OT - 'BAMA wins US presidential election - Page 21

An ever more frightening world – facts mere distant memory!

Micky always intrigues: on Dow downturn: “Of course, that has nothing to do with electing an individual promising to tax the SNOT out of anyone … Wall St normally has at least a bounce upon election of a new president, as a rule. Higher taxes, here we come!”

Precisely – little to do with election, much with release of new economic data and general outlook. Every investor poll favored Obama over Republicans (historical first). Wall Street had in fact its ‘bounce’ on Tuesday – ‘ ‘buy on the rumor - sell on the fact’ the standard mantra. If tax fears played any role, polls would have favored McCain throughout, without any bounce. You forgot to mention last rise of nearly three per cent – something perfectly predictable; you can almost set your clock by it!

I pessimistically foresaw October layoffs reaching 200 000 – actual was 240 000 – total for last ten months 1.2 million – total unemployment ten million, worst for fourteen years. Ford and GM incurred combined operating losses last quarter exceeding over seven billion, latter also burning cash of seven billion and fast running out (more government bailout?) If any one of the three auto majors goes belly up, three million additional jobs will be lost, costing the economy sixty billion.

But you want to put it down to the election, Micky?

You then blame the Wall Street drop on some conjured retirement savings ‘confiscation’ as based on some Obama/Democrats conspiracy: “And, of course, it has absolutely nothing to do with congressional Democrats looking to confiscate everyones' IRA's and 501k's, and put them under governmental control.”

To have employees in charge of their own retirement plans is in fact mostly bad news. You’re again being forgetful too: you omit to mention that under the Bush/Republican Administration folk’s retirement savings lost about two trillion dollars in value! Even before recent market downturn: “Older Americans were on track to continue working longer. Twenty-nine percent of people in their late 60s were working in 2006, up from 18 percent in 1985. Falling home values and now the decimation of much of their savings could plunge older Americans into period of austerity not seen in decades. The period that we're experiencing is arguably the greatest collapse in confidence that we've experienced since the Great Depression."

And you yet cheer the Republicans, Micky?

Serving your country is now subject to the Thirteenth Amendment!

Ugly would love and thrive on a bit of compulsory service …

You may enjoy next entry: Republican Wall Street -
 

Dear Wall Street,

O.K. I'm not sure what's going on here. WE'VE DONE EVERYTHING YOU ASKED US TO DO. But you still have not released the hostage. WHAT IS GOING ON?

Look, we've been good to you. We've listened carefully and followed all of your instructions to the letter. Not just now, but for the past two or three decades. We've deregulated and deregulated, getting rid of all the cops who used to monitor you, just to make it easier for you to "do business." We've come through with the protection money, the corporate welfare and tax breaks and concessions.

You told us, "Hey, that Economy of yours looks so nice and shiny and healthy. It would be such a shame if anything bad happened to it. You stick with us and we'll make sure it grows up fat and happy."

So we did what you asked. And things worked out fine for a while. We thought we had a relationship.

But then you go and take the Economy hostage. O.K. We don't like it, but we have to deal with it. We know our role, and we followed it to a tee. Paulson brought us the ransom note. The amount you asked for was clear -- $750 billion -- and we ponied up. (Yes, it took us a couple of weeks, but it's hard to raise that much money so fast. What -- you think we're made of money?)

We knew you were getting impatient when you cut off those 700 NYSE points from the Economy and sent them to us. Geez, that was horrifying! We even threw in $150 billion extra, just to sweeten the deal. We didn't want anything worse to happen.

We assumed in good faith that you were really going to come through with your end of the deal. So we go and drop the money -- just like you asked for -- on Friday. We know we'll have to wait until Monday when the Market opens for you to release the Economy, but we trusted you. We followed all of your instructions to the letter.

And then, on Monday, WHAT HAPPENS?! Do you release the Economy, as promised? NO! Instead, you CUT OFF another 500 points!!
 

Ninja either believes Micky’s tax scare mongering or has even less time for the facts: “He is going to tax the rich, because they have already cleaned everyone else out. The poor don't have anything, they just raped the middle class with this bailout and stock market crash, who's left?”

You don’t fix a worsening economy by upping taxes, Ninja – in the interim, reducing them is a better bet – I’m sure Obama knows this.

The US has been living beyond its means since the seventies, as partly sustained by ever-increasing debt levels, both domestic and foreign. The middle and lower classes took the brunt – standing still or going financially backward – while the rich got richer at the expense of the rest. The gap between rich and poor is now right back to what it was around the turn of the last century, as at the time of the robber barons with top one percent owning one-third the nation’s wealth! The Republicans under Bush exacerbated such gross inequality with tax cuts mostly benefiting the wealthy. When economy is better, time to redress the situation?

KTF on US living beyond its means: “Chisum, are you suggesting that you don't see a problem in this regard?”

You misunderstood me completely, KFT – I totally agree with you. All relevant statistics verify hoe the country has been living beyond its means since 1970s, as said above and previously (helps to read my posts!) Two wars, general life-style, and current budget deficit of around one trillion, ongoing trade deficits for over four decades – all financed in part by Asian and Middle East money. Fed debt of ten trillion and another 60 of unfunded pension and Medicare commitments. Fiscally profligate is not the word!

Even see my remarks about your boy? How is he now?
 

