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Obama Confirms Leadership Failure, Pulls Out Mother Of All Mutual Assured Nukes: "Raise Debt Ceiling Or Risk Global Recession"

Tyler Durden's picture


And people made fun of Hank Paulson for threatening with eternal damnation if congress didn't stamp his multi-trillion blank check to bail out his former co-workers from Goldman. In a step that makes the Kashkari-Paulson threat seem like amateur hour, the teleprompter just received its latest high frequency directive from the Wall Street superiors, promptly delivering the latest MAD message to what continues to be perceived as an idiot audience: "Failure by Congress to raise the U.S. debt limit "could plunge the world economy back into recession," President Barack Obama declared Friday, and he acknowledged that he must compromise on spending with Republicans who control the House to avoid such a crisis. Obama urged swift action, saying he doesn't want the United States to get close to a deadline that would destabilize financial markets. He said he was confident Congress ultimately would raise the limit. "We always have. We will do it again," said Obama, who voted against raising the debt limit as a freshman senator from Illinois."

For those keeping score of the President's numerous accolades, this merely underscores that the president is now in contention for the Nobel Prize in hypocrisy: after all compare this statement to Obama's now supremely ironic remark from March 20, 2006: "The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better." They sure do. And in order to replace the current failed leadership, they will gladly start with a new president.

From AP:

"I'm the person who is best prepared for us to finish the job so that we're on track to succeed in the 21st century," Obama said. That's the heart of his argument for voters to give him a second term over more than a half dozen Republicans seeking the White House.

As the 2012 campaign gets under way, it's being shaped by a deep disagreement over federal spending in Washington between Republicans who control the House and Democrats in power in the Senate and White House. Obama and Republicans compromised a week ago on a spending bill to avert a government shutdown, a preview of the debate that's certain to dominate the coming months on deficits and the ceiling on money the nation can borrow.

The president said that he doesn't expect either side to get everything it wants in negotiations and that he's pushing for "a smart compromise that's serious."

He warned of dire consequences if the debt ceiling is not raised before it hits its limit of $14.3 trillion; the administration says the latest Congress could possibly act is by early July. But Obama said some longer-term questions about where the government trims its operations will have to be left until after the 2012 presidential election.

"I'm confident that the withdrawal will be significant," he said. "People will say this is a real process of transition, this is not just a token gesture."


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Fri, 04/15/2011 - 15:37 | 1173680 NOTW777
NOTW777's picture

cant we stay in this blissful current slave state

"back???" into recession?

Fri, 04/15/2011 - 15:41 | 1173701 oh_bama
oh_bama's picture

Obama is right!!

  • RAiSE it TO 1 QUADRILLION dollars so we don't have to worry about it for a while!!
  • Be patriotic and RAISE THE DEBT you CLOWNS!
  • IF YOU DON'T RAISE IT CHAIRMAN BEN's efforts would be WASTED!!
  • JUST DO IT!!
Fri, 04/15/2011 - 16:12 | 1173881 Paul Bogdanich
Paul Bogdanich's picture

And why do we care what the bank shill in chief has to say?  Nothing is possible so long as he holds office and the banksters will get him his billion to make it another 4.

Fri, 04/15/2011 - 16:50 | 1174042 Obummer
Obummer's picture

Ladies and gentlemen, fellow Americans, good people of the world. I bring to you today an important message, a message vital to the security and safety of our great nation. For even as I speak there are forces gathering around us. These forces gather like storm clouds on the horizon, ready to strike into the heart of our civilization. These forces seek to undermine our government. They seek to destroy our way of life. They seek to compromise our interests overseas. They seek to crash our economy. These forces do not want us to win the future.

The forces of which I speak know no master. They know no borders. They do not obey our rules. Yet they are here in our midst, lurking beneath the surface of society, waiting for the right moment to erupt from their lairs and wreak their horrible havoc. Their time is close. We must be ready.

Folks, let me be clear, this will not happen as long as I am President. I promise you that.

There are those who say that these forces do not present a danger to us, to our freedoms. But we have seen the damage for ourselves. Good Americans have already fallen prey to their manipulations. Those who downplay this danger are in fact complicit to it. This is not right.  This is not the America I love. Rest assured that over the next several weeks my administration will put forward a twenty-two step plan to fight this new threat.  We will be successful in this fight. We will win the future.

Thank you, good night, and God bless America.

Fri, 04/15/2011 - 16:57 | 1174089 Spastica Rex
Spastica Rex's picture

O.K., it was funny the first five times.

Fri, 04/15/2011 - 17:29 | 1174252 That Peak Oil Guy
That Peak Oil Guy's picture

He's as relentless at the teleprompter as the real one.


Sat, 04/16/2011 - 04:00 | 1175462 Michael
Michael's picture

Federal budget cuts = laid off government employees and ancillary jobs = lost Democrat votes in the next election. Get it strait you morons. 

Sat, 04/16/2011 - 10:40 | 1175713 Harlequin001
Harlequin001's picture

'He said he was confident Congress ultimately would raise the limit. "We always have. We will do it again," said Obama,'

Does this need any further comment?

