Bipartisan Plan Summary Charts Confirm Key Deficit "Cuts" Come From Imminent Social Security Pillage

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Wed, 07/20/2011 - 15:37 | 1474833 SparkySC
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The Ultimate Knock-Off: A Fake Apple Store

This article originally appeared in the China Real Time Report blog.

Apple may have opened only four stores in two cities in China so far, but unbeknownst to the company, they are already expanding elsewhere in country.

blogger in Kunming posted photos on Wednesday of a local store which, from a distance, looked just like one of the consumer electronics giants’ iconic full-service retail stores. It featred a glass exterior, pale wood display tables, a winding staircase and giant posters displaying the iPad 2 and other Apple products, plus a neatly organized accessories wall.

“This was a total Apple store ripoff—a brilliant one,” the blogger, BirdAbroad, wrote. She called it “the best ripoff store we had ever seen.” Photos show employees in blue shirts and Apple-emblazoned name tags similar to those worn by Apple Store employees in Beijing and Shanghai.

It’s unclear whether the store was opened by an authorized Apple reseller, of which the company has more than 10 in Kunming, or another retailer selling Apple products. But its address was not listed among official resellers on the company’s website and Apple currently only has Apple Stores in prime locations in Beijing and Shanghai in China. It wouldn’t be the first time the company has inspired fakes in China, however, where knock-off iPhones and iPads are on display throughout sprawling electronics markets.

Apple, which is in the midst of a plan to expand its presence in China including negotiations with the nation’s largest mobile operator China Mobile, is set to open two more stores, one each in Shanghai and Hong Kong, in the coming months. It has not announced plans to make Southwestern Kunming its next stop. Growing demand for its products over the past two years have drawn a flood of customers to its existing stores, prompting executives to hunt for bigger spaces to build their next locations.

A spokeswoman for Apple in China declined to comment on the store sightings.

Wed, 07/20/2011 - 16:55 | 1475162 tip e. canoe
tip e. canoe's picture

no worries, the $600 trillion derivatives market Timmy mentioned yesterday will cover it no problemo.

Wed, 07/20/2011 - 17:23 | 1475258 CrashisOptimistic
CrashisOptimistic's picture

Look guys, about 1 trillion in spending was added in 2009.

No one said that would destroy the world.

Now let's take off just 300-400 billion in FY2012 spending.

Don't care about taxes.  Raise them if you want.  Don't care about 10 year imagination.  That's all BS.


The rest is just crap.

Wed, 07/20/2011 - 16:17 | 1475001 r101958
r101958's picture

This has what to do with the article?

Wed, 07/20/2011 - 16:56 | 1475164 TruthInSunshine
TruthInSunshine's picture

Both pretty much stake the credible claim that we're f*cked.

I concede the connection is a round about way kind.

Wed, 07/20/2011 - 18:00 | 1475359 hannah
hannah's picture

"For those who are about to get cerebral hemorrhage trying to figure out the ensuing math, don't worry: it is all based on Marx to Myth."


is marx, groucho marx....ok now it make sense.

Wed, 07/20/2011 - 15:39 | 1474848 slaughterer
slaughterer's picture

What intern prepared these charts?  I detect a few errors of sound reasoning and elementary math.  

Wed, 07/20/2011 - 15:54 | 1474890 hedgeless_horseman
hedgeless_horseman's picture

What intern prepared these charts?

Exactly.  "Excludes Social Security Savings" as a 6 point footnote is so bush league. 

Our senior citizens deserve a higher quality theft...something they can tell their grandchildren about when they move in with them.

Wed, 07/20/2011 - 16:08 | 1474963 MiguelitoRaton
MiguelitoRaton's picture

At 6-point font, no seniors can read it...pure genius. I say we should put up the "Mission Accomplished" poster, turn on the teleprompter and get this party started!

Wed, 07/20/2011 - 15:54 | 1474907 Superslam
Superslam's picture

Please. Interns on Capitol Hill know what they're doing. These charts had to have come directly from a US senator.

Wed, 07/20/2011 - 16:09 | 1474972 Stuart
Stuart's picture

these are purely political slides, not economic..... The current debt is 100+% of GDP, not 69%.  That's a clear heads up it's all political theatre. 

Wed, 07/20/2011 - 16:27 | 1475040 kridkrid
kridkrid's picture

Good spot here: - to provide your thoughts to the committee.  Not that they'll read them or care, but...

Wed, 07/20/2011 - 16:40 | 1475052 Urban Redneck
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IF the current debt (and since the US is a or above the $14T debt ceiling) is only 69% of GDP this year, then their estimate of GDP for all of 2011 must be north of $20T... That would require QE3, QE4, QE5 ... QE14 all to be executed before the end of the 2011 budget year (assuming $600B each).

Or they just eliminated all intergovernmental debt (i.e. erased the trust funds and lock boxes that never really existed anyway).

Wed, 07/20/2011 - 17:19 | 1475247 Stuart
Stuart's picture

that's exactly what they're doing, conveniently excluding all the intergovernmental debt.    Wonder if Joe sixpack is going to catch on to this... 

Wed, 07/20/2011 - 16:31 | 1475065 TempFlashback
TempFlashback's picture

They certainly saved some money by using a 12 year to put this awful presentation together.

Wed, 07/20/2011 - 15:40 | 1474855 bigdumbnugly
bigdumbnugly's picture

gramma would say thank you except she has her mouth full of dog food at the moment.

Wed, 07/20/2011 - 15:45 | 1474878 Whatta
Whatta's picture

cat food is much more easily digestible, and contains more omega 3's for the health conscious under-bridge dweller.

Wed, 07/20/2011 - 15:57 | 1474922 Moe Howard
Moe Howard's picture

Thanks for the nutrition tip.

