The 2016 Presidential Election Trainwreck

[Jeff Lebowski]

I beg to differ. We have won more than one war since WWII. We have just failed to win the peace afterwards.

[byu71]

God bless America. Pre-market we up well over 50 points and opened up there. Major poll hitting all networks indicated 80% chance Trump, Hillary or Bernie win election. Market proceeds to drop over 170 points.

Around 12:30 it was announced although reported by all major networks it wasn't second sourced by any of them and no such poll exists. The market climbed to being down by only 5. God bless everyone's 401K's.


Just as a little added item. Remember when Bush suggested Americans could put part of their Social Security in the market. The democrats howled at how awful the idea was. They even laughed and did I told you so during the end or '07, '08 and the start of '09. Go back to where he suggested that and how the market has done vs the Treasury. Thank heaven for demo politicians and their great understanding on how to keep people dependent on them.

[Maximus]

Trumps campaign workers are as bad as he is

[YOUTUBE]d3scctsGFng[/YOUTUBE]

[Uncle Ted]

Hey, how about that... Ted actually does have a friend in the senate:

Cruz lands first Senate endorsement: Mike Lee

Utah Sen. Mike Lee endorsed Ted Cruz on Thursday, making him the first U.S. senator to back the Texas senator's presidential bid as he also "encouraged" Marco Rubio to get out of the race.


"If Sen. Rubio were asking me that, I would encourage him, and I do encourage him to get behind Ted Cruz," Lee told reporters.

It's a blow to Rubio, whose campaign is on life support as he seeks to avoid a knockout blow in his home state Tuesday. Lee made the announcement in Coral Gables, Fla., near Rubio’s hometown of Miami ahead of Thursday night’s GOP debate.


"I’m sending the signal that it’s time to unite," Lee said. "We as Republicans need to unite behind one leader."
[...]

http://www.politico.com/story/2016/0...ike-lee-220574

Mike Lee, the only more conservative senator than Cruz. Go figure.

[jay santos]

God bless America. Pre-market we up well over 50 points and opened up there. Major poll hitting all networks indicated 80% chance Trump, Hillary or Bernie win election. Market proceeds to drop over 170 points.

Around 12:30 it was announced although reported by all major networks it wasn't second sourced by any of them and no such poll exists. The market climbed to being down by only 5. God bless everyone's 401K's.


Just as a little added item. Remember when Bush suggested Americans could put part of their Social Security in the market. The democrats howled at how awful the idea was. They even laughed and did I told you so during the end or '07, '08 and the start of '09. Go back to where he suggested that and how the market has done vs the Treasury. Thank heaven for demo politicians and their great understanding on how to keep people dependent on them.

Does Cruz have a >20% chance to win? It looks like Hillary is a huge favorite right now, no?

[byu71]

How come nobody in the press will ask Bernie or Hillary these questions. I know why but I don't want to upset my good friend JL.

Question 1. How much of the bail out to Wall Street and the Banks is still owed to the taxpayers. How much of that do you expect will never be paid back and be a permanent loss to the taxpayers.

Question 2. Same question concerning the auto industry bailout?

Can anyone on this board answer the questions?

[Uncle Ted]

Yep, and Sean Smith's mother is a damn liar...

Sean Smith's mother doubles down... she is still a damn lair:

[Jeff Lebowski]

How come nobody in the press will ask Bernie or Hillary these questions. I know why but I don't want to upset my good friend JL.

Question 1. How much of the bail out to Wall Street and the Banks still owe the taxpayers. How much of that do you expect will never be paid back and be a permanent loss to the taxpayers.

Question 2. Same question concerning the auto industry bailout?

Can anyone on this board answer the questions?

Shouldn't that be a question to all candidates?

[Omaha 680]

Shouldn't that be a question to all candidates?

Sure. Which ones do you think could answer it accurately without prep time? I'm guessing only Kasich of the ones that are left.

[byu71]

Shouldn't that be a question to all candidates?

