The Morning Answers “Never”

Well, the voters spoke.

A thin majority said “give me things I want, and make someone else pay for it!”.

Message received.

Biggest Winners

  • Government Dependents:  Government workers, public employees union members, clients of all types who live off of wealth generated by others?  You’ve got four years of party time.
  • The Media:  The media, in Minnesota and elsewhere, compiled a shameful record in this past election.  From CBS spiking the story that President Obama knew Benghazi was a terror attack almost from moment one to the Minnesota press’ silence on the local consequences of Obamacare’s medical device tax (which is shipping jobs to India via FedEx even as we speak) to its complete pass on Mark Dayton’s past, his record, his mental health and the people who support him, the press found its new purpose.  It may be dying on the open market – but the media still has a role; the Democrats’ Praetorian Guard.  The media polling and “fact check” industries, in particular, dropped all pretense of “journalism” and became unvarnished cheerleaders for the left.
  • Plutocrats And Their Lackeys:  Make no mistake about it – Minnesota’s biggest winner last night was Alida Messinger.  They won by pouring bottomless pits of money – inherited from robber barons and extorted from employees alike – into gulling…
  • Low-Information Voters:  From the lefty tweeps who babbled about “Romney’s Tax Returns”, to Sandra Fluke’s whinging about a non-existant war on women, to every single voter that still believes the economy is George W. Bush’s fault – and there were many of them – last night was a resounding victory for remedial America.

Biggers Losers

  • Atlas:  The parts of America that actually produce things – from the Minnesota Third Congressional District, where Erik Paulsen crushed Brian Barnes, and the Sixth, where Michele Bachmann seems to have held off a well-funded challenger with hair that defies physics – to the entire US-281 corridor from North Dakota down through Texas, the parts of America and Minnesota that actually create wealth, productivity, energy, are going to be hamstrung with ever-more-onerous regulations and ever-higher taxes.  We are one chamber of Congress away from being France.
  • Our Grandchildren:  My three grandchildren, between them, are $650,000 in debt. So far.  And, by the way, counting. Have a great life, kids.
  • Freedom:  P. J. O’Rourke – who’d be rolling in his grave today if he were dead – once said conservatives see freedom in terms of speech, religion, press, assembly, association, thought.  Liberals see it as the freedom to wave their privates about and be free of consequences.  Expect Janet Napolitano’s Department of Homeland Security to become an even more-egregious enforcer of political correctness disguised as safety.
  • Grassroots Politics: This race was a huge win for big-money out-of-state interests over home-grown candidates with grass-roots support.  When the brilliant Stacey Stout, who knocked every single door in her open district twice, can lose to a toxic stiff like Peter Fischer, who campaigned like his mother-in-law’s life depended on it and was supported only by a wave of out-of-district money, you know there’s a problem.
  • The Victims of Benghazi And Juarez: The truth about both of these episodes – a cynical election-eve cover-up and an even more cynical use of government power to prop up Administration social policy that backfired, killing hundreds – will be that much longer in coming out.
  • The Entire American Ideal:  This nation was once a “free association of equals”.  No longer.  Today, the US is “a group of managed outcomes”.
  • Our Future:  It’s virtually inevitable that the US will now charge blithely over the fiscal cliff, without even the faintest bit of interest at the executive and half the legislative level.  At least Greece and Spain had a Germany to run to to ask for a bailout.  Who does the world’s largest economy ask for help?  Read up on your Weimar German history if you’re missing the point, here.

74 thoughts on “The Morning Answers “Never”

  1. A thin majority said “give me things I want, and make someone else pay for it!”.

    Not sure that’s what they were saying. Most I talked to were saying they didn’t like gridlock, shutdowns, extremist ideology-bound candidates, government overreach with nonsensical constitutional amendments while they wanted the focus to be on jobs and the economy.

    Bachmann barely hung on to her seat. In a slam-dunk Republican district I think they were saying they want someone who isn’t a nutcase representing them, for starters.

