Posts Tagged ‘stupid’

“Fight Against Stupidity And Bureaucracy”

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We had it with the real estate market. Billions of dollars being lent to people who obviously couldn’t afford it.

We saw the trouble, hardship, misery and financial woes that were caused as credit dried up, real estate prices began to tumble, and bankruptcies and foreclosures increased.

And we know the damage it did to the economy when irresponsible banks and other lenders went bust and almost brought down the entire financial system. 

Smart people would learn from such a situation.

Smart people would never contemplate doing such a thing again.

But despite what they would like to have you believe, bankers are not smart people. They’re dumb and they are greedy, a deadly combination.

bad credit 100 percent financing

As a result of the financial crisis millions of Americans (and people in other countries too) have been left with poor credit scores. Yet remarkably they are now able to easily obtain auto loans from used-car dealers, including some who fabricate or ignore borrowers’ abilities to repay. Even if you are bankrupt or living only on social security, banks like Wells Fargo will lend you thousands of dollars to buy a used car.

It’s called the new sub-prime boom, because the lack of caution resembles the frenzied sub-prime mortgage market before its collapse. And it is already bringing misery to many people who have been suckered into taking out loans that they clearly could not afford.

Worse than that, these sub-prime auto loans often come with terms that take advantage of the most desperate, least financially sophisticated customers, with interest rates that can exceed 20 percent. And many of the loans can be at least twice the value of the second hand cars they are being used to purchase!

wall street car crash

This creates a vicious circle for some borrowers, who still owe money on a car that they are trading in when they purchase another one, meaning that the former debt is rolled over into the new loan and they end up, not just paying too much for their current car, but also continue to pay off the loan on their previous car that they don’t even have!

This is the way loan sharks operate. Eventually you end up borrowing your own money and paying them interest for the privilege!

This surge in sub-prime auto lending is being driven by some of the same dynamics that were at work in sub-prime mortgages. There is a veritable deluge of money pouring into sub-prime autos, as the high rates and steady profits of the loans attract investors.

And just as Wall Street stoked the boom in mortgages, some of the nation’s biggest banks and private equity firms are now feeding the growth in sub-prime auto loans by investing in lenders and making money available for loans.

To quote some of the figures, auto loans to people with bad credit have risen more than 130 percent in the five years since the immediate aftermath of the financial crisis, with roughly one in four new auto loans last year going to borrowers considered sub-prime, that is, people with credit scores at or below 640. Wells Fargo, mentioned earlier, made $7.8 billion in auto loans in the second quarter of this year, up 9 percent from a year earlier, and has at least $50 billion in auto loans on its books.

greedy bankers

Even worse, as was the case with sub-prime mortgages before the financial crisis, many sub-prime auto loans are being bundled up into complex bonds and sold as securities by banks to insurance companies, mutual funds and public pension funds. They are all scrambling for these, which in turn creates ever-greater demand for loans, and leads to the banks issuing more and more sub-prime credit.

Unbelievably it’s the same crooks doing exactly the same thing, including using incorrect information about borrowers’ income and employment, so that people who had lost their jobs, or were bankrupt, or living on Social Security, could qualify for loans that they could never afford.

carbuying credit report

Admittedly, the size of the sub-prime auto loan market is only a tiny fraction of the sub-prime mortgage market at its peak, and its implosion would not have the same far-reaching consequences.

For the banks the investors silly enough to buy their bonds, that is.

But the misery is just as great for the people who are suckered into accepting credit they cannot afford.

Illegal it may not be, but immoral it certainly is.

Political leaders who sit astride high horses and purport to be working on behalf of the ordinary people should be doing something about it.

But, as I’ve said before, don’t hold your breath!

obama used car salesman

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Why Are The Bureaucrats Destroying What Made America Great?

Posted: July 20, 2014 in Business, Current Events, Factoids, Politics, Rants
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“Fight Against Stupidity And Bureaucracy”

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The Sunday Sermon

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Since the government and bureaucrats in the United States abandoned the business-friendly environment that made the country the greatest and wealthiest nation on earth, and replaced that with a legislative and wealth redistributing strategy that is anything but business-friendly, there has been a growing trend for successful companies to leave the US.

