MacDailyNews - Where Mac news comes first

Nov 04, 09 - 10:51 am Comment from: wannabe

Oh, gag me with a teaspoon MDN.

Nov 04, 09 - 10:55 am Comment from: HMCIV

Ha! Take that Microsoft. Wait... what?

Nov 04, 09 - 10:57 am Comment from: KillBill

Yep, celebrate the idiots that let Wall Street run riot, but then the Hopium democrats bailed the m^&%$^&s;out.

Two sides of the same double headed coin.

Question is, would Wall Street also cheer a number of Democrat election wins? Kind of like Apple stocks up until this year: they went down with bad news, but they also went down with good news.

And welcome back folks to RightWingMacDailyNews.com ....

I'm sure the big banks and big insurance are sure happy to see Republicans back in office so they can steal billions from taxpayers AGAIN.

Rasmussen Poll - If Election Were Held Right Now, Obama Loses:

http://tinyurl.com/obama-loses-today

Yeah, GOP governors in NJ and VA are really going to boost the economy. Take that, commies.

BAG COMMIE

Watch ABC TV's "V," think Obama, and become enlightened.

Nov 04, 09 - 11:17 am Comment from: JadisOne

If you believe that headline, then please wire transfer me all your money so that I can "invest" it.

I guess today MDN is going to be political daily news so I guess I'll digest my tech news elsewhere today.

Nov 04, 09 - 11:18 am Comment from: Shinobi

@G Spank

The banks got big bail out money and big pay increases under Bush and Obama.... Obama talks about cracking down on them... but does not do very much about it... especially for Goldman Sachs, and JP Morgan....which apparently are untouchable.

It appears both parties are working much more for Corporations and Big Banks... Look at all the the donations they take from Big Banks.. especially Obama.

Nov 04, 09 - 11:28 am Comment from: Islandgirl

Was Wall Street also cheering the election of a Democrat in NY-23? It's the first time a Democrat has been elected there since the 1800s.

They say all politics is local. I think that especially held true for Jon Corzine. NJ has the highest property taxes in the nation and although he pledged to reduce them, he didn't.

You won't read it on MDN or CNN Money, but CNN's news side reported last night that exit polls indicated voters approve of Obama by 57% in New Jersey and 52% in Virginia.

What changed from last year's election is that the coalition of young people and other traditionally nonvoting groups who were motivated to vote for Obama in 2008 didn't go to the polls in 2009.

There also appears to be an anti-incumbent wave at work. In my hometown voters just kicked out an incumbent mayor and city commissioner.

So it goes. I'm more enthusiastic about the Breeders Cup races this weekend. Go Zenyatta!

Islandgirl,

Nice fantasy, but the vote was split. Add the Republican and Conservative votes in NY-23 and the Dem loses again.

Explain this away:

Rasmussen Poll - If Election Were Held Right Now, Obama Loses:

http://tinyurl.com/obama-loses-today

Nov 04, 09 - 11:39 am Comment from: DogGone

@Reagan

The same thing would have been true for both Bushes.

The vote is always going to swing away from the incumbent president party. Happened with Clinton and GW. Both lost control of the house and senate during their terms. This is American politics, voters don't like one party have total control for long. I bet the Dems will lose control of congress in the next major election in a years times.

DogGone,

Incorrect.

"The 2002 midterm elections proved that no generality in American politics was absolute. Although a first-term president’s party had not gained ground in midterm elections since 1934, Republicans in 2002 increased their narrow margins in the U.S. House and regained control of the U.S. Senate with Pres. George W. Bush taking the point... On election day Republicans picked up six seats in the House, expanding their advantage to 229–206. More important, the GOP recorded a net gain of two Senate slots, including the Minnesota seat, to take control of that body."

http://www.britannica.com/EBchecked/topic/1517847/The-US-2002-Midterm-Elections

Election recap: 1. VA always votes the other way after pres election. 2. NJ the Goldman Sachs guy lost. 3. NYC - Bloomberg bought a 3rd term. 4. NY - Dem wins for first time since Civil War. 5. CA - Dem wins again. 6. ME - the gay marriage battle goes on. 7. These were local elections. 8. Everyone is concerned about the economy.

