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Art Cashin Warns: "Pray It's Not Close - For The Country's Sake"
We have discussed in detail the potential ramifications of a 'close' vote (here, here, and here), and only yesterday UBS Art Cashin opined on the potential for an 'embarrassing victory'. Today, the wizened market participant turns the rhetoric dial to 11 (and rightly so) as he warns "pray it's not close" for fear of the polarization of the populace that could occur.
Via Art Cashin of UBS:
Pray That It's Not Close – We have written several times of our concern that a close race could further divide an already polarized populace. Already the legal eagles for both sides are deploying. Here's a bit from USA Today:
In an election this close, expected to be decided by razor-thin margins in key states, both campaigns face a series of Election Day worries that have already begun to bubble to the surface.
Ranging from long lines at polling places to disputes over voter identification, today's vote is already being disputed in some locations.
Both campaigns have assembled legal teams to leap into action at any hint of voting irregularities, like voting machine malfunctions, allegations of voter intimidation and challenges to the legitimacy of absentee and "provisional" votes.
On Sunday, a Florida judge extended early-voting hours in Orange County — a key swing region of a prized battleground state — after Democrats sued to provide more time for long lines of people trying to cast votes.
New York and New Jersey were still scrambling to resolve voting problems created by Hurricane Sandy. New Jersey said it would expand online voting for those whose polling places have been disrupted, a move New York election officials rejected. New York has also had to relocate polling places, which could create voting challenges.
Ohio, Pennsylvania and Florida — all critical swing states for the presidential election — have faced pitched battles throughout the summer over voter-identification laws. As late as last week, Ohio election officials were issuing new rules for what ID is required and how the voter's identification should be certified.
Ohio may have some extra challenges. Here's a piece from Keene Little at Option Investor:
This year Ohio sent absentee-ballot applications to about 95% of its citizens rather than require people to request one. Anyone who returned the application was then sent an absentee ballot, which then requires them to vote by the absentee ballot and not at a polling station. If they do try to vote at a polling station they'll cast a provisional ballot which must then be held under lock and key for 10 days while the state waits to see if an absentee ballot had been received. At the moment some are guessing that there could be 250K or more provisional ballots as a result of this. That large of a number could easily cause Ohio to not be able to project a winner if the voting is too close to call.
Carefully note that no provisional ballots can even be counted until 10 days after the Election. If Florida 2000 was a horror, a close election this year could present six or seven Floridas. Pray its not close – for the country's sake.
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It's called eatin' your seed corn....
Der Spiegel has grasped the wrong end of the stick with, "Destroyed by Total Capitalism America Has Already Lost.."
America is being destroyed by Monopolism
the monopoly of the State and all the rotten fruits (monopolists) that hang/live off it
Capitlism, as the socialist German journalist does not understand it, is about free markets and the brilliance and wealth competitive enterprises brings to society
Der Spiegel is Dur Stupid . . . . . it's probably editorial policy
America is being destroyed by Monopolism.
Which is the inevitable conclusion of capitalism/"free market" policies. Why is this so difficult for people to acknowledge... The better argument is that it's the best thing we've devised, albeit with some obvious shortcomings. Possibly a refinement of this statement:
Capitlism, as the socialist German journalist does not understand it, is about free markets and the brilliance and wealth competitive enterprises brings to society.
It may bring wealth, but that wealth isn't necessarily going to be distributed in any intelligent nor moral manner. In the war between labor and capital, labor has been gutted and laid to rest.
Nope, a free market does not end in monopolism ...it is free, no rules, anyone can enter and compete at any time, that delivers constant vibrancu in the marketplace, no big boy can sit still as they soon get cut up by fresh faster smaller competitiors
that's exactly what happened when the EU made its sole good policy of 'Open Skies'.. suddenly a whole host of new entrants came in and ran rings around the old stagnant dinosaur State monopoly airlines, the national flag carriers. It provided huge choice and tremedous drop in over-priced fairs
now RynaAir is the biggest airline in Europe, they've surpassed the old dinosaurs ...one day Ryanair will be th dinosaur and younger airlines will take them out.. that can only happen in a free market with no barriers to entry like Govt rules, reguialtions and other restrictions
what we have today is regulated markets, a monopoly institution Govt regulating to kill competition... that results in monopolies
look around you. Big healthcare, Big insurance, Big banking, Big retailers, Big energy Co's, Big telco's, Big car Co'ss, Big water Co's etc etc etc
you can't move for monopolies... it is Big Govt that leads to Big Monopolies with big amounts of regulations, adding costs like safety equip etc, barriers to entry ..try building a car or starting a bank or selling water or gas or exploring/selling oil ..good luck with that!
the free market (free of rules) is a constant state of change and flux because there are no barriers to entry for competition to spring up with better ideas.
