Embittered election postmortem (please let's just have this one thread to vent)

[King]

Antonio, you just haven't been following American politics long enough then. People you find despicable have won elections in this country before and they always will.

[King]

Jesus Christ this thread. The arrogance, narcissism and general delusion of the majority of the posters in this thread (many of whom manage to be perfectly reasonable most of the time) is just... staggering. I mean, throwing around terms like 'morally indefensible', an 'ideology that is an affront to man and God' (paraphrasing), 'the neanderthal age', 'evil', 'morally depraved'. What planet are you living on? An election has come and gone and the Republican party have taken a narrow majority in the Senate. So what? The world still turns, the Sun still shines, the birds still sing. Instead you'd think that Sauron had been reunited with the One Ring, judging by the comments here.

This thread is basically just an excuse for a bunch of woebegone politics junkies to engage, with other woebegone politics junkies, in hyperbolic, hypocritical moralistic cant. That's the sickening thing here, not that a bunch of perfectly nice people have defeated a bunch of other perfectly nice people in an election that probably won't change a lot anyway (given the lack of a filibusterproof majority and the Presidential veto). Seriously, go to a mirror, slap yourselves repeatedly, then read a good book. You'll feel much better.

This is just a way for some red avatars to let out their angst over losing the election.  I wouldn't take whats said here too seriously.

I'll admit it is pretty funny to see the red avatars just losing it. I kind of wonder if the blue avatars did the same in 2008, though.

2008? Go back to 2012 and find posts of people like azmagic declaring that the stock market will crash 10,000 points, unemployment will be 80% and the world will be a postapocalyptic nightmare before we even get to 2014.

[King]

I'd be pleasantly surprised if this election affected policy outcomes.

More likely than not, Obama will not sign anything. Less likely than not (but still likely), the incredibly far right in the House and Senate will feel so "empowered" that the Republicans themselves will fail to even get many bills to the President for veto because they will be rejected for various petty infighting. I also really doubt Boehner and McConnell are on the same page. They certainly have not been in the past.

Remember, the Republicans controlled both houses before 2006 and struggled with partisan infighting to get anything for BUSH to sign. This is an even more ideological purity conscious GOP Congress.

I'm really concerned that once the afterglow fades on this, Capitol Hill will turn into a circus.

[King]

One good thing about this election that benefits all Americans is that conservative rich people, especially bankers, who were holding onto their money out of fear of the Democrats will likely be empowered to spend and invest even if nothing concrete as changed to the law. Republican wins like this DO historically inspire investor confidence and that will lead to a slow but eventual clearing of all the stimulus money banks have been hoarding.

[King]

One good thing about this election that benefits all Americans is that conservative rich people, especially bankers, who were holding onto their money out of fear of the Democrats will likely be empowered to spend and invest even if nothing concrete as changed to the law. Republican wins like this DO historically inspire investor confidence and that will lead to a slow but eventual clearing of all the stimulus money banks have been hoarding.

Then all of the doomsayers about hyperinflation start to look slightly less crazy...

No. The overabundance of domestic oil and gas will deflate the cost of production across markets to counteract any inflationary investing.

[King]

One good thing about this election that benefits all Americans is that conservative rich people, especially bankers, who were holding onto their money out of fear of the Democrats will likely be empowered to spend and invest even if nothing concrete as changed to the law. Republican wins like this DO historically inspire investor confidence and that will lead to a slow but eventual clearing of all the stimulus money banks have been hoarding.

Then all of the doomsayers about hyperinflation start to look slightly less crazy...

No. The overabundance of domestic oil and gas will deflate the cost of production across markets to counteract any inflationary investing.

So Obama is going to reverse course and approve Keystone XL and expand offshore drilling?

Perhaps, but Keystone XL has nothing to do with it.  Construction of it may cause serious deflation if we added Canadian oil production to the mix.

I don't know how much you pay attention to the market but oil and gas prices are collapsing even without KXL.  United States drillers in the Southwest are finding enough oil and gas through fracking to make the Canadian oil sands a luxury. Reserves are stock piling and even the Saudis are cutting prices.

Even T Boone Pickens is saying we need stop drilling for awhile (but we're not) http://www.cnbc.com/id/102152067