And Reagan Revolution II Coming: What does that mean, you want another president that helped dramatically balloon the federal deficit to help rich people? Niiiiiiiiccccceeee.

And Rasmussan? You can trust their polling about as much as you say Cluster Fox News is objective.

What is there to cheer? The Republicans won the gubernatorial races, yeah, but the Democrats won the House races.

Nancy Pelosi now has two more Democratic votes to pass her health care bill. And one of them is a seat that hadn't gone Democrat in over 100 years.

I want Reagan II, without the need to outspend the USSR to win the Cold War.

Lower taxes and much, much, much less government spending.

Obama's totally out-of-control, irresponsible spending will kill the Democratic party for at least a generation.

Use our taxes for our infrastructure (roads, electric grid, alternative energy, border control) which benefits all citizens, including the actual taxpayers for a change.

Elsewhere, just get the hell out of the way (kill Cap and Tax, for example, which does nothing for the environment and is just a massive money grab) and let the US economy roar.

That's what I want.

The WSJ and the NYT have both recently published articles about The Presidency and Ownership.

The WSJ article talked about at what point do you 'own' what's on your plate vs. blame the person before you.

The NYT (yes the times) article was more about how people in Iowa who voted for our current president do not feel he is living up to his promises.

Both articles had a similar tone in that they said it seems as if the current administration is still hiding behind the past administrations choices. (excuses)

Regardless of how one feels about either party/candidate, a time comes when you have to 'own' the job you were hired for or ran for, and poll #'s show that people feel the current administration needs to start owning things, that they are making excuses.

I myself think much of it is it is easy to say i'll do X, Y, Z during a campaign, and criticize others, but when you get the golden ticket you also get NSA briefs and other wake up calls on that day in late Jan.

Short version is, if the current Administration is going to be credible with a majority ( a real one not 51/49...think 70+) it needs to start 'owning' things.

Personally I want America to do better, but when Americans, who often have short memories, start seeing things as 'excuses' vs 'were working on it' and during a time when the house and senate are also all on the same side of things, yet things don't change, people think 'excuses'.

Personally I think the current president can excel if he stops letting his party in congress derail his agenda and speak for him. I think he is smart enough to know he has to go left center to get stuff done, but IMHO his own party is killing him with their all left thinking.

Ex = UniHealth is a debate for another time, but regardless using a partisan vote to force it thru (1900+ unread pages) will just start a backlash with voters. If things don't change every round of elections will look like this. When you on top it's 'yours' to lose. This is when the 'I voted for X because I don't like Y' mentality starts up...and that is never a real solution... United we stand, divided we fall.

Nov 04, 09 - 11:59 am Comment from: breeze

No one has a monopoly on the U.S. flag.

Nov 04, 09 - 12:00 pm Comment from: ron

Let's pray that this will stop the spiral into the drain of socialism.
The 'BigO', has become the 'Big 0'.

Falckman,

Appropriate name. Rasmussen is historically one of the most accurate pollsters available. Don't shoot the messenger just because you don't like hearing the truth.

Flackman made the essential points, although I'd add that in NJ the single most important factor was unemployment: highest in 30 years. Further, Corzine actually finished much higher than the polls have shown all year - long before the fact-free crazies began shaking their pitchforks and teabagging each other. So if you want to engage in this fatuous enterprise you could argue more persuasively that Obama's and the Dems' popularity have been increasing in recent weeks.

If, in fact, investors *are* reacting to the Republican victories by sending shares up, I'd recommend a quick course on short selling - in particular, you'll make money short-selling anything that Goldman recommends you buy. (That's how they've been making their money lately.)

Nov 04, 09 - 12:03 pm Comment from: Scot Murphy

I think I'll head over to the Fox website and see if there's any Mac news.

™Can't wait for 2010 and 2012!

"Watch ABC TV's 'V,' think Obama, and become enlightened."

I know, it was eerie. Watch this indoctrination:

11 Uncovered Videos Show School Children Performing Praises to Obama: http://bit.ly/3YTCir

Nov 04, 09 - 12:27 pm Comment from: ChrissyOne

I'd just like to say at this point that I heart Washington state.

ABC TV Series 'V':

Duplicitous, Fascist, Invading, Alien Lizards arrive promising "Universal Health Care" and offering "Hope."