You haven't seen a new oil company pumping gas in your area in decades, me neither.. same big fat dinosaur oil companies ...that's not a free competitive market, it's a stangant monopolised market
free markets move fast, churn fast, they're the fastest way to progress ...what we have is economic stagnation rbought about by dinosaur monopolies whose rate fo change is pathetic. Look at global Microsoft, every product is a bug-ridden lemon for the past 20+ years
everything you're taught is a lie, the reverse (perversion) of the truth. We're not suffering from capitalism and free markets, we're suffering from monopolism brought by the biggest monopoly in society, Govt
JFC... can you please step outside the academic vacuum and provide one real world example of "free markets" not being corrupted? A "free market" that lasts longer than any other form of economy? You're talking about unicorns.
Yes, clearly, government impedes the free market... but what you are purposefully avoiding is the desire of market participants to mitigate or avoid the normalization of their profits and the extent they will go to do so.
Entrenched businesses give rise to government, then the government eats them... playing with fire...
You mean "...this close to Left.". Drivel.
Scores of buses are dropping off non-voters to hold up voting lines in Ohio. So, this is the Democratic strategy. They lose, and claim that they were unfairly held back from voting because of the long lines that they caused. Acorn all over again.
source?
Tyler(s), these fucking iPhone ads are killing me! In the immortal words of old, drunk John Wayne; "it's gettin to be Re-Goddamn-Diculous!"
switch to firefox and get adblock plus and for good measure get the better privacy plugin as well
Also stop searching for things like fruit, eden and Steve Jobs
They are ads on my iPhone for Bank of America, Black Rock and every other fucking leech. They are little banners in the bottom of the screen and the site is unusable until you "x" them out. The problem is that the "x" is so small I can't click the bastard. It really sucks! There must be a better system to show me ads.
I sympathise, i have made it my dying pledge NEVER to buy ANYTHING from an intrusive ad. These companies dont know how much they are annoying people. I was filling out an online application about a month ago on the train, i put in all my fidgety details and a popup crashed the page, i did it again and the same fucking popup wiped the page with all my details on it. I threw the phone in disgust against the back of the seat and the pile of shit exploded into bits al over the train. People were looking at me as if i was some kind of lunatic… i was.
Power to the people y'all! Thanks Tyler.
The absentee ballot story in Ohio is complete bullshit. If you voted last year you could request an absentee ballot by having them mark your name.
If 95% of the people got an absentee ballot in the mail, that would mean somebody in my family would have received one. None of us got one.
Maybe you don;t have valid picture ID....
Are you sure that you are legal? At least according to the latest Ohio voter laws...
News at Eleven
LOL...really who cares..It is not as though either candidate is going to change the mathmatical certainty of a collapse..one my be able to kick the can down the road better than the other but nothing really changes...
The famous or not so famous battle between a “respected” free trader
http://en.wikipedia.org/wiki/Richard_Cobden
and a now little known mad Irishman
en.wikipedia.org/wiki/Feargus_O’Connor
“I am one of those who from experience has learned that consideration of foreign interests has been forced upon
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us by neglect of our domestic resources: and I believe that overgrown taxation for the support of idlers and the unrestricted gambling speculations upon labour, applied to an undefined and unstable system of production without regard to demand, is the great evil under which manual labourers are suffering”
The Whiteboy & later Rockite Irish movements knew how hopeless their position was –
They were both anti Ascendancy and anti Catholic church in their outlook so had few friends.
Given that they knew what a rotten place the world was as their homeland was a hinterland for the financial interests extraction operations they could not honestly believe in anything or anyone.
Thus they lacked focus.
Therefore they were much like the occupy movement today……….rudderless.
People of faith on the other hand can achieve much – however they can be easily led up the garden path.
The unique properties of energy goods be it corn or oil make them special topics of discussion as their consumption or lack of changes all things.
Talk of free trade vs internal trade thus orbits around the question of “growth” or redundancy from very powerful goods that can change pretty much your entire physical environment.
