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President Obama Re-Elected - Page 1420

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Hey guys! We'll be closing this thread shortly, but we will make an American politics megathread where we can continue the discussions in here.

The new thread can be found here: http://www.teamliquid.net/forum/viewmessage.php?topic_id=383301
oneofthem
Profile Blog Joined November 2005
Cayman Islands24199 Posts
Last Edited: 2012-11-09 06:30:32
November 09 2012 06:30 GMT
#28381
republicans will probably give in to some cuts to tax expenditures.

i hate to say it but i think science will get the axe again.
We have fed the heart on fantasies, the heart's grown brutal from the fare, more substance in our enmities than in our love
Signet
Profile Joined March 2007
United States1718 Posts
November 09 2012 06:31 GMT
#28382
On November 09 2012 15:29 Sanctimonius wrote:
Show nested quote +
On November 09 2012 15:27 Signet wrote:
On November 09 2012 15:24 Sanctimonius wrote:
Can anyone explain the significance of this fiscal cliff to me? From what I know, it's a combination of spending cuts and tax increases, which....well, would kinda seem to be needed, what with the whole deficit thing, ne?

Yes but, at least if you believe in Keynesian economics, cutting the deficit like that will also cause a huge drop in GDP.


But what the other options, besides cutting spending or raising taxes (or letting BS tax breaks expire...)?

The options are
1) cut the deficit immediately, risk recession but have less debt
2) wait to cut the deficit until later, avert recession but have more debt
Signet
Profile Joined March 2007
United States1718 Posts
November 09 2012 06:37 GMT
#28383
I'm also skeptical of this claim that Obama's re-election caused the drop in the stock market. Everyone who wasn't unskewing their polls have known for weeks, months even, that Obama was going to win. While Nate Silver has all the publicity and the #2 book on Amazon right now, others like Drew Linzer have been calling this exact 322-206 outcome since JUNE, and the major betting sites have had him as the favorite (often overwhelming) the entire time. His victory was already priced into the market.

On the other hand, there was some weak economic news out of Europe and more discussion of a possible Greek exit that does not bode well for the global economy.
micronesia
Profile Blog Joined July 2006
United States24788 Posts
November 09 2012 06:38 GMT
#28384
Alternately, the election could have been the trigger for a bear market that was going to happen soon anyway.

In either case I wouldn't blame Obama for the past couple of days.
ModeratorThere are animal crackers for people and there are people crackers for animals.
Feartheguru
Profile Joined August 2011
Canada1334 Posts
November 09 2012 06:40 GMT
#28385
Romney plan: Super cut taxes, close loopholes, erase the deficit. Americans, how are you so stupid that you didn't elect Romney so he could implement his simple yet brilliant plan. Do you not see how it would have solved all of your problems? It would generate 12 million jobs, wipe away the deficit and lead to a brilliant future.

Don't sweat the petty stuff, don't pet the sweaty stuff.
oneofthem
Profile Blog Joined November 2005
Cayman Islands24199 Posts
Last Edited: 2012-11-09 06:55:15
November 09 2012 06:40 GMT
#28386
the poll drop was because of weak reports out of germany. obama caused it to rise.

make no mistake these guys know that for the short term at least the governmnet cannot stop deficit spending.
We have fed the heart on fantasies, the heart's grown brutal from the fare, more substance in our enmities than in our love
BluePanther
Profile Joined March 2011
United States2776 Posts
November 09 2012 06:41 GMT
#28387
On November 09 2012 15:38 micronesia wrote:
Alternately, the election could have been the trigger for a bear market that was going to happen soon anyway.

In either case I wouldn't blame Obama for the past couple of days.



I wouldn't blame Obama individually (although he's part of it). It dropped because we have a split Congress. There is no one-party rule this session (and likely not for the next 6 years). That's gonna cause problems, and Wall Street is pricing itself into this reality. Republicans thought they had the Senate easy, and they got TROUNCED.
BluePanther
Profile Joined March 2011
United States2776 Posts
Last Edited: 2012-11-09 06:46:11
November 09 2012 06:44 GMT
#28388
On November 09 2012 15:40 Feartheguru wrote:
Obama plan: Super raise taxes (but only on "rich" people), close loopholes, erase the deficit. Americans, how are you so stupid that you elected Obama so he could implement his simple yet brilliant plan. Do you not see how it will solve all of your problems? It will generate 12 million jobs, wipe away the deficit and lead to a brilliant future.


