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Breaking: Boehner Walks Away From White House Debt Limit Negotiations
A week after Barack Obama stormed away from Republican negotiations on the debt ceiling, it is now Boehner's turn. Per Obama's live speech which is currently ongoing, John Boehner has broken away discussions with the president. Obama's response is to demand a meeting with Bohner, Pelosi and McConnell at 11 am tomorrow to explain to the president how it is possible that America will be in non-selective default in as little as ten days: "I want them here tomorrow at 11am...we have run out of time." Readers can watch the live webcast here or below.
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EXCELLENT! Hold the line!
The taskmaster has called the students to detention tomorrow at 11. Fabulous.
I bet the White House will look like the Breakfast Club tomorrow. Bonehead will be climbing through ceilings. Pelosi will be doing her make up. Great stuff.
Kick out the jams, motherfuckers! Rama Lama Fa Fa Fa!! Lemme see a sea of hands out there . . .
MC5 +1
I told Boner that there was nothing to see there at the white house, and he should just walk on by.
Obama wants them there at 11a. He will be there at 11:35
That's racist.
why is asprin white?
you want it to work right?
Still all pre-scripted theatre if you ask me.
They sure try hard to make it look like a real "negotiation".
But in the end they'll just PRINT MORE TIME!
Now this is dealt with, print me a beer, I'm thirsty.
everything is.. you are in the matrix.. they even script the weather now...
this is bullish.../sarc
Its happy hour - he'll be back tomorrow
bullish for treasuries
LOL. Canter is short U.S. Markets on this bet.
I went short today and will double down after hours now. This is a Black Swan Market Crash Smash Party.
Short every sector except the Nasdaq. Especially the financials which are garbage anyway.
just put shorts back on this afternoon myself...next week should be fun
I put my entire account in copper shorts, what do u think?
i'd hate to cost you any money so please take my advice with a grain of salt...putting your entire account in anything is very risky...as for copper in particular, I just looked at the charts and you might make a little but there's other places I'd be if I were you...conservative = all cash, slightly less so, gold, silver, oil...hate to talk my book but I'm long silver, gold, oil, agriculture and short equities...hope that helps and good luck
I have my eye on Silver and Gold at the moment. I am considering a few other useful things as well... but first things first at this time... Good luck!
My money is long Boehner Bobblehead dolls
http://www.google.com/imgres?q=Boehner+bobble+head+dolls&hl=en&sa=X&tbm=isch&prmd=ivns&tbnid=HxIrG7cxPoi8sM:&imgrefurl=http://www.politicalwobbles.com/John-Boehner-Bobblehead_p_14.html&docid=Nb8NNEg_l97maM&w=112&h=300&ei=D_0pTuz5M9DAgQf5pJX2Cg&zoom=1&iact=hc&vpx=429&vpy=91&dur=4750&hovh=240&hovw=89&tx=96&ty=116&page=1&tbnh=179&tbnw=73&start=0&ndsp=36&ved=1t:429,r:1,s:0&biw=1600&bih=775
do they have a weeping version?
Well duh! It's way to frickin' hot to wear anything but shorts!
My Q is:
What is the Soros over/under number?
.
the clowns are going to up the debt ceiling then what? ..is it in 'The Plan' who's going to buy this $2 Trillion of debt? ...is it stated in 'The Plan' how the $2Trillion is going to be repaid??
...is it left to adhoc pure chance that Bernank is going to rush out of his office on his little legs screaming "I will, I'm stupid enough to, I will". Of course he's not, he can't be so blatant
Benny needs to justify his sorry soul with "stimulating the economy.. reducing unemployment.. controlling inflation/deflation" window dressing (ie. pure lies). The lies are patent when neither QE1, QE-Lite or QE2 did anything to stuimulate any of those figures on his first 3 attempts ...3 failures Benny, sure you won't strike-out with your 4th swinging in the wind attempt too????
Benny, crone in waiting, ready to do his bankrupt Masters bidding and wrap it in alturistic BS it's really for the 'health' of the economy ..he couldn't be further from the truth but then the Fed has never been near the truth since its cartel corruption and monopoly of money first began
So this is bearish for copper, right?
Obummer says the main goal now is extend the ceiling to get through the next election. Kick that can.
