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Are You Better Off Than You Were Four Years Ago?

Tyler Durden's picture




 

The phrase "Are You Better Off Than You Were Four Years Ago?" and "It’s the Economy, Stupid" have become standards of American election discourse in recent decades. And seemingly for good reason. Although it is rare to unseat an incumbent, poor economic performance seems to play a role. We are less than four months away from the US Presidential election. Financial and economic developments have caused surprise political outcomes around the world from time to time.  UBS took a look back at the first terms of the nine presidents that preceded President Obama to determine if the performance of economic variables had any predictive power in determining the odds of re-election for a second term. The news is not good, from GDP growth to real disposable income, and from unemployment to the Misery Index, it seems the bailer-out-in-chief may just have an uphill battle.

 

The data suggest that economic growth plays a role in a candidate’s ability to win a second term. Real GDP grew slower under George HW Bush than all the other nine presidents, followed by his son, followed by Ford (when comparing compound annual growth rates). Real disposable personal income was even more definitive, growing at the slowest pace under the three presidents who were unseated (George HW Bush, followed by Ford, followed by Carter). With one more quarter left to be reported before the election, under Obama’s first term as president, real GDP is running slower than any of his predecessors, expecting only George HW Bush, and real disposable personal income is the slowest of any of his predecessors since 1953, running at 1.5% and 0.7%, respectively.

Unemployment also rose over Ford’s and George HW Bush’s presidencies by more than any of the others, and ticked up some under Carter’s.

 

Inflation has been relatively tame under Obama, but the misery index has risen. However, the misery index rose in 6 of the last 9 presidencies.

 

Critically though - given our recent chart on Obama Odds vs the S&P - Financial markets are less definitive in predicting the presidential outcome. Of the three candidates that were unseated after their first term, only Ford saw a decline in the S&P over his tenure.

 

Source: UBS

 

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Fri, 08/10/2012 - 13:57 | 2694671 CaptFufflePants
CaptFufflePants's picture

It doesn't matter who wins this election since both candidates hold the exact same view on every important topic.

This is the most inconsequential election since the 1950's

Fri, 08/10/2012 - 13:59 | 2694680 camaro68ss
camaro68ss's picture

Im just going to close my eyes, plug my ears, and yell O-ba-ma. Maybe if i say it over and over again things will get better.

O-ba-ma, O-ba-ma, O-ba-ma

 

Hows that hope and change doing for you?

Fri, 08/10/2012 - 14:35 | 2694810 Precious
Precious's picture

Obama deserves first hand experience with the unemployment office.  

Romney will be the first Latter Day Saint Zionist president.

Fri, 08/10/2012 - 15:07 | 2694865 engineertheeconomy
engineertheeconomy's picture

The pretend election is not real at all, everything is staged using props and actors. Besides, the POTUS is only a Hologram used to distract the masses from the real Master of the Universe, our lovely Chair Satan Ben Shalom Bernanke

 

 Socialism for the Rich is the only fair and equitalble form of government

All others shut the fuck up and resume your slavehood with "positivity"

Fri, 08/10/2012 - 16:51 | 2695309 SheepRevolution
SheepRevolution's picture

Well, Ben Bernanke isn't really the Master either. The banks who own the Federal Reserve are the masters. Those who created the Fed understood that if you want to create a succesful dictatorship, you can't put the power in one (or very few) individuals. Rather, you need to create a dictatorship where no one person is the dictator, but  the whole political and financial system itself is the dictator if it is to survive.

Everyone knew Adolf Hitler was the dictator. He fell.

Everyone knew Josef Stalin was the dictator. He fell.

Everyone knew Ludvig XVI was the dictator. He fell.

Very few today know that the system as a whole is the dictator. The dictator survives.

Fri, 08/10/2012 - 18:37 | 2695628 Harbanger
Harbanger's picture

So who created the Fed?  The Progressive Hero, Woodrow Wilson.

Fri, 08/10/2012 - 15:19 | 2694982 Harbanger
Harbanger's picture

Obama or Romney? Hmm...Who is less likely to confiscate and re-distribute your PM's after the crash. 

Fri, 08/10/2012 - 20:43 | 2695865 Bindar Dundat
Bindar Dundat's picture

The ballet question will be:  Who do we/you want managing the turmoil for the next four years?

 

 

Fri, 08/10/2012 - 15:41 | 2695066 larz
larz's picture

Yippeee

Fri, 08/10/2012 - 14:00 | 2694692 RacerX
RacerX's picture

I'm not so sure about that they are the same. One is for Socialism/Cronyism. The other would be for Corporatism/Cronyism.

I think you're point that "we're fucked regardless" is well taken though. Although I can't say the Socialism has worked out so well for us so far.

Fri, 08/10/2012 - 14:04 | 2694710 CaptFufflePants
CaptFufflePants's picture

They are both Corporatist. Calling Obama or any president in the last 40 years a Socialist makes you look like a whack job.

 

 

Fri, 08/10/2012 - 14:16 | 2694755 bagehot99
bagehot99's picture

I don't think calling him a fascist is unreasonable. He has aligned the large, unaccountable, welfare-corporations with government (think GE, as an example), at the expense of small businesses and individuals that he hates because he can't control them. He's philosophically unsympathetic to principles of limited government and th primacy of free market capitalism.

Romney is more entrepreneurial in mindset, having worked as a turnaround specialist. I agree he's likely to continue major monetary and fiscal decision-making in the same vein as Obama.

A key difference is what type of people will occupy the cabinet, and the executive branch. He won't, for example, put known communists in Czar positions, as this President has done.

His heart is probably 45% in the right place, whereas Obama's is about 3%.

Fri, 08/10/2012 - 14:37 | 2694841 Whatta
Whatta's picture

aw hell, I call the zerO a fascist all the time, cuz, well, he is!

if we have to have one of the two as our next elrected leaders, I'd have to go Romney Dangerfield, but damn...talk about not having much of a selection to pick from. Its like going to the meat market at close...there is a gray piece of steak, or a chicken leg with flies on it.

Fri, 08/10/2012 - 16:58 | 2695341 GetZeeGold
GetZeeGold's picture

 

 

If you don't think the election is gonna change anything then let the other guy have a go at it.....at least you can yell at a new face.

 

I can't stand four more years of Obama's hard S'es and that studdering I, III, II, IIII......III II.....

