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rdw4potus
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November 6th, 2012 at 10:22:45 PM permalink
Quote: MathExtremist

If so, then based on the current projection from Fox (and CNN), Nate was exactly right. Obama projects at 303 without Florida, 332 with, and that's the only uncalled state right now.



He also has a 2.5% popular vote spread (50.8 to 48.3). It'll be interesting to see if the west coast blows Obama's lead out closer to that level in the popular vote as well.
"So as the clock ticked and the day passed, opportunity met preparation, and luck happened." - Maurice Clarett
rxwine
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November 6th, 2012 at 10:22:54 PM permalink
Quote: AZDuffman

Since we will be doing what we did the last 4 we should get more of the same-high unemployment, low growth, lack of business start-ups, and loads of money printing.



If you love conservatism more than the country you should hope so. Because if things trend the other way, the Kenyan, socialist, empty suit, teleprompter president may leave an argument that you can be socially responsible and recover the economy.

Rush Limbaugh will be crapping in his adult diapers if that happens. (okay, not really, he will just be in denial of anything good coming from Obama no matter what)

But he will still be crapping his adult diapers.
There's no secret. Just know what you're talking about before you open your mouth.
rdw4potus
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November 6th, 2012 at 10:55:02 PM permalink
John Tierney won in MA-06 (by about 3000 votes) to keep MA as the largest state in the country with a single-party congressional delegation. If Jim Matheson loses in UT-4, then I think Nevada will be the smallest state that is represented in the House by both parties.

New Hampshire is poised to become the first state in history to have it's entire multi-person congressional delegation change hands 3 times in 6 years (RR to DD in 2006, DD to RR in 2010, RR to DD tonight).

Heidi Heitkamp is projecting to win the open ND senate seat by 120 votes. If she and John Tester hold the line, then the Dems will actually gain seats in the senate tonight.
"So as the clock ticked and the day passed, opportunity met preparation, and luck happened." - Maurice Clarett
AZDuffman
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November 6th, 2012 at 11:00:26 PM permalink
Quote: rxwine

If you love conservatism more than the country you should hope so. Because if things trend the other way, the Kenyan, socialist, empty suit, teleprompter president may leave an argument that you can be socially responsible and recover the economy.



You cannot spend your way to prosperity, as we will continue to see.

Do be ready for your tax increase in 55 days, so you can be socially responsible.
All animals are equal, but some are more equal than others
tringlomane
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November 6th, 2012 at 11:02:06 PM permalink
Quote: rdw4potus


Heidi Heitkamp is projecting to win the open ND senate seat by 120 votes.



I know it's ND, but isn't that close enough for a recount?

Quote: AZDuffman

You cannot spend your way to prosperity, as we will continue to see.

Do be ready for your tax increase in 55 days, so you can be socially responsible.



Since I'm an unemployed "doctor", my taxes won't be increasing, along with most of the active members of this forum.
P90
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November 6th, 2012 at 11:04:01 PM permalink
Well, at least Wizard had a hedge against this outcome. Doubt the winnings will cover the loss over 4 years, though.
Resist ANFO Boston PRISM Stormfront IRA Freedom CIA Obama
rdw4potus
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November 6th, 2012 at 11:05:51 PM permalink
Looks like Matheson pulled out his race by about 2500 votes after polling down 5-10 points for the last couple months.
"So as the clock ticked and the day passed, opportunity met preparation, and luck happened." - Maurice Clarett
rdw4potus
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November 6th, 2012 at 11:07:40 PM permalink
Quote: tringlomane

I know it's ND, but isn't that close enough for a recount?



Easily. But it's pretty laughable right now. she's up by 2,800 votes with 92% reporting. Berg stands to gain 2,680 votes based on a straight line proportional estimate of the vote in the counties with precincts left to report.
"So as the clock ticked and the day passed, opportunity met preparation, and luck happened." - Maurice Clarett
AZDuffman
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November 6th, 2012 at 11:07:41 PM permalink
Quote: tringlomane





Since I'm an unemployed "doctor", my taxes won't be increasing, along with most of the active members of this forum.



