Obama or Oh Bummer?

[soopeyyyyyyyyyyyyy]

I don't share your enthusiasm, but if it makes you happy...congratulations!

 

[aspirinmornings]

While the Liberal Party and the Conservative Party quickly adopted Beveridge's proposals, the Labour Party was slow to follow. Labour leaders opposed Beveridge's idea of a National Health Service run through local health centres and regional hospital administrations, preferring a state-run body.[7]

http://en.wikipedia.org/wiki/Beveridge_Report

Cross-party was the wrong term to use, but I think it's fair to say that being in favour of the NHS says nothing about your party allegiance - just your empathy and awareness.

 

[shiftedreality]

Everyone who lives within fallout distance of Iran should share the US's enthusiasm today. I'm not a dyed in the wool voter any one way, but electing the current Republican party would have been an utter mistake. Was so happy to see Akin and Mourdock lose, as well as Warren getting up. It was a good day all up.

 

[jss26]

Stock market sell down today, businesses still laying off employees, unemployment number will be up, rising social services applicants, gridlock in DC, less local government services and more local government layoffs, businesses would rather pay the penalty then the higher price health care premiums. Woohoo! aren't you excited!

 

[HUD]

And Romney would have changed all that on Day 1?

 

[pengworm]

Actually yes.

 

[sara_and_cj]

Come off it, Obewan. As I said, exaggeration doesn't help.

 

[vixxx]

No I'm serious, the stocks rallied yesterday as optimism for a Romney win was in the air, and today the stock market took a big hit, if Romney would have won not only the US stock market would have gained, but also overseas would have too. Many business strategies were hinged on the outcome of the election. Hiring and layoffs are part of any businesses strategy, and as long as business continue to get penalized for having employees, layoffs will continue. No one is going to invest in this economy and no matter how many social programs you invent people will continue to suffer. Local governments suffer because of low tax base and they are cutting out employees and services as they slash their budgets, many businesses rely on local government agencies as customers. As businesses continue to close throughout the country small communities who depend on those businesses will deteriorate.

 

[jaffacakesaresogood]

I'm not saying that there won't be effects of Obama winning over Romney, obviously. But I do feel like it does a disservice to everyone involved to start in immediately with doomsday predictions and rose-coloured portrayals of "what could have been."

I'd feel that way regardless of how things panned out, for whatever that's worth.

It would have taken Romney time to enact his plan. Things wouldn't have suddenly "righted" today because he was elected.

 

[Raindropsonrooftopse]

you're extrapolating traders' confidence in the economy based on a one-day shift in one average? you realize that most traders have known for some time that obama was going to win, right? all these guys do is look at numbers all day. you know this right? romney losing was not a surprise to gamblers and traders. i don't think you understand trading, my friend. what usually happens the day after a rally? people are trying to sell.

the djia was was roughly 7000 the day obama took office and now it's almost 13000. what does that tell you? the s&p 500, which many people think is a better indicator of the health of the us economy, was at roughly 700 when obama took office and how it's at 1400. "he's a socialist! and ruining our economy! oh wait..."

 

[YuckFou]

actually, there's a lot of evidence to suggest that romney winning would have had devastating effects on a fragile economy. his "plan" was to cut taxes on the rich, boost defense spending and cut spending on everything else. that would have done two things: explode the budget deficit, pushed the country back into a recession. one only needs to look at previous recessions/depressions. why did the great depression become great? tight money, government austerity, the gold standard. look what's happening in the eu. they think they can cut their way out of debt. how's that working out so far?

 

[Iwipemyown@ss]

Just sayin'.

 

[alosee711]

Well I'll have to concede this point, you would know better than I about such things.



We obviously disagree on this, and FWIW we will never know as history never reveals the alternatives. The business community is not very optimistic for the future right now, however they certainly won't just curl up and die. I hope I'm as wrong as you think I am, that's for sure. I can only continue push on and work with what we have cause there's no other alternative.

 

[Tears]

Riiiiight. The people who believe this are just as ignorant as the people who thought Obama was going to step into office and fix the economy and end all American wars with a wave of his divine hand. No politician has that kind of power. And what's more, we don't really want them to have that kind of power.

 

[frankiej45918]

thank you obewan for all our conversations. i think there's significant optimism for the future. i'm not saying that because obama won; we still have a divided government. i'm saying that because i've had so many opportunities to talk to people lately, have respectful conversations, listen to people, and even though we're across the ideological divide, i think we can always find the common good.

 

[ParkerE]

Look I was asked if I thought on the day after Romney was elected if things would have been different than day one of Obama? Yes. Business's are going to act differently, and so will investors.

@G. A sell off of 2.9% has only happened 69 times and one of those times was the day after Obama's first election win. Also you need to look at what securities were being traded to get a better take on why.

I'm ready to "move forward"

 

[DancerGirl11]

And that's fair enough, everyone. I asked for Obewan's opinion. And I'm not personally looking to disassemble or mock it. Nor do I pretend to be nearly smart enough to have all the answers.

So I'm just going to say thanks for sharing your thoughts, Obewan. It's not always easy and it's not always rewarding. But you did so in good faith.

Thanks for that.

 

[brandyman_uk]

lol @ the hacks that got shown up for exactly what they are:

http://www.washingtonpost.com/lifestyle/style/faulty-predictions-for-election-2012/2012/11/07/4cb0a532-2914-11e2-96b6-8e6a7524553f_story.html?hpid=z10

 

[bfreebuzz]

Those predictions were ridiculous. Even Mitt Romney said 47% of American voters were against him and he didn't care about trying to change their minds. How many people really thought he won voters over with that line?

To be fair though, some of those people were just trying to be confident and say things to rally voters and build momentum. The flip side however is that when you send the message that one side is winning so handily you can also rally the voters from the other side to get out there and say no way!

 

[Ennoae]

yeah but they're still pretty ridiculous. that dick morris guy had convinced himself that the poll were liberally skewed. he predicted a landslide for romney. what dick missed, apparently reality has a liberal bias.

we've all known the numbers for some time. obama winning on intrade had a ridiculous probability. that's the thing. if you're really looking for an unbiased opinion, check traders and gamblers.