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Presidential Election 2024

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GeorgiaGirl said:
While a fall out is very much possible between Musk and Trump, they’d likely laugh their butts off internally at this. The fall out is more likely because both have egos bigger than planet Earth and it’ll be a surprise if it doesn’t come to a head.

I do think there’s a better chance than many want to think that Elon’s finally bit off more than he can chew and really the only way I think I’m wrong here is if the Supreme Court tosses the Impoundment Act. If that doesn’t occur then I cannot see anything being accomplished involving cutting spending and really, in this hypothetical world, it’ll be a royal pain in the butt to get much done at all in reconciliation.

If 240+ seats had occurred with more senate seats, then maybe you’re looking at it being more likely that serious spending cuts happen.
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Seems like I posted this at the perfect time this morning, let me bring this back up and be more specific, instead of putting in subjective opinions.

Elon has likely bitten off more than he can chew here with his DOGE program due to the way Congress works. Any serious reforms occurring will have to go through the House unless the Supreme Court tosses the Impoundment Act for Trump, and forgive me for not thinking that the mods and Freedom Caucus in the GOP house are going to tango on this.

As whew boy, I don’t think that tangoing is going to occur (and I’m not sure Mike Johnson is going to be Speaker in the next Congress either, in fact, I’d say no right now).

In fact, the thing that’s interesting is that Trump posted something on Truth today that doesn’t line up with Elon to boot as well. He wants the Debt Ceiling to possibly be terminated (I think so because he doesn’t want to have to put up with the Freedom Caucus in the next Congress on this).
 
Downeastnc said:
Remember when Trump was president the first time and the GOP raised the debt ceiling 3 times without any demands on cutting spending and with tons of pork on the bills...they need to STFU.
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Yeah that is good rationale. Don't start cutting just because you didn't do it the first time. Lol.
 
GeorgiaGirl said:
Seems like I posted this at the perfect time this morning, let me bring this back up and be more specific, instead of putting in subjective opinions.

Elon has likely bitten off more than he can chew here with his DOGE program due to the way Congress works. Any serious reforms occurring will have to go through the House unless the Supreme Court tosses the Impoundment Act for Trump, and forgive me for not thinking that the mods and Freedom Caucus in the GOP house are going to tango on this.

As whew boy, I don’t think that tangoing is going to occur (and I’m not sure Mike Johnson is going to be Speaker in the next Congress either, in fact, I’d say no right now).

In fact, the thing that’s interesting is that Trump posted something on Truth today that doesn’t line up with Elon to boot as well. He wants the Debt Ceiling to possibly be terminated (I think so because he doesn’t want to have to put up with the Freedom Caucus in the next Congress on this).
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Liz Warren? Is that you?
 
Today, December 18, 2024, the stock market experienced a significant decline, primarily due to the Federal Reserve's updated outlook for 2025. Chair Jerome Powell indicated that inflation remains stagnant and projected only two additional quarter-point rate cuts for 2025, which disappointed investors who had anticipated more substantial cuts. This announcement led to notable drops in major indices, with the S&P 500 experiencing its worst loss on a Fed decision day since January 2009.

Barron's


Additionally, the Dow Jones Industrial Average has been on a downward trend, recording its longest losing streak since 1978, falling for nine consecutive days. This decline is attributed to factors such as rising Treasury yields, concerns about inflation, and interest rate cuts. Specific sectors, including financials, utilities, and energy, have also seen declines, contributing to the overall market downturn.

MarketWatch


Despite these challenges, some analysts remain optimistic about the market's resilience, citing ongoing economic support and anticipated policy measures that may help stabilize the markets in the future.

Barron's
 
Avalanche said:
Just a few votes either way change a blue area red and a red area blue. Deceiving map
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That can work both ways. Look at NY and CAL. If enough blue voters go to the right states, the country would be solidly blue. On the other hand, if red voters leave, the country would be solidly red. Plenty of people are leaving those 2 states, but it is too early to determine which side it is.
 
JHS said:
That can work both ways. Look at NY and CAL. If enough blue voters go to the right states, the country would be solidly blue. On the other hand, if red voters leave, the country would be solidly red. Plenty of people are leaving those 2 states, but it is too early to determine which side it is.
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That’s right
 
severestorm said:
Today, December 18, 2024, the stock market experienced a significant decline, primarily due to the Federal Reserve's updated outlook for 2025. Chair Jerome Powell indicated that inflation remains stagnant and projected only two additional quarter-point rate cuts for 2025, which disappointed investors who had anticipated more substantial cuts. This announcement led to notable drops in major indices, with the S&P 500 experiencing its worst loss on a Fed decision day since January 2009.

Barron's


Additionally, the Dow Jones Industrial Average has been on a downward trend, recording its longest losing streak since 1978, falling for nine consecutive days. This decline is attributed to factors such as rising Treasury yields, concerns about inflation, and interest rate cuts. Specific sectors, including financials, utilities, and energy, have also seen declines, contributing to the overall market downturn.

MarketWatch


Despite these challenges, some analysts remain optimistic about the market's resilience, citing ongoing economic support and anticipated policy measures that may help stabilize the markets in the future.

Barron's
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The Left will tell you scary boogiemen stories @Bham 99
 
BullCityWx said:
Those blue dots pay for the red dots, Johnston county.
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I pay more a year in taxes than most people make in a year in NC. Don’t come spitting that my way just because I live out in the county by choice. I do that to get away from the insane folks who populate those blue cities/dots.


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