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Obama To Make Statement At 1:30 PM EDT On Debt Talks

Tyler Durden's picture


Sure enough, within hours of the rumored Senate "deal" on the Chained CPI which will magically whack off $500 billion from the deficit, here comes the president to address the debt talks, most likely praising Senate for reaching a consensus, and spinning it as a $3.7 trillion grand compromise which in reality is nothing but even more plundering from not only the future, but from those who are most reliant on COLA adjustments to keep up with real CPI. Watch it live below.


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Tue, 07/19/2011 - 13:25 | 1470873 wisefool
wisefool's picture

The question is: will the networks break away from Citizen Kane to listen to Citizen O?

Tue, 07/19/2011 - 13:27 | 1470890 camaro68ss
camaro68ss's picture

Let me guess, "its bushes falt, I did everthing right, dont blame me, its clowngresses falt."


there we dont have to watch it

Tue, 07/19/2011 - 13:32 | 1470918 Ahmeexnal
Ahmeexnal's picture

markets are tanking

Tue, 07/19/2011 - 13:39 | 1470956 Cognitive Dissonance
Cognitive Dissonance's picture

Are those real Roman columns or just fakes like everything else in the Ponzi.

Just askin' in case it's important.

And now.......heeeeeeeeeeeeeeeere's Jay with the weather. How's it looking out there Jay?

Tue, 07/19/2011 - 13:41 | 1470983 cosmictrainwreck
cosmictrainwreck's picture

that's not Jay - it's Doogie Howser

Tue, 07/19/2011 - 13:53 | 1471044 ratso
ratso's picture

All those who think that Obama is a socialist should just examine what has happened here.  Obama is as socialist as Herbert Hoover was. 

Tue, 07/19/2011 - 17:56 | 1472062 DosZap
DosZap's picture


Forget HERE..........look at the past 2yrs.

He is a dyed in the wool Socialist.

Period.He's fooled you.

Tue, 07/19/2011 - 14:06 | 1471108 francis_sawyer
francis_sawyer's picture

It's "MAWBLE Caalummms"...

Fuck Chicago... dat'z sum Staten Eyelannn cleeeeaaaas... YO!


Tue, 07/19/2011 - 13:44 | 1470996 ATG
ATG's picture

Dow tanking all the way to +188 so far

Tue, 07/19/2011 - 13:52 | 1471033 DavidC
DavidC's picture

Do you mean tanking or ramping?


Tue, 07/19/2011 - 14:09 | 1471122 ATG
ATG's picture

/sarc off

Tue, 07/19/2011 - 13:46 | 1471004 eureka
eureka's picture

they're not

Tue, 07/19/2011 - 13:53 | 1471042 fuu
fuu's picture

If by market you mean Silver and Gold...

Tue, 07/19/2011 - 15:47 | 1471586 eurusdog
eurusdog's picture

You call holding near daily highs "tanking"? I would hate to see your definition of real profits.

Tue, 07/19/2011 - 14:08 | 1471038 Sudden Debt
Sudden Debt's picture

He could also say:









Tue, 07/19/2011 - 14:20 | 1471172 cosmictrainwreck
cosmictrainwreck's picture fukin' belgians can't talk about our Prez like that; we deman an aplolgy - in writing. send to Hillary R-C

Tue, 07/19/2011 - 13:25 | 1470878 Gene Parmesan
Gene Parmesan's picture

Whack off indeed.

Tue, 07/19/2011 - 13:25 | 1470879 knukles
knukles's picture

Fuck the peasants.

Tue, 07/19/2011 - 13:51 | 1470980 hedgeless_horseman
hedgeless_horseman's picture

Mr. President, I am an American.  I, and other Americans, do not want your, "balanced approach," and we do not appreciate you saying that we do.

In fact, according to a CBS News poll, 63% of Americans polled do not want the debt ceiling raised.

Know Obama, know rhetoric.
No Obama, no rhetoric.

Tue, 07/19/2011 - 13:56 | 1471062 Sudden Debt
Sudden Debt's picture


What do you think this is?! A Democracy?!

Stupid first amendment...


Tue, 07/19/2011 - 13:25 | 1470881 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Teleprompter time, bitchez!

Tue, 07/19/2011 - 13:29 | 1470902 augie
augie's picture

14 minutes and counting...

Tue, 07/19/2011 - 13:29 | 1470888 TruthInSunshine
TruthInSunshine's picture

How bad is it when Bank of Amerika disses you?

