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So how do you guys think Obama is going to respond to last night?

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Comments (84)

  • Gekko21's picture

    Ignore it as best he can. Unlike Clinton, I think he is delusional between reality and his beliefs. He was convince himself that he is doing the right thing and that special interest groups are stopping his every move. I just can't wait until we take healthcare from him.

    "Greed, in all of its forms; greed for life, for money, for love, for knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA."

  • Buyside CFA's picture

    Standard response: press conference with sleeves rolled up (still don't understand the sleeves thing).

  • nycIBD's picture

    why all the hate for obama on these boards? i have found that WSO is far far far mroe conservative than the ppl i have worked with/know in ibd

  • In reply to nycIBD
    cphbravo96's picture

    afalcon10:
    why all the hate for obama on these boards? i have found that WSO is far far far mroe conservative than the ppl i have worked with/know in ibd

    The majority of us are, or come from, the demographic of people who he's attempting to rob at gunpoint in order to further his agenda. If you sit on your ass and don't go to work, you deserve to be uneducated (undereducated), dirty, poor, hungry, etc. For some reason, a large number of people in this country feel they are entitled to what the rest of us earn simply because they exist. Obama happens to be the champion for their cause and that pisses us tax payers off.

    Outside of his economic incompetence, I don't think he has any allegiance to this country, is over-educated, inexperienced and a closet Muslim posing as a Christian (which speaks to his lack of character). He comes across as pompous and egotistical and he doesn't seem to be capable of "manning up" and taking responsibility for his actions/responsibilities.

    It might be worth pointing out the difference between fiscal and social conservative, so the people you know in IBD may come across more "liberal" but it could be from a social standpoint. Consider also, that Obama is so far left that many in his own party have tried to distance themselves from him.

    What's there to like about the guy?

    Regards

    "The trouble with our liberal friends is not that they're ignorant, it's just that they know so much that isn't so."
    - Ronald Reagan

  • In reply to cphbravo96
    Nefarious-'s picture

    cphbravo96:
    afalcon10:
    why all the hate for obama on these boards? i have found that WSO is far far far mroe conservative than the ppl i have worked with/know in ibd

    The majority of us are, or come from, the demographic of people who he's attempting to rob at gunpoint in order to further his agenda. If you sit on your ass and don't go to work, you deserve to be uneducated (undereducated), dirty, poor, hungry, etc. For some reason, a large number of people in this country feel they are entitled to what the rest of us earn simply because they exist. Obama happens to be the champion for their cause and that pisses us tax payers off.

    Outside of his economic incompetence, I don't think he has any allegiance to this country, is over-educated, inexperienced and a closet Muslim posing as a Christian (which speaks to his lack of character). He comes across as pompous and egotistical and he doesn't seem to be capable of "manning up" and taking responsibility for his actions/responsibilities.

    It might be worth pointing out the difference between fiscal and social conservative, so the people you know in IBD may come across more "liberal" but it could be from a social standpoint. Consider also, that Obama is so far left that many in his own party have tried to distance themselves from him.

    What's there to like about the guy?

    Regards

    SB - beautiful post.

    To add to this:

    I am not a fan of Obama.

    My main problems with Obama is when he makes stupid moves like approving bailouts for companies and banks. That is completely going against basic economic laws: Through failure we see growth. Failing institutions do not deserve to be saved. Period.

    Also, just other small things like adding a tanning bed tax to the health care bill. I mean, really? A tax on tanning beds? It seems so pointless, there are bigger problems and issues to address than tanning beds. He tried really hard to present some sort of competence to his laughable bill and slaps in literature saying that tanning bed taxes will not only be included but also are a part of tier 1 for items to go into affect.

    You're born, you take shit. You get out in the world, you take more shit. You climb a little higher, you take less shit. Till one day you're up in the rarefied atmosphere and you've forgotten what shit even looks like. Welcome to the layer cake, son.

  • In reply to cphbravo96
    CaptK's picture

    cphbravo96:

    The majority of us are, or come from, the demographic of people who he's attempting to rob at gunpoint in order to further his agenda. If you sit on your ass and don't go to work, you deserve to be uneducated (undereducated), dirty, poor, hungry, etc. For some reason, a large number of people in this country feel they are entitled to what the rest of us earn simply because they exist. Obama happens to be the champion for their cause and that pisses us tax payers off.

    +1. But of course people are far more tempered and politically moderate when you talk to their faces in a work environment rather than an anonymous internet forum.

    - Capt K -
    "Prestige is like a powerful magnet that warps even your beliefs about what you enjoy. If you want to make ambitious people waste their time on errands, bait the hook with prestige." - Paul Graham

  • Buyside CFA's picture

    I wouldn't say he's hated here. I don't hate the guy.

  • In reply to Buyside CFA
    jonnyseed's picture

    Buyside <a href=https://www.e-junkie.com/ecom/gb.php?ii=1145861&amp;c=cart&amp;aff=44880&amp;ejc=2&amp;cl=175031 rel=nofollow>CFA</a>:
    I wouldn't say he's hated here. I don't hate the guy.