If you pay income taxes you are going to pay more. The Bush cuts-for-all expire. Hopefully the GOP in the House holds the line and demands they be exended for all. Otherwise they should say, "America, you wanted a tax incerease, here it is!"
All animals are equal, but some are more equal than others
tringlomane
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November 6th, 2012 at 11:12:08 PM permalink
Quote: AZDuffman

If you pay income taxes you are going to pay more. The Bush cuts-for-all expire. Hopefully the GOP in the House holds the line and demands they be exended for all. Otherwise they should say, "America, you wanted a tax incerease, here it is!"



This year I won't be paying taxes of any significance. Yay for not having a job! And unless Obama has been lying, he was planning to only repeal the Bush tax cuts for people making more money than I currently would ever hope to make. If you are one of those people, I don't feel sorry for you.

If I can get a job, I really don't have a problem with paying taxes.
AZDuffman
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November 6th, 2012 at 11:14:11 PM permalink
Quote: tringlomane

This year I won't be paying taxes of any significance. Yay for not having a job! And unless Obama has been lying, he was planning to only repeal the Bush tax cuts for people making more money than I currently would ever hope to make. If you are one of those people, I don't feel sorry for you.



The House has to pass it, hopefully they make him keep the cuts for all. I do not understand the greed of folks like yourself, wanting others to pay more when you pay none. When it hits some or all look for the recession right after.
All animals are equal, but some are more equal than others
tringlomane
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November 6th, 2012 at 11:17:16 PM permalink
Quote: AZDuffman

The House has to pass it, hopefully they make him keep the cuts for all. I do not understand the greed of folks like yourself, wanting others to pay more when you pay none. When it hits some or all look for the recession right after.



When I do eventually get a $100k/yr job with my degree...um yeah, my view will not change and will be okay with paying ~40% to various forms of taxes. I am NOT being greedy at all.
rxwine
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November 6th, 2012 at 11:22:24 PM permalink
Quote: AZDuffman

I do not understand the greed of folks like yourself, wanting others to pay more when you pay none. When it hits some or all look for the recession right after.



If you think those people not paying taxes are greedy, you can be greedy too and quit your job, thus no taxes. So how about it?

Well...?
There's no secret. Just know what you're talking about before you open your mouth.
tringlomane
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November 6th, 2012 at 11:24:32 PM permalink
Quote: rxwine

If you think those people not paying taxes are greedy, you can be greedy too and quit your job, thus no taxes. So how about it?

Well...?



Haha...sure, I'll definitely be willing to take his job and pay his taxes, especially since he makes enough to worry about Obama's intended action on the Bush tax cuts!!
rxwine
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November 6th, 2012 at 11:39:05 PM permalink
Also, where is Evenbob tonight? The one night he wasn't here to diss Obama and cheer on Romney and look what happened? Way to abandon ship, dude, Just when you were needed most. You've let 300 million people down, EB.
There's no secret. Just know what you're talking about before you open your mouth.
s2dbaker
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November 7th, 2012 at 3:21:17 AM permalink
National Popular Vote:
Obama 51% - 58,936,634
Romney 49% - 56,587,014

Far from final and excluding Virgil Goode and that Johnson guy and anyone else that didn't matter.

What happened to all of those "unskewed" polls that I heard so much about?
Someday, joor goin' to see the name of Googie Gomez in lights and joor goin' to say to joorself, "Was that her?" and then joor goin' to answer to joorself, "That was her!" But you know somethin' mister? I was always her yuss nobody knows it! - Googie Gomez
AZDuffman
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November 7th, 2012 at 4:27:36 AM permalink
Quote: rxwine

If you think those people not paying taxes are greedy, you can be greedy too and quit your job, thus no taxes. So how about it?

Well...?



Sorry, I like to eat off my own plate and not somebody else's.

BTW: If you notice the ones I say are greedy are the ones who keep saying to raise taxes on somebody else, just because that somebody else makes more than them. And as the Bush tax cuts were for everybody, the same everybody will soon be paying more, probably at least $500 for an average income earner with no kids while those with can expect to pay $1-2K.
All animals are equal, but some are more equal than others
RonC
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November 7th, 2012 at 5:12:16 AM permalink
Where does this leave us with 6+ billion dollars spent on the election and essentially the same government? Republicans have the House, Dems have the Senate without enough votes to bust a fillibuster, and President Obama has won re-election with a bit less of a margin than the last election. There is no mandate either way. Don't go crazy, "O" folks, the President won fair and square and I am not trying to say that he didn't.

