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Now What Mr. President?

Tyler Durden's picture





 

From Bill Buckler, author of The Privateer

Now What Mr. President?

There are two major differences between the 2012 Presidential election and its predecessor in 2008. The first one is the fact that there was no incumbent in 2008 while in 2012, Mr Obama is gunning for a second term. The other and MAJOR difference is the state of the markets in the run up to these two  elections. 2008 marked the first time in modern US history when the financial establishment literally lost control of the financial markets. So dire did the situation become that there were “bipartisan” meetings between the contending candidates while they were still competing for the Presidential prize. Both Mr Obama and Mr McCain had to approve the extraordinary measures taken by the Fed and the US Congress to deal with the crisis. Without that, the “fixes” could not have been credibly put in place.

In 2008, the Democratic convention took place over the four days of August 25 - 28. At that time, the weakness in global markets in general and in US markets in particular was not yet front page news. The Dow had certainly fallen from its all time highs set less than a year earlier, but the carnage of the global credit freeze was still in the future. In fact, over the four days of the convention, the Dow actually rose by 329 points or 2.9 percent from 11386 to 11715.

By the time Mr Obama was elected on November 4, 2008, the Dow had plummeted to 9625, its lowest level Since October 2003. By the time he was inaugurated on January 20, 2009, it had fallen to 7949, its lowest level since March 2003. A market meltdown of such magnitude during a US Presidential election year had not been seen since 1932 - and that one had bottomed in June - months before the election itself.

Six weeks after Mr Obama’s election in November 2008, the Fed came to the end point of their “conventional” monetary policy. On December 16, 2008, the Federal Open Market Committee (FOMC) lowered the Fed’s controlling Funds Rate to 0.00 - 0.25 percent. This is the only “constant” in the fiscal and monetary policy of the US government which has survived Mr Obama’s term as President. The Fed Funds Rate remains at 0.00 - 0.25 percent and the FOMC assures us that it will not budge until “mid 2015 at the earliest”. Thanks to this policy - and the addition of a number of “unconventional” monetary policies of which QE is merely the most obvious - US and world markets have recovered.

The 2008 elections were contested on the basis of rescuing the banks and financial markets while claiming that this was ESSENTIAL to save the economy. Four years later, the 2012 elections are being contested on the basis that the economy HAS been saved, but more needs to be done to ensure that it  STAYS saved. Wall Street, as one of the first recipients of the new “money” cascading from both the Fed and the Treasury, has been happy to buy this. Main Street does NOT buy it. The result is an election campaign in the context of a comparative calm on financial markets and a seething discontent in the electorate.

...

Since the 2012 election has an incumbent Democratic candidate, the “important” convention this year was the one that the Republicans held between August 27 - 30 in Tampa, Florida. Over the four days of this convention, the markets barely moved. The Dow closed at 13124 on August 27 and had slipped marginally to 13000 by August 30. On October 26, with the elections just over a week away, the Dow closed at 13107. On the surface, this seems to indicate that the US financial (and political) establishment has learned their lessons of 2008 very well and have made absolutely sure that there would be no market calamity to cloud the “real” issues of the campaign. The problem with this interpretation is that the Fed set off on its third round of “quantitative easing” six weeks ago and the new “money” has had no market effect.

The American people have waited for the “recovery” they have been promised for four years. They have seen the official government figures “measuring” this recovery and the rebound of the financial markets from their early 2009 lows. Neither of these things has convinced them that any REAL progress  had been made in getting the real economy back on its feet. This is the problem - for BOTH candidates.

 


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Sun, 10/28/2012 - 10:20 | Link to Comment ReptilianSlaveMaster
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Benny will bring the ink cartridges, I will bring the beer.. Let the party begin!

Sun, 10/28/2012 - 10:24 | Link to Comment in4mayshun
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It just doesn't seem right that ZH is hosting pop up advertisements for JP Morgan Chase....

Sun, 10/28/2012 - 10:32 | Link to Comment Tyler Durden
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There was an RFP sent out to the Fed as well. No response so far...

