Scary Graph: Home Prices Drop 1.9% In October

Remember, Democrats took over congress in 2007- Click for larger image

This is not good.

Via Calculated Risk:

CoreLogic … today released today released its October Home Price Index (HPI) which shows that home prices in the U.S. declined for the third month in a row. According to the CoreLogic HPI, national home prices, including distressed sales, declined by 3.93 percent in October 2010 compared to October 2009 and declined by 2.43 percent* in September 2010 compared to September 2009. Excluding distressed sales, year-over-year prices declined by 1.5 percent in October 2010 compared to October 2009. …

“We are continuing to see the weakness in home prices without artificial government support in the form of tax credits. The stubborn unemployment levels and seasonality are also coming into play,” said Mark Fleming, chief economist for CoreLogic. “When you combine these factors with high shadow and visible inventories, the prospect for a housing recovery in early 2011 is fading.”

2011 is shaping up to be another rough year economically.

Thursday Night Quick Hits: The Lego Terminator T-800 Edition


“Underneath, it’s a hyperalloy combat chassis”:

This bust of the classic Terminator frame is incredibly detailed and wonderfully menacing. Martin Latta has done a most excellent job. While the actual Terminator is awesome, that base just makes it that much better and complements the build perfectly. This is one of those that I would like to own.

What Would The Founders Think?: Bill of Rights Celebration Event

No Labels Steals a Logo: After all, Even Undercover Leftists Believe in Redistribution

Emanuel Cleaver’s $48 Billion Earmark To Redistribute Wealth

Citizen-Soldiers: On Guard for 374 Years

Congress is having a pig roast and you aren’t invited:

The media confuses pork with earmarks. An earmark is simply a member allocating funds to a specific project in his/her district. Like they should be doing as you hired them to represent your interests and bring federal tax dollars back to your district. Now, without a doubt, it may be wasteful and we may not like it, but that’s why you hold them accountable at the ballot box.

Pork, on the other hand, is just wasteful spending from with-in a bill. Which is what you will have with this budget. The $8 billion in earmarks, assuming they are eliminated, will still stay in the bill. Now it can be spent wherever dingy Harry decides. Eliminated earmark funding converts to discretionary funding. Congress loves general funds. Slush funds are their idea of nirvana. They can waste it any way they choose without worrying about silly little details like accountability. Accountability which you are demanding they remove.

The lead singer of the band from New Jersey that is not Bruce Springsteen has joined Obama’s White House.

Dear Santa, please leave coal in the Federal Reserve’s stockings

What Europe Should Do about the Euro Crisis

Lego Black Ops…

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Stupid is as Politico does

Whatever… Facebook Billionaire Founder Mark Zuckerberg Named Time’s Person of the Year over Tea Party Movement

Debbie Stabenow (D-MI) Wants To Cede 65 Million+ Global Vehicle Market For Green Energy


The dangerously incompetent Democrat, Debbie Stabenow, is a big supporter of a command and control economy.

In Mrs. Stabenow’s brilliance she, and her fellow Democrats, want to cede an existing 65 million+ a year global vehicle market in favor of ‘green energy production.’

Other countries are investing heavily in green technology. Unfortunately, the United States has been behind the curve. The good news is that we are beginning to catch up – the American Recovery and Reinvestment Act included $2 billion for advanced battery research and manufacturing; it also included a new tax credit to encourage the manufacture of renewable energy products. Those are the kinds of investments we need to continue making to help create a clean energy future while also saving and creating manufacturing jobs in America.

Command and control. Stabenow wants us to turn our back on an actual and increasing market (2010 production is forecast at more than 2008 levels) to chase a dubious and economically flawed venture. Furthermore, the United States does not produce Lithium (the main ingredient in Li-Ion batteries) or the rare earth materials required in electric motors or solar panels.

Increasingly, countries such as India, China and even Turkey are rapidly increasing their automotive production to improve their economies while we are turning our backs on it.

A balanced energy policy can revitalize America’s manufacturing sector, creating good-paying jobs and strengthening our middle class.

Low cost energy and not the heavily subsidized ‘green energy’ will strengthen our ENTIRE economy. Energy is the foundation of all economies.

A wind turbine contains over 8,000 individual parts: nacelles, rotors, rotor blades, gearboxes, brakes, generators, yew mechanisms, electronic controllers, hydraulics systems, cooling units, towers, anemometers – even simple wind vanes. Why not build those right here in America? In fact, we can! I am proud to say we can build all 8,000 parts in Michigan.

Guess what, if a country like Turkey or India can produce a car, they can build windmills as well.

