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Cashin On An "Embarrassing Victory" In The Election

Tyler Durden's picture




 

As normal, what takes pundits 1000s of words to pontificate upon, UBS' ever-ready Art Cashin succinctly summarizes in one paragraph. Critically, as we have noted previously (here, here, and here), he hopes that the election is not close...

There is a broad hope among traders that the election is not close. With the divided state of the nation on lots of issues, a close result might be the worse outcome.

 

Several pundits project a possible win for Romney in the popular vote with the President taking the Electoral College. That possibility was enhanced by Sandy's damage. With the worst impact in states that traditionally vote Democratic, a lower turnout could skew one way. A split outcome could bring victory but some embarrassment to the President, since he is on record several times over the years stating that the presidency should go to the candidate that wins the popular vote.

 

Nonetheless, the law's the law.

 

Indeed...

 

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Mon, 11/05/2012 - 11:26 | 2948584 Bubble
Bubble's picture

Obama is on record several times over the years stating many things, most of which he has reneged on, so don't you worry about that.

Mon, 11/05/2012 - 11:29 | 2948599 FuzzyDunlop21
FuzzyDunlop21's picture

what do you call a person who reneges?

Mon, 11/05/2012 - 11:31 | 2948614 camaro68ss
camaro68ss's picture

No matter who wins, america loses

Mon, 11/05/2012 - 11:49 | 2948701 francis_sawyer
francis_sawyer's picture

Cashin can't make it to 1,000 words anymore... The 'booze' kicks in at around 900...

Mon, 11/05/2012 - 11:55 | 2948724 Precious
Precious's picture

One thing nobody's saying is "Obama Landslide".

Mon, 11/05/2012 - 12:09 | 2948742 redpill
redpill's picture

Once again, Paul Krugman to the rescue: http://krugman.blogs.nytimes.com/2012/11/03/reporting-that-makes-you-stupid/

 

The arrogance is nothing short of amazing.

Mon, 11/05/2012 - 12:10 | 2948786 NotApplicable
NotApplicable's picture

When it's all you've got, what else is a sophist to do?

Mon, 11/05/2012 - 12:31 | 2948849 Manthong
Manthong's picture

Anything near close will have the liberal’s lawyers gumming the works up for months.

That would be trouble for everything from the Mountains of Hopium to the Fiscal Cliffs.

Mon, 11/05/2012 - 13:50 | 2949092 12ToothAssassin
12ToothAssassin's picture

Therefore youre saying that if Obama wins in a close race the conservative lawyers will stand idle?

Mon, 11/05/2012 - 15:39 | 2949444 Comay Mierda
Comay Mierda's picture

Anyone who thinks Romney will be any different than Obama should read about the Mormon principle of UNITED ORDER 

 

http://www.mormonwiki.com/United_Order

Mon, 11/05/2012 - 16:00 | 2949528 Dalago
Dalago's picture

Remember remember the fifth of November
Gunpowder, treason and plot.
I see no reason why gunpowder, treason
Should ever be forgot...

Mon, 11/05/2012 - 16:14 | 2949572 Ident 7777 economy
Ident 7777 economy's picture

 

 

Comay Mierda <-- moron alert

Mon, 11/05/2012 - 16:49 | 2949714 Cathartes Aura
Cathartes Aura's picture

heh,

The scriptures give several examples of societies living the United Order. The City of Enoch was taken up into heaven because of the righteousness of its inhabitants. The citizens of the City of Enoch lived the laws of the United Order:

And the Lord called his people Zion, because they were of one heart and one mind, and dwelt in righteousness; and there was no poor among them (Moses 7:18).
Members of The Church of Jesus Christ of Latter-day Saints expect Zion to be established in Missouri, which will be called New Jerusalem during the Millennium. The United Order will be practiced in Zion and will be the economy of Christ everywhere on earth during the Millennium.

thanks for that fun link Comay, really the picture there says it all. . .

http://www.mormonwiki.com/File:Mormon_Paying_Tithing.jpg

Mon, 11/05/2012 - 18:54 | 2950098 Justinx34
Justinx34's picture

hmmmm...   fake christian/muslim  or fake morman

Mon, 11/05/2012 - 15:18 | 2949384 CrockettAlmanac.com
CrockettAlmanac.com's picture

 

Anything near close will have the liberal’s lawyers gumming the works up for months.

 

It was the Bush camp that took the 2000 recount (which was required under Florida law) to the US Supreme Court. So much for states' rights.

Mon, 11/05/2012 - 15:56 | 2949513 dbTX
dbTX's picture

Crockett you are wrong, Al Gore filed a federal suit that wound up in the SCOTUS

Mon, 11/05/2012 - 17:22 | 2949824 CrockettAlmanac.com
CrockettAlmanac.com's picture

No, I'm right:

 

SUPREME COURT OF THE UNITED STATES
No. 00–949

GEORGE W. BUSH, et al., PETITIONERS v. ALBERT GORE, Jr., et al.
on writ of certiorari to the Florida Supreme Court
(December 12, 2000)

 

http://law2.umkc.edu/faculty/projects/ftrials/conlaw/bushvgorell.html

Mon, 11/05/2012 - 21:46 | 2950533 Ident 7777 economy
Ident 7777 economy's picture

 

 

 

I suggest you review the timeline to see who made what kind of moves FIRST before claiming victory based on ONE court filing:

 

http://uselectionatlas.org/INFORMATION/ARTICLES/pe2000timeline.php

 

I should also raise the issue of the Florida Supreme Court meddling with the written law there in Florida, which the USSC stepped in to quash - 

 

- But, you're probably TOO YOUNG to remember that far back ...

