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small and hidden agenda gains, not to much with the Congress, maybe a two year extenshion on the Bush tax cuts, and A veto fight over health care. Not good for either party I believe.
some hard times financialy for us also I am sure. Dollar devaluation for real, as today we announced the fed is going to buy our own debt..?
financial suicide I think. I hope not for all of us.
I hope he does like Clinton did and moves to the center. Clinton was smart.
Umm, Obama was already in the center. Are we out of Iraq yet? Afghanistan? If Obama were a liberal, he would have ended those pointless wars on Day 1. He is a centrist.
Just because Glenn Beck told you he was a liberal doesn't make it true.
well going out of Iraq and Afghanistan would be very irresponsible act on international scenario...usa had to enter afghanistan just precisely because usa went out as soon as ussr ran away from afghanistan...usa's exit during those times did had huge impact in south asia...if they do that again..it might turn out good for usa in current times but can be negative for its image...they can't leave without completing the job...
Completing what job? You realize that we borrow money to pay for that war, right? We borrow that money from China. What exactly do you think that accomplishes for America?
well nothing for its citizen...i understand it does achieve nothing...but usa can't go on spoiling countries ...at end of the day usa is self proclaimed leader of the world...so it must act that way...usa should not entered the war at first place...but now since it has done that..it needs a face saving exit...or else image of usa in international level would suffer...
He's a fence straddler, and he does it because he thinks he can make everyone love his leadership and he won't have to deal with opposing opinions. I'm amazed he hasn't already become a member of Rick Warren's Straddleback Church.
It doesn't matter what happened today. The Great American Empire is on her death bed and the jobs are not coming back. Because of the Supreme Court's 5-4 ruling on the Citizens United case last year, corporations may dump unlimited amounts of money to influence our elections, even if those corporations are not American.
The whole Right vs. Left paradigm is a charade. Republicans are for corporate rule and they're not shy about it. Democrats are for corporate rule also, but they hide it and pretend to actually care about the little guy.
Corporations have destroyed the United States of America.
I totally agree with you babyching. America has been sold out by its' idealistic pride and rhetoric fed to us by greedy politicians backed by anonymous corporations.
When America accepts that the two party system is anti democratic, then there is a chance for real change and security.
Corporate greed is a short sighted strategy to reward the rich by selling out the middle class.
Washington - US President Barack Obama will have no choice but to work with Republicans to pass the rest of his domestic legislative agenda after his Democratic Party suffered a landslide defeat in congressional elections.
The conservative Republican Party captured more than 50 seats in the House of Representatives in Tuesday's election, a result that leaves them in firm control of the lower chamber for the first time since 2006.
Republicans also made significant gains in the US Senate, but projections showed Democrats maintained a slim majority of at least 50 seats in the 100-member upper chamber.
Tuesday's defeat comes after Obama was elected in 2008 on a message of change that energized voters across the political spectrum. Two years later pollster John Zogby said it was clear that 'change is in the air' once again.
The massive losses suffered by Obama's Democrats were largely due to the weak state of the US economy, which is likely to be the top priority when the new Congress convenes in January.
Exit polls from Tuesday's election found that more than 60 per cent of voters rated the sluggish economy as their top concern. Unemployment remains stuck at 9.6 per cent and the world's largest economy grew a meagre 2 per cent in the third quarter of this year.
Obama used much of his political capital in the first two years to pass controversial overhauls of health care and financial regulation. Critics argue the efforts distracted from the task of repairing the economy, while other voters complain that Obama overreached by expanding the role of government over key sectors of the economy.
Republican John Boehner, who is set to lead the House in January, said the election results marked 'a repudiation of Washington, a repudiation of big government, and a repudiation of politicians who refused to listen to the American people.'
The shift in congressional power means Obama will have to curb his ambitions as he tries to work with Republicans in the next few years. Some major casualties are likely to be efforts to tackle climate change and reform immigration laws.