Sun, 08/12/2012 - 18:14 | 2695681 TWSceptic
TWSceptic's picture

Socialist, corporatist, fascist, ... ?

 

All of the above. Welcome to the US.

Fri, 08/10/2012 - 14:12 | 2694746 SheepRevolution
SheepRevolution's picture

One is for fascism. The other is also for fascism.

There. That's all you need to know.

Fri, 08/10/2012 - 14:23 | 2694782 Ruffcut
Ruffcut's picture

I think it is more like farcism, fraudism and denialism.

Fri, 08/10/2012 - 14:36 | 2694835 1100-TACTICAL-12
1100-TACTICAL-12's picture

Civil War this way comes regardless. Too many Takers squeezing the makers. When the Union Pensions go bust the right to work states will have no part in bailing their sorry asses out.

Fri, 08/10/2012 - 14:46 | 2694868 Beam Me Up Scotty
Beam Me Up Scotty's picture

Since liberals dont believe in the 2nd amendment, the war shouldnt last long.  Oh, thats right, I forgot.  The Rosie O'Donnells of the world hate guns, but live in gated communities with guards WHO HAVE GUNS!! 

Fri, 08/10/2012 - 17:40 | 2695467 HungrySeagull
HungrySeagull's picture

There are still ways into gated communities, just ask the people who built the place.

Fri, 08/10/2012 - 14:46 | 2694871 ONO47
ONO47's picture

What do you mean "not worked out"? He has worked out, golfed, European vacationed.... Oh, I missed the for us part. Never mind.

Fri, 08/10/2012 - 17:41 | 2695470 HungrySeagull
HungrySeagull's picture

And once took a fat 747 to a date night in NYC, probably totally disrupting and destroying any hope FAA may have had of a orderly approach/departure patterns.

Fri, 08/10/2012 - 14:52 | 2694886 Winston Churchill
Winston Churchill's picture

The choice is stark.

Collapse in 2013 vs. collapse in 2014.

Take your pick.

I may just vote Obummer  to get it over with.

No,another 12 months stacking would be better.

Fri, 08/10/2012 - 14:13 | 2694748 Ironmaan
Ironmaan's picture

Correct...it doesnt matter. The socialists have won. We now have 100 million people or 1/3 of the population on some form of federal assistance. No politician would dare anger the parasites. The only way for things to change is for Atlas to shrug and watch all hell break loose.

Fri, 08/10/2012 - 14:27 | 2694796 Rainman
Rainman's picture

Only 14% of Americans believe their children will be better off than their parents are now . A new all time low .

http://www.rasmussenreports.com/public_content/business/jobs_employment/july_2012/new_low_just_14_think_today_s_children_will_be_better_off_than_their_parents

Fri, 08/10/2012 - 15:17 | 2694974 razorthin
razorthin's picture

My parents never needed a mortgage nor a loan to pay for anything else.  Nuff said.

Fri, 08/10/2012 - 17:22 | 2695414 SwimmininNawlins
SwimmininNawlins's picture

If I tried to build my own like my Grandfather did, the government would condemn it because of not filing the right paperwork or having right permits to do it

Fri, 08/10/2012 - 14:40 | 2694851 Precious
Precious's picture

The first step is for a majority to refuse to insure for medical.  

Takes some courage.  But a real act of defiance.  Like being prepared to die for your country. 

Truely liberating.  Truely emancipating.  

Fri, 08/10/2012 - 14:58 | 2694905 Ironmaan
Ironmaan's picture

Its going to take a change in our collective mind set. People have got to stop expecting Uncle Sam to take care of them. Unearned money from the government is welfare. That includes social security when after 4yrs on average you have collected evey dime you paid in. But i digress. People who provide no value and receive check from the govt; corporations who recieve subsidies or any entity taking cash from govt is receiving welfare. It should ALL stop. Every dime provided to some schlub is taken from a hard working individual be it directly through taxes or insidiously stolen by the Feds debasing of our currency. 

Fri, 08/10/2012 - 15:05 | 2694927 Precious
Precious's picture

In the end, it may not matter and we may not even care about health insurance.

The quality of care by current medical graduates is probably less than what a determined person can self-learn about their trouble.  

First step anyway is to stay lean.  That solves 90% of health problems. 

Fri, 08/10/2012 - 16:32 | 2695253 buckethead
buckethead's picture

Brush and floss. Don't forget to brush and floss.

Fri, 08/10/2012 - 17:41 | 2695475 HungrySeagull
HungrySeagull's picture

We have toothpicks for that.

 

And dental hygenist for the rest.

Fri, 08/10/2012 - 22:36 | 2696150 rambo1028
rambo1028's picture

Totally agree! I am a nurse. 80% of doctors are a friggin joke. When anyone in my family goes into the hospital, I go and visit frequently to keep an eye on things. Take it from someone who knows, they call it "practicing" medicine for a reason. 80% are 3rd string at best.

Fri, 08/10/2012 - 20:29 | 2695841 Disenchanted
Disenchanted's picture

 

 

"That includes social security when after 4yrs on average you have collected evey dime you paid in."

 

Bullshit! And I bet you're not even counting the money your employers paid in matching the amounts you paid. That could have been higher wages, better benefits, etc. for your fine self.

 

I figure that right now @ 53 years of age I and my employers have paid in around 200 grand on my behalf...There's no way in hell I'm getting that back in 4 years, even at today's rate of SS payments which are tied to bogus CPI numbers. Not to mention the age of retirement to get your full 'benefit' keeps creeping up.

So lets keep this straight, we are talking about money I paid in from my income earning years, money that was taxed. Now you and your fuckwit friends in Congress want to call me getting my money back a "benefit." I'm sorry those fucking assholes sold us down the river, blew the SS money on Imperial militarism, their cronies in the MIC, 'aid' to foreign countries from here to Timbuktoo(most who will happily stab us in the back at every opportunity), nice separate cushy little retirement and health care plans for themselves and all their Federal bureaucrat friends. Trillion$ of handouts(bailouts and subsidies) to banksters and corporations. Plus all the other trillion$ of waste I can't think of now.

But fuck you if you think that I will ever be cowed into thinking that Social Security failing is my fault, or that I am greedy and "entitled" for expecting the return of at least some of the money I've paid in for almost 40 years now...while I followed the rules originally set by the institution of the US Congress. Fuck you, anyone else with the same thought process, and the horses you cracker heads rode in on.