    I don't understand why people say this all the time.

    "I disagree with all of his policies. I think he's arrogant, cocky, and egotistical. I think he's out of touch with America. I think he's an elitist. BUT I don't hate the guy as a person."

    This is pretty much the same line from every conservative commentator, talk show host and radio host. The guy is an awful president, and it showed last night. It will also show once he goes on TV and says something like this:

    "OK look, last night the American people once again showed that they are fed up with Washington as usual. They want a change from what has been going on for the last ten years, etc.......The Republicans (or my "enemies" scared the American people into voting for them..."

    No Barack, people hate YOU. We should be able to say we hate him, just like people say they hate Mel Gibson.

  • Krug's picture

    It's a function of what he does with our money. The fact that he has touted this healthcare bill as his "tombstone" is disgusting.

    For example, say you receive a bonus of 100k - you worked 100 hours a week for 4 years to get to this point, and damnit you deserve the satisfaction of enjoying it. Well actually a homeless asshole on welfare is going to use a portion of "this bonus" to purchase booze, scratch tickets and drugs. Why the hell ever work if that's the case.

    While I am stauchly republican in economic terms, I am a liberal for most other matters. If I impregnate a beautiful young lady, DAMNIT I WANT AN ABORTION!!! Could only imagine my bonus going towards child support and the homeless. THATS LIKE TRIPLE TAXATION!

  • SuitedWolf's picture

    Well, I personally like Obama a lot. I am in the same industry as you guys and if I have to pay an extra few dollars for my fellow Americans from my own pocket, I don't mind that.

  • In reply to SuitedWolf
    jonnyseed's picture

    SuitedWolf:
    Well, I personally like Obama a lot. I am in the same industry as you guys and if I have to pay an extra few dollars for my fellow Americans from my own pocket, I don't mind that.

    Good- then donate your money to charity and causes, but don't force me to have to pay for some crackhead's fucked up life.

  • In reply to jonnyseed
    SuitedWolf's picture

    jonnyseed:
    SuitedWolf:
    Well, I personally like Obama a lot. I am in the same industry as you guys and if I have to pay an extra few dollars for my fellow Americans from my own pocket, I don't mind that.

    Good- then donate your money to charity and causes, but don't force me to have to pay for some crackhead's fucked up life.

    Not everyone is a crackhead sir. A lot of Americans are in non-crackhead professions such as teaching, nursing, fire-fighting etc. The slightly higher taxes we pay benefits the whole society and not the crackheads alone. Obviously the system is not perfect, some crackheads do take advantage, but in the long run the pros outweigh the cons.

  • In reply to SuitedWolf
    LBT's picture

    SuitedWolf:
    Well, I personally like Obama a lot. I am in the same industry as you guys and if I have to pay an extra few dollars for my fellow Americans from my own pocket, I don't mind that.

    This is such an easy talking point to make at a cocktail party, but dont pretend if it wasnt for this healthcare bill, our tax burden would be zero percent. Should we also pass a car insurance bill that will expand car ins. coverage to those that dont have it? Should we finance this by adding another payroll tax? Healthcare insurance is just that - insurance. Government is already huge, why are we making it bigger with more benefits and taxes?

    I dont like Obama at all. Both parties are terrible though from both an economic and social perspective. I dislike the democrats because they seem to even manage to outspend the republicans and also have the extra layer of trying to increase taxes. Of course a lot of people here like the idea of economic conservatism, but the republicans haven't done anything significant to drastically shrink or eliminate entitlement payments, end the wars, or cut government.

  • In reply to SuitedWolf
    jonnyseed's picture

    SuitedWolf:
    jonnyseed:
    SuitedWolf:
    Well, I personally like Obama a lot. I am in the same industry as you guys and if I have to pay an extra few dollars for my fellow Americans from my own pocket, I don't mind that.

    Good- then donate your money to charity and causes, but don't force me to have to pay for some crackhead's fucked up life.

    Not everyone is a crackhead sir. A lot of Americans are in non-crackhead professions such as teaching, nursing, fire-fighting etc. The slightly higher taxes we pay benefits the whole society and not the crackheads alone. Obviously the system is not perfect, some crackheads do take advantage, but in the long run the pros outweigh the cons.

    Obviously I wasn't being completely serious. Please enlighten us how higher taxes benefits society as a whole. Saying that everyone gets rainbows and lollipops doesn't count.

  • In reply to Nefarious-
    hiit's picture

    Nefarious-:
    SB - beautiful post.

    To add to this:

    I am not a fan of Obama.

    My main problems with Obama is when he makes stupid moves like approving bailouts for companies and banks. That is completely going against basic economic laws: Through failure we see growth. Failing institutions do not deserve to be saved. Period.

    You do know that most of the financial institutions failed in 2008, right? You should probably look up when Obama was sworn in.

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  • audaciou02's picture

    ditto SuitedWolf. It always makes me wonder what peoples backgrounds are here...family income, universities, academic records, etc. since I feel like 75% of the people don't really represent even 50% of typical Americans in terms of education, age, etc.

