IBD: Job Recession 49 months, Worst Since World War 2

Continuing with my line of thought that I started yesterday; it seems that things are just plain bad.

Just how bad is it?

The U.S. economy added 227,000 jobs in February vs. expectations for 206,000, continuing a recent trend of decent hiring activity. The unemployment rate held at 8.3%.

But America remains mired in the longest jobs recession since the Great Depression. It’s been 49 months since the U.S. hit peak employment in January 2008. And with nonfarm payrolls still 5.33 million below their old high, the jobs slump will continue for several more years.

The previous jobs recession record — 47 months — came during and after the comparatively mild 2001 recession, which saw unemployment climb to only 6.3%. The average job recovery time since 1980 is 29 months, not including the current slump.

The labor market won’t truly return to health until some 10 million positions are created to rehire all those who lost their jobs and to absorb new workers.

The longest jobs recession in decades coincides, not coincidentally, with the longest stretch of anemic economic performance on record.

U.S. gross domestic profit hasn’t risen 4% or more in any quarter since the first quarter of 2006. That’s by far the longest such stretch on record going back to 1950. The only other sizable sub-par stretch was a three-year span from late 2000 to mid-2003 during the prior recession and sluggish recovery.

I would advise you to go read the rest of that report, as it is quite a depressing read. Ace over at Ace of Spades HQ likes to call it DOOM. I simply look at it as grim reality. This reality was created by the Democrats, who sought to game the system during a time of prosperity. This should be a textbook example of why wealth redistribution simply does not work. Instead, the Democrats will use this as an excuse to try to push their green energy polices and why we all should have healthcare, at the taxpayer’s expense. All the while painting Republicans as racist, money grubbing, thugs who wish to keep the poor, black and disabled down.

Arguing it, in my opinion, is an exercise in futility anymore, because most Republicans are too stupid to know how to make the argument properly. Instead, Republicans come off sound cold, aloof, uncaring, and cold-hearted —- or simply, like Mitt Romney.

This all affects me in many ways. I would get into all of that, but because I do not want to be accused of being a whiner, I will not bother. Therefore, I will simply say this, this all was happening in Michigan, long before it began happening in the entire Country. Thanks to Jennifer Granholm’s inability to govern a state, we suffered long before the rest of the Country did. This is why I like to say, welcome to my world. Because this mess we are in now, has been my world, since about 2000. Admittedly, it got bad around here in about 2003 and after that, it was downhill around here. I have out of work since 2005; and part of that is my fault and part of it is not. My physical health is not in the best of shape either, my back and knees are hosed from years of trying to be superman, when I was working. It all catches up, as I have learned; there is not day that goes by when my back and knees are not in pain. The pain is just a part of life, of getting old, I suppose. I do not have any sort of healthcare insurance, so I live with the pain.

However, I simply refuse to see myself as a charity case. I refuse to take a handout from the Government. Social Security is out for me; hell, I have a friend in Ohio that I have known since childhood — we used to live across the street from one another in Southwest Detroit — and he has a legitimate heart condition and he has a lawyer fighting to get his social security. You want to talk about someone unfairly losing his or her career. My friend Joe, who I have known for an eternity, was a well-paid and very well skilled automotive mechanic. Let me state emphatically that the auto industry is much worse off without his skills. Anyhow, Joe was working in this area not far from where I live, at an automotive dealership. Joe ended up having to move to Ohio to be closer to his family. In the process of moving, he just happened to have a check up and that is when he discovered he had a heart condition. This might help you to understand why it is that I simply do not like dwelling on my own misfortune at all. This is simply because there are those out there, who have it much worse than I do.

The point I am making is this; if my friend Joe is having to lawyer to even get social security disability and he has a legitimate condition, what makes you think I could even remotely get it? I just cannot see myself trotting in and saying, “Hi, I have ADHD and I think I am entitled to social security.” I tried that once, after being pestered by my Mom about it and I tried that and it failed. I will not try that again. I felt like a fool. My point is, I do want to work, doing something that I can do, that will not end up screwing my knees and back up even worse than they already are now.

