52 Replies to “You broke it, you bought it.”

  2. Deja vu all over again! Europe leading/following. More to come. Roller coaster just starting its descent! Wee!!

  3. heh. That is just a small dip.Wait until the Zero prints another trillion to back his loans.Like Rome,another republic is going down the tubes.I feel sorry for our conservative friends to the south.Lock and load.

  4. The good ol’ US of A has officially reached the tipping point – this is another sad step to entrenched socialism.

  5. Lance, here’s another chart which I think would very nicely complement what you have put up:
    http://www.kitco.com/charts/livegold.html
    Cyan is gold price the day before the election
    Red is the gold price the day of the election, the spike occurred precisely when Obama was called the winner
    Green is gold price today

  6. I’m surprised that the Bernanke has not stepped in to purchase enough stocks to smooth things over on behalf of his pal Obama. On the other hand, maybe he is trying this but can’t keep up with the sellers.

  7. Like an alcoholic, they have to hit rock bottom before they will change. Maybe.
    Looks like it will take at least 8 years to recover from 2008’s recession. Or More.

  10. Also I am beginning to wish for a North/South union of like-minded provinces/states. Let the coasts rot in their ideological stench. Looks like I may have to move, hahaha. America, I also believe, cannot really call themselves a centre-right nation any longer. They are more like Canada than they ever thought possible. Perhaps they have to have their Trudeau years like we are just digging out of now. Problem is, I feel we may be slipping back into that cesspool as well.
    I had a feeling all this would happen. When the hurricane hit and I saw a Staten Island resident say on TV, “We need someone to come and tell us what to do and where to go and line up”, I thought…all hope is lost. This is a new America I have not seen before.

  11. Actions have consequences. Half the US electorate doesn’t believe that, but it is true notwithstanding.
    That’s why the dancing trolls don’t bother me today. We’re not wrong. We just don’t comprehend people who rip the shingles off their own roof and sell them, then whine when it rains and they get wet.

  12. I laughed at my radio this morning, although crying would be more appropriate.
    CKNW reported the drop in every North American stock market and blamed it on “financial problems in Europe”. WTF
    They could not think of any large events in the USA to explain it. Analysis (like math) is hard.

  13. Does anyone think Obama has enough skill to solve the US economic crisis while he is being impeached for his cover up of Banghazigate?

  15. Rick, welcome to the lying world of the MSM. They will carry Obama’s water forever. These bastards should be had up for treason.

  16. @ Fred:
    In a word: NO.
    The stock market is falling precisely because they elected the “Obama-Nation(tm)” who will deliver them yet again more ‘free stuff’.
    Where is that gal who said, “Obama will pay my mortgage and gas bill!”
    I expect the debt to be in the 22-25 trillion mark in 4 years; and gold and precious metals are likely to be a good long term bet.
    ‘Helicopter’ Ben will monetize their debt and things will get a little more rocky for the Israelis. Invariably some potentate overseas will get ‘brave’ and think they can take a ‘free shot’ and things will get a little messier foreign policy wise.
    Cheers
    Hans Rupprecht, Commander in Chief
    1st Saint Nicolaas Army
    Army Group “True North”

  17. Once again, the Republican Establishment has proven that the path to electoral success is to distance the party from advocates of small government, allow the left to smear social conservatives, nominate a flip-flopping, NE liberal, “likeable”, CEO candidate who promises to run the country like a business, who assumes that conservatives will show up to vote for the Republican because they have no where else to go politically, who refuses to attack his Democrat rival with the same vigor with which he attacked his own primary opponents, who focuses his campaign almost entirely on “moderate” and “undecided” voters who are assumed to want civility and compromise, who doesn’t challenge the basic premises of his Democrat opponent and who is unwilling to actively pursue racial and ethnic minority voters by unapologetically appealing to them using conservative arguments about culture, school choice, color-blind politics, religion, the eugenic roots of abortion and the rule-of-law.

