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nuf2bdangrus (< 20)

Republicans have thrown it away

Recs

7

November 04, 2008 – Comments (6)

Corruption, lack of oversight, appeasement to the democrats, spending, poor communications, too many elected officials caught.

 

You threw away the Reagan Revolution, and spend like old time dems.  And you wonder why you lost.

 

Now we shall bear the consequence of liberalism on a scale we have never seen.  Health care for illegals.  Loss of Australian ballot for unions.  No hope of tort reform.  

 

Obama I can live with.  Pelosi, Reid, and Durbin I can't. 

 

We shall get what we wished for.

 

This is the end of the American Empire.

 

Legislated equality for everyone means excellence for no one.  They have a place like that.  It's called Cuba.

 

I hope Obama leaves the left wing nuts in the nuthouse and governs like Clinton.

6 Comments – Post Your Own

#1) On November 04, 2008 at 11:19 PM, DemonDoug (98.84) wrote:

nuf, Obama's economic policies and even his health care policies are much closer to Clinton's than to Cuba's.  It is likely Senator Clinton will be spearheading health care reform with Obama's backing.  You don't need to hope, because after a year or two of pain, America will be back on track.

Read his policies if you haven't.  They are sensible.  They are logical.  They make sense, and they level the playing field.  Leveling the playing field means the opportunities are the same - not that the field is tilted towards any one group.

You are right about the repubs.  They tilted the playing field towards the rich and the priveledged.  The American public has voted against this type of policy.

This is long-term bullish for the market.  Obama's policies fall in line with a lot of democratic policies that have yielded significantly positive real returns on investment in the past.  Watch for the market to sell off over the next year or so, do your best to buy the bottom, sit back and collect some dividends and have fun enjoying our beautiful country.

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#2) On November 05, 2008 at 12:21 AM, awallejr (82.46) wrote:

I have to agree with Demon.  The Republicans were given their chance and they totally blew it with too much deregulation and pandering to the extreme rich.  The stock market ultimately showed you the end result. 

Obama is a very intelligent man. He now has the opportunity to actually accomplish positive things.  Time will tell if he just turns out to be a Jimmy Carter in disguise or a true leader. 

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#3) On November 05, 2008 at 12:24 AM, nuf2bdangrus (< 20) wrote:

He is a smart and capable man, and can bring people to the center that Bush never could. 

Our nation is vastly in debt, and is unable to service our current obligations without heavy borrowing.  That bodes long term ill for us.

 

If Obama casts aside some of his more left wing ideas, and listens to the excellent group of advisors around him, he may acheive great things.  For him and our country, I hope so.

 

The Republicans have tired me of abusing their call on morality and patriotism whilst allowing the hollowing out of America.  I can't stand rich CEO's whilst stockholders get screwed.  It happens every few years.

 

When they return to simpler, smaller government, a more balanced tax system, fair and reasonable regulations, a stronger push for environmentalism, reduction of dependance of foerign oil, and fiscal discipline, they will regain power.  Until then, the left now have their turn.

 

Yup, I believe 2009 or later will offer the ultimate lows, especially in the S&P.

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#4) On November 05, 2008 at 1:20 AM, lquadland10 (< 20) wrote:

And yet was it not vice pres bush Sr durin the regan years that was involved with stuff?
January 30, 2008 Reagan, the Gold Standard, and Ron Paul Posted by Lew Rockwell at January 30, 2008 10:09 PM

Once, when our Ron was invited on the other Ron's Air Force One for a flight to Houston, Ron Paul commented on Reagan's watch, which was made from a $20 gold piece. "I wish we still had that monetary system," said Ron Paul. "You know, no nation that abandoned the gold standard has remained great," said Reagan.

Ken Langston reminds me of this item from Robert Novak, quoted by the late Jude Wanniski.

"In 1986 at the height of the Iran-Contra scandal, I was President Reagan's guest at lunch in the White House. Near its end, I asked him if he ever regretted not pressing for a gold standard. 'Oh, yes,' he said. 'That would really have stabilized the economy, but..." 'Mr. President!' his chief of staff, Donald Regan, interrupted sharply. 'Oh,' said the president, with his characteristic shake of the head and half-smile, 'Don doesn't like me to talk about the gold standard.'"

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#5) On November 05, 2008 at 1:29 AM, healthpicker (< 20) wrote:

I am with the Demon as well.

Lets face reality - USA citizens have just voted for at least 8 years of USA style Socialism - it will be interesting to see what that turns out to be like. I think the rest of the world will be breathing better tonight.

Don't dispair - this type of Socialism has been going on for a while in other parts of the world.

Healthcare delivery in the USA is far too expensive. In my experience it is the best in the world from a clinical perspective but far too much dominance of clinical best practice by non clinical HMO/Insurance risk managers. 

I don't agree about the stock market bottom coming next year. I think we have seen it this year. Too many bargains out there and institutions are back buying and rebuilding.

Housing on the other hand will take at least five years to recover to today's level. So much for owning your own house in USA being part of the American dream. Ask Angelo Mozzilo (ex Countrywide) how he helped turn the dream in to a nightmare!!

You just got to by the right stocks now and hope you can retire before you die.

Happy investing.

P.S. Looking forward to see what Obama can do with the poisoned challice he has just been handed.

Regards 

 

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#6) On November 05, 2008 at 4:39 PM, nuf2bdangrus (< 20) wrote:

Bottom of market is next year.  Earnings forecasts for S&P way too high.  Unemployment will exceed 9%.  S&P must hit 600 to be a strongly favorable risk reward.  Inflation concers will arise 2009

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