GOP takes house and senate
happy as fu*k lol. what do you guys think
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I'm pleased that Obama will be even more miserable and hemmed in, but nothing is going to get done. I'd like to see some pro business legislature to help continue this paper economic recovery though.
I think there are two very interesting things to consider about yesterday's results:
1) The GOP now has the largest majority in the House since WWII, which shows a very strong national sentiment that the national media has been trying to hide for awhile.
2) The GOP senate victory in Florida could have big implications on the 2016 Presidential election and I feel that FL is one of the most important states for either 2016 candidate to win.
We see these swings often (re Bush in his second term), but it just further reinforces Obama's fall from grace. I hope Republicans can do some good to bolster their nomination in 2016. All I know is I am happy that Obama will sooner rather than later be leaving the white house. What a mistake people made with this guy.
Agreed. I just hope they don't F*** this up, this is a really big chance although I suspect very little will get done in the next 2 years. Would be a nice time to get some of the FAR left SCOTUS members to retire, but I doubt seriously that will happen also.
Agreed that swings normally happen as every president since WW2 has lost party control in midterm elections after being re-elected. But with that being said nothing substantial will likely get done as Republicans can continue their current strategy of not willing to work with Obama and come to a deal to pass any sort of legislation, so more of what we have endured for the past 6 years will continue. It would be nice if the new majority could some pass a form of tax, immigration, and regulatory reform before the elections in 2016 but they wont because they refuse to pass anything while Obama is President.
Which leaves me disgusted with both the whole process as both sides put party ahead of the good of the country. Congress and the President have failed this country miserably, it takes two to dance while making legislation and both sides are acting like 6th graders and are being stubborn like the other side of the aisle has cooties. Both branches need to grow up and realize their failures have real effects on business and the lives of Americans.
The problem is that the republicans will see this as a broad mandate to propose things that are too far right for most of the American public and that won't get passed anyway (very similar to how when the Dems took over the House they put Pelosi in as Speaker rather than someone more moderate and from a less controversial district-the country didn't put the dems in power and then elect Obama because they necessarily wanted to go far left, they just wanted to balance out the Bush years and it was largely a reaction to Bush, just like this is a reaction to Obama). And since the primaries are basically going to start now, the right will feel emboldened and more powerful than they actually are and incorrectly gauge the general electorate. Then they'll put up a candidate that's too far right on any number of or all issues-economic/regulatory, social, whatever- and end up with a candidate that's not electable beyond those who vote in primaries.
These parties are just some of the most idiotic entities one could ever conceive. A pure and rather extreme dogmatic approach to governing doesn't work in a representative republic when most of the people are in the middle.
Agreed. Republicans need to step up or there will be backlash.
The best thing they can do is act moderately. Because anything they do will be attributed to "conservatives" as a whole. If they de-regulate and it causes issues; you better believe that they will be blacklisted. Anyone in financial services or O&G industry is going to have a good 2 years and it'll only get better IF and big IF a R get's into presidential office in 2016.
Although it isn't popular here, I'm pro-regulation. Does it stunt growth, yes, technically. However any growth from unregulated processes or industries is growth which shouldn't be condoned or desired. It's not all bout the P&L its also about stability even if that means incremental growth.
I think one of the problems with regulation is you have people creating regulation who have spent their entire career in government. They don't have the real world perspective on how that regulation will affect the businesses. One of the issues is the government doesn't pay market rate for industry talent, which keeps all of the sophisticated finance / economic knowledge in the private sector. And as a result, you get politicians with little to no economic knowledge preaching about the economy and pushing reform.
The day I pay attention to politics is the day I start watching the Real Housewives of New Jersey. Waste of energy.
Well, don't complain then when you don't like a policy.
I don't complain. But enlighten me, how does getting into debates online or at dinner parties change policy?
I don't care about politics at all but in my experience people who vote republican tend to be much more douchey
Vote Party A Party A does nothing for 8 years Vote Party B Party B does nothing for 8 years Vote Party A
Repeat
Yay Politics
I all I know is my tax basis keeps going down. I could care less about social issues. And regulation is bullshit. Anyone working at a bank can attest to this. And the level of SEC regulation for private equity funds is becoming burdensome also.
Just a friction cost.
Everything in life can be summed up with a reference to South Park.
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