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Capella's 24-hour, VERY bigly OH MY GOD HOW DID WE GET HERE thread (4 Viewers)

flapgreen said:
I'm more excited that the American people were heard than I will ever be about Trump
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I don't mean to be rude, and I think I understand what you're trying to say, but Trump is going to lose the popular vote. I don't see how the quirk of the electoral college equates to excitement about the American people being heard.  Can you clarify?

Also, congratulations to you on your candidates' win last night.

 
flapgreen said:
I'm more excited that the American people were heard than I will ever be about Trump
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Absolutely.  The people were so tired of the "system" that they wouldn't support the politician.. that's the crazy part.  I was for neither but as much as I'm shocked I also hope Washington takes note of what they did

 
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TobiasFunke said:
I don't mean to be rude, and I think I understand what you're trying to say, but Trump is going to lose the popular vote. I don't see how the quirk of the electoral college equates to excitement about the American people being heard.  Can you clarify?

Also, congratulations to you on your candidates' win last night.
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Cmon man let it go

 
NutterButter said:
I thought the stock market was going to crash?  What happened?
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It's pretty strange, actually.

There is a fair amount of volatility, but the sell-off most would anticipate due to elevated uncertainty isn't occurring. Maybe just having the election in the rearview mirror is viewed as positive. Maybe it is the fact that the odds of a Fed Rate hike next month are diminished. Dunno.

 
RedmondLonghorn said:
It's pretty strange, actually.

There is a fair amount of volatility, but the sell-off most would anticipate due to elevated uncertainty isn't occurring. Maybe just having the election in the rearview mirror is viewed as positive. Maybe it is the fact that the odds of a Fed Rate hike next month are diminished. Dunno.
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Nothing strange about it. Fear-mongering doesn't cause a stock market crash. 

 
RedmondLonghorn said:
It's pretty strange, actually.

There is a fair amount of volatility, but the sell-off most would anticipate due to elevated uncertainty isn't occurring. Maybe just having the election in the rearview mirror is viewed as positive. Maybe it is the fact that the odds of a Fed Rate hike next month are diminished. Dunno.
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I tell ya.  Weatherman, pollsters, economists, investment bankers, a lot of people that sound like they know what they're talking about but really can't predict anything.

 
RedmondLonghorn said:
I wouldn't be celebrating today if Clinton had won. These were two historically bad candidates. But the worse one won.
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I am NOT celebrating Trump.  I'm doing my best to make sure this never happens again.  Part of that is getting into the face of some of the people who have their hand in this mess.  It is kind of like how we have to learn our lesson about invading countries in the ME.  We can't have another Iraq and our arrogance led to some long term issues.  In the same way, we can't have another election like this and our collective arrogance toward some of the realities of this country are now leading to some long term issues.

 
shader said:
Nothing strange about it. Fear-mongering doesn't cause a stock market crash. 
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The bolded is funny. Fear does cause one. And unprecedented and unexpected events can cause fear.

I would have expected a Brexit style sell off that lasted at least a few hours, if not days.

 
David Dodds said:
Let's roll back the clock to the financial crisis. What if the bailout DID NOT give the money to the banks?  What if that money was used to rebuild roads, bridges...You know the stuff we all see needed to get done.  What if that money was used to incentivize American companies to create jobs (ie you add 10,000 jobs and you get this corporate tax cut).  I read where the bailout could have just paid off everyone's mortgages in full and been a lot cheaper than what we did.  The banks won, the slime in Congress won, and the people lost.

There are a LOT of ways for Trump to create more wealth for the working class.  It starts by eliminating the banks and Wall Street as the decision makers.  Create an environment where you will reward major US companies to stay.  Penalize them for situations where executive pay is too high.  Reward them for creation of jobs, etc.  

He may not succeed, but to think it can't work is wrong. The country needed a candidate not beholden to major stake-holders that got him elected.  Trump has a lot of faults, but I think he will be able to work with manufacturing to increase jobs in America.
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I think you're way off base here.  I truly believe that without the financial bailout, there would have been a world wide depression the likes of which have never been seen before.  And the government made ~$15BB of profit from TARP.

 
RedmondLonghorn said:
The bolded is funny. Fear does cause one. And unprecedented and unexpected events can cause fear.

I would have expected a Brexit style sell off that lasted at least a few hours, if not days.
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Fear does...but there's really no fear.  Trump is a rich billionaire that isn't all that different than the other elite rich people that usually run for president.  He has a vested interest in the status quo.

 
The_Man said:
Feeling like I might be about to find out. If Trump really does start ignoring the Constitution, be it ignoring the Freedom of Religion of Muslims, or ignoring the Fourth and Fifth Amendments when it comes to law and order, or anything else, I'm going to have to get involved in trying to stop it.
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No president has the power to do these kinds of things. How could a president interfere with Muslims' religious freedom short of sending federal agents out to arrest people leaving mosque? What concerns do you have in mind?