But distant vital goods such as this can easily fall withen hidden monopolistic control …….this is surely better then domestic monopolistic forces which must at least work withen domestic energy & political systems.
Hi Dork, how's the austerity going?
Are you suggesting that people of faith, with the right leadership, could leverage domestic energy and related natural resources in order to increase freedom? Because that sounds like a good line to be on.
On the other hand you might be a bit tipsy given your unusual (for you) writing style this fine Tuesday.
All the best,
JiM
@Jim
Yeah you beat me to a little re - editing....................
I always try to explain what a deeply absurd place Ireland truely is given its long history as a hinterland for financial capitals extraction operations
However there is a hint of Agrarian Rebellion up near Cavan county.
But as usual they are lead by compromised or stupid people.
A certain class of people just bright enough to figure out whats going on farm the rest of the retards but in truth they are not much brighter.
The one bit of magic about this period is that it has exposed the true power base in this country based up in Dublin castle for all with eyes that can see.
Dublin was always a foregin country to most Irish people - its a old slave trading town while Cork is a very Free mason town not all bad mind you with a more French mason rather then scottish outlook.
People are even questioning the old republican dogma now - it was just another banking con job in my opinion.
We had our own little 9/11 moment don't you know ?
The 4 courts fire - where 1000 years of documents went up in smoke.
en.wikipedia.org/wiki/Four_Courts
PS
I will try it this again
“I am one of those who from experience has learned that consideration of foreign interests has been forced upon us by neglect of our domestic resources: and I believe that overgrown taxation for the support of idlers and the unrestricted gambling speculations upon labour, applied to an undefined and unstable system of production without regard to demand, is the great evil under which manual labourers are suffering”
The Whiteboy & later Rockite Irish movements new how hopeless their position was –
They were both anti Ascendancy and anti Catholic church in their outlook so had few friends.
Given that they knew what a rotten place the world was as their homeland was a hinterland for the financial interests extraction operations they could not honestly believe in anything or anyone.
Thus they lacked focus.
Therefore they were much like the occupy movement today……….rudderless.
People of faith on the other hand can achieve much – however they can be easily led up the garden path.
The unique properties of energy goods be it corn or oil make them special topics of discussion as their consumption or lack of changes all things.
Talk of free trade vs internal trade thus orbits around the question of “growth” or redundancy from very powerful goods that can change pretty much your entire physical environment.
But distant vital goods such as this can easily fall withen hidden monopolistic control …….this is surely better then domestic monopolistic forces which must at least work withen domestic energy & political systems.
Dork you will have to forgive people for not having a feckin clue what you are talking about, this much is true.
I get that a lot..........................................
the civil war has been in full swing just a cold war ..for americans you need to look at UE and standard of living declines to see the body count...at some point it might get hot, what is needed is for a few states to say screw you to DC..then hot it gets.
I'm prepared to happily go about my business no matter who wins, not giving the outcome a second thought.
My wife, on the other hand, is threatening to kill me if obama wins, and then go on a murderous rampage until she is sucided by cop.
I'll clean all the weapons this morning, then make sure they are locked in the gun safe before results are announced.
It's good to be ready for all outcomes.
"My wife, on the other hand, is threatening to kill me if obama wins, and then go on a murderous rampage until she is sucided by cop."
Clue her in. She's screwed either way.
Six months ago we had this discussion once a week. A month ago we started having the discussion every day. A week ago we started having this discussion six times a day. We had this discussion for eight hours last night when I was supposed to be sleeping.
She's kinda obstinate sometimes.
Hey Toady. Ask her for a blow job. It should shut her up one way or the other:)
Back when we started dating I was always after her for a blowjob and she always said 'I shouldn't' and 'you'll lose respect for me'
So when I finally get her to do it the phone rings. I answered, and it was for her. I handed her the phone and said 'it's for you cocksucker'.
6 billion dollars, 18 months of constant media blatherings and all we have to show for is:
http://www.youtube.com/watch?v=2_-Ue0LhVsI&feature=related
Makes me laugh and goes to show how most people are simply blithering idiots when it comes to the political game. They listen to BS propaganda, vote and rarely look for actual results from their "savior" after the election is over beyond what's in their wallet. The great savior Obama continues the police state path that Bush II accelerated, but few notice or care... until it's far too late. Both parties are fully owned by the financial sector which screws all of us to the tune of TRILLIONS of dollars and that's NOT EVEN MENTIONED AS THE MAJOR TOPIC DURING THE ENTIRE CAMPAIGN BY ANY OF THE MAINSTREAM CANDIDATES.
