Area gun sales, fears rising

Nov 14, 2012 | Posted by: roboblogger | Full story: North Port Sun

Gun stores in Charlotte County have experienced increased sales since Election Day as local gun owners brace for an anticipated restriction of gun laws following the re-election of President Barack Obama.

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“Voters elect Big Bird”

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#119
Dec 4, 2012
 

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DavidH64 wrote:
<quoted text>
OK, I'm getting confused with the name, is this GB?
Wrong. 7.8% does NOT mean 92.2% is working. It means that 7.8% are currently receiving unemployment benefits, and are counted among those of the unemployed. The real unemployment, including those that are no longer eligible for UIC, those that are working Part-time to fill in the gaps, and those that have stopped looking for work is around 12%(Forbes, WSJ, ADP, CNN). The USA is no where near a 92.2% real employment rate.
But 7.8% looks SOOOOO good on paper from a talking points perspective. Can't let the truth or facts get in the way of talking points designed to make silk purses out of sows' ears.......

“Antisocialistic”

Since: May 12

Lake Charles, LA

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#120
Dec 4, 2012
 
just another guy wrote:
<quoted text>TML is a fool. His screen name is in direct contrast to every post he makes. He thinks it should be illegal for someone to live the way they want. He has defended the fbi murder at Ruby Ridge and supported the atf assault on waco. He never met a tyrant he did not like. Claims his brother is atf and was at waco.
Then TML should have no problem telling us who the first person to die at the Waco Compound was. Lets put him to the test shall we?

Since: Jan 07

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#122
Dec 4, 2012
 

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Go Blue Forever wrote:
<quoted text>"Fiscal Cliff" has nothing to do with our current ONGOING ECONOMIC RECOVERY....it was put in place and is about, the situation of the House republicans holding our economy hostage, during the past debt ceiling negotiations....Remember, when the earned the Treasury a lowered credit rating?
Really? So if/when we fall off the fiscal cliff you think it will not adversely affect your wallet? Mmm-K
Keep telling yourself the fiscal cliff and our economy are not related.

So let me get this straight. A Democrat as POTUS, with split Congress, is not responsible for our credit rating. In fact everything during this administration has not been the doing of the POTUS or Democrats, but solely the GOP in Congress. When US had a Republican POTUS everything was Bush's fault, nothing remotely the blame of a majority Democrat Congress. LOL

Yup no hypocrisy or double standards here.

When you want to use the same barometer to measure accountability then come back and I will discuss rationally with you. As long as you want to have a different ruler to measure the two parties then I have no desire to discuss anything with someone so biased.

Am I defending the GOP? In some ways sure, to point out the hypocrisy from the left. But if you have followed me on Topix you would know I do not support either of the parties, they BOTH failed us.

Since: Jul 10

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#123
Dec 4, 2012
 

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Remember right-wingers said Bill Clinton was going to be a dictator and institute martial law. Then after his second term ended they swore he had been the worst President this nation ever had. Then in past few years the right-wing robots decided that Clinton had been one of the best Presidents.

Right-wingers, go figure!

"Although it is not true that all conservatives are stupid people, it is true that most stupid people are conservative."

---John Stuart Mill

“Antisocialistic”

Since: May 12

Lake Charles, LA

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#124
Dec 4, 2012
 

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ToManyLaws wrote:
<quoted text>People should not be able to abuse there kids and like ruby ridge and waco NUT JOB CHILD RAPIST AND CRIMINALS SHOULD GO TO JAIL.....NOT PLACE KIDS IN FRONT OF THEM AS SHIELDS AGAINT BULLET...

