Initial post-election thoughts
A few quick thoughts before I go record another Google+ Hangout with Aaron and Jay:
- The Dow dropped about 200 points at today’s opening after a decent rally yesterday. Looks like I wasn’t the only one with a gut feeling about Mitt Romney winning the election.
- Can we all just agree on no more nominees from Massachusetts? Romney, John Kerry, Michael Dukakis … the last person to reside in Massachusetts at the time he won the presidency was John F. Kennedy. (On second thought, maybe I should be encouraging the Democrats to nominate Elizabeth Warren in 2016 …)
- With almost all the votes counted, Romney is a little less than 3 million votes off John McCain’s 2008 total — while President Obama is nearly 10 million votes off his own total from four years ago. Those numbers will shrink somewhat, but it’s safe to say that turnout was down and most of those who stayed home were previously Obama voters. These most likely were the folks who still told pollsters they were undecided right up until the election. Romney may have lost the election in part because he couldn’t persuade them to show up and vote for him.
I’ll have more after we get this video done.
– By Kyle Wingfield
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121 comments Add your comment
Hillbilly D
November 7th, 2012
12:07 pm
“but split the banks into deposit / loan and investments so they can’t game the system”
I’d agree with that, too. We had to bail them out because “they were too big to fail”. Here it is 4 years later and basically nothing has changed. They’re still “too big to fail” and if a similar crisis were to come up, we’d be expected to bail them out again. In my opinion, nothing has been learned, at least by those who could do something about it.
Canada came through the great meltdown with a whole lot less pain than we did. They require sound banking practices up there and it paid off.
lefty_316
November 7th, 2012
12:18 pm
Kyle the reason this recession has lingered so long is that there has been no new economic driver come along, which is how the last two recessions were ended. The internet boom, which eventually resulted in a stock market bubble, pulled us out of the recession of the early ’90s. The housing boom, which evenutally resulted in a bubble, pulled us out of the early ‘00 recession. But there hasn’t been a replacement boom/bust cycle come along to create growth.
Which is not to say that Obama policies have helped. Ron Paul (among others) was right on when he said the correct course was government non-intervention in the housing market. Letting market forces dictate prices, supply, and demand would have lead to a much quicker bottom, if in fact a bottom has been reached.
Another issue we must address as a nation that nobody talks about is the fact that 40% of the kids born in this country are born to parents on Medicaid. I don’t know of a solution that doesn’t trample individual rights but…..well call me selfish if you will…….I simply don’t want to pay to raise other people’s children.
I demand to see Cheesy Grits Birth Certificate- Long Form Please
November 7th, 2012
12:25 pm
Brilliant point you’ve made. Blame Obama for drops in the market, but gains aren’t attributed to him.
The same applies to gas prices.
Gas prices go up. Obama’s fault
They go down. Free market working
Hypocrisy…..thy name is Republicanism.
I demand to see Cheesy Grits Birth Certificate- Long Form Please
November 7th, 2012
12:33 pm
So no word on Nate Silver or how accurate the polls were ?
How they weren’t skewed for the Democrats or that there was no media bias in them ?
Figures.
@@
November 7th, 2012
12:58 pm
Nothing surprises me anymore.
If it were a GOP president residing over 7.9% unemployment, he/she would be gone.
What I find most disturbing are the tags applied by left-wing bloggers. Old, white & angry?
It appears they’ve got a problem with our “Greatest Generation”….it’s as if our “Greatest Generation” isn’t/wasn’t good enough to bring this country through. It’s as if they think THEY can do a better job.
Sad, really!
Lil' Barry Bailout - Vote American
November 7th, 2012
1:01 pm
Initial thoughts: Parasites still like their handouts, and thanks to Obozo, there are millions more of them. Their bumper sticker: “I mooch, and I vote”.
Lil' Barry Bailout - Vote American
November 7th, 2012
1:04 pm
Excellent points, @@.
The left’s racism is quite disappointing. I thought we had made more progress than that.
SBinF
November 7th, 2012
1:04 pm
Initial thoughts: Parasites still like their handouts, and thanks to Obozo, there are millions more of them. Their bumper sticker: “I mooch, and I vote”.
——————————–
Oh yes, continue to denigrate the majority of the country who spoke through the franchise. That’s worked so well for the GOP.
Lil' Barry Bailout - Vote American
November 7th, 2012
1:06 pm
Thanks for reminding us that we’ve passed the tipping point and half the country are now moocher parasites.
It’s a real recipe for success.
SBinF
November 7th, 2012
1:09 pm
That’s the spirit. With any luck, that stance will work as well in 2016 as it did in 2012!
Lil' Barry Bailout - Vote American
November 7th, 2012
1:19 pm
Newsflash: Pigs still like slop!
