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Re-Election Hopes? "It's Obama's Economy, Stupid!"

Tyler Durden's picture




 

While it is seeming common knoweldge that the state of the economy has a significant bearing on the outcome of the presidential election in the US, Barclays notes that in the case of an incumbent running, economic performance appears to be most important. The three presidents who failed in a re-election bid in the post-war period (Gerald Ford in 1976, Jimmy Carter in 1980 and George Bush, Sr. in 1992) did so against a backdrop of weak growth, high unemployment, and low consumer confidence. These same factors all pose significant headwinds to the current incumbent. To overcome them, history suggests that unemployment would need to keep trending down and consumer sentiment would need to strengthen prior to the vote in November.

 

 

 

As Barclays notes (providing a little more hope):

More broadly, the stage of the business cycle at election time could be as important as the state of the economy per se, particularly when it comes to the labor market. In particular, the course of the unemployment rate may be as influential as the level itself. How the labor market recovery plays out in the second half of the year may play a pivotal role in the upcoming election.

Source: Barclays

 

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Wed, 06/27/2012 - 14:50 | 2565892 greased up deaf guy
greased up deaf guy's picture

nope.

Wed, 06/27/2012 - 15:04 | 2565943 Michael
Michael's picture

Yeah, but a lot of people just want revenge and are not going to vote for the Fox news/MSM republican nominee selection.

I'm just voting for Obama to fuck over the GOP/MSM establishment.

Wed, 06/27/2012 - 15:07 | 2565968 CommunityStandard
CommunityStandard's picture

I think you meant "cater to the GOP/MSM establishment"

Wed, 06/27/2012 - 15:20 | 2566011 economics9698
economics9698's picture

Vote for Gary Johnson.

Wed, 06/27/2012 - 15:29 | 2566032 Marginal Call
Marginal Call's picture

The whole 100 year ponzi scam is unwinding world wide and it's Obamas fault.  Or something.

 

It doesn't matter who wins.  And while these charts make it look like R-Money is a shoe in, broken down by state and electoral college he's got long odds at winning. 

 

Gary Johnson is as good as anyone to vote for, so why not. 

Wed, 06/27/2012 - 16:04 | 2566168 1100-TACTICAL-12
1100-TACTICAL-12's picture

We will be fully engaged in WWIII by Nov. Obama will win. "False Flag" anyday now.

Wed, 06/27/2012 - 16:40 | 2566312 AldousHuxley
AldousHuxley's picture

obama saving QE3, twist for the last minute boost.

 

Like Romney is a better choice? Private Equity strap up debt and pay Paul with cash in victim company Romney?

Wed, 06/27/2012 - 20:58 | 2566979 poor fella
poor fella's picture

I hope Mitt wins so we can put a fucking bullet into the head of Globalization, trickle-down, bank subsidies, HFT, and private equity...  Shrub had such a great start to bring the end of days, might as well let Mitt fiddle with the pieces for awhile. Obama is at fault for thinking this shit's worth saving too. Should have came out all Genghis Khan and never compromised. At least we could have tried something else.

The system is totally fucked - what happens when we kick the can down the road? We turn the fucking corner. It doesn't matter if we kick the can around the block going LEFT or RIGHT, we're going around the same fucking ghetto. Nothing is going to change. The people will fucking DIE on their couches quietly before going outside and making a stink (or better yet, uniting and kicking those motherfuckers out of CONgress).

Buy local - and grow cotton to make your own damn bandaids. Fuck J&J. And buy a banjo! Fuck APPLE.

God Bless the Fascist States of America

Wed, 06/27/2012 - 15:18 | 2565972 xcehn
xcehn's picture

LOL. You don't have the stomach to vote for Obama. I know I don't.

Wed, 06/27/2012 - 15:59 | 2566157 kito
kito's picture

voting for obama will at least give us a quicker end to this long drawn out mess.......new slogan.........a vote for obama is a vote for euthanasia.......no more long term terminal suffering filled with days of morphene drips.................VOTE FOR OBAMA, END IT NOW!!!!

Wed, 06/27/2012 - 16:02 | 2566171 Marginal Call
Marginal Call's picture

LOL.  Fuck it.

 

Give me liberty or give me death panels. 

Wed, 06/27/2012 - 15:08 | 2565973 Fidel Sarcastro
Fidel Sarcastro's picture

If it's not Michael's childish sentiment then it's another: people will vote for Obummer so they don't look racist.  Pathetic indeed, but whitey has been conditioned to believe he's bad.

 

" These same factors all pose significant headwinds to the current incumbent."...won't matter.

Wed, 06/27/2012 - 18:34 | 2566673 Chuck Walla
Chuck Walla's picture

In politics, few talents are as richly rewarded as the ability to convince parasites that they are victims. ... generosity is seen as an admission of guilt, and the reparations as inadequate compensation for injustices – leading to worsening behavior by the recipients.

 

~ Thomas Sowell 

Wed, 06/27/2012 - 15:38 | 2566074 Silver Bug
Silver Bug's picture

His chances seem to shrink more and more everyday.

