Not unrelated

Two stories on Drudge this morning about the way of world at the moment. I don’t have to tell you who “his” is:

SHOCK POLL: 71% of supporters ‘regret’ voting for his reelection…

And then this:

Soros bets big on market crash…

We are, as always, in uncharted waters but somehow this feels different, with the captain on the bridge a full fledged incompetent who not only does not know how to avoid the rocks, but actually continuously seems to be guiding the US, and therefore all of us in the West, towards them.

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68 Responses to Not unrelated

  1. feelthebern

    A world of caution.
    The Soros filing is at 31th Dec.
    It’s now, 19th Feb.
    That position could be vastly different by now.
    That said, the below link to the WSJ caught my eye.
    What could possibly go wrong?

    U.S. Household Debt Has Largest Quarterly Increase Since Before Recession
    Americans increased their borrowing at the end of last year as their confidence improved, resulting in the largest increase in household debt since before the recession.
    Household debt, which includes mortgages, credit cards, auto loans and student loans, jumped $241 billion, or 2.1%, between October and December to $11.52 trillion, new figures from the Federal Reserve Bank of New York showed. That was the biggest quarterly rise since the third quarter of 2007, just before the recession began.

  2. lotocoti

    That Bronco Bama poll might be a little overcooked.

  3. JC

    Steve

    You gotta be careful reading into anything Uncle George says and does. He’s very cagey and dishonest when discussing his positions and talks his book whenever possible.

    Also, you can interpret the put option against the S&P actually being bullish prognosis for the stock market. Often times, when traders are slanting in a bullish or bearish direction they will buy an out of the money option in order to take some protection in case the market does what you don’t want it to.

    There’s one golden rule… always ignore what you hear the large traders are doing… with the exception of David Tepper.

  4. Luke

    The problem with Soros is that he’s like a gambler that gets to tell the casino what cards he’d like next in the deck.

  5. Arnost

    The issue is that people take very careful note of what Soros does. And the technical traders in particular. Gives the herd a direction – and when compounded or reinforced with vague correlations like in the below – a self fulfilling one…

    http://confoundedinterest.wordpress.com/2014/02/11/1929-crash-again-chart-of-dow-jones-industrial-average-today-versus-1928-1929/

  6. Andrew

    Funny how the US economy has accelerated ever since the GOP House started enforcing the EXACT OPPOSITE of the policies of the Kenyan (and his corrupt cheer squad Kruglitz and Stigman). Budget deficit could start with 2 in CY14 (vs 10 at the peak). In fact their unemployment and deficit will cross ours this year.

  7. Michel Lasouris

    Well, well. well. Mr Soros again. Perhaps the once reported investigation into serious money market manipulation has something to do with this. I well remember a prominent local businessman telling me that for a paltry AUD14m, it would be possible to manipulate the Australian currency to generate a nice little earner. Indeed a Swiss client of mine reputedly did just this for a living Australia’s economy is seen as wealthy, stable and above small enough to manipulate without making too many ” waves”
    Does anyone know how the investigation into currency market manipulation is progressing? It seems it’s gone a bit quiet lately.
    I’m still puzzled that Australia’s share index is loitering about 5400 ( 80% of the 2008 high) whilst all the economies that the idiot Swan claimed were failing ( US, UK, France et al) are without exception soaring above their 2008 benchmark.
    Why?

  8. gabrianga

    Even one of the leading spokesmen of Hollywood’s “Loony Left” , Oliver Stone, has turned on the “Chosen One” describing him as “spineless” link

  9. pseudonym

    Steve,

    Please don’t take this the wrong way, but zerohedge.com is not known for reliable reporting. Also, they like to run a lot of ‘bear’ stories and they seem to have a fondness for conspiracy theories of various kinds Of course, they might be correct on this particular report, but I think people should be a little careful of what they read on that website.

  10. john constantine

    imagine if a big trader like soros could short sell the market,then donate enough money to enable the election of lefties like gillard and obama that would gut the business economy in favour of feeling righteous. come in spinner.

