• AdLib : Same here…hope the optimism bug is catching! ;-) Have a great weekend, Murph!

  • MurphTheSurf3 : Well, we shall see….nice chatting….it may be that the fates hold a better future for us than I had was predicting a few weeks past…time will tell the tale. Good night.

  • AdLib : I remember the statement they made and they did mention both the lack of cooperation that the Bagger hostage crisis caused but also made it clear that substantive debt reduction had to be reflected. So, the process was a disaster and the debt needs to be reduced…but S&P was acting politically if you ask me.

  • MurphTheSurf3 : The key to the rating is not the percentage but how clear it was that we were good for it…..the S and P review made it clear that the problem was the failure of Congress to act in a way that inspired confidence.

  • AdLib : And the GOP “no tax increases” mentality is like holding back the firemen from putting out the fire. Wonder if they’re concerned about that or in such denial because of their greed to get more cuts?

  • AdLib : Hmm…wonder why they would think that AAA rating wouldn’t be affected once deficits grew to a certain percentage of GDP?

  • AdLib : The market and economy had been going south after each time the Fed declined to act over the last several month. It seemed inevitable but I wasn’t sure they’d do so before the election.

  • MurphTheSurf3 : AL No doubt the debt was a device to bring down Obama…but I think the rate drop was a surprise and a shock – the bankers hear the GOP making the same noises again, encouraged by the billionaire boys club and do not like it.

  • AdLib : Remember what Cheney said when Repubs were in power? “Deficits don’t matter.” To hedge fund guys like Romney, their whole business plan is “Deficits don’t matter,” that’s irrelevant to their profiting from companies they take over.

  • MurphTheSurf3 : Bankers tend to be longer term thinkers and the FED is bankers..conserv ative in the old sense of that word…10 of the 11 gave the GOP the bird in voting as they did. I have not talked to my friend yet about his but will this weekend. BTW he predicted strong action.

  • AdLib : Murph, IMO, the craziness about the debt was just a ruse, manufactured to have something to mask the hatred of racism and classism.

  • AdLib : Yep, the old saying, “Be careful what you wish for” may be applicable. The wealthy know that the Ryan budget and Romney’s plan are frauds and will only result in greater debt or drastic cuts to government spending that would crash our economy. They are short term thinkers typically, yes, they would benefit hugely in the short term from tax cuts but I think some are thinking a little bit farther ahead now and seeing that everything could come crashing down when unsound economic plans are executed.

  • MurphTheSurf3 : AL…to add to that. Quote from my banker friend: “Where the hell was all this passion about the debt when they were running it up and turning the country into a bad credit risk…damn Bush and the neocons.”

  • MurphTheSurf3 : AdLib….you could have been in the room when we talked about it. Precisely the scenario he spelled out.

  • AdLib : Makes sense, Murph. Consider if the Repubs controlled Congress and the WH and the debt ceiling vote comes up again. And they simply refuse to raise it. And the US credit rating along with the economy spirals down, China doesn’t want to keep buying debt we refuse to service…financ ial Armageddon? I do think they’re realizing how much they need an adult in the room to stop the insane ideologues from destroying the economy.

  • MurphTheSurf3 : Let me say a bit more…he says that there is a growing sense that the interests represented by the biggest money people run contrary to the interest of the the next brackets below- the bracket which a bank and banker like my friend represent. I wonder if the GOP has overplayed its hand in…..well in everything….

  • MurphTheSurf3 : I ask the question because of a banker I know in St. Louis who says the business community is really souring on the GOP play in all of this that goes back to the S and P downgrade in our bond rating. I tie this into the comment from another friend about the money shift thatmay be happening.

  • AdLib : I do think that there are some pragmatic conservatives out there who really do see the fiscal disaster that could occur with Baggers slashing spending and cutting taxes so yes, I think there is a political consideration here. At the same time, I think they held off longer than they should have, trying not to be too political but with the weakening of the economy continuing for so long and the prospect of BS economics that Repubs could enforce, I think they took steps now because though they may not like Obama, they are afraid of the Baggers controlling the economy.

  • MurphTheSurf3 : AL-+- How do you read the Feds very significant decision of the last two days- I read it to mean that they wanted to move now before the election in a belief that Obama is a more trustworthy steward of the economy than Romney. You?

