Post Election Blues: Dow -176pts, Nasdaq -39, S&P500 -21

[spdrun]

Please buy spdrun. The more the better. Might want to buy on margin too.

I’ll wait till this little lemmingfest is over, then I shall. Obama’s just a president, not a demigod or demon. Unless he starts dropping H-bombs, the world won’t end.

In fact, the world and environment is probably better off for not having Romney for US President. Obama is more likely to address climate issues rather than sacrificing them on the altar of the economy.

[no_such_reality]

[quote=spdrun]

Please buy spdrun. The more the better. Might want to buy on margin too.

I’ll wait till this little lemmingfest is over, then I shall. Obama’s just a president, not a demigod or demon. Unless he starts dropping H-bombs, the world won’t end.

In fact, the world and environment is probably better off for not having Romney for US President. Obama is more likely to address climate issues rather than sacrificing them on the altar of the economy.[/quote]

Actually, at a national level, we still have the same paralysis as before.

[spdrun]

Then we’re not any worse off. *shrug*

[an]

[quote=spdrun]I’ll wait till this little lemmingfest is over, then I shall. Obama’s just a president, not a demigod or demon. Unless he starts dropping H-bombs, the world won’t end.

In fact, the world and environment is probably better off for not having Romney for US President. Obama is more likely to address climate issues rather than sacrificing them on the altar of the economy.[/quote]
So, said lemming can sell today and when the lemmingfest is over, said lemming can buy when you buy. Would that make said lemming a lemming?

Who’s saying Obama is a demigod or a demon? But I’ve said we can probably expect the next 2-4 years to be like the past 2 years. I.E. nothing going on. So, no, the world won’t end, but who ever said it would besides you?

Addressing climate issue? Yeah, I’ll believe it when we can get China and India to stop growing. Those two combined have a population that’s 10x us. Even if we cut our emission by 100%, if they increase their emission by 10%, we’ve gone nowhere.

[an]

[quote=spdrun]Oh please. Have you actually seen how the average family on welfare lives?

Really the only thing that’s changing is that the playing field for health insurance is being leveled between the self-employed, small businesses, and large conglomerates. This is a good thing for capitalism and free-enterprise, since people will be more free to walk off and start their own businesses – immobility of labor due to insurance or other considerations is a bad thing.[/quote]
Yes, I know a few. Do you?

[Aecetia]

“The owner of Olive Garden and Red Lobster restaurants is putting more workers on part-time status in a test aimed at limiting costs from President Barack Obama’s health care law.”

http://www.cbsnews.com/8301-505125_162-57529086/health-changes-spur-test-of-more-part-time-workers/

More change, less hope as we go forward.

[no_such_reality]

[quote=spdrun]Oh please. Have you actually seen how the average family on welfare lives?

Really the only thing that’s changing is that the playing field for health insurance is being leveled between the self-employed, small businesses, and large conglomerates. This is a good thing for capitalism and free-enterprise, since people will be more free to walk off and start their own businesses – immobility of labor due to insurance or other considerations is a bad thing.[/quote]

Yep, even as I RINO, I could see that imperfect as it is, Obamacare will free people from being shackled to employers. And that is good for the economy.

As for welfare living… I’ve see a wide range of reports, from the percentage of them with cable premium channels and big screen LCD TVs and smartphones to those standing in line at the grocery store desperately trying to figure out how to get milk AND cereal…

Interestingly, my Spanish still isn’t good enough to keep up with the excited talking of the work crew at the McDonalds. I have a affliction for a morning McMuffin. Today is the first time in over a year that I’ve seen excitement on the parts of the work crew. The few words I did catch were clear. Prop 32, prop 30, Obama…

So in the end, one positive is that at least the people I see working regularly, are still hopeful. I just hope they know what they’re getting

[The-Shoveler]

[quote=AN]
Addressing climate issue? Yeah, I’ll believe it when we can get China and India to stop growing. Those two combined have a population that’s 10x us. Even if we cut our emission by 100%, if they increase their emission by 10%, we’ve gone nowhere.[/quote]

Really I think If you have not been to China in the last few years to see it for yourself, you really don’t fully grasp it.

[an]

[quote=The-Shoveler]Really I think If you have not been to China in the last few years to see it for yourself, you really don’t fully grasp it.[/quote]
You’re right, I haven’t been to China or India. I was just stating the population fact. Are you saying they’re not going to grow and increase energy consumption? Please educate me, since you’ve been to China recently. Are they in a huge bubble and their economy will crash and burn?

[spdrun]

Really I think If you have not been to China in the last few years to see it for yourself, you really don’t fully grasp it.

China is burning a lot of coal FOR NOW. They’re also heavily invested in nuclear tech and renewables. Unlike the US, they don’t have a NIMBY limo-liberal-whiny-bytch-lawyer problem, so they’re actually building out infrastructure.

[The-Shoveler]

[quote=AN][quote=The-Shoveler]Really I think If you have not been to China in the last few years to see it for yourself, you really don’t fully grasp it.[/quote]

You’re right, I haven’t been to China or India. I was just stating the population fact. Are you saying they’re not going to grow and increase energy consumption? Please educate me, since you’ve been to China recently. Are they in a huge bubble and their economy will crash and burn?[/quote]
What I was saying is you are correct, in that our efforts at limiting climate change are ridiculously funny when you see the growth that is occurring in china that will simply just bury anything that we can accomplish in this regard.

Will their economy crash and burn, hard to say, I do know they know how to print and spend money and that their real inflation is probably close to 10-15%, retiree’s used to get about 3-400 yuan a few years ago now get 3-4000 yuan a month. And public infrastructure spending is through the roof !!

We know how to print money, we just don’t know how to increases wage inflation, if we did our housing bubble would not have crashed just like theirs is not crashing.

Will they be able to continue ? I have no Idea.

[Coronita]

[quote=AN][quote=flu]My neighbor that runs a dental practice has some interesting thing. He was trying to hire a office helper, and the office helper basically declined the job. According to him, she stated she wanted to finish her extended unemployment benefits before starting a new job…. Yup…….definitely going greek in this country….[/quote]
What do people think would happen? Why work when you’re getting paid to not work. Especially when working doesn’t get you much more. Most people will find ways to work the least for the amount of money they need.[/quote]

Well I just found it ironic… See, when I went on medical, the only thing I could think about was trying to get back to work and being as productive as I can as fast as I can…

And then their is this person who obviously has the opposite strategy..And yet, same people probably complain about being outsourced….I don’t get it…Oh well, not my problem….

[Coronita]

In other news… Meanwhile qualcomm might actually be a good buy after today…

[no_such_reality]

That’s because you make bank.

The office helper, well, she/he doesn’t make bank.

If she had been at a prior job a while, she probably was making $14-$16/hour. As a new hire, maybe part time, she’s going to make $10-$12/hour.

So UE benefits are about $320/week.

Or work 40 hours for $480, of which “taxes” likely withhold $120 leaving you with $360. From that you need gas money, etc.

[Coronita]

[quote=no_such_reality]That’s because you make bank.

The office helper, well, she/he doesn’t make bank.

If she had been at a prior job a while, she probably was making $14-$16/hour. As a new hire, maybe part time, she’s going to make $10-$12/hour.

So UE benefits are about $320/week.

Or work 40 hours for $480, of which “taxes” likely withhold $120 leaving you with $360. From that you need gas money, etc.[/quote]

So translation.. I guess it’s just better to be unemployed as long as you can….Makes sense to me….

[Author]

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