It should have been obvious – and indeed it was – to everyone but the morons in Washington. 

 

obama cartoon big government

The latest to try to make a move out of the United States is the pharmaceutical giant AbbVie, currently based outside Chicago, Illinois, but not for much longer if they get their way.

Using a $53 billion acquisition of the Jersey-registered, Irish-headquartered global specialty biopharmaceutical company “Shire”, a deal that will allow Abbvie to reincorporate elsewhere, it plans to leave the high tax US for a more advantageous business environment.

By making this move and escaping United States tax rates, Abbvie will pay lower taxes on its international earnings, get access to overseas cash more cheaply, and be able to acquire other companies without making their earnings subject to United States taxes.

Abbvie

And Abbvie is not alone.

There has been a rush of companies wanting to get out of the United States. Health care companies in particular, such as Medtronic, Mylan, Actavis, Perrigo, Jazz Pharmaceuticals and Endo, have pursued these “inversion deals”, as they are called, with particular zeal.

The moral of the story is simply this.

When a country forgets what has made it great and instead turns into something quite the opposite, all the reasons for its greatness disappear. And the United States is doing this at a time when it is heavily in debt – the most indebted nation in the world by a long way.

The short-termism of trying to grab as much money as possible from companies and individuals will end in failure and disaster for all. People like Obama try to put a fancy misleading name on it and call it “wealth redistribution”. What it really is, is a major disincentive for anyone to want to set up and do business in the United States.

redistribution-of-wealth

And as you would expect, the idiots in Washington aren’t scratching their heads and wondering why more and more companies are opting to leave the US. Instead the bureaucrats are trying to think of ways to make it illegal for companies like Abbvie to adopt this strategy. 

Treasury Secretary Jacob J. Lew has already sent letters to senior members of Congress, encouraging them to pass legislation halting inversions. The legislation being considered by some lawmakers would be retroactive, and if passed, could impede AbbVie’s ability to reincorporate overseas.

Treasury Secretary Jacob J. Lew

And proving that stupidity is a cross party phenomenon, on Thursday, Senator Orrin G. Hatch, the Utah Republican who is the ranking member of the Senate Finance Committee, responded to calls from the Obama administration to crack down on inversions by saying he supported a short-term fix, although he suggested that the administration’s initial proposal went too far.

Senator Orrin G. Hatch

It seems fairly logical in my mind that the way to stop this growing exodus, which in the longer term will leave the US a lot poorer and a lot more of its citizens out of work, is to legislate to reduce tax bills, not increase them; to give businesses an incentive to invest and expand in the United States, not to drive them away; and to encourage entrepreneurs to relocate TO the US rather than scramble to get out.

Of course, that’s just in my head. All that is in the heads of the idiot bureaucrats in Washington is self-defeating rubbish like increase minimum wages, increase healthcare contributions, increase taxation, introduce capital controls, increase government bureaucracy so more debt is piled up and the USD$ weakens further, and of course start a few more wars to distract the people from the mess that is being made at home.

So, to pose the question in the title of this post again, why are the bureaucrats destroying what made America great?

Your guess is as good as mine, although while some obviously have malicious intent, I wouldn’t entirely rule out plain old stupidity!

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“Fight Against Stupidity And Bureaucracy”

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A little nerdy pun in the title to set the tone for today, because it’s another Pun Day.

Some more plays on words, which you will either….

Enjoy or endure!

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rofl

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I was thinking of getting a tattoo on my palm

On the other hand I might not bother.

tattoo on my palm

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I’m giving away a free gate.

Honestly, there’s no catch.

gate

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A Rastafarian just gave my friend a haircut.

He looks dreadful.

Rastafarian

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Just been thinking, Hooters should do a home delivery service.

They could call it Knockers.

Hooters

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Whenever anybody asks what I do.

