC. “I think we learned this week what those limits are … and the Democratic majority would be wise to recognize there’s only so much they can ask.”
“Trump did much better with nonwhite voters than he has in the past, or than any Republican has in recent memory,” said Schnur.
“Just as we saw nationally, it’s clear that California’s nonwhite voters, particularly young men, were willing to consider Trump in a way that they simply haven’t been willing for previous Republicans.”
In solidly blue Sacramento County, where Democrats outnumber Republicans by over 170,000, Trump supporters were visibly, vocally celebratory.
“All we want to do is make America great again for everybody,” said Teresa Bozynski, a retired state worker from Orangevale, at a gathering of the Freedom Riders 1776, a group that organizes “Trump Trains” around the Sacramento area.
Trump did, and will again, “run the country like a business,” Teresa said. That’s why he’s earned her support since he launched his first campaign in 2015.
The left “puts feelings ahead of facts,” Teresa’s daughter, Kiana Bozynski, said during a Trump victory caravan. Trump is the tough love, facts-first candidate that Kiana wants in the White House.
Freedom Riders 1776 gathered at 3 p.m. Wednesday evening in the empty parking lot of the similarly empty Sunrise Mall in Citrus Heights.
Diners and shoppers in Roseville were also mostly supportive, high-fiving Trump Train drivers, tipping their red “MAKE AMERICA GREAT AGAIN” caps as they came out of the Whole Foods grocery store to film the caravan.
“We like to think about California as something special and unique and different from the rest of the country, and in a lot of ways, that’s true,” Schnur said. “But if there’s any message that came from the electorate this week, it was, ‘We are very progressive, but even progressives have limits.’”
The passing of Prop. 36, which will increase sentencing for shoplifting and other crimes, marks a notable shift toward tough-on-crime policies, a significant change in tone for the Democratic Party after a post-George Floyd 2020 election, where calls for police reform shaped much of the pre-election discourse.
Californians passed Prop. 36 by 70% after a successful bipartisan campaign effort among city mayors and county prosecutors. Even the state’s most powerful Democrats — Newsom and Harris included — refused to campaign vocally against Prop. 36, despite, in Newsom’s case, saying he “can’t in good conscience support it.”
In Sacramento and San Francisco, voters faced with the choice between two Democrats have so far voted in favor of centrist Dems over their progressive challengers. Progressive district attorneys were thrown out of office.
In this second Trump term, California’s Democratic leaders must come to terms with a changing Latino electorate that, as Schnur pointed out, prioritizes the economy far over immigration.
Exit polls show Trump receiving historic support among Latino voters across the nation. Early data even suggests more Latinos backed the former president in California, where Latinos have largely remained rooted in the Democratic Party over the last three decades.
“Even though the Democrats often have thought that Latinos are a safe bet for voting Democrat,” said Kevin Johnson, the former dean of UC Davis’ School of Law and a legal leader in immigration law, “that is not necessarily the case.”
https://www.yahoo.com/news/trump-star-rises-california-shifts-130000927.html
Marxists gonna Marx:
“Ruminants like cows, sheep and goats require dozens of crop calories to make a meat calorie. Pigs are slightly more efficient, but they eat less grass than ruminants, meaning they are much more soy-intensive. Poultry is best, converting feed to flesh with far less waste. That means white meat consumption can stay stable, but red must decline fast.
“A shift to more sustainable consumption patterns is needed,” the report summarizes, noting that this is crucial on health and climate grounds as well. EU citizens on average eat 40 percent more protein than is recommended, significantly raising their risk of cardiovascular disease and various cancers.
Last week, Christophe Hansen, the nominee for EU agriculture commissioner, argued that meat consumption is an individual choice that lawmakers shouldn’t get involved in. “I think it is very tricky to say and impose top-down who has to eat what,” he told lawmakers during his hearing before the European Parliament’s AGRI committee.
Europe’s top agri-food experts don’t agree.”
Experts?