It's bad, Grandma....real finish your Fancy Feast®



Tue, 07/19/2011 - 13:36 | 1470949 NotApplicable
NotApplicable's picture

Hey, don't tell her about the good stuff! I'm trying to stock up over here.

Tue, 07/19/2011 - 13:52 | 1471032 ATG
ATG's picture

Senior citizens vote more than any other demographic

Did they fix the voting machines?

Tue, 07/19/2011 - 15:51 | 1471566 depression
depression's picture

Grannie get yer teeth, time for yer tuna and peas !

Change you can believe in !

Tue, 07/19/2011 - 15:48 | 1471584 depression
depression's picture


Tue, 07/19/2011 - 13:28 | 1470891 SokPOTUS
SokPOTUS's picture

Tue, 07/19/2011 - 13:34 | 1470931 1100-TACTICAL-12
1100-TACTICAL-12's picture

who's slappin my silver??

Tue, 07/19/2011 - 13:40 | 1470969 knukles
knukles's picture

Blythe & Co.

Tue, 07/19/2011 - 13:27 | 1470892 casaananda
casaananda's picture

O'Bummer is screwing himself, tampering with SS. Why can't we just get the fuck out of Afghanistan and Iraq and Yemen and cut the military budget in half, for one thing. Gov is doing the dumbest things imaginable as a country: making enemies overseas and fucking our citizens at home.

Tue, 07/19/2011 - 13:28 | 1470903 Alcoholic Nativ...
Alcoholic Native American's picture

It's all part of the neo con plan.

Tue, 07/19/2011 - 13:32 | 1470921 NotApplicable
NotApplicable's picture

You don't seem to understand that the world is run by a criminal cartel. Their actions are completely compatible with their goals.

See, they know they are killing the proverbial "Goose that lays the Golden Eggs." They also know that there is nothing they can do to stop it. So, they do the next best thing, which is to kill it to their liking.

Tue, 07/19/2011 - 13:55 | 1471051 knukles
knukles's picture

Gonna be a tough sale to the public.
The folks who by and large depend more heavily on the programs geared to the cost of living; SS, etc., represent primarily a democratic base.  Whichis still the majority of power in DC.  Oopssss!
Tough sell.
The repubs for all their stop the spending will be seen as well, hypocrites also.  That's not the stop the spending that the T area wants.   Maybe the neo-repubs, but not the average Joe repub.
So, a no win for either party; in fact, a whole bunch of nausea.

And, how'll it be sold?
It can't be spun, decorated, whatever.  Greece austerity come to America. 

How about for a start, that 30% of the Federal budget that's been tagged by the CBO as fraud , theft and graft?  Nope, naught done.
How about the banksters and pols on their gravy train.  Nope naught.

Now, some might say whaddya expect?
Of course, practically speaking nothing else....
unless ya'll remembers that things is Great Depression Tough out there.  Which mean a not so tough environment answer ain't gonna work.  Just as a Greek. 

Nope, this is a bloody disaster.
Gonna be a vote all the bums out

The Tea Party type, the real old fashioned conservatives (which in today's world do not have an appropriate descriptor) in the Goldwater tradition, if they can eradicate the neo-cons running as Tea Partiers, can be the beneficiaries.
For this is living proof of what's wrong, just plain and simple wrong, with what's going on.

Tue, 07/19/2011 - 18:04 | 1472088 DosZap
DosZap's picture


You got junked for telling the truth.Par for the course.

The reason is HE is not our President, he is a puppet for the NWO, and HE could giva shit less about any American, that is not part of his cabal.

His mission is the destruction of the USA.And hat's off to him, damned fine job, with the Bernak,Geethner, & Co.

HE best speed things up to Warp drive............come Nov he's history.And all the shitheads surrounding him.

He is as close to a believable pathalogical liar as Clinton was, twins separated at birth.Except Clinton didn't realize it, He does.



Tue, 07/19/2011 - 13:27 | 1470893 Alcoholic Nativ...
Alcoholic Native American's picture

This shit is getting boring.

Tue, 07/19/2011 - 13:40 | 1470975 Cognitive Dissonance
Cognitive Dissonance's picture

Mommy, when is this gonna be over. I gotta go pee.

Tue, 07/19/2011 - 14:00 | 1471089 Sudden Debt
Sudden Debt's picture

Right after the commercials in November 2012!