I tell them I’m a Thai boxer, to make myself sound hard.

Sounds better than telling them

I pack men’s neckwear in a warehouse.

muay_thai_boxers

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I find it difficult to count in

Roman numerals until the number 159.

Then it just CLIX.

CLIX

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If you’d like to know more about bulimia,

just do a Google search and see what it throws up.

bulimia

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I used to live in a tire, but it got a puncture.

Now I just live in a flat.

flat tire

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Statistically speaking,

the word “duck” is 75% obscene.

duck

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To those men who whinge and whine

saying it’s too hard to cultivate apples,

I say, “Grow a pear.”

pear

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I want to thank my friend, who looked up

“Agglomeration” for me in the dictionary.

It means a lot.

agglomeration

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Do you think that a Clairvoyants meeting has

ever been cancelled due to unforeseen events.

Clairvoyant

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I’ve written a book about

an Apartment block for Midgets.

It’s a collection of short storeys.

Lego Apartment block

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My Korean friend died last week.

So Yung…

Korean flag

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Apparently Matt Damon believes in two things:

Sequels, and reincarnation.

Basically, he thinks he’ll be Bourne again.

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“Fight Against Stupidity And Bureaucracy”

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To give you a bit of a break from the normal quiz day – yes, I’m still watching the World Cup football and the final was yesterday. Well done Germany, commiserations Argentina. 

So instead here is one taken by other people.

Twenty questions from a SAT Science Exam and, as well as being amusing, it is also a good commentary on  the state of the education system these days.

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Quiz 03

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Q: Name the four seasons.

A: Salt, pepper, mustard and vinegar.

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Q: Explain one of the processes by which water can be made safe to drink.

A: Flirtation makes water safe to drink because it removes large pollutants like grit, sand, dead sheep and canoeists.

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Q: How is dew formed?

A: The sun shines down on the leaves and makes them perspire.

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Q: What causes the tides in the oceans?

A: The tides are a fight between the Earth and the Moon. All water tends to flow towards the moon, because there is no water on the moon, and nature abhors a vacuum. I forget where the sun joins in this fight.

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Q: What guarantees may a mortgage company insist on?

A: If you are buying a house, they will insist you are well endowed.

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Q: What are steroids?

A: Things for keeping carpets still on the stairs.

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Q: What happens to a boy when he reaches puberty?

A: He says goodbye to his boyhood and looks forward to his adultery.

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Q: Name a major disease associated with cigarettes.

A: Premature death.

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Q: What is artificial insemination?

A: When the farmer does it to the bull instead of the cow.

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Q: How can you delay milk turning sour?

A: Keep it in the cow.

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Q: How are the main parts of the body categorised? (e.g., abdomen.)

A: The body is consisted into three parts – the brainium, the borax and the abdominal cavity. The brainium contains the brain, the borax contains the heart and lungs, and the abdominal cavity contains the five bowels, A, E, I, O and U.

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Q: What is the Fibula?

A: A small lie.

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Q: What does “varicose” mean?

A: Nearby.

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Q: What is the most common form of birth control?

A: Most people prevent contraception by wearing a condominium.

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Q: Give the meaning of the term “Caesarean Section”

A: The caesarean section is a district in Rome.

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Q: What is a seizure?

A: A Roman emperor.

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Q: What is a terminal illness?

A: When you are sick at the airport

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Q: Give an example of a fungus. What is a characteristic feature?

A: Mushrooms. They always grow in damp places and so they look like umbrellas.

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Q: What does the word “benign” mean?

A: Benign is what you will be after you be eight.

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Q: What happens to your body as you age?

A: When you get old, so do your bowels and you get intercontinental.