    Cravaack is another story, but again, voters just tired of the run too far to the right in Minnesota.

    Koch, Brodkorb, financial irresponsibility of the MN Republican party (Sutton), etc. did not help the cause. MN Republicans need a major retooling at this point.

    Erhardt’s win in Edina (as one of the override six, he was vilified by his own Republican party) should tell you something. Here’s how he campaigned:

    I want to get the Legislature back to the era where we can compromise and get things done,” he tells one resident and then adds, “I was a moderate Republican but I’m running as a Democrat.”

  2. Most I talked to were saying they didn’t like gridlock, shutdowns, extremist ideology-bound candidates, government overreach with nonsensical constitutional amendments while they wanted the focus to be on jobs and the economy.

    So why the hell did they reelect Obama, who’s done nothing but divide the country, who hasn’t met with Republicans in almost a year, and who is threatening to shut down the government to get his tax hike on the rich?

    Sorry, doesn’t fly logically. Try again.

  3. “So why the hell did they reelect Obama, who’s done nothing but divide the country, who hasn’t met with Republicans in almost a year, and who is threatening to shut down the government to get his tax hike on the rich?”

    Actually it was Republicans who threatened a shut down at federal level (remember the debt ceiling stranglehold they put on him?). That’s what most people remember. Before the TEA party invasion the debt ceiling votes were routine and unopposed for the most part. Just business as usual. Suddenly everything became obstructionist, even normally routine business, after the TEA partiers came in 2010. McConnell announced that the #1 priority was making sure Obama was a one-term president. The Democrats took this obstructionist message and ran it for all it was worth (smart politics). Republicans image became one of not caring about the American people and if the economy suffered to make Obama look bad and them win an election, well then so be it. They began to look like mini-Stalinists, people who didn’t care about how many suffered as long as it meant they would gain the power. That kind of attitude doesn’t generally sit well with the American middle class and the moderate/swing voters.

    Romney tried to run to center at the end, but too late to change the perception (shake the etch-a-sketch).

  4. I’m just really glad that the St. Paul Schools have been saved! Because the difference between the $17,000.00 they were spending to not educate our kids and the $17,100.00 they will now spend is everything I tell you.

    I’m off to watch some Milton Friedman videos. I’m never gonna give up.

  5. I do hope that the dipshit Republicans that decided to put gay marriage on the ballot will knock that off. They weren’t going to win anyway, but nice job energizing the opposition.

  6. Romney had other problems as well (couldn’t release his taxes because he hadn’t paid any for many years, 47% gaffe, his enormous wealth worked against him with middle class, couldn’t capture minority/hispanic vote, appearance of being anti-women (“binders of women”), etc, etc).

    Look at the parties last night for the major candidates. The Republican room is all white, aging. The Democrats look like America — a range of ethnicity, age, etc.

    Republican tent is shrinking. Lots of problems, but this is an opportunity for new leadership and changes for that party.

  7. “They weren’t going to win anyway, but nice job energizing the opposition.”

    Between this and the photo ID amendment they really fired up Democrats. Good job!

  8. Some very surprising results. At first I thought I was dreaming when I looked at the paper this morning. Then I accidentally dropped it and it fell to the ceiling.

  9. sanity, yes, the 47% remark was wrong. He should have said 51% of society consists of leachers.

  10. I’ll keep this short. The election gave these lessons for the Republicans.

    1. Less revolution, more retail. People are worried about other things right now.

    2. If the poor had power they would not be poor. Chill on the “handouts” thing, its just a mental salve and it makes you look heartless.

    3. Tell your neanderthal faction to STFU when it comes to women and rape.

  11. I call it a draw. In MN conservative issues flopped, but it was not so everywhere. Obama has no mandate. The GOP has the House, and the Democrats do not have a super majority in the Senate. Pro-union measures failed across the country.
    I think that there are still some people — a bare majority, perhaps — who do not understand that our current economic stagnation is a result of policies that discourage investment. Maybe that lesson will be learned in another two years or four years.

