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1929 Financial Crisis but It's Happening Right Now

Tesla DESTROYS Q1 Earnings,

newtboy says...

D’oh!
Hovering in the low 700s now. So much for this surge. Oh boy indeed. Lol.

Bad news, Ford just announced they give customers a right to repair their own vehicles, unlike Tesla.

Tesla keeps its tech secret, uses proprietary tools they don’t sell, and goes the extra mile to make sure only Tesla service centers can work on a Tesla, allowing them to charge $15000 for repairs that should cost $700 (and do at the few after, aftermarket Tesla repair shops). This is because Tesla is a software company like Apple, and tries to use the same hyper control scheme that Apple does….essentially saying you just rent your Tesla, it’s not really yours to modify or repair.

Ford designed its crate motor, now available for aftermarket projects btw, the same motor in the E-mustang and soon in the e-f150, to be simple to work on with normal mechanics tools. They’ve indicated a willingness to make their systems open source so anyone can fix them. This is going to make Ford a much better choice even if their specs don’t measure up, and it seems they will.

Sorry, @bobknight33, it’s not looking great for your “all in on one stock” plan. So you understand, in order to be a good deal, Tesla stock still needs to drop by 4/5…or down to around $150 +-. That would put its PE ratio around 20….still high, but considered decent these days. 100 PE is just insane.

Rent: Last Week Tonight with John Oliver (HBO)

newtboy says...

1)Exactly what in your post was satire? This?….” Dad taught me well and will deal with them according.”? (Now THAT’S satire)
2)Directly on topic…you implied we think your dad must be racist because he’s Republican. I explained. Also, nice you don’t disagree with my explanation, you just incorrectly claim it’s off topic.
3) see #2
4) ? Only a moral and ethical obligation, or to Republicans, no obligation whatsoever. 🤦‍♂️
5) better get it in writing, yes. Even if your siblings agree, their children might not. You could be setting up a future lawsuit or the dissolution of your family. If everyone agrees, in writing, then good on you…..but as I mentioned, it’s not a real offer to sell because it sounds like the couple couldn’t afford any price. A real offer would be to let them rent to own at maybe a slight rent increase….they might be able to take advantage of that offer.

Edit: 6) If they have no new income, and barely bring in enough to pay the discounted rent, how do you expect them to come up with an extra $5k, +$3500 (and rising) per year, + $100+ per month more…especially with the Republican plan to make the poor pay more taxes, and end social security and Medicare/Medicaid …how will they ever convince a bank they can keep up payments? And they wouldn’t get 6%….wtf man? Do they have perfect credit? That’s prime, they don’t qualify for a fixed loan at prime rates if they need discounted rent….and no bank is going to give 80 year olds a 30 year loan. The highest prime rates were 21%, unlikely in the near future, but rates are skyrocketing. Now, if you carried the loan yourself, you COULD offer those rates, but a bank never would.
If their kids have cash and are willing to gift it to their parents regularly, and if your family carried the discount loan, it could work.

Sure, sounds simple, but reality isn’t that simple, especially if you don’t have a net worth more than the loan. Year one they would need a minimum of $10k extra to do this if your loan numbers were right, and they aren’t from a bank. Year 2-30 they would need $5k more than they spend now….+ all repairs, tax hikes, interest rate hikes, etc. a great deal to be sure, but not feasible for poor elderly people who will likely lose all their income if Republicans regain power. It more than doubles their housing costs year one.

bobknight33 said:

1 no joke just some satire
2 off topic
3 off topic
4 Good deal and a kind landlord. That being said the landlord is under no obligation to rent to anyone under current market value.

5 Siblings all agree to let it go to the renters and the 50 to 60% discount . All I need is a email/ letter stating their agreement.


6 I think they might be able to do this at 5% down ( or zero). The bank will see a 50K equity in the new owners the moment they sign the papers.

For 30 years / fixed / 3500 property tax/year
At 120K @6% about 1200/month
At 60K @6% about 800/month
At 50K @6% about 730/month

Current rent 695/month
IF they / their kids can put down 10% ( 5K) payments drop about 100bucks

This is simple. Buy the house for 1/2 off and put 50K in you pocket at the closing.

Ricky Gervais on Trans Woman

JiggaJonson says...

Agreed. The best Humor is supposed to convey some difficult to accept truth about the environment or ourselves. This joke reminds me of jokes about bald people.