I have made three major mistakes in my life and I will always regret them. The first was thinking that I could go to Commercial Truck Driving School, on the State of Michigan’s dime no less and then think that I could just waltz into a local driving job. I know now that the commercial vehicle insurance industry just does not allow that to happen. The second mistake was getting a job that was related to the retail industry; retail stores suck and those who work in them are usually complete and useless assholes. Believe me when I tell you this; I know from experience. With the exception of my first job ever, every job I have ever tried work in, which was related to retail was a total disaster. I just do not have the personality for retail sales at all. The main reason for this is that, frankly, people can be just plain nasty. I could tell you horror stories of working in the retail business.

My third mistake was allowing my family to talk me into getting a job where they worked, that was major mistake. I believe the biggest reason I am where I am today is the result that mistake. I love my family, all of them; but I have tried working with them more than once and it was a disaster. Even when my job was not working around them, it ended up with me getting into with them, over something. Lesson learned there, never again.

Therefore, here I sit, writing, hoping that this will all turn around for the Country and me. Something tells me, I am going to be waiting for a very long time.

Greece gets bailed out.

This is what happens, when you spend money that you really do not have; also too, this is why progressivism is an abysmal failure.

ATHENS – Greece announced Friday that 85.8 percent of its private-sector creditors had agreed to swap their bonds for new ones at a huge loss.

Greece’s Ministry of Finance announced the result on its website Friday after bondholders had to lodge their acceptance of the deal by a Thursday evening deadline.

The wide participation of the offer indicates that Greece will go ahead with the restructuring that hopefully marks a seminal moment in Europe’s long-frustrated efforts to rescue its most financially vulnerable nation, The Wall Street Journal reported. It is the largest-ever sovereign-debt default and the first for a Western European country in half a century.

The restructuring now set to be executed will see Greece chop 53.5 percent from the face value of around 200 billion euros ($265 billion) in bonds held by private creditors.

via Greek Debt Restructuring Deal To Go Ahead, Government Announces | Fox News.

Because sooner or later; someone ends up; as the old saying goes, “Taking a Bath.” Looks like investors are taking a big one. All so this idiotic nation here can bail itself out and get another nice helping of our money. These idiots should have learned long ago that you cannot continue to run a Country like this; but as they say, you cannot teach an old liberal dog new tricks.

But then again, we are dealing with liberals.

‘You Get What You Deserve, White Boy’

You think only white people can be racist? You think that racial violence happens to blacks?

Think again. Here’s some video for you: (via the Blaze)

The story via blaze:

Police in Kansas City are investigating a possible hate crime after a 13-year-old boy was doused in gasoline and set on fire. According to Allen Goin’s mother, the attack occurred just as her son was getting home from school. She said, “They rushed him on the porch as he tried to get the door open…one of them poured gasoline, then flicked the Bic and said, ‘This is what you deserve. You get what you deserve white boy.’”

The police say the boy was engulfed in a “large fireball,” but was able to beat out the flames to call 911 and his father. In addition to suffering first degree burns, he has lost his eyebrows, eyelashes, and part of the skin on his face. There is also long-term concern about his eyes and lungs.

The family intends to move out of fear that the attackers went to their son’s school, which KMBC reports he will not return to. Melissa Coon, the boy’s mother, said her youngest son, 5, asked her, “Mom, am I going to get set on fire today?”

“I was in tears,” she said.

Now I am going to make something very clear here; I do not advocate any sort of racism or racial violence towards black people at all. In fact, I find the mentality of the white nationalists, skinheads, neo-Nazis and other sort of people to be deplorable. One cannot fight race hatred with race hated, because it is a sick mentality. However, I believe it is very important to point out that the liberal left in this Country or the progressive left, if you wish to call them that — are the ones who foster this sort of mentality of racial bigotry between the races. They have been doing it for years and it does not look like it is going to change anytime soon.

I also find it amazing that in the first video, nothing was said about race at all. In the second video, you see the mother use the term, “White Boy.” However, the suspect’s race was never brought up at all, in either news report; that is because the liberal left in this Country with their “Frankfort School of Political Correctness” tells these news outlets not to mention the race of the people who commit the crimes, especially if they are black. This is because it destroys the narrative that only white people, like me, commit racially based crimes and never blacks or Latinos. Again, this is the influence and the power that the radical left holds in this Country’s media; I know personally too well about it. My cousin Michael Hill was murdered by three corrupt black Detroit police officers in 1994. The details of his death were totally lied about to the media; did any media people both in investigate about how he really died? Not one media outlet would even cover it. This is because the cops were black and my cousin, who was only 24, was white.