Sun, 10/28/2012 - 10:43 | Link to Comment kaiserhoff
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I doubt they have the cajones, but it could be fun.

Sun, 10/28/2012 - 11:08 | Link to Comment kaiserhoff
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I could be wrong.  They have plenty of chutzpah.

(If you haven't read, Yiddish For Your Dog, both mean balls, but the latter carries much more snark and arrogance.)

Sun, 10/28/2012 - 11:17 | Link to Comment disabledvet
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Bankers need friends too you know...

Sun, 10/28/2012 - 11:25 | Link to Comment kaiserhoff
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Sure, but it's the same as chicks.  It looks better if you pretend not to buy them.

Sun, 10/28/2012 - 10:53 | Link to Comment willwork4food
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Let's pretend party like it's 1929!

Sun, 10/28/2012 - 11:43 | Link to Comment Uncle Remus
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Request For Print?

Sun, 10/28/2012 - 10:21 | Link to Comment bubbleburster
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Sort of off topic, I just caught this news.

 

http://www.cbc.ca/news/business/story/2012/10/26/rbc-libor-probe.html

Sun, 10/28/2012 - 10:22 | Link to Comment kaiserhoff
kaiserhoff's picture

Peggy is past her prime, some would say past her expiration date, but she still nails it now and then.

http://online.wsj.com/article/SB1000142405297020453050457807923219450970...

 

 

Sun, 10/28/2012 - 10:58 | Link to Comment kaiserhoff
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My favorite talking head comment.

"The split screen is not kind to Obama."

Sun, 10/28/2012 - 11:07 | Link to Comment FMR Bankster
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The Obama flood wall is being breached everywhere. This morning the Minneapolis Star Tribune (the infamous RED STAR)know for it's left wing views had their poll with Obama up 47 to 44. The Des Moines Register endorsed Romney, their first endorsement of a Repubican for President in 40 YEARS. Polls in Michigan and Pennsylvanis show Obama up but with less than 50%. Romney 52%, Obama 47%.

Sun, 10/28/2012 - 12:01 | Link to Comment Colonial Intent
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Romney 2012, putting the white back in the white house.

Sun, 10/28/2012 - 12:12 | Link to Comment Offthebeach
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"Peggy" Noonan, the white wine and cats Cougar, the Moreen Dowd of the WSJ, Obama Wet-My-Depends is trying to savage her gig.

Another demographic Obama's lost. The single, White women Depends Panther vote.
Obama getting tosses under the Lexus with Florida plates.

Is there any demographic that Obama has increased?

Sun, 10/28/2012 - 10:31 | Link to Comment earleflorida
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what do you mean both candidates? this proplem is of Obama's making, period!-- and romney's to fix!

go romney!

Sun, 10/28/2012 - 11:33 | Link to Comment JustACitizen
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Geez - you can't be this limited. Do you mean Mitt "I've got 90% of all Wall St. Political Donations in 2012" Romney? You really think he's got your best interests in mind - or the nation as a whole even?

Listen - you and all of your friends are at best a microscopic side issue to both candidates and both parties are responsible for the bulk of the problem and the situation we are in. People like you - always waiting for the cavalry to save them from the gays, the flag burners, the feminazis, the blacks, the zombies, the this-the that - are and have been contributing to this situation as well.

Dude - the cavalry is not coming. The kleptocrats/oligarchs are in charge of your country, your state and possibly - your life.

Take care of yourself, your family and your friends, but put away any notions of the President and Congress improving the situation. My best wishes to you and yours.

 

Sun, 10/28/2012 - 10:28 | Link to Comment Robslob
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"Wall Street, as one of the first recipients of the new “money” cascading from both the Fed and the Treasury, has been happy to buy this. Main Street does NOT buy it."

Uh...wrong...mainstream is eating this up like hotcakes or else Obama would have been thrown out of office and bankers imprisoned for treason long ago...

SNAP cha-ching....!


