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 Breaking News: Obama is the 44th President Elect of the USA

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PostSubject: Re: Breaking News: Obama is the 44th President Elect of the USA   Wed Nov 05, 2008 6:07 am

something like that - man this game is over - its only question of by how much now
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PostSubject: Re: Breaking News: Obama is the 44th President Elect of the USA   Wed Nov 05, 2008 6:08 am

I'm gonna wimp out.
Home to bed.
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PostSubject: Re: Breaking News: Obama is the 44th President Elect of the USA   Wed Nov 05, 2008 7:09 am

yea-heah! - Obama is president - absolutely ffing brilliant - I will soundly this morning - first bit of really good news in a long time
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PostSubject: Re: Breaking News: Obama is the 44th President Elect of the USA   Wed Nov 05, 2008 7:23 am

poor auld John McCain- great concession speech - pity it was in front of the greatest crowd of wankers on planet earth - absolutely disgraceful behaviour - the republican party have a lot of thinking to do - particularly about how to gain re-admittance to the human race.

wouldn't be holding my breath tho - Sarah Palin gets the biggest roar of the evening.
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PostSubject: Re: Breaking News: Obama is the 44th President Elect of the USA   Wed Nov 05, 2008 7:25 am

I get up early to watch the last hour and McCain is conceding - cheers
He's calming the audience so far, being quite generous.

Sky says Obama has 324 incl Florida - a clear result T.G.
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PostSubject: Re: Breaking News: Obama is the 44th President Elect of the USA   Wed Nov 05, 2008 7:27 am

they're booing Biden. McCain - "please, please..."
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PostSubject: Re: Breaking News: Obama is the 44th President Elect of the USA   Wed Nov 05, 2008 7:47 am

Fox saying that the Democrats will probably pick up an additional 25 seats approx.
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PostSubject: Re: Breaking News: Obama is the 44th President Elect of the USA   Wed Nov 05, 2008 7:49 am

Al Franken in a dead heat in the Minnesota Senate race Shocked
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PostSubject: Re: Breaking News: Obama is the 44th President Elect of the USA   Wed Nov 05, 2008 9:16 am

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PostSubject: Re: Breaking News: Obama is the 44th President Elect of the USA   Wed Nov 05, 2008 9:45 am

And a great acceptance speech too, unsurprisingly.

Not in the least bit triumphalist - if it's a sign of things to come, it bodes well for a president who's going to get on with it.

The black and reds are interesting in that photo - wonder what the significance of it is - they're all wearing it....
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PostSubject: Re: Breaking News: Obama is the 44th President Elect of the USA   Wed Nov 05, 2008 11:37 am

I suppose the black because they are mourning the Granny.
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PostSubject: Re: Breaking News: Obama is the 44th President Elect of the USA   Wed Nov 05, 2008 11:43 am

And the Red is to acknowledge the Other Side - and because they are Reds ?
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PostSubject: Re: Breaking News: Obama is the 44th President Elect of the USA   Wed Nov 05, 2008 11:44 am

I have seen this movie before where deval Patrick won Massachusetts 2 yeats ago. He was only in a few days before everyone realised what a total gobshite he was. This clown is setting up a global dissappointment of mammoth proportions. Mark my words it is downhill all the way from here. Having a look(for the last time) at the other donkey I would say that his next appointment will be with an embalmer. Lenin looks better than him and he is dead for a century.

Why anyone thinks this toolbox is good news is beyond me.
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PostSubject: Re: Breaking News: Obama is the 44th President Elect of the USA   Wed Nov 05, 2008 12:08 pm

I've put a quartet of youtube videos on the subject of oil and the dollar on that portal. The white one with the cartoon picture of America had only 600 views since April but the younglad presenting it shows the scale of the problem facing Obama in numbers and figures.

Military, Health and Welfare spending are all about a half trillion each per year. I didn't realise America had such an expensive dole system ..? Obama has little wriggle room with any of these and doesn't want to go for welfare and probably can't with health. The military spending he should curb but will he ?

What's this about half a trillion in American Treasury bonds being issued ? Will they be bought now on the wave of Hope and Elation ? Will America have to buy credit in Chinese and Yen and Rials and Euros next, instead of in Dollars ?
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PostSubject: Re: Breaking News: Obama is the 44th President Elect of the USA   Wed Nov 05, 2008 12:37 pm

Now it only remains to see how much of a disappointment he is.
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PostSubject: Re: Breaking News: Obama is the 44th President Elect of the USA   Wed Nov 05, 2008 1:18 pm

Did Greenspan ruin the Greenback ? Next thing we've to look forward to in the middle of this month when the Heads cook up some new global deal. Here's a ten-minute discussion between Max Keiser and Christian Stoffaes on the role of Greenspan in inventing the New Finance of de-regulating money management and turning the Fed into a Wall Street investment bank by overturning legal Acts intended to protect national money.