Agreed. Canned politics at it's best.
President spent 45 minutes brow beating GOP
Demands Bohner be at White House @ 11:00AM Sharp.
Didn't request or invite...........TOLD him to be there. !
Lets see if Obama has a new Bitch !
That's right, everybody ask pre-empted questions, you're only in this room because you agreed to the script.
There doesn't seem to be many 'journalists' there..
They headed home for the weekend. Imagine how they are going to feel when they learn about this.
Close them loopholes ie raise taxes.
Default bitchez!
+$65T
So wait... Don't we already have a progressive tax system so that the rich middle class pay their fair share?
Why are they trying to hit them coming and going now?
Obama is really amping up the childish rhetoric with no details to his plan in this press conference. Just like his 20 other free election ads press conferences.
Agree on the childish rhetoric. He says his $1 trillion plan is like Jesus, but that's $100 billion a year. He's threatening social security again. And it's all the Repubs fault. What a schmuck.
The parasite can't feed on itself. Therefore it's SS, medicare, medicade, and dollar.
Two words for those inside the beltway:
Grow up!
Sweet, Debt Ceiling WORKING AS INTENDED.
True. Except it's over $14,000,000,000,000.
... and they seem to be implying that it needs to go to $20,000,000,000,000 before it can ever go down again.
Do these people ever stop and listen to themselves? Or do they just say shit that never first passes through any higher cognitive centers before it connects with their mouths? What's the goddamned point of having all that grey matter if you just bypass it for anything important?
Yeah yeah I know, dumb question.
so damn many zeros.
Here is it converted closely (Zeros may be off because of eyes...)
100100011000010011100111001010100000000000000
I vote to keep open the metals market for the weekend. Anyone else?
What do you mean? I'm a newb, is this news bearish or bullish for base metals? i understand, its bullish for gold, bt what abt copper, zinc?
Just precious ones. The more the imbeciles reveal their incompetence the more nervous it makes people. Imagine a panic flight out of bonds into something more tangible.
thanks for the reply, appreciate it
It will start as a pool of water flowing along the lower deck and gently into the cabins around the beds as the people sleep in luxury....
Consider how people might do when they feel that everything on the Almighty paper dollar (Or electronic ones via debit cards issued by state or uncle sam... is under threat. It has been since the US was taken off the Gold Standard.
II visited ebay today to view the old Gold Standard bills with blue seals, yellow seals, silver certificates etc... those were the days.
Hahaha...Obama you're such a loser -- he drove by me in chicago in his motorcade...i flicked him off
Regean's Motor Cade made me change lanes to get out of way at the Legion Bridge once. That was before they banned 18 wheelers from the far left two lanes back then.
Peon! Don't you know you're supposed to make way for the king? Sheesh.
Default already! No "package" will ever be agree'd upon
Let's reach across the aisle and raise taxes on the middle class. What a tool.
Tell Obama to go screw a goat.
Uhmmm, he already does. Goat's name is Michelle
ouch!
So Obama's proposal was a whole $1.6T over ten years. Equal to a single year's deficit.
Glad I own gold. We're screwed.
You've got a few days to load up before Sunday evening.....
Wow! Where did all the press go? Do they not even bother to show up any longer at the Liar's press conferences?
To call the story in asap. They got it from ZH first.
Gonna need that 4G speed right about now. Which I think is a level above that of Ludicroius speed.
Spaceball One. They've gone to plaid!
70 million checks sent out each month
where's mine?
Just listening to the marxist coming out in him ...
sounds like o wants the "responsibility" to raise the debt ceiling...again this would be a dangerous ceding of congressional power to the executive branch...but what do i know
Also a violation of the constitution.
yup...unfortunately it hasn't stopped them before
Exactly, and it won't stop them this time. This whole show that they are putting on for the masses is really about centralization of power. Obama will use executive orders to raise the debt ceiling and the next time the debt ceiling issue comes up the Executive branch won't even bother to ask for congressional approval. Same thing happened with the War Powers Resolution.
Goodbye congress you've become irrelavant. Goodbye constitution.
there's a Constitution?
News to me too.
Yes indeed. And there's a movement afoot to legalize it.
