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Breaking News
posted by cmn32480 on Wednesday November 09 2016, @12:10PM   Printer-friendly
from the not-the-people dept.

And the winner of the 2016 U.S. Presidential election, as reported by the major mainstream media outlets is Donald Trump. It has also been reported that Hillary Clinton called President-elect Donald Trump to concede.

Electoral vote count (so far): 279 for Donald Trump, 218 for Hillary Clinton. 270 electoral votes are needed to win.

Popular vote: 57,227,164 votes (48.0%) for Donald Trump, 56,279,305 votes (47.2%) for Hillary Clinton. Update: Now it is closer to 59,085,795 votes (47.5%) for Donald Trump and 59,236,903 votes (47.6%) for Hillary Clinton.

Yell, scream, gnash teeth... but please keep it civil.

Results at CNN, NYT, FiveThirtyEight, Wikipedia.

takyon: Republicans have retained control of the House and Senate.

Here's some market news:

Dow futures plunge nearly 750 points as investors warily eye electoral map
Asian markets plummet on likelihood of Trump victory
Bitcoin price soars as Trump pulls ahead
Opinion: How to profit from a Donald Trump victory

Ballot measure results will be covered in an upcoming story. Some initial results can be found at Ballotpedia and CNN.

[TMB Note: Stop breaking stuff, cmn32480]

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  • (Score: 2) by bzipitidoo on Wednesday November 09 2016, @03:22PM

    by bzipitidoo (4388) on Wednesday November 09 2016, @03:22PM (#424663) Journal

    > Who really, seriously, gives a damn about such things as gay marriage

    Yes, that's right.

    > our jobs and our wealth

    Yes, so true.

    > The "establishment" works daily to strip me of more wealth

    As you say, it is this more than any other issue. Establishment Republicans caused the Great Recession. Then Democrats didn't do near enough about the robbery and looting. Despite all their talk, they aren't standing with the people against this corrupt establishment, they are the establishment. One thing I very much dislike about talk of wealth redistribution is the implicit thought that the rich earned the money. Much of it they didn't, they stole it. They steal from us with legalized insider trading, golden parachutes, over the top pay, free police service paid for by the public, and favorable laws and tax deals. It's total bull that earned income is taxed at a higher rate than unearned, 25% vs 15%. That tax is not flat. Crap like Roth IRAs and 529 education funds help those who need it least. Allowing mortgage payments to be deducted is no help to renters. You have to have money to benefit from them. If you're unemployed, you just get screwed on the Roth, not allowed to contribute even if you have any savings and didn't need the money to pay the rent. Then there's the theft of our local tax dollars whenever Wall Street chisels a muni. And there's the outrageous tax dodging big corporations pull. Did Apple, currently the wealthiest company in the world, manage not to pay any tax at all? Stop this theft, and there will be no need of Robin Hood.

    If I wanted to vote to reform Wall Street, Hillary wasn't the one. I preferred Bernie. As for Trump, I fear America got conned.

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  • (Score: 0) by Anonymous Coward on Thursday November 10 2016, @09:17AM

    by Anonymous Coward on Thursday November 10 2016, @09:17AM (#425049)

    Establishment Republicans caused the Great Recession.

    The greatest lie sold to and bought buy the American people in my lifetime regards the events leading up to the Great Recession. Nobody even mentions the subprime mortgage crisis and the bursting of the housing bubble anymore. Instead, it's just the worst economic period since the Great Depression and of course caused by the evil Republicans and greedy banks (when were banks ever not greedy?). However, there was something called the Community Reinvestment Act of 1977 [] under Jimmy Carter's administration (D) that forced banks into approving loans they knew would be defaulted on. Thus, was the beginning of the housing bubble. Now why is this the greatest lie? This is the lie that produced Obama. The economy under his administration led to the weakest recovery since WWII []. The establishment Republicans still deserve their share of the blame, but for a different reason: not being able to explain this to the people.

    • (Score: 2) by bzipitidoo on Thursday November 10 2016, @03:01PM

      by bzipitidoo (4388) on Thursday November 10 2016, @03:01PM (#425141) Journal

      I've heard that one before. It's a huge contortion to blame the housing bubble of the 2000s on a late 1970s Carter era law. If it was such a terrible law, why didn't it cause problems right away instead of 30 years later? What about the repeal of Glass-Steagall in the late 1990s, why isn't that mentioned? Funny how one act from the 1970s gets singled out for the blame, while dozens of more recent changes are passed over.

      That 1970s legislation is the act that shut down redlining, the unfair practice of discriminating against poor and colored people with higher interest rates or just plain refusal of loans, despite the absence of sound reasons to conclude that they are higher risk. Many critics of that act are motivated by racism, not financial reform. That bit about forcing banks to make loans that will be defaulted on is a total lie. The act says very clearly that activity is to be undertaken in a safe and sound manner.