Sun, 10/28/2012 - 10:44 | Link to Comment odatruf
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I'm not sure eating it up is right. I think they (we) are petrified about the situation and are willing to mimic and follow anyone who even hints at knowing what to do.

I'd argue that deep down we know they don't, but that would leave us without hope.

When I say us and we, I am speaking broadly. Clearly some, including many on here, are exceptions.

Sun, 10/28/2012 - 11:26 | Link to Comment disabledvet
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what is interesting is how 2008 was a made to order "1929." (Senator Schumer stating just that btw) save that it hasn't been. What is the difference? hard to tell actually...outside of no arrests being made. A bait and switch? Clearly the US economy isn't 1929! I would argue the biggest "stand out" is the size of Government itself...and trying to argue that Wall Street will "pay for that" is patently false as to be a bad form of "sticking it to your constituents." There is a point where "the constituents stick it to you." (2010) and perhaps "con gusto." (2012) Clearly the big loser has been any of those for whom this Administration purports to represent...namely the Urban League. How do I heat that City? How do I power the grid? How to distribute that benefit check? How do I reform that Agency? These questions have always remained...unanswered...and now funded "by a trillion dollar deficit" that is eating away at the very....

Sun, 10/28/2012 - 10:29 | Link to Comment Hedgetard55
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" Thanks to this policy - and the addition of a number of “unconventional” monetary policies of which QE is merely the most obvious - US and world markets have recovered."

 

Not priced in gold they haven't.

Sun, 10/28/2012 - 12:33 | Link to Comment Offthebeach
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We, Muppets, are about 5 million jobs short, each year. Or 15+ million job/ year inconvenience short. And still short for at least the next couple of years. Maybe, best case, 20-30 million job/years lost. Forever.
Trillions of dolars and tens of millions of families of housing savings, downpayments, mortgage payments and credit ruined. Lost. Forever.

Tens of millions of stagnent income, backward income for years and years to come.

Purchasing power and savings value of everyone, trashed.
Pensions, retirement, trashed.

Record doubling of food line, soup line food stamps, and for years to come.

Food riots all over the world.

Record enslavement of young to Professor Obama's fellow academic/ serf industry. For years to come.

Some freek'n recovery.

Sun, 10/28/2012 - 15:28 | Link to Comment OpenThePodBayDoorHAL
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Ah, I remember the days when the mere idea of "QE" by the Japanese was viewed as a dangerous science experiment with unknown consequences. Japanese real estate and equities are down 70% in the meantime. And the "concept" of QE is now normalized...

Sun, 10/28/2012 - 10:30 | Link to Comment Extremetrader1
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I would love to see an electoral debate where the parties are held accountable for their actions and promises.  It would probably last 10 seconds as all that would be said is hello and goodbye.

 

Why not put a rational system in place whereby elected officials are held accountable to their promises.  In the real world, if you miss your targets and ignore milestones...you get fired!  Please clarify why elected officials cannot be charge for fraud for misdirection.

Sun, 10/28/2012 - 10:44 | Link to Comment yoda585
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"Why not put a rational system in place whereby elected officials are held accountable to their promises." That's a perfectly rational thought, except such a change would have to be made by the same ruling class that would then be held accountable. They don't have time to rule themselves more work; they're too busy trying to figure out how we can work more to serve them.

Sun, 10/28/2012 - 11:36 | Link to Comment disabledvet
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you can't fault the political system for trying. how much do we pay these people for? it's ridiculous given the size and scope of the Special Interests arrayed against them. What folks here should be asking for...indeed what every Congressman should be demanding...is an immediate increase in the amount of money allowed to create staffing...at least as far as Government goes. It is ridiculous to think that somehow any wrongdoing at all can be investigated by the people you elect with only...five guys and subpoena power. Oh, and did i forget to mention no one has been arrested for say "blowing up the entirety of Ohio's economy?" And profiting from that? No? Ooops...must have slipped my mind again. Our current houses are WORTHLESS for a reason. The fact that "we must wait for new houses" before "value is restored" says an awful lot about how big a hole Wall Street had dug...is it for itself too this time?