 
@Chet & David Dodds

Damn straight. David....you are waaaaaay off base here. We were talking about a financial collapse not seen since the Great Depression. It was very real and it was going to destroy the entire world banking system.

TARP was very successful. The US Government made every cent back plus interest. It had to be done. The bridge loan to AIG was the absolute key and the glue to all of it.

I was at BoFA during those times and I can tell you first hand.......it would have been devastation beyond your wildest dreams.

 
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Walking Boot said:
Whew. Just woke up here in CA after watching the news late into the night. 

When I went to bed, Dow futures were down -1000. Haven't checked my 401k yet, did I get wiped out?  How bad is the market crash right now? I'm afraid to look. 
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Bounced back, you are okay.

 
Jayrod said:
our collective arrogance toward some of the realities of this country are now leading to some long term issues.
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Some problems can't be fixed at all. And government certainly can't fix them, at least not in a way that doesn't create other (possibly bigger) problems.

 
David Dodds said:
Let's roll back the clock to the financial crisis. What if the bailout DID NOT give the money to the banks?  What if that money was used to rebuild roads, bridges...You know the stuff we all see needed to get done.  What if that money was used to incentivize American companies to create jobs (ie you add 10,000 jobs and you get this corporate tax cut).  I read where the bailout could have just paid off everyone's mortgages in full and been a lot cheaper than what we did.  The banks won, the slime in Congress won, and the people lost.

There are a LOT of ways for Trump to create more wealth for the working class.  It starts by eliminating the banks and Wall Street as the decision makers.  Create an environment where you will reward major US companies to stay.  Penalize them for situations where executive pay is too high.  Reward them for creation of jobs, etc.  

He may not succeed, but to think it can't work is wrong. The country needed a candidate not beholden to major stake-holders that got him elected.  Trump has a lot of faults, but I think he will be able to work with manufacturing to increase jobs in America.
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The jobs aren't coming back.  Giving money to banks is not the problem, and resulted in actual revenue to the US Govt.  Now that was mostly luck, but you can't deny it.

The sooner the myth dies that any one person can "bring the jobs back" the better.  It simply can't happen, and it's a good thing.  The problem is you have a large unskilled workforce with nothing to do.  The answer isn't put them in some factory making shopkins at 10 bucks an hour.  That's not going to work when the absolute top end daily rate in Mexico is $1.50 a day, and China is more like $0.60 a day.  

Unskilled labor in this country is gone, dead, buried, and no amount of government tax breaks or regulation will solve it. There's just not enough money in this country to bring back those jobs, there just isn't.

 
shader said:
Fear does...but there's really no fear.  Trump is a rich billionaire that isn't all that different than the other elite rich people that usually run for president.  He has a vested interest in the status quo.
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Trade wars are bad for business and bad for markets.

I don't believe much of what comes out of Trump's mouth, but I do think he is arrogant enough to believe that he can "tear up trade deals" and renegotiate. That's a real negative.

 
culdeus said:
The jobs aren't coming back.  Giving money to banks is not the problem, and resulted in actual revenue to the US Govt.  Now that was mostly luck, but you can't deny it.

The sooner the myth dies that any one person can "bring the jobs back" the better.  It simply can't happen, and it's a good thing.  The problem is you have a large unskilled workforce with nothing to do.  The answer isn't put them in some factory making shopkins at 10 bucks an hour.  That's not going to work when the absolute top end daily rate in Mexico is $1.50 a day, and China is more like $0.60 a day.  

Unskilled labor in this country is gone, dead, buried, and no amount of government tax breaks or regulation will solve it. There's just not enough money in this country to bring back those jobs, there just isn't.
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Absolutely right.

And even if there was a way to force companies to move some of the manufacturing jobs that have been lost back here, that isn't a good thing for anybody, other than the people who get those jobs. And maybe not them. 

Because those things will cost more to make, which means they will cost more to buy, which means consumers will be overpaying for them. Or those things will go unsold because they aren't cost competitive. Which means those manufacturing jobs wouldn't last long. Bad either way.

 
RedmondLonghorn said:
Absolutely right.

And even if there was a way to force companies to move some of the manufacturing jobs that have been lost back here, that isn't a good thing for anybody, other than the people who get those jobs. And maybe not them. 

Because those things will cost more to make, which means they will cost more to buy, which means consumers will be overpaying for them. Or those things will go unsold because they aren't cost competitive. Which means those manufacturing jobs wouldn't last long. Bad either way.
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About to learn this the hard way.

 
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