The next four years will be a test of President Obama's leadership. He can certainly blame Bush for whatever he'd like, but his legacy is on the line...not Bush's. Can he compromise his positions enough to force the Republicans to work with him by saying things like "look how far I've come to meet you in the middle"? He has the bully pulpit and can use it to, well, bully but only within reason. In other words, he has to give and he has to convince everyone he is giving. Will he remain steadfast and seem unwilling to compromise?

How will the Libyan incident play out?

How will he handle the "fiscal cliff"?

Likewise, the Republicans have no mandate and they clearly need to look at what happened and make some changes to their message. They will need to work with the President but their mission will be different than his--they need to make it look like they are forcing him to compromise with them. If they choose not to compromise at all, the 2014 elections could swing control back to the Dems. If they work with him in a way that makes them look good, it could have the opposite impact.

2014 and 2016 start today!!

Candidate who has hurt himself worst within his own party at this point? The big man. The President WAS acting Presidential during the Sandy visit (though FEMA seems to be failing miserably once again and the opinion may turn on the whole issue; the President won the battle when it counted!) and The governor's wet kisses did nothing but help the President. I'm all for thanking a man for doing good but at that point, he hadn't done all that much and he wasn't yet deserving of the praise the governor gave him. The jury is still out--in the end, it could be that the President's folks deserve a lot of praise or they could be deserving of a lot of criticism.
pacomartin
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November 7th, 2012 at 5:14:22 AM permalink
It looks like Republican voters gave away this presidency. Democratic turnout was incredibly low. In many battleground states (like Ohio and Florida) the votes for Obama were lower or nearly the same as than the votes for McCain in 2008. By simply coming to the polls, Republicans would have won the state.
FarFromVegas
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November 7th, 2012 at 5:36:28 AM permalink
Quote: EvenBob

Suffolk Univ pulled their polling out of Fl 3 weeks
ago, saying Obama can't win there. But what do
they know..

http://thehill.com/blogs/ballot-box/polls/261189-pollster-pulls-out-of-fla-nc-and-va-says-obama-cant-win



Apparently, not a hell of a lot.
Each of us is entitled to his own opinion, but not to his own facts. Preparing for a fight about your bad decision is not as smart as making a good decision.
AZDuffman
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November 7th, 2012 at 6:09:33 AM permalink
Quote: RonC

Where does this leave us with 6+ billion dollars spent on the election and essentially the same government? Republicans have the House, Dems have the Senate without enough votes to bust a fillibuster, and President Obama has won re-election with a bit less of a margin than the last election. There is no mandate either way. Don't go crazy, "O" folks, the President won fair and square and I am not trying to say that he didn't.



A look around the morning after and that is the real kicker. A few things got back to "normal" in the form of IN, NC, and the Senate seat in MA.

However, a few things change. Obama becomes the first POTUS to win re-election by less than his margin the first time, as of this writing he may not even end up with the same number of votes as last time. Or IOW in 4 years he has convinced a net no persons of his agenda, may have even lost a few. Not at all a mandate, more a "whatever."

Even without looking at policy, the economy will statistically have another recession during his term, Post-WWII recessions happening about once just under every 5 years. We got spoiled with the boom of the 1980s that carried into the 1990s. That is probably over and we regress to the mean. He will not be able to credibly blame Bush any longer for that or anything else. I am predicting it sooner rather than later, Q3 of 2013, unless the tax cuts are extended, something I do not feel he will agree to do.

Second terms attract scandals and problems. Libya is a brewing scandal, as are all the green-failures. If the media digs on them remains to be seen.

Fiscal cliff gives no time for a break, expect a wild lame-duck Congress next month.


Quote:

2014 and 2016 start today!!



*sigh* yup
All animals are equal, but some are more equal than others
ams288
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November 7th, 2012 at 6:39:07 AM permalink
A lot of people owe Nate Silver a big apology. Assuming Florida goes for Obama, he called EVERY STATE CORRECTLY.