I cant believe anyone would support the child rapist david koresh...YOUR A FILTHY VILE PEDOPHILE......YUCK YOU SHOULD BE IN JAIL..........LEAVE KIDS ALONE FREAK.........
So because the liberal media and government agencies said those children were abused, that makes it fact, right?
Do you have any personal knowledge if the abuse of children at Ruby Ridge or Waco?
Ratliff

Orlando, FL

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#125
Dec 4, 2012
 

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"How Wall Street Lied to Its Computers
By SAUL HANSELL
| September 18, 2008, 7:52 am Comments (195)
CORRECTED 5 p.m.: Spelling of Leslie Rahl.
So where were the quants?
(Credit: Fred R. Conrad/The New York Times)
That’s what has been running through my head as I watch some of the oldest and seemingly best-run firms on Wall Street implode because of what turned out to be really bad bets on mortgage securities.
Before I started covering the Internet in 1997, I spent 13 years covering trading and finance. I covered my share of trading disasters from junk bonds, mortgage securities and the financial blank canvas known as derivatives. And I got to know bunch of quantitative analysts (“quants”): mathematicians, computer scientists and economists who were working on Wall Street to develop the art and science of risk management.
They were developing systems that would comb through all of a firm’s positions, analyze everything that might go wrong and estimate how much it might lose on a really bad day.
We’ve had some bad days lately, and it turns out Bear Stearns, Lehman Brothers and maybe some others bet far too much. Their quants didn’t save them.
I called some old timers in the risk-management world to see what went wrong.
I fully expected them to tell me that the problem was that the alarms were blaring and red lights were flashing on the risk machines and greedy Wall Street bosses ignored the warnings to keep the profits flowing.
Ultimately, the people who ran the firms must take responsibility, but it wasn’t quite that simple.
In fact, most Wall Street computer models radically underestimated the risk of the complex mortgage securities, they said. That is partly because the level of financial distress is “the equivalent of the 100-year flood,” in the words of Leslie Rahl, the president of Capital Market Risk Advisors, a consulting firm.
(continued)
Ratliff

Orlando, FL

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#126
Dec 4, 2012
 

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But she and others say there is more to it: The people who ran the financial firms chose to program their risk-management systems with overly optimistic assumptions and to feed them oversimplified data. This kept them from sounding the alarm early enough.
Top bankers couldn’t simply ignore the computer models, because after the last round of big financial losses, regulators now require them to monitor their risk positions. Indeed, if the models say a firm’s risk has increased, the firm must either reduce its bets or set aside more capital as a cushion in case things go wrong.
In other words, the computer is supposed to monitor the temperature of the party and drain the punch bowl as things get hot. And just as drunken revelers may want to put the thermostat in the freezer, Wall Street executives had lots of incentives to make sure their risk systems didn’t see much risk.
“There was a willful designing of the systems to measure the risks in a certain way that would not necessarily pick up all the right risks,” said Gregg Berman, the co-head of the risk-management group at RiskMetrics, a software company spun out of JPMorgan.“They wanted to keep their capital base as stable as possible so that the limits they imposed on their trading desks and portfolio managers would be stable.”
One way they did this, Mr. Berman said, was to make sure the computer models looked at several years of trading history instead of just the last few months. The most important models calculate a measure known as Value at Risk — the amount of money you might lose in the worst plausible situation. They try to figure out what that worst case is by looking at how volatile markets have been in the past.
But since the markets were placid for several years (as mortgage bankers busily lent money to anyone with a pulse), the computers were slow to say that risk had increased as defaults started to rise.
It was like a weather forecaster in Houston last weekend talking about the onset of Hurricane Ike by giving the average wind speed for the previous month.
But many on Wall Street did even worse, as Mr. Berman describes it. They continued to trade very complex securities concocted by their most creative bankers even though their risk management systems weren’t able to understand the details of what they owned.
A lot of deals were nonstandard in many ways,“so you really had to go through the entire prospectus and read every single line to pick up all the nuances,” Mr. Berman said.“And that slows down the process when mortgage yields looked very attractive.”
(continued)
Ratliff