FTFY

Different name, same problem.
BronzeKnee
Profile Joined March 2011
United States5225 Posts
November 09 2012 06:44 GMT
#28389
On November 09 2012 15:40 Feartheguru wrote:
Romney plan: Super cut taxes, close loopholes, erase the deficit. Americans, how are you so stupid that you didn't elect Romney so he could implement his simple yet brilliant plan. Do you not see how it would have solved all of your problems? It would generate 12 million jobs, wipe away the deficit and lead to a brilliant future.



Yes, tax cuts are always the solution to deficit problems...
BluePanther
Profile Joined March 2011
United States2776 Posts
Last Edited: 2012-11-09 06:45:24
November 09 2012 06:45 GMT
#28390
--
BronzeKnee
Profile Joined March 2011
United States5225 Posts
Last Edited: 2012-11-09 06:50:17
November 09 2012 06:46 GMT
#28391
Because when you are in debt and need more income you should cut your hours at work, and just pile on more debt... is that right Blue Panther?

Or maybe we should go to war, then cut taxes... which would be like saying "well I have two kids about to start college now that I need to pay for... I guess I'll cut my income and put more on the credit card, that would be fiscally responsible..." And that fiscal conservative lesson was brought you by the Republican Party.
ZackAttack
Profile Joined June 2011
United States884 Posts
November 09 2012 06:47 GMT
#28392
On November 09 2012 15:40 Feartheguru wrote:
Romney plan: Super cut taxes, close loopholes, erase the deficit. Americans, how are you so stupid that you didn't elect Romney so he could implement his simple yet brilliant plan. Do you not see how it would have solved all of your problems? It would generate 12 million jobs, wipe away the deficit and lead to a brilliant future.



I no longer know what is a troll anymore. These are trying times on the internet.
It's better aerodynamics for space. - Artosis
BronzeKnee
Profile Joined March 2011
United States5225 Posts
November 09 2012 06:48 GMT
#28393
On November 09 2012 15:47 ZackAttack wrote:
Show nested quote +
On November 09 2012 15:40 Feartheguru wrote:
Romney plan: Super cut taxes, close loopholes, erase the deficit. Americans, how are you so stupid that you didn't elect Romney so he could implement his simple yet brilliant plan. Do you not see how it would have solved all of your problems? It would generate 12 million jobs, wipe away the deficit and lead to a brilliant future.



I no longer know what is a troll anymore. These are trying times on the internet.


He is trolling man. And if he isn't trolling, then God help him.
BluePanther
Profile Joined March 2011
United States2776 Posts
November 09 2012 06:49 GMT
#28394
On November 09 2012 15:46 BronzeKnee wrote:
Because when you are in debt and need more income you should cut your hours at work, and just pile on more debt... is that right Blue Panther?

Or maybe we should go to war, then cut taxes... which would be like saying "well I have two kids about to start college now... I guess I'll cut my income and put more on the credit card, that would be fiscally responsible..." Thanks GW Bush.


Apples and Oranges, I can't really respond to that.

Don't forget both parties voted for that war... That's not on him.
archonOOid
Profile Blog Joined March 2011
1983 Posts
November 09 2012 06:51 GMT
#28395
I wonder what Bin Laden would say if he was alive today? Because the war against terrorism isn't in the public discourse, the fear of Al Quaida had faded and Barack Obama is reelected.
I'm Quotable (IQ)
ZackAttack
Profile Joined June 2011
United States884 Posts
Last Edited: 2012-11-09 06:51:39
November 09 2012 06:51 GMT
#28396
On November 09 2012 15:48 BronzeKnee wrote:
Show nested quote +
On November 09 2012 15:47 ZackAttack wrote:
On November 09 2012 15:40 Feartheguru wrote:
Romney plan: Super cut taxes, close loopholes, erase the deficit. Americans, how are you so stupid that you didn't elect Romney so he could implement his simple yet brilliant plan. Do you not see how it would have solved all of your problems? It would generate 12 million jobs, wipe away the deficit and lead to a brilliant future.



I no longer know what is a troll anymore. These are trying times on the internet.


He is trolling man. And if he isn't trolling, then God help him.


IDK man. I talked today to a physicist that doesn't believe in evolution, and an engineer that thinks that trickle down economics is the answer to all financial troubles. I thought both were joking and was sadly mistaken.
It's better aerodynamics for space. - Artosis
BronzeKnee
Profile Joined March 2011
United States5225 Posts
Last Edited: 2012-11-09 06:56:20
November 09 2012 06:52 GMT
#28397
On November 09 2012 15:49 BluePanther wrote:
Show nested quote +
On November 09 2012 15:46 BronzeKnee wrote:
Because when you are in debt and need more income you should cut your hours at work, and just pile on more debt... is that right Blue Panther?