"YOU'RE BALD!!!" that's the joke.
with some extra 'therefore you can't do X'

kir_mokum said:

it was rough in a comedy sense. he might as well have made a "my wife is always nagging" joke. even if you hate trans people, it wasn't a clever joke. and honestly, comedians using "woke culture" and trans people as jumping off points is so fucking boring. they've rarely added anything to the conversation are rarely funny. it's unfortunate that a lot of my favourite comedians are still doing those kinds of bits.

Let's talk about Republican reaction to the SCOTUS leak....

JiggaJonson says...

https://www.newsweek.com/death-penalty-abortions-becomes-pivotal-issue-gop-runoff-texas-1692240


involuntary manslaughter = killed someone, didnt mean to, never intended it
(for like driving drunk and u you know, never meant to kill someone etc.)

assuming fetus = person (as you imply)

what happens if a fetus-person who is a twin kills the other in the womb
?
it's a person performing an abortion
or could you charge them with involuntary manslaughter
?
do you have to wait until they are born, or could they be tried in court while still in the womb, since fetus=person

we do actually charge people who have been born with crimes
if you're saying this is a person who murdered their sibling accidentally or otherwise,

WHAT IF THEY CHARGE A FETUS WITH ABORTION AND IT'S FOUND GUILTY?!?!?!
AND THEN SUMMARILY EXECUTED BECAUSE IT PERFORMED AN ABORTION!?!? lololol and what if the GOP sentence is carried out while they're still in the womb!!! since fetus=person

That just sounds like abortion with extra steps!

@newtboy

bobknight33 said:

No just just trying to stop the 16+ million murders that the left that fail to take a moral responsibility for their actions.

Bernie Convinces Republicans He’s Right

newtboy says...

$3.3 trillion collected in 2018, so well under 20% of taxes, and they made over 20% of gdp and control over 35% of all wealth/assets according to google.

In that 40 years, over $50 TRILLION has been transferred from the bottom 90% to the top 1%.

That equates to a person who now earns $35k earning $61k EVERY YEAR SINCE 75 (an extra $26k per year) had wealth inequality remained at levels we saw after ww2 until the mid 70’s…college educated professionals who make $70k are handing billionaires an average of $56k every year in lost earnings.

luxintenebris said:

just a thought...$616 billion is what percentage of the amount taxed?

40 years ago the rate was higher. now it's much lower. could the amount be so large that a slight slice of that pie topples the amount collected in decades passed?

This man is POTUS

newtboy says...

As usual, you are just wrong…build back better is not an inflation plan you twit.

Step 1, fill the office that handles inflation, not keep it so understaffed that it can’t legally hold a functioning meeting to do anything like Republicans did all through Trump’s tenure and continue to do.

Without a functioning fed, Biden can only add bandaids. If you took civics, or cared to know what you are talking about, or just read what you are told when you ask these ignorant questions, you would know this.

Trump spent more than Obama without starting in a recession he crawled out of but instead starting with a healthy economy causing a recession, spent way more if you count all the extra money he had “printed”. That causes inflation…but not instantly. He spent the most by far in 2020, anyone with 1/2 a brain saw inflation would be the result, we all told you then. You still refuse to or are incapable of understanding.

Biden is a Democrat, so you ignore the one to blame and blame him. I notice you NEVER blamed the last figurehead…the one who knew nothing, had no experience, and led us into a near depression/pandemic then tried to overthrow democracy in America. Idiot.

You are so full of shit with that last. Give me 3 examples when Democrats voted against a plan they created to stop a win, 3 examples when democrats voted against something they said was good for their constituents simply to deny Republicans a win, because I can point to 3 instances when McConnel actually went out publicly and said that’s the Republican plan….and dozens of instances when he implemented that plan.

He now says if Republicans get control, there will be no more hearings to fill any vacancies in government by Biden, just let the country fall apart for 2-6 more years until they get to force someone in. Who cares that it destroys the economy, infrastructure, and the union…no win for dems is all that counts.

bobknight33 said:

And what is Biden plan to stop inflation?

Spend more money via Build back better. That's his plan.
The Fed reserve manages inflation. They don't cause it.
This all started at least a decade ago when government spending really went off the rails and has yet to be controlled.

Biden is the figure head and hence gets the blame.


If a bill truly helps Americans, Democrats would stop a Republican win just as much as Republican would stop a Democrat win.

STUDY: $500 Per Month Life Changing For The Homeless

newtboy says...

Did they offer that in the program, or was it only random individuals….or are you extrapolating, assuming the program became universal? I thought this plan was just for the indigent.

$500 each for 4 works out to more than my wife brought home for 40 hours a week after 15 years at her last job…..barely livable for 4 anywhere in California, a nice income in some states. Not a huge amount to provide for 6 months. How much does temporary housing, services, extra law enforcement, etc cost over that time for 4 people? I assume they’re close.

