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The Petulant Teleprompter: Obama "Abruptly" Walks Out Of Debt Negotiations

Tyler Durden's picture




 

Update: OBAMA: "THIS MAY BRING MY PRESIDENCY DOWN BUT I WILL NOT YIELD ON THIS" -- REPUBLICAN AIDE; Perhaps Obama may want to put the country ahead of his own interests this one time...

Here is the relevant section in the 14th Amendment that the Constitutional scholar is likely about to invoke. The bolded section is what is largely being ignored.

The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned.

Odd how the debt inccured for payment of pensions is being nicely trampled to make way for debt incurred for payment of Federal worker bonuses...

Orignal:

So far the Moody's threat is having precisely zero impact on the debt ceiling farce, with just 8 days left until July 22. But the latest development is certain to jar both S&P and Fitch, not to mention Dagong, out of hibernation. Reuters reports that President Barack Obama abruptly ended a tense budget meeting on Wednesday with Republican leaders by walking out of the room, a Republican aide familiar with the talks said. The aide said the session, the fourth in a row,
was the most tense of the week as House of Representatives Speaker John
Boehner, the top Republican in Congress, dismissed spending cuts offered
by the White House as "gimmicks and accounting tricks." Either Congress has become the best orchestrated reality TV show in history or, and this is a big or, the market should really consider panicking soon.

Some additional color:

  • Cantor relayed this quote: "Eric, don't call my bluff," Obama said. "I'm going to take this to the American people."
  • More Cantor: Obama said that the group has until Friday to figure out "which way we're going." They'll meet tomorrow.

Odd. Last time we checked far more Americans didn't want a debt ceiling hike than did:

Overall, voters oppose raising the debt ceiling by a strong 45 percent to 32 percent margin, with the remainder undecided.

But the real eye-opener in the poll is the stiff Republican and swing-voter opposition to a deal. Sixty-seven percent of GOP voters and 51 percent of independents think raising the debt ceiling is a bad idea.

Democratic voters, by comparison favored raising the debt ceiling by a 44 to 21 percent margin. Interestingly, 35 percent of Democrats say they are either undecided on the question, or don’t know enough to have an opinion.

Perhaps Obama believes GM union members are a representative segment of the broad US population...

 

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Wed, 07/13/2011 - 19:22 | 1454093 goldencross10
goldencross10's picture

Obama was going to be late to tee time

Wed, 07/13/2011 - 19:31 | 1454129 camaro68ss
camaro68ss's picture

he prob fogot to bring his telepromter and had to run out and get it.

Wed, 07/13/2011 - 19:37 | 1454158 MiguelitoRaton
MiguelitoRaton's picture

Does the market punish the action, we'll find out in 14 hours...

Wed, 07/13/2011 - 20:00 | 1454265 rocker
rocker's picture

CNBC reported that the market turn around today was after Boehner said raising the ceiling was a crap shoot. The comment was on the trading floor too. 

I guess ZH missed this one.   

Wed, 07/13/2011 - 20:21 | 1454321 oldmanagain
oldmanagain's picture

Methinks someone only hears out of one ear.

Wed, 07/13/2011 - 20:27 | 1454350 Dolar in a vortex
Dolar in a vortex's picture

"I'm going to take this to the American People."

You will notice that he didn't say taxpayers. Don't want those evil rich getting in the way of a good snit!

Wed, 07/13/2011 - 20:43 | 1454406 Guy Fawkes Mulder
Guy Fawkes Mulder's picture

Reminds me of this moment:
http://www.youtube.com/watch?v=xQZwle_mSA4

Wed, 07/13/2011 - 21:07 | 1454489 Rick64
Rick64's picture

Lol

Wed, 07/13/2011 - 22:29 | 1454767 jeff montanye
jeff montanye's picture

my take on the farce is the only thing they can agree on is giving the imperial presidency yet more power:  now he (will it be ever thus?) can raise the debt ceiling on his own.  

in my youth if you had asked me which would happen first, the president would claim the power to raise the debt ceiling without congressional approval or to kill u.s. citizens without trial or appeal, i would have missed the question.

Wed, 07/13/2011 - 22:36 | 1454787 markmotive
markmotive's picture

Meanwhile, China (in addition to Moodys) puts US on ratings downgrade watch: http://www.planbeconomics.com/2011/07/13/china-dagong-rating-agency-us-d...

The world is watching these politicians with dismay.

Thu, 07/14/2011 - 00:49 | 1455066 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

 

Greenlight must have scared the crap out of Moodys.

Wed, 07/13/2011 - 23:29 | 1454913 hound dog vigilante
hound dog vigilante's picture

agreed. mcconnell's move to drop the potato in the president's lap was as poorly judged/measured as obama's hissy fit.

these asshats are still playing politics. apparently they don't realize that every one of them will likely be voted out or forced to retire in the next election cycle.

 

things will get worse before they get better.

 

Wed, 07/13/2011 - 23:53 | 1454973 El Oregonian
El Oregonian's picture

Was that the beginning of the "Domino Effect" of the collapsing markets?

Thu, 07/14/2011 - 01:04 | 1455090 Guy Fawkes Mulder
Guy Fawkes Mulder's picture

+1

JUDO-KICK!