 

http://jimrickards.blogspot.ca/

Wed, 06/27/2012 - 15:46 | 2566009 PSEUDOLOGOI
PSEUDOLOGOI's picture

 

please read: http://www.sentinelsource.com/news/local/clerk-loses-job-over-stand/article_87627ed5-5d4e-5ff0-a781-f14deb034771.html 
I have just mailed a thank you card (hand written) to:
Jackie R. Whiton
Big Apple Store
16 Wilton Rd.
Peterborough, NH 03458
and have thanked Jackie for taking a stand and doing the right thing. Hope she recieves it.
The above is NOT her home address. This is the address of the store where she used to work.
Maybe one of the employees or the store manager will give Jackie mail addressed to her.
I have also called the Headquartes (Big Apple store is owned/operated by C.N. Brown Company) at 207-743-9212 and left a VM for their PR/spokesperson informing them that I will not patronize any of their businesses as a result of what they did.
And finally, I have sent them a fax to 207-743-8357 basically restating the contents of my voicemail.
Remember what happened on the Internet after those kids ridiculed a bus driver?
Can zerohedge do the same for this lady who obviously shares the view of many zerohedgers when it comes to responsibility and doing the right thing???

And finally, fire up that EBT rap song on youtube!!!!

 



Update:

A campaign has been set up for her already:

http://www.indiegogo.com/donationsforjackiewhiton

Wed, 06/27/2012 - 15:51 | 2566120 sskid
sskid's picture

Remember what happened on the Internet after those kids ridiculed a bus driver?

 

She was a bus monitor, not a driver and the people that donated 500k are idiots.   She has to be the most incompetent bus monitor ever.   Boohoo

 

 

Wed, 06/27/2012 - 15:55 | 2566142 PSEUDOLOGOI
PSEUDOLOGOI's picture

were you one of the taunting kids or did your kids do the deed?

Wed, 06/27/2012 - 17:24 | 2566482 sskid
sskid's picture

The taunting kids should have been kicked off the bus, let the little bullies walk home, or mommie can pick them up.

Wed, 06/27/2012 - 15:41 | 2566090 max2205
max2205's picture

If Obummer loses. About 20 tv channels will go chpt 11

Wed, 06/27/2012 - 15:59 | 2566156 Abiotic Oil
Abiotic Oil's picture

Letter from Issa to Obama re: Fast and Furious.  Paraphrased, "Come on Barry, you think we're a bunch of muppets?  'Fess up bitch.  This was your OP."

http://www.scribd.com/nationaljournal/d/98293331-Rep-Issa-Letter-to-Obam...

Wed, 06/27/2012 - 16:16 | 2566226 gatorengineer
gatorengineer's picture

It comes down to 5 states Missouri, Ohio, Fl, Missouri, and Colorado.  Rommney has to win at least 4 of those.  Every other state is already decided.

Barry could easily loose the popular vote and win the election.

Wed, 06/27/2012 - 14:52 | 2565893 nope-1004
nope-1004's picture

Failure.  But bullish, I think.

Since Corzine is free, he can head up the SEC in the new term.  Since Falcone is now in jail, he can head up the Justice Dept.   S'all good!

 

Wed, 06/27/2012 - 14:53 | 2565895 Cognitive Dissonance
Cognitive Dissonance's picture

Read my lips. No new taxes.........until after the election. It is inevitable.

http://www.youtube.com/watch?v=0MW44jsYi0g

Wed, 06/27/2012 - 14:53 | 2565901 MsCreant
MsCreant's picture

"As Barclays notes (providing a little more hope)"

Hope of what?

Wed, 06/27/2012 - 15:09 | 2565976 slewie the pi-rat
slewie the pi-rat's picture

hope that prez0 doesn't campaign on a strong dollar, a strong military, and a strong social safety net

he'll take what he's got there and run like the wind with it, or my middle name isn't the

Wed, 06/27/2012 - 15:21 | 2566016 Abiotic Oil
Abiotic Oil's picture

"$3000 for everybody... to buy, you know, thingamajigs... payable after I am re-elected."

- Barry Barak Hussein O-bomb-a-Soetero

Wed, 06/27/2012 - 15:42 | 2566094 slewie the pi-rat
slewie the pi-rat's picture

congo will approve it but not $3K;  they will want to make speeches about austerity while doling out $1500 i think;  the checks will be in the mail just before the R convention and the D convention starts the next day or vice-versa who's on first?

this will make the campaign a feel-good state fair kinda thing with lotse pro-wrestling poses between the candidates while thePeople will lose all their remaining seats!  and their asses, too, BiCheZ! 

 

Wed, 06/27/2012 - 14:53 | 2565903 serog
serog's picture

Even if you are not a fan of President Obama, you need to realize that healthcare reform that is currently taking place,really is beneficial to all Americans, not just a chosen few, and actually provides some requirements of our insurance companies for the first time! Most people cannot even tell you why they may be against healthcare reform other than, it's going to cost me money! Not true, it provides a guarantee of coverage to many that would be considered uninsurable. Here's hoping!

Wed, 06/27/2012 - 14:58 | 2565922 William113
William113's picture

Your not from here are you.

Is that you TRAV.

Wed, 06/27/2012 - 15:02 | 2565938 CommunityStandard
CommunityStandard's picture

Wrong account, M$B.

Wed, 06/27/2012 - 15:19 | 2565955 serog
serog's picture

Goes to show there are real people out there like M$B.

Wed, 06/27/2012 - 15:06 | 2565964 William113
William113's picture

I was going to go with M$B but I thought it was a little late in the day for his suck hole to be running.