 

 

Mon, 11/05/2012 - 22:08 | 2950585 CrockettAlmanac.com
CrockettAlmanac.com's picture

I'm 49. I was 37 at the time. But that's another error to which you'll likely never admit.

What I said is that Bush took the case to FEDERAL court. That he was not willing to let the matter rest with the state and that that belied any Republican preference for states rights.

Try to follow along a little better next time and admit when you are wrong. Standing by that which has been demonstrated to be false makes you look foolish.

Mon, 11/05/2012 - 16:10 | 2949556 Ident 7777 economy
Ident 7777 economy's picture

-1 Crockett  for incorrect recollection of history.

Mon, 11/05/2012 - 17:24 | 2949828 CrockettAlmanac.com
CrockettAlmanac.com's picture

No, it's a verified citation of history:

 

SUPREME COURT OF THE UNITED STATES
No. 00–949

GEORGE W. BUSH, et al., PETITIONERS v. ALBERT GORE, Jr., et al.
on writ of certiorari to the Florida Supreme Court
(December 12, 2000)

 

http://law2.umkc.edu/faculty/projects/ftrials/conlaw/bushvgorell.html

Mon, 11/05/2012 - 21:40 | 2950539 Ident 7777 economy
Ident 7777 economy's picture

 

 

 

I'll see your ONE court filing and raise you the 2000 election timeline - 

 

Note who made what kind of moves FIRST:

 

http://uselectionatlas.org/INFORMATION/ARTICLES/pe2000timeline.php

 

 

Mon, 11/05/2012 - 22:07 | 2950591 CrockettAlmanac.com
CrockettAlmanac.com's picture

Bush took the matter to FEDERAL court as I stated. Gore is not the petitioner in the Federal case as you suggested.

Did you even read the timeline you posted? It proves my point about Bush's preference for Federal control rather than states' rights yet again:

November 11, 2000   •  The Bush camp seeks a federal injunction to stop hand recounts of ballots in several Florida counties because of alleged equal protection and other constitutional violations.
Mon, 11/05/2012 - 12:37 | 2948853 francis_sawyer
francis_sawyer's picture