Thu, 07/14/2011 - 01:45 | 1455128 Michael
Michael's picture

The market will love 1 million government employee layoffs if the debt ceiling is not raised, and so will I.

Too bad they are all Obama democrat voters that will be laid off. At least they can collect 99 weeks of unemployment compensation.

Thu, 07/14/2011 - 04:20 | 1455237 Michael
Michael's picture

A better title for this thread I personally could not have conceived.

OT

Barak Obama is a made man . He is now one of the untouchables just like his predecessors by virtue of achieving the status of being the President of the United States of America.

The person occupying that office could be Elmer Fudd. It doesn't matter who the hell that person is.

But because he has been made, no one for the rest of his life on the planet can touch him and do harm to him or his family.

It's one of the perks of the office.

It's as simple as that.

Bugs Bunny and Elmer Fudd battle-cartoon(Un-censored)

http://www.youtube.com/watch?v=KBAZidONziI

 

Thu, 07/14/2011 - 04:39 | 1455247 Michael
Michael's picture

I will elaborate later.

 

Thu, 07/14/2011 - 07:02 | 1455323 fockewulf190
Thu, 07/14/2011 - 09:45 | 1455738 DosZap
DosZap's picture

But because he has been made, no one for the rest of his life on the planet can touch him and do harm to him or his family.

 

Michael, this is the dumbest statement I have read.

Tell it to JFK's relatives...............

Anyone can be gotten to, anyone,anytime, anywhere.

The fact your a POTUS does not make you invincible.

 

O.T.

I wish the GOP would walk the next meeting, and show that Mr.Big is not the only one who can say kiss our ass.

 

Sick of these thugs that think they OWN us.

You work for us, not the other way around.

 

Thu, 07/14/2011 - 05:11 | 1455256 Popo
Popo's picture

The Spender in Chief is powerless without his credit card.  

Ultimately that's all the president does:  Allocate resources that we don't have.

Take away his plastic and he has a tantrum.

 

 

Thu, 07/14/2011 - 07:12 | 1455336 Escapeclaws
Escapeclaws's picture

However, the market may not love it if Obama does not get his way. If the debt ceiling is not raised, I'm afraid the government will need to raid our IRA's and 401k's to make up the difference. Does anyone know the total value of these funds? At least the 1,000,000 jobs will be saved that way!

Thu, 07/14/2011 - 09:47 | 1455746 DosZap
DosZap's picture

I DARE them to do it.

Thu, 07/14/2011 - 11:04 | 1456051 MikeyrInFL
MikeyrInFL's picture

Nice! Maybe instead of POTUS, Obama should be PPOTUS...Pissy President Of The United States?

Thu, 07/14/2011 - 02:42 | 1455180 darkstar7646
darkstar7646's picture

He is.

With a gun to the head of about 20-40% of the population.

Basically, he is either going to stop the checks, threaten to turn the people loose (believing the fear on the streets of Sh*t-cago is good for this entire country!), or both!

Thu, 07/14/2011 - 08:00 | 1455428 MonsterBox
MonsterBox's picture

Chill.  It's the "W's" fault, somehow.  Give his minions a day or two to figure out how.....

Thu, 07/14/2011 - 22:15 | 1458272 darkstar7646
darkstar7646's picture

Personally, I don't give a rat's rear end whose "fault" it is.

The fact is now that either it blows up when the market can't sustain it or it blows up when they try to sustain it.

One of the reasons I've told people that I am dead before the year is out -- because I don't think they're going to get it that far.

Then, either I die trying to rob somebody or I die for somebody robbing me for what little I still would have.

Thu, 07/14/2011 - 11:06 | 1456061 MikeyrInFL
MikeyrInFL's picture

Agreed. After all, he is a community organizer.

Wed, 07/13/2011 - 23:53 | 1454972 SpiritBlade
SpiritBlade's picture

Prediction says...

 

Ceiling raised, and... no balanced budget.

Lose-Lose-Lose

 

III

Thu, 07/14/2011 - 01:02 | 1455085 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Lindsay WIlliams said they would fail to raise it, which is interesting because he is usualy right.  The Senate seems bent on raising it while the House does not.  It will start in the House, so it may just wither there.  Zodiac, bitchez.

Thu, 07/14/2011 - 01:43 | 1455127 Michael
Michael's picture

The market will love 1 million government employee layoffs if the debt ceiling is not raised, and so will I.

Too bad they are all Obama democrat voters that will be laid off. At least they can collect 99 weeks of unemployment compensation.

Thu, 07/14/2011 - 02:46 | 1455186 darkstar7646
darkstar7646's picture

From whom? Certainly not the Feds. They'd probably get maybe 13 weeks from the state and that'd be about it.

Thu, 07/14/2011 - 06:47 | 1455312 Gavrikon
Gavrikon's picture

I wouldn't worry about the ex-government workers.  They will just join the other democrat flash-mobbers.

Thu, 07/14/2011 - 22:16 | 1458274 darkstar7646
darkstar7646's picture

And you'd better be real worried about that one.

Unless you plan to start shooting first, the Republican upper-middle class might end up sitting ducks (quite literally!) in all of this.