 

 

Fri, 08/10/2012 - 14:52 | 2694888 surf0766
surf0766's picture

The socialists will never win !

Fri, 08/10/2012 - 15:03 | 2694923 engineertheeconomy
engineertheeconomy's picture

@Ironmaan - the other 2/3 are government employees...

Fri, 08/10/2012 - 15:08 | 2694943 Ironmaan
Ironmaan's picture

And... they make twice as much as someone in the private sector doing a similar job. 

Fri, 08/10/2012 - 14:23 | 2694764 Shizzmoney
Shizzmoney's picture

It doesn't matter who wins this election since both candidates hold the exact same view on every important topic.

This is the most inconsequential election since the 1950's

The people who downvote this crucial and honest point, are honestly, part of the problem.

The question is: are you better off than you were 8 years ago? 12? 16? 30?

TBH, I think Americans have been living in an unsustainable dreamland for 30 years (as evidence by the wage graphs that we have seen as stagnant), built on a mountain of fraudulent debt, violence, and outright lies.

This *IS* the most inconsequential election in years.  Nothing is going to change.  I've been saying this since I was a 18 year old during the 2000 election, when this very attractive girl retorted my reasoning that, "Neither asshole cares about me or my family".  Her response: "Wouldn't you at least say you voted for the least of the two assholes (Gore - she was an uber liberal)?"

12 years later, god does it feel good to be fuckin' right!

Fri, 08/10/2012 - 15:30 | 2695023 Seer
Seer's picture

"12 years later, god does it feel good to be fuckin' right!"

Or... sometimes ignorance is bliss?

It's a bit of a burden carrying around the weight of knowing what's really going on.  One acts more diligently, consuming the present in order to have some future.  Those who tend for more of the present lose some of the future.  I tend to think that it all nets out.  BUT, I'd rather not have a fucked up future AND be old, so I've opted to steer away from the "partying lifestyle."

I tell people that I'm NOT responsible for ANY asshole.  It is, after all, The SYSTEM! (and I don't endorse it through casting a vote of approval)

Fri, 08/10/2012 - 14:43 | 2694864 vast-dom
vast-dom's picture

And SP is ABOVE 1400. What misery when Hopium springs eternal?¿?

Fri, 08/10/2012 - 14:48 | 2694876 slaughterer
slaughterer's picture

Am I better off now  than 4 years ago?  Of course not, I like to short stawks. 

 

Fri, 08/10/2012 - 18:54 | 2695663 q99x2
q99x2's picture

Independent Gary Johnson Everybody lets fuck them.

Fri, 08/10/2012 - 14:03 | 2694675 ZerOhead
ZerOhead's picture

My psychologist would say probably not but then again he's been taking an ugly beating on FaceBook lately...

Fri, 08/10/2012 - 14:00 | 2694687 govttrader
govttrader's picture

is the S&P VWAP algo more profitable than it was 4 years ago?  THAT is the question

http://govttrader.blogspot.com/

Fri, 08/10/2012 - 14:02 | 2694695 francis_sawyer
francis_sawyer's picture

Don't ask me... Ask Peggy Joseph...

Fri, 08/10/2012 - 14:01 | 2694697 chet
chet's picture

He would have a very tough time winning reelection against almost any viable opponent.  But he will beat Romney.

Fri, 08/10/2012 - 14:11 | 2694731 ZerOhead
ZerOhead's picture

Could be a nail-biter Chet.

Romney/Trump 2012 is polling well these days...

Fri, 08/10/2012 - 14:12 | 2694744 chet
chet's picture

That would at least be entertaining.

Fri, 08/10/2012 - 14:42 | 2694862 johnQpublic
johnQpublic's picture

it'll still only be a choice between a douchebag and a shit sandwich

thats why i'm ....oh never mind

Fri, 08/10/2012 - 19:26 | 2695730 Anusocracy
Anusocracy's picture

A choice between a shit sandwich and a toasted shit sandwich.

Fri, 08/10/2012 - 14:02 | 2694698 ArrestBobRubin
ArrestBobRubin's picture

Thing is, 4 years from now today will be The Good Old Days.

So many wonderful things coming our way, including 30,000 drones. You know, for our safety and stuff.

Fri, 08/10/2012 - 18:12 | 2695567 ZeroAvatar
ZeroAvatar's picture

And the children, don't forget the children.

Sat, 08/11/2012 - 09:38 | 2696890 TheFourthStooge-ing
TheFourthStooge-ing's picture

.

And the children, don't forget the children.

But of course, we can never forget The Cheeeeeldren®, the best all-purpose tools in the past fifty years of American politics. They are the perfect prybars, providing enough leverage to force even the most preposterous proposals into legislative reality.

Too bad for them that on the day they turn 18, their value as pawns vaporizes and they become meat for the machine. It's truly a shame that the no sharp edges, knee pads and safety helmets, nail files are a weapon, zero tolerance because even aspirin is a dangerous street drug, foam rubber padded environment imposed upon them has left them woefully unprepared for the "adult" world into which they've been ejected.

The childhood experiences of skinned knees, banged elbows, cut fingers, fistfights, hurt feelings, and failure provide useful learning opportunities. Robbing them of this education only serves to produce a nation of infantilized "adults".

Fri, 08/10/2012 - 14:02 | 2694701 HANKREARDON
HANKREARDON's picture

Just as there was no big difference between BushII and Obama.... Mitt and Obama are no different. 

'We are all [Keynsian] socialists now'

 

Today's politicians are forced to cater to the entitled.

Fri, 08/10/2012 - 14:09 | 2694735 Seer
Seer's picture

Yeah, last I looked "socialism" is ALL about bailing out businesses and corporations (not)!

When will people stop tossing around these stupid, meaningless, derisive (used by TPTB to keep us utterly confused) terms?

Fri, 08/10/2012 - 14:34 | 2694831 Totentänzerlied
Totentänzerlied's picture

The reality of socialism and the propaganda are two completely separate things. The propaganda version doesn't exist and never will, it is an intentional distraction from the reality of the modern state. In a fascist economy like our own, corporations are quasi-governmental agencies, in fact analogous to the state-owned concerns of communist economies. The rhetoric and the aesthetics are the only substantial differences.

