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Obama's Novel Spin On M.A.D. - "Assured Self-Destruction"; President Tells Congress Not Passing Tax Deal Would End His Presidency

Tyler Durden's picture


By now America has grown to expect that every failed negotiation by the politico-financial oligarchy always ends up with some version of the "Mutual Assured Destruction" card. And while the bankers of the world at least threaten others with total annihilation if their "much more erudite" suggestions are not adopted up by the great unwashed plebs, the president has come up with a unique spin on this worn out tactic. The Hill reports that the president has been telling members of Congress that failure to pass the tax-cut legislation could result in the end of his presidency. This begs the question: with the domestic (and global) economy in shambles, and not foundering only due to $4+ trillion in fiscal and monetary stimuli, and near-double digit unemployment, (there is, however, a silver lining - Reuters reports 2010 may be the second highest bonus payout season on Wall Street ever), whether Obama's departure would even be considered 'bad thing'...

From The Hill:

"The White House is putting on tremendous pressure making phone calls, the president is making phone calls saying this is the end of his presidency if he doesn't get this bad deal," he told CNN's Eliot Spitzer.

Obama's push shows that the president is going to the mat in order to push through Congress the compromise brokered with Republicans.

During the end of the healthcare debate, Obama reportedly told Democrats upset that the bill did not contain a public healthcare option that not passing it could put his presidency on the line and stall the liberal agenda for decades.

The White House has been aggressively selling the deal, which includes a two-year extension of all the expiring Bush tax cuts in exchange for a 13-month extension of unemployment benefits, to skeptical lawmakers and the public.

The Senate passed the $853 billion legislation by an overwhelming 81-19 margin, sending it to the House.

Though House liberals and a some conservatives have voiced opposition to the deal, some opponents have conceded that the likelihood of the deal failing at this juncture is very low.

Still, DeFazio has not been sold.

"I don't feel that way, I think this is potentially the end of his possibility of being reelected if he gets this deal and it's a trap," he said.

So here is the math: marginally higher taxes, and the potential for actual economic improvement in the future, or we keep Obama, and get $5 trillion more in cumulative deficits over the next 10 years. It sure sounds like a toss up.



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Wed, 12/15/2010 - 19:16 | 809868 DaveyJones
DaveyJones's picture

is that a promise?

Wed, 12/15/2010 - 19:45 | 809989 Bob
Bob's picture

That was my thought: Is that it?  Does Barry just go home and forget the whole thing?  That's gotta be too easy. 

Wed, 12/15/2010 - 20:26 | 810114 masterinchancery
masterinchancery's picture

Yeh really--done deal!

Wed, 12/15/2010 - 21:47 | 810355 sunny
sunny's picture

Cool, now that would be change I could believe in!


Thu, 12/16/2010 - 01:06 | 810784 I Am The Unknow...
I Am The Unknown Comic's picture

Yep, he can leave town and I'll keep the change...

Wed, 12/15/2010 - 19:49 | 810008 financeguru500
financeguru500's picture

Lol, Immediately after Obama's statement there is a unanimous vote against the bill.

Wed, 12/15/2010 - 20:06 | 810058 israhole
israhole's picture

" Reuters reports 2010 may be the second highest bonus payout season on Wall Street ever"-ZH

It was a Happy Hannukah indeed!

Wed, 12/15/2010 - 21:29 | 810293 spudboy
spudboy's picture

Rascism has no place in a reasoned discussion, and detracts rather than adds to the content therein.

Wed, 12/15/2010 - 21:44 | 810345 financeguru500
financeguru500's picture

And what race celebrates Hanukkah? Last I checked, it was a celebration of a religion, not a race.

Wed, 12/15/2010 - 22:01 | 810385 spudboy
spudboy's picture

Opinions differ on that count, with the Supreme Court ruling in 1980 that Jews are in fact a race, which angered many Jews.

You deliberately miss the point financeguru: judging people primarily based on their ethnicity, religion, or race is both ignorant and inflammatory, and I'm sorry you lack the discernment to recognize that.

Wed, 12/15/2010 - 22:13 | 810413 financeguru500
financeguru500's picture

Look, I can agree that there is no reason to start making claims against certain races or religions. It doesn't support the topic at hand.

But I also am completely against people who pull out the race card immediatly even when it is in the wrong context. Despite what the Supreme Court ruled in 1980, people who follow a certain religion will never be a race. Just like several hundred years ago when the world was considered flat. Just because people say it is so doesn't mean it is true. If the Supreme court came out tomorrow and ruled that circus clowns were considered a race, would you suddenly believe it?

The guy who stated something about being a "happy Hanukka" didn't make any judgments about any people. He could have said its going to be a "merry christmas" and people would not have jumped on him for it. Did he incenuate that the bankers who got bonuses were jewish? Maybe, but he did not make a direct statement and definately does not deserve to get bashed as a racist when he clearly (from that statement) is not being racist.