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“Fight Against Stupidity And Bureaucracy”

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I hate to have to say “I told you so” (actually I love it), but in last week’s Sunday Sermon I was on a well worn theme of mine, the blundering stupidity of American foreign policy – if you can even call it a policy. Particularly the current American lust for getting involved in the turmoil in the Ukraine. (If you want to recap, click here…)

Russia Ukraine map

I offered the theory that it was not unreasonable for a Russian leader like Putin not to want a fully nuclear armed Ukraine as anything other than an ally on his doorstep. And to try to clarify the position from his point of view I used the example of how America reacted (rightly) when the Russian leader of the 1960s, Khrushchev, tried to do the same thing in Cuba – right on America’s doorstep.

Well, I can’t take a great deal of credit for what happened next. It was an obvious consequence of American interference in Ukraine. Obvious to everyone that is except the morons in Washington.

Yes, Valdimir Putin paid a visit to Cuba this week.

Putin Castro

His message could not be clearer, again to everyone except the Congress, Senate, White House, State Department, and the rest. For their benefit rather than the readers’, Putin’s message is simple  –  if you want to **** in my back yard, then I can **** in yours too.

The Cuban economy is in dire straits. The Russians have already forgiven the substantial multi-$billion debt owed to them and will no doubt follow that up with a new infusion of money to help the country out.

The smart move for America would be to immediately end the now pointless economic embargo of Cuba (the desk drawers of the hypocrites in Washington are full of boxes Cuban cigars anyway!) and open up new friendlier relations. I think America would be surprised just how amenable the Cubans would be to better relations with them.

Box of Cuban Cigars

But they’d better act fast.

If they adopt their usual short-sighted warmongering posture, then Russia’s influence will only get stronger and its presence ever closer to American shores. I don’t think anybody wants that outcome.

So come on America, do something smart this time.

The world is watching!

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“Fight Against Stupidity And Bureaucracy”

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But I can still describe today 

-  it’s Pun Day!

Enjoy or endure!

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rofl

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If you think you dream in color,

is it just a pigment of your imagination?

dreaming in color

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My boss fired me for complaining about the office escalator,

It didn’t go down well.

office escalator

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First guy: “What would you do if your son told you he was gay?”

Second guy: “I’d buy him a straight jacket.”

straight jacket

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Paddy goes for a job interview at a chemical factory.

The manager asks, “Have you worked with chemicals before?”

Paddy replies, “Yes.”

The manager then asks, “Can you tell me what nitrate is?”

Paddy replies, “Yes, it’s time and a half.”

job interview cartoon

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I was on holiday in the Alps

when I saw a sign saying ‘Ski Hire’.

So I went a bit further up the slope.

ski hire

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I’ve just bought a shire horse.

As if my other horse wasn’t shy enough.

shire horse

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I keep having recurring nightmares where

I’m in a hospital surrounded by loads of pregnant women.

Could I be going through a midwife crisis?

cartoon hospital

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I’ve just got a job testing hover boards.

The money’s not great,

but it keeps me off the streets.

hover boards

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Pirate cheerleaders have it easy.

“Give me an R!”…

Pirate cheerleaders

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A guy came up to me the other day and said,

“I’m a 3-5 stringed instrument of the harp family,

popular among nobles in medieval Europe.”

I said, “You’re a lyre!”

 

lyre

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It will be Google’s birthday soon.

They’re planning a search party.

Google’s birthday

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I went for a depression test.

Came back negative.

Oh, NO!

depression test

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I rang SeaWorld the other day,

because I wanted some information.

Before I got through to an employee,

I got a tape telling me

“This call may be recorded for training porpoises.”

training porpoises

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If someone asks you to

spell “Part A” backwards,

don’t do it.

It’s a trap……

a trap

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Steppenwolf was an assumed name.

He was born Toby Wild.

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“Fight Against Stupidity And Bureaucracy”

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Are you are looking for some really funny jokes?

Well, never mind.

Try these instead.

It’s Pun Day!

Enjoy or endure!!

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rofl

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I just saw a bird playing chess in the park.

Toucan play at that game.

toucan

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If a vacuum is a volume of space

that contains no matter or particles,

why did someone bother to invent a cleaner for it?

vacuum cleaner

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My son got straight A’s in his italics exam.

Which actually cost him quite a few marks.

straight A's

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24 years ago today the doctor delivered me.