The market isn't up because of Republican victories... There are plenty other items driving the market.

Imagine this. At a time of political turmoil, a charismatic, telegenic new leader arrives virtually out of nowhere. He offers a message of hope and reconciliation based on compromise and promises to marshal technology for a better future that will include universal health care.

The news media swoons in admiration -- one simpering anchorman even shouts at a reporter who asks a tough question: “Why don't you show some respect?!!” The public is likewise smitten, except for a few nut cases who circulate batty rumors on the Internet about the leader's origins and intentions. The leader, undismayed, offers assurances that are soothing, if also just a tiny bit condescending: “Embracing change is never easy.”

So, does that sound like anyone you know? Oh, wait -- did I mention the leader is secretly a totalitarian space lizard who's come here to eat us?

Welcome to ABC's V . . . from the fawning reaction of the news media (sample press-conference question to V leader Anna: “Is there such a thing as an ugly visitor?”') to the recruiting of human supporters into an alien front group that could easily be mistaken for “community organizing,” the parallels to Obama are unmistakable.

http://www.miamiherald.com/entertainment/columnists/glenn-garvin/story/1308421.html

Nov 04, 09 - 12:53 pm Comment from: Islandgirl

Nice fantasy, but the vote was split. Add the Republican and Conservative votes in NY-23 and the Dem loses again.

Not true. You can't assume the votes for Republican Dede Scozzafava would have gone to Conservative Party Candidate Dan Hoffman because Scozzafava is that most endangered of legislators, a moderate Republican, and she endorsed Democrat Bill Owens.
It's no fantasy to state NY-23 voters rejected the most extreme candidate. It also should be a lesson to the GOP: Don't eat your young.

I think today's Politico article states the obvious take-away and separates the truth from your spin:
Exit polls: Mixed bag for GOP, Dems
http://www.politico.com/news/stories/1109/29120.html

Here's an excerpt that echoes what I said about "All politics is local." Percentages are actually higher than I saw in CNN's estimate.

"In New Jersey exit polls, 60 percent of voters said Obama did not figure into their decision, while 57 percent of the Virginia electorate echoed that sentiment, numbers that could potentially calm some Democrats' fears of a backlash against the administration heading into next year's mid-term elections."

That said, I do think Obama has work to do on backing up his campaign platform with results.

Nov 04, 09 - 12:54 pm Comment from: Ashami

Actually, Jon Corzine (who lost in NJ) was a Goldman Sachs CEO and a big player on Wall Street...if anything, Wall Street is mourning his loss. Deeds, who lost in Virgina, is no radical liberal...he is a solid "Blue Dog" type politician, and quite friendly to Business; again, nothing for Wall Street to worry about. Plus, these are governorships, which have pretty much no impact on Wall Street at all.

However, there are two new Democrats in the house, one of which—John Garamendi (CA-10)—is very liberal, and Owens in NY-23 who stomped the upstart teabagger. They will have a more direct impact on Wall Street than the two governors...so perhaps Wall Street is celebrating those progressive victories? Hm, seems unlikely...maybe stocks are up for reasons other than speculative dreams from a GOP that is, in all, an irrelevant party stuck in the weeds.

And why is this relevant on a Mac News website?

Personally, I think the market is opening higher because of the results of the NY-23 Congressional Race. A total rebuke of the teabaggers and other right wing wingnuts.

Only takes a slight jiggle of the red political flag to bring the nutbars out.
Cons suck
Dems suck
Macs suck...oh wait I just got caught up int he moment. Sorry

Seriously? Seriously.

MDN, unfortunately you are getting the unsubscribe button for this ridiculous post.

Why the f*** do I need unintelligent reporting on the politics from you for?

"U.S. stocks were poised to open higher Wednesday, as Wall Street cheered a number of Republican election wins ahead of the Federal Reserve's latest policy meeting decision"

What the f*** is this sentence anyways? It's pretty obvious that the Republican election wins mean nothing regarding the stock market. The reason that futures were up was because the FED WAS EXPECTED TO KEEP RATES THE SAME!!

Just keep printing mindless Mac news and stick to that. Seriously.