  • In reply to audaciou02
    CaptK's picture

    audaciou02:
    ditto SuitedWolf. It always makes me wonder what peoples backgrounds are here...family income, universities, academic records, etc. since I feel like 75% of the people don't really represent even 50% of typical Americans in terms of education, age, etc.

    You do realize you're on a Wall Street forum right? Of course this isn't a cross section of average American society.

    - Capt K -
    "Prestige is like a powerful magnet that warps even your beliefs about what you enjoy. If you want to make ambitious people waste their time on errands, bait the hook with prestige." - Paul Graham

  • In reply to Krug
    cphbravo96's picture

    Krug:
    It's a function of what he does with our money. The fact that he has touted this healthcare bill as his "tombstone" is disgusting.

    For example, say you receive a bonus of 100k - you worked 100 hours a week for 4 years to get to this point, and damnit you deserve the satisfaction of enjoying it. Well actually a homeless asshole on welfare is going to use a portion of "this bonus" to purchase booze, scratch tickets and drugs. Why the hell ever work if that's the case.

    While I am stauchly republican in economic terms, I am a liberal for most other matters. If I impregnate a beautiful young lady, DAMNIT I WANT AN ABORTION!!! Could only imagine my bonus going towards child support and the homeless. THATS LIKE TRIPLE TAXATION!

    Don't worry, we are getting that under control...
    http://www.minyanville.com/dailyfeed/california-we...

    Could you also clarify whether you are aborting the kid or the beautiful young lady, lol?

    Regards

    "The trouble with our liberal friends is not that they're ignorant, it's just that they know so much that isn't so."
    - Ronald Reagan

  • In reply to SuitedWolf
    cphbravo96's picture

    SuitedWolf:
    Well, I personally like Obama a lot. I am in the same industry as you guys and if I have to pay an extra few dollars for my fellow Americans from my own pocket, I don't mind that.

    If only that was the case. It seems a lot of our tax dollars are paying for services used by people that here illegally, thus, NOT your fellow Americans. Just food for thought.

    Regards

    "The trouble with our liberal friends is not that they're ignorant, it's just that they know so much that isn't so."
    - Ronald Reagan

  • In reply to cphbravo96
    Midas Mulligan Magoo's picture

    cphbravo96:
    afalcon10:
    why all the hate for obama on these boards? i have found that WSO is far far far mroe conservative than the ppl i have worked with/know in ibd

    The majority of us are, or come from, the demographic of people who he's attempting to rob at gunpoint in order to further his agenda. If you sit on your ass and don't go to work, you deserve to be uneducated (undereducated), dirty, poor, hungry, etc. For some reason, a large number of people in this country feel they are entitled to what the rest of us earn simply because they exist. Obama happens to be the champion for their cause and that pisses us tax payers off.

    Outside of his economic incompetence, I don't think he has any allegiance to this country, is over-educated, inexperienced and a closet Muslim posing as a Christian (which speaks to his lack of character). He comes across as pompous and egotistical and he doesn't seem to be capable of "manning up" and taking responsibility for his actions/responsibilities.

    It might be worth pointing out the difference between fiscal and social conservative, so the people you know in IBD may come across more "liberal" but it could be from a social standpoint. Consider also, that Obama is so far left that many in his own party have tried to distance themselves from him.

    What's there to like about the guy?

    Regards

    Beautifully simplistic, sadly only grazing the surface of the issue. The large scale problem is modern liberalism: a slow death for which Obama is just the current poster child. He's really no different from Clinton, he just didn't walk into a perfect situation which would allow for the obfuscation of his incompetence.

  • In reply to hiit
    cphbravo96's picture

    hiit:
    Nefarious-:
    SB - beautiful post.

    To add to this:

    I am not a fan of Obama.

    My main problems with Obama is when he makes stupid moves like approving bailouts for companies and banks. That is completely going against basic economic laws: Through failure we see growth. Failing institutions do not deserve to be saved. Period.

    You do know that most of the financial institutions failed in 2008, right? You should probably look up when Obama was sworn in.

    So what you're saying is he is responsible for throwing good money after bad? Thank you for clarifying.

    Regards

    "The trouble with our liberal friends is not that they're ignorant, it's just that they know so much that isn't so."
    - Ronald Reagan

  • In reply to CaptK
    cphbravo96's picture

    CaptK:
    cphbravo96:

    The majority of us are, or come from, the demographic of people who he's attempting to rob at gunpoint in order to further his agenda. If you sit on your ass and don't go to work, you deserve to be uneducated (undereducated), dirty, poor, hungry, etc. For some reason, a large number of people in this country feel they are entitled to what the rest of us earn simply because they exist. Obama happens to be the champion for their cause and that pisses us tax payers off.

    +1. But of course people are far more tempered and politically moderate when you talk to their faces in a work environment rather than an anonymous internet forum.

