742. Re-election of Obama (10/24/2012)
About that Gallup poll: Is Romney really up by 7? And will Obama win the election anyway?
Posted by Ezra Klein on October 19, 2012
According to Real Clear Politics, Mitt Romney is, on average, up by one point in the polls. According to both Nate Silver and InTrade, President Obama has a better-than-60-percent chance of winning the election. I think it’s fair to say that the election is, for the moment, close.
But not according to Gallup. Their seven-day tracking poll shows Romney up by seven points — yes, seven — with likely voters. But he’s only up by one point with registered voters.
http://www.washingtonpost.com/blogs...-by-7-and-will-obama-win-the-election-anyway/
The Gallup poll is just a gimmick to cheat people. This election is pre-decided. Obama will win his second term. It is not politics. It is a plot of the Feds. They need Obama’s Health Reform that they forced Chief Justice Roberts to change his mind in June to pass the “Healthcare Reform”. (see #726)
To keep Obama to stay in his seat, the Feds have to create an economic situation that favors him. Two months ago- in early September, we saw European bank chief Draghi said they would buy the bond with no limit. Why?
Draghi helps out Obama campaign
By Robin Harding in Washington September 6, 2012
Barack Obama’s chances of re-election as US president rose on Thursday and the words that did it were not his but Mario Draghi’s.
Long before Mr Obama stood up to accept the Democratic nomination in Charlotte, North Carolina, the head of the European Central Bank had sketched out a new plan to buy the bonds of troubled eurozone countries.
That will not move the polls; it will not move a single vote. But Mr Draghi has lowered the gravest of risks to Mr Obama: a pre-election meltdown in the eurozone that would have blown up banks, pulverised Wall Street, and routed a fragile US economy back into recession.
If that happened, it would not be Mr Obama’s fault, but he would get the blame. Just as the failure of Lehman Brothers doomed his rival John McCain in 2008, a eurozone implosion would create economic odds too great for Mr Obama to surmount.
http://www.ft.com/intl/cms/s/0/bc1cf132-f831-11e1-bec8-00144feabdc0.html#axzz261Uy9nmA
Within days, Federal Reserve Chief Bernanke announced another QE which would push up economy temporarily but hurt it in long term with inflation. The timing of issuing QE3 obviously helps Obama. Republican feels it immediately.
Fed risks political fallout from QE3
By Robin Harding and James Politi in Washington September 14, 2012
Mitt Romney, the Republican candidate, duly opened fire on Friday after the Fed began an open-ended third round of quantitative easing (QE3), under which it will buy $40bn of mortgage-backed securities a month.
http://www.ft.com/intl/cms/s/0/b7de9070-fe77-11e1-8028-00144feabdc0.html#axzz26Vualgix
QE3 will produce another housing bubble.
Marc Faber: Fed's QE forever is ludicrous; no country has become rich from consumption
Source: BI-ME , Author: Constantine Gardner Fri September 14, 2012
"Asset prices will go up and the money will flow to the Mayfair Economy," he said, defining the latter as an "economy of the rich people whose assets prices go up and whose net worth increases" without any trickle down benefit to the real economy.
What you have is a small economy that is booming and the majority of the economy is being damaged by QE, Faber explains.
Faber sees the Fed's monetary policies over the last 15 years as mainly responsible for the various asset bubbles (Nasdaq, real estate etc...) leading to the subprime crisis in 2007. "The money printers and the neo-Keynesians interventionists are responsible for the crisis, reckons Faber, and people should know this."
Dr Bernanke's attempt to boost growth and reduce unemployment will end up, according to Dr. Faber, in a fiscal Grand Canyon with never ending deficits, the majority of the economy being damaged, the man in the street facing higher prices and losing his job.
http://www.bi-me.com/main.php?id=59324&t=1&c=62&cg=4&mset=
Faber sees the Fed's monetary policies over the last 15 years responsible for the Nasdaq bubble and the following housing bubble. I talked about these two bubbles from #733 to #739. And the Federal Reserve now is going to create the third one at the purpose to help the Feds to remove the hot potatoes in their hands to the ordinary people.