  18. “Perhaps they have to have their Trudeau years like we are just digging out of now. Problem is, I feel we may be slipping back into that cesspool as well.”
    I feel that way too. Remember the poll that came out, oh, about a month ago, that showed a Justin Trudeau-led Liberal party would win nearly 40% of the vote in the next election? I gaped at it in sheer disbelief. Surely Canadians who have lived under a Harper government for the past 6 years would not be so shallow as to elect a pretty boy without an intelligent thought in his head trading on his daddy’s name? Surely the Canadian people wouldn’t permit such an outcome?
    I felt the same way about the American people until last night, that surely given Obama’s record of failure they would not re-elect him. Surely they would see through his lies, his empty speeches, his never-ending crusade to blame everything wrong in the world on Bush and the Republicans. His record was dismal and SURELY the American people would see through it! …
    And they reelected him.
    I no longer know what to believe. The world is not as I thought it was. I am a conservative who feels very much adrift this day.

  20. Well I wonder what the religious Conservatives think of the two hurricanes which helped the Democrats. The first reduced the Republican convention by one day and allowed the media to bring up all sorts of images of Katrina. The second allowed Obama to look presidential again after his listless and then mean appearance in the debates.
    Anyway the Republicans needed to lock up Florida and build from there. But they were too principled to nominate a young Mario Rubio as a vice presidential candidate (Obama was too inexperienced too, but he served his purpose for the Democratic Party).

  21. Never mind the stock market. If anyone thinks times will be bad with four more years of Obama, I would caution you to think beyond his second term and consider the destruction he will leave behind for generations with the packing of the Supreme Court with activist Democrat Justices. That will be the legacy he seeks.
    Scary.

  22. “…I feel sorry for our conservative friends to the south. …”
    Posted by: Justthinkin
    I feel sorry for them all to the south. But, yes, a great deal more sympathy for the right ones, who at least know why things are going wrong and speak and act for the real solutions.

  24. If the superstorm Sandy was in part responsible for yesterday’s outcome, then its true cost will start with a “t”.

  26. RE: Nicola T. at November 7, 2012 12:51 PM
    Nominating Rubio as VP wouldn’t have made any difference because
    1) people don’t vote for the VP candidate
    b) the Dems would have relentlessly smeared Rubio as a (food item that is brown on the outside and white on the inside), a traitor to all Latinos

  27. Eh. I’m sorry for the US conservatives, but the majority of the US voted this preening twerp back in, and they deserve some Karmic payback for that. If it takes a Great Depression to wake them up, so be it.

  28. I.M. I feel the same way. I also feel betrayed by our Prime Minister as our national debt is increasing at an alarming rate. I fear for my grandchildren’s future.

  29. @ Sadistic Eristic: It’s called the Harold Wilson syndrome. Your core vote has nowhere to go so you make concessions to the middle to get their vote. It doens’t work your core vote doesn’t vote. I think Romney is the Republicans’ answer to Kerry, a candidate indstinguishable except by label from his opponent.

  30. Mitt Romney; the best President the USA never had.
    They had a chance to vote for a turn around artist with an exceptional track record – exactly what they needed – and they blew it.
    There will be no recovery from this. The Zero will take them to places they have never been, and from where there is no return.
    Who will bail out the USA? The EU? Lots of luck with that one. God help us all.

  31. Oh, this is only half the story, lads. Government bond yields are down in the US today as well—that is, bond prices are up, which they shouldn’t have done if the banksters thought Obama planned to give them the Pierre Trudeau salute.
    To put it another way, if you make your living reaping where you never sowed—be you a bankster or a feral “community” member—you were cheering for Obama, and clearly expect him to now deliver on what he promised you, namely carte blanche to leave the plain people of America in Greek or Romanian-style penury as you make off with their birthright.
    If you’re the one who does the sowing, you’re in trouble.

  32. The Dow Jones is down the day following Obama’s re-election?
    Obviously it is Bush’s fault.

  34. Maybe he is the mesiah. I mean look all these leftist pundits were 100% right about the election. Maybe they’re also right that the problem with the US economy is that tax rates are too low and the government is not spending enough. Maybe Krugman is right and we need an alien invasion or some big natural disaster… maybe Sandy is what will bring about a new age of prosperity for all.

  35. I.M., McGuinty had a far more identifiable record of destruction for us than Obama had yet those in our major cities that have a vested interest in continually taking from the public treasury returned him to power. Even the bi-election in Vaughn when the debacle of the power plants were known gave McGuinty 51% of that riding vote!
    It has been said many times before, when you have more people that vote for a living than work for a living your society dies.