I can’t believe I’ve survived so long without a liver.

liver

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I just bought my 6 month old son one of those baby bouncers.

£10 an hour but he keeps the kid safe

bouncer

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My wife used to be a regular customer at McDonalds.

These days, she’s more of a large.

McDonalds

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Hearing aid for sale.

Give me a shout if you’re interested.

Man uses an ear trumpet

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A man came up to me and said,

“Sorry, sorry, sorry, sorry, sorry, sorry, sorry.”

I said, “That is very annoying.”

He said, “Well I can only apologize.”

sorry

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I’m lucky, I can always count on my wife.

She wears a lot of beads.

a lot of beads

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“What’s done cannot be undone.”

They obviously didn’t have shoelaces in Shakespeare’s day.

What's done cannot be undone

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So these two morons were making fun

of an old guy on the bus yesterday.

My friend said,

“You have to respect him, he’s a Vietnam vet.”

They just said

“What’s it to us if he helps animals in Vietnam.”

Vietnam vet

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Why did I say I’d win that giant butterfly contest?

Me and my big moth.

big_AZZ_moth

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I just saw two bits of sellotape stuck to a lamppost.

Must have been a missing poster.

funny-missing-picture

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My girlfriend was devastated to find out

that my friends call me

‘The Love Machine’

because I’m terrible at tennis.

terrible at tennis

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Finally for today, this ring cymbalizes so much to me.

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http://instantrimshot.com/index.php?sound=rimshot&play=true

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“Fight Against Stupidity And Bureaucracy”

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I couldn’t make my mind for a while whether that title was a pun or a fabulous fact.

But it’s Pun Day, so a play on words it is.

Enjoy or endure!

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rofl

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My uncle works for a company

that makes bicycle wheels.

He’s the Spokesman.

bicycle wheel spokes

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Police, “You’re under arrest for trespassing.”

Me, “On what grounds?”

no trespassing sign

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I know a guy who in his spare time likes to dress up as a knight,

and jump over 20 parked cars on a horse.

I call him Medieval Knievel.

Medieval Knight

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Having fake teeth.

That’ll denture confidence

dentures

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I actually tried plane sailing the other day….

It’s not as easy as it’s made out to be.

cartoon plane sailing

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Why do elephants have big ears?

Because Noddy wouldn’t pay the ransom.

Big Ears

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My wife always gets annoyed when I leave her out.

Especially if it’s raining.

woman in rain

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Arkansas is just Kansas with pirates.

Pirates

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Once when I was in Chicago I did 35 press-ups in a row…

The elevator attendant looked pretty annoyed.

elevator buttons

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I’ve spent my entire life researching the multiples of zero,

my career has amounted to nothing. 

lots of zeros

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I asked my friend the other day, “Where’s your mum from?”

He replied, “Alaska.”

I said, “Don’t worry, I’ll ask her myself.”

Alaska

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I saw a man with a trolley

full of horseshoes and rabbits’ feet earlier,

trying to get it up a hill.

I thought, “He’s pushing his luck.”

horseshoes and rabbits' feet

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Some people say it’s sick and perverted to be a flasher.

I think it shows a lot of balls.

cartoon flasher

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A Zen master once said to me,

“Do the opposite of whatever I tell you.”

So I didn’t.

cartoon zen master

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I was referred to Dr. Dre the other day,

I have to go in for a hip-hoperation.

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“Fight Against Stupidity And Bureaucracy”

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Now there’s a headline. Let’s repeat it…

Obama says Iraq’s government needs help!

Long live hypocrisy!

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Time for a Sunday Sermon I think!

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Iraqi flag

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I say hypocrisy for one simple reason, Obama  -  remember him, the man who was getting all the troops OUT of Iraq  -  wants to send them back in again because of the almighty mess that America, Britain and other western nations made blundering about in a country they didn’t understand.

It’s worse than that, of course, because Obama wants to send the troops back into Iraq to help stave off attacks by radical Islamists who have been making inroads in various parts of Iraq and are now threatening to close in on Baghdad itself.