This is why I run this blog; this is why I write with such fury about the progressive left. This is why I seem to have it out for the Democratic Party. Because they have ruined my Country, because they hate America and values we stand for. Because when they are not spewing racism from websites, or are demanding Americans to pay for their sexual adventures, then when their activists get mocked by the right, they demand we apologize — all the while, they mock Christians and citizens of the south, when they are not trying to murder our white children.

I am a White Conservative, I am a White Christian, I am Andrew Breitbart — and this is war. 😡

On Homeschooling

I will be straight and honest with you all, because that is how I do it around here. I was homeschooled for a short period in my life. I also attended Christian Schools for a good deal of my life. I also happen to have Attention Deficit Hyperactivity Disorder. I take medication for it. I will be very honest with you; homeschooling is not for everyone. I used the ACE curriculum and I will say emphatically that ACE Schools are not suited for Children with learning disabilities. Furthermore, I have very mixed feelings on Christian Schools; if they are staffed with qualified teachers, they can be a good experience. If not, they can be a nightmare. Believe me; I have seen both sides of that coin.

For those who wonder, the A.D.H.D. affects my ability to excel in math. I can plus and minus with the best of them. However, when it gets any tougher than that, I do the run for the calculator. I am getting better with it, as I get older; my checkbook is always balanced. However, I will not be volunteering anytime soon to be solving any sort of complex scientific problem. In other words, if NASA were relying on me to get to the moon, we would be lucky to leave the drawing room!

However, I happen to notice this article over at Salon.com about how homeschooling your children would be a horrible thing and a slap in the face to the big Government public school system. There are a few things, that stand out in this article and I will touch on a few of them. When a parent takes his child out of the public school system and decides to homeschool them, that parent is saying that the school system that he is enrolling in is a failure and that child is unable to learn in it. Which is ironic, because when my Mother withdrew me out of the Christian School that I attended to homeschool me, which was done at my request; I was saying the same very thing about the school that I was attending at the time.

Another thing that stands out in this article is the nuanced dog whistle assertion that if your child is homeschool that he will grow up to be some “right wing extremist militia” type. My friends let me be clear; that assertion is absolute hogwash. It just so happens that I only spent like 2 years in public schools. The rest of educational years were spent in various Christian Schools, and I when I turned 18 years of age and registered to vote; I voted Democratic Party up until the year 2008. Yes, I did eventually did change my political views. However, the changing of my political stance had absolutely nothing to do with my Christian Schooling or my Home Schooling; my change in political philosophy was warranted by the idiocy of what was happening in the Democratic Party in the 2007 primary. Furthermore, my departure from the status as a Democratic Party voter was the utter hapless treatment of our United States Military and its service members that served in it. There are many more reasons, but for the sake of brevity, I will just list these.

Therefore, to my fellow Conservatives, libertarians and tea party friends: do not be bothered by this article. It is simply a progressive buffoon attempting to keep the Government union-backed public sector employees employed. Perhaps it is a sign, that the progressive left is feeling the heat and fears losing the overall battle of the political discourse in this Country. This in this writer’s humble opinion would be a good thing. As the far progressive left, as far as this writer is concerned has driven this Country into a state of ruin, and on top of that, lied their way into controlling that car. It is time for change and for a new discussion — an erasing and washing of the blackboard, if you will. The progressive way of thinking and operating this Country has failed and it is time for a massive redo. The progressive left knows this and this is why articles like this one are being written.

Do not be dismayed by this, we on the right in this Country; on the righteous side of the political discussion are armed with the truth, the left only has lies and propaganda. We shall prevail and we shall be victorious. Homeschooled youth usually have higher IQ’s; excel in most subjects and go on to do many great and important things. I was not the rule; I was the exception to that rule. Just because I suffer from a learning disability, which was diagnosed long before I ever started schooling; does not mean the entire idea of a homeschooled child should be thrown out. To do this would be to take away a parents right of individual choice and that, in a Constitutional Republic is very unacceptable.

