The stock markets aren't happy with the election results.

What if all the rain drops were lemon drops and gum drops?

Throughout history, there have always been enough like-minded rich people.

The March of Dimes isn't some rich family funding research into childhood paralysis. It's Jerry Lewis doing telethons raising money from the masses. Those people CHOOSE freely to donate.

 

How was nylon invented?

I think you downplay what the private sector has always done. In fact, virtually every scientific discovery before 1960 (aside from the a-bomb) was private sector.

 

There's more! Even WaPost is piling on.

http://www.washingtonpost.com/polit...a79-11e2-a051-6810d606108d_story.html?hpid=z1

Obama’s approval drops as Americans take a dimmer view of his economic policies

 

Let's see some compromise. No to the taxes. More cuts along the lines in the Ryan budget. I mean, Murray wants to cut $800B over 10 years. How about Dems stop obstructing what needs to be done and cut $3.25B (meet in the middle) in spending? Another rhetorical question: why should we pay for govt.'s reckless spending habits?

http://thehill.com/blogs/on-the-mon...udget-includes-nearly-1-trillion-in-new-taxes

Senate Democrats’ budget includes nearly $1 trillion in new taxes

Murray argues that her budget cuts $1.85 trillion from deficits over 10 years. But once the sequester cuts are turned off, Murray’s budget appears to reduce deficits by about $800 billion, using the Congressional Budget Office’s baseline. The Murray budget does not contain net spending cuts with the sequester turned off.

The details of Murray’s budget came hours after House Budget Committee Chairman Paul Ryan (R-Wis.) released his budget, which reduces tax rates and slashes spending much more deeply that Murray’s budget.

The Ryan budget would balance in 10 years without raising taxes and by reducing spending over the next decade by $5.7 trillion compared to the CBO baseline.

 

Obama should get credit for the stock market. Due to his spending, the Fed feels compelled (though independent) to keep interest rates low so the federal government isn't paying vast sums of tax revenue out as interest payments. To do so, they're printing money and buying back notes the govt. issues to borrow money. Reducing the supply of bonds increases the price which inversely decreases the yield.

Printing money causes inflation. Why wouldn't the price of stocks go up? The price of everything else seems to have gone up, too (gas, food, etc.).

To boot, with the treasury bonds paying near 0% interest, the stock market is a reasonably safe alternative to putting your savings somewhere that won't earn less than the rate of inflation.

 

How is he for the middle and lower class? Keeping them unemployed and on welfare is hardly what I'd call even humane treatment.

ObamaCare? Welcome to the DMV of health care. It is going to take many pages of ObamaCare specific forms to fill out to get treated.

 

I'm convinced he's bad for everyone. The rich may make out well now, but I can't help but look at the fiscal fundamentals of the country and see a major catastrophe coming. Obama knows it won't be on his watch, so he's living it up like there's no tomorrow.

More like 2020 there really won't be no tomorrow.

 

You never feel the pain while charging up your credit cards. Only when the bills come due.

We're paying for Bush's medicare prescription drug benefit (huge expense) now as Obama's recklessly running up the debt spending on anything else.

http://thehill.com/blogs/congress-blog/healthcare/283493-cbos-wake-up-call

However, in a remarkable example of whistling past the graveyard, the president did little to substantively address the biggest crisis we face: the federal budget.

The president needed only to look at last week’s report by the Congressional Budget Office to see the scale of the problem.

In their budget and economic outlook for 2013-2023, CBO sees near trillion-dollar annual deficits, at least $7 trillion in new debt, and more spending on interest payments on the debt ($5.4 trillion) than on Medicaid ($4.3 trillion).


http://www.thedailybeast.com/articl...t-anonymous-why-america-needs-to-act-now.html

In 2027 Medicare, Medicaid, Social Security, and interest on the debt will consume all tax revenue, according to the GAO.

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Read that last one carefully. There simply won't be any money to spend on anything else. From the military to roads to the courts.

The amount of tax hikes needed to pay for it all are going to be staggering. I can't imagine the lower class paying 85% tax rate and not revolting.

 

http://www.examiner.com/article/des...end-over-1-5-million-to-study-lesbian-obesity

Despite sequester, feds spend over $1.5 million to study lesbian obesity

(Why can't obese lesbians go to Jenny Craig like everyone else?)