Free Markets, Free People

Daily Archives: November 6, 2012

Obama Wins

So, I was as wrong as it’s possible to be. Hideously, egregiously, spectacularly wrong. Apparently, we aren’t a center-right nation any more. We will re-elect a president with the worst economic record since the Great Depression.

I made the mistake of being optimistic. I see that now. But not anymore. Pessimism, cynicism and sarcasm are really the only rational responses to the country that we’ve turned into. There will be no sudden resurgence of liberty. No diminution of government. No "Atlas Shrugged" moment, where the clear light of reason dawns on the electorate. We’ve become a country where a critical mass has latched onto a single demand for government: "Pay for all the things!"

So be it. In any democratic system, the people get the government they deserve, because it’s the government they’ve chosen. Fine. I say let the Democrats have everything they want. Higher taxes? Great. No problem. Hike ‘em up however you want. Universal health care? Fine by me. Massive defense cuts? Let’s start tomorrow. Continued debt expansion? Go for it.

At this point, I guess the only way to let the people see how bankrupt the Leftist ideal is, is to give them their fill of it. We’re headed in that direction anyway, why slow it up by occasional, gentle taps on the brakes? It’s gonna happen inevitably. The country I was born in is long gone. The country that’s taken its place is headed down the path to failure, and I find I no longer care much for it anyway.

If I’m going to be relegated to simply playing Cassandra, then let’s go the whole Trojan route. Let them burn it down.

Burn it all down.

~
Dale Franks
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Economic Statistics for 6 Nov 12

 

The following US economic statistics were announced today:

In weekly retail sales, Redbook reports only a 0.8% increase from the previous year. ICSC-Goldman reports a weekly sales decrease of –0.2%, and a weak 1.4% increase on a year-over-year basis. Obviously, these numbers are the result of Hurricane Sandy’s disruption.

That’s all the economic news for the day. Other than that, I can’t think of a single event that I might talk about today.

~
Dale Franks
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Final thoughts on today’s vote

John Podhoretz mentions something we’ve been talking about for a while:

If Mitt Romney wins tonight, it’ll likely be because of something revealed by a little-noticed statistic released yesterday by the polling firm Rasmussen — following a similar statistic last week from Gallup.

Rasmussen revealed that for the month of October, its data showed that among likely voters, the electorate is 39 percent Republican and 33 percent Democratic.

This comes from a survey of 15,000 people taken over the course of a month. Yes, 15,000 people —15 times the number in a statistically significant poll.

This number might be discounted, since Rasmussen has a reputation as leaning Republican. Except that last week, Gallup — the oldest and most reputable national pollster — released its party ID survey of 9,424 likely voters. And it came out 36 percent Republican, 35 percent Democrat.

I’m not at all comfy with R+6 from Rasmussen. But what should be taken away from this is the fact that two major polling firms have surveyed likely voters extensively and come up with similar results about the mix of self-identified Republicans and Democrats.   And what they’ve found is a profound shift from 2008.

Why does this matter?  Check history:

Because never in the history of polling, dating back to 1936, have self-identified Republicans outnumbered Democrats on Election Day. Never. Ever.

Hmmm.  So indies are breaking for Romney by 7 points, 13% of those who voted for Obama last time say they’re not going to vote for him this time and for the first time since 1936 we’re pretty sure that it is R+something, but Obama is going to win?

Excuse us for being skeptical again, but sometimes the “numbers” just don’t add up.  And, then, as we’ve mentioned, there are the atmospherics, something polling companies really don’t plug into at all.  Sometimes, as in 2010, the gut comes through because the brain has assimilated a lot more than the numbers provided and ends up with a conclusion that is contrary to the conventional wisdom.

I still believe this is one of those times.

~McQ