“The hesitation to intervene in our food choices stands in stark contrast to the commonly accepted use of pricing strategies to reduce demand for [fossil] fuels, as well as tobacco and alcohol,” the Wageningen paper observes. “Interventions are needed to support consumer behavior toward more healthy and sustainable diets.”
Action should be targeted and nonintrusive, of course, given that “public steering [of] consumer behavior” remains “a socially and politically delicate matter.” Meat taxes, as Germany is planning, could be sound in theory and yet prove politically toxic.”
https://www.politico.eu/article/food-security-eat-less-meat-says-major-report-common-agricultural-policy-cap-eu-farming/
“A shift to more sustainable consumption patterns is needed,” the report summarizes, noting that this is crucial on health and climate grounds as well
What a load of baloney.
I doubt the WEF eat skinless chicken breasts at their confabs.
As the saying goes: I’ll believe it’s an emergency when they act like it’s an emergency. Meanwhile it’s private jets, 5 start hotels and Wagyu beef for them.
Trump critics worry he’ll target them for retribution
Trump has talked about getting even with those he says mistreated him, but he has also suggested that his revenge will simply be his success.
Olivia Troye, a former Trump administration official who denounced him in a speech at the Democratic convention in August, was boarding a plane recently when a passenger looked at her and said: “Your days are numbered.”
Not wanting to escalate a bad situation, she said nothing, but the troubling encounter is emblematic of the hostility she’s faced as a recognizable and vocal critic of Trump. Now, with Trump returning to the White House, she is beset by newfound fears that he, his appointees or supporters could try to punish her for speaking out.
“I’m worried that I’ll be targeted by him and a lot of people in his circle,” Troye said in an interview. “They very much know who I am. And I’m concerned for my family.”
She has plenty of company. For some who’ve run afoul of Trump, the election results have sparked fresh worries that he may enter office looking for retribution.
A private attorney, Mark Zaid, said he has consulted with clients about how they can best protect themselves in a second Trump administration. He said he has advised some to leave the country before Trump is sworn in and live abroad until they have a clear sense of whether he is bent on retaliation.
“I am aware of people who have already made such plans,” Zaid said.
Incoming Vice President JD Vance suggested last month that the Trump administration would pull the security clearances of the 51 people with national security experience who signed a letter before the 2020 election questioning the authenticity of emails found on a laptop belonging to Joe Biden’s son Hunter.
Vance told podcaster Joe Rogan that “they still all have security clearances, I believe, which is going to change when we win.”
Larry Pfeiffer, former chief of staff at the CIA who co-signed the letter, said: “There are colleagues of mine on that list who have clearances because they’re active members of companies that do business inside the intelligence community, and they will likely lose their post-government livelihoods if their clearances are pulled.”
“It would be, in our view, absolutely unprecedented to pull peoples’ clearances for some opinion that they espouse,” he added.
“If anyone begins to truly use the criminal justice system or other aspects of the government to target their enemies, then we are nothing but a banana republic,” said Rep. Dan Goldman, a New York Democrat who before entering office was the lead counsel in Trump’s first impeachment case. “The response you’ll get from Republicans is, ‘That’s what Joe Biden did.’ And I would ask any right-thinking person to actually say that Joe Biden weaponized the Department of Justice when his Department of Justice convicted his own son.”
One former Trump White House official who has publicly spoken against Trump described feeling “scared” and declined to let their name be used.
Another ex-Trump administration official who has publicly derided Trump said that while they’re remaining in the U.S., others are “conferring with counsel and trying to figure things out like what are the immigration laws and policies in places they might consider going.”
“It’s unreal,” this person added. “It’s unreal that in this day and age in this country, we’re having these thoughts and concerns.”
It’s not just Trump and his circle that frighten those who’ve spoken out; it’s also his following. Two days after the election, someone wrote in reply to one of Troye’s posts on X: “You too should prepare for prison. Trump owns your pathetic ass.”