  11. Leo G

    SHOCK POLL: 71% of supporters ‘regret’ voting for his reelection…

    Of the other 29% of his supporters, how many didn’t ‘regret’ voting for his reelection because they didn’t vote for his reelection (for whatever reason)?

  12. Michel Lasouris

    Aw…c.mon Winston. That is entirely unsupportable. But there is someone manipulating something.
    When all is said and done, what is the REAL reaso0n for a strong economy such as Australia to lag so far behind in the overall strength of their stock exchange? Surely someone/ something is wrong?

  13. Yobbo

    You just don’t get it Kates.

    People will not vote republican again until you drop the religious nuts.

    It doesn’t matter who the Democrats run, the average person is terrified of the fucking loonies in the republican party.

  14. Yobbo

    You just don’t get it Kates.

    People will not vote republican again until you drop the religious nuts.

    It doesn’t matter who the Democrats run, the average person is terrified of the fucking loonies in the republican party.

  15. JC

    So Boehner, Mitchell, Cruz and Rand Paul are all religious nutballs, Yobbo?

  16. JC

    Of course Romney was seen as a religious nutball and so was his running mate

  17. Infidel Tiger

    Romney lost because evangelical Christians didn’t vote. If they turned out in the same numbers as for McCain, he wins.

  18. JC

    IT

    I’m not entirely sure those Christians stayed home because Romney is a Mormon. I dunno what it was but there just weren’t enough people energized about Romney and there weren’t enough people pissed off at the Kenyan at the time.

    The real presidential term of office is generally seen as 8 years with an electoral veto mid way through.

    I think Rand Paul’s ideas on how to break through to the minorities makes sense to me.

    Here:

    In the short speech, Paul talked about how the so-called war on drugs has disproportionately incarcerated blacks and Latinos, and said he was advocating that judges have more discretion during sentencing in drug cases. He also mentioned that many convicted felons can’t vote and have trouble finding jobs, which makes their lives more difficult.

    “Something has to change,” he said. “The war on drugs has gone awry.”

  19. JC

    Easing up on the war on drugs alone would most likely save the US $100 billion

  20. WhaleHunt Fun

    The leeching parasites in the US outnumber the workers who create wealth. So the scum will win every election. There can be no swerve from the road to doom. The US will be ruined. Shame really. I would love to be wrong. Perhaps a US version of Pol Pot or Mao will arise and save the nation by cleansing, but I doubt it.

  21. Fisky

    The Republicans have got to stop fighting on the Democrats’ terms. First of all, they need to get their candidates to sign a code of conduct that binds them not to make any crank statements about, to take a few examples, rape, creationism, and vaginal probes.

  22. Fisky

    I think Rand Paul’s ideas on how to break through to the minorities makes sense to me.

    The minorities will care more about keeping their (publicly funded) health insurance than the war on drugs. But at least recognising the racial aspect of the war on drugs is a good start.

  23. JC

    Whalehunt…

    One also needs to be optimistic. With a decent set of policies crafted to the minority vote along the line that Paul has been outlining could help push some of them towards the GOP and also help garner more support from the white vote. All this without having to negotiate away your principles.

    The more I hear from Paul the more I really like him.

  24. Yobbo

    So Boehner, Mitchell, Cruz and Rand Paul are all religious nutballs, Yobbo?

    No, but the republican party is full of sitting senators and representatives who are. People like Michelle Bachmann and Rick Santorum are embarrassments who scare undecided voters away from the republicans.

    Why don’t they get rid of them? Because many other republicans and their voters secretly agree with their theocratic goals.

    Everyone knows this. People do not want to live in a religious theocracy, and they will not vote for a party that clearly has designs on instituting more religiously-derived laws.

  25. Fisky

    Also, what is the Republicans’ middle class message? Taxes on the median income could barely come down any more. Energy policy could make a difference. But all the low-hanging fruit on taxes was plucked by Reagan/Bush. Obama offers free stuff, and it’s pretty hard to counter that.

  26. JC

    Fisk

    I believe Rand discussed the possibility of vouchers in healthcare insurance. There’s now way the GOP is going to get a heavy duty black or Hispanic vote. It’s a peel a little away strategy.