Fuck you junkers up there... ONCE AGAIN ~ I'll point out out the 'truth' to my comment...

~~~

"There is a broad hope among traders that the election is not close..."

Fuck 900 words... Art Cashin [Mr. "911" nostalgia] proves his irrelevence in the first dozen words... "Traders"?... "TRADERS"???... Are you fucking kidding me?... So I guess there are a bunch of TRADERS out there on the floor wringing their hands about a US political election...

Go fucking fish on the absolute IRRELEVANCE of both rigged environments... Quick people... Man those tradestations... Millions of joobucks are at stake...

Mon, 11/05/2012 - 12:40 | 2948874 gmrpeabody
gmrpeabody's picture

Had a bad night..., eh?

Mon, 11/05/2012 - 12:52 | 2948910 francis_sawyer
francis_sawyer's picture

Nah ~ Jus sayin'...

Mon, 11/05/2012 - 14:48 | 2949305 Conrad Murray
Conrad Murray's picture

That apostrophe on the end there, that really adds some sophisticate-level kitschyness to the catchphrase. Good job.

http://www.thedailyshow.com/watch/tue-august-18-2009/cnn-s-just-sayin-

Mon, 11/05/2012 - 15:07 | 2949355 jballz
jballz's picture

 

Or how about this one? Conrad Murray is a douché

What's awesome is that Conrad Murray is a douché instead of douche adds sophistaction too, except it doesn't because it is the wrong use of the é and it is calling you a douche which anyone can do. And do/ And do.

Douché!

 

See? It's easy.

Farewell Conrad Murray, douché...

Mon, 11/05/2012 - 15:57 | 2949514 cornedmutton
cornedmutton's picture

Your comment was trashed because it provided no value to the discussion whatsoever.

I would recommend you stop taking everything so personally.

Mon, 11/05/2012 - 15:07 | 2949353 q99x2
q99x2's picture

Read Sophie's Choice.

Mon, 11/05/2012 - 12:42 | 2948886 RSloane
RSloane's picture

He's awesome as a LOL-source as well as irony. His reporting makes people stupid.

Mon, 11/05/2012 - 13:03 | 2948952 cranky-old-geezer
cranky-old-geezer's picture

 

 

The insanity is nothing short of amazing.

There, fixed it.

Anyone saying broken windows, natural disasters, and alien invasions are good for growth is ...well... just fucking insane.

Mon, 11/05/2012 - 14:21 | 2949196 dugorama
dugorama's picture

don't forget wars.  nothing destroys infrastructure like saturation bombing campaigns.  and plenty of people of all stripes think that war is good for the economy.  paying people to make sand jump.

Mon, 11/05/2012 - 15:34 | 2949409 CrockettAlmanac.com
CrockettAlmanac.com's picture

In 2011 Krugman said, “If we had the threat of war, had a military buildup, you’d be amazed at how fast this economy would recover.”

It's as if he doesn't realize that the US already spends almost as much on the military as every other nation combined and that we've been at war for a decade which has cause great harm to the economy. The man is truly insane.

 

http://abcnews.go.com/ThisWeek/week-transcript-austan-goolsbee/story?id=...

 

Mon, 11/05/2012 - 12:02 | 2948753 PLira
PLira's picture

One thing nobody's saying is "Obama Landslide".

 

Cramer did. Of course, he also called Bear Stearns a screaming buy the Thursday before the weekend collapse of same, thereby ratfuckiing hundreds of thousands of those invested in it.

Cramer is a contrarian indicator or a stay away from whatever crap he's frontrunning to me though,

YMMV

Mon, 11/05/2012 - 12:13 | 2948795 jcaz
jcaz's picture

Shhh- don't give the Cramer secret short trade away-  I'm still counting the money he made me by pimping Chipotle....

BTW Jim- thanks for loving SHW at $156, too-  you're money in the bank, dude......

 

Mon, 11/05/2012 - 12:21 | 2948816 Roger O. Thornhill
Roger O. Thornhill's picture

Whoever wins - it's the government that wins.

Mon, 11/05/2012 - 12:37 | 2948865 Nothing To See Here
Nothing To See Here's picture

What do you mean by "whoever wins"? I wasnt aware there was more than one option for the election??

Mon, 11/05/2012 - 14:58 | 2949329 Roger O. Thornhill
Roger O. Thornhill's picture

Ha! Well said.

Mon, 11/05/2012 - 12:24 | 2948801 Precious
Precious's picture

Don't watch Cramer.  Even block out the channel when staying in hotels.

Never watch TV.  

Only watch Cosmo Kramer on DVD.  Better fraudster than the other Cramer. 

Mon, 11/05/2012 - 12:26 | 2948828 azzhatter
azzhatter's picture

oh you mean the credible cramer

Mon, 11/05/2012 - 12:30 | 2948845 Precious
Precious's picture

As credible as any Freemason can get.

Mon, 11/05/2012 - 16:02 | 2949533 azzhatter
azzhatter's picture

actually I was thinking of Kramer

Mon, 11/05/2012 - 17:59 | 2949930 Precious
Precious's picture

Yup.  Michael Richards.  Cosmo Kramer.  33-Degree Freemason.

Mon, 11/05/2012 - 12:34 | 2948857 Mr Pink
Mr Pink's picture

I'll say it, " Obama Landslide"

Mon, 11/05/2012 - 15:19 | 2949391 TeamDepends
TeamDepends's picture

Can't wait to watch the PMSNBC cry-fest tomorrow.  Now THAT'S entertainment....

Mon, 11/05/2012 - 15:36 | 2949432 krispkritter
krispkritter's picture

I wouldn't want to be in the same room with Chrissy Matthews when he starts shitting himself and flinging it around the room...

Mon, 11/05/2012 - 15:45 | 2949464 TeamDepends
TeamDepends's picture

The wrong kind of tingle.

Mon, 11/05/2012 - 16:33 | 2949641 AgShaman
AgShaman's picture

"We need more bananas...the chimps are going 'ape shit' crazy"!

Mon, 11/05/2012 - 15:27 | 2949412 SmallerGovNow2