A pure BS game that most people are too f'ing stupid to see.
the vote is already "polarised" ...voting blocks don't budge, it's the 5% of swing voters that decide elections, not the already polarised die-hards
"..long lines at polling places..."
that'll be Govt then, they love ques and waisting everyones time, forever unable to meet demand efficiently
the MSM are going to falsely misrepresent the ques as the 'popular vote' and not what it is, Govt ineptness at handling tanking voter numbers
"Pray its not close – for the country's sake."
You're f'n kidding?
Govt grinds-on election or no election, 98% of its policies are not even on party manifestos meanwhile economic policy is decided outside both Senate and CONgress by a private cartel called the Fed backing losers (WS bwankers) with all the chips on the economic table
voters are as relevant to this corrupt process as dizzy birds in a holding pen at a chicken pie factory clucking about which way they're going to get plucked
When did Art become such a pussy? Maybe we need more polarization for some shit to change. Are they pumping estrogen onto the trading floor? And I hope he doesn't mean to pray to a celestial being to actually guide votes a certain way. That's not what he is asking us to do right?
"Maybe we need more polarization for some shit to change."
Yeah, but the polarization has to be about important issues like the complete ownership of "our" government by the financial sector and its progression into a police state, not the BS they use to manipulate the faithful off their stupid asses to perpetually vote for the microscopically "lesser of two evils" based upon far less important issues.
Won't Obama get at least 95% of the black vote? Nah, not much polarization there. Walking to the commuter rail here to go to my mostly white suburbia, there was a drunk on his ass black guy staggering around near the station warning us all that be better vote for Obama while dishing out crap about Bush and Reagan. Yeah, that makes me want to go pull the Obama lever alright. The country is FUBAR'd and don't really know what the solution is, but it ain't electing either of the fucktards we have currently.
Lets just get this over with. We are all sick of the election. Lets just move on. Makes no difference who is in. They are screwed either by the house or the senate.
I disagree with the basic premise of article. This article is implying that "it is best for the country" if our new slave master is chosen decisively. I completely disagree. I hope it is a tie. I hope there is controversy about voting laws and practices. I hope neither one of these pricks has a clear mandate. Yes, it will be more painful in the short term, but nothing will change if the status quo is continued.
Instead of a recount, let the two candidates duel.
With luck, maybe both will lose!
Yeah, i think he was hoping for a way to avoid the fiscal cliff.
Both candidates could be arrested on the spot for various white collar crimes (and treason in the case of the Golfer-in-Chief) if the good guys in the military decide to end the shitshow and enforce the law of the land... http://tinyurl.com/cd5cyjo/
Tossing something out there,
With the bankers owning both sides and earning massive profits from war, chaos and destruction... might it not be the plan to have a close election that splits the country into something that could degenerate into civil war. Bankers are playing both sides of course, so they win either way. Profit up at defense contractors and a complete re-write of American society. Kind of like Mao's Cultural Revolution. Would allow them to scrap the constitution for good and integrate a devided U.S. into a new... whatever.
Always fade the banker calls right? Well, this banker (Cashin) has been saying how the banks don't want a close election...
Maybe I have just been reading too much of this shit.
"Bankers are playing both sides of course, so they win either way."
No "plan" other than that. The only "conspiracy" is the effect of the common interests of those with extreme wealth, not something originating from a bunch of sinister guys sitting around a shiny black table smoking fat cigars and planning a civil war.
Our votes don't count, the Electoral College's vote counts. I'll still cast a ballot but I'm under no illusion that it makes that all important difference to the result. Until the money is bled from the system we won't get jack shit from anyone on anything except in the case of actual disasters - see the governors from the NE etc.
It ain't gonna be close... O will reach 216 by 10 PM EDT (does any one think CA is going red??)
It don't matter one way or the other, but I do find the Repubs to be more repugnant based on their wholesale acceptance of superstition....
Now that's funny.
"Hey lady...
Wanna see my hanging chads?"
I just checked my samizdat version of the double-secret probation COG constitution. I says "in the event of a tie, the previous incumbent is sworn in." And the wisdom is obvious: better the totally over the top satanic devil we know really, really well than some other run-of-the-mill devil.