Yes, universal income is costly, but most on the right won’t consider giving the destitute money if they don’t get a handout too, that likely multiplies the amount by over 10 times. With a means test, it would be billions, maybe under $100 billion. We spent nearly $6 trillion on bad Covid response in 2020, including trillions to corporate welfare handouts with no strings attached and they still fired millions of workers. I think if that’s ok we can afford to invest in making people productive again instead of drains on society (of course, not everyone will benefit, but 75% success must be a win overall). If not, socialize any corporation that took a bailout, we bought em, we should own them.

…Or taking on more debt like every government project, but the increase in gdp from turning costs into profits likely pays for the program without a dime in new taxes, just a reduction in costs of handling the homeless and new taxes from their incomes….especially if you have a means test and not universal income.

Yes, they convoluted by calling it universal income but focusing on homeless. It should be UMI. Universal Minimum Income….under employed get less than unemployed up to a certain minimum livable combined income, fully employed (with living wages) get nothing….IMO. Sadly, a large portion of people can’t see what’s in that plan for them (no homeless, less crime dumbshits) so won’t consider it unless they also get $500 even though that’s not even a noticeable amount to them….one more ivory backscratcher.

bcglorf said:

I'm gonna have to be that guy. $500 a month for a family of four is $2k, which is a very good chunk of money to drop in your lap.

That works out the same as it they were on a single income, working 40 hour weeks at $10/hr, so almost equivalent to a full time job. No doubt that's gonna be a big deal and noticeable financial improvement to the recipient(s).

As always with UBI schemes, the devil is in how you pay for it. If it's truly universal, paying $500/month to ~330 million Americans would cost $1.98 Trillion dollars, meanwhile the current entire US gov budget for 2022 is estimated at $1.2 Trillion.

So, to implement $500/month universally in America would require not only increasing overall tax revenues by almost 50% it would also require the cancellation of 100% of every single other expenditure. That not includes military spending going to zero, but even cancelling the jobs of everyone that collects taxes and would presumably have been responsible for distributing the $500 checks.

If the 'fix' is to just tax the pants off anyone earning more than the $500/month, or limiting who we give it to, then it ceases to be a UBI scheme, and is instead just a mundane modification of the existing social security scheme by shuffling more money back and forth between different folks.

The simple tool that can open most US stores

spawnflagger says...

compare this to computer security flaws - typically the researchers that find the flaws disclose them to the public a few weeks after notifying the vendor.

but with the physical lock industry, this is a flaw that's been around for decades, that they refuse to fix because it would cost an extra $0.25 in metal for each door.

Vote While It Counts

newtboy says...

Not in the rest of the world. Why can’t America do what almost every other country can? Why do you degrade and hate America so much?
Other countries with voter id laws usually have ID laws that require everyone to have ID voter or not, and they’re usually free. They don’t require anything new or extra to vote.
They don’t have new requirements for an ID that costs money, requires physical documentation many poor people don’t have, can require multiple visits for hours to a dmv hours away only during business hours (sometimes forced into taking 3 full work days off just to get an ID) and they don’t routinely try to close places you can get a photo ID in areas dominated by their political opponents, Trumpsters do.

Close every photo ID outlet in every REPUBLICAN heavy county, reopen any closed in DEMOCRATIC districts, make it free, simple, and require no paper documents (a SS# and fingerprint should suffice), no appointments and no getting it done at AAA, and make drivers licenses not valid for this purpose….then we’ll talk. Until then, it’s obvious voter ID is a voter suppression attempt by the party that openly admits it cannot win any free and fair election ever.

🤦‍♂️

bobknight33 said:

Voter ID is a must.

Jury finds 3 men guilty for the murder of Ahmaud Arbery

newtboy says...

Apparently their deal with federal prosecutors to plead guilty and admit they murdered Ahmaud Arbery as a hate crime, only killing him because of his skin color is being temporarily rejected by the judge.

Somehow federal prosecutors thought it was acceptable to offer them their choice of their preferred prisons, including the most cushy “club fed” prisons, for the first 30 years of their life sentences as reverse punishment for the hate crime enhancement…lying to the judge and claiming the family agreed to this gift to the murderers. When the family found out and strongly objected, the plea deal was rejected by the judge at the last second.

WTF is this outrageousness!? A federal prosecutor offered not only no extra time, but a massive gift of unheard of preferential treatment for 30 years specifically because these racists murdered a man over his skin color….and almost got away with it even on a highly public case like this one….and the right still denies systemic racism.