Excellent catch JL. Trump and Cruz are bitching about the bail out. Maybe Rubio and Kasich are.

I don't know if Trump and Cruz and bitching about Wall St. bailout and praising the auto bailout like Hillary and Bernie. Serious, excellent catch. Let me know if I left out anything else.

[Jeff Lebowski]

Sure. Which ones do you think could answer it accurately without prep time? I'm guessing only Kasich of the ones that are left.

It is the Google age! It just takes a few seconds.

http://finance.yahoo.com/news/financ...184624029.html

When all was said and done, the U.S. Treasury coughed up 3 billion in bailout funds.
Result: $46.2 billion profit (and counting)

I agree that it is a great question. Poor old '71 is so paranoid and rattled that he thinks everything I post is some kind of attack.

[Uncle Ted]

It is the Google age! It just takes a few seconds.

http://finance.yahoo.com/news/financ...184624029.html



I agree that it is a great question. Poor old '71 is so paranoid and rattled that he thinks everything I post is some kind of attack.

General Motors And Chrysler
When the U.S. auto industry was in danger of disappearing into oblivion in 2008, the Treasury stepped in with bailouts for General Motors Company (NYSE: GM) and Chrysler to the tune of $50.7 billion and $10.7 billion respectively.


In the case of GM, the government received a near-60 percent stake in the restructured company. The Treasury sold the last of its GM shares in late 2013.


Most of Chrysler's bailout money, meanwhile, was paid back by the end of 2011, when the government sold its final 6 percent stake in the company to Italian automaker Fiat.


Result: $12.7 billion loss

RMoney was right. Stoopid GM/Chrysler.

[Moliere]

RMoney was right. Stoopid GM/Chrysler.

My favorite part of every dem debate is when Hillary says the auto bailout saved the industry and 5 million jobs...as if the whole industry would have disappeared overnight and we'd be riding in horse drawn chariots today if the over levered auto companies weren't bailed out.

[PaloAltoCougar]

It is the Google age! It just takes a few seconds.

http://finance.yahoo.com/news/financ...184624029.html



I agree that it is a great question. Poor old '71 is so paranoid and rattled that he thinks everything I post is some kind of attack.

Perhaps because most of the blood in my brain has temporarily moved south to help process a horrendous lunch, but I don't understand the line "the U.S. Treasury coughed up 3 billion in bailout funds." It looks like they paid out a whole lot more than that, or is "bailout funds" something different from the many billions in expenditures referred to earlier in the article? In any case, it sounds like the government and taxpayer came out ahead, which is nice.

I'm reminded that at the time of the AIG bailout, I was told by a Washington insider of sorts that both the Defense and State Departments were lobbying hard for getting cash to AIG immediately, because if AIG had defaulted on certain of its overseas obligations they were certain the cost of the ensuing wars and conflicts abroad would have exceeded by far the AIG bailout amount.

And yet Bernie makes it sound like the bailout was disastrous for the taxpayers.

[Northwestcoug]

Perhaps because most of the blood in my brain has temporarily moved south to help process a horrendous lunch, but I don't understand the line "the U.S. Treasury coughed up 3 billion in bailout funds." It looks like they paid out a whole lot more than that, or is "bailout funds" something different from the many billions in expenditures referred to earlier in the article? In any case, it sounds like the government and taxpayer came out ahead, which is nice.

I'm reminded that at the time of the AIG bailout, I was told by a Washington insider of sorts that both the Defense and State Departments were lobbying hard for getting cash to AIG immediately, because if AIG had defaulted on certain of its overseas obligations they were certain the cost of the ensuing wars and conflicts abroad would have exceeded by far the AIG bailout amount.

And yet Bernie makes it sound like the bailout was disastrous for the taxpayers.

I saw that also. It has to be a typo, since he quoted a whole lot more than 3 billion in the rest of the article.

Since it's from Yahoo, I think we can dismiss the article entirely