Reagan started this mess you morons!!!!!!

MW = Daily, as in MDN delivers it "daily" FoxNews BS!

Good work MDN you now have one less reader here. BuBye!

MDN revisionist:
finally, we thought you'd never leave!

the market was oversold and everyone realized what a $(*&$ing moronathon was the JP Morgan downgrade on chipmakers across the board when the market is expanding.

Wall Street is not cheering the loss of Corzine, one of their own - a former GS Chairman. Get real. If anything Wall Street is cheering the loss of the Sarah Palin radical right agenda in the NY-23 race handing the first win to a Democrat in that district since the Civil War.

Nov 04, 09 - 02:35 pm Comment from: auramac

It's like cheering carcinogens. They create and perpetuate the worst about this society, and get cheered by greedy bigots.

Another fun day at Douchebag Daily News. Hey MDN, let's quit with the bullshit politics already, huh?

Come on people.

You have no idea how much the last 12 months have hurt MDN's proprietors.

Let them have their pathetic moment of comfort because Virginia and NJ have put Republicans in executive charge of their states whilst ignoring the fact that – despite the support of Palin, Beck and assorted right-wing nutjobs (or maybe because of their support) – the GOP somehow managed to lose NY-23. What's more bizarre is that the afore-mentioned nutjobs are claiming this as victory as they stopped a moderate Republican from taking office.

Nov 04, 09 - 03:01 pm Comment from: Hm...

One more demonstration of the aphorism:
   Stupidity is a condition; ignorance is a choice.™

@IslandGirl
You keep trying to have a battle of the wits with unarmed opponents; don't bother. It's like trying to teach a pig to sing: it doesn't work and just annoys the pig.

Nov 04, 09 - 03:01 pm Comment from: 84 Mac Guy

A good businessman never mixes politics and business because when you bring up politics you will always piss off a bunch of your customers. Pissed off customers don't come back.

MDN, I'm talking to you!

84 Mac Guy, etc.:

MDN's coverage is completely legitimate as this affects AAPL and, if you don't like what's quoted, take it up with CNN/Money, not MDN.

I'm happy to see a lot of good, intelligent posts. No flame wars. I agree with much that's been said.

This got me:
"...current policies in Washington, including massive spending programs that have helped grow the federal deficit."

Uh, reality check. The massive spending, on the wars, bailouts, etc... took place under Bush. The current amin inherited that burden.

I'm not defending the current admin. But let's be factual, the big spender was Bush.

I agree the spending should be cut. But Bush didn't cut at all -- he ballooned the deficit like nobody's business.

"MDN's coverage is completely legitimate as this affects AAPL and, if you don't like what's quoted, take it up with CNN/Money, not MDN."

The Presidential Inauguration of Barack Obama was held in Washington, DC on January 20, 2009, AAPL stock price $78.20
Closed Nov.3rd 2009 @ 188.75

So where's MDN take on the positive effect the election of President Obama on Apples Stock Price?

Nov 04, 09 - 03:53 pm Comment from: dave smith

Lets face it folks, the Democrats and Republicans are a club. I think they should just call it "The club" instead of having different party names.

They both put us in this mess we are in today.

The only difference it seems between the two is that McCain would have already bombed Iran with Nuclear Weapons.

since when does the outcome of governor's elections in two states have the force to move the market? In other elections across the country, the other corrupt political chummy club made large gains, too. Methinks investors are reacting more to economic analysis and huge investments by Buffett than they are to the latest state-level political popularity contests.

Nov 04, 09 - 04:11 pm Comment from: Jim - TIV

getting popcorn...

R2: "Nancy Pelosi now has two more Democratic votes to pass her health care bill. And one of them is a seat that hadn't gone Democrat in over 100 years."

Now that's awesome news!

The Rush/Beck/Palin/teabag candidate lost! Even better news!

So where's MDN take on the positive effect the election of President Obama on Apples Stock Price?

MDN - like the GOP - ignores data that doesn't fit with their ideological bias.

Next time a Gooper blames the Democrats for the credit crunch, ask them if they favor more regulation of the financial markets. Then ask them why the SEC capacity was gutted during what I'll call the "Contract With America" congress.

We're the GOP and Sarah Palin was our idea!