Wed, 06/27/2012 - 15:05 | 2565953 Salt
Salt's picture

From a strict insurance perspective, there's a reason that which is not insurable is not insured. You're smoking hopium and applauding your higher insurance rate, due to the guarantee to the uninsurable, because people have built next to the river that routinely floods.

Wed, 06/27/2012 - 15:05 | 2565960 Decay is Constant
Decay is Constant's picture

Doctor:  Sir, I see that your kidney function is getting worse.  There's not much we can do but put you on dialysis for the next 5 years.  You're too old for a renal transplant.

Patient:  But I'm only 55! 

Doctor:  There are plenty younger folks out there that could use that kidney.

Patient:  What happens after 5 years of dialysis? 

Doctor:  You turn 60 and government insurance stops paying.  It's too costly to the system.

Patient:  So where do I get dialysis?

Doctor:  Fill out long form 34756B-3.

 

Wed, 06/27/2012 - 15:16 | 2565998 FeralSerf
FeralSerf's picture

Unless there are extenuating circumstances, livestock that are physically or mentally defective will be culled.  They're useless eaters.

/s/ Mittens and his fellow puppet

Wed, 06/27/2012 - 15:07 | 2565969 JohnG
JohnG's picture

 

 

JFC, one reason:

My wife and I are 64 and 63 respectively.  Why the fuck should we be forced to pay for insurance that covers birth control????

I'm in damn good shape, haven't been to any doctor in well over 10 years, do I need insurance???

Fuck off shit for brains.

Wed, 06/27/2012 - 17:06 | 2566423 Abiotic Oil
Abiotic Oil's picture

"Unprotected fucking is a right protected under the Constitution.  I should know, I'm a Constitutional scholar.  FORWARD!"  - Barry

 

Wed, 06/27/2012 - 15:12 | 2565987 homersimpson
homersimpson's picture

I thumbed you up simply because I find it hard to believe someone is that stupid to believe what you wrote.

Wed, 06/27/2012 - 15:39 | 2566075 salvadordaly
salvadordaly's picture

Well here ya go genius, "Ask Veterans how well their health care is that is run by the Gubment. I don't have to I've seen it in action."  I can only hope this was a joke, because if you are truly that ignorant rid yourself of this country. Cuba comes to mind with their health care you apllaud so much. "I am not being mean either, I have not said what I would really like to tell you!

Wed, 06/27/2012 - 15:45 | 2566105 Oldballplayer
Oldballplayer's picture

Go to MA and try to get an appointment with a General Practioner.  Unless he/she was a high school friend (like mine) it is next to impossible. 

Yeah, health insurance is wonderful.  But, the way they have it set up the folks with the big med school debt are going to specialize.  Why would a smart doctor spend all of that time and all of that money to spend their day with smelly, unappreciative, poor people---and have their reimbursements cut.

If you think this is a good thing...talk to someone in MA.  It sucks.  And getting rid of it is a good thing.

Thu, 06/28/2012 - 08:39 | 2567878 jonan
jonan's picture

i'm pretty sure the force that sets limits on insurance companies are known as actuarial tables...a quantified form of risk...

ahhh fuck it, no use explaining this to statists...insurance for all actuarial tables be damned!!!

Wed, 06/27/2012 - 14:53 | 2565904 surf0766
surf0766's picture

No no no. On that business show this morning they said it was all inherited from Bush. And it is still his fault .

Wed, 06/27/2012 - 14:54 | 2565906 Clowns to the l...
Clowns to the left_ jokers to the right's picture

Everything is bullsh...Um, bullish.

Wed, 06/27/2012 - 14:55 | 2565911 azengrcat
azengrcat's picture

It's the money printer stupid!

Wed, 06/27/2012 - 15:00 | 2565913 ATG
ATG's picture

Nice charts and all, but why is 0 ahead by 9 points on Intrade and what's the actual difference with MR?

http://www.intrade.com/v4/home/

Until Ron Paul principles rule, we are in a bear market rally that peaked at 1422.38 SPX on April Fool's Day:

http://richcash8tradeblog.blogspot.com/

Wed, 06/27/2012 - 15:21 | 2566013 XenoFrog
XenoFrog's picture

It's self-selection bias. Young people who are dumb enough to gamble skew your numbers democrat.

Wed, 06/27/2012 - 15:29 | 2566033 Spastica Rex
Spastica Rex's picture

ROOT, ROOT, ROOT FER YER TEAM!

Wed, 06/27/2012 - 15:35 | 2566055 Dr. Engali
Dr. Engali's picture

Intrade is no longer an accurate barometer now that it is more well known. It's been too easy to manipulate.

Wed, 06/27/2012 - 14:57 | 2565917 Liposuction
Liposuction's picture

VOTER SUPPRESSION DATA!

Wed, 06/27/2012 - 14:58 | 2565919 Madcow
Madcow's picture

In difficult and hopeless situations the boldest plans are the safest. 
Titus Livy (59BC - 17AD) Roman historian 

Wed, 06/27/2012 - 14:58 | 2565921 Cursive
Cursive's picture

The Unemployment rate (U3) will probably keep heading down as more and more people drop out of the labor force.

Wed, 06/27/2012 - 14:59 | 2565923 Bob
Bob's picture

So tomorrow's shit casserole is trending against today's turd sandwich?

Just can't wait to vote!