Thu, 07/14/2011 - 08:55 | 1455541 MonsterBox
MonsterBox's picture

furlough, not lay-off.  it's like unpaid leave. 

it'd be nice to have a 3-4 week vacation just before the SHTF.  You know, time to load up on the lesser metals for the "friends" coming to visit: steel, brass, lead.... .

Thu, 07/14/2011 - 22:18 | 1458275 darkstar7646
darkstar7646's picture

The problem is that it wouldn't be a 3-4 week vacation _just before_ TSHTF...

it'd be a 3-4 week "vacation" _for the first 3-4 weeks WHEN_ TSHTF!

Wed, 07/13/2011 - 22:20 | 1454743 Republi-Ken
Republi-Ken's picture

Boys, Boys, A little TRUTH...Eric Kantor put out that Press Release...

Presidents DON'T walk out of a meeting...

The President starts and ends any and every meeting...when he decides! DUH!

Wed, 07/13/2011 - 22:38 | 1454793 SRV - ES339
SRV - ES339's picture

+ 4T

Wed, 07/13/2011 - 22:41 | 1454803 Calmyourself
Calmyourself's picture

That must be why Carney felt the need to defend the teleprompter in chief.  Cannot wait to meet your ilk on the other side..

Wed, 07/13/2011 - 22:51 | 1454834 narapoiddyslexia
narapoiddyslexia's picture

Why anyone around here would believe anything Cantor says surprises me. He represents everything this virtual community appears to despise; a paid-for political hack with dual citizenship. A neocon saint.

I'm not carryin' water for the Nigerian, mind you, but the Israeli doesn't interest me either. They deserve each other.

 

Thu, 07/14/2011 - 01:36 | 1455122 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

He ended the meeting and walked out, however you want to call it.  Canter?  Yeah, he is a bitchh, but whatever, should the POTUS get all uppity and end one of the most important meetings of his career?  To what?  Golf?  Come on.

Thu, 07/14/2011 - 05:13 | 1455257 Popo
Popo's picture

If you tell a spoiled 17 year old girl that her credit card is being confiscated,  she'll behave exactly the same way.

Coincidence?

Thu, 07/14/2011 - 09:29 | 1455676 narapoiddyslexia
narapoiddyslexia's picture

Eric Cantor is a traitor. He announced it himself. Read it - http://www.politico.com/blogs/laurarozen/1110/Before_Clinton_meeting_Cantors_oneonone_with_Bibi_.html?showall

Even some of his fellow Jews were surprised by Cantor's anti-Americanism - http://blogs.jta.org/politics/article/2010/11/11/2741711/candid-cantor

 

Thu, 07/14/2011 - 11:40 | 1456229 MikeyrInFL
MikeyrInFL's picture

I read this article which is old news. What's the problem? "Traitor?" Really? In what reality is Eric Cantor a traitor for meeting with Bibi? Also, what the heck is the "anti-Americanism" in this? Get a grip!

Thu, 07/14/2011 - 04:04 | 1455228 A.W.E.S.O.M.-O 4000
A.W.E.S.O.M.-O 4000's picture

The last president to be re-elected with unemployment above 7.2% was Franklin Delano Roosevelt.

Wed, 07/13/2011 - 20:00 | 1454130 Hard1
Hard1's picture

It was actually shootin' hoops, not tee time.

Wed, 07/13/2011 - 21:01 | 1454468 dlmaniac
dlmaniac's picture

OweBummer probably received a tweet from Wiener.

Wed, 07/13/2011 - 21:49 | 1454634 max2205
max2205's picture

I read that MacArthur stomped out WW I Vets who stormed capital hill because the Govt reneggerd on bonus payments. Doesn't that action negate the law stated above?!

Wed, 07/13/2011 - 22:42 | 1454808 jeff montanye
jeff montanye's picture

i'm not sure the 14th means the gov has to make good on its promises to, say, vets, as much as whatever promises it chooses to actually pay, the debt to pay it cannot be questioned.  questioned by whom is a bit unclear.  but clearly some (gross, durden) are in violation, if not in the letter then in the spirit. 

Thu, 07/14/2011 - 09:33 | 1455701 knowless
knowless's picture

the full text of section 4 of the 14th amendment shows that it was a way to negate all confederate debt. I don't see how it's applicable besides a one time action. unless some debts are suddenly those of "insurrectionaries". The intent seems obvious, so to cut out the rest of it and just say "the validty of the debt of the united states shall not be questioned." seems like a sham..

 

 

the validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned. But neither the United States nor any State shall assume or pay any debt or obligation incurred in aid of insurrection or rebellion against the United States, or any claim for the loss or emancipation of any slave; but all such debts, obligations and claims shall be held illegal and void.

Wed, 07/13/2011 - 22:44 | 1454813 Calmyourself
Calmyourself's picture

Patton was there also and contributed to the stomping of the "bonus Army"  who were there to demand the bonuses they were promised post WWI, very interesting history.

Thu, 07/14/2011 - 04:05 | 1455229 A.W.E.S.O.M.-O 4000
A.W.E.S.O.M.-O 4000's picture

Something like 30 vets were shot and killed, no*?

 

*Sorry but I'm too lazy to look it up on the Google.