Others: American Power, Vox Popoli and The PJ Tatler

Bloomberg: Bank deal with make foreclosures to rise

I have already written about this one, so before you read below; read here.

The story: (H/T Jazz Shaw)

The $25 billion settlement with banks over foreclosure abuses may result in a wave of home seizures, inflicting short-term pain on delinquent U.S. borrowers while making a long-term housing recovery more likely.

Lenders slowed the pace of foreclosures as they negotiated with attorneys general in all 50 states for more than a year over allegations of faulty and fraudulent paperwork used to repossess homes. With yesterday’s agreement, banks are likely to resume property seizures.

“The best thing about the settlement, frankly, is that it will be done,” said Stan Humphries, chief economist for Seattle-based Zillow Inc. (Z), a provider of home-sales data. “The shadow of the settlement hung over the market for a year now.”

The backlog of foreclosures has trapped homeowners in properties they can no longer afford, depressed neighborhood prices by increasing the number of abandoned homes and led banks to tighten mortgage credit standards because of uncertainty about the cost of their potential obligations. Foreclosure starts fell 46 percent in December from October 2010, when the investigation into the so-called robo-signing of mortgage documentation began, according to Irvine, California-based RealtyTrac Inc.

via Foreclosures to Climb in U.S. Before Bank Deal Helps Housing Market Heal – Bloomberg.

At the risk of sounding like, of all people, Ron Paul; This is what happens when Government gets involved with the private market. It gets screwed up and attempts to fix it, screw it up even worse! Let this be a lesson to our Government and all involved; do not involve yourself in private markets, like housing. It only messes things up. The sad thing is, a whole bunch of people had to suffer, because a group of liberal elitists decided that a tried and true system just had to be tweeked to give to the “have-nots” and from what I read above, the suffering is just beginning.

My thoughts on the mortgage settlement

You can read about this here, here, here and here.

First of all, let me say this; this issue here, above all of the others, is why I packed it in with the Democratic Party. On top of all of the class warfare, class resentment, racial resentment and everything else; was the realization that I made, that the Democratic Party, starting in 1973 and again in 1993 literally rigged the system to fail. This was by loosing credit restrictions to allow people, who had no business even getting loans, to get credit so easily.

Then once the system failed, the Government, started by George W. Bush in 2008 with tarp loans and the bailing out banks that were “Too big to fail.” Not to mention the fact that the Republicans ripped out regulations that made the whole thing like one million percent worse and when the Republican Congress received a warning that the whole thing was going to collapse, what did they do? They held a hearing and the CEO of Freddy and Fannie played the RACE CARD, they retreated! 😡 I won’t even get into the stupidity of the Federal Reserve, which really made some seriously idiotic mistakes.

Then instead of Obama being smart and saying, “We’re not picking favorites, we are going to allow the market to correct itself.” Instead, he continued the bailouts and even spent more on top of that. Not the mention his attempt to destroy our private healthcare system.

Anyhow, this settlement is not perfect; in fact, it stinks and someone has given a bullet-point list as to why.

This is via Naked Capitalism:

Here are the top twelve reasons why this deal stinks:

1. We’ve now set a price for forgeries and fabricating documents. It’s $2000 per loan. This is a rounding error compared to the chain of title problem these systematic practices were designed to circumvent. The cost is also trivial in comparison to the average loan, which is roughly $180k, so the settlement represents about 1% of loan balances. It is less than the price of the title insurance that banks failed to get when they transferred the loans to the trust. It is a fraction of the cost of the legal expenses when foreclosures are challenged. It’s a great deal for the banks because no one is at any of the servicers going to jail for forgery and the banks have set the upper bound of the cost of riding roughshod over 300 years of real estate law.

2. That $26 billion is actually $5 billion of bank money and the rest is your money. The mortgage principal writedowns are guaranteed to come almost entirely from securitized loans, which means from investors, which in turn means taxpayers via Fannie and Freddie, pension funds, insurers, and 401 (k)s. Refis of performing loans also reduce income to those very same investors.

3. That $5 billion divided among the big banks wouldn’t even represent a significant quarterly hit. Freddie and Fannie putbacks to the major banks have been running at that level each quarter.

4. That $20 billion actually makes bank second liens sounder, so this deal is a stealth bailout that strengthens bank balance sheets at the expense of the broader public.