 

Wed, 06/27/2012 - 14:59 | 2565928 hannah
hannah's picture

now i forget but which president(Gerald Ford in 1976, Jimmy Carter in 1980 and George Bush, Sr. in 1992)was a illegal alien from africa......thought so.

huessen will win his re-election.

Wed, 06/27/2012 - 15:08 | 2565974 daveeemc2
daveeemc2's picture

does it really matter? really?

SuperPACS = unlimited foreign "investment" in our politics.

We deserve every bad thing we got coming to us.

Wed, 06/27/2012 - 15:11 | 2565984 surf0766
surf0766's picture

Can we keep the marxist out too?

Wed, 06/27/2012 - 16:50 | 2566245 therearetoomany...
therearetoomanyidiots's picture

"You're right, why bother?"  --Eeyore

 

And PS on super pacs.  You're right, it's so much better when a one sided media directs the dialogue of the political debate.  

Wed, 06/27/2012 - 15:37 | 2566069 DosZap
DosZap's picture

Depends on the economy #1,the UE rate, AND the SCOTUS ruling Thurs.

He spent nearly 3yrs not worried about ANY JOBS, or anything else except screwing the majority of Americans to the wall with ObamNOcare.

That had so many HIDDEN agendas,it would alone break us outright if implemeted wholly, and take even more of our (what's left) of freedoms.

 

Wed, 06/27/2012 - 15:02 | 2565939 davinci7_gis
davinci7_gis's picture

Don't worry...POTUS will declare martial law and postpone elections before November!

Wed, 06/27/2012 - 15:43 | 2566095 DosZap
DosZap's picture

I really just don't get it.

Think about it,Rangel has stroke, and Rangel is black.He represents a cadre of liberals and free loaders.

When 40% of blacks are far worse off now than when he came in, up to 80% plus are going to vote for him yet again, for the same reason(94% voted for him '08).

Wed, 06/27/2012 - 17:39 | 2566533 Hype Alert
Hype Alert's picture

So you're saying Obama's a shoo-in.  Don't answer that.

Wed, 06/27/2012 - 15:03 | 2565945 i_call_you_my_base
i_call_you_my_base's picture

Given today's propaganda machine and how the media functions, I'm not sure history is that good of a guide. These eras are not comparable.

Wed, 06/27/2012 - 15:52 | 2566126 graneros
graneros's picture

Ding Ding +1 for an accurate take on the zeitgeist.

Wed, 06/27/2012 - 15:03 | 2565946 fnordfnordfnord
fnordfnordfnord's picture

Jimmy Carter, Ronald Regan, Bill Clinton, Mitt Romney

One of those things is not like the others. Face it, Romney just doesn't have the stuff.

Wed, 06/27/2012 - 15:04 | 2565948 Capt. Ray
Capt. Ray's picture

Nice graphs, buttttt... ;

 

When was the last time a

polygamist billionaire,

and a foreigner ran for

US president?

Wed, 06/27/2012 - 16:04 | 2566176 graneros
graneros's picture

Polygamist?  Really?  I thought the foreigner was running against Romney.

Wed, 06/27/2012 - 16:50 | 2566355 GeezerGeek
GeezerGeek's picture

Barack Hussein Obama Sr. was a polygamist. George Romney wasn't. You need to stop taking whatever meds you're on, they're confusing you.

Wed, 06/27/2012 - 15:04 | 2565952 emersonreturn
emersonreturn's picture

barclay's, who better to broadcast the importance of economic performance?

Wed, 06/27/2012 - 15:05 | 2565958 daveeemc2
daveeemc2's picture

republicans win - their job was to create a 1 term democratic president - no holds barred, ends justify the means.

If it ment shutting down government and making sitting president choose btw buying missles for Jr's afganistan war or gramma getting her ssi so she can buy food, so be it.

Welcome to the new normal.

If founding fathers were alive today most in congress would be swinging from lamp-posts...

Wed, 06/27/2012 - 15:15 | 2565992 Hype Alert
Hype Alert's picture

Sadly, the founding fathers wouldn't even get elected by the entitlement class and the republicans would dismiss them as extremist.  The people in office today are a symptom of the problem and the problem is the mentality of the people.  It has become a self-fulfilling prophecy where the only question is how it plays out.

Wed, 06/27/2012 - 16:54 | 2566366 GeezerGeek
GeezerGeek's picture

The founding fathers might not get elected today, but they would recognize when the time came to create a new government. Read the Declaration of Independence. Much of it could easily be applied to current conditions. That can be interpreted as meaning they were...TERRORISTS!

Wed, 06/27/2012 - 16:17 | 2566232 therearetoomany...
therearetoomanyidiots's picture

Holy Shit...are you kidding?   This guy is a total piece of shit.  He had carte blanche and failed.  No one coulda stopped him the first two years.

Christ, you sound like Barry himself.  Poor barry.  He's been taken advantage of.  

 

Wed, 06/27/2012 - 16:50 | 2566353 TMT
TMT's picture

Shut down the government for a few months.  I'm all for it.  Those who cry first are the ones who need it the most (the corrupt bankers/corporations and welfare queens).

Wed, 06/27/2012 - 15:06 | 2565963 Seasmoke
Seasmoke's picture

if he were 100% white, he would have NO CHANCE

Wed, 06/27/2012 - 15:09 | 2565977 tmosley
tmosley's picture

March of Tyranny, bitchez.