It is all united under the heading of statist socialism. The terms are neither stupid nor meaningless, they are derisive because they are inconvenient to the status quo. No one outside the political classes, left, right, or center, ever wants to admit to living in a socialist country. The working classes will tell you it's not socialist because they're still not princes, the middle class will tell you it's not socialism because they want to believe their wealth is their own, the academics will tell you it's not socialism because it doesn't satisfy all of the stringent technical requirements to their satisfaction. The existence of the elite - who will gladly explain to you just how socialist everything is - testifies to the absurdity of the entire thing, because they are for once telling the truth.

The fantasies of Alinskyite college students wearing Che t-shirts are not any socialism that has existed or ever will.

When will people learn the difference between the historical meaning of a word and the propaganda-fantasy meaning.

Fri, 08/10/2012 - 15:22 | 2694996 defencev
defencev's picture

The working classes will tell you it's not socialist because they're still not princes

You, motherfucker, have no idea what "real socialism" mean. I lived in real socialist state for 35 years and I know what I am talking about. You are the bunch of fucking idiots and you fully deserve what is coming with second Obama term...

I will leave the country if he is reelected.

Fri, 08/10/2012 - 15:35 | 2695040 Seer
Seer's picture

I'll repeat it: It's ALL a distraction.

I'm an anarchist I suppose.  No statist am I ("socialist" OR "fascist" based). (and no government is going to keep from ending up this way, contrary to what all the propagandist/ideologist would like for us to believe)

But thanks for playing!

Fri, 08/10/2012 - 19:07 | 2695691 TWSceptic
TWSceptic's picture

"Yeah, last I looked "socialism" is ALL about bailing out businesses and corporations (not)!"

 

Actually these days it is. Talk to any modern day socialist, he will agree. It's because most socialist economists are keynesians, and so it follows their politicial colleges follow the same principles.

 

BTW corporatism and fascism are both of the same family as socialism: collectivism. The apple doesn't fall...

Fri, 08/10/2012 - 14:02 | 2694702 Cognitive Dissonance
Cognitive Dissonance's picture

That's a trick question.........right?

Hello? Is anyone in this thingy?

Fri, 08/10/2012 - 15:04 | 2694929 slewie the pi-rat
slewie the pi-rat's picture

hey C_D!

when i first saw the headline on the mainPage i saw:

Are You Better Off Than You Were Four Years Algo?

after grokking the shallowness of the hit piece, er,... article and the comments, i prefer my hallucination

as usual, i might add...

Fri, 08/10/2012 - 14:04 | 2694703 A Lunatic
A Lunatic's picture

Hell yes I'm better off because now I'm wide awake, and like that fifty dollar Wall-Mart tent once opened, I ain't gonna go back in the fucking box bitchez............

Fri, 08/10/2012 - 14:17 | 2694759 ArrestBobRubin
ArrestBobRubin's picture

Welcome aboard mate, great to have you.

Fri, 08/10/2012 - 14:04 | 2694707 america4me2
america4me2's picture

Personally, I am LIGHT YEARS BETTER than four years ago.  Why?  Simple.  I LISTENED to Ted Butler, Jason Hommel, and others and I bought all the PHYSICAL SILVER I could get my hands on.  I implore you to take the opportunity NOW to do the same.  Soon, you will be VERY happy you did!

Fri, 08/10/2012 - 14:04 | 2694709 krispkritter
krispkritter's picture

If you count finding ZH and expanding my understanding of markets, money, politics, and that there actually is intelligent life on the Internet embodied in a host of fight club members, then yes...

Fri, 08/10/2012 - 14:08 | 2694711 LMAOLORI
LMAOLORI's picture

 

 

 

I disagree about inflation being tame have you gone to the grocery store?  Not only have the prices increased but the portions have been downsized and then there is Gas, Electric's gone up, etc.

 

Further with ZERO prosecutions and repeated printing the MYSERY Index can only get worse.

 

Financial Fraud Conviction Scorecard

 

 

Fri, 08/10/2012 - 14:26 | 2694792 Shizzmoney
Shizzmoney's picture

Right.  Inflation for shit we don't need, like cars, housewares, iPads, computers, TVs...that hasn't happened (because the price is actually linked to demand).

But for shit we DO need: Healthcare, Food, College Education, and even Guns/Ammo.......inflation has gone through the ROOF.

Sat, 08/11/2012 - 21:44 | 2698105 Zero Debt
Zero Debt's picture

True that. Price inflation should be categorized accordingly (discretionary / non-discretionary)

Fri, 08/10/2012 - 14:04 | 2694713 Dagny Taggart
Dagny Taggart's picture

I am only better off now because I stack physical.

Fri, 08/10/2012 - 15:09 | 2694948 ParkAveFlasher
ParkAveFlasher's picture

.

Fri, 08/10/2012 - 15:29 | 2695022 Monedas
Monedas's picture

There's this girl over at TFMR that is a lot like you in so many ways .... except her name is Dagney ?

Fri, 08/10/2012 - 15:50 | 2695086 Dagny Taggart
Dagny Taggart's picture

I noticed as well and she makes a lot of good points. I am at TFMR under the same spelling and avatar I use here.

 

http://www.tfmetalsreport.com/comment/29482#comment-29482

Fri, 08/10/2012 - 14:05 | 2694716 YesWeKahn
YesWeKahn's picture

Hey, nonetheless Obama got SP to recover alsot 100%. Of course, the real inflation is far more than that. But who cares, the Bernanke liar still says that there is deflation. Bernank the facking idiot.

Fri, 08/10/2012 - 14:06 | 2694721 Yellowhoard
Yellowhoard's picture

I will continue to live my life vicariously by living through the spectacular vacations taken by the first family.

And, I will continue to profit financially by betting on gold and silver as a put on responsible governance.

Thank you America for our first affirmative action president!

Fri, 08/10/2012 - 14:10 | 2694736 america4me2
america4me2's picture

Keep stacking that gold and silver!

Fri, 08/10/2012 - 14:36 | 2694834 bobnoxy
bobnoxy's picture

''Affirmative action president''? What do you mean by that?

Fri, 08/10/2012 - 16:09 | 2695158 Yellowhoard
Yellowhoard's picture

What do I mean by that?

What do you mean by that?

Are you implying that those people who advance by affirmative action are somehow less qualified or deserving than everyone else?

I find your response to my comment to be racist and mean spirited and I think that you owe me and the President Of The United States a sincere apology.

