Thread: President Harris

Kamala Harris Concession Speech: ‘We Must Accept the Results’ of Election

Harris concedes, encouraging peaceful transfer of power

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Markets close at record highs as Trump is reelected

US stocks rocketed higher Wednesday following a decisive and consequential victory for former President Donald Trump in Tuesday’s US presidential election.

The massive rally kicked off in premarket trading and continued through the morning and afternoon trading sessions. The Dow soared by 1,507 points, or 3.57%, to close at a new record high. It’s the first time the blue-chip index has gained more than 1,000 points in a single day since November 2022.

The S&P 500 and Nasdaq also reached new highs, with the S&P surging by 2.5% and the tech-heavy index closing 2.95% higher. The US dollar had its best day in two years and Treasury yields also rose.

Markets were mostly juiced by the fact that the election was decided relatively quickly. The election — and the widely held belief that Trump and his allies could contest the result in courts — has served as a cloud over the US economy and stock market in recent months. Markets, in particular, crave certainty, and the clear path forward will allow companies to adjust their business and hiring plans.

“There’s clarity: We’re not going to see another January 6th event. The market is breathing a huge sigh of relief on that,” said Michael Block, chief operating officer at AgentSmyth. “The mainstream consensus was that we weren’t going to know. And we know.”

But stocks may also be reacting to Trump’s victory, in particular. Trump flipped several swing states from President Joe Biden’s 2020 victory, and Republicans also took control of the Senate. Several key House races remain undecided. A so-called red wave could usher in an era of deregulation and other pro-business laws and policies that investors believe could benefit the stock market.

“There is this huge perception of business friendly, tax-friendly regime coming into place, especially with them winning the Senate,” said Block.

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RFK Jr. Says Entire FDA Departments 'Have To Go'

Originally Posted by Shutree

Of course she is, all the other Democrat snouts in the trough will be diving for cover, whining "I told you so."

Reading the post-match pundits there were three or four consistent themes, not stuff that I was reading in the press recently, just basic reasons why the Dems were always going to lose. Seems obvious now:

Cost of living. People feel poorer now than they did under Trump. No point talking about abortion and the constitution to people whose top priority is to feed the family.
Immigration. Lots of demographics are worried about illegals and that includes Latinos and Hispanics who migrated legally. Kamala had that job and she had nothing to show for it.
Politicians. People are sick of them. Trump is not one.
War. I have Trump supporting friends who bang on about this. No wars on Trump's watch.

Not saying I agree. This is what voters are saying.

I think rightly or wrongly a large swathe of Democrat voters and independents blamed Biden for the poor economy, and she's just got that paint splashed all over her.

Pretty well all of what you said goes down to money:

They see money going to immigrants and ask "why not Americans"?

They see money going to Ukraine and ask "why not Americans"?

It was an easy message for the Republicans to exploit, and they did it wholeheartedly.

Watching US TV in the last few weeks, Republican ads have basically been ramming home that message that people would be worse off under Democratic rule.

Or as GWB once said, "It's the economy, stupid".

It's pointless saying the US economy recovered quicker than any from Covid, or that the markets are at record highs, because a minority are the ones that benefit from that.

However, none of those 15m Democrats that couldn't be arsed to vote have a right to moan about what happens for the next four years - they let it happen.

The economy and immigration won it for Trump.

Post Covid, the economy and inflation was not her remit and most of the recovery was down to how it was dealt with, on a global basis.

For immigration, Biden found it too difficult, so he gave it to Harris. Her solution was to try and reduce it at source, and she had sor success with it, but was bound by current regulations. I put that down as a score draw for her.

The rest is about Biden and she knew she was o dodgy ground, trying to choose a different way. Again a score draw, not undermining a highly respected sitting president (assuming the party would allow it) is a vry big ask.

In hindsight,itseasy to see that she lacked knowledge and experience in some ares, but sh didn’t get any help from Biden or the party.

For me,she was a danger of becoming a whining harpy over women’s rights. That’s down to her. She is right of course, but went too long and too deep on it. As a woman she felt strongly about it, and as a bloke, I found it annoying.

I truth, Biden and her party lost it for her. On a political level she might have won it. Against an authitarian liar sucking up to masculinity and felon qualms,Trumpwo it.

I put some of that down to ingrained differences between the USAand the UK.

It will be very interesting to see what Trump does now.

Originally Posted by Bonecollector

Willie Brown, a serial womanizer and corrupt but oh yeah, she went with him for his looks and charm.

Many of us enjoy Willy , wether as Dr King or Pool Boy , questioning Harris' historical choices seems misogynist , a guy who has many partners is seen as a player etc

None of which undoes teh Dems poor choices in not removing Biden 2 years ago choosing a centrist acceptable to the swing voters which need not be a white man as Obama proved, but PC black qnd Asian and female adn tarred with Biden legacy was obviously the wrong move.

Once the dust settles like UK they need to rethink the coalition place the identity stuff on the back boiler and unite around a strong leader to face Vance or similar in 2028, The GOP has found the clitoris of the rencks over immigration the Dems need to get the nutlock on the economy , tax the very top to raise minimum wage, offer free universal health care oh and better wait until elected better gun control.

However it's not my land and the American folks ahve made their bed it's going to be a rough night for thise in economy or on the streets.

I imagine Musk and the guys at Goldman and Morgan will sleep soundly on their Egyptian cotton sheets with only a nubile trophy to weigh them down.