SmallerGovNow2's picture

One thing nobody's saying is "Obama Landslide".

 

Check MSNBC nut job Cramer....  he did...

Mon, 11/05/2012 - 15:42 | 2949452 TeamDepends
TeamDepends's picture

Surely they will cut him loose after this.  Maybe he could do a side-show act with the circus:  "Ladies and gentlemen, step right up and watch The Incredible Cramer pick all the losers while juggling flaming hoops inside the lion cage..."

Mon, 11/05/2012 - 11:32 | 2948618 flacon
flacon's picture

Top Contributors for Mitt Romney:

http://www.opensecrets.org/pres12/contrib.php?cycle=2012&id=N00000286

Goldman Sachs $994,139 Bank of America $921,839 Morgan Stanley $827,255 JPMorgan Chase & Co $792,147 Credit Suisse Group $618,941 Wells Fargo $598,379 Deloitte LLP $554,552 Kirkland & Ellis $496,722 Citigroup Inc $465,063 Barclays $428,250 PricewaterhouseCoopers $421,085 UBS AG $400,390 HIG Capital $385,500 Blackstone Group $360,225 Ernst & Young $293,067
Mon, 11/05/2012 - 11:44 | 2948673 RSloane
RSloane's picture

Who were exactly the same donors in approximately the same amount for Obama in 2008.

Mon, 11/05/2012 - 12:04 | 2948759 LawsofPhysics
LawsofPhysics's picture

...ergo, no matter who wins, the American republic loses.

Stupid sheep.

Mon, 11/05/2012 - 12:28 | 2948837 Bananamerican
Bananamerican's picture

if the one guy wins, our money goes pouring into the Banks, the Military/"Homeland"/Security/Prison/Espionage Industrial complex, Medicare, Corporate subsidies/Welfare, Interest on the Debt and Fracking.

If the other guy wins, our money goes pouring into the Banks, the Military/"Homeland"/Security/Prison/Espionage Industrial complex, Medicare, Corporate subsidies/Welfare, Interest on the Debt and Public Unions.

 

meh

Mon, 11/05/2012 - 16:01 | 2949529 Ident 7777 economy
Ident 7777 economy's picture

+1 Fracking.

Mon, 11/05/2012 - 12:45 | 2948893 RSloane
RSloane's picture

+ 1

That's it exactly, Laws.

Mon, 11/05/2012 - 16:04 | 2949540 Ident 7777 economy
Ident 7777 economy's picture

-1

 

'LawsofPhysics' may know physcis BUT does not know human nature ...

 

What? You think HUMAN NATURE changed simply because the US of A was formed?

 

Guffaw guffaw ... human nature has not changed one iota, Cain, said Able ...

Mon, 11/05/2012 - 11:45 | 2948679 therearetoomany...
therearetoomanyidiots's picture

Funny, it looks just like top contributors for Obama - what's your point

Mon, 11/05/2012 - 12:08 | 2948778 flacon
flacon's picture

Obama is different - mostly universities and corporations: Top Contributors for Baraq Obama

 

University of California $1,092,906 Microsoft Corp $761,343 Google Inc $737,055 US Government $627,628 Harvard University $602,992 Kaiser Permanente $532,674 Stanford University $473,372 Deloitte LLP $430,084 Columbia University $411,894 Time Warner $408,512 DLA Piper $393,102 Sidley Austin LLP $377,133 University of Chicago $325,256 Comcast Corp $320,366 IBM Corp $318,645 US Dept of State $308,926 University of Michigan $308,410 US Dept of Justice $300,455 Wells Fargo $288,804 Apple Inc $270,856
Mon, 11/05/2012 - 12:13 | 2948794 ratso
ratso's picture

Perhaps this vote of confidence by academia sugguests that the best and brightest recommend Obama.  

Mon, 11/05/2012 - 12:32 | 2948851 rqb1
rqb1's picture

your kidding right?

Mon, 11/05/2012 - 13:33 | 2949043 HoofHearted
HoofHearted's picture

I work in a university, and my dog is brighter than most of the fuckwits around me. And the dog just ate someone's pencil and shit it on the floor without even fucking bothering to go outside. Now there is intelligence right there. And the dog is so much more intelligent as she doesn't have an Obama sticker ruining her car, nor will she even go out tomorrow to vote. (She might go outside to take a shit or she might decide the floo is good enough.) Tenure that bitch's ass. 

Mon, 11/05/2012 - 15:12 | 2949366 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

It's just awesome that my tax dollars are being used by a major University to fund the election campaign of an elected official!

If that ain't fascism, I don't know what is.

Mon, 11/05/2012 - 15:38 | 2949419 ratso
ratso's picture

One thing is clear - you do not know what fascism is.

Mon, 11/05/2012 - 16:30 | 2949630 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Who made money on the advertising?

Corporations!

Who do the campaigns support?

Corporations!

What is fascism?

When the State and Corporations merge into one entity.

Mon, 11/05/2012 - 12:42 | 2948884 Tucson Tom
Tucson Tom's picture

Don`t you mean the tenured and aloof?

Mon, 11/05/2012 - 12:55 | 2948921 Augustus
Augustus's picture

Those are certainly the ones who have convinced themsilves that they are the best and brightest.  Nothing else like tenure to remove all understanding of the population and elevate the ego.

Mon, 11/05/2012 - 14:00 | 2949122 therearetoomany...
therearetoomanyidiots's picture

Those who can, do, those who can't, teach.

Mon, 11/05/2012 - 14:36 | 2949260 Helvetico
Helvetico's picture

You're quite the original thinker. I bet your other favorite cliché is "X% of statistics are made up."

Mon, 11/05/2012 - 15:44 | 2949457 Blankenstein
Blankenstein's picture

Maybe academia needs to step outside the ivory tower and take a look around. 

 

http://www.youtube.com/watch?v=eDJSVPAx8xc

 