Sun, 10/28/2012 - 12:04 | Link to Comment Colonial Intent
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Thought Crime!

We have your address, drones en route.................

Sun, 10/28/2012 - 16:24 | Link to Comment OneTinSoldier66
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Here, this might help...

 

http://www.youtube.com/stefbot

Sun, 10/28/2012 - 10:30 | Link to Comment centerline
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Just watch... Eventually, more and more people are going to stop getting jacked by unsolvable social issues like race, gay rights, abortion, etc. and turn to focus on the economy, government spending, what politicians are really doing, and so forth.

Sun, 10/28/2012 - 11:54 | Link to Comment Rainman
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Good point, but all of these tail-chasing social issues are marketed by well paid pimps....thus will last forever. I'm still looking for a start-up team willing to lobby the valid grievances of straight middle aged white guys. No takers and no interest.

Sun, 10/28/2012 - 17:47 | Link to Comment tsx500
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yes , but by that time , it will be too late .

Sun, 10/28/2012 - 10:30 | Link to Comment pauhana
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Unfortunately, instead of watching the first debate, most Americans were enthalled with Honey Boo Boo.  Basically, this election is boiling down to who folks like best, regardless of the profound effect that person will have on our collective future.  And with all the negative ads, it is amazing that anyone still votes.

Sun, 10/28/2012 - 10:36 | Link to Comment Caggge
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Is this election coming down to who folks like the best or who folks hate the least? I can't really imagine anyone liking Willard.

Sun, 10/28/2012 - 10:31 | Link to Comment Downtoolong
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This is why I cast my vote early last week for Ron Paul. Call it a protest vote, wishful thinking, whatever. It’s my vote.

 

What sad commentary of our political process that I had to write him in on my ballot. How can someone with his congressional experience, and who’s ideology is so focused on the leading problem in our economy, not even be listed on the ballot? It just shows how corrupt, manipulated, and lame our political system really is.

 

I simply can’t vote for a candidate, Republican or Democrat, who chooses to ignore the abuse of our monetary system by Wall Street and crony capitalists at the expense of the middle class. I’m a better American than that.

 

Sun, 10/28/2012 - 10:39 | Link to Comment duo
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I love what RP said when asked about running third party - "why don't even have a second party, why do we need a third?"

Sun, 10/28/2012 - 10:40 | Link to Comment Hubbs
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I here you loud and clear. As one who is determined to vote for neither Robomnies, how did you decide between Paul vs Johnston? 

Sun, 10/28/2012 - 10:37 | Link to Comment Long-John-Silver
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Every October 31 since 1936 a Seance has been held in an attempt to bring Harry Houdini across the death threshold so they could speak with him. They have a better chance of succeeding than we have of getting out of this Depression before a total collapse.

Sun, 10/28/2012 - 10:47 | Link to Comment daz
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the economy recovery will happen after the day zerohedge cleans the forum spam. hopefully this decade.

 

 

 

Sun, 10/28/2012 - 10:48 | Link to Comment VonManstein
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gold bottom november. SPX tops out?

http://twitpic.com/b87nr3/full

Sun, 10/28/2012 - 10:48 | Link to Comment papaswamp
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Off topic...Hot rumor in military circles is prez was in the room when Benghazi was live. Something to break Monday morning. Someone will be the fall guy.

Sun, 10/28/2012 - 10:56 | Link to Comment d edwards
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It's increasingly clear that BO WAS in the situation room watching the attack go down in real time-and did nothing but watch our people die.

Who's he going to pin it on?? Gutless bastard didn't want anything to upset the elections, but it already is and far worse than if he had taken action.

Sun, 10/28/2012 - 11:05 | Link to Comment nmewn
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He went to bed not even knowing Stevens and the others fate. He didn't authorize a Spectre gunship, an armed drone, F16's from Italy or anything...nothing.

Nothing.

Went to bed.

Our Commander in Chief.

Sun, 10/28/2012 - 11:10 | Link to Comment francis_sawyer
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Come on man... He had an early tee time the next day...