You'll have a few week by then where every big company in the US will tell you on TV why you should vote for whatever president who's in their pocket.


Tue, 07/19/2011 - 14:35 | 1471250 CH1
CH1's picture

I don't watch - it wastes my time and energy. I come here to find out if there was any substance to it. :)

Tue, 07/19/2011 - 19:54 | 1472363 Hulk
Hulk's picture

Just pee in your britchez Boy! In this heat, they will be dry in 5 minutes and the smell will keep the fly's off me!

Tue, 07/19/2011 - 13:28 | 1470897 kito
kito's picture

3.7 billion or trillion?

Tue, 07/19/2011 - 13:31 | 1470913 ceilidh_trail
ceilidh_trail's picture

quadrazillion, I think.

Tue, 07/19/2011 - 13:57 | 1471069 knukles
knukles's picture

Fuck, it doesn't even matter anymore's the sad truth.

Tue, 07/19/2011 - 14:10 | 1471124 francis_sawyer
francis_sawyer's picture

a brazillion... shit's gettin' REAL...

Tue, 07/19/2011 - 13:28 | 1470900 emsolý
emsolý's picture

Will he be appointing a newly created position: the Inflation Tsar?

Tue, 07/19/2011 - 13:34 | 1470934 NotApplicable
NotApplicable's picture

Ha, he'll appoint a Deflation Tsar first.

Tue, 07/19/2011 - 14:01 | 1471091 knukles
knukles's picture

Price Stability and Fairness tsar.  With the power to impose selective wage and price controls.

Just think of grandma.  No more savory treat cat food from Safeway when its on sale.  Now on to reduced ration of Costco made in China not fit for human consumption crap.

I am sooooooooo fucking disgusted.

Tue, 07/19/2011 - 13:28 | 1470904 Temporalist
Temporalist's picture

Senator Barack Obama 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.

Over the past 5 years, our federal debt has increased by $3.5 trillion to $8.6 trillion.That is “trillion” with a “T.” That is money that we have borrowed from the Social Security trust fund, borrowed from China and Japan, borrowed from American taxpayers."

"This rising debt is a hidden domestic enemy, robbing our cities and States of critical investments in infrastructure like bridges, ports, and levees; robbing our families and our children of critical investments in education and health care reform; robbing our seniors of the retirement and health security they have counted on.

Every dollar we pay in interest is a dollar that is not going to investment in America’s priorities."

Senator Barack Obama
Senate Floor Speech on Public Debt
March 16, 2006

Tue, 07/19/2011 - 13:31 | 1470917 TruthInSunshine
TruthInSunshine's picture

Can someone find that guy?

We need him now more than ever!

Hopeless & spare Change®

Tue, 07/19/2011 - 13:34 | 1470930 PY-129-20
PY-129-20's picture

Chancellor Adenauer once said: "Was interessiert mich mein Geschwaetz von gestern?"

"What do I care about my chitchat from yesterday?"

Tue, 07/19/2011 - 13:39 | 1470964 HungrySeagull
HungrySeagull's picture




Tue, 07/19/2011 - 13:34 | 1470937 mmlevine
mmlevine's picture

Nice find.  What a hypocrite.

Tue, 07/19/2011 - 13:39 | 1470966 NotApplicable
NotApplicable's picture


Tue, 07/19/2011 - 18:09 | 1472101 DosZap
DosZap's picture

All for SHOW...............and LIES.

Time to "Send in the Clowns".

Tue, 07/19/2011 - 13:29 | 1470906 Juice Box
Juice Box's picture

More imaginary budget cuts which are nothing but accounting entries.  Can't wait to see the pictures of everyone patting each other on the back for kicking the can further down the road.

Tue, 07/19/2011 - 13:29 | 1470907 equity_momo
equity_momo's picture


Tue, 07/19/2011 - 13:29 | 1470908 nonclaim
nonclaim's picture

Not watching unless there's a foam plate event... anybody with inside information?

Tue, 07/19/2011 - 13:29 | 1470909 Tortfeasor
Tortfeasor's picture

The government borrows from SS -- all that money is required to be paid back.  So government budget ex-SS shouldn't be effected much by the CPI change, if at all.  How is this a savings, ex-SS?


Tue, 07/19/2011 - 13:47 | 1471009 ATG
ATG's picture

"The government borrows from SS -- all that money is required to be paid back."