Fri, 08/10/2012 - 17:07 | 2695374 bobnoxy
bobnoxy's picture

Oh, okay then. I thought you were going to feed me that typical racist horseshit about how any black person can just walk into Harvard and say, ''Okay, here I am, ready for my free ride. I'll tell you which courses I'll be getting aces in, and since this is a free ride, if you need me, I'll be in my dorm room wearing out my bong and a couple of your finest cheerleaders.

''I, of course, expect to graduate in the top 10% of my class, so put your best people on doing my course work. It is, after all, a free ride all the way through and I don't really have to earn anything.

''From there, a free pass into the state Senate, and then a free pass into the White House too''.

You know, that usual Redneck, asinine nonsense about what affirmative action is, and is not.That is what you had in mind, right?

Of course, you could se how easy it is by getting your kid into Harvard and seeing how long he lasts. I'm guessing he'd get someting way less than Obie did as to grades.

The thing is, I don't even like the guy. But I'm sure I'd like you a lot less. Just too fucking stupid.

 

Fri, 08/10/2012 - 17:51 | 2695501 Overfed
Overfed's picture

We'll never know what kind of grades O'bomb-a got in school because his transcripts are a national security secret.

And BTW, affirmative action is bullshit.

Fri, 08/10/2012 - 18:23 | 2695597 ZeroAvatar
ZeroAvatar's picture

I feel sorry for Romney.  It will literally take YEARS to air the stench out of the White House.

Fri, 08/10/2012 - 22:18 | 2696111 Vendetta
Vendetta's picture

He will fill it with the same stench.

Fri, 08/10/2012 - 18:44 | 2695640 Yellowhoard
Yellowhoard's picture

Golly! Why all the hatin?

Tell you what, I'll provide my daughter's college transcripts and you provide the President's transcripts, they shouldn't be hard to find since all presidents have made them available to the public, and I'll bet you a steak dinner that my daughter scored higher on SAT's, ACT's, and GPA than the president.

BTW, so which is it? Are you saying that Affirmative Action is awesome and something that we should be proud of?

Or, are you saying that I'm being mean pointing out that, by his own admission, an average student that got high a lot somehow made it into Harvard Law School, probably through affirmative action?

I'm lost here but I hope we can be friends.

Fri, 08/10/2012 - 18:13 | 2695568 Zap Powerz
Zap Powerz's picture

+1 for the well laid trap.

Fri, 08/10/2012 - 14:06 | 2694722 General Decline
General Decline's picture

Micheal Medved the Jewish Neo con talk show host used to use that question to shut down critics of GW Bush back in the early 2000's. At that time, people could rarely answer "no" thus justifying GW's war mongering and debt spending. Well now the answer to that question is quite different these days. I can't stand to listen to that guy anymore but I'm guessing he doesn't use that as justification for war and debt any more. What a lying neocon, zionist POS.

Fri, 08/10/2012 - 14:12 | 2694733 Dr. Engali
Dr. Engali's picture

A bunch of background noise. Obummer will have four more years and this country will have been dismantled. Like he said.."I want to fundementally change the face of America".....it's coming.

Fri, 08/10/2012 - 15:38 | 2695054 Lednbrass
Lednbrass's picture

Looking at the state of affairs, I am increasingly skeptical that this would be a bad thing.

If it blows up and the various segments of the country restructure as they see fit, everyone would be happier. The Left Coast can put all of their money in a pile and divide it equally, New England can devote of all its time and energy to new and inventive ways to defraud everyone else, the South can decentralize to their hearts content and the Midwest can form Heartlandia or split off and join one of the other groups.

 

Fri, 08/10/2012 - 18:24 | 2695601 Harbanger
Harbanger's picture

If you believe what is happening is coincidence or just bad judgement, you may be right.  If you believe this has been planned, then you're wrong and in for a total govt. surprise.

Fri, 08/10/2012 - 14:10 | 2694738 Carl Spackler
Carl Spackler's picture

No.

I still bust my hump 60-70 hours a week working.

I continue to pay my income taxes, while half of the country is getting a free ride.

The law applies to me but not to the grand larcenist cronies in Washington and New York (nor does it apply to the ones crossing the border illegally).

This has become a nanny state.

Corruption has popped up everywhere, and I am paying for it but not -in any way- benefitting.

The economy is bigger a piece of garbage now than four years ago.

My 201k has become a 101k.

Frankly, this place has become a banana republic.

Ergo, this country is in dire need of a change in leadership and direction...starting at 1600 Pennsylvania Avenue.

 

 

Fri, 08/10/2012 - 14:34 | 2694829 SmittyinLA
SmittyinLA's picture

Dude you need to adapt to your environment, quit workin, get on disability, move to CA and form a Med Pot "collective", and pocket $10K a week in "non-profit director fees".

Never forget the credo, improvise, adapt, overcome, and while you're at it why not create your own harem at the state's expense and knock up a few dozen bitches too, they can give you a cut of their state subsidies too. 

Get another passport and hide cash offshore.

Get a "part time" government job too. 

Then vote yourself a raise in benefits, more vacation, and an earlier retirement. 

repeat.

 

 

Fri, 08/10/2012 - 15:12 | 2694959 ParkAveFlasher
ParkAveFlasher's picture

Spackler for congress!  (/same shit)

Fri, 08/10/2012 - 15:36 | 2695049 NeedleDickTheBu...
NeedleDickTheBugFucker's picture

However, you will receive total consciousness on your deathbed so you've got that going for you which is nice.

Fri, 08/10/2012 - 15:44 | 2695072 Seer
Seer's picture

"The economy is bigger a piece of garbage now than four years ago."

The "economy?"  You mean the premise of perpetual growth?  Did you really think that it wouldn't turn out this way?

"Ergo, this country is in dire need of a change in leadership and direction...starting at 1600 Pennsylvania Avenue."

Dude!  It's The System*, has NOTHING to do with who TPTB have placed dancing in front of you.

* Go ahead and provide an example of ANY country which isn't becoming a "bigger piece of garbage."  ALL are based on the premise of perpetual growth.  ALL will hit the cliff/wall of decline.  What you're experiencing is the price of having to pay for scarcer and scarcer resources: you'll have your wonderful experience of "fixing" all of this (you'll be responsible though, you won't be able to summons some far-away powers to do your bidding), just be patient... oh, and you'll likely find it no more pleasant that what you're currently experiencing.  Life, it's like that...