Wed, 07/20/2011 - 15:57 | 1474923 Rodent Freikorps
Rodent Freikorps's picture

Chicken leg quarters are $0.89/lb. around here.

About half the price of cat food.

Unless you mean dry food.

That sounds like it would be hard on the dentures.

Wed, 07/20/2011 - 16:11 | 1474983 Rodent Freikorps
Rodent Freikorps's picture

They must be starving. Black dogs are the delicacy.

Wed, 07/20/2011 - 16:13 | 1474989 Rodent Freikorps
Rodent Freikorps's picture

Seniors get all the good bennies.

Wed, 07/20/2011 - 16:54 | 1475156 spanish inquisition
spanish inquisition's picture

Sure its cheaper, but her coat won't be as shiny.

Wed, 07/20/2011 - 15:58 | 1474925 earlthepearl
earlthepearl's picture

Great comment, just gave me a belly -laugh
fucking great

Wed, 07/20/2011 - 15:52 | 1474897 Whatta
Whatta's picture


Wed, 07/20/2011 - 16:33 | 1475072 mr. mirbach
mr. mirbach's picture

My Korean neighbors are consider real heroes for adopting a new dog from the shelter once a week.  Funny that the shelter never asks what happened to the pet adopted the previous week.

Wed, 07/20/2011 - 15:40 | 1474856 slaughterer
slaughterer's picture

Love the red-white-blue color scheme.  

Wed, 07/20/2011 - 15:54 | 1474911 andybev01
andybev01's picture


Wed, 07/20/2011 - 15:41 | 1474860 WALLST8MY8BALL
WALLST8MY8BALL's picture

A few months ago I noticed a long line of Chinese people at the Apple Store on 59th St. and 5th avenue. There seemed to be a few "Ring Leaders" with wads of cash going up and down the line. They bought up all the new IPhones etc.. It went on for about 3 weeks. Perhaps that is where the merch ended up.

Wed, 07/20/2011 - 16:26 | 1475038 sethstorm
sethstorm's picture


Would have been amusing if that part of the line was all taken in by the cops, ring leaders and all, before the purchases were done.   Then repeated as long as possible.



Wed, 07/20/2011 - 15:41 | 1474862 SheepDog-One
SheepDog-One's picture

Charge up those Hover'rounds for the riots old folks!!

Wed, 07/20/2011 - 15:41 | 1474863 buzzsaw99
buzzsaw99's picture

someone has to pay for the fat banker bonuses and political bribes.

Wed, 07/20/2011 - 15:42 | 1474865 DonnieD
DonnieD's picture

I love the "source".

Wed, 07/20/2011 - 16:25 | 1475026 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

Source is funny.  Marx-To-Myth is DAMN funny.

Wed, 07/20/2011 - 15:43 | 1474869 nah
nah's picture

running out of money cuz them damn seniors just decided


we owe them

Wed, 07/20/2011 - 15:43 | 1474870 Franken_Stein
Franken_Stein's picture


CBO alternative fia(t)sco scenario.


Wed, 07/20/2011 - 15:44 | 1474871 Dr. Engali
Dr. Engali's picture

Have you confirmed that source?

Wed, 07/20/2011 - 15:47 | 1474885 Ham Wallet
Ham Wallet's picture

BWAHAHAHAHAH!!!!!!!  Love the source, Tyler.

Wed, 07/20/2011 - 15:44 | 1474876 Buckaroo Banzai
Buckaroo Banzai's picture

How is this a surprise. Going after the weakest and most defenseless in society is always the coward's move.

The only reason they aren't going after Medicaid, Food Stamps, and EITC is because those folks are young, able-bodied, and potentially prone to violence.

Consumers of Social Security and Medicare, on the other hand, can be safely ignored.

I'm the last person to defend Social Security and Medicare (they are both disasters) but at the end of the day, we have made a lot of defenseless old people dependent on these programs and we owe it to them to maintain them to some degree for at least 10 years.

Our political leaders are truly a sickening and depraved bunch.

Wed, 07/20/2011 - 15:54 | 1474910 NotApplicable
NotApplicable's picture

Well, Buckaroo that's what you get for having the oxymoron known as 'political leaders.'

Wed, 07/20/2011 - 16:03 | 1474950 Rodent Freikorps
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I cower in fear of pissing off a few hundred thousand HOA harridans, with all the time in the world to cause hate and discontent.

I predict a hurry-up on forming those death panels.

Wed, 07/20/2011 - 16:14 | 1474994 XenoFrog
XenoFrog's picture

As someone who will never receive any Social Security due to my youth, I am quite baffled by the desire to keep the SS ponzi scheme going. We all know it's a scam, why keep going?


It's like forcing Madoff investors to keep putting money in so that the people who got in early can get their full payouts.

Wed, 07/20/2011 - 16:20 | 1475011 r101958
r101958's picture

Hmmm, I've been paying into the SS fund for 30 years and haven't received a dime yet. Everybody that paid into it should have the amount returned. No?

Wed, 07/20/2011 - 16:28 | 1475048 duo
duo's picture

they owe me about $200K.  If SS is going away, those who have paid in over a certain amount should be exempt fro witholding.

Wed, 07/20/2011 - 16:31 | 1475059 saulysw
saulysw's picture

Should? Yes. Will? No.

Wed, 07/20/2011 - 16:38 | 1475090 XenoFrog
XenoFrog's picture

The money is gone. It was spent. You got scammed and now you want to scam other people so you get your money back?

Wed, 07/20/2011 - 16:46 | 1475119 Rodent Freikorps
Rodent Freikorps's picture

Other people's money. It's all the rage.

Wed, 07/20/2011 - 16:47 | 1475127 XenoFrog
XenoFrog's picture

Just further proof that we haven't learned a goddamn thing through all of this.

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