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#121 ronthecivil

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Posted 09 November 2012 - 03:17 PM

Not saying Obama had no part (he can for example claim credit for bailing out the Auto industry and making a profit on it to boot) in the recovery just saying he wasn't all of it.

Much like he isn't totally responsible for the fiscal cliff. I wouldn't even claim he was totally responsible for it if he happens to veto everything that comes out of congress so long as what comes out enrages Grover Norquist by including some significant tax increases.
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#122 Mr. Ambien

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Posted 09 November 2012 - 03:36 PM

The flop in prices had much to do with William Donaldson's horrific term as SEC chairman and his ridiculous policies. Donaldson was a Bush appointee btw.

The money printing which undoubtedly has led to a resurgence in the equity markets are policies of Obama's administration. And the policy of the head of the Federal Reserve Ben Bernanke who serves at the pleasure of the president. Without those polices the markets would be laying in the gutter as they were when he took over.

The money printing happened throughout Bush's two terms as well, plus TARP, plus bailouts, plus stimulus, plus absorption of toxic debt..

Also, creating phony capital and phony growth to pay even more for it later is not sound policy. It's excessively short term, reckless, and of course a policy prescribed by Goldman Sachs cronies who, along with their friends, wind up both beneficiaries of such programs like TARP, and get cabinet positions with both Democrat and Republican Presidents.

Not saying Obama had no part (he can for example claim credit for bailing out the Auto industry and making a profit on it to boot) in the recovery just saying he wasn't all of it.

Much like he isn't totally responsible for the fiscal cliff. I wouldn't even claim he was totally responsible for it if he happens to veto everything that comes out of congress so long as what comes out enrages Grover Norquist by including some significant tax increases.

What recovery is it you speak of? Americans can't recover until they hit bottom, which they are far from doing until government and Fed lays off the stimulus, printing, and phony growth that's keeping the economy from hitting bottom so it can recover.

Edited by zaibatsu, 09 November 2012 - 03:37 PM.

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#123 ronthecivil

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Posted 09 November 2012 - 03:52 PM

What recovery is it you speak of? Americans can't recover until they hit bottom, which they are far from doing until government and Fed lays off the stimulus, printing, and phony growth that's keeping the economy from hitting bottom so it can recover.


I don't think things will go AS low as they did during the financial crisis even if they were to steer off the cliff on purpose (which is what I actually hope for).

That would at least get them a lot closer to the bottom.

If they get their books balanced then the money printing is no big deal - it makes it easier for the fed to pay off their debt. Now if it continues along with kicking the can down the road then it's true they are just delaying an even bigger reckoning.
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#124 Harbinger

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Posted 09 November 2012 - 07:35 PM

looking forward to real time with Bill Maher tonight. Obama, Gay marriage , and weed. The guy hit the perfect trifecta for a great show
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#125 Wetcoaster

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Posted 15 December 2012 - 08:46 PM

What first looked to be a close election is turning out to be a much bigger margin for Obama than previously thought. And as the final votes are tallied it seems that this will rank him with only 5 other US Presidents who won the presidency twice with more than 51% of the popular vote.



The election really wasn’t close.


On election night, President Obama’s victory margin seemed fairly narrow – just slightly more than 2 percentage points. White House aides anxiously waited to see if Obama would surpass the 2.46-percentage-point margin by which President George W. Bush defeated Sen. John F. Kerry in 2004.


They needn’t have worried. In the weeks since the election, as states have completed their counts, Obama’s margin has grown steadily. From just over 2 percentage points, it now stands at nearly 4. Rather than worry about the Bush-Kerry precedent, White House aides now brag that Obama seems all but certain to achieve a mark hit by only five others in U.S. history – winning the presidency twice with 51% or more of the popular vote.


As of Friday, Obama had 50.97% of the vote to Mitt Romney’s 47.3% with 47 states having certified their final count, according to the statistics compiled assiduously by David Wasserman of the Cook Political Report.


Most of the nation’s remaining uncounted ballots, perhaps as many as 413,000, Wasserman estimated, are in heavily Democratic New York, where officials have until next week to finish their tabulations. The other two states yet to certify a final count are West Virginia, which Romney carried, and Hawaii, which went heavily for its native son, the president. Once all those get tossed into the mix, Obama’s margin almost surely will rise slightly, allowing him to claim the 51% mark without rounding up.


There’s more involved here than just a historical trivia contest (to which Andrew Jackson, Ulysses S. Grant, William McKinley, Franklin D. Roosevelt and Dwight D. Eisenhower would be the other answers). The growth of Obama’s victory margin probably strengthens his hand politically.


Even some of Obama’s political aides were surprised by the size of the overall margin. The campaign intensively polled battleground states, but did not survey the national vote. Since most public polls projected an Obama win of 2 percentage points or less, that’s what many of Obama’s aides expected.


Very few polls correctly projected the size of Obama’s victory.


One notable exception was the poll for Democracy Corps by Greenberg Quinlan Rosner Research, which has also conducted polling for the The Times. The firm’s final poll pegged Obama’s lead at 3.8 points.


Stanley B. Greenberg, who was the chief pollster for President Clinton’s 1992 campaign and Al Gore’s in 2000, attributed the result to a major effort to get enough cellphone calls into the firm’s sample and to ensure a proper representation of young voters and minorities.

http://www.latimes.com/news/politics/la-three-lessons-from-the-nearfinal-popular-vote-20121214,0,3119021.story
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