Sat, 04/16/2011 - 17:53 | 1176554 Ahmeexnal
Ahmeexnal's picture

Directive 10-289.

Sat, 04/16/2011 - 05:27 | 1175463 Michael
Michael's picture

Barack H. Obama is like a cancer in our country, Dr. Ron Paul is like a cure for that cancer. Be on the lookout for MSM reporters, who are virtually all card carrying members of the Council on Foreign Relations, who will try to disparage Ron Paul for the globalist agenda now that Ron Paul has filed his paperwork for his Presidential exploratory prospects. We have seen their play book before. Now go get them.

Sat, 04/16/2011 - 11:08 | 1175758 Harlequin001
Harlequin001's picture

if all you do is raise it each time you reach it, what's the point in having it?

Why not just ban the debt ceiling?

Sat, 04/16/2011 - 12:12 | 1175893 takinthehighway
takinthehighway's picture

When it's not your money, it's not a limit, but a target...

Sat, 04/16/2011 - 13:28 | 1176046 Harlequin001
Harlequin001's picture

a point you have to pass, to get to bigger things...

Fri, 04/15/2011 - 21:23 | 1174936 Yen Cross
Yen Cross's picture

That was/is/will-be/ funny for ever. GOOD Work SARC?OFFF

Sat, 04/16/2011 - 01:14 | 1175387 Bananamerican
Bananamerican's picture

aw, let the man post his funny...

1st time i've seen it, heh

Fri, 04/15/2011 - 17:49 | 1174350 The Profit Prophet
The Profit Prophet's picture

Nice incorporation of the "let me be clear" feedback from an earlier puts the icing on the cake.

T.E.I.N. everyone!

Fri, 04/15/2011 - 19:42 | 1174715 Al Gorerhythm
Al Gorerhythm's picture

Amazing! You have an identical twin brother who posted just above you! Interchangeable avatars! In a "Line-up", I'd be hard pressed to differentiate between one dopey looking fucker and the other.

Fri, 04/15/2011 - 22:50 | 1175178 Cindy_Dies_In_T...
Cindy_Dies_In_The_End's picture

Obummer, I love you. LOL Keep up the awesome speeches. Hilarious!

Sat, 04/16/2011 - 02:11 | 1175415 Problem Is
Problem Is's picture

2012 Presidential Ballot

[  ]  Barry Obummer

[X] Other

Sat, 04/16/2011 - 03:04 | 1175435 carbonmutant
carbonmutant's picture

[x] None of the Above

Sat, 04/16/2011 - 10:20 | 1175689 geotrader
geotrader's picture

[x] Tyler Durden

Sat, 04/16/2011 - 10:43 | 1175726 Tater Salad
Tater Salad's picture

[X] Paul Ryan

Sat, 04/16/2011 - 10:57 | 1175745 Zardinuk
Zardinuk's picture

[X] Willie Nelson

Sat, 04/16/2011 - 11:05 | 1175757 Rodent Freikorps
Rodent Freikorps's picture

[X] Zombie Teddy Roosevelt

Sat, 04/16/2011 - 11:17 | 1175780 slewie the pi-rat
slewie the pi-rat's picture



XXX blythe!

Sat, 04/16/2011 - 13:00 | 1175987 Hulk
Hulk's picture

[x] Stu Redman

Sat, 04/16/2011 - 13:11 | 1176007 Urban Roman
Urban Roman's picture

[X] Hugh Romney

Fri, 04/15/2011 - 18:22 | 1174489 r101958
r101958's picture

But then we would be back debating the debt ceiling again in 2015.

Fri, 04/15/2011 - 19:50 | 1174731 rocker
rocker's picture

How Much did the Kashkari/Paulson bailout raise the debt ceiling. Oh, I forgot, like the war, it was off the books.


Thank You ZH or being one of the very rare sites to know that Neel Kashkari was also one of the engineers.

Fri, 04/15/2011 - 22:38 | 1175150 Dr. Porkchop
Dr. Porkchop's picture

Raise the ceiling or I'll raze the roof!

Raise the ceiling or I'll shoot a kitten every hour of every day!

Fri, 04/15/2011 - 22:52 | 1175181 Cindy_Dies_In_T...
Cindy_Dies_In_The_End's picture

okay, raise it to the sky. No shooting kittens, please.

Sat, 04/16/2011 - 00:26 | 1174007 Xibalba
Xibalba's picture

Obamanos!  I'm leavin for Canada!

Sat, 04/16/2011 - 01:12 | 1175383 TruthInSunshine
TruthInSunshine's picture

Republicraps or Demublicans...

...False left-right paradaigm....

...Kabuki Theater and 3 Shell/Thimblerig.


All designed to give Americans the impression they have a choice.

They don't.

Deep Capture of your alleged elected representatives has been accomplished by soul-less corporate interests, where every human on the planet is a mark, and none have inherent or inalienable rights from God. We are just tissue and DNA to them, and there for experimentation of economic, social, political and psychological means.