    Yeah, that includes me, so of the time, lol. If someone brings up a topic I usually choose the side I am really on and then just say something along the lines, "...but, we'll see. At least we are trying to figure it out." even though I know that isn't the case.

    Regards

    "The trouble with our liberal friends is not that they're ignorant, it's just that they know so much that isn't so."
    - Ronald Reagan

  • audaciou02's picture

    Exactly and I also realize I work on Wall Street and I make a ton of money, but I can't honestly say that it was due to everything I did on my own. Life is majorly based on chance and while I hate govnt oversight, ridiculous amounts of spending and want it to come under control, I also realize that not everyone isn't as lucky as I am and need assistance whether it be in education grant programs to research programs for NIH and universities.

    And btw, let's not forget about all the spending pre-Obama and the deficit he inherited beforehand. I'm sick of both sides, but acting as if Obama is a pure socialist who wants to help fund crackheads' lifestyles is strong use of hyperbole.

  • In reply to cphbravo96
    hiit's picture

    cphbravo96:
    hiit:
    Nefarious-:
    SB - beautiful post.

    To add to this:

    I am not a fan of Obama.

    My main problems with Obama is when he makes stupid moves like approving bailouts for companies and banks. That is completely going against basic economic laws: Through failure we see growth. Failing institutions do not deserve to be saved. Period.

    You do know that most of the financial institutions failed in 2008, right? You should probably look up when Obama was sworn in.

    So what you're saying is he is responsible for throwing good money after bad? Thank you for clarifying.

    Regards

    You know exactly what I meant. Most of the bailout legislation was passed in 2008 - months before he was even sworn in.

  • In reply to audaciou02
    jonnyseed's picture

    audaciou02:
    Exactly and I also realize I work on Wall Street and I make a ton of money, but I can't honestly say that it was due to everything I did on my own. Life is majorly based on chance and while I hate govnt oversight, ridiculous amounts of spending and want it to come under control, I also realize that not everyone isn't as lucky as I am and need assistance whether it be in education grant programs to research programs for NIH and universities.

    And btw, let's not forget about all the spending pre-Obama and the deficit he inherited beforehand. I'm sick of both sides, but acting as if Obama is a pure socialist who wants to help fund crackheads' lifestyles is strong use of hyperbole.

    I wasn't just speaking specifically about Obama on that statement, moreso the federal government in general, and obviously he is the best representative of them.

    Was anyone able to catch any of his press conference today?

  • SuitedWolf's picture

    Government is not perfect and not all the taxes you pay end up serving YOU alone. That is the point of democracy where policies help the general public as much as they can. Taxes don't only end up in healthcare or social security, they end up in a million other things that keep this country running and progressing to a greater society. When you open the tap in the morning, water comes out, when you flip the switch, you always have electricity, when you drive from point A to B, you have at your disposal clean and reliable roads and bridges. These unforeseen benefits are not only a result of you paying your bills, but also you paying to the government that later invests in these utilities and projects.

    I realize that this is a "Wall Street" forum and people in this industry are expected to make higher salaries than most Americans. But not everyone here is from a privileged background; I myself went to a public school, like many of you who are trying to break-in to this world of finance, and this was possible through government loans and bursaries paid through the taxes we all pay.

    I am here today not on my effort alone, but through the support of the country and the various programs it has to help and sponsor those who want to do well in their lives. If I have reached my "dream job" and am making a good salary, I would like to give back to the nation in the form of taxes so that those who are underprivileged can achieve their dreams as well.

    Look, at the end of the month, paying a portion of your salary to the government is an awful pill to swallow. But, knowing the fact that we are amongst the highest paid people in the country, we should be the last ones to complain.

  • Buyside CFA's picture

    Johnnyseed:

    What the fuck is wrong with you? I'm not a republican. I didn't vote yesterday. I'm not impressed with the current republican party or the tea party. I don't think Obama is an awful president. Why are you criticizing me? What did I say?

    You're have a persecution complex. Goddamn - get some help.

  • In reply to SuitedWolf
    LBT's picture

    SuitedWolf:
    Government is not perfect and not all the taxes you pay end up serving YOU alone. That is the point of democracy where policies help the general public as much as they can. Taxes don't only end up in healthcare or social security, they end up in a million other things that keep this country running and progressing to a greater society. When you open the tap in the morning, water comes out, when you flip the switch, you always have electricity, when you drive from point A to B, you have at your disposal clean and reliable roads and bridges. These unforeseen benefits are not only a result of you paying your bills, but also you paying to the government that later invests in these utilities and projects.

    Look, at the end of the month, paying a portion of your salary to the government is an awful pill to swallow. But, knowing the fact that we are amongst the highest paid people in the country, we should be the last ones to complain.

    I didnt know the point of a democracy was to help the general public as much as possible. I am reminded of the old saying "a democracy is 2 wolves and a chicken voting on what is for dinner". I will drop this anyways, i assume you did take a civic class at some point.