  • AdLib : The more debates, the better. Putting Claire up against him like that is in her favor. If she could lure him out on more crazy beliefs, could really cement things for her.

  • MurphTheSurf3 : AL-+- The where, when and what of the debates with AKin is being fought over by the campaigns. Akin is so arrogant that I am sure he will want to debate at least twice.

  • AdLib : And SOTU speeches.

  • AdLib : Thanks Murph, it’s a heck of a lot of fun to have the live chats here, especially for debates!

  • MurphTheSurf3 : Ad Lib…great….t he Planet does this so well.

  • AdLib : We’ll use the Live Events page, the link to it is on the menu bar above. We last used it for Obama’s DNC speech.

  • AdLib : Murph – It will be identical to this Vox Page but with a live feed video embed if available.

  • MurphTheSurf3 : AL I saw your not about doing a live chat for the Debates. Can we do it on Vox? This works so well compared to posting in a regular stream.

  • AdLib : Great! I assume she has at least one debate with Akin coming up?

  • MurphTheSurf3 : AL…the polls are even with Akin…Claire has just hit on a great campaign theme. A Congressional rating agency that puts members on a scale from most conservative to most liberal has her in the 50 out of 100 spot. 50 right in the middle – perfect for Mo. is her pitch. I think she is going t do it.

  • AdLib : I saw one poll that showed a tie and another showing Claire up by several.

  • AdLib : So Murph, before you go, how are you feeling about McCaskill right now and where do you think the polls are now?

  • MurphTheSurf3 : AL I am taking off as well….been a long week. Working hard for Claire….and doing what little I can for Obama here.

  • AdLib : Night KQ, sleep well!

  • KQµårk 死神 : I’m going to get going a little early myself. Take care folks.

  • AdLib : Murph – Well, they just broadcast it again right now. It seemed ridiculous but I have to say, it’s amusing having a bogus claim out against Romney for a change. I’ve made a number myself but always expect them to be recognized as satirical.

  • KQµårk 死神 : Yeah the ABBA thing was actually a David Brooks satire.

  • MurphTheSurf3 : AL the Abba story was a put on and has been retracted by MSNBC

  • AdLib : too

  • AdLib : Just saw this again with MSNBC in the background, this is true, did you know that Romney cancelled a company event because ABBA was going to play and he found their music to harsh?

  • AdLib : Of course the GOP allowed applauding and shout outs of hatred, they just wanted to whip up their base. And it certainly led to many base moments. ;-)

  • AdLib : KQ – I can almost guarantee that applauding won’t be allowed during the debates. It is inappropriate in a serious Presidential Debate and is typically barred.

  • AdLib : Night Kes! Have a great weekend!

  • AdLib : Murph – As you say, the CU money is a factor but not one-sided as it was for Romney in the GOP primary. And, research has proven that lots of negative advertising is only effective in the short term, after using it for a while, the one it supports is harmed…which is why Romney’s likability numbers plunged in the GOP primary and have never recovered. Neg ads are a sword that can cut both ways over time and I think Romney has established himself as a nasty person in the minds of a majority through it

  • kesmarn : And on that happy note, I think Ill say g’night!

  • KQµårk 死神 : Sleep well Kes.

  • kesmarn : G’night, Sabreen. I’m right behind you! And yes, AdLib, I suppose we should send a thank you note to the Kochs for employing all those homeless people to ride T-Bag busses, cheer in audiences, and post trollery on HP. After the election, it’s back to the soup kitchen.

  • KQµårk 死神 : TC Sabreen

  • KQµårk 死神 : I doubt they will let the crowd participate in antics like the GOP debates anyway.

  • AdLib : Night Sabreen!

  • MurphTheSurf3 : Read today that the first victim of Citizens United were those who were taken out by the Mitt Money Machine in the early days of the Primary…that advantage will not be in play as it will be a surprise.

  • Sabreen60 : Folks, I’m all in. Lets hope that Romney continues to have hoof and mouth disease. Be good until next time.

  • AdLib : Kes – Actually, haven’t the Kochs and Rove unintentionally helped stimulate the economy by pouring in hundreds of billions in advertising, troll payments, rallies, etc?

  • kesmarn : He’ll be the first presidential candidate to giggle himself to defeat in the debates.