Fri, 08/10/2012 - 14:14 | 2694745 fuu
fuu's picture

Yes. I got out of debt, got out of the markets, and started boating.

Fri, 08/10/2012 - 14:28 | 2694802 iDealMeat
iDealMeat's picture

+1,  many a epiphanies to be had out on the water..

 

Fri, 08/10/2012 - 14:31 | 2694818 NidStyles
NidStyles's picture

Just be wary of accidents on the water, they are apparently a curse to ZHer's. 

Fri, 08/10/2012 - 15:16 | 2694971 ParkAveFlasher
ParkAveFlasher's picture

hey guys, flasher here .  curse lolz calln in from the boat. suny day to look at my shinny eagles OH SHITK wait a sec oh damn thatz deeep.  oh man u guys has scooba ??

Fri, 08/10/2012 - 15:54 | 2695122 NidStyles
NidStyles's picture

nah bra, just let that shit go.

Fri, 08/10/2012 - 17:35 | 2695447 Seer
Seer's picture

I'd heard that boats are big holes that you throw money into.  Does that happen with PMs?

But on a more serious note... you can catch and sell fish, so your "domicile" can be more productive than the majority's.  I opted for land; I suppose that my prior sailing experiences suggested I'd be better off this way: waking up in a boat that's pulled anchor, next to a rocky shorelines!, isn't a fun experience (forunately, all I've ever hit was sandy bottoms, well, that and a dock [once!]).

Fri, 08/10/2012 - 18:25 | 2695602 fuu
fuu's picture

The PM's go in the big holes...

Fri, 08/10/2012 - 18:31 | 2695617 ZeroAvatar
ZeroAvatar's picture

Yeah.  I had my Silver Phizz melted and formed into an anchor, because of that very same problem. Exceptionally heavy.

Note to self:  Never scimp on anchor rope again. 

Fri, 08/10/2012 - 14:13 | 2694749 Meesohaawnee
Meesohaawnee's picture

http://finance.yahoo.com/news/growing-paychecks-boost-americans-purchasi...

wait. this cant be.. Bloomberg is saying the opposite. Whos right?? . Who just cashed a check from the committe to re elect the president. ??

Fri, 08/10/2012 - 14:16 | 2694754 Seer
Seer's picture

Once again people are fixated on the puppets rather than the string-pullers.  I see no real difference in string-pullers coming any time soon, so all will just continue along as it has, until that is, we broach the cliff.

If you look at the wealth accumulated by the current sitting puppet's string-pullers you'll see that they've gotten him to do a rather stellar job.  And THEY, the string-pullers, are the ones doing the "voting," all the rest of us just represent inert filler.

Fri, 08/10/2012 - 15:46 | 2695085 aheady
aheady's picture

The only sensible comment in this entire thread.

Fri, 08/10/2012 - 17:44 | 2695483 DeadFinks
DeadFinks's picture

Why can't "puppets" be crooks too?

Fri, 08/10/2012 - 17:58 | 2695524 monad
monad's picture

Because they pardon themselves... and their familes. Which is probably how the draft dodger got blackmailed into running a born to lose campaign against the manchurian candidate, in order to fulfill the MSM Gepeto's war on Dr. Paul.

Fri, 08/10/2012 - 14:16 | 2694757 swiss chick
swiss chick's picture

I think we were all better off about 15 years ago,no?

Fri, 08/10/2012 - 15:06 | 2694941 johnQpublic
johnQpublic's picture

no

not far enuf back

i'm thinkin mid fifties was when we were at the zenith

Fri, 08/10/2012 - 17:43 | 2695478 Seer
Seer's picture

The zenith that you're talking about was a zenith in ignorance.  We were quite innocent back then.  Unbeknownst to most folks back then they were laying the tracks for today (Eisenhower and others warned us!).

The REAL zenith was when the Declaration of Independence was handed to the British.  When our virginity was then lost we then pursued the path to whoredom.

"La Revolucion is like a great love affair. In the beginning, she is a goddess. A holy cause. But... every love affair has a terrible enemy: time. We see her as she is. La Revolucion is not a goddess but a whore. She was never pure, never saintly, never perfect."

- Jack Palance, as 'Jesus Raza', in, 'The Professionals' (1966)

Fri, 08/10/2012 - 18:08 | 2695554 Overfed
Overfed's picture

I'd settle for mid '80s

Fri, 08/10/2012 - 14:18 | 2694767 caimen garou
caimen garou's picture

GOD HAVE MERCY ON US ALL!

Fri, 08/10/2012 - 14:19 | 2694768 Uncle Keith
Uncle Keith's picture

The U.S. typical Crisis Mentality voter is not interested - nor, can they comprehend - that it is 31 years of FAILED Supply Side Economic Public Policy that resulted in Wealth Consolidation and a Stagnant Economy.

 

The question is not whether or not Old Barry beats Mitten's - it is how badly the GOP gets the crap beaten out of them in the Mid-Terms in '14. 

Fri, 08/10/2012 - 14:28 | 2694805 NidStyles
NidStyles's picture

Where in the hell are you idiots coming from?

 

What is this Tyler? This is like a weird influx of mutant morons that keep showing up.

Fri, 08/10/2012 - 15:23 | 2694991 slewie the pi-rat
slewie the pi-rat's picture

he's a mutant b/c he thinks prez0 will get re-elected and look out republicans in 2014?

or b/c he disses prez"iranContra"rayGun?

that a tremendous heritage of blackOps criminality operating under spook cover, but i'll certainly admit that those briefcases full of china white and the handcuffs were a bit awkward...

flyAirAmerica, BiCheZ!  L0L!!!

Fri, 08/10/2012 - 15:56 | 2695125 NidStyles
NidStyles's picture

Nah, he's an idiot because he actually believes the shit he's saying. Something about voting and parties making a difference in the outcome. 

Fri, 08/10/2012 - 14:29 | 2694809 Beam Me Up Scotty
Beam Me Up Scotty's picture

We have a stagnant economy because the government HAS SPENT TOO DAMN MUCH MONEY IN THE LAST 31 YEARS.  PERIOD!!

Fri, 08/10/2012 - 18:11 | 2695562 Overfed
Overfed's picture

I"m thinkin' more like the last 48 years.

Fri, 08/10/2012 - 17:46 | 2695488 Seer
Seer's picture

Look, a great opportunity to communicate with an actual Democrat!  I'd like to take advantage of this opportunity, so, if you don't mind, here's a question for you:

Do you (Democrats) support the policy of continual growth?