It seems like now, all of his doubters have changed their tune from "he doesn't know what he's talking about" to "well, all he did was average the polls.... anyone could have done that." Yeah, anyone could have done that, but you still would have had your heads up Rasmussen's ass.
Ding Dong the Witch is Dead
bigpete88
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November 7th, 2012 at 6:39:15 AM permalink
Quote: Wizard

I had about $21,000 bet on the election. Of course, I had to lay odds on Obama, so didn't win nearly that much.



You're my Idol. I had $2,000 bet. Next election, I should bet 20k too.
bigpete88
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November 7th, 2012 at 6:43:01 AM permalink
Quote: Mission146

BREAKING NEWS

Rasmussen Reports has just called the election for our new President of the United States, Mitt Romney!



Mission,

I take it that you are being serious?? Really??

I would fire his dumb ass and will switch the channel any time I see his mug on my TV
FarFromVegas
FarFromVegas
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November 7th, 2012 at 6:44:37 AM permalink
Quote: bigpete88

Quote: Mission146

BREAKING NEWS

Rasmussen Reports has just called the election for our new President of the United States, Mitt Romney!



Mission,

I take it that you are being serious?? Really??

I would fire his dumb ass and will switch the channel any time I see his mug on my TV



I think he was being tongue-in-cheek and referring to how far off Rasmussen's polls had been from reality.
Each of us is entitled to his own opinion, but not to his own facts. Preparing for a fight about your bad decision is not as smart as making a good decision.
Mission146
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November 7th, 2012 at 6:56:50 AM permalink
FFV & BF66,

Yes, tongue-in-cheek, I have a weird sense of humor.
https://wizardofvegas.com/forum/off-topic/gripes/11182-pet-peeves/120/#post815219
FarFromVegas
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November 7th, 2012 at 6:57:40 AM permalink
Quote: Mission146

FFV & BF66,

Yes, tongue-in-cheek, I have a weird sense of humor.



As do I. I think we "get" each other! :D
Each of us is entitled to his own opinion, but not to his own facts. Preparing for a fight about your bad decision is not as smart as making a good decision.
kewlj
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November 7th, 2012 at 7:51:52 AM permalink
Quote: Wizard

I had about $21,000 bet on the election. Of course, I had to lay odds on Obama, so didn't win nearly that much.



I suspected as much. I didn't think you kept such a close eye on those markets just for the fun of it. My suspicions were kind of confirmed in my mind late last week when my post inquiring if you had decided to buy a position went unanswered. lol
kewlj
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November 7th, 2012 at 8:12:38 AM permalink
I have to say, I find the lack of participation in the last 24 hour, by a couple of the more outspoken Repub members pretty disappointing. I mean if you are going to spout off as a couple of these gents did at least have the decency to say hey I was wrong. I am not talking about your candidate or party not winning. There is nothing wrong with being passionate for the side that loses. We have all been there. I am talking about these poll conspiracy theories and insisting one candidate was going to rack up 330+ electoral votes when there was no data to support anything close to that, as if you knew something no one else did. By the way he only missed by 127. I mean com' on EvenBob. How many times in the last few days after spouting off some extreme prediction and insisting that you knew better than the rest of the world, and close by saying "we will find out in just a few days". Well, now we have found out and you just want to disappear and pretend like you never said anything. In my mind, you have lost any credibility that you had, not by being on the wrong end, but by disappearing like this. Not only a loss of credibility but smacks of troll behavior. Mr Keyser....ditto for you.

If you really want to talk about polling conspiracy, lets talk about the republican leaning pollsters, Karl Rove, Dick Morris, Rasmussen. It isn't just that these guys missed so badly. They are pretty smart people. I find it hard to believe that didn't know the models they were using were so inaccurate. In other words, I feel like they had to know they were wrong and were purposely misleading their own followers. Campaign pollsters engage in this all the time, but when people and firms that market themselves as legit independent pollsters do it, they are nothing more than snake oil salesman. I hope they have now lost any credibility going forward.
bigpete88
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November 7th, 2012 at 8:13:52 AM permalink
Quote: kewlj

I suspected as much. I didn't think you kept such a close eye on those markets just for the fun of it. My suspicions were kind of confirmed in my mind late last week when my post inquiring if you had decided to buy a position went unanswered. lol



Wizard did not answer my same question either...ha ha ha

I had enough indicators to decide anyway. Just not a big enough bankroll to bet 21k. Next time I should be able to bet more than that :-)
s2dbaker
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November 7th, 2012 at 8:15:04 AM permalink
Quote: Keyser

Romney will win with 320 electoral votes or more.