Or maybe we should go to war, then cut taxes... which would be like saying "well I have two kids about to start college now... I guess I'll cut my income and put more on the credit card, that would be fiscally responsible..." Thanks GW Bush.


Apples and Oranges, I can't really respond to that.

Don't forget both parties voted for that war... That's not on him.


The war wasn't on him, but the tax cut while at war, the first time this nation has ever done that, is on him and the Republican Congress of the time.

The last President to balance the budget was Bill Clinton. And before that? Jimmy Carter. Check it, and learn what fiscal responsibility is about.

Obama has a plan to balance the budget, we never even knew Mitt Romney's plan because he didn't release it. But as Bill Clinton said, it would probably end up cutting taxes way more than spending and be unbalanced, like every budge passed by Reagen, Bush and Bush. Republicans like to have their cake and eat it too, they just pay for everything with the credit card.
hinnolinn
Profile Joined August 2010
212 Posts
November 09 2012 06:55 GMT
#28398
On November 09 2012 15:52 BronzeKnee wrote:
Show nested quote +
On November 09 2012 15:49 BluePanther wrote:
On November 09 2012 15:46 BronzeKnee wrote:
Because when you are in debt and need more income you should cut your hours at work, and just pile on more debt... is that right Blue Panther?

Or maybe we should go to war, then cut taxes... which would be like saying "well I have two kids about to start college now... I guess I'll cut my income and put more on the credit card, that would be fiscally responsible..." Thanks GW Bush.


Apples and Oranges, I can't really respond to that.

Don't forget both parties voted for that war... That's not on him.


The war wasn't on him, but the tax cut while at war, the first time this nation has ever done that, is on him and the Republican Congress of the time.

The last President to balance the budget was Bill Clinton. And before that? Jimmy Carter. Check it, and learn what fiscal responsibility is about.


I'm curious what you're trying to imply here. Are you saying that Democrats are better for the economy?
JonnyBNoHo
Profile Joined July 2011
United States6277 Posts
November 09 2012 06:56 GMT
#28399
On November 09 2012 15:52 BronzeKnee wrote:
Show nested quote +
On November 09 2012 15:49 BluePanther wrote:
On November 09 2012 15:46 BronzeKnee wrote:
Because when you are in debt and need more income you should cut your hours at work, and just pile on more debt... is that right Blue Panther?

Or maybe we should go to war, then cut taxes... which would be like saying "well I have two kids about to start college now... I guess I'll cut my income and put more on the credit card, that would be fiscally responsible..." Thanks GW Bush.


Apples and Oranges, I can't really respond to that.

Don't forget both parties voted for that war... That's not on him.


The war wasn't on him, but the tax cut while at war, the first time this nation has ever done that, is on him and the Republican Congress of the time.

The last President to balance the budget was Bill Clinton. And before that? Jimmy Carter. Check it, and learn what fiscal responsibility is about.

The Bush tax cuts were a work in progress well before war broke out. Its what the country voted for when they elected Bush... and they were pretty responsible at the time.
BronzeKnee
Profile Joined March 2011
United States5225 Posts
Last Edited: 2012-11-09 07:01:42
November 09 2012 06:57 GMT
#28400
On November 09 2012 15:55 hinnolinn wrote:
Show nested quote +
On November 09 2012 15:52 BronzeKnee wrote:
On November 09 2012 15:49 BluePanther wrote:
On November 09 2012 15:46 BronzeKnee wrote:
Because when you are in debt and need more income you should cut your hours at work, and just pile on more debt... is that right Blue Panther?

Or maybe we should go to war, then cut taxes... which would be like saying "well I have two kids about to start college now... I guess I'll cut my income and put more on the credit card, that would be fiscally responsible..." Thanks GW Bush.


Apples and Oranges, I can't really respond to that.

Don't forget both parties voted for that war... That's not on him.


The war wasn't on him, but the tax cut while at war, the first time this nation has ever done that, is on him and the Republican Congress of the time.

The last President to balance the budget was Bill Clinton. And before that? Jimmy Carter. Check it, and learn what fiscal responsibility is about.


I'm curious what you're trying to imply here. Are you saying that Democrats are better for the economy?


I'm saying that Democratic party is the party of fiscal responsibility.

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