    Taxes or even better yet "charges" already exist in water and electricity you mentioned in the form of USAGE. A deregulated power industry has to make a profit, and you pay for usage. Same with water. We could do the same for highways by a usage charge for the miles and specific roads you use nationally. The point is there are other options than the massive taxes and government that exists today. If you feel the need to pay for other people's usage or insurance then why not eliminate all taxes and you can donate what your tax would have been to charity. You can still have that free will with much less government.

  • jimbo_slice's picture

    Let's just hope that the Republicans actually get it right this time around. I'm sick of Republicans acting like Democrats Lite.

  • In reply to jimbo_slice
    GoodBread's picture

    jimbo_slice:
    Let's just hope that the Republicans actually get it right this time around. I'm sick of Republicans acting like Democrats Lite.

    Like that's going to happen. The overwhelming majority of Congressmen are enslaved by special interests who's main goal is to get tax cuts and bailouts, not balance the budget.

    What I'm a little surprised by on this board is how partisan people are despite the fact that the Republican party has utterly and completely failed to stand by its "small government" motto. I can no longer remotely identify myself with either party because so many party leaders on both sides seem to suffer from brain trauma. George W. Bush, John McCain, Sarah Palin, Nancy Pelosi, Barney Frank, Maxine Waters (I'm leaving Obama out of this because I have no idea what his policies are) have all stood by some of the most idiotic ideas and policies I have ever heard. From the Bush administration's neoconservatism to Obama's rancid populism that poorly hides his servile ties to Wall Street, the current crop of politicians is appalling and I'm certainly not going to be sticking my neck out for them.

  • In reply to LBT
    cphbravo96's picture

    LBT:
    SuitedWolf:
    Government is not perfect and not all the taxes you pay end up serving YOU alone. That is the point of democracy where policies help the general public as much as they can. Taxes don't only end up in healthcare or social security, they end up in a million other things that keep this country running and progressing to a greater society. When you open the tap in the morning, water comes out, when you flip the switch, you always have electricity, when you drive from point A to B, you have at your disposal clean and reliable roads and bridges. These unforeseen benefits are not only a result of you paying your bills, but also you paying to the government that later invests in these utilities and projects.

    Look, at the end of the month, paying a portion of your salary to the government is an awful pill to swallow. But, knowing the fact that we are amongst the highest paid people in the country, we should be the last ones to complain.

    I didnt know the point of a democracy was to help the general public as much as possible. I am reminded of the old saying "a democracy is 2 wolves and a chicken voting on what is for dinner". I will drop this anyways, i assume you did take a civic class at some point.

    Taxes or even better yet "charges" already exist in water and electricity you mentioned in the form of USAGE. A deregulated power industry has to make a profit, and you pay for usage. Same with water. We could do the same for highways by a usage charge for the miles and specific roads you use nationally. The point is there are other options than the massive taxes and government that exists today. If you feel the need to pay for other people's usage or insurance then why not eliminate all taxes and you can donate what your tax would have been to charity. You can still have that free will with much less government.

    Exactly. Most people don't complain about pay taxes "period"...they complain about the thought of bearing the burden of a tax increase to "help build roads or keep the teachers/police/etc employed...but the earners/tax payers look around and see very capable people sitting on their ass and literally doing nothing. They don't contribute to society by the way of employment and they have a negative impact because they collect money from the government to support themselves and their kids because they don't want to work.

    The point of a democracy is not to help the people as much as it can. The government should be responsible for a range of services (defense, infrastructure, etc) not creating, or furthering, people's dependence on social programs. You have a good attitude about helping people out and so do many people in this forum, but it should be our choice when and who we help and with the amount of our choosing. That's what churches and shelters and charities and non-profits are for. The government should not be in the business of redistributing wealth in an effort to make things "fair" or "equal" because the fact of the matter is the playing filed is exceptionally level. Studies show that Republicans give away far more of their income to charities than Democrats do and for some reason the left is always pushing for more social programs and higher taxes to "help" these people out. Folks who advocate that these people just need some assistance to get back on their feet are nothing short of delusional. When I hear people say that, I know that they have not actually witnessed the lazy, welfare mentality that 90%+ of welfare recipients possess. Sure, there are some people working hard trying to do better for themselves and for their children, but the vast majority aren't. They live in an environment in which is is socially acceptable not to work and just collect welfare, all while birthing multiple kids with multiple fathers, who are incarcerated, were incarcerated, will be incarcerated and likely have no means to support the children they should legally be responsible for. I have witnessed things like that and have close family members who have mad bad decisions time and time again, despite repeatably getting help from family members, members of the church, government funded social programs and they have no intention of changing. That's many people don't understand, especially those on the left...and rightfully so, because it seems totally unreasonable that someone would continually, commit crimes and live a life in and out of jail, away from their kids, especially if they had a better option...the mentality is, create more options, which cost money. People like my brother are wired differently. I obey the laws because I would be absolutely miserable in jail...he, on the other hand, doesn't mind being in jail because it is easy...you just sit around all day and eat...literally. Being on the outside, in his mind, is hard work because if you don't work you don't eat, but if you have to go to work that means you have to be sober, which means he can't be out the night before getting drunk or high. I have so little sympathy for people like that now because I realize it is more of a choice than the left and the government would like to make it appear. The proof is in the pudding. If you look, I'm certain you can find a person from a much more difficult background than yourself who has achieved some level of above average success...and that, in my mind, makes the whole "born into bad circumstances" a mute issue.