http://www.youtube.com/watch?v=OrsBKGpwi58

Mon, 11/05/2012 - 15:00 | 2949333 OpenEyes
OpenEyes's picture

US Dept of Justice $300,455?

US Dept of State $308,926?

That's some fucked up shit right there!  What the hell man?  First of all, where is this money coming from?  Last time I checked neither of these Federal Government departments has a P&L or board of directors who could approve such an expinditure.  Secondly, Why?  Is it that they're scared that the other candidate might go outside and hire a private department of justice or state?  Lastly, What the fuck?!

Mon, 11/05/2012 - 11:51 | 2948700 Cognitive Dissonance
Cognitive Dissonance's picture

The money (at least) has spoken.

I suspect we might get to revisit the year 2000 Bush/Gore fun and games, only this time the battleground could be Virginia and/or Ohio. Which means we all might be waiting upon the Supremes.

The good news? Several million more will get to look behind the Wizard of Oz's curtain and see some naked (politicial) swimming.

Mon, 11/05/2012 - 12:01 | 2948751 larz
larz's picture

hanging choad

Mon, 11/05/2012 - 12:11 | 2948790 tbone654
tbone654's picture

nice orgasmo reference

Mon, 11/05/2012 - 14:13 | 2949165 holdbuysell
holdbuysell's picture

Don't worry... Diebold will take care of everything. /sarc

Mon, 11/05/2012 - 12:34 | 2948848 LMAOLORI
LMAOLORI's picture

 

 

The numbers that really count are criminal prosecutions obama has ZERO 

CONVICTED: Bush 1300+, Clinton 1000+, Obama 0.0

snip

Financial Fraud Conviction Scorecard:

Bush: 1300+, Clinton: 1000+, Obama: 0.0 (+/-)

Meanwhile, not a word of complaint from a single Democrat in Congress, which is especially infuriating given the broad bi-partisan agreement among voters that criminal bankers need to do time.  Too concerned with keeping up appearances and the next election cycle, neither side of the false left-right paradigm of American politics is capable of exposing its own filthwhen it comes to legitimate scandal, and this DOJ non-prosecution madness involving Goldman Sachs certainly qualifies as sordid.

Unfortunately, since it appears to the mainstream media that this is a partisan issue, and Obama is the anointed one, this story will get zero coverage.

---

DOJ Corruption Report via The Daily Caller

Excerpt:

“When we think of cronyism and the problems of cronyism and crony capitalism, we think in terms of economic loss and gain,” Schweizer said in a phone interview.  “What we’re showing here is that cronyism is now permeating our justice system.  So, it’s not just a question of dollars and cents, it’s a question of whether you’re going to face legal jeopardy or not on what you’re doing.”

 

In the report, GAI details how the George W. Bush and Bill Clinton administrations both actually took down financial criminals — unlike the Obama administration.  Between 2002 and 2008, for instance, GAI points out how a Bush administration task force “obtained over 1,300 corporate fraud convictions, including those of over 130 corporate vice presidents and over 200 CEOs and corporate presidents.”

Clinton’s DOJ prosecuted over 1,800 S&L (savings and loans) executives, senior officials, and directors, and over 1,000 of them were sent to jail,” GAI adds.

But, despite having “promised more of the same,” especially in the wake of the 2008 financial crisis, the Obama administration’s DOJ has not brought criminal charges against a single major Wall Street executive.

 

Barack’s Wall Street Problem is Now America’s

snip

 

 

Barack Obama has a major Wall Street and Washington problem that the media so far is refusing to acknowledge or explore. He is in the pocket of the Wall Street firms and mortgage security companies that are at the center of the collapse of the real estate bubble. He is closely tied to at least two of the Fannie Mae principals. As Ricky Ricardo would say, “Barack, you got some splaining to do.”

Let’s start with the numbers. Why is a first term Senator pulling down almost $300,000 a year from Goldman Sachs, Lehman Brothers, Bear Stearns, Fannie Mae, Freddie Mac, AIG, Countrywide Financial, and Washington Mutual? He has not even completed his fourth year in the Senate and received a total of $1,093,329.00 from these eight companies and their employees. (all data from OpenSecrets.org). John McCain’s numbers, according to OpenSecrets.org for the period 1990-2008 (i.e., 18 years worth of data) only collected $549,584.00. In other words, Barack is receiving $273,582.25 (and 2008 is not over) per year while McCain raised a paltry $30,532.44.

Want another shocker? Barack Obama has received more from one source–Goldman Sachs $542,252.00–than McCain has from all of the companies combined. Who the hell is more beholden to lobbyists? And why does a junior Senator from Illinois rate this kind of dough?

Why are these firms and their employees showering Barack with their cash? Although the conventional wisdom wants to pin the Wall Street debacle on Republican greed, the reality is that the real estate market and the big players on Wall Street have been a Democratic game.

more http://www.noquarterusa.net/blog/4939/baracks-wall-street-problem-is-now-americas/

The Election Should Be Settled by a Single Question: Who Caused the Financial Crisis?

http://www.forbes.com/sites/davidmarotta/2012/11/05/the-election-should-be-settled-by-a-single-question-who-caused-the-financial-crisis/

 

 