  12. Irony abounds in this post. You complained that President Obama blamed Bush for the economy … now you blame others for rejecting the Republican message on both a state and federal level.

    It would be more productive if you looked at why your party’s political agenda and candidates couldn’t gain traction. But as a Democrat, I’m more than content with your fuming and blaming others without looking internally and deciding how to change your party and candidates to appeal on a broader basis.

    Please keep your national primary system which requires a “true believer” who then has to moderate his/her position to even have a chance to win the general election. Please continue to drum out “RINOs” who fail to toe the “true believer” line. Please don’t modify your social agenda which is divisive and uncompromising.

    And, Mitch, never ever stop insulting the motives and intellectual abilities of those who don’t agree with you. Just preach to your other true believers and belittle those who haven’t seen the light your way.

  13. Irony abounds in this post. You complained that President Obama blamed Bush for the economy … now you blame others for rejecting the Republican message on both a state and federal level.

    Yep. Perhaps you’ve noticed; I don’t set policy.

    It would be more productive if you looked at why your party’s political agenda and candidates couldn’t gain traction. But as a Democrat, I’m more than content with your fuming and blaming others without looking internally and deciding how to change your party and candidates to appeal on a broader basis.

    Oh, I’ll be looking internally all right.

    And the last people whose counsel I’ll seek in fixing my party are the other side. Sorry, Rick. You are not qualified.

    Please keep your national primary system which requires a “true believer” who then has to moderate his/her position to even have a chance to win the general election.

    Er, caucus system, you mean?

    And, Mitch, never ever stop insulting the motives and intellectual abilities of those who don’t agree with you. Just preach to your other true believers and belittle those who haven’t seen the light your way

    By your leave.

    No, Rick, while as a libertarian-conservative I don’t entirely disagree that the battle for social policy probably is lost in the public sphere, the attack on the Democrat reliance on the low-information voter is utterly accurate.

    Voting for tax-and-spenders who ignore the onrushing fiscal cliff deserves to be mocked as stupidity. It is stupid. Saying “Oh, it’s really OK” as the dollar devalues to zero and our economy is destroyed serves what purpose? Making the “less gifted” feel better as they wait on the bread line?

  14. Seriously, Rick – where am I wrong?

    What was the Obama campaign?
    – Mitt’s a plutocrat!
    – Vote to protect your lady parts! (direct quote)
    – It’s still Bush’s fault!

    That about sums it up.

  15. Well, InSanity, Bill Haverberg and Rick, you may want to hope that you keep your jobs, because we are already seeing the results of this travesty. The market is down over 200 and gas jumped to $3.35. But, keep doing your happy dances and revel in your hypocrisy. When it’s OK for Amy “Rubber Stamp for Obama” Klobuchar, commits professional malfeasance by not prosecuting Tom Petters, yet takes a boat load of money from him, when your neanderthal faction vandalizes vehicles and property of those who don’t agree with them and when your incompetent Governor cries that the rich must pay more, while hiding the trust fund money, earned by his previous generations off the backs of the 1%, you definitely hypocrites!

  16. One more thing to you CD8 mine workers that voted for has been Rick Nolan; you might as well find another gig, because PolyMet will shut down. They are fed up with the Dems and their environazi buddies putting every road block they can to mining up there. They own the land and have the money to wait it out, so if the jerk offs in St. Paul don’t want the mineral royalties and want to make their useful idiots suffer, it’s no skin off their noses. Funny how they still can’t figure out that their political heroes use them in every election cycle to get elected, collect fat pay checks and benefits, then screw them over!

  17. What does this election mean to Minnesotans?

    Dayton and the DFL will get the tax and spending increases they want.

    It will be interesting to see what they predict for growth over the next two years.

    Will Business expand here, or will they continue to either fail or leave?