Tue, 07/19/2011 - 14:07 | 1471018 ATG
ATG's picture

The point may be +527% inflation in gold, +222% inflation in the monetary base, +102% inflation in Ag Commodities and living expenses offset by government/SS COLA downward definitions after destroying the dollar

In plain English, a welsh default

Tue, 07/19/2011 - 13:30 | 1470910 Juice Box
Juice Box's picture

This is also my nightmare - a room full of politicians and meat puppets (TV reporters).


Tue, 07/19/2011 - 13:30 | 1470911 Blano
Blano's picture

Where's CD to give us the actual starting time??

Tue, 07/19/2011 - 13:31 | 1470912 mynhair
mynhair's picture

Will the Squirrel be 13 or 15 mins late?

On time?  This is bad.....

Tue, 07/19/2011 - 13:35 | 1470940 Blano
Blano's picture

Nah.........just means he has a 1:45 tee time.

Tue, 07/19/2011 - 13:31 | 1470916 Dick Darlington
Dick Darlington's picture

So now that Bennie is not there to support the wealth effect, Obummer will give the lemmings their daily support by telling more lies. Sweet!

Tue, 07/19/2011 - 13:32 | 1470920 cosmictrainwreck
cosmictrainwreck's picture

the "gang of 6" er, uh..."gang of 7" holy shit

Tue, 07/19/2011 - 13:34 | 1470929 Blano
Blano's picture

"Bipartisan"......who's the 1 Republican??

Tue, 07/19/2011 - 13:35 | 1470943 Long-John-Silver
Long-John-Silver's picture

A gang of RINO's obviously

Tue, 07/19/2011 - 13:34 | 1470932 I Am The Unknow...
I Am The Unknown Comic's picture

Turkey and peas, bitchez

Tue, 07/19/2011 - 13:34 | 1470935 Long-John-Silver
Long-John-Silver's picture

How will the turkey be cooked?

Tue, 07/19/2011 - 14:47 | 1471326 I Am The Unknow...
I Am The Unknown Comic's picture

Hopefully with some carbs.  I thought Moochelle was trying to get us all to eat a balanced diet.  WTF??? 

And what's for dessert?

Tue, 07/19/2011 - 13:34 | 1470936 ItsEvolutionBaby
ItsEvolutionBaby's picture

This is so Orwellian.

Tue, 07/19/2011 - 13:35 | 1470938 ceilidh_trail
ceilidh_trail's picture

"Talking Turkey", he just said. Eat your peas and Alpo...

Tue, 07/19/2011 - 13:35 | 1470941 RobD
RobD's picture

Yep they can "Talk Turkey"! That will get er done.

Tue, 07/19/2011 - 14:49 | 1471335 I Am The Unknow...
I Am The Unknown Comic's picture

gobble gobble, peas, gobble gobble.

There, debt ceiling crises fixed.  See how easy it is?!?!

Tue, 07/19/2011 - 13:41 | 1470942 ATG
ATG's picture

O went one better, with Gang of 7 GOP sellout for "shared sacrifice"

No wonder PMs went parabolic, considering DC does not enforce insider trading laws

NB O statement 'the debt problems come from entitlement programs," not corporate monopoly government, K Street Tax earmark Loopholes, pork barrel earmark spending, growing invasions of foreign countries, Fed usury and red tape

And "the American people agree with the balanced approach" of raising taxes and stealing from retirees?

Who is he kidding?

70% oppose higher taxes according to Jim Demint

No wonder the TSA is keeping people off planes leaving the country

Impeachment too good for this CIA Plant President

Hope they take care of their own blowback


Tue, 07/19/2011 - 13:35 | 1470945 Hedgetard55
Hedgetard55's picture

Can't watch the Magic Negro.

Tue, 07/19/2011 - 13:36 | 1470946 cosmictrainwreck
cosmictrainwreck's picture

so that's what sent the market to the moon...

Tue, 07/19/2011 - 13:37 | 1470951 caerus
caerus's picture

gang of six more senator and they could've been the magnificent seven

Tue, 07/19/2011 - 13:42 | 1470989 ATG
ATG's picture

0 did

Tue, 07/19/2011 - 13:54 | 1471050 caerus
caerus's picture


Tue, 07/19/2011 - 14:05 | 1471073 Jonas Parker
Jonas Parker's picture

The Marx Brothers + The Three Stooges...