Bye bye Tea Party
November 7th, 2012
1:21 pm
@Kyle at 11:47 AM – all your stock market assessment proves is that the SCIENCE DENIERS (you know – big Oil and Gas) and the WEALTH RE-DISTRIBUTORS (the financial industry – you do know that all the ‘wealth redistribution’ has been flowing directly UP from the middle class to the top of the pile for 35 years, right?) bet wrong and they are being punished for it. The market is very efficient that way. They thought they owned the government and they spent a lot of money to ram their greedy, narrowly focused agenda down everyone’s throat and they lost (competing with the fundy’s and ‘thumpers who were also trying to force their opinions down everyones’ throats, but that’s a different rant). Big finance and big energy tried to buy the government and they lost. Lost. LOST!!
Lil' Barry Bailout - Vote American
November 7th, 2012
1:28 pm
Another issue we must address as a nation that nobody talks about is the fact that 40% of the kids born in this country are born to parents on Medicaid. I don’t know of a solution that doesn’t trample individual rights but…
———–
I do. Stop subsidizing illegitimacy and you’ll get less of it.
Having to pay the bills for the parasites tramples on MY individual rights.
I demand to see Cheesy Grits Birth Certificate- Long Form Please
November 7th, 2012
1:32 pm
Having to pay the bills for the parasites tramples on MY individual rights.
Most of the parasites are your neighbors in the South.
The red states take far more from the Government than they ever send in.
If the freeloading red states would ever get their act together we would be a lot better off.
Lil' Barry Bailout - Vote American
November 7th, 2012
1:41 pm
Nice try, Cheesy, but there are more welfare recipients in blue states than in red.
Google it.
I demand to see Cheesy Grits Birth Certificate- Long Form Please
November 7th, 2012
1:53 pm
Not one single comment about Nate Silver and all the polls being right.
Not one.
I demand to see Cheesy Grits Birth Certificate- Long Form Please
November 7th, 2012
1:55 pm
Nice try, Cheesy, but there are more welfare recipients in blue states than in red.
Google it.
Not based on percentages.
The population is a lot higher so of course they have more.
But the fact remains they send in far more money than they get back from the Government in taxes.
The red states take more than they send in.
So in reality the Northern blue states with large economies subsidize the welfare south.
Conservative Perry
November 7th, 2012
2:13 pm
To the comment by Finn McCool about voter suppression:
So the republicans suppressed the democratic voters and the democrats suppressed the republican voters? Is that what you are saying? And I don’t think that I said anything about the democrats cheating. All that I said was that I didn’t think it made sense. Don’t be so easily offended. Now if you ask me if I thought that there was cheating done by the democrats then I would say “yes”. Remember, the president learned from the best, Chicago politicians. When a precinct in Florida does a robo-call to the voters in that precinct telling them that they can vote until Wednesday evening then there is something wrong. I have no idea who is responsible for that (probably just a mistake) but someone was responsible. And some people probably did not vote because of it. It will be interesting when the full details of Benghazi are made known to see who was involved – what they knew – and when they knew it (funny it didn’t happen before November 6th), and the details of fast and furious (how high up in the government did it go), and will the media ever ask the president a difficult question, and even more than that if they do ask him a difficult question will he answer it? Inquiring minds want to know.
Lil' Barry Bailout - Vote American
November 7th, 2012
2:57 pm
Obozo may consider introducing a tax on carbon emissions to help cut the U.S. budget deficit after winning a second term
———–
I guess he didn’t learn much during his first term.
Not going to happen.
bu2
November 7th, 2012
5:53 pm
@SBinF
Neither you or Obama understand the recession. That’s why its taking so long to get out of.
It was a simple real estate bubble, just like we’ve had before and will have again. Nothing structural about that. Real estate got overpriced relative to incomes (or rationality) and collapsed. Construction stopped, throwing people out of jobs. Banks lost money throwing people out of jobs. The stock market followed throwing people out of jobs. Obama got elected and told people things were going to be really terrible destroying any remaining consumer confidence and more people lost jobs. Then Obama drastically increased the deficit on long term “structural” changes that did nothing positive for the current situation. And he did his best to stop foreclosures which further slowed down the recovery. There will be no full recovery until the underwater real estate is put back in circulation.
PROUD NAVY VET
November 9th, 2012
1:46 pm
Kyle, tell the truth. The market dropped due to Germany’s economy slowing and poor earnings report from several companies. That was the reason the DOW dropped. Why can’t you tell the complete truth? You want to paint it as simply the President being reelected. This is the reason getting the country together is going to be hard as heck. The cons refuse to tell the whole truth, you get your followers fired up and they don’t know why. Typical trick of Rush, Rove, Trump, and everybody else who does not tell the truth. It won’t be long before your people wake up and realize those guys are getting rich off of making people mad. Talk radio sucks, both sides. Canada has a law that you can’t knowingly broadcast anything that is a lie or half truth. Wow, FOX can’t broadcast in Canada (surprise). They can only get access through the internet. What does that tell you? Very few people in the U.S. know this, but more are finding out.