Thu, 07/14/2011 - 04:07 | 1455231 A.W.E.S.O.M.-O 4000
A.W.E.S.O.M.-O 4000's picture

Or I can just read it on the post below. Thanks Internet!

Wed, 07/13/2011 - 22:58 | 1454853 Vlad Tepid
Vlad Tepid's picture

Ike and Patton were in on it too.  'Greatest Generation' poos on greater generation.  I guess this has been going on for some time...

Thu, 07/14/2011 - 01:07 | 1455091 DavidPierre
DavidPierre's picture


1932:
47,000 protesters, including 17,000 veterans of World War One, hard hit by the Depression, march on Washington, DC, to press for early payment of U.S. Army Service Certificates.
The protesters, known as the Bonus Army, set up camps in the hope that their presence will convince the Senate to pass the bill for early payment of the Certificates, a measure which had already passed the House. President Herbert Hoover decides that we can't be havin' no democratic protests in Washington, DC and orders police to expel the veterans. Police shoot and kill two veterans. Hoover then orders the Army in to drive the veterans from the Capitol.

The U.S. Army's 12th Infantry Regiment, commanded by the heroic General Douglas MacArthur with the heroic Dwight D. Eisenhower at his side, and the 3rd Cavalry Regiment, complete with six battle tanks, commanded by the heroic Major George S. Patton, form in Pennsylvania Avenue as thousands of U.S. government employees line the street to watch the show. The Bonus Army, mistakenly assuming that the military action is a display in their honor, cheer the troops.
Patton then orders his cavalry to charge the veterans.

Following the cavalry charge, infantry with fixed bayonets using chemical warfare agents invade the Bonus Army camps, expelling veterans and their families who flee across the Anacostia River.
At this point, Hoover orders the Army assault against the veterans stopped.
General MacArthur, however, has other ideas. According to him, the Bonus March, like anything else we want to suppress these days in the land of the free, is a plot by the filthy Commie rats to overthrow the freedom-loving government of the U.S. MacArthur duly attacks the Bonus Army, murdering two veterans, murdering two babies by asphyxiation with poison gas, and injuring hundreds of men, women and children with gunfire, bayonets and poison gas.

The Bonus March is duly crushed and, naturally, no one is charged with murder. General MacArthur is not court martialled for launching a murderous attack on American veterans in direct violation of an order from the president.

Thu, 07/14/2011 - 09:02 | 1455568 MonsterBox
MonsterBox's picture

Wow.  Is there a link for this?  Great stuff, if true.... "How to trust your goobermint in times of stress."

We got no stress right now, eh?

Thu, 07/14/2011 - 09:59 | 1455784 DosZap
DosZap's picture

Should have HUNG them all...................POTUS included.

Thu, 07/14/2011 - 02:08 | 1455143 Ponzi Unit
Ponzi Unit's picture

Bonus Marchers of 1932 wanted accelerated pmt of WWI bonus. Besides, the 14th refers to putting down insurrection, referring to Civil War vets. Maybe it will benefit goons running FEMA camps...

Thu, 07/14/2011 - 02:56 | 1455197 oldman
oldman's picture

The brave hero/genaral/runaway actually led his troops against Coxie's army of tents, burning them to ashes and killing vets.

That's my reason for not supporting any military anywhere

No, thats only one reason

Thu, 07/14/2011 - 04:11 | 1455233 A.W.E.S.O.M.-O 4000
A.W.E.S.O.M.-O 4000's picture

Here's a good story. Marine Corps Maj.-Gen. Smedley Butler always told the story about how he was approached by a group of influencial Wall Street Bankers during the 1930's with an offer to be paid to overthrow the government:

 

http://coat.ncf.ca/our_magazine/links/53/53-index.html

Thu, 07/14/2011 - 09:56 | 1455774 DosZap
DosZap's picture

McArthur was not by himself,other famous WWII studs also helped murder some Vets.The Gv't fk'd them also.

Also, they did not storm Capitol Hill, they set up Shanty Towns, and lived there, protesting the lack of pay that was due them.They left w/empty hands, pockets and a bloody rectum, and pocket full of IOU's.

Wed, 07/13/2011 - 21:54 | 1454650 goldfish1
goldfish1's picture

It was the beginning of video-bites for the 2014 campaign.

Wed, 07/13/2011 - 22:24 | 1454753 SoNH80
SoNH80's picture

No, he was actually walking down Bladensburg Rd. with a stolen hubcap.

Wed, 07/13/2011 - 19:41 | 1454179 tom a taxpayer
tom a taxpayer's picture

He got a tweet from Michelle: "Dinner is ready. Time to eat your peas. Honey, the peas are fresh from our White House garden."

Wed, 07/13/2011 - 19:48 | 1454216 Sheikh Djibouti
Sheikh Djibouti's picture

Apparently times are changing.

Crop Circle appears in new White House vegetable garden

http://rochelletimes.blogspot.com/2009/07/new-white-house-vegetable-gard...

Wed, 07/13/2011 - 20:03 | 1454278 Lord Welligton
Lord Welligton's picture

:)

Wed, 07/13/2011 - 20:21 | 1454322 knukles
knukles's picture

Uh....
But growin' yur own fruits and veggies is now illegal, dontcha know?

