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1
Remember, this is the Obama who surrendered without a peep rather than put himself on the line before Congress to get Elizabeth Warren to head up her brainchild, the Consumer Financial Protection Bureau.

If Obama had not abandoned her she wouldn't have run for Senate in the first place.
Posted by gloomy gus on November 7, 2012 at 8:24 AM · Report this
Pope Peabrain 2
Thank you to all who voted. You made the greatest nation on earth better. Now let's deal with the great gulf of inequality in incomes and rebuild the middle class. As for Netanyahu, he's put himself between a rock and an Obama.
Posted by Pope Peabrain on November 7, 2012 at 8:25 AM · Report this
3
Oh, Charles, the election is over and I am still agreeing with you. Alternate universe, no doubt.
Posted by Bugnroolet on November 7, 2012 at 8:28 AM · Report this
4
Ha Ha Ha Fuck You Karl Rove!
Posted by tshicks on November 7, 2012 at 8:41 AM · Report this
ScrawnyKayaker 5
Yep, time to write to Obama and exhort him to support the IAEA and tell Bibi to sniff farts.
Posted by ScrawnyKayaker on November 7, 2012 at 8:43 AM · Report this
7
@1 are you arguing that Elizabeth Warren would be more relevant and important as an Obama appointed federal bureaucrat than as the elected Senator of Mass? Cause 6 years as a Senator, actually making laws, seems like a whole hell of a lot more valuable.
Posted by Westside forever on November 7, 2012 at 8:51 AM · Report this
8
@7, I'm not arguing that at all. I'm a huge fan of Warren and happily contributed to her campaign. I have huge hopes for her as a senator - and beyond.

What I'm arguing against is our tendency to think Obama's somehow guaranteed to morph into the banksters' mortal foe in his second term. He wouldn't stand up for Warren against them and their pocketed Republican congresspeople in his first term, so while we can hope he will stiffen his spine now that doesn't mean we should assume he will.
Posted by gloomy gus on November 7, 2012 at 9:00 AM · Report this
ScrawnyKayaker 9
@6 No shit. If he can't/won't make the capital gains be treated as all other income, we're boned.

And how about a requirement that if you buy a stock, you have to hold it for at least TWO FUCKING SECONDS? (With a possible exception for genuine "market-making.") Can we stop pretending that too much of Wall Street is a financial video game, not part of the real economy?
Posted by ScrawnyKayaker on November 7, 2012 at 9:13 AM · Report this
The Max 10
Masters of the Univers lost? I'm confused. Is this some sort of allegorical thing? Who's Bibi then? He Man? Skeletor? Battle Cat?
Posted by The Max on November 7, 2012 at 9:21 AM · Report this
zivilisierter Wurm 11
@ Gus: We elected Neville Chamberlain rather than Joseph Goebbels - I suppose that's a reason to celebrate. But Obama's foreign and domestic security policies should disturb anyone with the vaguest interest in our rapidly eroding civil liberties. The one area where I see a modicum of hope for reform would be immigration, if only because the saner Republicans in Congress have seen the shadow of their mortality in the Latino break toward Obama.
Posted by zivilisierter Wurm http://peregrinari.tumblr.com/ on November 7, 2012 at 9:26 AM · Report this
COMTE 12
And as payback for not giving them their way, looks like the Wall Street crowd is prepared to tank the stock markets for the remainder of the week, just, you know, as a lesson to the rest of us.
Posted by COMTE on November 7, 2012 at 9:35 AM · Report this
fixo 13
@12. Some lesson--it's time to buy!
Posted by fixo on November 7, 2012 at 9:56 AM · Report this
rob! 14
@Chris, I think that's more of a reflection of economic news out of Europe today. We'll see how it goes for the rest of the week; my middle-term expectation is that markets will rightly anticipate modest prosperity over the next few years.
Posted by rob! http://www.youtube.com/watch?v=QZBdUceCL5U on November 7, 2012 at 12:05 PM · Report this
treacle 15
Uh, I don't know that the market thinks Romney is the 'dream president'. Check this link from Market Watch: "The Stock Market Loves President Obama"

There may have been a drop between last night and today, but the commentary I've seen is that it's concern about deadlock over the "fiscal cliff" than any condemnation of Obama. Obama has been great for stocks, apparently:

You could look it up. The S&P 500 has gained 76% since his inauguration in January 2009, while the Nasdaq 100 is up 128%.

Compare that to the S&P 500’s 13% decline and the Nasdaq 100’s 45% wipeout in the first term of his predecessor, George W. Bush; or the mere 25% gain in the first term of conservative icon Ronald Reagan; or even the 60% gain in the halcyon early 1990s in the first term of Bill Clinton.
Posted by treacle on November 7, 2012 at 12:45 PM · Report this

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