Tue, 07/19/2011 - 13:37 | 1470953 Long-John-Silver
Long-John-Silver's picture

Exit stage right Bitchez!

Tue, 07/19/2011 - 13:37 | 1470954 Neezer
Neezer's picture

Would love to see a senior citizen throw a pie in his face!

Tue, 07/19/2011 - 13:40 | 1470968 Long-John-Silver
Long-John-Silver's picture

They can't throw pies from under the bus.

Tue, 07/19/2011 - 14:17 | 1471153 ATG
ATG's picture

But they do vote

Tue, 07/19/2011 - 15:01 | 1471395 knukles
knukles's picture

For proof of the 80% solution theme, MSM gonna show a video of 97 year old gram-ma Titweiller in the old folks home who, by the way is blind. deaf and cannot either smell nor taste, on her knees licking His High Eminence's bung and saying; "Why that's the best meal deal any one's givin' me in the last 100 years." Befor she's dragged off camera and re-sedated to roll about in he own excrement for the next week.

God Bless America.

Tue, 07/19/2011 - 13:38 | 1470958 I Am The Unknow...
I Am The Unknown Comic's picture

I think we are all wearied of this.  I honestly wish he would just STFU, and I truly have never said that about any other POTUS.  What a shame...

Tue, 07/19/2011 - 13:41 | 1470977 HungrySeagull
HungrySeagull's picture

I pledge allegience to the POTUS, for one conference for which he speaks....


UGH! It's worse than eating peas.... it's gone bad.

Tue, 07/19/2011 - 14:47 | 1471327 SokPOTUS
SokPOTUS's picture

like eating Brussels Sprouts.

Tue, 07/19/2011 - 13:39 | 1470967 mynhair
mynhair's picture

ES-risk trade is on.

Tue, 07/19/2011 - 13:40 | 1470973 El Oregonian
El Oregonian's picture


Tue, 07/19/2011 - 13:41 | 1470986 HungrySeagull
HungrySeagull's picture

BUT aww MA!



"Easy Weezy..."


Tue, 07/19/2011 - 13:44 | 1470998 TruthInSunshine
TruthInSunshine's picture

Obama's narcissicism couldn't let him refuse to field at least one Lame Stream Media question...

...oh...that burning urge he has to hear himself blather....

Tue, 07/19/2011 - 13:46 | 1471005 HungrySeagull
HungrySeagull's picture

And that itch to get as far away from any Television device as possible. Imagine being in a Mall walking past a wall full of O-blather...

Presidents should STFU unless there is a bad day somewhere in America.

Tue, 07/19/2011 - 13:49 | 1471021 El Oregonian
El Oregonian's picture

Did Jay just say "Gorilla Dust"? What the hell is that?

Tue, 07/19/2011 - 13:50 | 1471024 ATG
ATG's picture

Carney aptly named

Tue, 07/19/2011 - 13:52 | 1471035 Shock and Aweful
Shock and Aweful's picture

I actually wasted a vote on this guy back in 2008 (thinking he was less of a moron then the brain-dead John McCain and that creepy running mate of his)


I gotta tell you though...I actaully got swept up into the whole "this guy is gonna level the playing field for the little guy and get us back to a sensible forgeing policy, common-sense regulations on banking and finance, push forward bold initiatives on conservation and infrastructure and start demanding that we do things in a fundamentally different way than we have for the last 30 years" bullshit.  


I mean christ-almighty, this guy had a once in a century opportunity to become a GREAT leader....the nation was ready for a complete overhaul of how we do things and would have probably done anything he asked as long as they thought it would make us a more fair, just and equitable nation. 


Instead, he got in there...continued and expanded the wars and the destruction of the constitution which has been ongoing for 30 years.  Kept all of the corporate welfare in place, did NOTHING for infrastructure, NOTHING to really fix health-care, NOTHING about in regards to REAL regulation of banking and finance, NOTHING to return us to a nation of laws and less than NOTHING to inspire confidence that we were once again doing the right things as a nation.