By the way, modern cars contain more than 8000 components.

We cannot just use green technologies; we have to make them in the United States. Recent history has shown what happens when we rely primarily on foreign sources of energy: we subject ourselves to less-than friendly international governments who can manipulate supplies to increase prices and hurt the American people. If they can do it with oil, they can do it with wind turbines. We must not allow it.

Bolivia, the number one exporter of lithium, is not exactly friendly towards the United States. What happens if they stop exporting lithium?

When you boil it down, the United States and Michigan are very expensive places to do business. We have the highest corporate tax rates, complex accounting rules (Sarbanes- Oxley), draconian laws including insane environmental laws, high labor costs and increasingly expensive energy costs. Why do business in the U.S. or Michigan?

If Debbie Stabenow really wanted to help the ‘middle class’ and improve the manufacturing climate, she would drop the command and control economy agenda and work to make the United States more business friendly.

She won’t of course. Stabenow like all liberals, wants power and authority.

Tuesday night Quick Hits: The Ken Jennings vs. Supercomputer Edition

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Jeopardy: Ken Jennings vs. Supercomputer

IBM is working to build a computing system that can understand and answer complex questions with enough precision and speed to compete against some of the best Jeopardy!contestants out there.

This challenge is much more than a game. Jeopardy! demands knowledge of a broad range of topics including history, literature, politics, film, pop culture and science. What’s more, Jeopardy!clues involve irony, riddles, analyzing subtle meaning and other complexities at which humans excel and computers traditionally do not. This, along with the speed at which contestants have to answer, makes Jeopardy! an enormous challenge for computing systems.

Code-named “Watson” after IBM founder Thomas J. Watson, the IBM computing system is designed to rival the human mind’s ability to understand the actual meaning behind words, distinguish between relevant and irrelevant content, and ultimately, demonstrate confidence to deliver precise final answers.

Known as a Question Answering (QA) system among computer scientists, Watson has been under development for more than three years. According to Dr. David Ferrucci, leader of the project team, “The confidence processing ability is key to winning at Jeopardy! and is critical to implementing useful business applications of Question Answering.”

Is it me, or are we getting closer to SkyNet?

WikiLeaks and the Fourth Estate

Oh no, not those wacky, crazy, largely non-existent Moderates again!

why does anyone need a wearable solar panel?

Why?

I couldn’t agree more: Bring on the Nativity Scenes… 74% of Americans Support Religious Symbols & Displays on Public Land During Holidays, More People Less Joyous, More Stressed This Year

The GOP looks as if it will fail its first test

A green project I can support.

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Phantom Ray hitches ride on 747

EPA and Peace Corps Sign a Memorandum of Understanding

Today, U.S. Environmental Protection Agency (EPA) Administrator Lisa P. Jackson and Director of the U.S. Peace Corps, Aaron Williams, announced a Memorandum of Understanding to facilitate stronger institutional ties between the two organizations. The MOU will explore opportunities to collaborate on a wide range of environmental issues — including efforts to bring cleaner cookstoves to millions in the developing world — while engaging young people, expanding the conversation on environmentalism, and supporting local solutions for communities here at home and around the world.

Gotta Love Texans…

After reading this I just know Obamacare is going to rock!

About Those WikiLeaks

With all the news, noise and spin that is happening, it is really important not to get distracted.

The WikiLeak indecent is a perfect example.

The State Department documents are now out in the open. If anyone was going to do anything about the leak, the time to act was months ago. Worrying and arguing about them today is academic and not worth conservatives time or energy. It is a distraction and nothing more.

motorcitytimes.com: December 1st, 2010

It seems George Friedman at STATFOR agrees with me:

The diplomatic leaks are similar. There is precious little that was revealed that was unknown to the informed observer. For example, anyone reading STRATFOR knows we have argued that it was not only the Israelis but also the Saudis that were most concerned about Iranian power and most insistent that the United States do something about it. While the media treated this as a significant revelation, it required a profound lack of understanding of the geopolitics of the Persian Gulf to regard U.S. diplomatic cables on the subject as surprising.

U.S. Defense Secretary Robert Gates’ statement in the leaks that the Saudis were always prepared to fight to the last American was embarrassing, in the sense that Gates would have to meet with Saudi leaders in the future and would do so with them knowing what he thinks of them. Of course, the Saudis are canny politicians and diplomats and they already knew how the American leadership regarded their demands.

