Some Interesting Ironies of This Election

[JimBowie1958]

I was talking about this with my wife for a few minutes (she hates talking about politics) and we noted how much irony there is this election year.

Hillary leads among women despite being the biggest rape enabler in the history of US Presidential politics.

Hillary leads among blacks despite her history of ignoring them when there is no election while leading the party of Jim Crow, slavery and antiBlack racism.

Hillary leads among the lowest economic groups of our country even as she fully plans to effectively erase our borders and bring in literally millions more cheap foreign labor while our unemployable population of 94 million still stands at record levels.

Hillary leads among Hispanics despite her promises to handcuff cops with constraining guidelines against self defense and thus make the police presence in Hispanic communities even lower and Hispanics who live there more vulnerable to gang violence.

Hillary leads among all voters (according to the pollsters) and yet she promises to reduce gun violence by disarming huge sectors of our population, mostly women, blacks and Hispanics.

Hillary leads among young college students even though she plans to raise the H1-B visa limit to nearly 200k annually and make it very difficult for any of them to get jobs.

Hillary leads among people who say they want to reform our government when she is the champion of bribes, kickbacks and "untouchable" criminals.


Either the polls are wrong or Americans have become the most deluded population of "free" people in the history of mankind.

 

[washamericom]

I was talking about this with my wife for a few minutes (she hates talking about politics) and we noted how much irony there is this election year.

Hillary leads among women despite being the biggest rape enabler in the history of US Presidential politics.

Hillary leads among blacks despite her history of ignoring them when there is no election while leading the party of Jim Crow, slavery and antiBlack racism.

Hillary leads among the lowest economic groups of our country even as she fully plans to effectively erase our borders and bring in literally millions more cheap foreign labor while our unemployable population of 94 million still stands at record levels.

Hillary leads among Hispanics despite her promises to handcuff cops with constraining guidelines against self defense and thus make the police presence in Hispanic communities even lower and Hispanics who live there more vulnerable to gang violence.

Hillary leads among all voters (according to the pollsters) and yet she promises to reduce gun violence by disarming huge sectors of our population, mostly women, blacks and Hispanics.

Hillary leads among young college students even though she plans to raise the H1-B visa limit to nearly 200k annually and make it very difficult for any of them to get jobs.

Hillary leads among people who say they want to reform our government when she is the champion of bribes, kickbacks and "untouchable" criminals.


Either the polls are wrong or Americans have become the most deluded population of "free" people in the history of mankind.

tell your wife thanks for putting up with you, because you are spot on...

the left owns the air media, they are always trying to segregate the voters into color religion and gender. it's been that way since hector was a pup. fox does it too.

 

[JimBowie1958]

tell your wife thanks for putting up with you, because you are spot on...

Oh, you betcha.

I thank her every day.

 

[waltky]

Uncle Ferd tol' possum Janet Yellen is the bogeyman...

Yellen says Fed could raise interest rates 'relatively soon'
November 17, 2016WASHINGTON (Reuters) - The election of Donald Trump as U.S. president has done nothing to change the Federal Reserve's plans for a rate increase "relatively soon," Fed Chair Janet Yellen said on Thursday in Congressional testimony that included a pledge to serve out her term.

Yellen said the U.S. central bank would change its outlook as necessary as the new administration rolls out plans for perhaps hundreds of billions of dollars in tax cuts and additional government spending. She also suggested the new government keep in mind that the United States is near full employment and inflation may be rising. "Markets are anticipating...a fiscal package that involves a net expansionary stance of policy and that in a context of an economy that is operating reasonably close to maximum employment with inflation heading back to 2 percent," Yellen said, suggesting new programs focus on "policies that would improve...long run growth and productivity."

There had been some uncertainty about how Yellen would interact with a new president who at turns during the campaign spoke favorably of the Fed’s low rate policies, and yet also accused the Fed of acting politically to help Democratic nominee Hillary Clinton. Trump, during his election campaign, had also said he would replace Yellen when her term expires. Asked directly by a member of the Joint Economic Committee on Thursday, Yellen said she planned to serve out her term as chair, which ends in 2018. While the election has not affected matters yet, they may find themselves at odds if Trump, for example, pursues a roll-back of financial regulations. On that topic, Yellen cautioned against any effort to "turn back the clock" on the Dodd-Frank financial regulations approved following the 2007 to 2009 financial crisis because that could make a repeat more likely.