Wed, 12/15/2010 - 23:11 | 810469 spudboy
spudboy's picture

So, with "Israhole" as his moniker, and "Israel" with a circle and a slash through it as his avatar, this is just his own unique and special way of saying "Have a happy day!"???

You stretch credulity. Stop parsing words and stand up for what is right.

Wed, 12/15/2010 - 23:18 | 810561 Midwest Prepper
Midwest Prepper's picture

I agree.  Israel is a great land - a democracy of 5 million Jews that allows its 1 million Arab citizens all the rights that they could never enjoy in any other Arab country.  Where but Israel can Arabs vote or hold a meaningful elective office?  Saudi Arabia? No.  Syria? No. Forget it.  Arabs in Israel are better off than any others, yet morons want to trash the democracy that has earned more patents per capita than any other country on earth. Jesus was Jewish and the New Testament makes it very clear that God is not done with His people (although He made it very clear He did NOT choose them because they were anything special - it was just His grace).  Align yourself against Israel at your own peril.

Mon, 01/24/2011 - 08:24 | 810635 Clapham Junction
Clapham Junction's picture


Wed, 12/15/2010 - 21:56 | 810375 TonyV
TonyV's picture

From Wikipedia: Racism is the belief that the genetic factors which constitute race are a primary determinant of human traits and capacities and that racial differences produce an inherent superiority of a particular race

I do not see any of that in his post.

Thu, 12/16/2010 - 12:26 | 811603 tamboo
tamboo's picture

synagogue of satan babe.

any of you goyim cattle interested in the talmud?

such curiosity is punishable by death.

obongo's a self-chosenite too believe it or not.

Wed, 12/15/2010 - 20:13 | 810079 dark pools of soros
dark pools of soros's picture

so you ready for Zion Biden???

Wed, 12/15/2010 - 20:18 | 810097 Ratscam
Ratscam's picture

if it were i'd agree for his resignation, then again who could take take the lead except Ron Paul?

Wed, 12/15/2010 - 21:43 | 810342 Red Neck Repugnicant
Red Neck Repugnicant's picture

Ron Paul is a good choice, but what about these two guys:

(pay particular attention at 1:23)



Wed, 12/15/2010 - 22:30 | 810450 tmosley
tmosley's picture

lol, you like Ron Paul, but you called me a hypocrite for doing the same thing he does.

Earmarks are remarkably similar to grants, in that an earmark is money that would otherwise be spent by a bureaucrat, same as grant money.

All the cognative dissonance!  Better leave before your head expoldes.

Thu, 12/16/2010 - 01:12 | 810790 I Am The Unknow...
I Am The Unknown Comic's picture

I say we go with these two instead:  Moose and Squirrel - oh wait, I think we have that now?


Wed, 12/15/2010 - 19:17 | 809872 Quixotic_Not
Quixotic_Not's picture

What a narcissistic drama queen!

Wed, 12/15/2010 - 19:22 | 809896 JLee2027
JLee2027's picture

It's all about him.

Wed, 12/15/2010 - 19:38 | 809963 Rider
Rider's picture

More fearmongering and threats, we are done with that after Paulson held this country hostage.

Wed, 12/15/2010 - 19:41 | 809976 IQ 145
IQ 145's picture

 Yes. agree. Also, "stall the liberal agenda--" they live in cloud cucoo land; there is no liberal agenda; it's over, done. As Margaret Thatcher said, "the trouble with Socialism is you run out of other peoples money to spend"; and this is a fait acompli.

Wed, 12/15/2010 - 19:48 | 810001 MeTarzanUjane
MeTarzanUjane's picture

"What a narcissistic drama queen!"

Hey, we're not talking about Glenn Beck here...

Wed, 12/15/2010 - 20:46 | 810163 Don Birnam
Don Birnam's picture


Wed, 12/15/2010 - 19:19 | 809875 Misean
Misean's picture

After the pasting the Dumborats took in November, Obumble thinks this is a GOOD argument with the idiots of his party?!?!?!  And IF the passage is in some way due to this argument...the mind boggles.

Wed, 12/15/2010 - 19:19 | 809876 Encroaching Darkness
Encroaching Darkness's picture

Now THERE'S a hope for a change!

Wed, 12/15/2010 - 19:20 | 809880 buzzsaw99
buzzsaw99's picture

His presidency is already over he just doesn't know it yet. Bush III is history.

Wed, 12/15/2010 - 19:23 | 809897 tmosley
tmosley's picture


No-one seems to understand that Obama is Bush III.  McCain would have been as well.  The next guy will be the same, absent the possibility of a Ron Paul election (not outside the realm of possibility).

Wed, 12/15/2010 - 19:41 | 809977 doolittlegeorge
doolittlegeorge's picture

Even Kudlow called it that!  Rather odd for Obama to agree, yes, yes?  Now "onto the impossibility of the simplicity of a total and sudden collapse."  Finance NEVER get's carried away with a singular thesis....