Fuck me, I'm gonna plant a doublecheeseburger tree in my yard.
Hardies, har, har.

Wed, 07/13/2011 - 20:47 | 1454419 Cui Bono
Cui Bono's picture

No kiddin' Knukles, For the love of pete why doesn't that poor lady in Michigan bring up the White House garden in the yard in her defense???? CB

Wed, 07/13/2011 - 22:18 | 1454732 MagicHandPuppet
MagicHandPuppet's picture

+1.  That was my thought when I first heard of that Michigander in trouble.

Thu, 07/14/2011 - 04:14 | 1455234 A.W.E.S.O.M.-O 4000
A.W.E.S.O.M.-O 4000's picture

What is ya, ignagint? When the Government does it - no problem. When you do it - off to the salt mines for 20 years.

Thu, 07/14/2011 - 10:04 | 1455796 DosZap
DosZap's picture

She made the mistake of doing it in the front yard.

I see a lot of hydropnics coming soon.

This is ALL part of U. N. Mandate 21.

It's to control the people.............

Thu, 07/14/2011 - 10:37 | 1455929 pops
pops's picture

What is the plant spacing for these iPads?  Gonna plant them in the shade of the cigarette trees next to the lake of stew.

Wed, 07/13/2011 - 20:25 | 1454330 knukles
knukles's picture

*

Thu, 07/14/2011 - 02:19 | 1455152 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

She only eats cheeseburgers.

Thu, 07/14/2011 - 10:16 | 1455835 DosZap
DosZap's picture

She definitely practices what she preaches...........dig this.

Yesterday the Washington Post reported that Michelle Obama consumed 1700 calories at lunch at the new DC Shake Shack. According to the story, the First Lady had a Shackburger, fries, a chocolate shake, and in a self-deluding ploy most of us know all too well, a Diet Coke.

Some people were amused at the supposed hypocrisy of the obesity-fighting First Lady gorging on 1700 calories of fat and carbs.

 

http://finance.yahoo.com/family-home/article/113124/next-bubble-burgers-forbes

 

I do good to eat 1700 calories a day..................but I am getting lean, to be a fighting machine.....LOL

Thu, 07/14/2011 - 02:37 | 1455173 ebworthen
ebworthen's picture

Michelle added:  "The zucchini is fabulous, so waxy, and long."

Wed, 07/13/2011 - 19:43 | 1454194 slaughterer
slaughterer's picture

Look up the wiki on the Clinton government shutdown, and remember Slick Willy is definitely behind the scenes with O.  Boehner stars in the role Newt had back then... ;-)

Wed, 07/13/2011 - 19:51 | 1454229 masterinchancery
masterinchancery's picture

Major difference is that the public is in the game this time.  And of course any "cuts" that the teleprompter/community organizer offers are fraudulent.  His base lives off the government.

Wed, 07/13/2011 - 21:05 | 1454479 dark pools of soros
dark pools of soros's picture

funny how the repubs/teabaggers use community organizer like it is slander...  they all will perish in their live-in tombs.. i mean bunkers

Wed, 07/13/2011 - 21:09 | 1454494 New_Meat
New_Meat's picture

teabaggers-not that there's anything wrong with that--RIGHT?

- Ned

Thu, 07/14/2011 - 02:21 | 1455153 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

dark got junked 30+ times for stating a fact!  Ha!

Thu, 07/14/2011 - 04:16 | 1455236 A.W.E.S.O.M.-O 4000
A.W.E.S.O.M.-O 4000's picture

Sorry but there is no room for the truth. Even on ZH.

Wed, 07/13/2011 - 21:25 | 1454551 nmewn
nmewn's picture

"funny how the repubs/teabaggers use community organizer like it is slander"

Teabagger is not a slander?

And I prefer the term social worker to community organizer ;-)

Thu, 07/14/2011 - 02:24 | 1455154 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

I think that was his point.  You are both right, people are idiots.

Wed, 07/13/2011 - 21:51 | 1454643 Fistfull of wor...
Fistfull of worthlessDollars's picture

The fearmongering pussy is unwilling to acknowledge the magnitude of the situation.  Fuck this guy and fuck you.  Keep playing this partisan bullshit.  They're both opposite sides of the same coin.

If your dumbass boy was any different from the previous dumbasses, we'd have an actual solution, but we don't.

Next thing, you'll tell us that we're richer b/c the S&P 500 is up from 2007.

Mororn.

Wed, 07/13/2011 - 22:03 | 1454691 InconvenientCou...
InconvenientCounterParty's picture

finally someone with the courage to speak out against Karl Rove.

I'd call you a fucking moron but it doesn't capture the essence of you.

Thu, 07/14/2011 - 00:00 | 1454982 hound dog vigilante
hound dog vigilante's picture

 

anyone who's had to earn a living in the real world (private sector) finds the notion of a career as a "community organizer" nauseating or laughable. a sickening joke.

 

what's more to ponder is how any true liberal can possibly defend 'their' president...

healthcare reform - poured concrete around for-profit insurance & pharmacuetical industries, making sickcare a permanent and unsustainable entitlement. unforgivable.

financial reform - did absolutely nothing to address the real problems at any level. gutless.

guantanimo - still open

wars - expanded one and started another. a knife in the back of every person that voted for Obama.

climate/green energy - utter failure

immigration - ignored.

tax code - ignored.