I can not help but marvel, with a healthy amount of disdain and disgust, at what a circus freak sideshow politics in America has become. the run up to this election has been one very long episode of jersey shore, lacking any sort of dignity or substance. and that any American can still take either of these two mccandidates (tm) or their parties seriously is a perfect example of just how far down the wrong road we have traveled.
but we have to take them seriously for no other reason than the damage they both have done and will continue to do, regardless of today's outcome.
when was the last time Washington DC and those public trough feeding parasites that inhabit it did anything other than increase our debt, steal our wealth, further ruin our economic future, destroy the constitution, assault our dignity, freedom and individualism and fill body-bags?
and all of it has absolutely been 100% bipartisan.
I will not vote today, I will not choose the "lesser of two evils".
cause there isn't one. the only thing I will use my voice for today is to say...
Romney -Obama 2012?
fuck you both.
Not voting cause there is really no choice!
Sooo....did I understand this correctly. Art never mentions "who" wins, or that it matters who wins...but only that the "populace doesn't get further polarized"!!! I have a news flash for Art. The population is ALREADY polarized......(not to mention mostly brain dead). I've take more grief from neighbors because I encouraged them to vote Libertarian....or for ANYONE other than established politicians. These folks are "polarized" already....because emotional social nonsensical issues have a way of doing that.
I say let them both win. Put two desks in the oval office and wrap a cage around it, see who wants it more. Even better, they both fight in their underwear to the death. Romney will probably grab that candleabra thingy, Obama will grab the bust of Winston Churchill...oh, wait, where in the fuck is Winnie?!!
Otherwise the sheeple will riot and then the scumbag in power will take even more rights away.
Anyone "jonesing" for 'W' about now?
He was good for PMs.
"Bring Back Bush" would work for me if "W" wasn't part of the American Nazi clan that murdered JFK, co-opted the Presidency, and waged countless wars at home and abroad.
http://www.amazon.com/Legacy-Gearge-Walker-Herbert-Kennedy/dp/B002Q79WMM
Oh, like you're sinless, Mr. Southern-Battle-Flag-Guy.
LOL. /sarc
Remember what Obama's cousin Odinga did in Kenya??
http://www.thegatewaypundit.com/2011/04/obamas-cousin-odinga-clears-way-...
While visiting Kenya as a guest of the government Obama campaigned for socialist Raila Odinga, who claims he is Obama’s cousin.
Violence erupted in Kenya after President Mwai Kibaki was declared winner of the December 2007 vote that supporters of the leading opposition candidate Raila Odinga said was rigged.
Postelection clashes erupted between tribes that supported Kibaki, a Kikuyu, and those that supported Odinga, a Luo. Fighting stopped after former U.N. Secretary-General Kofi Annan mediated an agreement that made Odinga prime minister.
Several parliamentarians said Odinga is supporting the ICC process to ensure Ruto and Uhuru are jailed during the 2012 presidential race, clearing Odinga’s path to the presidency.
Obama could do like his cousin... if he doesn't win... claim fraud, stir the riots and the violence till he gets into power.
Especially if several states can't project a winner for days or weeks. The Ohio thing described above sounds like a custerfuck waiting to happen.
Hope : Eyes open
Pray : Eyes closed
give an UP vote if you voted for Gary Johnson
give an UP vote if you voted for Gary Johnson
o will take an early lead but once republians get off from their jobs r will come through to win
Au contraire, I wish the process to be as divisive as possible. The sooner a majority of people become disillusioned with the failed state, the sooner we can heal as a culture.
Oh how appropriate. The tornado sirens are tested on the first Tuesday of each month at 11:30AM, barring existing weather.
My take on this is that anybody that raises his hand and says I want that job should be automatically disqualified. This should be done by draft.
"For the countrys sake"lol
F' it! Split this muther F'ucking country down the middle with barbed wire fence and guard posts with bazookas. Libs can have their greek paradise and cons get thier founding principals...Problem solved.
Why not hope it is close and get whatever pent up hostilities are there out of your system. Thwen admit differences and become the somewhat united States of Amwerica. Or you could let the Fed own you.
If Obama barely wins how am I going to tell the difference in the right wing rage, they been doing it daily since Jan. 20th 08'. Wingers crack me up.
You can tell when they apoplectically swallow their chew....