Sun, 10/28/2012 - 11:14 | Link to Comment nmewn
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Yeah...and a fundraiser to attend in Nevada...he made sure he was well rested for that.

Its inexcusable.

As Biden would say..."This is a big fucking deal man." This isn't goin away...its dereliction of duty, if he were in the military he'd be court martialed.

Sun, 10/28/2012 - 11:38 | Link to Comment Thulsa Doom
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The early news shortly after the massacre indicated Obama went to bed, and yet since then it is never mentioned, even this morning on the Sunday shows. Perhaps that is the real reason for all the confusion for the past six weeks - they needed to somehow cover-up all the mistakes and lies made due to the fact the commander in chief was literally asleep at the switch, so no one made any decisions to send help because it would be their ass on the line and they were unwilling to do that for the sleeping president? I just find it strange that the fact Obama went to sleep has not been raised since shortly after September 11. I wouldn't be surprised if Obama uses sleeping pills to get his much needed rest for campaigning, and they couldn't wake him.

Sun, 10/28/2012 - 13:21 | Link to Comment Things that go bump
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It is rumored that he often does not attend meetings and that he spends a great deal of time watching sports.  

Sun, 10/28/2012 - 13:54 | Link to Comment Offthebeach
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He only choomed the pipe heavy , and vegged on the couch from age 13 until his second no-vote year in the Senate. He's been a real go get'er since then. Honest. Clean. 420 free. Just, tired. Stress you know?

Sun, 10/28/2012 - 11:31 | Link to Comment The Navigator
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Is it the House or Senate that initiates Impeachment charges?

Sun, 10/28/2012 - 11:40 | Link to Comment Uncle Remus
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Knesset.

Sun, 10/28/2012 - 11:48 | Link to Comment nmewn
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The House brings the charges and the Senate judges it.

Sun, 10/28/2012 - 14:55 | Link to Comment The Navigator
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Thanks nmewn.

Not sure how that pans out if the Senate is still Dem (rigged) controlled.

Sun, 10/28/2012 - 18:14 | Link to Comment nmewn
nmewn's picture

I think its a lost cause as far as impeachment. They couldn't even bring themselves to throw out a convicted perjurer.

Think about that.

Politically, you stare into the camera and say I didn't something. No crime, its just unethical and immoral to lie. But then you swear under oath that you didn't. Evidence is produced that you did. You are convicted of perjury (a crime)...and then...nothing. Joe Sixpack would have been hauled out of court in shackles but a President does it and nothing.

The rule of law has been taken out back and shot in the head as it applies to them. Its only for the little people until the Great Reset. I firmly believe that is what people are looking for...honesty, integrity someone with a moral compass.

We're dealing with people who have no morals, no ethics and definitely no honor. Common thugs really.

Sun, 10/28/2012 - 18:42 | Link to Comment The Navigator
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Common Thugs, totally agree.

I think that's why you don't hear much about the Mafia anymore - they've all moved into government jobs.

Sun, 10/28/2012 - 19:10 | Link to Comment nmewn
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Its a racket on a host of levels. Al Capone on his son...

“I don’t want him to be a bootlegger or a reformer, either ... and if he’d ever get to be a public official, I’d want him to be the squarest one that ever lived.”

Ole Al didn't think too much about Wall Street either...

“Those stock market guys are crooked,”

In my darkest thoughts, I've often wondered, if whether pirates & rogues have the right idea. Just take it until someone/something stops you. There's not much difference really...just the color of law and the use of force.

Then I remember my younger days, there's always someone faster, more cunning, more ruthless, stronger, you can't take out everybody. You get tired of proving yourself, of plotting...scheming, looking over your shoulder, causing pain. You desire peace, tranquility...a civilized society...and then you're right back to square one...trusting/paying someone to do it all that for you (a protection racket) and not be a thief and a rogue themselves, to you, in the process...lol.

Sun, 10/28/2012 - 18:36 | Link to Comment Manic by Proxy
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It is precisely this arrogance that begins to fuel my suspicion that a military coup in this nation becomes possible.