  18. “Will Business expand here, or will they continue to either fail or leave?”

    Well, we probably can’t do worse than Wisconsin. They have Hitler over there, and they are 50th in the nation in job growth lately.

  19. Terry, I think that Sanity was referring to the Dean of the University of Moscow, I mean Wisconsin.

  20. “They have Hitler over there”

    You do that ever again, and I”m changing your display name to “Dementia”.

    No, I’m not joking.

  21. PJKelly: amen; please to g*d the Repubs drop the gay marriage and the rape doesn’t cause pregnancy crap.

    Bill Haverberg: I agree with your 2 and 3, but not sure what you mean about more retail?

    Sanity: two classic lefty responses from you: 1. when asked what will happen to growth in Minn, you change the subject to Wisconsin. 2. Godwins Law: is that really Hitler, you douche? Are they running a pogrom over there, genocide on a race of people? Really, is that what lefties are about, calling opponents Hitler? You are pathetic.

  22. To all the lefties posting here: do you think our economy is going to improve? Because I think the economy is headed into the s*****r, because of the impending leftwing policies. If I am wrong I will admit so.

    If you are wrong, will you so admit here on this blog?

    Or will you just continue to blame Bush, and the “rich”?

  23. I think I know why the left is crowing about this win today. They know, somewhere deep inside, something they can’t acknowledge openly yet, that the economy is not going to improve under the Dems. So they are just enjoying what little this victory represents to them: a chance to gloat.

  24. Median GDP / economic growth since 1949: under Democrats is .4.2%, under Republican administrations it is 2.4% – per the Boston Globe’s reporting of what appears to be a very credible analysis. Romney was not persuasive he would do for the economy what he said he would, and the right wing give-the-money-to-the-rich job creators is clearly an epic failure.

    The right wing culture war on women that you keep trying to deny, and the party’s extremist position on abortion has alienated a lot of people, especially women. You can’t pass legislation that allows doctors to lie to women about their health as a matter of the conscience of the doctor, or unnecessary invasive ultrasounds, or mandate lying to women about the non-existent relationship between abortion and breast cancer, ad nauseum, or repeal equal pay legislation, or redefine rape or fail to support the violence against women act, or require a woman get the approval of her employer to have her contraception paid for by insurance and NOT be perceived correctly as waging war on women.

    And you are not going to get Hispanics to vote for you when you plan to make their lives so miserable they self-deport. You won’t be getting blacks or other people of color to vote for you when you have people at rally’s wearing t-shirts that say ‘it’s the white house’.

    You have crappy policies and a terrible party platform. THAT is why you lost. What you want to do will put the country in the crapper.

    We blame Dubya and his neocons because they were a disaster on wheels, as were the Republican policies before Dubya, like the repeal of Glass Steagall.

    It is not at all because of how you characterize what people want, but the fact that you fail to understand that is part of the reason your party lost…….and will continue to lose, if you don’t change it.

    You are not the party of ideas, you are the party of corporations, not the people of this country. You lose.

    But if you don’t believe me – try it again, and you will lose again.

    You should not have waged culture war with your win in 2010 – you were the victim of your own hubris and overreach.

  25. A thin majority said “give me things I want, and make someone else pay for it!”.

    “Pimps, whores, welfare brats, & their soulless supporters” who now have “a president to destroy America.”
    “What subhuman varmint believes others must pay for their obesity, booze, cellphones, birth control, abortions, & lives”? – Ted Nugent post-election tweets.

    InSanity, Bill Haverberg and Rick, revel in the thought we’re very-very close to the tipping point where there will nothing left to take from those that produce.

  26. On a local level, since the MN houses flipped back to DFL, I have a $10 bet going that Item #1 on the agenda of the next legislative session will be a bill legalizing gay marriage. I might have overplayed my hand with “item #1” and “Dayton will sign it the next day”, but I do think it will be, if not item #1, heard on Day 1.

