The Market Ticker
Commentary on The Capital Markets- Category [Politics]
2014-11-05 07:42 by Karl Denninger
in Politics , 966 references

So last night the Democrats lost the Senate -- and more seats in the House.

We now have a House and Senate in Republican hands opposing a Democrat President.  This afternoon Obama will come on TV to whine cry moan threaten talk to the American people about the change in the political landscape.

It will be interesting to see what he says, given that the voters have given a big fat middle finger to his political fantasies.

Legal medical weed lost in Florida, winning by the popular vote but not by enough margin.  That one looked pretty good early on given who hadn't reported, but as the evening went forward it became obvious that there just weren't enough votes.  The backers of the measure blew their own brains out late with a disastrous presser that included a curse-laden rant, and it didn't help that a casino magnate (who obviously makes lots of money from people being drunk while playing games of chance) spent a fortune lying about weed and its effects.  (A true modern-day "reefer madness.")  So much for pleasant surprises.

One of the wannabe politicians who ran and asked for my endorsement (and didn't get it, as he wouldn't go after the medical monopolies full-throttle) pulled 6% and change.  He instead ran on "end the Fed" (a worthless bit of bull**** sloganeering) and got the expected result -- where he could have run on a 90% issue (extreme medical costs) and might have had a shot at unseating the incumbent.  I don't sell my endorsements; you either take policy positions I can truly support because they will matter if you win, or you don't.

Adrian Wyllie, who ranted, raved and claimed "discrimination" during the Florida gubernatorial debates (and tried to sue, an utter act of hypocrisy given that the party claims to respect private property rights, only to be told to **** off by a Judge), again repeating the common Libertarian lie last heard with Johnson that he had double-digit support, pulled a "massive" 3.75% of the vote.  Heh Adrian, are you (and the Libs) ready to wake up and run on a 90% issue yet?  Naw, that won't happen; the Libertarians are locked into a self-destructive cycle of lying to themselves, running on horse**** faux "issues" (instead of real ones like, for example, the medical monopolies) and believing their own press.

My vote for Cthulu led to only slightly-inferior results in that Voldemort won in Florida -- ok, ok, Voldemort with a glued-on nose.  Meh.  Two *******s, one of whom was going to win.  I don't think the policy differences between the two, or the corruption, will matter a bit to anyone.

Back to the Federal side.

There is much glee on the Senate gavel being sent over this morning I'm sure.  There will also be myriad spilled electronic (and print) ink on the "mandate" with regard to Obamacare repeal and similar.

Folks, keep one thing in mind, as I noted on WBAL yesterday -- Obamacare could have been destroyed "at will" by the Republicans at any time since all spending must originate in the House.  As a result since the Republicans have held the House since the first midterm of Obama's Presidency they could have at any time stopped it by refusing to pass the appropriation necessary to fund it.  They could have also cut off the runaway spending and thus the deficit at any time via exactly the same means, never mind the 2011 debt ceiling "fight" when an immediate and permanent end to deficit spending, and the destruction of your purchasing power that it causes, could have occurred simply by the Republicans refusing to pass a bill -- that is, refusing to act instead of acting.

There was utterly nothing that Obama or the Democrats could have done about either, and Boehner, along with the Republicans, proved beyond rebuttal that they didn't give a damn about either at that point as well.

You're about to be lied to again about the "change" that will "come" to America.  What's going to change is only who is going to screw you -- not whether you'll get screwed, and it will still come without warning or lube just as it did yesterday.

Now be a good serf and find a new stick for your teeth so you don't bite your tongue off; the old one is dangerously compromised from all the abuse it's taken over the previous six years.

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I've already cast my ballot -- for the top of the card, it was for Cthulu.

Yes, really.  I wrote him in for Governor.

I refuse to vote for any of the three boobs on the party-affiliated ticket side of the deal; neither Scott or Crist has earned my vote, for Wiley I would not be willing to accept him as dogcatcher given his proclivity for hypocrisy -- a trait I have seen repeatedly and that he has demonstrated not only prior, but in this campaign itself.

I had two requests during this campaign season to issue endorsements.  I refused both.

I refused because neither of the candidates that asked would place enforcement of the law, most-specifically when it comes to health-related companies, on the top of their agenda -- and make it their calling card.  Both were in races where such would be a legitimate part of their legislative duties.

Without doing so we cannot solve the fiscal and monetary problems that will tear this nation apart.  It is not a matter of may or might, it is a certainty -- and further is the underlying reason that all of the monetary shenanigans are "necessary" for governments from local to federal.

None of the other games can be resolved until this is, because without resolving that problem you cannot cut off the need for governments to go along with the scams.  No entity will willingly effort to stop that which it depends on for survival, whether that be an individual organism or a collective group such as a government.

It's that simple, really.  If you're going to vote for a state or federal office-holder that's the litmus test, unless you want to be bankrupted -- and you will be until and unless we force resolution of this issue.

I voted "Yes" on Amendment 2, which would legalize medical marijuana in Florida.  The other two Constitutional proposals got "No" votes; dedicating a percentage of a revenue source (not related to conservation) to a conservation cause is wrong as it may not match (either now or ever) the proper amount to spend there, and the last thing I want is more appointed judges that are damn near impossible to remove and have no review process before being seated.  The other two amendments would do those two things; ergo, they should be voted down.

Go vote folks, but don't vote for the lesser of evils.  If you cannot vote for someone in a given race because nobody that is running is worthy of your vote, then do what I did and vote for the greater evil.

It's the only logical act you can undertake.

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2014-10-29 09:55 by Karl Denninger
in Politics , 248 references

Hmmm..... you mean black people are waking up?

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