Mon, 10/29/2012 - 00:53 | Link to Comment TimmyB
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What was he supposed to do? Slaughter everyone, including every American that was there with 1,000 pound bombs from an F-16? Use a gun ship to kill everyone three hours later?

There was nothing that could be done. Jesus, it's not like the CIA was telling him for fucking months that bin Lauden was determined to strike the U.S.

Sun, 10/28/2012 - 15:30 | Link to Comment OpenThePodBayDoorHAL
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Our Libyan ambassador was caught fooling around with rebels & armaments, he was directly involved. That's a dangerous game and he got caught.

Sun, 10/28/2012 - 10:49 | Link to Comment Yes_Questions
Yes_Questions's picture

 

 

Captured.  What can they (either of them) really do?

 

If there is any reason to feel there's no difference, no real choice when it comes to the candidates; its that the general public is on noone's agenda sans continuity of government.  Look's like their only interested in quelling dissent, damn quality of life.  They fear the public's Liberty and its Pursuit of Happiness.

They'll say anything for votes and do next to nothing to have earned them.  

And worse still, there is the us congress.  

What a shit show.

 

 

 

 

Sun, 10/28/2012 - 10:50 | Link to Comment cherry picker
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Fifty years from now Presidential elections will still have Roe vs Wade to deal with, gay marriage to argue about and bullshit thrown everywhere unless the system of electing people changes and the voters, who are ultimately responsible for their government's actions, start demanding change and not settling for placebos but real change.

Going back to the Constitution and eliminating all laws that infringe the Constitution would be a good place to start.

The government and all the bureaucracies who are run by so called "czars" need a major clean up.

If this isn't done, America might as well go to bed with China.

Sun, 10/28/2012 - 11:13 | Link to Comment willwork4food
willwork4food's picture

Agreed. But I might add that while we're not yet in bed with China, we've felt her up , french kissed her and buying her a drink.

To coin a phrase.

Sun, 10/28/2012 - 11:26 | Link to Comment Xanadu_doo
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If that's the case, China is a big cock tease...shell let you take her out on the town to spend ur ferns, but she'll never put out and you'll go home alone.

Sun, 10/28/2012 - 11:29 | Link to Comment Urban Redneck
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I doubt any "right" granted under Roe vs Wade would still exist even a decade from now.  Obamacare destroys the notion of any "right to privacy" under the 14th amendment within the domain of DHS regulation.

Sun, 10/28/2012 - 12:32 | Link to Comment NidStyles
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50 years from now we'll be grunting and eating berries.

Sun, 10/28/2012 - 10:52 | Link to Comment nmewn
nmewn's picture

Lets all clasp each others hands, bow our heads and pray. Dear Lord, please make this man stop talking. Amen.

 

“But you can’t erase what you’ve already done, they’ve voted to extend tax cuts for the very wealthy, giving a >>>$500 trillion dollar tax<<<cut to 120,000 families,” the vice president said during a campaign speech in Wisconsin on Friday.

http://www.theblaze.com/stories/math-busters-biden-says-gop-supports-500t-tax-cut-adds-obama-admin-will-save-billion-of-oils/

Sun, 10/28/2012 - 11:44 | Link to Comment The Navigator
The Navigator's picture

Can't do math and can't spell

http://www.the-two-malcontents.com/2012/10/spelling-is-hard-obama-suppor...‘foward’-t-shirts-at-biden-rally/

FOWARD!

Sun, 10/28/2012 - 12:16 | Link to Comment owensdrillin
owensdrillin's picture

That's just in ebonics dude.

Sun, 10/28/2012 - 11:00 | Link to Comment lolmao500
lolmao500's picture

People are so stupid, they think if the stock market goes up, the economy is ALWAYS doing better.

Sun, 10/28/2012 - 11:01 | Link to Comment ISEEIT
ISEEIT's picture

There hasn't been any legitimate effort to 'help' the economy recover. We are where we are by design. We've been held upside down by the feet, head over the edge of the cliff for the last four years. If anything we are in FAR worse shape then 4 years ago. Something is in the works. It's absurdly obvious.