The weakness of most polls is psychology. Tea Party voters are still angry and will turnout in numbers close to 2010. Consequently more Republicans will turnout than they did in 2008.. The partisan turnout looks like it will be +2 to +4 for republicans. Many statisticians are averaging the turnouts of 2004 with 2008 in order to estimate the expected partisan turnout. However, simply averaging the voter turnout for 2004 and 2008 only skews the data. You can't create an average in order to estimate voter turnout. The correct method is to estimate the MOST LIKELY voter turnout by looking more closely at voter psychology. Another method that would be more effective would be to follow the trend of voting over the last ten years. The trend is upward towards more republicans turning out if you were to plot the line. Averaging simply prevents a poll from looking like an outlier when compared to other polls in the end.

I also suspect that many statisticians are not using the correct job numbers in order to predict the election. The actual unemployment numbers are far higher than what's being reported, since many have fallen out of the system. Blacks in particular have a much higher unemployment rate, which will likely lead to a much lower voter turnout among democrats.

-Keyser

So how did that work out for you?
Someday, joor goin' to see the name of Googie Gomez in lights and joor goin' to say to joorself, "Was that her?" and then joor goin' to answer to joorself, "That was her!" But you know somethin' mister? I was always her yuss nobody knows it! - Googie Gomez
MathExtremist
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November 7th, 2012 at 8:20:24 AM permalink
Quote: kewlj

If you really want to talk about polling conspiracy, lets talk about the republican leaning pollsters, Karl Rove, Dick Morris, Rasmussen. It isn't just that these guys missed so badly. They are pretty smart people. I find it hard to believe that didn't know the models they were using were so inaccurate. In other words, I feel like they had to know they were wrong and were purposely misleading their own followers. Campaign pollsters engage in this all the time, but when people and firms that market themselves as legit independent pollsters do it, they are nothing more than snake oil salesman. I hope they have now lost any credibility going forward.



I think Nate Silver actually hit it on the head:

Quote: Nate Silver, Nov. 2 column


Nevertheless, these arguments are potentially more intellectually coherent than the ones that propose that the leader in the race is “too close to call.” It isn’t. If the state polls are right, then Mr. Obama will win the Electoral College. If you can’t acknowledge that after a day when Mr. Obama leads 19 out of 20 swing-state polls, then you should abandon the pretense that your goal is to inform rather than entertain the public. (emphasis mine)



There's nothing wrong with infotainment -- it brings in a lot of money. But it's not exactly quality unbiased journalism. Nate Silver might be better at math than a lot of pundits, but he's not clairvoyant. He just took a statistical model, applied it, and reported the results thereof. His models have been right far more often than it's been wrong. Arguing against those results, rather than arguing against the validity of the model, is somewhat akin to arguing that 1 + 1 doesn't equal 2, even if you don't dispute what "1" or "+" mean.

"The race is not always to the swift, nor the battle to the strong, but that's the way to bet."
-- Damon Runyon, riffing on Ecclesiastes
"In my own case, when it seemed to me after a long illness that death was close at hand, I found no little solace in playing constantly at dice." -- Girolamo Cardano, 1563
bigpete88
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November 7th, 2012 at 8:21:19 AM permalink
Election is over.

Does anyone want to give an over view of what the U.S. economy might look like in 3 years?

My prediction is not great and I hope that I am wrong.
UP84
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November 7th, 2012 at 8:23:43 AM permalink
Quote: ams288

A lot of people owe Nate Silver a big apology. Assuming Florida goes for Obama, he called EVERY STATE CORRECTLY.

It seems like now, all of his doubters have changed their tune from "he doesn't know what he's talking about" to "well, all he did was average the polls.... anyone could have done that." Yeah, anyone could have done that, but you still would have had your heads up Rasmussen's ass.