    The bottom line is the government is disgustingly inefficient and that is plenty of justification to not want to give anymore of my money away to them. Remember, the government cannot give anything to anyone that they have not first taking away from someone else.

    Regards

    "The trouble with our liberal friends is not that they're ignorant, it's just that they know so much that isn't so."
    - Ronald Reagan

  • audaciou02's picture

    ditto Goodbread. I'm sick of both sides and neither is exactly serving the american public, just trying to placate and gain power. Democratic party couldn't even get anything done these past 2 years with a unified front, and Republicans pretty much destroyed the country the past 8 years as a unified front.

    I have respect for Obama and I believe the economic situation could have been a lot worse. I feel especially lucky that I have my job, so I can't fault him. I'm just unsure of his economic policies and hopefully he'll come to his senses and try to understand what the public wants in the very near term instead of telling us what we should want...

  • GoodBread's picture

    Obama's biggest mistake was probably to pick up where the previous administration left off as far as the economy. Timmy is like Hank Paulson III (can't say Jr. Jr.) and Bernanke has always been Greenspan's boy. Had Obama's entourage been a little more knowledgeable on economic matters, some mistakes could have been avoided (Ritholtz wrote on the subject this morning: http://www.ritholtz.com/blog/2010/11/the-tragedy-o...).

    I can't imagine the Republicans getting rid of that economic team, so in essence we're screwed.

  • In reply to GoodBread
    hiit's picture

    GoodBread:
    Like that's going to happen. The overwhelming majority of Congressmen are enslaved by special interests who's main goal is to get tax cuts and bailouts, not balance the budget.

    What I'm a little surprised by on this board is how partisan people are despite the fact that the Republican party has utterly and completely failed to stand by its "small government" motto. I can no longer remotely identify myself with either party because so many party leaders on both sides seem to suffer from brain trauma. George W. Bush, John McCain, Sarah Palin, Nancy Pelosi, Barney Frank, Maxine Waters (I'm leaving Obama out of this because I have no idea what his policies are) have all stood by some of the most idiotic ideas and policies I have ever heard. From the Bush administration's neoconservatism to Obama's rancid populism that poorly hides his servile ties to Wall Street, the current crop of politicians is appalling and I'm certainly not going to be sticking my neck out for them.

    Unfortunately, I have to agree also. Both parties pretty much suck.

  • In reply to audaciou02
    cphbravo96's picture

    audaciou02:
    ...I have respect for Obama and I believe the economic situation could have been a lot worse. I feel especially lucky that I have my job, so I can't fault him...

    That's the problem, greater than 10% of the people in this country (probably far greater if you factor in people 'hiding' in school and early retirement and underemployed) are out of work, so while you are okay with what he has done, many people are justifiably dissatisfied.

    Although it's a long shot, I am really hoping the shift with have a positive impact going forward. Hopefully the Republicans can actually get some stuff done. Doesn't seem likely, but maybe, just maybe, lol.

    Regards

    "The trouble with our liberal friends is not that they're ignorant, it's just that they know so much that isn't so."
    - Ronald Reagan

  • GoodBread's picture

    I was hoping the shift to the democrats in 06 and 08 would get something accomplished. I don't think I'll get excited about politics until we get someone (presumable from a third party) who really believes in the power of free markets but isn't a blind corporatist. Also, I really wish social issues (gay marriage, abortion, affirmative action...) took a backseat in political debate.Not that these are unimportant, but they're hardly the biggest thing we're dealing with. Something like gay marriage could be solved instantly by privatizing the institution of marriage for instance.

  • In reply to Buyside CFA
    jonnyseed's picture

    Buyside <a href=https://www.e-junkie.com/ecom/gb.php?ii=1145861&amp;c=cart&amp;aff=44880&amp;ejc=2&amp;cl=175031 rel=nofollow>CFA</a>:
    Johnnyseed:

    What the fuck is wrong with you? I'm not a republican. I didn't vote yesterday. I'm not impressed with the current republican party or the tea party. I don't think Obama is an awful president. Why are you criticizing me? What did I say?

    You're have a persecution complex. Goddamn - get some help.

    Haha, sorry man. I just sort of took the quote "I don't hate the guy and ran with it. I assumed that you were a republican. Basically what I was saying is that most conservatives will go on a 15 minute rant on how much Obama sucks, and then end with "I mean, I don't hate the guy or anything." It annoys me.

  • Race's picture

    We are most likey paying for Grand Parent Health Care and Retirement & Planned/Unplanned wars, not crackheads health care. See the budget break down:
    http://www.nytimes.com/interactive/2010/02/01/us/b...

    My issue with these politicians is they talk a good talk but will never touch the 60 - 70% of the budget (DOD, SS, Medicare, etc) that is really driving the deficits, instead they promote cuts to the EPA.