There were other embarrassments also known by the informed observer. Almost anyone who worries about such things is aware that Italian Prime Minister Silvio Berlusconi is close to the Russians and likes to party with young women. The latest batch of leaks revealed that the American diplomatic service was also aware of this. And now Berlusconi is aware that they know of these things, which will make it hard for diplomats to pretend that they don’t know of these things. Of course, Berlusconi was aware that everyone knew of these things and clearly didn’t care, since the charges were all over Italian media.

I am not cherry-picking the Saudi or Italian memos. The consistent reality of the leaks is that they do not reveal anything new to the informed but do provide some amusement over certain comments, such as Russian Prime Minister Vladimir Putin and President Dmitri Medvedev being called “Batman and Robin.” That’s amusing, but it isn’t significant. Amusing and interesting but almost never significant is what I come away with having read through all three waves of leaks.

As pointed out @ MCT, the WikiLeaks were not, and not, a big deal. Banning offshore oil drilling and the damage it is causing our economy.

Real energy (not the wind or solar nonsense) and raw material production is the foundation of a strong economy. Obama’s latest oil drilling ban is not only going to destroy all the direct and indirect jobs in the effected areas, this ban will spread higher prices for virtually everything across the entire economy, causing further damage.

Again, conservatives should not get tripped up in the”scandal of the week” and remain focused on what is truly important.

This is a much bigger deal.

Taking Stock of WikiLeaks is republished with permission of STRATFOR.

Details Of Detroit’s Consolidation Plan Are Emerging

Detroit’s Democrat Mayor, David Bing, is letting fragments of his plan to shrink Detroit seep out to the public.

Via the WSJ:

More than 20% of Detroit’s 139 square miles could go without key municipal services under a new plan being developed for the city, with as few as seven neighborhoods seen as meriting the city’s full resources.

Those details, outlined by Detroit planning officials this week, offer the clearest picture yet of how Mayor Dave Bing intends to execute what has become his signature program: reconfiguring Detroit to reflect its declining population and fiscal health. Yet the blueprint still leaves large legal and financial questions unresolved.

Until now, the mayor and his staff have spoken mostly in generalities about the problem, stressing the need for community input and pledging to a skeptical public that no resident would be forced to move.

But the approach discussed by city officials could have that effect. Mr. Bing’s staff wants to concentrate Detroit’s remaining population—expected to be less than 900,000 after this year’s Census count—and limited local, state and federal dollars in the most viable swaths of the city, while other sectors could go without such services as garbage pickup, police patrols, road repair and street lights.

This is what happens after 50 years of Liberal Democrat mismanagement.

Detroit was a laboratory for LBJ’s Great Society program that forced the Federal government upon (mostly) urban America, in an effort to create equality. Today, LBJ’s dream has proven an unmitigated disaster.

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As pointed out before:

Detroit was once a great city. It was the Arsenal of Democracy, the Automotive Capital of the world and boasted the highest per capita income for any major city in the world.

In the early 1960′s Detroit started its decline. Nearly 50 years later, it is a shell of its former greatness.

Detroit is an illustration of the complete failure of Liberalism and the Democrat politicians that embrace the progressive agenda.

Sunday Afternoon Quick Hits: The Selling Stuff On Craigslist Edition

If you have trouble describing furniture your used furniture you are trying to sell on Craigslist, here is a handy-dandy flow chart to help you out:

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Bizarre: Obama Avoids Tough Questions at Tax Cuts Press Conference by Ditching It for Christmas Party, Has Bill Clinton Take Control (video)

Conservative Perspective’s favorite Christmas song… I’ll be posting my all time favorite soon. (Note to theCL- It does not involve Paul Gilbert or Joe Satriani)

Speaking of the Classic Liberal: Ron Paul to Oversee Federal Reserve

Not everyone is enamored with windmills: Local wind farms face growing storm of protests

Christmas light display turned video game:

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What Would The Founders Think web site has a cool feature: Interactive Crossword puzzles.

Obama=Reagan? ……In a word. No…..Obama=Carter is more like it.

Tax bill packed with perks

Why does this sound familiar? Britain’s broken education system:

The findings show that, despite the huge rise in spending on education over the past decade, the impact has been limited. In fact, in countries like Germany and Hungary that had similar rankings as England in the survey, the spending per student was just £40,000 and £28,000 respectively while England spent £54,000. It also emerged that only seven other OECD countries spend more per student than the UK. It is not so much the high spending that is the concern here; it is its ineffectiveness. The government have thrown money at education and these results show that it is not the solution.

The failure of socialism is the reason America is doomed

Spellchek is rocking out today

A picture is worth a thousand words.

Who Were The Greatest Con Artists of the Wild West?