John Bolton, Trump’s former national security adviser, who wrote a book disparaging Trump’s methods, said in an interview: “I assume there’s a long retribution list and I’m on it.”
https://www.nbcnewyork.com/news/national-international/trump-critics-worry-hell-target-them-for-retribution/5972308/
Olivia Troye, a former Trump administration official who denounced him in a speech at the Democratic convention in August, was boarding a plane recently when a passenger looked at her and said: “Your days are numbered.”
I call BS on that. That’s something a Dem would do. And to do that when boarding an airliner is a good way to be tagged as a threat and be removed from the flight.
And to do that when boarding an airliner is a good way to be tagged as a threat and be removed from the flight.
Yeah, I seriously doubt that was said, unless there was a lot more conversation before the comment discussing the Trump victory. No way that came out of the “blue.”
“If anyone begins to truly use the criminal justice system or other aspects of the government to target their enemies, then we are nothing but a banana republic,” said Rep. Dan Goldman, a New York Democrat who before entering office was the lead counsel in Trump’s first impeachment case.
Said without irony by the same Democrat-Bolsheviks who have spent the past four years turning the former USA into a corrupt banana republic.
CANADA Stunned by Trump Win | Realist Moments from CBC’s US Election Night Broadcast
5 days ago VICTORIA
Canadian journalists are shocked by the results of the US election. See the emotional highlights from the +6-hour live stream cut down to 9 minutes.
https://www.youtube.com/watch?v=RsO-HsHIX24
The only time I’ve ever paid attention, about 15-min, to another country’s election is when the popular contender is assassinated.
The Canuck Left sees this as a harbinger as to what will happen to them next year. Hence all the posturing on suddenly getting tough on immigration. I suspect that repealing their carbon tax is next.
Too little, too late.
Trump Sets Condition for Next Senate Republican Leader
President-elect Donald Trump on Nov. 10 publicly mentioned one condition for the next leader of the Senate Republican Conference: He or she must clear the way for recess appointments for Trump administration officials.
“Any Republican Senator seeking the coveted LEADERSHIP position in the United States Senate must agree to Recess Appointments (in the Senate!), without which we will not be able to get people confirmed in a timely manner,” Trump wrote on social media platform Truth Social on Nov. 10, addressing the upcoming Senate leadership vote.
He noted that such votes can take “two years or more,” which is “what they did four years ago, and we cannot let it happen again.”
“We need positions filled IMMEDIATELY!” he wrote.
Aside from the request, Trump also said that Republicans should not confirm any judges in the coming months before his inauguration “because the Democrats are looking to ram through their Judges as the Republicans fight over Leadership,” adding, “THIS IS NOT ACCEPTABLE.”
Whether Trump endorses one of the contenders could become a determining factor.
“I don’t know what he’ll do,” Cornyn said of Trump in September. “But this is obviously an election between senators, and I think that’s where the voters are.”
So far, Trump has not publicly weighed in on any of the leading candidates.
Last week, Thune told CNBC that Trump could “exert a considerable amount of influence” but suggested the president-elect “stay out of that.”
“My preference would be, and I think it’s probably in his best interest, to stay out of that. These Senate secret ballot elections are probably best left to senators, and he’s got to work with all of us when it’s all said and done,” Thune said.
https://www.theepochtimes.com/us/trump-sets-condition-for-next-senate-republican-leader-5757426
Does it worry you that Uncle Warren is avoiding the stock market?
Heard on the Street
Does Warren Buffett Know Something That We Don’t?
Berkshire Hathaway is hoarding cash in a pattern seen before the financial crisis, but it has a new reason this time
By Spencer Jakab
Nov. 11, 2024 5:30 am ET
Warren Buffett’s company has even stopped buying the stock it knows best—Berkshire Hathaway. Photo: Houston Cofield/Bloomberg
When the world’s most-followed investor doesn’t feel comfortable investing, should the rest of us be worried?
Warren Buffett, who has quipped that his favorite holding period for a stock is “forever,” continues to have substantial money at work in American companies. But he has never taken this much off the table either—a whopping $325 billion in cash and equivalents, mostly in the form of Treasury bills.