  27. Sannity has it right. The far right lurch and arrogance of the republican leadership killed them. Trying to legislate by constitutional ammendment, and claiming to be fiscaly responsible while bankrupting the party and using state resources to fund an internal squabble was too much. Rather than solidify their victories of 2010, they galvanized the DFL with the constitutional ammendments, spent all their money on uneccessary issues and refused to listen to the people. The only good thing to come of this is that the most petulant man in Minnesota politics, Kurt Zellers, was thououghly reputiated. His career as a force in Minnesota politics is over! Ding dong the Witch is dead. The Dead Right Republicans once again got smacked down. They are to the right in philosophy, correct in their purity, and they are absolutely dead in the water with no help in sight. They’re right, and they are dead. DEAD RIGHT!

    When you get out of the echo chamber and muzzle the dogs, get back to me. Until then enjoy your death march to oblivion.

  28. Well, we probably can’t do worse than Wisconsin. They have Hitler over there, and they are 50th in the nation in job growth lately.

    Well, we have pure DFL here and our neighbors have pure Republican control. The next two years will be a chance for your side to prove that DFL ministrations work better than Republican policy. Get to it.

  29. So DG mentions a “study” that so backs up her point that, um, she doesn’t link it.

    Okay.

    Wonder what doggie will say in 6 months when our economy is in the s*****r?

    I know: it was Bush’s fault, that and the greedy 1%.

  30. Mr D, that goes for Cali (where I live) and the whole country. Dems have had the Senate since 2007, the White House since 2008, and now the ball is in their court. Whither our economy? We’ll see. The only thing I can guarantee is that they will not accept responsibility if it goes bad. I’d rather the economy do really well, but if it goes bad, the silver lining will be listening to the lefties explain why it wasn’t their fault.

  31. Two things

    1. If someone doesn’t punch Brodkorb right in his pie hole, I will have lost what little respect I still have for the MNGOP

    2. Thank God I moved.

  32. Face it: American capitalism, as it has evolved since 1980, has alienated a good portion of the voters, this year a bit more than 50%.
    If you are a person with no more than average talent or ambition, what does the American economy offer you? A lifetime of dead-end jobs with no benefits, followed by a retirement on SS benefits alone?

  33. Well BossHoss, since you called my name out:

    You said: Well, InSanity, Bill Haverberg and Rick, you may want to hope that you keep your jobs, because we are already seeing the results of this travesty. The market is down over 200 and gas jumped to $3.35. But, keep doing your happy dances and revel in your hypocrisy.

    I say: Actually, the Washington Post reports that oil prices are down 1.8 percent as of Wednesday morning. If gas prices are up, it may be due to other factors.

    They also report there was little correlation between polls and the market. For example, Mitt Romney’s surge after the first presidential debate prompted no similar surge in stock prices.

    There is new concern over a key Greek vote on austerity measures, which threatens a new wave of crisis in Europe. Investors Business Daily also cites ECB President Mario Draghi’s comment’s that the eurozone’s economy is expected to remain weak. All sources, however state the primary cause for concern is the fiscal cliff and the inability to come to compromise.

    Asian and European markets briefly rose after announcement of Obama’s relection, but later fell for the other reasons cited.

    The Economist endorsed Obama on November 3, with a rather pithy “America could do better than Barack Obama; sadly, Mitt Romney does not fit the bill”.

    You said: When it’s OK for Amy “Rubber Stamp for Obama” Klobuchar, commits professional malfeasance by not prosecuting Tom Petters, yet takes a boat load of money from him.

    I say: The allegations came from Richard Hettler, who was charged and plead guilty to theft by swindle and felony non-support of a child.

    Doug Kelly, a Republican who ran for Minnesota governor and currently the Trustee in the Petters bankruptcy case begs to disagree. He also states Klobuchar handled the return of all Petters campaign contributions “honorably.”

    The Hennepin County Attorney’s Office begs to disagree. They were never presented with any evidence of criminal activity by Petters.

