"Jeye, I am NOT worried about the election outcome, not even for a moment. Secretary Clinton will become Madame President, by a landslide margin. I remain confident Democrats will regain a majority in the Senate and reduce the Republican majority in the House of Representatives."
Anyone that thinks they know the outcome of ANY election 5 months in advance is a fool. There are so many events with unknown outcomes yet to be realized, it is too difficult to know regardless of the polls one sees today.
As has been already pointed out by Cheblammo, obviously there is sentiment in England, much the same as here, for an anti-establishment politician (regardless of their fitness to govern), to be able to gain popularity for their causes. Don't start fitting the crown just yet.
"The Sun Just SAT on the British Empire"
For maybe the first time, I think Pistol is dead right. Let's just think about this, there are too many parallels between the US and England. Both are declining politically and economically. In both countries the manufacturing base is disappearing, and in both countries their influence around the world is declining.
Now England has cut off ties with the continent both politically and economically. From an economic point of view, England will no longer benefit from the favorable trade status that membership in the EU provided it. Thus, imports from Europe will cost more, and their exports to the continent will be subject to different trade status which will be a disadvantage.
On the other hand, they will no longer need to subsidize loser countries like Greece, Italy, and Portugal either. I also noticed that the FTSE 100 lost less than nearly all of the other world markets.
One other similarity. The favored politician to take Cameron's place is Boris Johnson, the former Mayor of London. Where's what Wikipedia has to say about him:
"Johnson is a controversial figure in British politics and journalism. Supporters have praised him as an entertaining, humorous, and popular figure with appeal beyond traditional Conservative voters. Critics have accused him of laziness and dishonesty, using racist and homophobic language, and elitism."
Hmmmm. Remind anyone of any American politicians?
It remains to be seen who this little adventure plays out for England. And I hope the lessons for us are not lost.
"There is bound to be a range of views. And I wouldn't — I could not vote for Mrs. [Hillary] Clinton."
And there you have it. Rumsfeld (and Jeye) would vote for Jack the Ripper if he were a Republican. It doesn't have anything to do with their views on various issues, or their qualifications, or anything else. All that matters is that Trump claims to be a Republican. And by the way, I could name several posters on this board who are equally blind as regards Democrats.
I think what Winston Churchill said is appropriate here:
“The best argument against democracy is a five-minute conversation with the average voter.”
"All day even if you just limit it to Chicago Democrats."
Probably a week if you include Detroit Democrats. Just had another one in the news today....Charles Pugh who was a former President of the Detroit City Council was arrested for 6 counts of criminal sexual conduct with a 14 year old boy this morning.
This is in addition to another case of 'sexual grooming' of a 17 year old who sued and won $250K from Pugh (good luck collecting that) and $350K from the bankrupt Detroit School District.
"Completely unresponsive, but ya gotta admit, Wngr, a fine answer."
I wouldn't call it a fine answer. What it shows me is that he is completely uninformed. Did you notice that he completely ducked the question re: Gary Johnson?
I think I understand why Jeye is so consumed with GM PR. It's because his knowledge about issues is so shallow, he can't even give rational reasons why he is for or against a particular candidate, car, or anything else. He thinks everyone is as easily swayed by what they hear on TV.
I acknowledge that the general cross section of America is a disappointment, after all, that is the biggest reason that the two main candidates are where they are. One doesn't understand what the issues are, the other lies with impunity about them.
"So now you believe JD Power's? Kind of like whatever fits your agenda. In the past you have said they were not a good source."
I think you have that wrong. I think that Adrian and myself think that Consumer Reports is bogus. At least I think JD Powers is the more reliable of the two.
"Two words: Denny Hastert"
We could do this all day even if we limit it to the two major parties.
"Didn't Elon recently purchase a number of shares of SCTY? I wonder whether there is any merit in a class action lawsuit for TSLA shareholders?"
I don't know, but if he did I certainly think the shareholders would have grounds to sue.
I would be livid. Tesla buys Solarcity for $2.8B premium. Here are the problems:
- TSLA doesn't have $2.8B so they are going to have to issue MORE debt on top of the $2B they just took on.
- Solarcity is also in a cash crunch, in 2015, they lost $769M on sales of $400M in revenue....pretty impressive.
- The co-founders of Solarcity are Lyndon and Peter Rive, both are cousins of Elon Musk.
- Musk owns 20+% of BOTH companies
This whole thing stinks to high heaven and TSLA's shareholders will pay the price. Musk has stepped off the curb and into traffic.
"Johnson wants to balance the United States Budget via a 23% Consumption “Fair Tax”."
According to an interview on June 21 with Greg Ip of the WSJ,
"His preferred tax system is the “fair tax,” a favorite of Republican legislators and occasionally presidential candidates. It would replace the corporate and personal income taxes, capital gains and payroll tax with a single 28% consumption tax."
"We have a mismatch in revenues and costs. Except we don’t. Mr Davis proposes cutting Medicare 43% and Medicaid by 43%, the US military by 43%........all government spending by 43% Immediately."
When you say Mr. Davis, I assume you meant Mr. Johnson. Again, from the WSJ,
"He would balance the budget by cutting spending 20%."
You didn't identify where your revenue and spending rates information is coming from. Please do.
So inserting these numbers into your analysis, revenue would be:
18 Trillion x 0.69 (Taxable Consumption) x 0.28 (effective consumption tax rate) = 3.48Trillion
And spending would be:
3.95 Trillion (2016 Obama Budget) x 0.20% (Johnson Government cuts) = $800M Savings or total spending of $3.16 trillion.
Still a little surplus of about $320M, but Johnson is realistic about his chances of getting the spending cuts he wants.
"Whom do you suggest? To conduct said investigation?"
There is an abundance of apolitical former prosecutors around. Pick one.
Maybe Anton R. Valukas, maybe Andy Arena. Like I say, pick one.
Jeye: Here's the other question you missed:
1. Which of Donald's social policies do you support?
2. Which of Donald's social policies do you support?
3. Which of Donald's social policies do you support?
4. Which of Donald's social policies do you support?
5. Which of Donald's social policies do you support?
6. Which of Donald's social policies do you support?
7. Which of Donald's social policies do you support?
8. Which of Donald's social policies do you support?
"What social liberals are doing today is anti family."
Sorry, my fault. Being a social liberal is a label. Johnson supports certain policies. Which of his policies is 'anti-family'?
1. Which of his policies is 'anti-family'?
2. Which of his policies is 'anti-family'?
3. Which of his policies is 'anti-family'?
4. Which of his policies is 'anti-family'?
5. Which of his policies is 'anti-family'?
6. Which of his policies is 'anti-family'?
7. Which of his policies is 'anti-family'?
8. Which of his policies is 'anti-family'?
You may have missed my reply to your post (seriously) and I am interested in your responses.
You said that "I listen to Johnson and he said he is social liberal which now days is anti-family."
And I said "Which of his policies do you consider 'anti-family'?"
Which of Donald's social policies do you support?
I'll get into the math with you later, but in the meantime, which deficit reduction plan do you like better, Hillary's or Donald's?
"I listen to Johnson and he said he is social liberal which now days is anti-family."
Which of his policies do you consider 'anti-family'?
"Whom do you suggest we elect?"
Gary Johnson and Bill Weld of course. Both are former Governors who are fiscally responsible and socially liberal.