And we are tools and instruments to further deepen the trench between the haves and have nots, to be used and discarded.

This is what civilization looks like when power in all its forms takes over and wealth is the new god and control is the new religion.

Sat, 04/16/2011 - 01:45 | 1175402 ebworthen
ebworthen's picture


Dear Friend, do you not understand the magnificancne that is the U.S.A.?

Give up all your positions to the FED and the Dimons and Blankfeins and Holy Bansksters and their Legislative Accolytes; it is the only way for you to truly be free.

When you know the love of the Tnemnrevog; you may spread it with us in the airports and the shopping malls, and with your family and friends.

War is peace, servitude is wealth, toil is liberty, obedience is freedom.


Sat, 04/16/2011 - 10:43 | 1175724 Blankman
Blankman's picture

Tnemnrevog - you got me on that one.  I googled it looked at it, then my dyslexia kicked in and all became clear :)

Sat, 04/16/2011 - 14:16 | 1176165 glenlloyd
glenlloyd's picture


Fri, 04/15/2011 - 16:48 | 1174048 BrobamaReds
BrobamaReds's picture

what an Obamination!

Fri, 04/15/2011 - 22:09 | 1175059 Zero Govt
Zero Govt's picture

is Obumma past his 'honeymoon period' yet so that i can call him a lying fuking scumbag like every other politician in human history?!!!

TD it's no good going through everything Obumma once stood for, including all his campaign promises now lying broken on the floor. This snake bankster puppet has and will shed every skin that means anything and undermine every word in the English language before he's through. Snake oil's not only Obummas game, it's been played as a religion b everyone in DC for 200 bloody years.

Where's the surprise in this? Were we born yesterday that we forget we've been lied to by every politician and every Govt in our lives. That we've always given some new fresh faced 'Great White Hope' a chance and always been pissed on without fail. 

We thought Bush was shit (he was). We thought nobody could be worse but Obumma has taken shit to a whole new level. What does it take to wake up around here the Govt system is broke and rotten at the core???

Govt is the toilet of society and politicians are its turds. Flush Govt and the crap down the drain once and for all, where it came from and where it belongs. I for one have had enough of this stinking system in my lifetime already

Fri, 04/15/2011 - 23:17 | 1175219 buzzard
buzzard's picture

I keep foolishly wondering how long it will be before those so focused on smaller government begin to realize that any government is too large. I know, I should just stop worrying and love the bomb... I mean vote the bums out... er form a third party... Nahh, I just can't do it.

Fri, 04/15/2011 - 23:31 | 1175243 acrabbe
acrabbe's picture


Sat, 04/16/2011 - 00:07 | 1175304 FreedomGuy
FreedomGuy's picture

Never give stupid people power over yourself.

Sat, 04/16/2011 - 00:58 | 1175371 Hephasteus
Hephasteus's picture

My spirit guides want me to flag this as junk. But they are fucking stupid and what do they know. LOL

Sat, 04/16/2011 - 20:02 | 1176736 Husk-Erzulie
Sat, 04/16/2011 - 01:26 | 1175392 Freddie
Freddie's picture

The Bush years were heaven compared to this shit.  Even idiot McCain would have been nirvana.

Sat, 04/16/2011 - 05:09 | 1175484 Antarctico
Antarctico's picture

Even idiot McCain would have been nirvana.

I don't think so. Outside of swapping left wedge issues for right wedge issues, the end results would be the same: continuation of W's neo-con foreign policy, contiuation of W's internal police state expansion, continued regulatory capture by the banking criminal class. The substantive difference of electing Obama over McCain was putting our first black president in office. This one thing by itself is a big deal in helping to pull the race monkey off our collective American backs.  If nothing else, every black parent can now tell their son or daughter that they can one day grow up to be president, meaning they can rise to the highest heights of our society, and not have it be some sick, cosmic joke.

Sat, 04/16/2011 - 11:11 | 1175764 Zardinuk
Zardinuk's picture

Yay! What a pile of horse shit. Remember that talk about hatchets and scalpels? I was hoping someone would have brought out the battle axe but would have settled for hatchets, it eems Obama is using the scalpel for other purposes closer to breast and butt implants.

Sat, 04/16/2011 - 16:06 | 1176369 IMA5U
IMA5U's picture

too bad what the first black president is really good at is...



Fri, 04/15/2011 - 16:46 | 1174051 BrobamaReds
BrobamaReds's picture

what an Obamination!

Fri, 04/15/2011 - 19:47 | 1174724 Al Gorerhythm
Al Gorerhythm's picture

The Obamanable snow job.

Fri, 04/15/2011 - 17:50 | 1174346 I am Jobe
I am Jobe's picture

Obama Administration Unveils Internet ID Plan

Fri, 04/15/2011 - 19:50 | 1174737 rocker
rocker's picture

Somebody watches Fox news.  Now that's a hoot.    That makes you a Hooter.