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#127
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(continued)
So some trading desks took the most arcane security, made of slices of mortgages, and entered it into the computer if it were a simple bond with a set interest rate and duration. This seemed only like a tiny bit of corner-cutting because the credit-rating agencies declared that some of these securities were triple-A.(20/20 hindsight: not!) But once the mortgage market started to deteriorate, the computers were not able to identify all the parts of the portfolio that might be hurt.
Lying to your risk-management computer is like lying to your doctor. You just aren’t going to get the help you really need.
All this is not to say that the models would have gotten things right if only they were fed the most accurate information. Ms. Rahl said that it was now clear that the computers needed to assume extra risk in owning a newfangled security that had never been seen before.
“New products, by definition, carry more risk,” she said. The models should penalize investments that are complex, hard to understand and infrequently traded, she said. They didn’t.
“One of the things that has caused great pain is complex products,” Ms. Rahl said.
That made me think back to some of the great trading debacles of the last century, such as the collapse of Askin Capital Management, a hedge fund that fell apart because of complex mortgage security investments gone bad. Wasn’t the moral of those stories that you shouldn’t put your money (or your client’s money) in something you didn’t understand? Furthermore, even if you are convinced you do understand it, you’re not going to be able to sell it when you need the money if no one else does.
“In some ways there is nothing new,” said Ms. Rahl, who helped investigate what went wrong at Askin.“The big deals are front-page news, then they go into the recesses of people’s memories.”
And, ultimately, the most important risk-management systems are the ones that have gray hair.“It’s not just the Ph.D.’s who must run risk management,” Ms. Rahl said.“It is the people who know the markets and have lifelong perspective.” And at too many firms it is those people who failed to make sure the quants really did their jobs."

“Voters elect Big Bird”

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#128
Dec 4, 2012
 

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just another guy wrote:
<quoted text>
Those bush tax cuts kept the ich from paying taxes. That is the whole problem. Yea it is bush's fault.
"In fact, IRS data show that the richest 1% paid $84 billion more in taxes in 2007 than they had in 2000 — that’s a 23% increase — even though their average tax rate went down.
What’s more, their share of the overall income tax burden grew, climbing from 37% in 2000 to 40% in 2007.
At the other end of the spectrum, the bottom half of taxpayers paid $6 billion less in income taxes in 2007 than they had seven years earlier — a 16% drop — and their share of the total income tax burden dropped from 3.9% to 2.9%.
Millions dropped from the tax rolls entirely. Another unheralded feature of the Bush tax cuts is that they pushed nearly 8 million people off the tax rolls entirely because, among other things, Bush doubled the per-child tax credit to $1,000 and lowered the bottom rate to 10%."
Huh ? It is not? Gee the lunatic left is lying. Who woulda thunk it?
Obama blames the previous administration for Nation's economic woes.....

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#129
Dec 4, 2012
 

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ToManyLaws wrote:
<quoted text>
Hey if the rich(GOP voters) would bring back jobs from COMMUNIST CHINA.......we would not have a problem..But as longas the rich and big business are TRAITORS AND COMMIT TREASON BY SENDING THE USA ECONOMY TO COMMUNIST CHINA we will see things not being good....BLAME THE RICH AND GOP CRETAED NAFTA AND OTHER GOP EVIL FREE TRADE BS..
60% of the Top-400 wealthiest Americans are Democrats
Top 3 of the wealthiest in America are Democrats

I'm sorry you were saying something about "wealthy" Republicans....
******
GM moves more operations to China in 2012

Obama signs the largest expansion to NAFTA since first signed by Clinton

I'm sorry you were saying something about GOP sending jobs overseas....

CLUE: OBAMA IS POTUS! OBAMA IS A DEMOCRAT!
Ratliff

Orlando, FL

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Dec 4, 2012
 

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okimar wrote:
<quoted text>Obama blames the previous administration for Nation's economic woes.....
I listened to a program on NPR in which they interviewed an economist for the International Monetary Fund about the banking and financial crisis. He said through the thirties, forties, fifties, sixties, and seventies the total debt owed by private American citizens to financial institutions bounced along at varying percentages without ever going above 50% of GDP, until the eighties (UNDER REAGAN) when it began exceeding 50%.
There have only been two years in history in which the debt owed by American citizens reached 100% of GDP. The first time was 1929 (UNDER HOOVER). The second time was 2007 (UNDER BUSH).