Wed, 12/15/2010 - 19:54 | 810034 nmewn
nmewn's picture

I was thinking Carter II...but no sense splitting hairs ;-)

Meanwhile, the Senate, not the House has released a gargantuan 1.1 trillion spending bill chock full of pork. The House & Senate had all year to pass a budget at the eleventh hour we find this "thing" being presented by Senator Inouye for consideration.

Eight Billion dollars worth of pork!...and I don't give a damn about 8 billion as a percentage of a's all the crap defeated politicians wanted who won't be there for the 112th.'s ass rape!

The Food Safety Bill is stuffed in there as well for all you Farmer's Market types...the cost of this particular peice of legislation?...1.4 billion over four years.

It's kinda like the issue of taxing in this ZH order to deal with 170 billion in tax cuts and however many billions in unemployment insurance extension they turn it into a trillion dollar debt bomb.

I say no on both.

Pass a continuing resolution and wait for the next Congress. 

Wed, 12/15/2010 - 19:58 | 810039 doolittlegeorge
doolittlegeorge's picture

"God help me but I do love it so....

Wed, 12/15/2010 - 20:19 | 810099 nmewn
nmewn's picture

They are rapists...all of them that are in there now.

Grassley, Harkin, all the midwest cornholes put in their stupid ethanol subsidies...excellent!...let's jack up food prices & burn up some car valves in one fell swoop.

Friggin idiots.

Wed, 12/15/2010 - 20:43 | 810158 Don Birnam
Don Birnam's picture

”L’audace, l’audace, toujours l’audace !"

Wed, 12/15/2010 - 20:31 | 810123 chubbar
chubbar's picture

It's not just the cost of s-510 but the onerous record keeping and compliance for small farmers. It's  meant to drive them out of business so that Monsanto, et al, controls our food source. Who do you think wrote the language?

The punishment for non-compliance is a raid, confiscation of the farm and seizure/freezing of bank accounts. This is normally done in cases where the gov't is afraid of losing public opinion. It doesn't want bad publicity so it freezes bank accounts so no defense can be mounted.

Just wait to see what this does to farmers markets, et al, it shuts them down unless they have filed 3 years of financials, a hazard mitigation plan and several other bullshit (read time consuming) plans. Totally fucked for the local farmer.

I hope everyone who sits back without even a token call to their representatives just fucking starves, fuck em.

Wed, 12/15/2010 - 20:31 | 810124 karzai_luver
karzai_luver's picture

correct, it's a one banker-partay with two wings.


the dimo-rat-banker-cocksuckers


the repub-rat-banker-cocksuckers.


The selections are a farce and we should stop them and just admit it.

Although it does give the sheeple something to obsess about.

I suppose it is no worse than the xmas farce.

Wed, 12/15/2010 - 19:20 | 809882 tmosley
tmosley's picture

Why not?  Pretty much the same game the central banks have been playing for quite a while.

Of course, since I am a terrible racist, I immediately thought of this clip:

Wed, 12/15/2010 - 22:58 | 810516 pods
pods's picture

Somehow I knew this vid would be posted.  It was actually the first thing I thought of.




Wed, 12/15/2010 - 19:21 | 809883 Stock-Paper-Silver
Stock-Paper-Silver's picture

Hindenburg Omen, 2nd day in a row. Confirmed according the old definition!$NYMO&p=D&b=5&g=0&id=p20489603975

Wed, 12/15/2010 - 20:20 | 810102 erik
erik's picture

Bulls are writing this off as a non-event because August signals didn't come through (thanks to QE2) and because it is a result of bond ETFs hitting lows.

Doesn't the bond market usually know better than the stock market?

Wed, 12/15/2010 - 19:21 | 809887 pamriallc
pamriallc's picture

the only cuts should be to government itself.  there's no glory in taxing the people more, only reducing government by 30-40% in line with their ability to collect taxes.  this is what private industry does all the time.  only in government as there perennial increases in all form of spending.  the classic scenario such as in greece where the citizens of greece are actually in great shape but the country is bankrupt.  in the usa we're seeing a re-run but with the central bank ensuring BOTH citizens and the state become bankrupt.  no one wants it to end this way, but we know that there is still no substitute for physical or cash-flow equity assets vs government paper or bonds.

Wed, 12/15/2010 - 19:54 | 810023 Bearster
Bearster's picture

A 30-40% reduction in the scope, intrusiveness, damage, distortion, abuse, and of course cost of government ... would be a good start.


Wed, 12/15/2010 - 20:08 | 810068 Lord Koos
Lord Koos's picture

Of course, but they won't cut back fairly... the military industrial complex will remain fully funded.

Wed, 12/15/2010 - 19:21 | 809888 Live_Free
Live_Free's picture

"Thoughtcrime, they called it. Thoughtcrime was not a thing that could be concealed forever. You might dodge successfully for a while, even for years, but sooner or later they were bound to get you."