The Democratic Party's defeat means Republicans will once again have a hand in governing. In a US capital that has become intensely polarized over the last few years, the question will be if there are areas where the two sides can find common ground.
Obama charged often in his first few years that Republicans refused to work with the new president on key legislative issues. With control of Congress now divided, Republicans could share some blame in the coming years if the economy does not improve.
'It's a lot easier to run against a 'do nothing' Congress that's run by the opposition than it is to run against a 'do nothing' Congress that is run by your own party,' Zogby said.
Obama spoke with Boehner as the results became clear on Tuesday night. US media have speculated that Obama may call a 'summit' with Republicans some time in November to discuss a way forward.
But the Republican victories Tuesday night were not just a rejection of Obama, they were a broader rejection of lawmakers. Voters threw out incumbents and showed disillusionment with both parties.
Approval ratings for Obama have hovered around 45 per cent for much of this year. Approval of Congress has been stuck just below 20 per cent, according to averages compiled by realclearpolitics.com.
'There were no heroes and there's no love from voters,' Zogby said. Obama and the Democrats' missteps of the past two years 'did spell victory for Republicans, but not love.'
Yet even if Republicans now have a governing role, John Fortier of the conservative Washington-based American Enterprise Institute said the responsibility will still be on Obama to drive the legislative agenda in the coming year.
'The ultimate focus will be on the president,' Fortier said. 'How the president himself recovers from the election will be much more important than (what) Republicans do.'
The GOP takeover of the House of Representatives will mean that the weight of recovery from the recession will fall on the shoulders of Ben Bernanke at the Federal Reserve. A side effect of this will be that the independence of the Federal Reserve will come under increasing attack from economic ignoramuses in the Congress. Additional extensions of unemployment benefits will now be even more unlikely. In Michigan 400,000 long term unemployed citizens will soon run out of benefits. This may well result in a crisis not seen since the Great Depression.
was it Paul Krugmen who said be afraid, be very afraid in one of his recent articles?
http://www.nytimes.com/2010/10/29/opini … mp;emc=rss
it will be most sad for the American people who will lose any chance of staying afloat while continuing to look for jobs.
sad to see Scott as governor. people simply don't think on their own, it's all fear.
http://www.nytimes.com/2010/11/03/opini … _LO_MST_FB
The Republicans will actually have to present some ideas during the next 2 years. Of course, they may deflect that by trying to come with a reason to impeach OBama.
It seems sense did win out though with the Tea Party not having the influence they thought they would have.
I'm just happy the closest state to where I live defeated that psycho Paladino.
Paul Ashworth, senior U.S. economist at Capital Economics:
"We continue to suspect that fiscal policy will end up being largely paralyzed for the next two years as a result." (of the GOP/Tea Party sweep.)
Muriel F. Siebert, president of Muriel Siebert & Company:
"The Fed has made it obvious they stand ready to do what they think is good." (Buying $500 million to $2 trillion in government bonds in an effort to stimulate the economy by driving long-term interest rates downward.)
Tops on the agenda in Congress for Boehner and Obama will be what to do about the Bush tax cuts which will expire in January if nothing is done. Several options are explored by David Leonhardt here:
http://www.nytimes.com/2010/11/03/busin … amp;st=cse
If Congress does not take action before then — Dec. 31 — taxes will go up for nearly all households. That has the potential to cause both political and economic problems. So Congress, even a lame-duck, repudiated Congress, is likely to act.
But what will it do?
Given the mood of the voters, the outcome will probably be closer to the Republicans’ wishes (extending all the tax cuts) than President Obama’s (extending all the cuts for households making less than $250,000 a year while allowing most of the cuts for households above that threshold to expire). Yet Democrats may still have enough sway to force some negotiation.
Here are five compromises worth considering, on what will be the first big order of business for Congress after the election:
http://www.nytimes.com/2010/11/03/busin … amp;st=cse
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