  27. Yobbo

    “I’ve struggled with it myself for a long time, but I came to realize that life is that gift from God. And even when life begins in that horrible situation of rape, that it is something that God intended to happen.”

    ~ Some idiot republican last year.

  28. JC

    And you seriously think Romney lost the election because of that statement?

  29. Yobbo

    How non-christians see this quote:

    “Rape is a gift from god.”

  30. Yobbo

    Yes JC, I seriously believe the republicans lost the election because the young and increasingly atheist population of the USA are terrified of a party that has so many religious fundamentalists in it.

  31. Fisky

    There’s now way the GOP is going to get a heavy duty black or Hispanic vote.

    Right, but the point is to figure out the approach. It is much better to get through to them on healthcare than to create 11 million new Democratic voters and hope some of them will support you out of gratitude. And highlighting the racial angle on the War on Drugs will help too.

  32. JC

    I dunno why that moron made such a comment. Every single reported rape always means a hospital visit for the victim and the curette administered, meaning there’s almost no possibility of pregnancy.

  33. Yobbo

    And it’s not like this is an isolated incident. Like Fisky says, Republicans vomit out this bullshit all the time.

    http://www.addictinginfo.org/2013/07/16/the-party-of-rape-culture-40-republican-rape-quotes-everyone-should-remember/

    And then there’s the creationists who want the bible to be taught alongside actual science as two “competing theories” in public school science classes.

    http://www.addictinginfo.org/2014/02/19/history-republicans-evolution-just-theory/

  34. JC

    Yes JC, I seriously believe the republicans lost the election because the young and increasingly atheist population of the USA are terrified of a party that has so many religious fundamentalists in it.

    Bullshit. Outside of the big cities Americans are a pretty religious lot, or at the very least openly speak about their belief in god without any embarrassment. You really think the GOP should simply turn away a huge slab of their voters, Yobbo? That would be fucking crazy.

  35. Yobbo

    Outside of the big cities Americans are a pretty religious lot, or at the very least openly speak about their belief in god without any embarrassment.

    And those people already vote republican. But they are a minority and a shrinking one at that.

  36. Fisky

    What a lot of Republican supporters don’t understand about these awful rape quotes is not simply that the quotes themselves are bad (although they are really fucking terrible), but that actually trying to defend them, justify them, or whatever, only prolongs the debate about a subject that the Democrats themselves want to debate forever. I mean, the DNC would LOVE the 2016 election to be one long symposium on whether God really does intend a rape-fertilised egg to go to full term, and they don’t have to worry about the substance of the arguments, because so long as the debate is happening, the GOP loses (they will never break 20-25% on that side of the pro-life argument. Ever).

    The ALP make the same mistake on asylum seekers – wrongly believing that yelling about specifics, burned hands, torture, Indonesia, etc, will change the terms of the debate, when simply having the debate itself is strangling the life out of them.

  37. .

    If the huge slab of their voters is less than what they would pick up, sure.

  38. Fisky

    And then there’s the creationists who want the bible to be taught alongside actual science as two “competing theories” in public school science classes.

    There are some real openings against the Left in Australia on the creation science front, because they want to teach indigenous serpent legends in science classes. The Left’s War on Science (which extends to denying IQ, sex differences, cheap energy) is a meme that could be used to some effect in future.

  39. JC

    And those people already vote republican. But they are a minority and a shrinking one at that.

    Shrinking? Are you crazy. They’re out breeding the left. As example by 2050 there will be 75 million Mormons in the US and if demographics is destiny as Steyn once suggested the city slickers are goners.

  40. JC

    (which extends to denying IQ, sex differences, cheap energy)

    and of course Frankenfoods… LOL

  41. Fisky

    There is a way the Republicans could use the religious card against the Left (once they’ve neutralised their own weaknesses on creationism, vaginal probes, etc). And that’s the Left’s hostility to freedom of association. Passing ballot measures giving religious organisations total freedom to decide who they want to marry on their premises will drag the Far Left out of their hidey-hole and create trouble for the Democrats.