Wed, 12/15/2010 - 19:21 | 809889 ReallySparky
ReallySparky's picture

Tyler, Thank you for showing up every day.  Each day, you bring me to the brink of tears and then back again for a good laugh.  Round of Applause, folks.

Wed, 12/15/2010 - 19:53 | 810026 MeTarzanUjane
MeTarzanUjane's picture

"bring me to the brink of tears"!

Your wrist is as limp as Cog Dis'es. Give me a fucking break. Maybe you can go share your emotions with your Facebook fag friends. Don't do that shit here.

Wed, 12/15/2010 - 20:02 | 810056 LeBalance
LeBalance's picture

May the next vine you grasp for be a viper.

Wed, 12/15/2010 - 20:09 | 810070 Lord Koos
Lord Koos's picture


Wed, 12/15/2010 - 20:34 | 810132 MeTarzanUjane
MeTarzanUjane's picture

What's your facebook?

Wed, 12/15/2010 - 21:09 | 810225 tekhneek
tekhneek's picture

that made me laugh.

Wed, 12/15/2010 - 19:27 | 809909 tony bonn
tony bonn's picture

anything which would guarantee the end of the lying sack of shit's presidency would be a very good thing.

the liar should be impeached for being an indonesian citizen born in kenya.

but as george bush explained, "the constitution is nothing but a god-damned piece of paper." obama proves the truth of bush's statement - the only time in the draft dodger's life that he spoke the truth.


Wed, 12/15/2010 - 19:49 | 810005 Bob
Bob's picture

Who, Barry, a liar?

In less than 2 minutes:

Wed, 12/15/2010 - 20:02 | 810054 nmewn
nmewn's picture

I promise "five days posted on line before I sign a bill"...classic...LOL. 

Wed, 12/15/2010 - 21:13 | 810232 tekhneek
tekhneek's picture

If you think that's hilarious you should check out "The WhiteHouse Whiteboard" -- so cute.

Thu, 12/16/2010 - 19:14 | 812746 Bob
Bob's picture

Wow.  Pathetic and hilarious.  Strange combination, that. 

Wed, 12/15/2010 - 20:36 | 810135 karzai_luver
karzai_luver's picture

sorry this country is out of anything that passes for a potus.

ALL THESE and any on the horizon are cryin lyin scumbags ir traitors.



Wed, 12/15/2010 - 20:42 | 810151 chubbar
chubbar's picture

Absolutely, He can't run again because this time there are laws on the books requiring the parties to verify candidates are constitutionally eligible.

He sure as shit didn't hide his records and then spend over 2 million fighting efforts to produce his long form birth cerificate because he took some sort of ethical stand against disclosure.

They'll be some reason, don't have a clue what it'll be, that he doesn't run in 2012. I hope it isn't because there isn't elections.

Wed, 12/15/2010 - 21:04 | 810210 knukles
knukles's picture

The DNC verified him as constitutionally eligible. 

Wed, 12/15/2010 - 21:39 | 810326 nmewn
nmewn's picture

LOL...vetting?...vetting!?!?!...we don't need no stinkin vetting!

Wed, 12/15/2010 - 19:27 | 809912 Cdad
Cdad's picture

I would like to state in unequivocal terms that our nation would be much better off if our current president would simply resign and new elections were scheduled.  If there is another side to this debate...if there even is a debate...I don't see it.

I'll leave the tall task of defending the current administration to someone with more energy and less awareness than me.


Wed, 12/15/2010 - 20:37 | 810143 karzai_luver
karzai_luver's picture

I would have more faith in whomever won the last dancing with the stars than anything that could get elected.


Anyone that could get elected should not be.


Wed, 12/15/2010 - 19:28 | 809918 Miramanee
Miramanee's picture

The truth about the tax cuts, et al.

Wed, 12/15/2010 - 19:28 | 809919 Vendetta
Vendetta's picture

he failed in his quest for more free trade agreements (with korea) and now 'threatening' this as a 'failure' of his presidency.  You'd think 'Deficits don't Matter' Dick was his VP.

Wed, 12/15/2010 - 19:46 | 809997 doolittlegeorge
doolittlegeorge's picture

we need a "picture enlargement feature" TD.  Is this a "Vendetta Mouse"?  I'm a big fan of Mighty Mouse of course.  A mammalian Minnie Me here V?

Wed, 12/15/2010 - 19:29 | 809929 lizzy36
lizzy36's picture

And that folks is what American exceptionalism has boiled down to: must win at all costs.

As long as it is a Republican vs. Democrat, Win vs. Lose paradigm, nobody ever has to ask the hard question:What are you winning?

Wed, 12/15/2010 - 19:52 | 810013 Bob
Bob's picture

Sports Nation.