Quote :
In each case, be it the October 1987 stock crash, the 1997 Asia Crisis, the 1998 Russian state default and ensuing collapse of LTCM, to the refusal to make technical changes in Fed-controlled stock margin requirements to cool the dot.com stock bubble, to his encouragement of ARM variable rate mortgages (when he knew rates were at the bottom), Greenspan used the successive crises, most of which his widely-read commentaries and rate policies had spawned in the first place, to advance an agenda of globalization of risk and liberalization of market regulations to allow unhindered operation of the major financial institutions.

The Rolling Crises Game

This is the true significance of the crisis today unfolding in US and global capital markets. Greenspan’s 18 year tenure can be described as rolling the financial markets from successive crises into ever larger ones, to accomplish the over-riding objectives of the Money Trust guiding the Greenspan agenda. Unanswered at this juncture is whether Greenspan’s securitization revolution was a “bridge too far,” spelling the end of the dollar and of dollar financial institutions’ global dominance for decades or more to come.

Greenspan’s adamant rejection of every attempt by Congress to impose some minimal regulation on OTC derivatives trading between banks; on margin requirements on buying stock on borrowed money; his repeated support for securitization of sub-prime low quality high-risk mortgage lending; his relentless decade-long push to weaken and finally repeal Glass-Steagall restrictions on banks owning investment banks and insurance companies; his support for the Bush radical tax cuts which exploded federal deficits after 2001; his support for the privatization of the Social Security Trust Fund in order to funnel those trillions of dollars cash flow into his cronies in Wall Street finance—all this was a well-planned execution of what some today call the securitization revolution, the creation of a world of New Finance where risk would be detached from banks and spread across the globe to the point no one could identify where real risk lay.
http://www.engdahl.oilgeopolitics.net/Financial_Tsunami/The_Financial_Tsunami_Part_III/the_financial_tsunami_part_iii.HTM
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PostSubject: Re: Breaking News: Obama is the 44th President Elect of the USA   Wed Nov 05, 2008 1:19 pm

What a powerful sense of emancipation from that vote, no matter how things pan out from here. The idea of 95% turn-out in some areas is an affirmation that, if and when politicians do get us into the mire up to the chins, we will at least get our backsides down to the polling booth.

It's tested the emancipation of all adult citizens in an interesting way: a majority of male voters voted for McCain. The majority of women, African Americans and under 30s voted for Obama. The women and the black vote, along with youth, carried it. The vote also would have broken along income lines. A large majority of older white men, traditionally the group most powerful in politics, must have voted for McCain. There was virtually no disenfrachisement, apart from people disqualified because of convictions, black males being disproportionately in that group. It must be good to be an African American today and in some ways it represents a permanent change.

The acceptance speech was informative. Obama had the honesty to tell his supporters that they were not going to like much of what he is going to do. He mentioned the economy, the wars and the environment. The word "sacrifice" was used. Does that break a record for duration of feel good factor, and before the limits to "Change" are spelled out? He reverted to the coalition approach that was a strong component of his early campaign. The next thing will be to see who he appoints as his team?

The popular vote was near enough to 50-50. Obama did not get a landslide and the strength of his backing is in the economically weaker sections of the population, who are traditionally ignored in elections, and even more so in between. He had both their money and their votes. Whether they remain so influential between elections remains to be seen. I am wondering to what extent he will represent the people who voted for him, rather than those who didn't.

In Ireland, will we do better than 67% in the next election? Who are the 33% who don't vote in Ireland, and who would they vote for if they decided to turn out?

As a footnote, if Obama delivers on his promises, we will be seeing a lot fewer US FDI jobs, and these are a shaky item at best these days anyway. Interesting times ahead.
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PostSubject: Re: Breaking News: Obama is the 44th President Elect of the USA   Wed Nov 05, 2008 1:26 pm

Auditor #9 wrote:
I've put a quartet of youtube videos on the subject of oil and the dollar on that portal. The white one with the cartoon picture of America had only 600 views since April but the younglad presenting it shows the scale of the problem facing Obama in numbers and figures.

Military, Health and Welfare spending are all about a half trillion each per year. I didn't realise America had such an expensive dole system ..? Obama has little wriggle room with any of these and doesn't want to go for welfare and probably can't with health. The military spending he should curb but will he ?

What's this about half a trillion in American Treasury bonds being issued ? Will they be bought now on the wave of Hope and Elation ? Will America have to buy credit in Chinese and Yen and Rials and Euros next, instead of in Dollars ?

