Owners Stop Paying Mortgages, And Stop Fretting

Already, months ago - RHP carried a link that suggested the `recovery' was in part being fueled by `homeowners' spending on other things, rather than the mortgage - talk about a false recovery. (The MSmedia is just starting to pick this up.) - Quotes include:
Foreclosure has allowed them to stabilize the family business. Go to Outback occasionally for a steak. Take their gas-guzzling airboat out for the weekend. Visit the Hard Rock Casino.
“Instead of the house dragging us down, it’s become a life raft,” said Mr. Pemberton, who stopped paying the mortgage on their house here last summer. “It’s really been a blessing.”http://www.cnbc.com/id/37446571  Economy Cheerleading - RHP

Now, for some Libertarian links about the Convention last weekend (oh, you mean you didn't hear a word on the MSM? - boy is that a surprise).
First - the fundraiser - http://www.independentpoliticalreport.com/2010/05/libertarian-party-national-convention-fundraising-banquet-does-well/comment-page-1/
Second - Root Fails - http://www.lvrj.com/news/root-falters-in-bid-to-grab-top-libertarian-party-national-post-95246904.html?ref=904
Third - Appeal to TeaParty - http://interact.stltoday.com/blogzone/political-fix/political-fix/2010/05/libertarian-party-ponders-appeal-to-tea-party-followers/  - The Libertarians - RHP

And, from the you can't make this up department - Texas cops mistake actual weed for marijuana, spend hours doing yard work - http://rawstory.com/rs/2010/0522/largest-marijuana-plant-seizure-police-departments-history-turns-mere-yard-work/ - The drug war - RHP.

Thanks for visiting RHP today ---> My sidebar usually has `strange' advertisers to check out ---->

States Face a $1 Trillion Shortfall for Retirees

The state `leaders', nearly all republinuts and democraps - are hardly any better than the crappola we put up with in D.C. -- ONLY 4 states have this covered - Real Heavy Politics - http://www.dailyfinance.com/story/taxes/states-face-a-1-trillion-shortfall-for-retirees/19363681/?

 http://www.latimes.com/news/nationworld/nation/la-na-traffic-cameras20-2010feb20,0,7499882.story?track=rss&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+latimes%2Fnews%2Fnationworld%2Fnation+%28L.A.+Times+-+National+News%29 Arizona speed cameras incite a mini revolt - The politicians and cops love these - I don't remember the people asking for this monitoring - do you?

Top Earners Averaged $345 Million in 2007, IRS Says - http://www.businessweek.com/news/2010-02-18/top-400-earners-in-u-s-averaged-345-million-in-2007-irs-says.html And paid an average tax rate of 16.6% ---- and the republinuts want to cut taxes on the top echelon. RHP.

Five Million Workers to Exhaust Unemployment Benefits by June - http://www.calculatedriskblog.com/2010/02/five-million-workers-to-exhaust.html AND, when the unemployment rate drops - the MSM will tell us things are getting better. RHP.

Hey, stick around - go to my front page and page downward as I have lots of Real Heavy Politics on this blog http://realheavypolitics.blogspot.com/ .

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33 of 642 Banks Missed TARP Payment Last Month - Over Half For First Time

Another basically ignored story by the big media cheerleading the economy - http://blogs.reuters.com/rolfe-winkler/2009/10/08/tarp-deadbeats/

Can the County Sheriff Save the Constitution? - http://www.thenewamerican.com/index.php/usnews/constitution/1976-can-the-county-sheriff-save-the-constitution See Below and ask yourself.

Plymouth, PA Cops Assault Me and Terrorize My Toddler Son Right Outside My Home - http://georgedonnelly.com/asides/plymouth-pa-cops-assault-terrorize One great read here.

States using red light and speed cameras - Now, here's a helpful map of the country - http://www.iihs.org/laws/cameramap.aspx

Telephone Company Is Arm of Government, Feds Admit in Spy Suit - http://www.wired.com/threatlevel/2009/10/att-doj-foia/ This is news?

