Obama wins. Now we are to get "change". I wonder what that means ? The biggest problem Obama will face is that he has no specific mandate to do anything except raise taxes on high income people. Other than that, he didn't specify what "change" he wanted. That's going to cause him problems building a governing consensus in Congress, even with his majorities in both houses.
Obama won by a rather small margin - just 5% in the popular vote. The nature of the Electoral College system provides a decisive result for small margins. The margin of victory in Ohio was about 4% - 200,000 votes. W won it by about 100,000 votes in 2004. In Florida, the margin of victory was 2% - 200,000 votes there, too. If those two states swung for McCain and a couple smaller ones, too, the result would be different. Obama won, but not by enough for much mandate for sweeping "change".
And expectations are very, very high due to his vague, but sweeping, rhetoric. Well, he will the press on his side for awhile. I suppose we'll soon be hearing of his canonization as a saint or his elevation to demi-god. The press likes to do that when their man wins.
On Blabberg I heard parts of a remarkably hostile and aggressive speech by Russian President Medvedev. They are clearly going to push for more world power. Trouble to come ...
Markets
My guess is that optimistic European buying drove up prices yesterday as they are ecstatic on Obama's election. The afternoon followthru was probably caused by expectations of a very large stimulus package that the Democrats will surely push.
Actions
Doing nothing.
Word of the Day
"Homunculus" - noun [$10]; I saw this word reading Goethe's "Faust", part II.
Homunculus means a little man, a manikin.
Sentence: The coming deification of Obama by his worshippers in the press and the Olympian expectations he has created with vague promises make his probable decent to being merely human quite risky. Will the path of that decent take him straight the status of homunculus in the eyes of the public and DC ruling classes ?
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39 comments:
YES WE CAN....YES WE CAN....YES WE CAN
ughhhhh
have to disagree Bman........W won by a smaller margin in 2000 and governed like he won a landslide
the angry left has been very hungry to get in power......and pelosi and obama are both ultra-lefties
i have no doubt that they will easily ram thru a bunch of liberal programs thru the house.....blue dogs may not like it but politiicans rarely stand up to their own president
we got a very good example of that in 2002-6.......the fiscal conservatives did not stand up to Bush and Hastert's free spending ways
for our purposes.......i'd love to see jamie dimon as treasury secretary
any one from wall street is crucial.......if obama appoints an academic from the university of chicago economics department......we are in big trouble
W couldn't get crap passed without kissing the D butts.
The only thing they can do easily is make changes in the Budget resolutions - that's how W got his tax bills thru ... and why they sunsets.
rumors flying that Jon Corzine will be tapped as the next Treasury Secretary....I say fine...get him the f%^k out of New Jersey....
Bunkerman what is your opinion of the electoral college?
Rendell transportation secretary???
Ever drive thru on PA roads??..tried to put 15 toll booths on I 80.....wants to raise the sales tax to 7%....hold on to your wallets kids
yes they can..yes they can
I like the Electoral College very much.
i am a big fan of the electoral college...........especially now
the mooly-nans and spics are havin alot of babies in the big states like new york and california......democrats are gonna arack up big popular vote margins in such states
I TOLD YA IN FEB!!!!!!!!
next prediction.
eagles 24 steelers 16 in the super bowl, and donny is your MVP.
bman doesnt it bother u that the states bush err i mean mcant took, for the most part, fought for slavery? or in utahs case.............
if it werent for the snowbirds in florida, he wud have won here.
this is not an opinion this is a straight up fact. ive lived for 22 years in the northeast and 15 in the south.
obama took all the states that have gud public education.
palin helped win the bible vote. and thats the biggest thing for me and why i am so happy.
the economy is fucked proper, no matter who won.
so we can really only try to fix the other thing killing this country and that is GOD DAMN FUCKING STUPID BIBLE THUMPERS AND RELIGION IN GENERAL!
obama already learning from buffett and volcker. he is going straight to the middle and taking pelosi with him.
U WATCH!
Rendell transportation secretary???
ROFLLLLLLLL
so true!
the turnpike is the worst, jerry, the worst!
come on spin, the turnpike and PA roads in general have been a mess since before i was born in 1971
Joe Wurtzelbacher 2012!!!!
GOP is back baby!!!
58 million to 52 million...yes the smart educated people voted for Magic.ppffttt
yeah winters are tough on the roads but 20 guys standing around while one guy digs??loool
Im goig to be a no help piss my pants bitch machine like you were for 4 years.....loool...
WHEN DO WE GET OUR CHECKS????..I WANT MY CHECK!!
As Clint Eastwood might say, "Are you feeling lucky?"
At a time when many investors are hoping for a bottom in this year's plummeting stock markets, Direxion Funds says it's ready to come out with eight new leveraged and inverse exchange-traded funds. (See charts below).
But these ETFs won't just offer a bit more juice. They're set to become the first to offer three-times the leveraging power of their underlying benchmarks.
Direxion says that the eight 3x leveraged ETFs should launch on Wednesday. They're part of some 36 in the works. (See related story here.)
"Do you have an opinion on the direction of the market? Maybe you are interested in overweighting or under-weighting a certain sector. Direxion Shares powerful 3x leverage (the highest in the ETF and mutual fund industry) seeks to amplify the performance (positively or negatively) of your investment capital by 300%," said the company in recent marketing material made available to investors.
Are you f'ng kidding me??? where is the SEC.....this is pure and simple gambling
at least you can get a drink and a hooker in vegas
Bman for SEC chairman !!!!
oh wait.....he wants to outlaw shorting and day-trading.....never mind
shorting & day rading are fine ... for people.
For beefers, the straight jacket and or hog-tied..
Bud....................
pavi pat homer
they all miss you
homer asks everyday
where's my lil buddy?
send jim $6k
pat loooooooooooooooooool
'new under armor shoes'
did you guys know that pat went to Wharton?
lmaooooooooooooo
my son says........
I guess dejected R's are selling to move to Costa Rica.
loooooool
here's an idea....why dontcha try to make the playoffs first.....
how many americans have lost 3 straight presidential elections ??
prolly less than 5%......i am in that group
I hope your football picks work out better.
;-)
don't listen to these losers Bman.........i'm very good at football picks
i'm just ice cold right now...........watch out when i get hot
die rutgers die !!!!!
Bman do you have a preference for treasury secretary from the names rumored ??
Im sure youll be taking LSU and Vanderbilt this weekend.....like any good bookmaker I recognize your betting patterns...
frosty did mention that last night in the bunkerboys rat pack ah rap session....
I haven't been listening to the rumor game re Obama. waste of time.
hearing 7-11 selling out of colt 45
Bunky...did you catch your girlfriend merideth on cnbc...man she is good...sweet as sugar.
how many americans have lost 3 straight presidential elections ??
prolly less than 5%......i am in that group
um actually u lost twice this time. u shit 2500 on hildog then 2500 on mcfool.
that makes u at least in the top 1%with the other puma morons!
if palin wud have gotten in there about the first week she wud have started talking in tongues "REMRUM REDRUM", then ice pick mccain to death, then start pushing red buttons all in the name of jesus christ. u know jesus christ, the son of god, but who is actually god, and was created without any fucking................
a la, jesus, can both sux my cock!
religion sux
humans sux
fine sarah, push the red button, i want out anyway!
uh Mark...no reach around for the Hawks...sad how bitter you have become.
sounds like Triidad and Tobago said kiss my ass nononomo lick mista mern geezer
hang in there pal
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