Wed, 06/27/2012 - 15:13 | 2565978 crawldaddy
crawldaddy's picture

Obama would be in trouble if his opponents actually had a real candidate.  Is there a more fake human on earth than this fake douch Romney.

 

We have no choice.  Just as the .01 intended.

Wed, 06/27/2012 - 15:13 | 2565990 surf0766
surf0766's picture

Only if someone's whole life was just made up.

Wed, 06/27/2012 - 15:16 | 2565995 crawldaddy
crawldaddy's picture

umm the adult are talking here,  crazy ass shit 101 is down the hall first door to your right. Grab a seat someone will be right with you in a few minutes.

Wed, 06/27/2012 - 15:24 | 2566023 surf0766
surf0766's picture

Give it a rest.

Wed, 06/27/2012 - 15:15 | 2565997 Bob
Bob's picture

Giving credit where credit is due, however, I think Mittens has come a long way even allowing for a rich family's support:

https://en.wikipedia.org/wiki/Asperger_syndrome

But, yeah, Ford, Carter and Bush all lost out to guys with smoother presentation by far. 

Wed, 06/27/2012 - 15:33 | 2566038 roadhazard
roadhazard's picture

He's Max Headroom without the stutter or the humor.

 

 

http://www.youtube.com/watch?v=411oYtvyyzY

Wed, 06/27/2012 - 15:34 | 2566050 Clueless Economist
Clueless Economist's picture

Is there a more fake human on earth than this fake douch Romney?...UH John Edwards?  Was that a trick question?

Wed, 06/27/2012 - 16:11 | 2566208 graneros
graneros's picture

@crawldaddy - "Is there a more fake human on earth"

 

Yea.  Obama himself.  Duh!

Wed, 06/27/2012 - 16:13 | 2566217 therearetoomany...
therearetoomanyidiots's picture

Do you get all your opinions from TeeVee?

Wed, 06/27/2012 - 15:10 | 2565980 El Oregonian
El Oregonian's picture

His presidency has failed. They just refuse to believe it, but now the body stinkth. It is now a zombie president.

Wed, 06/27/2012 - 15:23 | 2566021 FeralSerf
FeralSerf's picture

GWB's presidency failed too, but that didn't keep him from being reelected in 2004.

Wed, 06/27/2012 - 15:46 | 2566063 slewie the pi-rat
slewie the pi-rat's picture

i didn't junk ya, el_0, your uniforms shine like jell_0

poor prez0!  after the first two years, nobody thought there would be anything left standing goin into considering a year 5

but we haven't blown up, melted down, freaked out or gotten any thinner, either!  but that firstLady BiCh is tryin!

so, who woulda thunkit?  bullish on re-election?  nobody! 

prez0 will kick off his campaign on the 4th of july by being cool and flying a drone around washington and over the IMF, the worldBank and the FED while smoking a b-52 up atop the portico @ 1600 with his chopper on the lawn in the background

kinda like slick willie playing the yakety-sax only more gooder

his kids will be completely embarrassed! michelle will be planning more state affairs...  plus homey with the homies stuff... 

as long as we can finance our walkin and talkin at these rates, i don't see a problem with this leadership, but i'm sure either guy will be great for thePeople...   L0L!!!

Wed, 06/27/2012 - 22:11 | 2567137 El Oregonian
El Oregonian's picture

Well slewie, if the continuous bombing the crap outta the middle-east in this never ending war  is Zero's legacy (just like Dubya's) then screw them, it was a joke from the beginning (think building No.7) and all the pop corn trails lead to Daddy Bush and the CIA-elaeda. Just follow the money my friend...

Wed, 06/27/2012 - 15:16 | 2566000 steveo77
steveo77's picture

So in other words they are going to start lying even more about jobs and GDP

 

No brainer.

Wed, 06/27/2012 - 15:19 | 2566007 crawldaddy
crawldaddy's picture

exactly, unemployed will now be refereed to as " on vacation". 

Wed, 06/27/2012 - 15:52 | 2566132 slewie the pi-rat
slewie the pi-rat's picture

i think, statistically, we're better off as a nation with them dying by the birth-death model

if the CB0 had any balls they would do the right thing and help out future demographic imbalances a bit going into the election, too

what is the dept of labor for if not  for this?

Wed, 06/27/2012 - 15:18 | 2566005 LawsofPhysics
LawsofPhysics's picture

Now I see why the financial firms and banks stopped supporting Obama and started supporting Romney.  <DERP>

Wed, 06/27/2012 - 15:19 | 2566008 FeralSerf
FeralSerf's picture

"You mean to tell me that the success of the economic program and my re-election hinges on the Federal Reserve and a bunch of fucking bond traders?" -- William J Clinton, President of the United States

In other news, gasoline is cheaper.  Barry will take credit for this (unless it makes an about face).

Wed, 06/27/2012 - 15:20 | 2566010 MrBoompi
MrBoompi's picture

Looks like the numbers have come out just where the Republicans wanted them to!

Wed, 06/27/2012 - 16:32 | 2566289 MrBoompi
MrBoompi's picture

Right, you can keep hitting the down button as many times as you like.  Even three times is more effort than the Republicans have put in to improve the economy over the past 3 fucking years.