Drew Carey Raises Bid to $1 Million for @Drew on Twitter - http://mashable.com/2009/10/07/drew-carey-twitter-bid/ Hmmmm.

http://rudepundit.blogspot.com/2009/10/rep.html Angry blogging.

Today's fun link - Surreal America 1905 http://www.shorpy.com/node/6968?size=_original

Big Media Economy Cheerleading Ignores Small Business Data

At some point, the big media will stop cheerleading data that indicates a literal depression in some areas of the nation. At some point, the big media will stop cheerleading data that ignores what has happened to small businesses in this The Great Recession. That said, you can have that data right here - http://www.calculatedriskblog.com/2009/10/small-business-and-employment.html

http://www.australia.to/index.php?option=com_content&view=article&id=14379:looming-global-debt-crisis&catid=80:news-1&Itemid=288 If the denied so called secret meetings to dump the US Dollar from the world scene are enough to get your attention - amid the economy cheerleading by the big media -- how's this detailed look at what is going on.

Middleville woman threatened with fines for watching neighbors' kids - http://www.wzzm13.com/news/news_story.aspx?storyid=114016&catid=14# Another example of bloated government at its finest.

http://www.cnbc.com/id/33003868 Housing Recovery at a Crossroad - Understand the real numbers - not the media cheerleading numbers.

Today's fun link - Negro Entertainment, 1941 style, http://www.shorpy.com/node/6865?size=_original

Will Media Cheerleading Of Economy Continue With `Depression' Level Unemployment?

As a regular listener to CNBC and user of their website - and - a regular user of the cable newschannels -- it's strange to consider the continuing language they use concerning the economy -- specifically, the term `green roots'. To the common man in America, that term implies `an improvement' or a sign of better things happening. This in an economy and government that is often borrowing nearly 100 billion a MONTH - just to keep the whole ball rolling at all.

Cheerleading the economy with a backdrop of Michigan's official unemployment rate now exceeding 15% -- the first state since West Virginia in the mid 1980's. Cheerleading the economy with a backdrop of 15 states with an unemployment exceeding 10% - and with 38 states showing increases in unemployment last month. Cheerleading the economy while knowing that certain counties in California have unemployment nearing 20% and one county, Imperial, OFFICIALLY at over 27% unemployed.

Cheerleading the economy while the `official' U-6 - government unemployment figure exceeds 16% - (this includes the those underemployed and those who have given up looking) and in Michigan the number is now over 22%. Cheerleading the stock market rally, while knowing the biggest rallies that ever happened before happened in the Great Depression. Cheerleading the economy while knowing that the `wealth destruction' in this downturn - The Great Recession - is unmatched by any recent `recession'; indeed, palling in comparison.

Finally, cheerleading the economy while knowing that much of the `stimulus money' - isn't spent - and what is appears to be wasted or inefficient in it's allocation. And, lastly - cheerleading the economy while knowing that the `stimulus money' `saved' state and even local government jobs - such as teachers and firemen - and knowing that they will be lost jobs within a year without MORE `stimulus'.

Here's some links used in putting this post together:

http://www.appeal-democrat.com/news/percent-84524-county-unemployment.html Proof of 27% official unemployment in a California county.

http://www.google.com/hostednews/ap/article/ALeqM5iG41E9cl-hj1iLR6_ln6q-z8FY4QD99GEABO4 Proof of Michigan's official soft unemployment over 22%.

http://blogs.wsj.com/economics/2009/07/02/broader-unemployment-rate-hit-165-in-june/ Proof of U-6 unemployment in USA now over 16%.

http://online.wsj.com/article/SB123836938251967565.html "How a Modern Depression Might Look -- If the U.S. Gets There"

http://en.wikipedia.org/wiki/Depression_(economics)

http://baselinescenario.com/2009/01/15/intrade-market-betting-depression/ 56% betting ON a depression based on this definition. Real betting.

Today's Fun Link: (just hit the red x for a cool picture)
http://drewt333.deviantart.com/art/Undead-and-In-Love-70233797