Sat, 04/16/2011 - 07:10 | 1175532 I am Jobe
I am Jobe's picture

i could not find any other channel that was Obama clear. Go figure. Soon we will have 24/7 Obama Shows, with the greatest speeches. I am investing in Teleprompters.

Sat, 04/16/2011 - 11:18 | 1175781 Zardinuk
Zardinuk's picture

somebody is a progressive neophyte, that makes you obnoxious.

Fri, 04/15/2011 - 15:35 | 1173681 redpill
redpill's picture

Failure of leadership doesn't even begin to describe this absurd charade.

Fri, 04/15/2011 - 17:22 | 1174195 macholatte
macholatte's picture

I wish it was an absurd charade......... it's a nightmare. A Communist Muslim without even a green card has taken the Executive Branch and a Jew turned Nazi controls him and the MSM. Not a charade a all.  Sad. Very sad.


“There are those who believe something, and therefore will tolerate nothing; and on the other hand, those who tolerate everything, because they believe nothing”

--Robert Browning



Fri, 04/15/2011 - 17:35 | 1174269 Oracle of Kypseli
Oracle of Kypseli's picture

What does that say about Americans? How many times can one sell the Brooklyn bridge?

Fri, 04/15/2011 - 17:55 | 1174384 GubbermintWorker
GubbermintWorker's picture

For as long as there are buyers?

Sat, 04/16/2011 - 11:32 | 1175809 slewie the pi-rat
slewie the pi-rat's picture


damned straight!  fraud is fraud and fraudsRus, US!  the Oracle is wonderful, as usual, but is too (innocent?) (polite?) (smart?) to understand tranches.  or, unlike slewie, too honest to pretend she does...

how'z my fraud, here?  lol!

Fri, 04/15/2011 - 17:58 | 1174408 velobabe
velobabe's picture

i am, we all, are accessories to this current events of horrors, against the people of this world and earth, which has been under written by our (wish i could say not mine) corporations and government. we are accessories to all of this, by being a us american citizen.

Sat, 04/16/2011 - 03:44 | 1175458 fxrxexexdxoxmx
fxrxexexdxoxmx's picture

I am responsible for myself and my actions.

I have no guilt for actions done in my country's name without my consent.

I also have the right as a citizen of the USA to throw the mf''s out by force should it come to that.


Sat, 04/16/2011 - 01:30 | 1175394 Freddie
Freddie's picture


It is evil. The real thing.  

Fri, 04/15/2011 - 15:36 | 1173682 Aknownymouse
Aknownymouse's picture

This is an Obama failure.

Fri, 04/15/2011 - 15:55 | 1173786 falak pema
falak pema's picture

this is a congress+administration+WS capital market failure. i.e : its fail USA!

Fri, 04/15/2011 - 17:47 | 1174341 traderjoe
traderjoe's picture

They are not failing. They are winning. They are executing their plan masterfully. The Fed was created to benefit politicians and bankers from the inflation that would ensue. Fractional reserve banking and national debt/bonds are a masterful transfer of wealth.

Fri, 04/15/2011 - 21:26 | 1174949 macholatte
macholatte's picture

They are not failing. They are winning. They are executing their plan masterfully.



Somebody give that man a cigar!

Fri, 04/15/2011 - 15:38 | 1173686 blunderdog
blunderdog's picture

There's a risk of global recession?  OH NOEZ!!!

Fri, 04/15/2011 - 15:49 | 1173747 Long-John-Silver
Long-John-Silver's picture

How can the world be at risk of a global recession when it is still IN a global recession?

Fri, 04/15/2011 - 15:51 | 1173768 dick cheneys ghost
dick cheneys ghost's picture

you mean Depression, right?

Fri, 04/15/2011 - 16:29 | 1173972 waylon153
waylon153's picture

Shhh, don't say that word - people might start to worry.  A recession is when other people lose their job, a depression is when you lose your job.

Fri, 04/15/2011 - 16:33 | 1173978 Weaseldog
Weaseldog's picture


Fri, 04/15/2011 - 19:12 | 1174649 Sabibaby
Sabibaby's picture

What happens if you don't know if you're a rebel or an insurgent?

Fri, 04/15/2011 - 20:48 | 1174856 Mentaliusanything
Mentaliusanything's picture

Thats easy - Vote for an Independent !!

(its a test for IQ no)

Fri, 04/15/2011 - 22:56 | 1175184 Cindy_Dies_In_T...
Cindy_Dies_In_The_End's picture

The TSA will inform you of that as they anally rape you.

Fri, 04/15/2011 - 15:57 | 1173690 TruthInSunshine
TruthInSunshine's picture

Obama says:

"Think of it like a credit card. Now, you all buy shit on credit cards you can't afford, right? And what's the worst thing that's ever happened to you because of it? Except our credit card is given to us by a shadowy, criminally motivated, power hungry, lacking-all-morals-and-scruples cabal of people who literally wouldn't think twice about starting wars that would kill millions of innocent people so long as the ends serve their purposes. So, it's all good.