    The U.S. Attorney’s Office begs to disagree, as they only learned of the allegations against him when a witness came forward in 2008.

    In 2008, Klobuchar was serving her first term in the U.S. Senate after being elected in 2006. The allegations against Peters came to light in 2008. Do the math.
    (sourcing from WCCO, mpr, statement from the Hennepin County attorney’s office, U.S. Attorney’s office)

    You say: when your neanderthal faction vandalizes vehicles and property of those who don’t agree with them

    I say: There will always be idiots. No side has a monopoly on them.

    You say: and when your incompetent Governor cries that the rich must pay more, while hiding the trust fund money,

    I say: According to Mark’s financial advisor, his father’s trust, of which Mark is currently a beneficiary, has no holdings in the Cayman Islands or British Virgin Islands. Furthermore, all income from the trust distributed to Mark is fully taxable in Minnesota.

    When asked by a reporter at a recent news conference about the family trust, Dayton had said that he had no control over it but that the arrangement was in the process of being changed. The trust had been handled by his father. (minnpost)

    My analysis: Dayton probably wasn’t tracking (or caring) how the trust was being invested because he dad was handling it. When it became politically inconvenient, he got control and shifted the funds. That makes him no better or worse than anyone else in that regard, but at least he’s not bragging about it (Romney) or refusing to disclose his tax statement (Emmer, Tom Horn [his challengers for the Governor’s office].

    You say: earned by his previous generations off the backs of the 1%, you definitely hypocrites!

    I say: [snark comment redacted].

  34. Terry SSI will either significantly change or it will go bankrupt in the very near future.

    The longer we as a Nation keep putting off reforms the worse the reforms will be.

  35. They also report there was little correlation between polls and the market.
    That’s just dumb, Haverberg. The market took a dump because investors looked at the election results and saw deadlock — no dealing with the fiscal cliff, not extension of the Bush tax cuts.

  36. “I say: Actually, the Washington Post… report(ed) there was little correlation between polls and the market.”

    Oh well then, if the Washington Post has reported that then gosh, it MUST be true.

  37. jpmn —
    I agree. A vote for Obama is not a vote for prosperity, but to many voters, neither was a vote for Romney.
    I’m serious. If you are person of average intelligence and average ambition, what did Romney offer you that Obama didn’t?

  38. “If you are person of average intelligence and average ambition……”

    Sounds like the 50% that were hoodwinked by the Messia. Bet we’ll throw some more money at education, not to help bring up the average, but as payback to the NEA.

  39. Bill Haverberg said:

    “There will always be idiots. No side has a monopoly on them.”

    And some of them blather on and on in blog comment sections about “stuff they think they know” and take themselves far too seriously.

  40. “Median GDP / economic growth since 1949: under Democrats is .4.2%, under Republican administrations it is 2.4% – per the Boston Globe’s reporting of what appears to be a very credible analysis.”
    Dog Gone’s ability to determine what is and what is not a credible analysis is extremely limited.
    She does not understand that correlation is not causation. She does not understand the principle of necessary but insufficient causes. She finds that whatever she wants to believe is credible.
    You may remember that after the Sep. 11 Bengazi terrorist attack she believed the line about it being a spontaneous demonstration about some youtube video rather than a coordinated terrorist attack by Al Qaida.
    I will refer you to this feeble-minded comment Dog Gone wrote here Sept. 13:

    There is every indication that this was not an act in Libya dating to 9/10.
    What we don’t know is if the Libyan terrorists, taking advantage of the government still reorganizing knew or did not know that our ambassador would be at the consulate.
    What we DO know is that the right wing extremists planned the movie to provoke protests, and appear to have engaged in promoting it to those most likely to be manipulated into a response, by subsequently translating the overdubbed dialog into Egyptian arabic, and calling it to their attention, apparently intending to provoke a 9/11 response.
    And the righties you conservatives embrace and include are apparently considering their film successful, and boast that they anticipated and planned for the protests at our embassies across the middle east and other Muslim countries. They got the fool fraud Terry Jones to help them do it, not that he has ever needed much encouragement to put our citizens abroad in harm’s way.