I remember telling my wife on election night....if this guy does not really make alot of shit change....he is going to all but destroy the political "zeitgeist" of this nation.  You cannot build millions of people up...get them high on "hope and change" and then be a complete let-down without there being massive negative consequences.  No one I speak to has any interest at all in the political process now...after this guy turned out to be a complete one believes that the possibility to change our ways even exsist anymore...there seems to be a sense of impending we know the train is gonna come off the tracks and we are resigned to our we are just waiting for it to happen........That is not what I would call a healthy outlook for a nation - especially one that considers itself the "leader of the world"


I would honestly say that this guy has been the BIGGEST FAILURE  and let-down of any modern president...and I am not saying that because I think he is a socialist (like most right-wing crackpots out there - and on this site).  I would say he is a failure and a farce because he used his oratory and promises to trick millions of Americans into thinking he would actually get into office and do everything he could to get us back to semblance of respectability....instead, we ended up with just another, bought and paid for corporate shill who falls all over himself looking for new and creative ways to concentrate even more welath with the top .10 of the population  - the damage he has done to our nation is not in the laws that have been passed ...the damage has been done to our psyche and to America's inate ability to always expect that tomorrow will be better than today  - Who still believes that?

(maybe Michelle Bachmann has the remedy for what ailes us....hahahahaha)

Tue, 07/19/2011 - 13:58 | 1471072 JuicedGamma
JuicedGamma's picture

Yup, business as usual.  Nothing to see here, move along.

Tue, 07/19/2011 - 14:11 | 1471136 tsx500
tsx500's picture

awesome,spot-on rant S&A .... although I'd probably argue that the train has already LEFT the trax !

Tue, 07/19/2011 - 14:12 | 1471139 youngman
youngman's picture

"this guy is gonna level the playing field for the little guy and get us back to a sensible forgeing policy, common-sense regulations on banking and finance, push forward bold initiatives on conservation and infrastructure and start demanding that we do things in a fundamentally different way than we have for the last 30 years" "

This says it believed him and the press and what they were telling you WHAT HE never asked for them to prove never asked what he did in his earlier years...what he studied..what he wrote..his beliefs..his took the propaganda hook line and sinker...
Now you know he is just a pretty face behind a teleprompter...reading what someone wants him to say....look at this debt ceiling..where is HIS plan...WHERE are his CUTS..he never commits to anything concrete..just platitudes...he is again voting present...

Please next time you the person you are voting for....the United States is at stake..

Tue, 07/19/2011 - 14:13 | 1471141 francis_sawyer
francis_sawyer's picture you fucked up

Time to make amends... Next VOTING day, head to the local coin shop & buy some gold & silver...

On your deathbed, you'll receive total consciousness...



Tue, 07/19/2011 - 14:24 | 1471185 ATG
ATG's picture

" No one I speak to has any interest at all in the political process now..."

The crooks win if we don't vote with our money and our mouths

"Socialist President, ha ha"

Definition of national socialism:

Oligarchs using government to steal freedom and private property for their own gain

Tue, 07/19/2011 - 15:07 | 1471410 Cathartes Aura
Cathartes Aura's picture

maybe Michelle Bachmann has the remedy for what ailes us

the only thing that ails most of you here is continuing to believe it's about VOTING.

when you wake up to the fact that amrka is WAAAAAAAAY past the "voting" solution - if that was ever anything more than a farce - then you'll be on your way to recovery.

Tue, 07/19/2011 - 16:11 | 1471659 Joe Sixpack
Joe Sixpack's picture

"I actually wasted a vote on this guy back in 2008 "


Well, I tried to warn you before the election.


"...Folks, this is the scary part. Joe Six-Pack has been expecting this to happen for over 15 years. I believed that someday derivatives would get out of hand and cause a huge financial collapse. I am not the only one of course. There were economists who worried about derivatives. This is not to say I am smarter or anything like that, but rather to say, that a typical guy apparently understood what was happening, while apparently many if not most of the experts did not (or were too busy profiting from it). But here is the scariest part- neither John McCain nor Barak Obama seemed to have even a clue that this was the issue! John McCain, not a month ago said "the fundamentals are sound"! Yet Joe Six-Pack, not a presidential candidate was waiting for it to happen! I am sorry, but we have a real disconnect here. We have two candidates who DO NOT HAVE a clue about the magnitude of the problem (maybe by now they are getting briefed), and we are supposed to look to them to solve this problem? This is scary!

