Wednesday, November 07, 2012

Election Randomosity

  • $$ - The stock market is down over 2.3%.
  • Reason du jour? President Obama was re-elected! Peter Schiff: "I think what's going to happen in Obama's second term is going to be a currency crisis; a sovereign debt crisis. It's going to be the same thing that is happening in Europe or Greece," he says, "but it's going to be a lot worse."
  • Everyone kept their jobs. Obama gets four more years. Senate is still Dem. House is still GOP.
  • They say taxes will go up. Heck, let the Bush tax cuts expire for everyone. Those 47% who aren't on the tax roles? Put 'em back on!
  • "Democracy is the theory that the common people know what they want, and deserve to get it good and hard." - H. L. Mencken
  • California voters passed a tax hike, and gave the Democrats a super majority in the Assembly and Legislature, so that they can hike taxes whenever they want.
  • So my thoughts are that the debt explodes higher, unemployment and GDP woes continue to be problematic. The reason the Republicans may not ever win another national election is because of the growth in low income demographics and the shrinkage of higher-income demographics.
  • Okay, enough about politics. Back to the normal blogging stuff. Just wanted to vent.

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