“Antisocialistic”

Since: May 12

Lake Charles, LA

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#131
Dec 4, 2012
 

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Blue wrote:
<quoted text>7.8% means that 92.2% is working now,at the best of times we have over 4% not working. We have come a long ways in 4 years..like it or not.. Have you ever hear of price & demand? The more guns they sale the more money they charge. I love the way that they lead people with a few lies..Like don't tax the job maker like you did in the 90s when things were good. We have had the Bush tax cuts for 11 years now and look at all the jobs we have from it?
Are you really that naive? 7.8% is the number collecting unemployment benefits. It does not represent the people that already collected unemployment benefits and are no longer eligible to collect. It does not represent the people that are graduating with a degree looking for a job, and can't find one. That's half of all graduates BTW. It doesn't represent the people who just graduated high school that do not plan to go to college, and are looking for a job but can't find one. It doesn't represent the people that sit on their ass and collect government assistance in leu of working, because its more lucrative.
Wake up and pull your head out of what ever orifice it's stuck in.

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#134
Dec 4, 2012
 

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just another guy wrote:
<quoted text>
Those bush tax cuts kept the ich from paying taxes. That is the whole problem. Yea it is bush's fault.
"In fact, IRS data show that the richest 1% paid $84 billion more in taxes in 2007 than they had in 2000 — that’s a 23% increase — even though their average tax rate went down.
What’s more, their share of the overall income tax burden grew, climbing from 37% in 2000 to 40% in 2007.
At the other end of the spectrum, the bottom half of taxpayers paid $6 billion less in income taxes in 2007 than they had seven years earlier — a 16% drop — and their share of the total income tax burden dropped from 3.9% to 2.9%.
Millions dropped from the tax rolls entirely. Another unheralded feature of the Bush tax cuts is that they pushed nearly 8 million people off the tax rolls entirely because, among other things, Bush doubled the per-child tax credit to $1,000 and lowered the bottom rate to 10%."
Huh ? It is not? Gee the lunatic left is lying. Who woulda thunk it?
So you claim that wealthy Democrats still had to pay a higher tax rate? The tax breaks only benefited wealthy Republicans? ROFLMFAO!!!!! Can you back up your claim?

CLUE:
60% Top-400 wealthiest Americans are Democrats
Top 3 wealthiest Americans are Democrats

I had no idea that Bill Gates, Warren Buffet, Larry Ellison, to name a few, were not able to take advantage of the tax breaks for the past 11 years. Boy oh boy those GOP and Bush sure were tricky with those tax breaks. I wonder why Obama didn't extend the breaks to his fellow wealthy Democrats when he extended the tax cuts. ROFLMFAO!!!!!!!!
Ratliff

Orlando, FL

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Real history of what really happens in the real world (instead of rightwing fantasies): National debt was irrelevant to the collapse of Iceland. What melted down the Iceland economy was PRIVATE BANK DEBT set off by DEREGULATION.