…
https://www.wsj.com/finance/investing/does-warren-buffett-know-something-that-we-dont-48fabc9d
Here’s how Buffett makes money, buy low and sell high.
Tom Homan—Trump’s Border Czar Pick—Unleashes On Pramila Jayapal At 2019 Hearing On ICE
46 minutes ago
At a House Judiciary Committee hearing back in 2019, then-Acting ICE Director Tom Homan clashed memorably with Rep. Pramila Jayapal (R-WA); Homan is reportedly being tapped to serve a President-elect Trump’s Border Czar.
https://www.youtube.com/watch?v=v_VPUDXnooA
1:32. The above has a typo, Jayapal is D-WA.
That Pramila woman looked like she was imagining actually hammering him with the gavel.
Pelosi knifes Biden AGAIN as she flips and blames him and Kamala for Democrat losses
The San Francisco Democrat wanted an open primary after Biden’s drop out
Former House Speaker Nancy Pelosi twisted the knife even further into President Joe Biden and Vice President Kamala Harris Friday by suggesting Democrats should have gotten the opportunity to pick another candidate.
The 84-year-old also said that if Biden had dropped out earlier, the party she has led for decades would have had time to weigh its options.
The devastating comments from the California lawmaker to the New York Times come as civil war has erupted in the Democratic Party – and between the Biden and Harris camps – over Donald Trump’s rout.
Pelosi’s admission that she did not want Harris to automatically become the nominee after Biden’s mid-July drop-out appears to be damage control by the longtime Democratic kingmaker after this week’s embarrassing loss.
The veteran lawmaker admitted that she wanted the president’s campaign cancellation, which she helped orchestrate, to go a different way.
‘Had the president gotten out sooner, there may have been other candidates in the race,’ Pelosi said.
‘The anticipation was that, if the president were to step aside, that there would be an open primary.’
That primary would have allowed many different Democratic candidates to throw their hats in the ring and make their case to the delegates.
An array of candidates appeared to be in the offings, some floated Michelle Obama, others said Michigan Gov. Gretchen Whitmer and California Gov. Gavin Newsom.
Newsom denied that he had would replace Biden earlier this year when pressed by DailyMail.com, though many reports indicate he is a top prospect.
But that primary never happened.
Immediately following Biden’s announcement on July 21 that he would not be seeking reelection after all, he endorsed his vice president.
Reports indicate that Pelosi’s plan was to have the party march forward with the primary, and Biden’s rapid and unexpected endorsement derailed Pelosi’s plan.
‘And because the president endorsed Kamala Harris immediately, that really made it almost impossible to have a primary at that time,’ Pelosi shockingly admitted. ‘If it had been much earlier, it would have been different.’
‘That didn’t happen,’ the lawmaker said. ‘We live with what happened.’
Pelosi said Harris may have won the open primary, though it would not have been a certainty. ‘And as I say, Kamala may have, I think she would have done well in that and been stronger going forward,’ Pelosi continued. ‘But we don’t know that.’
The former speaker, who just this week won her 20th consecutive House race, also bashed progressive Sen. Bernie Sanders, I-Vt., for his damning critique that Democrats are abandoning working-class voters.
‘Bernie Sanders has not won,’ she said.
Sanders famously came in second to Hillary Clinton during the 2016 Democratic presidential primary. He also ran an unsuccessful presidential campaign in 2020.
‘With all due respect, and I have a great deal of respect for him, for what he stands for, but I don’t respect him saying that the Democratic Party has abandoned the working-class families.’
https://www.dailymail.co.uk/news/article-14060891/nancy-pelosi-suggests-kamala-harris-run-biden-drop-out.html
he 84-year-old also said
How power hungry do you have to be to still be in politics at such an advanced age? I recall seeing pictures of Feinstein in her final days: she looked like the crypt keeper, a living corpse. Pelosi will soon be there as well.