So, let's just do the easy thing, raise the debt ceiling, again, spend more money that we don't have in even far more inefficient ways than even I can think possible, and live for today.


A SNAP Card in every wallet and purse; a Tomahawk or JDAM for every square meter of MENA; an iPad2 in every hand; Free Cialis for seniors; 401(k) plans (what remains of them) to be administered by Goldman Sachs.


It is darkest before dawn, sunabitchez.


Thank you, and may God bless Amerika."

Fri, 04/15/2011 - 23:09 | 1175210 Oh regional Indian
Oh regional Indian's picture

Now that is brilliant Truth. Brilliant.


Sat, 04/16/2011 - 00:44 | 1175356 palmereldritch
palmereldritch's picture

Except our credit card is given to us by a shadowy, criminally motivated, power hungry, lacking-all-morals-and-scruples cabal of people who literally wouldn't think twice about starting wars that would kill millions of innocent people so long as the ends serve their purposes.

Those people are the private central bankers: the eugenicists of finance.

Sat, 04/16/2011 - 10:42 | 1175712 Diogenes
Diogenes's picture

Not so much a credit card, as borrowing more money than you can ever pay back from a Mafia loan shark.

Just keep borrowing more money to pay the vig and it's all good. What could go wrong?

Fri, 04/15/2011 - 15:40 | 1173694 red_pill_rash
red_pill_rash's picture


"the use of violence and threats to intimidate or coerce, especially for political purposes"

Fri, 04/15/2011 - 16:34 | 1173981 DaveyJones
DaveyJones's picture

comment of the week award


Fri, 04/15/2011 - 16:44 | 1174029 sdmjake
sdmjake's picture


Fri, 04/15/2011 - 17:35 | 1174263 ArgentDawn
ArgentDawn's picture

+April 19th

Fri, 04/15/2011 - 16:46 | 1174037 bothsidesnow
bothsidesnow's picture

+ 1 quadrillion the new debt ceiling

Fri, 04/15/2011 - 17:19 | 1174197 Rainman
Rainman's picture

QE's goin' on to  infinity anyway.....ain't like nobody intends to pay it all off !

Fri, 04/15/2011 - 19:57 | 1174757 rocker
rocker's picture

What level are we at now?  Red or Orange or Yellow.  

Fri, 04/15/2011 - 15:41 | 1173696 RobotTrader
RobotTrader's picture

More unintended consequences of runaway Fed monetization and out of control deficit spending.

Acute shortages of UGG boots.

Fri, 04/15/2011 - 15:39 | 1173699 Internet Tough Guy
Internet Tough Guy's picture

Futures are skying! Sell gold, buy bank stocks!
RobotTrader - Fri, Apr 15, 2011 - 08:38 AM

LOL, I told all the anarchists at ZH last night, warning them of a rotation out of GLD and SLV into XLF......

Fri, 04/15/2011 - 15:49 | 1173751 Spalding_Smailes
Spalding_Smailes's picture

Or the big spenders in Macau China ....


Got MPEL .... ????  Lol'........ Told ya'


...... " Casino revenue in Macau, the world’s largest casino hub, rose 48 percent in March as gamblers from mainland China placed more bets on baccarat and other card games.

Macau, the only place in China where casinos are legal, boosted gambling revenue 58 percent last year to 188.3 billion patacas, about four times more than Las Vegas Strip’s $5.62 billion." ..................


Fri, 04/15/2011 - 16:03 | 1173849 ml8ml8
ml8ml8's picture

Rising wedgie. Technically looks uggly.

Fri, 04/15/2011 - 20:06 | 1174776 rocker
rocker's picture

We need the original jugs or we assume your a impostor.

Fri, 04/15/2011 - 15:41 | 1173697 Seasmoke
Seasmoke's picture

wow ! didnt think even he would go there ......this crack addict voted against the debt limit when he was a senator.....the transformation is now complete !!

Fri, 04/15/2011 - 15:49 | 1173756 redpill
redpill's picture

That was before the brain "surgery"

Fri, 04/15/2011 - 16:35 | 1173985 Weaseldog
Weaseldog's picture

He was campaigning when he voted against it. Now he's elected.

Fri, 04/15/2011 - 16:51 | 1174068 3.7.77
3.7.77's picture

Don't they all.

Fri, 04/15/2011 - 16:57 | 1174090 rufusbird
rufusbird's picture

elected or selected?

Sat, 04/16/2011 - 11:35 | 1175820 slewie the pi-rat
slewie the pi-rat's picture


hey!  he was against it before he was for it, ok? 

shut tf up and salute the flag, dammit!

Fri, 04/15/2011 - 17:07 | 1174143 NotApplicable
NotApplicable's picture

Wouldn't go there?

It's not like he has a choice, you know.

As for his transformation, you're making the mistake of assuming he has a solid form. Any politico that can achieve the position of TOTUS, can easily assume any side of any issue as it benefits TPTB.