Mon, 11/05/2012 - 12:50 | 2948905 pods
pods's picture

Wasn't the fat Indian from Citi prosecuted under (place) Holder?

pods

Mon, 11/05/2012 - 13:06 | 2948962 Whiner
Whiner's picture

That was for insider trading, a victimless crime.

Mon, 11/05/2012 - 13:34 | 2949051 HoofHearted
HoofHearted's picture

Where is that mothefucker Jon Corzine anyhow?

(Happy Guy Fawke's Day everyone!)

Mon, 11/05/2012 - 13:00 | 2948943 Augustus
Augustus's picture

Obama's convictions are comming down the line.  the fraud in the stimulus spending is now being prosecuted.

As to who was most responsible for the financial crisis, the winner is William Jefferson Clintoon.  The repeal of Glass Steagel was his work, with Robert Rubin carrying the ball for Citi.  Then there was the change in underwriting standards and crony appointments at Fannie Mae.  Slick Willie is teflon coated.

Mon, 11/05/2012 - 13:11 | 2948976 GCT
GCT's picture

Obama told me on TV we needed to give him 4 more years to finish what he started.  So in his seconhd term the convictions will begin in earnest.  Whats not to believe!  LOL

Mon, 11/05/2012 - 13:39 | 2949059 tsx500
tsx500's picture

FORWARD !          lol

Mon, 11/05/2012 - 14:38 | 2949266 Bay of Pigs
Bay of Pigs's picture

No, it was the Republicans that rammed that legislation through CONgress.

http://en.wikipedia.org/wiki/Gramm-Leach-Bliley_Act

Get.The.Fuck.Out.

 

Mon, 11/05/2012 - 17:21 | 2949821 Panafrican Funk...
Panafrican Funktron Robot's picture

Idea:  read farther than the first couple of paragraphs.  Note the congressional record infographic.  Note that it was an overwhelming, bipartisan win.  

Elected officials don't give a flying fuck about your money unless you're contributing heavily to their campaigns.  Elected officials of both parties.

Mon, 11/05/2012 - 17:49 | 2949906 Bay of Pigs
Bay of Pigs's picture

I know the vote totals. Without Republicans overwhelmingly supporting it wouldnt have passed. 

1 Democratic Senator voted for it. All 53 Republican Senators voted for it. 44 Democrats against.

What is your point again? Mine was refuting his bullshit argument above blaming Clinton for it.

Mon, 11/05/2012 - 13:54 | 2949098 blunderdog
blunderdog's picture

CONVICTED: Bush 1300+, Clinton 1000+, Obama 0.0

The headline's a lie.  Check the stats.

This site has become overrun with campaign shills these days. 

I'm hoping you get your Romney win, though.  I'd like a change of scenery.

Mon, 11/05/2012 - 11:37 | 2948632 ebworthen
ebworthen's picture

FuzzyDunlop21 said: 

Q.  "what do you call a person who reneges?"

A.  "fink", "cop out", or "Mr. President".

Mon, 11/05/2012 - 11:36 | 2948638 Grinder74
Grinder74's picture

A reneger?  There's no way that could be construed as racist against the 44th White President now could it?

Mon, 11/05/2012 - 11:38 | 2948647 Bubble
Bubble's picture

Haha. Well, in this case, a criminal or other c-word.

Mon, 11/05/2012 - 11:41 | 2948659 mess nonster
mess nonster's picture

...a reneg-ade

Mon, 11/05/2012 - 11:44 | 2948676 buckethead
buckethead's picture

what do you call a person who reneges?

 

Everyone missed it... A Maverick.

Mon, 11/05/2012 - 11:56 | 2948734 jughead
jughead's picture

Obamney

Mon, 11/05/2012 - 11:57 | 2948736 Gully Foyle
Gully Foyle's picture

FuzzyDunlop21

Dude that was funny.

But Obama would be merely half of that.

Mon, 11/05/2012 - 12:00 | 2948748 Debt-Is-Not-Money
Debt-Is-Not-Money's picture

"what do you call a person who reneges?"

The franchise owner of a fast food restaurant at shift change?

No, wait...

Mon, 11/05/2012 - 12:11 | 2948787 Stoploss
Stoploss's picture

Used to be, a McDonanld's shift manager.

 

Now, the hospital shift manager.

Mon, 11/05/2012 - 12:29 | 2948842 dark_matter
dark_matter's picture

What do you call a cheapskate who reneges?

Mon, 11/05/2012 - 12:51 | 2948909 Stock Tips Inve...
Stock Tips Investment's picture

Apparently, the result is very tight. So far, the market does not take a very definite resolution. Wall Street will give the same who wins?

Mon, 11/05/2012 - 13:05 | 2948959 Peterpaul
Peterpaul's picture

A re-negger.

Rimshot!

Mon, 11/05/2012 - 15:16 | 2949376 krispkritter
krispkritter's picture

What might just happen to the White House...(can we even call it that anymore?)

Mon, 11/05/2012 - 14:00 | 2949120 Jean Valjean
Jean Valjean's picture

I can't believe no one got this...

What do you call a person who reneges?

A 2012 Obama voter.

Mon, 11/05/2012 - 23:54 | 2950851 Curt W
Curt W's picture

I saw a bumper sticker last April.

Don't renig 2012

Mon, 11/05/2012 - 14:39 | 2949274 Uncle Remus
Uncle Remus's picture

... pleeeeze

Mon, 11/05/2012 - 17:58 | 2949929 SerfDude
SerfDude's picture

renegade

Mon, 11/05/2012 - 11:31 | 2948613 homersimpson
homersimpson's picture

+6 trillion

Mon, 11/05/2012 - 11:52 | 2948710 Gully Foyle
Gully Foyle's picture

To make it simple

We won, they lost.


 

Mon, 11/05/2012 - 12:20 | 2948810 lolmao500
lolmao500's picture

All the bad things he promised, he did. All the good things? He did the exact opposite.

Mon, 11/05/2012 - 13:20 | 2949005 freedogger
freedogger's picture

He did come through on one of his campaign promises from 2008 - He bought his kids a dog!

Mon, 11/05/2012 - 16:05 | 2949543 knukles
knukles's picture

He did not buy the dog he said he was gonna buy.