Former House Speaker Nancy Pelosi
I hope former House Speaker Nancy Pelosi is tied to the 15M extra ballots submitted during the 2020 election.
Pelosi reportedly not ‘happy that the only bloody fingerprints on the knife’ to oust Biden were hers
Rep. Nancy Pelosi, D-Calif., was the “key figure” in the movement to remove President Biden from the presidential ticket, according to an upcoming book.
New York Times contributing opinion writer Jonathan Alter’s new book, “American Reckoning: Inside Trump’s Trial—and My Own,” which will release on Tuesday, features details regarding efforts to oust Biden following his disastrous June debate with former President Trump.
In an excerpt from Vanity Fair on Oct. 14, Alter outlined what the headline described was how Pelosi “ripped off the band-aid for Democrats” to convince Biden to step out of the race.
“The key figure in getting Biden to change his mind was Pelosi, who drew on their forty-year friendship. At first, she thought Biden could survive what he described as his ‘bad night.’ But Pelosi is an institutionalist; she loves the House, and her nightmare of not regaining control of that chamber (when Democrats were so close to winning it back) seemed to be coming true,” Alter wrote.
He continued, “With Republican control of the presidency, both houses of Congress and the Supreme Court, who would check Trump’s authoritarian impulses? After Biden under-performed with Stephanopoulos, Pelosi expected that Bill Clinton, Barack Obama, and the Democratic leadership on Capitol Hill would stage an intervention.”
“But the men were MIA,” an insider reportedly told Alter. “She wasn’t happy that the only bloody fingerprints on the knife were hers.”
The excerpt revealed how, less than a few weeks after Biden’s debate, Pelosi began several conversations and phone chats to gently ease Biden out of the race. After Biden remained determined to stay, Pelosi began a more public effort by remarking how “It’s up to the president to decide if he’s going to run” during interviews.
“A fly on the wall would have seen a master class in subtle politics, as the former speaker—a velvet-gloved boss for our times—maneuvered with great sensitivity to ease the President of the United States out of power. ‘She’ll cut your head off, and you’ll never even know,’ one of her friends told me,” Alter wrote.
Eventually, other Democratic leaders became involved, which led to Biden conceding a second run.
Alter was one of several New York Times writers who quickly published a piece calling on Biden to step down from the race shortly after his debate with Biden. He revealed at the time he was told by “a pillar of the Democratic leadership” that the party would try to remove Biden should he have failed in the debate. After watching Biden’s performance, Alter agreed.
“Like the bosses of old — and this is how nominees were chosen until the 1960s — Democrats have a political obligation to pick the candidate most likely to win. This becomes a moral obligation in an election in which democracy is on the line,” Alter wrote in June.
https://www.msn.com/en-us/news/politics/pelosi-reportedly-not-happy-that-the-only-bloody-fingerprints-on-the-knife-to-oust-biden-were-hers/ar-AA1sBVfS
This becomes a moral obligation in an election in which democracy is on the line,” Alter wrote in June.
So the ends justify the means when #OurDemocracy – which represents only its globalist oligarch patrons – is under threat from those pesky voters. Got it.
Ok, so in spite of a lock step lock down of globe, due to a gain of functioning Covid 19 virus,followed by posion expiermental fake vaccine as countermeasure, this was not talking point in Presidential Campaign.
So, all of sudden talk about toxic water as in fluoride. Talk of fruit loops being part of toxic food supply.
But, I say this ,If you don’t stop gain of function virus insanity and the MRNA vaccine killer, than the diversion to other toxins like the food and water isn’t going to matter.
In other words, our enemy does not need posion water and toxic food and pesticides anymore, that was just designed to weaken. Now that you have the big bomb of fake killer vaccines being put in numerous products now, and gain of function virus not banned also, you can proceed with mass genocide with a more lethal genocide.
As long as gain of function virus making , and killer technology fake vaccines aren’t banned , than our enemy from within still has lethal big bombs of genocide and mass destruction .