DHS & TSA - ignored.

patriot act - rubber stamped.

oil dependency - basically sanctioned BP's poisoning of the Gulf.

 

Honest people are having a difficult time distinguishing Obama from the man he replaced.

 

Thu, 07/14/2011 - 02:18 | 1455150 Assetman
Assetman's picture

+ infinity.

Thu, 07/14/2011 - 06:49 | 1455316 treadingwater
treadingwater's picture

Isn't a community organizer the same thing as a pimp?

Thu, 07/14/2011 - 09:10 | 1455588 pan-the-ist
pan-the-ist's picture

And even with all of that, I'd still vote for him over the current crop of republicans (except possibly Dr. Paul, but that would me more like a 'Jesse Ventura vote' for me.)

Maybe Obama will not seek to run for a second term.

Thu, 07/14/2011 - 09:13 | 1455606 MonsterBox
MonsterBox's picture

"Just as a dog returns to his vomit, so does a fool returns to his folly"

We're all idiots, voters or not.

Let's see, is it Glee or Modern Family tonight....

Thu, 07/14/2011 - 00:39 | 1455058 ceilidh_trail
ceilidh_trail's picture

 Uh, your "dark pool" is actually a manure pit. (cow crap for you nonagrarians). Looks like you've been in it awhile...

Thu, 07/14/2011 - 02:34 | 1455165 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Look, we have to roll up our sleeves and eat our peas.  The financial destruction that occured by the hands of an elite few is out of our control.  Just shut up and eat your peas.

Thu, 07/14/2011 - 10:19 | 1455856 DosZap
DosZap's picture

 A Community Organizer is nothing but a Communist/Marxist,tell the truth if you post it.

Wed, 07/13/2011 - 20:21 | 1454325 krispkritter
krispkritter's picture

Comedy-ville Horror; Obama take the hint... http://www.youtube.com/watch?v=zpPdgrr5diM

Wed, 07/13/2011 - 20:24 | 1454339 Salah
Salah's picture

The best way to really understand Obama, the messanic man-child is to read this dual analysis:

http://www.americanthinker.com/2010/03/obamas_malignant_narcissism.html

http://www.americanchronicle.com/articles/view/71124

Wed, 07/13/2011 - 21:17 | 1454524 Ident 7777 economy
Ident 7777 economy's picture

Wow ... that second one was a long read ...

Wed, 07/13/2011 - 22:12 | 1454714 tarsubil
tarsubil's picture

Do not confuse the actor with the character.

Thu, 07/14/2011 - 05:33 | 1455268 trav7777
trav7777's picture

an analysis from the ethnicity of narcissists

Wed, 07/13/2011 - 22:14 | 1454717 Freddie
Freddie's picture

6 POS junked you.  Probaly Obot supporters aka c***s****s.  Hussein is running banner ads on ZH.  Someone should create a bot to auto click on his banners ads by the billions.

Wed, 07/13/2011 - 22:19 | 1454736 Republi-Ken
Republi-Ken's picture

Boys, Boys, A little TRUTH...Eric Kantor put out this Press Release...

Presidents DON'T walk out of a meeting...

The President starts and ends any and every meeting...when he decides! DUH!

Wed, 07/13/2011 - 23:25 | 1454906 bankonzhongguo
bankonzhongguo's picture

Trillions for War debt, bank bailouts and TSA-fake-terrorism-body scanners, but when it comes to the elderly or kids - its the 'fuck you' bogeyman pandering.

Fuck you obama and fuck you congress.

Get rid of the fed, end corporate welfare, tax big business and bring manufacturing jobs back to America after you uphold existing immigration laws and end the surplus labor.

 

Thu, 07/14/2011 - 01:52 | 1455132 whiskeyjim
whiskeyjim's picture

Poor little man-child had a temper tantrum!

If I ever walked out of a meeting I'd be fired. As I should be.

Telling old retired folks that a government shutdown may threaten interest payments or SS payments is either the height of stupidity or the worst sort of lie.

Take your pick.

Thu, 07/14/2011 - 02:08 | 1455144 SokPOTUS
SokPOTUS's picture

Dumbass just hacked off the last demographic left voting.  Career limiting move, there, Soetoro.

Thu, 07/14/2011 - 07:13 | 1455338 treadingwater
treadingwater's picture

Perhaps his diaper needed changing.  This clown is so far over his head it's beyond funny.  Can't wait till this POS is sent back to the corrupt state of IL.

Thu, 07/14/2011 - 10:22 | 1455877 DosZap
DosZap's picture

Telling old retired folks that a government shutdown may threaten interest payments or SS payments is either the height of stupidity or the worst sort of lie.

Take your pick.

 

I vote BOTH......................

He is dying to be shoveled into the dust bin.

First & Worse  50% Black POTUS in history.

Wed, 07/13/2011 - 19:22 | 1454096 sbenard
sbenard's picture

Truly, he is the Teleprompter Tyrant!

Wed, 07/13/2011 - 20:40 | 1454397 Bob
Bob's picture

Strange spin to be put on the President ending a meeting early with an order to "have your shit together tomorrow."  Presidents don't "walk out" of meetings at the White House--they are the meeting.