Wed, 06/27/2012 - 15:24 | 2566015 Joe Davola
Joe Davola's picture

If he had pushed for real financial reform rather than the milquetoast D-F, the economy likely would have improved by now.  He continued the Bush bailout and coddling of Wall Street - so maybe he is technically correct that it is an inherited mess, but he had the power to fix it and chose (or was too politically weak/inexperienced) not.  That is his biggest failing and he should wear it like the albatross the US will bear for generations to come.

Wed, 06/27/2012 - 15:26 | 2566031 Flakmeister
Flakmeister's picture

IN 2009 O got bullied/convinced by Larry Summers to do nothing when there was a chance of really reforming Wall St... O was reluctant to rock the boat and no one was standing up to Summers in the Cabinent meetings....

Wed, 06/27/2012 - 15:30 | 2566039 Dr. Engali
Dr. Engali's picture

Excuses are like assholes...everybody has one and they all stink.

Wed, 06/27/2012 - 15:40 | 2566078 Flakmeister
Flakmeister's picture

What the fuck makes you think that I am providing excuses??? 

Is history and a description of what happened suddenly "excuses"??? No wonder your insights are so flawed....

FWIW, it would have taken real cojones to take on the Banking interests.... and no serious candidate over the past ~40 yrs has had them....

 

Wed, 06/27/2012 - 15:49 | 2566110 Dr. Engali
Dr. Engali's picture

It sure sounds like you are making excuses for him when you read your post...Poor little Obummer wanted to do the right thing but he got bullied. How about this instead?..... Obama, a tool of the banks, did exactly what he was paid to do.

 

 As far as the cojones goes....don't apply for the job if you don't want the responsibilities.

Wed, 06/27/2012 - 15:50 | 2566119 Flakmeister
Flakmeister's picture

No argument from me... O screwed the pooch...

Nonetheless, he is nowhere near as bad as W. was... Christ, we had President Cheney and there is no way he could have ever won a presidential election...

Wed, 06/27/2012 - 16:10 | 2566194 therearetoomany...
therearetoomanyidiots's picture

W sucked but at least he didn't worship himself in the mirror.  This guy is a second rate economic marxist and probably a muslim from Kenya.  One thing for sure, he's a wanna be dictator.

There is no 'poor' Obama.  Fuck him.  And Fuck bush. 

Jesus chryssed - Obama constantly blames bush yet he has consistently and with greater fervor followed Bush's playbook.

You make it sound like he made a mistake.  THe man (not sure by what measure other than apparently he has a prick) is wholly incompetent to do anything other than take vacations.

Be rid of him.  And yes, we'll be much better off with Mittens.  A person who actually likes business, and the country.

Wed, 06/27/2012 - 16:33 | 2566294 Flakmeister
Flakmeister's picture

You are displaying your ignorance.... Obama is the right of Eisenhower and whatever the fuck he is, he ain't no Marxist...

Elect Mittens and the US will see what truly unfettered crony capitalism will look like.... I'll wager that 99% of Americans are not going to like it.... 0.9% will tolerate it because their paycheques will look good and 0.1% will make out like bandits....

Wed, 06/27/2012 - 16:41 | 2566316 TMT
TMT's picture

So we haven't witnessed "truly unfettered crony capitalism" under Obama?  And you have the nerve to call others ignorant.

Just pull the fucking lever for O and stop trying to justify it.  I guess that'll make you feel better, by voting for the minority, or gay lover, or the guy who is for the "middle class", or the guy who has scratched "illegal immigrant" from his vernacular.  Or maybe you just want to make sure your EBT card is reloaded.

Wed, 06/27/2012 - 17:05 | 2566416 Flakmeister
Flakmeister's picture

Did you vote for Bush?

If so, why are so mad with O?

He has been a carbon copy continuation of W.... And if anything, he has been more effective...

I didn't vote for O or W or McPalin and any of those jokers...

The point I am making is that the asshats that seem to have be so up in arms about O are a bunch of fucking myopic hypocrites because they sure as fuck didn;t make the same noise about W and his cast of cronies and fuckups...

If you are going to shoot, at least shoot straight....

Wed, 06/27/2012 - 17:18 | 2566460 TMT
TMT's picture

I now regret it but I did in fact vote for Bush the first time.  Back then I was caught up in the red/blue team bullshit.  I learned my lesson the hard way.  I'm voting RP this time or I'll just stay home.

Why am I mad at O?  Here's a partial list:  Too much spending, no entitlement reform, corruption, crony capitalism, Bernanke, Holder, Summers, Timmy, less freedom (debt=slavery), no tax reform, middle East adventures including the Arab spring, open borders, unemployment.

It's debatable, but let's assume you're right about people all of a sudden being up in arms about O ... so who really cares the fact is the people are fucking pissed off about the state of our country.  Debating why or why not it may or may not have occurred in the past is meaningless.  The fact is the country is fucked and O is totally incapable of fixing anything.

Wed, 06/27/2012 - 17:29 | 2566494 Flakmeister
Flakmeister's picture

So we are almost in agreement, O can't fix it, and Mittens sure as fuck can't....

PS Your list applies to just about every president of the 20th century...

And why don't you direct your anger at the real problem, a dysfunctional Congress with gerrymandered districts...

 

Wed, 06/27/2012 - 16:58 | 2566376 OneTinSoldier66
OneTinSoldier66's picture

I don't have any "real cojones". Am I excused now?