Compromise? on his terms, not on the republicans side. Look...regardless if you are a democrat or republican (I am independent) the republicans won the house. They are in charge, not the democrats. I doubt the dems would have lost if it wasn't for Obamacare. No one to blame but themselves.
Oweblahma is finally scared. Fuck him.
So the King demands that his lieutenants approach and explain themselves-- where's the Royal Executioner?
+1
What a crock of schmidt......more scare tactics. Get him a bib...hate to mess that tie with all that spewing schmidt.
Man, Obama is looking old these days.
That's one perk of office that no President could ever avoid. No sarcasm: It's a really tough job, and he's just realizing it.
seriously.... if you look at some "before" and "after" photos of any of 'em.... I would want the fukin' job, I know that
White hairs fast in the Oval Office. He's about 50 I think, about time it turned white.
I've been grey for years. Esecially after our Chemo year.
He just drones on. Why can't he answer a question in 3-4 sentences.
I, me and My are Obama's favorite words.
No, no, no, "folks" and "green energy" are Obama's favorite words. He says them more than once in every speech he makes.
"let me be clear ... " *insert lie of choice here* ...
Obama Bin Lyin' doesn't have favorite words, he can't answer anything, he doesn't say anything... and most importantly... he makes no decisions...
He simply reads what Jamie & Lloyd have loaded into the teleprompter and does what he is told...
Like any useful idiot, political puppet that wants his pay out and his life at the end of his term...
Our wonderful corrupt, moronic US political class...
scare tactics.. straight bullshit
Well, about damn time. Boehnr did his best I am sure.
Harry Reid is the one I lay the Default at. Anyplan pending was better than no vote at all. Now that the Senate forced the plan to die for a few days off time Boehnr was forced to try and continue discussions.
I am for one glad he walked out. Good move.
Fuck you Obummer. The king has no clothes.
Where's your plan, you Squirrel dip?
$160 billion in cuts per year doesn't even register with the rating agencies. Unbelievable. What a loser.
!!!!!!!!!! LIAR !!!!!!!!!
Republicans should hold the line... and go to the medias and prove the Social security checks are gonna go out.... that's it's all fear mongering from Obama the SOB.
I can't believe what this guy is saying. Bascially admitted the whole economy would crumble if 70 million checks from the government don't go out. Unreal. The whole system is coming unglued....
Well yeah... that's what...50 billion a month...
Whatever they cut from the deficit, it will hurt the GDP... as GDP is...
GDP = private consumption + gross investment + government spending + (exports − imports)
Cut government spending and GDP goes down...
And Obama and is ``though compromises``... give me a break!
choices
artifically propping up the GDP with law of diminishing return printing that will crush the standard of living and ultimately destroy the country,
or letting it shake out to where it should be at self sustaining levels and letting everyone see which government services are truely important, and which are just useless eating, self perpetuating bureaucracies
now which one will self serving politico puppets and their bankster masters pick?
It would be interesting to know back in the day granny would wait in line for a few hours to cash the SS check on wedensday.
Now we live in a electronic world...
Suppose the checks did not go out. That will be a violation of law and make those reciepients net creditors that will need to be paid ahead of everything else the following month.
GDP vs inflation or other issues as a result will play hell with COLA. I wonder if it will be a 10% adjustment or a -10% clawback.
Irrelevant. There's enough otherwise-violent people who wouldn't care about the law at all at that point. They wouldn't last long enough to be net creditors or whatever...
Notice this is happening after the markets have closed 20 minutes ago?
Gold and Silver to go ballistic Sunday evening when the markets open.
Long time between now and then.
Uh I wouldn't count on that.
I would not count on that.
Opex is Tuesday on metals.
The paper confetti is gonna fly !
This thread needs a warning headline! I clicked on it and Obammma started babbling, I almost lost my lunch.
When was the Gong Show resurrected?
Winning the Future!
Obama said we need to make Investments. What was the stimulus package for?
Sure, sharp ideological line....hmmm, no more debt to saddle myself and my kids with as opposed to spending until we fall off a cliff.
Banker's house dog.
Time to eat your peas, bitchez.
Dems stepped up, err, no budget in 815 days?
Senate actually passed the VA budget which I think is one of the 12 required budgets each fiscal year.