Fri, 08/10/2012 - 14:19 | 2694769 pd45
pd45's picture

Yes, I'm wiser than I was 4 years ago. I'm also more suspicious, paranoid, and depressed. I want to go back to the warm and cozy Matrix.

Fri, 08/10/2012 - 15:09 | 2694946 johnQpublic
johnQpublic's picture

then you need the blue pill

but its viagra

Fri, 08/10/2012 - 16:49 | 2695307 JimBowie1958
JimBowie1958's picture

Blue pill is always easier on the nerves...

Oh, wait, THAT blue pill, sorry.

Fri, 08/10/2012 - 14:20 | 2694770 Red Heeler
Red Heeler's picture

And if you are better off, you didn't do that.

Fri, 08/10/2012 - 14:23 | 2694783 Rushisright
Rushisright's picture

Why don't you people get off your asses and vote? You lazy scum can sit here and jack off to a computer that is going to get you know where. It doesn't just start with 1600 Penssylvania Avenue....um it starts with throwing out the 535 in Congress. That's who has sold us out and that is who needs hanged from every tree branch we can find! Until you jackwads quit complaining and realizing the power you do have...your right your powerless. Keep watching your American Idols...keep sleeping...they got you by the balls morons!

 

Fri, 08/10/2012 - 14:26 | 2694795 NidStyles
NidStyles's picture

I think you got lost on your way to Sodahead, or whatever trendy micro-cosm of an internet distraction you meant to browse. 

 

BTW, voting does work. You can not hope to fix a system by using the very same broken system. 

Fri, 08/10/2012 - 17:49 | 2695497 Seer
Seer's picture

Correct!

"You never change anything by fighting the existing. To change something, build a new model and make the existing obsolete."

- Buckminster Fuller

Fri, 08/10/2012 - 14:27 | 2694804 Auric Goldfinger
Auric Goldfinger's picture

Bless your heart.

Fri, 08/10/2012 - 14:39 | 2694849 caimen garou
caimen garou's picture

what makes you think my lazy ass does'nt vote?

Fri, 08/10/2012 - 14:46 | 2694869 pd45
pd45's picture

I do vote. But my vote gets neutralized by a single welfare recipient.  When a third of a voters are either ignorant or are of dependent class (via direct payment or employment), we've crossed the event horizon into the black hole.

Fri, 08/10/2012 - 16:16 | 2695191 Harbanger
Harbanger's picture

To help secure that vote and further our destruction, Obama recently eliminated all work requirements to receive welfare.  Completely undermining Clinton welfare reform.

Fri, 08/10/2012 - 20:40 | 2695860 Seer
Seer's picture

If you vote then you're part of the problem (of proliferating the System).

Do you really think that regular people actually elect top officials?

Yeah, keep pulling that lever you monkey...

Fri, 08/10/2012 - 14:45 | 2694870 Abiotic Oil
Abiotic Oil's picture

Voting... LMAO...  Well at least someone is trying to end the corruption so voting would actually matter again.

Recent Twitter feed from Lawyers for Ron Paul.. backing the GOP and the Dem cockroaches into a corner, shining a light on 'em and busting out the jump boots for some squishing.

"USA_Patriot_Press ‏@USA_Free_Press

Palin takes 450 delegates from Romney. Santorum takes 350. Dr Paul can take 300 Romney votes. Newt can take 250 to push Romney below 1144

8h USA_Patriot_Press ‏@USA_Free_Press
@CorinaKernan The defining issue will be Romney's support for Internment Camps. Delegates will not change their vote over election fraud

8h USA_Patriot_Press ‏@USA_Free_Press
When Romney fails on the 1st ballot there will be a mass exodus of Romney delegates.- Enter Dr Paul

8h USA_Patriot_Press ‏@USA_Free_Press
This is our strategy. This is our path to victory. Today it is more plausible than ever. The miracle continues

8h USA_Patriot_Press ‏@USA_Free_Press
Be prepared to send messages to Santorum, Palin, Jeb Bush & Gingrich to get in the race to strip votes from Romney & drive Romney below 1144

8h USA_Patriot_Press ‏@USA_Free_Press
Be poised for victory and then make a quick transition to convince Romney delegates to vote their conscience, to vote the Constitution

8h USA_Patriot_Press ‏@USA_Free_Press
With the filing of our Amended Complaint the Judge will have figured out we did it on purpose and that our strategy worked

8h USA_Patriot_Press ‏@USA_Free_Press
@CorinaKernan - It means the score will be Romney has zero bound delegates if the Judge rules in our favor and future generations live free

8h USA_Patriot_Press ‏@USA_Free_Press
It is now check with the Judge agreeing our vision of the Voting Rights Act does apply to the RNC Convention. Our plan is working.

8h USA_Patriot_Press ‏@USA_Free_Press
We called our strategy 3 dimensional chess meaning the case would proceed with 3 complaints each designed to position RNC into checkmate.

8h USA_Patriot_Press ‏@USA_Free_Press
This was our strategy all the while knowing we would be filing an Amended Complaint upon successful completion. We prepared it 2 months ago

8h USA_Patriot_Press ‏@USA_Free_Press
We successfully positioned the RNC to admit it has no regard for US Law and that it claims it can even violate it's own Rules on the record.

9h USA_Patriot_Press ‏@USA_Free_Press
The Judge has all the evidence of election fraud. He will not forget it when he pens his Ruling

9h USA_Patriot_Press ‏@USA_Free_Press
The Judge is a former Marine. I believe he will not forsake our Constitution

9h USA_Patriot_Press ‏@USA_Free_Press
The fate of our nation now rests in the hands of a Judge. He has the canvas of his chosing to paint the historical decision of liberty

10h USA_Patriot_Press ‏@USA_Free_Press
@blondenfun1 It never got thrown out. That is a myth. We are winning"

Fri, 08/10/2012 - 15:35 | 2695039 John_Coltrane
John_Coltrane's picture

Wait, I like this congress.  They do nothing.  No new legislation, a complete stalemate-just as the founding fathers wanted..  I want a powerless, small, ineffectual government whose sole role is national defense.  I can take care of myself.  I would like a repeal of Obamacare and a Paul Ryan/Rand Paul budget which defunds the TSA and the Dept. of Education however, so I've got to go with Romney.

