Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (94424)	11/3/2010 2:00:40 PM
From: Carolyn	Read Replies (1) \| Respond to of 224759

I didn't. Because the state would tax even more after 2 years. First, they must rein in spending.

To: Kenneth E. Phillipps who wrote (94424)	11/3/2010 3:34:48 PM
From: Hope Praytochange	1 Recommendation Read Replies (1) \| Respond to of 224759

Subdued Odumbama says suffered a voter "shellacking" 11/03 03:23 PM * Obama says can't resolve every difference * Takes responsibility for losses By Matt Spetalnick and Steve Holland WASHINGTON, Nov 3 (Reuters) - A subdued U.S Barack Odumbama on Wednesday pledged to seek compromise with Republicans who won big in congressional elections and admitted he had lost touch with voters who delivered a "shellacking" to him and his Democrats. But on issue after issue, Odumbama gave little ground on his positions as the two sides prepare to enter negotiations over how to tackle the sour economy. At a White House news conference Odumbama confessed to having suffered a long night on Tuesday as Republicans romped to control of the U.S. House of Representatives and made gains in the Senate -- handing him the biggest political defeat of his career. While stressing his commitment to finding common ground with Republican opponents he has battled for two years, Odumbama made clear there were some lines he would not cross. "I'm not suggesting this will be easy," Obama said. "I won't pretend that we'll be able to bridge every difference or solve every disagreement." Gone was the campaign rhetoric in which Odumbama skewered Republicans for wanting to take the country back to economic policies he believes have been discredited. Looking tired, Obama spoke in a subdued monotone, with an occasional smile. Asked if he had fallen out of touch with Americans, Obama said that "in the rush of activity sometimes we lose track of the ways that we connected with folks that got us here in the first place." He said a readjustment in thinking in response to political setbacks is something every president has to experience. "Now I'm not recommending to every future president that they take a shellacking like I did last night," he said with a wry smile. "I'm sure there are easier ways to learn these lessons." Republicans picked up at least 60 House seats in the biggest shift in power since Democrats gained 75 House seats in 1948. UNDER PRESSURE The election outcome put pressure on Obama to make a mid-course correction in the direction of his administration as he seeks to reduce the 9.6 percent jobless rate and prepares to ask Americans for a new term in 2012. Obama largely stuck to positions that he held before the elections. He said it is a top priority for Congress to extend Bush-era tax cuts only for those making $250,000 or less. Republicans want the tax cuts extended for those making above that amount as well. Obama said he will sit down with Republican and Democratic congressional leaders within the next few weeks to see how to move forward on extending tax cuts. "How that negotiation works itself out I think it's too early to say. This is going to be one of my top priorities," Obama said. Obama said he did not believe the U.S. election result was a repudiation of his sweeping healthcare overhaul. But he signaled he was willing to work with Republicans on "tweaks." Republicans have vowed to repeal and replace the healthcare law. "If the Republicans have ideas for how to improve our healthcare system, if they want to suggest modifications that would deliver faster, more effective reform ... I am happy to consider some of those ideas," Obama said. Obama, whose former Illinois Senate seat went to a Republican, said he has made progress on improving the economy but believed "people are frustrated" by weak economic conditions. "Clearly too many Americans haven't felt that progress yet, and they told us that yesterday. And, as president, I take responsibility for that," he said. Obama said Americans are worried by spending and deficits, but the country should not cut funding for education or research while trying to bring the deficit down. "In these budget discussions, the key is to be able to distinguish between stuff that isn't adding to our growth, isn't an investment in our future, and those things that are absolutely necessary for us to be able to increase job growth in the future as well, he said. (Writing by Steve Holland; editing by Christopher Wilson and Jackie Frank)