Yes. So true! Actually, Sliver called Florida as a toss-up, so his perfect record is intact regardless of the final tally there.
s2dbaker
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November 7th, 2012 at 8:33:58 AM permalink
Quote: EvenBob

Guess we'll find out Tuesday, huh. The talk
will talk and the bulls#/t will run and hide
under the bed..

Truer words were never spoken.
Someday, joor goin' to see the name of Googie Gomez in lights and joor goin' to say to joorself, "Was that her?" and then joor goin' to answer to joorself, "That was her!" But you know somethin' mister? I was always her yuss nobody knows it! - Googie Gomez
MathExtremist
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November 7th, 2012 at 8:38:43 AM permalink
Quote: bigpete88

Election is over.

Does anyone want to give an over view of what the U.S. economy might look like in 3 years?

My prediction is not great and I hope that I am wrong.



Follow the trendline:

If nothing else changes, unemployment will be at about 6% in 3 years.

Edit: It's my belief that Obama won re-election because many people had an intuitive sense of the direction of that chart. If the trendline in unemployment were going up, he would have lost.
"In my own case, when it seemed to me after a long illness that death was close at hand, I found no little solace in playing constantly at dice." -- Girolamo Cardano, 1563
rdw4potus
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November 7th, 2012 at 8:45:13 AM permalink
Quote: MathExtremist


Edit: It's my belief that Obama won re-election because many people had an intuitive sense of the direction of that chart. If the trendline in unemployment were going up, he would have lost.



I agree. In a fight between what basically boils down to "the economy is bad" and "the economy is getting better," "getting better" wins.
"So as the clock ticked and the day passed, opportunity met preparation, and luck happened." - Maurice Clarett
Buzzard
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November 7th, 2012 at 8:48:52 AM permalink
" "The race is not always to the swift, nor the battle to the strong, but that's the way to bet."
-- Damon Runyon, riffing on Ecclesiastes "

Best quote on this thread !

And advice most ignored too.
Shed not for her the bitter tear Nor give the heart to vain regret Tis but the casket that lies here, The gem that filled it Sparkles yet
Nareed
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November 7th, 2012 at 8:49:37 AM permalink
Here I'm posting the postmortem on the GOP: http://diversitytomorrow.com/thread/95/0/#post1042
Donald Trump is a fucking criminal
bigpete88
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November 7th, 2012 at 9:51:36 AM permalink
Not that this matters:

I live in Florida and they are still counting votes.....ha ha ha

The Mayor of Miami was just on the news trying to explain.

People waited 4-8 hours to vote.

5dimes already paid my prop bet for Obama to win Florida. Value bet at +215 where there was a 50-50 gamble on Florida.

Congrats to Nate Silver too....Big Congrats
AcesAndEights
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November 7th, 2012 at 10:45:44 AM permalink
Quote: AcesAndEights

This thread is going to be a disaster tonight. I predict EvenBob and Keyser will be MIA. AZDuffman will be a gracious loser.

Note, I don't give a fuck who wins (voted for Gary Johnson), but the smart money is on Obama.


Let the record show that I was correct. Bob hasn't posted since 11/05, Keyser since yesterday.

AZDuffman is reasonable enough to stick around and have a coherent discussion about the results. Props to him for that.
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98Clubs
98Clubs
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November 7th, 2012 at 10:52:40 AM permalink
Well, I guess the Fiscal Cliff has reared its ugly head. After Hundreds of Millions of $$$ spent by Big Oil and Big Banks, they lost. Expect to pay more at the pump.
One of the odd factoids about this election is that of the 10 richest (per capita) Counties in the USA, 8 went Obama.
I also think the Home Mortgage deduction is in danger.

I live in CT, and my thoughts are still with NJ and LI-NY... its friggin snowing here 2" + already (it started 3-4 hours early at 11AM).

Good Game for all those that cashed in on Election betting. We get 4 more years of the Obama administration and a divided Congress.
Some people need to reimagine their thinking.
AZDuffman
AZDuffman
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November 7th, 2012 at 11:04:53 AM permalink
Quote: AcesAndEights

Let the record show that I was correct. Bob hasn't posted since 11/05, Keyser since yesterday.

AZDuffman is reasonable enough to stick around and have a coherent discussion about the results. Props to him for that.