U.S. Federal Reserve Board chair Janet Yellen testifies before a Congressional Joint Economic hearing on Capitol Hill in Washington, DC​

For the time being, Yellen said, incoming economic data justified a rate hike "relatively soon" and, absent any dramatic changes, a gradual pace of hikes after that. So far she said there was little risk the Fed had fallen behind the curve and would lose control of inflation. "The evidence we have seen since we met in November is consistent with our expectation of strengthening growth and improving labor markets and inflation moving up," Yellen said. "The risk of falling behind the curve in the near future appears limited." However the chair also acknowledged the uncertainty that may lie ahead as President-elect Trump rolls out his program. "When there is greater clarity about the economic policies that might be put into effect the (Federal Open Market Committee) will have to factor those assessments of their impact on employment and inflation and perhaps adjust our outlook," Yellen said.

U.S. Treasury yields rose on Thursday after data suggested the U.S. labor market is tightening and inflation is beginning to gain traction, which prompted investors to sell government debt. "Yellen is saying it’s full steam ahead for a Fed hike in December," said Luke Bartholomew, fixed income investment manager at Aberdeen Asset Management. "The big question is what happens after that. Trump’s election has given investors plenty of reason to question the lower for longer mantra." The U.S. dollar rose to a 13-1/2-year high against a basket of currencies on Thursday as the bond market resumed its sell-off.

CENTRAL BANK INDEPENDENCE PRODUCES BETTER OUTCOMES

See also:

Home mortgage rates jump after Donald Trump elected president
Friday 18th November, 2016 - Home mortgage interest rates have made their largest weekly increase in more than three years, rising more than a third of a percentage point, since Donald Trump’s election as president.

The average rate for a 30-year, fixed-rate mortgage surged to 3.94 percent this week from 3.57 percent a week earlier, the largest week-over-week increase since June 2013, mortgage giant Freddie Mac reported Thursday morning. At the start of the year, the average rate was 3.97 percent. Interest rates are rising for a variety of reasons, including investors’ expectations of tax cuts and deficit spending under a Trump administration, said Len Kiefer, deputy chief economist at Freddie Mac. Even before the election, rates were starting to “creep up off their lows” due to strong job and economic reports, Kiefer said. “Over a couple of years, we’ll probably see rates get above 5 percent, maybe 5 1⁄2 percent,” Kiefer said. But rates could be volatile, and could even drop back down, depending on factors such as inflation and what action the Federal Reserve takes on short-term rates, he said.

Uncle Ferd says if he could afford a house like dat - he'd move a buncha womens in with him.​

Fed Chair Janet Yellin on Thursday told Congress that an increase in short-term rates could be “appropriate relatively soon,” given an improving national economy. The Fed’s rate-setting committee will meet next month. Long Island real estate agents and mortgage lenders said the recent rise could prompt home buyers to go ahead with purchases. “You’re not going to wait because you’d rather get it at 4 [percent] rather than 4.5 [percent], so what happens is you’re going to pull the trigger on that purchase,” said Michael Gannon, a vice president at United Northern Mortgage Bankers in Levittown. The promise of lower taxes once Trump takes office will spur the economy, which leads to higher rates, Gannon predicted.

Rising interest rates also could lead to slower growth in home prices, said Michael McHugh, a Melville-based senior vice president for retail lending at Freedom Mortgage and former chairman of the Empire State Mortgage Bankers Association. Last month the median home price increased by 9.3 percent annually, to $470,000, in Nassau County, and by 3 percent year-over-year in Suffolk County, to nearly $340,000, the Multiple Listing Service of Long Island reported. Sales and inventory of homes fell in both counties. Mortgage rates loosely track yields on 10-year Treasury bonds. Trump’s plans for rebuilding the nation’s infrastructure could involve deficit spending, which would increase borrowing costs, McHugh said.

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