I am talking straight to you here. Joe Six-Pack is saying this is potentially one of the most severe financial collapses in history let alone the last 80 years. In no time in history have they created a $1 QUADRILLION derivatives bubble then had it collapse (let alone even created one of any size). We have no idea how to fix it, yet, the idiots in Washinton DC are going to try and save the GAMBLING CASINO! And they are going to do it at our expense! Joe Six-Pack proposed back in MARCH of this year that we either fully nationalize the Fed, put it into bankruptcy, and create a new currency, or minimally at least just create the new currency. Please read and support Take Back The Fed. This is fully Constitutional, and has been done a number of times in our nations history. Joe Six-Pack has also tried to warn against allowing Congress being blackmailed into accepting the bail-out (oh, excuse, me "rescue") package. Folks this is going to devastate our nation, completely. This derivatives bubble completely eclipses the real economy, and these idiots are going to attempt to save it for their Wall Street buddies? Please visit and support Financial Blackmail.

I do not expect everyone to have known about derivatives, nor understood their dangers, but I do expect a potential president to have a definite grasp on this. We currently have two candidates with no apparent knowledge of what is actually happening. Even worse is if all along they DID know about it , and did not warn us. Then one wonders what their motives are? Joe Six-Pack started siv0 in January this year to try and warn the public. What did John McCain and Barak Obama do to warn Americans about the collapse?"



Tue, 07/19/2011 - 16:40 | 1471738 Doyle Hargraves
Doyle Hargraves's picture

Yeah already did what you said, Joe. Unfortunately the game is rigged. We are well past the ballot box solution and quickly approaching the ammo box solution. Don't really know what lies between the two except maybe the hyperinflationary depression we are in and people massively suffering while those that rule dither, drink, and laugh together at how they fool us everyday with their faux dueling news conferences and 'idealogical stands' for show. Short of Ron, there is not one honest bastard in congress. Even if he were to win the nomination or run and be successful TPTB would make damn sure he never takes the oath. Think of all those planes that crashed/exploded/fell outta the sky/were shot down during the slick willie years...

Tue, 07/19/2011 - 19:18 | 1472271 DosZap
DosZap's picture


So you were a sucker huh,and fell for that line of crap?,did you even bother to check out his record in the Congress?.Since you voted for him, I know you did not.

As for this;

maybe Michelle Bachmann has the remedy for what ailes us....hahahahaha


Hahahahahahaha..........funny, do you actually believe she would/could do any worse?.

I KNOW she wouldn't be as bad as what we have now.At least she knows we do not have 57 states,and the call to prayer of Islam, is not the most beautiful thing she ever heard in her life.


Hasn't attended a FLAT out haters racist church(that teaches (African American Theology) for 20+years, and claimed to have never heard anything bad about America from the pulpit.


Talk about hypocrisy.God help us.

Tue, 07/19/2011 - 13:53 | 1471040 Nothing To See Here
Nothing To See Here's picture

I was eating an Ipad I mean a Subway sandwich when I saw what the "plan"  was, and I almost laughed the salad and tomatoes out. Per the WSJ :

Central parts of the plan would:

• Impose immediate spending cuts and caps that reduce the deficit by $500 billion over 10 years.

• Make changes to Social Security to make the program solvent over 75 years.

• Direct key congressional committees to find specific levels of deficit-reduction within their areas of jurisdiction. If the committees fail, then a group of senators—five Democrats and five Republicans—will be able to confer and offer their own a deficit-reduction plan as a replacement.

Tue, 07/19/2011 - 14:19 | 1471163 Infinite QE
Infinite QE's picture

$500 billion over ten years? Ha. The states are going to need that over the next year or two to hold off the rollout of MadMax in the urban areas. 

Tue, 07/19/2011 - 14:27 | 1471208 ATG
ATG's picture

The Gang of 7 and the Gang of 10

0 revealing his admiration for the Totalitarian People's Republic

Tue, 07/19/2011 - 15:09 | 1471418 knukles
knukles's picture

"If the committees fail, then a group of senators—five Democrats and five Republicans—will be able to confer and offer their own a deficit-reduction plan as a replacement."

Read it again, a second time, slower...

"will be able to confer and offer their own a deficit-reduction plan as a replacement."

Means nothing fucking gets done except the CPI restated for lower payouts.

And with no absolute spending cap, the savings can and will be used, elsewhere since the budget deficit is/has/will whatthefuckever fallen.

Tue, 07/19/2011 - 13:55 | 1471059 Bama
Bama's picture

That little punk is the biggest fucking liar I've ever seen. How can a man stand up there and lie through his fucking teeth like that?

Tue, 07/19/2011 - 14:06 | 1471102 r101958
r101958's picture

Same way the bankers do it.