Said he was gonna buy a kennel mutt and instead took (He didn't even buy it) some fucking thoroughbred Portuguese Water Dog or some such shit from the Drunken Kennedy Clan.

Fuck
The guy is just unbelievable....

Fetch Forward

Mon, 11/05/2012 - 13:46 | 2949075 Silver Bug
Silver Bug's picture

Obama has said a lot of things, essentially none of them have come true. Why start now?

 

http://schiffblog.blogspot.ca/

Mon, 11/05/2012 - 15:05 | 2949347 Stuck on Zero
Stuck on Zero's picture

Bubble said: "Obama is on record several times over the years stating many things, most of which he has reneged on, so don't you worry about that."

Let me rephrase that in a positive light. 

President Barack Obama has a consistent track record of reneging on his promises.

 

Mon, 11/05/2012 - 16:40 | 2949677 ChacoFunFact
ChacoFunFact's picture

the more things change the more they stay the same http://youtu.be/adc3MSS5Ydc.  It's time for some campaignin!

 

 

Mon, 11/05/2012 - 11:27 | 2948589 Nihilarian
Nihilarian's picture

Roads and Bridges are rooting for Obama.

Mon, 11/05/2012 - 11:45 | 2948671 bigdumbnugly
bigdumbnugly's picture

as are people of similar IQ

Mon, 11/05/2012 - 11:51 | 2948704 MachoMan
MachoMan's picture

What the fuck ever, roads and bridges deserve an obama phone after having put up with our fat asses all these years.  Maybe we'll get to have a CCC v2 to go ahead and actually repair the infrastructure built the last depression.

Mon, 11/05/2012 - 13:12 | 2948979 cranky-old-geezer
cranky-old-geezer's picture

 

 

...and dead people are voting for him by an overwhelming majority.

Mon, 11/05/2012 - 11:27 | 2948590 SheepDog-One
SheepDog-One's picture

Dick Morris predicts a landslide for Romney...we'll see.

I mean....'we'll see' how the DieBold machines were programmed.

Mon, 11/05/2012 - 11:38 | 2948644 Grinder74
Grinder74's picture

Robin Williams for the win!!

Mon, 11/05/2012 - 11:47 | 2948687 gmrpeabody
gmrpeabody's picture

Dick Morris predicted a landslide for McCain..., just saying.

Mon, 11/05/2012 - 11:46 | 2948680 RSloane
RSloane's picture

Dick Morris is the only pundit I actually feel sorry for. He tries so hard to remain relevant, which of course he is not.

Mon, 11/05/2012 - 12:27 | 2948834 azzhatter
azzhatter's picture

I also think he was a fluffer for Hilary awhile back. Talk about a hideous job

Mon, 11/05/2012 - 12:03 | 2948757 bank guy in Brussels
bank guy in Brussels's picture

George Soros' company 'Scytl' counting the USA hacker-vulnerable votes this time, company headquarters in Spain ...

Supporting confidence in the big con ...

Mon, 11/05/2012 - 12:38 | 2948867 Winston Churchill
Winston Churchill's picture

Where I am(S. Florida) they've gone back to paper ballots.

Voter feeds into scanner(not Diebold).paper ballots are kept ,according to

election staff, for upto six monthsNo chads,colour the oval,thick paper.

 

Mon, 11/05/2012 - 11:27 | 2948591 Shizzmoney
Shizzmoney's picture

Don't worry guys, the election results, they are official: The Corporations win.

Mon, 11/05/2012 - 11:58 | 2948719 MachoMan
MachoMan's picture

Agree with the sentiment, disagree with the statement as worded.  People need to understand that these corporations are merely the outer shell of defense for wealthy individuals.  The individuals (principal actors in the charade) can jettison the corporations at any time, preferably after having gutted them and converted ethereal dollars/currency into real money/wealth.  The liabilities, etc., stay with the defunct corporation and the principal actors drown some ice cubes on the beach. 

Corporations are not any more or less evil than any other institution...  as george carlin would say, garbage in, garbage out...  the corporate culture is defined by individuals who work there... 

Mon, 11/05/2012 - 12:30 | 2948846 NidStyles
NidStyles's picture

So what you are saying is that it's the people that are vile disgusting beings, rather than the Corporations that are legal fictions created by said person's to do just what you stated. I guess you never stopped and wondered what would happen if those people never could have formed or hid behind a Corporation in the first place. Naw, that would be thinking about things at more than face value, and we can't have that now can we?

Mon, 11/05/2012 - 12:47 | 2948901 MachoMan
MachoMan's picture

As stated numerous times on this blog, I favor a return to three primary forms of business organization: sole proprietorship, general partnership, and limited partnership.  Be that as it may, much of the problem with corporate forms could have been corrected through some remotely logical decisions by the SCOTUS, but that was too much to ask apparently.

Mon, 11/05/2012 - 16:47 | 2949708 NidStyles
NidStyles's picture

What would be the incentive behind the SCOTUS removing the largest taxable form of Business in the country? Think about what you are asking for. You're asking the State to give up power and it's grasp on private wealth through it's revenue generation mechanism. The State pushes consumerism because it's a major source of tax revenue.

Mon, 11/05/2012 - 17:48 | 2949900 MachoMan
MachoMan's picture