Fri, 04/15/2011 - 18:41 | 1174556 serotonindumptruck
serotonindumptruck's picture

TOTUS = Totalitarian of the United States

Sat, 04/16/2011 - 03:53 | 1175460 fxrxexexdxoxmx
fxrxexexdxoxmx's picture

TOTUS= teleprompter of the the United States

Fri, 04/15/2011 - 15:39 | 1173698 Pants McPants
Pants McPants's picture

I don't see how Obama will not win a second term.  Who will replace him?

Besides, current regime has managed to blame Bush for almost every folly.  The die hards might be starting to look around...but not nearly in the scale required to effect major change.

That said, I'd love to see an unscripted, non-teleprompter, non-read ahead debate between Obama and Ron Paul.  (disclosure: I'd also like Scrooge McDuck's money bin).

Fri, 04/15/2011 - 15:46 | 1173738 SheepDog-One
SheepDog-One's picture

2nd term? By mid summer we'll all probably be seeing riots all across the US, who gives a crap who the presidential puppet happens to be?

Fri, 04/15/2011 - 15:52 | 1173761 Pants McPants
Pants McPants's picture

Summer is too early for widespread riots in the US, IMO.

But agree re: immateriality of puppet master.  If I had my druthers I'd rather have Minka Kelly.

Fri, 04/15/2011 - 15:58 | 1173819 SheepDog-One
SheepDog-One's picture

Could happen any day far as Im concerned. 

Fri, 04/15/2011 - 16:52 | 1174070 Calmyourself
Calmyourself's picture

Some may wish it too, it will not for years, too much soma.

Fri, 04/15/2011 - 16:59 | 1174095 Spastica Rex
Spastica Rex's picture

If it gets real hot this summer and no HVAC... maybe.

Fri, 04/15/2011 - 16:53 | 1174084 chunkylover42
chunkylover42's picture

totally agree with having Minka Kelly.  Oh, you mean as president?  Yeah, I guess that's fine too, whatever.

Fri, 04/15/2011 - 17:59 | 1174402 Ident 7777 economy
Ident 7777 economy's picture

Summer is too early for widespread riots in the US, IMO.

- - - - - - - - - - - - - - - - - - - - - - - - - - - -

Pestilence and disease of biblical proportions; crop failures ... we're working on all that right now with some nice drought conditions down in Texas - look at the fires they've got!

Should crops fail for any reason: planting, growing or something prior to harvest - who we gonna call?


Fri, 04/15/2011 - 18:17 | 1174468 cossack55
cossack55's picture

You forgot the liberal dusting of the plants you do get in with a lovely mixture of cesium, strontium and plutonium.

Fri, 04/15/2011 - 18:47 | 1174579 serotonindumptruck
serotonindumptruck's picture

Michael Ruppert gives us until July, perhaps sooner.

OTOH, Ron Paul predicted a USD collapse by April of 2010, when he was interviewed by Glenn Beck in the Fall of '09.

Fri, 04/15/2011 - 16:41 | 1174027 WonderDawg
WonderDawg's picture

There's still a year and a half before the election, anything can happen. In early 2007, Hopey the Clown was barely on the radar, everyone in the world thought it would be Hillary. We've a long way to go, and many crisis to get there.

Fri, 04/15/2011 - 15:49 | 1173741 drink or die
drink or die's picture

Does it matter who replaces him?


Hint:  Ron Paul sure as hell won't win  (unfortunately, I might add).

Fri, 04/15/2011 - 15:52 | 1173766 redpill
redpill's picture

You're right, he won't.  Still I can't help but fantasize that he has some chance if shit gets crazy enough that people start actually listening to him.

Fri, 04/15/2011 - 15:57 | 1173795 drink or die
drink or die's picture

The people can't listen to him if he isn't put on TV.  Networks won't put him on for more than a sound bite.

Fri, 04/15/2011 - 16:07 | 1173869 Raynja
Raynja's picture

Wsj hasn't mentioned his name in months

Fri, 04/15/2011 - 18:55 | 1174597 serotonindumptruck
serotonindumptruck's picture

That's because he became irrelevant about 18 months ago.

Fri, 04/15/2011 - 23:22 | 1175224 Oh regional Indian
Oh regional Indian's picture

Actually he was irrelevant long before that. But he was given the Anti-fed strawman role and somehow the free market capitalists had their go to professor, who spoke their language. Of course, all he ever did was speak their language, but in these times, somehow that was enough for many. If he wanted to educate, I can think of far more effective ways to have done so.

What I fail to understand is that in a supposed free country, a sitting congressman (10 terms, more???) cannot outright demand and GET either a Fed cudit or a Knox audit? Whut? Why? Why is that not his single, daily demand? In the convoluted politics of the US though, anything is possible, or so I've come to learn.

Then, Paul-Son gets to be Tea Party Head man.... change this change that crap. Votes for Homeland Security extension... not a whimper from supposed libertarians who put him in office?

Please, America is such a huge lie and th epeople so blinded it is beyond funny.

Of course it is the same here in India, in Oz, in Thailand, in japan... everywhere.