Wed, 12/15/2010 - 21:47 | 810358 DaveyJones
DaveyJones's picture

with crooked referees

Wed, 12/15/2010 - 19:31 | 809936 Oquities
Oquities's picture

DeFazio says there's no rush, and the tax package could be passed next year, but is likely unaware of the market response to 15% vs. potentially 20% that could provoke a 2010 sell off to minimize taxes on the fibonacci-like gains of the last 21 months.

Wed, 12/15/2010 - 19:32 | 809938 JuicedGamma
JuicedGamma's picture

President Biden?


Wed, 12/15/2010 - 19:37 | 809962 Misean
Misean's picture

Shiver ran down my spine...

Wed, 12/15/2010 - 20:23 | 810109 bigdumbnugly
bigdumbnugly's picture

as opposed to the tingle up chris m's. leg?

Wed, 12/15/2010 - 19:59 | 810044 BlackSea
BlackSea's picture

Nah, he'll be passed over along with everyone else until it's the Secretary of State's turn.

BTW, Bill was enjoying his spot in the limelight the other day a little too much. No teleprompter either, amazing feat...

Wed, 12/15/2010 - 19:34 | 809943 Arius
Arius's picture

well, that's unique...but he is smart to give this to final analysis doesnt change a bit in the big scheme of things...yeah well, theater - american style

Wed, 12/15/2010 - 19:33 | 809948 Tipo anónimo
Tipo anónimo's picture

Hey, that would be great if O would end his presidency.  I heard the other O is looking for someone to take over her show, and he'd be a natural!

Wed, 12/15/2010 - 19:41 | 809975 bugs_
bugs_'s picture

I am SOOOO sick of this Presidenting CRAP!!!


Wed, 12/15/2010 - 19:42 | 809981 Bill D. Cat
Bill D. Cat's picture

Ah , the Blazing Saddles gambit .

Wed, 12/15/2010 - 19:43 | 809983 Misean
Misean's picture



Wed, 12/15/2010 - 19:46 | 809994 liberal sodomy
liberal sodomy's picture

As long as we don't lose a $400 handcart.

Wed, 12/15/2010 - 19:51 | 810009 Cheesy Bastard
Cheesy Bastard's picture

Now that is funny! :) 

Wed, 12/15/2010 - 20:14 | 810081 Pool Shark
Pool Shark's picture


"Oh Lordy-lord, he's desperate. Do what he say. Do what he say!"

Wed, 12/15/2010 - 22:04 | 810390 Goldilocks
Goldilocks's picture

Short (1:09) audio clip of ... I Swear I'll Blow This Nigger's Head All Over Town

Begins with ... Bart: "[low voice] Hold it! Next man makes a move ..."

Wed, 12/15/2010 - 19:43 | 809984 Thanatos
Thanatos's picture

If Obama can't whip out Cold Fusion he is gone.

He is a "Peter Frampton" president. A one term wonder that people will be hearing about and feeling fallout from for years to come....

Do you feel like I do....?

Wed, 12/15/2010 - 19:51 | 810019 doolittlegeorge
doolittlegeorge's picture

"whow, whooww whowww whowww whow who whoww wha whowww.  WHAW WHAW WHAW WHAW!"  Talk about a put down!  What is that girl doing TohourNatos?

Wed, 12/15/2010 - 23:08 | 810534 Thanatos
Thanatos's picture

She is kisssing a hangmans noose

Wed, 12/15/2010 - 20:03 | 810057 Bob
Bob's picture

Agreed, Frampton is an inspired comparison.

Wed, 12/15/2010 - 20:11 | 810077 Lord Koos
Lord Koos's picture

He'll merely be the Herbert Hoover of the 21st century.

Wed, 12/15/2010 - 20:59 | 810203 Lord Koos
Lord Koos's picture

He'll merely be the Herbert Hoover of the 21st century.

Wed, 12/15/2010 - 19:43 | 809987 Everybodys All ...
Everybodys All American's picture

It is not even close ... vote it down. In fact end his presidency as soon as possible. Face it if this were a European style presidency the man would not get a vote from anyone. The president is an empty suit as many pointed out before this clown was elected.

Wed, 12/15/2010 - 19:49 | 810007 mauistroker
mauistroker's picture

Barry is incompetent and shameless. I despair. How is this shit going to end?

Wed, 12/15/2010 - 19:57 | 810017 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

I disagree. He has carried out his masters' plans to perfection, they will be very pleased with him and i'm sure he will be rewarded handsomely once the NWO is firmly in place.

Wed, 12/15/2010 - 19:59 | 810043 Bob
Bob's picture

NWO?  No way.

Pretend sovereigns are much more profitable.  And easy to divert blame onto.

Wed, 12/15/2010 - 20:03 | 810055 mauistroker
mauistroker's picture

You're probably right Bill. Saw you in Manchester, UK in the mid-late '80s if I recall. You came on stage around midnight and performed for hours. It was 'theatre in the round' inside the old Corn Exchange building and was magical. Never seen anything like it before or since. Glad to see you're still in fine fettle. 