Thank you for your support. A gentleman doesn't leave when things go his way. Though I do need a break soon after months of debate.
All animals are equal, but some are more equal than others
24Bingo
24Bingo
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November 7th, 2012 at 11:07:35 AM permalink
Getting back on topic, I consider Tierney's victory a vindication for online gambling.
The trick to poker is learning not to beat yourself up for your mistakes too much, and certainly not too little, but just the right amount.
ThatDonGuy
ThatDonGuy
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November 7th, 2012 at 11:12:49 AM permalink
Quote: 98Clubs

I also think the Home Mortgage deduction is in danger.

We get 4 more years of the Obama administration and a divided Congress.


I have a feeling the home mortgage deduction will end up being one of the "compromises" - you can deduct up to a certain amount, so the people with relatively small mortgages will still get their full deduction while somebody with a mortgage on an 8-figure house, or on a number of houses, won't get as much back. Tax the rich without making it look like you're taxing the rich.

As for "four more years of a divided Congress," that remains to be seen - there's another vote in 2014, and from what I hear, Puerto Rico may be added to the mix.
AZDuffman
AZDuffman
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November 7th, 2012 at 11:15:10 AM permalink
Quote: ThatDonGuy

I have a feeling the home mortgage deduction will end up being one of the "compromises" - you can deduct up to a certain amount, so the people with relatively small mortgages will still get their full deduction while somebody with a mortgage on an 8-figure house, or on a number of houses, won't get as much back. Tax the rich without making it look like you're taxing the rich.

As for "four more years of a divided Congress," that remains to be seen - there's another vote in 2014, and from what I hear, Puerto Rico may be added to the mix.


Out of party gains in midterms. Doubt Puerto Rico gets statehood. They mostly know it is a bad deal for them.
All animals are equal, but some are more equal than others
mickpk
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November 7th, 2012 at 12:23:17 PM permalink
One of the more interesting coincidences I heard about this election was that the Republicans have not won the White House without either a Nixon or a Bush on the ticket going back to 1928. My VP pick from the WOV contest earlier this year was Jeb Bush. Had it been Romney/J. Bush on the ticket the result would likely have been different; definitely closer (FL to GOP) and possibly over the line.

Speaking of the WOV contest, do we have a winner?
24Bingo
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November 7th, 2012 at 1:04:12 PM permalink
Quote: AZDuffman

Out of party gains in midterms. Doubt Puerto Rico gets statehood. They mostly know it is a bad deal for them.



Well, apparently they want it now, so it's down to the stuffed shirts.
The trick to poker is learning not to beat yourself up for your mistakes too much, and certainly not too little, but just the right amount.
MathExtremist
MathExtremist
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November 7th, 2012 at 1:04:27 PM permalink
Quote: ThatDonGuy

I have a feeling the home mortgage deduction will end up being one of the "compromises" - you can deduct up to a certain amount, so the people with relatively small mortgages will still get their full deduction while somebody with a mortgage on an 8-figure house, or on a number of houses, won't get as much back. Tax the rich without making it look like you're taxing the rich.


Isn't that already the case?
http://www.irs.gov/pub/irs-pdf/p936.pdf
I'm pretty sure that chart shows that if you took out a $5M loan to buy a $6M house last year, you don't get to deduct all of the mortgage interest.
"In my own case, when it seemed to me after a long illness that death was close at hand, I found no little solace in playing constantly at dice." -- Girolamo Cardano, 1563
Mission146
Mission146
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November 7th, 2012 at 1:35:58 PM permalink
I guess I should mention that I think it is unnecessary to be piling verbal abuse upon people who have not been logged in since the election was decided because that is not going to do anything to encourage them to come back. This, by no means, is any violation of the Rules, just my personal opinion that we should all try to win with a little bit of class. I do remember, of course, making that comment about Rasmussen last night, but that wasn't really meant to be a dig at any particular Forum Members or their feelings concerning the outcome of this election, I just knew that the Rasmussen polls were complete bullshit.

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I can't tell you guys how relieved I was just to hear regular ads on the radio again, and the traffic/weather report is back up to thirty seconds from fifteen where it was for the last month.
https://wizardofvegas.com/forum/off-topic/gripes/11182-pet-peeves/120/#post815219
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