This what he said, “I don’t rule out anything, because we do have a stake in making sure that these jihadists are not getting a permanent foothold in either Iraq or Syria.”

But hang on a minute.

There’s that stench of hypocrisy again.

Are these not the very same terrorists who Obama is supporting financially and with arms shipments in Syria?

They may have different names in different countries but these terrorists collectively want to establish an Islamic state in the region that surpasses national boundaries and governments. And from there, who knows?

It really is that simple. But it seems American foreign policy is in its usual state – completely confused, completely devoid of logic and good sense.

The mess that has been left behind in Iraq is catastrophic.

The country has more or less disintegrated politically and militarily, with Islamic militants capturing the country’s second-largest city this week after soldiers scattered, leaving their uniforms and weapons behind. So much for the $15 billion Washington (i.e., the American taxpayer) has already provided in training, weapons and equipment to the Iraqi government!

The result of this capitulation is that at least half a million ordinary citizens are understandably fleeing as the terrorists gain ground.

America’s ‘re-intervention’ will start with air strikes, possible using drones. But the chances of that doing anything more than temporarily halting the terrorists are slight. Next will come increased supplies of arms and equipment for the ‘official’ Iraqi forces. And then ‘advisors’ will be sent in  –  they’re probably already there, their presence will just be officially acknowledged.

There was a strong indication of what will come after that, when White House spokesman Jay Carney said. “We are not contemplating ground troops, I want to be clear about that.”

I have seldom seen a clearer admission that the White House is actively considering sending ground troops back into Iraq!

SoS Kerry has been wheeled out again to tell the world that the situation presently is not just a threat to Iraq, but to the United States and the rest of the world. We all know that John. What we also know  -  and what you don’t  -  is that more blundering about in a situation you do not understand, more young American live sacrificed for nothing, and more brave souls maimed for life to satisfy political whims won’t make things any better.

Will common sense ever prevail? Sadly I very much doubt it. The lack of understanding exhibited by the politicians seems to span all parties.

The lunatics are in charge of the asylum.

So there’s more stupidity on the way!

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Ethno-religious map of Iraq

Ethno-religious map of Iraq, courtesy of the Washington Post

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“Fight Against Stupidity And Bureaucracy”

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But no shock that today is another Pun Day!

Enjoy or endure!!

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rofl

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Just opened my Electric bill and my Water bill at the same time.

I was completely shocked.

Utility-Bill

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The man who invented Velcro has died.

RIP

Velcro

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Keifer Sutherland was held up by Homeland Security

when he flew into LA airport for the

filming of the first episode of a new TV series.

They asked him the purpose of his visit and he said,

“I’m here to shoot a pilot.”

Keifer Sutherland with gun action shot

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My great uncle was so stubborn,

when he died, he left a won’t.

so stubborn

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“You make a very good cuppa,” she said.

“It’s my special tea,” I replied.

cup of tea

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I fell down a really deep dark hole today.

I just couldn’t see that well.

well

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There are countless films without Dracula in them.

dracula risen-fangs

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Just read a really sad story about how

blind people get used to new surroundings…

Touching stuff.

blind people touching

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I’ve decided to stop wearing my glasses.

It makes me look harder.

Worker looking forward, covering eyes from the sun

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 A rule of grammar:

double negatives are a no-no.

The-Simpsons-s11e06-Hello-Gutter-Hello-Fadder

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So here I am trekking through the woods……

hang on, bear with me

trekking through the woods

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Weighing an elephant is just like weighing a human.

But on a much bigger scale.

Weighing an elephant

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I asked my boss if I could leave half an hour early the other day.

He said, ” Only if you make up the time.”

I said, ” OK. It’s 35 past 50.”         

time-management-clock

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I work in McDonald’s and a customer was rude to me today,

so I got him back by not putting any Coke in his drink.

Just ice was served.         

glass of ice cubes

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Brian May is a slightly more optimistic version of Brian Cant.         

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