Wed, 12/15/2010 - 19:51 | 810012 A Nanny Moose
A Nanny Moose's picture

If we stop voting, will they just go away?

Wed, 12/15/2010 - 19:53 | 810025 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

Fascism never goes away, it just changes guises.

Wed, 12/15/2010 - 20:38 | 810142 nmewn
nmewn's picture

"Fascism never goes away, it just changes guises."

Whooop der it is!

Haven't you heard...children are starving in much so, they are obese (yes I know, it makes no sense to me either) obese & starving at the same time, we now must spend a few billion on a problem that no one can identify or even see a paradox's all so very confusing to us plebes.

Thankfully government is there to "show" us reality.

Wed, 12/15/2010 - 19:52 | 810015 max2205
max2205's picture

Ditto blazing saddles. Don't zo it or I'll shoot the N;(((ger. Man what a tool

I would have asked for that in writing then voted against

Wed, 12/15/2010 - 19:54 | 810031 doolittlegeorge
doolittlegeorge's picture

"Would you like another  schnitzen grubben?"

"yo, woman.  Six schnitzen grubben is all I can hannnndle...

Wed, 12/15/2010 - 19:54 | 810027 Reductio ad Absurdum
Reductio ad Absurdum's picture

[Bart then points his pistol at his own head]
Bart: [low voice] Hold it! Next man makes a move, the nigger gets it!
Olson Johnson: Hold it, men. He's not bluffing.
Dr. Sam Johnson: Listen to him, men. He's just crazy enough to do it!
Bart: [low voice] Drop it! Or I swear I'll blow this nigger's head all over this town!

Wed, 12/15/2010 - 19:59 | 810045 Misean
Misean's picture

White people are sooo stupid.

Wed, 12/15/2010 - 19:57 | 810041 theworldisnotenough
theworldisnotenough's picture

So here is the math: marginally higher taxes, and the potential for actual economic improvement in the future, or we keep Obama, and get $5 trillion more in cumulative deficits over the next 10 years. It sure sounds like a toss up.


Increases in tax revenue lead to increases in government spending.

I'd rather starve the beast, then think that keeping the current tax rates will grow the deficit. It is not the income but the out-go that is the problem. Cut taxes and create a stable long term frame work to work from. Then bring individual departments up for budget votes.

Wed, 12/15/2010 - 19:59 | 810049 Bill D. Cat
Bill D. Cat's picture

I blame Mel Brook's for that last comment . And of course , Bush .

Wed, 12/15/2010 - 20:04 | 810059 Dick Buttkiss
Dick Buttkiss's picture

All of which raises (not begs -- the question, When will the American people finally realize that representative democracy is a farce and that endlessly choosing between the lesser of two evils (even if they could determine which is which) cannot but end in a cumulative increase in evil?

Or as the great freedom-fighter Emma Goldman said nearly a century ago: "If voting changed anything, they's make it illegal."

Wed, 12/15/2010 - 20:15 | 810087 liberal sodomy
liberal sodomy's picture

emma goldman was a rabble-rousing, nation wrecking, bolshevik kike.

She is now in hell.


Wed, 12/15/2010 - 21:33 | 810309 Dick Buttkiss
Dick Buttkiss's picture

A well-reasoned reply there, LS. 

Give Barney my your best, and say hello to Emma when you join her.

Wed, 12/15/2010 - 22:18 | 810426 liberal sodomy
liberal sodomy's picture

save your bullshit about that rat faced jew for the shtetl.

Wed, 12/15/2010 - 23:17 | 810557 pods
pods's picture

And that effects the truth of her statement exactly how?


Wed, 12/15/2010 - 20:50 | 810178 Bob
Bob's picture


Wed, 12/15/2010 - 20:11 | 810073 honestann
honestann's picture

Results of 2012 election:
  Barack Hussein Obama : 37%
  Ron (NukeTheFed) Paul : 61%

Oh well, we can dream, can't we?

PS:  The way the economy is going... you never know.

Wed, 12/15/2010 - 21:01 | 810204 penisouraus erecti
penisouraus erecti's picture

our country's largest electronics retailer Best Buy just reported third quarter same store sales down 3.3% from one year ago!

Wed, 12/15/2010 - 21:32 | 810299 honestann
honestann's picture

Which all by itself is plenty of justification for Bernanke to start a concurrent QE3 of... say... $3-trillion?

Wed, 12/15/2010 - 20:11 | 810074 divide_by_zero
divide_by_zero's picture

Though I read somewhere else that the actual incentive for Obama to support the Bush tax cuts was if it didn't work, in 2012 he could still blame Bush. </s>

Wed, 12/15/2010 - 20:19 | 810098 Yes We Can. But...
Yes We Can. But Lets Not.'s picture

Spawn of Frank Marshall Davis.  For sure.  Knows it, lies about it.  Dishonest at the core.