Obama has a mandate to tax the rich. He must do so on day 1. No later. They have had 28 years of gravy and have leeched of the work of others. He must bin all manifestations of neo-liberalist economics because neo-liberalism destroys the middle class who create most of the wealth in any properly functioning capitalist society. He must scale down and terminate the idiotic wars and declare Al-Queda to be the fiction that it is. He must roll back the restrictions on civil liberties that the cabal of liars, torturers, murderers and perjurers in the White House for the last 8 years imposed on the USA. He has a mandate for change. He must impose change with sudden impact and 100% effect. There is little time to ressurrect the nation from the ashes of destruction that is the result of 8 years of rotten, corrupt and renegade Republican rule. He and the Democratic Party must start now to deny the Republicans the political oxygen to regroup. The must deny the Republicans every opportunity to stall a program of reform. They must look to 2012 now and steer the Republicans down the cul-de-sac of Sarah Palin. They must marginalise and defeat the Republicans at every single opportunity.
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PostSubject: Re: Breaking News: Obama is the 44th President Elect of the USA   Wed Nov 05, 2008 1:35 pm

Post of the year.
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PostSubject: Re: Breaking News: Obama is the 44th President Elect of the USA   Wed Nov 05, 2008 2:00 pm

Those expecting a massive change overnight will be sorely disappointed. There are too many problems and the scope of the problems cannot be underestimated. We are in a virtual global recession; a recession that is ugly and getting uglier. BHO will not have a 100 day honeymoon. The rabid right will come out swinging from today or tomorrow. (There was one unmannerly prick on the BBC last night who more or less sums up how the rabid right will react.)

From what I have heard on various media outlets, BHO has already determined who is going to run his govt transition team, and he will be demanding a seat at the Bretton II summit on Nov 17th. He's already making the right decisions. He needs to be on the ball. Having robbed the nation of billions of dollars, the Wall Street bankers will try and rob the silverware before they go. God only knows what Bush/Cheney might do before Jan 20th.

I must give grudging respect to McCain. Several times during the primaries and the presidential election he has show integrity and honesty. His defeat speech was another example.

As for Palin, when she goes bear hunting, I will be rooting for the bears. Come on you grizzlies.

I'm fairly lucky in that several times in the past I, along with our community, have experienced the thrill of election victory against what seemed the odds and the established notions of the day. However, the thrill of election victory is very hard to turn into political policy and change. BHO has several formidable obstacles barring his path. I hope he can overcome some of them in order to better the lot of his nation and maybe have a positive influence on world events. There are many dark days before him and his nation, but he seems like someone who will roll up his sleeves and try to do the work.

But for today, I choose to believe its an early santa .
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PostSubject: Re: Breaking News: Obama is the 44th President Elect of the USA   Wed Nov 05, 2008 3:24 pm

I agree with a lot of what you say Rocky, and time is not on his side. He needs to put through a massive legislative reform programme through Congress while it is under Democratic control so the first six months of the first 2 years are massively important. There is no doubt in my mind that he must tax the rich and do so in a proportionately effective way. This incliudes closing loopholes for corporations who bilk large subsidies from the federal government while making huge profits and using anomalies in the federal tax code to pay virtually no tax. He must also be aware of how perception plays and how people will answer the question in 2012 "Am I better off today than I was 4 years ago?" But most of all he needs to attack the Republicans at every move. He and his Party must concentrate on making the Republicans unelectable in 2012. Because it will unquestionably require more than one term in office to repair the damage and recover from the destruction caused by this appalling administration.
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PostSubject: Re: Breaking News: Obama is the 44th President Elect of the USA   Wed Nov 05, 2008 5:32 pm

Wall St. just opened ...
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PostSubject: Re: Breaking News: Obama is the 44th President Elect of the USA   Wed Nov 05, 2008 5:45 pm

This victory is trly amazinf for Obama, 343 electoral college votes is some feat and he is likely to be a two-term president because of it. Indiana and Virginia are some prizes and they've solidified their grip on Congress and, at the end of Obama's 8 years, they'll have the Supreme Court too.

This is all very like The West Wing's Santos v Vinick campaign. They had it sussed years ago.

I'm sad it isn't Clinton taking to the podium as president-elect, but politics is the art of the possible and we must be pragmatic. I look forward to her taking the secretary of health and finally fixing the broken health system in the US.

All in all, a good night, I'm loving this first day of a world without Bush having the mandate to rule the US. It's a new dawn, it's a new day and I'm feeling good!

cheers cheers cheers cheers cheers
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PostSubject: Re: Breaking News: Obama is the 44th President Elect of the USA   Wed Nov 05, 2008 6:40 pm

Well, wake me up if he gets the US to ratify Kyoto.
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PostSubject: Re: Breaking News: Obama is the 44th President Elect of the USA   Wed Nov 05, 2008 6:43 pm

I don't think Clinton would have won that one. They wanted Obama.
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