President Barack Obama and Vice-President Joe Biden were re-elected Tuesday night, defeating Republican challenger Mitt Romney and his vice-presidential running mate Rep. Paul Ryan.
NBC News called the presidential election for Obama around 11:15 EST. The president sent a message on Twitter at 10:14 p.m. EST saying simply, "This happened because of you. Thank you."
The Obama campaign won the most expensive presidential race ever, with both parties raising about $2.6 billion. The race was filled with negative campaigning on both sides, from President Obama attacking Romney’s business experience with Bain Capital to Romney lambasting Obama’s handling of the economy.
The race tightened during the final months of the campaign, with gaffes and surges from both candidates. After a weak performance after the Republican Convention, Romney surged following Obama’s listless performance after the first presidential debate.
Nevertheless, the president cemented a lead in battleground states heading into Tuesday’s election.
Obama handily won California, which also went blue in 2008.
But thanks, it is good advice.
hah! How naive can you get? It's one big happy family. To claim the executive office does not have influence over the Fed is ridiculous. Bernanke serves at Obama's pleasure. 'Turbo Timmy' Geithner worked for the NY Fed Reserve before becoming Treasury Secretary and cheating on his taxes. It's one big incestuous bunch. Many of Obama's appointees are ex-Wall Street thugs. It's a revolving door between government and Wall Street. And Obama is the ringmaster. :)
Standard Oil and Exxon don't print money. The US government does. Currently the gov is buying $40B worth of our own treasuries every month indefinitely. You don't think that dilutes the value of a US dollar? It's not just gas prices that are rising - all commodities are rising in price. Is Exxon controlling the price of health care too? Is Standard Oil causing the price of eggs to rise? Nice try.
Fail. The CPI doesn't include the cost of food or energy.
Ah distinction of minutia as a rebuttal! That does not even work as well as your word salad. Know why? Hint: You are including "energy" in the discussion of oil (hmm, energy, oil, oil, energy... maybe they are related) prices. Maybe you'll double down?
It's simple folks. The value of the US dollar impacts the price of oil because crude oil is traded internationally in US dollars – no matter where it is bought and sold, it is always priced in US dollars. When the value of the US dollar falls, the price of oil will rise to reflect the fact that the dollar is worth less. When you dilute the economic system with massive quantities of fiat dollars through quantitative easing (currently $40B a month indefinitely) you are forced to pay more for your bread, gasoline, health care, etc.... Essentially, quanititative easing is a hidden tax that you are forced to pay to mask a failing economy. I hope that helps you understand the problem.
As we always told our kids as they were growing up, complaining does nothing but make you look like an idiot or worse. If you're going to whine about something, at least offer a realistic solution that is not solely for your benefit.
That approach actually takes some level of compassion, understanding, and forgiveness. You know, the stuff they tried to teach them in Sunday School. Clearly, judging by their rhetoric, they lack all three.
You're wrong. And I can prove it. Click on the 10 year chart. You notice that gas prices first skyrocketed in 2008 since the market was flooded with fiat currency following the economic meltdown. Then the price came down until Obama took over in 2009. Obama implemented his quantitative easing program and, as you can see, the average price of gas has consistently increased under his leadership. This is a direct result of Obama infusing massive quantities of fiat currency into our economic system. Look at the price of groceries. You will see the same increase. Same with healthcare. You are not being told the truth about the rate of increase of inflation - which is nothing more than a hidden tax to mask a failing economy. Sorry, Mercury. You haven't a clue, sir. http://ycharts.com/indicators/gas_price
What are you talking about? Obama used his so-called executive power illegally to bomb Libya with American missile and contribute to the assassination of Ghadaffi. He did not even confer with Congress prior to his actions. It was in violation of the War Powers Act of 1973 - the same law that Obama accused George Bush of violating when he went into Iraq. And Obama used his executive powers to give amnesty to millions of illegal migrants just last year. Obama signed the indefinte extension of the Patriot Act. Obama signed NDAA which took due process away from American citziens. Obama extended the George Bush tax cuts for the richest 2%. Obama gave trillions in bailout monies (via direct tax dollar infusions and quantitative easing) to the biggest banks which causes the economic crisis. So to claim that Obama has clean hands is about as naive a statement as I could imagine. Please - accept the truth and stop burying you head.
It seems gas prices are determined by supply and demand. Higher prices generally indicate higher demand because of improving economic conditions. When the world economy tanks, prices go down.
The economy was running at peak capacity during the Bush years and look at the 10 years chart. Prices were well below the prices shown during the Obama years with the exception of right after the economic meltdown when infustions of literally $TRILLION$ of dollars were pumped into the economic system. So you're explanation makes no sense, sir. Sorry.
How did I know in advance that your response to my factual comments about Obama would be "Well, George Bush was worse" instead of staying on topic with OBAMA! And then you accuse me of straying off topic??? Hilarious, sir. :) There is only one TRUE solution. Huge cuts in both social services and defense. And a complete revamping of our medical system and does not involve transfering costs from one group to another. Make the consumer responsibile for controlling medical costs. Put the burden of routine medical costs on the consumer so that he must pay attention to how much the doctor charges. Force all health care providers and hospitals to post a price list in their businesses - just like all other businesses must do. Medical insurance should cover catastrophic illness - not routine medical services. And legalize euthanasia so that people can control their own end-of-life decisions instead of getting permission from the state to die. Those are only a few of my solutions. But that should wet your lips.
Sorry to point out the flaws in your point....again
Both the dems and the republicans whore themselves out to the highest bidder. That's the heart of the problem. And unless you call them out they will ruin your children's future. Good luck.
The economy was sputtering before the financial meltdown. Peak gas prices happened during the insane Bush years. After the meltdown, you could buy a lot of things cheap, including gas. How about Apple for under $200? Without the QE infusions, you would be writing your responses on a cave wall with a black stick. That's probably what you would prefer as long as everyone else were reduced to the burned out paranoid shell you've become. I already said we will own our vote. Can you never be appeased?
You need to stop the 'cave wall' nonsense and read world history. Empires perish due to exhorbitant levels of debt. We are there. It seems that you would rather continue your selfish lifestyle and ignore the peril that you are promoting for future generations. Pure selfishness.
Go look at your beloved chart and you will see US GDP growing except when Bush drove it into the ground and it is currently higher than ever and on a upward trajectory. <a href="http://ycharts.com/indicators/gas_price/chart#series=calc:,type:indicator,id:gas_price,,calc:,type:indicator,id:gdp&maxPoints=650&zoom=10&format=real"><img src="http://media.ycharts.com/charts/3e08fe77a6ccfb9e9dd7b17f2e34655c.png" alt="US Retail Gas Price Chart" /></a><p style="font-size: 10px;"><a href="http://ycharts.com/indicators/gas_price">US Retail Gas Price</a> data by <a href="http://ycharts.com">YCharts</a></p> You might have heard that demand for gas is rising and the dinosaurs have stopped making more. That is going to increase the price no matter who is President. Have you read the history of the Great Depression or the recent history of Japan's long recession and the lesson learned that more government stimulus could have shortened them? Perhaps you should take your shrieking forboding warnings and hair pulling down to the Spectrum mall where you can generously enlighten the masses with your wisdom. Watch for the familar sight of disgust and recoil that you've no doubt already seen many times in the faces of everyone who was ever close to you.