Sounds to me like Cantor is trying to find a way to turn getting his ass spanked into something that he himself actually did a few weeks ago. 

Wed, 07/13/2011 - 20:55 | 1454442 New_Meat
New_Meat's picture

Bob-y'know, your assessment is correct.  But, well, when the JV is playing for the championship, ... well ... there are certain maturity issues that surface and screw up the game plan.

don't c'ha know.

- Ned

Wed, 07/13/2011 - 20:56 | 1454447 nmewn
nmewn's picture

Doesn't it bother you in the least that he tried to scare those on Social Security? Monthly revenue (taxation) is more than enough to cover those checks.

If anyones about to get their ass spanked its him.

Wed, 07/13/2011 - 21:01 | 1454463 New_Meat
New_Meat's picture

Dude-the press doesn't (wish to) understand cash flow, yet alone the difference between debt and deficit.

And, well, getting "... their ass spanked ..." , well, might be in their self-interest, n'est-ce pas?

- Ned

Wed, 07/13/2011 - 21:06 | 1454484 nmewn
nmewn's picture

;-)

I forgot the vid...try not to laugh along with the smirks of those who know more about what Barry (sans teleprompter) said than he obviously does.

http://www.youtube.com/watch?feature=player_embedded&v=e5fp35XHk5g

But I won't be so gracious...BWAHAHAHAHAHA!!!!

Wed, 07/13/2011 - 21:30 | 1454566 Ident 7777 economy
Ident 7777 economy's picture

Wow ... pretty damning video ... so the take-away is:

 

Barry Soetero is going to instruct tax-cheat Timmt Geitner NOT to issue SocSec checks ...

 

Wed, 07/13/2011 - 21:31 | 1454577 nmewn
nmewn's picture

Exactly.

Wed, 07/13/2011 - 21:52 | 1454637 hedgeless_horseman
hedgeless_horseman's picture

Great video.  Thank you.  If anyone can find the chart referenced I would be happy to post it.  Looks like a monthly revenue line chart with expenses as stacked bars.

It sounds like only interest payments and maybe refunding are above the revenue line.

Wed, 07/13/2011 - 22:23 | 1454725 hedgeless_horseman
hedgeless_horseman's picture

Even interest is below the line. 

Wed, 07/13/2011 - 22:30 | 1454770 nmewn
nmewn's picture

Oh my, grandma got takin for another ride.

Thanks for getting that up there, a picture is worth a thousand words for the government school educated.

Hmmm...the Congress appropriates, the Executive spends, what will the Executive Obama choose to cut?

This may be the most important decision of his short political life, seeing as how he opened up this can of worms to get to this very important decision.

Mommy, do I have to eat my peas now?...I like ice cream ;-)

Wed, 07/13/2011 - 22:43 | 1454788 hedgeless_horseman
hedgeless_horseman's picture

Doesn't it bother you in the least that he tried to scare is scaring those on Social Security?

Yes, it does.  It shows a lack of character.  

Wed, 07/13/2011 - 23:07 | 1454870 nmewn
nmewn's picture

A cold, calculating, cynical disregard of anything coming close to compassion.

Very revealing.

His deal is the same as it has always been with government on the cusp of being deprived...just like in Minnesota...the government will suspend licensing for beer distribution...but keep enforcement on the payroll to the detriment of the people to force a solution.

http://www.ibtimes.com/articles/179627/20110713/minnesota-shut-down-stops-millercoors-beers.htm

An old tired game.

Wed, 07/13/2011 - 23:35 | 1454926 Freddie
Freddie's picture

There are plenty of ck skers here on ZH who voted for this POS and still love him.

Thu, 07/14/2011 - 07:16 | 1455345 Bob
Bob's picture

There are quite a few people at ZH who regretfully voted for the POS, but I've never heard anyone say, or anything said by anyone that would suggest, that they "still love him." 

Nobody loves Barry no more around here. 

Thu, 07/14/2011 - 00:52 | 1455072 AGuy
AGuy's picture

Thats only for the Month of August. Its gets a lot more tricker later on in the year. It also crosses the rubicon on 8/3, and I see that the graph is missing some bars in early August. No interest payments due from 8-1 to 8-15?

Thu, 07/14/2011 - 00:56 | 1455077 AGuy
AGuy's picture

Thats only for the Month of August. Its gets a lot more tricker later on in the year. It also crosses the rubicon on 8/3, and I see that the graph is missing some bars in early August. No interest payments due from 8-1 to 8-15?

Wed, 07/13/2011 - 22:50 | 1454831 fuu
fuu's picture

I am disturbed that the chart is a GS chart with Treasury as the source. Can Treasury not produce their own charts?

Wed, 07/13/2011 - 23:36 | 1454927 Freddie
Freddie's picture

GS is the Treasury.  

Thu, 07/14/2011 - 00:59 | 1455080 FeralSerf
FeralSerf's picture

Treasury is GS's cow.

Wed, 07/13/2011 - 22:30 | 1454768 A Nanny Moose
A Nanny Moose's picture

This one?

http://blogs.reuters.com/james-pethokoukis/files/2011/07/gs1.jpg

I pulled it from the link below the video. I assume this is the chart you wanted.

