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Dec 21, 2018 19:16:50   #
DaveO Loc: Northeast CT
 
Tex-s wrote:
I believe the whole 'term limits' debate is pointless if we are not also going to terminate staffers. The staffers do about 90% of the deal making...horse trading or sausage making in the older vernacular. Congressional seat holders are just the talking face of the beast, and few, if any, could successfully pick their wedgies without the staffers. The retention of 99% of the bulk of governmental bureaucracy despite elections is the greatest root of the corruption in DC in my opinion. The entrenched staff assures that the machine chugs along regardless of which group of trained monkeys hold Congressional majorities.
I believe the whole 'term limits' debate is pointl... (show quote)


I guess I wrongly thought new members would be picking most, if not all of their staff. Not good from where I sit.

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Dec 21, 2018 19:48:09   #
foodie65
 
Cykdelic wrote:
Don’t forget the uncertainty factor.....the incoming Progressive House has outright stated they will spend their time trying to topple an elected American government, which means they are stating that not only will no new good for the economy and markets be initiated by them but also that they will try to destroy the good to date.


Sounds like they are taking a cue from Mitch McConnell who did his utmost to overthrow Obama

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Dec 21, 2018 19:58:19   #
jcboy3
 
kd7eir wrote:
President Obama handed Trump the best stock market in 30 years. In 14 months, Trump has erased it all. Does this feel like winning yet?


Trump may be the trigger to the stock market decline, but it was inevitable. The Fed kept rates too low for too long, leading to an explosive speculative bubble in the market that has to pop. Meanwhile, the Fed sees recession signals and with interest rates too low, has no tools to deal with it. They need to get the rates up, cool the market, and see what comes. It may be too late, and the recession may hit like a ton of bricks with no good way to lift them off of us. A market correction of 50% would be normalizing, overshoot could be 70%. Many fundamentals are as bad as in 1929. The coming mess could be worse than 1999-2000, and worse than 2009 for the market. Not clear about financial institutions, but the glut of low rate money has been messing up balance sheets for a decade, so things could be very bad there as well.

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Dec 21, 2018 20:01:17   #
yhtomit Loc: Port Land. Oregon
 
foodie65 wrote:
Sounds like they are taking a cue from Mitch McConnell who did his utmost to overthrow Obama


The obama deserved having his junk removed.
Mcconnell gets an F effort and failure.

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Dec 21, 2018 20:01:51   #
DaveO Loc: Northeast CT
 
jcboy3 wrote:
Trump may be the trigger to the stock market decline, but it was inevitable. The Fed kept rates too low for too long, leading to an explosive speculative bubble in the market that has to pop. Meanwhile, the Fed sees recession signals and with interest rates too low, has no tools to deal with it. They need to get the rates up, cool the market, and see what comes. It may be too late, and the recession may hit like a ton of bricks with no good way to lift them off of us. A market correction of 50% would be normalizing, overshoot could be 70%. Many fundamentals are as bad as in 1929. The coming mess could be worse than 1999-2000, and worse than 2009 for the market. Not clear about financial institutions, but the glut of low rate money has been messing up balance sheets for a decade, so things could be very bad there as well.
Trump may be the trigger to the stock market decli... (show quote)


No offense, but it sounds like a trumpette describing the perils of not building a wall for protection.

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Dec 21, 2018 20:02:21   #
jcboy3
 
yhtomit wrote:
The obama deserved having his junk removed.
Mcconnell gets an F effort and failure.


Yes, he failed at his number one goal to make Obama a one term President. He may succeed at doing so with Trump.

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Dec 21, 2018 20:04:13   #
jcboy3
 
DaveO wrote:
No offense, but it sounds like a trumpette describing the perils of not building a wall for protection.


The wall is irrelevant to the financial issues in this country and the rest of the world. Except keeping low wage immigrants out of the country would have an impact on many businesses that rely on them. But the biggest risk is the widening wealth gap and shrinking middle class, and that's a tax and trade issue, not an immigration issue.

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Dec 21, 2018 20:12:59   #
Bazbo Loc: Lisboa, Portugal
 
Cykdelic wrote:
Term limits, Dave.....term limits!


We already have term limits. Its called voting.

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Dec 21, 2018 20:30:10   #
DaveO Loc: Northeast CT
 
jcboy3 wrote:
The wall is irrelevant to the financial issues in this country and the rest of the world. Except keeping low wage immigrants out of the country would have an impact on many businesses that rely on them. But the biggest risk is the widening wealth gap and shrinking middle class, and that's a tax and trade issue, not an immigration issue.


My remark was made to compare the doom and gloom rhetoric most of its supporters spout to your post. Most of us are aware the wall has no impact on our financial issues. Most of us are also aware that the recession is a global issue not based solely on our economy, but rather the global economy. The stock market does not necessarily reflect the state of our economy...take a look at the current status. As China slides, so shall we.

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Dec 21, 2018 21:57:09   #
yhtomit Loc: Port Land. Oregon
 
jcboy3 wrote:
Yes, he failed at his number one goal to make Obama a one term President. He may succeed at doing so with Trump.


The swamp runs deep...

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Dec 21, 2018 22:12:21   #
Texcaster Loc: Queensland
 
yhtomit wrote:
The swamp runs deep...


Actually it's more wideish and shallow and filled with venal yapping turtles.

Whether Pelosi becomes de facto POTUS when Pence goes down or we get an elected Dem Potus, the first order of business should be a weekly public flogging of McConnell.



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Dec 21, 2018 22:15:08   #
SharpShooter Loc: NorCal
 
yhtomit wrote:
Are you up on current events? Hmmm...
The federal reserve raised rates. The fed spoke, the stock markets went down.
The President of the United States of America did not speak.
You are mistaken.


Gad zooks!!
The president doesn’t know his asshole from that ladies hole in your face....., get real!!!
And yes, TRAMPO speaks way to much, including telling the Feds not to raise rates!
TRAMPO doesn’t know squat about economics, short of stealing money!!! LoL
SS

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Dec 21, 2018 22:17:14   #
SharpShooter Loc: NorCal
 
Texcaster wrote:
Actually it's more wideish and shallow and filled with venal yapping turtles.

Whether Pelosi becomes de facto POTUS when Pence goes down or we get an elected Dem Potus, the first order of business should be a weekly public flogging of McConnell.


Starting next month there is gonna be a public flogging of McConnell and anyone in congress that calls themselves a PUKE!!!
SS

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Dec 21, 2018 22:18:08   #
SharpShooter Loc: NorCal
 
yhtomit wrote:
The swamp runs deep...


Yes but currently it’s in Florida!!! LoL
SS

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Dec 21, 2018 22:21:49   #
SharpShooter Loc: NorCal
 
yhtomit wrote:
The obama deserved having his junk removed.
Mcconnell gets an F effort and failure.


You wanna see a public junk removal???
Just keep your eyes on TRAMPO!
He’s gonna get publicity snipped by Pelosi!!! LoL
It’s gonna be UGLY!
SS

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