Mouth to the system's teat makes fro weak or garbled protestations at best. Even then, the system can look down at you and say, thou dost protest too much.


Sat, 04/16/2011 - 01:36 | 1175377 palmereldritch
palmereldritch's picture

Then, Paul-Son gets to be Tea Party Head man.... change this change that crap. Votes for Homeland Security extension... not a whimper from supposed libertarians who put him in office?


I'm not clear ORI,  Is there a distinction that you are making between another DHS vote and the Patriot Act vote by Rand Paul (documented below) that you are inferring? Please clarify.

Senate extends the Patriot Act for three months in 86-12 vote By Josiah Ryan - 02/15/11 06:42 PM ET
The bill is H.R. 514, which would let the government access business records, conduct roving wiretaps, and monitor individual terrorists until Dec. 8 of this year.

But Sen. Rand Paul (R-Ky.) argued that the bill could represent a violation of Americans' constitutional rights.

Senate Vote On Passage: H.R. 514: FISA Sunsets Extension Act of 2011 Number: Senate Vote #19 in 2011 [primary source:] Date: Feb 15, 2011 6:08PM Result: Bill Passed Bill: H.R. 514: FISA Sunsets Extension Act of 2011 Kentucky



KY McConnell, Mitch [R]




Paul, Rand [R]


Sat, 04/16/2011 - 04:25 | 1175476 faustian bargain
faustian bargain's picture

ouch. sounds like ORI's got some kind of axe to grind, damn the facts.

Sat, 04/16/2011 - 11:09 | 1175760 Oh regional Indian
Oh regional Indian's picture

Whoops. I'll take that back then. Was sure I had read that he voted for.

In fact, he spoke quite vehemently against it, apparently.

Thanks for that palmer.


Fri, 04/15/2011 - 16:46 | 1174034 Lets_Eat_Ben
Lets_Eat_Ben's picture

I can't say if Ron Paul will be elected, but I can say he has a better chance now than ever before. I can also say that you fucking nay-sayers make me tired. And I can finally say that if Donald gets elected im moving out!

Fri, 04/15/2011 - 15:54 | 1173792 Northeaster
Northeaster's picture

He's up in my neck of the woods tonight at St. Anslem speaking, thought about going, but the people that need to be there won't be.

Fri, 04/15/2011 - 16:41 | 1174017 AchtungAffen
AchtungAffen's picture

While Ron Paul is probably the best of the lot, I wouldn't count too much on him. Not because he probably won't get elected. But because if he does, it'll be hell. With him too. Don't forget RP is an ideologue. Most of the things I heard him say were very much through the lens of a die hard ideologue. The answer to most problems according to him is "less government". And while that might work in some cases, it won't work in all cases. And I bet those cases where it wouldn't work are those RP talks about.

Fri, 04/15/2011 - 16:48 | 1174050 Lets_Eat_Ben
Lets_Eat_Ben's picture

"The answer to most problems according to him is "less government"."

I'd say his most prevalent solution is follow the constitution, you know that thing that Bushy says is, "Just a goddamn piece of paper".

Sat, 04/16/2011 - 09:58 | 1175670 Max Cynical
Max Cynical's picture

"The report that Bush "screamed" those words at Republican congressional leaders in November 2005 is unsubstantiated, to put it charitably.

We judge that the odds that the report is accurate hover near zero. It comes from Capitol Hill Blue, a Web site that has a history of relying on phony sources, retracting stories and apologizing to its readers."

Fri, 04/15/2011 - 17:03 | 1174119 redpill
redpill's picture

I'm struggling to think of an instance where less government wouldn't help.  Do you have any examples?

Fri, 04/15/2011 - 19:07 | 1174640 serotonindumptruck
serotonindumptruck's picture

It's entirely possible that we have reached the point-of-no-return. It may be a political and financial case of entropy, where increasing input costs are resulting in exponentially decreasing returns.

Fri, 04/15/2011 - 23:45 | 1175269 Oh regional Indian
Oh regional Indian's picture

Indeed seratonin, it's called the negative velocity of money. Money makes the world go round, and in 2008, the world stopped and is now spinning the other way.

Most are too seratonnined out to notice. ;-)


Fri, 04/15/2011 - 21:48 | 1175014 Diogenes
Diogenes's picture

How about the repeal of Glass Steagal and the complete lack of regulation and law enforcement in the financial industry?

Sat, 04/16/2011 - 00:05 | 1175305 redpill
redpill's picture

Right, so no BS Wall Street shenigans took place before Glass Steagal?  We have plenty of regulations and government oversight organizations in place.  God knows Sarbanes-Oxley was a real fucking savior, right? 

It's not a problem of law, we have plenty of those.  It's a problem of corruption.  The regulators don't do their jobs because they are buddies with the people they are supposed to be regulating.  Most of them probably get promised cushy Wall St jobs after their government gig is done as long as they don't rock the boat.  Instead of selling the false premise that our government will protect us from criminals, we should instead tell people the government CAN'T effectively protect them from criminals and they should be CAREFUL who they give their money to. 