Wed, 12/15/2010 - 20:24 | 810110 indio007
indio007's picture

End his presidency?

So be it.

If this is true it only proves that power is more important than doing the rights thing.


Wed, 12/15/2010 - 20:32 | 810125 BORT
BORT's picture

He came on the scene as a reincarnation of FDR, saving the nation.  His only accomplishment will be being elected in the first place, as another first _____, this and that.  Tax bill passes, 30 year to 6%, no tax bill, Dow tests lows.  Take your pick.  We are toast until we get some brains in Washington.  We need to generate some value in the country.  Trap the solar energy falling here, or shut off the Walmart spigot.

Wed, 12/15/2010 - 20:36 | 810134 MacedonianGlory
MacedonianGlory's picture

The same blackmail used G. Papandreou in Greece a month ago.

Its a bluff

Wed, 12/15/2010 - 20:43 | 810156 Ham Wallet
Ham Wallet's picture

Somebody start a Zerohedge Party, pretty plz...

Wed, 12/15/2010 - 21:17 | 810258 tekhneek
tekhneek's picture

Fuck. Yes. Somewhere central, tax day? Tyler Durden guest speaker -- no matter how many different people speak. I like it.

Wed, 12/15/2010 - 21:03 | 810207 zaphod
zaphod's picture

This is the first time I've been rooting for the house dems. Still feel slimy though.

Wed, 12/15/2010 - 21:17 | 810252 ziggy59
ziggy59's picture

I wont hold my breath for either those that call these fools bluffs or the BS artist making the statements. im still waiting for the liars to leave this country that said they would if so and so was elected or law was passed.

Wed, 12/15/2010 - 21:17 | 810253 greenewave
greenewave's picture


Then Watch the YouTube Video “AMERICAN DREAM DEAD ~ DENIAL, THEN PANIC” at (


It’s time you STOPPED getting SCREWED by the BIG RED WHITE and BLUE !!

Wed, 12/15/2010 - 21:18 | 810257 Gimp
Gimp's picture

What a self-centred prick, I guess he is no different than the rest of the liberal elites.

Probably be a one term-er like that other great democratic president Jimmy "the peanut" Carter who now spends his time bad mouthing America and especially white people...go figure for a white southerner....

Wed, 12/15/2010 - 21:18 | 810261 Twindrives
Twindrives's picture

Back to the Chicago slums for you Barry.  You won't be missed.    

Wed, 12/15/2010 - 21:23 | 810270 penisouraus erecti
penisouraus erecti's picture can't be that easy, can it?

Wed, 12/15/2010 - 21:25 | 810280 steve from virginia
steve from virginia's picture

Obama will be re- elected because the Republicans do not have a candidate that isn't absurd. The only GOP tactic is the worn- out 'Southern Strategy' that Obama exists to thwart.

Regardless of what happens in DC with the current cast of characters there will be no growth and a continuing economic decline ...

Unless the GOP pulls the plug on the government and fails to extend the debt ceiling. Doing so ='s default and the rest ... as they say ... is history!

"The Fed will monetize," cry the ill informed. The bond market is cracking now due to Fed monetizing. Bernanke can sit on the sideline and wave his hands. Anything he does will make matters worse.

There are trillion$ in bad debt propped up off- balance sheet @ hundreds of finance institutions. There are hundreds of trillion$ notational in derivatives held in expectation of low rates. Once deleveraging reaches the stage of margin calls, the entirety will be brought onto the market at once. The outcome will be the 'mother of all liquidity squeezes' as any currency brought to market will vanish into vast derivatives- ballooned insolvent balance sheets.

Even bears here @ ZH do not understand that the abyss is right underfoot. The period before Christmas is going to be very interesting, and not because of the NFL playoff races.


Wed, 12/15/2010 - 23:14 | 810548 tip e. canoe
tip e. canoe's picture

Gary Johnson

Wed, 12/15/2010 - 21:28 | 810290 daveM
daveM's picture

Like Eliot Spitzer says in one of his articles................ subpoena, subpoena.....


How do we know who is telling any truth.?

Wed, 12/15/2010 - 21:29 | 810291 Gimp
Gimp's picture

Let's extend to him a Laurel and Hardy handshake...

He's not bluffing...

Mel Brooks rules.


Wed, 12/15/2010 - 21:39 | 810304 squexx
squexx's picture

President B.O. is just as much a puppet of "the Evil Tribe" as George Bush was. He will serve as a patsy for as long as it is convenient for them to use him. When his usefulness to them is ended, he will be "Kennedy-ized." The resulting nationwide chimpouts will deflect attention away from the depression and help bring in a "state of emergency," they will then declare a "national emergency." Police will be nationalized and Big Brother law enforcement will be the new reality of the USA.

Wed, 12/15/2010 - 21:44 | 810347 Dick Buttkiss
Dick Buttkiss's picture

Don't forget a false-flag event to declare war on Iran and get WWIII in full swing to change the subject in FDR-like fashion.

