It is a lousy time to be an American. Indeed, the entire future of humanity looks grim, very grim.
Somebody said once that 'elections have consequences' .....
Well now we have another lying media narrative being fed to us. The Wall Street sell-off the day after the election is because of the looming fiscal cliff. Bullshit! The cliff was there the day before the election, too! The sell-off is from the re-election of 0bama, and the extension of his disastrous economic policies.
You can fool people, but you can’t fool money.
What part of the cliff worries them? Cuts or tax increases? Both? Really I’m sure the best solution in their minds is borrowing more money and putting it off to another day. As always, it’s take the pain now, or take it later. Either way, you Wall Street junkies are going to take it along with rest of us.
Wall Street recognizes the election for what it is: welfare freeloaders with pitchforks and torches.
Boehner and Company have caved on more and more issues as B Hussein’s first term proceeded. They may not need to cave any more. The “funny, unrelated” bits of legislation tucked here and there in Obamacare may make Congress irrelevant. This will or would necessitate more Executive Orders, but since only those who must carry them out need to see them, Barry need not craft them clean and clear. He only needs to hang a corrective bullwhip on his Oval Office wall.
hello FOX NEWS Channel??? hello????? anyone there???? hello???? no answer.
Karl Denninger says “watch for market dislocations.”
http://www.youtube.com/watch?v=vyUSvy4LUZk
Now that the election is over, can defense contractors issue layoff notices?
There will be no gridlock. At the last minute, after the stock market really tanks, the kenyan POS will executive decree a debt ceiling increase and a tax hike on the evil rich. Stock market goes up, the House desends into irrelevant status.