Forum Post: Decent Timeline on What to Expect After the Election
Posted 11 years ago on Oct. 25, 2012, 7:33 p.m. EST by hchc
(3297)
from Tampa, FL
This content is user submitted and not an official statement
http://www.zerohedge.com/news/2012-10-25/guest-post-fiscal-cliff-and-demographic-drag
This is a decent breakdown of what to expect with the debt and upcoming Congressional deathmatch that is soon to be, ofcourse behind closed doors as usual.
It is still our belief that Obama will not lose, because he is just a better bullshitter. Anyone who saw him on the Tonight Show last night saw that. It's a popularity contest, and few are better at charming people than Obama. Throw in the fact that his competition is a freakin moron, and Republicans cant seem to get out of their own way (Joe Scarborogh referred to them as "morons" just this morning) with their insane rape views, and it seems pretty much a lock at this point.
All of that being said, it is doubtful that Obama will squirm into office this time and accomplish anything progressive or game changing whatsoever. The situation was much more ripe for aggressive change last time, and it failed miserably. Either he doesnt have the desire for it, or lacks the leadership/management ability to get it done.
So where does this leave us? There needs to be some kind of a deal reached soon. There may be a small increase in upper taxes, as even CEO's are claiming it must be part of it. But more likely than not, for the rest of us, we may keep our tax cuts, but get ready for a healthy dose of austerity. It may not be planned to come into effect immediately, but its going to be part of the plan.
And it wont stop there. Neither party has shown the ability to do ANYTHING about the banking cartel since 08 (and dont give me the FRankDodd shit, that was so watered down to begin with it wouldnt even make decent toilet paper). MF Global and LIBOR prove it. Not a peep from anyone. Nothing.
Which leaves us with one way to attempt to balance the budget- take it out of the people. It's not what I want, and I wish it looked better, but judging off of the last 40 years, and the last 4 years, the trends are not in our favor.
I would predict increases in energy prices and four more years of massive spending; also increased violence. Beyond that, little else, except to say that I think at some point Obama has to bring it back to his base, which is minorities, and not Left.
I would predict that regardless of who wins
A win for Romney would mean increases in the market; reduced gas and oil prices, and lower utility bills.
Increases in the market mean nothing. Up until a couple weeks ago, we were nearly at record highs, with sky high unemployment. And most finance guys think ROmney will be tougher with the FEd (I doubt that) and thats whats been supporting the market the last 4 years, so it would prob go down.
The lack of quantitative could put oil prices down, seems how a lot of that is going into commodities.
Utitliy bills dont go down. Especially in the new global environment.
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Romney cannot and will not reduce gas prices...to understand this all you have to look at is one graph..it isn't a supply and demand issue...it's a currency issue:
http://hmscoop.com/MoneySupplyvsCommodities.html
and any idiot in office can make the market go up...look at obama....all you have to do is buy up bonds like crazy and pump money into the system and fool all the less intelligent people that the economy is expanding because of real growth...when in actuallity you're creating one of the biggest stock market/bond bubbles in the history of the US.
When interest rates rise...which they will...lookout below.