Wed, 12/15/2010 - 21:36 | 810323 Violetta (not verified)
Violetta's picture

oh for god's sake, the "end" of his presidency. it's all about him? that's just pathetic.

Wed, 12/15/2010 - 21:38 | 810325 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Presidency was up before he was elected; when he came off the campaign trail to applaud and vote for TARP.  Credibility he never had.

Wed, 12/15/2010 - 21:52 | 810368 bernorange
bernorange's picture
[The people are about to shoot Bart at his opening speech—until he takes himself hostage]
Bart: [in a gruff voice, hauling himself by the collar and pressing the muzzle of his gun against his own neck] Hold it! The next man that makes a move, the nigger gets it.
Dr. Johnson: Hold it men—he's not bluffing! [all but Howard Johnson drop their guns]
Dr. Samuel Johnson: Listen to him, men; he's just crazy enough to do it!
Bart: [still gruffly, to Howard] Drop it, or I swear I'll blow this nigger's head ALL OVER THIS TOWN! [pickaninny voice] Oh, Lawdy-Lawd, he's desp'at! Do what he say, do what he saaaayyyy... do what he saaaayyyy... [Howard slowly drops the gun]
[Bart slowly moving towards the sheriff's office, still holding himself hostage]
Harriet Johnson: Isn't anyone going to help that poor man?
Dr. Samuel Johnson: Hush, Harriet! That's a sure way to get him killed!
Bart: [pickaninny voice] Oh, Oh he'p me! He'p me! He'p me! Somebody He'p me! He'p me! He'p me! He'p me! [gruffly] Shut up! [covers his mouth, pushes himself into the office] Oh, baby, you are so talented--and they are so dumb!
Thu, 12/16/2010 - 00:19 | 810713 the grateful un...
the grateful unemployed's picture


Wed, 12/15/2010 - 21:54 | 810371 QQQBall
QQQBall's picture

That's almost like having a GP you hate get hit by a bus. Really, he was the fastest lame duck in history - he inherited a bad hand and played it worse. I hope the next president has a trophy wife like Sarkozy or a mistress like Putin's... The side/rear view of Michelle Obama looks like Patrick Ewing with two asses. Embarassing

Wed, 12/15/2010 - 22:16 | 810421 Bagbalm
Bagbalm's picture

Don't get all excited. He hasn't done anything else he promised so this is just hot air too.

Wed, 12/15/2010 - 22:16 | 810422 penisouraus erecti
penisouraus erecti's picture

This is change you can hope for I believe

Wed, 12/15/2010 - 22:16 | 810425 Gimp
Gimp's picture

Wow, she got a caboose.. hide ya kids, hide ya husbands..

Wed, 12/15/2010 - 22:22 | 810432 rich_maverick
rich_maverick's picture

Seriously? Does the tax cut "extension" go or no go really make a difference?  We don't have a tax revenue problem in America.  We have a tax spending problem in America.  Our government spends our money on pointless crap that does very little to actually improve the economy.  They line the pockets of certain groups, generally to the detriment of everyone else.  The fact is that letting the tax cuts expire will do nothing, as will extending them.  The debate itself is a joke.  We are way past the point of no-return, asking the question "can we afford another credit card" when we know, without a doubt, there is no way we will ever pay off what we have already borrowed.  This tax cut is simply perpetuating the allusion that we are not bankrupt already.  

Wed, 12/15/2010 - 22:46 | 810478 -Michelle-
-Michelle-'s picture

Somebody get this guy a cigar.

Thu, 12/16/2010 - 03:46 | 810959 StychoKiller
StychoKiller's picture

Sorry, I'm "swiped-out!"

Wed, 12/15/2010 - 22:24 | 810438 columbia1
columbia1's picture

I would be more then willing to help Obama pack his bags :)

Wed, 12/15/2010 - 22:33 | 810455 Paul Bogdanich
Paul Bogdanich's picture

The day he decided not to relsove and break up the banks was the day his presidency ended.  All the rest of this is just slow agony and ruinious debt.   

Wed, 12/15/2010 - 22:33 | 810456 Terminus C
Terminus C's picture

I didn't think it was possible to be as bad a president as GW, but Obama really has shown that GW was just doin what he was told.  Obama is servin the mastah now too.

Revolution bitchez!

Wed, 12/15/2010 - 22:39 | 810461 JustACitizen
JustACitizen's picture

You guys actually think that it matters whether B.O. has a second term or not? I can't think of anyone more different from G W Bush - and yet somehow - with the exception of the rhetoric - I really don't see much of a difference.

Did you all get a load of that bi-partisanship in the Senate - amazing how they can get together on the things that really count...the wealthy...spending other people's money...protecting their bankster friends...etc.

Thu, 12/16/2010 - 00:46 | 810757 robertocarlos
robertocarlos's picture

That sounds like a Doors song.

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