5. The enforcement is a joke. The first layer of supervision is the banks reporting on themselves. The framework is similar to that of the OCC consent decrees implemented last year, which Adam Levitin and yours truly, among others, decried as regulatory theater.

6. The past history of servicer consent decrees shows the servicers all fail to comply. Why? Servicer records and systems are terrible in the best of times, and their systems and fee structures aren’t set up to handle much in the way of delinquencies. As Tom Adams has pointed out in earlier posts, servicer behavior is predictable when their portfolios are hit with a high level of delinquencies and defaults: they cheat in all sorts of ways to reduce their losses.

7. The cave-in Nevada and Arizona on the Countrywide settlement suit is a special gift for Bank of America, who is by far the worst offender in the chain of title disaster (since, according to sworn testimony of its own employee in Kemp v. Countrywide, Countrywide failed to comply with trust delivery requirements). This move proves that failing to comply with a consent degree has no consequences but will merely be rolled into a new consent degree which will also fail to be enforced. These cases also alleged HAMP violations as consumer fraud violations and could have gotten costly and emboldened other states to file similar suits not just against Countrywide but other servicers, so it was useful to the other banks as well.

8. If the new Federal task force were intended to be serious, this deal would have not have been settled. You never settle before investigating. It’s a bad idea to settle obvious, widespread wrongdoing on the cheap. You use the stuff that is easy to prove to gather information and secure cooperation on the stuff that is harder to prove. In Missouri and Nevada, the robosigning investigation led to criminal charges against agents of the servicers. But even though these companies were acting at the express direction and approval of the services, no individuals or entities higher up the food chain will face any sort of meaningful charges.

9. There is plenty of evidence of widespread abuses that appear not to be on the attorney generals’ or media’s radar, such as servicer driven foreclosures and looting of investors’ funds via impermissible and inflated charges. While no serious probe was undertaken, even the limited or peripheral investigations show massive failures (60% of documents had errors in AGs/Fed’s pathetically small sample). Similarly, the US Trustee’s office found widespread evidence of significant servicer errors in bankruptcy-related filings, such as inflated and bogus fees, and even substantial, completely made up charges. Yet the services and banks will suffer no real consequences for these abuses.

10. A deal on robosiginging serves to cover up the much deeper chain of title problem. And don’t get too excited about the New York, Massachusetts, and Delaware MERS suits. They put pressure on banks to clean up this monstrous mess only if the AGs go through to trial and get tough penalties. The banks will want to settle their way out of that too. And even if these cases do go to trial and produce significant victories for the AGs, they still do not address the problem of failures to transfer notes correctly.

11. Don’t bet on a deus ex machina in terms of the new Federal foreclosure task force to improve this picture much. If you think Schneiderman, as a co-chairman who already has a full time day job in New York, is going to outfox a bunch of DC insiders who are part of the problem, I have a bridge I’d like to sell to you.

12. We’ll now have to listen to banks and their sycophant defenders declaring victory despite being wrong on the law and the facts. They will proceed to marginalize and write off criticisms of the servicing practices that hurt homeowners and investors and are devastating communities. But the problems will fester and the housing market will continue to suffer. Investors in mortgage-backed securities, who know that services have been screwing them for years, will be hung out to dry and will likely never return to a private MBS market, since the problems won’t ever be fixed. This settlement has not only revealed the residential mortgage market to be too big to fail, but puts it on long term, perhaps permanent, government life support.

As we’ve said before, this settlement is yet another raw demonstration of who wields power in America, and it isn’t you and me. It’s bad enough to see these negotiations come to their predictable, sorry outcome. It adds insult to injury to see some try to depict it as a win for long suffering, still abused homeowners.

I have zero to add to this. The only thing I will ask is, who’s paying for all of this? Answer: You and Me — in Taxes. 😡

This is why we need a new political Party to get in there and fix this asinine morass.