We've got everything from the FDIC and SEC shoved up everyone's ass so far it's amazing that any small time brokers are even left.  Meanwhile the big boys just hire a whole legion of lawyers for a compliance department that not only keeps them legal but finds ways around the regs and bribe the regulators.  You think more of the same is going to help?  Sounds like something the Bernank would say.


Sat, 04/16/2011 - 10:48 | 1175731 Diogenes
Diogenes's picture

You got it exactly. What we need is better enforcement of the law to clean out the crooks and make the financial markets an asset to the country and a place where ordinary people can invest their money without getting ripped off. The cure is more government not less. And I don't necessarily mean more laws and more people. If the people in power took their feet down off their desks and enforced the laws that are now on the books 90% of the scams would end overnight and if they had done their jobs in the first place the country would not be in the mess it is now.

In other words, more government not more laws and people.

Sat, 04/16/2011 - 11:24 | 1175791 redpill
redpill's picture

What's the definition of insanity?  Repeating the same thing over and over and expecting a different result?

Not only will what you suggest not work, but it will have the inverse effect, the more power and influence the government regulators have, the greater the incentive will be to bribe them.  The result is all the small time players get crushed, and all the big criminals get to continue business as normal.  THIS IS WHAT IS HAPPENING TODAY.  WAKE UP.

More government would only make it worse.

Fri, 04/15/2011 - 23:30 | 1175246 buzzard
buzzard's picture

We've tried government now and it didn't work. So how about us trying no govenment for a while and see how that works. It couldn't be any worse.

Sat, 04/16/2011 - 10:52 | 1175734 Diogenes
Diogenes's picture

Well right now you have big government for those who like big government, and no government for those with enough pull. How is it working so far>

Fri, 04/15/2011 - 16:29 | 1173952 Dadburnitpa
Dadburnitpa's picture


I'd love to see an unscripted, non-teleprompter, non-read ahead debate between Obama and the fat man from Jersey.

Fri, 04/15/2011 - 16:34 | 1173994 Weaseldog
Weaseldog's picture

Michelle Bachman will be our next president.

Fri, 04/15/2011 - 16:58 | 1174098 Agent P
Agent P's picture

Look me in the eyes and say that.

Fri, 04/15/2011 - 17:00 | 1174103 Votewithabullet
Votewithabullet's picture

piss....piss coming from my ass.

Fri, 04/15/2011 - 17:05 | 1174126 redpill
redpill's picture

A little humor for a Friday, I like it!

Fri, 04/15/2011 - 18:13 | 1174461 Confuchius
Confuchius's picture

His replacement is obvious:



osama or is it obama the Indonesian was caught fuckin' Sarkozy, so now the French socialisten want to outlaw prostitution!



Fri, 04/15/2011 - 19:57 | 1174751 Al Gorerhythm
Al Gorerhythm's picture

If Hillary was successful, we'd still be waiting to elect the first female president. Would Bill be First Lady?

Sat, 04/16/2011 - 10:39 | 1175715 nmewn
nmewn's picture

"His replacement is obvious:


Excellent!...great qualifications!...carpetbagger, coat tail rider, perfected listening tours to a fine art, cattle futures trader extraordinaire, ex-first lady, ex-NY senator...a perfect resume'...LOL.

I wonder whatever happened to Norman Hsu? ;-) 

Fri, 04/15/2011 - 15:39 | 1173700 Debtless
Debtless's picture

This time when equities crash, everyone and their mothers will be shorting the piziss out of it so it'll be a good, deep and quick collapse. 

Fri, 04/15/2011 - 16:48 | 1174061 superman07
superman07's picture

China will step in with thier 3 trillion on the way down and say surprise round eye, All your stocks are belong to me.

Meet your new board of directors.

Fri, 04/15/2011 - 18:34 | 1174526 hambone
hambone's picture


Sat, 04/16/2011 - 05:13 | 1175487 sethstorm
sethstorm's picture

Which will find themselves locked out, even with their Western faces.

Fri, 04/15/2011 - 15:41 | 1173706 MonsterZero
MonsterZero's picture

sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies.


You're missing the point, he was upset about foreign coutnries financing our debt, he did fix that....  Now we finance our own debt.

Fri, 04/15/2011 - 15:54 | 1173791 Magic Mamaliga
Magic Mamaliga's picture

+ QE ∞

Fri, 04/15/2011 - 16:47 | 1174043 get nothing and...
get nothing and like it's picture

To Infinity and Beyond! - Ben Lightyear stars in QE Story 3

Fri, 04/15/2011 - 15:42 | 1173708 Racer
Racer's picture

Wah, wah, I want my dummy, I want my toys, wah wah.... or I will kick and I will skweam and skweam the house down... wah..

Fri, 04/15/2011 - 15:42 | 1173711 Long-John-Silver
Long-John-Silver's picture

There was a recovery?

Fri, 04/15/2011 - 16:22 | 1173944 andybev01
andybev01's picture

More like when Robert Downey Jr. went into re-hab-type of recovery...

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