  36. I woke up on the couch and couldn’t believe what I was seeing on TV last night.
    32 year old Joe Kennedy III won in Mass.
    Here in Canada we have the rerun of the Trudeau love-in…state side the return of Camelot.

  37. Pull everyone back into the Hornburg. They will be burning throughout the Westfold eventually. There will be a domestic price, but pay the price whilst it can be paid with what is left – default on the debt to the Chinese orcs now and salvage what can be saved.
    Sooner or later, maybe later but before the end, extreme solutions to extreme problems will need to be tried to save what we can of Western civilization. Forget Europe; that place is on the block. But I bet if the best of US and Canada got together to be something else, our great wealth of natural resources and America’s means to develop them will ensure our way of life on an even keel with the Asian and Mideast blocks. Pax North Americana – we can start over before it gets too bad.

  38. Re: oldfart at November 7, 2012 1:29 PM
    thx, oldfart, I didn’t know it had a name. My point, of course, is that the strategy doesn’t work, at least not in American politics, yet the Repub Establishment continues to push it.
    As I see it, there are the following questionable assumptions involved:
    1) base voting is static, i.e. courting “moderates” doesn’t affect base voter turnout
    2) “independents” are monolithic in their policy preferences
    3) the policy preferences of “independents” are a mix of Repub and Dem policies
    4) the composition of the “independents” does not change from one election to another
    5) more votes would be lost by adopting a firmly ideologically conservative stand than would be gained
    The big Republican wins in my adult lifetime occurred in 1980, 1984, 1994 and 2010, all elections in which limited government was vigorously advocated. Every other national election involved an ideologically squishy message from the Repub Party and resulted in either a Dem win or a minimal win by the Repubs. Entire regions of the U.S. (the NE and the W coast) have been more or less permanently lost by the RP as it has promoted an ideologically unclear message in those areas. The electoral message couldn’t be clearer, but the people running the RP won’t let go of the program that they are pushing.

  39. Boromir, Son Of Denethor – “Even now there is hope left. But I cannot see it. It has been long since we had any hope. My father is a noble man. His rule is failing, and our people lose faith. He looks to me to put this right, and I would do it. I would see the glory of Gondor restored. Have you ever seen it, Aragorn? The White Tower of Echthelion, glimmering like a spike of pearl and silver, its banners caught high in the morning breeze? Have you ever been called home by the clear ringing of silver trumpets?”
    Alas for America. 🙁

  40. Watching last night I was struck by the fact that Romney basically had to win every battleground state to win the election, while Obama could have lost a bunch and still won. If the Republican nominee can’t count on places like Florida and Virginia (even NC was close) then they are screwed.
    2016 will be interesting cause I don’t know if the Obama coalition of blacks, Hispanics, young voters and single women will turn out for someone other than Obama.

  41. Smith & Wesson stock jumps after Obama win
    By Tiffany Hsu
    November 7, 2012, 10:45 a.m.
    While investors moping over President Barack Obama’s reelection sent the Dow spiraling down more than 300 points Wednesday morning, one sector is seeing a surge: gun manufacturing.
    Firearms maker Smith & Wesson Holding Corp. surged 10.8% to $10.48 a share in morning trading, more than double its price at the beginning of the year.
    Sturm, Ruger & Co. Inc. got a 6.4% boost to $47.48 a share, a 39% increase from early January
    The impetus? Gun sales are expected to boom now that Obama, who said during one presidential debate that he’s open to reintroducing an expired ban on civilian purchases of assault weapons, is returning to office.
    http://www.latimes.com/business/money/la-fi-mo-gun-sales-smith-wesson-obama-20121107,0,5868311.story

  44. I put my sell order in at 9pm last night for all my stocks, bonds, and mutual funds that had any US holdings(most held around 20-35% in US companies). So now my portfolio contains no more than 2% US composition.
    Yep, enjoy it there Americans.

  46. The whole Western World lost last night. Its just not America now in decline , but the whole West. Frankly I think our society is under Gods judgment. The carnival is over.

  47. It’s not just the west. You think the chicoms can survive the US not buying their stuff or even worse a US debt default?

  49. Made an appointment with my financial adviser for tomorrow, I am switching to Canadian bonds. I have no intention of allowing liberal Americans to destroy my financial future.

  50. On a positive note, shares in gun maker Sturm Ruger went up almost 7% today. There has to be ways to make money out of this. If anyone has any picks please share.

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