Wed, 07/13/2011 - 22:42 | 1454804 hedgeless_horseman
hedgeless_horseman's picture

Thanks.  Couldn't see it on my mobile Win7 youtube app.

Thu, 07/14/2011 - 11:51 | 1456275 Ident 7777 economy
Ident 7777 economy's picture

This one?

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

Wow ... you're fast ...

 

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Thu, 07/14/2011 - 12:10 | 1456284 Ident 7777 economy
Ident 7777 economy's picture

.

Thu, 07/14/2011 - 12:09 | 1456348 Ident 7777 economy
Ident 7777 economy's picture

.

Thu, 07/14/2011 - 00:31 | 1455048 AGuy
AGuy's picture

I don't think so. Last year, Gov't paid out more for entitlements + wealthfare + interest. This year should be worse, as more people are unemployed or make less money, and there are more retirees collecting entitlements.

 

 

Thu, 07/14/2011 - 07:12 | 1455337 Bob
Bob's picture

Of course it bothers me that he played the SS scare card on seniors, mnewn.  Now he's saying he won't bend over no more.  I'm pleasantly surprised--he's been the ass slut of TPTB to date.  It remains to be seen, of course, just what he's willing to "bargain" away . . . whether this is more theater or not. 

Thu, 07/14/2011 - 07:25 | 1455363 nmewn
nmewn's picture

"Of course it bothers me that he played the SS scare card on seniors, mnewn."

Fair enough.

Have a good day.

Peas ;-)

Wed, 07/13/2011 - 19:23 | 1454100 dumpster
dumpster's picture

spell farce ,, twin gobs of merkin chest beaters

Wed, 07/13/2011 - 19:24 | 1454101 silveristhenew
silveristhenew's picture

issue = joke

Wed, 07/13/2011 - 19:24 | 1454103 buzzsaw99
buzzsaw99's picture

"He saved others," they said, "but he cannot save himself!

Matthew 27:42

Wed, 07/13/2011 - 19:37 | 1454149 dumpster
dumpster's picture

irrelevent and inane comment

Wed, 07/13/2011 - 19:41 | 1454182 buzzsaw99
buzzsaw99's picture

the fedgub saved the mort. agencies, the banks, wall street, the billionaires, foreign gubbermints and now they are being hung out to dry. learn to spell.

Wed, 07/13/2011 - 19:48 | 1454202 dumpster
dumpster's picture

tthe banks and yada are not saved , they have been filled with an extension,

 

they took up stones to kill them

 

learn to pour pizz in a boot

Wed, 07/13/2011 - 19:42 | 1454172 dumpster
dumpster's picture

so who has he saved ?who are the others the quote is irrelevent and ?

Wed, 07/13/2011 - 19:42 | 1454189 buzzsaw99
buzzsaw99's picture

double dumbass

Wed, 07/13/2011 - 19:54 | 1454242 dumpster
dumpster's picture

well i misspoke you can pizz in your boot

 

and for your very information ,, ass wipe ,, the red pencil guy.

 

the edit fiture does not respond so any spelling changes can not be made ,, nor does the spell checker work,,

 

not nearly as well as your big mouth

 

so yo think some scripture you quote as an excuse for brains .. is the same as a savings bank lol

Wed, 07/13/2011 - 20:33 | 1454371 VisualCSharp
VisualCSharp's picture

I've always wondered how people like dumpster learn to type so strangely. I can only attribute it to illiteracy. Who uses a space followed by two commas?

Jesus Christ, man.

Wed, 07/13/2011 - 20:40 | 1454396 Bay of Pigs
Bay of Pigs's picture

A spell <sarc>?

Wed, 07/13/2011 - 20:45 | 1454414 PianoRacer
PianoRacer's picture

Dude, maybe he has a severe cognitive impairment of some kind.  Maybe he lost a part of his brain in a horrible cycling accident.  There are lots of explanations; maybe the fact that we are even vaguely able to understand what he is saying is a really big accomplishment.

I like to assume very optimistic reasons for the tragedy I see around me every day.  It is the only thing that has helped me avoid stabbing myself in the face repeatedly.

Wed, 07/13/2011 - 21:30 | 1454568 RockyRacoon
RockyRacoon's picture

Heavy drug use as a young man can do that.   Keith Richards told me that.

Wed, 07/13/2011 - 21:39 | 1454605 TreadwCare
TreadwCare's picture

dude your comment made me lolerz

thanks, needed a good laugh.  with you all the way . . .

Wed, 07/13/2011 - 22:03 | 1454680 dumpster
dumpster's picture

visual merkin

 

and i always wonder why so many anal charactures insist on wanting .. a red pencil day in their little stations at work. Wherer they dress up there little space with pictures of jesus , and take the dang carbage can out on each coffee break.////

 

You want sentence structure and red pencil use.. then go take it up with the female boss ,, Next time you taske her coffee . take it up with her .

 

she may pat you on the back .. and paste a golden star on your visual sharp forehead .. she may give a shit

Wed, 07/13/2011 - 22:11 | 1454710 Ident 7777 economy
Ident 7777 economy's picture

Hmmm ... you just gave it away ... a 'call center' jockey ... fess up now ...

 

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