"The 2008–2012 Icelandic financial crisis is a major economic and political crisis in Iceland that involved the collapse of all three of the country's major commercial banks following their difficulties in refinancing their short-term debt and a run on deposits in the Netherlands and the United Kingdom. Relative to the size of its economy, Iceland’s banking collapse is the largest suffered by any country in economic history.[1]
In late September 2008, it was announced that the Glitnir bank would be nationalised. The following week, control of Landsbanki and Glitnir was handed over to receivers appointed by the Financial Supervisory Authority (FME). Soon after that, the same organization placed Iceland's largest bank, Kaupthing, into receivership as well. Commenting on the need for emergency measures, Prime Minister Geir Haarde said on 6 October, "There [was] a very real danger ... that the Icelandic economy, in the worst case, could be sucked with the banks into the whirlpool and the result could have been national bankruptcy."[2] He also stated that the actions taken by the government had ensured that the Icelandic state would not actually go bankrupt.[3] At the end of the second quarter 2008, Iceland's external debt was 9.553 trillion Icelandic krónur (€50 billion), more than 80% of which was held by the banking sector.[4] This value compares with Iceland's 2007 gross domestic product of 1.293 trillion krónur (€8.5 billion).[5] The assets of the three banks taken under the control of the FME totaled 14.437 trillion krónur at the end of the second quarter 2008.[6]"

“Antisocialistic”

Since: May 12

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#136
Dec 4, 2012
 

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Go Blue Forever wrote:
<quoted text>"Fiscal Cliff" has nothing to do with our current ONGOING ECONOMIC RECOVERY....it was put in place and is about, the situation of the House republicans holding our economy hostage, during the past debt ceiling negotiations....Remember, when the earned the Treasury a lowered credit rating?
Lmao! Which is it? Recovered? On going recovery? Keep going, you'll eventually get to the correct terminology.
Blame the Republicans all you want. The Republicans are portrayed as road blocking the Democrats attempts at recovery. It is conveniently left out that the Democrats have addendums and riders added to all of their proposed bills that would cripple America's working people. What few are left.

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Dec 4, 2012
 

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Prep-for-Dep wrote:
<quoted text>
So because the liberal media and government agencies said those children were abused, that makes it fact, right?
Do you have any personal knowledge if the abuse of children at Ruby Ridge or Waco?
None of the claims or charges against those at Ruby Ridge were ever proven or substantiated. It has been proven that the Fed acted wrongfully and committed murder. The ATF got away with cold blooded murder. Plain and Simple.

Since: Oct 12

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Dec 4, 2012
 

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Ratliff wrote:
http://www.businessinsider.com /future-of-the-republican-part y-2012-11
Former George W Bush speechwriter David Frum, firing a brutal shot from the moderate camp, summed up their tactics the best: "Republicans have been fleeced and exploited and lied to by a conservative entertainment complex," he told MSNBC.
...Outstanding article, and i agree completely...waiting for the real republican's to save the party....

“Antisocialistic”

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ToManyLaws wrote:
<quoted text>Hey if the rich(GOP voters) would bring back jobs from COMMUNIST CHINA.......we would not have a problem..But as longas the rich and big business are TRAITORS AND COMMIT TREASON BY SENDING THE USA ECONOMY TO COMMUNIST CHINA we will see things not being good....BLAME THE RICH AND GOP CRETAED NAFTA AND OTHER GOP EVIL FREE TRADE BS..
Lmao! Spoon Fed Liberal.

“Waytogo”

Since: Oct 09

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Dec 4, 2012
 

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Prep-for-Dep wrote:
<quoted text>
So because the liberal media and government agencies said those children were abused, that makes it fact, right?
Do you have any personal knowledge if the abuse of children at Ruby Ridge or Waco?
N the intefviews of those kids and people from inside that DEMONS HOLD we found out just how evil and vile the PEDOPHILE KORESH WAS....He ahd sex with girls as young as 13...he stole eveyone who became members money.....he was vile....DEFEND HIM AND WE KNOW YOUR A PEDO AND A EVIL DEMONS ALSO..

Since: Jul 10

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Prep-for-Dep wrote:
<quoted text>
So because the liberal media and government agencies said those children were abused, that makes it fact, right?
Do you have any personal knowledge if the abuse of children at Ruby Ridge or Waco?
==========
The President who presided over Ruby Ridge and that wrongful bullet by Federal Agent between the eyes of Randy Weaver's wife--- old man George Bush, has one foot in the grave. Why don't these right-wingers afford President Bush I a little mercy at this point and let by-gones be by-gones.

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