I’m not hopeful for any repercussions whatsoever for the prosecutor that tried to help these racist murderers out….but there should be. WTEverlovingF?

Sioux Falls police officer delivers DoorDash order

newtboy says...

At first I was annoyed that a cop, in uniform on payroll and on duty, using his official police car, was delivering food as a side hustle.
When he said the delivery driver had been arrested (I can’t make out why) my estimation went from double dipping for extra cash to doing a good deed for an uninvolved citizen.

I was a delivery driver as a teen, delivering lunch to offices in Silicon Valley, so often $200- $400 orders. I once got in a wreck on a delivery and my first thought was “how do I deliver this food before it gets cold?”. Fortunately, our company used radios and they just sent another driver to make the delivery (and get my tip). I don’t know if door dash has the ability to reassign deliveries, but it’s nice (and out of character) of the officer to drop it off for free.

Biden’s first year as President: A Beatles remix

JiggaJonson says...

HEEEEEEEEEEEEY---------
When am i gonna see that extra $4k dollars a year from the 2017 tax bill trump signed---a lot of people forgot about that, but just now we're hitting the stride where we have to start paying for the tax cuts he gave himself and anyone else making $500k+ a year

I'm supposed to get an extra $4k back in my taxes from that, that's why I have to pay more in taxes now that they're sun-setting.
https://web.archive.org/web/20200306224327/https://www.washingtonpost.com/news/wonk/wp/2017/10/11/trump-says-corporate-tax-cuts-will-mean-4000-extra-i
n-your-pocket-economists-arent-so-sure/

Remember? Where's my $4k trumppy? where's my extra $4k EVERY YEAR!?!?
-----------------------
-----------------------
-----------------------
-----------------------
Oh but it saved jobs or something right? Is there an emoji for jacking-off an eggplant?

https://www.pbs.org/newshour/economy/making-sense/did-trumps-tax-cuts-boost-hiring-most-companies-say-no
https://www.theguardian.com/business/2020/mar/10/at-and-t-layoffs-jobs-slashed-trump-tax-cuts
https://publicintegrity.org/inequality-poverty-opportunity/taxes/trumps-tax-cuts/tax-law-offshore-jobs/

@bobknight33

bobknight33 said:

Not a good year for Joe.

Not a good year for the American pocketbook.

Biden’s first year as President: A Beatles remix

JiggaJonson says...

? how so ?

For the people who hate him and anything and everything he does maybe. As for me...

-------------------
-------------------

The bitch the former admin had in charge of the Department of Education tried to fuck me and everyone else who upheld their end of a 10 year contract to teach in inner city schools, with Joe Biden and im proud to say my own state rep

PASSED THROUGH BOTH HOUSES
SIGNED BY THE PRESIDENT
NOW IT'S LAW
https://www.govtrack.us/congress/bills/117/s848
Thanks to passing this, now the republican's aren't going to reneg on a 10 year agreement and turn that shit basically into a huge extra debt for me. That's good. Not to mention the recent ruling with predatory lending practices through NAVIENT. I been making double/triple payments on a student loan through them and still not cracked the principle balance for some reason. (the reason is, what they were doing is criminal) (thanks biden!)


PASSED THROUGH BOTH HOUSES
SIGNED BY THE PRESIDENT
NOW IT'S LAW
My brother became addicted to opioids after a tendon replacement in his heel. Almost OD'd- Biden signed / passed a bill to combat that https://www.govtrack.us/congress/bills/117/hr4981

Thanks Biden!!!


>PASSED THROUGH BOTH HOUSES
SIGNED BY THE PRESIDENT
NOW IT'S LAW
My daughter's rare neurodegenerative disease received funding to continue to study to treat and help prevent it in the future. That's good. https://www.govtrack.us/congress/bills/117/hr3537/text

Thanks Biden!!!


>PASSED THROUGH BOTH HOUSES
SIGNED BY THE PRESIDENT
NOW IT'S LAW
The American Rescue Plan https://www.govtrack.us/congress/bills/117/hr1319

Thanks Biden!!!


>PASSED THROUGH BOTH HOUSES
SIGNED BY THE PRESIDENT
NOW IT'S LAW
The Infrastructure Investment and Jobs Act
https://www.govtrack.us/congress/bills/117/hr3684

Thanks Biden!!!




Maybe not a good year if all your friends and fam are dying because they wear red hats instead of masks like fucking dumbasses.

bobknight33 said:

Not a good year for Joe.

Not a good year for the American pocketbook.

Please Clean Up Your Dog Poop



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