Wed, 06/27/2012 - 15:29 | 2566037 Dr. Engali
Dr. Engali's picture

The only "financial reform" that would have "fixed " the economy is bankruptcy and criminal prosecution...not more legislation.

Wed, 06/27/2012 - 15:32 | 2566045 Joe Davola
Joe Davola's picture

Agreed.  That was what I was trying to imply, but you said it directly.

Wed, 06/27/2012 - 15:37 | 2566067 hellas4life
hellas4life's picture

yup and asset/income seizures/clawbacks

Wed, 06/27/2012 - 15:23 | 2566020 Vince Clortho
Vince Clortho's picture

The media control over the muppets is so dominating, its actually going to be close

It is difficult to imagine greater insanity.

Under obama, the constitution is being trashed, Bill of Rights crushed, economy in the shitter, housing market still looks like a sinkhole, unemployment at scary levels, food stamps for nearly half the country, and the National Debt screaming out of sight.

Normally, the above would not be considered a good resume for a candidate.

As pathetic as Mittens is, he should still walk away with a huge electoral win.

Should, but in the new USSA/4th Reich/TakeYourPick ..... it could come down to who has the cutest marketing campaign.

Wed, 06/27/2012 - 15:47 | 2566107 surf0766
surf0766's picture

When no one is working and everyone is on food stamps who pays?

Wed, 06/27/2012 - 16:01 | 2566170 therearetoomany...
therearetoomanyidiots's picture

Obama?  "He got a secret stash." 

 

Remember that?   The same piece of trash that also probably brought Rangel through his primary...

Wed, 06/27/2012 - 19:03 | 2566750 Totin
Totin's picture

The "Bank of China" credit card of course.

Wed, 06/27/2012 - 21:00 | 2567011 Winston Churchill
Winston Churchill's picture

Declined.

You don't think Operation twist is anything but a smokescreen for

lack of demand for long dated USTs(junk)do you ?

The Feds buying them because nobody else will,

Coming to the short dated USTs soon.

Wed, 06/27/2012 - 16:19 | 2566237 graneros
graneros's picture

Very good Vincent.  +1 and a free $5.00 shake at Jack Rabbit Slim's.

Wed, 06/27/2012 - 17:08 | 2566429 GeezerGeek
GeezerGeek's picture

About that National Debt: I read recently that the War on Poverty has cost about $15 trillion since it was initiated. Our national debt is nearly $16 billion. If the US had just made poverty a crime punishable by death we would have almost no national debt at all!

Wed, 06/27/2012 - 15:24 | 2566025 TWSceptic
TWSceptic's picture

I would prefer Obama elected, system collapse, Obama resigns or removed from office (birth certificate?) then a chance to repair things for a libertarian republican.

Wed, 06/27/2012 - 15:29 | 2566036 lakecity55
lakecity55's picture

Romney. At least he doesn't eat dogs!

Wed, 06/27/2012 - 15:35 | 2566058 hellas4life
hellas4life's picture

so is barclays attributing the negative 4% q32008, negative 9% q42008, and negative 7% q12009 gdp to obama eventhough he was innaugurated on jan 20 2009? 

Wed, 06/27/2012 - 15:57 | 2566147 bnbdnb
bnbdnb's picture

Yes, of course. Every president inherits the previous administrations slowing growth.

Wed, 06/27/2012 - 15:42 | 2566091 midgetrannyporn
midgetrannyporn's picture

I blame Bush.

Wed, 06/27/2012 - 17:31 | 2566501 Flakmeister
Flakmeister's picture

I blame Greenspan, Rubin and Gramm.....

Wed, 06/27/2012 - 15:51 | 2566115 paulbain
paulbain's picture

Interestingly, Barclay's research report makes no mention of either inflation or interest rates. If you think that these rates are unimportant to an incumbent President's chances of re-election, then review these rates in the latter half of 1980, the last months of Jimmy Carter's presidency. They were both sky-high.

-- Paul D. Bain

paulbain@pobox.com

 

Wed, 06/27/2012 - 15:55 | 2566130 ebworthen
ebworthen's picture

"If I have swiss chesse instead of provolone on my Dagwood triple-decker ham sandwich I will lose weight."

Obamney 2012!

(brought to you by the Committee of Kleptocratic Oligarchs for the Kleptoligarchy).

Wed, 06/27/2012 - 15:53 | 2566135 Everybodys All ...
Everybodys All American's picture

If Obama can get re-elected with those numbers the nwo can't be too far off.

Wed, 06/27/2012 - 16:06 | 2566190 tony wilson
tony wilson's picture

hope all gone

change you can't believe in

the fake dreams from my fake father

all i am sayin is lets not give peace a chance

gitmo like depleted uranium cancer is for life.

barry on the Fukushima nuclear nightmare: "The Centers for Disease Control and Prevention and public health experts do not recommend people in the U.S. take precautionary measures beyond staying informed."