Others: (All Liberals BTW…) American Prospect, Washington Post, US Politics, FT Alphaville, ourfuture.org/blogs_chrono/*, Wall Street Journal, Time, The Huffington Post, Swampland, ThinkProgress, Prairie Weather, Firedoglake, Business Insider, Financial Times and Discourse.net, ThinkProgress, The Huffington Post, Washington Monthly, Washington Post, Firedoglake, Rolling Stone, The Big Picture, Business Insider, Hit & Run, The Democratic Daily, Zandar Versus The Stupid, Feministing, ourfuture.org/blogs_chrono/*, No More Mister Nice Blog, Blog of New Orleans, Gambit, emptywheel, The Political Carnival, DealBook, The Page, Booman Tribune and Wall Street Journal, ProPublica, FORECLOSURE FRAUD, Business Insider and Calculated Risk, Washington Post, Daily Kos and Firedoglake, The Atlantic Online

Charlie Rangel continues his role as a race-baiting twit

What a buffoon… 🙄

Video:

The story:

On of the main tenets of Eric Bolling‘s show Follow the Money is that a free market economy is fairer and more successful than one administered by the goverment. Tonight, Rep. Charlie Rangel ventured onto the program to make the opposite case: that government jobs were in some ways more attractive, because minorities and women experienced less discrimination.

Bolling opened the floor by asking why the president promotes government jobs. The distrust of the government didn’t surprise the longtime Congressman, but he noted that “a lot of women are involved in these lower income jobs, a lot of minorities,” and later explained, “the government doesn’t have the racism and discrimination that the private sector enjoys.” This, to Rangel, means that “a lot of people could to better with the government job,” both minorities, women, and the elderly, working in places such as the post office. Bolling asked again to confirm whether he really meant the private sector had discrimination.

via Rangel Says Private Sector is Racist – Charlie Rangel – Fox Nation.

Let’s see here; where’s that graphic at?

Whoop, there it is! 😆

Two Instances of Republicans kissing up to black voters

Both of these idiots must be really desperate. 🙄

Instance one, Newt Gingrich sucks up to a black Church in SC:

GOP presidential candidate Newt Gingrich faced a round of tough questions in a campaign event before an African-American church in South Carolina on Saturday.

Gingrich spoke with members of the Jones Memorial A.M.E. Zion Church in Columbia, S.C. for an hour according to media reports.

Many of the questions focused on a statement from the former House Speaker in December that “really poor children” have bad work habits, a remark which attracted criticism from civil rights groups.

“Really poor children in really poor neighborhoods have no habits of working and have nobody around them who works, so they literally have no habit of showing up on Monday,” Gingrich had said at a campaign event.

Since when does a white man, running as a Republican go down to SC and grovel before a bunch of blacks, who will most likely not vote for him anyhow? This reeks of nothing more than USDA choice desperation. I personally do not believe that Newt owes these idiots a thing at all. Gingrich spoke the truth, and if they do not like it — screw em. 😡

Instance number two, Mitt Romney is trying to buy the black vote in SC, I guess:

SUMTER, S.C. — Amid shaking hands and signing campaign posters, Mitt Romney did something he has never done before on the ropeline: He took out his wallet and handed a wad of cash to a woman waiting to shake his hand.

The woman, 55-year-old Ruth Williams, says she has been following the Romney campaign since he arrived in the state on Jan. 11, when she said she received a message from God to track him down.

“I was on the highway praying and said, ‘God just show me how to get [my] lights on,’ and I pulled up to a stop sign and his bus was there,” said Williams, who has been unemployed since last October. “And then God said, ‘Follow the bus,’ and I followed the bus to the airport.”

According to Williams, she followed the campaign bus to the Columbia airport on Wednesday, the same day Romney was arriving from New Hampshire. When Romney wasn’t on the bus, aides told her to go to the rally scheduled in Columbia later that day. When she showed up, Romney found her to say hello and pulled over South Carolina Gov. Nikki Haley to say “hello” too.

“He was kind to me and he made Gov. Haley come see about me,” Williams said. “He stopped doing everything.”

I have a shiny twenty-dollar bill that says that the only thing this woman was thinking is, “I found me a stupid honky that will give me money!” Nice going Mittens. Try to buy the black vote; modern-day slavery, all that is. I figure Mittens does not own a plantation for her to work on and that stuff is illegal now, so he figures he will just buy her vote. 🙄 Smart, real smart Mittens.