Chisum, my apologies if I misunderstood your point. If you read your post, it appeared to suggest that Mickey and I felt it was important for the country to live within its means - and by implication (wrongly as it turned out)  that you did not feel the same way.

Yes, I do read any post that I feel the need to respond and saw your comment about  my dog. The reason that I did not say anything on this thread is because I had outlined what I was doing on the thread that I had opened for that particular purpose. Anyway, he is on the medications that the vet prescribed, still eating the bland rice and chicken diet and the diarrhea seems to be resolved.

I think Ron Paul was the only real Republican running for this 2008 Election ... McCain stands in as a Democrat and Obama a Socialist.  This is as clear as the blue skies. 

Although fun in this Obomination thought, I think I'm gonna forget the Cadillac Escalade, change of heart I guess, I had 13 emails in the past 2 days requesting me to buy horses .. people know now they will not be able to afford them in the coming months. It's sad. These are good people and good horses who worked hard to get where they are in America, yes they are foreign.

.... I know, I know.... blame it all on ... "living beyond their means", BS. Drop some more points why don'tcha. Who cares about work anymore.

When will hard work ever pay off for an individual ? Will hard work ever-again be granted an individual right inherited by a creator and not of governments of men ?

Chisum ... I'd like to hear from you. I'll ask it again ... When will hard work ever pay off for an individual ? Will hard work ever-again be granted an individual right inherited by a creator and not of governments of men ?

And a Bonus Question to ALL  :  ... is America Stupid or what ?  EDIT : scratch the bonus question .. stupidity is scripted. LMAO 

BabyEagle,

Yes American's are stupid, but not all that much more than any other people's on this earth today.   Just my opinion.

I want a horse !!   But I can't afford to care for one either at this time.

I worked hard, I mean physicaly hard most of my life, with my hand's and my back.   I carry the scar's and feel the pain everyday.    It never got me more than putting food on the table.   The only extra's I've ever had came from scrimping and saving, not borrowing.   

I was smart enough to advance but never had the capitol to make a jump up that ladder,  nothing's changed in all those year's.   It take's money to make money.  

You see were all the money come's from now??   Nothing's changed.

Brent.

 [We knew you were getting impatient when you cut off those 700 NYSE points from the Economy and sent them to us. Geez, that was horrifying! We even threw in $150 billion extra, just to sweeten the deal. We didn't want anything worse to happen.

We assumed in good faith that you were really going to come through with your end of the deal. So we go and drop the money -- just like you asked for -- on Friday. We know we'll have to wait until Monday when the Market opens for you to release the Economy, but we trusted you. We followed all of your instructions to the letter.]

We didn't raise the money, we borrowed it.  There were a few in Congress that tried to hold the line - Ron Paul, and the few conservative republicans and democrats left.  Now, we hear there's a new "stimulus" package coming down the pipe.  How much does the country borrow to provide this money?

now we have lil bush's exit strategy..

As someone from the other side of the pond who is used to seeing goons standing for election, I can honestly say the 2 bozos that stood in your election were worse than anything I have ever seen here.(And that really says something).

Prepare yourself for the inevitable, amnesty on illegals,joining the N.A.U. etc.

In the words of George W, "This sucker is going down."

U.S. R.I.P.

http://usgovinfo.about.com/library/weekly/aa102200a.htm 

"Tyranny of the Majority
To be brutally honest, the Founding Fathers did not give the American public of their day much credit for political awareness. Here are a few relevant quotes from the Constitutional Convention of 1787"

I would simply like to point out again, that 221 yrs later, our Senate and Congress still have no confidence in our political awareness (with good reason) as there has been no attempt to undo the Electoral College.  Your popular vote means nothing.  I really would like to know WHO is the Electoral College made up of.  And the meeting on December 15th sounds like an interesting one.  They can turn the decision over?  And then what if they do?  Are we going to have the guts to stand up and 'DO SOMETHING ABOUT IT' have another 'Tea Party' ?

no we won't.   I have been shaking my head about all the morons cleaning out the gunshops since the election results.  As IF the government IF it came to this, would not know where to find you after your registration and background ck passed...  Look, if you really want or need a gun, get one from the street.   

Another thing, there is no worry that our own troops are going to come after us, their own people,  no matter who orders it.  And guns is an antiquated way of warfare.  You can't shoot a missile out of the air with an AK47, nor can you fight biological warfare with it.  It is just the mentality of the average crowd/voter.  Even those who voted for Obama are buying guns. 

gsm44 has a point, we are not able to have the choice of an all encompassing person who is qualified.  That person is around, but not dumb enough to become a Candidate, as s/he does not possess the arrogance or self righteousness it requires to be the American President.   He or She is a humble person, who has not just experience but is also compassionate, selfless and lacks the interest to be the most powerful person in the world.  

However, we are at this juncture, well, at least I am, after seeing so many 'gone bad' elections, that I can't see a great Candidate ever coming forward.  Every one of them has had the skeletons in the closet.   And well, again, the Electoral College has got to go.  

The newly appointed Chief of Staff already scares me.  What's next.  

Then, the only core problem OUR world has is, Over Population.     We do our best to breed better dogs, why can't people breed better humans?  Why do we feel this is a right we have?  Why don't we put some rules to that so that only those who can proof they are worthy humans are allowed to breed?  Why can't we? 

The quality of the people is going to determine the direction of a country.   In the early stages, hearty stock from all over landed here and worked the land without expectations other than their freedom.   Now we are becoming