  • In reply to Buyside CFA
    LIBOR's picture

    Buyside <a href=https://www.e-junkie.com/ecom/gb.php?ii=1145861&amp;c=cart&amp;aff=44880&amp;ejc=2&amp;cl=175031 rel=nofollow>CFA</a>:
    Standard response: press conference with sleeves rolled up (still don't understand the sleeves thing).

    The sleeves thing shows he is a working man, not afraid to get in there and do some work. Or else its an hold habit he picked up on the trading floor.

  • Rain_Maker's picture

    Obama is the front runner for worst President ever. Those who voted for him or believe in his policies or idealogy have been failed by both common sense and any formal education they may have received.

    He was elected by hope and false promises in a popularity contest not unlike your student government elections in middle school. He was elected because he convinced enough people to feel guilty about their wealth and convinced others that they deserved a piece of that which others had earned. When you break this down to simple analogies like " imagine if you had to give me 30% of your pay check every friday because you make more money than me." Folks will say, "no that is not how it works," but open your eyes and drink it in because that is exactly how it works. Obama feels he can spend my money better than I can spend my money.

    His programs, policies and overall ideology is socialist by definition, it's just a fact, and he along with progressive liberals have eroded the principals which made this country great. I can deal with a tax hike here and there but Obama has removed the value principle called "personal accountability" from American society. No one is liable for their actions however I am responsible for funding their lack of responsibility and bad decisions.

    "The problem with socialism is that eventually you run out of other people's money..."
    Margaret Thatcher

  • In reply to Rain_Maker
    cphbravo96's picture

    Rain_Maker:
    Obama is the front runner for worst President ever. Those who voted for him or believe in his policies or idealogy have been failed by both common sense and any formal education they may have received.

    He was elected by hope and false promises in a popularity contest not unlike your student government elections in middle school. He was elected because he convinced enough people to feel guilty about their wealth and convinced others that they deserved a piece of that which others had earned. When you break this down to simple analogies like " imagine if you had to give me 30% of your pay check every friday because you make more money than me." Folks will say, "no that is not how it works," but open your eyes and drink it in because that is exactly how it works. Obama feels he can spend my money better than I can spend my money.

    His programs, policies and overall ideology is socialist by definition, it's just a fact, and he along with progressive liberals have eroded the principals which made this country great. I can deal with a tax hike here and there but Obama has removed the value principle called "personal accountability" from American society. No one is liable for their actions however I am responsible for funding their lack of responsibility and bad decisions.

    "The problem with socialism is that eventually you run out of other people's money..."
    Margaret Thatcher

    Exactly.

    Regards

    "The trouble with our liberal friends is not that they're ignorant, it's just that they know so much that isn't so."
    - Ronald Reagan

  • vanillathunder12's picture

    Are you kidding? Look at George W. Bush. He fucked up much more than Obama (there is no way Obama will top him). In 100 years he will still be top five of the worst presidents. While my least favorite president of all time is Andrew Jackson (he seemed like a great guy to party with but a horrible one to run the country), Obama is far from the worst president ever.

    My favorite president was Franklin Roosevelt. Only president to serve more than two terms, pulled us out from the Great Depression and listened to his economists over the general population's setiment. Fireside chats were genius. Not to mention killing all those Nazis.

  • In reply to vanillathunder12
    jonnyseed's picture

    vanillathunder12:
    Are you kidding? Look at George W. Bush. He fucked up much more than Obama (there is no way Obama will top him). In 100 years he will still be top five of the worst presidents. While my least favorite president of all time is Andrew Jackson (he seemed like a great guy to party with but a horrible one to run the country), Obama is far from the worst president ever.

    My favorite president was Franklin Roosevelt. Only president to serve more than two terms, pulled us out from the Great Depression and listened to his economists over the general population's setiment. Fireside chats were genius. Not to mention killing all those Nazis.

    My favorite president is Martin Van Buren (I'm a leading member of the Van Buren Boys).

  • Rain_Maker's picture

    Oh one more thing.....In addition to being in way over his head, Obama has created an entitlement state (ie. more people in the wagon than there are pulling it). And in doing so he has guaranteed votes and support for both himself and his marxist policies from those to whom he "gives stuff." Nobody who relies on the government for everything they have will likely give that up....

    "Stupid is as stupid does..."
    Forest Gump

  • In reply to vanillathunder12
    Koho's picture

    vanillathunder12:

    My favorite president was Franklin Roosevelt. Only president to serve more than two terms, pulled us out from the Great Depression and listened to his economists over the general population's setiment. Fireside chats were genius. Not to mention killing all those Nazis.

    Pretty sure WW2 pulled us out of the GD, but do like the guy nonetheless.

  • In reply to vanillathunder12
    Gekko21's picture

    vanillathunder12:
    Are you kidding? Look at George W. Bush. He fucked up much more than Obama (there is no way Obama will top him). In 100 years he will still be top five of the worst presidents. While my least favorite president of all time is Andrew Jackson (he seemed like a great guy to party with but a horrible one to run the country), Obama is far from the worst president ever.