Border invasion, transgender assult, inflation, global wars , assult on freedom of speech, ect, are all bad , don’t get me wrong.
But the biggest elephant in the room is that gain of function virus and lethal expiermental vaccines aren’t being discussed as a election issue , in spite of all aspects of it being a horrific attack on humans.
Now add to this , the other big bomb of Climate Change fraud , which is another big bomb that threatens humans, animals , plants and earth.
So, its mandatory that humans ban the biggest bombs the enemy has, that they are still capable of unleashing.
Not to underestimate the collapse of economic systems globally, or escalation of World War 3.
You Don’t Get To Force Us To Choose Between An Experimental Vaccine or Lose Our Jobs!
2 hours ago
https://www.bitchute.com/video/ywBhoOtkTfC0
1 minute.
I’d buy her a fugg’n drink!
Watched it two more times. Jean Romanik, you’re god-damned right love, that liberty tree is mighty thirsty!!
Are you saving a ton of money by renting instead of paying through the nose to buy a home?
Yes.
Same.
We rent the place we live in for below half of what a mortgage on the same place would cost per month at today’s prices and interest rates.
Yahoo Finance
Bloomberg
Americans Are Content to Rent as Market Tilts Away From Buyers
Alex Tanzi
Thu, November 7, 2024 at 8:10 AM PST 1 min read
In This Article:
FNMA +9.77%
(Bloomberg) — Americans are coming to terms with renting as an alternative to an increasingly unaffordable market for homebuyers.
The share of respondents who say they’d rent if they were going to move rose to a record 36% in a new survey by Fannie Mae, the government-backed mortgage finance giant. The figure has climbed 10 percentage points in the past three years.
US renters took a big hit in the early pandemic years, with prices surging even as rock-bottom interest rates helped homeowners trim their mortgage bills and accumulate wealth. But the calculus has been shifting.
Mortgage rates soared after the Federal Reserve began tightening monetary policy, and after falling back a bit they’ve moved sharply higher again over the past 6 weeks. At around 7.25%, the cost of a 30-year mortgage — coupled with high home prices — is making many would-be buyers think twice. Meanwhile the worst of the rental spike appears over, with measures that look at newly-signed leases showing only a small annual rise.
“One effect of the prolonged period of relatively high home prices of the past four years is that we are seeing a slowly growing preference to rent rather than buy on consumers’ next move,” said Mark Palim, Fannie Mae’s chief economist, in a post. “With rent growth expected to remain modest in 2025, more consumers may be seeking – and finding – attractive deals in the rental market.”
…
https://finance.yahoo.com/news/americans-content-rent-market-tilts-161049260.html
What people like Barbara Cornhole don’t realize when they cry “Buy now or be priced out forever!” is that most people today would rather be priced out forever. Renting may suck, but owning in today’s market looks like a death sentence!
Something is about to break in a huge way. I’m not sure DT is gonna want the job come January.
“Something is about to break in a huge way.”
Stonks are waaay overpriced. The rates on debt don’t reflect actual risk. C-RE is waaay over priced. Housing is waaay overpriced. Inflation is waaay under-reported. Cost of living is waaay under-reported, and retirees living off of SS are becoming homeless in droves. Lots of people are working more than one job, yet they continue to struggle from month to month; etc., etc., etc… Depressions quietly fester until they reach critical mass.
Something is about to break in a huge way.
I suppose we will learn just how much ruin is left in the country.
‘Buyers are spending much of their monthly payment on things other than the property itself’…Goldstein said her $12,500-a-year HOA dues are another expense to worry about for the upkeep of her roughly 1,800-square-foot, three-bedroom house in Boynton Beach, Fla. Real-estate agents have told her that her dues are high for the area and have deterred some buyers. Goldstein, 82 years old, is hoping to be able to sell before she also has to pay a coming special assessment: about $780 to fund a pickleball court that she has no intention of using. ‘It’s all too much,’ she said’
I want to thank Judy for today’s HBB Pitfalls of Commie Urban Living™.
