Okay Scott Brown won. Now the Democrats will do everything in their power to hang this around Coakley's neck which is to be expected by people whose every success is a result their acumen and failure is someone elses' fault. Gotta love how cannibals treat one another no?
I wanted to write on piece on what the win by Brown was a reflection of. Rather than do this I will post what Karl Denninger over at Market Ticker had to say on the subject this morning in his post A Warning to the Washington DC Establishment which is absolutely spot on:
The message that should be taken from Brown's victory is simple, succinct, and clear:
- Ramrodded policies are not going to be tolerated. It doesn't matter if it's The Fed doing it, President Obama doing it, or Congress doing it. PUT THE FACTS ON THE TABLE, DEBATE OPENLY, AND MAKE NO MORE CLOSED DOOR DEALS IRRESPECTIVE OF THE SUBJECT MATTER!
- President Obama said he was NOT an agent of the banksters and fraudsters on Wall and K Streets alike. HE LIED. Neither party has been willing to address this problem but it must be addressed right here and now. Those who committed fraud during the bubble years, and this includes most particularly those on Wall Street, must be held to account. Each and every firm on Wall Street must be subjected to a full forensic audit with all indications of criminal wrong-doing turned over to a Grand Jury - NO EXCEPTIONS.
- Start listening to The American People. NOW. America will NOT tolerate a ramrodded health care bill. America will NOT tolerate being ripped off with 30% credit card rates while banksters rake in billions in bonuses - "earned" through phony accounting and government handouts. America will NOT tolerate being ignored when they tell Congress by 100:1 margins (or more) to NOT PASS TARP. America will NOT tolerate so-called "trading partners" who exploit effective slave labor conditions and then rob our nation's secrets and her corporations blind, then sell us poison toys and costume jewelry. And America will NOT tolerate any more of the BS from Washington, Wall Street and foreign nations that are in Congress' pocket - and that got us into this mess. WE DEMAND JUSTICE NOW.
- Want to lose your job Senators? VOTE TO RECONFIRM BERNANKE AND YOU'RE FIRED.
STOP THE LOOTING (and spending) AND START PROSECUTING RIGHT DAMN NOW!
Politicians cannot take from this win that either party is "safe" or "has favor" with The American People.
This win was about one thing above all others:
WE THE PEOPLE HAVE HAD ENOUGH OF THE DUPLICITY, LIES AND CON JOBS, AND IF YOU DO NOT LISTEN TO US AND STOP IT - BOTH IN WASHINGTON DC AND ON WALL STREET WE WILL THROW YOU OUT ON YOUR ASS.
DO YOU HEAR US NOW WASHINGTON?
IF YOU DO NOT WE ARE COMING FOR YOU ON NOVEMBER 2nd 2010 - THAT'S A PROMISE.
Well put Karl. My sentiments exactly.
It is my opinion that Scott Brown's one liner in a debate, where he corrected David Gergan (moderator), that this senate seat was not Kennedy's seat, nor the Democrat's seat but rather the people's seat, won this election plain and simple. The people are fed up with being ignored.
A quick word to Scott Brown. Remember Scott this senate seat not only is not Ted Kennedy's, nor is it the Democrat's it is not the Republican's either !! It is the People's seat !!
I would also counsel you Scott that if you start drinking the Washington kool-aid of hubris and forget this fact then you will be out on his ass as quickly as the Democrat were before you. Now got to Washington and represent THE PEOPLE.
As a side note I happened to listen in to Warren Buffett interview with... surprise Becky Quick this morning on Bubblevision. If anyone was ever confused about tea bagging one could really see the personification of this phrase on display this morning. You would think Ben Bernanke and Jamie Dimon should be deified listening to this clown-in-chief, which quite frankly and yet sadly is exactly what Buffett has become. What a shame.
Would anyone else prefer to see a Buffett interview conducted by someone with just a little smidge of gravitas? I am sure e-Hollywood Becky is a wonderful gal as is her CNBC producer husband but I have had all I can handle of the Howard Marshall / Anna Nicole Smith routine.
Now before you burn me at the stake, this interviewer with gravitas most certainly doesn't have to be a man as there are plenty of eminently qualified female anchors out there like a Diana Olick, Mary Thompson or Sue Herrera for starters. Just my opinion.
Good speculating to you all and please remember to never forget that "an investor is a speculator who made a mistake and will not admit it".
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