  42. JC

    Fisky

    I’m not sure that’s the case with abortion in the US. I don’t think the problem is that GOPers oppose abortion as such. I reckon the majority of Americans have a disdain for it. I think the real problem is that some are concerned the GOP will go all out and prohibit it. That’s where the real problems is.

  43. JC

    Incidentally I also don’t think the white vote is maxed out there either if coddled and caressed properly.

  44. Infidel Tiger

    If Romney had picked up 75% of the Latino vote he still would have lost. He picks up 5% more of the white vote, he wins.

    Screw the black and Latino vote. The. Republicans need to get back in with whitey.

  45. Crossie

    The leeching parasites in the US outnumber the workers who create wealth. So the scum will win every election. There can be no swerve from the road to doom. The US will be ruined. Shame really. I would love to be wrong.

    And the same will happen to us with the influx of welfare shoppers and the exodus of manufacturers.

  46. JC

    Screw the black and Latino vote. The. Republicans need to get back in with whitey.

    That’s what I said after the election and was branded a racist goon. For the GOP it’s all about the white vote I reckon and making sure those fuckers go out and vote.

    However there’s no harm in the Paul thought bubbles either as the war on drugs has been an unmitigated fucking disaster.

    Also, to get more of the white vote the party has to list more libertarian I think.

  47. JC

    The one political ideology which completely disarms the left.. sends the fuckers in to madness and is a silver cross to them is Libertarianism. They have no ready answers because it fucks them on all sides.

  48. Fisky

    I think the real problem is that some are concerned the GOP will go all out and prohibit it.

    That’s the problem – only the 20% fringe of public opinion support a total ban. It’s never gone above that level in 40 years.

  49. Yobbo

    The republican party will never be libertarian though, because it’s full of Christian theocrats.

    The US already has a libertarian party. Should be supporting them.

  50. JC

    The republican party will never be libertarian though, because it’s full of Christian theocrats.

    That’s just not true. In any event libertarians are making inroads into the GOP. You Realize Rand Paul could very well be the candidate, right? He’s a serious contender, so where does that take your theory.

  51. JC

    The US already has a libertarian party. Should be supporting them.

    It’s a spoiler party with no hope of ever winning.

  52. Oh come on

    What a lot of Republican supporters don’t understand about these awful rape quotes is not simply that the quotes themselves are bad (although they are really fucking terrible), but that actually trying to defend them, justify them, or whatever, only prolongs the debate about a subject that the Democrats themselves want to debate forever. I mean, the DNC would LOVE the 2016 election to be one long symposium on whether God really does intend a rape-fertilised egg to go to full term, and they don’t have to worry about the substance of the arguments, because so long as the debate is happening, the GOP loses (they will never break 20-25% on that side of the pro-life argument. Ever).

    I don’t understand why the SoCons refuse to countenance what a massive turn off this is to independent female voters. It, fairly or unfairly, confirms in enough female minds the bullshit that the Dems use to slander the GOP’s policy platform (the Republican War on Women etc).

    Romney should have won the last election. Obama was lucky, and he’s the kind of politician who squeeze as much as he possibly can out of his luck. He was lucky because of Sandy. (An act of god, sure…and Christie didn’t help, fine.) And he was lucky because of Mourdock and Akin. Their inputs into the campaign was invaluable to Obama’s team, who knew just exactly how to mold, misrepresent (or not) and massage them into whatever misconception would be most offensive to whatever demographic they were targeting in whatever swing state.

    Romney did everything he could have. He won the debates, focused like a laser on the things that matter to most people (the economy, national security and NOT social issues). However, the completely unfair portrait the Dems were able to paint of him caused significant damage because of the ill-disciplined religious So-Con interjections from Mourdock and Akin. Yet after the loss, caused in significant part by the unwelcome and unintended outbursts by Akin and Mourdock, SoCons claim the problem was not that SoCon holy cows had been unfairly elevated to a prominence that would not be reflective of a Romney Presidency and was consequently not part of Romney’s candidacy – oh no. Their problem was that Romney didn’t go in hard enough to campaign on abortion and birth control and so on; this should have been a central part of the campaign.