About that Gallup poll: Is Romney really up by 7? And will Obama win the election anyway?
Posted by Ezra Klein on October 19, 2012
According to Real Clear Politics, Mitt Romney is, on average, up by one point in the polls. According to both Nate Silver and InTrade, President Obama has a better-than-60-percent chance of winning the election. I think it’s fair to say that the election is, for the moment, close.
But not according to Gallup. Their seven-day tracking poll shows Romney up by seven points — yes, seven — with likely voters. But he’s only up by one point with registered voters.
http://www.washingtonpost.com/blogs...-by-7-and-will-obama-win-the-election-anyway/
The Gallup poll is just a gimmick to cheat people. This election is pre-decided. Obama will win his second term. It is not politics. It is a plot of the Feds. They need Obama’s Health Reform that they forced Chief Justice Roberts to change his mind in June to pass the “Healthcare Reform”. (see #726)
To keep Obama to stay in his seat, the Feds have to create an economic situation that favors him. Two months ago- in early September, we saw European bank chief Draghi said they would buy the bond with no limit. Why?
Draghi helps out Obama campaign
By Robin Harding in Washington September 6, 2012
Barack Obama’s chances of re-election as US president rose on Thursday and the words that did it were not his but Mario Draghi’s.
Long before Mr Obama stood up to accept the Democratic nomination in Charlotte, North Carolina, the head of the European Central Bank had sketched out a new plan to buy the bonds of troubled eurozone countries.
That will not move the polls; it will not move a single vote. But Mr Draghi has lowered the gravest of risks to Mr Obama: a pre-election meltdown in the eurozone that would have blown up banks, pulverised Wall Street, and routed a fragile US economy back into recession.
If that happened, it would not be Mr Obama’s fault, but he would get the blame. Just as the failure of Lehman Brothers doomed his rival John McCain in 2008, a eurozone implosion would create economic odds too great for Mr Obama to surmount.
http://www.ft.com/intl/cms/s/0/bc1cf132-f831-11e1-bec8-00144feabdc0.html#axzz261Uy9nmA
Within days, Federal Reserve Chief Bernanke announced another QE which would push up economy temporarily but hurt it in long term with inflation. The timing of issuing QE3 obviously helps Obama. Republican feels it immediately.
Fed risks political fallout from QE3
By Robin Harding and James Politi in Washington September 14, 2012
Mitt Romney, the Republican candidate, duly opened fire on Friday after the Fed began an open-ended third round of quantitative easing (QE3), under which it will buy $40bn of mortgage-backed securities a month.
http://www.ft.com/intl/cms/s/0/b7de9070-fe77-11e1-8028-00144feabdc0.html#axzz26Vualgix
QE3 will produce another housing bubble.
Marc Faber: Fed's QE forever is ludicrous; no country has become rich from consumption
Source: BI-ME , Author: Constantine Gardner Fri September 14, 2012
"Asset prices will go up and the money will flow to the Mayfair Economy," he said, defining the latter as an "economy of the rich people whose assets prices go up and whose net worth increases" without any trickle down benefit to the real economy.
What you have is a small economy that is booming and the majority of the economy is being damaged by QE, Faber explains.
Faber sees the Fed's monetary policies over the last 15 years as mainly responsible for the various asset bubbles (Nasdaq, real estate etc...) leading to the subprime crisis in 2007. "The money printers and the neo-Keynesians interventionists are responsible for the crisis, reckons Faber, and people should know this."
Dr Bernanke's attempt to boost growth and reduce unemployment will end up, according to Dr. Faber, in a fiscal Grand Canyon with never ending deficits, the majority of the economy being damaged, the man in the street facing higher prices and losing his job.
http://www.bi-me.com/main.php?id=59324&t=1&c=62&cg=4&mset=
Faber sees the Fed's monetary policies over the last 15 years responsible for the Nasdaq bubble and the following housing bubble. I talked about these two bubbles from #733 to #739. And the Federal Reserve now is going to create the third one at the purpose to help the Feds to remove the hot potatoes in their hands to the ordinary people.