‘In some parts of Washington state, including the Seattle area, homeowners association dues have more than doubled over the last year on average, according to Realtor.com. Condo association dues are up 6% nationwide this year versus last, and as much as 15% in parts of Florida, according to Redfin. They are generally mandatory and not negotiable. HOAs may foreclose on owners for unpaid dues, which can result in the loss of an owner’s home, said Pierre Debbas, a real estate lawyer in New York City. Associations are meant to help homeowners financially by ensuring property values in their neighborhood don’t go down, said Rick Sharga, CEO of CJ Patrick, a real estate consulting firm. The evidence is mixed on whether HOAs actually support property values’
Oh no no no, we are way past that Rick. You got tens of thousands, maybe hundreds of thousands of Florida airboxes that you can’t give away and it’s getting worse. I think the verdict is in on commie urban living.
‘Who pays for a replacement roof often comes down to who has more bargaining power, and the inability to obtain insurance coverage has the potential to kill deals, agents report. ‘I have gotten much more aggressive when writing offers’
That’s the spirit Matt, pick their pockets while you have them over a barrel!
‘All the hotels are empty. The mall is empty…Everything’s empty…You can all see and touch and feel a giant billion-dollar new office building. It’s empty’
Yer gonna have to tear it down Teague. Good money after bad.
‘We expect Hong Kong home prices to be up 5 per cent in 2025…This is significant since it would be the first annual price increase in the last five years, during which time property prices have corrected by roughly 25 per cent’
We like bottom pickers here at HBB Praveen, just don’t expect anyone to shake yer hand.
Katie Hopkins: Three reasons the TRUMP win matters to Britain
Katie Hopkins
5 hours ago
Three reasons the TRUMP win matters to Britain.
https://www.youtube.com/watch?v=d-wdvrUiunw
9 minutes.
Are you wealthy enough to afford a midlife crisis?
Fortune
Millennials’ midlife crisis looks different from their parents’ sports cars and mistresses—it’s a ‘crisis of purpose and engagement’
Millennials have it so bad they think they can’t even afford a midlife crisis. · Fortune · Getty Images
Sydney Lake
Updated Sun, November 10, 2024 at 7:19 PM PST 4 min read
Buying sexy sports cars, changing hairstyles, and finding a mistress used to be the classic signs of a midlife crisis—at least for older generations. But millennials have it so bad in today’s economy that they think they’re too poor to allow themselves the breakdown their predecessors were mocked for, a new psychology study shows.
Of more than 1,000 millennials who were surveyed, 81% of them reported they can’t afford to have a midlife crisis, which Thriving Center of Psychology defines as either dramatically gaining or losing weight, consuming more alcohol, attending therapy, changing appearances, or taking on a new hobby.
Many people who undergo a midlife crisis also experience anxiety, depression, loss of purpose, sadness, and burnout, according to the study. But while the midlife crises of the baby boomer generation may have been defined by a fear of getting older or panic about major life changes, younger generations experience a different set of worries.
The midlife crisis for millennials is rather a “crisis of purpose and engagement,” Steven Floyd, owner of SF Psychotherapy Services, tells Fortune. “A generation that was encouraged to work hard and shoot for the stars—they got there and wondered: am I satisfied? Do I even care?”
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https://finance.yahoo.com/news/millennials-midlife-crisis-looks-different-010500467.html
Do striking similarities between 2007’s and today’s market concern you?
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Benzinga
New Report Finds Striking Similarities Between Today’s Housing Market And 2007 – Is Another Crash Around The Corner?
LaToya Scott
Sat, November 9, 2024 at 5:04 AM PST 4 min read
Recent analyses suggest today’s U.S. housing market holds similarities to 2007’s precrash conditions but key differences reveal it’s not just history repeating itself. Housing prices have surged in major cities due to tight inventory, land scarcity and rising construction costs but not risky lending practices.
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https://finance.yahoo.com/news/report-finds-striking-similarities-between-130415590.html
“…but not risky lending practices.”
Time will tell.