 

Sun, 10/28/2012 - 11:01 | Link to Comment markar
markar's picture

The problem is the public is not a special interest group.

Sun, 10/28/2012 - 13:53 | Link to Comment ozziindaus
ozziindaus's picture

Total Fed tax receipts in 2012= +$2T

Total Lobby money in 2011 = +$3B

Problem is that the Public is not interested in their own tax $'s

Sun, 10/28/2012 - 11:21 | Link to Comment Hubbs
Hubbs's picture

We Americans have a solemn duty to vote out each and every encumbent for now and for every election as long as this country still allows voting.

 

All this crap about "gee, I don't like either candidate but  I guess I'd better vote for Romney cuz I don't want Obama'! If you vote for the lesser of two evils then you are playing into their game. As it is, it looks like they each have a 50-50 chance of election.

 

Give them zero chance. Vote for any one else. And in 4 more years, vote for a new candidate.

 

Definition of Politician: One who seeks re-election.  (Romney has already been elected as a governor so he is by definition a politician, and no doubt will seek re -election in 2016 if he wins 2012.)

 

 

Sun, 10/28/2012 - 11:39 | Link to Comment disabledvet
disabledvet's picture

I'm voting for Saddam Hussein as my write in. First off "he gets captured by the US Army." Second....

Sun, 10/28/2012 - 12:34 | Link to Comment NidStyles
NidStyles's picture

Quit putting your lack of responsible living onto my shoulders telling me I have a duty to vote for a dumbshit that will just rob and steal from me no matter who it is.

Sun, 10/28/2012 - 12:03 | Link to Comment Whoa Dammit
Whoa Dammit's picture

How votes are counted in Atlanta (Fulton County):

"Voters went to the polls on July 31, Channel 2’s Lori Geary is looking at the unusual numbers Fulton County certified. 


One precinct reported a 3,300 percent voter turnout. In addition, four of Fulton County’s precincts had a voter turnout greater than 100 percent, 

 Printouts from Fulton County’s Board of Elections showing the vote totals continued to change, even though 100 percent of the precincts had reported. The totals ranged from 56,000 to 62,000, and then from 70,000 to 71,000. 

If we’re dealing with a tabulation system that can be manipulated, then there’s no safe way to run for office in Fulton County,” 

http://www.wsbtv.com/news/news/local/fulton-election-results-show-more-100-turnout-4-pr/nQCzY/

Sun, 10/28/2012 - 12:08 | Link to Comment cranky-old-geezer
cranky-old-geezer's picture

 

 

The American people have waited for the “recovery” they have been promised for four years. They have seen the official government figures “measuring” this recovery and the rebound of the financial markets from their early 2009 lows. Neither of these things has convinced them that any REAL progress  had been made in getting the real economy back on its feet.

It never was about getting the economy back on its feet, and never will be.

Wall Street is the only thing that matters now. Trillions of dollars "printed" and given to Wall Street, not one single dollar given to Main Street ...unless you count extended unemployment benefits and 10 million more people on food stamps, a "drop in the bucket" compared to $20+ trillion given or promised to Wall Street.

It should be abundantly clear now nothing will be done to help Main Street in the future, and Bernanke's "wealth trickle down" theory is a joke.

Not only has nothing been done for Main Street, massive amounts of wealth have been looted from Main Street via currency debasement.  Those trillions of dollars "printed" for Wall Street have debased the US dollar 50%.  Half the purchasing power of your pay check has been stolen.  You now work for half the real pay you received in 2008.

When they say "recovery" they're only talking about Wall Street.  Yes, Wall Street has recoverd well with trillions of dollars given to them.

Bernanke announced open-ended QE and neither candidate spoke against it.  $85 billion a month "printed" and given to Wall Street from here on out.  Ok, till employment shows "significant improvement", which will never happen because giving money to Wall Street doesn't help employement at all ...which Bernanke is fully aware of.   It's just a cover story to keep on looting the economy.