Not at all...  most limited liability entities are flow through entities, meaning the entity itself isn't taxed, it "flows through" to the owner.  If these types of entities were eliminated, I suspect there would be a net neutral change in tax revenues, at worst, given it would eliminate a significant number of loopholes and income hiding mechanisms...  the principal actors in the entities would be forced to shoulder whatever may come from the tax man.

Mon, 11/05/2012 - 11:29 | 2948594 mvsjcl
mvsjcl's picture

I hope it's very close:

.

Romney: 0 votes
Obama: 0 votes

Mon, 11/05/2012 - 12:27 | 2948833 dark_matter
dark_matter's picture

Ron Paul: 1

Mon, 11/05/2012 - 11:33 | 2948596 Dr. Engali
Dr. Engali's picture

Quite frankly I don't give a rat's ass. I just want it to be over with so we can continue down the road to perdition, and I don't have to see the fucking adds everywhere.

Mon, 11/05/2012 - 11:44 | 2948672 mess nonster
mess nonster's picture

No worrries, the election has taken us a long way down the road to perdition, and whoever "wins" will just have to step over the threshold.

Mon, 11/05/2012 - 11:48 | 2948692 RSloane
RSloane's picture

I don't give a rat's ass either. Its like choosing who is your favorite Wonder Twin. Neither one of those clowns is going to effectively alter our road to perdition.

Mon, 11/05/2012 - 12:12 | 2948788 blunderdog
blunderdog's picture

Bad simile.  It was always easy to pick a favorite Wonder Twin--one of 'em had titties.

Mon, 11/05/2012 - 12:26 | 2948798 Dr. Engali
Dr. Engali's picture

Hey Sloane. How have you been? You haven't been around for a while. I was beginning to think the black helicopters came and swept you away to your designated FEMA camp.

Mon, 11/05/2012 - 12:53 | 2948913 RSloane
RSloane's picture

It was blustery in Maryland there for awhile. All good now. Fortunately I live in a great community that helped each other out. By the time we had trees cleared and the major beach roads cleared of sand and rocks, FEMA showed up. We cooked gallons and gallons of chili for anyone that needed food and fed the locals clearing the trees and sand [of which my husband was one]. No looting, no one went hungry. Hell, we even had a convoy of people with their big-assed trucks driving Meals-on-Wheels volunteers to take food to the elderly. You won't see any of that on television though. Only the bad news survives.

Mon, 11/05/2012 - 13:04 | 2948941 Dr. Engali
Dr. Engali's picture

Well it's good to hear that you're okay. You are right we never hear how it's the community who pulls together and gets the job done when it comes to the national media. Fonz seems to be doing pretty well. He has been giving us reports from the trenches. I havn't seen him post in a couple days. Last I heard there was still no power around his area, but he has a wood burner to keep the family warm. Hang in there, I'm sure it's not fun.

Mon, 11/05/2012 - 13:48 | 2949085 RSloane
RSloane's picture

Thanks for the update on Fonz, I was wondering how he was doing. Thanks for the well wishes Doc. This entire neighborhood was swarming with local guys ready and eager to use their chainsaws. For a few days, that's all you could hear. We had power crews from Arizona in place before Sandy hit; they worked with our local power crews to get power restored fairly quickly. We're all set now, and I hope Fonz gets power very soon. There's a Nor'easter on its way.

Mon, 11/05/2012 - 14:28 | 2949231 earnyermoney
earnyermoney's picture

I thought he was a Stillers fan. Probably over at Giants stadium reveling in a nice win.

Mon, 11/05/2012 - 11:53 | 2948716 Gully Foyle
Gully Foyle's picture

Dr. Engali

What "adds"?

Mon, 11/05/2012 - 12:05 | 2948767 Anglo Hondo
Anglo Hondo's picture

The doc is apparently a Double-D.  Otherwise known as a hammock.

 

Mon, 11/05/2012 - 11:57 | 2948739 forwardho
forwardho's picture

DR E, I am so with you. Get this nonsense over with. Enough already.

Mon, 11/05/2012 - 13:31 | 2948988 GCT
GCT's picture

Amen Doc!  You forgot all of the fricking signs for local, state and federal electees.  I will be so glad to see them removed. 

We forgot albout of the crazy shit being posted in the comments here as the pundits are out in force.  Maybe ZH will go back to discussions on something besides politics.  I think if the election is close we will have some hangong chad or computer hacking on the headlines next.

I could care less who win the fricking election anyways as nothing will really change.  We the people will still be getting screwed no matter who they boted for.  

Mon, 11/05/2012 - 11:29 | 2948598 HD
HD's picture

I say we let them cage match. Two go in - one comes out.

Mon, 11/05/2012 - 11:54 | 2948717 Gully Foyle
Gully Foyle's picture

HD

Sounds like Gay porn.

Mon, 11/05/2012 - 11:30 | 2948601 SoulOfSilver
SoulOfSilver's picture

He didn't say that.

Mon, 11/05/2012 - 11:30 | 2948602 vote_libertaria...
vote_libertarian_party's picture

If Romney gets the most votes but Obama wins the electoral votes it will be gridlock squared.

 

Benny B. will be working OT printing because Congress won't even bother with the 'Name the highway' bills.

Mon, 11/05/2012 - 12:25 | 2948824 dark_matter
dark_matter's picture

If this (Romney electoral college/Obama popular vote) happens it will be fascinating to see if Obama's homies keep their twitter rioting promises.

When I say 'fascinating' I mean it in a Mr. Spock, the-known-universe-is-about-to-be-destroyed kind of way.

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