Tue, 07/19/2011 - 14:28 | 1471209 dexter_morgan
dexter_morgan's picture

It seems to be a genetic thing - some can do it, some just can't. The ones that can seem to run everything unfortunately though....

Tue, 07/19/2011 - 14:42 | 1471302 cosmictrainwreck
cosmictrainwreck's picture

job security

Tue, 07/19/2011 - 13:59 | 1471082 El Oregonian
El Oregonian's picture

Gang of six, seven, seven thousand... We have something "Big" and we all know it's a "Hard Thing" Is that it? The point is... Just tell us to bend over and how much pain we are going to have to take... 

Tue, 07/19/2011 - 14:02 | 1471094 FubarNation
FubarNation's picture

That broad in the front row has a smokin' set of legs.

Tue, 07/19/2011 - 14:08 | 1471112 r101958
r101958's picture

She is a distraction plant.

Tue, 07/19/2011 - 14:15 | 1471148 francis_sawyer
francis_sawyer's picture

I was wondering if I was the only one thinking that...

She needs to do a pole dance to liven up the festivities...

Tue, 07/19/2011 - 14:22 | 1471180 r101958
r101958's picture

They flash a shot of the reporters and viewers forget, for a moment, the pustular pile of prattle being spewed by this guy.

Tue, 07/19/2011 - 14:16 | 1471150 Brother Revegen...
Brother Revegend Magoun's picture

Political crisis in US!

Tue, 07/19/2011 - 14:17 | 1471157 El Oregonian
El Oregonian's picture

Gang of six, seven, seven thousand... We have something "Big" and we all know it's a "Hard Thing" Is that it? The point is... Just tell us to bend over and how much pain we are going to have to take... 

Tue, 07/19/2011 - 14:19 | 1471166 dexter_morgan
dexter_morgan's picture

And......there goes gold and expected

Tue, 07/19/2011 - 14:20 | 1471168 El Oregonian
El Oregonian's picture

Did Jay say that Obama was the creator of the Immaculate Conception?

Tue, 07/19/2011 - 14:26 | 1471199 r101958
r101958's picture

Yep, in a matter of minutes gold down $13 silver down almost almost $1. Of course, you know, this is how JPM makes revenue.

Tue, 07/19/2011 - 14:28 | 1471204 Smiley
Smiley's picture

Pontificating morons are nothing but pontificating morons even if they flock together:  A consensus of bullshit isn't progress; its still a bunch of bullshit.

Tue, 07/19/2011 - 14:28 | 1471212 wombats
wombats's picture

A lot of wasted words used saying nothing new at all.

Tue, 07/19/2011 - 14:44 | 1471315 bill1102inf
bill1102inf's picture

Why stop here folks, lets boost the SP500 3% by the close!

Tue, 07/19/2011 - 14:46 | 1471322 jack stephan
jack stephan's picture

He who controls the spice controls the universe.

Tue, 07/19/2011 - 15:22 | 1471468 Smiley
Smiley's picture

Get those filthy Harkonnens off my Planet!

Tue, 07/19/2011 - 15:29 | 1471487 Problem Is
Problem Is's picture

Jamie & Lloyd have finished loading their TBTF talking points, "Bailout My Bonus" into the Teleprompter...

At 1:30pm, the hapless dupe, useful idiot, Wall Street puppet, and political hack-about-town Barry Soetoro...

aka Obama Bin Lyin' will read Jaime & Lloyd's statement from the 'prompter...

Tue, 07/19/2011 - 15:37 | 1471528 ATG
ATG's picture

There's this wee matter of how the House will vote

Or has our Constitution been suspended under emergency martial law since 1941?

0 running out of nonsense media ops to talk the economy up

Tue, 07/19/2011 - 15:52 | 1471596 Moe Howard
Moe Howard's picture

I would BTFD except it only dropped to $38.99. Drop $10 more and I'll think about it.

Tue, 07/19/2011 - 16:47 | 1471803 latizziforchizzi
latizziforchizzi's picture

I was calling Obama a "financial terrorist in a suit" nine months before he became President. I said he would destroy this country financially, and that he did. Anyone who voted for him did so because they didn't look any further than fucking CNN,MSNBC, or FAUX news. He is a communist who spins speeches filled with lies, lies, lies... 


"Change you can beleive in".

There will be change, and it is not going to good times anymore, when the SHTF...



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