Meanwhile, everyone needs to contract their senators and push Ron Paul's audit the FED bill through the senate.  That's the single most important thing you can do politically.

Fri, 08/10/2012 - 15:53 | 2695112 Van Halen
Van Halen's picture

Paul had a great idea a while back which I wish he had really run with - it was to make the government cut 1% - just 1% from every government budget and program and agency. If Romney wanted to score points, he could throw that out there and watch the current government spin themselves into pretzels trying to shoot down that idea.

Fri, 08/10/2012 - 16:38 | 2695271 Harbanger
Harbanger's picture

 "If Romney wanted to score points, he could throw that out there and watch the current government spin themselves into pretzels trying to shoot down that idea."

The msm does all the spinning Obama needs.  They would dig up archives of starving women and children and shoot down the idea immediately. 

Fri, 08/10/2012 - 18:16 | 2695575 Overfed
Overfed's picture

That would be great if we could only get rid of all of the cabinet level dictatorships and pass a  Constitutional amendment rescinding all past and outlawing all future Executive Orders.

Fri, 08/10/2012 - 15:37 | 2695050 TraderTimm
TraderTimm's picture

The biggest lie in america is that a non-funded vote matters. By "non-funded" I mean not backed by massive lobbying organizations and corporate contributions.

Money controls our political system, not votes. It doesn't matter who is in the presidential hotseat, what matters is which cause has been given the most money to influence the legislature and the eventual desired outcome.

Even if you took everyone out of their incumbent seat - it wouldn't matter - the real policy guidance comes from those who have the most to spend.

Please, prove me wrong - but that is where we are right now. The fact people even think the election matters is a testament to how intellectually lazy everyone is.

Frankly, the system needs a reboot and reformulation.

 

 

Fri, 08/10/2012 - 15:55 | 2695128 Harbanger
Harbanger's picture

Rushisright is a new liberal troll, or most likely an old one with a new account.  This is his 1st comment on ZH.

Fri, 08/10/2012 - 20:44 | 2695869 TheFourthStooge-ing
TheFourthStooge-ing's picture

Rushisright said:

Why don't you people get off your asses and vote?

Hahahahaha! Fuck voting. I have more important things to do, like clipping my toenails or cleaning the cat box.

You lazy scum can sit here and jack off to a computer that is going to get you know where.

No, sorry, I don't know where. Where exactly is the computer 'going to get'?

Until you jackwads quit complaining and realizing the power you do have...your right your powerless.

My right? My powerless? I don't get it.

Incidentally, you sound like you're probably more into April Wine than Rush.

Fri, 08/10/2012 - 14:24 | 2694785 SmittyinLA
SmittyinLA's picture

You only get to vote to allow the Socialists to count the votes once.

Fri, 08/10/2012 - 14:25 | 2694788 NidStyles
NidStyles's picture

I'm better off, yes. It has nothing to do with the "Chump in Chief" though. It has a lot to do with not being on the side of a shithole mountain in Afghanistan getting fucking shot at every night though. 

Fri, 08/10/2012 - 14:33 | 2694826 Disenchanted
Disenchanted's picture

 

 

It's good that you were there protecting our freedom to be ass-raped by banksters, the MIC, and other scoundrels hiding behind the last refuge.

Fri, 08/10/2012 - 14:42 | 2694846 NidStyles
NidStyles's picture

Who are you kidding? I wasn't there for your sake. I was there because they were paying me massive amounts of paper fiat that I was converting into Physical. I wasn't in the Military then chief. 

 

My concern and compassion for you as an Individual ends at my doorstep. Once you leave my house, you are on your own. Learn to stand for yourself, and keep your guilt laden emotives to yourself. Reality doesn't care how you feel, and it will chew you up and shit you out like a shiny polished turd. My efforts at being polite end where your right to judge me try to exist. 

Fri, 08/10/2012 - 14:42 | 2694860 Disenchanted
Disenchanted's picture

 

 

Nobody is/was there(Afghanistan or Iraq) for the sake of the common man, whether they're military or not.

 

I hope the wealth chasing was worth getting shot at.

Fri, 08/10/2012 - 14:47 | 2694874 NidStyles
NidStyles's picture

Wasn't wealth chasing, but yes, it was worth it. 

Fri, 08/10/2012 - 16:55 | 2695334 JimBowie1958
JimBowie1958's picture

All the same, thank you for serving regardless why you did it.

Fri, 08/10/2012 - 21:06 | 2695916 kekekekekekeke
kekekekekekeke's picture

I like the cut of your jib

Sat, 08/11/2012 - 05:30 | 2696609 Disenchanted
Disenchanted's picture

 

 

Sorry NidStyles, but I previously failed to see this part of your reply:

 

My concern and compassion for you as an Individual ends at my doorstep. Once you leave my house, you are on your own. Learn to stand for yourself, and keep your guilt laden emotives to yourself. Reality doesn't care how you feel, and it will chew you up and shit you out like a shiny polished turd. My efforts at being polite end where your right to judge me try to exist.

 

I think you've seriously misread where I'm coming from...

 

So if you weren't in the military and you weren't chasing wealth, can you share what noble motive led you to be on the side of an Afghan mountain getting shot at?

Fri, 08/10/2012 - 15:29 | 2695018 Meesohaawnee
Meesohaawnee's picture

how did ya feel about putting your life on the line for criminals? serious. damn i feel bad for WWII vets. everyday i think about what they must be thinking.

Fri, 08/10/2012 - 16:52 | 2695325 Harbanger
Harbanger's picture

I just used my Ouija board to ask a WWII Vet what he's thinking now, and he sent me this video:

http://www.youtube.com/watch?v=lEl2xvs4RG8

 

Fri, 08/10/2012 - 22:14 | 2696100 Seer
Seer's picture

WWII vets have lots of parades, monuments, books and other effects praising their efforts for the empire.  They also have been able to have various funds available, funds that today's soldiers will never see (being that the country is totally broke).

Also, sometimes one does not fully understand the greater world when one is younger.  Hindsight being what it is...  I have no sympathies, however, for those who never bother to expand their awareness and continue to assist in the perpetuation of the Big Lie.

Fri, 08/10/2012 - 14:25 | 2694791 loveyajimbo
loveyajimbo's picture

FORWARD, Comrades!!!  Just a few more steps to total collapse, we can do it, I know we can!!!  Hooray for Bung-hole Barry!!

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