In short: We….are….so…..screwed. 🙁

What’s next? Perry allows some black man to wash his car? 🙄

Others: Michelle Malkin, Hot Air, The Strata-Sphere, Outside the Beltway, Mediaite, Taylor Marsh, Washington Post, The Lonely Conservative, The Hinterland Gazette and CNN — CNN, The Politico and The Hinterland Gazette

Cross-Posted to Alexandria

This is why illegal immigration bothers me

Via Preston Wright on Facebook:

The American Militia’s website

Rich White Honkey Michael Moore lives it up

While the “99%” Blacks, Latinos — and yes, poor white people protest in the streets.

Photos via Andrew Breitbart’s Big Hollywood:

Big Hollywood says:

The fact is that Moore is so wealthy that he does not need to worry about his income. According to public tax records, Moore owns a massive vacation home on Torch Lake, Michigan–one of the most elite communities in the United States–in addition to his posh Manhattan residence.

Through an independent source, Big Hollywood has obtained exclusive photographs of the house matching the address of Moore’s waterfront mansion. It is the kind of luxurious summer home that 99 percent of Americans can only dream of owning.

[…]

Property values on Torch Lake, according to one real estate website, range “from $400,000 to plus $3 million.”

Moore’s property has been officially assessed at close to $1 million (see below; we have redacted Moore’s addresses and parcel number). That is likely a gross underestimate, but nevertheless places Moore’s vacation home near the top one percent of home values in affluent Forest Home Township, and among the upper crust of residential properties in the state of Michigan. (Update 11/11/11: Several readers have pointed out that in Michigan, the S.E.V. is half the estimated fair market value of the home, so Moore’s Torch Lake vacation home is likely worth close to $2 million.)

In addition, according to statistics from 2009, Forest Home Township has no black residents. The township is roughly 98 percent white. Call that 99 percent, and Moore’s claim to be among “the 99 percent” begins to have some basis in reality.

No one begrudges Moore his wealth, but it is deceitful for him to claim poverty while encouraging class warfare among other Americans. It is also purely narcissistic and selfish for Moore to back radical and destructive socialist policies that would deny other Americans the opportunity to become as rich as he is.

More photos on Moore’s home:

Below are some additional photographs of Moore’s vacation home in Torch Lake. The first shows the front entrance to the property; we have decided not to include a photograph of Moore’s mailbox, which features an address matching the one on the property assessment. The second and third photographs show alternate perspectives of Moore’s home and property when viewed from Torch Lake.

I can really see what Andrew is driving at here; why claim to be of the 99%, when you are not even in the same ballpark as them. Besides all that; and I think I’ll share this, it comes via Wikipedia:

After dropping out of the University of Michigan–Flint following his freshman year (where he wrote for the student newspaper The Michigan Times), Moore worked at the local Buick plant.[18] At 22 he founded the alternative weekly magazine The Flint Voice, which soon changed its name to The Michigan Voice as it expanded to cover the entire state. In 1986, when Moore became the editor of Mother Jones, a liberal political magazine, he moved to California and The Michigan Voice was shut down.

After four months at Mother Jones, Moore was fired. Matt Labash of The Weekly Standard reported this was for refusing to print an article by Paul Berman that was critical of the Sandinista human rights record in Nicaragua.[19] Moore refused to run the article, believing it to be inaccurate. “The article was flatly wrong and the worst kind of patronizing bullshit. You would scarcely know from it that the United States had been at war with Nicaragua for the last five years.”[20] Moore believes that Mother Jones fired him because of the publisher’s refusal to allow him to cover a story on the GM plant closings in his hometown of Flint, Michigan. He responded by putting laid-off GM worker Ben Hamper (who was also writing for the same magazine at the time) on the magazine’s cover, leading to his termination. Moore sued for wrongful dismissal, and settled out of court for $58,000, providing him with seed money for his first film, Roger & Me.[21]

That is right kiddies, Michael Moore started making movies and got famous for disobeying his bosses and suing his employer.

I will also tell you this; I am in constant contact with and am friends with a retired UAW President from Flint, I will not publish his name, but every time he speaks of Michael Moore, he does not have much good to say about him at all.

So, to the liberals who read this blog, remember this, when you are out there protesting against all that wealth; better yet, find out where Michael Moore lives, and go protest at his house. Shifty

Others: Don Surber, Weasel Zippers, nation.foxnews.com and Michelle Malkin