Regardless of whom is elected in November, the American economy will continue in this Fed induced death spiral as more currency is printed and given to Wall Street, further debasing the dollar, looting more wealth from the people.

Bernanke's only desire is to keep inflation from becoming hyperinflation and currency collapse.  Keep the looting at a manageable pace and the sheeple won't notice.  Bleed them slowly and they'll never figure out they're being bled to death.  That's the game. 

Sun, 10/28/2012 - 12:23 | Link to Comment JustACitizen
JustACitizen's picture

I agree with you - with one proviso: Remember that food and energy do not count when calculating inflation.

I sure am glad that we have become "sophisticated" enough to understand that necessities should be subject to speculation, the "free market" and indisputable taxes (before they even get to the end-user) while allowing billions and billions of financial transactions in the space of seconds - would interfere with capital formation (roflmao) and therefore should not be taxed or regulated...

Sun, 10/28/2012 - 12:54 | Link to Comment Dr. Engali
Dr. Engali's picture

What's next Mr. President ?

Why war and FEMA camps of course. Oh and 1.6 billion hollow points for those who don't comply.

Sun, 10/28/2012 - 13:39 | Link to Comment ozziindaus
ozziindaus's picture

Of all the Homeland security pricks prancing around, why can't someone just corner one of them and ask for an explanation?

Sun, 10/28/2012 - 19:15 | Link to Comment toomanyfakecons...
toomanyfakeconservatives's picture

Just watch the movie "Red State" to get an idea of how long government thugs would last against 10+ million crazy, armed Americans. It's high time to blow down the house of cards that makes up the illegitimate federal government and arrest all the traitors. The whole world is calling out for justice, and either U.S. bankster-politicians go down in chains or they'll launch WWIII to cover their tracks.

Sun, 10/28/2012 - 13:37 | Link to Comment ozziindaus
ozziindaus's picture

Prediction (4 year time span)

 

  • Obama gets s"elected" and the Dow plummets near 2009 lows. 
  • Israel attacks the US again claiming it's no longer a friend 
  • Austerity begins in the US
  • Rates remain low for banks only (public access to credit nil)
  • US $ soars
  • Bond yields collapse (Japan style)
  • Manufacturing booms in US (government selected sectors supplying the war machine)
  • Global warming exposed by MSM as a fraud
  • Gold completes a triple top or H&S (you know what's next)
  • All ends in 2016 with a Bolshevik style revolution
  • Masses usurped
  • Superpower status lost
  • Australia crowned as the next center of the imperial empire in a new Asian century

 

Sun, 10/28/2012 - 18:59 | Link to Comment toomanyfakecons...
toomanyfakeconservatives's picture

If swarms of police, patriots, active and former military, and Federal Marshalls show up with 100 prison buses and roll up to Washington D.C. and the Federal Reserve Banks and this can all be avoided.

Sun, 10/28/2012 - 13:42 | Link to Comment hawk nation
hawk nation's picture

The only way to get a recovery is to cut spending by 30% and reduce the siz of government by 50%

Government cant fix what government created only a true free market can create economic growth

Sun, 10/28/2012 - 14:22 | Link to Comment dexter_morgan
dexter_morgan's picture

Truer words have rarely been spoken, but there is about a o% chance of that happening voluntarily.

 

Sun, 10/28/2012 - 14:25 | Link to Comment dexter_morgan
dexter_morgan's picture

Whats next? It's like Frank Marshall Davis, Jr. and wifey-pooh say in their ads - Let's finish what we started.

Hey, so what's new on the Benghazi front?

Mon, 10/29/2012 - 12:04 | Link to Comment monad
monad's picture

In 2007 Obama said he had a plan, which was apparently to continue W's crime spree. Now he says he finally has a plan. In the other corner, Romnoids has declared he'll immediately appropriate 2 trillion for his cronies & launder it through the Pentagon... just like W did, in addition to his other treasons.  

GARY JOHNSON 2012 

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