    My favorite president was Franklin Roosevelt. Only president to serve more than two terms, pulled us out from the Great Depression and listened to his economists over the general population's setiment. Fireside chats were genius. Not to mention killing all those Nazis.

    I think history will view Bush in a much better light than the politics of today. You know Truman was considered a shitty president when he left office, but history has been good to him and today he is considered decent.

    What are you smoking FDR, did not do shit about the recession. WWII got us out of the recession, FDR's policies prolonged the recession and his programs helped create an entitlement state. I am not saying all his programs were bad, but the effect they had on the American mindset has ramifications felt today. The only thing that FDR did that was note worthy was recognizing the Hitler for the threat that he was and mobilizing America years before we entered the war.

    Andrew Jackson has his strengths and his weaknesses, but the man fucking invaded Florida with 20 guys...and for that you have to give him props.

    "Greed, in all of its forms; greed for life, for money, for love, for knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA."

  • In reply to vanillathunder12
    Rain_Maker's picture

    vanillathunder12:
    Are you kidding? Look at George W. Bush. He fucked up much more than Obama (there is no way Obama will top him). In 100 years he will still be top five of the worst presidents. While my least favorite president of all time is Andrew Jackson (he seemed like a great guy to party with but a horrible one to run the country), Obama is far from the worst president ever.

    My favorite president was Franklin Roosevelt. Only president to serve more than two terms, pulled us out from the Great Depression and listened to his economists over the general population's setiment. Fireside chats were genius. Not to mention killing all those Nazis.

    A) Yeah Bush really worked us over, remember when he lowered interest rates to levels which encouraged speculative lending and borrowing, oops that was Alan Greenspan. Remember when Bush made all those policies that required mortgages be made available to low income individuals who couldn't afford them, oops nope that was Carter and Clinton. Remember his conflict of interest in relaxing lending standards for major mortgage lenders Fannie and Freddie, oops sorry that as the authority on all things financial your boy Barney Frank. I do remember when Bush bombed the shit out of Al Qaeda and the Taliban after muslim extremists killed a bunch of my countrymen on Wall Street, yup that was Bush!

    B) Study up on your history Vanilla. It can be argued that FDR's policies prolonged the depression and in fact it was only WWII that helped drag us out. The New Deal didn't restore employment. In fact, there was even less work on average during the New Deal than before FDR took office. Total hours worked per adult, including government employees, were 18% below their 1929 level between 1930-32, but were 23% lower on average during the New Deal (1933-39). Private hours worked were even lower after FDR took office, averaging 27% below their 1929 level, compared to 18% lower between in 1930-32. (WSJ)

    Bush was no mensa student I won't argue that, but he was a patriot an an unabashed defender of America which is a lot more than you can say for Obama.

  • In reply to Rain_Maker
    cphbravo96's picture

    Rain_Maker:
    vanillathunder12:
    Are you kidding? Look at George W. Bush. He fucked up much more than Obama (there is no way Obama will top him). In 100 years he will still be top five of the worst presidents. While my least favorite president of all time is Andrew Jackson (he seemed like a great guy to party with but a horrible one to run the country), Obama is far from the worst president ever.

    My favorite president was Franklin Roosevelt. Only president to serve more than two terms, pulled us out from the Great Depression and listened to his economists over the general population's setiment. Fireside chats were genius. Not to mention killing all those Nazis.

    A) Yeah Bush really worked us over, remember when he lowered interest rates to levels which encouraged speculative lending and borrowing, oops that was Alan Greenspan. Remember when Bush made all those policies that required mortgages be made available to low income individuals who couldn't afford them, oops nope that was Carter and Clinton. Remember his conflict of interest in relaxing lending standards for major mortgage lenders Fannie and Freddie, oops sorry that as the authority on all things financial your boy Barney Frank. I do remember when Bush bombed the shit out of Al Qaeda and the Taliban after muslim extremists killed a bunch of my countrymen on Wall Street, yup that was Bush!

    B) Study up on your history Vanilla. It can be argued that FDR's policies prolonged the depression and in fact it was only WWII that helped drag us out. The New Deal didn't restore employment. In fact, there was even less work on average during the New Deal than before FDR took office. Total hours worked per adult, including government employees, were 18% below their 1929 level between 1930-32, but were 23% lower on average during the New Deal (1933-39). Private hours worked were even lower after FDR took office, averaging 27% below their 1929 level, compared to 18% lower between in 1930-32. (WSJ)

    Bush was no mensa student I won't argue that, but he was a patriot an an unabashed defender of America which is a lot more than you can say for Obama.

    I feel like I've found my brother from another mother. Glad you don't subscribe to some folk's revisionist history.

    Regards

    "The trouble with our liberal friends is not that they're ignorant, it's just that they know so much that isn't so."
    - Ronald Reagan

  • Rain_Maker's picture

    Haha thanks bro....I like to operate in the realm of facts and reality.

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