If that is true, then it will keep the Military intact into Default.
"I raised spending by 40% in two years, now I am willing to compromise and cut back the increase to 18% more spending a year, but the Republicans won't say yes!!
2011 has made for some great entertainment. More please, keep it up!!!
We're slashing, but not in a "sharp" way. Kinder, gentler slashing.
Muppet slashing, for babies. Like that silly vampire Count on Sesame Street who never actually sucked all the blood out of anyone turning them into an undead ghoul.
The Count, censored:
http://www.youtube.com/watch?v=RQgB4424SIM
``We're willing to do the though cuts``... BULL FUCKING SHIT.
Boehner, stick to your word. Let's paint someone in a corner to draft the EO.
Did you guys catch that? Obama just subtley admitted that Ron Paul is influencing events. When asked by a reporter why the package Obama offered was even sweeter for the GOP than the Gang of Six plan, he responded that there was a faction in the House that wouldn't accept any debt ceiling increase and who viewed a default as preferable. That's Ron Paul's position, and apparently he's convinced others inside the House!
good catch
Paul punks Obama. That's great!
We're just lucky Ron Paul's got some balls.
And Paul's just openly called for immediate default.
Obama's a real victim...
The Great Windbag can preach longer than America can stay awake or solvent. Throwing live hand grenades at the enemy beats catchin em, but it only works for so long. Sooner or later he'll be surrounded.
This would not be a issue if Congress[s] and administration[s] didn't spend and promise the electorate into a 14 trillion dollar debt. All we have is a irresponsible government and politicians looking out for themselves and not for the country. Let the collapse begin.
God bless the educational system of the USA!
Our best and brightest on parade.....
The horrible thing is there is a Obama 2012 website advert to the right. Creepy.
LOL Obama is panicking on the Wall Street question... Monday bloodbath here we go.
Offer those dumb Libs $4 trillion in immediate cuts in exchange for a half tillion increase in the ceiling, Boner you humper!
Half a trillion? WIth all the money they've stolen from the pension funds they have to pay back, it'll last two months at most.
300 bil
owed to the pension funds...
Shit, the press room is half empty ...
Put Rubio in charge.
Christ on a pogo stick, I can't stand to listen to this lying sack of shit.
It's time to drink
ooo... maybe it's time I make a small move for sunday night Tokyo Open.
What a bunch of dupes you are. Boner's a schmuck, and so is his counterpart in this farcical pas de deux. Both parties, their leadership and rank and file a pox on the nation.
Well sure. But they're schmucks wielding economic weapons of mass destruction.
You gotta wonder how that happened.
He thinks they should renig on pledges they signed to not raise taxes. He thinks everyone is a liar and a thief without honor like him.
To not raise the debt ceiling would harm the prestige of America!??! The fucking prestige?? We're so totally fooked!
Got gold and silver?
.... no Obama, Americans are desperate to cut the spending....
Incoherent rambling, my God. And this guy is a scholar? A brain? An orrator?
I WANT MY COUNTRY BACK.
a PURPORTED scholar - a purported orator -- liberal PC america attributed those qualities to him because their were jizzing themselves over a minority candidate...
his transcripts and records were sealed because he was never actually there.
He has always been the black guy who made them feel better about things, to maintain the pretense.
But nobody remembers his being at any of these universities. Everything has been handed to him at all points; he's never had to work and he's made a career out of getting over
and, he's gone.
The democrats have this issue by the balls. Budgets are complicated and the people are stupid, it is too easy to demonize the rich and say that taxing is the easy solution, they have taken Orwellian speak to new heights, and they have the media in their pocket.
Is it that hard to get budgets to a deficit neutral place? Their spending really isn't that important.
frustrating times.
Really? You think wrestling is real?
"It's still real to me, dammit!"
http://youtu.be/BvTNyKIGXiI
Never saw that before. Priceless. Thanks.
Wow, he got off the podium right quick!
I thought the poor narcissist was going to throw a hissy fit.
He's a #uckin socialist and is acting like one...
+ a Trillion or two...
So he basically just called everyone who isn't an over-privileged kleptocrat a "working stiff." Fuck you too, Mr. President.
Why did they do this on Friday evening? Have to wait the entire weekend for the real fun!