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Obama Seeking Emergency Camp David Meeting, Boehner Just Says No
In the most dramatic example of someone give the teleprompter the finger on the debt target (f/k/a debt ceiling, in the pre Federal Reserve days), after earlier it was announced that Obama, so willing to continue the charade, was pushing for a Camp David meeting where the debt ceiling issue would be resolved, bunch-of-fat-old-men-locked-up-in-a-room-nobody-leaving-until-solution-is-reached style, Reuters reports that Boehner has politely refused this latest farcical denouement, and told the White House "that he sees no need to move the negotiations on debt and deficits to Camp David." In other news, it is now 7 days and counting until July 22.
From Reuters:
House of Representatives Speaker John Boehner, the top U.S. Republican, has told the White House that he sees no need to move the negotiations on debt and deficits to Camp David.
"The speaker has told the White House he sees no need to go to Camp David this weekend," Boehner spokesman Brendan Buck said on Thursday.
The White House had been weighing the idea of Camp David talks but no decision had been made and White House aides said there were "currently no plans for that."
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You're awfully emotional for a bot.
I say go to Camp David for Beer Summit II. Boehner and Obama do keg stands on live TV, he with the longest ride gets his way ;)
That truly would be a Circus, no?
YEAH!!!! who ever last longest with the beer funnel wins!
Can anyone explain the significance of July 22nd versus August 2nd? I was under the impression that August 2nd was the date that Geithner runs out of funds to steal from pensions. So what then what is the relevance of the 22nd? Is it some sort of drop dead date for giving notice to Federal workers who will be unemployed on a government shutdown?
Bill has to go to Senate then O'shithead I think.
Am I right?
https://libertyrevival.wordpress.com/2010/07/14/milton-friedman-pay-off-...
Game theory would suggest that the U.S. is holding a gun to it's own head on this one. I suppose Russian roulette is entertaining, but what is interesting is that suicide has become a team sport.
So Camp David meeting for the elite?
http://www.wildsound-filmmaking-feedback-events.com/images/eyes_wide_shu...
all this crap is just WWF Raw without the actual matches, just the interviews with Mean Gene. how bout this brilliant idea: bring the cameras in and hash it out on live TV. charge $29.99 for pay-per-view to help reduce the defecit. i for one would gladly contribute with glee, even though i know that somewhere on the net, i could get it for free.
guess that's too much transparency....oh well...maybe next constitution...
I'd pay to see a cage match between crying Boner and big eared Obozo.
As we approach financial apocalypse, does anyone have an opinion on whether it's better, when the SHTF, to max out a variable rate credit card, or pay it off, cut it up and live on what you can buy with fiat/ PM/ barter?
Update: I ask because I've prepared, but never feel like I've done enough. If the CC becomes meaningless, I'm inclined to leverage it if the time is right.
Unless you can time it perfectly, I'd say it's a moot point. That is, if you wait until the SHTF, I don't think you're going to find too many places willing to sell you something on credit. One the other hand, if you're too early (and the SDHTF) you've put yourself in a position of personal financial ruin. Just my opinion.
Yeah, timing would be crucial. I'm hoping Tyler has a "leverage your personal credit now" article when the time comes, but I don't hold my breath; "if" is not so much a question as "when", and if we all knew that we'd wouldn't need to read ZH.
It's your decision, and the temptation is certainly there to use the plastic near SHTF 'go-time'. Problem is you'll likely have no real advance notice in terms of sufficient time to make the most of your plastic.
Additionally, you will create a trail which the banksters can potentially use to send Xe jackboots to your doorstep if things get bad enough. I guess the way I see it is the best option is the one which allows you to sever as many ties as possible to anything related to the bankstah mafia.
Don't worry about never feeling like you've done enough preparation. Be more worried if you ever feel like you are totally ready, because at that point you're probably half-way there.
Personally, I only feel like I'm OK for a few months after the ballon goes up...which means I could probably make it for 4-6 weeks in reality. Preparation is a never-ending process, particularly this deep into the endgame. There are no easy answers, and unfortunately there are way too few of us.
Great thoughts. Thanks. I do agree that severing ties with the banksta douche-bags is likely a better option--less likely to see jack boots, but more importantly, I think my soul will feel more intact.
"Just walk away."
Period.
Hire millions to build more golf courses and pay people to play.
And I bet Michelle was going to cook a nice dinner for the boys. Oh, I forgot she does not cook anymore. First Lady and all that goes with it.
Sorry.
I don't want to hijack these negotiations. However, I'd recommend that we'd be best served by taking the talks down to Sesame Street. No way we don't get a deal done there...