 

Wed, 06/27/2012 - 16:11 | 2566212 daveeemc2
daveeemc2's picture

"Forget the politicians. The politicians are put there to give you the idea that you have freedom of choice . . . you don’t. You have no choice. You have owners. They own you. They own everything. They own all the important land. They own, and control the corporations. They’ve long since bought, and paid for the Senate, the Congress, the state houses, the city halls, they got the judges in their back pockets and they own all the big media companies, so they control just about all of the news and information you get to hear. They got you by the balls. They spend billions of dollars every year lobbying . . . lobbying, to get what they want . . . Well, we know what they want. They want more for themselves and less for everybody else, but I’ll tell you what they don’t want . . . they don’t want a population of citizens capable of critical thinking. They don’t want well informed, well educated people capable of critical thinking. They’re not interested in that . . . that doesn’t help them. That’s against their interests. That’s right. They don’t want people who are smart enough to sit around a kitchen table and think about how badly they’re getting fucked by a system that threw them overboard 30 fuckin' years ago. They don’t want that. You know what they want? They want obedient workers . . . Obedient workers, people who are just smart enough to run the machines and do the paperwork. And just dumb enough to passively accept all these increasingly shittier jobs with the lower pay, the longer hours, the reduced benefits, the end of overtime and vanishing pension that disappears the minute you go to collect it, and now they’re coming for your Social Security money. They want your fuckin' retirement money. They want it back so they can give it to their criminal friends on Wall Street, and you know something? They’ll get it . . . they’ll get it all from you sooner or later cause they own this fuckin' place. It’s a big club and you ain't in it. You and I are not in The big club. By the way, it’s the same big club they use to beat you over the head with all day long when they tell you what to believe. All day long beating you over the head with their media telling you what to believe, what to think and what to buy. The table has tilted folks. The game is rigged and nobody seems to notice. Nobody seems to care. Good honest hard-working people . . . white collar, blue collar it doesn’t matter what color shirt you have on. Good honest hard-working people continue, these are people of modest means . . . continue to elect these rich cocksuckers who don’t give a fuck about you. They don’t give a fuck about you . . . they don’t give a fuck about you. They don’t care about you at all . . . at all . . . at all, and nobody seems to notice. Nobody seems to care. That’s what the owners count on. The fact that Americans will probably remain willfully ignorant of the big red, white and blue dick that’s being jammed up their assholes everyday, because the owners of this country know the truth. It’s called the American Dream cause you have to be asleep to believe it..."

Wed, 06/27/2012 - 16:45 | 2566330 TMT
TMT's picture

Our only hope is for a black swan summer and RP comes out on top.

Wed, 06/27/2012 - 16:56 | 2566375 therearetoomany...
therearetoomanyidiots's picture

Maybe there's a beginning to an end of the hi-jinx - 257 co-sponsors and no vocal opposition on passing it out of committee  - audit the fed bill moving forward:

http://thehill.com/blogs/on-the-money/economy/235055-house-panel-clears-...

 

God bless Ron Paul.  And God Bless the US.  Maybe the leaders are listening to the people.   Pooh to those who think it's lost.  

 

Of course it has to get by that fucking space alien Harry Reid.

Wed, 06/27/2012 - 16:59 | 2566393 TMT
TMT's picture

Not exactly.  Boehner first has to schedule it for a full house vote.  I would bet my left nut he won't do that.  It'll never make it to the Senate.  But, you're right, if it does Reid won't bring it to a vote.

Wed, 06/27/2012 - 17:06 | 2566422 therearetoomany...
therearetoomanyidiots's picture

Shit, you're right.  Though, I have to give ole lizzard skin a prop.   He did make positive comments on our local legend, Stan Gober, who passed away at the age of 86 due to throat cancer.   For any of you that have ever been to Stan's Idle Hour, Stan succomb last week.  

Wed, 06/27/2012 - 17:38 | 2566531 cdevidal
cdevidal's picture

As long as gas and unemployment stay at this level in November Obummer will get re-elected. The sheeple haven't got a long distance view bone in their sheepy bodies.

Wed, 06/27/2012 - 20:06 | 2566887 Duke of Con Dao
Duke of Con Dao's picture

THIEF !!!!

hate to say this but this writer ripped off his analysis from Ray Fair at Yale...

I, along with some engineers, bested Fair's model in 2004. 

yes, I do other things besides posting half assed-videos... Duke

Wed, 06/27/2012 - 20:26 | 2566936 orangegeek
orangegeek's picture

The SP500 is showing primary wave 3 down is pending.

http://bullandbearmash.com/index/sp-500/weekly/

 

It's unlikely that Obama can work his finance plan to avoid this.

 

In short, when the markets drop, Obama is out.

Wed, 06/27/2012 - 20:36 | 2566953 GreatUncle
GreatUncle's picture

Ironic really. Can you see the US economy improving in the next 5 years? Nope. Could you see the current incumbent actually being able to do alot once in power with the state of the economy? Nope on that too.

So here is the trend whoever gets into the whitehouse is going to find themselves in exactly the same position 5 years and the next election.

So when an American next asks a foreigner visiting on election day who do you think will get elected? You will get the same old answer, it will not make a bit of difference for whoever gets elected they have still inherited a posion chalice of an economy.

The only thing you can do is hold it together as best you can. Think that is about a much a Obama could ever accomplish under the circumstances.

Wed, 06/27/2012 - 21:50 | 2567108 q99x2
q99x2's picture

Presidential elections by lottery seems reasonable at this point.

Wed, 06/27/2012 - 22:46 | 2567210 IMA5U
IMA5U's picture

its all about the swing states

 

and unfortunately obamanation is gonna win those

 

4 more years of The Baktim

 http://www.urbandictionary.com/define.php?term=baktim

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