    Fark. I bet these people also (quite rightly) castigate Krugman’s idiotic claims that the stimulus spending during the GFC failed because the stimulus package was much too small.

  53. Motelier

    Time for Motelier to be keybashed.

    Why the fuck are we devoting lots of pixels to the degenerated USA.

    This an open question.

    They are national/financially screwed to the wall and have no where to go.

    Just sit on the sidelines peoples and either chew popcorn, or by and sell shares.

    Either way you get a good feeling.

  54. JC

    OCO

    Ten million less people voted for the Kenyan in 12 than in 08. If anybody had suggested those numbers before the election the 100% full proof prediction would have been that he would lose badly. Unfortunately around two million less people voted for Romney than they did for McCain.

    Look, Romney could have done much more than he did. The fucker took all of August off, FFS. Great message.

  55. JC

    Why the fuck are we devoting lots of pixels to the degenerated USA.

    Because Mote, an economically strong, vibrant US means a peaceful world with rising living standards.

  56. Fisky

    Why the fuck are we devoting lots of pixels to the degenerated USA.

    To discuss ways to avoid the same outcome in Oz.

  57. Oh come on

    The American Libertarian party sucks, unfortunately. They don’t have the discipline to ever get anywhere, and they’ve institutionalised Libertarianism to the extent that many American libertarians I’ve spoken to will correct you if you describe them as ‘Libertarian’ – they are libertarians. They don’t want to use the word as a proper noun, as they are very much not members of the Libertarian Party.

  58. Oh come on

    I think Romney ran the best campaign he could under the circumstances. He should have won. But events outside of his control (ie Sandy), plus the damaging fallout from friendly fire (which the Obama microtargeting strategy exploited with wild success) sunk him.

    I learnt a few lessons from 2012. Prior to, I vastly underestimated the importance of the ground game on election day. I thought microtargeting to certain demographics in swing states was a gimmick (I thought voters would be looking much more at the big picture), but I was absolutely wrong about that.

  59. JC

    The one thing I learnt about US elections is what I always knew about US elections. Don’t make any fucking predictions because it’s just too complex and difficult. If you make a predictions, don’t bet money on it unless the odds are overwhelmingly good. :-)

  60. Oh come on

    Why the fuck are we devoting lots of pixels to the degenerated USA.

    Because, in spite of the Republic starting to degenerate, it’s still the great hope of the world for those who love liberty.

  61. “Because, in spite of the Republic starting to degenerate, it’s still the great hope of the world for those who love liberty.”

    America long ago sacrificed liberty on the alter of money and security, and now they’re running out of both…

    Fancy that…

  62. Oh come on

    Well, the American government did that (aided and abetted by large numbers of Americans, granted). However, the idea of America is extremely powerful, and redemption is possible.

  63. WadeJ

    Drudge does some crazy headlines but that 71% figure is out of the 21% that would not vote for Obama.

    So 21% would not vote for Obama today, as opposed to last year. This is a self-reported sample saying they voted for him in 2012 and wouldn’t today. Out of THAT 21%, 71% regret their decision.

    Let’s be clear that’s a crazy conclusion and there is a never a 20% swing in American Presidential politics. It’s all at the edges and always will be.

  64. WadeJ

    As a follow up, that 71% was from a sample of 35 people! Good to see Kates is dishing this weak crap to his Cats.

  65. Yobbo

    Kates is the worst writer here, every post is the same and they all suck balls.

  66. JohnA

    JC, you quoted:

    “Something has to change,” he said. “The war on drugs has gone awry.”

    But can you imagine Churchill saying after Dunkirk:

    “Something has to change,” he said. “The war in Europe has gone awry.”

    and then giving up?

  67. JohnA

    Yobbo #1195946, posted on February 20, 2014 at 12:01 am

    The republican party will never be libertarian though, because it’s full of Christian theocrats.

    You’re not half a religious bigot are you, Yobbo?

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