    . . .

    I think it would be poetic justice, after holding the film makers accountable for their efforts to incite insurrection against our government to in turn extradite them to the middle east for a little rough justice there, since they like that violence so very much.

    http://www.shotinthedark.info/wp/?p=30407&cpage=1#comment-105254

  41. Here’s Doggone’s take: Median GDP / economic growth since 1949: under Democrats is .4.2%, under Republican administrations it is 2.4% – per the Boston Globe’s reporting of what appears to be a very credible analysis. Romney was not persuasive he would do for the economy what he said he would, and the right wing give-the-money-to-the-rich job creators is clearly an epic failure.

    Now GDP is not the only measure of economic success, nor is it the only way to grade an administration. But since Doggy was quoting, I wanted to test the hypothesis that the way to tell if a liberal is lying is to see if his lips are moving. Sure enough, when I went to a credible source and crunched the numbers http://www.bea.gov/national/index.htm#gdp
    (That is the US government, Doggy)
    I learned that the average change in GDP for the years 1949-2011 was 6.8 under Democrats and 6.3 under Republicans. So the Globe is mistaken or lying. I’ll be charitable. You’re mistaken. The change in GDP under Carter averaged 11.2 %. Those were years of terrible inflation, not cured until Carter was retired and Reagan came into office. So GDP can be misleading as an index of economic health. Since the dogs are still going to be barking when they read this, lets compare Bushitler with “The One”. Remember that W “inherited” the dot-com bust from Clinton. And the numbers: Bush 4.66% per year. Obonga 1.87% per year. Sucks to be an affirmative action baby.

  42. Golfdoc, Dog Gone might have been referring to real GDP growth rather than nominal GDP growth, but she didn’t leave a link, so we have to guess.
    Here’s the way an intelligent person (me) would look at such a study:
    The start date was 1949. Why? Democrat redistributionist policies began with Wilson, and FDR, not the 2nd Truman term.
    The ability of liberals — including our president — to understand economics is abysmal. When it comes to macro and micro, the principles that drive growth are the same.
    Person A earns $50k/year. He sets aside $10k of that for investment. After analyzing his needs for return and security, he invests $5k on T bills and invests the other $5k in a high-risk, high-return mutual fund. Person A is managing his money using conservative principles.
    Person B earns $50k/year. Person B saves nothing. Instead, every year, he borrows $10K at a rate that varies with the rate charged for T bills. He uses the $10k to buy a solar energy system that saves him $1k/year on electricity. Service on the debt costs 1.1k/year. Person B is managing his money using liberal principles.

  43. Terry:

    Concerning the reasons for the market falling, you will have to take that up with the Washington Post & Investors Business Daily. Ten minutes on Google shows that Forbes, Reuters, US News and USA Today say the same thing. You should also realize the election outcome had already been factored into investment decisions weeks ago so its outcome has little relative immediate effect on the market.

    I only have the Washington Post to confirm poll results not being reflected in stock prices, but that’s the kind of thing that can be easily resolved with statistical modelling between the two and the basis comes from historical factual sources (poll results and market averages).

    You’re conflating my statement on poll results not being mirrored with the stock market (for which I only have the WP as a source) with my other statement on the reason for the market fall (multiple sources). Maybe I could have been a little more clear in my original post but I’d rather thought respondents would see that. If you have supporting evidence against it I would like to see it. Since several of my sources directly quote senior analysts at major investment houses it should be of comparable value.

    Kinlaw: I accept your argument. But I still hold the reporting has no room for subjectivity as its dealing with historical factual data and standard statistical modelling. Its like doubting Michael Moore (who we both can’t stand) when he says “2+2=4”.

    Troy: Was that really an argument against?

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