Fiscal Cliff Showdown

[liberty]

Bill O'Reilly made a good observation about the reasons for Romney's loss last night on Fox News. Basically, when Romney won the first debate, a deliberate decision was made to take zero risks after that and to make no controversial statements on any subject, the objective being to coast to victory on sheer momentum. Then along came Hurricane Sandy which took Romney out of the public eye for several days while putting Obama front and center. That was enough to slow Romney's momentum and it cost him the election. But to blame the loss on the Tea Party is absurd. Romney spent much of the campaign distancing himself from the Tea Party so thoroughly that by the third debate he was agreeing with Obama so much you'd swear they were twins.

If Americans reject the Tea Party so much, how did they ever make so many gains in the 2010 mid-term elections?

Far too many Americans are more interested in preserving their unsustainable entitlements than they are in preserving their liberty. Same goes for Canadians. We've morphed into a consumption-crazy family that refuses to consider the possibility that we are headed for bankruptcy.

[cottonpicken]

Mustard tell me what you think of this nut.

http://www.youtube.com/watch?v=jKsZM181bSk

[liberty]

If you want to know why our economies are on the brink of disaster, engage a recipient of a government subsidy (tuition, medical care, farm aid etc.) on the subject of subsidies. Ask them if they would be willing to go without their subsidy in the interests of debt reduction. Almost invariably, they will tell you that everyone else can do without their subsidy but not them. Obviously, if most recipients feel this way and vote accordingly, there's no way out of this situation. National bankruptcy is the only option.

I still run into people who are bitter about subsidy cuts enacted by Chretien in the 1990's. For that matter, I've met people from New Zealand who still complain about spending cuts enacted there in the 1980's. As if there was some other alternative. As if the economic growth that resulted from a smaller state sector could have been achieved in some other way. Sorry, folks, there was no "other" way. The spending cuts could not have been "slowed down" somehow. When you go bankrupt, it usually happens quickly. You lose the luxury of time when you live beyond your means.

[Fransisco]

I agree with the statement that Republicans decided to try and coast to victory instead of going hard right to the end.

As far as the tea party influence goes, I don't see a the negative backlash from that. If anything the tea partiers made gains in this election.

What I do see however is social conservatives unnecessarily costing Republicans the senate at the last minute with ridiculous comments about **** and abortion.

[cottonpicken]

I agree with that liberty.

Reading my wife's Facebook page and so many happy
happy people that the devil wasn't voted in based on
some idiotic social subject like abortion,which should
have nothing to do with anything and being
completely in dark on the economic reality of what
awaits us.

9 years ago i started following some very bright
analyst's who got me into gold based on whats
happening today,we are in a totally predictable
situation.

Yesterday i heard a horrifying,but
predictable/probable,scenario where it will be
impossible for anyone to protect their wealth,even the
ones who had the brains to buy gold.

Long story short,horrible tax laws like france's 75%
tax on wealthy people and complete monitoring of all
transactions will bring the hammer down on
everyone.

It doesn't take much imagination to see priminister
trudeu handing out a resource tax to western canada
when the next crisis hits.

[bgmb]

I had to laugh on the facebook comments too, actually they make me want to puke! Self absorbed, live in a bubble urbanites so happy about the first half black president of the US getting back in over the evil conservative with a hidden agenda.

[Fransisco]

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[Fransisco]

Further to Liberty's comment on subsidies and entitlements. I run into people all the time who won't even admit that they're getting subsidies. Seems like the first rule of supply management is to deny that its a subsidy. Then there's this guy I know who's getting a monthly welfare check that he calls his "pension".

[wilagro]

That's okay, I get three pensions and call them my pay checks...pay for putting up with wasteful governments who blow billions on bullshit projects and corrupt businesses who suck off the taxpayer's dollars all the time.

[Fransisco]

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