Sunny Days, sweepin' the clouds away
On my way to where the air is sweet
Can someone tell me how to get to Sesame Street?
Just hold hands and sing Kumbaya and you will be transported to that magical land called Sesame Street.
Well, there's no doubt that the Count can help with the Debt Limit issue. And Mumford can make the budget deficeit disappear... ala peanut butter sandwiches!
This Episode of Sesame Street was brought to you by the letter "O", and the number 14,000,000,000,000
They are playing out this little drama against a background of increasing REAL loss of confidence in the currency -- I'm not sure they give much credence to the actual real environment. Reminds me of the Tropic Thunder premise, where a bunch of war movie actors find themselves in real combat -- but without the laughs or happy ending.
Well the ratings agency just pulled the rug out from underneath both parties.
Unless they come up with something meaningful (we are doomed) the rating is gonna be changed.
I agree with folks above that they will get it done but I think they are doing real damage playing this game. Awareness of the situation is becoming general.
Agreed. This is the worse possible path. Funny, the zealots base, the rich, are emailing for them to stop.
I'd be willing to bet that daytime soaps are better scripted than this government nonsense.
[debt] ceiling raised, or not, the structure's still burning down.
Let's get to the millions in the streets with pitchforks and transporting guillotines to washington part, then it'll be a bit more interesting.
A large detail of space monkeys assigned to NY airports seems like a good idea to me. It doesn't take much to prevent copters and jets from escaping . . . but ya gotta be there.
Obama dama ding dong should just call all remaining living presidents to the white house to flog Bohemer into submission. The nations credit card is maxxed out and we need to increase the credit limit pronto, stat!!
I thought that was Obama lama ding dang.......
i thought that one was trade marked.
The man just said No...to the big O. This is going to get interesting.... grab your popcorn, this will be an interesting weekend.
This is pre-scripted.
Gird your emotions and dig deep and remember to tell yourself that "this is all just Hollywood."
Jason Vorhees is merely a stage name. Do not be frightened.
At the scariest point, the lights will come on, refreshing refills of soda will be offered up, and people will laugh, joke and smoke while mulling over the screentastic details and faux drama that just unfolded.
All those dead bodies in the mid east just Hollywood too. Never happen here.
Tell me again why we have a debt limit? According to the Congressional Research Service, since 1962 the debt ceiling has been raised 74 times. 74! What's the point if having one? Lets just do away with it and let the market decide what our debt limit should be. In the end thats what will happen.
Hey I give the "false one" the finger every morning too! Don't I get some credit and mention as well?
All of Camp David is bugged. There's no reason to ever negotiate anything there. Obama and democraps just want to listen to the strategy on the republican side.
Rule #4: Never go "off site" to negotiate.
Rule #1: Never negotiate with children, uh, I mean terrorists
Small possibility of default event, I put it at 5%. The congress critters know the risks of a politically driven default event. In fact, the Bernanke was discussing the topic of "political risk" in his testimony today. The reality is that this drama will pass whether it happens before or after August 2nd. However, the larger story coming out of this is the crumbling US finances and the political disarry coming out of DC. If this debt ceiling raise was difficult, imagine the next one and the one after that. The days of US political and financial stability are slowly coming to an end.
In my opinion, this will take a lot longer to play out then some of the hardcore doomers believe. Remember, treasury debt is close to 70% of GDP. The intragovernmental holdings (debt owed to social security and medicare) is already being defaulted on by way of CPI cooking and other data fudgery.
better to have the meeting at a separation of powers sensitive location - say Scores in Chicago.
Maybe Boehner and the freshmen Tea party-ites would prefer:
http://koa.com/
That's funny. Maybe they'd feel more comfortable here:
http://www.zimbio.com/pictures/z9AWOe-FXsO/FEMA+Trailer+Park+Residents+F...
NEWSFLASH : Aug 2 2011 1AM Wash DC . White House announces Camp David has been listed "For Sale" on the real estate market through a short sale. Property in need of repairs and a good "fixer upper "opportunity for right buyer. Oddly, so far only bidder is China which also is threatening forclosure
ouch
LOL. Chinese will jump on that.
I think there is a reason for going to camp david, they (meaning everyone except Obama) can't leave or go as easily as they could from the whitehouse. Also I think it's a technique to intimidate others into doing what he wants by having them on ground that they can't leave easily and/or talk to the press easily. So in essence he can come out and say things first before they can and make it look like they are the ones messing things up. I don't like Boehner, but I think he knows the game Obama is playing.
Boner is acting almost as if he's not a "professional politician."
And Nobody can think that all this show could be done on purpose ?
Per instance, to get something from the chineses ?